ProShares S&P Global Core Battery Metals ETF
ALTAR
Score™		 9.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 30.3x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ION tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries.

FUND BASICS
Category Global Equities
Fund Sponsor ProShares
Website www.proshares.com/our-etfs/strategic/ion
Inception date Nov 29, 2022
Assets (mns) $3
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $7,928
Large cap (>$10bn) 16.8%
Mid cap ($2-10bn) 51.6%
Small cap (<$2bn) 31.6%
Developed mkts 41.8%
Emerging mkts 55.7%

TOP TEN HOLDINGS
ZANGGE MINING COMPANY LIMITED CLAS 4.5 %
PACIFIC METALS CO LTD 4.4 %
TIBET MINERAL DEVELOPMENT CO. LTD. 4.1 %
QUIMICA Y MINERA CHIL-SP ADR 3.7 %
SINOMINE RESOURCE GROUP CO., LTD. 3.6 %
AMG ADVANCED METALLURGICAL 3.5 %
JINCHUAN GROUP INTERNATIONAL RESOU 3.4 %
INTERNATIONAL NICKEL INDONES 3.3 %
GANFENG LITHIUM CO., LTD. CLASS H 3.2 %
QINGHAI SALT LAKE POTASH -A 3.2 %
Total 36.9 %

TOP COUNTRY EXPOSURE
CHINA 22.8 %
AUSTRALIA 18.4 %
SOUTH AFRICA 8.1 %
CANADA 7.7 %
INDONESIA 7.2 %
JAPAN 5.1 %
HONG KONG 4.7 %
CHILE 3.3 %
UNITED STATES 3.0 %
FRANCE 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.1% 18.1% -- -- -9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.71 14%
MSCI EAFE 0.88 25%
MSCI Emg. Mkts. 1.14 32%

Technical Indicators
Recent close $34.80
30d moving avg. $32.81
Annualized volatility 23.9%
Short interest (ETF) 9.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 2.7%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $2,048

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 450 potential alternatives to the ProShares S&P Global Core Battery Metals ETF ETF based on the alternatives' overlap in portfolio holdings with ION. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ION Expense: 58 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ION
Ticker Fund
Name		 Overlap1
vs ION
(%)		 Expense
ratio
(bp)		 Savings
vs ION
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ION
(%)
LIMI Themes Lithium & Battery Metal Miners ETF 23.5 35 23 7.1 -2.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 23.1 85 -27 8.7 -1.0
DMAT Global X Disruptive Materials ETF 22.0 59 -1 7.8 -1.9
GMET VanEck Green Metals ETF 20.0 63 -5 9.1 -0.6
LIT Global X Lithium & Battery Tech ETF 17.7 75 -17 4.8 -4.9
SETM Sprott Energy Transition Materials ETF 17.5 65 -7 2.8 -6.9
BATT Amplify Lithium & Battery Technology ETF 16.9 59 -1 3.6 -6.1
REMX VanEck Rare Earth/Strategic Metals ETF 15.7 54 4 3.8 -5.9
LITP Sprott Lithium Miners ETF 14.6 65 -7 2.0 -7.7
PICK iShares MSCI Global Metals & Mining Producers ETF 11.3 39 19 12.7 +3.0
ILIT iShares Lithium Miners and Producers ETF 11.1 47 11 6.8 -2.9
COPX Global X Copper Miners ETF 11.1 65 -7 7.6 -2.1
COPA Themes Copper Miners ETF 10.8 35 23 5.9 -3.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.0 72 -14 -0.9 -10.6
EV Mast Global Battery Recycling & Production ETF 9.3 65 -7 10.5 +0.8
NIKL Sprott Nickel Miners ETF 9.3 75 -17 10.1 +0.4
ICOP iShares Copper and Metals Mining ETF 9.0 47 11 8.6 -1.1
CCNR ALPS CoreCommodity Natural Resources ETF 7.6 39 19 11.0 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 6.5 46 12 9.9 +0.2
IDRV iShares Self-driving EV & Tech ETF 6.0 47 11 1.8 -7.9
AFK VanEck Africa Index ETF 6.0 98 -40 12.0 +2.3
DRIV Global X Autonomous & Electric Vehicles ETF 5.9 68 -10 5.0 -4.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 5.3 45 13 4.0 -5.7
CGXU Capital Group International Focus Equity ETF 4.5 54 4 5.6 -4.1
FIVA Fidelity International Value Factor ETF 4.0 18 40 9.9 +0.2
HAP VanEck Natural Resources ETF 3.9 50 8 9.4 -0.3
GNR SPDR S&P Global Natural Resources ETF 3.9 40 18 11.0 +1.3
