Rayliant SMDAM Japan Equity ETF
ALTAR
Score™		 3.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 23.7x P/Sales
ratio		 1.5x
P/BV
ratio		 2.2x Div.
yield		 2.1%


  • 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) $24
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
KIOXIA HOLDINGS CORP ORDINARY SHAR 12.5 %
MITSUBISHI UFJ FINANCIAL GRO 9.5 %
SHOWA DENKO K K 8.7 %
EBARA CORP 6.3 %
FAST RETAILING CO LTD 6.0 %
FOOD & LIFE COMPANIES LTD. 5.7 %
DAIFUKU CO LTD 5.7 %
KAWASAKI HEAVY INDUSTRIES 5.3 %
ASICS CORP 5.1 %
CHUGAI PHARMACEUTICAL CO LTD 3.4 %
Total 68.0 %

TOP COUNTRY EXPOSURE
JAPAN 84.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.1% 32.0% -- -- 26.1%

Market Correlations
versus... Beta R-squared
S&P500 0.98 25%
MSCI EAFE 1.06 45%
MSCI Emg. Mkts. 0.66 37%

Technical Indicators
Recent close $37.44
30d moving avg. $38.96
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 2.13%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 227 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™: 3.1%


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
(%)
HEWJ iShares Currency Hedged MSCI Japan ETF 19.9 50 22 5.3 +2.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.8 47 25 4.6 +1.5
BBJP JPMorgan BetaBuilders Japan ETF 18.6 19 53 5.3 +2.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.6 25 47 5.4 +2.3
FLJP Franklin FTSE Japan ETF 17.1 9 63 5.3 +2.2
FLJH Franklin FTSE Japan Hedged ETF 16.8 9 63 5.1 +2.0
JPXN iShares JPX-Nikkei 400 ETF 16.0 48 24 5.3 +2.2
DXJ WisdomTree Japan Hedged Equity Fund 14.7 48 24 5.2 +2.0
EWJV iShares MSCI Japan Value ETF 12.8 15 57 6.7 +3.5
IPAC iShares Core MSCI Pacific ETF 12.2 9 63 5.4 +2.3
JIVE JPMorgan International Value ETF 10.9 55 17 8.0 +4.8
VIGI Vanguard International Dividend Appreciation ETF 10.3 10 62 5.9 +2.7
VPL Vanguard FTSE Pacific ETF 9.6 7 65 5.3 +2.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.5 48 24 4.7 +1.6
EFG iShares MSCI EAFE Growth ETF 7.3 36 36 3.8 +0.6
DIHP Dimensional International High Profitability ETF 6.7 29 43 5.7 +2.5
FBOT Fidelity Disruptive Automation ETF 6.5 50 22 3.0 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.5 42 30 4.1 +0.9
FENI Fidelity Enhanced International ETF 6.4 28 44 5.7 +2.5
PIO Invesco Global Water ETF 6.3 75 -3 4.4 +1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 6.2 12 60 4.8 +1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.1 14 58 5.2 +2.1
IVSI Applied Finance IVS International Large ETF 6.1 65 7 5.8 +2.6
CGIE Capital Group International Equity ETF 6.0 54 18 4.5 +1.4
UMMA Wahed Dow Jones Islamic World ETF 5.8 65 7 3.6 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 5.8 20 52 5.5 +2.3
PATN Pacer Nasdaq International Patent Leaders ETF 5.8 65 7 4.2 +1.0
BOTZ Global X Robotics & Artificial Intelligence ETF 5.7 69 3 2.1 -1.1
IDHQ Invesco S&P International Developed High Quality ETF 5.6 29 43 5.0 +1.8
IQSI IQ Candriam International Equity ETF 5.6 15 57 5.5 +2.4
NXTG First Trust Indxx NextG ETF 5.6 70 2 3.7 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 5.4 35 37 5.6 +2.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 5.4 20 52 5.6 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 5.3 20 52 5.7 +2.6
EFA iShares MSCI EAFE ETF 5.3 35 37 5.6 +2.5
HEFA iShares Currency Hedged MSCI EAFE ETF 5.3 35 37 5.6 +2.5
ESGD iShares ESG Aware MSCI EAFE ETF 5.3 20 52 5.6 +2.5
JIRE JPMorgan International Research Enhanced Equity ETF 5.3 24 48 5.6 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 5.2 36 36 5.1 +2.0
STXI Strive International Developed Markets ETF 5.1 29 43 6.3 +3.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.1 80 -8 3.8 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 5.0 31 41 5.3 +2.2
IMTM iShares MSCI Intl Momentum Factor ETF 5.0 30 42 4.7 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.9 47 25 7.2 +4.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.8 12 60 5.2 +2.1
