MUFG Japan Small Cap Active ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 20.2x P/Sales
ratio		 1.2x
P/BV
ratio		 1.7x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MUFG Japan Small Cap Active ETF seeks to achieve long-term capital appreciation by investing primarily in small-cap Japanese equity securities through a dynamic, active investment strategy.

FUND BASICS
Category International Equities
Fund Sponsor MUFG
Website www.mufgetf.com/
Inception date Sep 16, 2025
Assets (mns) $23
Currency USD
Expense ratio 85 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 88
Wgt avg mkt cap (mns) $2,703
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HACHIJUNI BANK LTD/THE 2.2 %
SHIZUOKA FINANCIAL GROUP INC 2.1 %
INFRONEER HOLDINGS INC 2.0 %
GUNMA BANK LTD/THE 1.9 %
FUJI MACHINE MFG CO LTD 1.9 %
MACNICA FUJI ELECTRONICS HOLDINGS, 1.8 %
SAIZERIYA CO LTD 1.7 %
IYOGIN HOLDINGS INC 1.7 %
NAGASE & CO LTD 1.7 %
BUYSELL TECHNOLOGIES CO LTD 1.6 %
Total 18.6 %

TOP COUNTRY EXPOSURE
JAPAN 87.6 %
GERMANY 1.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.3% -- -- -- 23.8%

