iShares JPX-Nikkei 400 ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.9x P/Sales
ratio		 0.8x
P/BV
ratio		 1.3x Div.
yield		 2.7%


  • 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) $84
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 387
Wgt avg mkt cap (mns) $44,196
Large cap (>$10bn) 76.3%
Mid cap ($2-10bn) 20.7%
Small cap (<$2bn) 3.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOKYO ELECTRON LTD 2.2 %
MITSUBISHI CORP 2.1 %
TOYOTA MOTOR CORP 2.0 %
HITACHI LTD 2.0 %
MITSUI & CO LTD 1.9 %
SHIN-ETSU CHEMICAL CO LTD 1.8 %
MITSUBISHI UFJ FINANCIAL GRO 1.8 %
SUMITOMO MITSUI FINANCIAL GR 1.8 %
RECRUIT HOLDINGS CO LTD 1.8 %
TOKIO MARINE HOLDINGS INC 1.7 %
Total 18.9 %

TOP COUNTRY EXPOSURE
JAPAN 99.8 %










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.
6.8% 18.9% 6.4% 6.0% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.66 56%
MSCI EAFE 0.80 77%
MSCI Emg. Mkts. 0.71 65%

Technical Indicators
Recent close $70.38
30d moving avg. $65.92
Annualized volatility 15.5%
Short interest (ETF) 0.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.5%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $21,700

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 360 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™: 7.5%


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
(%)
EWJ iShares MSCI Japan ETF 81.8 50 -2 6.7 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 79.9 19 29 7.1 -0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 77.8 47 1 6.6 -0.9
FLJP Franklin FTSE Japan ETF 77.7 9 39 7.1 -0.3
FLJH Franklin FTSE Japan Hedged ETF 75.7 9 39 6.9 -0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 72.9 25 23 7.7 +0.3
DXJ WisdomTree Japan Hedged Equity Fund 58.8 48 0 7.7 +0.2
IPAC iShares Core MSCI Pacific ETF 54.7 9 39 6.7 -0.8
EWJV iShares MSCI Japan Value ETF 50.0 15 33 9.0 +1.5
VPL Vanguard FTSE Pacific ETF 45.4 8 40 6.9 -0.5
IDMO Invesco S&P International Developed Momentum ETF 44.9 25 23 7.0 -0.5
IMTM iShares MSCI Intl Momentum Factor ETF 38.7 30 18 6.8 -0.7
IVLU iShares MSCI Intl Value Factor ETF 29.1 30 18 10.6 +3.2
FJP First Trust Japan AlphaDEX Fund 28.1 80 -32 10.1 +2.7
IQIN IQ 500 International ETF 25.7 25 23 8.8 +1.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 25.0 35 13 6.4 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.7 14 34 6.2 -1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 23.6 12 36 5.4 -2.1
ESGN Columbia International ESG Equity Income ETF 23.4 45 3 9.0 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 23.1 20 28 6.7 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 22.7 25 23 9.1 +1.6
JHMD John Hancock Multifactor Developed International ETF 22.4 39 9 7.4 -0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 21.8 20 28 6.8 -0.7
IQSI IQ Candriam International Equity ETF 21.7 15 33 6.4 -1.1
ESGD iShares ESG Aware MSCI EAFE ETF 21.6 20 28 6.3 -1.2
JIRE JPMorgan International Research Enhanced Equity ETF 21.6 24 24 6.7 -0.8
UIVM VictoryShares International Value Momentum ETF 21.3 35 13 10.7 +3.2
EFG iShares MSCI EAFE Growth ETF 21.2 36 12 4.1 -3.4
EFA iShares MSCI EAFE ETF 21.1 35 13 6.4 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.1 36 12 6.4 -1.1
EFV iShares MSCI EAFE Value ETF 21.1 34 14 9.1 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 20.9 20 28 6.3 -1.2
DIVI Franklin International Core Dividend Tilt Index ETF 20.8 9 39 8.0 +0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 20.7 80 -32 10.8 +3.3
