MUFG Japan Small Cap Active ETF
ALTAR
Score™		 4.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.8x 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) $26
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 89
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
MEIKO ELECTRONICS CO LTD 2.5 %
FUJI MACHINE MFG CO LTD 2.4 %
TAIYO YUDEN CO LTD 2.2 %
MICRONICS JAPAN CO LTD 2.0 %
TOKYO OHKA KOGYO CO LTD 1.9 %
HACHIJUNI BANK LTD/THE 1.9 %
MACNICA FUJI ELECTRONICS HOLDINGS, 1.8 %
MUSASHI SEIMITSU INDUSTRY CO 1.8 %
BUYSELL TECHNOLOGIES CO LTD 1.7 %
INFRONEER HOLDINGS INC 1.6 %
Total 19.9 %

TOP COUNTRY EXPOSURE
JAPAN 90.4 %
GERMANY 1.5 %









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.
25.9% -- -- -- 26.4%

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

Technical Indicators
Recent close $62.86
30d moving avg. $61.26
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.2%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 167 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™: 4.4%


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 9.1 58 27 6.5 +2.1
FJP First Trust Japan AlphaDEX Fund 8.3 80 5 7.3 +2.9
SCZ iShares MSCI EAFE Small-Cap ETF 5.8 40 45 6.2 +1.8
IMOM Alpha Architect International Quantitative Momentum ETF 5.5 49 36 4.2 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 4.8 39 46 6.8 +2.4
AVDV Avantis International Small Cap Value ETF 4.7 36 49 7.9 +3.5
AVDS Avantis International Small Cap Equity ETF 4.7 30 55 6.1 +1.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.6 49 36 6.1 +1.7
CGV Conductor Global Equity Value ETF 4.4 130 -45 7.9 +3.5
JAPN Horizon Kinetics Japan Owner Operator ETF 4.3 85 0 6.1 +1.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 4.1 68 17 0.6 -3.8
DXJ WisdomTree Japan Hedged Equity Fund 3.6 48 37 5.1 +0.7
DLS WisdomTree International SmallCap Dividend Fund 3.5 58 27 7.6 +3.2
DFIS Dimensional International Small Cap ETF 3.5 39 46 6.3 +1.9
RAYJ Rayliant SMDAM Japan Equity ETF 3.4 72 13 2.9 -1.5
IBOT Vaneck Robotics ETF 3.1 47 38 3.1 -1.3
JPXN iShares JPX-Nikkei 400 ETF 3.1 48 37 5.3 +0.9
FLJP Franklin FTSE Japan ETF 3.1 9 76 5.3 +0.9
FLJH Franklin FTSE Japan Hedged ETF 3.1 9 76 4.9 +0.5
DIM WisdomTree International MidCap Dividend Fund 2.8 58 27 6.4 +2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.7 80 5 9.5 +5.1
FEOE First Eagle Overseas Equity ETF 2.7 79 6 6.2 +1.8
GWX SPDR S&P International Small Cap ETF 2.7 40 45 6.0 +1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.7 80 5 6.8 +2.4
IPAC iShares Core MSCI Pacific ETF 2.4 9 76 5.5 +1.1
ISCF iShares International SmallCap Equity Factor ETF 2.4 23 62 7.4 +3.0
FYLD Cambria Foreign Shareholder Yield ETF 2.3 59 26 10.7 +6.3
PIO Invesco Global Water ETF 2.3 75 10 4.3 -0.1
TBLU Tortoise Global Water ESG ETF 2.3 40 45 4.5 +0.1
AZTD Aztlan Global Stock Selection DM SMID ETF 2.3 75 10 4.0 -0.4
KNO AXS Knowledge Leaders ETF 2.3 78 7 3.9 -0.5
ROBO ROBO Global Robotics & Automation Index ETF 2.3 95 -10 2.2 -2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.2 40 45 5.7 +1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 61 7.0 +2.6
DFIC Dimensional International Core Equity 2 ETF 2.2 23 62 6.3 +1.9
DWM WisdomTree International Equity Fund 2.1 48 37 5.6 +1.3
JIVE JPMorgan International Value ETF 2.1 55 30 8.4 +4.0
WSML iShares MSCI World Small-Cap ETF 2.0 15 70 5.2 +0.8
DXIV Dimensional International Vector Equity ETF 2.0 34 51 6.7 +2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 2.0 37 48 7.3 +2.9
VPL Vanguard FTSE Pacific ETF 1.9 7 78 5.1 +0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.8 58 27 5.4 +1.0
JIG JPMorgan International Growth ETF 1.7 55 30 3.5 -0.9
SCHC Schwab International Small-Cap Equity ETF 1.7 11 74 6.7 +2.3
EVX VanEck Environmental Services ETF 1.6 55 30 3.9 -0.5
