Rayliant SMDAM Japan Equity ETF
ALTAR
Score™		 2.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 25.0x P/Sales
ratio		 1.6x
P/BV
ratio		 2.3x Div.
yield		 2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Rayliant SMDAM Japan Equity ETF seeks to provide investors with long-term capital appreciation by investing primarily in equities of Japanese companies, focusing on innovative investment strategies and factor-based research.

FUND BASICS
Category International Equities
Fund Sponsor Rayliant Investment Research
Website funds.rayliant.com/rayj/
Inception date Apr 04, 2024
Assets (mns) $26
Currency USD
Expense ratio 72 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $50,940
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
FUJIKURA LTD 6.0 %
SHOWA DENKO K K 5.9 %
MITSUBISHI UFJ FINANCIAL GRO 5.6 %
TOYOTA TSUSHO CORP 4.3 %
KIOXIA HOLDINGS CORP ORDINARY SHAR 4.2 %
FOOD & LIFE COMPANIES LTD. 4.2 %
FAST RETAILING CO LTD 4.0 %
TOYOTA MOTOR CORP 4.0 %
CHUGAI PHARMACEUTICAL CO LTD 4.0 %
DAIFUKU CO LTD 3.9 %
Total 46.0 %

TOP COUNTRY EXPOSURE
JAPAN 90.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
25.5% 34.8% -- -- 25.6%

Market Correlations
versus... Beta R-squared
S&P500 0.95 23%
MSCI EAFE 1.06 46%
MSCI Emg. Mkts. 0.67 32%

Technical Indicators
Recent close $39.43
30d moving avg. $39.66
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 3.91%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 222 potential alternatives to the Rayliant SMDAM Japan Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RAYJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RAYJ Expense: 72 bp ALTAR Score™: 2.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYJ
Ticker Fund
Name		 Overlap1
vs RAYJ
(%)		 Expense
ratio
(bp)		 Savings
vs RAYJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RAYJ
(%)
DBJP Xtrackers MSCI Japan Hedged Equity ETF 22.1 47 25 4.6 +1.7
BBJP JPMorgan BetaBuilders Japan ETF 21.9 19 53 5.3 +2.4
HEWJ iShares Currency Hedged MSCI Japan ETF 21.9 50 22 5.4 +2.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.8 25 47 5.5 +2.6
FLJH Franklin FTSE Japan Hedged ETF 19.8 9 63 5.1 +2.2
FLJP Franklin FTSE Japan ETF 19.8 9 63 5.4 +2.5
DXJ WisdomTree Japan Hedged Equity Fund 18.4 48 24 5.3 +2.4
JPXN iShares JPX-Nikkei 400 ETF 15.8 48 24 5.4 +2.5
EWJV iShares MSCI Japan Value ETF 13.1 15 57 7.0 +4.0
IPAC iShares Core MSCI Pacific ETF 12.9 9 63 5.5 +2.6
JIVE JPMorgan International Value ETF 12.6 55 17 8.4 +5.5
VIGI Vanguard International Dividend Appreciation ETF 10.6 10 62 6.1 +3.1
VPL Vanguard FTSE Pacific ETF 9.9 7 65 5.3 +2.4
FJP First Trust Japan AlphaDEX Fund 9.3 80 -8 7.5 +4.6
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.6 48 24 4.7 +1.8
RXI iShares Global Consumer Discretionary ETF 7.5 41 31 8.2 +5.3
PPIE Putnam PanAgora ESG International Equity ETF 7.5 49 23 6.2 +3.3
CLNR IQ Cleaner Transport ETF 7.4 45 27 3.9 +1.0
DIHP Dimensional International High Profitability ETF 7.1 29 43 5.8 +2.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 7.0 68 4 0.5 -2.4
DTAN Sparkline International Intangible Value ETF 6.9 55 17 7.1 +4.2
PATN Pacer Nasdaq International Patent Leaders ETF 6.5 65 7 4.0 +1.1
FENI Fidelity Enhanced International ETF 6.5 28 44 5.8 +2.9