BKIE BNY Mellon International Equity ETF 4.8 4 68 17.7 +14.5
INTF iShares International Equity Factor ETF 4.8 15 57 6.4 +3.2
IEFA iShares Core MSCI EAFE ETF 4.7 7 65 6.0 +2.8
CGXU Capital Group International Focus Equity ETF 4.7 54 18 3.9 +0.7
IBOT Vaneck Robotics ETF 4.6 47 25 3.3 +0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 4.6 20 52 5.6 +2.4
EXI iShares Global Industrials ETF 4.5 42 30 3.5 +0.4
ROBO ROBO Global Robotics & Automation Index ETF 4.4 95 -23 2.5 -0.7
FJP First Trust Japan AlphaDEX Fund 4.3 80 -8 7.6 +4.5
DFAI Dimensional International Core Equity Market ETF 4.3 18 54 5.9 +2.8
JHMD John Hancock Multifactor Developed International ETF 4.2 39 33 6.1 +2.9
QINT American Century Quality Diversified International ETF 4.1 39 33 6.5 +3.3
IDEV iShares Core MSCI International Developed Markets ETF 4.1 4 68 5.9 +2.8
SCHF Schwab International Equity ETF 4.1 6 66 5.9 +2.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.1 65 7 4.2 +1.1
JIG JPMorgan International Growth ETF 4.0 55 17 3.7 +0.6
IBAT iShares Energy Storage & Materials ETF 4.0 47 25 1.8 -1.4
RXI iShares Global Consumer Discretionary ETF 4.0 41 31 8.2 +5.0
SPDW SPDR Portfolio Developed World ex-US ETF 4.0 3 69 5.8 +2.7
KNO AXS Knowledge Leaders ETF 4.0 78 -6 4.0 +0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.9 75 -3 2.0 -1.2
RGEF Rockefeller Global Equity ETF 3.9 55 17 3.8 +0.7
IGRO iShares International Dividend Growth ETF 3.9 15 57 6.5 +3.4
VEA Vanguard FTSE Developed Markets ETF 3.8 3 69 5.9 +2.8
TPIF Timothy Plan International ETF 3.8 62 10 5.5 +2.4
DFSI Dimensional International Sustainability Core 1 ETF 3.7 24 48 5.6 +2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.7 40 32 5.6 +2.5
DWM WisdomTree International Equity Fund 3.7 48 24 5.5 +2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.7 25 47 6.0 +2.9
QTUM Defiance Quantum ETF 3.7 40 32 3.9 +0.8
DOL WisdomTree International LargeCap Dividend Fund 3.6 48 24 5.5 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 3.6 83 -11 7.3 +4.2
HUMN Roundhill Humanoid Robotics ETF 3.6 75 -3 1.5 -1.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.6 30 42 5.9 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.5 39 33 6.2 +3.1
OAIM OneAscent International Equity ETF 3.5 95 -23 4.6 +1.4
EFV iShares MSCI EAFE Value ETF 3.4 34 38 7.3 +4.2
DTAN Sparkline International Intangible Value ETF 3.4 55 17 7.0 +3.9
THNR Amplify Weight Loss Drug & Treatment ETF 3.4 59 13 5.8 +2.7
OZEM Roundhill GLP-1 & Weight Loss ETF 3.4 59 13 5.4 +2.3
IQLT iShares MSCI Intl Quality Factor ETF 3.4 30 42 5.4 +2.2
PIEL Pacer International Export Leaders ETF 3.3 60 12 4.1 +0.9
CWI SPDR MSCI ACWI ex-US ETF 3.2 30 42 6.4 +3.3
DIVI Franklin International Core Dividend Tilt Index ETF 3.2 9 63 6.5 +3.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.2 18 54 6.3 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 38 6.3 +3.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.1 65 7 1.4 -1.7
DWMF WisdomTree International Multifactor Fund 3.1 38 34 6.8 +3.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.1 45 27 6.7 +3.5
FRGN Horizon International Equity ETF 3.1 75 -3 7.8 +4.7
IDMO Invesco S&P International Developed Momentum ETF 3.1 25 47 5.1 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 4 68 6.7 +3.5
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 47 7.3 +4.1
IQDG WisdomTree International Quality Dividend Growth Fund 3.0 42 30 5.6 +2.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.9 58 14 5.6 +2.4
VSGX Vanguard ESG International Stock ETF 2.9 10 62 6.6 +3.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.9 58 14 5.2 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.8 41 31 5.9 +2.8
VXUS Vanguard Total International Stock ETF 2.8 5 67 6.6 +3.5
IXUS iShares Core MSCI Total International Stock ETF 2.8 7 65 6.6 +3.4
