Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 12.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.0x Div.
yield		 2.1%


  • 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) $1
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 38
Wgt avg mkt cap (mns) $2,914
Large cap (>$10bn) 10.7%
Mid cap ($2-10bn) 39.9%
Small cap (<$2bn) 43.0%
Developed mkts 58.7%
Emerging mkts 41.3%

TOP TEN HOLDINGS
ARCADIUM LITHIUM PLC 5.7 %
ALBEMARLE CORP 4.3 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.0 %
PILBARA MINERALS LIMITED 3.9 %
GUANGZHOU TINCI MATERIALS TECHNOLO 3.8 %
PALL CORP 3.5 %
LITHIUM AMERICAS CORP. 3.4 %
BEIJING EASPRING MATERIAL TECHNOLO 3.3 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 3.1 %
SAYONA MINING LTD. 3.1 %
Total 38.2 %

TOP COUNTRY EXPOSURE
CHINA 29.8 %
AUSTRALIA 20.4 %
UNITED STATES 13.5 %
CANADA 12.4 %
CHILE 2.5 %
FRANCE 1.6 %
NETHERLANDS 0.7 %
BELGIUM 0.3 %
JAPAN 0.3 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.6% -- -- -- 3.6%

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

Technical Indicators
Recent close $31.13
30d moving avg. $0.00
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $3,308

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 371 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™: 4.7%


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 32.0 75 -40 9.1 +4.4
LITP Sprott Lithium Miners ETF 29.7 65 -30 16.9 +12.2
ION ProShares S&P Global Core Battery Metals ETF 23.1 58 -23 15.5 +10.8
REMX VanEck Rare Earth/Strategic Metals ETF 21.8 54 -19 13.9 +9.3
DMAT Global X Disruptive Materials ETF 21.0 59 -24 10.5 +5.8
ILIT iShares Lithium Miners and Producers ETF 20.9 47 -12 12.3 +7.6
SETM Sprott Energy Transition Materials ETF 20.3 65 -30 6.0 +1.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 15.7 72 -37 1.0 -3.7
BATT Amplify Lithium & Battery Technology ETF 12.4 59 -24 -0.1 -4.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 11.5 45 -10 -0.6 -5.2
EV Mast Global Battery Recycling & Production ETF 10.7 65 -30 12.2 +7.5
PBW Invesco WilderHill Clean Energy ETF 10.7 66 -31 -13.7 -18.4
GMET VanEck Green Metals ETF 10.3 63 -28 10.7 +6.0
ACES ALPS Clean Energy ETF 10.0 55 -20 -4.4 -9.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 9.7 85 -50 8.6 +3.9
DRIV Global X Autonomous & Electric Vehicles ETF 8.5 68 -33 4.8 +0.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 8.3 58 -23 -3.0 -7.7
ZSB USCF Sustainable Battery Metals Strategy Fund 5.2 61 -26 18.6 +13.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.2 40 -5 7.9 +3.2
NIKL Sprott Nickel Miners ETF 3.7 75 -40 10.2 +5.5
IDRV iShares Self-driving EV & Tech ETF 3.6 47 -12 -0.4 -5.1
BNE Blue Horizon BNE ETF 3.1 87 -52 4.6 -0.1
FRDM Freedom 100 Emerging Markets ETF 2.5 49 -14 7.3 +2.6
CARZ First Trust NASDAQ Global Auto Index Fund 2.4 70 -35 3.8 -0.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.2 39 -4 -1.7 -6.4
IYM iShares U.S. Basic Materials ETF 2.0 40 -5 6.7 +2.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.9 39 -4 12.1 +7.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.7 39 -4 12.8 +8.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.7 65 -30 6.2 +1.5
SPHB Invesco S&P 500 High Beta ETF 1.5 25 10 3.5 -1.2
MXI iShares Global Materials ETF 1.5 41 -6 7.0 +2.3
XLB Materials Select Sector SPDR Fund 1.4 9 26 6.2 +1.5
ILF iShares Latin America 40 ETF 1.3 48 -13 10.4 +5.7
COPA Themes Copper Miners ETF 1.2 35 0 7.3 +2.6
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 -35 9.7 +5.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 0 5.8 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 1.2 31 4 6.7 +2.0
DVYA iShares Asia/Pacific Dividend ETF 1.1 49 -14 9.0 +4.3
SDIV Global X Superdividend ETF 1.1 58 -23 14.9 +10.2
FLAU Franklin FTSE Australia ETF 1.1 9 26 5.4 +0.8
PBD Invesco Global Clean Energy ETF 1.1 75 -40 -5.3 -10.0
MVPS Amplify Thematic All-Stars ETF 1.1 49 -14 2.7 -2.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.0 60 -25 7.7 +3.0
BRF VanEck Brazil Small-Cap ETF 1.0 66 -31 9.7 +5.0
LEAD Siren DIVCON Leaders Dividend ETF 1.0 43 -8 5.1 +0.4
EQRR ProShares Equities for Rising Rates ETF 1.0 35 0 7.8 +3.1
FIDI Fidelity International High Dividend ETF 1.0 18 17 10.9 +6.2
FXZ First Trust Materials AlphaDEX Fund 1.0 61 -26 11.3 +6.6
ARGT Global X MSCI Argentina ETF 0.9 59 -24 5.4 +0.7
XT iShares Exponential Technologies ETF 0.9 46 -11 4.8 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 3 6.1 +1.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 -4 11.0 +6.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.8 35 0 1.9 -2.8
FMAT Fidelity MSCI Materials Index ETF 0.8 8 27 6.4 +1.7
EWA iShares MSCI Australia ETF 0.8 50 -15 4.9 +0.2
VAW Vanguard Materials ETF 0.7 10 25 6.3 +1.6
