MUFG Japan Small Cap Active ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 18.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MUFG Japan Small Cap Active ETF seeks to achieve long-term capital appreciation by investing primarily in small-cap Japanese equity securities through a dynamic, active investment strategy.

FUND BASICS
Category International Equities
Fund Sponsor MUFG
Website www.mufgetf.com/
Inception date Sep 16, 2025
Assets (mns) $20
Currency USD
Expense ratio 85 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 86
Wgt avg mkt cap (mns) $2,753
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KANDENKO CO LTD 2.4 %
SHIZUOKA FINANCIAL GROUP INC 2.2 %
TOKYO TATEMONO CO LTD 2.2 %
SAIZERIYA CO LTD 1.9 %
PENTA-OCEAN CONSTRUCTION CO 1.8 %
INFRONEER HOLDINGS INC 1.8 %
HACHIJUNI BANK LTD/THE 1.8 %
HASEKO CORP 1.7 %
JAPAN STEEL WORKS LTD 1.7 %
SOJITZ CORP 1.6 %
Total 19.0 %

TOP COUNTRY EXPOSURE
JAPAN 90.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.3% -- -- -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $53.41
30d moving avg. $51.45
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 174 potential alternatives to the MUFG Japan Small Cap Active ETF ETF based on the alternatives' overlap in portfolio holdings with MJSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MJSC Expense: 85 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MJSC
Ticker Fund
Name		 Overlap1
vs MJSC
(%)		 Expense
ratio
(bp)		 Savings
vs MJSC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MJSC
(%)
SCJ iShares MSCI Japan Small-Cap ETF 15.1 50 35 5.8 +0.7
JIVE JPMorgan International Value ETF 9.2 55 30 9.2 +4.2
DFJ WisdomTree Japan SmallCap Dividend Fund 7.7 58 27 6.2 +1.1
FJP First Trust Japan AlphaDEX Fund 7.6 80 5 6.8 +1.8
SCZ iShares MSCI EAFE Small-Cap ETF 5.1 40 45 6.1 +1.1
IMOM Alpha Architect International Quantitative Momentum ETF 4.8 49 36 3.9 -1.2
CGV Conductor Global Equity Value ETF 4.6 130 -45 6.7 +1.7
FNDC Schwab Fundamental International Small Co. Index ETF 4.4 39 46 5.1 +0.1
JAPN Horizon Kinetics Japan Owner Operator ETF 4.4 85 0 5.4 +0.4
RAYJ Rayliant SMDAM Japan Equity ETF 4.3 72 13 3.2 -1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.3 49 36 6.0 +0.9
AVDV Avantis International Small Cap Value ETF 3.9 36 49 7.5 +2.4
AVDS Avantis International Small Cap Equity ETF 3.8 30 55 5.8 +0.8
FLJP Franklin FTSE Japan ETF 3.2 9 76 5.4 +0.3
JPXN iShares JPX-Nikkei 400 ETF 3.2 48 37 5.6 +0.5
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 76 5.4 +0.3
DXJ WisdomTree Japan Hedged Equity Fund 3.1 48 37 5.6 +0.5
DFIS Dimensional International Small Cap ETF 3.0 39 46 6.1 +1.0
DLS WisdomTree International SmallCap Dividend Fund 2.9 58 27 7.1 +2.0
DIM WisdomTree International MidCap Dividend Fund 2.8 58 27 6.2 +1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.3 24 61 6.2 +1.1
PIO Invesco Global Water ETF 2.3 75 10 3.8 -1.2
TBLU Tortoise Global Water ESG ETF 2.3 40 45 4.1 -0.9
IPAC iShares Core MSCI Pacific ETF 2.2 9 76 5.5 +0.5
IBOT Vaneck Robotics ETF 2.2 47 38 3.4 -1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 5 7.0 +2.0
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 10 5.3 +0.2
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 62 7.3 +2.2
FEOE First Eagle Overseas Equity ETF 1.9 79 6 5.8 +0.7
DWM WisdomTree International Equity Fund 1.9 48 37 6.2 +1.2
KNO AXS Knowledge Leaders ETF 1.9 78 7 4.9 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.9 40 45 6.4 +1.3
VPL Vanguard FTSE Pacific ETF 1.9 7 78 5.6 +0.5
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 26 9.7 +4.6
GWX SPDR S&P International Small Cap ETF 1.8 40 45 5.8 +0.7
DFIC Dimensional International Core Equity 2 ETF 1.8 23 62 6.2 +1.2
ROBO ROBO Global Robotics & Automation Index ETF 1.8 95 -10 2.8 -2.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.8 39 46 7.0 +2.0
DXIV Dimensional International Vector Equity ETF 1.7 34 51 6.5 +1.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.6 80 5 8.9 +3.9
EVX VanEck Environmental Services ETF 1.6 55 30 2.2 -2.9
AQWA Global X Clean Water ETF 1.6 50 35 4.4 -0.6
