Goldman Sachs ActiveBeta Japan Equity ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.3x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Goldman Sachs ActiveBeta Japan Equity ETF tracks an index of Japanese large- and midcap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score.

FUND BASICS
Category International Equities
Fund Sponsor Goldman Sachs
Website assetmanagement.gs.com
Inception date Mar 02, 2016
Assets (mns) $82
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 169
Wgt avg mkt cap (mns) $61,163
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 27.6%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MITSUBISHI UFJ FINANCIAL GRO 3.7 %
TOYOTA MOTOR CORP 3.2 %
ADVANTEST CORP 3.1 %
HITACHI LTD 2.7 %
TOKYO ELECTRON LTD 2.6 %
SUMITOMO MITSUI FINANCIAL GR 2.2 %
MITSUBISHI CORP 2.2 %
SONY CORP 2.2 %
MIZUHO FINANCIAL GROUP INC 2.0 %
MITSUBISHI HEAVY INDUSTRIES 1.9 %
Total 25.8 %

TOP COUNTRY EXPOSURE
JAPAN 98.2 %










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.
12.3% 28.9% 8.9% 9.1% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.11 45%
MSCI EAFE 1.14 76%
MSCI Emg. Mkts. 0.69 49%

Technical Indicators
Recent close $51.19
30d moving avg. $51.68
Annualized volatility 12.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $18,638

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 330 potential alternatives to the Goldman Sachs ActiveBeta Japan Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSJY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GSJY Expense: 25 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSJY
Ticker Fund
Name		 Overlap1
vs GSJY
(%)		 Expense
ratio
(bp)		 Savings
vs GSJY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GSJY
(%)
DBJP Xtrackers MSCI Japan Hedged Equity ETF 80.5 47 -22 4.6 -0.9
EWJ iShares MSCI Japan ETF 79.3 50 -25 4.9 -0.6
HEWJ iShares Currency Hedged MSCI Japan ETF 78.8 50 -25 5.4 -0.1
FLJH Franklin FTSE Japan Hedged ETF 73.7 9 16 5.1 -0.5
FLJP Franklin FTSE Japan ETF 73.5 9 16 5.4 -0.2
JPXN iShares JPX-Nikkei 400 ETF 68.7 48 -23 5.4 -0.1
DXJ WisdomTree Japan Hedged Equity Fund 57.6 48 -23 5.3 -0.2
IPAC iShares Core MSCI Pacific ETF 52.3 9 16 5.5 0.0
EWJV iShares MSCI Japan Value ETF 51.8 15 10 7.0 +1.4
VPL Vanguard FTSE Pacific ETF 40.6 7 18 5.3 -0.3
FJP First Trust Japan AlphaDEX Fund 31.2 80 -55 7.5 +2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 28.7 12 13 4.9 -0.6
IVLU iShares MSCI Intl Value Factor ETF 27.2 30 -5 8.1 +2.5
JIVE JPMorgan International Value ETF 26.5 55 -30 8.4 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.1 35 -10 5.7 +0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 24.6 58 -33 5.2 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.1 14 11 5.3 -0.2
VIGI Vanguard International Dividend Appreciation ETF 23.7 10 15 6.1 +0.5
IQSI IQ Candriam International Equity ETF 23.3 15 10 5.6 +0.1
IMTM iShares MSCI Intl Momentum Factor ETF 23.1 30 -5 4.7 -0.8
EFA iShares MSCI EAFE ETF 22.8 35 -10 5.8 +0.2
HEFA iShares Currency Hedged MSCI EAFE ETF 22.6 35 -10 5.8 +0.2
EFV iShares MSCI EAFE Value ETF 22.5 34 -9 7.6 +2.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 22.4 20 5 5.7 +0.2
EFG iShares MSCI EAFE Growth ETF 22.4 36 -11 3.8 -1.8