GSFP Goldman Sachs Future Planet Equity ETF 0.7 75 -40 4.2 -0.5
SDY SPDR S&P Dividend ETF 0.7 35 0 5.9 +1.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.7 20 15 6.9 +2.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.7 65 -30 7.9 +3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 -21 13.5 +8.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 16 5.4 +0.7
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 6.4 +1.7
AVIV Avantis International Large Cap Value ETF 0.6 25 10 9.0 +4.3
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.5 15 20 6.9 +2.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 -10 5.7 +1.0
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 -12 4.9 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 -23 9.2 +4.5
CNYA iShares MSCI China A ETF 0.5 60 -25 8.0 +3.3
IQDE FlexShares International Quality Dividend Defensive Index ET 0.5 47 -12 14.8 +10.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -35 9.8 +5.1
IDV iShares International Select Dividend ETF 0.5 51 -16 12.2 +7.5
GWX SPDR S&P International Small Cap ETF 0.4 40 -5 6.5 +1.8
KALL KraneShares MSCI All China Index ETF 0.4 49 -14 9.0 +4.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.4 42 -7 8.1 +3.4
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -23 8.8 +4.1
RPV Invesco S&P 500 Pure Value ETF 0.4 35 0 9.7 +5.0
BIBL Inspire 100 ETF 0.4 35 0 5.1 +0.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 -7 6.8 +2.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.4 58 -23 6.4 +1.7
COPX Global X Copper Miners ETF 0.3 65 -30 8.2 +3.5
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -27 3.6 -1.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 -12 4.9 +0.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 -12 8.0 +3.3
EWK iShares MSCI Belgium ETF 0.3 50 -15 7.9 +3.2
STXM Strive Mid-Cap ETF 0.3 18 17 6.1 +1.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 15 6.9 +2.2
TPHD Timothy Plan High Dividend Stock ETF 0.3 52 -17 5.9 +1.2
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.3 54 -19 5.9 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 26 9.9 +5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 -9 15.8 +11.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 6.3 +1.6
DIM WisdomTree International MidCap Dividend Fund 0.3 58 -23 7.7 +3.0
JHMD John Hancock Multifactor Developed International ETF 0.3 39 -4 7.8 +3.1
IPAC iShares Core MSCI Pacific ETF 0.3 9 26 7.2 +2.5
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 31 6.0 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -11 9.3 +4.7
JIRE JPMorgan International Research Enhanced Equity ETF 0.3 24 11 7.1 +2.4
GNR SPDR S&P Global Natural Resources ETF 0.3 40 -5 9.7 +5.0
STXK Strive Small-Cap ETF 0.3 18 17 5.0 +0.3
ERNZ TrueShares Active Yield ETF 0.3 75 -40 10.9 +6.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 21 6.2 +1.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 23 5.9 +1.2
VPL Vanguard FTSE Pacific ETF 0.3 8 27 7.7 +3.0
EWN iShares MSCI Netherlands ETF 0.2 50 -15 5.1 +0.4
BLES Inspire Global Hope ETF 0.2 61 -26 6.4 +1.8
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 6.4 +1.7
SCHC Schwab International Small-Cap Equity ETF 0.2 11 24 6.6 +1.9
RAYC Rayliant Quantamental China Equity ETF 0.2 80 -45 8.6 +3.9
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.1 +1.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -5 6.6 +1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 6.2 +1.5
IQSI IQ Candriam International Equity ETF 0.2 15 20 6.6 +1.9
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 -3 7.7 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -14 7.0 +2.3
RSSL Global X Russell 2000 ETF 0.2 8 27 2.6 -2.1
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 6 6.5 +1.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 20 6.7 +2.0
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 26 5.7 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 5.8 +1.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -23 10.7 +6.1
IQIN IQ 500 International ETF 0.2 25 10 9.2 +4.5
BBJP JPMorgan BetaBuilders Japan ETF 0.2 19 16 7.8 +3.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.2 47 -12 7.4 +2.7
JPXN iShares JPX-Nikkei 400 ETF 0.2 48 -13 8.7 +4.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 15 9.3 +4.6
VBR Vanguard Small Cap Value ETF 0.2 7 28 7.8 +3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 -6 5.0 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 28 6.7 +2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -44 10.3 +5.6
AVDE Avantis International Equity ETF 0.2 23 12 8.1 +3.4
EWJ iShares MSCI Japan ETF 0.2 50 -15 8.0 +3.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 4.5 -0.2
