iShares JPX-Nikkei 400 ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 10.9x P/Sales
ratio		 0.6x
P/BV
ratio		 1.0x Div.
yield		 4.0%


  • 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) $177
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) $33,385
Large cap (>$10bn) 67.4%
Mid cap ($2-10bn) 29.0%
Small cap (<$2bn) 3.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RECRUIT HOLDINGS CO LTD 1.7 %
HITACHI LTD 1.7 %
MITSUBISHI HEAVY INDUSTRIES 1.6 %
SONY CORP 1.6 %
ITOCHU CORP 1.5 %
HOYA CORP 1.5 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.5 %
TOKIO MARINE HOLDINGS INC 1.5 %
SHIN-ETSU CHEMICAL CO LTD 1.5 %
MIZUHO FINANCIAL GROUP INC 1.5 %
Total 15.5 %

TOP COUNTRY EXPOSURE
JAPAN 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.9% 19.0% 6.1% 5.9% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.73 66%
MSCI EAFE 0.83 82%
MSCI Emg. Mkts. 0.78 70%

Technical Indicators
Recent close $73.64
30d moving avg. $75.55
Annualized volatility 16.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 29
Turnover 1.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $33,710

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 368 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™: 10.3%


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 79.5 50 -2 9.8 -0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 78.6 47 1 7.8 -2.5
BBJP JPMorgan BetaBuilders Japan ETF 78.1 19 29 8.5 -1.8
FLJP Franklin FTSE Japan ETF 77.3 9 39 8.4 -1.9
FLJH Franklin FTSE Japan Hedged ETF 76.9 9 39 8.0 -2.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 71.8 25 23 9.4 -0.9
DXJ WisdomTree Japan Hedged Equity Fund 57.1 48 0 8.9 -1.4
IPAC iShares Core MSCI Pacific ETF 54.0 9 39 8.3 -2.0
EWJV iShares MSCI Japan Value ETF 51.1 15 33 12.2 +1.9
VPL Vanguard FTSE Pacific ETF 47.0 8 40 7.8 -2.5
FJP First Trust Japan AlphaDEX Fund 30.7 80 -32 11.6 +1.3
IVLU iShares MSCI Intl Value Factor ETF 27.8 30 18 11.8 +1.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 23.9 35 13 6.8 -3.5
IQSI IQ Candriam International Equity ETF 23.8 15 33 6.6 -3.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.9 14 34 6.2 -4.1
IDMO Invesco S&P International Developed Momentum ETF 22.8 25 23 5.8 -4.5
GSID Goldman Sachs MarketBeta International Equity ETF 22.3 20 28 7.0 -3.3
DMXF iShares ESG Advanced MSCI EAFE ETF 22.2 12 36 5.8 -4.5
EFG iShares MSCI EAFE Growth ETF 21.8 36 12 4.8 -5.5
JHMD John Hancock Multifactor Developed International ETF 21.7 39 9 7.8 -2.5
IQIN IQ 500 International ETF 21.7 25 23 9.3 -1.0
FNDF Schwab Fundamental International Large Co. Index ETF 21.7 25 23 10.2 -0.1
VIGI Vanguard International Dividend Appreciation ETF 21.3 15 33 6.5 -3.8
HFXI IQ FTSE International Equity Currency Neutral ETF 21.2 20 28 7.0 -3.3
UIVM VictoryShares International Value Momentum ETF 21.1 35 13 11.1 +0.8
DIVI Franklin International Core Dividend Tilt Index ETF 21.1 9 39 8.1 -2.2
DIHP Dimensional International High Profitability ETF 20.9 29 19 7.6 -2.7
EFA iShares MSCI EAFE ETF 20.8 35 13 7.2 -3.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 20.7 20 28 6.8 -3.5