BKIE BNY Mellon International Equity ETF 20.6 4 44 6.9 -0.6
ISZE iShares MSCI Intl Size Factor ETF 20.6 30 18 6.6 -0.9
IEFA iShares Core MSCI EAFE ETF 20.0 7 41 2.7 -4.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 20.0 24 24 8.6 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.8 39 9 7.6 +0.1
DIHP Dimensional International High Profitability ETF 19.3 29 19 6.9 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 19.3 30 18 6.8 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.0 45 3 8.5 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 19.0 83 -35 9.0 +1.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 18.8 51 -3 6.8 -0.7
CIL VictoryShares International Volatility Wtd ETF 18.8 45 3 6.9 -0.6
SCHF Schwab International Equity ETF 18.7 6 42 7.0 -0.5
IGRO iShares International Dividend Growth ETF 18.5 15 33 7.1 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 18.4 37 11 8.7 +1.2
DFIV Dimensional International Value ETF 18.4 27 21 9.8 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.3 20 28 6.9 -0.6
SPDW SPDR Portfolio Developed World ex-US ETF 18.3 3 45 6.9 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.3 25 23 7.4 -0.1
IMOM Alpha Architect International Quantitative Momentum ETF 18.2 49 -1 7.3 -0.2
TPIF Timothy Plan International ETF 18.1 62 -14 6.7 -0.8
FIVA Fidelity International Value Factor ETF 18.1 18 30 9.3 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 17.9 4 44 6.7 -0.8
QINT American Century Quality Diversified International ETF 17.6 39 9 7.4 -0.1
DFAI Dimensional International Core Equity Market ETF 17.4 18 30 6.9 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 17.3 31 17 6.4 -1.1
INTF iShares International Equity Factor ETF 16.7 15 33 7.8 +0.3
DIM WisdomTree International MidCap Dividend Fund 16.6 58 -10 7.7 +0.2
DWM WisdomTree International Equity Fund 16.3 48 0 7.8 +0.3
VEA Vanguard FTSE Developed Markets ETF 16.3 5 43 7.0 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.7 40 8 7.8 +0.4
DOL WisdomTree International LargeCap Dividend Fund 15.4 48 0 7.7 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 15.3 24 24 6.2 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 14.9 22 26 6.2 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.8 39 9 7.3 -0.2
DFIC Dimensional International Core Equity 2 ETF 14.8 23 25 7.4 -0.1
AVDE Avantis International Equity ETF 13.9 23 25 7.9 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 13.9 34 14 10.6 +3.2
CWI SPDR MSCI ACWI ex-US ETF 13.8 30 18 6.8 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.6 41 7 6.7 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 13.6 34 14 6.7 -0.8
FDEV Fidelity International Multifactor ETF 13.6 18 30 7.5 +0.0
VIGI Vanguard International Dividend Appreciation ETF 13.6 15 33 5.6 -1.9
DWMF WisdomTree International Multifactor Fund 13.5 38 10 7.3 -0.2
VSGX Vanguard ESG International Stock ETF 13.4 12 36 6.8 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 13.2 8 40 7.2 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 13.1 42 6 5.8 -1.7
VYMI Vanguard International High Dividend Yield ETF 13.0 22 26 9.7 +2.2
JHID John Hancock International High Dividend ETF 13.0 46 2 11.5 +4.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.0 58 -10 5.5 -1.9
IXUS iShares Core MSCI Total International Stock ETF 12.7 7 41 6.9 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.4 29 19 8.8 +1.3
