iShares MSCI Japan ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Japan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Japan Index. The index consists primarily of large cap stocks traded in the Japanese market.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $23,652
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 178
Wgt avg mkt cap (mns) $68,141
Large cap (>$10bn) 79.1%
Mid cap ($2-10bn) 20.6%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MITSUBISHI UFJ FINANCIAL GRO 4.7 %
TOYOTA MOTOR CORP 3.4 %
SUMITOMO MITSUI FINANCIAL GR 3.0 %
ADVANTEST CORP 2.8 %
HITACHI LTD 2.8 %
TOKYO ELECTRON LTD 2.7 %
SONY CORP 2.6 %
RECRUIT HOLDINGS CO LTD 2.5 %
SOFTBANK GROUP CORP. 2.4 %
MIZUHO FINANCIAL GROUP INC 2.4 %
Total 29.3 %

TOP COUNTRY EXPOSURE
JAPAN 96.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.4% 26.7% 9.3% 9.0% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 1.20 53%
MSCI EAFE 1.18 77%
MSCI Emg. Mkts. 0.67 63%

Technical Indicators
Recent close $98.92
30d moving avg. $93.57
Annualized volatility 13.3%
Short interest (ETF) 2.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3,990
Turnover 1.7%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $18,906

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 329 potential alternatives to the iShares MSCI Japan ETF ETF based on the alternatives' overlap in portfolio holdings with EWJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWJ Expense: 50 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWJ
Ticker Fund
Name		 Overlap1
vs EWJ
(%)		 Expense
ratio
(bp)		 Savings
vs EWJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWJ
(%)
BBJP JPMorgan BetaBuilders Japan ETF 86.9 19 31 5.0 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 85.2 47 3 4.3 -0.2
FLJP Franklin FTSE Japan ETF 78.2 9 41 5.0 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 77.1 25 25 5.1 +0.5
FLJH Franklin FTSE Japan Hedged ETF 76.9 9 41 4.8 +0.3
JPXN iShares JPX-Nikkei 400 ETF 72.8 48 2 5.0 +0.5
DXJ WisdomTree Japan Hedged Equity Fund 59.0 48 2 5.0 +0.4
EWJV iShares MSCI Japan Value ETF 55.5 15 35 6.5 +1.9
IPAC iShares Core MSCI Pacific ETF 52.5 9 41 5.3 +0.7
VPL Vanguard FTSE Pacific ETF 41.4 7 43 5.0 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 29.3 12 38 4.8 +0.3
IVLU iShares MSCI Intl Value Factor ETF 27.9 30 20 8.1 +3.6
VIGI Vanguard International Dividend Appreciation ETF 27.2 10 40 6.1 +1.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.5 35 15 5.6 +1.1
IQSI IQ Candriam International Equity ETF 24.6 15 35 5.6 +1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.5 14 36 5.3 +0.8
PATN Pacer Nasdaq International Patent Leaders ETF 24.2 65 -15 4.0 -0.6
IMTM iShares MSCI Intl Momentum Factor ETF 23.6 30 20 4.7 +0.2
EFV iShares MSCI EAFE Value ETF 23.5 34 16 7.6 +3.1
JHMD John Hancock Multifactor Developed International ETF 23.3 39 11 6.3 +1.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 23.3 58 -8 5.6 +1.1
HEFA iShares Currency Hedged MSCI EAFE ETF 22.8 35 15 5.7 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 22.7 20 30 5.9 +1.4
EFA iShares MSCI EAFE ETF 22.7 35 15 5.8 +1.3
