Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 3.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -78.8x P/Sales
ratio		 3.0x
P/BV
ratio		 2.3x Div.
yield		 1.5%


  • 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 31
Wgt avg mkt cap (mns) $9,341
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 9.5 %
ALBEMARLE CORP 7.8 %
GUANGZHOU TINCI MATERIALS TECHNOLO 6.1 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 5.2 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.8 %
LIONTOWN RESOURCES LIMITED 3.9 %
INDEPENDENCE GROUP NL 3.8 %
JIANGXI GANFENG LITHIUM CO., LTD. 3.6 %
MINERAL RESOURCES LTD 3.4 %
CORE LITHIUM LTD 3.3 %
Total 51.4 %

TOP COUNTRY EXPOSURE
CHINA 37.1 %
AUSTRALIA 31.2 %
UNITED STATES 7.8 %
CANADA 7.7 %
FRANCE 2.7 %
CHILE 1.5 %
NETHERLANDS 1.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.9% 164.5% -- -- 64.3%

Market Correlations
versus... Beta R-squared
S&P500 1.36 13%
MSCI EAFE 1.23 18%
MSCI Emg. Mkts. 1.06 23%

Technical Indicators
Recent close $42.55
30d moving avg. $51.12
Annualized volatility 34.8%
Short interest (ETF) 4.3%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 1
Turnover 2.0%
Bid/Ask (% of price) 1.15%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 288 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™: 3.4%


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
(%)
ION ProShares S&P Global Core Battery Metals ETF 28.5 58 -23 6.6 +3.2
LIT Global X Lithium & Battery Tech ETF 25.7 75 -40 5.6 +2.2
ILIT iShares Lithium Miners and Producers ETF 24.7 47 -12 4.0 +0.6
REMX VanEck Rare Earth/Strategic Metals ETF 23.7 54 -19 3.1 -0.3
SETM Sprott Energy Transition Materials ETF 17.5 65 -30 1.9 -1.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 15.9 72 -37 2.5 -0.9
BATT Amplify Lithium & Battery Technology ETF 11.3 59 -24 2.1 -1.3
IDRV iShares Self-driving EV & Tech ETF 10.8 47 -12 1.5 -1.9
GMET VanEck Green Metals ETF 7.3 63 -28 1.0 -2.4
DRIV Global X Autonomous & Electric Vehicles ETF 6.1 68 -33 3.2 -0.1
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 6.4 +3.0
NIKL Sprott Nickel Miners ETF 4.7 75 -40 9.5 +6.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.6 40 -5 5.7 +2.3
PBW Invesco WilderHill Clean Energy ETF 4.1 66 -31 -3.0 -6.4
ACES ALPS Clean Energy ETF 4.0 55 -20 -2.7 -6.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.8 58 -23 -1.9 -5.2
CVAR Cultivar ETF 3.3 87 -52 7.1 +3.7
ARGT Global X MSCI Argentina ETF 2.7 59 -24 3.2 -0.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.4 65 -30 4.3 +0.9
XLB Materials Select Sector SPDR 2.3 8 27 5.5 +2.1
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.0 60 -25 4.3 +0.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.0 70 -35 2.3 -1.1
IYM iShares U.S. Basic Materials ETF 2.0 40 -5 4.6 +1.2
SLX VanEck Steel ETF 1.9 56 -21 10.7 +7.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.9 39 -4 8.5 +5.1
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 -14 4.3 +1.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.7 39 -4 1.1 -2.3
FLAU Franklin FTSE Australia ETF 1.5 9 26 5.9 +2.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.5 39 -4 1.0 -2.4
FMAT Fidelity MSCI Materials Index ETF 1.5 8 27 5.2 +1.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.4 65 -30 6.1 +2.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 0 10.9 +7.5
GRNJ Fundstrat Granny Shots US Small & Mid Cap ETF 1.4 75 -40 1.9 -1.4
MXI iShares Global Materials ETF 1.3 41 -6 6.2 +2.8
SMOT VanEck Morningstar SMID Moat ETF 1.3 49 -14 6.3 +2.9
SPHB Invesco S&P 500 High Beta ETF 1.3 25 10 3.5 +0.1
TMAT Main Thematic Innovation ETF 1.2 164 -129 -1.9 -5.3
SAMM Strategas Macro Momentum ETF 1.2 66 -31 3.8 +0.4
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 -35 7.1 +3.7
ILF iShares Latin America 40 ETF 1.2 48 -13 9.6 +6.2
OTGL OTG Latin America ETF 1.2 269 -234 7.7 +4.3
GPT Intelligent Alpha Atlas ETF 1.2 69 -34 6.0 +2.7
VAW Vanguard Materials ETF 1.2 9 26 5.2 +1.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 3 14.0 +10.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 20 5.0 +1.6
ICAP InfraCap Equity Income Fund ETF 0.9 171 -136 4.5 +1.1
EWA iShares MSCI Australia ETF 0.9 50 -15 5.3 +1.9
YOKE Yoke Core ETF 0.9 42 -7 3.6 +0.3
XT iShares Exponential Technologies ETF 0.8 46 -11 3.8 +0.5
PBD Invesco Global Clean Energy ETF 0.7 75 -40 0.3 -3.1
JAVA JPMorgan Active Value ETF 0.7 44 -9 5.4 +2.0
FXZ First Trust Materials AlphaDEX Fund 0.7 61 -26 7.0 +3.7
ALTL Pacer Lunt Large Cap Alternator ETF 0.7 60 -25 4.5 +1.1
AVDS Avantis International Small Cap Equity ETF 0.7 30 5 6.1 +2.7
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 5.4 +2.0