IMOM Alpha Architect International Quantitative Momentum ETF 2.8 49 23 4.6 +1.4
CIL VictoryShares International Volatility Wtd ETF 2.8 45 27 5.9 +2.7
MOTG VanEck Morningstar Global Wide Moat ETF 2.7 52 20 7.7 +4.5
IVLU iShares MSCI Intl Value Factor ETF 2.6 30 42 7.8 +4.7
FEOE First Eagle Overseas Equity ETF 2.6 79 -7 6.0 +2.8
IPAV Global X Infrastructure Development ex-U.S. ETF 2.5 55 17 6.0 +2.9
DFIC Dimensional International Core Equity 2 ETF 2.5 23 49 6.2 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.5 39 33 6.9 +3.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.5 80 -8 7.1 +4.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.4 50 22 5.6 +2.5
AGNG Global X Aging Population ETF 2.4 50 22 4.1 +1.0
FIVA Fidelity International Value Factor ETF 2.3 18 54 7.1 +4.0
AVDE Avantis International Equity ETF 2.3 23 49 6.1 +3.0
AZTD Aztlan Global Stock Selection DM SMID ETF 2.2 75 -3 4.1 +1.0
AGQI First Trust Active Global Quality Income ETF 2.2 85 -13 6.2 +3.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.2 75 -3 3.3 +0.2
BNGE First Trust S-Network Streaming and Gaming ETF 2.2 70 2 3.0 -0.1
ARVR First Trust Indxx Metaverse ETF 2.2 70 2 3.8 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 2.2 34 38 5.1 +2.0
MJSC MUFG Japan Small Cap Active ETF 2.0 85 -13 4.7 +1.5
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 23 7.5 +4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.0 30 42 6.5 +3.3
METV Roundhill Ball Metaverse ETF 2.0 59 13 8.2 +5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 2.0 42 30 4.0 +0.9
AVSD Avantis Responsible International Equity ETF 2.0 23 49 5.8 +2.7
BATT Amplify Lithium & Battery Technology ETF 1.9 59 13 2.1 -1.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.9 65 7 7.9 +4.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.9 22 50 5.6 +2.4
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 14 6.0 +2.9
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 25 7.4 +4.3
WRND IQ Global Equity R&D Leaders ETF 1.8 18 54 4.1 +1.0
DXIV Dimensional International Vector Equity ETF 1.8 34 38 6.5 +3.3
IXG iShares Global Financials ETF 1.7 42 30 5.8 +2.6
BULD Pacer BlueStar Engineering the Future ETF 1.7 60 12 0.3 -2.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.7 32 40 5.2 +2.1
GCOW Pacer Global Cash Cows Dividend ETF 1.7 60 12 9.1 +6.0
WWJD Inspire International ETF 1.7 80 -8 6.2 +3.1
KLMT Invesco MSCI Global Climate 500 ETF 1.6 10 62 4.9 +1.8
GLOF iShares Global Equity Factor ETF 1.6 20 52 5.6 +2.4
GEW Cambria Global EW ETF 1.5 29 43 5.3 +2.2
SCJ iShares MSCI Japan Small-Cap ETF 1.5 50 22 5.5 +2.4
POW VistaShares Electrification Supercycle ETF 1.4 75 -3 2.4 -0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 35 7.0 +3.8
TTAI FCF International Quality ETF 1.4 59 13 6.9 +3.8
JHID John Hancock International High Dividend ETF 1.4 46 26 7.7 +4.6
IFGL iShares International Developed Real Estate ETF 1.4 48 24 7.2 +4.0
RWX SPDR Dow Jones International Real Estate ETF 1.4 59 13 7.0 +3.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 60 8.4 +5.3
IQRA IQ CBRE Real Assets ETF 1.4 65 7 5.7 +2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.4 10 62 8.4 +5.2
RWO SPDR Dow Jones Global Real Estate ETF 1.4 50 22 6.1 +2.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.4 25 47 5.4 +2.3
VYMI Vanguard International High Dividend Yield ETF 1.3 17 55 7.7 +4.6
ERET iShares Environmentally Aware Real Estate ETF 1.3 30 42 6.6 +3.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 48 6.9 +3.7
URTH iShares MSCI World ETF 1.3 24 48 4.3 +1.2
FDEV Fidelity International Multifactor ETF 1.3 18 54 7.1 +3.9
CLNR IQ Cleaner Transport ETF 1.3 45 27 4.0 +0.8
FAN First Trust Global Wind Energy ETF 1.3 60 12 3.0 -0.2
NUKZ Range Nuclear Renaissance Index ETF 1.3 85 -13 1.5 -1.6
JGLO JPMorgan Global Select Equity ETF 1.3 33 39 4.3 +1.1
