Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 -129.5x P/Sales
ratio		 2.1x
P/BV
ratio		 1.7x Div.
yield		 1.9%


  • 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 34
Wgt avg mkt cap (mns) $3,299
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 12.0 %
INDEPENDENCE GROUP NL 9.1 %
ALBEMARLE CORP 9.0 %
TIANQI LITHIUM INDUSTRIES, INC. CL 6.2 %
QUIMICA Y MINERA CHIL-SP ADR 6.0 %
MINERAL RESOURCES LTD 5.1 %
LIONTOWN RESOURCES LIMITED 4.8 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 4.4 %
GUANGZHOU TINCI MATERIALS TECHNOLO 4.2 %
JIANGXI GANFENG LITHIUM CO., LTD. 4.1 %
Total 65.0 %

TOP COUNTRY EXPOSURE
AUSTRALIA 36.1 %
CHINA 35.7 %
UNITED STATES 10.9 %
CHILE 6.3 %
NETHERLANDS 2.5 %
FRANCE 2.2 %
CANADA 1.8 %
HONG KONG 1.8 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% -- -- -- 4.6%

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

Technical Indicators
Recent close $31.09
30d moving avg. $28.51
Annualized volatility 0.0%
Short interest (ETF) 5.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 2
Turnover 10.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 245 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™: 7.1%


