Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 3.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -144.4x P/Sales
ratio		 3.2x
P/BV
ratio		 3.0x Div.
yield		 1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Lithium & Battery Metal Miners ETF seeks to provide investors with exposure to companies involved in the mining and production of lithium and other battery metals to benefit from the growing demand in the electric vehicle and renewable energy sectors.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/LIMI/
Inception date Sep 23, 2024
Assets (mns) $2
Currency USD
Expense ratio 35 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $5,953
Large cap (>$10bn) 2.2%
Mid cap ($2-10bn) 68.7%
Small cap (<$2bn) 28.5%
Developed mkts 60.6%
Emerging mkts 39.4%

TOP TEN HOLDINGS
PILBARA MINERALS LIMITED 10.1 %
ALBEMARLE CORP 9.2 %
GUANGZHOU TINCI MATERIALS TECHNOLO 5.5 %
INDEPENDENCE GROUP NL 4.9 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.7 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 4.6 %
ELEVRA LITHIUM LTD 4.3 %
LIONTOWN RESOURCES LIMITED 3.9 %
JIANGXI GANFENG LITHIUM CO., LTD. 3.4 %
ERAMET 3.4 %
Total 54.0 %

TOP COUNTRY EXPOSURE
AUSTRALIA 34.0 %
CHINA 32.5 %
UNITED STATES 9.2 %
CANADA 8.2 %
FRANCE 3.4 %
CHILE 1.3 %
NETHERLANDS 1.0 %




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.
91.2% 91.2% -- -- 65.0%

Market Correlations
versus... Beta R-squared
S&P500 0.86 16%
MSCI EAFE 1.13 20%
MSCI Emg. Mkts. 1.25 28%

Technical Indicators
Recent close $53.43
30d moving avg. $45.15
Annualized volatility 34.8%
Short interest (ETF) 4.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 6
Turnover 20.0%
Bid/Ask (% of price) 1.08%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 251 potential alternatives to the Themes Lithium & Battery Metal Miners ETF ETF based on the alternatives' overlap in portfolio holdings with LIMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LIMI Expense: 35 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LIMI
Ticker Fund
Name		 Overlap1
vs LIMI
(%)		 Expense
ratio
(bp)		 Savings
vs LIMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs LIMI
(%)
LITP Sprott Lithium Miners ETF 37.8 65 -30 1.0 -2.1
LIT Global X Lithium & Battery Tech ETF 30.8 75 -40 5.4 +2.4
ION ProShares S&P Global Core Battery Metals ETF 29.1 58 -23 5.1 +2.1
ILIT iShares Lithium Miners and Producers ETF 25.6 47 -12 3.4 +0.3
REMX VanEck Rare Earth/Strategic Metals ETF 23.1 54 -19 2.5 -0.5
DMAT Global X Disruptive Materials ETF 17.7 59 -24 4.9 +1.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 16.4 45 -10 1.6 -1.4
SETM Sprott Energy Transition Materials ETF 16.1 65 -30 1.3 -1.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 14.9 72 -37 -1.3 -4.3
BATT Amplify Lithium & Battery Technology ETF 11.6 59 -24 1.6 -1.4
IDRV iShares Self-driving EV & Tech ETF 10.8 47 -12 3.0 0.0
DRIV Global X Autonomous & Electric Vehicles ETF 10.6 68 -33 4.0 +1.0
ACES ALPS Clean Energy ETF 6.3 55 -20 -2.4 -5.4
NIKL Sprott Nickel Miners ETF 6.2 75 -40 5.9 +2.9
GMET VanEck Green Metals ETF 5.9 63 -28 5.3 +2.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.9 58 -23 -1.8 -4.9
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 7.2 +4.1
PBW Invesco WilderHill Clean Energy ETF 4.7 66 -31 -2.9 -5.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.6 40 -5 6.8 +3.8
CVAR Cultivar ETF 3.2 87 -52 6.7 +3.6
CARZ First Trust NASDAQ Global Auto Index Fund 3.2 70 -35 3.3 +0.3
XLB The Materials Select Sector SPDR Fund 2.5 8 27 5.5 +2.5
IYM iShares U.S. Basic Materials ETF 2.3 40 -5 5.0 +2.0
ZSB USCF Sustainable Battery Metals Strategy Fund 2.3 61 -26 4.0 +1.0
SLX VanEck Steel ETF 2.2 56 -21 11.7 +8.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 2.2 35 0 5.5 +2.5
SMOT VanEck Morningstar SMID Moat ETF 2.1 49 -14 5.8 +2.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.1 65 -30 3.9 +0.9
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.0 60 -25 4.1 +1.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 -4 1.3 -1.8
FXZ First Trust Materials AlphaDEX Fund 2.0 61 -26 7.7 +4.6
ARGT Global X MSCI Argentina ETF 1.9 59 -24 3.1 +0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.9 39 -4 8.6 +5.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.4 39 -4 -1.3 -4.3
ALTL Pacer Lunt Large Cap Alternator ETF 1.4 60 -25 4.2 +1.2
VAW Vanguard Materials ETF 1.3 9 26 5.4 +2.4