ESGD iShares ESG Aware MSCI EAFE ETF 22.4 20 5 5.8 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.1 36 -11 5.4 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 22.1 20 5 5.9 +0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 22.0 20 5 5.6 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 22.0 9 16 6.6 +1.1
RAYJ Rayliant SMDAM Japan Equity ETF 21.8 72 -47 2.9 -2.6
PPIE Putnam PanAgora ESG International Equity ETF 21.8 49 -24 6.2 +0.7
JHMD John Hancock Multifactor Developed International ETF 21.2 39 -14 6.2 +0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 20.8 30 -5 6.2 +0.7
PATN Pacer Nasdaq International Patent Leaders ETF 20.8 65 -40 4.0 -1.5
FENI Fidelity Enhanced International ETF 20.7 28 -3 5.8 +0.3
JIRE JPMorgan International Research Enhanced Equity ETF 20.6 24 1 5.9 +0.4
IVSI Applied Finance IVS International Large ETF 19.6 65 -40 6.1 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.5 25 0 6.2 +0.7
IEFA iShares Core MSCI EAFE ETF 19.4 7 18 6.1 +0.5
BKIE BNY Mellon International Equity ETF 19.1 4 21 6.0 +0.5
STXI Strive International Developed Markets ETF 19.0 29 -4 6.2 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.7 45 -20 6.8 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 18.3 25 0 7.4 +1.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 18.2 12 13 5.3 -0.2
DIHP Dimensional International High Profitability ETF 17.8 29 -4 5.8 +0.3
IGRO iShares International Dividend Growth ETF 17.7 15 10 6.8 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 17.3 4 21 6.0 +0.5
CIL VictoryShares International Volatility Wtd ETF 17.3 45 -20 5.8 +0.3
SCHF Schwab International Equity ETF 17.2 6 19 6.0 +0.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 17.1 20 5 5.7 +0.2
UIVM VictoryShares International Value Momentum ETF 17.1 35 -10 8.2 +2.7
NUDM Nuveen ESG International Developed Markets Equity ETF 17.0 31 -6 5.6 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 16.7 3 22 5.8 +0.3
TPIF Timothy Plan International ETF 16.7 62 -37 5.6 +0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 16.5 22 3 5.8 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 16.4 83 -58 7.8 +2.3
DFAI Dimensional International Core Equity Market ETF 16.3 18 7 6.1 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.2 39 -14 6.2 +0.7
INTF iShares International Equity Factor ETF 16.2 15 10 6.5 +1.0
VEA Vanguard FTSE Developed Markets ETF 15.8 3 22 6.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 15.8 48 -23 5.7 +0.2
FIVA Fidelity International Value Factor ETF 15.6 18 7 7.3 +1.8
CGIE Capital Group International Equity ETF 15.3 54 -29 4.6 -0.9
FRGN Horizon International Equity ETF 15.2 75 -50 7.8 +2.2
DFIV Dimensional International Value ETF 15.1 27 -2 7.8 +2.3
INEQ Columbia International Equity Income ETF 14.9 45 -20 7.9 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 14.8 42 -17 5.8 +0.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 14.6 65 -40 4.2 -1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.6 58 -33 5.4 -0.2
DWM WisdomTree International Equity Fund 14.4 48 -23 5.7 +0.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 14.4 80 -55 6.7 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.3 40 -15 5.7 +0.2
