MUFG Japan Small Cap Active ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 2.6%


  • 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 85
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
PENTA-OCEAN CONSTRUCTION CO 2.3 %
SHIZUOKA FINANCIAL GROUP INC 2.2 %
KANDENKO CO LTD 2.1 %
TOKYO TATEMONO CO LTD 2.1 %
JAPAN STEEL WORKS LTD 1.9 %
HACHIJUNI BANK LTD/THE 1.8 %
SAIZERIYA CO LTD 1.7 %
IYOGIN HOLDINGS INC 1.6 %
KYOTO FINANCIAL GROUP INC 1.6 %
INFRONEER HOLDINGS INC 1.6 %
Total 18.8 %

TOP COUNTRY EXPOSURE
JAPAN 90.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.8%

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

Technical Indicators
Recent close $50.39
30d moving avg. $49.38
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 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™: 5.7%


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 14.9 50 35 6.4 +0.7
DFJ WisdomTree Japan SmallCap Dividend Fund 8.1 58 27 7.1 +1.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 8.0 58 27 7.0 +1.3
FJP First Trust Japan AlphaDEX Fund 7.3 80 5 7.9 +2.2
CGV Conductor Global Equity Value ETF 5.5 130 -45 7.7 +2.0
SCZ iShares MSCI EAFE Small-Cap ETF 5.1 40 45 6.8 +1.1
FNDC Schwab Fundamental International Small Co. Index ETF 4.8 39 46 5.7 -0.1
RAYJ Rayliant SMDAM Japan Equity ETF 4.7 72 13 3.5 -2.2
JAPN Horizon Kinetics Japan Owner Operator ETF 4.6 85 0 5.3 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.2 49 36 6.8 +1.0
AVDS Avantis International Small Cap Equity ETF 4.1 30 55 6.6 +0.9
AVDV Avantis International Small Cap Value ETF 3.8 36 49 8.6 +2.9
DLS WisdomTree International SmallCap Dividend Fund 3.6 58 27 7.9 +2.2
DXJ WisdomTree Japan Hedged Equity Fund 3.5 48 37 6.6 +0.9
FLJP Franklin FTSE Japan ETF 3.4 9 76 5.7 0.0
FLJH Franklin FTSE Japan Hedged ETF 3.4 9 76 5.7 -0.0
JPXN iShares JPX-Nikkei 400 ETF 3.3 48 37 6.1 +0.4
DFIS Dimensional International Small Cap ETF 3.0 39 46 7.0 +1.3
IMOM Alpha Architect International Quantitative Momentum ETF 2.9 49 36 4.7 -1.0
KNO AXS Knowledge Leaders ETF 2.9 78 7 5.6 -0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.9 24 61 7.1 +1.4
ETEC iShares Breakthrough Environmental Solutions ETF 2.5 47 38 3.4 -2.3
PIO Invesco Global Water ETF 2.3 75 10 4.5 -1.3
TBLU Tortoise Global Water ESG ETF 2.2 40 45 4.6 -1.1
IPAC iShares Core MSCI Pacific ETF 2.2 9 76 6.0 +0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 2.1 75 10 6.4 +0.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 5 8.4 +2.7
FEOE First Eagle Overseas Equity ETF 2.0 79 6 6.8 +1.1
IBOT Vaneck Robotics ETF 1.9 47 38 3.9 -1.8
ISCF iShares International SmallCap Equity Factor ETF 1.9 23 62 8.1 +2.3
ROBO ROBO Global Robotics & Automation Index ETF 1.9 95 -10 3.0 -2.7
VPL Vanguard FTSE Pacific ETF 1.9 7 78 6.3 +0.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.8 39 46 8.3 +2.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 5 10.6 +4.9
DFIC Dimensional International Core Equity 2 ETF 1.8 23 62 7.1 +1.4
GWX SPDR S&P International Small Cap ETF 1.8 40 45 6.5 +0.7
DIM WisdomTree International MidCap Dividend Fund 1.8 58 27 7.2 +1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 1.7 37 48 7.8 +2.0
DXIV Dimensional International Vector Equity ETF 1.7 34 51 7.4 +1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.6 58 27 6.8 +1.1
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 10 4.4 -1.3
AQWA Global X Clean Water ETF 1.6 50 35 5.1 -0.6
AVSD Avantis Responsible International Equity ETF 1.5 23 62 5.1 -0.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.5 42 43 6.9 +1.2
DWX SPDR S&P International Dividend ETF 1.4 45 40 7.2 +1.5
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 60 6.5 +0.8
AVDE Avantis International Equity ETF 1.4 23 62 7.0 +1.3
UFO Procure Space ETF 1.3 75 10 0.2 -5.5
DISV Dimensional International Small Cap Value ETF 1.3 42 43 8.9 +3.2
