Grayscale Bitcoin Miners ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 56.7x P/Sales
ratio		 4.4x
P/BV
ratio		 0.0x Div.
yield		 0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Grayscale Bitcoin Miners ETF seeks to provide investors with exposure to companies that generate revenue from the mining of Bitcoin, aiming for capital appreciation through investment in equity securities of those companies.

FUND BASICS
Category Global Equities
Fund Sponsor Grayscale
Website etfs.grayscale.com/mnrs
Inception date Jan 29, 2025
Assets (mns) $10
Currency USD
Expense ratio 59 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 23
Wgt avg mkt cap (mns) $5,371
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
IRIS ENERGY LTD. 17.1 %
BITMINE IMMERSION TECHNOLOGI 10.3 %
MARATHON DIGITAL HOLDINGS INC 7.6 %
TERAWULF INC. 6.3 %
CIPHER MINING INC 6.2 %
APPLIED BLOCKCHAIN INC 5.8 %
HUT 8 CORP 5.5 %
CLEANSPARK, INC. 5.2 %
CORE SCIENTIFIC, INC. 4.9 %
BITFARMS LTD. 4.5 %
Total 73.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.9 %
AUSTRALIA 14.5 %
CANADA 8.1 %
GERMANY 4.1 %
CHINA 3.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- -97.3%

Market Correlations
versus... Beta R-squared
S&P500 1.98 10%
MSCI EAFE 1.29 3%
MSCI Emg. Mkts. 1.45 4%

Technical Indicators
Recent close $30.03
30d moving avg. $33.56
Annualized volatility 0.0%
Short interest (ETF) 2.5%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.4%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 301 potential alternatives to the Grayscale Bitcoin Miners ETF ETF based on the alternatives' overlap in portfolio holdings with MNRS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MNRS Expense: 59 bp ALTAR Score™: 0.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MNRS
Ticker Fund
Name		 Overlap1
vs MNRS
(%)		 Expense
ratio
(bp)		 Savings
vs MNRS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MNRS
(%)
WGMI Valkyrie Bitcoin Miners ETF 72.8 75 -16 -4.5 -4.5
BKCH Global X Blockchain ETF 71.1 50 9 -3.1 -3.1
BITQ Bitwise Crypto Industry Innovators ETF 62.8 85 -26 -2.1 -2.1
DAPP VanEck Digital Transformation ETF 61.4 50 9 0.0 0.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 43.2 39 20 -0.8 -0.8
IBLC iShares Blockchain and Tech ETF 41.1 47 12 -1.6 -1.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 26.3 61 -2 -0.6 -0.6
BLOK Amplify Transformational Data Sharing ETF 22.6 75 -16 0.4 +0.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 21.4 65 -6 -1.2 -1.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 18.3 61 -2 2.0 +2.0
BWEB Bitwise Web3 ETF 17.5 85 -26 -0.1 -0.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 17.5 68 -9 6.1 +6.1
BCOR Grayscale Bitcoin Adopters ETF 15.1 59 0 2.3 +2.3
SPRX Spear Alpha ETF 12.9 75 -16 -0.3 -0.3
TCAI Tortoise AI Infrastructure ETF 10.6 65 -6 2.1 +2.1
TMAT Main Thematic Innovation ETF 9.8 164 -105 -1.5 -1.5
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 9.0 85 -26 -2.3 -2.3
FINX Global X FinTech ETF 8.3 68 -9 2.6 +2.6
STCE Schwab Crypto Thematic ETF 6.8 30 29 3.8 +3.8
PTF Invesco Dorsey Wright Technology Momentum ETF 6.5 60 -1 -1.1 -1.1
BUZZ VanEck Social Sentiment ETF 6.4 75 -16 -0.8 -0.8
XSW State Street SPDR S&P Software & Services ETF 6.4 35 24 2.4 +2.4
ARKF ARK Fintech Innovation ETF 5.8 75 -16 0.1 +0.1
DTCR Global X Data Center & Digital Infrastructure ETF 5.8 50 9 3.5 +3.5
HYP Golden Eagle Dynamic Hypergrowth ETF 5.5 85 -26 -1.2 -1.2
PSCT Invesco S&P SmallCap Information Technology ETF 5.1 29 30 4.4 +4.4
ARKW ARK Next Generation Internet ETF 5.0 87 -28 0.7 +0.7
ARKK ARK Innovation ETF 4.0 75 -16 -2.9 -2.9
REAI Intelligent Real Estate ETF 3.4 59 0 14.8 +14.8
IWC iShares Micro-Cap ETF 3.3 60 -1 -1.3 -1.3
RVER Trenchless Fund ETF 3.3 65 -6 2.5 +2.5
BPAY BlackRock Future Financial and Technology ETF 3.0 70 -11 5.8 +5.8
FDFF Fidelity Disruptive Finance ETF 3.0 50 9 4.0 +4.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.0 75 -16 4.8 +4.8
SPYA Twin Oak Endure ETF 3.0 80 -21 -0.5 -0.5