VXUS Vanguard Total International Stock ETF 12.2 7 41 7.1 -0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 12.1 32 16 6.7 -0.8
EXI iShares Global Industrials ETF 11.9 42 6 4.7 -2.8
IQLT iShares MSCI Intl Quality Factor ETF 11.7 30 18 5.7 -1.8
RODE Hartford Multifactor Diversified International ETF 11.7 29 19 11.5 +4.1
AVIV Avantis International Large Cap Value ETF 11.6 25 23 8.9 +1.4
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 1 10.7 +3.2
UMMA Wahed Dow Jones Islamic World ETF 11.2 65 -17 4.3 -3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.1 47 1 10.3 +2.8
FIDI Fidelity International High Dividend ETF 11.0 18 30 10.1 +2.6
JIG JPMorgan International Growth ETF 10.7 55 -7 4.3 -3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.2 30 18 7.8 +0.3
SCJ iShares MSCI Japan Small-Cap ETF 10.1 50 -2 6.4 -1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 10.0 80 -32 5.4 -2.1
IDHQ Invesco S&P International Developed High Quality ETF 9.9 29 19 5.8 -1.7
SCZ iShares MSCI EAFE Small-Cap ETF 9.8 40 8 0.0 -7.5
RXI iShares Global Consumer Discretionary ETF 9.2 41 7 5.5 -1.9
DGT SPDR Global Dow ETF 9.0 50 -2 6.7 -0.8
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 8.9 68 -20 8.8 +1.3
CGXU Capital Group International Focus Equity ETF 8.8 54 -6 4.1 -3.4
KLDW Knowledge Leaders Developed World ETF 8.7 75 -27 4.9 -2.6
IQDE FlexShares International Quality Dividend Defensive Index ET 8.5 47 1 10.7 +3.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.5 65 -17 12.8 +5.3
WRND IQ Global Equity R&D Leaders ETF 8.4 18 30 7.2 -0.3
CLNR IQ Cleaner Transport ETF 8.4 45 3 8.3 +0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.3 50 -2 5.1 -2.4
FNDC Schwab Fundamental International Small Co. Index ETF 8.2 39 9 6.9 -0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 8.1 80 -32 5.6 -1.8
BULD Pacer BlueStar Engineering the Future ETF 7.8 60 -12 1.2 -6.3
AIVI WisdomTree International AI Enhanced Value Fund 7.6 58 -10 8.0 +0.6
DSTX Distillate International Fundamental Stability & Value ETF 7.5 55 -7 8.0 +0.5
ACWV iShares MSCI Global Min Vol Factor ETF 7.4 20 28 6.7 -0.8
NXTG First Trust Indxx NextG ETF 7.4 70 -22 6.0 -1.5
IVAL Alpha Architect International Quantitative Value ETF 7.2 49 -1 5.8 -1.7
WWJD Inspire International ETF 7.1 80 -32 7.1 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.1 49 -1 6.7 -0.8
WLDR Affinity World Leaders Equity ETF 7.0 67 -19 8.5 +1.0
VWID Virtus WMC International Dividend ETF 6.9 49 -1 9.4 +1.9
JSTC Adasina Social Justice All Cap Global ETF 6.6 89 -41 4.8 -2.7
DRIV Global X Autonomous & Electric Vehicles ETF 6.5 68 -20 3.3 -4.1
QWLD SPDR MSCI World StrategicFactors ETF 6.4 30 18 6.0 -1.4
IBOT Vaneck Robotics ETF 6.4 47 1 3.7 -3.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.3 9 39 9.8 +2.3
IDLV Invesco S&P International Developed Low Volatility ETF 6.3 25 23 5.8 -1.6
BKCI BNY Mellon Concentrated International ETF 6.2 80 -32 5.2 -2.3
IXP iShares Global Comm Services ETF 6.2 42 6 5.3 -2.2
QTUM Defiance Quantum ETF 6.2 40 8 3.9 -3.6
ESGG FlexShares STOXX Global ESG Select Index Fund 5.9 42 6 5.1 -2.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.9 25 23 6.1 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.8 42 6 6.8 -0.7
DWX SPDR S&P International Dividend ETF 5.8 45 3 7.1 -0.4
DTH WisdomTree International High Dividend Fund 5.8 58 -10 10.1 +2.7
