iShares JPX-Nikkei 400 ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 17.0x P/Sales
ratio		 1.1x
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) $107
Currency USD
Expense ratio 48 bp
Distributions Semi-Annually

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 390
Wgt avg mkt cap (mns) $49,876
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
SOFTBANK GROUP CORP. 2.0 %
MITSUI & CO LTD 2.0 %
MIZUHO FINANCIAL GROUP INC 1.9 %
ADVANTEST CORP 1.8 %
SUMITOMO MITSUI FINANCIAL GR 1.8 %
TOYOTA MOTOR CORP 1.7 %
MITSUBISHI CORP 1.7 %
ITOCHU CORP 1.6 %
TOKYO ELECTRON LTD 1.6 %
MITSUBISHI UFJ FINANCIAL GRO 1.6 %
Total 17.7 %

TOP COUNTRY EXPOSURE
JAPAN 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.0% 26.0% 6.1% 7.3% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.69 52%
MSCI EAFE 0.98 76%
MSCI Emg. Mkts. 0.73 48%

Technical Indicators
Recent close $88.90
30d moving avg. $85.89
Annualized volatility 13.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.7%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $18,552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 361 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™: 5.8%


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
(%)
EWJ iShares MSCI Japan ETF 79.9 50 -2 5.3 -0.5
BBJP JPMorgan BetaBuilders Japan ETF 79.3 19 29 5.9 +0.1
FLJP Franklin FTSE Japan ETF 79.3 9 39 5.6 -0.2
FLJH Franklin FTSE Japan Hedged ETF 78.2 9 39 5.6 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 77.5 47 1 5.1 -0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 69.3 25 23 5.7 -0.1
DXJ WisdomTree Japan Hedged Equity Fund 59.4 48 0 5.9 +0.1
IPAC iShares Core MSCI Pacific ETF 54.2 9 39 5.8 -0.1
EWJV iShares MSCI Japan Value ETF 50.0 15 33 7.6 +1.7
VPL Vanguard FTSE Pacific ETF 45.8 7 41 5.9 +0.0
IVLU iShares MSCI Intl Value Factor ETF 26.6 30 18 8.8 +3.0
FJP First Trust Japan AlphaDEX Fund 25.6 80 -32 7.3 +1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 24.8 12 36 5.0 -0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 24.4 35 13 5.8 0.0
IQSI IQ Candriam International Equity ETF 24.0 15 33 5.7 -0.1
JIVE JPMorgan International Value ETF 23.0 55 -7 9.8 +3.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.6 14 34 5.6 -0.2
PATN Pacer Nasdaq International Patent Leaders ETF 22.2 65 -17 4.7 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 22.0 20 28 5.9 +0.1
JHMD John Hancock Multifactor Developed International ETF 20.8 39 9 6.6 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 20.8 20 28 6.0 +0.2
EFG iShares MSCI EAFE Growth ETF 20.8 36 12 3.7 -2.2
EFA iShares MSCI EAFE ETF 20.7 35 13 5.8 +0.0
VIGI Vanguard International Dividend Appreciation ETF 20.6 10 38 5.7 -0.1
ESGD iShares ESG Aware MSCI EAFE ETF 20.6 20 28 5.8 -0.0
DIVI Franklin International Core Dividend Tilt Index ETF 20.5 9 39 7.0 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 20.4 25 23 8.3 +2.5
EFV iShares MSCI EAFE Value ETF 20.3 34 14 7.9 +2.1
FENI Fidelity Enhanced International ETF 20.2 28 20 5.6 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 20.2 20 28 5.5 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 20.0 45 3 7.6 +1.8
JIRE JPMorgan International Research Enhanced Equity ETF 20.0 24 24 6.3 +0.5
IEFA iShares Core MSCI EAFE ETF 20.0 7 41 6.2 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.8 36 12 5.9 +0.1
DIHP Dimensional International High Profitability ETF 19.2 29 19 5.8 +0.0
