USCF Sustainable Battery Metals Strategy Fund
ALTAR
Score™		 14.8% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 16.9x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ZSB is an actively managed fund consisting of derivatives that provide exposure to various metals necessary for battery and electrification infrastructure.

FUND BASICS
Category Global Equities
Fund Sponsor Marygold
Website www.uscfinvestments.com/zsb
Inception date Jan 11, 2023
Assets (mns) $2
Currency USD
Expense ratio 61 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 45
Wgt avg mkt cap (mns) $980
Large cap (>$10bn) 15.6%
Mid cap ($2-10bn) 45.1%
Small cap (<$2bn) 35.9%
Developed mkts 65.9%
Emerging mkts 34.1%

TOP TEN HOLDINGS
SGL CARBON SE 3.0 %
ALBEMARLE CORP 1.9 %
NIPPON CARBON CO LTD 1.4 %
QUIMICA Y MINERA CHIL-SP ADR 1.4 %
SHANGHAI PUTAILAI NEW ENERGY TECHN 1.2 %
LYNAS CORPORATION LIMITED 1.2 %
JINDUICHENG MOLYBDENUM CO., LTD. C 1.1 %
GRAFTECH INTERNATIONAL LTD. 1.1 %
GANFENG LITHIUM CO., LTD. CLASS H 1.0 %
ELKEM ASA 0.8 %
Total 14.0 %

TOP COUNTRY EXPOSURE
CHINA 5.2 %
UNITED STATES 3.9 %
GERMANY 3.4 %
AUSTRALIA 2.3 %
JAPAN 1.9 %
CHILE 1.4 %
NORWAY 0.8 %
FRANCE 0.6 %
SOUTH KOREA 0.1 %
BRAZIL 0.1 %

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.
-9.7% -34.0% -- -- -35.3%

Market Correlations
versus... Beta R-squared
S&P500 0.53 19%
MSCI EAFE 0.43 16%
MSCI Emg. Mkts. 0.63 35%

Technical Indicators
Recent close $15.97
30d moving avg. $17.10
Annualized volatility 16.1%
Short interest (ETF) 1.8%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $2,086

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 449 potential alternatives to the USCF Sustainable Battery Metals Strategy Fund ETF based on the alternatives' overlap in portfolio holdings with ZSB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ZSB Expense: 61 bp ALTAR Score™: 14.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ZSB
Ticker Fund
Name		 Overlap1
vs ZSB
(%)		 Expense
ratio
(bp)		 Savings
vs ZSB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ZSB
(%)
DMAT Global X Disruptive Materials ETF 8.1 59 2 9.3 -5.5
REMX VanEck Rare Earth/Strategic Metals ETF 7.7 54 7 10.9 -3.8
SETM Sprott Energy Transition Materials ETF 7.5 65 -4 4.9 -9.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 7.4 85 -24 7.7 -7.0
LIT Global X Lithium & Battery Tech ETF 6.9 75 -14 9.3 -5.4
BATT Amplify Lithium & Battery Technology ETF 6.3 59 2 2.7 -12.1
ION ProShares S&P Global Core Battery Metals ETF 6.0 58 3 10.6 -4.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.9 72 -11 2.0 -12.8
GMET VanEck Green Metals ETF 5.8 63 -2 9.4 -5.4
LITP Sprott Lithium Miners ETF 5.2 65 -4 10.9 -3.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.7 45 16 4.6 -10.2
DRIV Global X Autonomous & Electric Vehicles ETF 4.4 68 -7 3.1 -11.6
BNE Blue Horizon BNE ETF 3.8 87 -26 4.7 -10.0
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.8 58 3 -0.3 -15.1
PBW Invesco WilderHill Clean Energy ETF 3.6 66 -5 -17.9 -32.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.9 39 22 -3.3 -18.0
CARZ First Trust NASDAQ Global Auto Index Fund 2.8 70 -9 3.3 -11.5
FXZ First Trust Materials AlphaDEX Fund 2.6 61 0 9.9 -4.9
PBD Invesco Global Clean Energy ETF 2.5 75 -14 -3.7 -18.4
IYM iShares U.S. Basic Materials ETF 2.1 40 21 6.6 -8.1
ACES ALPS Clean Energy ETF 1.9 55 6 -4.6 -19.4
RSPM Invesco S&P 500 Equal Weight Materials ETF 1.9 40 21 7.2 -7.5
SPRX Spear Alpha ETF 1.9 75 -14 -0.5 -15.3
EQRR ProShares Equities for Rising Rates ETF 1.9 35 26 7.9 -6.8
IDRV iShares Self-driving EV & Tech ETF 1.7 47 14 -0.5 -15.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.7 39 22 10.7 -4.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.7 35 26 5.9 -8.8
FMAT Fidelity MSCI Materials Index ETF 1.6 8 53 6.4 -8.4
EV Mast Global Battery Recycling & Production ETF 1.5 65 -4 12.8 -2.0
DFND Siren DIVCON Dividend Defender ETF 1.5 189 -128 3.9 -10.8
ILF iShares Latin America 40 ETF 1.5 48 13 9.8 -5.0
FRDM Freedom 100 Emerging Markets ETF 1.4 49 12 6.9 -7.8
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -9 8.9 -5.9
SPGP Invesco S&P 500 GARP ETF 1.3 34 27 8.5 -6.3
XLB Materials Select Sector SPDR Fund 1.3 9 52 5.6 -9.1
