Themes Lithium & Battery Metal Miners ETF
ALTAR
Score™		 3.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -74.3x P/Sales
ratio		 2.8x
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 10.5 %
ALBEMARLE CORP 7.7 %
GUANGZHOU TINCI MATERIALS TECHNOLO 5.1 %
ZHEJIANG HUAYOU COBALT CO. LTD. CL 4.7 %
INDEPENDENCE GROUP NL 4.6 %
CORE LITHIUM LTD 4.6 %
TIANQI LITHIUM INDUSTRIES, INC. CL 4.5 %
MINERAL RESOURCES LTD 3.6 %
JIANGXI GANFENG LITHIUM CO., LTD. 3.2 %
LIONTOWN RESOURCES LIMITED 3.2 %
Total 51.9 %

TOP COUNTRY EXPOSURE
CHINA 35.3 %
AUSTRALIA 31.7 %
UNITED STATES 7.3 %
CANADA 6.9 %
FRANCE 2.9 %
CHILE 1.5 %
NETHERLANDS 1.0 %




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.
-14.0% 7.3% -- -- 27.2%

Market Correlations
versus... Beta R-squared
S&P500 1.49 21%
MSCI EAFE 1.32 25%
MSCI Emg. Mkts. 0.89 29%

Technical Indicators
Recent close $40.13
30d moving avg. $41.73
Annualized volatility 34.8%
Short interest (ETF) 0.3%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.04%
ADV underlying (mns) $1,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 300 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 25.6 47 -12 4.9 +1.3
REMX VanEck Rare Earth/Strategic Metals ETF 23.5 54 -19 4.0 +0.4
LIT Global X Lithium & Battery Tech ETF 23.1 75 -40 5.9 +2.3
ION ProShares S&P Global Core Battery Metals ETF 21.5 58 -23 7.2 +3.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 14.1 72 -37 2.8 -0.8
SETM Sprott Energy Transition Materials ETF 12.8 65 -30 2.0 -1.5
BATT Amplify Lithium & Battery Technology ETF 11.2 59 -24 2.1 -1.5
DRIV Global X Autonomous & Electric Vehicles ETF 9.3 68 -33 3.6 -0.0
IDRV iShares Self-driving EV & Tech ETF 9.3 47 -12 1.7 -1.9
GMET VanEck Green Metals ETF 6.5 63 -28 0.8 -2.8
RSPM Invesco S&P 500 Equal Weight Materials ETF 6.2 40 -5 6.0 +2.4
EV Mast Global Battery Recycling & Production ETF 5.8 65 -30 6.4 +2.9
NIKL Sprott Nickel Miners ETF 5.5 75 -40 9.5 +5.9
ACES ALPS Clean Energy ETF 5.3 55 -20 -3.1 -6.7
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.2 58 -23 -2.0 -5.6
PBW Invesco WilderHill Clean Energy ETF 4.5 66 -31 -3.4 -7.0
CARZ First Trust NASDAQ Global Auto Index Fund 2.7 70 -35 2.4 -1.2
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.5 60 -25 4.7 +1.1
ARGT Global X MSCI Argentina ETF 2.3 59 -24 3.7 +0.2
XLB Materials Select Sector SPDR 2.0 8 27 5.8 +2.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 -14 4.6 +1.0
SLX VanEck Steel ETF 1.8 56 -21 10.6 +7.0
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.7 60 -25 8.0 +4.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 -4 8.3 +4.7
GRNJ Fundstrat Granny Shots US Small & Mid Cap ETF 1.5 75 -40 2.0 -1.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.5 65 -30 5.0 +1.4
FTAG First Trust Indxx Global Agriculture ETF 1.5 70 -35 7.3 +3.7
OTGL OTG Latin America ETF 1.5 269 -234 8.0 +4.4
ILF iShares Latin America 40 ETF 1.5 48 -13 9.7 +6.1
FLAU Franklin FTSE Australia ETF 1.5 9 26 6.0 +2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 -30 6.8 +3.2
IYM iShares U.S. Basic Materials ETF 1.4 40 -5 4.6 +1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.4 80 -45 3.9 +0.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.3 39 -4 1.2 -2.4
TMAT Main Thematic Innovation ETF 1.3 164 -129 -1.9 -5.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 -40 2.0 -1.6
FMAT Fidelity MSCI Materials Index ETF 1.2 8 27 5.4 +1.8
CVAR Cultivar ETF 1.2 87 -52 7.0 +3.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 0 11.5 +7.9
MXI iShares Global Materials ETF 1.1 41 -6 6.1 +2.6
SMOT VanEck Morningstar SMID Moat ETF 1.0 49 -14 6.7 +3.2
VAW Vanguard Materials ETF 1.0 9 26 5.4 +1.8
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 16.3 +12.7
PBD Invesco Global Clean Energy ETF 0.9 75 -40 0.4 -3.2
EWA iShares MSCI Australia ETF 0.8 50 -15 5.4 +1.9
MCH Matthews China Active ETF 0.8 79 -44 16.1 +12.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.8 15 20 5.1 +1.6
ICAP InfraCap Equity Income Fund ETF 0.8 171 -136 4.8 +1.2
FXZ First Trust Materials AlphaDEX Fund 0.7 61 -26 7.1 +3.5
COPA Themes Copper Miners ETF 0.7 35 0 2.9 -0.7
XT iShares Exponential Technologies ETF 0.7 46 -11 3.8 +0.3
SPHB Invesco S&P 500 High Beta ETF 0.7 25 10 3.5 -0.1
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 -27 1.6 -2.0
SDY State Street SPDR S&P Dividend ETF 0.6 35 0 6.4 +2.8
JAVA JPMorgan Active Value ETF 0.6 44 -9 5.5 +1.9
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -44 4.1 +0.5
STXM Strive Mid-Cap ETF 0.5 18 17 6.1 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 -12 5.0 +1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -14 6.1 +2.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 31 17.7 +14.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 -5 6.2 +2.6
