Themes Gold Miners ETF
ALTAR
Score™		 2.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 22.0x P/Sales
ratio		 5.2x
P/BV
ratio		 4.0x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Gold Miners ETF seeks to provide investors with exposure to companies involved in the gold mining industry, aiming for capital appreciation and potential income through investments in gold-related securities.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/AUMI/
Inception date Dec 12, 2023
Assets (mns) $29
Currency USD
Expense ratio 35 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 25
Wgt avg mkt cap (mns) $16,988
Large cap (>$10bn) 29.5%
Mid cap ($2-10bn) 44.1%
Small cap (<$2bn) 26.4%
Developed mkts 83.4%
Emerging mkts 16.6%

TOP TEN HOLDINGS
IAMGOLD CORP 6.1 %
EQUINOX GOLD CORP. 5.5 %
ANGLOGOLD ASHANTI-SPON ADR 5.3 %
OCEANAGOLD CORP 5.2 %
ZHAOJIN MINING INDUSTRY - H 5.1 %
KINROSS GOLD CORP 5.0 %
ENDEAVOUR MINING CORPORATION 4.8 %
LUNDIN GOLD INC. 4.6 %
GOLD FIELDS LTD-SPONS ADR 4.6 %
ALAMOS GOLD INC. 4.6 %
Total 50.8 %

TOP COUNTRY EXPOSURE
CANADA 52.8 %
AUSTRALIA 27.2 %
SOUTH AFRICA 10.3 %
CHINA 5.1 %
BRITAIN 4.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.6% 144.6% -- -- 86.6%

Market Correlations
versus... Beta R-squared
S&P500 0.30 2%
MSCI EAFE 0.86 10%
MSCI Emg. Mkts. 0.86 12%

Technical Indicators
Recent close $96.73
30d moving avg. $99.65
Annualized volatility 33.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 11
Turnover 3.7%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $182

