Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 -155.7x P/Sales
ratio		 2.5x
P/BV
ratio		 2.0x Div.
yield		 1.6%


  • 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 31
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 11.8 %
ALBEMARLE CORP 8.3 %
INDEPENDENCE GROUP NL 7.6 %
TIANQI LITHIUM INDUSTRIES, INC. CL 6.1 %
GUANGZHOU TINCI MATERIALS TECHNOLO 5.8 %
QUIMICA Y MINERA CHIL-SP ADR 5.5 %
MINERAL RESOURCES LTD 5.4 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 4.9 %
JIANGXI GANFENG LITHIUM CO., LTD. 4.8 %
LIONTOWN RESOURCES LIMITED 4.3 %
Total 64.7 %

TOP COUNTRY EXPOSURE
CHINA 34.5 %
AUSTRALIA 32.7 %
CANADA 8.5 %
UNITED STATES 5.7 %
NETHERLANDS 5.7 %
FRANCE 2.6 %
CHILE 2.3 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
53.2% 32.6% -- -- 50.2%

Market Correlations
versus... Beta R-squared
S&P500 1.25 20%
MSCI EAFE 0.11 0%
MSCI Emg. Mkts. -1.47 13%

Technical Indicators
Recent close $37.37
30d moving avg. $34.86
Annualized volatility 36.0%
Short interest (ETF) 1.9%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3
Turnover 30.0%
Bid/Ask (% of price) 1.77%
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™: 5.8%