MXI iShares Global Materials ETF 3.8 41 17 7.6 -2.1
EZA iShares MSCI South Africa ETF 3.8 58 0 10.4 +0.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 -21 9.0 -0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 3.3 60 -2 4.1 -5.6
FLAU Franklin FTSE Australia ETF 3.2 9 49 6.1 -3.6
DIVI Franklin International Core Dividend Tilt Index ETF 3.1 9 49 7.9 -1.8
COPJ Sprott Junior Copper Miners ETF 2.9 75 -17 2.5 -7.2
ACES ALPS Clean Energy ETF 2.9 55 3 -3.5 -13.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 2.9 58 0 -2.3 -11.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 2.9 40 18 7.6 -2.1
FNDF Schwab Fundamental International Large Co. Index ETF 2.8 25 33 9.6 -0.1
IPAC iShares Core MSCI Pacific ETF 2.8 9 49 6.3 -3.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.8 19 39 5.8 -3.9
ZSB USCF Sustainable Battery Metals Strategy Fund 2.7 61 -3 8.4 -1.3
SILJ ETFMG Prime Junior Silver Miners ETF 2.6 69 -11 2.6 -7.1
VPL Vanguard FTSE Pacific ETF 2.6 7 51 6.8 -2.9
EWA iShares MSCI Australia ETF 2.6 50 8 5.6 -4.1
URA Global X Uranium ETF 2.5 69 -11 1.7 -8.0
FLGB Franklin FTSE United Kingdom ETF 2.5 9 49 7.6 -2.1
KNO AXS Knowledge Leaders ETF 2.4 78 -20 6.0 -3.7
IVLU iShares MSCI Intl Value Factor ETF 2.3 30 28 10.4 +0.7
EPP iShares MSCI Pacific ex-Japan ETF 2.3 47 11 5.1 -4.6
TTAI FCF International Quality ETF 2.3 59 -1 7.2 -2.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.3 58 0 7.1 -2.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 -2 10.8 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 2.2 42 16 7.3 -2.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.2 65 -7 12.1 +2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.2 90 -32 7.0 -2.7
EFV iShares MSCI EAFE Value ETF 2.2 34 24 9.1 -0.6
FTHF First Trust Emerging Markets Human Flourishing ETF 2.2 75 -17 8.6 -1.1
CARZ First Trust NASDAQ Global Auto Index Fund 2.2 70 -12 4.8 -4.9
VYMI Vanguard International High Dividend Yield ETF 2.2 17 41 9.5 -0.2
PPIE Putnam PanAgora ESG International Equity ETF 2.2 49 9 7.4 -2.3
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.2 85 -27 3.9 -5.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.1 35 23 6.6 -3.1
DOL WisdomTree International LargeCap Dividend Fund 2.1 48 10 7.2 -2.5
GCOW Pacer Global Cash Cows Dividend ETF 2.1 60 -2 10.9 +1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 -12 13.1 +3.4
CGV Conductor Global Equity Value ETF 2.0 130 -72 8.3 -1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.0 45 13 8.8 -0.8
VWID Virtus WMC International Dividend ETF 2.0 49 9 8.5 -1.2
IQLT iShares MSCI Intl Quality Factor ETF 1.9 30 28 6.3 -3.4
LVHI Franklin International Low Volatility High Dividend Index ET 1.9 40 18 10.3 +0.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.9 70 -12 7.6 -2.1
IDHQ Invesco S&P International Developed High Quality ETF 1.9 29 29 6.6 -3.1
SCHY Schwab International Dividend Equity ETF 1.9 14 44 9.7 -0.0
UMMA Wahed Dow Jones Islamic World ETF 1.9 65 -7 5.4 -4.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.9 30 28 7.0 -2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 1.9 20 38 7.1 -2.6
STXI Strive International Developed Markets ETF 1.8 29 29 6.7 -3.0
BKIE BNY Mellon International Equity ETF 1.8 4 54 7.0 -2.7
GSID Goldman Sachs MarketBeta International Equity ETF 1.8 20 38 6.9 -2.8
PBW Invesco WilderHill Clean Energy ETF 1.8 66 -8 -3.7 -13.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.8 36 22 6.5 -3.2
BBCA JPMorgan BetaBuilders Canada ETF 1.7 19 39 6.3 -3.4
DIHP Dimensional International High Profitability ETF 1.7 29 29 7.2 -2.5
IDX VanEck Indonesia Index ETF 1.7 57 1 7.2 -2.5
JPIN J.P. Morgan Diversified Return International Equity ETF 1.7 37 21 8.3 -1.4
