Themes Gold Miners ETF
ALTAR
Score™		 2.8% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 21.6x P/Sales
ratio		 5.2x
P/BV
ratio		 4.0x Div.
yield		 0.9%


  • 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) $32
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 30
Wgt avg mkt cap (mns) $17,804
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
ALAMOS GOLD INC. 5.2 %
AGNICO-EAGLE MINES LTD 4.9 %
EQUINOX GOLD CORP. 4.8 %
ENDEAVOUR MINING CORPORATION 4.7 %
IAMGOLD CORP 4.7 %
OCEANAGOLD CORP 4.6 %
KINROSS GOLD CORP 4.6 %
DPM METALS INC 4.5 %
ANGLOGOLD ASHANTI-SPON ADR 4.4 %
LUNDIN GOLD INC. 4.4 %
Total 46.9 %

TOP COUNTRY EXPOSURE
CANADA 59.4 %
AUSTRALIA 21.5 %
SOUTH AFRICA 11.3 %
BRITAIN 5.2 %
CHINA 4.3 %






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.
32.9% 205.7% -- -- 103.0%

Market Correlations
versus... Beta R-squared
S&P500 0.33 2%
MSCI EAFE 0.95 11%
MSCI Emg. Mkts. 0.91 13%

Technical Indicators
Recent close $98.64
30d moving avg. $102.66
Annualized volatility 33.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.5%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $182

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 235 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™: 2.8%


