Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 3.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -75.3x P/Sales
ratio		 2.9x
P/BV
ratio		 2.2x Div.
yield		 1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Lithium & Battery Metal Miners ETF seeks to provide investors with exposure to companies involved in the mining and production of lithium and other battery metals to benefit from the growing demand in the electric vehicle and renewable energy sectors.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/LIMI/
Inception date Sep 23, 2024
Assets (mns) $2
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 31
Wgt avg mkt cap (mns) $9,341
Large cap (>$10bn) 2.2%
Mid cap ($2-10bn) 68.7%
Small cap (<$2bn) 28.5%
Developed mkts 60.6%
Emerging mkts 39.4%

TOP TEN HOLDINGS
PILBARA MINERALS LIMITED 9.1 %
ALBEMARLE CORP 7.6 %
GUANGZHOU TINCI MATERIALS TECHNOLO 6.0 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 5.2 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.7 %
INDEPENDENCE GROUP NL 3.9 %
JIANGXI GANFENG LITHIUM CO., LTD. 3.5 %
CORE LITHIUM LTD 3.4 %
LIONTOWN RESOURCES LIMITED 3.3 %
MINERAL RESOURCES LTD 3.2 %
Total 50.0 %

TOP COUNTRY EXPOSURE
CHINA 37.8 %
AUSTRALIA 30.3 %
UNITED STATES 8.0 %
CANADA 7.1 %
FRANCE 3.0 %
CHILE 1.5 %
NETHERLANDS 1.1 %




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.
-16.7% 50.4% -- -- 27.8%

Market Correlations
versus... Beta R-squared
S&P500 1.43 17%
MSCI EAFE 1.30 21%
MSCI Emg. Mkts. 0.93 26%

Technical Indicators
Recent close $40.68
30d moving avg. $44.12
Annualized volatility 34.8%
Short interest (ETF) 4.3%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.15%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 305 potential alternatives to the Themes Lithium & Battery Metal Miners ETF ETF based on the alternatives' overlap in portfolio holdings with LIMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LIMI Expense: 35 bp ALTAR Score™: 3.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LIMI
Ticker Fund
Name		 Overlap1
vs LIMI
(%)		 Expense
ratio
(bp)		 Savings
vs LIMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs LIMI
(%)
ILIT iShares Lithium Miners and Producers ETF 24.0 47 -12 4.2 +0.7
LIT Global X Lithium & Battery Tech ETF 22.6 75 -40 5.6 +2.0
REMX VanEck Rare Earth/Strategic Metals ETF 22.5 54 -19 3.4 -0.1
ION ProShares S&P Global Core Battery Metals ETF 21.1 58 -23 6.5 +2.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 14.1 72 -37 2.5 -1.1
SETM Sprott Energy Transition Materials ETF 12.8 65 -30 1.9 -1.7
BATT Amplify Lithium & Battery Technology ETF 10.2 59 -24 2.0 -1.5
IDRV iShares Self-driving EV & Tech ETF 8.1 47 -12 1.5 -2.1
GMET VanEck Green Metals ETF 6.5 63 -28 1.2 -2.4
RSPM Invesco S&P 500 Equal Weight Materials ETF 6.2 40 -5 5.4 +1.9
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 6.4 +2.8
DRIV Global X Autonomous & Electric Vehicles ETF 5.1 68 -33 3.3 -0.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.8 58 -23 -1.9 -5.5
NIKL Sprott Nickel Miners ETF 4.7 75 -40 9.0 +5.5
ACES ALPS Clean Energy ETF 4.6 55 -20 -2.8 -6.3
PBW Invesco WilderHill Clean Energy ETF 4.5 66 -31 -3.0 -6.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.5 60 -25 4.2 +0.7
CARZ First Trust NASDAQ Global Auto Index Fund 2.4 70 -35 2.4 -1.2
ARGT Global X MSCI Argentina ETF 2.0 59 -24 3.3 -0.3
XLB Materials Select Sector SPDR 1.8 8 27 5.4 +1.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.8 39 -4 1.1 -2.4
SLX VanEck Steel ETF 1.6 56 -21 10.0 +6.4
IMOM Alpha Architect International Quantitative Momentum ETF 1.6 49 -14 4.5 +0.9
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.6 60 -25 7.8 +4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 -4 8.1 +4.5
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.5 65 -30 4.7 +1.2
FLAU Franklin FTSE Australia ETF 1.5 9 26 5.6 +2.0
OTGL OTG Latin America ETF 1.5 269 -234 7.6 +4.1
ILF iShares Latin America 40 ETF 1.5 48 -13 9.5 +6.0
FTAG First Trust Indxx Global Agriculture ETF 1.5 70 -35 7.0 +3.5
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 -30 6.3 +2.8
GPT Intelligent Alpha Atlas ETF 1.4 69 -34 6.1 +2.5
IYM iShares U.S. Basic Materials ETF 1.4 40 -5 4.5 +1.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.4 80 -45 3.7 +0.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.3 39 -4 1.1 -2.5
TMAT Main Thematic Innovation ETF 1.3 164 -129 -1.9 -5.5
FMAT Fidelity MSCI Materials Index ETF 1.2 8 27 5.1 +1.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 -40 2.0 -1.6
CVAR Cultivar ETF 1.2 87 -52 6.7 +3.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 0 10.6 +7.0
GRNJ Fundstrat Granny Shots US Small & Mid Cap ETF 1.1 75 -40 1.9 -1.6
MXI iShares Global Materials ETF 1.1 41 -6 6.0 +2.4
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 -14 6.1 +2.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -44 7.3 +3.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 3 14.1 +10.5
VAW Vanguard Materials ETF 0.9 9 26 5.1 +1.5
PBD Invesco Global Clean Energy ETF 0.9 75 -40 0.3 -3.2
MCH Matthews China Active ETF 0.8 79 -44 14.8 +11.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.8 15 20 4.9 +1.3