COPY Tweedy, Browne Insider + Value ETF 1.7 80 -22 11.8 +2.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.7 20 38 6.5 -3.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.7 45 13 10.7 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.6 83 -25 9.4 -0.3
WWJD Inspire International ETF 1.6 80 -22 7.3 -2.4
EFA iShares MSCI EAFE ETF 1.6 35 23 6.7 -3.0
DFIV Dimensional International Value ETF 1.6 27 31 9.6 -0.1
FCA First Trust China AlphaDEX Fund 1.6 80 -22 8.3 -1.4
DWM WisdomTree International Equity Fund 1.6 48 10 7.4 -2.3
JHMD John Hancock Multifactor Developed International ETF 1.6 39 19 7.6 -2.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.5 39 19 -0.9 -10.6
GOEX Global X Gold Explorers ETF 1.5 65 -7 3.3 -6.4
SCHF Schwab International Equity ETF 1.5 6 52 7.3 -2.4
DTH WisdomTree International High Dividend Fund 1.5 58 0 8.4 -1.3
GVAL Cambria Global Value ETF 1.5 68 -10 10.5 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.5 25 33 7.1 -2.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 -7 6.9 -2.8
KALL KraneShares MSCI All China Index ETF 1.5 49 9 14.9 +5.2
GDX VanEck Gold Miners ETF 1.5 51 7 3.6 -6.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 40 18 7.4 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.5 49 9 15.9 +6.3
FENI Fidelity Enhanced International ETF 1.5 28 30 6.6 -3.1
IMFL Invesco International Developed Dynamic Multifactor ETF 1.4 34 24 6.1 -3.6
IEFA iShares Core MSCI EAFE ETF 1.4 7 51 7.0 -2.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.4 42 16 7.2 -2.5
IVRA Invesco Real Assets ESG ETF 1.4 59 -1 6.3 -3.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 40 7.9 -1.8
IVAL Alpha Architect International Quantitative Value ETF 1.4 49 9 9.8 +0.1
EWD iShares MSCI Sweden ETF 1.4 54 4 5.4 -4.3
IYM iShares U.S. Basic Materials ETF 1.4 40 18 6.0 -3.7
DFAI Dimensional International Core Equity Market ETF 1.4 18 40 7.1 -2.6
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 11 8.9 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 1.4 4 54 7.0 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 17 7.5 -2.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.3 80 -22 13.8 +4.1
VEA Vanguard FTSE Developed Markets ETF 1.3 3 55 7.2 -2.5
RING iShares MSCI Global Gold Miners ETF 1.3 39 19 4.7 -5.0
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 28 7.7 -2.0
AGMI Themes Silver Miners ETF 1.3 35 23 5.6 -4.1
DXJ WisdomTree Japan Hedged Equity Fund 1.3 48 10 7.5 -2.2
FJP First Trust Japan AlphaDEX Fund 1.3 80 -22 8.9 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 55 7.0 -2.7
XLB Materials Select Sector SPDR Fund 1.3 8 50 6.3 -3.4
JPXN iShares JPX-Nikkei 400 ETF 1.3 48 10 6.7 -3.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 24 7.8 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 54 8.1 -1.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 23 6.1 -3.6
DXIV Dimensional International Vector Equity ETF 1.2 34 24 7.8 -1.9
INTF iShares International Equity Factor ETF 1.2 15 43 7.6 -2.1
NANR SPDR S&P North American Natural Resources ETF 1.2 35 23 7.9 -1.8
EIDO iShares MSCI Indonesia ETF 1.2 59 -1 8.1 -1.6
PBD Invesco Global Clean Energy ETF 1.2 75 -17 -0.3 -10.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 17 6.8 -2.9
SPHB Invesco S&P 500 High Beta ETF 1.2 25 33 4.6 -5.1
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 51 7.9 -1.8
ALTL Pacer Lunt Large Cap Alternator ETF 1.1 60 -2 4.2 -5.5
FPAG FPA Global Equity ETF 1.1 49 9 5.7 -4.0
EWU iShares MSCI United Kingdom ETF 1.1 50 8 8.1 -1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 19 7.9 -1.8
INEQ Columbia International Equity Income ETF 1.1 45 13 8.1 -1.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 33 7.0 -2.7
