VanEck Indonesia Index ETF
ALTAR
Score™		 8.8% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 11.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 4.4%


  • 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) $35
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 58
Wgt avg mkt cap (mns) $19,070
Large cap (>$10bn) 47.1%
Mid cap ($2-10bn) 39.8%
Small cap (<$2bn) 13.1%
Developed mkts 4.6%
Emerging mkts 95.4%

TOP TEN HOLDINGS
BANK CENTRAL ASIA PT 8.5 %
BANK RAKYAT INDONESIA 7.6 %
BANK MANDIRI TBK 6.6 %
PT AMMAN MINERAL INTERNASIONAL TBK 5.4 %
PT TELEKOMUNIKASI INDONESIA (PERSE 5.3 %
ASTRA INTERNATIONAL TBK PT 4.8 %
BARITO RENEWABLE 4.2 %
BANK NEGARA INDONESIA PT 4.2 %
PT CHANDRA ASRI PETROCHEMICAL TBK 4.1 %
PT GOTO GOJEK TOKOPEDIA TBK 3.7 %
Total 54.4 %

TOP COUNTRY EXPOSURE
INDONESIA 92.1 %
SINGAPORE 2.2 %
THAILAND 1.7 %
HONG KONG 1.1 %
AUSTRALIA 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 11.4% -2.8% -1.7% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 0.39 21%
MSCI EAFE 0.46 30%
MSCI Emg. Mkts. 0.41 23%

Technical Indicators
Recent close $16.06
30d moving avg. $17.84
Annualized volatility 14.8%
Short interest (ETF) 1.0%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 54
Turnover 2.5%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $371

