iShares JPX-Nikkei 400 ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 18.9x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 3.1%


  • 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) $141
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 391
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
RECRUIT HOLDINGS CO LTD 2.0 %
HITACHI LTD 1.7 %
ITOCHU CORP 1.7 %
MITSUBISHI UFJ FINANCIAL GRO 1.7 %
SONY CORP 1.7 %
MIZUHO FINANCIAL GROUP INC 1.6 %
MITSUBISHI CORP 1.6 %
SUMITOMO MITSUI FINANCIAL GR 1.6 %
MITSUI & CO LTD 1.6 %
TOKIO MARINE HOLDINGS INC 1.6 %
Total 16.6 %

TOP COUNTRY EXPOSURE
JAPAN 96.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.3% 27.0% 9.6% 9.0% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.10 51%
MSCI EAFE 1.11 77%
MSCI Emg. Mkts. 0.61 59%

Technical Indicators
Recent close $104.56
30d moving avg. $100.22
Annualized volatility 13.2%
Short interest (ETF) 1.9%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.13%
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™: 5.0%


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 73.1 9 39 5.0 -0.0
EWJ iShares MSCI Japan ETF 72.8 50 -2 4.5 -0.5
BBJP JPMorgan BetaBuilders Japan ETF 72.4 19 29 5.0 -0.1
FLJH Franklin FTSE Japan Hedged ETF 72.0 9 39 4.9 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 69.5 47 1 4.4 -0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 65.3 25 23 5.1 +0.0
DXJ WisdomTree Japan Hedged Equity Fund 57.9 48 0 5.0 -0.0
IPAC iShares Core MSCI Pacific ETF 53.6 9 39 5.2 +0.1
EWJV iShares MSCI Japan Value ETF 46.6 15 33 6.3 +1.3
VPL Vanguard FTSE Pacific ETF 43.1 7 41 4.9 -0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 26.5 12 36 4.7 -0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 25.6 35 13 5.4 +0.4
FJP First Trust Japan AlphaDEX Fund 24.7 80 -32 7.2 +2.2
IQSI IQ Candriam International Equity ETF 24.6 15 33 5.4 +0.4
IVLU iShares MSCI Intl Value Factor ETF 24.5 30 18 7.6 +2.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 23.2 58 -10 5.6 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 23.0 20 28 5.6 +0.6
JHMD John Hancock Multifactor Developed International ETF 22.6 39 9 6.0 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.4 14 34 5.1 +0.1
VIGI Vanguard International Dividend Appreciation ETF 22.3 10 38 5.8 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 21.9 30 18 4.5 -0.5
HEFA iShares Currency Hedged MSCI EAFE ETF 21.3 35 13 5.6 +0.5
PATN Pacer Nasdaq International Patent Leaders ETF 21.2 65 -17 4.0 -1.1
EFA iShares MSCI EAFE ETF 21.1 35 13 5.5 +0.5
JIRE JPMorgan International Research Enhanced Equity ETF 21.1 24 24 5.6 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 20.9 20 28 5.4 +0.3
ESGD iShares ESG Aware MSCI EAFE ETF 20.8 20 28 5.5 +0.5
EFG iShares MSCI EAFE Growth ETF 20.7 36 12 3.7 -1.3
EFV iShares MSCI EAFE Value ETF 20.6 34 14 7.1 +2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 20.6 20 28 5.4 +0.4
IEFA iShares Core MSCI EAFE ETF 20.6 7 41 5.8 +0.8
FENI Fidelity Enhanced International ETF 20.5 28 20 5.6 +0.5
BKIE BNY Mellon International Equity ETF 20.5 4 44 17.2 +12.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.4 36 12 5.1 +0.0
DWMF WisdomTree International Multifactor Fund 20.3 38 10 6.7 +1.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 19.5 30 18 5.8 +0.8
DIHP Dimensional International High Profitability ETF 19.5 29 19 5.6 +0.6