EWJV iShares MSCI Japan Value ETF 1.1 15 43 8.8 -0.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 38 6.7 -3.0
DFEV Dimensional Emerging Markets Value ETF 1.1 43 15 13.4 +3.7
FLCH Franklin FTSE China ETF 1.1 19 39 16.0 +6.3
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 3 7.9 -1.8
DFIC Dimensional International Core Equity 2 ETF 1.1 23 35 7.4 -2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 11 8.4 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 1.1 50 8 12.1 +2.4
FICS First Trust International Developed Capital Strength ETF 1.1 70 -12 7.3 -2.4
DVYA iShares Asia/Pacific Dividend ETF 1.1 49 9 7.7 -2.0
IDV iShares International Select Dividend ETF 1.1 51 7 10.6 +0.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 26 16.1 +6.4
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -17 4.8 -4.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 20 9.3 -0.4
JIRE JPMorgan International Research Enhanced Equity ETF 1.1 24 34 7.2 -2.5
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 9 5.8 -3.9
BLES Inspire Global Hope ETF 1.1 61 -3 6.8 -2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.1 39 19 6.7 -3.0
AVDE Avantis International Equity ETF 1.0 23 35 7.4 -2.3
EWJ iShares MSCI Japan ETF 1.0 50 8 6.2 -3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.0 30 28 7.9 -1.8
ABEQ Absolute Select Value ETF 1.0 85 -27 4.7 -5.0
FLCA Franklin FTSE Canada ETF 1.0 9 49 6.5 -3.2
IGE iShares North American Natural Resources ETF 1.0 41 17 7.5 -2.2
BEEX BeeHive ETF 1.0 84 -26 4.3 -5.4
VXUS Vanguard Total International Stock ETF 1.0 5 53 7.9 -1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.0 58 0 6.9 -2.8
FXZ First Trust Materials AlphaDEX Fund 1.0 61 -3 9.9 +0.3
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 23 4.8 -4.9
BBJP JPMorgan BetaBuilders Japan ETF 1.0 19 39 6.8 -2.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -12 7.8 -1.9
IQSI IQ Candriam International Equity ETF 1.0 15 43 6.6 -3.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -22 9.6 -0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 34 7.4 -2.3
FIDI Fidelity International High Dividend ETF 1.0 18 40 8.7 -1.0
JCHI JPMorgan Active China ETF 1.0 65 -7 15.5 +5.8
JHID John Hancock International High Dividend ETF 1.0 46 12 9.5 -0.2
ECNS iShares MSCI China Small-Cap ETF 0.9 59 -1 8.0 -1.7
FLJH Franklin FTSE Japan Hedged ETF 0.9 9 49 6.1 -3.6
FLJP Franklin FTSE Japan ETF 0.9 9 49 6.3 -3.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 19 16.5 +6.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 11 6.2 -3.5
XT iShares Exponential Technologies ETF 0.9 46 12 4.9 -4.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.9 12 46 6.0 -3.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 8 11.1 +1.4
RODE Hartford Multifactor Diversified International ETF 0.9 29 29 11.4 +1.7
FDEV Fidelity International Multifactor ETF 0.9 18 40 7.5 -2.2
IBAT iShares Energy Storage & Materials ETF 0.9 47 11 3.8 -5.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.9 42 16 5.4 -4.3
FXI iShares China Large-Cap ETF 0.9 74 -16 18.7 +9.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 26 9.3 -0.4
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 23 9.4 -0.3
FLEE Franklin FTSE Europe ETF 0.8 9 49 7.3 -2.4
EWC iShares MSCI Canada ETF 0.8 50 8 6.1 -3.6
DVYE iShares Emerging Markets Dividend ETF 0.8 49 9 18.5 +8.8
ECON Columbia Emerging Markets Consumer ETF 0.8 49 9 12.6 +3.0
RXI iShares Global Consumer Discretionary ETF 0.8 41 17 9.3 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 49 7.2 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.8 11 47 6.6 -3.1
AVIV Avantis International Large Cap Value ETF 0.8 25 33 8.6 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 12 6.7 -3.0