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 -3 8.5 +4.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 28 5.4 +1.8
GWX SPDR S&P International Small Cap ETF 0.4 40 -5 5.8 +2.2
CGGR Capital Group Growth ETF 0.4 39 -4 2.6 -1.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 -4 8.4 +4.8
EWN iShares MSCI Netherlands ETF 0.4 50 -15 4.5 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 4 5.5 +1.9
GVLU Gotham 1000 Value ETF 0.4 50 -15 8.3 +4.8
BIBL Inspire 100 ETF 0.4 35 0 4.2 +0.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.4 15 20 6.6 +3.0
FLCH Franklin FTSE China ETF 0.3 19 16 19.9 +16.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 8.7 +5.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 6.7 +3.2
AVDS Avantis International Small Cap Equity ETF 0.3 30 5 6.0 +2.4
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -71 10.5 +6.9
WSML iShares MSCI World Small-Cap ETF 0.3 15 20 5.5 +1.9
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 31 6.0 +2.4
IPAC iShares Core MSCI Pacific ETF 0.3 9 26 5.3 +1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 11 7.5 +3.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 17 6.3 +2.7
TCHI iShares MSCI China Multisector Tech ETF 0.2 59 -24 16.6 +13.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 5.0 +1.5
VBK Vanguard Small-Cap Growth ETF 0.2 7 28 1.3 -2.3
VPL Vanguard FTSE Pacific ETF 0.2 7 28 5.0 +1.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 15 6.3 +2.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 15 0.8 -2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 3 7.6 +4.0
SGLC SGI U.S. Large Cap Core ETF 0.2 85 -50 3.6 +0.0
DFIS Dimensional International Small Cap ETF 0.2 39 -4 6.2 +2.6
SMMD iShares Russell 2500 ETF 0.2 15 20 5.7 +2.1
BLES Inspire Global Hope ETF 0.2 61 -26 5.9 +2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 5.3 +1.7
VB Vanguard Small-Cap ETF 0.2 5 30 5.4 +1.8
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 10 4.2 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -4 6.3 +2.7
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.0 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 -7 5.6 +2.1
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 22 1.7 -1.9
AVIV Avantis International Large Cap Value ETF 0.2 25 10 7.0 +3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 20 5.0 +1.5
VBR Vanguard Small Cap Value ETF 0.2 7 28 8.1 +4.5
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 12 5.4 +1.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 2 5.9 +2.4
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 5.7 +2.2
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 7.3 +3.7
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.1 +2.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 5.6 +2.0
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -23 6.2 +2.6
AVSD Avantis Responsible International Equity ETF 0.1 23 12 6.0 +2.4
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 6.6 +3.0
DXIV Dimensional International Vector Equity ETF 0.1 34 1 6.7 +3.1
FDMO Fidelity Momentum Factor ETF 0.1 15 20 2.5 -1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 6.8 +3.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 6.3 +2.7
EQL Alps Equal Sector Weight ETF 0.1 25 10 5.3 +1.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 27 6.4 +2.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.8 +2.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 21 5.3 +1.7
PTL Inspire 500 ETF 0.1 9 26 4.6 +1.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 -23 7.9 +4.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 -10 8.0 +4.4
IUS Invesco RAFI Strategic US ETF 0.1 19 16 5.5 +1.9
AVDE Avantis International Equity ETF 0.1 23 12 6.3 +2.7
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 6.1 +2.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 29 3.4 -0.2
IWR iShares Russell Midcap ETF 0.1 19 16 5.5 +1.9
VSGX Vanguard ESG International Stock ETF 0.1 10 25 6.6 +3.0
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.0 +3.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 3.9 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 23 4.8 +1.2
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 7.6 +4.0
AVEM Avantis Emerging Markets Equity ETF 0.1 33 2 6.9 +3.3
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 31 5.2 +1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 6.4 +2.8
IMCV iShares Morningstar Mid-Cap Value ETF 0.1 6 29 7.1 +3.5
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 6.1 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.9 +2.3