URTH iShares MSCI World ETF 5.5 24 24 5.4 -2.1
CARZ First Trust NASDAQ Global Auto Index Fund 5.5 70 -22 3.5 -4.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.3 20 28 10.7 +3.2
ROBO ROBO Global Robotics & Automation Index ETF 5.2 95 -47 2.8 -4.6
GCOW Pacer Global Cash Cows Dividend ETF 5.1 60 -12 13.6 +6.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 5.1 65 -17 1.6 -5.9
ACWI iShares MSCI ACWI ETF 5.0 32 16 5.5 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.0 47 1 5.9 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.9 9 39 5.7 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.9 20 28 5.6 -1.9
LVHI Franklin International Low Volatility High Dividend Index ET 4.8 40 8 10.2 +2.7
GLOF iShares Global Equity Factor ETF 4.8 20 28 7.1 -0.4
IXG iShares Global Financials ETF 4.8 42 6 6.8 -0.7
OSEA Harbor International Compounders ETF 4.7 55 -7 3.7 -3.8
KOCG FIS Knights of Columbus Global Belief ETF 4.7 75 -27 5.3 -2.2
KXI iShares Global Consumer Staples ETF 4.7 41 7 5.6 -1.9
VT Vanguard Total World Stock ETF 4.6 7 41 5.8 -1.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.6 75 -27 3.2 -4.3
NTZG Nuveen Global Net Zero Transition ETF 4.5 56 -8 4.9 -2.6
SXUS Janus Henderson International Sustainable Equity ETF 4.4 60 -12 4.6 -2.9
MXI iShares Global Materials ETF 4.2 41 7 6.6 -0.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.2 45 3 4.9 -2.6
IXJ iShares Global Healthcare ETF 4.0 42 6 6.1 -1.4
XT iShares Exponential Technologies ETF 3.9 46 2 3.9 -3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.8 12 36 5.1 -2.4
DINT Davis Select International ETF 3.8 55 -7 4.7 -2.8
BLES Inspire Global Hope ETF 3.8 61 -13 6.3 -1.2
IPKW Invesco International BuyBack Achievers ETF 3.8 55 -7 9.1 +1.6
KNCT Invesco Next Gen Connectivity ETF 3.7 40 8 5.9 -1.6
FID First Trust S&P International Dividend Aristocrats ETF 3.7 60 -12 9.8 +2.4
GINN Goldman Sachs Innovate Equity ETF 3.6 52 -4 2.7 -4.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.6 69 -21 2.3 -5.2
BTEK Future Tech ETF 3.6 88 -40 2.1 -5.4
WDIV SPDR S&P Global Dividend ETF 3.4 40 8 10.2 +2.8
IXN iShares Global Tech ETF 3.4 41 7 4.3 -3.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 3.4 58 -10 7.2 -0.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.4 75 -27 5.2 -2.3
ARVR First Trust Indxx Metaverse ETF 3.4 70 -22 2.5 -5.0
DFJ WisdomTree Japan SmallCap Dividend Fund 3.3 58 -10 7.5 +0.1
FYLD Cambria Foreign Shareholder Yield ETF 3.3 59 -11 12.0 +4.5
SDG iShares MSCI Global Sustainable Development Goals ETF 3.3 49 -1 5.8 -1.7
TEMP JPMorgan Climate Change Solutions ETF 3.2 49 -1 4.7 -2.8
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.2 47 1 0.7 -6.8
SCHY Schwab International Dividend Equity ETF 3.2 14 34 9.2 +1.8
DFIS Dimensional International Small Cap ETF 3.1 39 9 6.7 -0.8
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -10 8.8 +1.3
BNE Blue Horizon BNE ETF 3.0 87 -39 5.0 -2.5
TTAI FCF International Quality ETF 3.0 59 -11 7.4 -0.1
WPS iShares International Developed Property ETF 2.9 48 0 7.2 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.9 12 36 8.7 +1.2
METV Roundhill Ball Metaverse ETF 2.8 59 -11 3.4 -4.1
IGPT Invesco AI and Next Gen Software ETF 2.8 60 -12 3.8 -3.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.7 39 9 12.7 +5.2
IOO iShares Global 100 ETF 2.7 41 7 4.8 -2.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.6 45 3 6.2 -1.2