ESGD iShares ESG Aware MSCI EAFE ETF 20.6 20 28 7.3 -3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 20.4 24 24 8.8 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.2 36 12 6.5 -3.8
JIRE JPMorgan International Research Enhanced Equity ETF 20.2 24 24 7.0 -3.3
BKIE BNY Mellon International Equity ETF 20.1 4 44 7.1 -3.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 20.0 30 18 7.5 -2.8
IEFA iShares Core MSCI EAFE ETF 20.0 7 41 7.4 -2.9
EFV iShares MSCI EAFE Value ETF 19.6 34 14 9.7 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 18.7 31 17 6.7 -3.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 18.7 22 26 7.1 -3.2
FENI Fidelity Enhanced International ETF 18.6 28 20 8.1 -2.2
SCHF Schwab International Equity ETF 18.6 6 42 7.6 -2.7
SPDW SPDR Portfolio Developed World ex-US ETF 18.5 3 45 7.4 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.5 45 3 9.0 -1.3
IMTM iShares MSCI Intl Momentum Factor ETF 18.3 30 18 7.4 -2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.2 25 23 7.3 -3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 18.1 37 11 9.0 -1.3
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 18.0 51 -3 7.0 -3.3
TPIF Timothy Plan International ETF 18.0 62 -14 6.9 -3.4
CIL VictoryShares International Volatility Wtd ETF 18.0 45 3 7.0 -3.3
FIVA Fidelity International Value Factor ETF 17.8 18 30 10.3 +0.0
DFAI Dimensional International Core Equity Market ETF 17.8 18 30 7.2 -3.1
DFIV Dimensional International Value ETF 17.7 27 21 10.1 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 17.7 4 44 7.4 -2.9
INTF iShares International Equity Factor ETF 17.4 15 33 8.4 -1.9
IGRO iShares International Dividend Growth ETF 17.4 15 33 8.0 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 17.1 83 -35 10.2 -0.1
VEA Vanguard FTSE Developed Markets ETF 17.1 5 43 7.3 -3.0
QINT American Century Quality Diversified International ETF 16.9 39 9 7.7 -2.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 16.9 80 -32 8.8 -1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.9 20 28 6.9 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.7 39 9 7.7 -2.6
DIM WisdomTree International MidCap Dividend Fund 16.4 58 -10 7.8 -2.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 16.2 65 -17 4.6 -5.7
DWM WisdomTree International Equity Fund 15.9 48 0 7.9 -2.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.8 12 36 6.0 -4.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.7 40 8 7.9 -2.4
DFSI Dimensional International Sustainability Core 1 ETF 15.6 24 24 6.3 -4.0
DFIC Dimensional International Core Equity 2 ETF 15.1 23 25 7.6 -2.7
DOL WisdomTree International LargeCap Dividend Fund 14.9 48 0 7.8 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 14.3 18 30 7.0 -3.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.2 39 9 7.5 -2.8
FDEV Fidelity International Multifactor ETF 14.1 18 30 7.7 -2.6
AVDE Avantis International Equity ETF 13.8 23 25 8.1 -2.2
JIG JPMorgan International Growth ETF 13.8 55 -7 4.6 -5.7
IMFL Invesco International Developed Dynamic Multifactor ETF 13.6 34 14 5.7 -4.6
