VanEck Indonesia Index ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 4.3%


  • 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) $38
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 61
Wgt avg mkt cap (mns) $16,547
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 7.8 %
DIAN SWASTATIKA SENTOSA TBK PT 7.1 %
PT TELEKOMUNIKASI INDONESIA (PERSE 6.6 %
BANK CENTRAL ASIA PT 6.6 %
BARITO RENEWABLE 6.5 %
BANK MANDIRI TBK 5.7 %
PT AMMAN MINERAL INTERNASIONAL TBK 5.3 %
ASTRA INTERNATIONAL TBK PT 5.2 %
PT CHANDRA ASRI PETROCHEMICAL TBK 3.5 %
BANK NEGARA INDONESIA PT 3.2 %
Total 57.6 %

TOP COUNTRY EXPOSURE
INDONESIA 82.4 %
SINGAPORE 1.6 %
HONG KONG 1.3 %
THAILAND 0.9 %
AUSTRALIA 0.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% -7.9% 0.6% 1.1% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.57 22%
MSCI EAFE 0.35 9%
MSCI Emg. Mkts. 0.38 12%

Technical Indicators
Recent close $16.14
30d moving avg. $15.87
Annualized volatility 18.5%
Short interest (ETF) 0.9%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.8%
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™: 7.2%