JIRE JPMorgan International Research Enhanced Equity ETF 22.6 24 26 5.8 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 22.6 20 30 5.7 +1.1
FENI Fidelity Enhanced International ETF 22.0 28 22 5.8 +1.3
ESGD iShares ESG Aware MSCI EAFE ETF 22.0 20 30 5.8 +1.3
EFG iShares MSCI EAFE Growth ETF 21.9 36 14 3.9 -0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 21.8 30 20 6.1 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.7 36 14 5.2 +0.7
FJP First Trust Japan AlphaDEX Fund 21.6 80 -30 7.1 +2.6
HFXI IQ FTSE International Equity Currency Neutral ETF 20.8 20 30 5.6 +1.1
IVSI Applied Finance IVS International Large ETF 20.5 65 -15 6.0 +1.5
BKIE BNY Mellon International Equity ETF 20.3 4 46 18.1 +13.6
RAYJ Rayliant SMDAM Japan Equity ETF 19.8 72 -22 3.2 -1.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 19.7 22 28 5.7 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 19.6 31 19 5.5 +1.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 19.5 20 30 5.7 +1.2
DWMF WisdomTree International Multifactor Fund 19.5 38 12 7.0 +2.5
IEFA iShares Core MSCI EAFE ETF 19.4 7 43 6.1 +1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.2 25 25 6.2 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.1 45 5 6.8 +2.3
TPIF Timothy Plan International ETF 19.1 62 -12 5.7 +1.2
STXI Strive International Developed Markets ETF 19.0 29 21 6.4 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 18.8 25 25 7.4 +2.8
DIHP Dimensional International High Profitability ETF 18.5 29 21 5.9 +1.4
IDHQ Invesco S&P International Developed High Quality ETF 18.3 29 21 5.1 +0.6
DIVI Franklin International Core Dividend Tilt Index ETF 18.1 9 41 6.6 +2.1
IGRO iShares International Dividend Growth ETF 18.0 15 35 6.8 +2.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 17.6 12 38 5.4 +0.9
SCHF Schwab International Equity ETF 17.3 6 44 5.9 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.2 39 11 6.3 +1.8
CGIE Capital Group International Equity ETF 17.1 54 -4 4.6 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 17.1 3 47 5.8 +1.3
IDEV iShares Core MSCI International Developed Markets ETF 17.1 4 46 6.1 +1.5
IQDG WisdomTree International Quality Dividend Growth Fund 17.0 42 8 5.9 +1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 16.9 58 -8 5.4 +0.9
INTF iShares International Equity Factor ETF 16.8 15 35 6.5 +2.0
DFAI Dimensional International Core Equity Market ETF 16.5 18 32 6.1 +1.6
IDMO Invesco S&P International Developed Momentum ETF 16.1 25 25 5.1 +0.6
VEA Vanguard FTSE Developed Markets ETF 16.0 3 47 5.9 +1.4
CGXU Capital Group International Focus Equity ETF 15.9 54 -4 3.8 -0.7
DOL WisdomTree International LargeCap Dividend Fund 15.8 48 2 5.6 +1.1
UMMA Wahed Dow Jones Islamic World ETF 15.6 65 -15 3.5 -1.0
DFIV Dimensional International Value ETF 15.5 27 23 7.8 +3.3
FIVA Fidelity International Value Factor ETF 15.2 18 32 7.4 +2.9
UIVM VictoryShares International Value Momentum ETF 14.9 35 15 8.1 +3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.8 42 8 4.2 -0.4
FRGN Horizon International Equity ETF 14.7 75 -25 7.9 +3.3
DWM WisdomTree International Equity Fund 14.6 48 2 5.7 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.5 40 10 5.8 +1.3
