MUFG Japan Small Cap Active ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 18.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 2.4%


  • 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) $21
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 87
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
KANDENKO CO LTD 2.0 %
MEIKO ELECTRONICS CO LTD 2.0 %
JAPAN STEEL WORKS LTD 1.9 %
TOKYO TATEMONO CO LTD 1.9 %
FUJI MACHINE MFG CO LTD 1.9 %
KYOTO FINANCIAL GROUP INC 1.9 %
SAIZERIYA CO LTD 1.8 %
HACHIJUNI BANK LTD/THE 1.8 %
SHIZUOKA FINANCIAL GROUP INC 1.7 %
SKY PERFECT JSAT HOLDINGS 1.7 %
Total 18.6 %

TOP COUNTRY EXPOSURE
JAPAN 91.2 %
GERMANY 1.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
21.3% -- -- -- 21.8%

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

Technical Indicators
Recent close $56.00
30d moving avg. $56.65
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 175 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™: 5.0%


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 9.3 80 5 7.4 +2.5
JIVE JPMorgan International Value ETF 8.5 55 30 8.7 +3.7
DFJ WisdomTree Japan SmallCap Dividend Fund 8.2 58 27 6.7 +1.7
SCZ iShares MSCI EAFE Small-Cap ETF 5.7 40 45 6.4 +1.4
FNDC Schwab Fundamental International Small Co. Index ETF 4.7 39 46 7.0 +2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.5 49 36 6.2 +1.2
CGV Conductor Global Equity Value ETF 4.3 130 -45 7.6 +2.7
AVDV Avantis International Small Cap Value ETF 4.3 36 49 8.0 +3.0
IMOM Alpha Architect International Quantitative Momentum ETF 4.2 49 36 4.4 -0.6
AVDS Avantis International Small Cap Equity ETF 4.1 30 55 6.2 +1.2
RAYJ Rayliant SMDAM Japan Equity ETF 4.0 72 13 3.4 -1.6
JAPN Horizon Kinetics Japan Owner Operator ETF 3.8 85 0 5.8 +0.9
DFIS Dimensional International Small Cap ETF 3.6 39 46 6.4 +1.4
DXJ WisdomTree Japan Hedged Equity Fund 3.4 48 37 5.5 +0.5
JPXN iShares JPX-Nikkei 400 ETF 3.3 48 37 5.6 +0.7
FLJP Franklin FTSE Japan ETF 3.2 9 76 5.6 +0.6
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 76 5.4 +0.4
DLS WisdomTree International SmallCap Dividend Fund 3.2 58 27 7.6 +2.6
DIM WisdomTree International MidCap Dividend Fund 2.8 58 27 6.4 +1.4
IBOT Vaneck Robotics ETF 2.7 47 38 3.8 -1.2
IPAC iShares Core MSCI Pacific ETF 2.5 9 76 5.7 +0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.4 80 5 9.2 +4.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.4 24 61 7.0 +2.0
FYLD Cambria Foreign Shareholder Yield ETF 2.4 59 26 10.3 +5.4
PIO Invesco Global Water ETF 2.3 75 10 4.3 -0.6
TBLU Tortoise Global Water ESG ETF 2.3 40 45 4.4 -0.5
ISCF iShares International SmallCap Equity Factor ETF 2.3 23 62 7.4 +2.5
GWX SPDR S&P International Small Cap ETF 2.3 40 45 6.0 +1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 5 7.1 +2.1
ROBO ROBO Global Robotics & Automation Index ETF 2.1 95 -10 2.8 -2.1
WSML iShares MSCI World Small-Cap ETF 2.1 15 70 5.7 +0.8
DFIC Dimensional International Core Equity 2 ETF 2.1 23 62 6.4 +1.4
FEOE First Eagle Overseas Equity ETF 2.1 79 6 6.3 +1.4
VPL Vanguard FTSE Pacific ETF 2.0 7 78 5.7 +0.8
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 10 4.4 -0.6
DWM WisdomTree International Equity Fund 2.0 48 37 5.8 +0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.9 40 45 5.8 +0.8
DXIV Dimensional International Vector Equity ETF 1.9 34 51 6.7 +1.8
KNO AXS Knowledge Leaders ETF 1.9 78 7 4.7 -0.3
UFO Procure Space ETF 1.7 75 10 0.0 -4.9
EVX VanEck Environmental Services ETF 1.6 55 30 4.0 -1.0
AQWA Global X Clean Water ETF 1.6 50 35 4.8 -0.2
ETEC iShares Breakthrough Environmental Solutions ETF 1.6 47 38 2.9 -2.0
DISV Dimensional International Small Cap Value ETF 1.6 42 43 8.4 +3.4
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 46 8.0 +3.0
DFSI Dimensional International Sustainability Core 1 ETF 1.4 24 61 5.8 +0.8
AVDE Avantis International Equity ETF 1.4 23 62 6.4 +1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 48 7.1 +2.2