FLAU Franklin FTSE Australia ETF 1.2 9 52 5.6 -9.2
LEAD Siren DIVCON Leaders Dividend ETF 1.2 43 18 5.1 -9.6
VAW Vanguard Materials ETF 1.2 10 51 6.3 -8.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.2 65 -4 3.8 -11.0
SPHB Invesco S&P 500 High Beta ETF 1.1 25 36 4.9 -9.8
MXI iShares Global Materials ETF 1.1 41 20 6.5 -8.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.1 70 -9 10.8 -4.0
GSFP Goldman Sachs Future Planet Equity ETF 1.0 75 -14 4.2 -10.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 19 6.6 -8.1
FCA First Trust China AlphaDEX Fund 1.0 80 -19 16.8 +2.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -19 15.6 +0.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.0 65 -4 5.9 -8.8
BECO BlackRock Future Climate and Sustainable Economy ETF 1.0 70 -9 13.3 -1.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.9 42 19 5.7 -9.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 3 5.4 -9.4
EWA iShares MSCI Australia ETF 0.8 50 11 5.1 -9.7
MOO VanEck Agribusiness ETF 0.8 53 8 9.1 -5.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.8 60 1 5.0 -9.7
CGDV Capital Group Dividend Value ETF 0.8 33 28 5.6 -9.1
MVPS Amplify Thematic All-Stars ETF 0.8 49 12 1.6 -13.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 0.8 39 22 12.4 -2.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 15 8.7 -6.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 31 8.9 -5.8
XME SPDR S&P Metals & Mining ETF 0.7 35 26 7.1 -7.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.7 59 2 3.2 -11.5
DKRB Subversive Decarbonization ETF 0.7 75 -14 0.0 -14.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 30 6.3 -8.5
XT iShares Exponential Technologies ETF 0.7 46 15 3.7 -11.0
DISV Dimensional International Small Cap Value ETF 0.7 42 19 9.0 -5.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.7 80 -19 9.8 -5.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 42 5.6 -9.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.7 45 16 5.9 -8.8
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 14 5.1 -9.7
DFIS Dimensional International Small Cap ETF 0.6 39 22 6.5 -8.3
NIKL Sprott Nickel Miners ETF 0.6 75 -14 7.2 -7.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.6 34 27 10.3 -4.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.6 15 46 7.0 -7.8
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 3 8.5 -6.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -34 11.0 -3.7
DIM WisdomTree International MidCap Dividend Fund 0.6 58 3 7.4 -7.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.6 32 29 5.3 -9.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 12 6.5 -8.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 41 6.3 -8.4
OALC OneAscent Large Cap Core ETF 0.5 86 -25 5.7 -9.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 20 7.1 -7.7
FYLD Cambria Foreign Shareholder Yield ETF 0.5 59 2 11.7 -3.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 41 5.9 -8.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -18 10.2 -4.6
BIBL Inspire 100 ETF 0.5 35 26 4.8 -10.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.5 35 26 2.2 -12.6
KRMA Global X Conscious Companies ETF 0.5 43 18 5.7 -9.1
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 34 9.0 -5.8
RPV Invesco S&P 500 Pure Value ETF 0.5 35 26 9.9 -4.9
CNYA iShares MSCI China A ETF 0.4 60 1 8.3 -6.5
WLDR Affinity World Leaders Equity ETF 0.4 67 -6 8.3 -6.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 16 12.4 -2.4
SDY SPDR S&P Dividend ETF 0.4 35 26 6.2 -8.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 31 7.4 -7.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 21 0.0 -14.8
VOT Vanguard Mid-Cap Growth ETF 0.4 7 54 4.1 -10.7
VPL Vanguard FTSE Pacific ETF 0.4 8 53 6.7 -8.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 52 9.5 -5.2
FGM First Trust Germany AlphaDEX Fund 0.4 80 -19 8.9 -5.8
RFEU First Trust Riverfront Dynamic Europe ETF 0.4 83 -22 8.7 -6.1
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 38 8.5 -6.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.4 58 3 8.7 -6.0
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 23 8.4 -6.4
AVIV Avantis International Large Cap Value ETF 0.4 25 36 8.7 -6.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.4 65 -4 8.5 -6.2
