Themes Gold Miners ETF
ALTAR
Score™		 3.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.5x P/Sales
ratio		 4.2x
P/BV
ratio		 3.3x Div.
yield		 1.1%


  • 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) $26
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
ENDEAVOUR MINING CORPORATION 5.6 %
ALAMOS GOLD INC. 5.0 %
KINROSS GOLD CORP 4.9 %
ANGLOGOLD ASHANTI-SPON ADR 4.9 %
EQUINOX GOLD CORP. 4.8 %
AGNICO-EAGLE MINES LTD 4.7 %
IAMGOLD CORP 4.6 %
DPM METALS INC 4.5 %
OCEANAGOLD CORP 4.3 %
LUNDIN GOLD INC. 4.2 %
Total 47.6 %

TOP COUNTRY EXPOSURE
CANADA 57.9 %
AUSTRALIA 22.1 %
SOUTH AFRICA 10.9 %
BRITAIN 5.6 %
CHINA 2.9 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.0% 68.3% -- -- 68.3%

Market Correlations
versus... Beta R-squared
S&P500 1.43 12%
MSCI EAFE 1.58 24%
MSCI Emg. Mkts. 1.22 25%

Technical Indicators
Recent close $79.95
30d moving avg. $92.24
Annualized volatility 33.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.9%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $182

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 239 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™: 3.6%