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 220 potential alternatives to the Themes Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with AUMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AUMI Expense: 35 bp ALTAR Score™: 2.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AUMI
Ticker Fund
Name		 Overlap1
vs AUMI
(%)		 Expense
ratio
(bp)		 Savings
vs AUMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AUMI
(%)
GOEX Global X Gold Explorers ETF 43.5 65 -30 1.6 -1.0
SGDM Sprott Gold Miners ETF 28.3 50 -15 2.2 -0.5
RING iShares MSCI Global Gold Miners ETF 23.9 39 -4 3.0 +0.3
GDX VanEck Gold Miners ETF 17.3 51 -16 2.6 -0.0
GDXJ VanEck Junior Gold Miners ETF 17.1 52 -17 2.5 -0.2
JIVE JPMorgan International Value ETF 14.1 55 -20 9.2 +6.6
SGDJ Sprott Junior Gold Miners ETF 13.4 50 -15 1.8 -0.9
SLVP iShares MSCI Global Silver Miners ETF 12.9 39 -4 3.3 +0.7
FFTY Innovator IBD 50 ETF 12.7 80 -45 -1.8 -4.5
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 11.2 60 -25 2.2 -0.4
CGV Conductor Global Equity Value ETF 8.6 130 -95 6.7 +4.1
NANR SPDR S&P North American Natural Resources ETF 7.2 35 0 6.5 +3.8
AFK VanEck Africa Index ETF 6.4 98 -63 11.4 +8.7
IMOM Alpha Architect International Quantitative Momentum ETF 5.8 49 -14 3.9 +1.3
EWC iShares MSCI Canada ETF 5.7 50 -15 5.3 +2.7
MXI iShares Global Materials ETF 5.6 41 -6 6.0 +3.3
GNR SPDR S&P Global Natural Resources ETF 5.6 40 -5 8.7 +6.0
AKAF The Frontier Economic Fund 5.4 20 15 5.4 +2.8
FTWO Strive FAANG 2.0 ETF 5.2 49 -14 3.6 +1.0
AZTD Aztlan Global Stock Selection DM SMID ETF 4.9 75 -40 5.3 +2.6
CCNR ALPS CoreCommodity Natural Resources ETF 4.8 39 -4 7.0 +4.4
FXZ First Trust Materials AlphaDEX Fund 4.7 61 -26 7.5 +4.9
GPT Intelligent Alpha Atlas ETF 4.7 69 -34 5.1 +2.5
LIVR Intelligent Livermore ETF 4.4 69 -34 3.0 +0.3
ABEQ Absolute Select Value ETF 4.3 85 -50 4.1 +1.4
FTRI First Trust Indxx Global Natural Resources Income ETF 4.2 70 -35 6.4 +3.8
AVDV Avantis International Small Cap Value ETF 4.2 36 -1 7.5 +4.8
AADR AdvisorShares Dorsey Wright ADR ETF 4.0 110 -75 4.0 +1.4
IVAL Alpha Architect International Quantitative Value ETF 3.9 49 -14 8.4 +5.7
FLCA Franklin FTSE Canada ETF 3.8 9 26 5.7 +3.1
DARP Grizzle Growth ETF 3.6 75 -40 2.1 -0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.5 46 -11 8.0 +5.3
VIDI Vident International Equity Strategy ETF 3.3 61 -26 8.9 +6.2
BBCA JPMorgan BetaBuilders Canada ETF 3.3 19 16 5.6 +3.0
MBOX Freedom Day Dividend ETF 3.3 39 -4 6.7 +4.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -45 7.0 +4.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.1 80 -45 3.4 +0.7
HYP Golden Eagle Dynamic Hypergrowth ETF 3.1 85 -50 -1.1 -3.8
LST Leuthold Select Industries ETF 3.0 91 -56 4.8 +2.1
AVDS Avantis International Small Cap Equity ETF 2.8 30 5 5.8 +3.2
ICPY Tweedy, Browne International Insider Value ETF 2.7 80 -45 9.7 +7.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 -35 3.3 +0.7
FDEV Fidelity International Multifactor ETF 2.4 18 17 6.5 +3.8
SCHC Schwab International Small-Cap Equity ETF 2.4 11 24 6.6 +4.0
CBSE Clough Select Equity ETF 2.4 85 -50 0.9 -1.7
DIVL Madison Dividend Value ETF 2.3 65 -30 4.6 +1.9
AVIV Avantis International Large Cap Value ETF 2.3 25 10 7.2 +4.6
IMTM iShares MSCI Intl Momentum Factor ETF 2.1 30 5 4.7 +2.1
COPY Tweedy, Browne Insider + Value ETF 2.0 80 -45 10.0 +7.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 -4 1.4 -1.3
FCA First Trust China AlphaDEX Fund 1.8 80 -45 8.3 +5.7
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 10 5.1 +2.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.8 8 27 6.4 +3.7
EWA iShares MSCI Australia ETF 1.7 50 -15 5.3 +2.6
DFIS Dimensional International Small Cap ETF 1.7 39 -4 6.1 +3.4
FPXI First Trust International Equity Opportunities ETF 1.6 70 -35 3.5 +0.9
FLAU Franklin FTSE Australia ETF 1.6 9 26 5.7 +3.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 23 5.2 +2.5
OAIM OneAscent International Equity ETF 1.5 95 -60 4.5 +1.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.5 80 -45 8.9 +6.3
DSTX Distillate International Fundamental Stability & Value ETF 1.5 55 -20 6.7 +4.0
AVDE Avantis International Equity ETF 1.4 23 12 6.2 +3.6
HAP VanEck Natural Resources ETF 1.3 50 -15 7.3 +4.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 -15 5.5 +2.8
FRDM Freedom 100 Emerging Markets ETF 1.3 49 -14 5.6 +3.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.3 19 16 4.9 +2.2
AVES Avantis Emerging Markets Value ETF 1.2 36 -1 9.3 +6.6
QINT American Century Quality Diversified International ETF 1.1 39 -4 6.1 +3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 -14 6.0 +3.3
EPP iShares MSCI Pacific ex-Japan ETF 1.1 47 -12 4.8 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 5 6.5 +3.8
FEGE First Eagle Global Equity ETF 1.0 79 -44 5.5 +2.9
ROE Astoria US Quality Kings ETF 1.0 49 -14 5.7 +3.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -55 4.4 +1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 -30 9.4 +6.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -45 7.7 +5.0
DISV Dimensional International Small Cap Value ETF 1.0 42 -7 7.7 +5.0
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 31 6.0 +3.4
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 -30 3.9 +1.2
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -14 6.9 +4.2
DXIV Dimensional International Vector Equity ETF 1.0 34 1 6.5 +3.8
IQLT iShares MSCI Intl Quality Factor ETF 0.9 30 5 5.4 +2.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 -6 5.2 +2.5
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 12 7.3 +4.6
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 13 5.1 +2.4
VSGX Vanguard ESG International Stock ETF 0.9 10 25 6.6 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.9 3 32 6.0 +3.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 -5 6.1 +3.5
GVLU Gotham 1000 Value ETF 0.9 50 -15 8.1 +5.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 32 5.9 +3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 -4 5.1 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 -4 5.6 +3.0
AVSD Avantis Responsible International Equity ETF 0.8 23 12 4.6 +1.9
STXI Strive International Developed Markets ETF 0.8 29 6 5.6 +3.0
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 -9 10.0 +7.3
DFIC Dimensional International Core Equity 2 ETF 0.7 23 12 6.2 +3.6
DIHP Dimensional International High Profitability ETF 0.7 29 6 5.7 +3.1
IGRO iShares International Dividend Growth ETF 0.7 15 20 6.2 +3.5
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 28 6.7 +4.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -45 10.1 +7.5
GWX SPDR S&P International Small Cap ETF 0.7 40 -5 5.8 +3.1
UIVM VictoryShares International Value Momentum ETF 0.7 35 0 7.2 +4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 -7 5.8 +3.1
SCHF Schwab International Equity ETF 0.7 6 29 6.1 +3.5
VXUS Vanguard Total International Stock ETF 0.7 5 30 6.7 +4.1
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 -2 5.3 +2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 -4 6.7 +4.0