BKIE BNY Mellon International Equity ETF 19.2 4 44 6.1 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 19.1 30 18 6.1 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 19.0 24 24 6.5 +0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 18.9 58 -10 6.2 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.3 39 9 5.8 +0.0
SPDW SPDR Portfolio Developed World ex-US ETF 18.2 3 45 6.1 +0.3
IMTM iShares MSCI Intl Momentum Factor ETF 18.0 30 18 4.7 -1.1
SCHF Schwab International Equity ETF 18.0 6 42 6.3 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 17.7 4 44 6.1 +0.3
STXI Strive International Developed Markets ETF 17.5 29 19 5.7 -0.1
DFIV Dimensional International Value ETF 17.5 27 21 8.2 +2.4
DFAI Dimensional International Core Equity Market ETF 17.4 18 30 6.1 +0.3
IGRO iShares International Dividend Growth ETF 17.4 15 33 6.3 +0.5
DWM WisdomTree International Equity Fund 17.3 48 0 6.4 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 17.1 31 17 5.8 0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 17.0 40 8 6.5 +0.7
DIM WisdomTree International MidCap Dividend Fund 16.8 58 -10 6.5 +0.7
INTF iShares International Equity Factor ETF 16.8 15 33 6.6 +0.8
FIVA Fidelity International Value Factor ETF 16.7 18 30 8.1 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.6 20 28 5.6 -0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 16.6 22 26 5.6 -0.2
TPIF Timothy Plan International ETF 16.6 62 -14 5.5 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 16.6 37 11 7.3 +1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.5 25 23 6.2 +0.4
VEA Vanguard FTSE Developed Markets ETF 16.3 3 45 6.2 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 16.2 83 -35 8.1 +2.3
CIL VictoryShares International Volatility Wtd ETF 16.1 45 3 5.8 -0.0
PPIE Putnam PanAgora ESG International Equity ETF 15.9 49 -1 7.0 +1.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 15.9 80 -32 7.5 +1.7
CGIE Capital Group International Equity ETF 15.9 54 -6 4.3 -1.6
INEQ Columbia International Equity Income ETF 15.8 45 3 7.6 +1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.7 12 36 5.2 -0.6
DFIC Dimensional International Core Equity 2 ETF 15.1 23 25 6.4 +0.6
DOL WisdomTree International LargeCap Dividend Fund 15.0 48 0 6.2 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 15.0 34 14 5.1 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 15.0 29 19 5.4 -0.4
DFSI Dimensional International Sustainability Core 1 ETF 14.7 24 24 5.5 -0.3
RAYJ Rayliant SMDAM Japan Equity ETF 14.4 72 -24 3.4 -2.5
QINT American Century Quality Diversified International ETF 14.0 39 9 6.2 +0.4
IQDG WisdomTree International Quality Dividend Growth Fund 14.0 42 6 6.0 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.9 39 9 6.8 +1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.9 58 -10 5.9 +0.1
DWMF WisdomTree International Multifactor Fund 13.6 38 10 6.4 +0.6
AVDE Avantis International Equity ETF 13.5 23 25 6.4 +0.6
VWID Virtus WMC International Dividend ETF 13.3 49 -1 7.4 +1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.3 18 30 6.5 +0.7
AVSD Avantis Responsible International Equity ETF 13.1 23 25 4.7 -1.1
CWI SPDR MSCI ACWI ex-US ETF 13.1 30 18 6.5 +0.7
SCJ iShares MSCI Japan Small-Cap ETF 13.0 50 -2 6.0 +0.2
UMMA Wahed Dow Jones Islamic World ETF 12.9 65 -17 3.9 -1.9
SCZ iShares MSCI EAFE Small-Cap ETF 12.8 40 8 6.2 +0.4