FYC First Trust Small Cap Growth AlphaDEX Fund 2.5 71 -12 -1.3 -1.3
YALL God Bless America ETF 2.5 65 -6 4.0 +4.0
GVIP Goldman Sachs Hedge Industry VIP ETF 2.5 45 14 2.7 +2.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 2.3 20 39 2.8 +2.8
MILN Global X Millennial Consumer ETF 2.2 50 9 3.5 +3.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.0 35 24 3.2 +3.2
FDG American Century Focused Dynamic Growth ETF 1.9 45 14 1.6 +1.6
IWN iShares Russell 2000 Value ETF 1.8 24 35 6.1 +6.1
VTWV Vanguard Russell 2000 Value ETF 1.7 10 49 6.2 +6.2
GINN Goldman Sachs Innovate Equity ETF 1.6 52 7 3.3 +3.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.5 9 50 3.7 +3.7
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.4 40 19 6.0 +6.0
RSSL Global X Russell 2000 ETF 1.3 8 51 3.3 +3.3
IWM iShares Russell 2000 ETF 1.3 19 40 3.3 +3.3
VTWO Vanguard Russell 2000 ETF 1.3 7 52 3.5 +3.5
FFND Future Fund Active ETF 1.3 100 -41 3.2 +3.2
STXK Strive Small-Cap ETF 1.2 18 41 5.6 +5.6
IJT iShares S&P Small-Cap 600 Growth ETF 1.1 18 41 4.9 +4.9
FYX First Trust Small Cap Core AlphaDEX Fund 1.1 61 -2 5.3 +5.3
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 53 2.6 +2.6
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.1 15 44 4.9 +4.9
IGV iShares Expanded Tech-Software Sector ETF 1.0 41 18 2.6 +2.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.0 95 -36 -0.4 -0.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.0 61 -2 6.1 +6.1
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.0 60 -1 -0.9 -0.9
SPHB Invesco S&P 500 High Beta ETF 1.0 25 34 4.2 +4.2
VOT Vanguard Mid-Cap Growth ETF 1.0 7 52 3.0 +3.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 10 49 5.0 +5.0
FDTX Fidelity Disruptive Technology ETF 0.9 50 9 2.1 +2.1
DTEC ALPS Disruptive Technologies ETF 0.9 50 9 3.4 +3.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 -11 1.8 +1.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 55 5.4 +5.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.8 15 44 7.1 +7.1
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 36 5.3 +5.3
IWO iShares Russell 2000 Growth ETF 0.8 24 35 0.7 +0.7
METV Roundhill Ball Metaverse ETF 0.8 59 0 7.7 +7.7
VTWG Vanguard Russell 2000 Growth ETF 0.8 10 49 0.8 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.8 64 -5 0.9 +0.9
ITAN Sparkline Intangible Value ETF 0.8 50 9 5.8 +5.8
JAVA JPMorgan Active Value ETF 0.7 44 15 5.7 +5.7
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 30 4.3 +4.3
TRFM AAM Transformers ETF 0.7 49 10 1.0 +1.0
AVUV Avantis U.S. Small Cap Value ETF 0.7 25 34 9.0 +9.0
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 14 4.6 +4.6
VGT Vanguard Information Technology ETF 0.7 9 50 3.3 +3.3
ISCB iShares Morningstar Small-Cap ETF 0.6 4 55 5.3 +5.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.6 40 19 4.4 +4.4
SMOT VanEck Morningstar SMID Moat ETF 0.6 49 10 6.0 +6.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.6 59 0 8.1 +8.1
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 46 2.6 +2.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.6 17 42 5.5 +5.5
IJR iShares Core S&P Small Cap ETF 0.6 6 53 7.0 +7.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 56 7.1 +7.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 52 7.0 +7.0
FNCL Fidelity MSCI Financials Index ETF 0.5 8 51 5.7 +5.7
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 -9 3.0 +3.0
SPXM Azoria 500 Meritocracy ETF 0.5 47 12 3.9 +3.9
VXF Vanguard Extended Market ETF 0.5 5 54 4.1 +4.1
FTEC Fidelity MSCI Information Technology Index ETF 0.5 8 51 3.2 +3.2
IYJ iShares U.S. Industrials ETF 0.5 40 19 4.1 +4.1
IEDI iShares U.S. Consumer Focused ETF 0.5 18 41 4.7 +4.7
LRND IQ U.S. Large Cap R&D Leaders ETF 0.5 14 45 4.3 +4.3
XLF The Financial Select Sector SPDR Fund 0.5 8 51 5.3 +5.3
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 17 6.1 +6.1
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 36 2.7 +2.7
BUYZ Franklin Disruptive Commerce ETF 0.4 50 9 2.0 +2.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 -1 6.3 +6.3