IVSI Applied Finance IVS International Large ETF 19.4 65 -17 5.7 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.3 39 9 6.0 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.3 45 3 6.4 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 19.0 25 23 7.0 +2.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.9 20 28 5.5 +0.4
DWM WisdomTree International Equity Fund 18.4 48 0 5.4 +0.4
DFAI Dimensional International Core Equity Market ETF 18.4 18 30 5.8 +0.8
INTF iShares International Equity Factor ETF 18.4 15 33 6.2 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.3 40 8 5.5 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 18.1 4 44 5.8 +0.7
STXI Strive International Developed Markets ETF 18.1 29 19 6.3 +1.3
SCHF Schwab International Equity ETF 18.0 6 42 5.7 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 18.0 3 45 5.6 +0.6
IGRO iShares International Dividend Growth ETF 17.9 15 33 6.4 +1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.8 25 23 5.9 +0.8
TPIF Timothy Plan International ETF 17.5 62 -14 5.4 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 17.4 24 24 6.7 +1.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 17.4 22 26 5.5 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 17.1 31 17 5.3 +0.2
DIVI Franklin International Core Dividend Tilt Index ETF 17.0 9 39 6.3 +1.3
DIM WisdomTree International MidCap Dividend Fund 17.0 58 -10 6.1 +1.0
DFIV Dimensional International Value ETF 16.9 27 21 7.3 +2.3
VEA Vanguard FTSE Developed Markets ETF 16.9 3 45 5.7 +0.7
RAYJ Rayliant SMDAM Japan Equity ETF 16.8 72 -24 3.2 -1.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 16.5 80 -32 6.5 +1.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.1 12 36 5.1 +0.1
IDMO Invesco S&P International Developed Momentum ETF 16.1 25 23 4.9 -0.1
CGIE Capital Group International Equity ETF 16.0 54 -6 4.4 -0.6
IDHQ Invesco S&P International Developed High Quality ETF 16.0 29 19 4.8 -0.2
DFIC Dimensional International Core Equity 2 ETF 15.8 23 25 6.0 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 15.7 83 -35 7.2 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 15.7 24 24 5.4 +0.4
IQDG WisdomTree International Quality Dividend Growth Fund 15.2 42 6 5.6 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.0 58 -10 5.2 +0.2
DOL WisdomTree International LargeCap Dividend Fund 14.9 48 0 5.4 +0.3
JPIN J.P. Morgan Diversified Return International Equity ETF 14.9 37 11 6.8 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.8 39 9 6.6 +1.6
AVSD Avantis Responsible International Equity ETF 14.8 23 25 5.7 +0.7
AVIV Avantis International Large Cap Value ETF 14.7 25 23 6.6 +1.5
AVDE Avantis International Equity ETF 14.4 23 25 5.9 +0.9
FRGN Horizon International Equity ETF 14.1 75 -27 7.6 +2.5
SCJ iShares MSCI Japan Small-Cap ETF 14.1 50 -2 5.3 +0.2
FIVA Fidelity International Value Factor ETF 14.0 18 30 6.9 +1.9
QINT American Century Quality Diversified International ETF 13.9 39 9 6.3 +1.3
UMMA Wahed Dow Jones Islamic World ETF 13.9 65 -17 3.5 -1.5
SCZ iShares MSCI EAFE Small-Cap ETF 13.8 40 8 5.9 +0.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.5 18 30 6.1 +1.1
UIVM VictoryShares International Value Momentum ETF 13.4 35 13 7.5 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 13.3 4 44 6.4 +1.4
EXI iShares Global Industrials ETF 13.2 42 6 3.6 -1.4
DXIV Dimensional International Vector Equity ETF 13.2 34 14 6.3 +1.2
CWI SPDR MSCI ACWI ex-US ETF 12.9 30 18 6.2 +1.1
