Rayliant SMDAM Japan Equity ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 22.3x P/Sales
ratio		 1.4x
P/BV
ratio		 2.1x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Rayliant SMDAM Japan Equity ETF seeks to provide investors with long-term capital appreciation by investing primarily in equities of Japanese companies, focusing on innovative investment strategies and factor-based research.

FUND BASICS
Category International Equities
Fund Sponsor Rayliant Investment Research
Website funds.rayliant.com/rayj/
Inception date Apr 04, 2024
Assets (mns) $17
Currency USD
Expense ratio 72 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $50,940
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
MITSUBISHI UFJ FINANCIAL GRO 6.2 %
NEC CORP 5.3 %
TOYOTA MOTOR CORP 5.3 %
FOOD & LIFE COMPANIES LTD. 4.3 %
HITACHI LTD 4.2 %
SONY CORP 4.0 %
TOYOTA TSUSHO CORP 3.9 %
DAISO CO LTD 3.7 %
SHOWA DENKO K K 3.6 %
KINDEN CORP 3.5 %
Total 44.0 %

TOP COUNTRY EXPOSURE
JAPAN 92.4 %










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.
20.0% 45.0% -- -- 26.4%

Market Correlations
versus... Beta R-squared
S&P500 0.65 31%
MSCI EAFE 1.00 54%
MSCI Emg. Mkts. 0.72 34%

Technical Indicators
Recent close $35.28
30d moving avg. $36.96
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.8%
Bid/Ask (% of price) 4.88%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 224 potential alternatives to the Rayliant SMDAM Japan Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RAYJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RAYJ Expense: 72 bp ALTAR Score™: 3.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYJ
Ticker Fund
Name		 Overlap1
vs RAYJ
(%)		 Expense
ratio
(bp)		 Savings
vs RAYJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RAYJ
(%)
BBJP JPMorgan BetaBuilders Japan ETF 22.0 19 53 5.7 +2.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 21.7 47 25 5.1 +1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.5 25 47 5.8 +2.5
FLJP Franklin FTSE Japan ETF 19.7 9 63 5.8 +2.5
FLJH Franklin FTSE Japan Hedged ETF 19.3 9 63 5.6 +2.3
JIVE JPMorgan International Value ETF 18.8 55 17 8.9 +5.6
DXJ WisdomTree Japan Hedged Equity Fund 17.3 48 24 5.8 +2.5
EWJV iShares MSCI Japan Value ETF 15.2 15 57 7.4 +4.1
JPXN iShares JPX-Nikkei 400 ETF 14.5 48 24 5.8 +2.5
IPAC iShares Core MSCI Pacific ETF 12.5 9 63 5.8 +2.5
VIGI Vanguard International Dividend Appreciation ETF 10.1 10 62 6.3 +3.0
VPL Vanguard FTSE Pacific ETF 10.1 7 65 5.7 +2.5
CLNR IQ Cleaner Transport ETF 8.6 45 27 3.9 +0.6
PPIE Putnam PanAgora ESG International Equity ETF 8.2 49 23 6.8 +3.5
RXI iShares Global Consumer Discretionary ETF 8.1 41 31 8.3 +5.0
IMOM Alpha Architect International Quantitative Momentum ETF 8.1 49 23 4.4 +1.1
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.8 48 24 4.6 +1.3
DTAN Sparkline International Intangible Value ETF 7.7 55 17 7.6 +4.3
PATN Pacer Nasdaq International Patent Leaders ETF 7.5 65 7 4.9 +1.6
FJP First Trust Japan AlphaDEX Fund 7.5 80 -8 7.6 +4.3
IQDG WisdomTree International Quality Dividend Growth Fund 7.2 42 30 6.0 +2.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.0 58 14 5.7 +2.4
JAPN Horizon Kinetics Japan Owner Operator ETF 6.6 85 -13 5.9 +2.6
DIHP Dimensional International High Profitability ETF 6.5 29 43 5.9 +2.6
FENI Fidelity Enhanced International ETF 6.2 28 44 6.1 +2.8
IQSI IQ Candriam International Equity ETF 6.1 15 57 5.9 +2.6
IGRO iShares International Dividend Growth ETF 6.1 15 57 7.0 +3.7
JIRE JPMorgan International Research Enhanced Equity ETF 5.9 24 48 6.1 +2.8
EFG iShares MSCI EAFE Growth ETF 5.7 36 36 4.0 +0.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 5.5 20 52 5.9 +2.6
STXI Strive International Developed Markets ETF 5.3 29 43 6.0 +2.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 5.2 58 14 5.6 +2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.1 14 58 5.7 +2.4
EFA iShares MSCI EAFE ETF 5.1 35 37 6.0 +2.8
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 43 5.8 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 5.0 20 52 6.2 +2.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 4.9 20 52 5.8 +2.6