EXI iShares Global Industrials ETF 12.8 42 6 3.7 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 12.8 4 44 6.9 +1.1
AVIV Avantis International Large Cap Value ETF 12.8 25 23 7.5 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 12.6 34 14 6.5 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 12.3 32 16 5.5 -0.3
VSGX Vanguard ESG International Stock ETF 12.2 10 38 6.7 +0.9
IQLT iShares MSCI Intl Quality Factor ETF 12.1 30 18 5.4 -0.4
IXUS iShares Core MSCI Total International Stock ETF 12.1 7 41 6.8 +1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.1 42 6 5.6 -0.2
LVHI Franklin International Low Volatility High Dividend Index ET 12.0 40 8 9.3 +3.5
VYMI Vanguard International High Dividend Yield ETF 12.0 17 31 8.3 +2.5
VXUS Vanguard Total International Stock ETF 12.0 5 43 6.9 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.9 41 7 6.5 +0.7
DXIV Dimensional International Vector Equity ETF 11.9 34 14 6.7 +0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.7 47 1 7.1 +1.3
OEFA ALPS O’Shares International Developed Quality Dividend ETF 11.6 48 0 4.6 -1.2
FDEV Fidelity International Multifactor ETF 10.9 18 30 6.6 +0.8
CGXU Capital Group International Focus Equity ETF 10.7 54 -6 4.7 -1.1
IQDF FlexShares International Quality Dividend Index Fund 10.5 47 1 7.7 +1.9
UIVM VictoryShares International Value Momentum ETF 10.3 35 13 7.6 +1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.3 30 18 6.7 +0.9
JHID John Hancock International High Dividend ETF 10.1 46 2 8.5 +2.7
DTAN Sparkline International Intangible Value ETF 9.3 55 -7 7.4 +1.6
RXI iShares Global Consumer Discretionary ETF 9.2 41 7 7.1 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.1 29 19 6.9 +1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.1 50 -2 5.4 -0.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 9.1 65 -17 4.1 -1.8
FIDI Fidelity International High Dividend ETF 9.0 18 30 7.5 +1.6
FNDC Schwab Fundamental International Small Co. Index ETF 8.7 39 9 5.3 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 8.5 20 28 5.3 -0.5
DSTX Distillate International Fundamental Stability & Value ETF 8.2 55 -7 6.7 +0.9
BULD Pacer BlueStar Engineering the Future ETF 8.0 60 -12 0.3 -5.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.9 65 -17 9.9 +4.1
QTUM Defiance Quantum ETF 7.8 40 8 4.4 -1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.7 80 -32 5.5 -0.3
NXTG First Trust Indxx NextG ETF 7.6 70 -22 4.5 -1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.3 49 -1 6.2 +0.4
WRND IQ Global Equity R&D Leaders ETF 7.3 18 30 6.6 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 7.1 30 18 5.1 -0.7
DGT State Street SPDR Global Dow ETF 7.0 50 -2 6.0 +0.2
JIG JPMorgan International Growth ETF 6.9 55 -7 4.0 -1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.9 9 39 8.4 +2.5
WWJD Inspire International ETF 6.9 80 -32 6.5 +0.7
KNO AXS Knowledge Leaders ETF 6.9 78 -30 5.1 -0.7
IXP iShares Global Comm Services ETF 6.7 42 6 5.3 -0.6
CLNR IQ Cleaner Transport ETF 6.7 45 3 4.9 -0.9
IDLV Invesco S&P International Developed Low Volatility ETF 6.6 25 23 6.2 +0.4
RGEF Rockefeller Global Equity ETF 6.5 55 -7 4.0 -1.9
IBOT Vaneck Robotics ETF 6.2 47 1 3.4 -2.4
GCOW Pacer Global Cash Cows Dividend ETF 6.2 60 -12 9.8 +4.0
FEOE First Eagle Overseas Equity ETF 5.9 79 -31 6.1 +0.3
ITOL Tema International Durable Quality ETF 5.5 60 -12 4.7 -1.1