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 41.4 65 -30 2.0 -5.1
LIT Global X Lithium & Battery Tech ETF 41.2 75 -40 4.8 -2.2
ILIT iShares Lithium Miners and Producers ETF 34.1 47 -12 6.8 -0.2
REMX VanEck Rare Earth/Strategic Metals ETF 29.4 54 -19 3.8 -3.2
ION ProShares S&P Global Core Battery Metals ETF 23.5 58 -23 9.7 +2.6
SETM Sprott Energy Transition Materials ETF 19.1 65 -30 2.8 -4.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 15.1 72 -37 -0.9 -8.0
DMAT Global X Disruptive Materials ETF 14.5 59 -24 7.8 +0.8
BATT Amplify Lithium & Battery Technology ETF 11.4 59 -24 3.6 -3.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 10.7 45 -10 4.0 -3.1
DRIV Global X Autonomous & Electric Vehicles ETF 9.6 68 -33 5.0 -2.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 9.3 85 -50 8.7 +1.7
NIKL Sprott Nickel Miners ETF 8.3 75 -40 10.1 +3.1
IDRV iShares Self-driving EV & Tech ETF 7.6 47 -12 1.8 -5.3
ACES ALPS Clean Energy ETF 6.0 55 -20 -3.5 -10.6
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 10.5 +3.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.7 58 -23 -2.3 -9.3
GMET VanEck Green Metals ETF 5.5 63 -28 9.1 +2.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.5 40 -5 7.6 +0.6
ZSB USCF Sustainable Battery Metals Strategy Fund 3.9 61 -26 8.4 +1.3
PBW Invesco WilderHill Clean Energy ETF 3.9 66 -31 -3.7 -10.7
CARZ First Trust NASDAQ Global Auto Index Fund 3.4 70 -35 4.8 -2.3
PBD Invesco Global Clean Energy ETF 2.1 75 -40 -0.3 -7.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.5 39 -4 -0.9 -7.9
IYM iShares U.S. Basic Materials ETF 1.4 40 -5 6.0 -1.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.3 65 -30 4.9 -2.1
ILF iShares Latin America 40 ETF 1.3 48 -13 12.9 +5.8
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -35 8.2 +1.2
XLB Materials Select Sector SPDR Fund 1.3 8 27 6.3 -0.8
COPA Themes Copper Miners ETF 1.2 35 0 5.9 -1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 -4 12.7 +5.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 0 6.1 -1.0
CVAR Cultivar ETF 1.2 87 -52 6.8 -0.3
SPHB Invesco S&P 500 High Beta ETF 1.2 25 10 4.6 -2.4
ALTL Pacer Lunt Large Cap Alternator ETF 1.1 60 -25 4.2 -2.8
FXZ First Trust Materials AlphaDEX Fund 1.0 61 -26 9.9 +2.9
XT iShares Exponential Technologies ETF 0.9 46 -11 4.9 -2.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.9 65 -30 6.9 -0.1
IBAT iShares Energy Storage & Materials ETF 0.9 47 -12 3.8 -3.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.8 32 3 16.1 +9.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -4 11.0 +4.0
FMAT Fidelity MSCI Materials Index ETF 0.7 8 27 6.0 -1.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 20 7.5 +0.4
VAW Vanguard Materials ETF 0.7 9 26 6.0 -1.0
MXI iShares Global Materials ETF 0.6 41 -6 7.6 +0.5
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 6.4 -0.6
RCGE RockCreek Global Equality ETF 0.6 95 -60 6.7 -0.4
FLAU Franklin FTSE Australia ETF 0.6 9 26 6.1 -1.0
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -40 4.8 -2.3
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -45 11.8 +4.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 20 6.0 -1.1
AVDS Avantis International Small Cap Equity ETF 0.4 30 5 7.3 +0.3
DARP Grizzle Growth ETF 0.4 75 -40 2.9 -4.1
KALL KraneShares MSCI All China Index ETF 0.4 49 -14 14.9 +7.9
EWN iShares MSCI Netherlands ETF 0.4 50 -15 5.6 -1.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 6.9 -0.2
ARGT Global X MSCI Argentina ETF 0.4 59 -24 4.5 -2.5
SDY SPDR S&P Dividend ETF 0.4 35 0 6.6 -0.5
CGDV Capital Group Dividend Value ETF 0.3 33 2 4.5 -2.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 6.8 -0.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 16 5.8 -1.3
TCHI iShares MSCI China Multisector Tech ETF 0.3 59 -24 16.6 +9.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 31 6.1 -0.9
BIBL Inspire 100 ETF 0.3 35 0 5.1 -1.9
CGGR Capital Group Growth ETF 0.3 39 -4 3.1 -3.9
STXM Strive Mid-Cap ETF 0.2 18 17 6.1 -0.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -44 9.0 +2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -14 6.8 -0.2
VBR Vanguard Small Cap Value ETF 0.2 7 28 9.1 +2.0
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.5 -0.5
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 29 9.2 +2.2
BLES Inspire Global Hope ETF 0.2 61 -26 6.8 -0.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 15 2.5 -4.5
GWX SPDR S&P International Small Cap ETF 0.2 40 -5 6.0 -1.1
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 31 6.6 -0.5
FLCH Franklin FTSE China ETF 0.2 19 16 16.0 +9.0
ISCB iShares Morningstar Small-Cap ETF 0.2 4 31 6.2 -0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 8.7 +1.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 5.7 -1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 9.3 +2.3
DISV Dimensional International Small Cap Value ETF 0.2 42 -7 9.1 +2.0
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 6.3 -0.7
VB Vanguard Small-Cap ETF 0.1 5 30 6.1 -0.9
SMMD iShares Russell 2500 ETF 0.1 15 20 6.1 -0.9
IPAC iShares Core MSCI Pacific ETF 0.1 9 26 6.3 -0.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 29 2.9 -4.2
DFIS Dimensional International Small Cap ETF 0.1 39 -4 7.3 +0.3
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 8.2 +1.1
VPL Vanguard FTSE Pacific ETF 0.1 7 28 6.8 -0.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.8 -2.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 17 6.8 -0.2
SFYX SoFi Next 500 ETF 0.1 0 35 5.7 -1.3
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 12.2 +5.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 2 8.8 +1.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 13.4 +6.4
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 9.5 +2.4
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.7 -0.4
DXIV Dimensional International Vector Equity ETF 0.1 34 1 7.8 +0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 9.3 +2.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.2 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 10.4 +3.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 6.6 -0.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 9.4 +2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 7.9 +0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 27 6.1 -0.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -23 9.8 +2.7
IWR iShares Russell Midcap ETF 0.1 19 16 5.7 -1.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 8.8 +1.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 5.8 -1.3
VSGX Vanguard ESG International Stock ETF 0.1 10 25 7.7 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 9.4 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.3 -0.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 10.3 +3.3
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.8 -2.3
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 6.7 -0.3
PTL Inspire 500 ETF 0.1 9 26 5.2 -1.9
AVIV Avantis International Large Cap Value ETF 0.1 25 10 8.6 +1.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 8.6 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 7.9 +0.9
IUS Invesco RAFI Strategic US ETF 0.1 19 16 6.9 -0.2
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 7.0 -0.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 30 7.9 +0.8
STXV Strive 1000 Value ETF 0.1 18 17 8.0 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 8.1 +1.1