VEU Vanguard FTSE All-World ex-US Index Fund 13.5 8 40 7.2 -3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 13.3 32 16 6.0 -4.3
VSGX Vanguard ESG International Stock ETF 13.2 12 36 6.7 -3.6
UMMA Wahed Dow Jones Islamic World ETF 13.0 65 -17 4.4 -5.9
CWI SPDR MSCI ACWI ex-US ETF 13.0 30 18 7.1 -3.2
ACWX iShares MSCI ACWI ex U.S. ETF 12.9 34 14 7.1 -3.2
CGIE Capital Group International Equity ETF 12.8 54 -6 4.8 -5.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.7 41 7 7.2 -3.1
IQLT iShares MSCI Intl Quality Factor ETF 12.6 30 18 6.1 -4.2
VXUS Vanguard Total International Stock ETF 12.5 7 41 7.1 -3.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.3 29 19 8.7 -1.6
IXUS iShares Core MSCI Total International Stock ETF 12.3 7 41 7.3 -3.0
SCJ iShares MSCI Japan Small-Cap ETF 12.1 50 -2 7.5 -2.8
SCZ iShares MSCI EAFE Small-Cap ETF 11.9 40 8 6.7 -3.6
EXI iShares Global Industrials ETF 11.8 42 6 4.6 -5.7
VYMI Vanguard International High Dividend Yield ETF 11.7 22 26 9.9 -0.4
DWMF WisdomTree International Multifactor Fund 11.6 38 10 7.5 -2.8
JHID John Hancock International High Dividend ETF 11.4 46 2 11.3 +1.0
IQDG WisdomTree International Quality Dividend Growth Fund 11.4 42 6 6.6 -3.7
RODE Hartford Multifactor Diversified International ETF 11.4 29 19 11.9 +1.6
AVIV Avantis International Large Cap Value ETF 11.4 25 23 9.1 -1.2
IDHQ Invesco S&P International Developed High Quality ETF 11.4 29 19 6.2 -4.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.4 58 -10 6.1 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.3 47 1 9.2 -1.1
FIDI Fidelity International High Dividend ETF 10.9 18 30 11.0 +0.7
IQDF FlexShares International Quality Dividend Index Fund 10.9 47 1 12.5 +2.2
VWID Virtus WMC International Dividend ETF 10.7 49 -1 9.5 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.4 30 18 7.9 -2.4
IQDE FlexShares International Quality Dividend Defensive Index ET 9.8 47 1 14.5 +4.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 9.7 68 -20 8.1 -2.2
KNO AXS Knowledge Leaders ETF 9.4 78 -30 4.9 -5.4
DSTX Distillate International Fundamental Stability & Value ETF 9.3 55 -7 8.2 -2.1
RXI iShares Global Consumer Discretionary ETF 9.0 41 7 6.1 -4.2
ACWV iShares MSCI Global Min Vol Factor ETF 9.0 20 28 6.7 -3.6
DGT SPDR Global Dow ETF 8.8 50 -2 7.0 -3.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.7 50 -2 5.3 -5.0
FNDC Schwab Fundamental International Small Co. Index ETF 8.7 39 9 7.3 -3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.6 80 -32 5.7 -4.6
NXTG First Trust Indxx NextG ETF 7.9 70 -22 6.8 -3.5
CGXU Capital Group International Focus Equity ETF 7.6 54 -6 4.8 -5.5
WRND IQ Global Equity R&D Leaders ETF 7.5 18 30 7.5 -2.8
WLDR Affinity World Leaders Equity ETF 7.4 67 -19 8.2 -2.1
BIGFX Baron International Growth Retail 7.4 75 -27 3.2 -7.1
CLNR IQ Cleaner Transport ETF 7.4 45 3 6.9 -3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.3 49 -1 6.9 -3.4
EQIN Columbia US Equity Income ETF 7.2 35 13 8.4 -1.9
IVAL Alpha Architect International Quantitative Value ETF 7.0 49 -1 11.5 +1.2