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
(%)
SGDM Sprott Gold Miners ETF 32.1 50 -15 3.1 -0.5
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 30.8 60 -25 2.4 -1.2
RING iShares MSCI Global Gold Miners ETF 26.1 39 -4 3.8 +0.2
GDX VanEck Gold Miners ETF 20.3 51 -16 3.2 -0.4
AUAU Global X Gold Miners ETF 19.5 35 0 2.8 -0.8
GDXJ VanEck Junior Gold Miners ETF 18.2 52 -17 3.2 -0.4
ABLD Abacus FCF Real Assets Leaders ETF 14.0 69 -34 6.7 +3.1
SLVP iShares MSCI Global Silver Miners ETF 12.3 39 -4 4.4 +0.8
JIVE JPMorgan International Value ETF 12.3 55 -20 8.4 +4.8
NANR SPDR S&P North American Natural Resources ETF 7.8 35 0 6.4 +2.8
SGDJ Sprott Junior Gold Miners ETF 7.4 50 -15 2.4 -1.2
AFK VanEck Africa Index ETF 7.0 98 -63 11.2 +7.6
CGV Conductor Global Equity Value ETF 6.8 130 -95 7.7 +4.1
EWC iShares MSCI Canada ETF 5.0 50 -15 5.1 +1.5
MXI iShares Global Materials ETF 4.7 41 -6 6.0 +2.4
NDIV Amplify Natural Resources Dividend Income ETF 4.4 59 -24 11.5 +7.9
LIVR Intelligent Livermore ETF 4.4 69 -34 3.0 -0.6
FLCA Franklin FTSE Canada ETF 4.4 9 26 5.5 +1.9
FXZ First Trust Materials AlphaDEX Fund 4.4 61 -26 6.6 +3.0
GNR SPDR S&P Global Natural Resources ETF 4.2 40 -5 8.6 +5.0
FTWO Strive FAANG 2.0 ETF 4.1 49 -14 4.0 +0.4
AADR AdvisorShares Dorsey Wright ADR ETF 4.1 110 -75 3.1 -0.5
AVDV Avantis International Small Cap Value ETF 4.0 36 -1 7.7 +4.1
ABEQ Absolute Select Value ETF 3.8 85 -50 4.5 +0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 3.8 70 -35 6.7 +3.1
AZTD Aztlan Global Stock Selection DM SMID ETF 3.6 75 -40 4.1 +0.5
CCNR ALPS CoreCommodity Natural Resources ETF 3.6 39 -4 8.1 +4.5
BBCA JPMorgan BetaBuilders Canada ETF 3.3 19 16 5.4 +1.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.1 80 -45 3.6 -0.0
HYP Golden Eagle Dynamic Hypergrowth ETF 3.1 85 -50 -0.8 -4.4
AVDS Avantis International Small Cap Equity ETF 3.1 30 5 6.0 +2.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.8 46 -11 7.8 +4.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 -35 3.8 +0.2
CBSE Clough Select Equity ETF 2.4 85 -50 0.3 -3.3
LST Leuthold Select Industries ETF 2.3 91 -56 4.7 +1.1
COLO Global X MSCI Colombia ETF 2.2 62 -27 16.2 +12.6
DIVL Madison Dividend Value ETF 2.1 65 -30 4.8 +1.2
DSTX Distillate International Fundamental Stability & Value ETF 2.1 55 -20 6.7 +3.1
AKAF The Frontier Economic Fund 2.0 20 15 5.2 +1.6
FPXI First Trust International Equity Opportunities ETF 2.0 70 -35 3.7 +0.1
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 -4 9.4 +5.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 -4 1.1 -2.5
ABLG Abacus FCF International Leaders ETF 1.9 59 -24 6.4 +2.8
AVIV Avantis International Large Cap Value ETF 1.9 25 10 7.0 +3.4
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 -14 7.7 +4.1
FLAU Franklin FTSE Australia ETF 1.8 9 26 6.0 +2.4
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 10 5.3 +1.7
VIDI Vident International Equity Strategy ETF 1.8 61 -26 8.1 +4.5
HAP VanEck Natural Resources ETF 1.7 50 -15 6.8 +3.2
DFIS Dimensional International Small Cap ETF 1.7 39 -4 6.1 +2.5
MBOX Freedom Day Dividend ETF 1.7 39 -4 6.7 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.7 8 27 6.3 +2.7
SCHC Schwab International Small-Cap Equity ETF 1.5 11 24 6.7 +3.1
IMTM iShares MSCI Intl Momentum Factor ETF 1.5 30 5 4.7 +1.1
AVDE Avantis International Equity ETF 1.4 23 12 6.2 +2.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 23 5.3 +1.7
OAIM OneAscent International Equity ETF 1.4 95 -60 4.7 +1.1
FRGN Horizon International Equity ETF 1.3 75 -40 7.8 +4.2
EWA iShares MSCI Australia ETF 1.3 50 -15 5.4 +1.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.3 80 -45 6.7 +3.1
YNOT Horizon Digital Frontier ETF 1.3 75 -40 2.5 -1.1
FIVA Fidelity International Value Factor ETF 1.2 18 17 7.3 +3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 -14 6.1 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 -4 7.0 +3.4
GVLU Gotham 1000 Value ETF 1.0 50 -15 8.3 +4.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -55 3.7 +0.1
QINT American Century Quality Diversified International ETF 1.0 39 -4 6.6 +3.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.0 19 16 5.5 +1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.0 50 -15 5.7 +2.1
FEGE First Eagle Global Equity ETF 1.0 79 -44 6.1 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 31 6.0 +2.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 -5 6.1 +2.5
FCA First Trust China AlphaDEX Fund 0.9 80 -45 7.5 +3.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 5 6.4 +2.8
GWX SPDR S&P International Small Cap ETF 0.9 40 -5 5.9 +2.3
WSML iShares MSCI World Small-Cap ETF 0.9 15 20 5.3 +1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.9 65 -30 7.8 +4.2
DXIV Dimensional International Vector Equity ETF 0.9 34 1 6.6 +3.0
IQLT iShares MSCI Intl Quality Factor ETF 0.8 30 5 5.5 +1.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 -24 7.4 +3.8