QINT American Century Quality Diversified International ETF 0.3 39 22 7.2 -7.5
AVDV Avantis International Small Cap Value ETF 0.3 36 25 7.8 -7.0
SPVU Invesco S&P 500 Enhanced Value ETF 0.3 13 48 9.3 -5.5
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 19 0.0 -14.8
ENOR iShares MSCI Norway ETF 0.3 53 8 7.4 -7.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 32 7.1 -7.6
IPAC iShares Core MSCI Pacific ETF 0.3 9 52 6.4 -8.3
NORW Global X MSCI Norway ETF 0.3 50 11 7.3 -7.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 31 7.6 -7.2
TRFM AAM Transformers ETF 0.3 49 12 1.2 -13.6
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 26 7.5 -7.3
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 17 11.3 -3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 23 8.0 -6.8
DIHP Dimensional International High Profitability ETF 0.3 29 32 6.8 -8.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 55 7.9 -6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 29 6.0 -8.7
ECNS iShares MSCI China Small-Cap ETF 0.3 59 2 12.9 -1.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -19 13.6 -1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 22 6.7 -8.1
AVEM Avantis Emerging Markets Equity ETF 0.3 33 28 8.8 -5.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 20 7.5 -7.2
FLCH Franklin FTSE China ETF 0.3 19 42 9.0 -5.8
ISZE iShares MSCI Intl Size Factor ETF 0.3 30 31 6.4 -8.4
STXK Strive Small-Cap ETF 0.2 18 43 5.3 -9.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 52 5.9 -8.8
FAN First Trust Global Wind Energy ETF 0.2 60 1 5.1 -9.6
BLES Inspire Global Hope ETF 0.2 61 0 6.2 -8.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 22 4.4 -10.4
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -19 8.1 -6.6
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 36 5.3 -9.5
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 32 5.7 -9.1
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 31 6.6 -8.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 41 6.1 -8.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -9 10.5 -4.3
AVDE Avantis International Equity ETF 0.2 23 38 7.7 -7.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 28 6.9 -7.8
DTH WisdomTree International High Dividend Fund 0.2 58 3 9.9 -4.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 57 5.5 -9.2
TCHI iShares MSCI China Multisector Tech ETF 0.2 59 2 2.8 -12.0
FVAL Fidelity Value Factor ETF 0.2 15 46 7.4 -7.4
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 33 8.0 -6.7
INTF iShares International Equity Factor ETF 0.2 15 46 7.6 -7.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 31 8.3 -6.5
DFSV Dimensional US Small Cap Value ETF 0.2 31 30 8.7 -6.1
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.2 95 -34 1.6 -13.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 14 9.6 -5.2
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 36 9.9 -4.9
VFVA Vanguard U.S. Value Factor ETF 0.2 13 48 10.5 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 41 5.4 -9.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 37 6.1 -8.7
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 41 6.2 -8.6
IWS iShares Russell Mid-Cap Value ETF 0.2 23 38 6.5 -8.3
VO Vanguard Mid-Cap ETF 0.2 4 57 5.8 -9.0
DFAS Dimensional U.S. Small Cap ETF 0.2 26 35 5.8 -8.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 22 7.1 -7.6
DFIC Dimensional International Core Equity 2 ETF 0.2 23 38 7.2 -7.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 53 7.0 -7.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 49 4.9 -9.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 42 6.9 -7.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 43 6.7 -8.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 47 6.0 -8.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 3 7.1 -7.7
VSGX Vanguard ESG International Stock ETF 0.2 12 49 6.6 -8.1
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 3 5.3 -9.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 9 5.3 -9.4
FEP First Trust Europe AlphaDEX Fund 0.2 80 -19 8.4 -6.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 49 5.2 -9.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -5 7.0 -7.8
