VanEck Brazil Small-Cap ETF
ALTAR
Score™		 11.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 0.7x
P/BV
ratio		 0.9x Div.
yield		 2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Brazil Small-Cap ETF objective is replicate as closely as possible the price and yield performance of the VanEck Vectors Brazil Small-Cap Index. The Fund invests in in securitie

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date May 12, 2009
Assets (mns) $22
Currency USD
Expense ratio 66 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 93
Wgt avg mkt cap (mns) $1,101
Large cap (>$10bn) 1.9%
Mid cap ($2-10bn) 3.0%
Small cap (<$2bn) 87.3%
Developed mkts 9.6%
Emerging mkts 90.4%

TOP TEN HOLDINGS
ALUPAR INVESTIMENTO SA-UNIT 3.9 %
BRAVA ENERGIA 3.2 %
CYRELA BRAZIL REALTY 3.1 %
CIA DE SANEAMENTO DO PARANA SA - S 3.0 %
USINAS SIDER MINAS GER-PF A 2.9 %
SIGMA LITHIUM CORPORATION 2.8 %
AREZZO INDUSTRIA E COMERCIO 2.8 %
CURY CONSTRUTORA E INCORPORADORA S 2.8 %
ITURAN LOCATION AND CONTROL 2.6 %
MARCOPOLO SA-PREF 2.6 %
Total 29.7 %

TOP COUNTRY EXPOSURE
BRAZIL 80.7 %
CANADA 2.8 %
ISRAEL 2.6 %
UNITED STATES 2.2 %
URUGUAY 2.1 %
AUSTRALIA 1.7 %
BRITAIN 0.5 %
LUXEMBOURG 0.4 %



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.
9.9% 29.1% -1.2% 7.6% 2.2%

Market Correlations
versus... Beta R-squared
S&P500 1.27 28%
MSCI EAFE 1.20 41%
MSCI Emg. Mkts. 0.88 38%

Technical Indicators
Recent close $16.54
30d moving avg. $18.11
Annualized volatility 29.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.6%
Bid/Ask (% of price) 0.85%
ADV underlying (mns) $378