LVHI Franklin International Low Volatility High Dividend Index ET 6.9 40 8 10.1 -0.2
QTUM Defiance Quantum ETF 6.8 40 8 3.6 -6.7
GCOW Pacer Global Cash Cows Dividend ETF 6.8 60 -12 13.3 +3.0
BULD Pacer BlueStar Engineering the Future ETF 6.8 60 -12 1.4 -8.9
QWLD SPDR MSCI World StrategicFactors ETF 6.7 30 18 6.1 -4.2
DWX SPDR S&P International Dividend ETF 6.6 45 3 6.5 -3.8
AIVI WisdomTree International AI Enhanced Value Fund 6.6 58 -10 8.3 -2.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.2 25 23 5.6 -4.7
WWJD Inspire International ETF 6.2 80 -32 7.1 -3.2
OSEA Harbor International Compounders ETF 6.2 55 -7 4.2 -6.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.1 65 -17 13.2 +2.9
BKCI BNY Mellon Concentrated International ETF 6.1 80 -32 4.0 -6.3
DTH WisdomTree International High Dividend Fund 5.7 58 -10 10.1 -0.2
IBOT Vaneck Robotics ETF 5.5 47 1 4.1 -6.2
ESGG FlexShares STOXX Global ESG Select Index Fund 5.5 42 6 5.1 -5.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.3 80 -32 3.4 -6.9
DRIV Global X Autonomous & Electric Vehicles ETF 5.1 68 -20 5.2 -5.1
URTH iShares MSCI World ETF 5.1 24 24 5.3 -5.0
ROBO ROBO Global Robotics & Automation Index ETF 5.0 95 -47 3.6 -6.7
BINV Brandes International ETF 5.0 70 -22 8.3 -2.0
FBOT Fidelity Disruptive Automation ETF 5.0 50 -2 3.7 -6.6
IXP iShares Global Comm Services ETF 5.0 42 6 5.6 -4.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.9 9 39 9.8 -0.5
KXI iShares Global Consumer Staples ETF 4.8 41 7 5.7 -4.6
KLMT Invesco MSCI Global Climate 500 ETF 4.8 10 38 5.4 -4.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.7 42 6 7.9 -2.4
GLOF iShares Global Equity Factor ETF 4.7 20 28 7.1 -3.2
CGDG Capital Group Dividend Growers ETF 4.6 47 1 6.6 -3.7
IXG iShares Global Financials ETF 4.6 42 6 6.5 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 28 5.3 -5.0
ACWI iShares MSCI ACWI ETF 4.5 32 16 5.4 -4.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.5 47 1 5.4 -4.9
VT Vanguard Total World Stock ETF 4.5 7 41 5.6 -4.7
SXUS Janus Henderson International Sustainable Equity ETF 4.5 60 -12 4.2 -6.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.5 9 39 5.5 -4.8
IXJ iShares Global Healthcare ETF 4.3 42 6 6.1 -4.2
FID First Trust S&P International Dividend Aristocrats ETF 4.1 60 -12 8.9 -1.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.1 45 3 -0.3 -10.6
IBAT iShares Energy Storage & Materials ETF 4.0 47 1 3.4 -6.9
CID VictoryShares International High Div Volatility Wtd ETF 3.8 45 3 9.2 -1.1
MOTG VanEck Morningstar Global Wide Moat ETF 3.8 52 -4 5.5 -4.8
WDIV SPDR S&P Global Dividend ETF 3.8 40 8 9.4 -0.9
JSTC Adasina Social Justice All Cap Global ETF 3.7 89 -41 5.2 -5.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.7 65 -17 0.4 -9.9
ARVR First Trust Indxx Metaverse ETF 3.6 70 -22 1.2 -9.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.6 70 -22 4.2 -6.1
IDOG ALPS International Sector Dividend Dogs ETF 3.6 50 -2 12.5 +2.2
BNGE First Trust S-Network Streaming and Gaming ETF 3.6 70 -22 -2.5 -12.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.5 75 -27 5.0 -5.3