OEFA ALPS O’Shares International Developed Quality Dividend ETF 14.4 48 2 4.8 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 14.3 65 -15 4.2 -0.3
CWI SPDR MSCI ACWI ex-US ETF 13.7 30 20 6.4 +1.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 13.7 80 -30 6.8 +2.3
EXI iShares Global Industrials ETF 13.6 42 8 3.7 -0.8
DTAN Sparkline International Intangible Value ETF 13.5 55 -5 7.3 +2.8
ACWX iShares MSCI ACWI ex U.S. ETF 13.4 34 16 6.4 +1.8
IQLT iShares MSCI Intl Quality Factor ETF 13.4 30 20 5.5 +1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.2 18 32 6.4 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.2 47 3 7.2 +2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 13.1 32 18 5.5 +0.9
RXI iShares Global Consumer Discretionary ETF 13.0 41 9 9.1 +4.6
VEU Vanguard FTSE All-World ex-US Index Fund 12.7 4 46 6.7 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.7 39 11 7.0 +2.5
AVIV Avantis International Large Cap Value ETF 12.5 25 25 7.0 +2.4
QINT American Century Quality Diversified International ETF 12.4 39 11 6.7 +2.1
AVSD Avantis Responsible International Equity ETF 12.3 23 27 6.0 +1.5
DFSI Dimensional International Sustainability Core 1 ETF 12.3 24 26 5.7 +1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 12.2 37 13 7.2 +2.7
VSGX Vanguard ESG International Stock ETF 12.0 10 40 6.6 +2.0
VXUS Vanguard Total International Stock ETF 11.8 5 45 6.6 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.7 41 9 5.9 +1.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 11.7 24 26 7.1 +2.5
AVDE Avantis International Equity ETF 11.7 23 27 6.3 +1.7
IXUS iShares Core MSCI Total International Stock ETF 11.5 7 43 6.6 +2.1
DFIC Dimensional International Core Equity 2 ETF 11.4 23 27 6.3 +1.8
IQDF FlexShares International Quality Dividend Index Fund 11.2 47 3 7.5 +3.0
FIDI Fidelity International High Dividend ETF 10.8 18 32 7.4 +2.9
INEQ Columbia International Equity Income ETF 10.7 45 5 8.0 +3.5
IMFL Invesco International Developed Dynamic Multifactor ETF 10.6 34 16 5.3 +0.8
JHID John Hancock International High Dividend ETF 10.5 46 4 8.1 +3.5
DIM WisdomTree International MidCap Dividend Fund 10.3 58 -8 6.4 +1.9
VYMI Vanguard International High Dividend Yield ETF 10.2 17 33 8.0 +3.5
ACWV iShares MSCI Global Min Vol Factor ETF 9.8 20 30 5.8 +1.2
PIEL Pacer International Export Leaders ETF 9.5 60 -10 4.1 -0.4
JIVE JPMorgan International Value ETF 9.4 55 -5 8.1 +3.6
LVHI Franklin International Low Volatility High Dividend Index ET 9.1 40 10 7.5 +3.0
DXIV Dimensional International Vector Equity ETF 9.1 34 16 6.7 +2.1
RGEF Rockefeller Global Equity ETF 8.9 55 -5 3.8 -0.7
WRND IQ Global Equity R&D Leaders ETF 8.7 18 32 4.0 -0.5
FDEV Fidelity International Multifactor ETF 8.5 18 32 7.4 +2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.3 65 -15 8.3 +3.8
AIVI WisdomTree International AI Enhanced Value Fund 8.1 58 -8 6.3 +1.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.1 80 -30 5.8 +1.3
GCOW Pacer Global Cash Cows Dividend ETF 7.9 60 -10 9.6 +5.1
NXTG First Trust Indxx NextG ETF 7.8 70 -20 3.4 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 7.8 30 20 5.2 +0.7
CLNR IQ Cleaner Transport ETF 7.7 45 5 4.0 -0.5
