Sprott Junior Gold Miners ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 18.3x P/Sales
ratio		 2.0x
P/BV
ratio		 1.3x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Sprott Junior Gold Miners ETF tracks an index of US- and Canada-listed small-cap gold and silver miner stocks. The index selects firms by market cap and weights them by revenue growth and relative price momentum.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.sprottetfs.com
Inception date Mar 31, 2015
Assets (mns) $114
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 42
Wgt avg mkt cap (mns) $1,109
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 100.0%
Developed mkts 95.8%
Emerging mkts 4.2%

TOP TEN HOLDINGS
PERSEUS MINING LTD 5.8 %
CENTAMIN EGYPT LTD 5.3 %
OCEANAGOLD CORP 5.2 %
BELLEVUE GOLD LIMITED 5.2 %
TOREX GOLD RESOURCES INC. 4.8 %
ARTEMIS GOLD INC 4.8 %
DE GREY MINING LTD 4.7 %
CAPRICORN METALS LTD 4.6 %
ORLA MINING LTD. 4.5 %
K92 MINING, INC. 4.2 %
Total 49.1 %

TOP COUNTRY EXPOSURE
AUSTRALIA 45.2 %
CANADA 43.5 %
BRITAIN 6.1 %
INDONESIA 4.1 %
SOUTH AFRICA 0.4 %
UNITED STATES 0.4 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.0% -18.2% 1.3% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 30%
MSCI EAFE 1.44 47%
MSCI Emg. Mkts. 1.26 38%

Technical Indicators
Recent close $32.23
30d moving avg. $28.50
Annualized volatility 36.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 43
Turnover 1.2%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $213