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 208 potential alternatives to the VanEck Brazil Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with BRF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BRF Expense: 66 bp ALTAR Score™: 11.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BRF
Ticker Fund
Name		 Overlap1
vs BRF
(%)		 Expense
ratio
(bp)		 Savings
vs BRF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BRF
(%)
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 9.4 80 -14 12.2 +0.7
SDIV Global X Superdividend ETF 8.7 58 8 13.8 +2.3
JIVE JPMorgan International Value ETF 6.6 55 11 8.4 -3.1
DVYE iShares Emerging Markets Dividend ETF 6.2 49 17 17.9 +6.5
BRAZ Global X Brazil Active ETF 3.1 75 -9 10.8 -0.6
WOOD iShares Global Timber & Forestry ETF 2.9 42 24 11.7 +0.2
ION ProShares S&P Global Core Battery Metals ETF 2.8 58 8 5.9 -5.6
LITP Sprott Lithium Miners ETF 2.8 65 1 0.8 -10.6
ILIT iShares Lithium Miners and Producers ETF 2.8 47 19 3.3 -8.2
ARGT Global X MSCI Argentina ETF 2.5 59 7 3.3 -8.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.3 58 8 8.4 -3.1
REMX VanEck Rare Earth/Strategic Metals ETF 2.2 54 12 2.7 -8.8
EWX SPDR S&P Emerging Markets Small Cap ETF 2.2 65 1 6.5 -5.0
PSCM Invesco S&P SmallCap Materials ETF 2.2 29 37 9.6 -1.9
NDIV Amplify Natural Resources Dividend Income ETF 2.2 59 7 11.5 -0.0
DEEP Roundhill Acquirers Deep Value ETF 2.1 80 -14 15.7 +4.3
CBSE Clough Select Equity ETF 2.1 85 -19 0.3 -11.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.1 42 24 7.6 -3.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.1 90 -24 3.7 -7.7
CGV Conductor Global Equity Value ETF 2.0 130 -64 7.7 -3.8
EYLD Cambria Emerging Shareholder Yield ETF 1.8 66 0 9.2 -2.3
PBW Invesco WilderHill Clean Energy ETF 1.8 66 0 -2.7 -14.1
IZRL ARK Israel Innovative Technology ETF 1.8 49 17 1.3 -10.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 7 8.6 -2.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.4 70 -4 6.5 -5.0
CUT Invesco MSCI Global Timber ETF 1.3 61 5 8.6 -2.8
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.2 60 6 4.1 -7.4
VRAI Virtus Real Asset Income ETF 1.2 55 11 8.3 -3.2
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 3 10.3 -1.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.1 30 36 13.7 +2.3
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 21 -1.4 -12.8
CGW Invesco S&P Global Water Index ETF 1.0 57 9 4.6 -6.9
SYLD Cambria Shareholder Yield ETF 0.9 59 7 10.4 -1.1
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.8 38 28 9.1 -2.4
ROSC Hartford Multifactor Small Cap ETF 0.8 34 32 7.2 -4.3
SETM Sprott Energy Transition Materials ETF 0.8 65 1 1.7 -9.7
ITEQ BlueStar Israel Technology ETF 0.8 75 -9 1.1 -10.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.7 53 13 5.1 -6.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.7 70 -4 9.5 -2.0
GRPZ Invesco S&P SmallCap 600 GARP ETF 0.7 35 31 6.2 -5.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 58 6.3 -5.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.7 33 33 6.6 -4.8
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -9 7.1 -4.4
AVES Avantis Emerging Markets Value ETF 0.6 36 30 8.9 -2.5
FLBR Franklin FTSE Brazil ETF 0.6 19 47 12.2 +0.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 30 8.3 -3.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 19 5.1 -6.4
XSHQ Invesco S&P SmallCap Quality ETF 0.5 29 37 6.9 -4.6
DSMC Distillate Small/Mid Cash Flow ETF 0.5 55 11 10.9 -0.6
VIDI Vident International Equity Strategy ETF 0.5 61 5 8.1 -3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 25 6.9 -4.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.5 58 8 -1.7 -13.2
TTAC FCF US Quality ETF 0.5 59 7 5.6 -5.9
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.5 12 54 3.4 -8.1
WBIY WBI Power Factor High Dividend ETF 0.5 100 -34 12.2 +0.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.5 33 33 6.1 -5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 28 7.0 -4.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -4 2.2 -9.2
FYT First Trust Small Cap Value AlphaDEX Fund 0.4 73 -7 9.9 -1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 27 8.1 -3.4
PBJ Invesco Food & Beverage ETF 0.4 57 9 7.9 -3.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 22 9.5 -1.9
FLLA Franklin FTSE Latin America ETF 0.4 19 47 10.9 -0.6
EBIZ Global X E-Commerce ETF 0.4 50 16 4.9 -6.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.4 15 51 5.7 -5.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.4 35 31 3.1 -8.4
DFEV Dimensional Emerging Markets Value ETF 0.3 43 23 9.4 -2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.3 49 17 9.1 -2.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -4 6.7 -4.8
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -4 7.2 -4.2
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.3 59 7 8.5 -3.0
SQLV Royce Quant Small-Cap Quality Value ETF 0.3 60 6 8.0 -3.5
HAPS Harbor Human Capital Factor US Small Cap ETF 0.3 60 6 3.4 -8.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -14 9.3 -2.1
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 31 7.0 -4.5
GWX SPDR S&P International Small Cap ETF 0.3 40 26 5.9 -5.6
AVEM Avantis Emerging Markets Equity ETF 0.3 33 33 7.0 -4.4
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 28 8.1 -3.3
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 27 7.7 -3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 27 7.4 -4.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 19 7.7 -3.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 5 5.4 -6.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.3 45 21 9.7 -1.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 8 3.4 -8.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.2 95 -29 10.0 -1.5
LIT Global X Lithium & Battery Tech ETF 0.2 75 -9 5.0 -6.5
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 9.2 -2.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 31 0.9 -10.6
EIS iShares MSCI Israel ETF 0.2 58 8 6.4 -5.0
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 41 8.0 -3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 27 8.0 -3.5
AVDV Avantis International Small Cap Value ETF 0.2 36 30 7.7 -3.8
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 57 8.2 -3.3
SAGP Strategas Global Policy Opportunities ETF 0.2 65 1 4.9 -6.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.2 35 31 6.1 -5.4
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.0 -6.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 6.4 -5.1
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 7.9 -3.6
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 4 3.0 -8.5
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.6 -4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.4 -5.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 56 8.6 -2.8