BULD Pacer BlueStar Engineering the Future ETF 7.6 60 -10 0.2 -4.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.5 50 0 5.8 +1.3
DGT State Street SPDR Global Dow ETF 7.5 50 0 5.7 +1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.4 30 20 6.4 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.2 29 21 7.1 +2.6
AGQI First Trust Active Global Quality Income ETF 7.0 85 -35 6.5 +1.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.9 80 -30 3.9 -0.7
WWJD Inspire International ETF 6.7 80 -30 6.5 +2.0
IXP iShares Global Comm Services ETF 6.4 42 8 5.9 +1.4
IXG iShares Global Financials ETF 6.4 42 8 6.2 +1.7
WLDR Affinity World Leaders Equity ETF 6.4 67 -17 5.6 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.3 9 41 7.9 +3.4
DSTX Distillate International Fundamental Stability & Value ETF 6.2 55 -5 6.7 +2.2
QTUM Defiance Quantum ETF 6.2 40 10 3.6 -0.9
GEW Cambria Global EW ETF 5.9 29 21 5.4 +0.9
JGLO JPMorgan Global Select Equity ETF 5.8 33 17 4.3 -0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 5.8 42 8 4.0 -0.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.7 25 25 5.5 +1.0
URTH iShares MSCI World ETF 5.5 24 26 4.3 -0.2
JSTC Adasina Social Justice All Cap Global ETF 5.5 89 -39 4.3 -0.2
KNO AXS Knowledge Leaders ETF 5.4 78 -28 4.0 -0.5
CHAT Roundhill Generative AI & Technology ETF 5.4 75 -25 4.0 -0.5
FEOE First Eagle Overseas Equity ETF 5.4 79 -29 6.2 +1.7
ROBO ROBO Global Robotics & Automation Index ETF 5.3 95 -45 2.4 -2.2
IBOT Vaneck Robotics ETF 5.3 47 3 3.2 -1.3
IMOM Alpha Architect International Quantitative Momentum ETF 5.2 49 1 4.6 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.1 20 30 4.7 +0.2
KLMT Invesco MSCI Global Climate 500 ETF 5.0 10 40 4.9 +0.4
JIG JPMorgan International Growth ETF 5.0 55 -5 3.6 -0.9
GLBL Pacer MSCI World Industry Advantage ETF 5.0 65 -15 3.4 -1.2
FBOT Fidelity Disruptive Automation ETF 4.9 50 0 2.9 -1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.9 47 3 5.3 +0.8
ACWI iShares MSCI ACWI ETF 4.8 32 18 4.6 +0.1
GLOF iShares Global Equity Factor ETF 4.8 20 30 5.5 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.8 9 41 4.8 +0.3
IBAT iShares Energy Storage & Materials ETF 4.8 47 3 1.6 -2.9
VT Vanguard Total World Stock ETF 4.5 6 44 5.0 +0.5
IDLV Invesco S&P International Developed Low Volatility ETF 4.4 25 25 6.6 +2.1
BKCI BNY Mellon Concentrated International ETF 4.3 80 -30 5.1 +0.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.3 75 -25 3.2 -1.4
FPXI First Trust International Equity Opportunities ETF 4.2 70 -20 4.2 -0.3
BNGE First Trust S-Network Streaming and Gaming ETF 4.2 70 -20 3.2 -1.3
FEGE First Eagle Global Equity ETF 4.2 79 -29 6.1 +1.6
DINT Davis Select International ETF 4.2 55 -5 6.4 +1.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.1 65 -15 1.3 -3.3
DTH WisdomTree International High Dividend Fund 4.1 58 -8 7.4 +2.9
ARVR First Trust Indxx Metaverse ETF 4.0 70 -20 3.5 -1.1
NUKZ Range Nuclear Renaissance Index ETF 3.9 85 -35 1.7 -2.8
CGDG Capital Group Dividend Growers ETF 3.9 47 3 5.4 +0.8
MOTG VanEck Morningstar Global Wide Moat ETF 3.8 52 -2 8.1 +3.6
BINV Brandes International ETF 3.7 70 -20 8.7 +4.2
BLES Inspire Global Hope ETF 3.7 61 -11 5.9 +1.4
DWX SPDR S&P International Dividend ETF 3.6 45 5 7.0 +2.5
