MUFG Japan Small Cap Active ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 20.4x P/Sales
ratio		 1.2x
P/BV
ratio		 1.7x Div.
yield		 2.2%


  • 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) $23
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 89
Wgt avg mkt cap (mns) $2,703
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
HACHIJUNI BANK LTD/THE 2.2 %
FUJI MACHINE MFG CO LTD 2.0 %
INFRONEER HOLDINGS INC 2.0 %
SAIZERIYA CO LTD 2.0 %
SHIZUOKA FINANCIAL GROUP INC 1.9 %
MICRONICS JAPAN CO LTD 1.8 %
NAGASE & CO LTD 1.8 %
MACNICA FUJI ELECTRONICS HOLDINGS, 1.7 %
GUNMA BANK LTD/THE 1.7 %
KURITA WATER INDUSTRIES LTD 1.7 %
Total 18.8 %

TOP COUNTRY EXPOSURE
JAPAN 91.4 %
GERMANY 1.8 %









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.
20.2% -- -- -- 20.7%

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

Technical Indicators
Recent close $62.00
30d moving avg. $61.04
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 177 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™: 4.5%


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
(%)
DFJ WisdomTree Japan SmallCap Dividend Fund 9.9 58 27 6.4 +1.9
FJP First Trust Japan AlphaDEX Fund 9.1 80 5 7.4 +2.9
SCZ iShares MSCI EAFE Small-Cap ETF 5.8 40 45 6.0 +1.5
FNDC Schwab Fundamental International Small Co. Index ETF 5.5 39 46 6.6 +2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.4 49 36 5.9 +1.4
AVDS Avantis International Small Cap Equity ETF 5.4 30 55 5.9 +1.5
AVDV Avantis International Small Cap Value ETF 4.6 36 49 7.7 +3.2
JAPN Horizon Kinetics Japan Owner Operator ETF 4.5 85 0 5.4 +0.9
CGV Conductor Global Equity Value ETF 4.2 130 -45 7.7 +3.2
DLS WisdomTree International SmallCap Dividend Fund 4.1 58 27 7.3 +2.8
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 37 5.2 +0.7
DFIS Dimensional International Small Cap ETF 3.3 39 46 6.0 +1.6
FEOE First Eagle Overseas Equity ETF 3.3 79 6 5.9 +1.4
FLJP Franklin FTSE Japan ETF 3.3 9 76 5.2 +0.7
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 76 5.0 +0.5
JPXN iShares JPX-Nikkei 400 ETF 3.0 48 37 5.2 +0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.9 80 5 9.2 +4.7
DIM WisdomTree International MidCap Dividend Fund 2.9 58 27 6.2 +1.7
ISCF iShares International SmallCap Equity Factor ETF 2.9 23 62 7.1 +2.6
GWX SPDR S&P International Small Cap ETF 2.9 40 45 5.9 +1.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.8 58 27 5.6 +1.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.6 49 36 4.5 -0.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.6 80 5 6.9 +2.4
ROBO ROBO Global Robotics & Automation Index ETF 2.5 95 -10 2.3 -2.2
IBOT Vaneck Robotics ETF 2.4 47 38 3.1 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.4 40 45 5.5 +1.0
DWM WisdomTree International Equity Fund 2.4 48 37 5.4 +0.9
IPAC iShares Core MSCI Pacific ETF 2.3 9 76 5.3 +0.8
TBLU Tortoise Global Water ESG ETF 2.3 40 45 4.4 -0.1
PIO Invesco Global Water ETF 2.3 75 10 4.3 -0.2
JIVE JPMorgan International Value ETF 2.3 55 30 7.9 +3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 61 6.8 +2.3
KNO AXS Knowledge Leaders ETF 2.2 78 7 3.8 -0.7
RAYJ Rayliant SMDAM Japan Equity ETF 2.0 72 13 3.1 -1.4
DFIC Dimensional International Core Equity 2 ETF 2.0 23 62 6.1 +1.6
WSML iShares MSCI World Small-Cap ETF 2.0 15 70 5.2 +0.7
JIG JPMorgan International Growth ETF 1.9 55 30 3.6 -0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 1.9 37 48 6.9 +2.4
DXIV Dimensional International Vector Equity ETF 1.9 34 51 6.5 +2.0
AZTD Aztlan Global Stock Selection DM SMID ETF 1.9 75 10 4.0 -0.5
VPL Vanguard FTSE Pacific ETF 1.8 7 78 5.1 +0.7
AVDE Avantis International Equity ETF 1.8 23 62 6.0 +1.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.7 39 46 6.1 +1.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 46 8.3 +3.9
CGW Invesco S&P Global Water Index ETF 1.7 57 28 4.4 -0.1
ETEC iShares Breakthrough Environmental Solutions ETF 1.7 47 38 3.0 -1.5
EVX VanEck Environmental Services ETF 1.7 55 30 3.9 -0.6
AQWA Global X Clean Water ETF 1.7 50 35 4.8 +0.3
