Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -25.9x P/Sales
ratio		 11.4x
P/BV
ratio		 -0.1x Div.
yield		 0.0%


  • 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) $0
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 33
Wgt avg mkt cap (mns) $3,749
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
ALBEMARLE CORP 6.4 %
PILBARA MINERALS LIMITED 5.0 %
ERAMET 5.0 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 4.8 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.7 %
GUANGZHOU TINCI MATERIALS TECHNOLO 4.4 %
SHIN-ETSU CHEMICAL CO LTD 4.1 %
GEM CO., LTD. CLASS A 4.1 %
BEIJING EASPRING MATERIAL TECHNOLO 4.0 %
LITHIUM AMERICAS CORP. 3.8 %
Total 46.3 %

TOP COUNTRY EXPOSURE
CHINA 34.1 %
AUSTRALIA 33.6 %
UNITED STATES 12.8 %
NETHERLANDS 4.7 %
FRANCE 3.0 %
CANADA 2.5 %
CHILE 2.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.5% -- -- -- -2.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $22.51
30d moving avg. $24.81
Annualized volatility 0.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 333 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™: 0.0%


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
(%)
LIT Global X Lithium & Battery Tech ETF 29.9 75 -40 5.9 +5.9
LITP Sprott Lithium Miners ETF 27.5 65 -30 4.8 +4.8
ILIT iShares Lithium Miners and Producers ETF 25.0 47 -12 7.0 +7.0
REMX VanEck Rare Earth/Strategic Metals ETF 24.7 54 -19 5.6 +5.6
ION ProShares S&P Global Core Battery Metals ETF 22.2 58 -23 11.2 +11.2
DMAT Global X Disruptive Materials ETF 18.3 59 -24 9.2 +9.2
SETM Sprott Energy Transition Materials ETF 16.8 65 -30 4.7 +4.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 16.4 72 -37 -1.2 -1.2
EV Mast Global Battery Recycling & Production ETF 13.8 65 -30 11.6 +11.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 12.4 85 -50 8.0 +8.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 12.0 45 -10 0.0 0.0
BATT Amplify Lithium & Battery Technology ETF 9.8 59 -24 3.8 +3.8
NIKL Sprott Nickel Miners ETF 8.5 75 -40 15.7 +15.7
GMET VanEck Green Metals ETF 8.3 63 -28 10.8 +10.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.9 58 -23 -3.5 -3.5
DRIV Global X Autonomous & Electric Vehicles ETF 6.4 68 -33 6.8 +6.8
IDRV iShares Self-driving EV & Tech ETF 4.8 47 -12 2.5 +2.5
ACES ALPS Clean Energy ETF 4.6 55 -20 -4.2 -4.2
PBW Invesco WilderHill Clean Energy ETF 4.2 66 -31 -6.0 -6.0
MXI iShares Global Materials ETF 3.7 41 -6 8.0 +8.0
ZSB USCF Sustainable Battery Metals Strategy Fund 3.5 61 -26 17.4 +17.4
COPX Global X Copper Miners ETF 3.1 65 -30 8.9 +8.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 2.9 40 -5 7.8 +7.8
IBAT iShares Energy Storage & Materials ETF 2.5 47 -12 5.3 +5.3
BKCI BNY Mellon Concentrated International ETF 2.4 80 -45 4.9 +4.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.3 55 -20 4.5 +4.5
COPA Themes Copper Miners ETF 2.2 35 0 9.0 +9.0
CARZ First Trust NASDAQ Global Auto Index Fund 1.9 70 -35 6.0 +6.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 -4 14.1 +14.1
BBJP JPMorgan BetaBuilders Japan ETF 1.6 19 16 7.6 +7.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.6 60 -25 6.4 +6.4
EWJ iShares MSCI Japan ETF 1.5 50 -15 7.1 +7.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.5 47 -12 7.1 +7.1
ILF iShares Latin America 40 ETF 1.5 48 -13 13.5 +13.5
IYM iShares U.S. Basic Materials ETF 1.5 40 -5 6.7 +6.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.4 42 -7 6.8 +6.8
VIGI Vanguard International Dividend Appreciation ETF 1.3 15 20 6.2 +6.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.3 65 -30 4.4 +4.4
FLJP Franklin FTSE Japan ETF 1.3 9 26 7.0 +7.0
IQDG WisdomTree International Quality Dividend Growth Fund 1.3 42 -7 7.2 +7.2
FLJH Franklin FTSE Japan Hedged ETF 1.3 9 26 6.7 +6.7
SPHB Invesco S&P 500 High Beta ETF 1.3 25 10 5.3 +5.3
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -35 8.1 +8.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.3 58 -23 7.1 +7.1
EWK iShares MSCI Belgium ETF 1.2 50 -15 4.6 +4.6
JPXN iShares JPX-Nikkei 400 ETF 1.2 48 -13 7.5 +7.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 -15 5.8 +5.8
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 0 5.7 +5.7
CVAR Cultivar ETF 1.2 87 -52 6.1 +6.1
XT iShares Exponential Technologies ETF 1.2 46 -11 5.5 +5.5
DXJ WisdomTree Japan Hedged Equity Fund 1.2 48 -13 8.4 +8.4