SPHB Invesco S&P 500 High Beta ETF 1.3 25 10 4.0 +1.0
SAMM Strategas Macro Momentum ETF 1.3 66 -31 1.9 -1.2
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -35 7.4 +4.4
ILF iShares Latin America 40 ETF 1.3 48 -13 10.4 +7.4
FLAU Franklin FTSE Australia ETF 1.2 9 26 6.0 +2.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.2 65 -30 6.3 +3.2
FMAT Fidelity MSCI Materials Index ETF 1.2 8 27 5.4 +2.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.1 60 -25 4.9 +1.9
COPA Themes Copper Miners ETF 1.1 35 0 3.5 +0.4
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.1 15 20 6.9 +3.9
MXI iShares Global Materials ETF 1.1 41 -6 6.1 +3.1
XT iShares Exponential Technologies ETF 0.9 46 -11 4.2 +1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 3 11.2 +8.1
SDY State Street SPDR S&P Dividend ETF 0.8 35 0 6.1 +3.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -45 10.2 +7.2
MCH Matthews China Active ETF 0.8 79 -44 12.5 +9.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 20 5.2 +2.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.7 40 -5 6.2 +3.2
PBD Invesco Global Clean Energy ETF 0.7 75 -40 0.6 -2.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -4 7.3 +4.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 5.6 +2.6
AVDS Avantis International Small Cap Equity ETF 0.6 30 5 5.9 +2.9
JAVA JPMorgan Active Value ETF 0.5 44 -9 5.5 +2.4
ICPY Tweedy, Browne International Insider Value ETF 0.5 80 -45 9.9 +6.9
STXM Strive Mid-Cap ETF 0.5 18 17 5.4 +2.4
BIBL Inspire 100 ETF 0.5 35 0 4.4 +1.3
GWX SPDR S&P International Small Cap ETF 0.5 40 -5 5.9 +2.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 31 5.1 +2.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -44 7.0 +4.0
TCHI iShares MSCI China Multisector Tech ETF 0.4 59 -24 14.7 +11.6
VBR Vanguard Small Cap Value ETF 0.4 7 28 7.9 +4.8
EWN iShares MSCI Netherlands ETF 0.4 50 -15 4.7 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 -3 8.1 +5.1
BLES Inspire Global Hope ETF 0.4 61 -26 6.0 +3.0
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 31 6.0 +3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 28 5.0 +1.9
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 29 7.5 +4.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 9.4 +6.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 18 5.2 +2.2
CGGR Capital Group Growth ETF 0.3 39 -4 2.7 -0.3
ISCB iShares Morningstar Small-Cap ETF 0.3 4 31 5.1 +2.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 5.3 +2.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 29 2.5 -0.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 6.3 +3.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 9 5.8 +2.7
IPAC iShares Core MSCI Pacific ETF 0.3 9 26 5.7 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 6.1 +3.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 17 5.9 +2.9
AVES Avantis Emerging Markets Value ETF 0.3 36 -1 9.4 +6.4
VB Vanguard Small-Cap ETF 0.3 5 30 5.2 +2.2
FLCH Franklin FTSE China ETF 0.3 19 16 14.0 +11.0
DISV Dimensional International Small Cap Value ETF 0.3 42 -7 8.0 +4.9
DFIS Dimensional International Small Cap ETF 0.3 39 -4 6.2 +3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 3 7.0 +4.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 11 7.3 +4.3
SMMD iShares Russell 2500 ETF 0.2 15 20 5.8 +2.7
VPL Vanguard FTSE Pacific ETF 0.2 7 28 5.8 +2.7
SCHC Schwab International Small-Cap Equity ETF 0.2 11 24 6.7 +3.7
SFYX SoFi Next 500 ETF 0.2 0 35 5.0 +2.0
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 5.9 +2.9
AVIV Avantis International Large Cap Value ETF 0.2 25 10 7.4 +4.4
AVDV Avantis International Small Cap Value ETF 0.2 36 -1 7.7 +4.6
IWS iShares Russell Mid-Cap Value ETF 0.2 23 12 6.2 +3.2
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 -7 5.4 +2.4
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 -25 3.3 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 27 6.5 +3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 20 5.2 +2.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 6.8 +3.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 7.1 +4.1
IWR iShares Russell Midcap ETF 0.1 19 16 5.4 +2.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 7.3 +4.3
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 5.5 +2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -4 5.8 +2.7