BTEK Future Tech ETF 3.5 88 -40 2.4 -7.9
BOTZ Global X Robotics & Artificial Intelligence ETF 3.5 69 -21 2.5 -7.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.5 12 36 4.8 -5.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 3.4 58 -10 7.8 -2.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.4 75 -27 3.0 -7.3
DFJ WisdomTree Japan SmallCap Dividend Fund 3.4 58 -10 8.3 -2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 -1 5.4 -4.9
BLES Inspire Global Hope ETF 3.4 61 -13 6.4 -3.9
MXI iShares Global Materials ETF 3.4 41 7 6.8 -3.5
XT iShares Exponential Technologies ETF 3.4 46 2 4.8 -5.5
FYLD Cambria Foreign Shareholder Yield ETF 3.3 59 -11 13.5 +3.2
AGQI First Trust Active Global Quality Income ETF 3.3 85 -37 6.4 -3.9
IXN iShares Global Tech ETF 3.3 41 7 4.3 -6.0
DLS WisdomTree International SmallCap Dividend Fund 3.2 58 -10 8.8 -1.5
RAYD Rayliant Quantitative Developed Market Equity ETF 3.2 80 -32 3.9 -6.4
KOCG FIS Knights of Columbus Global Belief ETF 3.2 75 -27 5.3 -5.0
SCHY Schwab International Dividend Equity ETF 3.2 14 34 9.2 -1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 3.2 55 -7 9.7 -0.6
DFIS Dimensional International Small Cap ETF 3.2 39 9 6.8 -3.5
TEMP JPMorgan Climate Change Solutions ETF 3.1 49 -1 5.3 -5.0
URA Global X Uranium ETF 3.1 69 -21 2.4 -7.9
MDEV First Trust Indxx Medical Devices ETF 3.0 70 -22 4.1 -6.2
METV Roundhill Ball Metaverse ETF 3.0 59 -11 4.2 -6.1
BNE Blue Horizon BNE ETF 2.9 87 -39 4.5 -5.8
GINN Goldman Sachs Innovate Equity ETF 2.8 52 -4 2.8 -7.5
NTZG Nuveen Global Net Zero Transition ETF 2.7 56 -8 4.8 -5.5
IDLV Invesco S&P International Developed Low Volatility ETF 2.7 25 23 6.0 -4.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.7 39 9 12.1 +1.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.6 12 36 7.9 -2.4
AVDV Avantis International Small Cap Value ETF 2.6 36 12 8.2 -2.1
NERD Roundhill Video Games ETF 2.6 50 -2 8.5 -1.8
DINT Davis Select International ETF 2.6 55 -7 5.8 -4.5
IMOM Alpha Architect International Quantitative Momentum ETF 2.6 49 -1 7.6 -2.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.5 45 3 5.7 -4.6
KNCT Invesco Next Gen Connectivity ETF 2.5 40 8 5.5 -4.8
ESPO VanEck Video Gaming and eSports ETF 2.5 56 -8 4.2 -6.1
ODDS Pacer BlueStar Digital Entertainment ETF 2.5 60 -12 2.7 -7.6
FPXI First Trust International Equity Opportunities ETF 2.5 70 -22 6.8 -3.5
GGME Invesco Next Gen Media and Gaming ETF 2.4 60 -12 3.6 -6.7
FDTX Fidelity Disruptive Technology ETF 2.4 50 -2 2.9 -7.4
IPKW Invesco International BuyBack Achievers ETF 2.3 55 -7 11.1 +0.8
IGPT Invesco AI and Next Gen Software ETF 2.3 60 -12 3.8 -6.5
HERO Global X Video Games & Esports ETF 2.2 50 -2 4.8 -5.5
CANC Tema Oncology ETF 2.2 75 -27 -3.6 -13.9
GWX SPDR S&P International Small Cap ETF 2.2 40 8 6.6 -3.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.2 10 38 7.5 -2.8
ISCF iShares International SmallCap Equity Factor ETF 2.1 23 25 9.1 -1.2
GQRE FlexShares Global Quality Real Estate Index Fund 2.1 45 3 5.9 -4.4