IDHQ Invesco S&P International Developed High Quality ETF 14.1 29 -4 5.4 -0.1
QINT American Century Quality Diversified International ETF 14.1 39 -14 6.6 +1.1
CWI SPDR MSCI ACWI ex-US ETF 14.0 30 -5 6.5 +1.0
DWMF WisdomTree International Multifactor Fund 13.9 38 -13 7.0 +1.4
UMMA Wahed Dow Jones Islamic World ETF 13.6 65 -40 3.5 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 13.3 34 -9 6.4 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.3 41 -16 6.0 +0.5
EXI iShares Global Industrials ETF 13.2 42 -17 3.6 -1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.0 18 7 6.4 +0.8
IQLT iShares MSCI Intl Quality Factor ETF 13.0 30 -5 5.5 0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 12.9 37 -12 7.2 +1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.8 42 -17 4.1 -1.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 12.8 24 1 6.9 +1.4
IMFL Invesco International Developed Dynamic Multifactor ETF 12.6 34 -9 5.2 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 12.6 4 21 6.7 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.5 47 -22 7.2 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.3 39 -14 7.0 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 12.3 32 -7 5.4 -0.1
CGXU Capital Group International Focus Equity ETF 12.3 54 -29 3.8 -1.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 12.2 48 -23 4.7 -0.9
DFSI Dimensional International Sustainability Core 1 ETF 12.1 24 1 5.7 +0.2
VSGX Vanguard ESG International Stock ETF 11.8 10 15 6.6 +1.1
VXUS Vanguard Total International Stock ETF 11.6 5 20 6.7 +1.1
AVSD Avantis Responsible International Equity ETF 11.5 23 2 6.0 +0.4
DTAN Sparkline International Intangible Value ETF 11.3 55 -30 7.1 +1.6
IXUS iShares Core MSCI Total International Stock ETF 11.3 7 18 6.6 +1.1
IQDF FlexShares International Quality Dividend Index Fund 11.1 47 -22 7.6 +2.1
DFIC Dimensional International Core Equity 2 ETF 11.0 23 2 6.3 +0.7
RXI iShares Global Consumer Discretionary ETF 10.8 41 -16 8.2 +2.7
DIM WisdomTree International MidCap Dividend Fund 10.8 58 -33 6.4 +0.8
LVHI Franklin International Low Volatility High Dividend Index ET 10.7 40 -15 7.7 +2.2
AVDE Avantis International Equity ETF 10.6 23 2 6.2 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 10.3 68 -43 0.5 -5.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.3 65 -40 7.8 +2.3
IMOM Alpha Architect International Quantitative Momentum ETF 10.2 49 -24 4.2 -1.3
AVIV Avantis International Large Cap Value ETF 10.0 25 0 7.0 +1.4
FIDI Fidelity International High Dividend ETF 9.8 18 7 7.3 +1.7
JHID John Hancock International High Dividend ETF 9.7 46 -21 7.9 +2.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.6 80 -55 5.6 +0.1
VYMI Vanguard International High Dividend Yield ETF 9.5 17 8 8.1 +2.6
CLNR IQ Cleaner Transport ETF 9.4 45 -20 3.9 -1.6
AIVI WisdomTree International AI Enhanced Value Fund 9.3 58 -33 6.3 +0.8
FDEV Fidelity International Multifactor ETF 9.0 18 7 7.3 +1.8
BULD Pacer BlueStar Engineering the Future ETF 8.3 60 -35 0.3 -5.2
DXIV Dimensional International Vector Equity ETF 8.2 34 -9 6.6 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.9 29 -4 7.0 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 7.9 30 -5 5.2 -0.3