AIVI WisdomTree International AI Enhanced Value Fund 5.4 58 -10 6.2 +0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.4 47 1 5.8 -0.1
CGDG Capital Group Dividend Growers ETF 5.3 47 1 5.4 -0.4
IVAL Alpha Architect International Quantitative Value ETF 5.3 49 -1 9.0 +3.2
WLDR Affinity World Leaders Equity ETF 5.3 67 -19 6.5 +0.7
AVDS Avantis International Small Cap Equity ETF 5.2 30 18 6.0 +0.2
DTH WisdomTree International High Dividend Fund 5.1 58 -10 7.5 +1.7
URTH iShares MSCI World ETF 5.1 24 24 4.4 -1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.1 80 -32 3.5 -2.3
ESGG FlexShares STOXX Global ESG Select Index Fund 5.0 42 6 4.7 -1.1
GEW Cambria Global EW ETF 5.0 29 19 5.4 -0.4
FBOT Fidelity Disruptive Automation ETF 5.0 50 -2 2.8 -3.0
JGLO JPMorgan Global Select Equity ETF 5.0 33 15 4.3 -1.5
GLOF iShares Global Equity Factor ETF 4.9 20 28 5.9 +0.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.8 65 -17 1.6 -4.2
IXG iShares Global Financials ETF 4.8 42 6 5.8 +0.0
BKCI BNY Mellon Concentrated International ETF 4.8 80 -32 4.5 -1.3
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 38 5.0 -0.8
ROBO ROBO Global Robotics & Automation Index ETF 4.6 95 -47 2.7 -3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.6 9 39 4.9 -0.9
IMOM Alpha Architect International Quantitative Momentum ETF 4.6 49 -1 4.0 -1.9
ACWI iShares MSCI ACWI ETF 4.5 32 16 4.7 -1.1
VT Vanguard Total World Stock ETF 4.4 6 42 5.1 -0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.4 45 3 1.6 -4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.4 20 28 4.8 -1.0
IDMO Invesco S&P International Developed Momentum ETF 4.4 25 23 5.1 -0.7
FEGE First Eagle Global Equity ETF 4.3 79 -31 5.7 -0.1
GLBL Pacer MSCI World Industry Advantage ETF 4.3 65 -17 3.5 -2.3
DWX SPDR S&P International Dividend ETF 4.2 45 3 6.8 +1.0
KNCT Invesco Next Gen Connectivity ETF 4.2 40 8 4.0 -1.8
KXI iShares Global Consumer Staples ETF 4.0 41 7 5.3 -0.5
OSEA Harbor International Compounders ETF 4.0 55 -7 4.3 -1.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.0 75 -27 2.4 -3.5
CARZ First Trust NASDAQ Global Auto Index Fund 3.9 70 -22 3.4 -2.4
JSTC Adasina Social Justice All Cap Global ETF 3.9 89 -41 4.2 -1.6
DRIV Global X Autonomous & Electric Vehicles ETF 3.9 68 -20 4.2 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.9 25 23 5.4 -0.4
FYLD Cambria Foreign Shareholder Yield ETF 3.8 59 -11 10.5 +4.7
BLES Inspire Global Hope ETF 3.7 61 -13 6.1 +0.3
BINV Brandes International ETF 3.7 70 -22 8.3 +2.4
IBAT iShares Energy Storage & Materials ETF 3.6 47 1 2.5 -3.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.5 52 -4 8.7 +2.9
IPKW Invesco International BuyBack Achievers ETF 3.4 55 -7 8.0 +2.2
DFIS Dimensional International Small Cap ETF 3.4 39 9 6.3 +0.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.4 75 -27 3.0 -2.8
IXJ iShares Global Healthcare ETF 3.2 42 6 5.6 -0.2
DINT Davis Select International ETF 3.2 55 -7 6.7 +0.9
MXI iShares Global Materials ETF 3.2 41 7 6.3 +0.5
MJSC MUFG Japan Small Cap Active ETF 3.2 85 -37 5.2 -0.6
BNGE First Trust S-Network Streaming and Gaming ETF 3.2 70 -22 2.4 -3.5
BOTZ Global X Robotics & Artificial Intelligence ETF 3.2 69 -21 1.7 -4.1
SDG iShares MSCI Global Sustainable Development Goals ETF 3.1 49 -1 4.8 -1.1
NUKZ Range Nuclear Renaissance Index ETF 3.1 85 -37 1.0 -4.8
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 -10 7.2 +1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 36 4.3 -1.5
