VanEck Indonesia Index ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.5x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 4.2%


  • 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) $37
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) $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 CENTRAL ASIA PT 7.5 %
BANK RAKYAT INDONESIA 7.0 %
DIAN SWASTATIKA SENTOSA TBK PT 6.9 %
BANK MANDIRI TBK 6.3 %
BARITO RENEWABLE 6.0 %
PT TELEKOMUNIKASI INDONESIA (PERSE 5.5 %
ASTRA INTERNATIONAL TBK PT 5.0 %
BARITO PACIFIC TBK PT 4.6 %
PT AMMAN MINERAL INTERNASIONAL TBK 4.3 %
BUMI RESOURCES MINERALS TBK 3.3 %
Total 56.4 %

TOP COUNTRY EXPOSURE
INDONESIA 81.3 %
SINGAPORE 1.8 %
HONG KONG 1.3 %
THAILAND 1.0 %
AUSTRALIA 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.8% -7.6% 3.0% 2.4% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.62 21%
MSCI EAFE 0.31 6%
MSCI Emg. Mkts. 0.32 8%

Technical Indicators
Recent close $16.30
30d moving avg. $16.04
Annualized volatility 18.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.6%
Bid/Ask (% of price) 2.05%
ADV underlying (mns) $151

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 196 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 22.9 59 -2 8.4 +1.2
ASEA Global X FTSE Southeast Asia ETF 13.0 65 -8 6.8 -0.4
DVYE iShares Emerging Markets Dividend ETF 8.8 49 8 18.6 +11.4
IPOS Renaissance International IPO ETF 6.9 80 -23 2.2 -5.0
RNRG Global X Renewable Energy Producers ETF 6.0 66 -9 1.2 -6.0
OBOR KraneShares MSCI One Belt One Road Index ETF 5.5 79 -22 8.6 +1.4
GOEX Global X Gold Explorers ETF 5.3 65 -8 2.3 -4.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.0 70 -13 13.1 +5.9
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -23 11.3 +4.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.6 67 -10 13.7 +6.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.5 80 -23 14.4 +7.2
FDEM Fidelity Emerging Markets Multifactor ETF 3.9 25 32 12.4 +5.2
PID Invesco International Dividend Achievers ETF 3.8 53 4 5.5 -1.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.6 60 -3 10.7 +3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 9 7.2 +0.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -6 13.5 +6.4
GDX VanEck Gold Miners ETF 2.6 51 6 2.7 -4.5
VIDI Vident International Equity Strategy ETF 2.6 61 -4 10.7 +3.5
GMET VanEck Green Metals ETF 2.5 63 -6 7.3 +0.1
NIKL Sprott Nickel Miners ETF 2.5 75 -18 8.2 +1.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -21 9.3 +2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 13 10.5 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 13 11.6 +4.4
OSEA Harbor International Compounders ETF 2.3 55 2 4.7 -2.5
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 6.6 -0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 33 7.5 +0.3
XCEM Columbia EM Core ex-China ETF 2.0 16 41 7.8 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 10 8.2 +1.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.0 86 -29 0.5 -6.7
OAIM OneAscent International Equity ETF 1.9 95 -38 5.6 -1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.9 40 17 6.8 -0.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 24 8.3 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 25 8.7 +1.6
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 8.4 +1.2
FRDM Freedom 100 Emerging Markets ETF 1.8 49 8 7.7 +0.5
WWJD Inspire International ETF 1.7 80 -23 7.2 +0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 24 9.5 +2.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.7 45 12 4.0 -3.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 42 7.4 +0.3
EMM Global X Emerging Markets ex-China ETF 1.6 75 -18 6.1 -1.1
RODE Hartford Multifactor Diversified International ETF 1.6 29 28 11.5 +4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 42 7.4 +0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -1 9.9 +2.7
GDXJ VanEck Junior Gold Miners ETF 1.5 52 5 3.4 -3.8
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 -18 7.6 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 -2 8.6 +1.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -33 7.0 -0.2
EMC Global X Emerging Markets Great Consumer ETF 1.5 75 -18 10.8 +3.6
SDIV Global X Superdividend ETF 1.5 58 -1 42.4 +35.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 8.3 +1.1
AVEM Avantis Emerging Markets Equity ETF 1.4 33 24 8.2 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 38 8.7 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.4 49 8 9.6 +2.4
AVES Avantis Emerging Markets Value ETF 1.4 36 21 10.8 +3.6
GMF SPDR S&P Emerging Asia Pacific ETF 1.4 49 8 9.1 +1.9
CGV Conductor Global Equity Value ETF 1.3 130 -73 8.3 +1.1
MEM Matthews Emerging Markets Equity Active ETF 1.3 79 -22 7.4 +0.3
ECON Columbia Emerging Markets Consumer ETF 1.3 49 8 11.5 +4.3
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 41 8.1 +0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.3 53 4 7.5 +0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 42 9.8 +2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 21 9.2 +2.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 16 6.4 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -13 7.6 +0.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 22 16.9 +9.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 46 9.6 +2.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 32 7.1 -0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.1 30 27 8.9 +1.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 18 15.7 +8.5
SETM Sprott Energy Transition Materials ETF 1.1 65 -8 2.0 -5.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 12 10.6 +3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -9 8.9 +1.7
SPEM SPDR Portfolio Emerging Markets ETF 1.1 7 50 10.2 +3.0
CUT Invesco MSCI Global Timber ETF 1.1 61 -4 11.3 +4.1
MOO VanEck Agribusiness ETF 1.1 53 4 10.7 +3.5
STXE Strive Emerging Markets Ex-China ETF 1.1 32 25 7.2 0.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 24 8.1 +0.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -15 -0.9 -8.1
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 8 9.6 +2.4
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -9 12.3 +5.1
DFEV Dimensional Emerging Markets Value ETF 1.0 43 14 12.8 +5.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 70 -13 8.8 +1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 8 15.2 +8.1
