VanEck Indonesia Index ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 4.7%


  • 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) $33
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 62
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 RAKYAT INDONESIA 8.6 %
BANK MANDIRI TBK 7.4 %
BANK CENTRAL ASIA PT 7.4 %
PT TELEKOMUNIKASI INDONESIA (PERSE 6.5 %
DIAN SWASTATIKA SENTOSA TBK PT 5.4 %
ASTRA INTERNATIONAL TBK PT 5.2 %
BARITO RENEWABLE 4.8 %
PT AMMAN MINERAL INTERNASIONAL TBK 4.6 %
PT CHANDRA ASRI PETROCHEMICAL TBK 3.8 %
BUMI RESOURCES MINERALS TBK 3.4 %
Total 57.0 %

TOP COUNTRY EXPOSURE
INDONESIA 83.7 %
SINGAPORE 1.7 %
HONG KONG 1.1 %
AUSTRALIA 1.1 %
THAILAND 0.9 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% 29.7% -1.7% -0.0% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.51 14%
MSCI EAFE 0.74 22%
MSCI Emg. Mkts. 0.60 17%

Technical Indicators
Recent close $14.38
30d moving avg. $16.16
Annualized volatility 18.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 48
Turnover 2.1%
Bid/Ask (% of price) 0.82%
ADV underlying (mns) $151

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 191 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™: 7.3%