IPAV Global X Infrastructure Development ex-U.S. ETF 3.0 55 -7 5.9 +0.1
URA Global X Uranium ETF 3.0 69 -21 0.9 -4.9
KOCG FIS Knights of Columbus Global Belief ETF 3.0 75 -27 4.4 -1.4
ARVR First Trust Indxx Metaverse ETF 3.0 70 -22 3.5 -2.4
IXN iShares Global Tech ETF 2.9 41 7 2.9 -2.9
CGGO Capital Group Global Growth Equity ETF 2.8 47 1 3.8 -2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.8 12 36 8.0 +2.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.8 45 3 2.1 -3.7
DFJ WisdomTree Japan SmallCap Dividend Fund 2.8 58 -10 6.5 +0.7
AVDV Avantis International Small Cap Value ETF 2.7 36 12 7.8 +2.0
MOTI VanEck Morningstar International Moat ETF 2.6 58 -10 9.3 +3.5
HUMN Roundhill Humanoid Robotics ETF 2.5 75 -27 1.0 -4.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.5 10 38 6.3 +0.5
FPXI First Trust International Equity Opportunities ETF 2.4 70 -22 3.6 -2.3
XT iShares Exponential Technologies ETF 2.4 46 2 4.2 -1.6
GINN Goldman Sachs Innovate Equity ETF 2.4 52 -4 3.2 -2.6
FDTX Fidelity Disruptive Technology ETF 2.3 50 -2 2.1 -3.7
MDEV First Trust Indxx Medical Devices ETF 2.3 70 -22 4.1 -1.7
NERD Roundhill Video Games ETF 2.3 50 -2 6.2 +0.4
ESPO VanEck Video Gaming and eSports ETF 2.2 56 -8 4.9 -0.9
ODDS Pacer BlueStar Digital Entertainment ETF 2.2 60 -12 2.8 -3.1
FICS First Trust International Developed Capital Strength ETF 2.2 70 -22 6.4 +0.6
CCNR ALPS CoreCommodity Natural Resources ETF 2.1 39 9 7.7 +1.9
OAIM OneAscent International Equity ETF 2.1 95 -47 4.7 -1.2
IFGL iShares International Developed Real Estate ETF 2.1 48 0 6.5 +0.7
ERET iShares Environmentally Aware Real Estate ETF 2.1 30 18 7.0 +1.2
DTEC ALPS Disruptive Technologies ETF 2.1 50 -2 3.3 -2.5
GGME Invesco Next Gen Media and Gaming ETF 2.1 60 -12 4.2 -1.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 -20 5.9 +0.1
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 25 7.4 +1.6
CHAT Roundhill Generative AI & Technology ETF 2.0 75 -27 6.4 +0.5
IOO iShares Global 100 ETF 2.0 41 7 3.9 -1.9
IQRA IQ CBRE Real Assets ETF 1.9 65 -17 5.4 -0.4
SAGP Strategas Global Policy Opportunities ETF 1.9 65 -17 4.6 -1.2
HERO Global X Video Games & Esports ETF 1.9 50 -2 4.3 -1.6
CZAR Themes Natural Monopoly ETF 1.9 35 13 4.9 -0.9
AIQ Global X Artificial Intelligence & Technology ETF 1.9 68 -20 2.9 -2.9
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 -11 4.4 -1.4
SHPP Pacer Industrials and Logistics ETF 1.8 60 -12 7.6 +1.8
AGNG Global X Aging Population ETF 1.8 50 -2 3.9 -1.9
TTAI FCF International Quality ETF 1.7 59 -11 6.5 +0.7
IDOG ALPS International Sector Dividend Dogs ETF 1.7 50 -2 10.7 +4.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.7 80 -32 9.6 +3.8
HYDR Global X Hydrogen ETF 1.7 50 -2 -8.0 -13.8
FAN First Trust Global Wind Energy ETF 1.7 60 -12 3.8 -2.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.6 65 -17 7.2 +1.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -10 3.9 -1.9
DEW WisdomTree Global High Dividend Fund 1.6 58 -10 7.6 +1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 40 6.5 +0.7
SCHC Schwab International Small-Cap Equity ETF 1.6 11 37 6.8 +1.0
IGPT Invesco AI and Next Gen Software ETF 1.5 60 -12 3.3 -2.5
EV Mast Global Battery Recycling & Production ETF 1.5 65 -17 7.2 +1.4
CANC Tema Oncology ETF 1.5 75 -27 -2.5 -8.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 9 9.1 +3.3
