Themes Gold Miners ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.7x P/Sales
ratio		 4.3x
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) $21
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 29
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
DPM METALS INC 5.9 %
ENDEAVOUR MINING CORPORATION 5.0 %
ANGLOGOLD ASHANTI-SPON ADR 4.8 %
KINROSS GOLD CORP 4.5 %
NORTHERN STAR RESOURCES LTD 4.5 %
IAMGOLD CORP 4.4 %
AGNICO-EAGLE MINES LTD 4.4 %
ALAMOS GOLD INC. 4.3 %
LUNDIN GOLD INC. 4.1 %
OCEANAGOLD CORP 4.0 %
Total 46.0 %

TOP COUNTRY EXPOSURE
CANADA 55.6 %
AUSTRALIA 25.0 %
SOUTH AFRICA 10.3 %
BRITAIN 5.1 %
CHINA 3.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.4% 49.6% -- -- 52.0%

Market Correlations
versus... Beta R-squared
S&P500 1.71 19%
MSCI EAFE 1.86 33%
MSCI Emg. Mkts. 1.11 28%

Technical Indicators
Recent close $80.64
30d moving avg. $78.11
Annualized volatility 33.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.2%
Bid/Ask (% of price) 0.34%
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™: 3.7%


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
(%)
SGDM Sprott Gold Miners ETF 30.7 50 -15 3.3 -0.4
RING iShares MSCI Global Gold Miners ETF 25.0 39 -4 4.0 +0.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 23.7 60 -25 2.5 -1.2
AUAU Global X Gold Miners ETF 20.5 35 0 2.9 -0.7
GDX VanEck Gold Miners ETF 20.4 51 -16 3.3 -0.4
GDXJ VanEck Junior Gold Miners ETF 19.8 52 -17 3.3 -0.4
JIVE JPMorgan International Value ETF 15.9 55 -20 7.9 +4.2
SLVP iShares MSCI Global Silver Miners ETF 12.1 39 -4 4.6 +0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 11.8 70 -35 6.8 +3.1
AFK VanEck Africa Index ETF 9.3 98 -63 11.2 +7.5
SGDJ Sprott Junior Gold Miners ETF 8.0 50 -15 2.5 -1.2
ABLD Abacus FCF Real Assets Leaders ETF 5.8 69 -34 6.6 +2.9
NANR SPDR S&P North American Natural Resources ETF 5.6 35 0 6.4 +2.7
FXZ First Trust Materials AlphaDEX Fund 4.7 61 -26 6.8 +3.2
CGV Conductor Global Equity Value ETF 4.7 130 -95 7.7 +4.0
NDIV Amplify Natural Resources Dividend Income ETF 4.5 59 -24 11.7 +8.0
LIVR Intelligent Livermore ETF 4.4 69 -34 3.1 -0.6
EWC iShares MSCI Canada ETF 4.2 50 -15 5.0 +1.3
MXI iShares Global Materials ETF 4.1 41 -6 6.0 +2.3
CCNR ALPS CoreCommodity Natural Resources ETF 4.0 39 -4 8.3 +4.7
AVDV Avantis International Small Cap Value ETF 4.0 36 -1 7.7 +4.0
FLCA Franklin FTSE Canada ETF 3.9 9 26 5.4 +1.7
AADR AdvisorShares Dorsey Wright ADR ETF 3.8 110 -75 3.1 -0.6
GNR SPDR S&P Global Natural Resources ETF 3.7 40 -5 8.4 +4.7
FTWO Strive FAANG 2.0 ETF 3.6 49 -14 3.9 +0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 -30 7.8 +4.2
BBCA JPMorgan BetaBuilders Canada ETF 2.9 19 16 5.3 +1.6
ABEQ Absolute Select Value ETF 2.9 85 -50 4.4 +0.7
AVDS Avantis International Small Cap Equity ETF 2.7 30 5 5.9 +2.3
AZTD Aztlan Global Stock Selection DM SMID ETF 2.7 75 -40 4.0 +0.3
DSTX Distillate International Fundamental Stability & Value ETF 2.7 55 -20 6.3 +2.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.7 46 -11 7.9 +4.2
CBSE Clough Select Equity ETF 2.4 85 -50 0.4 -3.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 -4 1.1 -2.5
QVAL Alpha Architect US Quantitative Value ETF 1.9 39 -4 8.9 +5.2
AKAF The Frontier Economic Fund 1.9 20 15 5.2 +1.5
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 -14 7.5 +3.8
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 -24 8.1 +4.4
LST Leuthold Select Industries ETF 1.8 91 -56 4.6 +1.0
FLAU Franklin FTSE Australia ETF 1.8 9 26 5.6 +1.9
COLO Global X MSCI Colombia ETF 1.7 62 -27 14.2 +10.5
ABLG Abacus FCF International Leaders ETF 1.7 59 -24 6.5 +2.8
HAP VanEck Natural Resources ETF 1.7 50 -15 6.7 +3.1
AVIV Avantis International Large Cap Value ETF 1.6 25 10 6.7 +3.0
VIDI Vident International Equity Strategy ETF 1.6 61 -26 8.2 +4.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 27 6.3 +2.6
DFIS Dimensional International Small Cap ETF 1.5 39 -4 6.0 +2.4
ECML Euclidean Fundamental Value ETF 1.4 95 -60 8.4 +4.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 -15 5.5 +1.8
SCHC Schwab International Small-Cap Equity ETF 1.3 11 24 6.6 +2.9
EWA iShares MSCI Australia ETF 1.3 50 -15 5.1 +1.4
AVDE Avantis International Equity ETF 1.3 23 12 6.0 +2.4
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 10 5.0 +1.3
COWZ Pacer US Cash Cows 100 ETF 1.2 49 -14 7.3 +3.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.2 12 23 5.1 +1.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.1 80 -45 6.9 +3.2
YNOT Horizon Digital Frontier ETF 1.1 75 -40 2.5 -1.2
FRGN Horizon International Equity ETF 1.1 75 -40 7.7 +4.0
OAIM OneAscent International Equity ETF 1.0 95 -60 4.5 +0.8
GVLU Gotham 1000 Value ETF 1.0 50 -15 7.8 +4.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.0 19 16 5.1 +1.4
FIVA Fidelity International Value Factor ETF 1.0 18 17 7.0 +3.3
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.9 49 -14 4.5 +0.8
GWX SPDR S&P International Small Cap ETF 0.9 40 -5 5.9 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.9 39 -4 6.8 +3.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 5 4.6 +1.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 -5 6.0 +2.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -14 5.9 +2.3