SHPP Pacer Industrials and Logistics ETF 2.1 60 -12 10.0 -0.3
FIXT Procure Disaster Recovery Strategy ETF 2.1 75 -27 5.7 -4.6
AGNG Global X Aging Population ETF 2.1 50 -2 4.0 -6.3
IOO iShares Global 100 ETF 2.1 41 7 4.9 -5.4
DTEC ALPS Disruptive Technologies ETF 2.0 50 -2 3.8 -6.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.0 80 -32 10.4 +0.1
ANEW ProShares MSCI Transformational Changes ETF 1.9 45 3 3.5 -6.8
FAN First Trust Global Wind Energy ETF 1.9 60 -12 5.0 -5.3
IFGL iShares International Developed Real Estate ETF 1.8 48 0 6.6 -3.7
ERET iShares Environmentally Aware Real Estate ETF 1.8 30 18 6.4 -3.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.8 65 -17 8.9 -1.4
CGGO Capital Group Global Growth Equity ETF 1.7 47 1 4.5 -5.8
JGLO JPMorgan Global Select Equity ETF 1.7 33 15 4.4 -5.9
IQM Franklin Intelligent Machines ETF 1.7 50 -2 3.3 -7.0
MOTI VanEck Morningstar International Moat ETF 1.7 58 -10 5.7 -4.6
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -20 3.9 -6.4
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 9 11.2 +0.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 -20 2.0 -8.3
FPAG FPA Global Equity ETF 1.7 49 -1 5.5 -4.8
TTAI FCF International Quality ETF 1.7 59 -11 5.5 -4.8
IVRS iShares Future Metaverse Tech and Communications ETF 1.6 47 1 -4.7 -15.0
GDOC Goldman Sachs Future Health Care Equity ETF 1.6 75 -27 3.4 -6.9
MINV Matthews Asia Innovators Active ETF 1.6 79 -31 3.1 -7.2
IDNA iShares Genomics Immunology and Healthcare ETF 1.6 47 1 -4.1 -14.4
IWTR iShares MSCI Water Management Multisector ETF 1.6 47 1 4.9 -5.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 7 41 6.5 -3.8
GSFP Goldman Sachs Future Planet Equity ETF 1.5 75 -27 4.3 -6.0
GDVD R3 Global Dividend Growth ETF 1.5 88 -40 5.4 -4.9
DEW WisdomTree Global High Dividend Fund 1.5 58 -10 8.6 -1.7
TMFG Motley Fool Global Opportunities ETF 1.5 85 -37 3.3 -7.0
SCHC Schwab International Small-Cap Equity ETF 1.4 11 37 6.6 -3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.4 39 9 12.6 +2.3
BECO BlackRock Future Climate and Sustainable Economy ETF 1.4 70 -22 11.1 +0.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 -10 4.5 -5.8
EV Mast Global Battery Recycling & Production ETF 1.3 65 -17 12.1 +1.8
MOTO SmartETFs Smart Transportation & Technology ETF 1.3 68 -20 7.3 -3.0
CGV Conductor Global Equity Value ETF 1.2 130 -82 11.0 +0.7
HAP VanEck Natural Resources ETF 1.2 50 -2 9.8 -0.5
HYDR Global X Hydrogen ETF 1.2 50 -2 -16.2 -26.5
ION ProShares S&P Global Core Battery Metals ETF 1.2 58 -10 15.1 +4.8
EFAS Global X MSCI SuperDividend EAFE ETF 1.1 57 -9 10.8 +0.5
TINY ProShares Nanotechnology ETF 1.1 58 -10 1.7 -8.6
LIT Global X Lithium & Battery Tech ETF 1.1 75 -27 10.7 +0.4
FILL iShares MSCI Global Energy Producers ETF 1.1 39 9 10.4 +0.1
FDVV Fidelity High Dividend ETF 1.1 15 33 8.7 -1.6
SEA U.S. Global Sea to Sky Cargo ETF 1.1 60 -12 20.5 +10.2
JXI iShares Global Utilities ETF 1.1 43 5 5.8 -4.5
HART IQ Healthy Hearts ETF 1.0 45 3 4.8 -5.5
IDAT iShares Future Cloud 5G and Tech ETF 1.0 47 1 4.1 -6.2
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 13 5.1 -5.2
