Virtus Reaves Utilities ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 16.9x P/Sales
ratio		 2.1x
P/BV
ratio		 1.9x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Reaves Utilities ETF is an actively managed ETF that holds US-listed utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics.

FUND BASICS
Category US Equities
Fund Sponsor Virtus
Website www.reavesetfs.com
Inception date Sep 23, 2015
Assets (mns) $62
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $37,508
Large cap (>$10bn) 92.0%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY GROUP 9.5 %
CONSTELLATION ENERGY CORPORATION 7.9 %
VISTRA ENERGY CORP. 7.7 %
PUBLIC SERVICE ENTERPRISE GP 7.2 %
P G & E CORP 7.1 %
SEMPRA ENERGY 6.0 %
EDISON INTERNATIONAL 5.5 %
DTE ENERGY COMPANY 4.8 %
CENTERPOINT ENERGY INC 4.7 %
NISOURCE INC 4.6 %
Total 65.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.3% 9.7% 7.9% -- 10.4%

Market Correlations
versus... Beta R-squared
S&P500 0.75 61%
MSCI EAFE 0.72 53%
MSCI Emg. Mkts. 0.55 33%

Technical Indicators
Recent close $50.01
30d moving avg. $44.03
Annualized volatility 17.0%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,911

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 457 potential alternatives to the Virtus Reaves Utilities ETF ETF based on the alternatives' overlap in portfolio holdings with UTES. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: UTES Expense: 49 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH UTES
Ticker Fund
Name		 Overlap1
vs UTES
(%)		 Expense
ratio
(bp)		 Savings
vs UTES
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs UTES
(%)
RSPU Invesco S&P 500 Equal Weight Utilities ETF 55.4 40 9 6.4 +0.9
XLU Utilities Select Sector SPDR Fund 53.9 9 40 6.3 +0.7
FUTY Fidelity MSCI Utilities Index ETF 52.1 8 41 6.2 +0.6
VPU Vanguard Utilities ETF 51.6 10 39 6.2 +0.6
PUI Invesco Dorsey Wright Utilities Momentum ETF 49.2 60 -11 6.2 +0.6
IDU iShares U.S. Utilities ETF 49.2 40 9 5.5 -0.1
FXU First Trust Utilities AlphaDEX Fund 44.3 64 -15 6.2 +0.6
JXI iShares Global Utilities ETF 40.3 43 6 6.6 +1.1
ECLN First Trust EIP Carbon Impact ETF 31.6 96 -47 5.3 -0.3
NLR VanEck Uranium+Nuclear Energy ETF 22.2 61 -12 4.4 -1.2
EMLP First Trust North American Energy Infrastructure Fund 20.7 95 -46 5.4 -0.1
IGF iShares Global Infrastructure ETF 19.6 41 8 5.0 -0.6
GII SPDR S&P Global Infrastructure ETF 19.6 40 9 5.0 -0.6
RBLD First Trust Alerian US NextGen Infrastructure ETF 18.4 65 -16 5.2 -0.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 17.9 45 4 6.2 +0.6
IFRA iShares U.S. Infrastructure ETF 15.1 30 19 6.3 +0.7
DVY iShares Select Dividend ETF 15.1 38 11 9.1 +3.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 13.4 38 11 8.4 +2.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 13.3 35 14 8.4 +2.9
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 13.2 55 -6 3.7 -1.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 12.5 75 -26 7.7 +2.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 12.4 54 -5 6.3 +0.7
TPHD Timothy Plan High Dividend Stock ETF 12.4 52 -3 6.3 +0.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 11.3 46 3 5.6 +0.1
GLIF AGF Global Infrastructure ETF 10.4 45 4 5.5 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 10.2 25 24 5.8 +0.3
IQRA IQ CBRE Real Assets ETF 9.6 65 -16 5.9 +0.4
VCLN Virtus Duff & Phelps Clean Energy ETF 9.6 59 -10 3.5 -2.1
SMOG VanEck Low Carbon Energy ETF 9.5 61 -12 2.9 -2.6
SPLV Invesco S&P 500 Low Volatility ETF 9.2 25 24 5.8 +0.2
ALTL Pacer Lunt Large Cap Alternator ETF 9.2 60 -11 5.4 -0.2
SPYD SPDR Portfolio S&P 500 High Dividend ETF 8.4 7 42 9.4 +3.8