CGW Invesco S&P Global Water Index ETF 1.3 57 28 4.7 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 1.3 24 61 6.1 +0.4
PBD Invesco Global Clean Energy ETF 1.3 75 10 0.8 -4.9
SCHC Schwab International Small-Cap Equity ETF 1.2 11 74 7.3 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 46 7.5 +1.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 40 1.7 -4.0
ARVR First Trust Indxx Metaverse ETF 1.1 70 15 3.9 -1.8
HERO Global X Video Games & Esports ETF 1.1 50 35 4.5 -1.2
NERD Roundhill Video Games ETF 1.1 50 35 6.6 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 55 7.4 +1.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 10 2.9 -2.8
JIVE JPMorgan International Value ETF 1.1 55 30 10.7 +5.0
JHID John Hancock International High Dividend ETF 1.1 46 39 9.2 +3.4
NUKZ Range Nuclear Renaissance Index ETF 1.0 85 0 1.2 -4.6
CRAK VanEck Oil Refiners ETF 1.0 61 24 11.5 +5.8
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 27 7.2 +1.5
DFAI Dimensional International Core Equity Market ETF 1.0 18 67 6.7 +1.0
EBLU Ecofin Global Water ESG Fund 0.9 40 45 4.5 -1.2
INTF iShares International Equity Factor ETF 0.9 15 70 7.3 +1.6
XT iShares Exponential Technologies ETF 0.9 46 39 4.5 -1.3
HART IQ Healthy Hearts ETF 0.9 45 40 6.1 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 77 7.1 +1.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 17 4.7 -1.1
IBAT iShares Energy Storage & Materials ETF 0.9 47 38 2.6 -3.2
IDRV iShares Self-driving EV & Tech ETF 0.9 47 38 3.2 -2.5
JIG JPMorgan International Growth ETF 0.9 55 30 4.7 -1.1
IBUY Amplify Online Retail ETF 0.9 65 20 1.7 -4.0
FDEV Fidelity International Multifactor ETF 0.9 18 67 7.4 +1.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 30 6.5 +0.8
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 26 11.1 +5.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.9 40 45 7.0 +1.3
MOTG VanEck Morningstar Global Wide Moat ETF 0.8 52 33 8.8 +3.1
IEFA iShares Core MSCI EAFE ETF 0.8 7 78 6.7 +1.0
DIHP Dimensional International High Profitability ETF 0.8 29 56 6.6 +0.8
MOO VanEck Agribusiness ETF 0.8 53 32 10.6 +4.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 46 6.4 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 81 6.7 +0.9
IPKW Invesco International BuyBack Achievers ETF 0.7 55 30 8.8 +3.1
DWM WisdomTree International Equity Fund 0.7 48 37 6.9 +1.2
DFIV Dimensional International Value ETF 0.7 27 58 8.9 +3.2
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 36 5.8 +0.1
AVIV Avantis International Large Cap Value ETF 0.7 25 60 8.3 +2.5
FDHT Fidelity Digital Health ETF 0.7 39 46 1.5 -4.2
GLOF iShares Global Equity Factor ETF 0.7 20 65 6.6 +0.9
BLLD JPMorgan Sustainable Infrastructure ETF 0.7 49 36 5.9 +0.2
VEA Vanguard FTSE Developed Markets ETF 0.7 3 82 6.8 +1.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 76 7.5 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 82 6.6 +0.9
BOTT Themes Robotics & Automation ETF 0.6 35 50 -1.6 -7.3
HUMN Roundhill Humanoid Robotics ETF 0.6 75 10 1.1 -4.6
SOCL Global X Social Media ETF 0.6 65 20 10.8 +5.1
SCHF Schwab International Equity ETF 0.6 6 79 6.8 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.6 29 56 7.4 +1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 43 6.5 +0.8
STCE Schwab Crypto Thematic ETF 0.6 30 55 3.4 -2.4
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 78 7.5 +1.8
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 75 6.3 +0.6
IFGL iShares International Developed Real Estate ETF 0.5 48 37 7.0 +1.2
FBOT Fidelity Disruptive Automation ETF 0.5 50 35 3.3 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 40 8.3 +2.6
VSGX Vanguard ESG International Stock ETF 0.5 10 75 7.5 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 46 10.6 +4.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 60 8.9 +3.2
IQSI IQ Candriam International Equity ETF 0.5 15 70 6.2 +0.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 45 10.1 +4.4