VSGX Vanguard ESG International Stock ETF 12.7 10 38 6.3 +1.3
OEFA ALPS O’Shares International Developed Quality Dividend ETF 12.7 48 0 4.8 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 12.7 34 14 5.0 0.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.6 42 6 4.0 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 12.5 34 14 6.1 +1.1
VXUS Vanguard Total International Stock ETF 12.5 5 43 6.4 +1.3
IQLT iShares MSCI Intl Quality Factor ETF 12.4 30 18 5.3 +0.2
IXUS iShares Core MSCI Total International Stock ETF 12.2 7 41 6.3 +1.3
CGXU Capital Group International Focus Equity ETF 12.1 54 -6 3.7 -1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 11.9 32 16 5.1 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.4 47 1 6.9 +1.8
LVHI Franklin International Low Volatility High Dividend Index ET 11.4 40 8 7.3 +2.2
INEQ Columbia International Equity Income ETF 11.4 45 3 7.4 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.0 41 7 5.8 +0.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 11.0 65 -17 4.1 -1.0
FIDI Fidelity International High Dividend ETF 10.9 18 30 6.9 +1.8
DTAN Sparkline International Intangible Value ETF 10.5 55 -7 6.8 +1.8
JHID John Hancock International High Dividend ETF 10.5 46 2 7.5 +2.5
VYMI Vanguard International High Dividend Yield ETF 10.2 17 31 7.5 +2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.1 30 18 6.1 +1.1
RXI iShares Global Consumer Discretionary ETF 10.1 41 7 8.5 +3.4
JIVE JPMorgan International Value ETF 10.0 55 -7 7.7 +2.6
FDEV Fidelity International Multifactor ETF 9.9 18 30 6.9 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 9.7 39 9 6.5 +1.4
IQDF FlexShares International Quality Dividend Index Fund 8.8 47 1 7.1 +2.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.7 29 19 6.8 +1.7
WRND IQ Global Equity R&D Leaders ETF 8.4 18 30 4.0 -1.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.1 50 -2 5.5 +0.5
NXTG First Trust Indxx NextG ETF 8.0 70 -22 3.4 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.0 80 -32 5.3 +0.2
AIVI WisdomTree International AI Enhanced Value Fund 7.9 58 -10 5.9 +0.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.7 80 -32 3.6 -1.4
RGEF Rockefeller Global Equity ETF 7.5 55 -7 3.8 -1.3
DSTX Distillate International Fundamental Stability & Value ETF 7.4 55 -7 6.2 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.2 9 39 7.4 +2.4
QTUM Defiance Quantum ETF 7.2 40 8 3.8 -1.3
CLNR IQ Cleaner Transport ETF 7.2 45 3 4.0 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.0 49 -1 5.8 +0.8
ACWV iShares MSCI Global Min Vol Factor ETF 7.0 20 28 5.5 +0.5
DGT State Street SPDR Global Dow ETF 7.0 50 -2 5.5 +0.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 7.0 25 23 5.5 +0.4
WLDR Affinity World Leaders Equity ETF 6.9 67 -19 5.4 +0.4
WWJD Inspire International ETF 6.9 80 -32 6.0 +1.0
PIEL Pacer International Export Leaders ETF 6.7 60 -12 3.9 -1.1
BULD Pacer BlueStar Engineering the Future ETF 6.6 60 -12 0.3 -4.8
GCOW Pacer Global Cash Cows Dividend ETF 6.5 60 -12 9.0 +4.0
QWLD SPDR MSCI World StrategicFactors ETF 6.4 30 18 5.0 -0.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.3 65 -17 7.8 +2.7
FEOE First Eagle Overseas Equity ETF 6.2 79 -31 5.9 +0.9
KNO AXS Knowledge Leaders ETF 6.0 78 -30 3.9 -1.2
IXG iShares Global Financials ETF 6.0 42 6 5.7 +0.6
WSML iShares MSCI World Small-Cap ETF 5.9 15 33 5.2 +0.2