ROE Astoria US Quality Kings ETF 0.8 49 -14 5.2 +1.6
VEA Vanguard FTSE Developed Markets ETF 0.8 3 32 6.0 +2.4
GPT Intelligent Alpha Atlas ETF 0.8 69 -34 6.1 +2.5
VSGX Vanguard ESG International Stock ETF 0.8 10 25 6.6 +3.0
EPP iShares MSCI Pacific ex-Japan ETF 0.8 47 -12 5.1 +1.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -45 6.9 +3.3
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 12 7.3 +3.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 -6 4.8 +1.2
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 13 5.0 +1.4
CGGO Capital Group Global Growth Equity ETF 0.8 47 -12 4.1 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 32 5.8 +2.2
UMMA Wahed Dow Jones Islamic World ETF 0.8 65 -30 3.5 -0.1
PIEL Pacer International Export Leaders ETF 0.7 60 -25 4.1 +0.5
AVES Avantis Emerging Markets Value ETF 0.7 36 -1 8.9 +5.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 -4 6.8 +3.2
STXI Strive International Developed Markets ETF 0.7 29 6 6.2 +2.6
DFIC Dimensional International Core Equity 2 ETF 0.7 23 12 6.3 +2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 -4 6.2 +2.6
FDEV Fidelity International Multifactor ETF 0.7 18 17 7.3 +3.7
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 -2 5.4 +1.8
DIHP Dimensional International High Profitability ETF 0.7 29 6 5.8 +2.2
SCHF Schwab International Equity ETF 0.7 6 29 6.0 +2.4
PPIE Putnam PanAgora ESG International Equity ETF 0.7 49 -14 6.2 +2.6
AVSD Avantis Responsible International Equity ETF 0.7 23 12 6.0 +2.4
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 28 6.6 +3.0
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 11 5.7 +2.1
VXUS Vanguard Total International Stock ETF 0.6 5 30 6.7 +3.1
FRDM Freedom 100 Emerging Markets ETF 0.6 49 -14 5.3 +1.7
INTF iShares International Equity Factor ETF 0.6 15 20 6.5 +2.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 -23 7.6 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 10 6.2 +2.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 -7 4.1 +0.5
BKIE BNY Mellon International Equity ETF 0.5 4 31 6.0 +2.4
IGRO iShares International Dividend Growth ETF 0.5 15 20 6.8 +3.2
IPAC iShares Core MSCI Pacific ETF 0.5 9 26 5.5 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 31 6.7 +3.1
DFAI Dimensional International Core Equity Market ETF 0.5 18 17 6.1 +2.5
FEOE First Eagle Overseas Equity ETF 0.5 79 -44 6.2 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 1 6.4 +2.8
WWJD Inspire International ETF 0.5 80 -45 6.4 +2.8
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 5 6.5 +2.9
IVRA Invesco Real Assets ESG ETF 0.4 59 -24 6.2 +2.6
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -10 5.8 +2.2
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 -9 7.5 +3.9
IQDF FlexShares International Quality Dividend Index Fund 0.4 47 -12 7.6 +4.0
AVEM Avantis Emerging Markets Equity ETF 0.4 33 2 7.0 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -6 6.0 +2.4
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -23 7.5 +3.9
VPL Vanguard FTSE Pacific ETF 0.4 7 28 5.3 +1.7
TPIF Timothy Plan International ETF 0.4 62 -27 5.6 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 17 6.4 +2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.4 33 2 6.1 +2.5
GINX SGI Enhanced Global Income ETF 0.4 98 -63 6.7 +3.1
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -30 3.4 -0.2
DISV Dimensional International Small Cap Value ETF 0.4 42 -7 8.1 +4.5
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 25 6.1 +2.5
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 0 3.3 -0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 -6 6.9 +3.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 10 4.5 +0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.3 33 2 6.6 +3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 -2 7.2 +3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 6.8 +3.2
KLMN Invesco MSCI North America Climate ETF 0.3 9 26 4.3 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 15 4.7 +1.1
JGLO JPMorgan Global Select Equity ETF 0.3 33 2 4.3 +0.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 -18 5.1 +1.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -23 5.4 +1.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -7 5.8 +2.2
IVSI Applied Finance IVS International Large ETF 0.3 65 -30 6.1 +2.5
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 0 7.0 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 -3 7.0 +3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.4 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -48 7.8 +4.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 10 5.5 +1.9
APIE ActivePassive International Equity ETF 0.2 45 -10 6.4 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 4.9 +1.3
DFIV Dimensional International Value ETF 0.2 27 8 7.8 +4.2
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 6.7 +3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 6.9 +3.3