AQWA Global X Clean Water ETF 1.6 50 35 4.9 +0.5
ETEC iShares Breakthrough Environmental Solutions ETF 1.6 47 38 2.7 -1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.6 39 46 6.3 +1.9
UFO Procure Space ETF 1.6 75 10 -0.0 -4.4
EFRA iShares Environmental Infrastructure and Industrials ETF 1.6 47 38 4.9 +0.5
AVDE Avantis International Equity ETF 1.6 23 62 6.3 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 1.5 24 61 5.6 +1.3
PBD Invesco Global Clean Energy ETF 1.5 75 10 0.3 -4.1
FDEV Fidelity International Multifactor ETF 1.5 18 67 7.4 +3.0
AVSD Avantis Responsible International Equity ETF 1.5 23 62 5.9 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 56 7.1 +2.8
CCNR ALPS CoreCommodity Natural Resources ETF 1.4 39 46 8.8 +4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.4 8 77 6.4 +2.0
INTF iShares International Equity Factor ETF 1.4 15 70 6.6 +2.2
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 60 6.5 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 55 6.4 +2.0
DVYA iShares Asia/Pacific Dividend ETF 1.3 49 36 7.3 +2.9
CGW Invesco S&P Global Water Index ETF 1.3 57 28 4.4 +0.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.2 68 17 3.0 -1.4
IDRV iShares Self-driving EV & Tech ETF 1.2 47 38 1.4 -3.0
IBAT iShares Energy Storage & Materials ETF 1.2 47 38 1.5 -2.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 46 7.1 +2.7
DWX SPDR S&P International Dividend ETF 1.2 45 40 6.9 +2.5
DFAI Dimensional International Core Equity Market ETF 1.2 18 67 6.1 +1.7
DISV Dimensional International Small Cap Value ETF 1.1 42 43 8.4 +4.0
AVIV Avantis International Large Cap Value ETF 1.1 25 60 7.1 +2.7
JHID John Hancock International High Dividend ETF 1.1 46 39 8.1 +3.7
HART IQ Healthy Hearts ETF 1.0 45 40 5.9 +1.5
WWJD Inspire International ETF 1.0 80 5 6.5 +2.1
IPKW Invesco International BuyBack Achievers ETF 0.9 55 30 8.4 +4.0
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.5 +0.1
IEFA iShares Core MSCI EAFE ETF 0.9 7 78 6.1 +1.7
FBOT Fidelity Disruptive Automation ETF 0.9 50 35 2.8 -1.6
SOCL Global X Social Media ETF 0.9 65 20 12.9 +8.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 46 8.7 +4.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 27 5.2 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 82 5.8 +1.4
IDEV iShares Core MSCI International Developed Markets ETF 0.8 4 81 6.0 +1.6
DFIV Dimensional International Value ETF 0.8 27 58 8.0 +3.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 30 5.9 +1.6
HUMN Roundhill Humanoid Robotics ETF 0.8 75 10 1.1 -3.3
DIHP Dimensional International High Profitability ETF 0.8 29 56 5.8 +1.4
GLOF iShares Global Equity Factor ETF 0.8 20 65 5.6 +1.2
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 75 6.1 +1.7
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 5.9 +1.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.7 42 43 5.7 +1.3
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 27 6.2 +1.8
IBUY Amplify Online Retail ETF 0.7 65 20 2.2 -2.2
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 36 8.0 +3.6
MOO VanEck Agribusiness ETF 0.7 53 32 9.2 +4.8
ARVR First Trust Indxx Metaverse ETF 0.7 70 15 3.5 -0.9
ESPO VanEck Video Gaming and eSports ETF 0.7 56 29 6.6 +2.2
HERO Global X Video Games & Esports ETF 0.7 50 35 6.0 +1.7
NERD Roundhill Video Games ETF 0.7 50 35 7.9 +3.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.7 60 25 4.6 +0.2
VSGX Vanguard ESG International Stock ETF 0.6 10 75 6.5 +2.1
SCHF Schwab International Equity ETF 0.6 6 79 5.9 +1.5
TAN Invesco Solar ETF 0.6 67 18 4.3 -0.1
FRNW Fidelity Clean Energy ETF 0.6 39 46 1.9 -2.5
CRAK VanEck Oil Refiners ETF 0.6 61 24 9.6 +5.2
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 6.5 +2.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 76 6.6 +2.2