COPA Themes Copper Miners ETF 0.6 35 0 3.2 -0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -44 7.6 +4.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 31 5.6 +2.2
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 -12 5.0 +1.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 -5 6.2 +2.8
DON WisdomTree U.S. MidCap Dividend Fund 0.5 38 -3 8.0 +4.6
STXM Strive Mid-Cap ETF 0.5 18 17 5.9 +2.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.5 60 -25 5.9 +2.6
GWX SPDR S&P International Small Cap ETF 0.5 40 -5 6.0 +2.6
CGGR Capital Group Growth ETF 0.5 39 -4 2.5 -0.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -4 8.5 +5.1
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.5 15 20 6.2 +2.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 28 5.2 +1.8
BIBL Inspire 100 ETF 0.5 35 0 4.0 +0.7
EWN iShares MSCI Netherlands ETF 0.4 50 -15 4.5 +1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -45 9.4 +6.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.4 65 -30 4.5 +1.2
WSML iShares MSCI World Small-Cap ETF 0.4 15 20 5.3 +1.9
TCHI iShares MSCI China Multisector Tech ETF 0.4 59 -24 13.7 +10.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 -4 6.8 +3.5
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 31 5.7 +2.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 11 7.1 +3.7
FLCH Franklin FTSE China ETF 0.3 19 16 18.6 +15.2
IPAC iShares Core MSCI Pacific ETF 0.3 9 26 5.4 +2.0
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 29 7.5 +4.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 17 6.0 +2.6
SDY State Street SPDR S&P Dividend ETF 0.3 35 0 6.0 +2.6
ISCB iShares Morningstar Small-Cap ETF 0.3 4 31 5.2 +1.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 6.1 +2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 6.1 +2.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 18 4.8 +1.4
VBK Vanguard Small-Cap Growth ETF 0.3 7 28 1.2 -2.2
SGLC SGI U.S. Large Cap Core ETF 0.3 85 -50 3.6 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 3 7.4 +4.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 29 2.7 -0.7
VPL Vanguard FTSE Pacific ETF 0.3 7 28 5.2 +1.8
DFIS Dimensional International Small Cap ETF 0.3 39 -4 6.2 +2.8
BLES Inspire Global Hope ETF 0.3 61 -26 5.7 +2.3
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 22 1.6 -1.7
VB Vanguard Small-Cap ETF 0.2 5 30 5.1 +1.7
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 5.8 +2.4
SMMD iShares Russell 2500 ETF 0.2 15 20 5.4 +2.0
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 10 4.1 +0.7
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 -7 5.4 +2.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 20 4.8 +1.4
VBR Vanguard Small Cap Value ETF 0.2 7 28 7.7 +4.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 5.1 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -4 6.2 +2.8
SCHC Schwab International Small-Cap Equity ETF 0.2 11 24 6.7 +3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 6.0 +2.7
GVLU Gotham 1000 Value ETF 0.2 50 -15 8.2 +4.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 27 6.4 +3.0
AVIV Avantis International Large Cap Value ETF 0.2 25 10 6.9 +3.5
IWS iShares Russell Mid-Cap Value ETF 0.2 23 12 5.9 +2.5
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 12 7.3 +4.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 -1 6.0 +2.6
PEXL Pacer US Export Leaders ETF 0.2 60 -25 3.0 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 15 5.5 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 5.6 +2.2
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 7.9 +4.5
PTL Inspire 500 ETF 0.1 9 26 4.4 +1.0
AVSD Avantis Responsible International Equity ETF 0.1 23 12 5.9 +2.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 6.9 +3.5
IWR iShares Russell Midcap ETF 0.1 19 16 5.2 +1.9
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 6.2 +2.9
VSGX Vanguard ESG International Stock ETF 0.1 10 25 6.5 +3.1
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 6.0 +2.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 23 4.8 +1.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 7.0 +3.6
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -23 6.0 +2.6
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 6.9 +3.5
AVDE Avantis International Equity ETF 0.1 23 12 6.2 +2.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 3.8 +0.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 0 1.0 -2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 6.4 +3.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 -23 7.8 +4.4
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 6.0 +2.6