EPP iShares MSCI Pacific ex-Japan ETF 0.8 47 -12 4.7 +1.1
DXIV Dimensional International Vector Equity ETF 0.8 34 1 6.5 +2.8
IQLT iShares MSCI Intl Quality Factor ETF 0.8 30 5 5.3 +1.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -45 7.5 +3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 5 6.3 +2.6
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 12 7.1 +3.5
IDEV iShares Core MSCI International Developed Markets ETF 0.8 4 31 5.8 +2.2
FEGE First Eagle Global Equity ETF 0.8 79 -44 5.8 +2.1
QINT American Century Quality Diversified International ETF 0.7 39 -4 6.4 +2.7
STXI Strive International Developed Markets ETF 0.7 29 6 6.3 +2.6
WSML iShares MSCI World Small-Cap ETF 0.7 15 20 5.2 +1.5
VEA Vanguard FTSE Developed Markets ETF 0.7 3 32 5.8 +2.1
VSGX Vanguard ESG International Stock ETF 0.7 10 25 6.4 +2.8
DFIC Dimensional International Core Equity 2 ETF 0.7 23 12 6.1 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 32 5.7 +2.0
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 -12 7.3 +3.6
AVSD Avantis Responsible International Equity ETF 0.7 23 12 5.7 +2.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 -4 6.6 +2.9
GPT Intelligent Alpha Atlas ETF 0.6 69 -34 6.1 +2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 -12 7.0 +3.3
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 -30 3.5 -0.2
FDEV Fidelity International Multifactor ETF 0.6 18 17 7.0 +3.4
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 13 4.9 +1.2
IGRO iShares International Dividend Growth ETF 0.6 15 20 6.5 +2.8
INTF iShares International Equity Factor ETF 0.6 15 20 6.3 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 -4 6.1 +2.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 -2 5.3 +1.6
PIEL Pacer International Export Leaders ETF 0.6 60 -25 4.0 +0.3
DIHP Dimensional International High Profitability ETF 0.6 29 6 5.6 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 11 5.5 +1.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.6 59 -24 6.9 +3.3
FRDM Freedom 100 Emerging Markets ETF 0.5 49 -14 5.4 +1.7
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 28 6.4 +2.8
SCHF Schwab International Equity ETF 0.5 6 29 5.8 +2.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 -6 4.8 +1.2
VXUS Vanguard Total International Stock ETF 0.5 5 30 6.5 +2.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -45 3.7 -0.0
CGGO Capital Group Global Growth Equity ETF 0.5 47 -12 3.9 +0.3
IPAC iShares Core MSCI Pacific ETF 0.5 9 26 5.3 +1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 10 5.9 +2.2
BKIE BNY Mellon International Equity ETF 0.5 4 31 17.4 +13.7
DFAI Dimensional International Core Equity Market ETF 0.5 18 17 5.9 +2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 -7 4.0 +0.3
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -71 9.6 +5.9
FPXI First Trust International Equity Opportunities ETF 0.4 70 -35 3.9 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 31 6.5 +2.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 -23 7.5 +3.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 1 6.2 +2.5
GINX SGI Enhanced Global Income ETF 0.4 98 -63 6.3 +2.7
FEOE First Eagle Overseas Equity ETF 0.4 79 -44 5.9 +2.2
WWJD Inspire International ETF 0.4 80 -45 6.1 +2.4
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -10 5.9 +2.2
DWMF WisdomTree International Multifactor Fund 0.4 38 -3 6.7 +3.1
VPL Vanguard FTSE Pacific ETF 0.4 7 28 5.1 +1.5
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 -9 7.5 +3.9
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 5 6.3 +2.6
AVEM Avantis Emerging Markets Equity ETF 0.4 33 2 7.0 +3.3
DISV Dimensional International Small Cap Value ETF 0.4 42 -7 7.9 +4.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.4 33 2 6.1 +2.4
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 25 5.8 +2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.3 +0.7
TPIF Timothy Plan International ETF 0.3 62 -27 5.4 +1.7
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -23 7.3 +3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 17 6.2 +2.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 -2 6.9 +3.2
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 5 7.8 +4.1
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -30 3.3 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 -6 5.8 +2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.3 33 2 6.6 +2.9
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 0 3.2 -0.4
AVES Avantis Emerging Markets Value ETF 0.3 36 -1 9.0 +5.3
IVSI Applied Finance IVS International Large ETF 0.3 65 -30 5.7 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -23 5.1 +1.5
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 10 4.4 +0.7
JGLO JPMorgan Global Select Equity ETF 0.3 33 2 4.1 +0.5
DFIV Dimensional International Value ETF 0.3 27 8 7.5 +3.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -7 5.5 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 -18 5.1 +1.4
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 0 7.0 +3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 6.9 +3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 -3 7.0 +3.3