VWO Vanguard FTSE Emerging Markets ETF 0.8 7 51 10.3 +0.6
GXC SPDR S&P China ETF 0.8 59 -1 15.4 +5.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 26 7.0 -2.7
EPOL iShares MSCI Poland ETF 0.8 59 -1 11.3 +1.6
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 41 14.1 +4.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 9 10.3 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -7 8.1 -1.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 17 8.7 -1.0
AVSD Avantis Responsible International Equity ETF 0.7 23 35 5.7 -4.0
MCHI iShares MSCI China ETF 0.7 59 -1 17.7 +8.0
TPIF Timothy Plan International ETF 0.7 62 -4 6.2 -3.5
FPXI First Trust International Equity Opportunities ETF 0.7 70 -12 4.2 -5.5
TCHI iShares MSCI China Multisector Tech ETF 0.7 59 -1 16.6 +6.9
EFG iShares MSCI EAFE Growth ETF 0.7 36 22 4.4 -5.3
FEP First Trust Europe AlphaDEX Fund 0.7 80 -22 9.1 -0.6
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 33 5.3 -4.4
AVEM Avantis Emerging Markets Equity ETF 0.7 33 25 8.8 -0.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.7 33 25 8.8 -0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 50 6.1 -3.6
CIL VictoryShares International Volatility Wtd ETF 0.7 45 13 6.6 -3.1
DEW WisdomTree Global High Dividend Fund 0.7 58 0 8.4 -1.3
FMAT Fidelity MSCI Materials Index ETF 0.7 8 50 6.0 -3.7
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 43 7.5 -2.2
VAW Vanguard Materials ETF 0.7 9 49 6.0 -3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.7 29 29 7.7 -2.0
EXI iShares Global Industrials ETF 0.6 42 16 4.5 -5.2
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 51 10.7 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.6 9 49 10.6 +0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.6 36 22 8.0 -1.7
MCH Matthews China Active ETF 0.6 79 -21 14.3 +4.6
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 38 6.4 -3.3
RCGE RockCreek Global Equality ETF 0.6 95 -37 6.7 -3.0
QWLD SPDR MSCI World StrategicFactors ETF 0.6 30 28 5.9 -3.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 27 6.3 -3.4
VSGX Vanguard ESG International Stock ETF 0.6 10 48 7.7 -2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.6 30 28 10.6 +0.9
SCHE Schwab Emerging Markets Equity ETF 0.6 11 47 11.1 +1.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 43 8.1 -1.6
QINT American Century Quality Diversified International ETF 0.6 39 19 7.3 -2.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.6 25 33 5.9 -3.8
AVES Avantis Emerging Markets Value ETF 0.6 36 22 11.1 +1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -22 5.0 -4.7
DGT SPDR Global Dow ETF 0.6 50 8 7.0 -2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.6 32 26 6.0 -3.7
PID Invesco International Dividend Achievers ETF 0.6 53 5 5.5 -4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 14 10.7 +1.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.6 70 -12 4.8 -4.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.6 14 44 6.2 -3.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.6 11 47 10.2 +0.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -22 11.2 +1.5
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 33 10.4 +0.7
EEM iShares MSCI Emerging Markets ETF 0.5 69 -11 10.5 +0.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 28 5.5 -4.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 25 10.2 +0.5
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.5 55 3 7.1 -2.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -21 0.4 -9.3
RAYC Rayliant Quantamental China Equity ETF 0.5 80 -22 7.4 -2.3