AVDE Avantis International Equity ETF 0.1 23 12 6.3 +3.3
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 30 7.1 +4.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 7.2 +4.2
URA Global X Uranium ETF 0.1 69 -34 0.8 -2.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 6.6 +3.5
DXIV Dimensional International Vector Equity ETF 0.1 34 1 6.6 +3.6
AVSD Avantis Responsible International Equity ETF 0.1 23 12 4.6 +1.6
VSGX Vanguard ESG International Stock ETF 0.1 10 25 6.6 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 6.6 +3.5
DXUV Dimensional US Vector Equity ETF 0.1 28 7 5.2 +2.2
XOEF iShares S&P 500 ex S&P 100 ETF 0.1 20 15 4.8 +1.8
PTL Inspire 500 ETF 0.1 9 26 4.7 +1.7
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -23 5.5 +2.5
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 6.1 +3.0
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 7.4 +4.4
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 6.3 +3.3
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 10.4 +7.4
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 6.4 +3.4
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 6.0 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 6.0 +3.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 -23 7.2 +4.2
VEA Vanguard FTSE Developed Markets ETF 0.1 3 32 6.1 +3.1
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 6.3 +3.2
VIG Vanguard Dividend Appreciation ETF 0.1 5 30 4.9 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 6.8 +3.8
VXUS Vanguard Total International Stock ETF 0.1 5 30 6.8 +3.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 6.8 +3.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.4 +4.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 6.9 +3.9
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 6.0 +3.0
SCHF Schwab International Equity ETF 0.1 6 29 6.2 +3.2
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 23 6.5 +3.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 -18 6.1 +3.0
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.0 +6.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 6.3 +3.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 7.5 +4.5
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 6.7 +3.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 5.9 +2.9
IQSI IQ Candriam International Equity ETF 0.1 15 20 5.6 +2.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.2 +1.2
VOOV Vanguard S&P 500 Value ETF 0.1 7 28 5.5 +2.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 10 6.3 +3.3
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 5.9 +2.8
IVE iShares S&P 500 Value ETF 0.1 18 17 5.4 +2.4
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 31 5.5 +2.5
IUS Invesco RAFI Strategic US ETF 0.1 19 16 6.0 +2.9
IUSV iShares Core S&P US Value ETF 0.1 4 31 5.7 +2.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 17 4.5 +1.5
IWD iShares Russell 1000 Value ETF 0.1 19 16 5.6 +2.5
VONV Vanguard Russell 1000 Value ETF 0.1 7 28 5.7 +2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 -15 9.1 +6.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 4.7 +1.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 7.9 +4.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 7.6 +4.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.4 +5.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 10 4.1 +1.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 18 4.7 +1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 -10 3.6 +0.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 15 2.6 -0.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 -6 5.2 +2.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.6 +1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 3.3 +0.3
SSPY Syntax Stratified LargeCap ETF 0.1 30 5 5.9 +2.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 23 5.7 +2.7
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 5.0 +2.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 7.2 +4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 6.5 +3.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 4.6 +1.6
VT Vanguard Total World Stock ETF 0.0 6 29 5.1 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 6.4 +3.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 5.9 +2.9
PFM Invesco Dividend Achievers ETF 0.0 53 -18 4.6 +1.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 15 5.8 +2.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.4 +1.3
