iShares JPX-Nikkei 400 ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.2x P/Sales
ratio		 1.0x
P/BV
ratio		 1.4x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares JPX-Nikkei 400 ETF tracks the investment results of a broad-based benchmark composed of Japanese equities that have been selected based on perceived shareholder-friendly activities.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Oct 23, 2001
Assets (mns) $143
Currency USD
Expense ratio 48 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 392
Wgt avg mkt cap (mns) $47,748
Large cap (>$10bn) 65.9%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 4.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MITSUI & CO LTD 2.4 %
MITSUBISHI CORP 2.2 %
ADVANTEST CORP 2.0 %
MIZUHO FINANCIAL GROUP INC 2.0 %
SUMITOMO MITSUI FINANCIAL GR 1.8 %
TOKYO ELECTRON LTD 1.8 %
MITSUBISHI ELECTRIC CORP 1.7 %
MITSUBISHI UFJ FINANCIAL GRO 1.6 %
MITSUBISHI HEAVY INDUSTRIES 1.6 %
SOFTBANK GROUP CORP. 1.6 %
Total 18.6 %

TOP COUNTRY EXPOSURE
JAPAN 97.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.7% 29.3% 7.0% 8.5% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.78 50%
MSCI EAFE 1.04 79%
MSCI Emg. Mkts. 0.76 54%

Technical Indicators
Recent close $95.06
30d moving avg. $92.42
Annualized volatility 13.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 42
Turnover 2.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $18,552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 364 potential alternatives to the iShares JPX-Nikkei 400 ETF ETF based on the alternatives' overlap in portfolio holdings with JPXN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JPXN Expense: 48 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JPXN
Ticker Fund
Name		 Overlap1
vs JPXN
(%)		 Expense
ratio
(bp)		 Savings
vs JPXN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JPXN
(%)
FLJP Franklin FTSE Japan ETF 76.5 9 39 5.5 -0.0
FLJH Franklin FTSE Japan Hedged ETF 75.4 9 39 5.3 -0.2
BBJP JPMorgan BetaBuilders Japan ETF 75.3 19 29 5.4 -0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 73.9 47 1 4.8 -0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 67.6 25 23 5.6 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 58.8 48 0 5.4 -0.1
IPAC iShares Core MSCI Pacific ETF 54.0 9 39 5.5 +0.0
EWJV iShares MSCI Japan Value ETF 48.6 15 33 7.0 +1.5
VPL Vanguard FTSE Pacific ETF 44.2 7 41 5.5 0.0
FJP First Trust Japan AlphaDEX Fund 29.1 80 -32 7.3 +1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 26.4 12 36 5.0 -0.5
IVLU iShares MSCI Intl Value Factor ETF 26.4 30 18 8.1 +2.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 24.9 35 13 5.7 +0.1
JIVE JPMorgan International Value ETF 23.8 55 -7 8.4 +2.9
IQSI IQ Candriam International Equity ETF 23.6 15 33 5.6 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.1 14 34 5.4 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 21.9 20 28 5.9 +0.3
EFG iShares MSCI EAFE Growth ETF 21.1 36 12 3.8 -1.7
EFA iShares MSCI EAFE ETF 20.9 35 13 5.7 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 20.8 20 28 5.8 +0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 20.7 20 28 5.8 +0.3
PATN Pacer Nasdaq International Patent Leaders ETF 20.7 65 -17 4.7 -0.8
JHMD John Hancock Multifactor Developed International ETF 20.6 39 9 6.1 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 20.5 20 28 5.6 +0.1
VIGI Vanguard International Dividend Appreciation ETF 20.4 10 38 6.1 +0.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 20.3 58 -10 5.3 -0.2
EFV iShares MSCI EAFE Value ETF 20.2 34 14 7.5 +2.0