ETEC iShares Breakthrough Environmental Solutions ETF 1.6 47 38 2.9 -2.1
JIG JPMorgan International Growth ETF 1.4 55 30 4.0 -1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 48 7.0 +2.0
AVSD Avantis Responsible International Equity ETF 1.4 23 62 4.6 -0.5
AVDE Avantis International Equity ETF 1.4 23 62 6.2 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 60 6.0 +0.9
UFO Procure Space ETF 1.3 75 10 0.1 -5.0
DWX SPDR S&P International Dividend ETF 1.3 45 40 6.5 +1.4
DFSI Dimensional International Sustainability Core 1 ETF 1.3 24 61 5.4 +0.4
CGW Invesco S&P Global Water Index ETF 1.3 57 28 4.2 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 56 6.6 +1.6
DISV Dimensional International Small Cap Value ETF 1.2 42 43 7.7 +2.6
PBD Invesco Global Clean Energy ETF 1.2 75 10 0.6 -4.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 46 5.6 +0.6
SCHC Schwab International Small-Cap Equity ETF 1.2 11 74 6.6 +1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 55 6.5 +1.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 40 1.6 -3.4
INTF iShares International Equity Factor ETF 1.1 15 70 6.5 +1.4
NUKZ Range Nuclear Renaissance Index ETF 1.1 85 0 1.0 -4.1
ARVR First Trust Indxx Metaverse ETF 1.1 70 15 3.9 -1.2
ESPO VanEck Video Gaming and eSports ETF 1.1 56 29 5.6 +0.5
HERO Global X Video Games & Esports ETF 1.1 50 35 4.8 -0.3
NERD Roundhill Video Games ETF 1.1 50 35 7.2 +2.1
HART IQ Healthy Hearts ETF 1.0 45 40 5.4 +0.4
DFAI Dimensional International Core Equity Market ETF 1.0 18 67 6.0 +0.9
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 25 3.4 -1.7
IBUY Amplify Online Retail ETF 1.0 65 20 1.6 -3.5
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.1 -1.0
JHID John Hancock International High Dividend ETF 0.9 46 39 8.1 +3.0
AVIV Avantis International Large Cap Value ETF 0.9 25 60 7.2 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.9 39 46 6.7 +1.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 30 5.6 +0.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 77 6.4 +1.3
DIHP Dimensional International High Profitability ETF 0.9 29 56 5.7 +0.7
IEFA iShares Core MSCI EAFE ETF 0.8 7 78 6.0 +1.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.8 68 17 4.2 -0.9
IBAT iShares Energy Storage & Materials ETF 0.8 47 38 2.3 -2.7
IDRV iShares Self-driving EV & Tech ETF 0.8 47 38 3.2 -1.8
CRAK VanEck Oil Refiners ETF 0.8 61 24 10.1 +5.0
IVAL Alpha Architect International Quantitative Value ETF 0.8 49 36 8.4 +3.3
FBOT Fidelity Disruptive Automation ETF 0.8 50 35 2.8 -2.2
FDEV Fidelity International Multifactor ETF 0.8 18 67 6.5 +1.4
FDHT Fidelity Digital Health ETF 0.8 39 46 1.3 -3.7
DFIV Dimensional International Value ETF 0.7 27 58 7.8 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 81 6.0 +1.0
IPKW Invesco International BuyBack Achievers ETF 0.7 55 30 7.8 +2.7
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 27 5.8 +0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 27 5.9 +0.9
MOO VanEck Agribusiness ETF 0.7 53 32 9.0 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 6.0 +1.0
GLOF iShares Global Equity Factor ETF 0.7 20 65 6.0 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 82 5.9 +0.9
SOCL Global X Social Media ETF 0.6 65 20 10.3 +5.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 76 6.8 +1.7
SCHF Schwab International Equity ETF 0.6 6 79 6.1 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.6 42 43 6.0 +0.9
STCE Schwab Crypto Thematic ETF 0.6 30 55 4.5 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 40 7.4 +2.3
IFGL iShares International Developed Real Estate ETF 0.6 48 37 6.4 +1.3
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 6.7 +1.6
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.2 +1.1
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 75 5.8 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 40 7.2 +2.2
FPXI First Trust International Equity Opportunities ETF 0.5 70 15 3.5 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 46 8.5 +3.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 60 7.9 +2.8