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 -4 11.0 +11.0
PBD Invesco Global Clean Energy ETF 1.0 75 -40 0.4 +0.4
URA Global X Uranium ETF 1.0 69 -34 3.5 +3.5
URAN Themes Uranium & Nuclear ETF 1.0 35 0 2.7 +2.7
IPAC iShares Core MSCI Pacific ETF 1.0 9 26 7.1 +7.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.0 25 10 7.4 +7.4
CGXU Capital Group International Focus Equity ETF 0.9 54 -19 5.9 +5.9
XLB Materials Select Sector SPDR Fund 0.9 8 27 6.2 +6.2
CBSE Clough Select Equity ETF 0.9 85 -50 1.6 +1.6
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 -14 8.9 +8.9
VPL Vanguard FTSE Pacific ETF 0.9 8 27 7.7 +7.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.9 65 -30 7.9 +7.9
PATN Pacer Nasdaq International Patent Leaders ETF 0.9 65 -30 4.0 +4.0
FXZ First Trust Materials AlphaDEX Fund 0.8 61 -26 11.0 +11.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -45 12.6 +12.6
JIRE JPMorgan International Research Enhanced Equity ETF 0.8 24 11 7.4 +7.4
IMFL Invesco International Developed Dynamic Multifactor ETF 0.8 34 1 6.2 +6.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 -12 4.4 +4.4
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 10 5.7 +5.7
UMMA Wahed Dow Jones Islamic World ETF 0.7 65 -30 5.3 +5.3
ARGT Global X MSCI Argentina ETF 0.7 59 -24 4.2 +4.2
CGIE Capital Group International Equity ETF 0.7 54 -19 5.1 +5.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.7 12 23 5.8 +5.8
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 -20 8.4 +8.4
VAW Vanguard Materials ETF 0.7 10 25 6.4 +6.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.7 60 -25 5.3 +5.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.7 39 -4 -1.1 -1.1
FMAT Fidelity MSCI Materials Index ETF 0.7 8 27 6.5 +6.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 20 5.9 +5.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.7 14 21 6.0 +6.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 -12 9.0 +9.0
RGEF Rockefeller Global Equity ETF 0.6 55 -20 5.2 +5.2
EFG iShares MSCI EAFE Growth ETF 0.6 36 -1 4.5 +4.5
IQSI IQ Candriam International Equity ETF 0.6 15 20 6.7 +6.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.6 85 -50 3.9 +3.9
FLAU Franklin FTSE Australia ETF 0.6 9 26 6.4 +6.4
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 -12 9.5 +9.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.6 32 3 17.8 +17.8
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -40 4.8 +4.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 26 8.2 +8.2
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -27 2.5 +2.5
SDY SPDR S&P Dividend ETF 0.5 35 0 6.2 +6.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.5 65 -30 4.1 +4.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 0 5.9 +5.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 20 5.8 +5.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.5 56 -21 12.6 +12.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 23 6.2 +6.2
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.4 20 15 7.8 +7.8
IQLT iShares MSCI Intl Quality Factor ETF 0.4 30 5 6.3 +6.3
CNYA iShares MSCI China A ETF 0.4 60 -25 7.2 +7.2
KALL KraneShares MSCI All China Index ETF 0.4 49 -14 15.3 +15.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 7.4 +7.4
QINT American Century Quality Diversified International ETF 0.4 39 -4 7.6 +7.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 15 7.4 +7.4
STXI Strive International Developed Markets ETF 0.4 29 6 5.9 +5.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 15 7.1 +7.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 15 6.6 +6.6
GWX SPDR S&P International Small Cap ETF 0.4 40 -5 6.7 +6.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -35 8.6 +8.6
IEFA iShares Core MSCI EAFE ETF 0.3 7 28 7.4 +7.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 15 7.1 +7.1
BKIE BNY Mellon International Equity ETF 0.3 4 31 7.3 +7.3
EFA iShares MSCI EAFE ETF 0.3 35 0 7.0 +7.0
SCHF Schwab International Equity ETF 0.3 6 29 7.7 +7.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 32 7.5 +7.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 -1 6.9 +6.9
CGDV Capital Group Dividend Value ETF 0.3 33 2 4.9 +4.9
VEA Vanguard FTSE Developed Markets ETF 0.3 5 30 7.6 +7.6
IDV iShares International Select Dividend ETF 0.3 51 -16 11.6 +11.6