MINV Matthews Asia Innovators Active ETF 0.5 79 -21 7.4 -2.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.5 49 9 6.1 -3.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.5 20 38 6.3 -3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 -8 9.7 +0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 22 10.0 +0.3
BKF iShares MSCI BIC ETF 0.5 69 -11 13.8 +4.1
VIDI Vident International Equity Strategy ETF 0.5 61 -3 10.9 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 9 9.6 -0.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 18 6.9 -2.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 49 5.2 -4.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 49 5.7 -4.0
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 33 6.3 -3.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.5 65 -7 4.9 -4.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 43 6.0 -3.7
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 -17 11.0 +1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.5 15 43 7.8 -1.9
EMM Global X Emerging Markets ex-China ETF 0.5 75 -17 6.5 -3.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 33 7.3 -2.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.5 65 -7 4.3 -5.4
FKU First Trust United Kingdom AlphaDEX Fund 0.5 80 -22 7.3 -2.4
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 34 6.3 -3.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 39 9.4 -0.3
ACWI iShares MSCI ACWI ETF 0.4 32 26 5.5 -4.2
STXE Strive Emerging Markets Ex-China ETF 0.4 32 26 7.9 -1.8
VT Vanguard Total World Stock ETF 0.4 6 52 5.9 -3.8
DWMF WisdomTree International Multifactor Fund 0.4 38 20 7.0 -2.7
VGK Vanguard FTSE Europe ETF 0.4 6 52 7.5 -2.2
URTH iShares MSCI World ETF 0.4 24 34 5.1 -4.6
IOO iShares Global 100 ETF 0.4 41 17 4.8 -4.9
IEV iShares Europe ETF 0.4 67 -9 6.9 -2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 33 11.9 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 0.4 25 33 7.8 -1.9
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 48 5.7 -4.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.4 15 43 10.4 +0.7
AVDS Avantis International Small Cap Equity ETF 0.4 30 28 7.3 -2.4
TOK iShares MSCI Kokusai ETF 0.4 26 32 5.0 -4.7
EWN iShares MSCI Netherlands ETF 0.4 50 8 5.6 -4.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 5 7.9 -1.8
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 42 8.6 -1.1
SPEU SPDR Portfolio Europe ETF 0.4 7 51 7.4 -2.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 23 18.6 +8.9
IEUR iShares Core MSCI Europe ETF 0.4 11 47 7.4 -2.3
SDY SPDR S&P Dividend ETF 0.4 35 23 6.6 -3.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 49 9.1 -0.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 25 8.6 -1.1
WLDR Affinity World Leaders Equity ETF 0.3 67 -9 7.5 -2.2
DIM WisdomTree International MidCap Dividend Fund 0.3 58 0 7.5 -2.2
CGDV Capital Group Dividend Value ETF 0.3 33 25 4.5 -5.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 9 10.4 +0.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 9 6.8 -2.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 36 5.8 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 38 6.8 -2.9
LIVR Intelligent Livermore ETF 0.3 69 -11 5.4 -4.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -22 9.1 -0.6
WRND IQ Global Equity R&D Leaders ETF 0.3 18 40 8.2 -1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -12 9.5 -0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 16 9.7 +0.1
XCEM Columbia EM Core ex-China ETF 0.3 16 42 8.4 -1.3
GLOF iShares Global Equity Factor ETF 0.3 20 38 6.5 -3.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 54 6.1 -3.6
CGGO Capital Group Global Growth Equity ETF 0.3 47 11 4.7 -5.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 20 4.5 -5.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 -1 9.0 -0.7