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -4 4.4 -10.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -22 8.7 -6.0
GWX SPDR S&P International Small Cap ETF 0.2 40 21 6.4 -8.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 25 7.2 -7.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 12 6.4 -8.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 50 7.5 -7.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 21 7.7 -7.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.2 15 46 6.2 -8.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 41 6.6 -8.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -9 6.0 -8.7
MCHI iShares MSCI China ETF 0.2 59 2 8.4 -6.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 12 8.1 -6.7
JHMD John Hancock Multifactor Developed International ETF 0.2 39 22 7.2 -7.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 16 8.3 -6.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 46 6.8 -7.9
VEA Vanguard FTSE Developed Markets ETF 0.2 5 56 6.8 -8.0
SCHC Schwab International Small-Cap Equity ETF 0.2 11 50 6.2 -8.5
VTWV Vanguard Russell 2000 Value ETF 0.2 15 46 5.6 -9.2
IWN iShares Russell 2000 Value ETF 0.2 24 37 5.4 -9.4
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 2 2.8 -12.0
EEM iShares MSCI Emerging Markets ETF 0.2 69 -8 6.7 -8.1
SCHF Schwab International Equity ETF 0.2 6 55 6.8 -7.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 3 7.3 -7.4
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 55 7.9 -6.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 58 6.7 -8.0
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 52 7.3 -7.5
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 52 6.1 -8.7
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 1 4.0 -10.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 32 8.6 -6.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 -2 12.4 -2.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 52 3.8 -11.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 25 4.0 -10.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 52 5.6 -9.2
AVES Avantis Emerging Markets Value ETF 0.1 36 25 11.8 -3.0
DWM WisdomTree International Equity Fund 0.1 48 13 7.6 -7.2
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 54 6.7 -8.0
SMDY Syntax Stratified MidCap ETF 0.1 35 26 6.1 -8.7
CGGR Capital Group Growth ETF 0.1 39 22 3.4 -11.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 31 7.2 -7.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 0.1 45 16 6.4 -8.3
IWR iShares Russell Midcap ETF 0.1 19 42 5.6 -9.2
IEFA iShares Core MSCI EAFE ETF 0.1 7 54 2.6 -12.1
APIE ActivePassive International Equity ETF 0.1 45 16 7.5 -7.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 54 6.3 -8.4
VXUS Vanguard Total International Stock ETF 0.1 7 54 6.9 -7.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 36 7.3 -7.5
PRNT 3D Printing ETF 0.1 66 -5 -4.1 -18.8
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 57 6.0 -8.7
DWMF WisdomTree International Multifactor Fund 0.1 38 23 7.2 -7.6
SIZE iShares MSCI USA Size Factor ETF 0.1 15 46 5.9 -8.8
DFUV Dimensional US Marketwide Value ETF 0.1 22 39 7.6 -7.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 20 6.5 -8.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 41 6.7 -8.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 19 6.5 -8.3
EPS WisdomTree U.S. LargeCap Fund 0.1 8 53 6.2 -8.6
SFYX SoFi Next 500 ETF 0.1 0 61 5.5 -9.3
SFY SoFi Select 500 ETF 0.1 0 61 5.0 -9.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 36 6.5 -8.2
EWY iShares MSCI South Korea ETF 0.1 58 3 8.1 -6.6
FLKR Franklin FTSE South Korea ETF 0.1 9 52 9.0 -5.8
XCEM Columbia EM Core ex-China ETF 0.1 16 45 7.2 -7.6
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 29 6.0 -8.7
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 54 7.3 -7.5
IQSI IQ Candriam International Equity ETF 0.1 15 46 6.2 -8.5
GXC SPDR S&P China ETF 0.1 59 2 8.5 -6.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 25 6.6 -8.1
IJJ iShares S&P Mid-Cap 400 Value ETF 0.1 18 43 8.0 -6.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 24 8.5 -6.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.1 15 46 8.0 -6.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 2 9.3 -5.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 27 6.5 -8.3