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

Technical Indicators
Recent close $61.41
30d moving avg. $61.20
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 177 potential alternatives to the MUFG Japan Small Cap Active ETF ETF based on the alternatives' overlap in portfolio holdings with MJSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MJSC Expense: 85 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MJSC
Ticker Fund
Name		 Overlap1
vs MJSC
(%)		 Expense
ratio
(bp)		 Savings
vs MJSC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MJSC
(%)
DFJ WisdomTree Japan SmallCap Dividend Fund 9.9 58 27 6.1 +1.5
FJP First Trust Japan AlphaDEX Fund 8.2 80 5 7.4 +2.8
FNDC Schwab Fundamental International Small Co. Index ETF 5.5 39 46 6.7 +2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.4 49 36 6.1 +1.5
AVDS Avantis International Small Cap Equity ETF 5.4 30 55 6.0 +1.4
SCZ iShares MSCI EAFE Small-Cap ETF 5.3 40 45 6.2 +1.6
JAPN Horizon Kinetics Japan Owner Operator ETF 4.5 85 0 5.5 +0.9
AVDV Avantis International Small Cap Value ETF 4.5 36 49 7.6 +3.0
DLS WisdomTree International SmallCap Dividend Fund 4.1 58 27 7.4 +2.8
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 37 5.1 +0.5
CGV Conductor Global Equity Value ETF 3.8 130 -45 7.9 +3.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 3.4 58 27 5.6 +1.0
FLJP Franklin FTSE Japan ETF 3.3 9 76 5.1 +0.6
DFIS Dimensional International Small Cap ETF 3.2 39 46 6.1 +1.6
FEOE First Eagle Overseas Equity ETF 3.2 79 6 6.2 +1.6
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 76 4.9 +0.4
JPXN iShares JPX-Nikkei 400 ETF 3.1 48 37 5.2 +0.6
DIM WisdomTree International MidCap Dividend Fund 2.9 58 27 6.4 +1.8
ISCF iShares International SmallCap Equity Factor ETF 2.7 23 62 7.3 +2.7
GWX SPDR S&P International Small Cap ETF 2.6 40 45 5.8 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.6 80 5 8.8 +4.2
ROBO ROBO Global Robotics & Automation Index ETF 2.4 95 -10 2.5 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.4 40 45 5.8 +1.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.4 80 5 6.9 +2.3
DWM WisdomTree International Equity Fund 2.4 48 37 5.7 +1.1
IBOT Vaneck Robotics ETF 2.2 47 38 3.3 -1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 61 7.0 +2.4
IPAC iShares Core MSCI Pacific ETF 2.2 9 76 5.3 +0.7
TBLU Tortoise Global Water ESG ETF 2.1 40 45 4.8 +0.2
PIO Invesco Global Water ETF 2.1 75 10 4.7 +0.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.1 49 36 4.6 +0.0
RAYJ Rayliant SMDAM Japan Equity ETF 2.1 72 13 3.2 -1.4
KNO AXS Knowledge Leaders ETF 1.9 78 7 4.0 -0.6
DFIC Dimensional International Core Equity 2 ETF 1.9 23 62 6.3 +1.7
WSML iShares MSCI World Small-Cap ETF 1.8 15 70 5.5 +0.9
DXIV Dimensional International Vector Equity ETF 1.8 34 51 6.6 +2.0
JIG JPMorgan International Growth ETF 1.8 55 30 3.6 -1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 1.8 37 48 7.1 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.7 39 46 6.3 +1.7
VPL Vanguard FTSE Pacific ETF 1.7 7 78 5.0 +0.4
AVDE Avantis International Equity ETF 1.7 23 62 6.2 +1.6
AVSD Avantis Responsible International Equity ETF 1.7 23 62 6.0 +1.4
FDEV Fidelity International Multifactor ETF 1.6 18 67 7.3 +2.7
AZTD Aztlan Global Stock Selection DM SMID ETF 1.6 75 10 4.5 -0.1
SCHC Schwab International Small-Cap Equity ETF 1.5 11 74 6.6 +2.0
DVYA iShares Asia/Pacific Dividend ETF 1.5 49 36 6.9 +2.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 46 8.4 +3.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.5 80 5 3.7 -0.9
ETEC iShares Breakthrough Environmental Solutions ETF 1.5 47 38 3.5 -1.1
CGW Invesco S&P Global Water Index ETF 1.5 57 28 4.8 +0.2
AQWA Global X Clean Water ETF 1.5 50 35 5.4 +0.8
EVX VanEck Environmental Services ETF 1.5 55 30 4.3 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 46 6.9 +2.4
PBD Invesco Global Clean Energy ETF 1.4 75 10 0.4 -4.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 56 7.1 +2.5
EFRA iShares Environmental Infrastructure and Industrials ETF 1.4 47 38 5.3 +0.7
DFSI Dimensional International Sustainability Core 1 ETF 1.3 24 61 5.7 +1.1
AVIV Avantis International Large Cap Value ETF 1.3 25 60 6.9 +2.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 8 77 6.4 +1.8
FYLD Cambria Foreign Shareholder Yield ETF 1.3 59 26 9.9 +5.3
OAIM OneAscent International Equity ETF 1.2 95 -10 4.4 -0.2
INTF iShares International Equity Factor ETF 1.2 15 70 6.5 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 55 6.4 +1.8
IDLV Invesco S&P International Developed Low Volatility ETF 1.1 25 60 6.5 +1.9
HART IQ Healthy Hearts ETF 1.1 45 40 6.0 +1.4
WWJD Inspire International ETF 1.0 80 5 6.4 +1.8
FPXI First Trust International Equity Opportunities ETF 1.0 70 15 4.3 -0.3
DFAI Dimensional International Core Equity Market ETF 1.0 18 67 6.1 +1.5
IPKW Invesco International BuyBack Achievers ETF 1.0 55 30 8.0 +3.5
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.5 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 27 5.4 +0.8
FBOT Fidelity Disruptive Automation ETF 0.9 50 35 2.9 -1.7
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 17 3.6 -1.0
IDRV iShares Self-driving EV & Tech ETF 0.9 47 38 1.7 -2.9
DISV Dimensional International Small Cap Value ETF 0.8 42 43 7.9 +3.3
IEFA iShares Core MSCI EAFE ETF 0.8 7 78 6.1 +1.5
DWX SPDR S&P International Dividend ETF 0.8 45 40 6.9 +2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 30 6.2 +1.7
DFIV Dimensional International Value ETF 0.8 27 58 7.7 +3.1
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 40 7.9 +3.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 43 5.9 +1.3
IBUY Amplify Online Retail ETF 0.8 65 20 2.4 -2.2
ARVR First Trust Indxx Metaverse ETF 0.8 70 15 3.6 -1.0
HERO Global X Video Games & Esports ETF 0.8 50 35 5.8 +1.2