AVDS Avantis International Small Cap Equity ETF 5.9 30 18 5.7 +0.7
JGLO JPMorgan Global Select Equity ETF 5.9 33 15 4.2 -0.8
GLOF iShares Global Equity Factor ETF 5.7 20 28 5.4 +0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 5.6 42 6 3.9 -1.2
ROBO ROBO Global Robotics & Automation Index ETF 5.6 95 -47 2.5 -2.6
IXP iShares Global Comm Services ETF 5.5 42 6 5.9 +0.8
IBOT Vaneck Robotics ETF 5.5 47 1 3.3 -1.8
JIG JPMorgan International Growth ETF 5.5 55 -7 3.5 -1.5
GEW Cambria Global EW ETF 5.5 29 19 5.2 +0.2
URTH iShares MSCI World ETF 5.1 24 24 4.2 -0.8
FBOT Fidelity Disruptive Automation ETF 5.1 50 -2 2.9 -2.2
IDLV Invesco S&P International Developed Low Volatility ETF 5.1 25 23 6.1 +1.1
DFIS Dimensional International Small Cap ETF 5.0 39 9 5.9 +0.8
DTH WisdomTree International High Dividend Fund 4.9 58 -10 6.9 +1.9
JSTC Adasina Social Justice All Cap Global ETF 4.8 89 -41 4.3 -0.8
GLBL Pacer MSCI World Industry Advantage ETF 4.8 65 -17 3.4 -1.7
IMOM Alpha Architect International Quantitative Momentum ETF 4.7 49 -1 4.5 -0.6
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 38 4.8 -0.2
VT Vanguard Total World Stock ETF 4.7 6 42 4.9 -0.2
FEGE First Eagle Global Equity ETF 4.7 79 -31 5.7 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 28 4.6 -0.4
ACWI iShares MSCI ACWI ETF 4.5 32 16 4.5 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.5 9 39 4.7 -0.3
IPKW Invesco International BuyBack Achievers ETF 4.4 55 -7 7.6 +2.6
BKCI BNY Mellon Concentrated International ETF 4.4 80 -32 4.9 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.3 65 -17 1.3 -3.8
FYLD Cambria Foreign Shareholder Yield ETF 4.2 59 -11 9.5 +4.4
CHAT Roundhill Generative AI & Technology ETF 4.1 75 -27 4.3 -0.8
IVAL Alpha Architect International Quantitative Value ETF 4.1 49 -1 7.3 +2.3
DWX SPDR S&P International Dividend ETF 4.1 45 3 6.6 +1.5
IBAT iShares Energy Storage & Materials ETF 3.8 47 1 1.6 -3.4
BNGE First Trust S-Network Streaming and Gaming ETF 3.7 70 -22 2.9 -2.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.7 75 -27 3.2 -1.9
ARVR First Trust Indxx Metaverse ETF 3.6 70 -22 3.5 -1.5
DLS WisdomTree International SmallCap Dividend Fund 3.6 58 -10 7.1 +2.1
AGQI First Trust Active Global Quality Income ETF 3.6 85 -37 6.2 +1.1
BLES Inspire Global Hope ETF 3.6 61 -13 5.6 +0.5
KXI iShares Global Consumer Staples ETF 3.5 41 7 5.4 +0.3
DFJ WisdomTree Japan SmallCap Dividend Fund 3.5 58 -10 6.1 +1.1
MOTG VanEck Morningstar Global Wide Moat ETF 3.4 52 -4 7.8 +2.8
NUKZ Range Nuclear Renaissance Index ETF 3.4 85 -37 1.5 -3.6
MXI iShares Global Materials ETF 3.4 41 7 5.7 +0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.4 47 1 5.0 -0.0
CGDG Capital Group Dividend Growers ETF 3.4 47 1 5.1 +0.0
OAIM OneAscent International Equity ETF 3.4 95 -47 4.3 -0.8
CARZ First Trust NASDAQ Global Auto Index Fund 3.3 70 -22 2.4 -2.6
IPAV Global X Infrastructure Development ex-U.S. ETF 3.2 55 -7 5.8 +0.8
MJSC MUFG Japan Small Cap Active ETF 3.1 85 -37 4.5 -0.5
URA Global X Uranium ETF 3.1 69 -21 0.9 -4.2
BINV Brandes International ETF 3.1 70 -22 8.1 +3.1
IXN iShares Global Tech ETF 3.0 41 7 2.6 -2.4
AVDV Avantis International Small Cap Value ETF 3.0 36 12 7.3 +2.2
METV Roundhill Ball Metaverse ETF 2.9 59 -11 7.4 +2.4
BOTZ Global X Robotics & Artificial Intelligence ETF 2.9 69 -21 2.0 -3.0
IXJ iShares Global Healthcare ETF 2.9 42 6 5.9 +0.9
AQLT iShares MSCI Global Quality Factor ETF 2.8 18 30 0.0 -5.0