JHMD John Hancock Multifactor Developed International ETF 0.3 39 -4 7.8 +7.8
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 31 7.4 +7.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 16 6.3 +6.3
TCHI iShares MSCI China Multisector Tech ETF 0.3 59 -24 22.4 +22.4
FJP First Trust Japan AlphaDEX Fund 0.3 80 -45 10.3 +10.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 10 10.1 +10.1
VSGX Vanguard ESG International Stock ETF 0.3 12 23 8.2 +8.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 5 7.3 +7.3
JGLO JPMorgan Global Select Equity ETF 0.3 33 2 5.1 +5.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 31 6.1 +6.1
STXM Strive Mid-Cap ETF 0.3 18 17 3.6 +3.6
EWJV iShares MSCI Japan Value ETF 0.3 15 20 9.8 +9.8
GNR SPDR S&P Global Natural Resources ETF 0.3 40 -5 11.4 +11.4
EWN iShares MSCI Netherlands ETF 0.3 50 -15 5.9 +5.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 27 8.5 +8.5
VBR Vanguard Small Cap Value ETF 0.3 7 28 8.5 +8.5
BIBL Inspire 100 ETF 0.3 35 0 4.7 +4.7
CGGR Capital Group Growth ETF 0.3 39 -4 3.7 +3.7
AVDE Avantis International Equity ETF 0.3 23 12 8.0 +8.0
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 5 8.2 +8.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 17 8.1 +8.1
VXUS Vanguard Total International Stock ETF 0.2 7 28 8.3 +8.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 -10 9.3 +9.3
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 -13 7.5 +7.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -44 7.7 +7.7
DFAI Dimensional International Core Equity Market ETF 0.2 18 17 7.6 +7.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -4 8.3 +8.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 28 8.3 +8.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 1 8.1 +8.1
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 7.2 +7.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 31 6.7 +6.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 -6 7.1 +7.1
BLES Inspire Global Hope ETF 0.2 61 -26 6.8 +6.8
INEQ Columbia International Equity Income ETF 0.2 45 -10 8.7 +8.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 15 6.6 +6.6
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 11 6.6 +6.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -14 7.3 +7.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 15 6.7 +6.7
DFIS Dimensional International Small Cap ETF 0.2 39 -4 7.9 +7.9
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 4 6.6 +6.6
SCHC Schwab International Small-Cap Equity ETF 0.2 11 24 7.1 +7.1
DISV Dimensional International Small Cap Value ETF 0.2 42 -7 9.7 +9.7
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 29 7.9 +7.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 7.5 +7.5
DWM WisdomTree International Equity Fund 0.2 48 -13 7.7 +7.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 26 6.0 +6.0
DFIC Dimensional International Core Equity 2 ETF 0.2 23 12 7.9 +7.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 9.6 +9.6
AVSD Avantis Responsible International Equity ETF 0.2 23 12 6.8 +6.8
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.3 +6.3
VB Vanguard Small-Cap ETF 0.2 5 30 5.7 +5.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 8.6 +8.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -4 7.0 +7.0
FLCH Franklin FTSE China ETF 0.1 19 16 17.2 +17.2
SIZE iShares MSCI USA Size Factor ETF 0.1 15 20 5.8 +5.8
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 15 9.1 +9.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 28 7.0 +7.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 0 1.9 +1.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 6.9 +6.9
TPIF Timothy Plan International ETF 0.1 62 -27 6.5 +6.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 6 7.4 +7.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 9.4 +9.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 -6 6.5 +6.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 5.2 +5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 11.3 +11.3
IWTR iShares MSCI Water Management Multisector ETF 0.1 47 -12 6.5 +6.5
FTWO Strive FAANG 2.0 ETF 0.1 49 -14 5.1 +5.1
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 8.6 +8.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 15 3.7 +3.7
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.5 +6.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 25 6.1 +6.1