IDLV Invesco S&P International Developed Low Volatility ETF 7.7 25 0 6.5 +0.9
ACWV iShares MSCI Global Min Vol Factor ETF 7.7 20 5 5.7 +0.2
PIEL Pacer International Export Leaders ETF 7.5 60 -35 4.1 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.5 30 -5 6.4 +0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.4 50 -25 5.7 +0.2
WRND IQ Global Equity R&D Leaders ETF 7.2 18 7 4.0 -1.5
DGT State Street SPDR Global Dow ETF 7.2 50 -25 5.7 +0.1
RGEF Rockefeller Global Equity ETF 7.0 55 -30 3.8 -1.7
IXG iShares Global Financials ETF 6.1 42 -17 6.3 +0.7
WLDR Affinity World Leaders Equity ETF 6.1 67 -42 5.8 +0.2
JIG JPMorgan International Growth ETF 6.1 55 -30 3.6 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 6.0 60 -35 9.4 +3.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.9 80 -55 3.6 -2.0
IVAL Alpha Architect International Quantitative Value ETF 5.9 49 -24 7.7 +2.2
AGQI First Trust Active Global Quality Income ETF 5.9 85 -60 6.5 +0.9
GEW Cambria Global EW ETF 5.8 29 -4 5.4 -0.1
QTUM Defiance Quantum ETF 5.8 40 -15 3.5 -2.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.7 25 0 5.5 -0.0
JSTC Adasina Social Justice All Cap Global ETF 5.6 89 -64 4.3 -1.2
IBOT Vaneck Robotics ETF 5.5 47 -22 3.2 -2.3
URTH iShares MSCI World ETF 5.5 24 1 4.3 -1.2
FYLD Cambria Foreign Shareholder Yield ETF 5.4 59 -34 10.2 +4.6
KNO AXS Knowledge Leaders ETF 5.4 78 -53 4.0 -1.5
ESGG FlexShares STOXX Global ESG Select Index Fund 5.4 42 -17 4.0 -1.5
WWJD Inspire International ETF 5.3 80 -55 6.4 +0.9
NXTG First Trust Indxx NextG ETF 5.2 70 -45 3.4 -2.1
FEOE First Eagle Overseas Equity ETF 5.2 79 -54 6.2 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.1 20 5 4.7 -0.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 5.0 45 -20 -0.9 -6.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.9 9 16 7.8 +2.3
KLMT Invesco MSCI Global Climate 500 ETF 4.9 10 15 5.0 -0.6
IPKW Invesco International BuyBack Achievers ETF 4.9 55 -30 8.2 +2.6
ACWI iShares MSCI ACWI ETF 4.8 32 -7 4.6 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.8 9 16 4.9 -0.7
ROBO ROBO Global Robotics & Automation Index ETF 4.8 95 -70 2.3 -3.3
GLBL Pacer MSCI World Industry Advantage ETF 4.6 65 -40 3.4 -2.2
IXP iShares Global Comm Services ETF 4.6 42 -17 5.7 +0.1
DWX SPDR S&P International Dividend ETF 4.5 45 -20 6.8 +1.3
IDMO Invesco S&P International Developed Momentum ETF 4.5 25 0 5.3 -0.2
VT Vanguard Total World Stock ETF 4.4 6 19 5.0 -0.5
JGLO JPMorgan Global Select Equity ETF 4.3 33 -8 4.3 -1.2
DSTX Distillate International Fundamental Stability & Value ETF 4.3 55 -30 6.7 +1.1
NUKZ Range Nuclear Renaissance Index ETF 4.3 85 -60 1.3 -4.2
GLOF iShares Global Equity Factor ETF 4.3 20 5 5.6 +0.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.2 65 -40 1.4 -4.2
IBAT iShares Energy Storage & Materials ETF 4.0 47 -22 1.5 -4.0
KNCT Invesco Next Gen Connectivity ETF 3.9 40 -15 2.9 -2.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.9 75 -50 1.7 -3.8
BKCI BNY Mellon Concentrated International ETF 3.9 80 -55 4.9 -0.7
DTH WisdomTree International High Dividend Fund 3.9 58 -33 7.4 +1.9
FEGE First Eagle Global Equity ETF 3.8 79 -54 6.1 +0.5
DINT Davis Select International ETF 3.8 55 -30 6.1 +0.6
IXN iShares Global Tech ETF 3.6 41 -16 2.6 -2.9
