Sprott Junior Gold Miners ETF
ALTAR
Score™		 2.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 28.9x P/Sales
ratio		 5.0x
P/BV
ratio		 4.9x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Sprott Junior Gold Miners ETF tracks an index of US- and Canada-listed small-cap gold and silver miner stocks. The index selects firms by market cap and weights them by revenue growth and relative price momentum.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.sprottetfs.com
Inception date Mar 31, 2015
Assets (mns) $313
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $2,783
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 4.8%
Small cap (<$2bn) 95.2%
Developed mkts 89.2%
Emerging mkts 10.8%

TOP TEN HOLDINGS
KOZA ALTIN ISLETMELERI AS 6.0 %
BELLEVUE GOLD LIMITED 5.4 %
SEABRIDGE GOLD INC 5.3 %
NOVAGOLD RESOURCES INC 5.3 %
ARIS MINING CORP 4.9 %
CENTERRA GOLD INC 4.8 %
ENDEAVOUR SILVER CORP 4.7 %
MCEWEN, INC. 4.6 %
WESTGOLD RESOURCES LTD 4.2 %
FORTUNA MINING CORP. 4.1 %
Total 49.4 %

TOP COUNTRY EXPOSURE
CANADA 38.7 %
AUSTRALIA 28.9 %
SOUTH AFRICA 6.9 %
TURKEY 6.0 %
BRITAIN 3.4 %






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.
150.8% 122.1% 15.5% 17.3% 14.1%

Market Correlations
versus... Beta R-squared
S&P500 0.44 4%
MSCI EAFE 1.04 16%
MSCI Emg. Mkts. 0.94 15%

Technical Indicators
Recent close $83.45
30d moving avg. $75.27
Annualized volatility 35.4%
Short interest (ETF) 0.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 46
Turnover 1.2%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $82