KOCG FIS Knights of Columbus Global Belief ETF 2.8 75 -27 4.6 -0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.7 12 36 4.4 -0.7
DINT Davis Select International ETF 2.7 55 -7 5.9 +0.8
NERD Roundhill Video Games ETF 2.6 50 -2 7.3 +2.3
FPXI First Trust International Equity Opportunities ETF 2.6 70 -22 4.0 -1.1
ODDS Pacer BlueStar Digital Entertainment ETF 2.5 60 -12 4.5 -0.6
ESPO VanEck Video Gaming and eSports ETF 2.5 56 -8 6.3 +1.2
OSEA Harbor International Compounders ETF 2.5 55 -7 4.4 -0.7
XT iShares Exponential Technologies ETF 2.5 46 2 3.9 -1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 2.4 49 -1 4.4 -0.6
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 -2 8.9 +3.9
GGME Invesco Next Gen Media and Gaming ETF 2.3 60 -12 4.4 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 2.3 39 9 7.7 +2.7
HERO Global X Video Games & Esports ETF 2.2 50 -2 5.6 +0.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.2 12 36 8.6 +3.5
ISCF iShares International SmallCap Equity Factor ETF 2.2 23 25 7.0 +2.0
GINN Goldman Sachs Innovate Equity ETF 2.2 52 -4 3.6 -1.5
FDTX Fidelity Disruptive Technology ETF 2.1 50 -2 1.6 -3.4
EV Mast Global Battery Recycling & Production ETF 2.1 65 -17 6.4 +1.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.1 45 3 1.9 -3.1
MOTI VanEck Morningstar International Moat ETF 2.1 58 -10 9.8 +4.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.1 8 40 6.1 +1.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.1 75 -27 1.9 -3.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.1 58 -10 3.7 -1.4
DRIV Global X Autonomous & Electric Vehicles ETF 2.1 68 -20 3.4 -1.7
ANEW ProShares MSCI Transformational Changes ETF 2.0 45 3 4.1 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.0 10 38 8.6 +3.5
SCHC Schwab International Small-Cap Equity ETF 2.0 11 37 6.4 +1.3
MDEV First Trust Indxx Medical Devices ETF 2.0 70 -22 4.6 -0.4
FAN First Trust Global Wind Energy ETF 1.9 60 -12 3.0 -2.0
LIT Global X Lithium & Battery Tech ETF 1.9 75 -27 5.4 +0.3
IOO iShares Global 100 ETF 1.9 41 7 3.8 -1.3
GWX SPDR S&P International Small Cap ETF 1.8 40 8 5.6 +0.6
IQM Franklin Intelligent Machines ETF 1.8 50 -2 1.2 -3.8
DTEC ALPS Disruptive Technologies ETF 1.7 50 -2 3.4 -1.7
TTAI FCF International Quality ETF 1.7 59 -11 7.0 +2.0
IGPT Invesco AI and Next Gen Software ETF 1.7 60 -12 2.4 -2.6
MINV Matthews Asia Innovators Active ETF 1.6 79 -31 5.6 +0.6
IFGL iShares International Developed Real Estate ETF 1.6 48 0 7.4 +2.4
ERET iShares Environmentally Aware Real Estate ETF 1.6 30 18 6.9 +1.9
CZAR Themes Natural Monopoly ETF 1.6 35 13 5.3 +0.3
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 -10 6.1 +1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.5 80 -32 8.6 +3.6
SAGP Strategas Global Policy Opportunities ETF 1.5 65 -17 4.7 -0.3
ARTY iShares Future AI & Tech ETF 1.5 47 1 2.3 -2.7
AIVC Amplify Bloomberg AI Value Chain ETF 1.5 59 -11 3.5 -1.5
AGNG Global X Aging Population ETF 1.5 50 -2 4.1 -1.0
HYDR Global X Hydrogen ETF 1.5 50 -2 -5.9 -11.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 -17 7.0 +2.0
DEW WisdomTree Global High Dividend Fund 1.5 58 -10 6.9 +1.9
PICK iShares MSCI Global Metals & Mining Producers ETF 1.4 39 9 7.7 +2.6
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 -20 2.7 -2.3
TMFG Motley Fool Global Opportunities ETF 1.4 85 -37 3.8 -1.3
SHPP Pacer Industrials and Logistics ETF 1.4 60 -12 6.6 +1.6
FPAG FPA Global Equity ETF 1.4 49 -1 5.5 +0.4