IXJ iShares Global Healthcare ETF 3.6 42 -17 6.3 +0.8
FBOT Fidelity Disruptive Automation ETF 3.5 50 -25 2.9 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.5 47 -22 5.0 -0.6
FPXI First Trust International Equity Opportunities ETF 3.5 70 -45 3.7 -1.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.4 75 -50 3.4 -2.2
IPAV Global X Infrastructure Development ex-U.S. ETF 3.4 55 -30 5.7 +0.2
CGDG Capital Group Dividend Growers ETF 3.3 47 -22 5.2 -0.3
BNGE First Trust S-Network Streaming and Gaming ETF 3.2 70 -45 3.1 -2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.2 12 13 4.4 -1.1
BLES Inspire Global Hope ETF 3.2 61 -36 5.7 +0.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.1 58 -33 3.4 -2.2
BINV Brandes International ETF 3.1 70 -45 8.6 +3.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.1 70 -45 2.2 -3.3
ARVR First Trust Indxx Metaverse ETF 3.1 70 -45 3.6 -1.9
AQLT iShares MSCI Global Quality Factor ETF 3.1 18 7 0.0 -5.5
KXI iShares Global Consumer Staples ETF 3.0 41 -16 5.3 -0.2
URA Global X Uranium ETF 3.0 69 -44 0.9 -4.7
FDTX Fidelity Disruptive Technology ETF 2.8 50 -25 1.5 -4.0
DRIV Global X Autonomous & Electric Vehicles ETF 2.8 68 -43 2.9 -2.6
XT iShares Exponential Technologies ETF 2.8 46 -21 3.8 -1.7
CRAK VanEck Oil Refiners ETF 2.7 61 -36 9.2 +3.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.7 45 -20 1.8 -3.7
MXI iShares Global Materials ETF 2.6 41 -16 6.0 +0.4
EV Mast Global Battery Recycling & Production ETF 2.5 65 -40 6.3 +0.8
IDOG ALPS International Sector Dividend Dogs ETF 2.4 50 -25 9.2 +3.7
METV Roundhill Ball Metaverse ETF 2.3 59 -34 8.1 +2.6
MINV Matthews Asia Innovators Active ETF 2.3 79 -54 5.1 -0.4
HUMN Roundhill Humanoid Robotics ETF 2.1 75 -50 1.1 -4.4
KOCG FIS Knights of Columbus Global Belief ETF 2.1 75 -50 4.4 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 -14 6.8 +1.3
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 -44 1.8 -3.7
OAIM OneAscent International Equity ETF 2.0 95 -70 4.7 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 -24 4.5 -1.1
HYDR Global X Hydrogen ETF 1.9 50 -25 -4.8 -10.4
FAN First Trust Global Wind Energy ETF 1.9 60 -35 2.8 -2.8
CHAT Roundhill Generative AI & Technology ETF 1.9 75 -50 3.9 -1.6
PCGG Polen Capital Global Growth ETF 1.8 85 -60 3.9 -1.6
ARTY iShares Future AI & Tech ETF 1.8 47 -22 2.4 -3.2
DTEC ALPS Disruptive Technologies ETF 1.7 50 -25 3.6 -2.0
IOO iShares Global 100 ETF 1.7 41 -16 3.8 -1.7
MDEV First Trust Indxx Medical Devices ETF 1.7 70 -45 5.1 -0.5
IGPT Invesco AI and Next Gen Software ETF 1.6 60 -35 2.4 -3.2
AIVC Amplify Bloomberg AI Value Chain ETF 1.6 59 -34 3.3 -2.2
SAGP Strategas Global Policy Opportunities ETF 1.6 65 -40 4.9 -0.6
DEW WisdomTree Global High Dividend Fund 1.6 58 -33 7.2 +1.7
GINN Goldman Sachs Innovate Equity ETF 1.6 52 -27 3.7 -1.8
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 -35 7.8 +2.2
AIQ Global X Artificial Intelligence & Technology ETF 1.5 68 -43 2.7 -2.9
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 -14 8.1 +2.6
TTAI FCF International Quality ETF 1.5 59 -34 6.8 +1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.5 12 13 8.8 +3.2
OCEN IQ Clean Oceans ETF 1.5 45 -20 4.6 -1.0
WDIV SPDR S&P Global Dividend ETF 1.4 40 -15 9.1 +3.5