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
(%)
ASEA Global X FTSE Southeast Asia ETF 11.6 65 -8 5.6 -1.7
JIVE JPMorgan International Value ETF 10.0 55 2 8.8 +1.6
DVYE iShares Emerging Markets Dividend ETF 8.7 49 8 17.6 +10.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.8 60 -3 9.9 +2.7
XC WisdomTree Emerging Markets Ex-China Fund 4.9 32 25 6.3 -1.0
RNRG Global X Renewable Energy Producers ETF 4.8 66 -9 4.5 -2.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.8 80 -23 12.0 +4.7
GOEX Global X Gold Explorers ETF 4.6 65 -8 1.5 -5.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.5 67 -10 12.6 +5.3
OBOR KraneShares MSCI One Belt One Road Index ETF 4.1 79 -22 6.8 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 4.0 80 -23 9.4 +2.1
PID Invesco International Dividend Achievers ETF 3.8 53 4 4.0 -3.3
IPOS Renaissance International IPO ETF 3.7 80 -23 0.0 -7.3
NIKL Sprott Nickel Miners ETF 3.1 75 -18 6.9 -0.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.0 70 -13 9.5 +2.2
VIDI Vident International Equity Strategy ETF 2.6 61 -4 8.8 +1.5
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 13 8.4 +1.1
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 10 8.0 +0.7
DEM WisdomTree Emerging Markets High Dividend Fund 2.6 63 -6 11.2 +3.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -21 10.0 +2.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 12 9.8 +2.6
JADE JPMorgan Active Developing Markets Equity ETF 2.1 65 -8 6.7 -0.6
ION ProShares S&P Global Core Battery Metals ETF 2.0 58 -1 5.5 -1.7
OSEA Harbor International Compounders ETF 2.0 55 2 4.2 -3.1
WWJD Inspire International ETF 2.0 80 -23 6.4 -0.8
GMET VanEck Green Metals ETF 1.9 63 -6 0.3 -7.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 10 7.9 +0.6
GDX VanEck Gold Miners ETF 1.9 51 6 2.3 -5.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.8 58 -1 8.7 +1.4
SETM Sprott Energy Transition Materials ETF 1.8 65 -8 1.6 -5.7
CGV Conductor Global Equity Value ETF 1.8 130 -73 7.5 +0.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.8 33 24 7.0 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.7 24 33 6.1 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 13 9.4 +2.2
RNEM First Trust Emerging Markets Equity Select ETF 1.6 75 -18 7.9 +0.6
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 32 11.1 +3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 42 6.2 -1.1
SDIV Global X Superdividend ETF 1.5 58 -1 13.2 +5.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 9 9.2 +2.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -33 4.4 -2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -2 9.2 +1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -31 9.1 +1.8
AVES Avantis Emerging Markets Value ETF 1.4 36 21 9.3 +2.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.4 49 8 9.2 +1.9
VEXC Vanguard Emerging Markets Ex-China ETF 1.3 7 50 6.2 -1.1
GDXJ VanEck Junior Gold Miners ETF 1.3 52 5 2.1 -5.2
FRDM Freedom 100 Emerging Markets ETF 1.3 49 8 6.3 -0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.3 32 25 8.2 +0.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -13 6.8 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 18 14.3 +7.0
AVEM Avantis Emerging Markets Equity ETF 1.2 33 24 7.8 +0.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 4 5.9 -1.4
EMM Global X Emerging Markets ex-China ETF 1.2 75 -18 5.5 -1.8
XCEM Columbia EM Core ex-China ETF 1.2 16 41 5.7 -1.6
EMXF iShares ESG Advanced MSCI EM ETF 1.1 16 41 7.5 +0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 25 5.4 -1.9
CUT Invesco MSCI Global Timber ETF 1.1 61 -4 7.8 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 8 8.2 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.1 35 22 11.9 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 1.1 7 50 9.9 +2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.0 33 24 7.5 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 42 8.8 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 38 7.9 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 1.0 25 32 5.9 -1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 1.0 33 24 7.4 +0.1
BLES Inspire Global Hope ETF 1.0 61 -4 6.0 -1.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 46 8.6 +1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 21 8.4 +1.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.0 41 16 5.4 -1.8
DFEV Dimensional Emerging Markets Value ETF 1.0 43 14 10.5 +3.3
JIG JPMorgan International Growth ETF 0.9 55 2 3.8 -3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 8 14.0 +6.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.9 49 8 8.4 +1.2
ECON Columbia Emerging Markets Consumer ETF 0.9 49 8 7.7 +0.4
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 50 9.5 +2.3
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 8 7.0 -0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 8 9.0 +1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 -9 8.0 +0.7
SCHE Schwab Emerging Markets Equity ETF 0.9 11 46 9.8 +2.6
GVAL Cambria Global Value ETF 0.9 68 -11 9.5 +2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.9 70 -13 7.8 +0.5
MOO VanEck Agribusiness ETF 0.8 53 4 8.7 +1.4
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 22 7.6 +0.4
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 48 8.9 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 19 7.6 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 27 8.4 +1.2
STXE Strive Emerging Markets Ex-China ETF 0.8 32 25 6.2 -1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 32 9.9 +2.6
BINV Brandes International ETF 0.8 70 -13 8.6 +1.3
THD iShares MSCI Thailand ETF 0.7 58 -1 0.0 -7.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -8 7.0 -0.3
EEM iShares MSCI Emerging Markets ETF 0.7 69 -12 8.6 +1.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 12 -0.9 -8.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 15 8.0 +0.8
