VanEck Indonesia Index ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 4.6%


  • 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) $32
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 69
Wgt avg mkt cap (mns) $14,545
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 CENTRAL ASIA PT 7.9 %
BANK RAKYAT INDONESIA 7.6 %
BANK MANDIRI TBK 6.7 %
PT TELEKOMUNIKASI INDONESIA (PERSE 6.7 %
ASTRA INTERNATIONAL TBK PT 5.6 %
DIAN SWASTATIKA SENTOSA TBK PT 5.3 %
BARITO RENEWABLE 4.1 %
PT CHANDRA ASRI PETROCHEMICAL TBK 3.4 %
PT AMMAN MINERAL INTERNASIONAL TBK 3.4 %
BUMI RESOURCES MINERALS TBK 2.6 %
Total 53.3 %

TOP COUNTRY EXPOSURE
INDONESIA 80.3 %
SINGAPORE 2.7 %
HONG KONG 1.6 %
AUSTRALIA 1.1 %
THAILAND 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.7% 12.4% -3.7% -1.8% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.58 19%
MSCI EAFE 0.73 27%
MSCI Emg. Mkts. 0.58 22%

Technical Indicators
Recent close $14.71
30d moving avg. $13.98
Annualized volatility 18.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 36
Turnover 1.6%
Bid/Ask (% of price) 0.70%
ADV underlying (mns) $151

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 197 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™: 7.1%


