VanEck Indonesia Index ETF
ALTAR
Score™		 9.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.2x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Indonesia Index ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the price and yield performance of the VanEck Vectors Indonesia Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Jan 15, 2009
Assets (mns) $33
Currency USD
Expense ratio 57 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 62
Wgt avg mkt cap (mns) $13,866
Large cap (>$10bn) 47.6%
Mid cap ($2-10bn) 36.7%
Small cap (<$2bn) 15.7%
Developed mkts 4.8%
Emerging mkts 95.2%

TOP TEN HOLDINGS
BANK RAKYAT INDONESIA 7.9 %
BANK CENTRAL ASIA PT 7.9 %
BANK MANDIRI TBK 6.9 %
PT TELEKOMUNIKASI INDONESIA (PERSE 6.2 %
PT AMMAN MINERAL INTERNASIONAL TBK 6.1 %
BARITO RENEWABLE 5.1 %
PT CHANDRA ASRI PETROCHEMICAL TBK 4.8 %
ASTRA INTERNATIONAL TBK PT 4.8 %
DIAN SWASTATIKA SENTOSA TBK PT 4.4 %
BANK NEGARA INDONESIA PT 3.2 %
Total 57.2 %

TOP COUNTRY EXPOSURE
INDONESIA 85.8 %
SINGAPORE 1.8 %
HONG KONG 1.3 %
THAILAND 1.0 %
AUSTRALIA 0.9 %






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.
-1.7% -4.3% 0.6% -1.4% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.51 20%
MSCI EAFE 0.37 11%
MSCI Emg. Mkts. 0.41 14%

Technical Indicators
Recent close $14.99
30d moving avg. $14.63
Annualized volatility 18.4%
Short interest (ETF) 1.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $151