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 -17 3.3 -2.5
MINV Matthews Asia Innovators Active ETF 1.5 79 -31 5.5 -0.3
GDOC Goldman Sachs Future Health Care Equity ETF 1.4 75 -27 2.2 -3.6
GWX SPDR S&P International Small Cap ETF 1.4 40 8 6.0 +0.2
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 3 4.6 -1.3
OCEN IQ Clean Oceans ETF 1.4 45 3 5.0 -0.8
AGQI First Trust Active Global Quality Income ETF 1.3 85 -37 4.6 -1.2
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -10 5.6 -0.2
SCHY Schwab International Dividend Equity ETF 1.3 14 34 8.8 +3.0
LIT Global X Lithium & Battery Tech ETF 1.3 75 -27 5.6 -0.2
ARTY iShares Future AI & Tech ETF 1.3 47 1 2.9 -2.9
EFAS Global X MSCI SuperDividend EAFE ETF 1.3 57 -9 7.7 +1.9
JXI iShares Global Utilities ETF 1.3 43 5 5.4 -0.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -20 5.6 -0.2
VIDI Vident International Equity Strategy ETF 1.2 61 -13 9.4 +3.6
HAP VanEck Natural Resources ETF 1.2 50 -2 7.9 +2.1
OZEM Roundhill GLP-1 & Weight Loss ETF 1.1 59 -11 3.9 -1.9
THNR Amplify Weight Loss Drug & Treatment ETF 1.1 59 -11 5.7 -0.1
JAPN Horizon Kinetics Japan Owner Operator ETF 1.0 85 -37 4.8 -1.0
BATT Amplify Lithium & Battery Technology ETF 1.0 59 -11 1.7 -4.1
TMFG Motley Fool Global Opportunities ETF 0.9 85 -37 3.5 -2.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.9 55 -7 4.3 -1.5
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 -2 6.7 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 -11 6.5 +0.7
IVRS iShares Future Metaverse Tech and Communications ETF 0.9 47 1 3.1 -2.8
IXC iShares Global Energy ETF 0.9 44 4 9.5 +3.7
DWLD Davis Select Worldwide ETF 0.9 63 -15 6.3 +0.5
AKAF The Frontier Economic Fund 0.9 20 28 5.6 -0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -8 10.1 +4.3
SLX VanEck Steel ETF 0.8 56 -8 12.1 +6.3
DISV Dimensional International Small Cap Value ETF 0.8 42 6 8.1 +2.3
TINY ProShares Nanotechnology ETF 0.8 58 -10 2.9 -2.9
HART IQ Healthy Hearts ETF 0.8 45 3 5.4 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 3 7.6 +1.8
HRTS Tema Heart & Health ETF 0.8 75 -27 1.9 -3.9
ARKX ARK Space Exploration & Innovation ETF 0.7 75 -27 0.1 -5.8
FPAG FPA Global Equity ETF 0.7 49 -1 5.0 -0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.7 72 -24 -1.3 -7.1
CRAK VanEck Oil Refiners ETF 0.7 61 -13 11.2 +5.3
GNR SPDR S&P Global Natural Resources ETF 0.6 40 8 9.3 +3.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 9 -1.3 -7.1
SNSR Global X Internet of Things ETF 0.6 68 -20 4.2 -1.6
FDNI First Trust Dow Jones International Internet ETF 0.6 65 -17 18.4 +12.6
POW VistaShares Electrification Supercycle ETF 0.6 75 -27 3.1 -2.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 1 4.9 -1.0
RCGE RockCreek Global Equality ETF 0.5 95 -47 6.0 +0.2
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -22 7.6 +1.8
OND ProShares On-Demand ETF 0.5 58 -10 -0.6 -6.4
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -12 7.3 +1.5
WDIV SPDR S&P Global Dividend ETF 0.5 40 8 8.4 +2.6
JETS U.S. Global Jets ETF 0.5 60 -12 2.1 -3.7
AIRL Themes Airlines ETF 0.5 35 13 2.0 -3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 2 8.5 +2.7
BMED Future Health ETF 0.4 85 -37 0.2 -5.6
CGV Conductor Global Equity Value ETF 0.4 130 -82 7.0 +1.2
BOAT SonicShares Global Shipping ETF 0.4 69 -21 25.3 +19.5
MOO VanEck Agribusiness ETF 0.4 53 -5 9.8 +3.9
STCE Schwab Crypto Thematic ETF 0.4 30 18 3.3 -2.5
