ETFMG Prime Junior Silver ETF
ALTAR
Score™
0.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.3x P/Sales
ratio
1.4x
P/BV
ratio
0.9x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ETFMG Prime Junior Silver ETF tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies.

FUND BASICS
Category Global Equities
Fund Sponsor ETF Managers Group
Website www.etfmgfunds.com
Inception date Nov 29, 2012
Assets (mns) $100
Currency USD
Expense ratio 69 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian US Bank NA
Weighting Tiered
Index replication Unknown
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $1,160
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 22.2%
Small cap (<$2bn) 77.8%
Developed mkts 95.0%
Emerging mkts 5.0%

TOP TEN HOLDINGS
PAN AMERICAN SILVER CORP 13.7 %
FIRST MAJESTIC SILVER CORP 10.7 %
HECLA MINING CO 10.5 %
COEUR D'ALENE MINES CORP 8.8 %
YAMANA GOLD INC 6.1 %
SSR MINING INC 5.5 %
MAG SILVER CORP 5.2 %
HOCHSCHILD MINING PLC 4.4 %
SILVERCORP METALS INC 4.4 %
ENDEAVOUR SILVER CORP 2.2 %
Total 71.4 %

TOP COUNTRY EXPOSURE
CANADA 62.3 %
UNITED STATES 22.4 %
BRITAIN 4.4 %








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.
-46.6% -23.6% -0.1% -- -13.3%

Market Correlations
versus... Beta R-squared
S&P500 1.12 24%
MSCI EAFE 1.34 33%
MSCI Emg. Mkts. 1.16 36%

Technical Indicators
Recent close $7.19
30d moving avg. $7.84
Annualized volatility 35.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 813
Turnover 5.9%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $142