SPMO Invesco S&P 500 Momentum ETF 0.1 13 22 2.9 -0.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 6.1 +2.5
VEA Vanguard FTSE Developed Markets ETF 0.1 3 32 5.9 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 0 6.9 +3.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 31 6.7 +3.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 32 5.8 +2.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 0 1.1 -2.5
XOEF iShares S&P 500 ex S&P 100 ETF 0.1 20 15 4.8 +1.2
BKIE BNY Mellon International Equity ETF 0.1 4 31 18.1 +14.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 7.0 +3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 -1 5.8 +2.2
IQSI IQ Candriam International Equity ETF 0.1 15 20 5.6 +2.0
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 5.7 +2.1
SCHF Schwab International Equity ETF 0.1 6 29 5.9 +2.3
DIHP Dimensional International High Profitability ETF 0.1 29 6 5.9 +2.3
VXUS Vanguard Total International Stock ETF 0.1 5 30 6.6 +3.1
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -55 3.1 -0.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.0 +3.4
PFM Invesco Dividend Achievers ETF 0.1 53 -18 4.8 +1.3
FENI Fidelity Enhanced International ETF 0.1 28 7 5.8 +2.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 15 6.2 +2.6
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 6.6 +3.0
VIG Vanguard Dividend Appreciation ETF 0.1 5 30 5.1 +1.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.3 +5.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 5 4.7 +1.1
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 6.0 +2.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 1 5.6 +2.0
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 6.3 +2.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 7.4 +3.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.2 +1.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 6.5 +2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -53 8.5 +4.9
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 4.9 +1.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 23 5.3 +1.7
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 24.1 +20.5
USEW Cambria US EW ETF 0.1 30 5 4.2 +0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 6.9 +3.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.7 +2.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 9.1 +5.5
GSPY Gotham Enhanced 500 ETF 0.1 50 -15 4.3 +0.7
EFA iShares MSCI EAFE ETF 0.1 35 0 5.8 +2.2
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 0 5.7 +2.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 26 5.1 +1.5
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 25 4.3 +0.8
VOOV Vanguard S&P 500 Value ETF 0.1 7 28 5.8 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 26 4.4 +0.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.2 +0.6
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 -9 7.5 +4.0
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.5 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 3.2 -0.3
SSPY Syntax Stratified LargeCap ETF 0.1 30 5 6.2 +2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 17 6.4 +2.8
IVE iShares S&P 500 Value ETF 0.0 18 17 5.6 +2.1
APIE ActivePassive International Equity ETF 0.0 45 -10 6.5 +2.9
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.0 4 31 5.8 +2.2
DISV Dimensional International Small Cap Value ETF 0.0 42 -7 8.0 +4.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 -6 4.8 +1.2
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 5.8 +2.2
IUSV iShares Core S&P US Value ETF 0.0 4 31 5.9 +2.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 4.7 +1.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 4.7 +1.1
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 -5 3.8 +0.2
VT Vanguard Total World Stock ETF 0.0 6 29 5.0 +1.4
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.1 +0.5
ENHU iShares Enhanced Large Cap Core Active ETF 0.0 22 13 4.1 +0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 4.0 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.5 +3.9
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 26 4.0 +0.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.0 32 3 3.9 +0.3
AVUS Avantis U.S. Equity ETF 0.0 15 20 4.8 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 -15 7.9 +4.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 15 5.7 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 6.4 +2.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 20 8.9 +5.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.2 +0.6
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
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 10 6.2 +2.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 4.9 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 6.8 +3.2