VT Vanguard Total World Stock ETF 0.2 6 29 5.0 +1.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -45 9.3 +5.7
BLES Inspire Global Hope ETF 0.2 61 -26 5.7 +2.1
DWM WisdomTree International Equity Fund 0.2 48 -13 5.7 +2.1
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 25 5.0 +1.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 28 6.1 +2.5
TOK iShares MSCI Kokusai ETF 0.2 26 9 4.3 +0.7
FLCH Franklin FTSE China ETF 0.2 19 16 18.0 +14.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 7.4 +3.8
GEW Cambria Global EW ETF 0.2 29 6 5.4 +1.8
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -24 2.1 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 5.3 +1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 5.7 +2.1
URTH iShares MSCI World ETF 0.2 24 11 4.3 +0.7
MCHI iShares MSCI China ETF 0.2 59 -24 20.2 +16.6
FIDI Fidelity International High Dividend ETF 0.2 18 17 7.3 +3.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 4.9 +1.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 3.8 +0.2
ACWI iShares MSCI ACWI ETF 0.2 32 3 4.6 +1.0
USEW Cambria US EW ETF 0.2 30 5 4.1 +0.5
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 8.1 +4.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 4.4 +0.8
GLOF iShares Global Equity Factor ETF 0.2 20 15 5.6 +2.0
MNZL Manzil Russell Halal USA Broad MarketETF 0.2 40 -5 3.7 +0.1
JHMD John Hancock Multifactor Developed International ETF 0.2 39 -4 6.2 +2.6
IQSI IQ Candriam International Equity ETF 0.2 15 20 5.6 +2.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 10 10.4 +6.8
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 6.4 +2.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -5 6.3 +2.7
GXC SPDR S & P China ETF 0.1 59 -24 18.6 +15.0
RVRB Reverb ETF 0.1 30 5 3.8 +0.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 0 4.3 +0.7
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.2 +0.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 5.7 +2.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 10 6.2 +2.6
BKF iShares MSCI BIC ETF 0.1 69 -34 14.9 +11.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.8 +2.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.4 +1.8
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -13 5.7 +2.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.9 +2.3
ECON Columbia Emerging Markets Consumer ETF 0.1 49 -14 6.6 +3.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.7 +2.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 4.0 +0.4
EFA iShares MSCI EAFE ETF 0.1 35 0 5.8 +2.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.2 +1.6
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 0 5.8 +2.2
GXLC Global X U.S. 500 ETF 0.1 2 33 4.1 +0.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 11 5.9 +2.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 1 5.2 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 15 5.7 +2.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 -14 7.5 +3.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 5.7 +2.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 26 6.6 +3.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 7.9 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 7.2 +3.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 8.8 +5.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.1 +3.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 8.1 +4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 7.6 +4.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.0 +4.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.5 +5.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 5 8.0 +4.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 6.9 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 7.5 +3.9
DAK Dakota Active Equity ETF 0.0 43 -8 3.7 +0.1
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 28 9.2 +5.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 -34 7.8 +4.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -34 7.4 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.6 +4.0
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 26 8.2 +4.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 4 5.6 +2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.6 +5.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.6 +5.0
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.6 +3.0
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 17 0.0 -3.6
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.4 +2.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.5 +5.9
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.5 +2.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 6.2 +2.6
FENI Fidelity Enhanced International ETF 0.0 28 7 5.8 +2.2

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 3.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.6 %
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.