OCEN IQ Clean Oceans ETF 1.0 45 3 6.0 -4.3
IVES Wedbush ETFMG Global Cloud Technology ETF 0.9 68 -20 0.5 -9.8
CHAT Roundhill Generative AI & Technology ETF 0.9 75 -27 3.3 -7.0
WDNA WisdomTree BioRevolution Fund 0.9 45 3 -3.6 -13.9
SAGP Strategas Global Policy Opportunities ETF 0.9 65 -17 5.3 -5.0
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 33 7.3 -3.0
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -11 0.3 -10.0
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -2 6.1 -4.2
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -11 7.2 -3.1
IXC iShares Global Energy ETF 0.8 44 4 9.3 -1.0
CRAK VanEck Oil Refiners ETF 0.8 61 -13 15.5 +5.2
GNR SPDR S&P Global Natural Resources ETF 0.8 40 8 9.6 -0.7
ARKX ARK Space Exploration & Innovation ETF 0.7 75 -27 2.6 -7.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -8 13.5 +3.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.7 45 3 3.2 -7.1
DISV Dimensional International Small Cap Value ETF 0.7 42 6 9.1 -1.2
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.7 68 -20 -0.1 -10.4
IDRV iShares Self-driving EV & Tech ETF 0.7 47 1 -0.2 -10.5
IQRA IQ CBRE Real Assets ETF 0.6 65 -17 5.1 -5.2
BOAT SonicShares Global Shipping ETF 0.6 69 -21 33.9 +23.6
SNSR Global X Internet of Things ETF 0.6 68 -20 4.8 -5.5
FDCF Fidelity Disruptive Communications ETF 0.6 50 -2 2.6 -7.7
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -22 9.4 -0.9
FDNI First Trust Dow Jones International Internet ETF 0.6 65 -17 2.0 -8.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.6 72 -24 1.2 -9.1
OGIG ALPS O'Shares Global Internet Giants ETF 0.6 48 0 2.0 -8.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 1 5.3 -5.0
MOO VanEck Agribusiness ETF 0.5 53 -5 9.5 -0.8
IBLC iShares Blockchain and Tech ETF 0.5 47 1 -1.8 -12.1
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 9 9.3 -1.0
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -14 3.7 -6.6
BLOK Amplify Transformational Data Sharing ETF 0.5 75 -27 0.1 -10.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 2 9.3 -1.0
OND ProShares On-Demand ETF 0.4 58 -10 -2.2 -12.5
PIO Invesco Global Water ETF 0.4 75 -27 5.2 -5.1
LNGG Roundhill Alerian LNG ETF 0.4 65 -17 9.4 -0.9
HDRO Defiance Next Gen H2 ETF 0.4 30 18 -21.4 -31.7
EATV VegTech Plant-based Innovation & Climate ETF 0.4 75 -27 2.2 -8.1
KROP Global X AgTech & Food Innovation ETF 0.4 50 -2 4.7 -5.6
IVEG iShares Emergent Food and AgTech Multisector ETF 0.4 47 1 8.1 -2.2
MVPS Amplify Thematic All-Stars ETF 0.4 49 -1 3.0 -7.3
CGUS Capital Group Core Equity ETF 0.4 33 15 4.4 -5.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.4 85 -37 4.0 -6.3
BCDF Horizon Kinetics Blockchain Development ETF 0.4 85 -37 4.1 -6.2
MRAD SmartETFs Advertising & Marketing Technology ETF 0.3 68 -20 5.6 -4.7
AZTD Aztlan Global Stock Selection DM SMID ETF 0.3 75 -27 4.1 -6.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -22 9.6 -0.7
FICS First Trust International Developed Capital Strength ETF 0.3 70 -22 4.6 -5.7
SUPL ProShares Supply Chain Logistics ETF 0.3 58 -10 14.5 +4.2