IEFA iShares Core MSCI EAFE ETF 20.2 7 41 6.0 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 20.0 9 39 6.6 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.9 45 3 6.9 +1.4
FENI Fidelity Enhanced International ETF 19.8 28 20 5.8 +0.3
DIHP Dimensional International High Profitability ETF 19.8 29 19 5.7 +0.2
IMTM iShares MSCI Intl Momentum Factor ETF 19.8 30 18 4.7 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 19.7 25 23 7.5 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.7 36 12 5.4 -0.1
JIRE JPMorgan International Research Enhanced Equity ETF 19.7 24 24 5.8 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 19.2 30 18 6.0 +0.5
BKIE BNY Mellon International Equity ETF 19.1 4 44 6.0 +0.5
IVSI Applied Finance IVS International LrgETF 19.0 65 -17 6.0 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 18.5 24 24 6.8 +1.3
STXI Strive International Developed Markets ETF 18.4 29 19 6.2 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.2 39 9 6.1 +0.6
DFAI Dimensional International Core Equity Market ETF 18.0 18 30 6.0 +0.5
SCHF Schwab International Equity ETF 18.0 6 42 6.1 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 18.0 3 45 5.9 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 17.9 4 44 6.0 +0.5
IGRO iShares International Dividend Growth ETF 17.8 15 33 6.7 +1.2
DWM WisdomTree International Equity Fund 17.7 48 0 5.6 +0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 17.4 40 8 5.6 +0.1
DFIV Dimensional International Value ETF 17.0 27 21 7.7 +2.2
INTF iShares International Equity Factor ETF 17.0 15 33 6.4 +0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 17.0 31 17 5.6 +0.1
VEA Vanguard FTSE Developed Markets ETF 16.6 3 45 6.0 +0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 16.5 80 -32 6.7 +1.2
TPIF Timothy Plan International ETF 16.4 62 -14 5.5 -0.0
DIM WisdomTree International MidCap Dividend Fund 16.4 58 -10 6.1 +0.6
FIVA Fidelity International Value Factor ETF 16.3 18 30 7.5 +2.0
JPIN J.P. Morgan Diversified Return International Equity ETF 16.3 37 11 7.0 +1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.3 20 28 5.6 +0.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.2 12 36 5.3 -0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 16.2 22 26 5.5 -0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.1 25 23 6.1 +0.6
INEQ Columbia International Equity Income ETF 16.1 45 3 7.5 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 16.1 83 -35 7.6 +2.1
CIL VictoryShares International Volatility Wtd ETF 16.1 45 3 5.8 +0.3
DOL WisdomTree International LargeCap Dividend Fund 15.2 48 0 5.7 +0.2
DFIC Dimensional International Core Equity 2 ETF 15.2 23 25 6.2 +0.7
DFSI Dimensional International Sustainability Core 1 ETF 15.1 24 24 5.6 +0.1
PPIE Putnam PanAgora ESG International Equity ETF 14.8 49 -1 6.4 +0.9
CGIE Capital Group International Equity ETF 14.7 54 -6 4.6 -0.9
UMMA Wahed Dow Jones Islamic World ETF 14.4 65 -17 3.9 -1.6
IMFL Invesco International Developed Dynamic Multifactor ETF 14.3 34 14 5.2 -0.3
RAYJ Rayliant SMDAM Japan Equity ETF 14.3 72 -24 3.1 -2.5
IQDG WisdomTree International Quality Dividend Growth Fund 14.2 42 6 5.7 +0.1
IDHQ Invesco S&P International Developed High Quality ETF 14.1 29 19 5.5 +0.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.1 58 -10 5.4 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.9 39 9 7.0 +1.4
AVDE Avantis International Equity ETF 13.5 23 25 6.1 +0.6
QINT American Century Quality Diversified International ETF 13.5 39 9 6.6 +1.0