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 26 6.3 -3.4
BIBL Inspire 100 ETF 0.3 35 23 5.1 -4.6
CGGR Capital Group Growth ETF 0.3 39 19 3.1 -6.6
STXM Strive Mid-Cap ETF 0.2 18 40 6.1 -3.6
CVAR Cultivar ETF 0.2 87 -29 6.8 -2.9
VBR Vanguard Small Cap Value ETF 0.2 7 51 9.1 -0.6
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 38 6.5 -3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 34 8.2 -1.5
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 52 9.2 -0.5
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 54 6.6 -3.1
CNYA iShares MSCI China A ETF 0.2 60 -2 6.3 -3.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 0 9.8 +0.1
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -7 4.1 -5.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 13 10.5 +0.8
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 -1 4.3 -5.4
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 8 6.6 -3.1
ISCB iShares Morningstar Small-Cap ETF 0.2 4 54 6.2 -3.5
CZAR Themes Natural Monopoly ETF 0.2 35 23 5.7 -4.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 41 5.7 -4.0
DISV Dimensional International Small Cap Value ETF 0.2 42 16 9.1 -0.6
DFIS Dimensional International Small Cap ETF 0.2 39 19 7.3 -2.4
DFAS Dimensional U.S. Small Cap ETF 0.1 26 32 6.3 -3.4
VB Vanguard Small-Cap ETF 0.1 5 53 6.1 -3.6
SMMD iShares Russell 2500 ETF 0.1 15 43 6.1 -3.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 28 9.2 -0.5
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 19 8.6 -1.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 52 2.9 -6.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 35 8.2 -1.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 44 4.8 -4.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 40 6.8 -2.9
SFYX SoFi Next 500 ETF 0.1 0 58 5.7 -4.0
GWX SPDR S&P International Small Cap ETF 0.1 40 18 6.0 -3.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 46 5.5 -4.2
AVDV Avantis International Small Cap Value ETF 0.1 36 22 9.5 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 19 5.8 -3.9
IWS iShares Russell Mid-Cap Value ETF 0.1 23 35 6.7 -3.0
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 16 7.2 -2.5
FLHK Franklin FTSE Hong Kong ETF 0.1 9 49 6.7 -3.0
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 -1 6.7 -3.0
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -17 7.7 -2.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 -5 13.3 +3.6
IWR iShares Russell Midcap ETF 0.1 19 39 5.7 -4.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 16 6.3 -3.4
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 43 6.7 -3.0
PTL Inspire 500 ETF 0.1 9 49 5.2 -4.5
IUS Invesco RAFI Strategic US ETF 0.1 19 39 6.9 -2.8
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 53 7.9 -1.8
STXV Strive 1000 Value ETF 0.1 18 40 8.0 -1.7
DGRO iShares Core Dividend Growth ETF 0.1 8 50 6.5 -3.2
DFUV Dimensional US Marketwide Value ETF 0.1 22 36 7.5 -2.2
DXUV Dimensional US Vector Equity ETF 0.1 28 30 6.2 -3.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 52 7.0 -2.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -17 5.3 -4.4
VIG Vanguard Dividend Appreciation ETF 0.0 5 53 5.6 -4.1
RVRB Reverb ETF 0.0 30 28 4.5 -5.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.0 65 -7 6.4 -3.3
SSPY Syntax Stratified LargeCap ETF 0.0 30 28 6.7 -3.0
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 46 7.4 -2.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 33 7.2 -2.5
PFM Invesco Dividend Achievers ETF 0.0 53 5 5.3 -4.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 33 7.2 -2.5
IVE iShares S&P 500 Value ETF 0.0 18 40 6.1 -3.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.0 4 54 6.3 -3.4