AVSC Avantis U.S Small Cap Equity ETF 0.4 25 34 4.9 +4.9
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 31 3.3 +3.3
VFH Vanguard Financials ETF 0.4 9 50 5.7 +5.7
VO Vanguard Mid-Cap ETF 0.4 4 55 5.4 +5.4
DFAS Dimensional U.S. Small Cap ETF 0.4 26 33 6.1 +6.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 0 5.2 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 53 3.7 +3.7
VBK Vanguard Small-Cap Growth ETF 0.4 7 52 1.6 +1.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 47 7.0 +7.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 45 4.2 +4.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -8 9.1 +9.1
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 55 5.7 +5.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 39 5.0 +5.0
IWR iShares Russell Midcap ETF 0.3 19 40 5.6 +5.6
IETC iShares U.S. Tech Independence Focused ETF 0.3 18 41 2.8 +2.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.3 9 50 5.6 +5.6
CRTC Xtrackers US National Critical Technologies ETF 0.3 35 24 4.2 +4.2
IXG iShares Global Financials ETF 0.2 42 17 5.9 +5.9
PGJ Invesco Golden Dragon China ETF 0.2 70 -11 12.6 +12.6
FBCG Fidelity Blue Chip Growth ETF 0.2 59 0 2.2 +2.2
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 53 7.5 +7.5
IGM iShares Expanded Tech Sector ETF 0.2 41 18 2.9 +2.9
CLOD Themes Cloud Computing ETF 0.2 35 24 2.9 +2.9
IWS iShares Russell Mid-Cap Value ETF 0.2 23 36 6.5 +6.5
SCHA Schwab U.S. Small-Cap ETF 0.2 4 55 5.2 +5.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 20 4.6 +4.6
XOEF iShares S&P 500 ex S&P 100 ETF 0.2 20 39 5.0 +5.0
WRND IQ Global Equity R&D Leaders ETF 0.2 18 41 6.8 +6.8
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 41 6.1 +6.1
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 7 5.1 +5.1
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 1 5.0 +5.0
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 53 7.9 +7.9
XT iShares Exponential Technologies ETF 0.2 46 13 4.3 +4.3
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 39 6.1 +6.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 34 7.2 +7.2
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 7 6.5 +6.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 24 6.8 +6.8
YNOT Horizon Digital Frontier ETF 0.2 75 -16 2.6 +2.6
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 50 5.7 +5.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 44 5.7 +5.7
SFYX SoFi Next 500 ETF 0.2 0 59 5.2 +5.2
FDN First Trust Dow Jones Internet Index Fund 0.2 52 7 2.5 +2.5
FDND FT Vest Dow Jones Internet & Target Income ETF 0.2 75 -16 2.3 +2.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 19 3.1 +3.1
GSPY Gotham Enhanced 500 ETF 0.2 50 9 4.5 +4.5
VB Vanguard Small-Cap ETF 0.2 5 54 5.5 +5.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 44 4.0 +4.0
DXUV Dimensional US Vector Equity ETF 0.2 28 31 5.4 +5.4
PRXG Praxis Impact Large Cap Growth ETF 0.2 36 23 2.8 +2.8
GVLU Gotham 1000 Value ETF 0.2 50 9 8.5 +8.5
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.2 35 24 5.1 +5.1
DFLV Dimensional US Large Cap Value ETF 0.1 22 37 6.7 +6.7
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 41 4.6 +4.6
TMFC Motley Fool 100 Index ETF 0.1 50 9 2.9 +2.9
VEGN US Vegan Climate ETF 0.1 60 -1 3.9 +3.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 34 4.8 +4.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 20 9.0 +9.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 10 5.4 +5.4
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 41 6.2 +6.2
DFUV Dimensional US Marketwide Value ETF 0.1 22 37 6.6 +6.6
IUS Invesco RAFI Strategic US ETF 0.1 19 40 6.1 +6.1
VUG Vanguard Growth ETF 0.1 4 55 3.3 +3.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 20 6.1 +6.1
BFOR ALPS Barron's 400 ETF 0.1 65 -6 5.1 +5.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 55 3.1 +3.1