EXI iShares Global Industrials ETF 13.2 42 6 3.5 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.2 18 30 6.5 +1.0
CWI SPDR MSCI ACWI ex-US ETF 13.2 30 18 6.5 +1.0
AVSD Avantis Responsible International Equity ETF 13.1 23 25 6.0 +0.5
DWMF WisdomTree International Multifactor Fund 13.0 38 10 6.6 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 13.0 4 44 6.8 +1.3
VWID Virtus WMC International Dividend ETF 12.9 49 -1 7.2 +1.7
SCJ iShares MSCI Japan Small-Cap ETF 12.8 50 -2 5.6 +0.1
AVIV Avantis International Large Cap Value ETF 12.7 25 23 6.8 +1.3
SCZ iShares MSCI EAFE Small-Cap ETF 12.6 40 8 6.1 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 12.6 34 14 6.4 +0.9
VYMI Vanguard International High Dividend Yield ETF 12.6 17 31 8.0 +2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.5 42 6 4.1 -1.4
IQLT iShares MSCI Intl Quality Factor ETF 12.5 30 18 5.4 -0.1
VXUS Vanguard Total International Stock ETF 12.4 5 43 6.7 +1.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 12.4 65 -17 4.1 -1.5
VSGX Vanguard ESG International Stock ETF 12.3 10 38 6.8 +1.3
DXIV Dimensional International Vector Equity ETF 12.2 34 14 6.5 +1.0
IXUS iShares Core MSCI Total International Stock ETF 12.1 7 41 6.7 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 11.9 32 16 5.2 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.9 41 7 6.2 +0.7
LVHI Franklin International Low Volatility High Dividend Index ET 11.8 40 8 7.4 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.7 47 1 7.5 +2.0
FRGN Horizon International Equity ETF 11.7 75 -27 8.2 +2.6
OEFA ALPS O’Shares International Developed Quality Dividend ETF 10.4 48 0 4.6 -0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.4 30 18 6.4 +0.9
FDEV Fidelity International Multifactor ETF 10.3 18 30 7.0 +1.5
IQDF FlexShares International Quality Dividend Index Fund 10.2 47 1 7.7 +2.2
JHID John Hancock International High Dividend ETF 10.0 46 2 7.9 +2.3
CGXU Capital Group International Focus Equity ETF 9.9 54 -6 4.0 -1.5
UIVM VictoryShares International Value Momentum ETF 9.9 35 13 8.2 +2.7
RXI iShares Global Consumer Discretionary ETF 9.1 41 7 8.0 +2.5
FIDI Fidelity International High Dividend ETF 8.8 18 30 7.0 +1.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.8 50 -2 5.7 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.7 29 19 6.9 +1.4
BULD Pacer BlueStar Engineering the Future ETF 8.6 60 -12 0.4 -5.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.5 80 -32 5.3 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 8.5 39 9 6.7 +1.2
ACWV iShares MSCI Global Min Vol Factor ETF 8.3 20 28 5.7 +0.2
AIVI WisdomTree International AI Enhanced Value Fund 8.2 58 -10 6.1 +0.6
DTAN Sparkline International Intangible Value ETF 8.1 55 -7 7.3 +1.8
RGEF Rockefeller Global Equity ETF 7.5 55 -7 4.0 -1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.4 65 -17 7.7 +2.2
QTUM Defiance Quantum ETF 7.4 40 8 4.7 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 7.3 30 18 5.2 -0.3
WRND IQ Global Equity R&D Leaders ETF 7.2 18 30 4.2 -1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.0 49 -1 6.0 +0.5
DGT State Street SPDR Global Dow ETF 7.0 50 -2 5.9 +0.3
PIEL Pacer International Export Leaders ETF 6.8 60 -12 4.3 -1.2
WWJD Inspire International ETF 6.6 80 -32 6.2 +0.7
KNO AXS Knowledge Leaders ETF 6.6 78 -30 4.5 -1.1
CLNR IQ Cleaner Transport ETF 6.6 45 3 3.9 -1.6
IBOT Vaneck Robotics ETF 6.5 47 1 3.5 -2.0
NXTG First Trust Indxx NextG ETF 6.4 70 -22 4.4 -1.1
JIG JPMorgan International Growth ETF 6.3 55 -7 3.6 -1.9