SPVM Invesco S&P 500 Value with Momentum ETF 8.3 39 10 8.5 +3.0
FTA First Trust Large Cap Value AlphaDEX Fund 8.1 59 -10 8.3 +2.8
TPYP Tortoise North American Pipeline Fund 7.9 40 9 5.5 -0.1
SDY SPDR S&P Dividend ETF 7.9 35 14 6.3 +0.7
FBCV Fidelity Blue Chip Value ETF 7.9 59 -10 7.2 +1.6
VOE Vanguard Mid-Cap Value ETF 7.9 7 42 7.5 +1.9
FTWO Strive FAANG 2.0 ETF 7.9 49 0 4.8 -0.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.8 30 19 9.1 +3.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.7 47 2 6.0 +0.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 7.7 75 -26 4.9 -0.7
CSD Invesco S&P Spin-Off ETF 7.7 65 -16 8.0 +2.4
FLDZ RiverNorth Patriot ETF 7.4 75 -26 5.9 +0.3
CNRG SPDR S&P Kensho Clean Power ETF 7.4 45 4 -7.4 -13.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 7.4 27 22 8.4 +2.8
FVD First Trust Value Line Dividend Index Fund 7.4 65 -16 6.0 +0.5
BLLD JPMorgan Sustainable Infrastructure ETF 6.8 49 0 6.2 +0.7
DURA VanEck Durable High Dividend ETF 6.7 29 20 7.4 +1.8
FDIV MarketDesk Focused U.S. Dividend ETF 6.7 35 14 8.9 +3.3
AIVL WisdomTree U.S. AI Enhanced Value Fund 6.5 38 11 6.8 +1.2
IMCV iShares Morningstar Mid-Cap Value ETF 6.4 6 43 8.0 +2.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 6.4 60 -11 6.5 +0.9
SPMV Invesco S&P 500 Minimum Variance ETF 6.3 10 39 5.6 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.0 18 31 7.7 +2.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.9 24 25 8.1 +2.5
NUMV Nuveen ESG Mid-Cap Value ETF 5.8 31 18 7.4 +1.9
BGIG Bahl & Gaynor Income Growth ETF 5.7 45 4 5.4 -0.2
FEX First Trust Large Cap Core AlphaDEX Fund 5.6 59 -10 5.7 +0.1
DHS WisdomTree U.S. High Dividend Fund 5.6 38 11 8.9 +3.3
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 5.5 12 37 5.6 -0.0
BMVP Invesco Bloomberg MVP Multi-factor ETF 5.5 29 20 8.3 +2.7
CLNR IQ Cleaner Transport ETF 5.5 45 4 8.2 +2.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 5.5 39 10 10.6 +5.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 5.5 60 -11 5.6 +0.1
MAGA Point Bridge America First ETF 5.4 72 -23 6.4 +0.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 5.2 58 -9 5.4 -0.1
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 5.2 52 -3 5.5 -0.1
PZLD Puzzle Divdend Leaders 5.0 0 49 7.5 +2.0
YLDE ClearBridge Dividend Strategy ESG ETF 4.9 60 -11 5.5 -0.0
DIVY Sound Equity Dividend Income ETF 4.9 45 4 10.7 +5.1
IWS iShares Russell Mid-Cap Value ETF 4.9 23 26 6.7 +1.1
XMMO Invesco S&P MidCap Momentum ETF 4.9 34 15 5.1 -0.4
VO Vanguard Mid-Cap ETF 4.8 4 45 5.9 +0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 4.7 67 -18 9.4 +3.8
HDV iShares Core High Dividend ETF 4.7 8 41 8.2 +2.7
PWV Invesco Large Cap Value ETF 4.7 55 -6 7.8 +2.2
SPRX Spear Alpha ETF 4.6 75 -26 -0.5 -6.1
CZA Invesco Zacks Mid-Cap ETF 4.6 72 -23 6.4 +0.8
CFA VictoryShares US 500 Volatility Wtd ETF 4.5 35 14 6.1 +0.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 4.5 40 9 6.0 +0.4
DGRO iShares Core Dividend Growth ETF 4.5 8 41 6.6 +1.0
FDL First Trust Morningstar Dividend Leaders Index Fund 4.4 45 4 9.8 +4.3
DIVZ TrueShares Low Volatility Equity Income ETF 4.4 65 -16 8.6 +3.1
EQAL Invesco Russell 1000 Equal Weight ETF 4.3 20 29 6.0 +0.5
IMCB iShares Morningstar Mid-Cap ETF 4.2 4 45 6.2 +0.6
ONEY SPDR Russell 1000 Yield Focus ETF 4.2 20 29 10.1 +4.6
FPX First Trust US Equity Opportunities ETF 4.2 61 -12 0.6 -4.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 4.1 39 10 4.9 -0.6
HAP VanEck Natural Resources ETF 4.1 50 -1 9.7 +4.1
FMIL Fidelity New Millennium ETF 4.1 59 -10 4.3 -1.3
SPDV AAM S&P 500 High Dividend Value ETF 4.1 29 20 10.7 +5.1