HFXI IQ FTSE International Equity Currency Neutral ETF 4.9 20 52 6.1 +2.8
ESGD iShares ESG Aware MSCI EAFE ETF 4.9 20 52 6.1 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 4.8 35 37 6.0 +2.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 4.8 36 36 5.7 +2.4
INTF iShares International Equity Factor ETF 4.8 15 57 6.8 +3.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.7 47 25 7.9 +4.6
DMXF iShares ESG Advanced MSCI EAFE ETF 4.6 12 60 5.3 +2.0
IEFA iShares Core MSCI EAFE ETF 4.5 7 65 6.4 +3.1
EFV iShares MSCI EAFE Value ETF 4.5 34 38 7.9 +4.6
BKIE BNY Mellon International Equity ETF 4.4 4 68 6.3 +3.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.3 12 60 5.6 +2.3
ITOL Tema International Durable Quality ETF 4.3 60 12 5.3 +2.0
DOL WisdomTree International LargeCap Dividend Fund 4.2 48 24 6.0 +2.7
DFAI Dimensional International Core Equity Market ETF 4.1 18 54 6.3 +3.0
IVLU iShares MSCI Intl Value Factor ETF 4.1 30 42 8.6 +5.3
DWM WisdomTree International Equity Fund 4.1 48 24 5.9 +2.6
SCHF Schwab International Equity ETF 4.0 6 66 6.4 +3.1
BNGE First Trust S-Network Streaming and Gaming ETF 4.0 70 2 3.0 -0.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.0 75 -3 3.8 +0.6
JIG JPMorgan International Growth ETF 4.0 55 17 3.9 +0.6
MJSC MUFG Japan Small Cap Active ETF 4.0 85 -13 5.1 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.0 40 32 5.9 +2.6
IDEV iShares Core MSCI International Developed Markets ETF 4.0 4 68 6.3 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 3.9 3 69 6.2 +2.9
DIVI Franklin International Core Dividend Tilt Index ETF 3.9 9 63 6.9 +3.7
JHMD John Hancock Multifactor Developed International ETF 3.9 39 33 6.5 +3.2
IMTM iShares MSCI Intl Momentum Factor ETF 3.8 30 42 5.0 +1.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.8 75 -3 2.4 -0.9
VEA Vanguard FTSE Developed Markets ETF 3.7 3 69 6.4 +3.1
IVSI Applied Finance IVS International LrgETF 3.7 65 7 6.4 +3.1
OSEA Harbor International Compounders ETF 3.7 55 17 4.3 +1.0
DFSI Dimensional International Sustainability Core 1 ETF 3.7 24 48 5.9 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.6 45 27 7.2 +3.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.5 42 30 4.3 +1.0
VWID Virtus WMC International Dividend ETF 3.5 49 23 7.6 +4.3
IFGL iShares International Developed Real Estate ETF 3.5 48 24 7.1 +3.8
RWX SPDR Dow Jones International Real Estate ETF 3.5 59 13 7.0 +3.7
UMMA Wahed Dow Jones Islamic World ETF 3.4 65 7 4.1 +0.8
CGIE Capital Group International Equity ETF 3.4 54 18 4.8 +1.5
RGEF Rockefeller Global Equity ETF 3.4 55 17 4.2 +0.9
DFIV Dimensional International Value ETF 3.3 27 45 8.1 +4.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.3 69 3 2.0 -1.3
JGLO JPMorgan Global Select Equity ETF 3.3 33 39 4.5 +1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 3.3 10 62 8.2 +5.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.2 25 47 6.4 +3.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -8 7.1 +3.8
FNDF Schwab Fundamental International Large Co. Index ETF 3.2 25 47 7.9 +4.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 38 6.8 +3.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.1 30 42 6.3 +3.0
NUDM Nuveen ESG International Developed Markets Equity ETF 3.1 31 41 5.9 +2.6
VSGX Vanguard ESG International Stock ETF 3.0 10 62 7.1 +3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.0 18 54 6.8 +3.5
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 42 6.9 +3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.0 41 31 6.5 +3.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.0 12 60 8.4 +5.1
PIEL Pacer International Export Leaders ETF 2.9 60 12 4.5 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.9 4 68 7.2 +3.9
SCJ iShares MSCI Japan Small-Cap ETF 2.9 50 22 6.0 +2.7
DFIC Dimensional International Core Equity 2 ETF 2.9 23 49 6.5 +3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 2.8 34 38 5.3 +2.1