IDOG ALPS International Sector Dividend Dogs ETF 3.5 50 0 9.6 +5.1
OAIM OneAscent International Equity ETF 3.5 95 -45 4.4 -0.1
IXJ iShares Global Healthcare ETF 3.5 42 8 6.3 +1.7
KXI iShares Global Consumer Staples ETF 3.5 41 9 5.7 +1.2
FYLD Cambria Foreign Shareholder Yield ETF 3.5 59 -9 9.9 +5.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.3 12 38 4.5 -0.1
XT iShares Exponential Technologies ETF 3.3 46 4 3.8 -0.7
IPKW Invesco International BuyBack Achievers ETF 3.3 55 -5 8.1 +3.6
CARZ First Trust NASDAQ Global Auto Index Fund 3.2 70 -20 2.4 -2.2
MXI iShares Global Materials ETF 3.2 41 9 6.1 +1.6
METV Roundhill Ball Metaverse ETF 3.2 59 -9 7.3 +2.8
IXN iShares Global Tech ETF 3.1 41 9 2.5 -2.0
DRIV Global X Autonomous & Electric Vehicles ETF 3.0 68 -18 3.6 -1.0
HYDR Global X Hydrogen ETF 3.0 50 0 -5.7 -10.3
BOTZ Global X Robotics & Artificial Intelligence ETF 3.0 69 -19 2.1 -2.5
IVAL Alpha Architect International Quantitative Value ETF 2.9 49 1 7.6 +3.1
URA Global X Uranium ETF 2.8 69 -19 1.2 -3.4
AQLT iShares MSCI Global Quality Factor ETF 2.8 18 32 0.0 -4.5
KOCG FIS Knights of Columbus Global Belief ETF 2.7 75 -25 4.6 +0.1
OSEA Harbor International Compounders ETF 2.6 55 -5 4.6 +0.0
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 1 4.8 +0.3
PCGG Polen Capital Global Growth ETF 2.6 85 -35 4.0 -0.6
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 11 6.7 +2.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.5 59 -9 3.3 -1.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.5 45 5 1.8 -2.8
ARTY iShares Future AI & Tech ETF 2.4 47 3 2.2 -2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 2.4 55 -5 6.2 +1.7
FAN First Trust Global Wind Energy ETF 2.4 60 -10 3.2 -1.4
FDTX Fidelity Disruptive Technology ETF 2.3 50 0 1.4 -3.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.0 58 -8 3.6 -0.9
ODDS Pacer BlueStar Digital Entertainment ETF 1.9 60 -10 5.1 +0.6
NERD Roundhill Video Games ETF 1.9 50 0 7.5 +2.9
ESPO VanEck Video Gaming and eSports ETF 1.9 56 -6 6.4 +1.8
IGPT Invesco AI and Next Gen Software ETF 1.9 60 -10 2.2 -2.3
IOO iShares Global 100 ETF 1.9 41 9 3.8 -0.7
EV Mast Global Battery Recycling & Production ETF 1.8 65 -15 6.4 +1.9
IQM Franklin Intelligent Machines ETF 1.8 50 0 1.1 -3.4
LIT Global X Lithium & Battery Tech ETF 1.8 75 -25 5.9 +1.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 -25 1.7 -2.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.7 12 38 9.3 +4.8
KNCT Invesco Next Gen Connectivity ETF 1.7 40 10 2.8 -1.7
GINN Goldman Sachs Innovate Equity ETF 1.7 52 -2 3.7 -0.8
MOTI VanEck Morningstar International Moat ETF 1.6 58 -8 10.5 +6.0
DTEC ALPS Disruptive Technologies ETF 1.6 50 0 3.5 -1.0
GGME Invesco Next Gen Media and Gaming ETF 1.6 60 -10 4.4 -0.1
HERO Global X Video Games & Esports ETF 1.6 50 0 5.6 +1.1
MDEV First Trust Indxx Medical Devices ETF 1.6 70 -20 4.8 +0.3
AIQ Global X Artificial Intelligence & Technology ETF 1.6 68 -18 2.7 -1.9
ANEW ProShares MSCI Transformational Changes ETF 1.5 45 5 4.2 -0.3
DEW WisdomTree Global High Dividend Fund 1.5 58 -8 7.4 +2.9
MINV Matthews Asia Innovators Active ETF 1.5 79 -29 5.8 +1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.4 10 40 9.3 +4.8