FIDI Fidelity International High Dividend ETF 1.2 18 54 6.9 +3.8
GLBL Pacer MSCI World Industry Advantage ETF 1.2 65 7 3.4 +0.3
DGT State Street SPDR Global Dow ETF 1.2 50 22 5.6 +2.5
XT iShares Exponential Technologies ETF 1.2 46 26 4.0 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 52 4.7 +1.6
FEGE First Eagle Global Equity ETF 1.2 79 -7 5.9 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.2 9 63 4.9 +1.7
HRTS Tema Heart & Health ETF 1.1 75 -3 2.8 -0.4
ACWI iShares MSCI ACWI ETF 1.1 32 40 4.7 +1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 14 3.6 +0.5
VT Vanguard Total World Stock ETF 1.1 6 66 5.0 +1.9
AIQ Global X Artificial Intelligence & Technology ETF 1.1 68 4 3.0 -0.2
DFIV Dimensional International Value ETF 1.0 27 45 7.5 +4.4
IOO iShares Global 100 ETF 1.0 41 31 3.8 +0.7
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 17 6.4 +3.2
DIM WisdomTree International MidCap Dividend Fund 1.0 58 14 6.2 +3.1
DTEC ALPS Disruptive Technologies ETF 1.0 50 22 3.5 +0.4
AQLT iShares MSCI Global Quality Factor ETF 0.9 18 54 0.0 -3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 42 5.1 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 60 4.5 +1.3
AVIV Avantis International Large Cap Value ETF 0.9 25 47 6.8 +3.6
INEQ Columbia International Equity Income ETF 0.8 45 27 7.6 +4.4
BLES Inspire Global Hope ETF 0.8 61 11 5.7 +2.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -3 4.5 +1.4
SHPP Pacer Industrials and Logistics ETF 0.8 60 12 6.6 +3.4
UIVM VictoryShares International Value Momentum ETF 0.7 35 37 7.8 +4.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -8 5.2 +2.1
GINN Goldman Sachs Innovate Equity ETF 0.6 52 20 3.7 +0.6
IXN iShares Global Tech ETF 0.6 41 31 2.8 -0.4
CHAT Roundhill Generative AI & Technology ETF 0.6 75 -3 4.6 +1.5
FDTX Fidelity Disruptive Technology ETF 0.6 50 22 1.7 -1.4
HART IQ Healthy Hearts ETF 0.6 45 27 5.9 +2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 23 6.1 +3.0
MXI iShares Global Materials ETF 0.5 41 31 6.2 +3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 32 6.1 +3.0
IQM Franklin Intelligent Machines ETF 0.5 50 22 1.3 -1.9
FPXI First Trust International Equity Opportunities ETF 0.5 70 2 4.1 +1.0
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 14 6.6 +3.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 33 6.8 +3.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -17 4.3 +1.1
KXI iShares Global Consumer Staples ETF 0.5 41 31 5.3 +2.1
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 47 6.1 +3.0
JAPN Horizon Kinetics Japan Owner Operator ETF 0.4 85 -13 5.5 +2.3
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 24 2.5 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 43 6.9 +3.8
IXJ iShares Global Healthcare ETF 0.4 42 30 6.1 +3.0
CANC Tema Oncology ETF 0.4 75 -3 -2.2 -5.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 23 4.6 +1.4
KNCT Invesco Next Gen Connectivity ETF 0.3 40 32 3.1 -0.0
WLDR Affinity World Leaders Equity ETF 0.3 67 5 5.7 +2.6
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 25 5.4 +2.2
AVDS Avantis International Small Cap Equity ETF 0.2 30 42 6.1 +2.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 52 5.6 +2.5
GWX SPDR S&P International Small Cap ETF 0.2 40 32 6.1 +3.0
WSML iShares MSCI World Small-Cap ETF 0.2 15 57 5.4 +2.2
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 14 7.4 +4.3
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 14 6.8 +3.7
AVDV Avantis International Small Cap Value ETF 0.1 36 36 7.9 +4.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 61 6.8 +3.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 64 6.5 +3.4
DFIS Dimensional International Small Cap ETF 0.0 39 33 6.2 +3.0

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 2.1 x
Less: Expense ratio 72 bp
Equals: ALTAR Score 3.1 %
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.