CID VictoryShares International High Div Volatility Wtd ETF 2.6 45 3 9.5 +2.0
URA Global X Uranium ETF 2.6 69 -21 3.9 -3.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.5 10 38 8.2 +0.7
NERD Roundhill Video Games ETF 2.5 50 -2 8.0 +0.5
GQRE FlexShares Global Quality Real Estate Index Fund 2.5 45 3 6.9 -0.6
ODDS Pacer BlueStar Digital Entertainment ETF 2.4 60 -12 3.0 -4.5
ESPO VanEck Video Gaming and eSports ETF 2.4 56 -8 4.5 -3.0
RAYD Rayliant Quantitative Developed Market Equity ETF 2.4 80 -32 4.5 -3.0
GGME Invesco Next Gen Media and Gaming ETF 2.4 60 -12 4.1 -3.4
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 -2 11.6 +4.1
AVDV Avantis International Small Cap Value ETF 2.2 36 12 8.0 +0.5
HERO Global X Video Games & Esports ETF 2.2 50 -2 5.1 -2.4
SHPP Pacer Industrials and Logistics ETF 2.1 60 -12 8.9 +1.4
FAN First Trust Global Wind Energy ETF 2.1 60 -12 5.5 -2.0
DTEC ALPS Disruptive Technologies ETF 2.1 50 -2 3.3 -4.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 -20 5.3 -2.2
ERET iShares Environmentally Aware Real Estate ETF 2.1 30 18 7.3 -0.2
IFGL iShares International Developed Real Estate ETF 2.1 48 0 7.0 -0.5
CGGO Capital Group Global Growth Equity ETF 2.0 47 1 4.3 -3.2
HYDR Global X Hydrogen ETF 2.0 50 -2 -13.6 -21.0
GDOC Goldman Sachs Future Health Care Equity ETF 2.0 75 -27 3.2 -4.3
AGQI First Trust Active Global Quality Income ETF 1.9 85 -37 5.8 -1.7
GWX SPDR S&P International Small Cap ETF 1.9 40 8 6.6 -0.9
CGV Conductor Global Equity Value ETF 1.9 130 -82 11.3 +3.9
CANC Tema Oncology ETF 1.9 75 -27 -4.4 -11.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.9 65 -17 8.4 +0.9
GSFP Goldman Sachs Future Planet Equity ETF 1.9 75 -27 4.5 -2.9
ISCF iShares International SmallCap Equity Factor ETF 1.9 23 25 8.8 +1.3
ANEW ProShares MSCI Transformational Changes ETF 1.8 45 3 3.3 -4.1
BATT Amplify Lithium & Battery Technology ETF 1.8 59 -11 2.9 -4.6
GDVD R3 Global Dividend Growth ETF 1.8 88 -40 5.8 -1.7
IWFH iShares Virtual Work and Life Multisector ETF 1.7 47 1 -3.5 -11.0
FIXT Procure Disaster Recovery Strategy ETF 1.7 75 -27 5.7 -1.8
FMET Fidelity Metaverse ETF 1.7 39 9 4.4 -3.1
FPAG FPA Global Equity ETF 1.7 49 -1 5.7 -1.8
SCHC Schwab International Small-Cap Equity ETF 1.7 11 37 6.4 -1.1
IQM Franklin Intelligent Machines ETF 1.6 50 -2 3.1 -4.4
AGNG Global X Aging Population ETF 1.6 50 -2 4.1 -3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 7 41 6.5 -1.0
FPXI First Trust International Equity Opportunities ETF 1.5 70 -22 3.6 -3.9
TMFG Motley Fool Global Opportunities ETF 1.5 85 -37 3.3 -4.2
PSP Invesco Global Listed Private Equity ETF 1.5 106 -58 9.1 +1.6
DEW WisdomTree Global High Dividend Fund 1.5 58 -10 9.1 +1.6
MOTO SmartETFs Smart Transportation & Technology ETF 1.5 68 -20 6.6 -0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.4 80 -32 11.0 +3.5
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 -10 11.6 +4.1
HAP VanEck Natural Resources ETF 1.4 50 -2 9.5 +2.0
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 -20 4.2 -3.3
IVRS iShares Future Metaverse Tech and Communications ETF 1.4 47 1 -5.3 -12.8
IDNA iShares Genomics Immunology and Healthcare ETF 1.4 47 1 -5.2 -12.6
EV Mast Global Battery Recycling & Production ETF 1.3 65 -17 12.8 +5.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 9 11.0 +3.5
BECO BlackRock Future Climate and Sustainable Economy ETF 1.2 70 -22 13.7 +6.2
MOTG VanEck Morningstar Global Wide Moat ETF 1.2 52 -4 5.8 -1.7