BNE Blue Horizon BNE ETF 4.1 87 -38 5.0 -0.6
RSP Invesco S&P 500 Equal Weight ETF 4.0 20 29 6.3 +0.7
VYM Vanguard High Dividend Yield Index ETF 4.0 6 43 7.4 +1.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 3.9 79 -30 5.1 -0.5
FDVV Fidelity High Dividend ETF 3.8 15 34 9.0 +3.5
JEPI JPMorgan Equity Premium Income ETF 3.8 35 14 5.3 -0.2
FLV American Century Focused Large Cap Value ETF 3.8 42 7 6.5 +1.0
GSFP Goldman Sachs Future Planet Equity ETF 3.8 75 -26 4.5 -1.1
STXV Strive 1000 Value ETF 3.8 18 31 7.9 +2.4
VRAI Virtus Real Asset Income ETF 3.6 55 -6 8.7 +3.1
ICAP InfraCap Equity Income Fund ETF 3.6 171 -122 6.8 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 3.6 9 40 6.1 +0.5
ULVM VictoryShares US Value Momentum ETF 3.6 20 29 7.5 +2.0
SSPY Syntax Stratified LargeCap ETF 3.5 30 19 6.6 +1.0
IWR iShares Russell Midcap ETF 3.5 19 30 5.8 +0.2
JAVA JPMorgan Active Value ETF 3.4 44 5 6.4 +0.8
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 3.4 15 34 7.1 +1.5
EUSA iShares MSCI USA Equal Weighted ETF 3.4 9 40 6.2 +0.6
VTV Vanguard Value ETF 3.4 4 45 7.1 +1.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 3.4 18 31 6.4 +0.9
REVS Columbia Research Enhanced Value ETF 3.3 19 30 7.8 +2.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 3.3 58 -9 4.9 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 3.3 20 29 8.1 +2.5
SMOT VanEck Morningstar SMID Moat ETF 3.2 49 0 6.5 +0.9
IVE iShares S&P 500 Value ETF 3.2 18 31 6.7 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 3.2 4 45 6.8 +1.2
NETZ TCW Transform Systems ETF 3.2 75 -26 3.5 -2.0
VONV Vanguard Russell 1000 Value ETF 3.2 8 41 6.8 +1.2
IWD iShares Russell 1000 Value ETF 3.2 19 30 6.6 +1.1
DEW WisdomTree Global High Dividend Fund 3.2 58 -9 9.2 +3.6
BECO BlackRock Future Climate and Sustainable Economy ETF 3.2 70 -21 13.8 +8.2
DIP BTD Capital Fund 3.2 129 -80 5.0 -0.6
SIZE iShares MSCI USA Size Factor ETF 3.1 15 34 6.1 +0.5
JHMM John Hancock Multifactor Mid Cap ETF 3.1 42 7 6.7 +1.1
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 3.1 56 -7 6.3 +0.7
IUSV iShares Core S&P US Value ETF 3.1 4 45 6.9 +1.4
SNPV Xtrackers S&P 500 Value ESG ETF 3.1 15 34 6.9 +1.3
HAPY Harbor Human Capital Factor Unconstrained ETF 3.0 50 -1 4.8 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 3.0 35 14 4.9 -0.7
VOOV Vanguard S&P 500 Value ETF 3.0 10 39 5.6 +0.1
IVRA Invesco Real Assets ESG ETF 3.0 59 -10 7.2 +1.6
ESGS Columbia U.S. ESG Equity Income ETF 3.0 35 14 6.4 +0.8
LSAF LeaderShares AlphaFactor US Core Equity ETF 3.0 75 -26 6.7 +1.2
DIVL Madison Dividend Value ETF 3.0 65 -16 6.2 +0.6
MDLV Morgan Dempsey Large Cap Value ETF 3.0 58 -9 8.7 +3.2
FUNL CornerCap Fundametrics Large-Cap ETF 2.9 50 -1 7.0 +1.5
SCHV Schwab U.S. Large-Cap Value ETF 2.9 4 45 6.8 +1.2
QLC FlexShares US Quality Large Cap Index Fund 2.9 25 24 5.7 +0.1
BUL Pacer US Cash Cows Growth ETF 2.9 60 -11 7.6 +2.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 2.8 35 14 6.1 +0.5
EVUS iShares ESG Aware MSCI USA Value ETF 2.8 18 31 6.8 +1.2
FAN First Trust Global Wind Energy ETF 2.8 60 -11 5.4 -0.1
AFLG First Trust Active Factor Large Cap ETF 2.8 55 -6 6.3 +0.7
DON WisdomTree U.S. MidCap Dividend Fund 2.8 38 11 8.7 +3.1
USMV iShares MSCI USA Min Vol Factor ETF 2.8 15 34 6.1 +0.6
CGDV Capital Group Dividend Value ETF 2.7 33 16 5.8 +0.3
NULV Nuveen ESG Large-Cap Value ETF 2.7 26 23 7.2 +1.7
ROUS Hartford Multifactor US Equity ETF 2.7 19 30 6.5 +1.0
PAVE Global X U.S. Infrastructure Development ETF 2.7 47 2 5.7 +0.2
CGUS Capital Group Core Equity ETF 2.7 33 16 4.7 -0.8
COWS Amplify Cash Flow Dividend Leaders ETF 2.7 0 49 10.9 +5.3