NERD Roundhill Video Games ETF 0.8 50 35 7.6 +3.0
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 81 6.0 +1.4
MOTG VanEck Morningstar Global Wide Moat ETF 0.7 52 33 8.1 +3.5
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 60 5.1 +0.5
UFO Procure Space ETF 0.7 75 10 0.1 -4.5
CRAK VanEck Oil Refiners ETF 0.7 61 24 7.1 +2.5
GLOF iShares Global Equity Factor ETF 0.7 20 65 5.5 +0.9
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 75 6.1 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 40 6.8 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 82 5.8 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 5.9 +1.3
IBAT iShares Energy Storage & Materials ETF 0.7 47 38 1.7 -2.9
SOCL Global X Social Media ETF 0.7 65 20 14.1 +9.5
CHAT Roundhill Generative AI & Technology ETF 0.6 75 10 4.2 -0.4
QINT American Century Quality Diversified International ETF 0.6 39 46 6.6 +2.0
DIHP Dimensional International High Profitability ETF 0.6 29 56 5.9 +1.3
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 27 7.1 +2.5
DTH WisdomTree International High Dividend Fund 0.6 58 27 7.3 +2.7
FRNW Fidelity Clean Energy ETF 0.6 39 46 2.2 -2.4
TAN Invesco Solar ETF 0.6 67 18 6.0 +1.5
BULD Pacer BlueStar Engineering the Future ETF 0.6 60 25 0.2 -4.4
HUMN Roundhill Humanoid Robotics ETF 0.6 75 10 1.6 -3.0
IFGL iShares International Developed Real Estate ETF 0.6 48 37 8.1 +3.5
MOO VanEck Agribusiness ETF 0.6 53 32 9.0 +4.4
JIVE JPMorgan International Value ETF 0.6 55 30 8.0 +3.4
VSGX Vanguard ESG International Stock ETF 0.5 10 75 6.5 +2.0
FDHT Fidelity Digital Health ETF 0.5 39 46 1.8 -2.8
SCHF Schwab International Equity ETF 0.5 6 79 5.9 +1.3
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 78 6.6 +2.0
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.8 +2.2
RNRG Global X Renewable Energy Producers ETF 0.5 66 19 5.2 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 5.3 +0.7
BLES Inspire Global Hope ETF 0.5 61 24 5.9 +1.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 60 5.5 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 5.9 +1.3
VXUS Vanguard Total International Stock ETF 0.5 5 80 6.6 +2.0
FPAG FPA Global Equity ETF 0.5 49 36 5.7 +1.1
STCE Schwab Crypto Thematic ETF 0.5 30 55 2.6 -2.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 9.2 +4.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 76 6.6 +2.0
BKIE BNY Mellon International Equity ETF 0.5 4 81 18.0 +13.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 73 9.1 +4.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.4 40 45 7.5 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 81 6.7 +2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 5.6 +1.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 27 3.7 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 60 7.3 +2.7
FEGE First Eagle Global Equity ETF 0.4 79 6 6.1 +1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 46 8.4 +3.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 54 5.5 +0.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.4 +1.8
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 56 5.1 +0.5
IQSI IQ Candriam International Equity ETF 0.3 15 70 5.6 +1.0
WRND IQ Global Equity R&D Leaders ETF 0.3 18 67 4.0 -0.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 38 4.5 -0.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 7.9 +3.3
MXI iShares Global Materials ETF 0.3 41 44 6.2 +1.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.2 68 17 1.8 -2.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 60 5.2 +0.6
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -4 4.4 -0.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.2 +1.7
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 7.3 +2.7
OCEN IQ Clean Oceans ETF 0.2 45 40 4.7 +0.1
VT Vanguard Total World Stock ETF 0.2 6 79 5.0 +0.4
HEWJ iShares Currency Hedged MSCI Japan ETF 0.2 50 35 5.2 +0.6
EWJ iShares MSCI Japan ETF 0.2 50 35 4.6 +0.0
GINN Goldman Sachs Innovate Equity ETF 0.1 52 33 3.7 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.3 +0.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 30 4.7 +0.1
INEQ Columbia International Equity Income ETF 0.1 45 40 7.9 +3.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 4.7 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 5.8 +1.2
EFG iShares MSCI EAFE Growth ETF 0.1 36 49 3.9 -0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 73 4.8 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 4.9 +0.3
DEW WisdomTree Global High Dividend Fund 0.1 58 27 7.3 +2.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 5.2 +0.6
IGPT Invesco AI and Next Gen Software ETF 0.1 60 25 2.3 -2.3
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.5 +0.9
FENI Fidelity Enhanced International ETF 0.1 28 57 5.8 +1.2
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.4 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 60 6.2 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 65 5.7 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 65 5.6 +1.0
ERTH Invesco MSCI Sustainable Future ETF 0.0 62 23 3.6 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 43 4.0 -0.6
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 50 5.7 +1.1
EFA iShares MSCI EAFE ETF 0.0 35 50 5.8 +1.2
XT iShares Exponential Technologies ETF 0.0 46 39 3.9 -0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 55 6.1 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 6.3 +1.8
URTH iShares MSCI World ETF 0.0 24 61 4.3 -0.3
ACWI iShares MSCI ACWI ETF 0.0 32 53 4.7 +0.1

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:		 MUFG Japan Small Cap Active 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 8.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 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.