FILL iShares MSCI Global Energy Producers ETF 1.2 39 9 9.0 +1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.2 58 -10 4.6 -2.9
OCEN IQ Clean Oceans ETF 1.1 45 3 5.3 -2.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -24 2.2 -5.3
JXI iShares Global Utilities ETF 1.1 43 5 6.7 -0.8
EFAS Global X MSCI SuperDividend EAFE ETF 1.1 57 -9 9.7 +2.2
LIT Global X Lithium & Battery Tech ETF 1.1 75 -27 10.2 +2.7
SEA U.S. Global Sea to Sky Cargo ETF 1.0 60 -12 24.1 +16.6
FDVV Fidelity High Dividend ETF 1.0 15 33 8.9 +1.5
IDAT iShares Future Cloud 5G and Tech ETF 1.0 47 1 4.5 -3.0
WDNA WisdomTree BioRevolution Fund 0.9 45 3 -4.5 -12.0
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 -2 6.9 -0.6
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 -11 7.2 -0.3
IXC iShares Global Energy ETF 0.9 44 4 8.2 +0.7
DISV Dimensional International Small Cap Value ETF 0.9 42 6 9.2 +1.8
IDRV iShares Self-driving EV & Tech ETF 0.9 47 1 -0.5 -8.0
HJEN Direxion Hydrogen ETF 0.8 45 3 -3.2 -10.7
GNR SPDR S&P Global Natural Resources ETF 0.8 40 8 9.2 +1.7
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -22 9.1 +1.7
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 33 7.9 +0.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.8 45 3 1.4 -6.1
ARKX ARK Space Exploration & Innovation ETF 0.8 75 -27 1.7 -5.8
SANE Subversive Mental Health ETF 0.8 75 -27 0.0 -7.5
CRAK VanEck Oil Refiners ETF 0.8 61 -13 13.1 +5.6
SAGP Strategas Global Policy Opportunities ETF 0.7 65 -17 4.5 -3.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -8 13.9 +6.4
TINT ProShares Smart Materials ETF 0.6 58 -10 5.6 -1.8
IBLC iShares Blockchain and Tech ETF 0.6 47 1 -1.0 -8.4
MOTI VanEck Morningstar International Moat ETF 0.6 58 -10 6.9 -0.6
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 -27 6.6 -0.9
SNSR Global X Internet of Things ETF 0.6 68 -20 4.3 -3.2
IQRA IQ CBRE Real Assets ETF 0.6 65 -17 5.9 -1.6
MOO VanEck Agribusiness ETF 0.6 53 -5 9.4 +1.9
CHAT Roundhill Generative AI & Technology ETF 0.6 75 -27 4.2 -3.3
BOAT SonicShares Global Shipping ETF 0.6 69 -21 29.1 +21.6
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 9 9.2 +1.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.5 68 -20 1.1 -6.3
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -17 2.8 -4.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 1 5.2 -2.3
HART IQ Healthy Hearts ETF 0.5 45 3 5.3 -2.1
OND ProShares On-Demand ETF 0.5 58 -10 -2.5 -9.9
EATV VegTech Plant-based Innovation & Climate ETF 0.5 75 -27 1.0 -6.5
KCAL Subversive Food Security ETF 0.5 75 -27 0.0 -7.5
KROP Global X AgTech & Food Innovation ETF 0.5 50 -2 4.7 -2.8
IVEG iShares Emergent Food and AgTech Multisector ETF 0.5 47 1 8.3 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 2 8.8 +1.3
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -14 3.7 -3.8
BLOK Amplify Transformational Data Sharing ETF 0.4 75 -27 1.1 -6.4
HDRO Defiance Next Gen H2 ETF 0.4 30 18 -11.1 -18.6
SUPL ProShares Supply Chain Logistics ETF 0.4 58 -10 13.1 +5.6
JRNY ALPS Global Travel Beneficiaries ETF 0.4 65 -17 0.0 -7.5
TINY ProShares Nanotechnology ETF 0.4 58 -10 1.9 -5.6
LNGG Roundhill Alerian LNG ETF 0.4 65 -17 8.5 +1.1
BCDF Horizon Kinetics Blockchain Development ETF 0.4 85 -37 -0.7 -8.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.4 85 -37 4.9 -2.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 1 5.3 -2.2
PIO Invesco Global Water ETF 0.3 75 -27 4.9 -2.6