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
(%)
JIVE JPMorgan International Value ETF 10.6 55 2 8.2 +1.1
ASEA Global X FTSE Southeast Asia ETF 10.1 65 -8 5.3 -1.8
DVYE iShares Emerging Markets Dividend ETF 9.1 49 8 16.6 +9.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.2 60 -3 9.7 +2.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.7 80 -23 11.0 +3.9
XC WisdomTree Emerging Markets Ex-China Fund 4.1 32 25 5.9 -1.2
OBOR KraneShares MSCI One Belt One Road Index ETF 4.1 79 -22 6.7 -0.4
GOEX Global X Gold Explorers ETF 4.0 65 -8 1.6 -5.5
PID Invesco International Dividend Achievers ETF 3.8 53 4 4.0 -3.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.8 67 -10 11.8 +4.7
FEM First Trust Emerging Markets AlphaDEX Fund 3.5 80 -23 8.4 +1.3
IPOS Renaissance International IPO ETF 3.4 80 -23 0.0 -7.1
RNRG Global X Renewable Energy Producers ETF 3.3 66 -9 4.3 -2.9
NIKL Sprott Nickel Miners ETF 3.0 75 -18 6.4 -0.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -13 8.9 +1.8
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 13 7.6 +0.5
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 10 7.5 +0.4
VIDI Vident International Equity Strategy ETF 2.5 61 -4 8.2 +1.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -21 9.7 +2.6
CGV Conductor Global Equity Value ETF 2.4 130 -73 7.3 +0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 12 9.1 +2.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 -6 10.4 +3.3
JADE JPMorgan Active Developing Markets Equity ETF 2.1 65 -8 6.1 -1.1
SDIV Global X Superdividend ETF 2.0 58 -1 12.9 +5.7
OSEA Harbor International Compounders ETF 2.0 55 2 4.0 -3.1
ION ProShares S&P Global Core Battery Metals ETF 2.0 58 -1 4.7 -2.5
WWJD Inspire International ETF 2.0 80 -23 6.0 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 10 7.2 +0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.8 58 -1 8.0 +0.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.8 33 24 6.3 -0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 -2 8.4 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.7 24 33 5.4 -1.7
SETM Sprott Energy Transition Materials ETF 1.6 65 -8 1.4 -5.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 13 8.9 +1.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 32 10.3 +3.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.5 15 42 5.6 -1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.5 70 -13 6.1 -1.0
GMET VanEck Green Metals ETF 1.5 63 -6 0.2 -6.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -33 3.8 -3.4
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 -18 7.4 +0.3
AVES Avantis Emerging Markets Value ETF 1.4 36 21 8.7 +1.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 8.3 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 8 8.7 +1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 1.3 48 9 8.6 +1.5
AVEM Avantis Emerging Markets Equity ETF 1.2 33 24 7.1 -0.1
ICOP iShares Copper and Metals Mining ETF 1.2 47 10 5.2 -1.9
GDX VanEck Gold Miners ETF 1.2 51 6 2.3 -4.8
VEXC Vanguard Emerging Markets Ex-China ETF 1.2 7 50 5.7 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 18 13.3 +6.2
XCEM Columbia EM Core ex-China ETF 1.2 16 41 5.1 -2.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.1 53 4 5.2 -1.9
CUT Invesco MSCI Global Timber ETF 1.1 61 -4 7.9 +0.8
FRDM Freedom 100 Emerging Markets ETF 1.1 49 8 5.6 -1.6
EMM Global X Emerging Markets ex-China ETF 1.1 75 -18 4.9 -2.3
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 8 7.6 +0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.0 33 24 6.9 -0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 42 8.0 +0.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 38 7.3 +0.1
AVSE Avantis Responsible Emerging Markets Equity ETF 1.0 33 24 6.7 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 50 9.2 +2.1
BLES Inspire Global Hope ETF 1.0 61 -4 5.7 -1.5
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 46 7.9 +0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 21 7.6 +0.5
EMXF iShares ESG Advanced MSCI EM ETF 1.0 16 41 6.9 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 8 7.7 +0.5
MOO VanEck Agribusiness ETF 1.0 53 4 8.6 +1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 25 7.4 +0.3
GDXJ VanEck Junior Gold Miners ETF 1.0 52 5 2.2 -4.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.9 25 32 5.2 -1.9
JIG JPMorgan International Growth ETF 0.9 55 2 3.5 -3.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 8 13.1 +6.0
ECON Columbia Emerging Markets Consumer ETF 0.9 49 8 6.9 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.9 35 22 11.0 +3.9
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 18 7.4 +0.2
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 8 6.8 -0.4
DFEV Dimensional Emerging Markets Value ETF 0.9 43 14 9.6 +2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 -9 7.3 +0.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.9 42 15 7.2 +0.1
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 50 8.9 +1.8
GVAL Cambria Global Value ETF 0.9 68 -11 8.6 +1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 8 8.7 +1.6
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 32 9.0 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 25 4.9 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 48 8.1 +1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.8 70 -13 7.1 -0.1
SCHE Schwab Emerging Markets Equity ETF 0.8 11 46 9.2 +2.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 12 -0.9 -8.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 19 6.9 -0.2
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 22 6.9 -0.2
BINV Brandes International ETF 0.8 70 -13 8.2 +1.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 16 4.9 -2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 27 7.6 +0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -8 6.2 -0.9
EEM iShares MSCI Emerging Markets ETF 0.7 69 -12 7.8 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 18 7.6 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 21 5.9 -1.2
THD iShares MSCI Thailand ETF 0.7 58 -1 0.0 -7.1
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -23 14.9 +7.8
ICPY Tweedy, Browne International Insider Value ETF 0.7 80 -23 21.5 +14.3