OCEN IQ Clean Oceans ETF 1.4 45 3 4.6 -0.4
BATT Amplify Lithium & Battery Technology ETF 1.4 59 -11 1.9 -3.1
KNCT Invesco Next Gen Connectivity ETF 1.4 40 8 3.0 -2.1
HRTS Tema Heart & Health ETF 1.3 75 -27 2.7 -2.3
MOTO SmartETFs Smart Transportation & Technology ETF 1.3 68 -20 5.6 +0.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.3 72 -24 2.5 -2.6
DWLD Davis Select Worldwide ETF 1.2 63 -15 6.8 +1.8
SCHY Schwab International Dividend Equity ETF 1.2 14 34 8.3 +3.2
ABLG Abacus FCF International Leaders ETF 1.2 59 -11 6.5 +1.5
JXI iShares Global Utilities ETF 1.2 43 5 5.4 +0.4
GDOC Goldman Sachs Future Health Care Equity ETF 1.1 75 -27 0.8 -4.2
HAP VanEck Natural Resources ETF 1.1 50 -2 6.2 +1.2
HUMN Roundhill Humanoid Robotics ETF 1.1 75 -27 1.4 -3.6
JAPN Horizon Kinetics Japan Owner Operator ETF 1.0 85 -37 5.3 +0.3
POW VistaShares Electrification Supercycle ETF 1.0 75 -27 2.4 -2.6
AKAF The Frontier Economic Fund 1.0 20 28 5.2 +0.1
PCGG Polen Capital Global Growth ETF 1.0 85 -37 3.9 -1.2
EFAS Global X MSCI SuperDividend EAFE ETF 1.0 57 -9 6.9 +1.9
DISV Dimensional International Small Cap Value ETF 1.0 42 6 7.5 +2.5
IXC iShares Global Energy ETF 0.9 44 4 6.9 +1.8
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -32 19.9 +14.9
ARKX ARK Space Exploration & Innovation ETF 0.9 75 -27 0.0 -5.0
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 -1 6.6 +1.5
GNR SPDR S&P Global Natural Resources ETF 0.9 40 8 7.8 +2.8
AGIX KraneShares Artificial Intelligence and Technology ETF 0.9 99 -51 1.1 -4.0
SNSR Global X Internet of Things ETF 0.8 68 -20 3.5 -1.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.8 39 9 1.1 -3.9
OZEM Roundhill GLP-1 & Weight Loss ETF 0.8 59 -11 5.2 +0.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 -7 4.3 -0.8
HART IQ Healthy Hearts ETF 0.8 45 3 6.0 +0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -8 9.0 +4.0
GQRE FlexShares Global Quality Real Estate Index Fund 0.7 45 3 7.4 +2.4
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 33 5.5 +0.4
SLX VanEck Steel ETF 0.7 56 -8 9.8 +4.8
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -11 7.1 +2.1
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 -2 6.3 +1.3
CRAK VanEck Oil Refiners ETF 0.7 61 -13 7.0 +1.9
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -32 13.9 +8.9
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -22 6.6 +1.5
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 -11 5.5 +0.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.5 75 -27 4.2 -0.9
BOAT SonicShares Global Shipping ETF 0.5 69 -21 17.3 +12.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 1 5.0 0.0
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 0 2.4 -2.7
JDOC JPMorgan Healthcare Leaders ETF 0.5 65 -17 3.2 -1.8
MOO VanEck Agribusiness ETF 0.4 53 -5 8.3 +3.3
KROP Global X AgTech & Food Innovation ETF 0.4 50 -2 5.9 +0.9
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 9 7.0 +1.9
AIRL Themes Airlines ETF 0.4 35 13 1.7 -3.4
JETS U.S. Global Jets ETF 0.4 60 -12 2.6 -2.5
OND ProShares On-Demand ETF 0.4 58 -10 0.5 -4.5
BAI iShares AI Innovation and Tech Active ETF 0.4 55 -7 1.0 -4.0
FDVV Fidelity High Dividend ETF 0.4 15 33 6.5 +1.4
FDNI First Trust Dow Jones International Internet ETF 0.4 65 -17 25.2 +20.2
GMET VanEck Green Metals ETF 0.4 63 -15 0.8 -4.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -22 6.1 +1.1
COPX Global X Copper Miners ETF 0.4 65 -17 3.8 -1.2