VXUS Vanguard Total International Stock ETF 0.5 5 80 7.6 +1.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.5 45 40 8.0 +2.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 75 6.7 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 51 5.8 +0.1
IGRO iShares International Dividend Growth ETF 0.5 15 70 6.9 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 65 6.5 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 81 7.6 +1.9
BKIE BNY Mellon International Equity ETF 0.4 4 81 6.6 +0.9
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 25 0.4 -5.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 73 8.2 +2.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.4 68 17 1.9 -3.8
OAIM OneAscent International Equity ETF 0.4 95 -10 5.4 -0.4
FEGE First Eagle Global Equity ETF 0.4 79 6 6.5 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 65 6.6 +0.8
BBJP JPMorgan BetaBuilders Japan ETF 0.4 19 66 6.0 +0.3
FRNW Fidelity Clean Energy ETF 0.4 39 46 2.3 -3.4
TAN Invesco Solar ETF 0.4 67 18 5.9 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 38 5.6 -0.1
RNRG Global X Renewable Energy Producers ETF 0.3 66 19 5.3 -0.4
DTH WisdomTree International High Dividend Fund 0.3 58 27 8.0 +2.2
OCEN IQ Clean Oceans ETF 0.3 45 40 5.3 -0.4
VYMI Vanguard International High Dividend Yield ETF 0.3 17 68 9.0 +3.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 67 7.3 +1.6
EWJV iShares MSCI Japan Value ETF 0.3 15 70 7.8 +2.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.3 25 60 6.1 +0.4
JHMD John Hancock Multifactor Developed International ETF 0.2 39 46 7.1 +1.4
QINT American Century Quality Diversified International ETF 0.2 39 46 6.8 +1.1
RODE Hartford Multifactor Diversified International ETF 0.2 29 56 10.3 +4.6
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 55 7.3 +1.6
EWJ iShares MSCI Japan ETF 0.2 50 35 5.5 -0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 65 6.1 +0.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 61 6.8 +1.1
VWID Virtus WMC International Dividend ETF 0.2 49 36 8.0 +2.2
VT Vanguard Total World Stock ETF 0.2 6 79 5.7 -0.0
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 56 6.3 +0.6
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 20 5.3 -0.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -4 4.8 -0.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 65 6.3 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 71 5.9 +0.2
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 55 9.6 +3.9
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 55 6.1 +0.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 60 6.0 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 25 4.9 -0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 49 6.3 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 43 5.2 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 76 5.5 -0.2
EFV iShares MSCI EAFE Value ETF 0.1 34 51 8.5 +2.8
DEW WisdomTree Global High Dividend Fund 0.1 58 27 8.2 +2.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 55 5.2 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 65 6.1 +0.4
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 23 3.4 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 44 7.1 +1.4
EFA iShares MSCI EAFE ETF 0.0 35 50 6.4 +0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 55 6.7 +1.0
EFG iShares MSCI EAFE Growth ETF 0.0 36 49 4.1 -1.6
IGPT Invesco AI and Next Gen Software ETF 0.0 60 25 4.3 -1.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 51 7.3 +1.5
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 20 4.1 -1.7
ACWI iShares MSCI ACWI ETF 0.0 32 53 5.3 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 27 4.4 -1.3
URTH iShares MSCI World ETF 0.0 24 61 4.9 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 55 5.7 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 9.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 5.7 %
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.