FXZ First Trust Materials AlphaDEX Fund 0.7 61 -26 6.8 +3.3
ICAP InfraCap Equity Income Fund ETF 0.7 171 -136 4.3 +0.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.7 65 -30 4.6 +1.0
SPHB Invesco S&P 500 High Beta ETF 0.7 25 10 3.5 -0.0
COPA Themes Copper Miners ETF 0.6 35 0 3.0 -0.6
EWA iShares MSCI Australia ETF 0.6 50 -15 5.1 +1.5
XT iShares Exponential Technologies ETF 0.6 46 -11 3.9 +0.3
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 -27 1.5 -2.0
JAVA JPMorgan Active Value ETF 0.6 44 -9 5.2 +1.6
ALTL Pacer Lunt Large Cap Alternator ETF 0.5 60 -25 4.7 +1.1
STXM Strive Mid-Cap ETF 0.5 18 17 5.9 +2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -14 5.9 +2.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 31 16.4 +12.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -44 3.9 +0.4
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 -3 7.8 +4.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 6.0 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 -12 4.7 +1.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 28 5.1 +1.5
CGGR Capital Group Growth ETF 0.4 39 -4 2.6 -1.0
GWX SPDR S&P International Small Cap ETF 0.4 40 -5 5.9 +2.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -25 5.9 +2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 4 5.2 +1.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 -4 8.3 +4.8
BIBL Inspire 100 ETF 0.4 35 0 4.1 +0.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.4 15 20 6.0 +2.5
FLCH Franklin FTSE China ETF 0.3 19 16 17.8 +14.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 6.6 +3.1
AVDS Avantis International Small Cap Equity ETF 0.3 30 5 5.9 +2.4
EWN iShares MSCI Netherlands ETF 0.3 50 -15 4.4 +0.8
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -71 9.6 +6.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 9.2 +5.7
GVLU Gotham 1000 Value ETF 0.3 50 -15 7.8 +4.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 11 6.9 +3.3
WSML iShares MSCI World Small-Cap ETF 0.3 15 20 5.2 +1.6
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 31 5.7 +2.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 17 5.8 +2.3
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 10 4.0 +0.5
TCHI iShares MSCI China Multisector Tech ETF 0.2 59 -24 14.4 +10.8
IPAC iShares Core MSCI Pacific ETF 0.2 9 26 5.3 +1.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 15 5.9 +2.4
SDY State Street SPDR S&P Dividend ETF 0.2 35 0 5.9 +2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 7.5 +3.9
SGLC SGI U.S. Large Cap Core ETF 0.2 85 -50 3.5 -0.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 4.7 +1.1
VBK Vanguard Small-Cap Growth ETF 0.2 7 28 1.2 -2.3
BLES Inspire Global Hope ETF 0.2 61 -26 5.5 +2.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 15 0.8 -2.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 5.0 +1.5
VPL Vanguard FTSE Pacific ETF 0.2 7 28 5.1 +1.6
SMMD iShares Russell 2500 ETF 0.2 15 20 5.2 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -4 6.1 +2.6
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 5.6 +2.1
DFIS Dimensional International Small Cap ETF 0.2 39 -4 6.0 +2.5
AVIV Avantis International Large Cap Value ETF 0.2 25 10 6.7 +3.2
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 22 1.7 -1.9
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 -7 5.2 +1.7
VB Vanguard Small-Cap ETF 0.2 5 30 5.0 +1.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 20 4.7 +1.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 6.1 +2.5
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 12 5.1 +1.6
VBR Vanguard Small Cap Value ETF 0.1 7 28 7.4 +3.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 5.5 +1.9
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 5.7 +2.2
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -23 5.8 +2.2
AVSD Avantis Responsible International Equity ETF 0.1 23 12 5.7 +2.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 27 6.3 +2.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 6.6 +3.0
FDMO Fidelity Momentum Factor ETF 0.1 15 20 2.4 -1.1
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 7.1 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 6.9 +3.3
DXIV Dimensional International Vector Equity ETF 0.1 34 1 6.5 +2.9
IUS Invesco RAFI Strategic US ETF 0.1 19 16 5.3 +1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 21 5.1 +1.6
PTL Inspire 500 ETF 0.1 9 26 4.3 +0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 8.0 +4.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 -23 7.5 +3.9
AVDE Avantis International Equity ETF 0.1 23 12 6.0 +2.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 5.5 +1.9
EQL Alps Equal Sector Weight ETF 0.1 25 10 5.0 +1.4
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 7.7 +4.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 7.0 +3.5
IWR iShares Russell Midcap ETF 0.1 19 16 5.1 +1.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 29 3.2 -0.4
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 6.1 +2.5
VSGX Vanguard ESG International Stock ETF 0.1 10 25 6.4 +2.9
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 6.6 +3.0