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 194 potential alternatives to the VanEck Indonesia Index ETF ETF based on the alternatives' overlap in portfolio holdings with IDX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDX Expense: 57 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDX
Ticker Fund
Name		 Overlap1
vs IDX
(%)		 Expense
ratio
(bp)		 Savings
vs IDX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IDX
(%)
EIDO iShares MSCI Indonesia ETF 45.0 59 -2 9.9 +0.6
ASEA Global X FTSE Southeast Asia ETF 15.2 65 -8 7.1 -2.2
IPOS Renaissance International IPO ETF 9.0 80 -23 9.7 +0.5
DVYE iShares Emerging Markets Dividend ETF 8.9 49 8 18.8 +9.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.4 67 -10 13.9 +4.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.4 80 -23 14.4 +5.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.0 70 -13 14.6 +5.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.9 60 -3 11.0 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 4.9 79 -22 8.7 -0.6
FDEM Fidelity Emerging Markets Multifactor ETF 4.0 25 32 12.9 +3.7
GOEX Global X Gold Explorers ETF 4.0 65 -8 4.3 -5.0
PID Invesco International Dividend Achievers ETF 3.8 53 4 5.6 -3.7
GMET VanEck Green Metals ETF 3.8 63 -6 9.3 +0.1
RNRG Global X Renewable Energy Producers ETF 3.4 66 -9 5.6 -3.6
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 9 7.9 -1.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.9 86 -29 0.9 -8.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.8 63 -6 13.2 +3.9
EMM Global X Emerging Markets ex-China ETF 2.7 75 -18 6.1 -3.2
NIKL Sprott Nickel Miners ETF 2.6 75 -18 10.6 +1.4
OSEA Harbor International Compounders ETF 2.6 55 2 4.7 -4.6
EMC Global X Emerging Markets Great Consumer ETF 2.5 75 -18 8.9 -0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -21 9.3 +0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 13 11.0 +1.8
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 13 12.0 +2.7
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 25 6.2 -3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.2 32 25 6.9 -2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.2 24 33 8.2 -1.0
FRDM Freedom 100 Emerging Markets ETF 2.2 49 8 8.9 -0.4
XCEM Columbia EM Core ex-China ETF 2.1 16 41 8.2 -1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.0 40 17 7.1 -2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 10 8.5 -0.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.9 80 -23 12.2 +2.9
OAIM OneAscent International Equity ETF 1.8 95 -38 5.7 -3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 25 9.4 +0.1
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 42 7.8 -1.5
IQDF FlexShares International Quality Dividend Index Fund 1.7 47 10 9.3 +0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 24 10.2 +1.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.7 33 24 8.7 -0.5
STXE Strive Emerging Markets Ex-China ETF 1.7 32 25 7.9 -1.3
SDIV Global X Superdividend ETF 1.7 58 -1 39.5 +30.3
WWJD Inspire International ETF 1.7 80 -23 7.3 -2.0
ION ProShares S&P Global Core Battery Metals ETF 1.7 58 -1 11.0 +1.8
EMXF iShares ESG Advanced MSCI EM ETF 1.6 16 41 8.5 -0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 42 8.2 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.6 49 8 9.6 +0.3
RODE Hartford Multifactor Diversified International ETF 1.6 29 28 12.7 +3.5
RNEM First Trust Emerging Markets Equity Select ETF 1.6 75 -18 7.1 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -1 9.7 +0.5
DVYA iShares Asia/Pacific Dividend ETF 1.5 49 8 8.3 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 -2 11.8 +2.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 32 7.8 -1.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 9.4 +0.2
MEM Matthews Emerging Markets Equity Active ETF 1.4 79 -22 8.0 -1.2
VIDI Vident International Equity Strategy ETF 1.4 61 -4 11.3 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 38 9.5 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.4 30 27 9.9 +0.7
ECON Columbia Emerging Markets Consumer ETF 1.4 49 8 12.5 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.3 49 8 10.5 +1.2
EEMA iShares MSCI Emerging Markets Asia ETF 1.3 49 8 10.1 +0.9
AVES Avantis Emerging Markets Value ETF 1.3 36 21 11.6 +2.3
AVEM Avantis Emerging Markets Equity ETF 1.3 33 24 9.2 -0.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 22 19.3 +10.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.3 53 4 7.8 -1.5
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 50 10.7 +1.4
SETM Sprott Energy Transition Materials ETF 1.3 65 -8 3.3 -5.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 21 9.9 +0.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 42 10.4 +1.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 12 4.5 -4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -13 9.3 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 46 10.2 +1.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -13 7.7 -1.5
VWO Vanguard FTSE Emerging Markets ETF 1.1 7 50 10.6 +1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 18 16.2 +7.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 12 10.7 +1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -9 9.9 +0.7
MOO VanEck Agribusiness ETF 1.1 53 4 10.4 +1.2
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 48 10.6 +1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.1 90 -33 7.7 -1.5
SCHE Schwab Emerging Markets Equity ETF 1.1 11 46 11.2 +2.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 24 8.6 -0.6
CGV Conductor Global Equity Value ETF 1.1 130 -73 8.7 -0.5
DFEV Dimensional Emerging Markets Value ETF 1.1 43 14 13.2 +4.0
EEM iShares MSCI Emerging Markets ETF 1.0 69 -12 10.4 +1.1
JIG JPMorgan International Growth ETF 1.0 55 2 4.7 -4.5
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 22 9.5 +0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.0 49 8 16.0 +6.8
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -9 12.3 +3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 27 10.4 +1.2
RING iShares MSCI Global Gold Miners ETF 0.9 39 18 5.6 -3.6
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 32 12.0 +2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 12 10.6 +1.3
THD iShares MSCI Thailand ETF 0.9 58 -1 0.0 -9.2
BLES Inspire Global Hope ETF 0.9 61 -4 6.8 -2.5
GDXJ VanEck Junior Gold Miners ETF 0.9 52 5 5.7 -3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 19 9.4 +0.2