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -10 7.8 +3.2
CZAR Themes Natural Monopoly ETF 1.4 35 15 5.3 +0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 -22 2.8 -1.8
AGNG Global X Aging Population ETF 1.4 50 0 4.4 -0.1
IFGL iShares International Developed Real Estate ETF 1.3 48 2 8.2 +3.7
ERET iShares Environmentally Aware Real Estate ETF 1.3 30 20 7.4 +2.9
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -8 7.2 +2.6
ABLG Abacus FCF International Leaders ETF 1.3 59 -9 6.8 +2.3
WDIV SPDR S&P Global Dividend ETF 1.3 40 10 9.2 +4.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.3 39 11 8.4 +3.9
SAGP Strategas Global Policy Opportunities ETF 1.3 65 -15 5.1 +0.6
BATT Amplify Lithium & Battery Technology ETF 1.2 59 -9 2.1 -2.4
FPAG FPA Global Equity ETF 1.2 49 1 5.8 +1.3
DWLD Davis Select Worldwide ETF 1.2 63 -13 7.4 +2.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 -15 7.4 +2.9
TMFG Motley Fool Global Opportunities ETF 1.1 85 -35 4.0 -0.5
HRTS Tema Heart & Health ETF 1.1 75 -25 2.9 -1.6
HUMN Roundhill Humanoid Robotics ETF 1.1 75 -25 1.5 -3.0
IDNA iShares Genomics Immunology and Healthcare ETF 1.1 47 3 -0.3 -4.8
MOTO SmartETFs Smart Transportation & Technology ETF 1.0 68 -18 5.6 +1.1
HAP VanEck Natural Resources ETF 1.0 50 0 6.6 +2.1
SCHY Schwab International Dividend Equity ETF 1.0 14 36 8.8 +4.3
JXI iShares Global Utilities ETF 1.0 43 7 5.7 +1.2
OCEN IQ Clean Oceans ETF 1.0 45 5 4.7 +0.1
GDOC Goldman Sachs Future Health Care Equity ETF 0.9 75 -25 0.9 -3.7
SHPP Pacer Industrials and Logistics ETF 0.9 60 -10 6.8 +2.3
POW VistaShares Electrification Supercycle ETF 0.9 75 -25 2.3 -2.2
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -30 20.9 +16.4
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 -15 3.5 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 11 8.3 +3.8
EFAS Global X MSCI SuperDividend EAFE ETF 0.8 57 -7 7.6 +3.0
IXC iShares Global Energy ETF 0.8 44 6 7.0 +2.4
OZEM Roundhill GLP-1 & Weight Loss ETF 0.8 59 -9 6.0 +1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -6 10.0 +5.5
GNR SPDR S&P Global Natural Resources ETF 0.8 40 10 8.3 +3.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 1 6.1 +1.6
ARKX ARK Space Exploration & Innovation ETF 0.7 75 -25 0.0 -4.5
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 1 7.0 +2.5
AKAF The Frontier Economic Fund 0.7 20 30 5.6 +1.0
AGIX KraneShares Artificial Intelligence and Technology ETF 0.7 99 -49 1.0 -3.5
SNSR Global X Internet of Things ETF 0.7 68 -18 3.3 -1.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.7 39 11 1.2 -3.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 -5 4.7 +0.2
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -9 7.9 +3.4
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 0 6.8 +2.3
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -30 14.7 +10.2
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 35 5.6 +1.1
RCGE RockCreek Global Equality ETF 0.5 95 -45 6.3 +1.8
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 -9 6.2 +1.7
CRAK VanEck Oil Refiners ETF 0.5 61 -11 6.9 +2.4
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 2 2.4 -2.1
HART IQ Healthy Hearts ETF 0.5 45 5 6.0 +1.5