PRF Invesco FTSE RAFI US 1000 ETF 2.6 39 10 7.4 +1.8
ILCV iShares Morningstar Value ETF 2.6 4 45 6.8 +1.2
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.6 40 9 6.0 +0.5
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.6 60 -11 5.7 +0.2
SIXL ETC 6 Meridian Low Beta Equity ETF 2.6 80 -31 5.1 -0.5
VNMC Natixis Vaughan Nelson Mid Cap ETF 2.5 85 -36 4.5 -1.0
FCPI Fidelity Stocks for Inflation ETF 2.5 15 34 8.7 +3.1
TEMP JPMorgan Climate Change Solutions ETF 2.5 49 0 4.6 -0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 2.4 37 12 4.9 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 2.4 28 21 6.3 +0.8
DTD WisdomTree U.S. Total Dividend Fund 2.3 28 21 6.6 +1.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 2.3 35 14 5.8 +0.2
AFMC First Trust Active Factor Mid Cap ETF 2.3 65 -16 7.5 +2.0
RSPE Invesco ESG S&P 500 Equal Weight ETF 2.3 20 29 6.5 +0.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.3 70 -21 5.1 -0.5
PFM Invesco Dividend Achievers ETF 2.3 53 -4 5.8 +0.2
IWX iShares Russell Top 200 Value ETF 2.2 20 29 6.6 +1.0
EQWL Invesco S&P 100 Equal Weight ETF 2.2 25 24 6.8 +1.3
COWZ Pacer US Cash Cows 100 ETF 2.2 49 0 11.2 +5.7
PEY Invesco High Yield Equity Dividend Achievers ETF 2.2 52 -3 9.4 +3.8
JHML John Hancock Multifactor Large Cap ETF 2.1 29 20 5.7 +0.1
FOVL iShares Focused Value Factor ETF 2.1 25 24 10.2 +4.7
IMCG iShares Morningstar Mid-Cap Growth ETF 2.1 6 43 4.3 -1.2
QUAL iShares MSCI USA Quality Factor ETF 2.1 15 34 5.5 -0.0
FLOW Global X U.S. Cash Flow Kings 100 ETF 2.1 25 24 11.3 +5.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.1 65 -16 3.9 -1.7
SMRI Bushido Capital US Equity ETF 2.1 71 -22 10.5 +5.0
FTC First Trust Large Cap Growth AlphaDEX Fund 2.1 59 -10 2.8 -2.7
MGV Vanguard Mega Cap Value ETF 2.0 7 42 6.9 +1.4
QLV FlexShares US Quality Low Volatility Index Fund 2.0 22 27 5.2 -0.4
SPXT ProShares S&P 500 Ex-Technology ETF 2.0 9 40 5.7 +0.1
OUSA ALPS O'Shares U.S. Quality Dividend ETF 2.0 48 1 6.3 +0.7
SDOG ALPS Sector Dividend Dogs ETF 2.0 36 13 9.5 +3.9
SFY SoFi Select 500 ETF 1.9 0 49 5.2 -0.4
GBUY Goldman Sachs Future Consumer Equity ETF 1.9 75 -26 3.1 -2.5
GDEF Goldman Sachs Defensive Equity ETF 1.9 55 -6 4.4 -1.1
DEUS Xtrackers Russell US Multifactor ETF 1.9 17 32 7.2 +1.6
APUE ActivePassive U.S. Equity ETF 1.9 45 4 5.0 -0.5
LNGG Roundhill Alerian LNG ETF 1.9 65 -16 8.7 +3.1
YALL God Bless America ETF 1.9 65 -16 3.7 -1.9
XMLV Invesco S&P MidCap Low Volatility ETF 1.9 25 24 6.9 +1.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 1.9 15 34 10.3 +4.7
FNDX Schwab Fundamental US Large Co. Index ETF 1.8 25 24 7.2 +1.7
OALC OneAscent Large Cap Core ETF 1.8 86 -37 5.9 +0.3
DBLV AdvisorShares DoubleLine Value Equity ETF 1.8 90 -41 7.5 +1.9
OCEN IQ Clean Oceans ETF 1.8 45 4 5.3 -0.3
LRGF iShares U.S. Equity Factor ETF 1.8 8 41 5.9 +0.3
HDUS Hartford Disciplined US Equity ETF 1.8 19 30 6.2 +0.7
BIBL Inspire 100 ETF 1.8 35 14 4.9 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 1.8 49 0 5.0 -0.6
VIG Vanguard Dividend Appreciation ETF 1.8 6 43 5.9 +0.3
USMF WisdomTree U.S. Multifactor Fund 1.8 28 21 7.1 +1.5
GURU Global X Guru Index ETF 1.7 75 -26 2.5 -3.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.7 20 29 6.8 +1.2
FNDB Schwab Fundamental US Broad Market Index ETF 1.7 25 24 7.2 +1.6
ZECP Zacks Earnings Consistent Portfolio ETF 1.7 55 -6 5.0 -0.6
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 1.7 48 1 5.6 +0.0
AUSF Global X Adaptive U.S. Factor ETF 1.7 27 22 9.1 +3.5
VLU SPDR S&P 1500 Value Tilt ETF 1.7 12 37 7.2 +1.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.7 15 34 5.9 +0.3