AFSM First Trust Active Factor Small Cap ETF 0.2 75 -9 5.8 -5.7
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.2 15 51 9.0 -2.5
IJS iShares S&P Small-Cap 600 Value ETF 0.2 18 48 8.9 -2.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.1 10 56 9.0 -2.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 54 8.8 -2.7
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 7 7.4 -4.1
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 9.5 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -23 4.3 -7.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 16 4.6 -6.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.1 15 51 6.2 -5.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.1 35 31 6.6 -4.9
DISV Dimensional International Small Cap Value ETF 0.1 42 24 8.1 -3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 16 8.1 -3.4
VFVA Vanguard U.S. Value Factor ETF 0.1 13 53 9.4 -2.1
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 41 4.7 -6.8
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 41 6.1 -5.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 17 13.4 +2.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 8.7 -2.8
FMAT Fidelity MSCI Materials Index ETF 0.1 8 58 5.1 -6.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.1 12 54 6.2 -5.3
VAW Vanguard Materials ETF 0.1 9 57 5.1 -6.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 57 3.7 -7.7
DHS WisdomTree U.S. High Dividend Fund 0.1 38 28 8.1 -3.3
VSGX Vanguard ESG International Stock ETF 0.1 10 56 6.6 -4.9
NANR SPDR S&P North American Natural Resources ETF 0.1 35 31 6.4 -5.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 51 4.9 -6.5
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.1 3 63 6.4 -5.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.1 7 59 6.2 -5.3
IJR iShares Core S&P Small Cap ETF 0.1 6 60 6.3 -5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 4.0 -7.5
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.5 -5.0
PSC Principal U.S. Small-Cap ETF 0.1 38 28 3.7 -7.8
VXUS Vanguard Total International Stock ETF 0.1 5 61 6.7 -4.8
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 59 6.6 -4.9
PKW Invesco Buyback Achievers ETF 0.1 62 4 7.4 -4.1
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 53 5.5 -5.9
AVDS Avantis International Small Cap Equity ETF 0.1 30 36 6.0 -5.4
VTWV Vanguard Russell 2000 Value ETF 0.1 10 56 5.0 -6.5
IWN iShares Russell 2000 Value ETF 0.1 24 42 4.8 -6.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 26 6.1 -5.4
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 59 5.7 -5.7
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 43 7.3 -4.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 27 3.5 -7.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 33 6.7 -4.7
RSSL Global X Russell 2000 ETF 0.1 8 58 2.7 -8.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 27 2.3 -9.2
DFIS Dimensional International Small Cap ETF 0.0 39 27 6.1 -5.3
IWM iShares Russell 2000 ETF 0.0 19 47 2.6 -8.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 38 8.6 -2.8
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 60 7.8 -3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 4.9 -6.6
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 16 6.3 -5.2
VTWO Vanguard Russell 2000 ETF 0.0 7 59 2.8 -8.7
SCHC Schwab International Small-Cap Equity ETF 0.0 11 55 6.7 -4.8
WSML iShares MSCI World Small-Cap ETF 0.0 15 51 5.3 -6.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 35 8.8 -2.6
IGE iShares North American Natural Resources ETF 0.0 41 25 5.7 -5.7
DFAS Dimensional U.S. Small Cap ETF 0.0 26 40 5.6 -5.9
DXIV Dimensional International Vector Equity ETF 0.0 34 32 6.6 -4.9
IWO iShares Russell 2000 Growth ETF 0.0 24 42 0.5 -11.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 34 7.4 -4.1
SCHA Schwab U.S. Small-Cap ETF 0.0 4 62 4.4 -7.1
EBI Longview Advantage ETF 0.0 35 31 5.9 -5.5
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 56 0.6 -10.8
ISCB iShares Morningstar Small-Cap ETF 0.0 4 62 5.4 -6.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 5.6 -5.9
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 4.9 -6.6
AVDE Avantis International Equity ETF 0.0 23 43 6.2 -5.2
VT Vanguard Total World Stock ETF 0.0 6 60 5.0 -6.5
SMMD iShares Russell 2500 ETF 0.0 15 51 5.5 -6.0
VXF Vanguard Extended Market ETF 0.0 5 61 3.7 -7.7
DXUV Dimensional US Vector Equity ETF 0.0 28 38 5.2 -6.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 43 6.3 -5.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 59 6.1 -5.4
VYMI Vanguard International High Dividend Yield ETF 0.0 17 49 8.1 -3.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 57 5.5 -5.9
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 54 6.2 -5.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 62 6.7 -4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 2.9 -8.6
AVUS Avantis U.S. Equity ETF 0.0 15 51 4.7 -6.8
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.7 -5.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 4.9 -6.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 27 6.8 -4.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 32 5.6 -5.9
VPL Vanguard FTSE Pacific ETF 0.0 7 59 5.3 -6.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.1 -5.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.1 -5.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 4.7 -6.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 48 6.1 -5.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 4.6 -6.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 4.6 -6.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.0 -5.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 55 9.5 -1.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.3 -7.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.6 -7.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 63 6.0 -5.5
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.2 -7.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.3 -7.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.1 -7.4
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.1 -7.4
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.1 -7.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.1 -7.4
IWV iShares Russell 3000 ETF 0.0 20 46 4.0 -7.5
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.1 -7.4
ACVF American Conservative Values ETF 0.0 75 -9 3.7 -7.8
AVUQ Avantis U.S. Quality ETF 0.0 15 51 3.6 -7.9

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:		 VanEck Brazil Small-Cap ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 11.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.53
 
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.