FLGR Franklin FTSE Germany ETF 0.1 9 52 6.9 -7.9
RNSC Furst Trust Small Cap US Equity Select ETF 0.1 60 1 8.2 -6.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 41 6.5 -8.3
KGRN KraneShares MSCI China Clean Technology Index ETF 0.1 79 -18 5.9 -8.9
VBK Vanguard Small-Cap Growth ETF 0.1 7 54 1.4 -13.4
ISCB iShares Morningstar Small-Cap ETF 0.1 4 57 5.2 -9.6
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 57 6.5 -8.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 25 6.2 -8.5
VLUE iShares MSCI USA Value Factor ETF 0.1 15 46 10.8 -4.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 49 6.6 -8.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 36 6.6 -8.1
BKIE BNY Mellon International Equity ETF 0.1 4 57 6.7 -8.1
EXI iShares Global Industrials ETF 0.1 42 19 4.5 -10.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 41 6.1 -8.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.1 24 37 7.8 -6.9
MDY SPDR S&P Midcap 400 ETF Trust 0.1 23 38 6.6 -8.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 10 51 6.7 -8.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 58 6.8 -8.0
IJH iShares Core S&P Mid-Cap ETF 0.1 5 56 6.7 -8.0
EFA iShares MSCI EAFE ETF 0.1 35 26 6.2 -8.6
DEW WisdomTree Global High Dividend Fund 0.1 58 3 8.9 -5.8
VB Vanguard Small-Cap ETF 0.1 5 56 5.2 -9.5
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 11 6.2 -8.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 44 5.3 -9.5
IGE iShares North American Natural Resources ETF 0.1 41 20 6.5 -8.3
SLX VanEck Steel ETF 0.1 56 5 20.1 +5.3
RODE Hartford Multifactor Diversified International ETF 0.1 29 32 11.2 -3.6
BRAZ Global X Brazil Active ETF 0.1 75 -14 9.8 -5.0
VRAI Virtus Real Asset Income ETF 0.1 55 6 8.5 -6.3
CVY Invesco Zacks Multi-Asset Income ETF 0.1 106 -45 8.7 -6.0
CGUS Capital Group Core Equity ETF 0.1 33 28 4.6 -10.2
GNR SPDR S&P Global Natural Resources ETF 0.1 40 21 9.1 -5.6
CGXU Capital Group International Focus Equity ETF 0.1 54 7 4.0 -10.8
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.1 69 -8 8.2 -6.5
MEM Matthews Emerging Markets Equity Active ETF 0.1 79 -18 5.5 -9.2
UMMA Wahed Dow Jones Islamic World ETF 0.1 65 -4 4.1 -10.6
HAP VanEck Natural Resources ETF 0.1 50 11 9.4 -5.4
VTWO Vanguard Russell 2000 ETF 0.1 10 51 3.7 -11.0
IWM iShares Russell 2000 ETF 0.1 19 42 3.5 -11.3
BKF iShares MSCI BIC ETF 0.1 69 -8 6.8 -7.9
VIG Vanguard Dividend Appreciation ETF 0.1 6 55 5.8 -9.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 42 6.4 -8.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -19 10.7 -4.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 41 2.0 -12.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 52 7.8 -7.0
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 46 5.4 -9.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -3 2.0 -12.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 36 6.9 -7.9
SCHA Schwab U.S. Small-Cap ETF 0.1 4 57 4.7 -10.0
VT Vanguard Total World Stock ETF 0.1 7 54 5.7 -9.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.1 32 29 7.4 -7.3
STXE Strive Emerging Markets Ex-China ETF 0.1 32 29 6.8 -8.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -14 4.8 -9.9
TPIF Timothy Plan International ETF 0.1 62 -1 6.5 -8.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 3 5.8 -8.9
EZM WisdomTree U.S. MidCap Fund 0.1 38 23 8.0 -6.8
VYMI Vanguard International High Dividend Yield ETF 0.1 22 39 9.4 -5.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 53 7.4 -7.4
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 51 5.1 -9.7
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 0 6.9 -7.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 26 5.9 -8.9
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 21 5.9 -8.9
VBR Vanguard Small Cap Value ETF 0.1 7 54 8.0 -6.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 18 10.6 -4.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.1 20 41 10.4 -4.3
IWD iShares Russell 1000 Value ETF 0.1 19 42 6.5 -8.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 46 5.7 -9.1