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 32 5.9 +0.3
ADME Aptus Drawdown Managed Equity ETF 1.7 79 -30 4.4 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 1.7 9 40 5.3 -0.3
FDMO Fidelity Momentum Factor ETF 1.6 15 34 3.7 -1.8
QVML Invesco S&P 500 QVM Multi-factor ETF 1.6 11 38 5.2 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 1.6 15 34 6.1 +0.5
NTZG Nuveen Global Net Zero Transition ETF 1.6 56 -7 5.0 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 1.6 9 40 5.2 -0.4
FVAL Fidelity Value Factor ETF 1.6 15 34 7.6 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 1.6 20 29 5.1 -0.5
DVND Touchstone Dividend Select ETF 1.6 67 -18 6.5 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 1.6 29 20 5.2 -0.4
IVV iShares Core S&P 500 ETF 1.6 3 46 5.3 -0.2
VOO Vanguard S&P 500 ETF 1.5 3 46 5.4 -0.2
SPY SPDR S&P 500 ETF Trust 1.5 9 40 5.3 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 1.5 9 40 5.9 +0.3
SPLG SPDR Portfolio S&P 500 ETF 1.5 2 47 5.3 -0.2
TXS Texas Capital Texas Equity Index ETF 1.5 49 0 5.6 +0.0
RECS Columbia Research Enhanced Core ETF 1.5 15 34 5.6 +0.1
ILCB iShares Morningstar U.S. Equity ETF 1.5 3 46 5.3 -0.3
PBUS Invesco MSCI USA ETF 1.5 4 45 5.3 -0.3
VV Vanguard Large-Cap ETF 1.5 4 45 5.3 -0.3
RWL Invesco S&P 500 Revenue ETF 1.5 39 10 6.8 +1.2
DFAU Dimensional US Core Equity Market ETF 1.5 12 37 5.4 -0.2
ACVF American Conservative Values ETF 1.5 75 -26 4.5 -1.1
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 14 6.5 +1.0
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 1.5 3 46 5.5 -0.1
IWB iShares Russell 1000 ETF 1.5 15 34 5.2 -0.4
IYY iShares Dow Jones U.S. ETF 1.5 20 29 5.1 -0.5
VONE Vanguard Russell 1000 ETF 1.5 8 41 5.3 -0.3
STRV Strive 500 ETF 1.5 5 44 5.2 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 1.4 9 40 5.3 -0.2
PDP Invesco Dorsey Wright Momentum ETF 1.4 62 -13 3.7 -1.8
JHDV John Hancock U.S. High Dividend ETF 1.4 34 15 6.6 +1.0
ESGU iShares ESG Aware MSCI USA ETF 1.4 15 34 5.3 -0.3
DFUS Dimensional U.S. Equity ETF 1.4 9 40 5.2 -0.4
VTI Vanguard Total Stock Market ETF 1.4 3 46 5.1 -0.4
IUS Invesco RAFI Strategic US ETF 1.4 19 30 7.4 +1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 1.4 75 -26 5.0 -0.6
IWV iShares Russell 3000 ETF 1.4 20 29 5.0 -0.5
VTHR Vanguard Russell 3000 ETF 1.4 10 39 5.1 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 1.4 20 29 5.1 -0.5
DIVB iShares Core Dividend ETF 1.4 5 44 8.1 +2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 1.4 3 46 5.2 -0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 1.4 20 29 7.3 +1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 1.4 7 42 5.2 -0.3
FQAL Fidelity Quality Factor ETF 1.4 15 34 6.0 +0.4
XMVM Invesco S&P MidCap Value with Momentum ETF 1.4 39 10 11.0 +5.4
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 45 6.4 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 1.4 2 47 5.3 -0.3
SCHX Schwab U.S. Large-Cap ETF 1.4 3 46 5.3 -0.3
AVUS Avantis U.S. Equity ETF 1.4 15 34 6.1 +0.6
BKWO BNY Mellon Women's Opportunities ETF 1.4 50 -1 3.8 -1.7
RVRB Reverb ETF 1.4 30 19 5.0 -0.6
NULC Nuveen ESG Large-Cap ETF 1.4 21 28 5.6 -0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 1.3 0 49 5.3 -0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.3 15 34 4.9 -0.6
HAPI Harbor Human Capital Factor US Large Cap ETF 1.3 36 13 4.8 -0.7
FLLV Franklin U.S. Low Volatility ETF 1.3 29 20 6.0 +0.4
SCHK Schwab 1000 Index ETF 1.3 5 44 5.3 -0.2
GDIV Harbor Dividend Growth Leaders ETF 1.3 50 -1 6.1 +0.5
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 1.3 50 -1 8.0 +2.4
FLRG Fidelity U.S. Multifactor ETF 1.3 15 34 7.8 +2.2