VSGX Vanguard ESG International Stock ETF 0.5 10 75 6.6 +1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 4.8 -0.2
BOTT Themes Robotics & Automation ETF 0.5 35 50 -1.3 -6.3
HUMN Roundhill Humanoid Robotics ETF 0.5 75 10 1.0 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 6.2 +1.1
VXUS Vanguard Total International Stock ETF 0.5 5 80 6.7 +1.7
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 45 8.8 +3.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.5 68 17 1.8 -3.2
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 66 5.7 +0.6
FPAG FPA Global Equity ETF 0.5 49 36 4.9 -0.1
DTH WisdomTree International High Dividend Fund 0.5 58 27 7.1 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 5.8 +0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.5 12 73 7.8 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 81 6.8 +1.7
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 25 0.3 -4.8
TAN Invesco Solar ETF 0.4 67 18 4.6 -0.5
FRNW Fidelity Clean Energy ETF 0.4 39 46 2.0 -3.0
FEGE First Eagle Global Equity ETF 0.4 79 6 5.5 +0.5
BKIE BNY Mellon International Equity ETF 0.4 4 81 6.0 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 5.9 +0.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 27 5.6 +0.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 61 6.2 +1.2
RNRG Global X Renewable Energy Producers ETF 0.4 66 19 4.9 -0.2
IQSI IQ Candriam International Equity ETF 0.4 15 70 5.6 +0.5
OCEN IQ Clean Oceans ETF 0.3 45 40 5.1 0.0
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 7.9 +2.8
EWJV iShares MSCI Japan Value ETF 0.3 15 70 7.1 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.4 +1.3
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 6.8 +1.8
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.4 +1.3
EWJ iShares MSCI Japan ETF 0.2 50 35 5.1 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.2 47 38 4.9 -0.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 30 4.2 -0.9
VT Vanguard Total World Stock ETF 0.2 6 79 5.2 +0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 60 5.5 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 56 5.3 +0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 60 5.4 +0.3
QINT American Century Quality Diversified International ETF 0.1 39 46 6.1 +1.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -4 4.3 -0.7
INEQ Columbia International Equity Income ETF 0.1 45 40 7.2 +2.1
WRND IQ Global Equity R&D Leaders ETF 0.1 18 67 6.8 +1.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 5.7 +0.6
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 55 8.4 +3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.5 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 43 4.7 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.4 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.9 -0.2
DEW WisdomTree Global High Dividend Fund 0.1 58 27 7.2 +2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 4.9 -0.1
EFV iShares MSCI EAFE Value ETF 0.1 34 51 7.5 +2.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 4.7 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 65 5.4 +0.4
EFA iShares MSCI EAFE ETF 0.1 35 50 5.7 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 5.8 +0.8
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 23 3.1 -1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 55 5.9 +0.9
EFG iShares MSCI EAFE Growth ETF 0.0 36 49 3.7 -1.3
IGPT Invesco AI and Next Gen Software ETF 0.0 60 25 3.5 -1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 44 6.4 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 6.4 +1.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 20 3.7 -1.4
XT iShares Exponential Technologies ETF 0.0 46 39 4.3 -0.7
ACWI iShares MSCI ACWI ETF 0.0 32 53 4.8 -0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 27 3.6 -1.4
URTH iShares MSCI World ETF 0.0 24 61 4.5 -0.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 55 5.1 +0.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 MUFG Japan Small Cap Active 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 9.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.