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 31 5.0 +1.4
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 5.9 +2.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.6 +2.1
SPMO Invesco S&P 500 Momentum ETF 0.1 13 22 2.9 -0.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.1 6 29 6.6 +3.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 7.0 +3.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 6.3 +2.7
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 3.7 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 23 4.8 +1.2
BKIE BNY Mellon International Equity ETF 0.1 4 31 17.4 +13.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 6.8 +3.2
IQSI IQ Candriam International Equity ETF 0.1 15 20 5.4 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 -1 5.9 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 5.8 +2.3
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 5.9 +2.3
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 5.2 +1.7
XOEF iShares S&P 500 ex S&P 100 ETF 0.1 20 15 4.5 +1.0
VEA Vanguard FTSE Developed Markets ETF 0.1 3 32 5.8 +2.2
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 0 0.9 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 6.5 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 5.7 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.1 +3.6
FENI Fidelity Enhanced International ETF 0.1 28 7 5.6 +2.0
PFM Invesco Dividend Achievers ETF 0.1 53 -18 4.5 +1.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.6 +2.0
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -55 3.0 -0.5
VXUS Vanguard Total International Stock ETF 0.1 5 30 6.5 +2.9
SCHF Schwab International Equity ETF 0.1 6 29 5.8 +2.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 15 5.8 +2.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.0 +5.5
DIHP Dimensional International High Profitability ETF 0.1 29 6 5.6 +2.1
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 4.7 +1.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -53 8.4 +4.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 1 5.4 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.1 +1.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 7.3 +3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 6.6 +3.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 23 5.1 +1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.0 +4.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 24.0 +20.5
DISV Dimensional International Small Cap Value ETF 0.1 42 -7 7.9 +4.3
VIG Vanguard Dividend Appreciation ETF 0.1 5 30 4.8 +1.2
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 6.4 +2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 7.0 +3.5
USEW Cambria US EW ETF 0.1 30 5 4.0 +0.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 5.8 +2.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 -18 5.1 +1.6
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 5.9 +2.3
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 9.4 +5.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 26 4.8 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 3.1 -0.4
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 7.5 +4.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 26 4.2 +0.7
SSPY Syntax Stratified LargeCap ETF 0.1 30 5 5.8 +2.3
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 25 4.2 +0.7
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.3 +0.8
GSPY Gotham Enhanced 500 ETF 0.1 50 -15 4.2 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 5 4.6 +1.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.0 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 17 6.2 +2.6
APIE ActivePassive International Equity ETF 0.0 45 -10 6.2 +2.6
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.0 4 31 5.5 +2.0
IVE iShares S&P 500 Value ETF 0.0 18 17 5.4 +1.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 15 5.4 +1.8
VOOV Vanguard S&P 500 Value ETF 0.0 7 28 5.5 +2.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 4.5 +1.0
IUSV iShares Core S&P US Value ETF 0.0 4 31 5.7 +2.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 4.5 +0.9
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 5.4 +1.9
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 0 5.5 +2.0
EFA iShares MSCI EAFE ETF 0.0 35 0 5.5 +2.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 4.8 +1.3
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 -5 3.8 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 3.9 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.5 +4.0
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 17 5.2 +1.6
ENHU iShares Enhanced Large Cap Core Active ETF 0.0 22 13 4.0 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 7.3 +3.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 7.5 +3.9
AVUS Avantis U.S. Equity ETF 0.0 15 20 4.6 +1.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 4.7 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 6.6 +3.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 15 5.5 +1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 10 5.9 +2.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.0 32 3 3.8 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 3.9 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.1 +0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 8.8 +5.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 -15 8.2 +4.6