TEXN iShares Texas Equity ETF 0.1 20 39 5.7 +5.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 42 4.8 +4.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 50 4.9 +4.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 52 4.5 +4.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 45 4.7 +4.7
KLMN Invesco MSCI North America Climate ETF 0.1 9 50 4.4 +4.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 56 4.2 +4.2
VTI Vanguard Total Stock Market ETF 0.1 3 56 4.2 +4.2
IWV iShares Russell 3000 ETF 0.1 20 39 4.1 +4.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 24 5.4 +5.4
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 19 5.4 +5.4
MODL VictoryShares WestEnd U.S. Sector ETF 0.1 42 17 4.0 +4.0
VTHR Vanguard Russell 3000 ETF 0.1 7 52 4.2 +4.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 38 3.1 +3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.0 +5.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 35 6.8 +6.8
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 50 4.1 +4.1
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.5 +3.5
DFAU Dimensional US Core Equity Market ETF 0.1 12 47 4.4 +4.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 51 4.3 +4.3
AVUS Avantis U.S. Equity ETF 0.1 15 44 5.1 +5.1
AVUQ Avantis U.S. Quality ETF 0.1 15 44 3.6 +3.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 59 4.3 +4.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 52 4.2 +4.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 49 4.5 +4.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 47 5.9 +5.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 48 4.4 +4.4
GWX SPDR S&P International Small Cap ETF 0.1 40 19 6.1 +6.1
DFIS Dimensional International Small Cap ETF 0.1 39 20 6.4 +6.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 24 4.6 +4.6
IVE iShares S&P 500 Value ETF 0.1 18 41 5.5 +5.5
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 55 5.7 +5.7
VOOV Vanguard S&P 500 Value ETF 0.1 7 52 5.6 +5.6
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 49 5.0 +5.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 57 4.3 +4.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 50 4.1 +4.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 50 4.1 +4.1
VOTE TCW Transform 500 ETF 0.1 5 54 4.3 +4.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 48 4.3 +4.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 47 3.6 +3.6
IUSV iShares Core S&P US Value ETF 0.1 4 55 5.8 +5.8
STXG Strive 1000 Growth ETF 0.1 18 41 3.1 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 20 6.1 +6.1
SFY SoFi Select 500 ETF 0.1 0 59 3.8 +3.8
TOPC iShares S&P 500 3% Capped ETF 0.1 15 44 4.5 +4.5
DFUS Dimensional U.S. Equity ETF 0.1 9 50 4.2 +4.2
IWD iShares Russell 1000 Value ETF 0.1 19 40 5.8 +5.8
PBUS Invesco MSCI USA ETF 0.1 4 55 4.3 +4.3
JHML John Hancock Multifactor Large Cap ETF 0.1 29 30 4.7 +4.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 30 4.0 +4.0
ILCG iShares Morningstar Growth ETF 0.1 4 55 3.0 +3.0
XVV iShares ESG Screened S&P 500 ETF 0.1 8 51 4.1 +4.1
SCHB Schwab U.S. Broad Market ETF 0.1 3 56 4.3 +4.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 56 4.4 +4.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 24 6.6 +6.6
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 41 4.5 +4.5
SCHK Schwab 1000 Index ETF 0.1 5 54 4.3 +4.3
DFSV Dimensional US Small Cap Value ETF 0.1 31 28 9.7 +9.7
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 39 4.0 +4.0
RVRB Reverb ETF 0.1 30 29 4.0 +4.0
VOO Vanguard S&P 500 ETF 0.1 3 56 4.3 +4.3
VV Vanguard Large-Cap ETF 0.1 4 55 4.2 +4.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.3 +7.3
IVV iShares Core S&P 500 ETF 0.1 3 56 4.3 +4.3
SPY SPDR S&P 500 ETF 0.1 9 50 4.2 +4.2
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 57 4.3 +4.3
RAUS RACWI US ETF 0.1 15 44 4.3 +4.3
EZM WisdomTree U.S. MidCap Fund 0.1 38 21 7.9 +7.9
EPS WisdomTree U.S. LargeCap Fund 0.1 8 51 5.0 +5.0
HKND Humankind US Stock ETF 0.1 11 48 6.4 +6.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 4.6 +4.6
CHRI Global X S&P 500 Christian Values ETF 0.1 29 30 4.0 +4.0
