MUFG Japan Small Cap Active ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 AVOID
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) $22
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) $2,753
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
SHIZUOKA FINANCIAL GROUP INC 2.3 %
TOKYO TATEMONO CO LTD 2.2 %
KANDENKO CO LTD 2.1 %
HACHIJUNI BANK LTD/THE 2.0 %
INFRONEER HOLDINGS INC 1.9 %
SAIZERIYA CO LTD 1.9 %
IYOGIN HOLDINGS INC 1.9 %
GUNMA BANK LTD/THE 1.8 %
SOJITZ CORP 1.8 %
PENTA-OCEAN CONSTRUCTION CO 1.7 %
Total 19.6 %

TOP COUNTRY EXPOSURE
JAPAN 90.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.3% -- -- -- 6.7%

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

Technical Indicators
Recent close $58.67
30d moving avg. $52.12
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 173 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™: 4.5%


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
(%)
FJP First Trust Japan AlphaDEX Fund 9.5 80 5 6.2 +1.6
JIVE JPMorgan International Value ETF 9.3 55 30 8.9 +4.4
DFJ WisdomTree Japan SmallCap Dividend Fund 8.2 58 27 5.8 +1.2
IMOM Alpha Architect International Quantitative Momentum ETF 7.0 49 36 3.7 -0.9
SCZ iShares MSCI EAFE Small-Cap ETF 5.3 40 45 5.9 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 4.6 39 46 4.9 +0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.5 49 36 5.7 +1.2
CGV Conductor Global Equity Value ETF 4.4 130 -45 6.4 +1.8
AVDV Avantis International Small Cap Value ETF 4.2 36 49 7.0 +2.5
RAYJ Rayliant SMDAM Japan Equity ETF 4.0 72 13 2.9 -1.6
AVDS Avantis International Small Cap Equity ETF 3.9 30 55 5.6 +1.0
JAPN Horizon Kinetics Japan Owner Operator ETF 3.5 85 0 5.3 +0.7
DFIS Dimensional International Small Cap ETF 3.3 39 46 5.8 +1.3
DXJ WisdomTree Japan Hedged Equity Fund 3.3 48 37 5.3 +0.7
FLJP Franklin FTSE Japan ETF 3.2 9 76 4.9 +0.4
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 76 5.1 +0.5
JPXN iShares JPX-Nikkei 400 ETF 3.2 48 37 5.1 +0.6
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 27 6.8 +2.2
DIM WisdomTree International MidCap Dividend Fund 2.8 58 27 6.0 +1.5
PIO Invesco Global Water ETF 2.5 75 10 3.7 -0.8
TBLU Tortoise Global Water ESG ETF 2.4 40 45 4.0 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.3 24 61 5.9 +1.4
IPAC iShares Core MSCI Pacific ETF 2.3 9 76 5.2 +0.7
IBOT Vaneck Robotics ETF 2.2 47 38 3.1 -1.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 5 6.6 +2.0
GWX SPDR S&P International Small Cap ETF 2.1 40 45 5.5 +1.0
FEOE First Eagle Overseas Equity ETF 2.1 79 6 5.5 +1.0
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 62 7.0 +2.5
DWM WisdomTree International Equity Fund 2.0 48 37 6.0 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.9 40 45 6.2 +1.6
AZTD Aztlan Global Stock Selection DM SMID ETF 1.9 75 10 5.2 +0.6
DFIC Dimensional International Core Equity 2 ETF 1.9 23 62 6.0 +1.4
KNO AXS Knowledge Leaders ETF 1.9 78 7 4.7 +0.2
FYLD Cambria Foreign Shareholder Yield ETF 1.9 59 26 9.3 +4.8
VPL Vanguard FTSE Pacific ETF 1.9 7 78 5.2 +0.6
ROBO ROBO Global Robotics & Automation Index ETF 1.9 95 -10 2.5 -2.0
DXIV Dimensional International Vector Equity ETF 1.8 34 51 6.2 +1.7
EVX VanEck Environmental Services ETF 1.7 55 30 2.1 -2.4
AQWA Global X Clean Water ETF 1.7 50 35 4.3 -0.3
ETEC iShares Breakthrough Environmental Solutions ETF 1.7 47 38 2.8 -1.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.7 80 5 8.2 +3.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 46 6.7 +2.1
UFO Procure Space ETF 1.5 75 10 0.1 -4.5
DISV Dimensional International Small Cap Value ETF 1.4 42 43 7.3 +2.8
JIG JPMorgan International Growth ETF 1.4 55 30 3.8 -0.7
AVDE Avantis International Equity ETF 1.4 23 62 6.0 +1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 48 6.7 +2.2
AVSD Avantis Responsible International Equity ETF 1.4 23 62 4.4 -0.1