LUXX Roundhill S&P Global Luxury ETF 0.3 45 3 2.7 -4.8
STCE Schwab Crypto Thematic ETF 0.3 30 18 -8.0 -15.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 2 5.6 -1.9
ICLN iShares Global Clean Energy ETF 0.3 41 7 4.3 -3.2
TRFK Pacer Data and Digital Revolution ETF 0.3 60 -12 4.0 -3.4
MRAD SmartETFs Advertising & Marketing Technology ETF 0.3 68 -20 4.2 -3.3
ISHP First Trust Nasdaq Retail ETF 0.3 60 -12 3.1 -4.3
KOIN Capital Link Global Fintech Leaders ETF 0.3 75 -27 4.6 -2.9
FICS First Trust International Developed Capital Strength ETF 0.3 70 -22 6.1 -1.4
SOCL Global X Social Media ETF 0.3 65 -17 -5.8 -13.2
BKCH Global X Blockchain ETF 0.2 50 -2 -5.2 -12.7
WOOD iShares Global Timber & Forestry ETF 0.2 42 6 9.6 +2.1
COPX Global X Copper Miners ETF 0.2 65 -17 6.9 -0.6
DMAT Global X Disruptive Materials ETF 0.2 59 -11 9.9 +2.4
GMET VanEck Green Metals ETF 0.2 63 -15 9.8 +2.3
VIDI Vident International Equity Strategy ETF 0.2 61 -13 11.9 +4.4
LOUP Innovator Deepwater Frontier Tech ETF 0.2 70 -22 2.3 -5.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -38 1.9 -5.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -38 1.9 -5.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 -12 0.9 -6.5
OGIG ALPS O'Shares Global Internet Giants ETF 0.2 48 0 0.5 -7.0
ARKF ARK Fintech Innovation ETF 0.2 75 -27 -2.2 -9.7
SPAM Themes Cybersecurity ETF 0.2 35 13 2.0 -5.5
IHAK iShares Cybersecurity & Tech ETF 0.2 47 1 3.2 -4.3
MVPS Amplify Thematic All-Stars ETF 0.1 49 -1 1.7 -5.8
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 1.9 -5.6
XDAT Franklin Exponential Data ETF 0.1 50 -2 2.9 -4.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -12 3.9 -3.6
CLOD Themes Cloud Computing ETF 0.1 35 13 3.7 -3.8
BUG Global X Cybersecurity ETF 0.1 51 -3 2.4 -5.1
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.1 60 -12 3.8 -3.7
CUT Invesco MSCI Global Timber ETF 0.1 61 -13 8.6 +1.1
PRNT 3D Printing ETF 0.1 66 -18 -4.1 -11.5
EBLU Ecofin Global Water ESG Fund 0.1 40 8 3.9 -3.6
BJK VanEck Gaming ETF 0.1 65 -17 1.8 -5.7
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -20 1.4 -6.1
IBUY Amplify Online Retail ETF 0.1 65 -17 1.8 -5.7
SMOG VanEck Low Carbon Energy ETF 0.1 61 -13 3.0 -4.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.1 75 -27 7.8 +0.3
BUYZ Franklin Disruptive Commerce ETF 0.1 50 -2 2.1 -5.4
FDHT Fidelity Digital Health ETF 0.1 39 9 -2.4 -9.9
DVYA iShares Asia/Pacific Dividend ETF 0.1 49 -1 9.1 +1.7
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.0 75 -27 5.4 -2.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 9 -1.3 -8.8
AQWA Global X Clean Water ETF 0.0 50 -2 4.3 -3.2
CGW Invesco S&P Global Water Index ETF 0.0 57 -9 3.8 -3.7
IWTR iShares MSCI Water Management Multisector ETF 0.0 47 1 4.8 -2.7
AHOY Newday Ocean Health ETF 0.0 75 -27 5.6 -1.9
FRNW Fidelity Clean Energy ETF 0.0 39 9 3.7 -3.8
RNRG Global X Renewable Energy Producers ETF 0.0 66 -18 4.9 -2.6
PBD Invesco Global Clean Energy ETF 0.0 75 -27 -3.9 -11.4
TAN Invesco Solar ETF 0.0 67 -19 6.2 -1.3
GFOF Grayscale Future of Finance ETF 0.0 70 -22 -4.0 -11.4
SLVP iShares MSCI Global Silver Miners ETF 0.0 39 9 3.8 -3.7
RAYS Global X Solar ETF 0.0 51 -3 4.7 -2.8
GNOM Global X Genomics & Biotechnology ETF 0.0 50 -2 -5.4 -12.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -37 8.1 +0.6

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 10.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.