IQDG WisdomTree International Quality Dividend Growth Fund 6.5 42 30 5.8 +2.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.4 58 14 5.4 +2.5
EFG iShares MSCI EAFE Growth ETF 6.4 36 36 3.8 +0.9
IMOM Alpha Architect International Quantitative Momentum ETF 5.9 49 23 4.2 +1.3
IQSI IQ Candriam International Equity ETF 5.8 15 57 5.6 +2.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 5.7 20 52 5.7 +2.8
STXI Strive International Developed Markets ETF 5.6 29 43 6.2 +3.3
IGRO iShares International Dividend Growth ETF 5.6 15 57 6.8 +3.9
NUDM Nuveen ESG International Developed Markets Equity ETF 5.5 31 41 5.6 +2.7
JIRE JPMorgan International Research Enhanced Equity ETF 5.3 24 48 5.9 +3.0
GSID Goldman Sachs MarketBeta International Equity ETF 5.3 20 52 5.9 +3.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.3 42 30 4.1 +1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 5.3 20 52 5.7 +2.8
EFA iShares MSCI EAFE ETF 5.3 35 37 5.8 +2.9
HFXI IQ FTSE International Equity Currency Neutral ETF 5.3 20 52 5.6 +2.7
HEFA iShares Currency Hedged MSCI EAFE ETF 5.2 35 37 5.8 +2.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 5.2 36 36 5.4 +2.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 5.2 35 37 5.7 +2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.1 47 25 7.2 +4.3
ESGD iShares ESG Aware MSCI EAFE ETF 5.1 20 52 5.8 +2.9
OAIM OneAscent International Equity ETF 5.0 95 -23 4.7 +1.8
INTF iShares International Equity Factor ETF 4.9 15 57 6.5 +3.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 4.9 58 14 5.2 +2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.8 14 58 5.3 +2.4
CGIE Capital Group International Equity ETF 4.8 54 18 4.6 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 4.7 30 42 4.7 +1.8
IDHQ Invesco S&P International Developed High Quality ETF 4.7 29 43 5.4 +2.5
IEFA iShares Core MSCI EAFE ETF 4.7 7 65 6.1 +3.2
BKIE BNY Mellon International Equity ETF 4.6 4 68 6.0 +3.1
DIVI Franklin International Core Dividend Tilt Index ETF 4.6 9 63 6.6 +3.7
DFAI Dimensional International Core Equity Market ETF 4.4 18 54 6.1 +3.2
DWM WisdomTree International Equity Fund 4.4 48 24 5.7 +2.8
DMXF iShares ESG Advanced MSCI EAFE ETF 4.4 12 60 4.9 +2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.4 40 32 5.7 +2.8
DOL WisdomTree International LargeCap Dividend Fund 4.4 48 24 5.7 +2.8
IMFL Invesco International Developed Dynamic Multifactor ETF 4.3 34 38 5.2 +2.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.3 12 60 5.3 +2.4
IVLU iShares MSCI Intl Value Factor ETF 4.3 30 42 8.1 +5.1
EFV iShares MSCI EAFE Value ETF 4.3 34 38 7.6 +4.7
IVSI Applied Finance IVS International Large ETF 4.2 65 7 6.1 +3.1
SCHF Schwab International Equity ETF 4.1 6 66 6.0 +3.1
IDEV iShares Core MSCI International Developed Markets ETF 4.1 4 68 6.0 +3.1
UMMA Wahed Dow Jones Islamic World ETF 4.1 65 7 3.5 +0.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.1 75 -3 1.7 -1.2
JHMD John Hancock Multifactor Developed International ETF 4.0 39 33 6.2 +3.3
OZEM Roundhill GLP-1 & Weight Loss ETF 4.0 59 13 5.5 +2.6
THNR Amplify Weight Loss Drug & Treatment ETF 4.0 59 13 5.9 +3.0
JAPN Horizon Kinetics Japan Owner Operator ETF 4.0 85 -13 6.1 +3.2