TPIF Timothy Plan International ETF 0.6 62 -27 5.3 +2.6
IPAC iShares Core MSCI Pacific ETF 0.6 9 26 5.5 +2.9
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 11 5.4 +2.8
FEOE First Eagle Overseas Equity ETF 0.6 79 -44 5.8 +3.1
DFAI Dimensional International Core Equity Market ETF 0.6 18 17 6.0 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 1 6.4 +3.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 10 6.1 +3.5
BKIE BNY Mellon International Equity ETF 0.6 4 31 6.0 +3.3
VPL Vanguard FTSE Pacific ETF 0.5 7 28 5.6 +2.9
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 5 6.4 +3.8
AVEM Avantis Emerging Markets Equity ETF 0.5 33 2 7.1 +4.4
CGGO Capital Group Global Growth Equity ETF 0.5 47 -12 3.9 +1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 31 6.8 +4.1
YNOT Horizon Digital Frontier ETF 0.5 75 -40 2.8 +0.1
CIL VictoryShares International Volatility Wtd ETF 0.5 45 -10 5.6 +2.9
INTF iShares International Equity Factor ETF 0.5 15 20 6.5 +3.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.5 33 2 6.6 +4.0
WWJD Inspire International ETF 0.5 80 -45 6.3 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 -6 7.0 +4.3
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 25 5.8 +3.1
IVRA Invesco Real Assets ESG ETF 0.4 59 -24 5.9 +3.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 -18 5.9 +3.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 17 6.4 +3.7
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -30 3.7 +1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 -3 7.4 +4.7
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 0 7.3 +4.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -2 7.0 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -6 6.4 +3.7
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 0 3.8 +1.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 2 6.8 +4.2
JHMD John Hancock Multifactor Developed International ETF 0.4 39 -4 6.4 +3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 15 4.9 +2.2
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -7 6.0 +3.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 10 4.6 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -23 5.9 +3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 7.2 +4.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 -3 4.0 +1.3
KLMN Invesco MSCI North America Climate ETF 0.3 9 26 4.5 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.5 +1.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 10 7.9 +5.2
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 6.3 +3.6
APIE ActivePassive International Equity ETF 0.3 45 -10 6.4 +3.7
MCHI iShares MSCI China ETF 0.3 59 -24 16.1 +13.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 4.9 +2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -48 7.8 +5.1
BLES Inspire Global Hope ETF 0.3 61 -26 6.0 +3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 5.5 +2.8
VT Vanguard Total World Stock ETF 0.2 6 29 5.2 +2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 5.0 +2.3
TOK iShares MSCI Kokusai ETF 0.2 26 9 4.4 +1.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 28 6.0 +3.4
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 3.7 +1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 6.2 +3.5
URTH iShares MSCI World ETF 0.2 24 11 4.5 +1.8
FLCH Franklin FTSE China ETF 0.2 19 16 14.8 +12.1
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 25 5.0 +2.4
ACWI iShares MSCI ACWI ETF 0.2 32 3 4.8 +2.1
GEW Cambria Global EW ETF 0.2 29 6 5.4 +2.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 10 5.8 +3.2
GXC SPDR S & P China ETF 0.2 59 -24 14.9 +12.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 6.4 +3.7
DWM WisdomTree International Equity Fund 0.2 48 -13 6.2 +3.6
GLOF iShares Global Equity Factor ETF 0.2 20 15 6.0 +3.3
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 8.4 +5.7
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -23 7.1 +4.4
IQSI IQ Candriam International Equity ETF 0.2 15 20 5.6 +2.9
FENI Fidelity Enhanced International ETF 0.2 28 7 5.5 +2.8
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -23 6.2 +3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 4.6 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.2 40 -5 6.1 +3.4
BKF iShares MSCI BIC ETF 0.2 69 -34 12.0 +9.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 5.7 +3.0
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -13 5.9 +3.3
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.3 +1.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.7 +3.0
DFIV Dimensional International Value ETF 0.1 27 8 7.8 +5.1
ECON Columbia Emerging Markets Consumer ETF 0.1 49 -14 9.7 +7.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.8 +3.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.8 +3.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.4 +2.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 0 4.6 +1.9
EFA iShares MSCI EAFE ETF 0.1 35 0 5.7 +3.0
RVRB Reverb ETF 0.1 30 5 4.1 +1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 15 5.6 +2.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 11 6.2 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 -14 7.9 +5.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.1 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -35 7.2 +4.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 4.7 +2.1
GXLC Global X U.S. 500 ETF 0.1 2 33 4.3 +1.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 24 9.5 +6.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 1 4.8 +2.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 5 8.0 +5.3
EEM iShares MSCI Emerging Markets ETF 0.1 69 -34 8.0 +5.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.4 +4.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 5 7.4 +4.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.1 +6.4
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 26 8.4 +5.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 7.8 +5.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 7.6 +4.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 6.5 +3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 7.9 +5.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.4 +5.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 26 6.8 +4.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 5.3 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 -14 8.5 +5.8
DAK Dakota Active Equity ETF 0.0 43 -8 3.8 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 -10 8.3 +5.6
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.2 +6.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 7.3 +4.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 4 5.7 +3.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 8.1 +5.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 5.9 +3.3

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:		 Themes Gold 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 11.9 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.