IFGL iShares International Developed Real Estate ETF 0.6 48 37 7.5 +3.1
VXUS Vanguard Total International Stock ETF 0.5 5 80 6.6 +2.2
RNRG Global X Renewable Energy Producers ETF 0.5 66 19 4.6 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 60 7.5 +3.1
GQRE FlexShares Global Quality Real Estate Index Fund 0.5 45 40 7.3 +2.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 5.2 +0.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 60 5.4 +1.1
FDHT Fidelity Digital Health ETF 0.5 39 46 1.7 -2.7
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.8 +2.4
BLES Inspire Global Hope ETF 0.5 61 24 5.8 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 40 6.8 +2.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 45 7.7 +3.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 8.6 +4.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 81 6.6 +2.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 5.8 +1.5
FPAG FPA Global Equity ETF 0.5 49 36 5.7 +1.4
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 25 0.2 -4.2
DTH WisdomTree International High Dividend Fund 0.4 58 27 7.6 +3.2
STCE Schwab Crypto Thematic ETF 0.4 30 55 2.5 -1.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 73 8.6 +4.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 5.5 +1.1
BKIE BNY Mellon International Equity ETF 0.4 4 81 6.0 +1.6
QINT American Century Quality Diversified International ETF 0.4 39 46 6.6 +2.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 27 3.4 -1.0
OCEN IQ Clean Oceans ETF 0.3 45 40 4.6 +0.2
IQSI IQ Candriam International Equity ETF 0.3 15 70 5.5 +1.2
FEGE First Eagle Global Equity ETF 0.3 79 6 6.1 +1.7
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 8.1 +3.7
EWJ iShares MSCI Japan ETF 0.3 50 35 4.8 +0.4
HEWJ iShares Currency Hedged MSCI Japan ETF 0.3 50 35 5.1 +0.7
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -4 4.2 -0.2
WRND IQ Global Equity R&D Leaders ETF 0.3 18 67 4.0 -0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.3 +1.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.2 68 17 2.2 -2.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.2 +1.8
CZAR Themes Natural Monopoly ETF 0.2 35 50 5.5 +1.1
VT Vanguard Total World Stock ETF 0.2 6 79 5.0 +0.6
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 6.8 +2.4
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 56 5.0 +0.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 4.6 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 73 4.8 +0.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 49 3.7 -0.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 30 4.1 -0.3
INEQ Columbia International Equity Income ETF 0.1 45 40 8.1 +3.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 5.8 +1.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.5 +1.1
DEW WisdomTree Global High Dividend Fund 0.1 58 27 7.3 +2.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 65 5.6 +1.2
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.5 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 4.8 +0.4
EFA iShares MSCI EAFE ETF 0.1 35 50 5.7 +1.4
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 50 5.6 +1.2
XT iShares Exponential Technologies ETF 0.1 46 39 3.8 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 55 6.2 +1.8
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 23 3.2 -1.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 43 4.0 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 6.3 +1.9
IGPT Invesco AI and Next Gen Software ETF 0.0 60 25 2.1 -2.3
URTH iShares MSCI World ETF 0.0 24 61 4.3 -0.1
ACWI iShares MSCI ACWI ETF 0.0 32 53 4.6 +0.2

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:

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 8.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 4.4 %
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.