Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -175.0x P/Sales
ratio		 2.6x
P/BV
ratio		 2.5x Div.
yield		 1.2%


  • 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 31
Wgt avg mkt cap (mns) $5,279
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 7.9 %
ALBEMARLE CORP 7.4 %
LIONTOWN RESOURCES LIMITED 7.2 %
INDEPENDENCE GROUP NL 6.5 %
MINERAL RESOURCES LTD 6.2 %
AMG ADVANCED METALLURGICAL 4.4 %
LITHIUM AMERICAS CORP. 3.7 %
GUANGZHOU TINCI MATERIALS TECHNOLO 3.6 %
SICHUAN YAHUA INDUSTRIAL GROUP CO. 3.6 %
VULCAN ENERGY RESOURCES LTD. 3.4 %
Total 53.9 %

TOP COUNTRY EXPOSURE
AUSTRALIA 37.1 %
CHINA 33.2 %
UNITED STATES 7.4 %
CANADA 5.3 %
NETHERLANDS 4.4 %
CHILE 3.0 %
FRANCE 2.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
78.1% 53.8% -- -- 61.5%

Market Correlations
versus... Beta R-squared
S&P500 0.85 16%
MSCI EAFE 1.16 22%
MSCI Emg. Mkts. 1.29 30%

Technical Indicators
Recent close $43.74
30d moving avg. $40.39
Annualized volatility 34.8%
Short interest (ETF) 24.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2
Turnover 10.0%
Bid/Ask (% of price) 1.10%
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™: 3.7%