LIT Global X Lithium & Battery Tech ETF 1.4 75 -50 5.0 -0.6
JXI iShares Global Utilities ETF 1.4 43 -18 5.2 -0.4
ESPO VanEck Video Gaming and eSports ETF 1.3 56 -31 6.7 +1.2
NERD Roundhill Video Games ETF 1.3 50 -25 8.1 +2.6
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 -35 4.7 -0.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.3 52 -27 8.0 +2.5
JDOC JPMorgan Healthcare Leaders ETF 1.3 65 -40 3.5 -2.0
AKAF The Frontier Economic Fund 1.2 20 5 5.2 -0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 15 8.6 +3.1
IXC iShares Global Energy ETF 1.2 44 -19 7.3 +1.8
GDOC Goldman Sachs Future Health Care Equity ETF 1.1 75 -50 1.0 -4.6
AIRL Themes Airlines ETF 1.1 35 -10 1.6 -3.9
IQM Franklin Intelligent Machines ETF 1.1 50 -25 1.1 -4.5
HERO Global X Video Games & Esports ETF 1.1 50 -25 6.0 +0.5
GGME Invesco Next Gen Media and Gaming ETF 1.1 60 -35 4.4 -1.1
IFGL iShares International Developed Real Estate ETF 1.1 48 -23 7.5 +2.0
ERET iShares Environmentally Aware Real Estate ETF 1.1 30 -5 6.9 +1.3
ION ProShares S&P Global Core Battery Metals ETF 1.1 58 -33 5.9 +0.3
AGNG Global X Aging Population ETF 1.0 50 -25 4.4 -1.2
IQRA IQ CBRE Real Assets ETF 1.0 65 -40 5.9 +0.3
MOTI VanEck Morningstar International Moat ETF 1.0 58 -33 10.2 +4.7
CZAR Themes Natural Monopoly ETF 1.0 35 -10 5.4 -0.1
HAP VanEck Natural Resources ETF 0.9 50 -25 6.8 +1.2
IDNA iShares Genomics Immunology and Healthcare ETF 0.9 47 -22 -0.3 -5.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.9 49 -24 6.1 +0.6
SLX VanEck Steel ETF 0.9 56 -31 10.1 +4.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 -14 8.0 +2.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -47 2.2 -3.3
BATT Amplify Lithium & Battery Technology ETF 0.9 59 -34 1.9 -3.7
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -40 24.7 +19.2
JETS U.S. Global Jets ETF 0.8 60 -35 2.5 -3.0
SCHY Schwab International Dividend Equity ETF 0.8 14 11 8.5 +2.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 -40 7.3 +1.7
DWLD Davis Select Worldwide ETF 0.8 63 -38 6.7 +1.2
ISHP First Trust Nasdaq Retail ETF 0.8 60 -35 5.5 -0.1
SHPP Pacer Industrials and Logistics ETF 0.8 60 -35 6.6 +1.0
ANEW ProShares MSCI Transformational Changes ETF 0.8 45 -20 4.4 -1.1
IVRS iShares Future Metaverse Tech and Communications ETF 0.8 47 -22 5.2 -0.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 -30 3.7 -1.8
JAPN Horizon Kinetics Japan Owner Operator ETF 0.7 85 -60 6.1 +0.6
MOTO SmartETFs Smart Transportation & Technology ETF 0.7 68 -43 5.2 -0.4
EFAS Global X MSCI SuperDividend EAFE ETF 0.7 57 -32 7.3 +1.8
TINY ProShares Nanotechnology ETF 0.7 58 -33 1.3 -4.3
BAI iShares AI Innovation and Tech Active ETF 0.7 55 -30 0.9 -4.6
FPAG FPA Global Equity ETF 0.7 49 -24 5.8 +0.3
TMFG Motley Fool Global Opportunities ETF 0.7 85 -60 3.7 -1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -31 9.8 +4.2
ARKX ARK Space Exploration & Innovation ETF 0.6 75 -50 -0.0 -5.6
HART IQ Healthy Hearts ETF 0.6 45 -20 5.8 +0.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 -14 0.9 -4.6
SNSR Global X Internet of Things ETF 0.6 68 -43 3.2 -2.3
AGIX KraneShares Artificial Intelligence and Technology ETF 0.6 99 -74 1.0 -4.5