DGRO iShares Core Dividend Growth ETF 0.1 8 27 6.5 -0.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 7.5 +0.4
DXUV Dimensional US Vector Equity ETF 0.1 28 7 6.2 -0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 -18 7.9 +0.9
APIE ActivePassive International Equity ETF 0.1 45 -10 7.6 +0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 10.5 +3.4
IQSI IQ Candriam International Equity ETF 0.1 15 20 6.6 -0.4
AVDE Avantis International Equity ETF 0.1 23 12 7.4 +0.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 10.2 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 8.1 +1.0
VXUS Vanguard Total International Stock ETF 0.0 5 30 7.9 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 32 7.0 -0.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 32 7.2 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 31 7.0 -0.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 29 7.0 -0.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -40 5.3 -1.7
VIG Vanguard Dividend Appreciation ETF 0.0 5 30 5.6 -1.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 17 7.1 +0.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 6.8 -0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 15 7.1 +0.0
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.0 65 -30 6.4 -0.7
SSPY Syntax Stratified LargeCap ETF 0.0 30 5 6.7 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 9.7 +2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 2 10.2 +3.2
SCHF Schwab International Equity ETF 0.0 6 29 7.3 +0.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.4 +0.3
GXC SPDR S&P China ETF 0.0 59 -24 15.4 +8.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.2 +0.1
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 28 7.9 +0.9
PFM Invesco Dividend Achievers ETF 0.0 53 -18 5.3 -1.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.2 +0.2
IVE iShares S&P 500 Value ETF 0.0 18 17 6.1 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.0 4 31 6.3 -0.8
VOOV Vanguard S&P 500 Value ETF 0.0 7 28 6.3 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 6.8 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 6.7 -0.4
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.4 -0.7
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 6.8 -0.2
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.4 -0.7
JHMD John Hancock Multifactor Developed International ETF 0.0 39 -4 7.6 +0.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.6 -2.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.3 -1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 5.0 -2.1
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 5.1 -2.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 5.5 -1.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.5 -0.5
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 6.0 -1.1
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.8 -2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 4.4 -2.6
VONV Vanguard Russell 1000 Value ETF 0.0 7 28 6.5 -0.5
BKIE BNY Mellon International Equity ETF 0.0 4 31 7.0 -0.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 15 6.9 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 9.0 +1.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 10.3 +3.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 7.7 +0.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 4.8 -2.3
VT Vanguard Total World Stock ETF 0.0 6 29 5.9 -1.2
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 11.1 +4.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 11 6.3 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 9.6 +2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 17 7.9 +0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -4 6.7 -0.3
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.7 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 33 4.9 -2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.3 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.8 -2.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.9 -2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.6 -2.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.6 -1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.9 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.6 -2.4
DIVB iShares Core Dividend ETF 0.0 5 30 8.0 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 10.0 +2.9
AVES Avantis Emerging Markets Value ETF 0.0 36 -1 11.1 +4.0
AVSD Avantis Responsible International Equity ETF 0.0 23 12 5.7 -1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 8.8 +1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 6.9 -0.1
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.8 -2.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 5.1 -2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.7 -2.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 7.8 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 9.6 +2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.7 -1.4
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.9 -2.1
IVV iShares Core S&P 500 ETF 0.0 3 32 4.9 -2.1
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 33 4.9 -2.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.1 -1.9
SPY SPDR S&P 500 ETF Trust 0.0 9 26 4.9 -2.2
VOO Vanguard S&P 500 ETF 0.0 3 32 5.0 -2.1
SCHK Schwab 1000 Index ETF 0.0 5 30 5.0 -2.1
IWB iShares Russell 1000 ETF 0.0 15 20 4.8 -2.2
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.8 -2.3
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 5.1 -1.9
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.9 -2.2
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.8 -2.2
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.9 -2.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.0 -2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.9 -2.2
IWV iShares Russell 3000 ETF 0.0 20 15 4.7 -2.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 5.5 -1.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 12 7.4 +0.4
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.4 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.4 -1.7
ACVF American Conservative Values ETF 0.0 75 -40 4.3 -2.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 7.0 -0.1
HKND Humankind US Stock ETF 0.0 11 24 7.1 +0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.2 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 9.2 +2.2
RSSL Global X Russell 2000 ETF 0.0 8 27 4.4 -2.7
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.8 -2.3
STXG Strive 1000 Growth ETF 0.0 18 17 3.8 -3.2
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 10.7 +3.6
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.2 -1.8
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.4 +0.4
VGK Vanguard FTSE Europe ETF 0.0 6 29 7.5 +0.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.0 -2.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.3 -1.7
VYMI Vanguard International High Dividend Yield ETF 0.0 17 18 9.5 +2.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.3 -1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.5 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 7.5 +0.4

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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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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.70 CATEGORY
AVERAGE		 1.63
 
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.