DFSI Dimensional International Sustainability Core 1 ETF 1.4 24 61 5.3 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 60 5.8 +1.3
DWX SPDR S&P International Dividend ETF 1.4 45 40 6.2 +1.7
SCHC Schwab International Small-Cap Equity ETF 1.3 11 74 6.3 +1.8
CGW Invesco S&P Global Water Index ETF 1.3 57 28 4.0 -0.5
PBD Invesco Global Clean Energy ETF 1.3 75 10 0.6 -4.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 56 6.4 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 46 5.4 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 55 6.2 +1.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 40 1.6 -2.9
INTF iShares International Equity Factor ETF 1.1 15 70 6.2 +1.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 8 77 6.2 +1.6
HART IQ Healthy Hearts ETF 1.0 45 40 5.4 +0.9
DFAI Dimensional International Core Equity Market ETF 1.0 18 67 5.7 +1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 46 6.4 +1.9
IBAT iShares Energy Storage & Materials ETF 1.0 47 38 2.2 -2.4
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.0 -0.5
IBUY Amplify Online Retail ETF 0.9 65 20 1.7 -2.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 30 5.4 +0.9
JHID John Hancock International High Dividend ETF 0.9 46 39 7.8 +3.3
AVIV Avantis International Large Cap Value ETF 0.9 25 60 6.9 +2.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 17 4.0 -0.5
IDRV iShares Self-driving EV & Tech ETF 0.9 47 38 3.0 -1.5
FBOT Fidelity Disruptive Automation ETF 0.9 50 35 2.7 -1.8
CRAK VanEck Oil Refiners ETF 0.9 61 24 9.8 +5.2
IEFA iShares Core MSCI EAFE ETF 0.9 7 78 5.8 +1.3
DIHP Dimensional International High Profitability ETF 0.8 29 56 5.5 +1.0
MOO VanEck Agribusiness ETF 0.8 53 32 8.6 +4.0
FDEV Fidelity International Multifactor ETF 0.8 18 67 6.3 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 81 5.8 +1.3
ARVR First Trust Indxx Metaverse ETF 0.7 70 15 3.8 -0.7
ESPO VanEck Video Gaming and eSports ETF 0.7 56 29 5.6 +1.1
HERO Global X Video Games & Esports ETF 0.7 50 35 4.8 +0.2
NERD Roundhill Video Games ETF 0.7 50 35 7.1 +2.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.7 60 25 3.5 -1.0
IPKW Invesco International BuyBack Achievers ETF 0.7 55 30 7.6 +3.1
GLOF iShares Global Equity Factor ETF 0.7 20 65 5.9 +1.3
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 36 8.0 +3.5
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 27 5.4 +0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 27 5.9 +1.3
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 5.8 +1.2
DFIV Dimensional International Value ETF 0.7 27 58 7.5 +3.0
FDHT Fidelity Digital Health ETF 0.7 39 46 1.3 -3.2
NUKZ Range Nuclear Renaissance Index ETF 0.6 85 0 0.9 -3.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 82 5.7 +1.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 76 6.6 +2.0
SCHF Schwab International Equity ETF 0.6 6 79 5.9 +1.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.6 42 43 5.8 +1.3
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 75 5.6 +1.1
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 6.4 +1.9
IFGL iShares International Developed Real Estate ETF 0.6 48 37 6.1 +1.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 40 7.1 +2.5
SOCL Global X Social Media ETF 0.6 65 20 10.7 +6.2
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.0 +1.4
VSGX Vanguard ESG International Stock ETF 0.5 10 75 6.4 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 40 6.8 +2.3
STCE Schwab Crypto Thematic ETF 0.5 30 55 4.0 -0.6
VXUS Vanguard Total International Stock ETF 0.5 5 80 6.5 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 60 7.5 +2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 46 8.1 +3.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 4.6 +0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 6.0 +1.4
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 45 8.6 +4.0