BOAT SonicShares Global Shipping ETF 0.4 69 -19 16.8 +12.3
FDNI First Trust Dow Jones International Internet ETF 0.4 65 -15 28.0 +23.4
JAPN Horizon Kinetics Japan Owner Operator ETF 0.4 85 -35 5.4 +0.9
SLX VanEck Steel ETF 0.4 56 -6 10.6 +6.1
FDVV Fidelity High Dividend ETF 0.4 15 35 6.8 +2.3
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 5 8.0 +3.5
BAI iShares AI Innovation and Tech Active ETF 0.3 55 -5 0.9 -3.6
KROP Global X AgTech & Food Innovation ETF 0.3 50 0 6.6 +2.1
MOO VanEck Agribusiness ETF 0.3 53 -3 9.1 +4.5
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 11 7.5 +3.0
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -20 7.3 +2.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 4 7.8 +3.3
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -25 0.8 -3.7
ISHP First Trust Nasdaq Retail ETF 0.3 60 -10 5.8 +1.3
COPX Global X Copper Miners ETF 0.3 65 -15 4.1 -0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -20 6.8 +2.3
GMET VanEck Green Metals ETF 0.3 63 -13 0.8 -3.7
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -35 3.9 -0.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -35 2.9 -1.6
KBWR Invesco KBW Regional Banking ETF 0.3 35 15 8.5 +4.0
OND ProShares On-Demand ETF 0.2 58 -8 0.6 -3.9
PIO Invesco Global Water ETF 0.2 75 -25 4.7 +0.2
TINY ProShares Nanotechnology ETF 0.2 58 -8 1.3 -3.2
ICLN iShares Global Clean Energy ETF 0.2 41 9 2.2 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.2 59 -9 2.8 -1.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 4 5.7 +1.2
BLOK Amplify Transformational Data Sharing ETF 0.2 75 -25 -0.1 -4.6
STCE Schwab Crypto Thematic ETF 0.2 30 20 2.7 -1.8
TRFK Pacer Data and Digital Revolution ETF 0.2 60 -10 1.8 -2.8
FICS First Trust International Developed Capital Strength ETF 0.2 70 -20 7.1 +2.5
MJSC MUFG Japan Small Cap Active ETF 0.2 85 -35 4.5 -0.0
AVDV Avantis International Small Cap Value ETF 0.2 36 14 7.6 +3.1
AVDS Avantis International Small Cap Equity ETF 0.2 30 20 6.0 +1.5
ARKF ARK Fintech Innovation ETF 0.2 75 -25 0.2 -4.3
PRNT 3D Printing ETF 0.1 66 -16 1.1 -3.4
AZTD Aztlan Global Stock Selection DM SMID ETF 0.1 75 -25 4.5 -0.1
SUPL ProShares Supply Chain Logistics ETF 0.1 58 -8 8.0 +3.5
EBIZ Global X E-Commerce ETF 0.1 50 0 5.1 +0.6
PAWZ ProShares Pet Care ETF 0.1 50 0 4.6 +0.0
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 -9 1.7 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -36 14.9 +10.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 -10 9.6 +5.1
SOCL Global X Social Media ETF 0.1 65 -15 14.2 +9.6
FMET Fidelity Metaverse ETF 0.1 39 11 4.3 -0.3
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 4.0 -0.5
AVRE Avantis Real Estate ETF 0.1 17 33 7.4 +2.9
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 3 7.6 +3.1
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -12 3.6 -0.9
DFGR Dimensional Global Real Estate ETF 0.1 22 28 7.6 +3.1
REET iShares Global REIT ETF 0.1 14 36 7.5 +3.0
JETS U.S. Global Jets ETF 0.1 60 -10 2.7 -1.8
AIRL Themes Airlines ETF 0.1 35 15 1.7 -2.8

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:		 iShares MSCI Japan 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 7.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.