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 112 potential alternatives to the Sprott Junior Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with SGDJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SGDJ Expense: 50 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDJ
Ticker Fund
Name		 Overlap1
vs SGDJ
(%)		 Expense
ratio
(bp)		 Savings
vs SGDJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SGDJ
(%)
GOEX Global X Gold Explorers ETF 49.3 65 -15 5.0 -0.3
GDXJ VanEck Junior Gold Miners ETF 22.2 52 -2 5.0 -0.4
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 18.1 60 -10 6.3 +1.0
SGDM Sprott Gold Miners ETF 12.1 50 0 6.1 +0.8
RING iShares MSCI Global Gold Miners ETF 9.8 39 11 6.0 +0.7
GDX VanEck Gold Miners ETF 9.0 51 -1 4.8 -0.5
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 8.6 69 -19 1.4 -4.0
SLVP iShares MSCI Global Silver Miners ETF 6.8 39 11 3.9 -1.4
AFK VanEck Africa Index ETF 4.1 98 -48 10.0 +4.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.8 80 -30 11.0 +5.6
DISV Dimensional International Small Cap Value ETF 2.7 42 8 9.2 +3.9
ION ProShares S&P Global Core Battery Metals ETF 2.4 58 -8 11.6 +6.3
GWX SPDR S&P International Small Cap ETF 2.4 40 10 6.6 +1.2
AVDV Avantis International Small Cap Value ETF 2.3 36 14 7.9 +2.6
CGV Conductor Global Equity Value ETF 2.1 130 -80 11.3 +6.0
DFIS Dimensional International Small Cap ETF 1.5 39 11 6.7 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 1 6.7 +1.3
SCHC Schwab International Small-Cap Equity ETF 1.0 11 39 6.4 +1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 43 6.5 +1.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 -9 6.2 +0.9
SIL Global X Silver Miners ETF 0.8 65 -15 2.6 -2.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.7 40 10 0.0 -5.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -20 10.7 +5.4
IDX VanEck Indonesia Index ETF 0.7 57 -7 7.9 +2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 11 6.8 +1.5
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 27 8.7 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 11 7.3 +1.9
EIDO iShares MSCI Indonesia ETF 0.4 59 -9 7.5 +2.2
XME SPDR S&P Metals & Mining ETF 0.4 35 15 7.3 +2.0
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 -9 5.6 +0.2
DFIC Dimensional International Core Equity 2 ETF 0.3 23 27 7.4 +2.0
AVDE Avantis International Equity ETF 0.3 23 27 7.8 +2.5
COPJ Sprott Junior Copper Miners ETF 0.3 75 -25 9.9 +4.5
COPX Global X Copper Miners ETF 0.3 65 -15 7.2 +1.8
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 8 0.0 -5.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 20 7.8 +2.4
IPAC iShares Core MSCI Pacific ETF 0.2 9 41 6.6 +1.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 26 6.2 +0.8
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -8 8.7 +3.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 6.9 +1.5
VPL Vanguard FTSE Pacific ETF 0.2 8 42 6.9 +1.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -8 10.9 +5.5
ISMD Inspire Small/Mid Cap ETF 0.2 54 -4 6.0 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 6.7 +1.3
DFSV Dimensional US Small Cap Value ETF 0.1 31 19 8.8 +3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 11 4.5 -0.8
IWN iShares Russell 2000 Value ETF 0.1 24 26 5.5 +0.2
VTWV Vanguard Russell 2000 Value ETF 0.1 15 35 5.8 +0.4
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 6.9 +1.6
VAW Vanguard Materials ETF 0.1 10 40 6.5 +1.2
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 25 5.4 +0.0
VEA Vanguard FTSE Developed Markets ETF 0.1 5 45 7.0 +1.6
VSGX Vanguard ESG International Stock ETF 0.1 12 38 6.8 +1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.7 +0.4
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 22 8.2 +2.8
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -5 9.1 +3.7
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 2.7 -2.7
IWM iShares Russell 2000 ETF 0.1 19 31 3.6 -1.8
VTWO Vanguard Russell 2000 ETF 0.1 10 40 3.8 -1.5
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 44 8.1 +2.7
VXUS Vanguard Total International Stock ETF 0.1 7 43 7.1 +1.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -15 7.7 +2.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 25 6.8 +1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 21 7.3 +2.0
FMAT Fidelity MSCI Materials Index ETF 0.1 8 42 6.6 +1.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 41 3.9 -1.4
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 35 1.7 -3.6
IWO iShares Russell 2000 Growth ETF 0.1 24 26 1.4 -3.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 47 6.9 +1.5
SCHA Schwab U.S. Small-Cap ETF 0.1 4 46 4.9 -0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.3 +1.9
VBR Vanguard Small Cap Value ETF 0.1 7 43 8.1 +2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 11 11.0 +5.7
DFAS Dimensional U.S. Small Cap ETF 0.0 26 24 6.0 +0.6
NUSC Nuveen ESG Small-Cap ETF 0.0 31 19 5.1 -0.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -35 8.2 +2.8
SETM Sprott Energy Transition Materials ETF 0.0 65 -15 5.4 +0.0
ISCB iShares Morningstar Small-Cap ETF 0.0 4 46 5.3 -0.1
VT Vanguard Total World Stock ETF 0.0 7 43 5.8 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 18 6.3 +0.9
IGE iShares North American Natural Resources ETF 0.0 41 9 6.4 +1.1
VB Vanguard Small-Cap ETF 0.0 5 45 5.4 +0.0
IEUR iShares Core MSCI Europe ETF 0.0 11 39 -1.3 -6.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 7 10.9 +5.6
VXF Vanguard Extended Market ETF 0.0 6 44 3.9 -1.4
VGK Vanguard FTSE Europe ETF 0.0 11 39 6.8 +1.5
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 42 7.6 +2.3
SPEU SPDR Portfolio Europe ETF 0.0 7 43 6.5 +1.2
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 18 6.2 +0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 12 8.3 +2.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 28 7.6 +2.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 33 5.6 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 7.8 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 11 7.6 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 7.5 +2.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 7.5 +2.2
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 7.7 +2.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 25 5.6 +0.3
IWV iShares Russell 3000 ETF 0.0 20 30 5.0 -0.4
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 9.1 +3.8
DWM WisdomTree International Equity Fund 0.0 48 2 7.8 +2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 25 7.0 +1.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 47 5.2 -0.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 41 5.0 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 9.6 +4.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 38 5.3 -0.0
AVUS Avantis U.S. Equity ETF 0.0 15 35 6.0 +0.7
VTHR Vanguard Russell 3000 ETF 0.0 10 40 5.1 -0.3
DFUS Dimensional U.S. Equity ETF 0.0 9 41 5.1 -0.2
VTI Vanguard Total Stock Market ETF 0.0 3 47 5.1 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 47 5.1 -0.2
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 32 5.7 +0.3

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Sprott Junior Gold Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.25 CATEGORY
AVERAGE		 1.50
 
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.