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the Sprott Junior Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with SGDJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SGDJ Expense: 50 bp ALTAR Score™: 2.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDJ
Ticker Fund
Name		 Overlap1
vs SGDJ
(%)		 Expense
ratio
(bp)		 Savings
vs SGDJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SGDJ
(%)
GOEX Global X Gold Explorers ETF 27.4 65 -15 2.4 -0.1
AUMI Themes Gold Miners ETF 13.1 35 15 3.5 +1.1
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 10.3 60 -10 3.0 +0.5
SGDM Sprott Gold Miners ETF 9.6 50 0 2.9 +0.4
GDXJ VanEck Junior Gold Miners ETF 8.4 52 -2 3.5 +1.0
SILJ ETFMG Prime Junior Silver Miners ETF 7.4 69 -19 0.6 -1.9
RING iShares MSCI Global Gold Miners ETF 6.5 39 11 4.0 +1.5
SLVP iShares MSCI Global Silver Miners ETF 5.5 39 11 4.8 +2.3
AGMI Themes Silver Miners ETF 5.2 35 15 4.2 +1.7
EPU iShares MSCI Peru and Global Exposure ETF 3.4 59 -9 6.0 +3.5
COLO Global X MSCI Colombia ETF 3.4 62 -12 19.5 +17.1
GDX VanEck Gold Miners ETF 2.5 51 -1 3.6 +1.1
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 11 8.3 +5.8
AVDV Avantis International Small Cap Value ETF 2.0 36 14 8.6 +6.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 1 4.7 +2.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.9 80 -30 10.6 +8.1
GWX SPDR S&P International Small Cap ETF 1.7 40 10 6.5 +4.0
FYLD Cambria Foreign Shareholder Yield ETF 1.5 59 -9 11.1 +8.7
TUR iShares MSCI Turkey ETF 1.5 58 -8 15.7 +13.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 8 42 7.1 +4.6
DFIS Dimensional International Small Cap ETF 1.2 39 11 7.0 +4.5
HYP Golden Eagle Dynamic Hypergrowth ETF 1.1 85 -35 -1.2 -3.6
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 -9 7.7 +5.3
AVDS Avantis International Small Cap Equity ETF 1.1 30 20 6.6 +4.2
DISV Dimensional International Small Cap Value ETF 0.9 42 8 8.9 +6.4
NANR SPDR S&P North American Natural Resources ETF 0.7 35 15 7.9 +5.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -30 14.2 +11.7
SCHC Schwab International Small-Cap Equity ETF 0.6 11 39 7.3 +4.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 10 6.8 +4.3
SIL Global X Silver Miners ETF 0.5 65 -15 2.2 -0.3
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 27 8.1 +5.6
DXIV Dimensional International Vector Equity ETF 0.5 34 16 7.4 +5.0
VIDI Vident International Equity Strategy ETF 0.5 61 -11 10.3 +7.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 6.8 +4.3
AVDE Avantis International Equity ETF 0.4 23 27 7.0 +4.6
VPL Vanguard FTSE Pacific ETF 0.3 7 43 6.3 +3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 11 5.7 +3.2
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 8 7.3 +4.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -15 7.8 +5.4
DFIC Dimensional International Core Equity 2 ETF 0.3 23 27 7.1 +4.6
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 26 6.1 +3.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 -8 8.0 +5.5
INTF iShares International Equity Factor ETF 0.2 15 35 7.3 +4.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 -8 9.5 +7.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 11 7.5 +5.1
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -8 7.9 +5.5
IWO iShares Russell 2000 Growth ETF 0.2 24 26 0.8 -1.7
IPAC iShares Core MSCI Pacific ETF 0.2 9 41 6.0 +3.5
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 40 0.9 -1.5
JIVE JPMorgan International Value ETF 0.2 55 -5 10.7 +8.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 7.4 +5.0
VEA Vanguard FTSE Developed Markets ETF 0.2 3 47 6.8 +4.3
VSGX Vanguard ESG International Stock ETF 0.1 10 40 7.5 +5.0
DFAI Dimensional International Core Equity Market ETF 0.1 18 32 6.7 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 46 6.7 +4.2
AVSD Avantis Responsible International Equity ETF 0.1 23 27 5.1 +2.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.5 +5.1
VXUS Vanguard Total International Stock ETF 0.1 5 45 7.6 +5.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 7.5 +5.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 8 9.3 +6.8
IWM iShares Russell 2000 ETF 0.1 19 31 3.5 +1.1
VTWO Vanguard Russell 2000 ETF 0.1 7 43 3.6 +1.2
RSSL Global X Russell 2000 ETF 0.1 8 42 3.5 +1.1
IGE iShares North American Natural Resources ETF 0.1 41 9 7.4 +4.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 6.7 +4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.5 +3.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 17 7.9 +5.5
VT Vanguard Total World Stock ETF 0.0 6 44 5.7 +3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 11 6.4 +4.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 7.0 +4.6
IEUR iShares Core MSCI Europe ETF 0.0 11 39 7.1 +4.6
DWM WisdomTree International Equity Fund 0.0 48 2 6.9 +4.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 47 6.6 +4.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 9.8 +7.3
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 8.6 +6.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 35 7.2 +4.7
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 43 10.2 +7.7
IWN iShares Russell 2000 Value ETF 0.0 24 26 6.3 +3.9
VTWV Vanguard Russell 2000 Value ETF 0.0 10 40 6.4 +4.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -35 6.2 +3.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 12 8.6 +6.2
VGK Vanguard FTSE Europe ETF 0.0 6 44 7.2 +4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 14 9.1 +6.6
SPEU SPDR Portfolio Europe ETF 0.0 7 43 7.1 +4.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 39 10.6 +8.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 8.4 +6.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 7.4 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 39 9.2 +6.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 9 8.1 +5.7
IWV iShares Russell 3000 ETF 0.0 20 30 4.7 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 10.4 +8.0
VTHR Vanguard Russell 3000 ETF 0.0 7 43 4.8 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 46 7.6 +5.2
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 8.1 +5.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 32 7.3 +4.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 -3 7.2 +4.7

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:		 Sprott Junior Gold Miners 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 11.7 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.58
 
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.