KLMN Invesco MSCI North America Climate ETF 0.2 9 26 4.2 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 4.7 +1.1
JHMD John Hancock Multifactor Developed International ETF 0.2 39 -4 6.0 +2.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 6.8 +3.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 28 5.9 +2.2
VT Vanguard Total World Stock ETF 0.2 6 29 4.9 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -48 7.3 +3.6
BLES Inspire Global Hope ETF 0.2 61 -26 5.5 +1.8
DWM WisdomTree International Equity Fund 0.2 48 -13 5.4 +1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 5.5 +1.9
APIE ActivePassive International Equity ETF 0.2 45 -10 6.2 +2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 4.8 +1.1
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 3.7 -0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 15 4.6 +0.9
TOK iShares MSCI Kokusai ETF 0.2 26 9 4.2 +0.5
MCHI iShares MSCI China ETF 0.2 59 -24 20.0 +16.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 5.1 +1.5
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 6.6 +2.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 10 5.4 +1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -45 9.2 +5.5
URTH iShares MSCI World ETF 0.2 24 11 4.2 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 6 4.9 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 25 4.8 +1.1
FIDI Fidelity International High Dividend ETF 0.2 18 17 6.9 +3.3
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -24 2.2 -1.5
GLOF iShares Global Equity Factor ETF 0.2 20 15 5.4 +1.7
GEW Cambria Global EW ETF 0.2 29 6 5.2 +1.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 7.2 +3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 4.3 +0.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 6 6.8 +3.1
FLCH Franklin FTSE China ETF 0.2 19 16 17.8 +14.1
ACWI iShares MSCI ACWI ETF 0.1 32 3 4.5 +0.9
USEW Cambria US EW ETF 0.1 30 5 4.0 +0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 -10 6.6 +2.9
IQSI IQ Candriam International Equity ETF 0.1 15 20 5.4 +1.7
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 -5 3.8 +0.1
GXC SPDR S & P China ETF 0.1 59 -24 18.7 +15.0
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 6.2 +2.5
RVRB Reverb ETF 0.1 30 5 3.6 -0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 5.4 +1.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 10 10.4 +6.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 10 6.0 +2.3
BKF iShares MSCI BIC ETF 0.1 69 -34 14.4 +10.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.6 +1.9
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.0 +0.3
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 17 0.0 -3.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 0 4.1 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.4 +1.7
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -13 5.4 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.1 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.6 +2.0
EFA iShares MSCI EAFE ETF 0.1 35 0 5.5 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.0 +1.3
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 0 5.5 +1.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 11 5.6 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 1 5.1 +1.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 3.9 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 -14 7.5 +3.8
GXLC Global X U.S. 500 ETF 0.1 2 33 4.0 +0.3
ECON Columbia Emerging Markets Consumer ETF 0.1 49 -14 6.6 +2.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 5 7.9 +4.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 15 5.6 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 6.9 +3.2
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.3 +5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.5 +3.8
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 28 9.0 +5.3
EEM iShares MSCI Emerging Markets ETF 0.0 69 -34 7.8 +4.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -34 7.6 +3.9
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 26 8.2 +4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.5 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 16 7.1 +3.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 20 8.0 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 7.3 +3.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 4 5.2 +1.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 24 24.0 +20.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 8.8 +5.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 26 6.4 +2.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.5 +4.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 5.9 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.4 +5.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 7.5 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.5 +4.8
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.3 +2.7
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.2 +2.5
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.3 +2.6
FENI Fidelity Enhanced International ETF 0.0 28 7 5.6 +1.9

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 3.7 %
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.