ACSI American Customer Satisfaction ETF 1.3 65 -16 4.9 -0.7
BLES Inspire Global Hope ETF 1.3 61 -12 6.4 +0.8
SFYX SoFi Next 500 ETF 1.3 0 49 5.7 +0.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.3 20 29 4.5 -1.0
VOTE TCW Transform 500 ETF 1.3 5 44 5.3 -0.3
SCHB Schwab U.S. Broad Market ETF 1.3 3 46 5.3 -0.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 1.3 7 42 5.2 -0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.3 52 -3 6.4 +0.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.3 10 39 4.9 -0.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.3 10 39 4.8 -0.7
FNK First Trust Mid Cap Value AlphaDEX Fund 1.3 70 -21 9.3 +3.8
GDVD R3 Global Dividend Growth ETF 1.2 88 -39 5.8 +0.3
WTV WisdomTree US Value Fund of Benef Interest 1.2 12 37 8.8 +3.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.2 15 34 6.5 +0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 1.2 11 38 5.3 -0.3
WLDR Affinity World Leaders Equity ETF 1.2 67 -18 8.6 +3.0
EQUL IQ Engender Equality ETF 1.2 45 4 6.9 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 1.2 15 34 8.0 +2.5
NUDV Nuveen ESG Dividend ETF 1.2 26 23 7.6 +2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.2 4 45 6.2 +0.6
MTUM iShares MSCI USA Momentum Factor ETF 1.2 15 34 3.8 -1.8
RFFC ALPS Active Equity Opportunity ETF 1.1 48 1 4.6 -1.0
VAMO Cambria Value & Momentum ETF 1.1 61 -12 9.8 +4.2
JMOM JPMorgan U.S. Momentum Factor ETF 1.1 12 37 4.9 -0.7
TOK iShares MSCI Kokusai ETF 1.1 26 23 5.3 -0.2
SHE SPDR MSCI USA Gender Diversity ETF 1.1 20 29 5.0 -0.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.1 25 24 8.9 +3.3
EPS WisdomTree U.S. LargeCap Fund 1.1 8 41 6.3 +0.8
ROE Astoria US Quality Kings ETF 1.1 49 0 8.3 +2.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.1 25 24 5.7 +0.1
URTH iShares MSCI World ETF 1.1 24 25 5.4 -0.1
SNPE Xtrackers S&P 500 ESG ETF 1.1 10 39 5.4 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 1.1 30 19 6.1 +0.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.1 14 35 5.4 -0.1
IQSU IQ Candriam U.S. Large Cap Equity ETF 1.0 9 40 5.1 -0.5
HLGE Hartford Longevity Economy ETF 1.0 44 5 6.7 +1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 1.0 10 39 7.0 +1.4
XVV iShares ESG Screened S&P 500 ETF 1.0 8 41 5.2 -0.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.0 64 -15 2.1 -3.5
MDY SPDR S&P Midcap 400 ETF Trust 1.0 23 26 6.8 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 1.0 9 40 5.5 -0.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.0 3 46 7.0 +1.5
IJH iShares Core S&P Mid-Cap ETF 1.0 5 44 7.0 +1.4
STXD Strive 1000 Dividend Growth ETF 1.0 35 14 5.5 -0.0
CVAR Cultivar ETF 1.0 87 -38 7.0 +1.5
FSST Fidelity Sustainable U.S. Equity ETF 1.0 59 -10 5.0 -0.6
QQQ Invesco QQQ Trust Series I 1.0 20 29 4.7 -0.9
QQQM Invesco NASDAQ 100 ETF 1.0 15 34 4.7 -0.8
DFAC Dimensional U.S. Core Equity 2 ETF 1.0 17 32 5.7 +0.2
VBR Vanguard Small Cap Value ETF 1.0 7 42 8.3 +2.7
ACWI iShares MSCI ACWI ETF 0.9 32 17 5.5 -0.1
WCEO Hypatia Women CEO ETF 0.9 85 -36 5.2 -0.4
VOT Vanguard Mid-Cap Growth ETF 0.9 7 42 4.2 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -26 5.3 -0.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.9 39 10 8.8 +3.2
FLQL Franklin LibertyQ U.S. Equity ETF 0.9 15 34 6.1 +0.5
PKW Invesco Buyback Achievers ETF 0.9 62 -13 7.2 +1.7
VT Vanguard Total World Stock ETF 0.9 7 42 5.9 +0.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.9 15 34 7.1 +1.6
MGC Vanguard Mega Cap ETF 0.9 7 42 5.1 -0.4
IWL iShares Russell Top 200 ETF 0.8 15 34 5.0 -0.5
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.8 15 34 7.0 +1.4