NUKZ Range Nuclear Renaissance Index ETF 2.8 85 -13 1.3 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.8 39 33 6.4 +3.1
ARVR First Trust Indxx Metaverse ETF 2.8 70 2 4.4 +1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.8 80 -8 3.8 +0.5
CGXU Capital Group International Focus Equity ETF 2.8 54 18 4.3 +1.0
VXUS Vanguard Total International Stock ETF 2.7 5 67 7.1 +3.8
IXUS iShares Core MSCI Total International Stock ETF 2.7 7 65 7.0 +3.7
FBOT Fidelity Disruptive Automation ETF 2.7 50 22 3.2 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.7 39 33 7.3 +4.1
PIO Invesco Global Water ETF 2.7 75 -3 4.4 +1.1
DRIV Global X Autonomous & Electric Vehicles ETF 2.7 68 4 3.9 +0.6
FIVA Fidelity International Value Factor ETF 2.6 18 54 7.9 +4.6
VYMI Vanguard International High Dividend Yield ETF 2.5 17 55 8.4 +5.1
CARZ First Trust NASDAQ Global Auto Index Fund 2.5 70 2 3.2 -0.1
EXI iShares Global Industrials ETF 2.4 42 30 3.7 +0.4
DXIV Dimensional International Vector Equity ETF 2.4 34 38 6.9 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.4 30 42 6.8 +3.5
QINT American Century Quality Diversified International ETF 2.3 39 33 7.0 +3.7
AZTD Aztlan Global Stock Selection DM SMID ETF 2.3 75 -3 4.5 +1.2
AGQI First Trust Active Global Quality Income ETF 2.3 85 -13 6.7 +3.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.3 50 22 5.9 +2.6
IVAL Alpha Architect International Quantitative Value ETF 2.2 49 23 7.9 +4.6
TPIF Timothy Plan International ETF 2.2 62 10 5.7 +2.4
IQLT iShares MSCI Intl Quality Factor ETF 2.2 30 42 5.7 +2.4
QTUM Defiance Quantum ETF 2.2 40 32 4.9 +1.6
HYDR Global X Hydrogen ETF 2.1 50 22 -7.0 -10.2
RFDI First Trust Riverfront Dynamic Developed International ETF 2.1 83 -11 8.0 +4.7
CGGO Capital Group Global Growth Equity ETF 2.1 47 25 4.6 +1.3
IBOT Vaneck Robotics ETF 2.1 47 25 3.8 +0.5
RWO SPDR Dow Jones Global Real Estate ETF 2.0 50 22 6.5 +3.2
MINV Matthews Asia Innovators Active ETF 2.0 79 -7 6.5 +3.2
AIVI WisdomTree International AI Enhanced Value Fund 2.0 58 14 6.6 +3.3
CIL VictoryShares International Volatility Wtd ETF 1.9 45 27 5.8 +2.5
NXTG First Trust Indxx NextG ETF 1.9 70 2 4.7 +1.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.9 65 7 1.6 -1.7
BATT Amplify Lithium & Battery Technology ETF 1.9 59 13 2.1 -1.2
FRGN Horizon International Equity ETF 1.8 75 -3 8.6 +5.3
FAN First Trust Global Wind Energy ETF 1.8 60 12 2.9 -0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.8 22 50 5.6 +2.3
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 47 5.5 +2.2
BULD Pacer BlueStar Engineering the Future ETF 1.8 60 12 0.4 -2.9
DWMF WisdomTree International Multifactor Fund 1.8 38 34 6.8 +3.5
DGT State Street SPDR Global Dow ETF 1.8 50 22 6.1 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 20 7.8 +4.5
AVSD Avantis Responsible International Equity ETF 1.7 23 49 6.4 +3.1
ERET iShares Environmentally Aware Real Estate ETF 1.7 30 42 7.0 +3.7
IOO iShares Global 100 ETF 1.6 41 31 4.2 +0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.6 32 40 5.4 +2.1
GLOF iShares Global Equity Factor ETF 1.6 20 52 6.0 +2.7
HUMN Roundhill Humanoid Robotics ETF 1.6 75 -3 1.4 -1.9
AVDE Avantis International Equity ETF 1.5 23 49 6.5 +3.2
METV Roundhill Ball Metaverse ETF 1.5 59 13 8.6 +5.3
IQRA IQ CBRE Real Assets ETF 1.5 65 7 5.8 +2.5
IXG iShares Global Financials ETF 1.5 42 30 6.7 +3.4
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -23 2.8 -0.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.4 65 7 4.4 +1.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.4 65 7 8.0 +4.7
UIVM VictoryShares International Value Momentum ETF 1.4 35 37 8.5 +5.2
ESGG FlexShares STOXX Global ESG Select Index Fund 1.4 42 30 4.5 +1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 35 7.3 +4.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.4 68 4 0.8 -2.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.4 24 48 7.0 +3.8
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 25 8.0 +4.8
GLBL Pacer MSCI World Industry Advantage ETF 1.3 65 7 3.8 +0.5
URTH iShares MSCI World ETF 1.3 24 48 4.7 +1.4