SCHE Schwab Emerging Markets Equity ETF 0.9 11 46 10.5 +3.3
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 50 9.8 +2.7
JIG JPMorgan International Growth ETF 0.9 55 2 4.6 -2.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 8 12.0 +4.8
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 22 8.9 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 48 9.9 +2.8
GVAL Cambria Global Value ETF 0.9 68 -11 10.4 +3.2
BLES Inspire Global Hope ETF 0.9 61 -4 6.7 -0.5
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 18 9.0 +1.8
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 8 7.5 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 12 9.8 +2.6
THD iShares MSCI Thailand ETF 0.9 58 -1 0.0 -7.2
EEM iShares MSCI Emerging Markets ETF 0.8 69 -12 9.7 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 19 8.9 +1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 32 11.1 +3.9
DLS WisdomTree International SmallCap Dividend Fund 0.8 58 -1 8.2 +1.0
MINV Matthews Asia Innovators Active ETF 0.8 79 -22 7.0 -0.2
BINV Brandes International ETF 0.8 70 -13 9.1 +1.9
IGRO iShares International Dividend Growth ETF 0.7 15 42 7.2 -0.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 15 9.7 +2.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -8 7.8 +0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.7 30 27 9.8 +2.6
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 32 9.6 +2.4
RING iShares MSCI Global Gold Miners ETF 0.7 39 18 3.5 -3.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -28 8.8 +1.6
SCHY Schwab International Dividend Equity ETF 0.7 14 43 9.7 +2.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -13 7.4 +0.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 32 6.4 -0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 18 11.3 +4.1
RCGE RockCreek Global Equality ETF 0.5 95 -38 6.7 -0.5
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 47 6.3 -0.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -13 4.3 -2.9
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.4 -0.8
FLHK Franklin FTSE Hong Kong ETF 0.5 9 48 6.7 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -38 11.3 +4.2
VYMI Vanguard International High Dividend Yield ETF 0.5 17 40 9.5 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 7 10.7 +3.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 28 6.5 -0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -29 13.5 +6.3
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -2 2.9 -4.3
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 8.1 +1.0
HAP VanEck Natural Resources ETF 0.4 50 7 9.0 +1.9
AFK VanEck Africa Index ETF 0.4 98 -41 11.1 +3.9
DEW WisdomTree Global High Dividend Fund 0.4 58 -1 8.4 +1.2
DMAT Global X Disruptive Materials ETF 0.4 59 -2 6.4 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 49 6.1 -1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.4 36 21 7.5 +0.3
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 7.7 +0.6
DISV Dimensional International Small Cap Value ETF 0.3 42 15 8.8 +1.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 11 9.7 +2.5
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 7.6 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 7.1 -0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 7.7 +0.5
VSGX Vanguard ESG International Stock ETF 0.3 10 47 7.4 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 18 5.7 -1.4
VXUS Vanguard Total International Stock ETF 0.3 5 52 7.7 +0.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 37 6.2 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 53 7.9 +0.7
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 27 7.3 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 23 7.4 +0.2
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -3 10.9 +3.8
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 40 13.3 +6.2
FILL iShares MSCI Global Energy Producers ETF 0.2 39 18 11.8 +4.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 16 8.4 +1.3
DTH WisdomTree International High Dividend Fund 0.2 58 -1 8.5 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 6.8 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 18 7.8 +0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 20 8.3 +1.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 7 5.2 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 48 5.5 -1.7
GLOF iShares Global Equity Factor ETF 0.1 20 37 6.4 -0.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 47 8.0 +0.8
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 -0.3
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 -0.0
VT Vanguard Total World Stock ETF 0.1 6 51 5.7 -1.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.5 -0.7
DFIS Dimensional International Small Cap ETF 0.1 39 18 7.2 +0.0
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.4 -1.8
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 5.8 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 45 8.0 +0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -23 10.4 +3.2
DXIV Dimensional International Vector Equity ETF 0.1 34 23 7.7 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.7 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 7.5 +0.3
DWM WisdomTree International Equity Fund 0.1 48 9 7.3 +0.1
VPL Vanguard FTSE Pacific ETF 0.1 7 50 6.6 -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 +0.2
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 5.7 -1.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 7.3 +0.1
APIE ActivePassive International Equity ETF 0.0 45 12 7.2 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 9.3 +2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 37 5.5 -1.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 7.0 -0.2
AVDE Avantis International Equity ETF 0.0 23 34 7.2 +0.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 6.8 -0.4
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
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 7.0 -0.2
XT iShares Exponential Technologies ETF 0.0 46 11 4.6 -2.6
SCHF Schwab International Equity ETF 0.0 6 51 7.1 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 6.8 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 45 5.0 -2.2
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 6.7 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 8.6 +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.