SPDW SPDR Portfolio Developed World ex-US ETF 3.9 3 69 5.8 +2.9
DFSI Dimensional International Sustainability Core 1 ETF 3.9 24 48 5.7 +2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 27 6.8 +3.9
VEA Vanguard FTSE Developed Markets ETF 3.8 3 69 6.0 +3.1
PIO Invesco Global Water ETF 3.6 75 -3 4.5 +1.6
JIG JPMorgan International Growth ETF 3.6 55 17 3.6 +0.7
EXI iShares Global Industrials ETF 3.5 42 30 3.6 +0.7
FIVA Fidelity International Value Factor ETF 3.5 18 54 7.3 +4.4
BOTZ Global X Robotics & Artificial Intelligence ETF 3.5 69 3 1.8 -1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.3 25 47 6.2 +3.3
MJSC MUFG Japan Small Cap Active ETF 3.3 85 -13 4.6 +1.7
FBOT Fidelity Disruptive Automation ETF 3.3 50 22 2.9 -0.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.3 30 42 6.2 +3.3
FNDF Schwab Fundamental International Large Co. Index ETF 3.3 25 47 7.4 +4.5
QINT American Century Quality Diversified International ETF 3.3 39 33 6.6 +3.7
SCJ iShares MSCI Japan Small-Cap ETF 3.2 50 22 5.6 +2.7
RGEF Rockefeller Global Equity ETF 3.2 55 17 3.8 +0.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 54 6.4 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 41 31 6.0 +3.1
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 38 6.4 +3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.1 39 33 6.2 +3.3
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 42 6.5 +3.6
RWX SPDR Dow Jones International Real Estate ETF 3.0 59 13 7.4 +4.5
IFGL iShares International Developed Real Estate ETF 3.0 48 24 7.5 +4.6
TPIF Timothy Plan International ETF 3.0 62 10 5.6 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 4 68 6.7 +3.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 3.0 10 62 8.6 +5.7
FIDI Fidelity International High Dividend ETF 3.0 18 54 7.3 +4.4
DFIC Dimensional International Core Equity 2 ETF 2.9 23 49 6.3 +3.3
RFDI First Trust Riverfront Dynamic Developed International ETF 2.9 83 -11 7.8 +4.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.9 55 17 5.7 +2.8
KNO AXS Knowledge Leaders ETF 2.9 78 -6 4.0 +1.1
DFIV Dimensional International Value ETF 2.9 27 45 7.8 +4.9
ROBO ROBO Global Robotics & Automation Index ETF 2.8 95 -23 2.3 -0.6
VSGX Vanguard ESG International Stock ETF 2.8 10 62 6.6 +3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.8 39 33 7.0 +4.1
VXUS Vanguard Total International Stock ETF 2.8 5 67 6.7 +3.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.8 80 -8 3.6 +0.7
AGNG Global X Aging Population ETF 2.8 50 22 4.4 +1.5
IXUS iShares Core MSCI Total International Stock ETF 2.8 7 65 6.6 +3.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -8 6.7 +3.8
QTUM Defiance Quantum ETF 2.7 40 32 3.5 +0.6
FRGN Horizon International Equity ETF 2.6 75 -3 7.8 +4.9
NXTG First Trust Indxx NextG ETF 2.6 70 2 3.4 +0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.5 12 60 8.8 +5.9
PIEL Pacer International Export Leaders ETF 2.5 60 12 4.1 +1.2
IQLT iShares MSCI Intl Quality Factor ETF 2.5 30 42 5.5 +2.6
DXIV Dimensional International Vector Equity ETF 2.5 34 38 6.6 +3.7
JGLO JPMorgan Global Select Equity ETF 2.4 33 39 4.3 +1.4
AGQI First Trust Active Global Quality Income ETF 2.4 85 -13 6.5 +3.6
ARVR First Trust Indxx Metaverse ETF 2.4 70 2 3.6 +0.7