FDLO Fidelity Low Volatility Factor ETF 0.8 15 34 5.5 -0.0
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 9 7.2 +1.7
LRGE ClearBridge Large Cap Growth ESG ETF 0.8 59 -10 3.4 -2.2
VB Vanguard Small-Cap ETF 0.8 5 44 5.4 -0.1
VLUE iShares MSCI USA Value Factor ETF 0.8 15 34 11.0 +5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 40 5.7 +0.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.8 15 34 7.7 +2.1
FDWM Fidelity Women's Leadership ETF 0.8 59 -10 4.9 -0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 -11 6.1 +0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 37 5.1 -0.5
SMMD iShares Russell 2500 ETF 0.7 15 34 6.0 +0.5
OEF iShares S&P 100 ETF 0.7 20 29 5.0 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.7 12 37 4.5 -1.0
RNMC First Trust Mid Cap US Equity Select ETF 0.7 60 -11 7.9 +2.4
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 37 8.5 +2.9
USVT US Value ETF 0.7 49 0 11.3 +5.8
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.7 60 -11 6.7 +1.1
USMC Principal U.S. Mega-Cap ETF 0.7 12 37 5.0 -0.6
SQEW LeaderShares Equity Skew ETF 0.7 81 -32 6.1 +0.5
SUSL iShares ESG MSCI USA Leaders ETF 0.6 10 39 5.2 -0.4
KRUZ Unusual Whales Subversive Republican Trading ETF 0.6 75 -26 5.0 -0.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 29 2.1 -3.5
QGRO American Century U.S. Quality Growth ETF 0.6 29 20 5.9 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 29 5.6 +0.1
XT iShares Exponential Technologies ETF 0.6 46 3 3.9 -1.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.6 10 39 5.2 -0.4
DGT SPDR Global Dow ETF 0.6 50 -1 6.7 +1.1
VBK Vanguard Small-Cap Growth ETF 0.6 7 42 1.5 -4.1
XLG Invesco S&P 500 Top 50 ETF 0.6 20 29 4.7 -0.8
GSPY Gotham Enhanced 500 ETF 0.5 50 -1 5.3 -0.2
BFOR ALPS Barron's 400 ETF 0.5 65 -16 6.7 +1.1
KRMA Global X Conscious Companies ETF 0.5 43 6 5.9 +0.3
VUSE Vident U.S. Equity Strategy ETF 0.5 50 -1 3.7 -1.9
SPHQ Invesco S&P 500 Quality ETF 0.5 15 34 5.5 -0.1
DSI iShares MSCI KLD 400 Social ETF 0.5 25 24 5.2 -0.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 25 7.9 +2.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.5 29 20 9.2 +3.7
RPV Invesco S&P 500 Pure Value ETF 0.5 35 14 10.1 +4.5
QDF FlexShares Quality Dividend Index Fund 0.5 37 12 5.1 -0.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 28 3.9 -1.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 39 5.5 -0.1
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 34 7.7 +2.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.5 15 34 4.8 -0.8
QQQN VictoryShares Nasdaq Next 50 ETF 0.5 18 31 4.6 -1.0
GVLU Gotham 1000 Value ETF 0.5 50 -1 7.5 +2.0
RAYD Rayliant Quantitative Developed Market Equity ETF 0.5 80 -31 4.5 -1.1
CGGR Capital Group Growth ETF 0.5 39 10 3.5 -2.1
ILCG iShares Morningstar Growth ETF 0.5 4 45 4.1 -1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -31 6.6 +1.0
TTAC FCF US Quality ETF 0.5 59 -10 6.6 +1.1
AVLV Avantis U.S. Large Cap Value ETF 0.4 15 34 7.6 +2.1
SMDY Syntax Stratified MidCap ETF 0.4 35 14 6.3 +0.8
DES WisdomTree U.S. SmallCap Dividend Fund 0.4 38 11 8.2 +2.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 20 6.4 +0.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.4 35 14 7.6 +2.0
FYT First Trust Small Cap Value AlphaDEX Fund 0.4 73 -24 11.8 +6.3
STXG Strive 1000 Growth ETF 0.4 18 31 4.2 -1.3
VXF Vanguard Extended Market ETF 0.4 6 43 4.0 -1.6
HLAL Wahed FTSE USA Shariah ETF 0.4 50 -1 5.0 -0.6
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 37 5.8 +0.2
VOOG Vanguard S&P 500 Growth ETF 0.3 10 39 5.5 -0.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.3 30 19 8.1 +2.5