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 10.9 +10.9
VT Vanguard Total World Stock ETF 0.1 7 28 6.3 +6.3
URTH iShares MSCI World ETF 0.1 24 11 5.5 +5.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 11 6.4 +6.4
ACWI iShares MSCI ACWI ETF 0.1 32 3 6.0 +6.0
INTF iShares International Equity Factor ETF 0.1 15 20 8.1 +8.1
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 31 6.0 +6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -23 10.1 +10.1
AVIV Avantis International Large Cap Value ETF 0.1 25 10 9.3 +9.3
CIL VictoryShares International Volatility Wtd ETF 0.1 45 -10 7.0 +7.0
IWR iShares Russell Midcap ETF 0.1 19 16 5.8 +5.8
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 10.2 +10.2
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 30 7.1 +7.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 10.8 +10.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 6.3 +6.3
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.5 +6.5
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 5 11.1 +11.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 14.5 +14.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 26 6.1 +6.1
EFV iShares MSCI EAFE Value ETF 0.1 34 1 9.4 +9.4
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 5.4 +5.4
PTL Inspire 500 ETF 0.1 9 26 5.4 +5.4
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 -25 4.7 +4.7
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 5.3 +5.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 10 7.5 +7.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 9.7 +9.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 9.9 +9.9
MCHI iShares MSCI China ETF 0.1 59 -24 17.8 +17.8
STXV Strive 1000 Value ETF 0.1 18 17 7.5 +7.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 8.1 +8.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 11.0 +11.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 -10 6.6 +6.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 10.8 +10.8
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 27 10.9 +10.9
VIG Vanguard Dividend Appreciation ETF 0.0 6 29 6.0 +6.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.9 +5.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -40 5.2 +5.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.0 65 -30 5.4 +5.4
SSPY Syntax Stratified LargeCap ETF 0.0 30 5 6.6 +6.6
PFM Invesco Dividend Achievers ETF 0.0 53 -18 5.3 +5.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 24 11.8 +11.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 10.2 +10.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 8.6 +8.6
IUS Invesco RAFI Strategic US ETF 0.0 19 16 7.1 +7.1
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -15 5.2 +5.2
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 6.8 +6.8
IVE iShares S&P 500 Value ETF 0.0 18 17 6.2 +6.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.0 4 31 6.4 +6.4
VOOV Vanguard S&P 500 Value ETF 0.0 10 25 6.3 +6.3
ILCV iShares Morningstar Value ETF 0.0 4 31 6.7 +6.7
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.5 +6.5
VONV Vanguard Russell 1000 Value ETF 0.0 8 27 6.6 +6.6
BKF iShares MSCI BIC ETF 0.0 69 -34 13.0 +13.0
DGRO iShares Core Dividend Growth ETF 0.0 8 27 6.6 +6.6
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.2 +5.2
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.5 +6.5
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.2 +7.2
SHE SPDR MSCI USA Gender Diversity ETF 0.0 20 15 5.2 +5.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.3 +4.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.6 +5.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 5.3 +5.3
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 5.4 +5.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 5.6 +5.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.5 +6.5
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 6.4 +6.4
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -4 11.4 +11.4
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 7.0 +7.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 4.9 +4.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.4 +7.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 15 6.0 +6.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 9.8 +9.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 7.0 +7.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.3 +7.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 0 4.6 +4.6