VOOV Vanguard S&P 500 Value ETF 0.0 7 51 6.3 -3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 46 5.2 -4.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 19 6.8 -2.9
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 54 6.7 -3.0
IUSV iShares Core S&P US Value ETF 0.0 4 54 6.4 -3.3
RWL Invesco S&P 500 Revenue ETF 0.0 39 19 6.8 -2.9
IWD iShares Russell 1000 Value ETF 0.0 19 39 6.4 -3.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 43 4.6 -5.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 29 5.3 -4.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 38 5.0 -4.7
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 48 5.1 -4.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 49 5.5 -4.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 46 6.5 -3.2
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 43 6.0 -3.7
DSI iShares MSCI KLD 400 Social ETF 0.0 25 33 4.8 -4.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 13 4.4 -5.3
VONV Vanguard Russell 1000 Value ETF 0.0 7 51 6.5 -3.2
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 9 4.8 -4.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 13 6.9 -2.8
AVUS Avantis U.S. Equity ETF 0.0 15 43 5.7 -4.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 56 4.9 -4.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 39 6.3 -3.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 49 4.8 -4.9
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 49 4.9 -4.8
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 49 4.6 -5.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 33 5.6 -4.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 47 4.9 -4.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 29 4.6 -5.1
DIVB iShares Core Dividend ETF 0.0 5 53 8.0 -1.7
XVV iShares ESG Screened S&P 500 ETF 0.0 8 50 4.8 -4.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 47 5.1 -4.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 38 4.7 -5.0
SCHX Schwab U.S. Large-Cap ETF 0.0 3 55 4.9 -4.8
IVV iShares Core S&P 500 ETF 0.0 3 55 4.9 -4.8
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 56 4.9 -4.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 55 5.1 -4.6
SPY SPDR S&P 500 ETF Trust 0.0 9 49 4.9 -4.8
VOO Vanguard S&P 500 ETF 0.0 3 55 5.0 -4.7
SCHK Schwab 1000 Index ETF 0.0 5 53 5.0 -4.7
IWB iShares Russell 1000 ETF 0.0 15 43 4.8 -4.9
IYY iShares Dow Jones U.S. ETF 0.0 20 38 4.8 -4.9
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 40 5.1 -4.6
VONE Vanguard Russell 1000 ETF 0.0 7 51 4.9 -4.8
VTHR Vanguard Russell 3000 ETF 0.0 7 51 4.8 -4.9
VTI Vanguard Total Stock Market ETF 0.0 3 55 4.9 -4.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 55 5.0 -4.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 55 4.9 -4.8
IWV iShares Russell 3000 ETF 0.0 20 38 4.7 -5.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 41 5.5 -4.2
ACVF American Conservative Values ETF 0.0 75 -17 4.3 -5.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 41 7.0 -2.7
HKND Humankind US Stock ETF 0.0 11 47 7.1 -2.6
DFUS Dimensional U.S. Equity ETF 0.0 9 49 4.8 -4.9
STXG Strive 1000 Growth ETF 0.0 18 40 3.8 -5.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -7 7.8 -1.9
GSPY Gotham Enhanced 500 ETF 0.0 50 8 5.2 -4.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 46 5.0 -4.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 40 5.3 -4.4
DCOR Dimensional US Core Equity 1 ETF 0.0 14 44 5.3 -4.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 46 4.5 -5.2

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:		 ProShares S&P Global Core Battery Metals ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.58
 
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.