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
(%)
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 33.1 60 -25 1.9 -0.9
SGDM Sprott Gold Miners ETF 31.9 50 -15 2.5 -0.3
RING iShares MSCI Global Gold Miners ETF 25.2 39 -4 3.0 +0.3
AUAU Global X Gold Miners ETF 20.5 35 0 2.2 -0.5
GDXJ VanEck Junior Gold Miners ETF 19.9 52 -17 2.5 -0.3
GDX VanEck Gold Miners ETF 17.5 51 -16 2.5 -0.3
FFTY Innovator IBD 50 ETF 16.5 80 -45 0.0 -2.7
SGDJ Sprott Junior Gold Miners ETF 15.8 50 -15 2.0 -0.8
ABLD Abacus FCF Real Assets Leaders ETF 14.9 69 -34 6.3 +3.5
SLVP iShares MSCI Global Silver Miners ETF 13.4 39 -4 3.6 +0.9
JIVE JPMorgan International Value ETF 12.1 55 -20 8.7 +5.9
CGV Conductor Global Equity Value ETF 8.5 130 -95 7.7 +4.9
NANR SPDR S&P North American Natural Resources ETF 6.9 35 0 6.0 +3.3
AFK VanEck Africa Index ETF 6.2 98 -63 11.1 +8.3
EWC iShares MSCI Canada ETF 5.9 50 -15 5.3 +2.5
MXI iShares Global Materials ETF 5.7 41 -6 6.0 +3.2
IMOM Alpha Architect International Quantitative Momentum ETF 5.5 49 -14 4.4 +1.6
GPT Intelligent Alpha Atlas ETF 5.1 69 -34 6.5 +3.7
ABEQ Absolute Select Value ETF 4.9 85 -50 4.3 +1.6
GNR SPDR S&P Global Natural Resources ETF 4.7 40 -5 8.0 +5.3
AVDV Avantis International Small Cap Value ETF 4.7 36 -1 8.0 +5.2
FXZ First Trust Materials AlphaDEX Fund 4.4 61 -26 7.0 +4.2
FTWO Strive FAANG 2.0 ETF 4.4 49 -14 3.7 +0.9
LIVR Intelligent Livermore ETF 4.4 69 -34 2.9 +0.1
AADR AdvisorShares Dorsey Wright ADR ETF 4.0 110 -75 2.9 +0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 3.9 75 -40 4.4 +1.7
FTRI First Trust Indxx Global Natural Resources Income ETF 3.8 70 -35 6.1 +3.4
FLCA Franklin FTSE Canada ETF 3.8 9 26 5.7 +2.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.5 46 -11 7.2 +4.5
BBCA JPMorgan BetaBuilders Canada ETF 3.3 19 16 5.6 +2.8
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 -4 8.0 +5.2
AVDS Avantis International Small Cap Equity ETF 3.3 30 5 6.2 +3.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -45 7.1 +4.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.1 80 -45 3.7 +1.0
HYP Golden Eagle Dynamic Hypergrowth ETF 3.1 85 -50 -0.8 -3.5
DARP Grizzle Growth ETF 3.0 75 -40 1.9 -0.8
LST Leuthold Select Industries ETF 2.9 91 -56 5.3 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 -35 4.1 +1.4
SCHC Schwab International Small-Cap Equity ETF 2.7 11 24 6.8 +4.0
FDEV Fidelity International Multifactor ETF 2.4 18 17 7.1 +4.4
DIVL Madison Dividend Value ETF 2.4 65 -30 4.8 +2.0
ABLG Abacus FCF International Leaders ETF 2.4 59 -24 6.6 +3.8
CBSE Clough Select Equity ETF 2.4 85 -50 0.5 -2.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.3 8 27 6.5 +3.8
IMTM iShares MSCI Intl Momentum Factor ETF 2.3 30 5 4.9 +2.1
AKAF The Frontier Economic Fund 2.3 20 15 5.2 +2.5
AVIV Avantis International Large Cap Value ETF 2.3 25 10 7.1 +4.3
VIDI Vident International Equity Strategy ETF 2.2 61 -26 8.7 +6.0
COLO Global X MSCI Colombia ETF 2.1 62 -27 15.9 +13.1
MBOX Freedom Day Dividend ETF 2.1 39 -4 7.2 +4.5
DFIS Dimensional International Small Cap ETF 1.9 39 -4 6.3 +3.6
FPXI First Trust International Equity Opportunities ETF 1.8 70 -35 4.3 +1.6
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 10 5.4 +2.6
IVAL Alpha Architect International Quantitative Value ETF 1.8 49 -14 7.8 +5.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 -45 9.3 +6.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.7 39 -4 1.2 -1.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.6 12 23 5.5 +2.8
FLAU Franklin FTSE Australia ETF 1.6 9 26 5.9 +3.2
QVAL Alpha Architect US Quantitative Value ETF 1.6 39 -4 9.7 +7.0
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 -20 6.7 +3.9
AVDE Avantis International Equity ETF 1.5 23 12 6.4 +3.6
OAIM OneAscent International Equity ETF 1.5 95 -60 4.9 +2.1
EWA iShares MSCI Australia ETF 1.5 50 -15 5.4 +2.6
FRGN Horizon International Equity ETF 1.4 75 -40 8.6 +5.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 -15 5.8 +3.0
FCA First Trust China AlphaDEX Fund 1.3 80 -45 7.1 +4.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.3 19 16 5.4 +2.7
AVES Avantis Emerging Markets Value ETF 1.2 36 -1 9.5 +6.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 -14 6.2 +3.4
FEGE First Eagle Global Equity ETF 1.1 79 -44 6.2 +3.5
HAP VanEck Natural Resources ETF 1.1 50 -15 6.5 +3.7
QINT American Century Quality Diversified International ETF 1.1 39 -4 6.8 +4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 5 6.7 +3.9
ROE Astoria US Quality Kings ETF 1.1 49 -14 5.9 +3.1
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -30 4.1 +1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 -4 7.2 +4.4
IDEV iShares Core MSCI International Developed Markets ETF 1.1 4 31 6.2 +3.5
ISCF iShares International SmallCap Equity Factor ETF 1.1 23 12 7.4 +4.6
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 -5 6.4 +3.6