EWJV iShares MSCI Japan Value ETF 0.2 15 20 10.2 +5.5
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 26 7.7 +3.0
FLJP Franklin FTSE Japan ETF 0.2 9 26 7.8 +3.1
FLCH Franklin FTSE China ETF 0.2 19 16 8.8 +4.1
DFIS Dimensional International Small Cap ETF 0.1 39 -4 6.9 +2.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 23 5.5 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 8.0 +3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 7.1 +2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 7.4 +2.7
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.2 +1.6
SIZE iShares MSCI USA Size Factor ETF 0.1 15 20 5.6 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 10 9.9 +5.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 7.0 +2.3
FVAL Fidelity Value Factor ETF 0.1 15 20 7.1 +2.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 26 8.1 +3.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 6 6.5 +1.8
URA Global X Uranium ETF 0.1 69 -34 2.4 -2.3
FTWO Strive FAANG 2.0 ETF 0.1 49 -14 4.7 -0.0
URAN Themes Uranium & Nuclear ETF 0.1 35 0 1.9 -2.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 9.1 +4.4
PTL Inspire 500 ETF 0.1 9 26 5.6 +0.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.1 52 -17 5.1 +0.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.1 58 -23 5.0 +0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 -1 6.5 +1.8
BKIE BNY Mellon International Equity ETF 0.1 4 31 7.1 +2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 6.6 +1.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 7.1 +2.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 29 4.0 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 10 7.2 +2.5
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 31 5.7 +1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 15 6.5 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 7.2 +2.5
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 7.3 +2.6
VEA Vanguard FTSE Developed Markets ETF 0.1 5 30 7.3 +2.6
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 7.1 +2.4
IMCV iShares Morningstar Mid-Cap Value ETF 0.1 6 29 7.5 +2.8
DISV Dimensional International Small Cap Value ETF 0.1 42 -7 9.1 +4.5
IWR iShares Russell Midcap ETF 0.1 19 16 5.4 +0.7
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 5.1 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -23 6.5 +1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 7.4 +2.7
SCHF Schwab International Equity ETF 0.1 6 29 7.5 +2.8
VB Vanguard Small-Cap ETF 0.1 5 30 4.9 +0.2
EFA iShares MSCI EAFE ETF 0.1 35 0 6.9 +2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 -10 8.9 +4.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 7.2 +2.5
DTH WisdomTree International High Dividend Fund 0.1 58 -23 10.1 +5.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 -5 7.9 +3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 11.0 +6.3
DWMF WisdomTree International Multifactor Fund 0.1 38 -3 7.4 +2.7
QINT American Century Quality Diversified International ETF 0.1 39 -4 7.7 +3.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 15 1.0 -3.7
VXUS Vanguard Total International Stock ETF 0.1 7 28 7.2 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 27 7.3 +2.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 -25 4.0 -0.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 -4 6.9 +2.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 7.2 +2.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.1 85 -50 3.5 -1.2
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 7.2 +2.5
VSGX Vanguard ESG International Stock ETF 0.1 12 23 6.8 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 -6 7.4 +2.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 27 5.9 +1.2
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.1 +1.4
OALC OneAscent Large Cap Core ETF 0.1 86 -51 4.3 -0.4
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 6.4 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 17 7.0 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -23 9.5 +4.8
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 7.3 +2.6
IBAT iShares Energy Storage & Materials ETF 0.1 47 -12 3.1 -1.6
MCHI iShares MSCI China ETF 0.1 59 -24 8.4 +3.7
VOT Vanguard Mid-Cap Growth ETF 0.1 7 28 3.4 -1.3
FLEU Franklin FTSE Eurozone ETF 0.1 9 26 7.3 +2.6
VO Vanguard Mid-Cap ETF 0.1 4 31 5.3 +0.6
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 6.5 +1.8
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 5 11.4 +6.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 1 7.0 +2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 -10 6.5 +1.9
DWM WisdomTree International Equity Fund 0.1 48 -13 8.0 +3.3