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
(%)
LITP Sprott Lithium Miners ETF 35.1 65 -30 1.6 -2.1
REMX VanEck Rare Earth/Strategic Metals ETF 33.4 54 -19 3.5 -0.2
ILIT iShares Lithium Miners and Producers ETF 32.8 47 -12 4.6 +0.9
ION ProShares S&P Global Core Battery Metals ETF 30.3 58 -23 7.0 +3.3
LIT Global X Lithium & Battery Tech ETF 28.8 75 -40 4.4 +0.7
SETM Sprott Energy Transition Materials ETF 20.7 65 -30 1.9 -1.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 19.8 72 -37 -1.3 -4.9
DMAT Global X Disruptive Materials ETF 16.2 59 -24 6.7 +3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 13.4 45 -10 1.4 -2.3
BATT Amplify Lithium & Battery Technology ETF 11.7 59 -24 2.8 -0.9
IDRV iShares Self-driving EV & Tech ETF 11.0 47 -12 1.3 -2.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 9.9 85 -50 6.1 +2.4
DRIV Global X Autonomous & Electric Vehicles ETF 9.4 68 -33 4.6 +1.0
NIKL Sprott Nickel Miners ETF 8.6 75 -40 9.3 +5.7
ACES ALPS Clean Energy ETF 7.0 55 -20 -2.6 -6.3
GMET VanEck Green Metals ETF 6.6 63 -28 7.3 +3.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.4 58 -23 -1.9 -5.6
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 6.8 +3.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.6 40 -5 7.8 +4.1
ZSB USCF Sustainable Battery Metals Strategy Fund 3.9 61 -26 5.4 +1.7
PBW Invesco WilderHill Clean Energy ETF 3.5 66 -31 -3.2 -6.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.7 70 -35 4.2 +0.5
IYM iShares U.S. Basic Materials ETF 2.3 40 -5 6.0 +2.3
XLB The Materials Select Sector SPDR Fund 2.1 8 27 6.4 +2.7
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.0 60 -25 5.3 +1.6
CVAR Cultivar ETF 2.0 87 -52 6.8 +3.1
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 -35 8.3 +4.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.7 60 -25 7.6 +3.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.7 65 -30 5.2 +1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.7 39 -4 10.7 +7.0
ILF iShares Latin America 40 ETF 1.7 48 -13 11.4 +7.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 0 6.2 +2.5
FXZ First Trust Materials AlphaDEX Fund 1.3 61 -26 9.4 +5.7
SPHB Invesco S&P 500 High Beta ETF 1.3 25 10 5.0 +1.3
ALTL Pacer Lunt Large Cap Alternator ETF 1.2 60 -25 4.7 +1.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.2 65 -30 7.0 +3.3
VAW Vanguard Materials ETF 1.1 9 26 6.3 +2.6
SMOT VanEck Morningstar SMID Moat ETF 1.1 49 -14 6.8 +3.1
MXI iShares Global Materials ETF 1.0 41 -6 7.0 +3.3
COPA Themes Copper Miners ETF 0.9 35 0 4.2 +0.5
FLAU Franklin FTSE Australia ETF 0.9 9 26 6.2 +2.6
XT iShares Exponential Technologies ETF 0.9 46 -11 4.6 +0.9
PBD Invesco Global Clean Energy ETF 0.7 75 -40 0.9 -2.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.7 39 -4 -1.3 -5.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.7 32 3 13.5 +9.8
FMAT Fidelity MSCI Materials Index ETF 0.7 8 27 6.3 +2.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 20 7.7 +4.0
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -45 11.6 +8.0
AVDS Avantis International Small Cap Equity ETF 0.7 30 5 6.8 +3.1
SDY State Street SPDR S&P Dividend ETF 0.7 35 0 6.8 +3.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 6.5 +2.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 -5 6.8 +3.1
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -40 4.2 +0.5
KALL KraneShares MSCI All China Index ETF 0.6 49 -14 12.7 +9.0
ARGT Global X MSCI Argentina ETF 0.5 59 -24 3.8 +0.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 20 6.0 +2.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -4 9.0 +5.3
ICPY Tweedy, Browne International Insider Value ETF 0.5 80 -45 0.0 -3.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 16 5.4 +1.8
STXM Strive Mid-Cap ETF 0.4 18 17 6.4 +2.7
TCHI iShares MSCI China Multisector Tech ETF 0.4 59 -24 16.9 +13.2
EWN iShares MSCI Netherlands ETF 0.4 50 -15 5.3 +1.6
VBR Vanguard Small Cap Value ETF 0.4 7 28 9.1 +5.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -44 7.8 +4.1
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 29 9.2 +5.5
CGDV Capital Group Dividend Value ETF 0.3 33 2 4.5 +0.8
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 31 7.0 +3.3
GWX SPDR S&P International Small Cap ETF 0.3 40 -5 6.6 +2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 10.6 +6.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 15 2.9 -0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 31 6.0 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 7.1 +3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 6.8 +3.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 18 5.9 +2.2
ISCB iShares Morningstar Small-Cap ETF 0.3 4 31 6.1 +2.4
AIEQ AI Powered Equity ETF 0.3 75 -40 4.9 +1.2
BIBL Inspire 100 ETF 0.3 35 0 5.2 +1.5
CGGR Capital Group Growth ETF 0.3 39 -4 3.4 -0.3
DFAS Dimensional U.S. Small Cap ETF 0.2 26 9 6.6 +2.9
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.7 +3.0
BLES Inspire Global Hope ETF 0.2 61 -26 6.8 +3.1
IPAC iShares Core MSCI Pacific ETF 0.2 9 26 6.1 +2.4
SMMD iShares Russell 2500 ETF 0.2 15 20 6.8 +3.1
FLCH Franklin FTSE China ETF 0.2 19 16 15.4 +11.7
VB Vanguard Small-Cap ETF 0.2 5 30 6.1 +2.4
DISV Dimensional International Small Cap Value ETF 0.2 42 -7 8.6 +4.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 29 2.9 -0.8
VPL Vanguard FTSE Pacific ETF 0.2 7 28 6.3 +2.7
SFYX SoFi Next 500 ETF 0.2 0 35 5.9 +2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 8.4 +4.7
DFIS Dimensional International Small Cap ETF 0.2 39 -4 6.9 +3.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 17 6.8 +3.2
IWS iShares Russell Mid-Cap Value ETF 0.2 23 12 7.1 +3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 8.0 +4.3
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 12 7.9 +4.2
AVDV Avantis International Small Cap Value ETF 0.2 36 -1 8.7 +5.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 7.4 +3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 8.1 +4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 27 7.1 +3.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.9 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 11.0 +7.3
DXIV Dimensional International Vector Equity ETF 0.1 34 1 7.4 +3.7
IWR iShares Russell Midcap ETF 0.1 19 16 6.2 +2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -23 9.4 +5.7
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 6.1 +2.4
AVIV Avantis International Large Cap Value ETF 0.1 25 10 8.1 +4.5
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 30 8.0 +4.3
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.2 +3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 7.4 +3.7
VSGX Vanguard ESG International Stock ETF 0.1 10 25 7.4 +3.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 9.5 +5.9
DXUV Dimensional US Vector Equity ETF 0.1 28 7 6.1 +2.4
XOEF iShares S&P 500 ex S&P 100 ETF 0.1 20 15 5.6 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 8.5 +4.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 6.7 +3.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 11.8 +8.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 5.6 +2.0
IQSI IQ Candriam International Equity ETF 0.1 15 20 6.2 +2.5
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.8 +1.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.0 +3.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 7.4 +3.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 6.6 +2.9
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 6.7 +3.0
VEA Vanguard FTSE Developed Markets ETF 0.1 3 32 6.8 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 7.6 +3.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -40 5.6 +1.9