VGK Vanguard FTSE Europe ETF 0.0 11 24 7.5 +7.5
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 18 12.9 +12.9
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.5 +7.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 4.9 +4.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 -14 10.7 +10.7
AVUS Avantis U.S. Equity ETF 0.0 15 20 6.3 +6.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 33 5.3 +5.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.5 +6.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.7 +4.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 5.0 +5.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.4 +4.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.9 +5.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 5.2 +5.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 5.1 +5.1
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 5.1 +5.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 5.0 +5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 13.7 +13.7
AVES Avantis Emerging Markets Value ETF 0.0 36 -1 12.2 +12.2
SPY SPDR S&P 500 ETF Trust 0.0 9 26 5.2 +5.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 5.0 +5.0
VOO Vanguard S&P 500 ETF 0.0 3 32 5.3 +5.3
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.4 +7.4
PBUS Invesco MSCI USA ETF 0.0 4 31 5.2 +5.2
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 32 5.2 +5.2
IVV iShares Core S&P 500 ETF 0.0 3 32 5.3 +5.3
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 20 5.8 +5.8
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 33 5.3 +5.3
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 26 10.9 +10.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 8.1 +8.1
EEM iShares MSCI Emerging Markets ETF 0.0 69 -34 10.7 +10.7
SCHK Schwab 1000 Index ETF 0.0 5 30 5.3 +5.3
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 5.3 +5.3
IWB iShares Russell 1000 ETF 0.0 15 20 5.2 +5.2
IYY iShares Dow Jones U.S. ETF 0.0 20 15 5.1 +5.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.5 +5.5
VONE Vanguard Russell 1000 ETF 0.0 8 27 5.3 +5.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.3 +5.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 5.2 +5.2
IWV iShares Russell 3000 ETF 0.0 20 15 5.0 +5.0
VTHR Vanguard Russell 3000 ETF 0.0 10 25 5.2 +5.2
VTI Vanguard Total Stock Market ETF 0.0 3 32 5.2 +5.2
TOK iShares MSCI Kokusai ETF 0.0 26 9 5.2 +5.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 6.8 +6.8
GXC SPDR S&P China ETF 0.0 59 -24 16.7 +16.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 6.0 +6.0
DFUS Dimensional U.S. Equity ETF 0.0 9 26 5.3 +5.3
STXG Strive 1000 Growth ETF 0.0 18 17 4.2 +4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 9.3 +9.3
ACVF American Conservative Values ETF 0.0 75 -40 4.5 +4.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 6.9 +6.9
HKND Humankind US Stock ETF 0.0 11 24 7.5 +7.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.5 +5.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.4 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 10.5 +10.5
RSSL Global X Russell 2000 ETF 0.0 8 27 3.6 +3.6
SFY SoFi Select 500 ETF 0.0 0 35 4.8 +4.8
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 19 8.4 +8.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 11.6 +11.6
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 -7 4.1 +4.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.5 +5.5
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.5 +5.5
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.8 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 10.9 +10.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 10.0 +10.0
VYMI Vanguard International High Dividend Yield ETF 0.0 22 13 10.0 +10.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.8 +5.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.5 +4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 11.2 +11.2

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:		 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 11.2 %
Divided by: Fwd. P/BV -0.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 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.