IUSV iShares Core S&P US Value ETF 0.1 4 57 6.8 -8.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 41 6.5 -8.2
VONV Vanguard Russell 1000 Value ETF 0.1 8 53 6.7 -8.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 44 5.6 -9.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 57 6.7 -8.1
IVE iShares S&P 500 Value ETF 0.1 18 43 6.6 -8.2
VXF Vanguard Extended Market ETF 0.1 6 55 3.8 -10.9
AVUS Avantis U.S. Equity ETF 0.1 15 46 5.9 -8.8
PFM Invesco Dividend Achievers ETF 0.1 53 8 5.6 -9.1
HLAL Wahed FTSE USA Shariah ETF 0.1 50 11 4.8 -9.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 22 7.4 -7.3
STXV Strive 1000 Value ETF 0.1 18 43 7.8 -7.0
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 21 10.0 -4.8
JHML John Hancock Multifactor Large Cap ETF 0.1 29 32 5.5 -9.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 46 4.8 -10.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 12 4.8 -10.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 44 5.5 -9.2
ILCV iShares Morningstar Value ETF 0.1 4 57 6.6 -8.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 16 6.1 -8.7
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 57 6.2 -8.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 52 4.9 -9.9
VOOG Vanguard S&P 500 Growth ETF 0.1 10 51 5.3 -9.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 54 5.6 -9.2
ACWI iShares MSCI ACWI ETF 0.1 32 29 5.3 -9.4
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -14 3.6 -11.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 55 2.4 -12.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 36 5.0 -9.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 22 8.6 -6.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 57 4.2 -10.6
VUG Vanguard Growth ETF 0.1 4 57 4.1 -10.6
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 3 8.4 -6.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 52 5.4 -9.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 52 5.5 -9.2
RWL Invesco S&P 500 Revenue ETF 0.1 39 22 6.6 -8.1
HKND Humankind US Stock ETF 0.1 11 50 6.8 -8.0
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 22 7.2 -7.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 41 7.2 -7.6
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 45 7.2 -7.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 16 4.6 -10.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 54 5.1 -9.7
SSPY Syntax Stratified LargeCap ETF 0.1 30 31 6.4 -8.3
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 51 5.2 -9.6
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 44 7.5 -7.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 41 4.9 -9.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.0 51 10 6.6 -8.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 12 6.2 -8.6
GLOF iShares Global Equity Factor ETF 0.0 20 41 6.9 -7.9
CIL VictoryShares International Volatility Wtd ETF 0.0 45 16 6.7 -8.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.0 9 52 5.1 -9.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 16 8.3 -6.5
TOK iShares MSCI Kokusai ETF 0.0 26 35 5.2 -9.6
URTH iShares MSCI World ETF 0.0 24 37 5.3 -9.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.0 9 52 5.0 -9.7
SHE SPDR MSCI USA Gender Diversity ETF 0.0 20 41 4.9 -9.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 32 9.0 -5.8
CN Xtrackers MSCI All China Equity ETF 0.0 50 11 9.3 -5.5
DGRO iShares Core Dividend Growth ETF 0.0 8 53 6.4 -8.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 52 4.9 -9.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 19 5.0 -9.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 37 8.3 -6.4
SPEU SPDR Portfolio Europe ETF 0.0 7 54 6.4 -8.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.0 9 52 5.2 -9.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 61 5.1 -9.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 54 5.1 -9.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.0 58 3 10.5 -4.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -9 7.1 -7.7
EWN iShares MSCI Netherlands ETF 0.0 50 11 4.5 -10.2
VOTE TCW Transform 500 ETF 0.0 5 56 5.1 -9.7
IQDF FlexShares International Quality Dividend Index Fund 0.0 47 14 10.4 -4.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 58 5.0 -9.7