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™: 8.8%


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 63.2 59 -2 7.5 -1.3
ASEA Global X FTSE Southeast Asia ETF 19.2 65 -8 6.3 -2.4
IPOS Renaissance International IPO ETF 9.1 80 -23 -0.8 -9.6
DVYE iShares Emerging Markets Dividend ETF 8.6 49 8 18.8 +10.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.7 49 8 16.1 +7.4
OBOR KraneShares MSCI One Belt One Road Index ETF 6.6 79 -22 10.3 +1.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.8 60 -3 13.4 +4.7
EMC Global X Emerging Markets Great Consumer ETF 5.6 75 -18 4.5 -4.2
GMET VanEck Green Metals ETF 4.9 63 -6 10.7 +1.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.7 80 -23 12.3 +3.5
RNRG Global X Renewable Energy Producers ETF 4.2 66 -9 5.5 -3.2
GOEX Global X Gold Explorers ETF 4.1 65 -8 4.4 -4.3
EMMF WisdomTree Emerging Markets Multifactor Fund 3.8 48 9 8.8 +0.0
EMM Global X Emerging Markets ex-China ETF 3.6 75 -18 4.2 -4.5
FDEM Fidelity Emerging Markets Multifactor ETF 3.6 25 32 12.3 +3.6
SETM Sprott Energy Transition Materials ETF 3.3 65 -8 6.0 -2.8
EQLT iShares MSCI Emerging Markets Quality Factor ETF 3.1 35 22 7.4 -1.4
FEM First Trust Emerging Markets AlphaDEX Fund 3.1 80 -23 13.0 +4.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.1 44 13 10.6 +1.9
OSEA Harbor International Compounders ETF 3.0 55 2 4.3 -4.5
EMFQ Amplify Emerging Markets FinTech ETF 2.9 69 -12 5.3 -3.5
FRDM Freedom 100 Emerging Markets ETF 2.9 49 8 7.3 -1.5
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -6 18.9 +10.1
SDIV Global X Superdividend ETF 2.7 58 -1 14.9 +6.2
VIDI Vident International Equity Strategy ETF 2.6 61 -4 10.2 +1.5
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 13 15.8 +7.0
XC WisdomTree Emerging Markets Ex-China Fund 2.5 32 25 6.0 -2.8
OAIM OneAscent International Equity ETF 2.5 95 -38 5.1 -3.6
RNEM First Trust Emerging Markets Equity Select ETF 2.5 75 -18 7.6 -1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.4 24 33 9.2 +0.5
XCEM Columbia EM Core ex-China ETF 2.4 16 41 7.7 -1.1
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 41 6.8 -1.9
NIKL Sprott Nickel Miners ETF 2.3 75 -18 10.2 +1.5
STXE Strive Emerging Markets Ex-China ETF 2.2 32 25 7.0 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.2 70 -13 9.2 +0.4
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 42 6.3 -2.5
IQDF FlexShares International Quality Dividend Index Fund 2.2 47 10 12.9 +4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 27 8.1 -0.6
WWJD Inspire International ETF 2.1 80 -23 7.3 -1.5
BATT Amplify Lithium & Battery Technology ETF 2.1 59 -2 -0.1 -8.9
DVYA iShares Asia/Pacific Dividend ETF 2.1 49 8 9.0 +0.2
FPXI First Trust International Equity Opportunities ETF 2.1 70 -13 4.9 -3.9
GMF SPDR S&P Emerging Asia Pacific ETF 2.0 49 8 6.1 -2.6
JIG JPMorgan International Growth ETF 2.0 55 2 4.6 -4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.0 15 42 10.2 +1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.0 32 25 6.2 -2.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 10 9.4 +0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.9 58 -1 10.2 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 32 6.7 -2.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.9 86 -29 1.2 -7.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.8 32 25 6.9 -1.9
RODE Hartford Multifactor Diversified International ETF 1.8 29 28 11.8 +3.0
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 38 6.9 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 21 6.5 -2.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 49 8 6.5 -2.2
SGDJ Sprott Junior Gold Miners ETF 1.7 50 7 5.6 -3.1
GDXJ VanEck Junior Gold Miners ETF 1.7 52 5 4.5 -4.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.7 49 8 8.2 -0.6
AVEM Avantis Emerging Markets Equity ETF 1.7 33 24 8.9 +0.1
IQDE FlexShares International Quality Dividend Defensive Index ET 1.7 47 10 14.8 +6.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.6 33 24 8.2 -0.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.6 41 16 5.0 -3.8
AVES Avantis Emerging Markets Value ETF 1.6 36 21 11.6 +2.8
SCHE Schwab Emerging Markets Equity ETF 1.6 11 46 7.1 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 1.6 7 50 7.3 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 -13 6.2 -2.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.6 15 42 7.2 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.6 59 -2 11.3 +2.5
VWO Vanguard FTSE Emerging Markets ETF 1.5 8 49 6.9 -1.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 17 8.3 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.5 66 -9 10.0 +1.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 46 8.4 -0.4
ECON Columbia Emerging Markets Consumer ETF 1.5 49 8 7.3 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 21 7.8 -0.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.4 70 -13 7.7 -1.1
EMGF iShares Emerging Markets Equity Factor ETF 1.4 25 32 8.5 -0.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.4 29 28 8.7 -0.0
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 48 7.5 -1.3
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 22 7.3 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 27 7.3 -1.5
EEM iShares MSCI Emerging Markets ETF 1.4 69 -12 6.9 -1.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.4 25 32 6.6 -2.1
EYLD Cambria Emerging Shareholder Yield ETF 1.3 66 -9 13.2 +4.4
EEMO Invesco S&P Emerging Markets Momentum ETF 1.3 29 28 5.5 -3.2
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -1 15.5 +6.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.3 39 18 12.5 +3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.3 45 12 -0.6 -9.3
DFEV Dimensional Emerging Markets Value ETF 1.3 43 14 11.1 +2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 8 12.2 +3.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.2 38 19 7.8 -0.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.2 68 -11 8.2 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.1 45 12 11.0 +2.2
MOO VanEck Agribusiness ETF 1.1 53 4 9.7 +1.0
BLES Inspire Global Hope ETF 1.1 61 -4 6.4 -2.3
THD iShares MSCI Thailand ETF 1.0 58 -1 6.1 -2.6