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 17 5.4 +1.8
VONV Vanguard Russell 1000 Value ETF 0.0 7 28 5.4 +1.8
IWD iShares Russell 1000 Value ETF 0.0 19 16 5.3 +1.7
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 3.9 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.0 45 -10 3.6 +0.0
DXUV Dimensional US Vector Equity ETF 0.0 28 7 5.2 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 7.4 +3.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.2 +2.6
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 17 4.4 +0.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 4.6 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 1 6.4 +2.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 6.2 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 26 4.1 +0.5
VOTE TCW Transform 500 ETF 0.0 5 30 4.1 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 26 3.9 +0.4
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.7 +0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -23 8.6 +5.0
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 24 4.3 +0.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 5.8 +2.2
JHMD John Hancock Multifactor Developed International ETF 0.0 39 -4 6.3 +2.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 4.2 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 4.8 +1.2
STXG Strive 1000 Growth ETF 0.0 18 17 3.3 -0.3
TOPC iShares S&P 500 3% Capped ETF 0.0 15 20 4.4 +0.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 4.3 +0.7
XVV iShares ESG Screened S&P 500 ETF 0.0 8 27 4.1 +0.6
GXC SPDR S & P China ETF 0.0 59 -24 20.5 +16.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -30 6.7 +3.1
ILCG iShares Morningstar Growth ETF 0.0 4 31 3.2 -0.4
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 15 4.0 +0.4
VOO Vanguard S&P 500 ETF 0.0 3 32 4.2 +0.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 4.4 +0.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.0 18 17 3.9 +0.3
SPY SPDR S&P 500 ETF 0.0 9 26 4.2 +0.6
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 32 4.1 +0.5
IVV iShares Core S&P 500 ETF 0.0 3 32 4.2 +0.6
SPYM State Street SPDR Portfolio S&P 500 ETF 0.0 2 33 4.2 +0.6
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.1 +0.5
IWB iShares Russell 1000 ETF 0.0 15 20 4.2 +0.6
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.1 +0.5
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.3 +0.7
SCHK Schwab 1000 Index ETF 0.0 5 30 4.3 +0.7
VONE Vanguard Russell 1000 ETF 0.0 7 28 4.2 +0.7
RAUS RACWI US ETF 0.0 15 20 4.1 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 4.4 +0.8
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.1 +0.6
RWL Invesco S&P 500 Revenue ETF 0.0 39 -4 5.8 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.1 +0.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.2 +0.7
CHRI Global X S&P 500 Christian Values ETF 0.0 29 6 3.9 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 6 4.1 +0.5
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.1 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.4 +4.9
IWV iShares Russell 3000 ETF 0.0 20 15 4.0 +0.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 23 6.3 +2.7
ILCV iShares Morningstar Value ETF 0.0 4 31 5.3 +1.7
SFY SoFi Select 500 ETF 0.0 0 35 3.7 +0.1
INTF iShares International Equity Factor ETF 0.0 15 20 6.5 +2.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 5 7.4 +3.9
TOK iShares MSCI Kokusai ETF 0.0 26 9 4.3 +0.7
URTH iShares MSCI World ETF 0.0 24 11 4.3 +0.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 -18 4.9 +1.3
ACWI iShares MSCI ACWI ETF 0.0 32 3 4.6 +1.1
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.8 +3.2
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.6 +3.1
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 6.1 +2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 5.7 +2.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 -10 5.5 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 5 3.7 +0.1
ACVF American Conservative Values ETF 0.0 75 -40 3.7 +0.2
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 9.5 +5.9
STXV Strive 1000 Value ETF 0.0 18 17 7.0 +3.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 6.1 +2.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.2 +1.6
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.8 +3.2
EBI Longview Advantage ETF 0.0 35 0 5.9 +2.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 8.6 +5.0
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.5 +6.0
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 15 7.7 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 -6 5.9 +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.