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 41.8 75 -40 4.1 -1.7
LITP Sprott Lithium Miners ETF 38.8 65 -30 1.6 -4.2
ION ProShares S&P Global Core Battery Metals ETF 33.2 58 -23 8.7 +2.9
ILIT iShares Lithium Miners and Producers ETF 32.8 47 -12 5.7 -0.1
REMX VanEck Rare Earth/Strategic Metals ETF 28.8 54 -19 3.3 -2.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 19.8 72 -37 -0.9 -6.7
SETM Sprott Energy Transition Materials ETF 17.8 65 -30 2.1 -3.7
DMAT Global X Disruptive Materials ETF 15.2 59 -24 6.6 +0.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 13.4 45 -10 4.0 -1.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 12.4 85 -50 8.8 +3.0
BATT Amplify Lithium & Battery Technology ETF 10.6 59 -24 3.1 -2.7
DRIV Global X Autonomous & Electric Vehicles ETF 10.0 68 -33 4.8 -1.0
IDRV iShares Self-driving EV & Tech ETF 7.6 47 -12 1.9 -4.0
NIKL Sprott Nickel Miners ETF 7.2 75 -40 8.5 +2.7
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 10.6 +4.7
ACES ALPS Clean Energy ETF 5.6 55 -20 -3.2 -9.0
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.3 58 -23 -2.1 -7.9
GMET VanEck Green Metals ETF 5.0 63 -28 7.6 +1.8
ZSB USCF Sustainable Battery Metals Strategy Fund 4.8 61 -26 6.9 +1.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.4 40 -5 8.2 +2.4
PBW Invesco WilderHill Clean Energy ETF 3.5 66 -31 -3.1 -8.9
CARZ First Trust NASDAQ Global Auto Index Fund 3.3 70 -35 4.6 -1.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.0 39 -4 -0.9 -6.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.7 65 -30 4.9 -0.9
PBD Invesco Global Clean Energy ETF 1.7 75 -40 -0.4 -6.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 0 6.3 +0.5
IYM iShares U.S. Basic Materials ETF 1.3 40 -5 6.2 +0.4
CVAR Cultivar ETF 1.3 87 -52 6.9 +1.1
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -35 8.9 +3.1
XLB Materials Select Sector SPDR Fund 1.2 8 27 6.7 +0.9
ILF iShares Latin America 40 ETF 1.2 48 -13 13.0 +7.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 -4 11.8 +6.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.2 65 -30 7.1 +1.3
ALTL Pacer Lunt Large Cap Alternator ETF 1.1 60 -25 4.3 -1.6
SPHB Invesco S&P 500 High Beta ETF 1.1 25 10 4.6 -1.2
COPA Themes Copper Miners ETF 1.1 35 0 4.9 -0.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 3 16.0 +10.2
IBAT iShares Energy Storage & Materials ETF 1.0 47 -12 3.5 -2.4
FXZ First Trust Materials AlphaDEX Fund 0.9 61 -26 10.3 +4.5
FLAU Franklin FTSE Australia ETF 0.9 9 26 6.2 +0.4
XT iShares Exponential Technologies ETF 0.8 46 -11 4.8 -1.0
FMAT Fidelity MSCI Materials Index ETF 0.7 8 27 6.4 +0.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 20 7.8 +2.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -4 10.5 +4.7
AVDS Avantis International Small Cap Equity ETF 0.7 30 5 7.3 +1.5
VAW Vanguard Materials ETF 0.6 9 26 6.4 +0.6
MXI iShares Global Materials ETF 0.6 41 -6 7.6 +1.8
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -40 4.9 -0.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 6.6 +0.8
RCGE RockCreek Global Equality ETF 0.6 95 -60 6.9 +1.1
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -45 12.1 +6.3
KALL KraneShares MSCI All China Index ETF 0.6 49 -14 15.1 +9.3
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 20 6.2 +0.4
IPOS Renaissance International IPO ETF 0.5 80 -45 2.3 -3.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 16 6.0 +0.2
EWN iShares MSCI Netherlands ETF 0.4 50 -15 5.3 -0.5
TCHI iShares MSCI China Multisector Tech ETF 0.4 59 -24 16.4 +10.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 7.0 +1.2
ARGT Global X MSCI Argentina ETF 0.4 59 -24 5.3 -0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -44 8.6 +2.8
SDY SPDR S&P Dividend ETF 0.3 35 0 6.8 +1.0
CGDV Capital Group Dividend Value ETF 0.3 33 2 4.6 -1.2
DARP Grizzle Growth ETF 0.3 75 -40 2.8 -3.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 15 6.9 +1.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 31 6.3 +0.5
FLCH Franklin FTSE China ETF 0.3 19 16 15.9 +10.1
BIBL Inspire 100 ETF 0.3 35 0 5.2 -0.7
CGGR Capital Group Growth ETF 0.3 39 -4 3.2 -2.6
BUZZ VanEck Social Sentiment ETF 0.3 75 -40 -0.4 -6.2
STXM Strive Mid-Cap ETF 0.2 18 17 6.3 +0.5
BLES Inspire Global Hope ETF 0.2 61 -26 6.9 +1.1
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.8 +1.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -14 7.0 +1.2
VBR Vanguard Small Cap Value ETF 0.2 7 28 9.5 +3.7
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 29 9.7 +3.9
GWX SPDR S&P International Small Cap ETF 0.2 40 -5 6.1 +0.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 31 6.8 +1.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 15 2.4 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 9.2 +3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 8.8 +3.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 17 7.2 +1.4
DISV Dimensional International Small Cap Value ETF 0.2 42 -7 9.1 +3.2
ISCB iShares Morningstar Small-Cap ETF 0.2 4 31 6.4 +0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 8.7 +2.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 5.8 +0.0
AVDV Avantis International Small Cap Value ETF 0.2 36 -1 9.4 +3.6
IPAC iShares Core MSCI Pacific ETF 0.1 9 26 6.5 +0.7
DFIS Dimensional International Small Cap ETF 0.1 39 -4 7.4 +1.6
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 6.7 +0.9
VB Vanguard Small-Cap ETF 0.1 5 30 6.3 +0.5
SMMD iShares Russell 2500 ETF 0.1 15 20 6.3 +0.5
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 13.5 +7.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.9 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 12.2 +6.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 10.3 +4.5
VPL Vanguard FTSE Pacific ETF 0.1 7 28 7.0 +1.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 29 2.9 -2.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -23 10.2 +4.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 8.3 +2.5
SFYX SoFi Next 500 ETF 0.1 0 35 5.9 +0.1
AVIV Avantis International Large Cap Value ETF 0.1 25 10 8.6 +2.8
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.4 +1.6
DXIV Dimensional International Vector Equity ETF 0.1 34 1 8.0 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 9.3 +3.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.9 +1.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 9.4 +3.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 9.2 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 10.1 +4.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 8.5 +2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 8.0 +2.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 6.7 +0.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 5.9 +0.1
IQSI IQ Candriam International Equity ETF 0.1 15 20 6.7 +0.9
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.8 -1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 9.7 +3.9
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 8.7 +2.9
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 10.3 +4.5
VSGX Vanguard ESG International Stock ETF 0.1 10 25 7.7 +1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 27 6.2 +0.4
IWR iShares Russell Midcap ETF 0.1 19 16 6.0 +0.2
AVDE Avantis International Equity ETF 0.1 23 12 7.4 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 7.9 +2.1
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.6 +0.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 6.8 +1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 10.3 +4.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 7.1 +1.2