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 5.4 +2.0
DXIV Dimensional International Vector Equity ETF 0.1 34 1 6.6 +3.3
XOEF iShares S&P 500 ex S&P 100 ETF 0.1 20 15 4.6 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.1 3 32 5.9 +2.5
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 12 5.3 +1.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 6.6 +3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 8.0 +4.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 5.8 +2.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 6.0 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 6.7 +3.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.7 +2.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 7.0 +3.6
VXUS Vanguard Total International Stock ETF 0.1 5 30 6.6 +3.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.8 +2.4
IQSI IQ Candriam International Equity ETF 0.1 15 20 5.5 +2.1
URA Global X Uranium ETF 0.1 69 -34 1.0 -2.4
SCHF Schwab International Equity ETF 0.1 6 29 5.9 +2.5
DISV Dimensional International Small Cap Value ETF 0.1 42 -7 8.2 +4.9
VIG Vanguard Dividend Appreciation ETF 0.1 5 30 4.9 +1.5
BKIE BNY Mellon International Equity ETF 0.1 4 31 5.9 +2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 7.0 +3.6
AVMV Avantis U.S. Mid Cap Value ETF 0.1 20 15 7.2 +3.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.1 +3.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 7.9 +4.6
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 6.0 +2.6
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 6.6 +3.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.1 +5.7
USEW Cambria US EW ETF 0.1 30 5 4.1 +0.7
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 6.0 +2.6
DIHP Dimensional International High Profitability ETF 0.1 29 6 5.8 +2.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 5 4.7 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 7.9 +4.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 7.2 +3.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 8.8 +5.4
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.4 +1.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.1 +0.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 23 5.2 +1.9
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 4.8 +1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -53 7.9 +4.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.5 +2.2
GSPY Gotham Enhanced 500 ETF 0.1 50 -15 4.3 +1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 7.0 +3.6
IUS Invesco RAFI Strategic US ETF 0.1 19 16 5.5 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 18 4.6 +1.2
IVE iShares S&P 500 Value ETF 0.1 18 17 5.5 +2.1
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 31 5.6 +2.3
VOOV Vanguard S&P 500 Value ETF 0.1 7 28 5.6 +2.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 -18 5.0 +1.6
EFA iShares MSCI EAFE ETF 0.1 35 0 5.7 +2.3
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 0 5.6 +2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 3.1 -0.3
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 25 4.3 +0.9
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 26 4.8 +1.5
SSPY Syntax Stratified LargeCap ETF 0.1 30 5 6.0 +2.6
DXUV Dimensional US Vector Equity ETF 0.1 28 7 5.2 +1.8
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 5.5 +2.1
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 7.6 +4.2
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 7.5 +4.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 17 6.3 +2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 7.6 +4.2
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 17 4.6 +1.2
IUSV iShares Core S&P US Value ETF 0.1 4 31 5.8 +2.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 6.1 +2.7
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 9.3 +6.0
IWD iShares Russell 1000 Value ETF 0.1 19 16 5.2 +1.8
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 -5 3.7 +0.3
VONV Vanguard Russell 1000 Value ETF 0.1 7 28 5.3 +1.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 10 6.1 +2.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 15 0.8 -2.6
APIE ActivePassive International Equity ETF 0.1 45 -10 6.3 +3.0
DSI iShares MSCI KLD 400 Social ETF 0.1 25 10 4.1 +0.7
JHMD John Hancock Multifactor Developed International ETF 0.1 39 -4 6.2 +2.8
AVUS Avantis U.S. Equity ETF 0.1 15 20 4.7 +1.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 3 3.9 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 15 4.2 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 10 4.8 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 -15 8.3 +5.0