IDLV Invesco S&P International Developed Low Volatility ETF 6.3 25 23 6.2 +0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.3 9 39 7.5 +2.0
FEOE First Eagle Overseas Equity ETF 6.1 79 -31 6.2 +0.6
WSML iShares MSCI World Small-Cap ETF 6.0 15 33 5.5 +0.0
ITOL Tema International Durable Quality ETF 5.9 60 -12 5.0 -0.5
GCOW Pacer Global Cash Cows Dividend ETF 5.9 60 -12 9.0 +3.5
IXP iShares Global Comm Services ETF 5.7 42 6 5.6 +0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.6 80 -32 3.4 -2.1
GEW Cambria Global EW ETF 5.6 29 19 5.5 +0.0
IXG iShares Global Financials ETF 5.4 42 6 6.4 +0.8
URTH iShares MSCI World ETF 5.4 24 24 4.5 -1.0
DSTX Distillate International Fundamental Stability & Value ETF 5.3 55 -7 6.5 +1.0
CGDG Capital Group Dividend Growers ETF 5.2 47 1 5.1 -0.4
GLOF iShares Global Equity Factor ETF 5.2 20 28 5.8 +0.3
AVDS Avantis International Small Cap Equity ETF 5.2 30 18 6.0 +0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 5.1 45 3 -0.9 -6.5
WLDR Affinity World Leaders Equity ETF 5.1 67 -19 6.5 +1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 5.0 42 6 4.4 -1.2
BKCI BNY Mellon Concentrated International ETF 5.0 80 -32 4.9 -0.6
DTH WisdomTree International High Dividend Fund 4.9 58 -10 7.1 +1.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.8 65 -17 1.7 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.8 9 39 5.1 -0.5
FBOT Fidelity Disruptive Automation ETF 4.8 50 -2 3.1 -2.4
ACWI iShares MSCI ACWI ETF 4.7 32 16 4.9 -0.6
VT Vanguard Total World Stock ETF 4.7 6 42 5.2 -0.3
JGLO JPMorgan Global Select Equity ETF 4.7 33 15 4.4 -1.1
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 38 5.2 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.7 20 28 5.0 -0.6
AGQI First Trust Active Global Quality Income ETF 4.6 85 -37 6.5 +1.0
FEGE First Eagle Global Equity ETF 4.6 79 -31 6.1 +0.6
ROBO ROBO Global Robotics & Automation Index ETF 4.5 95 -47 2.7 -2.9
GLBL Pacer MSCI World Industry Advantage ETF 4.5 65 -17 3.7 -1.8
JSTC Adasina Social Justice All Cap Global ETF 4.5 89 -41 4.7 -0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.4 47 1 4.9 -0.6
DWX SPDR S&P International Dividend ETF 4.4 45 3 6.6 +1.1
IVAL Alpha Architect International Quantitative Value ETF 4.4 49 -1 7.5 +2.0
IDMO Invesco S&P International Developed Momentum ETF 4.3 25 23 5.1 -0.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.2 75 -27 2.3 -3.2
KNCT Invesco Next Gen Connectivity ETF 4.1 40 8 3.8 -1.7
IBAT iShares Energy Storage & Materials ETF 4.0 47 1 1.8 -3.7
FYLD Cambria Foreign Shareholder Yield ETF 3.9 59 -11 10.1 +4.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.8 25 23 5.6 +0.1
KXI iShares Global Consumer Staples ETF 3.8 41 7 5.2 -0.3
OSEA Harbor International Compounders ETF 3.8 55 -7 4.1 -1.4
CARZ First Trust NASDAQ Global Auto Index Fund 3.7 70 -22 2.9 -2.6
IXN iShares Global Tech ETF 3.6 41 7 3.3 -2.3
DFIS Dimensional International Small Cap ETF 3.5 39 9 6.1 +0.6
IXJ iShares Global Healthcare ETF 3.5 42 6 6.2 +0.7
BLES Inspire Global Hope ETF 3.5 61 -13 5.9 +0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 3.4 55 -7 5.7 +0.1
DRIV Global X Autonomous & Electric Vehicles ETF 3.3 68 -20 3.5 -2.0
DINT Davis Select International ETF 3.3 55 -7 6.2 +0.6
MXI iShares Global Materials ETF 3.3 41 7 5.7 +0.2
BINV Brandes International ETF 3.3 70 -22 8.4 +2.9
AQLT iShares MSCI Global Quality Factor ETF 3.1 18 30 0.0 -5.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 36 4.6 -0.9
IPKW Invesco International BuyBack Achievers ETF 3.1 55 -7 8.0 +2.5