WOOD iShares Global Timber & Forestry ETF 0.7 42 15 10.7 +3.5
STXE Strive Emerging Markets Ex-China ETF 0.7 32 25 5.5 -1.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -13 6.1 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.6 30 27 8.0 +0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 42 8.8 +1.7
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -2 1.7 -5.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 12 8.1 +1.0
EYLD Cambria Emerging Shareholder Yield ETF 0.6 66 -9 9.0 +1.9
RING iShares MSCI Global Gold Miners ETF 0.6 39 18 2.8 -4.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -13 2.6 -4.5
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 32 8.3 +1.1
CGXU Capital Group International Focus Equity ETF 0.5 54 3 3.9 -3.3
ICLN iShares Global Clean Energy ETF 0.5 41 16 1.8 -5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -38 10.0 +2.8
IGRO iShares International Dividend Growth ETF 0.5 15 42 6.6 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 7 8.2 +1.1
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.1 -1.0
AFK VanEck Africa Index ETF 0.5 98 -41 9.9 +2.7
RCGE RockCreek Global Equality ETF 0.4 95 -38 5.9 -1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 28 7.0 -0.1
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 47 5.9 -1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -23 8.6 +1.5
FEOE First Eagle Overseas Equity ETF 0.4 79 -22 6.0 -1.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -15 1.9 -5.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 11 7.3 +0.2
SCHY Schwab International Dividend Equity ETF 0.4 14 43 8.1 +1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 49 6.0 -1.1
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -1 7.1 +0.0
VYMI Vanguard International High Dividend Yield ETF 0.4 17 40 7.9 +0.7
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 7.0 -0.2
AVDS Avantis International Small Cap Equity ETF 0.3 30 27 5.8 -1.3
DISV Dimensional International Small Cap Value ETF 0.3 42 15 8.0 +0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 6.2 -0.9
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 6.5 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 18 6.5 -0.6
AVDV Avantis International Small Cap Value ETF 0.3 36 21 7.5 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 39 6.3 -0.9
VSGX Vanguard ESG International Stock ETF 0.3 10 47 6.5 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 6.0 -1.1
VXUS Vanguard Total International Stock ETF 0.3 5 52 6.5 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 40 11.7 +4.6
GLOF iShares Global Equity Factor ETF 0.2 20 37 5.6 -1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 37 5.6 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 53 6.6 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 23 6.3 -0.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 27 6.3 -0.8
HAP VanEck Natural Resources ETF 0.2 50 7 6.5 -0.6
DTH WisdomTree International High Dividend Fund 0.2 58 -1 7.1 -0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 20 6.9 -0.3
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -3 9.1 +2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 5.8 -1.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 17 5.9 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 18 6.8 -0.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 7 5.1 -2.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.3 -0.9
DXIV Dimensional International Vector Equity ETF 0.1 34 23 6.4 -0.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 6.7 -0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 16 6.7 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 48 4.9 -2.3
DFIS Dimensional International Small Cap ETF 0.1 39 18 6.0 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 37 4.7 -2.4
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -1 6.1 -1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 2 5.5 -1.6
VT Vanguard Total World Stock ETF 0.1 6 51 5.0 -2.1
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 39 0.0 -7.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -32 4.5 -2.7
ACWI iShares MSCI ACWI ETF 0.1 32 25 4.7 -2.5
APIE ActivePassive International Equity ETF 0.1 45 12 6.3 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 47 7.9 +0.7
DEW WisdomTree Global High Dividend Fund 0.1 58 -1 7.3 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.0 -1.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 5.2 -2.0
IPAC iShares Core MSCI Pacific ETF 0.1 9 48 5.4 -1.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 32 6.2 -1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 45 8.0 +0.8
VPL Vanguard FTSE Pacific ETF 0.1 7 50 5.3 -1.8
WSML iShares MSCI World Small-Cap ETF 0.1 15 42 5.3 -1.8
INEQ Columbia International Equity Income ETF 0.1 45 12 7.5 +0.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 34 6.1 -1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 45 4.4 -2.7
XT iShares Exponential Technologies ETF 0.0 46 11 4.1 -3.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 15 3.9 -3.2
AVDE Avantis International Equity ETF 0.0 23 34 6.0 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 7.4 +0.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 5.9 -1.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 5.9 -1.2
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 5.9 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 17 5.6 -1.6
DWM WisdomTree International Equity Fund 0.0 48 9 5.5 -1.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 5.8 -1.4
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 5.9 -1.3
BKIE BNY Mellon International Equity ETF 0.0 4 53 5.9 -1.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 5.7 -1.4
SCHF Schwab International Equity ETF 0.0 6 51 5.9 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 6.8 -0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -29 11.3 +4.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -29 0.2 -7.0
AVIV Avantis International Large Cap Value ETF 0.0 25 32 6.8 -0.4

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 11.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 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.