AVSD Avantis Responsible International Equity ETF 1.4 23 62 6.2 +1.2
JIG JPMorgan International Growth ETF 1.4 55 30 3.9 -1.1
SCHC Schwab International Small-Cap Equity ETF 1.4 11 74 6.8 +1.8
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 60 6.3 +1.4
INTF iShares International Equity Factor ETF 1.4 15 70 6.6 +1.7
PBD Invesco Global Clean Energy ETF 1.3 75 10 0.3 -4.7
DWX SPDR S&P International Dividend ETF 1.3 45 40 6.8 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.3 39 46 6.3 +1.4
CGW Invesco S&P Global Water Index ETF 1.3 57 28 4.4 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 55 6.7 +1.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 56 7.1 +2.1
IBAT iShares Energy Storage & Materials ETF 1.1 47 38 2.0 -3.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 8 77 6.5 +1.6
DFAI Dimensional International Core Equity Market ETF 1.1 18 67 6.2 +1.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 40 -0.9 -5.9
DRIV Global X Autonomous & Electric Vehicles ETF 1.1 68 17 3.8 -1.2
IDRV iShares Self-driving EV & Tech ETF 1.1 47 38 1.3 -3.6
HART IQ Healthy Hearts ETF 1.0 45 40 5.7 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 46 7.2 +2.2
IBUY Amplify Online Retail ETF 1.0 65 20 2.4 -2.6
ARVR First Trust Indxx Metaverse ETF 1.0 70 15 4.5 -0.5
ESPO VanEck Video Gaming and eSports ETF 1.0 56 29 6.3 +1.4
HERO Global X Video Games & Esports ETF 1.0 50 35 5.7 +0.7
NERD Roundhill Video Games ETF 1.0 50 35 7.5 +2.5
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 25 4.7 -0.3
IEFA iShares Core MSCI EAFE ETF 0.9 7 78 6.2 +1.3
IPKW Invesco International BuyBack Achievers ETF 0.9 55 30 8.2 +3.2
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.5 -0.5
JHID John Hancock International High Dividend ETF 0.9 46 39 8.1 +3.1
AVIV Avantis International Large Cap Value ETF 0.9 25 60 7.1 +2.1
DIHP Dimensional International High Profitability ETF 0.8 29 56 5.9 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 0.8 4 81 6.2 +1.2
CRAK VanEck Oil Refiners ETF 0.8 61 24 9.1 +4.1
FBOT Fidelity Disruptive Automation ETF 0.8 50 35 3.3 -1.7
GLOF iShares Global Equity Factor ETF 0.8 20 65 6.0 +1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 46 8.4 +3.5
FDEV Fidelity International Multifactor ETF 0.8 18 67 7.2 +2.2
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 6.3 +1.3
MOO VanEck Agribusiness ETF 0.7 53 32 8.4 +3.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 82 6.2 +1.2
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 27 5.4 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 27 5.5 +0.6
DFIV Dimensional International Value ETF 0.7 27 58 8.0 +3.0
IFGL iShares International Developed Real Estate ETF 0.6 48 37 7.3 +2.3
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 6.9 +2.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.6 42 43 5.9 +0.9
SCHF Schwab International Equity ETF 0.6 6 79 6.3 +1.3
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 75 6.2 +1.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 76 6.8 +1.9
FDHT Fidelity Digital Health ETF 0.6 39 46 1.7 -3.3
SOCL Global X Social Media ETF 0.6 65 20 12.9 +7.9
VSGX Vanguard ESG International Stock ETF 0.6 10 75 7.1 +2.1
IGRO iShares International Dividend Growth ETF 0.6 15 70 6.9 +1.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 40 7.6 +2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 40 7.1 +2.2
VXUS Vanguard Total International Stock ETF 0.5 5 80 7.0 +2.0
HUMN Roundhill Humanoid Robotics ETF 0.5 75 10 1.5 -3.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 60 7.8 +2.8
STCE Schwab Crypto Thematic ETF 0.5 30 55 3.3 -1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 5.3 +0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 30 6.0 +1.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 8.4 +3.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 81 7.1 +2.1
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 45 7.5 +2.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.5 12 73 8.5 +3.6