URA Global X Uranium ETF 3.1 69 -21 0.7 -4.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.1 69 -21 2.0 -3.5
NUKZ Range Nuclear Renaissance Index ETF 3.0 85 -37 1.3 -4.2
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -10 7.3 +1.8
XT iShares Exponential Technologies ETF 3.0 46 2 4.3 -1.2
MJSC MUFG Japan Small Cap Active ETF 2.9 85 -37 4.8 -0.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.9 58 -10 3.5 -2.0
KOCG FIS Knights of Columbus Global Belief ETF 2.9 75 -27 4.4 -1.2
AVDV Avantis International Small Cap Value ETF 2.9 36 12 7.7 +2.2
DFJ WisdomTree Japan SmallCap Dividend Fund 2.8 58 -10 6.6 +1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.7 12 36 8.2 +2.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.5 49 -1 4.6 -0.9
FPXI First Trust International Equity Opportunities ETF 2.5 70 -22 4.0 -1.6
HUMN Roundhill Humanoid Robotics ETF 2.5 75 -27 1.4 -4.2
CGGO Capital Group Global Growth Equity ETF 2.5 47 1 4.4 -1.1
FDTX Fidelity Disruptive Technology ETF 2.5 50 -2 2.1 -3.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 38 8.1 +2.6
BNGE First Trust S-Network Streaming and Gaming ETF 2.4 70 -22 3.0 -2.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.4 75 -27 3.8 -1.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.3 45 3 2.6 -2.9
GINN Goldman Sachs Innovate Equity ETF 2.3 52 -4 4.0 -1.5
MDEV First Trust Indxx Medical Devices ETF 2.2 70 -22 4.8 -0.7
OAIM OneAscent International Equity ETF 2.2 95 -47 4.6 -0.9
ARVR First Trust Indxx Metaverse ETF 2.1 70 -22 4.3 -1.2
DTEC ALPS Disruptive Technologies ETF 2.1 50 -2 4.1 -1.4
IFGL iShares International Developed Real Estate ETF 2.0 48 0 7.0 +1.5
ERET iShares Environmentally Aware Real Estate ETF 2.0 30 18 6.8 +1.3
ARTY iShares Future AI & Tech ETF 2.0 47 1 3.3 -2.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.0 59 -11 4.8 -0.7
BAI iShares AI Innovation and Tech Active ETF 2.0 55 -7 1.2 -4.3
FICS First Trust International Developed Capital Strength ETF 2.0 70 -22 6.7 +1.1
SAGP Strategas Global Policy Opportunities ETF 1.9 65 -17 4.8 -0.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.9 39 9 7.9 +2.4
IOO iShares Global 100 ETF 1.9 41 7 4.1 -1.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.9 80 -32 8.9 +3.4
EV Mast Global Battery Recycling & Production ETF 1.9 65 -17 6.3 +0.7
IQRA IQ CBRE Real Assets ETF 1.8 65 -17 5.7 +0.2
AIQ Global X Artificial Intelligence & Technology ETF 1.8 68 -20 3.4 -2.1
NERD Roundhill Video Games ETF 1.7 50 -2 7.7 +2.2
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 25 7.2 +1.7
AGNG Global X Aging Population ETF 1.7 50 -2 4.1 -1.4
TTAI FCF International Quality ETF 1.7 59 -11 6.6 +1.1
ESPO VanEck Video Gaming and eSports ETF 1.7 56 -8 6.5 +1.0
ODDS Pacer BlueStar Digital Entertainment ETF 1.7 60 -12 4.7 -0.8
METV Roundhill Ball Metaverse ETF 1.7 59 -11 8.6 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 40 6.3 +0.8
DEW WisdomTree Global High Dividend Fund 1.6 58 -10 7.3 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 9 8.0 +2.5
ION ProShares S&P Global Core Battery Metals ETF 1.6 58 -10 5.1 -0.4
CHAT Roundhill Generative AI & Technology ETF 1.6 75 -27 5.2 -0.3
IDOG ALPS International Sector Dividend Dogs ETF 1.6 50 -2 9.1 +3.6
GDOC Goldman Sachs Future Health Care Equity ETF 1.5 75 -27 1.0 -4.6
GGME Invesco Next Gen Media and Gaming ETF 1.5 60 -12 5.1 -0.4
SHPP Pacer Industrials and Logistics ETF 1.5 60 -12 7.1 +1.6
HYDR Global X Hydrogen ETF 1.5 50 -2 -7.0 -12.5
IGPT Invesco AI and Next Gen Software ETF 1.5 60 -12 3.5 -2.1
GWX SPDR S&P International Small Cap ETF 1.5 40 8 5.9 +0.3