MINV Matthews Asia Innovators Active ETF 1.0 79 -22 3.0 -5.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.0 35 22 12.4 +3.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -38 10.5 +1.8
MEM Matthews Emerging Markets Equity Active ETF 1.0 79 -22 5.4 -3.4
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 32 7.1 -1.6
GVAL Cambria Global Value ETF 1.0 68 -11 13.1 +4.3
WOOD iShares Global Timber & Forestry ETF 1.0 42 15 9.8 +1.0
DTCR Global X Data Center & Digital Infrastructure ETF 1.0 50 7 4.7 -4.1
SRVR Pacer Data & Infrastructure Real Estate ETF 1.0 55 2 1.9 -6.8
SCHY Schwab International Dividend Equity ETF 0.9 14 43 9.3 +0.6
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 18 9.2 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.9 20 37 6.8 -2.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 -8 8.2 -0.6
IGRO iShares International Dividend Growth ETF 0.9 15 42 7.5 -1.2
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 2 8.0 -0.8
CUT Invesco MSCI Global Timber ETF 0.8 61 -4 8.4 -0.4
VIGI Vanguard International Dividend Appreciation ETF 0.8 15 42 6.4 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 40 7.6 -1.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.7 18 39 6.8 -1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.7 90 -33 6.1 -2.6
DMAT Global X Disruptive Materials ETF 0.7 59 -2 10.5 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 7 13.0 +4.2
RING iShares MSCI Global Gold Miners ETF 0.7 39 18 5.6 -3.2
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 8 12.0 +3.3
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 34 9.1 +0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 11 9.3 +0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 39 7.0 -1.7
VYMI Vanguard International High Dividend Yield ETF 0.5 22 35 9.8 +1.1
QINT American Century Quality Diversified International ETF 0.5 39 18 7.7 -1.1
VSGX Vanguard ESG International Stock ETF 0.5 12 45 6.8 -2.0
BINV Brandes International ETF 0.5 70 -13 8.5 -0.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 37 6.3 -2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.5 88 -31 7.4 -1.3
DEW WisdomTree Global High Dividend Fund 0.5 58 -1 8.5 -0.2
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 50 7.2 -1.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -15 1.0 -7.8
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 27 6.9 -1.8
GINX SGI Enhanced Global Income ETF 0.4 98 -41 5.6 -3.1
VXUS Vanguard Total International Stock ETF 0.4 7 50 7.2 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 49 7.3 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 23 7.0 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 16 7.4 -1.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -13 3.8 -4.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 50 6.7 -2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 18 12.8 +4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 27 8.0 -0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -29 1.6 -7.1
HAP VanEck Natural Resources ETF 0.4 50 7 10.0 +1.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 -23 3.8 -4.9
AFK VanEck Africa Index ETF 0.4 98 -41 9.1 +0.3
FDNI First Trust Dow Jones International Internet ETF 0.4 65 -8 2.1 -6.6
DISV Dimensional International Small Cap Value ETF 0.4 42 15 9.1 +0.4
FILL iShares MSCI Global Energy Producers ETF 0.4 39 18 9.6 +0.9
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -32 4.9 -3.8
FLHK Franklin FTSE Hong Kong ETF 0.3 9 48 6.8 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -3 12.5 +3.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 16 7.4 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 48 5.4 -3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 7.0 -1.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 2 9.7 +0.9
GLOF iShares Global Equity Factor ETF 0.2 20 37 7.0 -1.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 47 7.7 -1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 45 8.3 -0.5
VT Vanguard Total World Stock ETF 0.2 7 50 5.5 -3.2
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.3 -3.5
SHPP Pacer Industrials and Logistics ETF 0.1 60 -3 9.9 +1.1
AVDV Avantis International Small Cap Value ETF 0.1 36 21 8.1 -0.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 17 6.6 -2.2
IQIN IQ 500 International ETF 0.1 25 32 9.2 +0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 20 8.9 +0.1
DFIS Dimensional International Small Cap ETF 0.1 39 18 6.9 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 15 8.1 -0.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.6 -2.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -23 10.8 +2.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 8.7 -0.1
AVIV Avantis International Large Cap Value ETF 0.1 25 32 9.0 +0.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 5.4 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 7.5 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 18 7.4 -1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 18 7.2 -1.6
VPL Vanguard FTSE Pacific ETF 0.1 8 49 7.7 -1.0
IPAC iShares Core MSCI Pacific ETF 0.1 9 48 7.2 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 10 5.5 -3.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 7.7 -1.0
AVDE Avantis International Equity ETF 0.0 23 34 8.1 -0.7
JHMD John Hancock Multifactor Developed International ETF 0.0 39 18 7.8 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 37 5.2 -3.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 9.9 +1.1
APIE ActivePassive International Equity ETF 0.0 45 12 8.1 -0.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 7.2 -1.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 52 7.3 -1.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 7.3 -1.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 7.1 -1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 45 4.8 -4.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.0 35 22 6.6 -2.1
SCHF Schwab International Equity ETF 0.0 6 51 7.5 -1.3
BKIE BNY Mellon International Equity ETF 0.0 4 53 7.1 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 7.0 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 7.1 -1.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.48
 
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.