KROP Global X AgTech & Food Innovation ETF 0.3 50 -2 7.8 +1.9
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 9 8.3 +2.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 2 5.5 -0.4
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -27 0.3 -5.5
SOCL Global X Social Media ETF 0.3 65 -17 9.0 +3.2
PIO Invesco Global Water ETF 0.3 75 -27 3.9 -1.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 1 3.1 -2.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -37 3.2 -2.7
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -37 3.8 -2.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -38 11.7 +5.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.3 60 -12 8.9 +3.0
FMET Fidelity Metaverse ETF 0.3 39 9 4.3 -1.6
BCOR Grayscale Bitcoin Adopters ETF 0.3 59 -11 2.1 -3.7
CGUS Capital Group Core Equity ETF 0.3 33 15 3.8 -2.0
ICLN iShares Global Clean Energy ETF 0.3 41 7 2.9 -2.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -11 3.7 -2.1
IBLC iShares Blockchain and Tech ETF 0.3 47 1 -1.4 -7.3
COPX Global X Copper Miners ETF 0.3 65 -17 4.5 -1.3
DMAT Global X Disruptive Materials ETF 0.3 59 -11 5.3 -0.5
GMET VanEck Green Metals ETF 0.3 63 -15 5.8 -0.0
IQM Franklin Intelligent Machines ETF 0.3 50 -2 1.5 -4.3
WOOD iShares Global Timber & Forestry ETF 0.2 42 6 12.0 +6.2
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -10 9.3 +3.5
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 13 4.1 -1.7
ARKF ARK Fintech Innovation ETF 0.2 75 -27 0.1 -5.8
ISHP First Trust Nasdaq Retail ETF 0.2 60 -12 5.0 -0.8
TBLU Tortoise Global Water ESG ETF 0.2 40 8 4.3 -1.5
EVX VanEck Environmental Services ETF 0.2 55 -7 2.3 -3.6
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 33 6.1 +0.3
FDVV Fidelity High Dividend ETF 0.2 15 33 7.0 +1.2
TRFK Pacer Data and Digital Revolution ETF 0.2 60 -12 2.7 -3.1
DVYA iShares Asia/Pacific Dividend ETF 0.1 49 -1 7.0 +1.1
IDNA iShares Genomics Immunology and Healthcare ETF 0.1 47 1 -3.0 -8.8
IBUY Amplify Online Retail ETF 0.1 65 -17 1.3 -4.5
EBLU Ecofin Global Water ESG Fund 0.1 40 8 4.4 -1.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.1 75 -27 5.3 -0.5
PRNT 3D Printing ETF 0.1 66 -18 1.6 -4.2
URAN Themes Uranium & Nuclear ETF 0.1 35 13 1.1 -4.7
CUT Invesco MSCI Global Timber ETF 0.1 61 -13 9.9 +4.1
BUG Global X Cybersecurity ETF 0.1 51 -3 2.5 -3.3
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -12 3.6 -2.2
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.1 60 -12 2.7 -3.1
IHAK iShares Cybersecurity & Tech ETF 0.1 47 1 3.8 -2.0
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 1.8 -4.0
XDAT Franklin Exponential Data ETF 0.1 50 -2 1.9 -3.9
SPAM Themes Cybersecurity ETF 0.1 35 13 2.5 -3.3
BJK VanEck Gaming ETF 0.1 65 -17 3.7 -2.1
SMOG VanEck Low Carbon Energy ETF 0.1 61 -13 1.5 -4.3
AQWA Global X Clean Water ETF 0.1 50 -2 4.6 -1.2
CGW Invesco S&P Global Water Index ETF 0.1 57 -9 4.3 -1.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.1 75 -27 6.7 +0.9
CLOU Global X Cloud Computing ETF 0.1 68 -20 2.5 -3.4
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.0 75 -27 4.7 -1.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 9 -0.8 -6.6
FDHT Fidelity Digital Health ETF 0.0 39 9 1.3 -4.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.0 68 -20 1.7 -4.1

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 5.8 %
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.