ETF Research Center

Optica Rare Earths & Critical Materials ETF Optica Rare Earths & Critical Materials ETF

ALTAR
Score™

5.8%

Recommen-
dation

OVERWEIGHT

2025E 2026E
P/E ratio	27.7x	P/Sales ratio	1.8x
P/BV ratio	2.2x	Div. yield	2.1%

Description
Performance
Comps
Fundamentals
Valuation
Rating

CRIT tracks an index of global companies that mine, refine, recycle, produce, or process rare earth and critical materials. Holdings are selected and weighted by market-cap.

FUND BASICS
Category	Global Equities
Fund Sponsor	Exchange Traded Concepts
Website	critetf.com/crit
Inception date	Mar 28, 2022
Assets (mns)	$3
Currency	USD
Expense ratio	85 bp
Distributions	Annually

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	9
Wgt avg mkt cap (mns)	$45,693
Large cap (>$10bn)	51.3%
Mid cap ($2-10bn)	38.2%
Small cap (<$2bn)	10.5%
Developed mkts	76.8%
Emerging mkts	20.1%

TOP TEN HOLDINGS
Total	0.0 %
FIREFINCH LIMITED	0.0 %
PT CENTRAL PROTEINAPRIMA TBK	0.0 %

TOP COUNTRY EXPOSURE
	AUSTRALIA	0.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

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

Market Correlations
versus...	Beta	R-squared
S&P500	0.75	19%
MSCI EAFE	1.07	34%
MSCI Emg. Mkts.	1.10	49%

Technical Indicators
Recent close	$16.08
30d moving avg.	$16.18
Annualized volatility	29.4%
Short interest (ETF)	0.0%
Relative strength (RSI)	47

Liquidity measures
Avg. volume (thou.)	2
Turnover	1.0%
Bid/Ask (% of price)	0.81%
ADV underlying (mns)	$986

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 8 potential alternatives to the Optica Rare Earths & Critical Materials ETF Optica Rare Earths & Critical Materials ETF ETF based on the alternatives' overlap in portfolio holdings with CRIT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

CRIT

Expense:

85 bp

ALTAR Score™:

5.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH CRIT
Ticker	Fund Name	Overlap¹ vs CRIT (%)	Expense ratio (bp)	Savings vs CRIT (bp)	ALTAR Score™ (%)	ALTAR vs CRIT (%)
SGDJ	Sprott Junior Gold Miners ETF	0.0	50	35	1.8	-4.0
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	0.0	80	5	8.9	+3.2
GDXJ	VanEck Junior Gold Miners ETF	0.0	52	33	2.5	-3.3
GOEX	Global X Gold Explorers ETF	0.0	65	20	1.6	-4.2
IEFA	iShares Core MSCI EAFE ETF	0.0	7	78	6.0	+0.3
IPAC	iShares Core MSCI Pacific ETF	0.0	9	76	5.5	-0.2
SCZ	iShares MSCI EAFE Small-Cap ETF	0.0	40	45	6.1	+0.3
VXUS	Vanguard Total International Stock ETF	0.0	5	80	6.7	+1.0

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	**	**	**	**	**	**	**
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:	Optica Rare Earths & Critical Materials ETF Optica Rare Earths & Critical Materials ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	14.2	%
Divided by: Fwd. P/BV	2.1	x
Less: Expense ratio	85	bp
Equals: ALTAR Score	5.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.64	CATEGORY AVERAGE	1.58

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.