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 6.9 +3.2
VXUS Vanguard Total International Stock ETF 0.1 5 30 7.6 +3.9
AVDE Avantis International Equity ETF 0.1 23 12 7.0 +3.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 9.2 +5.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.3 +2.6
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 6.8 +3.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 8.1 +4.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 7.8 +4.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 9.5 +5.8
VIG Vanguard Dividend Appreciation ETF 0.1 5 30 5.5 +1.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 -18 7.2 +3.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 8.5 +4.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 10.1 +6.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 6.7 +3.0
DGRO iShares Core Dividend Growth ETF 0.1 8 27 6.5 +2.8
SCHF Schwab International Equity ETF 0.1 6 29 6.8 +3.1
IUS Invesco RAFI Strategic US ETF 0.1 19 16 6.7 +3.0
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 23 7.3 +3.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 7.1 +3.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 6.5 +2.8
PTL Inspire 500 ETF 0.1 9 26 5.3 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 7.5 +3.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 8.4 +4.7
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 7.5 +3.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 10 7.3 +3.6
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 31 6.2 +2.5
VOOV Vanguard S&P 500 Value ETF 0.1 7 28 6.2 +2.5
IVE iShares S&P 500 Value ETF 0.1 18 17 6.1 +2.4
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 6.7 +3.0
IUSV iShares Core S&P US Value ETF 0.1 4 31 6.4 +2.7
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 17 5.3 +1.6
IWD iShares Russell 1000 Value ETF 0.1 19 16 6.3 +2.7
VONV Vanguard Russell 1000 Value ETF 0.1 7 28 6.5 +2.8
JHMD John Hancock Multifactor Developed International ETF 0.1 39 -4 7.1 +3.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 9.0 +5.3
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.8 +1.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 5.5 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 4.4 +0.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 6.3 +2.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 4.7 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 6.7 +3.0
PFM Invesco Dividend Achievers ETF 0.0 53 -18 5.3 +1.6
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.4 +1.7
VT Vanguard Total World Stock ETF 0.0 6 29 5.7 +2.0
BKIE BNY Mellon International Equity ETF 0.0 4 31 6.6 +2.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 15 6.5 +2.8
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.0 65 -30 6.4 +2.7
SSPY Syntax Stratified LargeCap ETF 0.0 30 5 6.7 +3.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.5 +2.8
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 5.8 +2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 8.8 +5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 7.4 +3.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.5 +4.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 7.5 +3.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 8.9 +5.2
TOPC iShares S&P 500 3% Capped ETF 0.0 15 20 5.0 +1.4
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 6.7 +3.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.0 +1.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.6 +0.9
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.3 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 5.0 +1.3
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 4.9 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 5.5 +1.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.6 +0.9
CHRI Global X S&P 500 Christian Values ETF 0.0 29 6 4.6 +0.9
AVSD Avantis Responsible International Equity ETF 0.0 23 12 5.0 +1.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.3 +1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 17 7.2 +3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -4 6.3 +2.6
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.8 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.6 +1.9
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.6 +0.9
DIVB iShares Core Dividend ETF 0.0 5 30 8.2 +4.5
IVV iShares Core S&P 500 ETF 0.0 3 32 4.9 +1.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 20 5.9 +2.2
SPY SPDR S&P 500 ETF 0.0 9 26 4.8 +1.1
SPYM State Street SPDR Portfolio S&P 500 ETF 0.0 2 33 4.9 +1.2
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 5.1 +1.4
VOO Vanguard S&P 500 ETF 0.0 3 32 4.9 +1.2
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.9 +1.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 5.0 +1.3
RAUS RACWI US ETF 0.0 15 20 4.7 +1.0
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.9 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 8.3 +4.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 5.0 +1.3
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.8 +1.1
SCHK Schwab 1000 Index ETF 0.0 5 30 4.9 +1.2
IWB iShares Russell 1000 ETF 0.0 15 20 4.8 +1.1
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.7 +1.0
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.8 +1.1
GXC SPDR S & P China ETF 0.0 59 -24 15.7 +12.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 7.8 +4.1
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.0 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.8 +1.1
IWV iShares Russell 3000 ETF 0.0 20 15 4.7 +1.0
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.8 +1.1
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.7 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 33 4.9 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.2 +2.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.7 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.8 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.6 +0.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.5 +1.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.8 +1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 6.6 +2.9
AVES Avantis Emerging Markets Value ETF 0.0 36 -1 10.7 +7.0
STXG Strive 1000 Growth ETF 0.0 18 17 3.8 +0.1
INTF iShares International Equity Factor ETF 0.0 15 20 7.2 +3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 9.0 +5.3
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.1 +3.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 10.4 +6.8
ACVF American Conservative Values ETF 0.0 75 -40 4.3 +0.6
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 6.8 +3.1
HKND Humankind US Stock ETF 0.0 11 24 7.3 +3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.1 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 9.3 +5.7
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.0 +3.3
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.0 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.0 17 18 9.0 +5.3
VGK Vanguard FTSE Europe ETF 0.0 6 29 7.2 +3.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 9.3 +5.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.0 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 10.3 +6.6
EBI Longview Advantage ETF 0.0 35 0 6.6 +2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 7.1 +3.4

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 10.2 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.80 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.