PTL Inspire 500 ETF 0.1 9 26 5.3 -0.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 2 10.0 +4.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 8.0 +2.2
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 7.1 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 8.2 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -24 9.0 +3.2
IUS Invesco RAFI Strategic US ETF 0.1 19 16 7.0 +1.2
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 30 8.3 +2.5
VXUS Vanguard Total International Stock ETF 0.1 5 30 7.9 +2.1
DGRO iShares Core Dividend Growth ETF 0.1 8 27 6.6 +0.8
JHMD John Hancock Multifactor Developed International ETF 0.1 39 -4 7.7 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 -18 7.9 +2.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 32 7.0 +1.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 13 7.7 +1.9
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 31 7.0 +1.2
DXUV Dimensional US Vector Equity ETF 0.0 28 7 6.4 +0.6
VEA Vanguard FTSE Developed Markets ETF 0.0 3 32 7.3 +1.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 17 7.2 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -40 5.5 -0.3
VYM Vanguard High Dividend Yield Index ETF 0.0 6 29 7.2 +1.4
VIG Vanguard Dividend Appreciation ETF 0.0 5 30 5.6 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 6.7 +0.9
SCHF Schwab International Equity ETF 0.0 6 29 7.3 +1.5
GXC SPDR S&P China ETF 0.0 59 -24 15.5 +9.7
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 28 7.9 +2.1
BKIE BNY Mellon International Equity ETF 0.0 4 31 7.1 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 15 7.0 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 17 8.0 +2.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.0 65 -30 6.5 +0.7
SSPY Syntax Stratified LargeCap ETF 0.0 30 5 6.8 +1.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.7 +0.9
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 6.1 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 9.4 +3.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 10.2 +4.4
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.6 +1.8
APIE ActivePassive International Equity ETF 0.0 45 -10 7.5 +1.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.3 +1.5
PFM Invesco Dividend Achievers ETF 0.0 53 -18 5.3 -0.5
IVE iShares S&P 500 Value ETF 0.0 18 17 6.3 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.0 4 31 6.4 +0.6
VOOV Vanguard S&P 500 Value ETF 0.0 7 28 6.4 +0.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.4 +1.6
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 6.8 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 6.9 +1.1
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.5 +0.7
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 6.9 +1.1
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.5 +0.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 28 6.7 +0.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.6 -1.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.4 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 5.1 -0.7
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 25 5.1 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.0 9 26 5.7 -0.2
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.5 -0.4
AVSD Avantis Responsible International Equity ETF 0.0 23 12 5.7 -0.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.4 -0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -4 6.8 +1.0
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.8 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 4.4 -1.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 11.0 +5.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 5.6 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 4.7 -1.1
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 7.6 +1.8
VT Vanguard Total World Stock ETF 0.0 6 29 5.9 +0.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 11 6.4 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 9.6 +3.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 8.9 +3.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 12 7.5 +1.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.7 -1.1
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.8 +0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 33 5.0 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.5 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.8 -1.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.9 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 4.7 -1.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.7 -0.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.9 -0.9
DIVB iShares Core Dividend ETF 0.0 5 30 8.3 +2.5
AVES Avantis Emerging Markets Value ETF 0.0 36 -1 11.3 +5.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 6.9 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.7 -0.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 9.5 +3.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 5.2 -0.6
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.8 -1.0
IVV iShares Core S&P 500 ETF 0.0 3 32 5.0 -0.8
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 33 5.0 -0.8
SPY SPDR S&P 500 ETF Trust 0.0 9 26 4.9 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.7 -1.1
VOO Vanguard S&P 500 ETF 0.0 3 32 5.0 -0.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 8.0 +2.2
SCHK Schwab 1000 Index ETF 0.0 5 30 5.0 -0.8
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 5.0 -0.8
IWB iShares Russell 1000 ETF 0.0 15 20 4.9 -0.9
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.8 -1.0
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.2 -0.6
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 5.2 -0.6
VONE Vanguard Russell 1000 ETF 0.0 7 28 5.0 -0.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.1 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.9 -0.9
IWV iShares Russell 3000 ETF 0.0 20 15 4.8 -1.0
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.9 -0.9
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.9 -0.9
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.9 -1.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.1 -0.7
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.5 +1.6
ACVF American Conservative Values ETF 0.0 75 -40 4.4 -1.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 7.3 +1.5
HKND Humankind US Stock ETF 0.0 11 24 7.2 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.2 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 9.3 +3.5
STXG Strive 1000 Growth ETF 0.0 18 17 3.9 -1.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.5 -0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 10.6 +4.8
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.3 -0.5
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.4 +1.6
VGK Vanguard FTSE Europe ETF 0.0 6 29 7.6 +1.7
VYMI Vanguard International High Dividend Yield ETF 0.0 17 18 9.8 +4.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.6 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 7.4 +1.6

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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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 ** ** **
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Historical valuation trends

Forward
multiple:		 Themes Lithium & Battery Metal Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.8 %
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.