BNGE First Trust S-Network Streaming and Gaming ETF 2.4 70 2 3.1 +0.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.4 75 -3 3.4 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.3 58 14 3.4 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.3 30 42 6.4 +3.5
AZTD Aztlan Global Stock Selection DM SMID ETF 2.3 75 -3 4.1 +1.2
NUKZ Range Nuclear Renaissance Index ETF 2.2 85 -13 1.3 -1.6
VYMI Vanguard International High Dividend Yield ETF 2.2 17 55 8.1 +5.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.2 22 50 5.8 +2.9
BATT Amplify Lithium & Battery Technology ETF 2.2 59 13 1.9 -1.1
IBOT Vaneck Robotics ETF 2.2 47 25 3.2 +0.3
CIL VictoryShares International Volatility Wtd ETF 2.1 45 27 5.8 +2.9
IQDF FlexShares International Quality Dividend Index Fund 2.0 47 25 7.6 +4.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.0 50 22 5.7 +2.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.9 65 7 4.2 +1.2
AVDE Avantis International Equity ETF 1.9 23 49 6.2 +3.3
HYDR Global X Hydrogen ETF 1.9 50 22 -4.8 -7.8
WRND IQ Global Equity R&D Leaders ETF 1.9 18 54 4.0 +1.1
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 20 8.0 +5.1
FAN First Trust Global Wind Energy ETF 1.8 60 12 2.8 -0.2
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 47 5.3 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.8 32 40 5.4 +2.5
DRIV Global X Autonomous & Electric Vehicles ETF 1.8 68 4 2.9 +0.0
CGXU Capital Group International Focus Equity ETF 1.7 54 18 3.8 +0.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.7 65 7 1.4 -1.6
METV Roundhill Ball Metaverse ETF 1.7 59 13 8.1 +5.2
AVSD Avantis Responsible International Equity ETF 1.7 23 49 6.0 +3.1
DGT State Street SPDR Global Dow ETF 1.6 50 22 5.7 +2.7
RWO SPDR Dow Jones Global Real Estate ETF 1.6 50 22 6.3 +3.4
GLBL Pacer MSCI World Industry Advantage ETF 1.6 65 7 3.4 +0.5
MINV Matthews Asia Innovators Active ETF 1.6 79 -7 5.1 +2.2
IXG iShares Global Financials ETF 1.6 42 30 6.3 +3.4
ESGG FlexShares STOXX Global ESG Select Index Fund 1.5 42 30 4.0 +1.1
IQRA IQ CBRE Real Assets ETF 1.5 65 7 5.9 +3.0
BULD Pacer BlueStar Engineering the Future ETF 1.5 60 12 0.3 -2.6
CARZ First Trust NASDAQ Global Auto Index Fund 1.4 70 2 2.2 -0.7
IOO iShares Global 100 ETF 1.4 41 31 3.8 +0.9
GEW Cambria Global EW ETF 1.4 29 43 5.4 +2.5
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 35 7.2 +4.3
GLOF iShares Global Equity Factor ETF 1.4 20 52 5.6 +2.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.4 25 47 5.5 +2.6
FEOE First Eagle Overseas Equity ETF 1.4 79 -7 6.2 +3.3
ERET iShares Environmentally Aware Real Estate ETF 1.4 30 42 6.9 +3.9
HRTS Tema Heart & Health ETF 1.3 75 -3 2.9 +0.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.3 65 7 7.8 +4.9
FDEV Fidelity International Multifactor ETF 1.3 18 54 7.3 +4.4
URTH iShares MSCI World ETF 1.3 24 48 4.3 +1.4
AVIV Avantis International Large Cap Value ETF 1.2 25 47 7.0 +4.1
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 62 5.0 +2.0
HUMN Roundhill Humanoid Robotics ETF 1.2 75 -3 1.1 -1.8
SCZ iShares MSCI EAFE Small-Cap ETF 1.2 40 32 6.1 +3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.2 9 63 4.9 +2.0
FDTX Fidelity Disruptive Technology ETF 1.2 50 22 1.5 -1.4