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 23.8 59 -2 8.2 +1.0
ASEA Global X FTSE Southeast Asia ETF 14.3 65 -8 6.6 -0.6
DVYE iShares Emerging Markets Dividend ETF 9.3 49 8 18.1 +10.9
IPOS Renaissance International IPO ETF 7.9 80 -23 2.2 -5.1
RNRG Global X Renewable Energy Producers ETF 6.5 66 -9 1.4 -5.8
OBOR KraneShares MSCI One Belt One Road Index ETF 5.5 79 -22 8.8 +1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.3 67 -10 13.5 +6.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.3 80 -23 13.5 +6.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.1 70 -13 13.0 +5.8
GOEX Global X Gold Explorers ETF 4.4 65 -8 2.7 -4.5
PID Invesco International Dividend Achievers ETF 4.3 53 4 5.5 -1.7
FDEM Fidelity Emerging Markets Multifactor ETF 3.9 25 32 12.4 +5.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.8 60 -3 10.4 +3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 9 7.3 +0.1
GMET VanEck Green Metals ETF 3.2 63 -6 8.4 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -6 13.1 +5.9
VIDI Vident International Equity Strategy ETF 2.7 61 -4 10.6 +3.4
NIKL Sprott Nickel Miners ETF 2.6 75 -18 9.4 +2.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -21 9.1 +1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 13 10.4 +3.2
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 13 11.9 +4.7
OSEA Harbor International Compounders ETF 2.3 55 2 4.9 -2.4
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 25 6.2 -1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.2 32 25 6.8 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -23 10.9 +3.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 33 7.9 +0.6
XCEM Columbia EM Core ex-China ETF 2.0 16 41 8.1 +0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.0 86 -29 0.4 -6.8
EMM Global X Emerging Markets ex-China ETF 1.9 75 -18 6.3 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 10 8.2 +1.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 24 8.5 +1.3
OAIM OneAscent International Equity ETF 1.9 95 -38 5.6 -1.7
FRDM Freedom 100 Emerging Markets ETF 1.9 49 8 8.1 +0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.9 40 17 6.9 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 25 8.9 +1.7
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 10 8.8 +1.6
ION ProShares S&P Global Core Battery Metals ETF 1.8 58 -1 9.1 +1.9
WWJD Inspire International ETF 1.7 80 -23 7.2 +0.0
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 42 7.6 +0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 24 9.8 +2.6
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -18 10.8 +3.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.6 45 12 4.0 -3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.6 59 -2 8.6 +1.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -1 9.6 +2.3
RODE Hartford Multifactor Diversified International ETF 1.6 29 28 11.4 +4.2
RNEM First Trust Emerging Markets Equity Select ETF 1.6 75 -18 7.6 +0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 42 7.7 +0.5
SDIV Global X Superdividend ETF 1.5 58 -1 41.0 +33.8
EMXF iShares ESG Advanced MSCI EM ETF 1.5 16 41 8.3 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.5 49 8 9.3 +2.1
DVYA iShares Asia/Pacific Dividend ETF 1.4 49 8 7.5 +0.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 8.6 +1.4
AVEM Avantis Emerging Markets Equity ETF 1.4 33 24 8.4 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 38 9.0 +1.8
CGV Conductor Global Equity Value ETF 1.4 130 -73 8.0 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.4 49 8 9.9 +2.7
AVES Avantis Emerging Markets Value ETF 1.4 36 21 10.8 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 4 7.7 +0.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 32 7.5 +0.3
MEM Matthews Emerging Markets Equity Active ETF 1.3 79 -22 7.6 +0.4
ECON Columbia Emerging Markets Consumer ETF 1.3 49 8 12.1 +4.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 22 17.7 +10.5
STXE Strive Emerging Markets Ex-China ETF 1.3 32 25 7.7 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 42 10.0 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.2 30 27 9.0 +1.8
SETM Sprott Energy Transition Materials ETF 1.2 65 -8 2.5 -4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 21 9.5 +2.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -13 7.6 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 50 10.3 +3.1
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 46 9.7 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 8 9.9 +2.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.1 90 -33 6.7 -0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 12 10.6 +3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -9 9.4 +2.1
CUT Invesco MSCI Global Timber ETF 1.1 61 -4 10.5 +3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 18 15.9 +8.6
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 24 8.2 +1.0
DFEV Dimensional Emerging Markets Value ETF 1.1 43 14 13.0 +5.7
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 16 6.5 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 -13 9.0 +1.8
MOO VanEck Agribusiness ETF 1.1 53 4 10.5 +3.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -15 -0.9 -8.1
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 50 10.0 +2.7
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -9 12.1 +4.9
SCHE Schwab Emerging Markets Equity ETF 1.0 11 46 10.7 +3.5
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 48 10.2 +3.0
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 8 11.7 +4.5
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 22 9.1 +1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 8 15.3 +8.0
JIG JPMorgan International Growth ETF 0.9 55 2 4.7 -2.6
EEM iShares MSCI Emerging Markets ETF 0.9 69 -12 10.0 +2.8
BLES Inspire Global Hope ETF 0.9 61 -4 6.8 -0.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 19 9.0 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 12 10.1 +2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -8 7.7 +0.5
GDXJ VanEck Junior Gold Miners ETF 0.8 52 5 4.0 -3.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.8 30 27 10.1 +2.9
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 32 11.4 +4.2
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 32 9.9 +2.7
RING iShares MSCI Global Gold Miners ETF 0.8 39 18 4.0 -3.2
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 18 8.8 +1.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 15 9.5 +2.3
THD iShares MSCI Thailand ETF 0.8 58 -1 0.0 -7.2
DLS WisdomTree International SmallCap Dividend Fund 0.8 58 -1 7.9 +0.7
GVAL Cambria Global Value ETF 0.8 68 -11 10.3 +3.1
MINV Matthews Asia Innovators Active ETF 0.8 79 -22 7.0 -0.3
BINV Brandes International ETF 0.8 70 -13 9.3 +2.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -28 8.7 +1.5
SCHY Schwab International Dividend Equity ETF 0.7 14 43 9.6 +2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.7 25 32 6.5 -0.7
IGRO iShares International Dividend Growth ETF 0.7 15 42 7.2 -0.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -13 7.5 +0.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -13 4.7 -2.5
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.2 -1.0
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 47 6.3 -0.9
VYMI Vanguard International High Dividend Yield ETF 0.5 17 40 9.4 +2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -38 11.5 +4.2
FLHK Franklin FTSE Hong Kong ETF 0.5 9 48 6.7 -0.5
DMAT Global X Disruptive Materials ETF 0.5 59 -2 7.3 +0.1
RCGE RockCreek Global Equality ETF 0.5 95 -38 6.6 -0.6
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 8.0 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 7 10.7 +3.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -29 13.0 +5.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 18 12.1 +4.9
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -2 3.3 -3.9
DEW WisdomTree Global High Dividend Fund 0.4 58 -1 8.3 +1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.4 36 21 7.7 +0.5
AFK VanEck Africa Index ETF 0.4 98 -41 11.7 +4.5
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 7.7 +0.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 28 9.1 +1.9
QINT American Century Quality Diversified International ETF 0.3 39 18 7.2 0.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 39 7.8 +0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 11 9.7 +2.5
VSGX Vanguard ESG International Stock ETF 0.3 10 47 7.5 +0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 7.7 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 7.4 +0.1
DISV Dimensional International Small Cap Value ETF 0.3 42 15 8.8 +1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 49 6.0 -1.2
VXUS Vanguard Total International Stock ETF 0.3 5 52 7.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 53 7.9 +0.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 37 6.2 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 23 7.6 +0.4
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 27 7.5 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 18 5.6 -1.6
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -8 20.1 +12.8
FILL iShares MSCI Global Energy Producers ETF 0.2 39 18 11.7 +4.5
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -3 11.0 +3.8
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 40 13.5 +6.3
DTH WisdomTree International High Dividend Fund 0.2 58 -1 8.3 +1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 18 7.8 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 6.7 -0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 47 7.9 +0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 20 8.2 +1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 16 8.4 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 48 5.6 -1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 45 7.9 +0.7
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -32 4.8 -2.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 17 6.8 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 28 6.4 -0.8
GLOF iShares Global Equity Factor ETF 0.1 20 37 6.3 -0.9
AVDV Avantis International Small Cap Value ETF 0.1 36 21 9.2 +2.0
AVDS Avantis International Small Cap Equity ETF 0.1 30 27 7.2 -0.1
VT Vanguard Total World Stock ETF 0.1 6 51 5.8 -1.5
SHPP Pacer Industrials and Logistics ETF 0.1 60 -3 8.7 +1.5
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.4 -1.8
DFIS Dimensional International Small Cap ETF 0.1 39 18 7.2 -0.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 15 7.0 -0.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 5.7 -1.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.5 -0.7
DXIV Dimensional International Vector Equity ETF 0.1 34 23 7.7 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.6 -0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 7.3 +0.1
DWM WisdomTree International Equity Fund 0.1 48 9 7.3 +0.1
VPL Vanguard FTSE Pacific ETF 0.1 7 50 6.7 -0.6
IPAC iShares Core MSCI Pacific ETF 0.0 9 48 6.2 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 17 7.3 +0.1
JHMD John Hancock Multifactor Developed International ETF 0.0 39 18 7.4 +0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 10 5.8 -1.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 7.3 +0.1
APIE ActivePassive International Equity ETF 0.0 45 12 7.4 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 37 5.6 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 9.4 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 6.9 -0.3
AVDE Avantis International Equity ETF 0.0 23 34 7.2 +0.0
AVIV Avantis International Large Cap Value ETF 0.0 25 32 8.4 +1.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 6.9 -0.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 7.1 -0.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 7.0 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 45 5.1 -2.1
SCHF Schwab International Equity ETF 0.0 6 51 7.2 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 6.9 -0.4
BKIE BNY Mellon International Equity ETF 0.0 4 53 6.9 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 6.8 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 8.7 +1.5

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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.