PBD Invesco Global Clean Energy ETF 1.7 75 10 0.3 -4.2
AVSD Avantis Responsible International Equity ETF 1.7 23 62 5.7 +1.2
SCHC Schwab International Small-Cap Equity ETF 1.6 11 74 6.6 +2.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.6 80 5 3.7 -0.8
OAIM OneAscent International Equity ETF 1.6 95 -10 4.5 -0.0
FDEV Fidelity International Multifactor ETF 1.6 18 67 7.0 +2.5
EFRA iShares Environmental Infrastructure and Industrials ETF 1.5 47 38 4.9 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 46 6.8 +2.3
DFSI Dimensional International Sustainability Core 1 ETF 1.4 24 61 5.5 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 56 6.9 +2.4
DVYA iShares Asia/Pacific Dividend ETF 1.4 49 36 6.7 +2.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.4 8 77 6.3 +1.8
FYLD Cambria Foreign Shareholder Yield ETF 1.3 59 26 9.9 +5.4
INTF iShares International Equity Factor ETF 1.3 15 70 6.3 +1.8
AVIV Avantis International Large Cap Value ETF 1.3 25 60 6.7 +2.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 55 6.3 +1.8
DWX SPDR S&P International Dividend ETF 1.1 45 40 6.6 +2.1
IDLV Invesco S&P International Developed Low Volatility ETF 1.1 25 60 6.2 +1.7
DFAI Dimensional International Core Equity Market ETF 1.1 18 67 5.9 +1.4
HART IQ Healthy Hearts ETF 1.1 45 40 5.9 +1.4
WWJD Inspire International ETF 1.0 80 5 6.1 +1.6
DRIV Global X Autonomous & Electric Vehicles ETF 1.0 68 17 3.3 -1.2
IDRV iShares Self-driving EV & Tech ETF 1.0 47 38 1.5 -3.0
IPKW Invesco International BuyBack Achievers ETF 1.0 55 30 7.7 +3.2
FPXI First Trust International Equity Opportunities ETF 1.0 70 15 3.9 -0.6
DISV Dimensional International Small Cap Value ETF 0.9 42 43 7.9 +3.4
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.5 -0.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 27 5.1 +0.7
IEFA iShares Core MSCI EAFE ETF 0.9 7 78 5.9 +1.4
FBOT Fidelity Disruptive Automation ETF 0.9 50 35 2.8 -1.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 30 5.8 +1.3
DFIV Dimensional International Value ETF 0.8 27 58 7.5 +3.0
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 40 7.2 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.8 4 81 5.8 +1.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 43 5.5 +1.1
IBAT iShares Energy Storage & Materials ETF 0.8 47 38 1.7 -2.8
UFO Procure Space ETF 0.8 75 10 0.0 -4.5
IBUY Amplify Online Retail ETF 0.8 65 20 2.1 -2.4
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 75 5.8 +1.3
GLOF iShares Global Equity Factor ETF 0.7 20 65 5.4 +0.9
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 60 5.0 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 82 5.7 +1.2
DIHP Dimensional International High Profitability ETF 0.7 29 56 5.6 +1.1
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 27 6.5 +2.0
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 5.8 +1.3
MOTG VanEck Morningstar Global Wide Moat ETF 0.7 52 33 7.5 +3.0
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 36 7.5 +3.0
TAN Invesco Solar ETF 0.7 67 18 4.7 +0.3
FRNW Fidelity Clean Energy ETF 0.7 39 46 2.0 -2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 40 6.6 +2.1
HERO Global X Video Games & Esports ETF 0.7 50 35 5.7 +1.2
ARVR First Trust Indxx Metaverse ETF 0.7 70 15 3.6 -0.9
NERD Roundhill Video Games ETF 0.7 50 35 7.7 +3.2
SOCL Global X Social Media ETF 0.7 65 20 12.3 +7.8
HUMN Roundhill Humanoid Robotics ETF 0.6 75 10 1.3 -3.2
CRAK VanEck Oil Refiners ETF 0.6 61 24 8.2 +3.7
RNRG Global X Renewable Energy Producers ETF 0.6 66 19 4.8 +0.3
BULD Pacer BlueStar Engineering the Future ETF 0.6 60 25 0.2 -4.3
QINT American Century Quality Diversified International ETF 0.6 39 46 6.4 +1.9
MOO VanEck Agribusiness ETF 0.6 53 32 8.9 +4.4
DTH WisdomTree International High Dividend Fund 0.6 58 27 7.0 +2.5
VSGX Vanguard ESG International Stock ETF 0.6 10 75 6.4 +1.9
SCHF Schwab International Equity ETF 0.6 6 79 5.8 +1.3
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 6.4 +2.0
IFGL iShares International Developed Real Estate ETF 0.6 48 37 7.2 +2.7
FDHT Fidelity Digital Health ETF 0.5 39 46 1.8 -2.7