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 18 7.4 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 21 6.6 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.7 30 27 8.9 +1.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -13 6.1 -1.2
RING iShares MSCI Global Gold Miners ETF 0.6 39 18 2.8 -4.5
SCHY Schwab International Dividend Equity ETF 0.6 14 43 8.3 +1.1
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -2 2.0 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 42 9.6 +2.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -13 3.2 -4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 12 8.9 +1.7
EYLD Cambria Emerging Shareholder Yield ETF 0.6 66 -9 9.9 +2.6
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 32 9.1 +1.8
CGXU Capital Group International Focus Equity ETF 0.5 54 3 4.3 -3.0
RCGE RockCreek Global Equality ETF 0.5 95 -38 6.2 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 18 8.5 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 7 8.9 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -38 10.9 +3.7
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 32 6.2 -1.1
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 47 6.1 -1.2
IGRO iShares International Dividend Growth ETF 0.4 15 42 6.8 -0.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 28 8.0 +0.7
FEOE First Eagle Overseas Equity ETF 0.4 79 -22 6.3 -1.0
VYMI Vanguard International High Dividend Yield ETF 0.4 17 40 8.3 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -15 2.3 -5.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 11 7.5 +0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 49 6.4 -0.9
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 34 7.3 +0.0
AFK VanEck Africa Index ETF 0.3 98 -41 10.5 +3.3
DISV Dimensional International Small Cap Value ETF 0.3 42 15 8.3 +1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 27 6.6 -0.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 50 6.9 -0.4
HAP VanEck Natural Resources ETF 0.3 50 7 6.7 -0.6
VSGX Vanguard ESG International Stock ETF 0.3 10 47 7.0 -0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 18 6.9 -0.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 39 6.7 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 16 6.4 -0.8
VXUS Vanguard Total International Stock ETF 0.3 5 52 7.0 -0.3
AVDS Avantis International Small Cap Equity ETF 0.3 30 27 6.1 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 37 5.6 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 53 7.0 -0.2
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 27 6.8 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 23 6.7 -0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 20 7.2 -0.1
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -3 9.2 +1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 8 6.1 -1.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 7 5.5 -1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 16 7.4 +0.2
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 40 12.5 +5.3
GLOF iShares Global Equity Factor ETF 0.1 20 37 5.9 -1.3
DEW WisdomTree Global High Dividend Fund 0.1 58 -1 7.4 +0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 33 6.9 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 48 5.2 -2.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 17 6.2 -1.0
AVDV Avantis International Small Cap Value ETF 0.1 36 21 7.8 +0.5
FRGN Horizon International Equity ETF 0.1 75 -18 8.5 +1.3
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -1 6.4 -0.9
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 39 0.0 -7.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 46 6.6 -0.7
VT Vanguard Total World Stock ETF 0.1 6 51 5.3 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -32 4.7 -2.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 37 5.0 -2.3
ACWI iShares MSCI ACWI ETF 0.1 32 25 5.0 -2.3
DTH WisdomTree International High Dividend Fund 0.1 58 -1 7.5 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 18 7.1 -0.2
DFIS Dimensional International Small Cap ETF 0.1 39 18 6.2 -1.1
DXIV Dimensional International Vector Equity ETF 0.1 34 23 6.7 -0.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 47 7.9 +0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 32 6.7 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 18 6.3 -1.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 38 5.4 -1.9
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 9.1 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 45 4.7 -2.6
VPL Vanguard FTSE Pacific ETF 0.1 7 50 5.8 -1.5
INEQ Columbia International Equity Income ETF 0.1 45 12 7.8 +0.5
IPAC iShares Core MSCI Pacific ETF 0.1 9 48 5.7 -1.5
WSML iShares MSCI World Small-Cap ETF 0.0 15 42 5.6 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 15 4.2 -3.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 34 6.4 -0.9
APIE ActivePassive International Equity ETF 0.0 45 12 6.6 -0.6
XT iShares Exponential Technologies ETF 0.0 46 11 4.3 -3.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 32 7.9 +0.6
AVDE Avantis International Equity ETF 0.0 23 34 6.4 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 17 5.8 -1.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 39 6.2 -1.1
VEA Vanguard FTSE Developed Markets ETF 0.0 3 54 6.2 -1.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 50 6.2 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 54 6.1 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 53 6.2 -1.1
SCHF Schwab International Equity ETF 0.0 6 51 6.3 -1.0
DWM WisdomTree International Equity Fund 0.0 48 9 5.7 -1.5
BKIE BNY Mellon International Equity ETF 0.0 4 53 6.1 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 37 6.0 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 12 7.2 -0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -29 11.6 +4.3
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 7.1 -0.2

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 11.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 7.3 %
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.