FAN First Trust Global Wind Energy ETF 1.5 60 -12 2.6 -2.9
SCHC Schwab International Small-Cap Equity ETF 1.5 11 37 6.5 +1.0
CZAR Themes Natural Monopoly ETF 1.5 35 13 5.4 -0.1
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 -17 3.5 -2.0
HERO Global X Video Games & Esports ETF 1.5 50 -2 5.8 +0.3
LIT Global X Lithium & Battery Tech ETF 1.4 75 -27 5.0 -0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -17 7.8 +2.3
OCEN IQ Clean Oceans ETF 1.4 45 3 4.5 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 1.4 52 -4 7.7 +2.2
MOTI VanEck Morningstar International Moat ETF 1.3 58 -10 9.7 +4.2
JXI iShares Global Utilities ETF 1.3 43 5 4.8 -0.7
MINV Matthews Asia Innovators Active ETF 1.3 79 -31 6.2 +0.6
BATT Amplify Lithium & Battery Technology ETF 1.2 59 -11 1.8 -3.7
EFAS Global X MSCI SuperDividend EAFE ETF 1.2 57 -9 7.2 +1.7
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -20 5.7 +0.2
SCHY Schwab International Dividend Equity ETF 1.1 14 34 8.2 +2.7
HAP VanEck Natural Resources ETF 1.1 50 -2 6.4 +0.9
SRVR Pacer Data & Infrastructure Real Estate ETF 1.1 55 -7 3.7 -1.8
OZEM Roundhill GLP-1 & Weight Loss ETF 1.1 59 -11 5.2 -0.3
THNR Amplify Weight Loss Drug & Treatment ETF 1.1 59 -11 5.7 +0.2
ANEW ProShares MSCI Transformational Changes ETF 1.0 45 3 4.7 -0.8
IXC iShares Global Energy ETF 1.0 44 4 7.2 +1.7
DISV Dimensional International Small Cap Value ETF 0.9 42 6 8.1 +2.6
JAPN Horizon Kinetics Japan Owner Operator ETF 0.9 85 -37 5.8 +0.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.9 47 1 5.5 -0.0
ARKX ARK Space Exploration & Innovation ETF 0.9 75 -27 0.0 -5.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -24 2.1 -3.4
DWLD Davis Select Worldwide ETF 0.9 63 -15 6.9 +1.4
AKAF The Frontier Economic Fund 0.9 20 28 5.2 -0.4
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -2 6.4 +0.9
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -11 6.9 +1.4
HART IQ Healthy Hearts ETF 0.8 45 3 5.7 +0.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 3 7.3 +1.8
CRAK VanEck Oil Refiners ETF 0.8 61 -13 9.3 +3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -8 9.8 +4.3
IMOM Alpha Architect International Quantitative Momentum ETF 0.7 49 -1 4.1 -1.4
CANC Tema Oncology ETF 0.7 75 -27 -2.4 -7.9
HRTS Tema Heart & Health ETF 0.7 75 -27 2.9 -2.6
TINY ProShares Nanotechnology ETF 0.7 58 -10 1.5 -4.0
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 -1 6.8 +1.3
SLX VanEck Steel ETF 0.7 56 -8 10.9 +5.4
FPAG FPA Global Equity ETF 0.7 49 -1 6.0 +0.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.7 39 9 1.1 -4.4
SNSR Global X Internet of Things ETF 0.7 68 -20 4.1 -1.4
TMFG Motley Fool Global Opportunities ETF 0.7 85 -37 3.9 -1.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.6 68 -20 0.7 -4.8
GNR SPDR S&P Global Natural Resources ETF 0.5 40 8 8.0 +2.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 1 4.7 -0.8
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -22 6.7 +1.2
POW VistaShares Electrification Supercycle ETF 0.5 75 -27 2.2 -3.3
VIDI Vident International Equity Strategy ETF 0.5 61 -13 8.4 +2.9
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -12 7.9 +2.3
WDIV SPDR S&P Global Dividend ETF 0.5 40 8 9.2 +3.7
BOAT SonicShares Global Shipping ETF 0.5 69 -21 21.2 +15.7
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 0 2.8 -2.7
MOO VanEck Agribusiness ETF 0.4 53 -5 8.4 +2.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 2 7.2 +1.7
BMED Future Health ETF 0.4 85 -37 1.2 -4.3
PIO Invesco Global Water ETF 0.4 75 -27 4.1 -1.4