AVSD Avantis Responsible International Equity ETF 0.1 23 12 7.1 +2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 7.2 +2.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 0 5.6 +0.9
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 -5 5.6 +0.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -23 10.2 +5.5
IWTR iShares MSCI Water Management Multisector ETF 0.1 47 -12 5.0 +0.3
VOE Vanguard Mid-Cap Value ETF 0.1 7 28 6.9 +2.2
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.7 +3.0
VIG Vanguard Dividend Appreciation ETF 0.1 6 29 5.6 +0.9
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 5 6.9 +2.3
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 8.1 +3.5
DFSV Dimensional US Small Cap Value ETF 0.1 31 4 8.3 +3.6
VOOV Vanguard S&P 500 Value ETF 0.1 10 25 6.3 +1.7
IVE iShares S&P 500 Value ETF 0.1 18 17 6.3 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 31 6.4 +1.7
HLAL Wahed FTSE USA Shariah ETF 0.1 50 -15 4.9 +0.2
IUSV iShares Core S&P US Value ETF 0.1 4 31 6.4 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -40 4.7 -0.0
PFM Invesco Dividend Achievers ETF 0.1 53 -18 5.3 +0.6
QGRW WisdomTree U.S. Quality Growth Fund 0.1 28 7 4.7 +0.0
IUS Invesco RAFI Strategic US ETF 0.1 19 16 6.8 +2.1
DGRO iShares Core Dividend Growth ETF 0.1 8 27 6.3 +1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 -2 8.9 +4.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 8.9 +4.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.1 25 10 8.6 +3.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 7.8 +3.1
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 6.1 +1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 10.0 +5.3
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 6.4 +1.7
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 6.7 +2.0
STXV Strive 1000 Value ETF 0.0 18 17 7.5 +2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 15 5.2 +0.5
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.1 +1.4
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 27 6.9 +2.2
VONV Vanguard Russell 1000 Value ETF 0.0 8 27 6.3 +1.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 -8 11.1 +6.4
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 5.0 +0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.0 35 0 6.6 +1.9
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 6.7 +2.0
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.0 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.4 +0.7
VT Vanguard Total World Stock ETF 0.0 7 28 5.5 +0.8
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -4 9.6 +4.9
DFAS Dimensional U.S. Small Cap ETF 0.0 26 9 5.5 +0.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 0 5.1 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 11 8.7 +4.0
URTH iShares MSCI World ETF 0.0 24 11 5.2 +0.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.0 9 26 4.9 +0.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.7 0.0
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.3 +0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.2 +0.5
SSPY Syntax Stratified LargeCap ETF 0.0 30 5 6.3 +1.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.2 +1.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 24 8.4 +3.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 -28 18.9 +14.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 11.3 +6.6
BKF iShares MSCI BIC ETF 0.0 69 -34 6.9 +2.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 4.7 0.0
ACWI iShares MSCI ACWI ETF 0.0 32 3 5.3 +0.6
SHE SPDR MSCI USA Gender Diversity ETF 0.0 20 15 4.9 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 23 4.8 +0.1
EFV iShares MSCI EAFE Value ETF 0.0 34 1 9.4 +4.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.0 8 27 5.0 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 7.3 +2.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 6.8 +2.1
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.6 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.9 +0.2
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 5.1 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 5.1 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 5.3 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.7 -0.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.0 7 28 5.0 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 -11 6.5 +1.8
FLEE Franklin FTSE Europe ETF 0.0 9 26 7.2 +2.5
TOK iShares MSCI Kokusai ETF 0.0 26 9 5.0 +0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 15 6.8 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 16 6.9 +2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.1 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -4 7.5 +2.9
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -30 4.7 +0.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.8 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.9 +0.2