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 62 5.4 +2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.2 9 63 5.3 +2.0
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -17 4.8 +1.5
OAIM OneAscent International Equity ETF 1.2 95 -23 4.9 +1.6
ACWI iShares MSCI ACWI ETF 1.1 32 40 5.1 +1.8
GEW Cambria Global EW ETF 1.1 29 43 5.7 +2.4
AVIV Avantis International Large Cap Value ETF 1.1 25 47 7.3 +4.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 23 4.8 +1.6
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 32 6.5 +3.2
VT Vanguard Total World Stock ETF 1.1 6 66 5.4 +2.1
GINN Goldman Sachs Innovate Equity ETF 1.0 52 20 4.1 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 1.0 30 42 5.4 +2.1
WRND IQ Global Equity R&D Leaders ETF 1.0 18 54 4.4 +1.1
KNCT Invesco Next Gen Connectivity ETF 0.9 40 32 3.9 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 52 5.1 +1.8
FDTX Fidelity Disruptive Technology ETF 0.9 50 22 2.1 -1.2
AIQ Global X Artificial Intelligence & Technology ETF 0.9 68 4 3.5 +0.2
DIM WisdomTree International MidCap Dividend Fund 0.9 58 14 6.5 +3.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 23 6.3 +3.0
AQLT iShares MSCI Global Quality Factor ETF 0.8 18 54 0.0 -3.3
CGDG Capital Group Dividend Growers ETF 0.8 47 25 5.3 +2.0
INEQ Columbia International Equity Income ETF 0.8 45 27 7.9 +4.6
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -3 4.3 +1.0
KNO AXS Knowledge Leaders ETF 0.7 78 -6 4.6 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 60 4.8 +1.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.7 58 14 6.9 +3.6
SHPP Pacer Industrials and Logistics ETF 0.7 60 12 7.4 +4.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 14 3.8 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -8 5.5 +2.2
FEOE First Eagle Overseas Equity ETF 0.6 79 -7 6.4 +3.2
IVRS iShares Future Metaverse Tech and Communications ETF 0.6 47 25 5.2 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.6 29 43 7.2 +3.9
FIDI Fidelity International High Dividend ETF 0.6 18 54 7.3 +4.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 33 7.1 +3.8
HART IQ Healthy Hearts ETF 0.5 45 27 5.7 +2.4
TTAI FCF International Quality ETF 0.5 59 13 6.6 +3.3
JDOC JPMorgan Healthcare Leaders ETF 0.5 65 7 3.6 +0.3
JHID John Hancock International High Dividend ETF 0.5 46 26 8.2 +4.9
FDEV Fidelity International Multifactor ETF 0.5 18 54 7.2 +3.9
WWJD Inspire International ETF 0.5 80 -8 6.6 +3.3
FPAG FPA Global Equity ETF 0.5 49 23 6.3 +3.0
KXI iShares Global Consumer Staples ETF 0.5 41 31 5.3 +2.0
IXJ iShares Global Healthcare ETF 0.4 42 30 6.3 +3.0
WSML iShares MSCI World Small-Cap ETF 0.4 15 57 5.8 +2.5
IXN iShares Global Tech ETF 0.4 41 31 3.3 +0.1
IBAT iShares Energy Storage & Materials ETF 0.4 47 25 2.0 -1.3
XT iShares Exponential Technologies ETF 0.4 46 26 4.4 +1.1
FEGE First Eagle Global Equity ETF 0.4 79 -7 6.3 +3.0
WLDR Affinity World Leaders Equity ETF 0.3 67 5 6.6 +3.3
AVDS Avantis International Small Cap Equity ETF 0.3 30 42 6.4 +3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.3 45 27 -0.9 -4.2
BLES Inspire Global Hope ETF 0.2 61 11 6.1 +2.8
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 14 7.7 +4.4
BMED Future Health ETF 0.2 85 -13 1.2 -2.1
GWX SPDR S&P International Small Cap ETF 0.2 40 32 6.1 +2.8
AVDV Avantis International Small Cap Value ETF 0.2 36 36 8.2 +4.9
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 14 6.0 +2.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 52 5.7 +2.4
SCHC Schwab International Small-Cap Equity ETF 0.1 11 61 6.9 +3.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 49 7.5 +4.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 64 6.6 +3.3
DFIS Dimensional International Small Cap ETF 0.0 39 33 6.5 +3.2

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:		 Rayliant SMDAM Japan Equity 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 8.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 72 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 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.