VanEck Indonesia Index ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.7x 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 60
Wgt avg mkt cap (mns) $14,505
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 7.8 %
BANK MANDIRI TBK 7.0 %
BANK RAKYAT INDONESIA 6.9 %
DIAN SWASTATIKA SENTOSA TBK PT 6.3 %
PT TELEKOMUNIKASI INDONESIA (PERSE 6.2 %
BARITO RENEWABLE 5.6 %
ASTRA INTERNATIONAL TBK PT 5.5 %
BARITO PACIFIC TBK PT 4.3 %
PT AMMAN MINERAL INTERNASIONAL TBK 3.6 %
PT CHANDRA ASRI PETROCHEMICAL TBK 3.1 %
Total 56.2 %

TOP COUNTRY EXPOSURE
INDONESIA 81.5 %
SINGAPORE 1.8 %
HONG KONG 1.2 %
THAILAND 0.9 %
AUSTRALIA 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.9% 10.8% -0.1% 1.5% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.57 21%
MSCI EAFE 0.73 25%
MSCI Emg. Mkts. 0.71 27%

Technical Indicators
Recent close $17.10
30d moving avg. $16.70
Annualized volatility 18.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.7%
Bid/Ask (% of price) 1.54%
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™: 7.0%


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 23.1 59 -2 7.7 +0.7
ASEA Global X FTSE Southeast Asia ETF 13.9 65 -8 6.1 -0.9
DVYE iShares Emerging Markets Dividend ETF 9.1 49 8 18.1 +11.1
IPOS Renaissance International IPO ETF 6.5 80 -23 2.1 -4.9
RNRG Global X Renewable Energy Producers ETF 5.6 66 -9 5.3 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 5.5 79 -22 7.7 +0.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.3 70 -13 12.3 +5.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.0 67 -10 14.6 +7.6
GOEX Global X Gold Explorers ETF 4.8 65 -8 2.4 -4.6
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -23 11.4 +4.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.5 80 -23 14.2 +7.1
FDEM Fidelity Emerging Markets Multifactor ETF 3.9 25 32 12.2 +5.2
PID Invesco International Dividend Achievers ETF 3.8 53 4 5.1 -1.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.6 60 -3 10.8 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 9 6.9 -0.1
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -6 12.7 +5.6
VIDI Vident International Equity Strategy ETF 2.6 61 -4 10.3 +3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -21 9.0 +2.0
GDX VanEck Gold Miners ETF 2.4 51 6 3.6 -3.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 13 10.3 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 13 11.2 +4.2
GMET VanEck Green Metals ETF 2.3 63 -6 7.1 +0.1
OSEA Harbor International Compounders ETF 2.3 55 2 4.8 -2.2
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 25 5.7 -1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.2 32 25 6.3 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.1 47 10 7.7 +0.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 33 7.3 +0.3
NIKL Sprott Nickel Miners ETF 2.1 75 -18 9.0 +1.9
XCEM Columbia EM Core ex-China ETF 2.0 16 41 7.6 +0.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.0 86 -29 0.5 -6.5
OAIM OneAscent International Equity ETF 1.9 95 -38 5.3 -1.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.9 40 17 6.7 -0.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 24 7.9 +0.9
JADE JPMorgan Active Developing Markets Equity ETF 1.8 65 -8 7.7 +0.7
FRDM Freedom 100 Emerging Markets ETF 1.8 49 8 7.3 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 25 8.5 +1.5
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 10 8.4 +1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 1.8 15 42 7.2 +0.1
WWJD Inspire International ETF 1.7 80 -23 7.1 +0.1
RNEM First Trust Emerging Markets Equity Select ETF 1.7 75 -18 8.4 +1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 24 9.4 +2.3
RODE Hartford Multifactor Diversified International ETF 1.6 29 28 10.3 +3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.6 45 12 1.7 -5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 42 7.4 +0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -1 9.4 +2.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 -2 8.4 +1.4
SDIV Global X Superdividend ETF 1.5 58 -1 16.7 +9.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.5 49 8 9.4 +2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -33 5.1 -1.9
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 -1 7.2 +0.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 8.8 +1.7
AVEM Avantis Emerging Markets Equity ETF 1.4 33 24 8.1 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 38 8.4 +1.4
GDXJ VanEck Junior Gold Miners ETF 1.4 52 5 3.5 -3.6
JHEM John Hancock Multifactor Emerging Markets ETF 1.4 49 8 9.4 +2.4
AVES Avantis Emerging Markets Value ETF 1.4 36 21 10.5 +3.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 4 7.2 +0.1
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 41 7.9 +0.9
MEM Matthews Emerging Markets Equity Active ETF 1.3 79 -22 7.3 +0.3
ECON Columbia Emerging Markets Consumer ETF 1.3 49 8 11.5 +4.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 32 6.9 -0.1
EMM Global X Emerging Markets ex-China ETF 1.3 75 -18 6.8 -0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 42 9.5 +2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 21 9.1 +2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 18 15.5 +8.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 22 12.5 +5.5
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 50 10.4 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 46 9.2 +2.2
STXE Strive Emerging Markets Ex-China ETF 1.2 32 25 7.4 +0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 -13 7.5 +0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 12 10.0 +3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -9 9.0 +1.9
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 16 6.4 -0.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 8 9.2 +2.1
CUT Invesco MSCI Global Timber ETF 1.1 61 -4 10.7 +3.7
DFEV Dimensional Emerging Markets Value ETF 1.1 43 14 11.7 +4.7
CGV Conductor Global Equity Value ETF 1.1 130 -73 7.7 +0.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 24 7.8 +0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -15 -1.3 -8.3
MOO VanEck Agribusiness ETF 1.0 53 4 10.6 +3.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 70 -13 8.4 +1.4
SETM Sprott Energy Transition Materials ETF 1.0 65 -8 2.0 -5.1
SCHE Schwab Emerging Markets Equity ETF 1.0 11 46 10.6 +3.6
DVYA iShares Asia/Pacific Dividend ETF 1.0 49 8 7.3 +0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 8 9.4 +2.3
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 50 10.2 +3.2
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -9 11.6 +4.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.0 30 27 8.4 +1.4