FPAG FPA Global Equity ETF 0.5 49 36 4.9 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 66 5.2 +0.7
FPXI First Trust International Equity Opportunities ETF 0.5 70 15 3.3 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.5 12 73 7.5 +2.9
HUMN Roundhill Humanoid Robotics ETF 0.5 75 10 0.9 -3.7
DTH WisdomTree International High Dividend Fund 0.5 58 27 6.9 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 5.6 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 81 6.5 +2.0
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 25 0.2 -4.3
TAN Invesco Solar ETF 0.4 67 18 4.4 -0.1
FRNW Fidelity Clean Energy ETF 0.4 39 46 2.0 -2.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.4 68 17 1.8 -2.7
BKIE BNY Mellon International Equity ETF 0.4 4 81 5.7 +1.2
RNRG Global X Renewable Energy Producers ETF 0.4 66 19 4.6 +0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 5.7 +1.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 27 5.1 +0.6
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 61 6.0 +1.4
FEGE First Eagle Global Equity ETF 0.4 79 6 5.3 +0.8
IQSI IQ Candriam International Equity ETF 0.4 15 70 5.3 +0.8
OCEN IQ Clean Oceans ETF 0.3 45 40 5.1 +0.5
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 7.6 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.2 +1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 27 3.4 -1.1
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 6.5 +2.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.1 +1.6
CZAR Themes Natural Monopoly ETF 0.2 35 50 5.0 +0.5
EWJV iShares MSCI Japan Value ETF 0.2 15 70 6.5 +1.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.2 47 38 4.6 +0.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 30 3.8 -0.8
EWJ iShares MSCI Japan ETF 0.2 50 35 4.7 +0.1
VT Vanguard Total World Stock ETF 0.2 6 79 5.1 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 60 5.1 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 56 5.1 +0.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -4 4.2 -0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 60 5.4 +0.8
QINT American Century Quality Diversified International ETF 0.1 39 46 5.9 +1.3
INEQ Columbia International Equity Income ETF 0.1 45 40 6.9 +2.4
WRND IQ Global Equity R&D Leaders ETF 0.1 18 67 6.6 +2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.3 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 43 4.7 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 5.5 +0.9
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 55 8.1 +3.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.2 +0.6
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.9 +0.4
DEW WisdomTree Global High Dividend Fund 0.1 58 27 7.0 +2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 4.8 +0.3
EFV iShares MSCI EAFE Value ETF 0.1 34 51 7.2 +2.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 4.6 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 5.7 +1.1
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 23 3.0 -1.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 65 5.2 +0.7
EFA iShares MSCI EAFE ETF 0.0 35 50 5.5 +1.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 55 5.7 +1.2
EFG iShares MSCI EAFE Growth ETF 0.0 36 49 3.6 -1.0
IGPT Invesco AI and Next Gen Software ETF 0.0 60 25 3.3 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 44 6.2 +1.7
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 20 3.7 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 6.2 +1.6
XT iShares Exponential Technologies ETF 0.0 46 39 4.2 -0.3
ACWI iShares MSCI ACWI ETF 0.0 32 53 4.7 +0.2
URTH iShares MSCI World ETF 0.0 24 61 4.4 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 55 5.0 +0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

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 9.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.