CGV Conductor Global Equity Value ETF 0.4 130 -82 7.4 +1.9
JETS U.S. Global Jets ETF 0.4 60 -12 2.7 -2.8
AIRL Themes Airlines ETF 0.4 35 13 1.6 -3.9
KROP Global X AgTech & Food Innovation ETF 0.4 50 -2 6.5 +1.0
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 9 7.2 +1.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 2 4.9 -0.6
COPX Global X Copper Miners ETF 0.4 65 -17 4.1 -1.4
GMET VanEck Green Metals ETF 0.4 63 -15 0.4 -5.2
OND ProShares On-Demand ETF 0.4 58 -10 0.5 -5.0
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -17 23.5 +18.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 1 2.8 -2.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -37 2.7 -2.9
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -37 3.7 -1.8
STCE Schwab Crypto Thematic ETF 0.3 30 18 2.9 -2.6
CGUS Capital Group Core Equity ETF 0.3 33 15 3.7 -1.8
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -27 -0.1 -5.6
ICLN iShares Global Clean Energy ETF 0.3 41 7 1.9 -3.6
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -11 2.5 -3.0
AZTD Aztlan Global Stock Selection DM SMID ETF 0.3 75 -27 4.2 -1.3
IQM Franklin Intelligent Machines ETF 0.3 50 -2 1.2 -4.3
SOCL Global X Social Media ETF 0.2 65 -17 12.7 +7.2
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -10 7.8 +2.3
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 13 4.3 -1.2
WOOD iShares Global Timber & Forestry ETF 0.2 42 6 10.8 +5.3
EVX VanEck Environmental Services ETF 0.2 55 -7 3.9 -1.6
TBLU Tortoise Global Water ESG ETF 0.2 40 8 4.2 -1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -38 12.0 +6.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 -12 9.3 +3.8
FMET Fidelity Metaverse ETF 0.2 39 9 4.9 -0.6
BCOR Grayscale Bitcoin Adopters ETF 0.2 59 -11 2.0 -3.5
ARKF ARK Fintech Innovation ETF 0.2 75 -27 0.3 -5.2
ISHP First Trust Nasdaq Retail ETF 0.2 60 -12 5.3 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 33 6.1 +0.6
FDVV Fidelity High Dividend ETF 0.2 15 33 7.0 +1.5
PRNT 3D Printing ETF 0.2 66 -18 1.5 -4.1
IDNA iShares Genomics Immunology and Healthcare ETF 0.1 47 1 -0.3 -5.8
EBLU Ecofin Global Water ESG Fund 0.1 40 8 4.3 -1.2
URAN Themes Uranium & Nuclear ETF 0.1 35 13 0.9 -4.6
IBUY Amplify Online Retail ETF 0.1 65 -17 2.3 -3.2
TRFK Pacer Data and Digital Revolution ETF 0.1 60 -12 2.7 -2.9
SMOG VanEck Low Carbon Energy ETF 0.1 61 -13 1.2 -4.3
CUT Invesco MSCI Global Timber ETF 0.1 61 -13 8.0 +2.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.1 75 -27 5.7 +0.1
AQWA Global X Clean Water ETF 0.1 50 -2 4.6 -0.9
CGW Invesco S&P Global Water Index ETF 0.1 57 -9 4.2 -1.3
BUG Global X Cybersecurity ETF 0.1 51 -3 3.9 -1.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -12 5.1 -0.4
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.1 60 -12 3.8 -1.8
IHAK iShares Cybersecurity & Tech ETF 0.1 47 1 4.8 -0.7
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 3.4 -2.1
XDAT Franklin Exponential Data ETF 0.1 50 -2 1.4 -4.1
SPAM Themes Cybersecurity ETF 0.1 35 13 2.9 -2.6
CLOU Global X Cloud Computing ETF 0.0 68 -20 3.5 -2.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.0 75 -27 6.4 +0.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 9 -1.3 -6.8
FDHT Fidelity Digital Health ETF 0.0 39 9 1.7 -3.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.0 68 -20 2.6 -2.9

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:		 iShares JPX-Nikkei 400 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 8.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.64
 
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.