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 4.3 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 4.8 +1.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 4.7 +1.7
TOPC iShares S&P 500 3% Capped ETF 0.0 15 20 4.4 +1.4
STXG Strive 1000 Growth ETF 0.0 18 17 3.2 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.9 +4.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 7.5 +4.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 2 8.1 +5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 -10 8.4 +5.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 8.1 +5.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 4.3 +1.3
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.1 +1.1
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.0 +1.0
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 4.5 +1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 4.9 +1.8
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 5.9 +2.9
IVV iShares Core S&P 500 ETF 0.0 3 32 4.2 +1.2
SPY SPDR S&P 500 ETF 0.0 9 26 4.2 +1.2
SPYM State Street SPDR Portfolio S&P 500 ETF 0.0 2 33 4.2 +1.2
VOO Vanguard S&P 500 ETF 0.0 3 32 4.3 +1.2
BKIE BNY Mellon International Equity ETF 0.0 4 31 6.0 +3.0
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.0 +1.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 5.6 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.1 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.1 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.0 +1.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.2 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.0 +1.0
CHRI Global X S&P 500 Christian Values ETF 0.0 29 6 4.0 +0.9
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.3 +1.2
IWB iShares Russell 1000 ETF 0.0 15 20 4.2 +1.1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 4.4 +1.4
RAUS RACWI US ETF 0.0 15 20 4.2 +1.2
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.3 +1.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -23 8.5 +5.5
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.1 +1.1
SCHK Schwab 1000 Index ETF 0.0 5 30 4.3 +1.2
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.1 +1.1
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.2 +1.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.3 +1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.2 +1.1
IWV iShares Russell 3000 ETF 0.0 20 15 4.1 +1.0
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.2 +1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 7.1 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 7.4 +4.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 4.4 +1.4
GXC SPDR S & P China ETF 0.0 59 -24 14.2 +11.1
DIVB iShares Core Dividend ETF 0.0 5 30 7.3 +4.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 17 6.5 +3.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 6.0 +3.0
INTF iShares International Equity Factor ETF 0.0 15 20 6.5 +3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.5 +4.5
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.3 +3.3
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.4 +6.4
ACVF American Conservative Values ETF 0.0 75 -40 3.6 +0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 5.6 +2.5
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.3 +3.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 5.8 +2.7
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 4.5 +1.4
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.4 +3.3
VYMI Vanguard International High Dividend Yield ETF 0.0 17 18 8.2 +5.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.3 +5.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 3.4 +0.4
EBI Longview Advantage ETF 0.0 35 0 5.8 +2.7
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 6.5 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.2 +6.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 6.4 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 8.2 +5.2

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
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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:		 Themes Lithium & Battery Metal Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.1 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.82 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.