SPMO Invesco S&P 500 Momentum ETF 0.3 13 36 3.8 -1.8
EZM WisdomTree U.S. MidCap Fund 0.3 38 11 8.3 +2.7
DFLV Dimensional US Large Cap Value ETF 0.3 22 27 7.9 +2.4
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 31 5.7 +0.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 29 4.8 -0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 31 8.3 +2.7
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 34 8.3 +2.8
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -3 2.7 -2.9
GLOF iShares Global Equity Factor ETF 0.2 20 29 7.1 +1.5
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 -26 3.8 -1.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 37 7.3 +1.8
DUHP Dimensional US High Profitability ETF 0.2 21 28 7.1 +1.5
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 7 6.3 +0.7
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 -11 4.1 -1.4
VTWV Vanguard Russell 2000 Value ETF 0.2 15 34 5.8 +0.3
IWN iShares Russell 2000 Value ETF 0.2 24 25 5.6 +0.0
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 26 3.9 -1.7
FPAG FPA Global Equity ETF 0.2 49 0 5.7 +0.1
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 0 6.1 +0.5
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 45 4.7 -0.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -12 7.2 +1.6
DFUV Dimensional US Marketwide Value ETF 0.2 22 27 7.8 +2.2
STXK Strive Small-Cap ETF 0.2 18 31 5.5 -0.0
ISMD Inspire Small/Mid Cap ETF 0.2 54 -5 6.1 +0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 45 5.8 +0.2
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 43 8.2 +2.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 24 6.9 +1.3
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 20 7.3 +1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 24 6.1 +0.5
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 21 8.3 +2.8
SPVU Invesco S&P 500 Enhanced Value ETF 0.1 13 36 9.4 +3.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 20 7.4 +1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 29 6.8 +1.2
VTWO Vanguard Russell 2000 ETF 0.1 10 39 3.9 -1.7
IWM iShares Russell 2000 ETF 0.1 19 30 3.6 -2.0
DFAS Dimensional U.S. Small Cap ETF 0.1 26 23 6.1 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 45 4.6 -0.9
IVW iShares S&P 500 Growth ETF 0.1 18 31 4.5 -1.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 7 5.2 -0.4
SCHA Schwab U.S. Small-Cap ETF 0.1 4 45 4.9 -0.7
LVOL American Century Low Volatility ETF 0.1 29 20 5.3 -0.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 42 5.8 +0.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 45 5.4 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -26 4.7 -0.8
TEQI T. Rowe Price Equity Income ETF 0.1 54 -5 4.1 -1.5
VFMV Vanguard U.S. Minimum Volatility ETF 0.1 13 36 5.4 -0.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 34 5.8 +0.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 17 5.2 -0.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 40 5.1 -0.5
IWF iShares Russell 1000 Growth ETF 0.0 19 30 4.7 -0.8
VONG Vanguard Russell 1000 Growth ETF 0.0 8 41 4.9 -0.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 34 1.7 -3.8
IWO iShares Russell 2000 Growth ETF 0.0 24 25 1.4 -4.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 30 6.6 +1.1
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 -1 5.0 -0.6
TGRW T. Rowe Price Growth Stock ETF 0.0 52 -3 4.2 -1.4
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 -8 3.6 -2.0

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Virtus Reaves Utilities ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.55
 
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.