DXIV Dimensional International Vector Equity ETF 1.0 34 1 6.7 +4.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -55 4.4 +1.7
GWX SPDR S&P International Small Cap ETF 1.0 40 -5 6.1 +3.3
IQLT iShares MSCI Intl Quality Factor ETF 1.0 30 5 5.6 +2.9
WSML iShares MSCI World Small-Cap ETF 1.0 15 20 5.7 +2.9
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -14 6.7 +3.9
VSGX Vanguard ESG International Stock ETF 0.9 10 25 7.1 +4.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.9 65 -30 7.9 +5.1
EPP iShares MSCI Pacific ex-Japan ETF 0.9 47 -12 5.0 +2.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -45 8.0 +5.2
VEA Vanguard FTSE Developed Markets ETF 0.9 3 32 6.3 +3.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 -24 7.6 +4.9
FRDM Freedom 100 Emerging Markets ETF 0.9 49 -14 6.4 +3.6
PIEL Pacer International Export Leaders ETF 0.9 60 -25 4.6 +1.8
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 13 5.1 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 32 6.2 +3.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 -6 5.5 +2.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 -4 7.0 +4.2
STXI Strive International Developed Markets ETF 0.8 29 6 6.2 +3.4
IXUS iShares Core MSCI Total International Stock ETF 0.8 7 28 6.9 +4.2
DIHP Dimensional International High Profitability ETF 0.8 29 6 5.9 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 -4 6.3 +3.6
AVSD Avantis Responsible International Equity ETF 0.8 23 12 6.2 +3.5
IGRO iShares International Dividend Growth ETF 0.8 15 20 6.9 +4.1
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 -9 8.4 +5.6
DFIC Dimensional International Core Equity 2 ETF 0.7 23 12 6.4 +3.6
VXUS Vanguard Total International Stock ETF 0.7 5 30 7.0 +4.2
UIVM VictoryShares International Value Momentum ETF 0.7 35 0 8.4 +5.7
SCHF Schwab International Equity ETF 0.7 6 29 6.3 +3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 -7 4.3 +1.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 -2 5.7 +2.9
DISV Dimensional International Small Cap Value ETF 0.6 42 -7 8.4 +5.6
TPIF Timothy Plan International ETF 0.6 62 -27 5.6 +2.9
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 11 5.8 +3.1
FEOE First Eagle Overseas Equity ETF 0.6 79 -44 6.3 +3.6
IPAC iShares Core MSCI Pacific ETF 0.6 9 26 5.7 +3.0
YNOT Horizon Digital Frontier ETF 0.6 75 -40 3.0 +0.2
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -45 9.2 +6.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 1 6.7 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 10 6.3 +3.6
DFAI Dimensional International Core Equity Market ETF 0.6 18 17 6.2 +3.4
BKIE BNY Mellon International Equity ETF 0.6 4 31 6.2 +3.5
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 5 6.8 +4.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 31 7.1 +4.4
CGGO Capital Group Global Growth Equity ETF 0.5 47 -12 4.6 +1.9
AVEM Avantis Emerging Markets Equity ETF 0.5 33 2 7.8 +5.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.5 58 -23 7.7 +5.0
CIL VictoryShares International Volatility Wtd ETF 0.5 45 -10 5.8 +3.0
INTF iShares International Equity Factor ETF 0.5 15 20 6.6 +3.9
VPL Vanguard FTSE Pacific ETF 0.5 7 28 5.8 +3.0
WWJD Inspire International ETF 0.5 80 -45 6.5 +3.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.5 33 2 7.0 +4.3
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 -30 3.9 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 -6 7.5 +4.8
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 25 6.2 +3.5
IVRA Invesco Real Assets ESG ETF 0.4 59 -24 6.2 +3.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 17 6.7 +4.0
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 0 3.8 +1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -2 7.2 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -6 6.4 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 -18 5.9 +3.2
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -23 7.6 +4.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 15 5.1 +2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 2 7.5 +4.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 -3 7.7 +5.0
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 0 7.7 +5.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 -7 5.9 +3.1
JHMD John Hancock Multifactor Developed International ETF 0.4 39 -4 6.3 +3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.8 +2.0
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 10 4.9 +2.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -23 5.5 +2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 7.1 +4.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 -3 4.2 +1.4
KLMN Invesco MSCI North America Climate ETF 0.3 9 26 4.7 +1.9
GVLU Gotham 1000 Value ETF 0.3 50 -15 8.4 +5.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 10 7.8 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 5.2 +2.5