GVAL Cambria Global Value ETF 1.0 68 -11 10.5 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 22 8.6 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 48 9.8 +2.8
JIVE JPMorgan International Value ETF 1.0 55 2 10.7 +3.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 8 14.9 +7.8
JIG JPMorgan International Growth ETF 0.9 55 2 4.7 -2.4
BLES Inspire Global Hope ETF 0.9 61 -4 6.8 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 19 8.6 +1.6
EEM iShares MSCI Emerging Markets ETF 0.9 69 -12 9.5 +2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 12 9.6 +2.6
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 32 10.8 +3.8
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 18 9.1 +2.0
THD iShares MSCI Thailand ETF 0.8 58 -1 0.0 -7.0
IGRO iShares International Dividend Growth ETF 0.8 15 42 6.9 -0.1
DLS WisdomTree International SmallCap Dividend Fund 0.8 58 -1 7.9 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.8 30 27 9.6 +2.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -8 7.8 +0.8
MINV Matthews Asia Innovators Active ETF 0.8 79 -22 7.0 -0.0
BINV Brandes International ETF 0.8 70 -13 9.3 +2.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 15 9.3 +2.3
SCHY Schwab International Dividend Equity ETF 0.7 14 43 9.6 +2.6
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 32 9.7 +2.7
RCGE RockCreek Global Equality ETF 0.7 95 -38 6.6 -0.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -28 6.2 -0.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -13 7.6 +0.6
RING iShares MSCI Global Gold Miners ETF 0.6 39 18 4.0 -3.0
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 47 6.3 -0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -38 11.7 +4.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 18 10.5 +3.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -13 4.0 -3.1
VYMI Vanguard International High Dividend Yield ETF 0.5 17 40 9.0 +2.0
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.5 -0.5
FLHK Franklin FTSE Hong Kong ETF 0.5 9 48 4.3 -2.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 7 10.2 +3.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 28 7.5 +0.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -29 14.3 +7.3
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 8.1 +1.0
HAP VanEck Natural Resources ETF 0.4 50 7 8.8 +1.8
DEW WisdomTree Global High Dividend Fund 0.4 58 -1 8.2 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 49 7.1 +0.1
AFK VanEck Africa Index ETF 0.4 98 -41 14.0 +7.0
DMAT Global X Disruptive Materials ETF 0.4 59 -2 6.6 -0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.4 36 21 7.2 +0.2
QINT American Century Quality Diversified International ETF 0.3 39 18 6.8 -0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 39 7.3 +0.3
DISV Dimensional International Small Cap Value ETF 0.3 42 15 8.9 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 7.5 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 7.4 +0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 11 9.5 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 7.1 +0.1
VSGX Vanguard ESG International Stock ETF 0.3 10 47 7.5 +0.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 37 5.7 -1.3
VXUS Vanguard Total International Stock ETF 0.3 5 52 7.6 +0.6
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 27 7.3 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 18 5.7 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 53 7.6 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 23 7.3 +0.2
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -3 10.4 +3.4
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 40 12.8 +5.8
DTH WisdomTree International High Dividend Fund 0.2 58 -1 8.0 +0.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 7 5.4 -1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 16 8.1 +1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 6.8 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 18 7.5 +0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 20 7.8 +0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 48 5.5 -1.5
GLOF iShares Global Equity Factor ETF 0.1 20 37 6.6 -0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 47 6.7 -0.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 17 6.8 -0.2
AVDV Avantis International Small Cap Value ETF 0.1 36 21 8.6 +1.6
AVDS Avantis International Small Cap Equity ETF 0.1 30 27 6.6 -0.4
VT Vanguard Total World Stock ETF 0.1 6 51 5.7 -1.3
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.3 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 37 5.3 -1.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 7.3 +0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 15 6.5 -0.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 5.5 -1.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -32 4.8 -2.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 32 6.3 -0.8
DXIV Dimensional International Vector Equity ETF 0.1 34 23 7.4 +0.4
DFIS Dimensional International Small Cap ETF 0.1 39 18 7.0 -0.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 45 8.2 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -23 10.6 +3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.4 -0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 7.1 +0.1
DWM WisdomTree International Equity Fund 0.1 48 9 6.9 -0.1
VPL Vanguard FTSE Pacific ETF 0.1 7 50 6.3 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 45 4.9 -2.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 48 6.0 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 17 7.0 +0.0
JHMD John Hancock Multifactor Developed International ETF 0.0 39 18 7.1 +0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 10 5.8 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 7.1 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 8.9 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 6.6 -0.4
AVDE Avantis International Equity ETF 0.0 23 34 7.0 +0.0
AVIV Avantis International Large Cap Value ETF 0.0 25 32 8.3 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 6.8 -0.3
XT iShares Exponential Technologies ETF 0.0 46 11 4.5 -2.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 6.7 -0.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 6.7 -0.4
SCHF Schwab International Equity ETF 0.0 6 51 6.8 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 6.7 -0.4
BKIE BNY Mellon International Equity ETF 0.0 4 53 6.6 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 6.5 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 8.3 +1.3

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:

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 1.6 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.54
 
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.