GXLC Global X U.S. 500 ETF 0.1 2 57 4.2 +4.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 39 6.0 +6.0
STRV Strive 500 ETF 0.1 5 54 4.2 +4.2
VONV Vanguard Russell 1000 Value ETF 0.1 7 52 5.9 +5.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 44 5.5 +5.5
SCHX Schwab U.S. Large-Cap ETF 0.1 3 56 4.3 +4.3
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 56 4.2 +4.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 41 4.0 +4.0
VONE Vanguard Russell 1000 ETF 0.1 7 52 4.3 +4.3
IWB iShares Russell 1000 ETF 0.1 15 44 4.2 +4.2
IYY iShares Dow Jones U.S. ETF 0.1 20 39 4.1 +4.1
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 17 4.0 +4.0
VT Vanguard Total World Stock ETF 0.1 6 53 5.2 +5.2
ILCV iShares Morningstar Value ETF 0.1 4 55 5.7 +5.7
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 44 6.9 +6.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.0 20 39 6.6 +6.6
TOK iShares MSCI Kokusai ETF 0.0 26 33 4.4 +4.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 6.2 +6.2
URTH iShares MSCI World ETF 0.0 24 35 4.5 +4.5
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -26 3.9 +3.9
IVW iShares S&P 500 Growth ETF 0.0 18 41 3.1 +3.1
IWF iShares Russell 1000 Growth ETF 0.0 19 40 3.2 +3.2
SPYG State Street SPDR Portfolio S&P 500 Growth ETF 0.0 4 55 3.3 +3.3
VONG Vanguard Russell 1000 Growth ETF 0.0 7 52 3.4 +3.4
VOOG Vanguard S&P 500 Growth ETF 0.0 7 52 3.3 +3.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 20 2.9 +2.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 34 6.6 +6.6
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 55 3.4 +3.4
ACWI iShares MSCI ACWI ETF 0.0 32 27 4.8 +4.8
APUE ActivePassive U.S. Equity ETF 0.0 45 14 4.0 +4.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 34 6.6 +6.6
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.0 15 44 5.0 +5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 39 4.9 +4.9
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 31 9.3 +9.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 47 3.4 +3.4
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 49 3.6 +3.6
FESM Fidelity Enhanced Small Cap ETF 0.0 28 31 2.9 +2.9
JGRO JPMorgan Active Growth ETF 0.0 44 15 2.8 +2.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 29 5.2 +5.2
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 6.7 +6.7
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 47 6.7 +6.7
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 44 5.1 +5.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 44 4.2 +4.2
AVSD Avantis Responsible International Equity ETF 0.0 23 36 4.8 +4.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 17 8.8 +8.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 47 4.4 +4.4
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 6.2 +6.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 19 6.4 +6.4
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 52 6.9 +6.9
GXC SPDR S & P China ETF 0.0 59 0 15.1 +15.1
EBI Longview Advantage ETF 0.0 35 24 5.9 +5.9
DFAI Dimensional International Core Equity Market ETF 0.0 18 41 6.2 +6.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 35 5.6 +5.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 52 6.3 +6.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 10 8.7 +8.7
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 52 9.6 +9.6
AVDE Avantis International Equity ETF 0.0 23 36 6.6 +6.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 36 6.5 +6.5
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -31 3.1 +3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 14 6.2 +6.2
AVEM Avantis Emerging Markets Equity ETF 0.0 33 26 7.6 +7.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 26 7.3 +7.3

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:		 Grayscale Bitcoin Miners 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 -27.7 %
Divided by: Fwd. P/BV 0.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.58
 
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.