BULD Pacer BlueStar Engineering the Future ETF 0.5 60 25 0.5 -4.5
FPAG FPA Global Equity ETF 0.5 49 36 6.2 +1.3
DTH WisdomTree International High Dividend Fund 0.5 58 27 7.4 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 6.1 +1.1
TAN Invesco Solar ETF 0.4 67 18 4.4 -0.6
FRNW Fidelity Clean Energy ETF 0.4 39 46 1.9 -3.0
RNRG Global X Renewable Energy Producers ETF 0.4 66 19 4.4 -0.6
BBJP JPMorgan BetaBuilders Japan ETF 0.4 19 66 5.5 +0.6
EWJ iShares MSCI Japan ETF 0.4 50 35 5.2 +0.2
BKIE BNY Mellon International Equity ETF 0.4 4 81 6.2 +1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 6.0 +1.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 27 5.7 +0.7
FEGE First Eagle Global Equity ETF 0.4 79 6 6.2 +1.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.4 68 17 2.5 -2.4
IQSI IQ Candriam International Equity ETF 0.4 15 70 5.8 +0.8
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 8.3 +3.3
OCEN IQ Clean Oceans ETF 0.3 45 40 4.5 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 27 3.8 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.7 +1.8
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 7.1 +2.1
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.3 +1.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 30 4.0 -1.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 65 6.0 +1.0
CZAR Themes Natural Monopoly ETF 0.2 35 50 5.5 +0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.2 47 38 4.9 -0.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 61 6.0 +1.1
NUKZ Range Nuclear Renaissance Index ETF 0.2 85 0 1.3 -3.6
FPXI First Trust International Equity Opportunities ETF 0.2 70 15 4.3 -0.7
EWJV iShares MSCI Japan Value ETF 0.2 15 70 7.1 +2.1
VT Vanguard Total World Stock ETF 0.2 6 79 5.4 +0.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 55 4.9 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 60 5.6 +0.7
EFG iShares MSCI EAFE Growth ETF 0.2 36 49 3.9 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 56 5.8 +0.8
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -4 4.9 -0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 60 5.9 +0.9
QINT American Century Quality Diversified International ETF 0.1 39 46 6.8 +1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 73 5.2 +0.3
FRGN Horizon International Equity ETF 0.1 75 10 8.6 +3.6
INEQ Columbia International Equity Income ETF 0.1 45 40 7.7 +2.7
WRND IQ Global Equity R&D Leaders ETF 0.1 18 67 4.4 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 65 5.8 +0.8
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 55 8.3 +3.4
EFA iShares MSCI EAFE ETF 0.1 35 50 5.9 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.6 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 43 4.5 -0.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.6 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 5.2 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 5.1 +0.2
DEW WisdomTree Global High Dividend Fund 0.1 58 27 7.4 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 51 6.7 +1.8
EFV iShares MSCI EAFE Value ETF 0.1 34 51 7.7 +2.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 55 6.1 +1.2
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 23 3.1 -1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 5.6 +0.6
IGPT Invesco AI and Next Gen Software ETF 0.0 60 25 3.8 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 44 6.4 +1.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 20 3.9 -1.1
URTH iShares MSCI World ETF 0.0 24 61 4.7 -0.3
ACWI iShares MSCI ACWI ETF 0.0 32 53 5.1 +0.1
XT iShares Exponential Technologies ETF 0.0 46 39 4.4 -0.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 55 5.3 +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
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 1.5 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 5.0 %
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.