VTV Vanguard Value ETF 0.0 4 31 6.6 +1.9
VGK Vanguard FTSE Europe ETF 0.0 11 24 7.1 +2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 6.8 +2.1
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.9 +0.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 4.8 +0.1
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.1 +2.4
ILCG iShares Morningstar Growth ETF 0.0 4 31 3.9 -0.8
IVV iShares Core S&P 500 ETF 0.0 3 32 5.0 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.8 +0.1
VOO Vanguard S&P 500 ETF 0.0 3 32 5.0 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 6.2 +1.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 5.3 +0.6
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 33 5.0 +0.3
SPY SPDR S&P 500 ETF Trust 0.0 9 26 5.0 +0.3
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 19 6.8 +2.1
PBUS Invesco MSCI USA ETF 0.0 4 31 5.0 +0.3
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 32 4.9 +0.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.1 +0.4
DIHP Dimensional International High Profitability ETF 0.0 29 6 7.6 +3.0
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.1 +2.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.9 +1.3
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 5.0 +0.3
ILCV iShares Morningstar Value ETF 0.0 4 31 6.2 +1.5
IWB iShares Russell 1000 ETF 0.0 15 20 4.8 +0.2
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.8 +0.1
VONE Vanguard Russell 1000 ETF 0.0 8 27 4.9 +0.2
VTHR Vanguard Russell 3000 ETF 0.0 10 25 4.7 +0.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.9 +0.2
SCHK Schwab 1000 Index ETF 0.0 5 30 5.0 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.8 +0.1
IWV iShares Russell 3000 ETF 0.0 20 15 4.7 -0.0
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.7 +0.1
IEV iShares Europe ETF 0.0 67 -32 6.6 +1.9
EEM iShares MSCI Emerging Markets ETF 0.0 69 -34 6.9 +2.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 26 7.5 +2.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 20 4.9 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 33 5.0 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 35 5.0 +0.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 6.0 +1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 28 4.9 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.2 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.9 +0.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.2 +0.5
VOTE TCW Transform 500 ETF 0.0 5 30 4.9 +0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.9 +0.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 8.2 +3.5
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 26 7.1 +2.4
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 20 5.7 +1.1
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.9 +0.2
STXG Strive 1000 Growth ETF 0.0 18 17 4.1 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 -14 6.5 +1.8
GXC SPDR S&P China ETF 0.0 59 -24 8.3 +3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 6.8 +2.1
APIE ActivePassive International Equity ETF 0.0 45 -10 8.1 +3.4
RVRB Reverb ETF 0.0 30 5 4.7 -0.0
VV Vanguard Large-Cap ETF 0.0 4 31 4.9 +0.2
ACVF American Conservative Values ETF 0.0 75 -40 4.2 -0.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 6.9 +2.2
HKND Humankind US Stock ETF 0.0 11 24 7.1 +2.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 21 5.0 +0.3
SFY SoFi Select 500 ETF 0.0 0 35 4.5 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 10.2 +5.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 8.2 +3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 8.1 +3.4
DEW WisdomTree Global High Dividend Fund 0.0 58 -23 8.5 +3.8
INTF iShares International Equity Factor ETF 0.0 15 20 8.2 +3.5
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 22 2.1 -2.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 7 7.8 +3.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.0 +0.3
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.2 +0.5
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 7.1 +2.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 7.3 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 6.1 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.0 22 13 9.8 +5.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.3 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.5 -0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.8 +3.1
AVES Avantis Emerging Markets Value ETF 0.0 36 -1 11.6 +6.9

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:		 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 4.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 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.