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 88 potential alternatives to the ETFMG Prime Junior Silver ETF ETF based on the alternatives' overlap in portfolio holdings with SILJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SILJ Expense: 69 bp ALTAR Score™: 0.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SILJ
Ticker Fund
Name
Overlap1
vs SILJ
(%)
Expense
ratio
(bp)
Savings
vs SILJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SILJ
(%)
SLVP iShares MSCI Global Silver Miners ETF 38.1 39 30 2.5 +1.9
SIL Global X Silver Miners ETF 33.5 65 4 3.4 +2.8
XME SPDR S&P Metals & Mining ETF 10.3 35 34 11.7 +11.0
GOEX Global X Gold Explorers ETF 9.6 65 4 4.7 +4.1
EPU iShares MSCI All Peru Capped ETF 6.2 59 10 8.3 +7.6
SGDJ ALPS Sprott Junior Gold Miners ETF 4.6 50 19 4.1 +3.4
FCAN First Trust Canada AlphaDex Fund 4.5 80 -11 7.5 +6.8
RING iShares MSCI Global Gold Miners ETF 4.4 39 30 4.6 +4.0
SGDM Sprott Gold Miners ETF 4.1 50 19 3.1 +2.4
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 4.0 60 9 4.1 +3.4
ARGT Global X MSCI Argentina ETF 3.6 59 10 9.7 +9.1
AGT iShares MSCI Argentina & Global Exposure ETF A 3.6 59 10 9.8 +9.1
GDXJ VanEck Vectors Junior Gold Miners ETF 2.9 53 16 4.5 +3.8
AIIQ AI Powered International Equity ETF 2.4 79 -10 5.8 +5.1
COPX Global X Copper Miners ETF 1.9 65 4 10.4 +9.8
DOGS Arrow Dogs of the World ETF 1.6 134 -65 13.6 +12.9
GDX VanEck Vectors Gold Miners ETF 1.0 52 17 3.9 +3.3
FVL First Trust Value Line 100 Exchange-Traded Fund 0.9 70 -1 5.2 +4.5
AVDV Avantis International Small Cap Value ETF 0.9 36 33 11.6 +11.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.7 20 49 7.4 +6.7
SCHC Schwab International Small-Cap Equity ETF 0.7 12 57 9.1 +8.4
GRES IQ Global Resources ETF 0.6 77 -8 8.9 +8.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.5 11 58 8.8 +8.2
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 0.5 45 24 10.0 +9.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 40 7.9 +7.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -11 14.3 +13.7
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.4 35 34 7.6 +7.0
GWX SPDR S&P International Small Cap ETF 0.4 40 29 7.9 +7.2
IWN iShares Russell 2000 Value ETF 0.3 24 45 9.5 +8.9
VAW Vanguard Materials Index Fund 0.3 10 59 8.0 +7.4
VTWV Vanguard Russell 2000 Value Index Fund 0.3 15 54 9.7 +9.1
FMAT Fidelity MSCI Materials Index ETF 0.3 8 61 8.0 +7.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 9.3 +8.6
IUSS Invesco Strategic US Small Company ETF 0.3 23 46 8.4 +7.7
ISMD Inspire Small/Mid Cap Impact ETF 0.2 61 8 9.1 +8.4
ISDX Invesco Strategic Developed ex-US ETF 0.2 23 46 9.6 +8.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 20 8.9 +8.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 30 6.0 +5.3
AVDE Avantis International Equity ETF 0.2 23 46 9.9 +9.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.2 29 40 14.8 +14.1
RNSC Small Cap US Equity Select ETF 0.2 60 9 9.0 +8.3
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.1 40 29 10.4 +9.7
IWM iShares Russell 2000 ETF 0.1 19 50 5.2 +4.5
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 56 4.4 +3.7
VTWO Vanguard Russell 2000 Index Fund 0.1 10 59 5.4 +4.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.1 59 10 10.9 +10.2
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 6.9 +6.3
VBR Vanguard Small Cap Value Index Fund 0.1 7 62 11.4 +10.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 60 7.5 +6.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 30 10.5 +9.8
VFLQ Vanguard U.S. Liquidity Factor ETF 0.1 13 56 5.1 +4.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 44 9.1 +8.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 30 11.4 +10.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 11 12.0 +11.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 30 8.3 +7.6
IWC iShares Micro-Cap ETF 0.1 60 9 -4.7 -5.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.1 6 63 7.4 +6.8
IDEV iShares Core MSCI International Developed Markets ETF 0.1 5 64 8.9 +8.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.1 24 45 10.4 +9.7
NUSC Nuveen ESG Small-Cap ETF 0.1 40 29 7.1 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.1 5 64 9.2 +8.5
IXUS ishares Core MSCI Total International Stock ETF 0.1 9 60 9.2 +8.6
VB Vanguard Small-Cap ETF 0.1 5 64 7.6 +7.0
VXF Vanguard Extended Market Index Fund 0.1 7 62 5.5 +4.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 63 6 8.4 +7.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 65 8.9 +8.2
VXUS Vanguard Total International Stock Index Fund 0.1 8 61 9.4 +8.7
VFVA Vanguard U.S. Value Factor ETF 0.0 13 56 15.6 +14.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.0 38 31 11.8 +11.2
HAP VanEck Vectors Natural Resources ETF 0.0 50 19 8.1 +7.4
IEUS iShares MSCI Europe Small-Cap ETF 0.0 40 29 8.8 +8.2
VSGX Vanguard ESG International Stock ETF 0.0 17 52 8.8 +8.2
AVUS Avantis U.S. Equity ETF 0.0 15 54 7.5 +6.9
VBK Vanguard Small-Cap Growth Index Fund 0.0 7 62 3.7 +3.0
VT Vanguard Total World Stock Index Fund 0.0 8 61 7.7 +7.1
SCZ iShares MSCI Eafe Small-Cap ETF 0.0 40 29 8.4 +7.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 48 4.1 +3.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 11.1 +10.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 6.6 +5.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 6.7 +6.0
VTI Vanguard Total Stock Market Index Fund 0.0 3 66 6.6 +5.9
VTHR Vanguard Russell 3000 Index Fund 0.0 10 59 6.6 +5.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.0 25 44 8.1 +7.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 12 57 6.6 +5.9
IWV iShares Russell 3000 ETF 0.0 20 49 6.5 +5.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 44 8.0 +7.3
VGK Vanguard FTSE Europe ETF 0.0 8 61 9.0 +8.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 62 8.9 +8.3

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
ETFMG Prime Junior Silver 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 1.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 0.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.49
 
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.