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.5 +2.0
VXUS Vanguard Total International Stock ETF 0.5 5 80 6.5 +2.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 5.1 +0.6
BLES Inspire Global Hope ETF 0.5 61 24 5.5 +1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 60 5.4 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 5.6 +1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 46 8.1 +3.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.5 31 54 5.2 +0.8
FPAG FPA Global Equity ETF 0.5 49 36 5.4 +1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 8.4 +3.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 76 6.4 +1.9
STCE Schwab Crypto Thematic ETF 0.5 30 55 2.7 -1.8
BKIE BNY Mellon International Equity ETF 0.5 4 81 17.4 +12.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 81 6.5 +2.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 73 8.4 +3.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.4 40 45 7.3 +2.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 5.5 +1.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 60 7.2 +2.7
MXI iShares Global Materials ETF 0.4 41 44 6.0 +1.5
FEGE First Eagle Global Equity ETF 0.4 79 6 5.8 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 6.2 +1.7
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 56 4.9 +0.4
IQSI IQ Candriam International Equity ETF 0.3 15 70 5.4 +0.9
WRND IQ Global Equity R&D Leaders ETF 0.3 18 67 3.9 -0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 27 3.5 -1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 38 4.6 +0.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 7.7 +3.2
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -4 4.2 -0.3
EWJ iShares MSCI Japan ETF 0.2 50 35 4.7 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 60 5.3 +0.8
HEWJ iShares Currency Hedged MSCI Japan ETF 0.2 50 35 5.3 +0.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.2 68 17 2.1 -2.4
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 6.0 +1.5
VT Vanguard Total World Stock ETF 0.2 6 79 4.9 +0.4
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 6.7 +2.2
OCEN IQ Clean Oceans ETF 0.2 45 40 4.6 +0.1
GINN Goldman Sachs Innovate Equity ETF 0.1 52 33 3.6 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.1 +0.6
INEQ Columbia International Equity Income ETF 0.1 45 40 7.5 +3.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 30 4.1 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 73 4.8 +0.3
EFG iShares MSCI EAFE Growth ETF 0.1 36 49 3.7 -0.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 4.6 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 4.7 +0.2
DEW WisdomTree Global High Dividend Fund 0.1 58 27 6.9 +2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 5.1 +0.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 5.6 +1.1
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 5.3 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 65 5.4 +0.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 65 5.5 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 60 5.9 +1.4
FENI Fidelity Enhanced International ETF 0.1 28 57 5.6 +1.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 25 2.4 -2.1
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.4 -0.1
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 50 5.5 +1.1
EFA iShares MSCI EAFE ETF 0.0 35 50 5.5 +1.0
XT iShares Exponential Technologies ETF 0.0 46 39 3.9 -0.6
ERTH Invesco MSCI Sustainable Future ETF 0.0 62 23 3.2 -1.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 43 3.9 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 55 5.9 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 6.2 +1.7
URTH iShares MSCI World ETF 0.0 24 61 4.2 -0.3
ACWI iShares MSCI ACWI ETF 0.0 32 53 4.5 +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%.

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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:		 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 8.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 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.