ACWI iShares MSCI ACWI ETF 1.1 32 40 4.6 +1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 48 6.9 +4.0
VT Vanguard Total World Stock ETF 1.0 6 66 5.0 +2.1
INEQ Columbia International Equity Income ETF 1.0 45 27 7.9 +5.0
DIM WisdomTree International MidCap Dividend Fund 1.0 58 14 6.4 +3.5
QWLD SPDR MSCI World StrategicFactors ETF 1.0 30 42 5.2 +2.3
WWJD Inspire International ETF 1.0 80 -8 6.4 +3.5
DWMF WisdomTree International Multifactor Fund 0.9 38 34 7.0 +4.1
SHPP Pacer Industrials and Logistics ETF 0.9 60 12 6.6 +3.6
KNCT Invesco Next Gen Connectivity ETF 0.9 40 32 2.9 0.0
GINN Goldman Sachs Innovate Equity ETF 0.9 52 20 3.7 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 52 4.7 +1.8
UIVM VictoryShares International Value Momentum ETF 0.8 35 37 8.2 +5.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 60 4.4 +1.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -3 4.4 +1.5
AQLT iShares MSCI Global Quality Factor ETF 0.8 18 54 0.0 -2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 23 6.1 +3.2
CANC Tema Oncology ETF 0.7 75 -3 -2.4 -5.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -8 5.6 +2.7
AIQ Global X Artificial Intelligence & Technology ETF 0.7 68 4 2.7 -0.3
DFJ WisdomTree Japan SmallCap Dividend Fund 0.6 58 14 6.7 +3.8
HART IQ Healthy Hearts ETF 0.6 45 27 5.8 +2.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 33 6.8 +3.9
IVRS iShares Future Metaverse Tech and Communications ETF 0.5 47 25 5.2 +2.3
TTAI FCF International Quality ETF 0.5 59 13 6.8 +3.9
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -17 4.3 +1.4
BLES Inspire Global Hope ETF 0.5 61 11 5.7 +2.8
KXI iShares Global Consumer Staples ETF 0.5 41 31 5.3 +2.4
FEGE First Eagle Global Equity ETF 0.4 79 -7 6.1 +3.2
IBAT iShares Energy Storage & Materials ETF 0.4 47 25 1.5 -1.4
JHID John Hancock International High Dividend ETF 0.4 46 26 7.9 +5.0
IXJ iShares Global Healthcare ETF 0.4 42 30 6.3 +3.4
WSML iShares MSCI World Small-Cap ETF 0.4 15 57 5.3 +2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 43 7.0 +4.1
WLDR Affinity World Leaders Equity ETF 0.4 67 5 5.8 +2.8
XT iShares Exponential Technologies ETF 0.3 46 26 3.8 +0.9
IXN iShares Global Tech ETF 0.3 41 31 2.6 -0.3
AVDS Avantis International Small Cap Equity ETF 0.3 30 42 6.0 +3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 23 4.5 +1.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.3 45 27 -0.9 -3.9
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 14 7.5 +4.5
GWX SPDR S&P International Small Cap ETF 0.2 40 32 5.9 +3.0
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 14 5.9 +2.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 52 5.7 +2.8
AVDV Avantis International Small Cap Value ETF 0.1 36 36 7.7 +4.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 61 6.7 +3.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 64 6.3 +3.4
DFIS Dimensional International Small Cap ETF 0.0 39 33 6.1 +3.2

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:		 Rayliant SMDAM Japan Equity 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 8.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 72 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 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.