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 -25 6.3 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -34 7.4 +1.9
OZEM Roundhill GLP-1 & Weight Loss ETF 0.6 59 -34 5.5 0.0
THNR Amplify Weight Loss Drug & Treatment ETF 0.6 59 -34 5.9 +0.4
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 -23 2.5 -3.1
ARKF ARK Fintech Innovation ETF 0.5 75 -50 0.3 -5.2
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 10 5.7 +0.2
BLOK Amplify Transformational Data Sharing ETF 0.5 75 -50 -0.1 -5.7
STCE Schwab Crypto Thematic ETF 0.5 30 -5 2.4 -3.2
CGGO Capital Group Global Growth Equity ETF 0.5 47 -22 4.1 -1.5
RCGE RockCreek Global Equality ETF 0.4 95 -70 6.2 +0.6
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 -10 4.2 -1.4
CANC Tema Oncology ETF 0.4 75 -50 -2.4 -8.0
HRTS Tema Heart & Health ETF 0.4 75 -50 2.9 -2.6
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -45 7.2 +1.7
KROP Global X AgTech & Food Innovation ETF 0.4 50 -25 6.8 +1.2
MOO VanEck Agribusiness ETF 0.4 53 -28 9.2 +3.7
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 -14 7.7 +2.1
VIDI Vident International Equity Strategy ETF 0.4 61 -36 8.1 +2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 -21 7.8 +2.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 -21 5.0 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 -20 7.3 +1.7
DVYA iShares Asia/Pacific Dividend ETF 0.3 49 -24 7.1 +1.6
GNR SPDR S&P Global Natural Resources ETF 0.3 40 -15 8.6 +3.0
IBUY Amplify Online Retail ETF 0.3 65 -40 2.3 -3.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -60 2.8 -2.7
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -60 3.9 -1.6
ICLN iShares Global Clean Energy ETF 0.3 41 -16 1.7 -3.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -34 2.2 -3.3
EBIZ Global X E-Commerce ETF 0.3 50 -25 4.9 -0.7
FICS First Trust International Developed Capital Strength ETF 0.3 70 -45 6.8 +1.3
OND ProShares On-Demand ETF 0.3 58 -33 0.5 -5.0
POW VistaShares Electrification Supercycle ETF 0.3 75 -50 2.0 -3.5
COPX Global X Copper Miners ETF 0.2 65 -40 4.3 -1.2
GMET VanEck Green Metals ETF 0.2 63 -38 0.5 -5.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 -22 5.1 -0.5
AVRE Avantis Real Estate ETF 0.2 17 8 6.8 +1.2
REET iShares Global REIT ETF 0.2 14 11 7.0 +1.4
DFGR Dimensional Global Real Estate ETF 0.2 22 3 7.0 +1.4
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 -22 7.0 +1.4
FDVV Fidelity High Dividend ETF 0.2 15 10 6.6 +1.1
AZTD Aztlan Global Stock Selection DM SMID ETF 0.2 75 -50 4.1 -1.4
BOAT SonicShares Global Shipping ETF 0.2 69 -44 21.3 +15.8
PIO Invesco Global Water ETF 0.2 75 -50 4.5 -1.1
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -33 7.4 +1.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -61 13.4 +7.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 -35 9.2 +3.6
SOCL Global X Social Media ETF 0.1 65 -40 12.5 +7.0
FMET Fidelity Metaverse ETF 0.1 39 -14 4.3 -1.3
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 -34 2.0 -3.6
PRNT 3D Printing ETF 0.1 66 -41 1.2 -4.3
CLOU Global X Cloud Computing ETF 0.1 68 -43 2.5 -3.1

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:		 Goldman Sachs ActiveBeta Japan Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 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.