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 18 8.6 -0.6
GVAL Cambria Global Value ETF 0.8 68 -11 11.1 +1.9
CUT Invesco MSCI Global Timber ETF 0.8 61 -4 10.1 +0.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.8 25 32 6.5 -2.8
IGRO iShares International Dividend Growth ETF 0.8 15 42 7.3 -2.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -8 8.1 -1.1
SCHY Schwab International Dividend Equity ETF 0.7 14 43 9.6 +0.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 16 6.9 -2.3
MINV Matthews Asia Innovators Active ETF 0.7 79 -22 7.6 -1.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -28 9.9 +0.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 15 9.9 +0.7
CARZ First Trust NASDAQ Global Auto Index Fund 0.7 70 -13 5.2 -4.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -13 8.1 -1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -29 13.6 +4.3
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 -1 8.3 -0.9
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 32 10.1 +0.9
DMAT Global X Disruptive Materials ETF 0.6 59 -2 9.1 -0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -38 12.9 +3.6
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 47 6.3 -3.0
VYMI Vanguard International High Dividend Yield ETF 0.6 17 40 9.8 +0.6
BINV Brandes International ETF 0.5 70 -13 9.7 +0.5
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.5 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.5 49 8 11.9 +2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -15 -0.8 -10.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 7 11.4 +2.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.5 50 7 4.4 -4.9
RCGE RockCreek Global Equality ETF 0.5 95 -38 6.4 -2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.4 36 21 7.8 -1.4
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 8.3 -0.9
AFK VanEck Africa Index ETF 0.4 98 -41 11.8 +2.6
DEW WisdomTree Global High Dividend Fund 0.4 58 -1 8.6 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 28 8.8 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 18 13.5 +4.3
VSGX Vanguard ESG International Stock ETF 0.4 10 47 7.9 -1.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 8.0 -1.2
QINT American Century Quality Diversified International ETF 0.3 39 18 7.4 -1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 39 7.9 -1.4
FLHK Franklin FTSE Hong Kong ETF 0.3 9 48 7.1 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 7.7 -1.5
VXUS Vanguard Total International Stock ETF 0.3 5 52 8.1 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 49 6.8 -2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 8.1 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 53 8.2 -1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 37 6.0 -3.3
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -8 18.6 +9.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 23 7.9 -1.4
DISV Dimensional International Small Cap Value ETF 0.3 42 15 9.5 +0.2
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 27 7.8 -1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 11 10.3 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 0.3 17 40 13.2 +4.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 18 11.8 +2.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 18 5.9 -3.4
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -3 11.0 +1.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 7.0 -2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 16 8.9 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 48 5.9 -3.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 47 8.2 -1.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -32 4.8 -4.4
DTH WisdomTree International High Dividend Fund 0.1 58 -1 8.9 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 20 8.6 -0.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 28 6.5 -2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 18 8.2 -1.0
VT Vanguard Total World Stock ETF 0.1 6 51 6.0 -3.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 17 7.0 -2.2
GLOF iShares Global Equity Factor ETF 0.1 20 37 6.7 -2.5
AVDV Avantis International Small Cap Value ETF 0.1 36 21 10.0 +0.8
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.7 -3.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 45 8.0 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 15 6.8 -2.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 27 7.5 -1.7
DFIS Dimensional International Small Cap ETF 0.1 39 18 7.4 -1.9
SHPP Pacer Industrials and Logistics ETF 0.1 60 -3 8.5 -0.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 6.0 -3.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.7 -2.5
DXIV Dimensional International Vector Equity ETF 0.1 34 23 8.0 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.8 -2.4
VPL Vanguard FTSE Pacific ETF 0.1 7 50 7.2 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 10 5.8 -3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 7.6 -1.7
DWM WisdomTree International Equity Fund 0.1 48 9 7.5 -1.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 48 6.9 -2.4
JHMD John Hancock Multifactor Developed International ETF 0.0 39 18 7.7 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 37 5.8 -3.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 7.6 -1.6
APIE ActivePassive International Equity ETF 0.0 45 12 7.5 -1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 17 7.6 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 9.6 +0.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 7.3 -1.9
AVDE Avantis International Equity ETF 0.0 23 34 7.6 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 7.2 -2.0
AVIV Avantis International Large Cap Value ETF 0.0 25 32 8.9 -0.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 7.3 -1.9
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 7.2 -2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 45 5.3 -4.0
SCHF Schwab International Equity ETF 0.0 6 51 7.4 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 7.2 -2.0
BKIE BNY Mellon International Equity ETF 0.0 4 53 7.1 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 7.0 -2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 8.9 -0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Indonesia Index 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 14.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.50
 
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.