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 6.6 +3.9
APIE ActivePassive International Equity ETF 0.3 45 -10 6.7 +4.0
VT Vanguard Total World Stock ETF 0.3 6 29 5.4 +2.7
IVSI Applied Finance IVS International LrgETF 0.3 65 -30 6.3 +3.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -48 7.9 +5.1
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 -7 7.0 +4.3
BLES Inspire Global Hope ETF 0.3 61 -26 6.1 +3.3
MCHI iShares MSCI China ETF 0.2 59 -24 19.4 +16.6
TOK iShares MSCI Kokusai ETF 0.2 26 9 4.6 +1.9
IEFA iShares Core MSCI EAFE ETF 0.2 7 28 6.3 +3.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 5.6 +2.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 5.8 +3.0
GEW Cambria Global EW ETF 0.2 29 6 5.7 +2.9
URTH iShares MSCI World ETF 0.2 24 11 4.7 +1.9
DWM WisdomTree International Equity Fund 0.2 48 -13 5.8 +3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 7.0 +4.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 5.2 +2.5
ACWI iShares MSCI ACWI ETF 0.2 32 3 5.1 +2.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 4.0 +1.2
FLCH Franklin FTSE China ETF 0.2 19 16 17.2 +14.4
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 25 5.4 +2.6
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 8.3 +5.6
USEW Cambria US EW ETF 0.2 30 5 4.4 +1.7
MNZL Manzil Russell Halal USA Broad MarketETF 0.2 40 -5 4.3 +1.5
GXC SPDR S & P China ETF 0.2 59 -24 18.1 +15.3
GLOF iShares Global Equity Factor ETF 0.2 20 15 6.0 +3.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 10 6.8 +4.0
IQSI IQ Candriam International Equity ETF 0.2 15 20 5.8 +3.0
FENI Fidelity Enhanced International ETF 0.2 28 7 6.0 +3.3
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -23 6.4 +3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 4.7 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.2 40 -5 6.9 +4.1
BKF iShares MSCI BIC ETF 0.1 69 -34 14.1 +11.3
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -13 6.0 +3.2
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.4 +1.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 5.9 +3.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 6.0 +3.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 0 4.7 +1.9
RVRB Reverb ETF 0.1 30 5 4.3 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.5 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 6.1 +3.3
ECON Columbia Emerging Markets Consumer ETF 0.1 49 -14 7.7 +4.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.8 +3.1
DFIV Dimensional International Value ETF 0.1 27 8 7.9 +5.2
EFA iShares MSCI EAFE ETF 0.1 35 0 5.9 +3.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 15 5.7 +3.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 11 6.0 +3.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 -14 8.7 +5.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.3 +2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 4.5 +1.8
GXLC Global X U.S. 500 ETF 0.1 2 33 4.4 +1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 1 5.4 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -35 7.9 +5.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 5 9.0 +6.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 8.1 +5.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 24 10.0 +7.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 -34 8.8 +6.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 5.7 +2.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 26 6.8 +4.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 8.8 +6.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 8.0 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 9.8 +7.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 8.5 +5.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.9 +6.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 5 8.4 +5.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.7 +6.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 26 9.0 +6.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 9.5 +6.7
DAK Dakota Active Equity ETF 0.0 43 -8 4.0 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 -10 9.0 +6.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 10.0 +7.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 4 5.8 +3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 9.3 +6.5
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.6 +3.8
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 17 0.0 -2.8
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.8 +4.0
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.7 +3.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 8.3 +5.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 6.2 +3.4

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 12.0 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 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.