PIO Invesco Global Water ETF 0.4 75 -27 4.5 -0.5
WDIV SPDR S&P Global Dividend ETF 0.3 40 8 8.6 +3.6
FID First Trust S&P International Dividend Aristocrats ETF 0.3 60 -12 7.4 +2.3
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -37 2.6 -2.5
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -37 3.5 -1.5
STCE Schwab Crypto Thematic ETF 0.3 30 18 2.5 -2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 2 7.3 +2.2
KBWR Invesco KBW Regional Banking ETF 0.3 35 13 8.5 +3.4
VIDI Vident International Equity Strategy ETF 0.3 61 -13 7.8 +2.7
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -27 1.0 -4.1
MNRS Grayscale Bitcoin Miners ETF 0.3 59 -11 -2.3 -7.3
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -27 -0.2 -5.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 2 5.3 +0.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 1 3.3 -1.8
ICLN iShares Global Clean Energy ETF 0.3 41 7 2.1 -2.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -11 2.7 -2.3
TRFK Pacer Data and Digital Revolution ETF 0.3 60 -12 1.9 -3.1
CGV Conductor Global Equity Value ETF 0.3 130 -82 7.5 +2.4
TINY ProShares Nanotechnology ETF 0.2 58 -10 1.4 -3.6
SOCL Global X Social Media ETF 0.2 65 -17 13.3 +8.3
EVX VanEck Environmental Services ETF 0.2 55 -7 4.1 -1.0
FICS First Trust International Developed Capital Strength ETF 0.2 70 -22 6.6 +1.5
ARKF ARK Fintech Innovation ETF 0.2 75 -27 0.2 -4.9
ISHP First Trust Nasdaq Retail ETF 0.2 60 -12 5.2 +0.2
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -10 7.6 +2.5
FMET Fidelity Metaverse ETF 0.2 39 9 4.3 -0.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 -12 9.1 +4.0
BCOR Grayscale Bitcoin Adopters ETF 0.2 59 -11 1.7 -3.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -38 13.1 +8.1
PAWZ ProShares Pet Care ETF 0.2 50 -2 4.0 -1.0
TBLU Tortoise Global Water ESG ETF 0.1 40 8 4.6 -0.4
PRNT 3D Printing ETF 0.1 66 -18 1.2 -3.9
IDNA iShares Genomics Immunology and Healthcare ETF 0.1 47 1 -0.3 -5.4
URAN Themes Uranium & Nuclear ETF 0.1 35 13 1.1 -4.0
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 13 4.1 -1.0
IBUY Amplify Online Retail ETF 0.1 65 -17 2.2 -2.9
EBLU Ecofin Global Water ESG Fund 0.1 40 8 4.5 -0.6
SMOG VanEck Low Carbon Energy ETF 0.1 61 -13 1.3 -3.8
WOOD iShares Global Timber & Forestry ETF 0.1 42 6 10.9 +5.9
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 1.9 -3.2
BUG Global X Cybersecurity ETF 0.1 51 -3 2.1 -2.9
SPAM Themes Cybersecurity ETF 0.1 35 13 1.9 -3.2
XDAT Franklin Exponential Data ETF 0.1 50 -2 1.1 -3.9
IHAK iShares Cybersecurity & Tech ETF 0.1 47 1 3.3 -1.7
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.1 60 -12 2.4 -2.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -12 3.3 -1.7
AQWA Global X Clean Water ETF 0.1 50 -2 5.1 +0.1
CGW Invesco S&P Global Water Index ETF 0.1 57 -9 4.5 -0.5
PBD Invesco Global Clean Energy ETF 0.1 75 -27 0.4 -4.7
IDRV iShares Self-driving EV & Tech ETF 0.1 47 1 1.5 -3.6
GII SPDR S&P Global Infrastructure ETF 0.0 40 8 4.4 -0.7
IGF iShares Global Infrastructure ETF 0.0 41 7 4.4 -0.7
CLOU Global X Cloud Computing ETF 0.0 68 -20 2.1 -2.9
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.0 75 -27 5.7 +0.7
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 9 -1.2 -6.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 1.5 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 5.0 %
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.