VTI Vanguard Total Stock Market ETF 0.0 3 58 5.0 -9.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 50 5.1 -9.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 59 5.1 -9.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 33 6.5 -8.3
VTHR Vanguard Russell 3000 ETF 0.0 10 51 5.0 -9.8
VGK Vanguard FTSE Europe ETF 0.0 11 50 6.6 -8.1
XVV iShares ESG Screened S&P 500 ETF 0.0 8 53 5.0 -9.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 50 5.1 -9.7
IWV iShares Russell 3000 ETF 0.0 20 41 4.9 -9.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 32 5.0 -9.7
IYY iShares Dow Jones U.S. ETF 0.0 20 41 4.9 -9.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 36 5.5 -9.2
VONE Vanguard Russell 1000 ETF 0.0 8 53 5.1 -9.7
IWB iShares Russell 1000 ETF 0.0 15 46 5.0 -9.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 58 5.3 -9.5
EFV iShares MSCI EAFE Value ETF 0.0 34 27 8.8 -5.9
SPY SPDR S&P 500 ETF Trust 0.0 9 52 5.1 -9.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 41 4.9 -9.8
APUE ActivePassive U.S. Equity ETF 0.0 45 16 4.9 -9.9
IVV iShares Core S&P 500 ETF 0.0 3 58 5.2 -9.6
VOO Vanguard S&P 500 ETF 0.0 3 58 5.2 -9.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 58 5.1 -9.7
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 59 5.2 -9.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 51 4.7 -10.1
VV Vanguard Large-Cap ETF 0.0 4 57 5.1 -9.6
STRV Strive 500 ETF 0.0 5 56 5.1 -9.7
SMMD iShares Russell 2500 ETF 0.0 15 46 5.8 -8.9
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 58 5.1 -9.6
SCHX Schwab U.S. Large-Cap ETF 0.0 3 58 5.2 -9.6
PBUS Invesco MSCI USA ETF 0.0 4 57 5.1 -9.6
DFUS Dimensional U.S. Equity ETF 0.0 9 52 5.0 -9.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 36 7.0 -7.8
FLEU Franklin FTSE Eurozone ETF 0.0 9 52 6.5 -8.2
SCHK Schwab 1000 Index ETF 0.0 5 56 5.2 -9.6
DFLV Dimensional US Large Cap Value ETF 0.0 22 39 7.8 -6.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 31 5.9 -8.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 51 4.7 -10.0
IEUR iShares Core MSCI Europe ETF 0.0 11 50 -1.3 -16.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 36 8.9 -5.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 36 7.0 -7.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 31 6.7 -8.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 49 5.2 -9.5
IUS Invesco RAFI Strategic US ETF 0.0 19 42 7.2 -7.6
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 49 7.1 -7.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 50 7.3 -7.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 46 5.6 -9.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 41 7.1 -7.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 15 6.2 -8.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 47 5.3 -9.5
RVRB Reverb ETF 0.0 30 31 4.8 -9.9
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 46 5.9 -8.8
FLEE Franklin FTSE Europe ETF 0.0 9 52 6.7 -8.1
ACVF American Conservative Values ETF 0.0 75 -14 4.3 -10.4
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -28 4.7 -10.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -4 7.5 -7.3
IWO iShares Russell 2000 Growth ETF 0.0 24 37 1.4 -13.4
DFIV Dimensional International Value ETF 0.0 27 34 9.6 -5.1
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 13 7.5 -7.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 44 7.0 -7.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 46 1.7 -13.1
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 22 8.4 -6.3
VYM Vanguard High Dividend Yield Index ETF 0.0 6 55 7.3 -7.4
STXG Strive 1000 Growth ETF 0.0 18 43 4.1 -10.7
GSPY Gotham Enhanced 500 ETF 0.0 50 11 5.2 -9.6
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 53 4.7 -10.1
VIS Vanguard Industrials ETF 0.0 10 51 4.4 -10.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 57 4.5 -10.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 43 5.6 -9.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 49 4.4 -10.4

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:		 USCF Sustainable Battery Metals Strategy Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 14.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.50
 
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.