SOCL Global X Social Media ETF 0.3 65 -17 -6.1 -16.4
TRFK Pacer Data and Digital Revolution ETF 0.3 60 -12 3.5 -6.8
WOOD iShares Global Timber & Forestry ETF 0.3 42 6 10.3 +0.0
LUX Tema Luxury ETF 0.3 75 -27 3.1 -7.2
LUXX Roundhill S&P Global Luxury ETF 0.3 45 3 3.1 -7.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 1 8.1 -2.2
STCE Schwab Crypto Thematic ETF 0.3 30 18 -1.9 -12.2
ICLN iShares Global Clean Energy ETF 0.2 41 7 5.2 -5.1
DMAT Global X Disruptive Materials ETF 0.2 59 -11 10.4 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 2 5.0 -5.3
ARKF ARK Fintech Innovation ETF 0.2 75 -27 -0.4 -10.7
ISHP First Trust Nasdaq Retail ETF 0.2 60 -12 2.8 -7.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -38 1.7 -8.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -38 1.5 -8.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 -12 0.4 -9.9
FMET Fidelity Metaverse ETF 0.2 39 9 5.4 -4.9
COPX Global X Copper Miners ETF 0.2 65 -17 7.8 -2.5
GMET VanEck Green Metals ETF 0.2 63 -15 10.4 +0.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 -13 1.5 -8.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 -13 -2.9 -13.2
VIDI Vident International Equity Strategy ETF 0.2 61 -13 10.2 -0.1
IBUY Amplify Online Retail ETF 0.2 65 -17 1.4 -8.9
BUG Global X Cybersecurity ETF 0.1 51 -3 2.1 -8.2
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -12 4.0 -6.3
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.1 60 -12 3.4 -6.9
IHAK iShares Cybersecurity & Tech ETF 0.1 47 1 3.0 -7.3
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 2.0 -8.3
XDAT Franklin Exponential Data ETF 0.1 50 -2 2.8 -7.5
SPAM Themes Cybersecurity ETF 0.1 35 13 1.9 -8.4
BUYZ Franklin Disruptive Commerce ETF 0.1 50 -2 1.9 -8.4
TINT ProShares Smart Materials ETF 0.1 58 -10 6.1 -4.2
PRNT 3D Printing ETF 0.1 66 -18 0.7 -9.6
EBLU Ecofin Global Water ESG Fund 0.1 40 8 5.0 -5.3
GII SPDR S&P Global Infrastructure ETF 0.1 40 8 4.4 -5.9
IGF iShares Global Infrastructure ETF 0.1 41 7 4.4 -5.9
CUT Invesco MSCI Global Timber ETF 0.1 61 -13 8.7 -1.6
BJK VanEck Gaming ETF 0.1 65 -17 1.6 -8.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.1 75 -27 7.5 -2.8
DVYA iShares Asia/Pacific Dividend ETF 0.1 49 -1 9.0 -1.3
FDHT Fidelity Digital Health ETF 0.1 39 9 -2.2 -12.5
AQWA Global X Clean Water ETF 0.1 50 -2 4.2 -6.1
CGW Invesco S&P Global Water Index ETF 0.1 57 -9 4.4 -5.9
SMOG VanEck Low Carbon Energy ETF 0.1 61 -13 2.3 -8.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.1 75 -27 5.2 -5.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 9 -1.8 -12.1
AHOY Newday Ocean Health ETF 0.0 75 -27 6.4 -3.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.0 39 9 -1.7 -11.9
GFOF Grayscale Future of Finance ETF 0.0 70 -22 0.1 -10.2
SLVP iShares MSCI Global Silver Miners ETF 0.0 39 9 2.6 -7.7
GNOM Global X Genomics & Biotechnology ETF 0.0 50 -2 -5.3 -15.6

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:

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 10.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

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