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.0 +0.4
VT Vanguard Total World Stock ETF 0.0 6 29 4.9 +1.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 6.3 +2.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 28 5.1 +1.6
IWD iShares Russell 1000 Value ETF 0.0 19 16 5.0 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 3.6 +0.0
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 3.8 +0.2
DXUV Dimensional US Vector Equity ETF 0.0 28 7 5.0 +1.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 5.9 +2.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 3.8 +0.3
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 4.4 +0.9
JHMD John Hancock Multifactor Developed International ETF 0.0 39 -4 6.0 +2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -23 8.5 +4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.0 +0.5
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 4.3 +0.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 5.9 +2.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 4.2 +0.6
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.6 +0.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 5.5 +1.9
VOTE TCW Transform 500 ETF 0.0 5 30 4.0 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 3.9 +0.4
STXG Strive 1000 Growth ETF 0.0 18 17 3.2 -0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 6.7 +3.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 7.2 +3.6
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 5.8 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 4.7 +1.2
TOPC iShares S&P 500 3% Capped ETF 0.0 15 20 4.2 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 1 6.2 +2.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 4.2 +0.6
GXC SPDR S & P China ETF 0.0 59 -24 18.7 +15.1
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.0 +0.5
ILCG iShares Morningstar Growth ETF 0.0 4 31 3.1 -0.5
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 3.9 +0.3
VOO Vanguard S&P 500 ETF 0.0 3 32 4.1 +0.6
SPYM State Street SPDR Portfolio S&P 500 ETF 0.0 2 33 4.1 +0.6
IVV iShares Core S&P 500 ETF 0.0 3 32 4.1 +0.6
SPY SPDR S&P 500 ETF 0.0 9 26 4.0 +0.5
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 32 4.0 +0.5
TOV JLens 500 Jewish Advocacy U.S. ETF 0.0 18 17 3.8 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 4.3 +0.7
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 5.5 +1.9
RAUS RACWI US ETF 0.0 15 20 4.0 +0.5
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.0 +0.4
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.2 +0.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 4.2 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.5 +5.0
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.1 +0.6
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.0 +0.4
IWB iShares Russell 1000 ETF 0.0 15 20 4.0 +0.5
CHRI Global X S&P 500 Christian Values ETF 0.0 29 6 3.8 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 3.9 +0.4
SCHK Schwab 1000 Index ETF 0.0 5 30 4.1 +0.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.1 +0.6
IWV iShares Russell 3000 ETF 0.0 20 15 3.9 +0.3
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.0 +0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.0 +0.5
ILCV iShares Morningstar Value ETF 0.0 4 31 5.1 +1.5
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.0 +0.5
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 23 6.0 +2.4
SFY SoFi Select 500 ETF 0.0 0 35 3.7 +0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.5 +3.9
INTF iShares International Equity Factor ETF 0.0 15 20 6.3 +2.7
EBI Longview Advantage ETF 0.0 35 0 5.7 +2.1
TOK iShares MSCI Kokusai ETF 0.0 26 9 4.2 +0.6
URTH iShares MSCI World ETF 0.0 24 11 4.2 +0.6
ACVF American Conservative Values ETF 0.0 75 -40 3.6 +0.0
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.3 +5.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 5 3.6 +0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 5.4 +1.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 5.3 +1.7
ACWI iShares MSCI ACWI ETF 0.0 32 3 4.5 +1.0
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.2 +2.6
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.3 +2.7
STXV Strive 1000 Value ETF 0.0 18 17 6.6 +3.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 5.9 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.0 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.5 +5.0
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.3 +2.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.4 +5.8
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 15 7.0 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 5.8 +2.3

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 Lithium & Battery Metal 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 8.7 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.75 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.