VT Vanguard Total World Stock ETF 0.0 6 29 5.0 +1.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 4.8 +1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 3.6 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 1 5.5 +2.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 4.5 +1.1
PFM Invesco Dividend Achievers ETF 0.0 53 -18 4.7 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 7.4 +4.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 6.4 +3.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 4.0 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.0 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.0 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 3.9 +0.5
VOTE TCW Transform 500 ETF 0.0 5 30 4.1 +0.7
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 17 5.4 +2.0
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.6 +0.2
STXG Strive 1000 Growth ETF 0.0 18 17 3.2 -0.2
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 4.3 +0.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 1 6.3 +2.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 4.3 +0.9
TOPC iShares S&P 500 3% Capped ETF 0.0 15 20 4.3 +0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 4.8 +1.4
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 5.6 +2.2
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -55 3.1 -0.3
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.1 +0.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 6.5 +3.2
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 5.6 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 26 4.3 +0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.1 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.0 +0.6
CHRI Global X S&P 500 Christian Values ETF 0.0 29 6 3.9 +0.5
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 3.9 +0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -23 8.4 +5.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.5 +5.1
SPY SPDR S&P 500 ETF 0.0 9 26 4.1 +0.7
SPYM State Street SPDR Portfolio S&P 500 ETF 0.0 2 33 4.2 +0.8
VOO Vanguard S&P 500 ETF 0.0 3 32 4.2 +0.8
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.0 +0.7
IVV iShares Core S&P 500 ETF 0.0 3 32 4.2 +0.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 4.3 +0.9
GXC SPDR S & P China ETF 0.0 59 -24 19.2 +15.9
SCHK Schwab 1000 Index ETF 0.0 5 30 4.2 +0.8
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.2 +0.8
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.2 +0.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.2 +0.8
IWB iShares Russell 1000 ETF 0.0 15 20 4.1 +0.7
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.0 +0.7
RAUS RACWI US ETF 0.0 15 20 4.1 +0.7
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.1 +0.7
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.1 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.1 +0.7
IWV iShares Russell 3000 ETF 0.0 20 15 4.0 +0.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 23 6.1 +2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 6.7 +3.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 4.3 +0.9
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 6.0 +2.6
SFY SoFi Select 500 ETF 0.0 0 35 3.7 +0.3
ACVF American Conservative Values ETF 0.0 75 -40 3.7 +0.3
INTF iShares International Equity Factor ETF 0.0 15 20 6.5 +3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 5.4 +2.0
EBI Longview Advantage ETF 0.0 35 0 5.9 +2.5
TOK iShares MSCI Kokusai ETF 0.0 26 9 4.3 +0.9
DIVB iShares Core Dividend ETF 0.0 5 30 6.8 +3.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.6 +4.2
URTH iShares MSCI World ETF 0.0 24 11 4.3 +0.9
ACWI iShares MSCI ACWI ETF 0.0 32 3 4.6 +1.2
STXV Strive 1000 Value ETF 0.0 18 17 6.7 +3.3
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.4 +6.0
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.5 +3.1
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.4 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 5.5 +2.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 5.9 +2.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 7.5 +4.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 6.1 +2.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.1 +1.8
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.6 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.6 +5.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 3.7 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.4 +6.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 5.9 +2.5

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 8.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.75 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.