AltShares Merger Arbitrage ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.5x P/Sales
ratio		 1.8x
P/BV
ratio		 2.1x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ARB tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company.

FUND BASICS
Category US Equities
Fund Sponsor Water Island Capital Partners LP
Website www.altsharesetfs.com/arb
Inception date May 07, 2020
Assets (mns) $77
Currency USD
Expense ratio 77 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $8,241
Large cap (>$10bn) 34.0%
Mid cap ($2-10bn) 40.4%
Small cap (<$2bn) 25.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FRONTIER COMMUNICATIONS PARENT, IN 4.7 %
CATALENT INC 4.6 %
KELLOGG CO 4.4 %
JUNIPER NETWORKS INC 3.8 %
ATLANTICA SUSTAINABLE INFRASTRUCTU 3.7 %
SMARTSHEET, INC. CLASS A 3.6 %
ARCADIUM LITHIUM PLC 3.2 %
ALTAIR ENGINEERING INC. CLASS A 3.2 %
ALLETE INC 3.1 %
EVERI HOLDINGS, INC. 3.1 %
Total 37.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 74.3 %
BRITAIN 10.1 %
CANADA 3.5 %
GERMANY 1.3 %
SWEDEN 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.3% 5.8% 4.3% -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.04 2%
MSCI EAFE 0.03 1%
MSCI Emg. Mkts. -0.05 7%

Technical Indicators
Recent close $29.05
30d moving avg. $28.99
Annualized volatility 3.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.4%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $5,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 583 potential alternatives to the AltShares Merger Arbitrage ETF ETF based on the alternatives' overlap in portfolio holdings with ARB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ARB Expense: 77 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ARB
Ticker Fund
Name		 Overlap1
vs ARB
(%)		 Expense
ratio
(bp)		 Savings
vs ARB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ARB
(%)
IYZ iShares U.S. Telecommunications ETF 8.2 40 37 5.8 +1.6
RSPC Invesco S&P 500 Equal Weight Communication Services ETF 6.9 40 37 5.5 +1.3
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 6.7 75 2 5.4 +1.2
HAPY Harbor Human Capital Factor Unconstrained ETF 4.5 50 27 5.7 +1.5
WTV WisdomTree US Value Fund of Benef Interest 4.5 12 65 8.9 +4.7
GVIP Goldman Sachs Hedge Industry VIP ETF 4.5 45 32 3.1 -1.1
HAPS Harbor Human Capital Factor US Small Cap ETF 3.8 60 17 3.9 -0.3
AUSF Global X Adaptive U.S. Factor ETF 3.4 27 50 8.9 +4.7
NUMV Nuveen ESG Mid-Cap Value ETF 3.2 31 46 7.0 +2.8
XTL SPDR S&P Telecom ETF 3.1 35 42 1.8 -2.4
XMLV Invesco S&P MidCap Low Volatility ETF 3.1 25 52 7.8 +3.6
KROP Global X AgTech & Food Innovation ETF 2.9 50 27 2.0 -2.2
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.9 40 37 7.3 +3.1
KBWR Invesco KBW Regional Banking ETF 2.8 35 42 10.1 +5.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.7 24 53 8.2 +4.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.7 20 57 6.4 +2.2
KRE SPDR S&P Regional Banking ETF 2.6 35 42 10.3 +6.1
IVES Wedbush ETFMG Global Cloud Technology ETF 2.6 68 9 6.1 +1.9
SHRY First Trust Bloomberg Shareholder Yield ETF 2.6 60 17 8.2 +4.0
XLC Communication Services Select Sector SPDR Fund 2.6 8 69 4.9 +0.7
YALL God Bless America ETF 2.6 65 12 3.5 -0.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.5 60 17 5.5 +1.3
INCE Franklin Income Equity Focus ETF 2.5 29 48 5.6 +1.4
PSC Principal U.S. Small-Cap ETF 2.4 38 39 6.7 +2.5
FEGE First Eagle Global Equity ETF 2.3 79 -2 6.7 +2.5
NUMG Nuveen ESG Mid-Cap Growth ETF 2.3 31 46 2.6 -1.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.2 15 62 6.1 +1.9
FCOM Fidelity MSCI Communication Services Index ETF 2.2 8 69 4.4 +0.2
VOX Vanguard Communication Services ETF 2.1 9 68 4.4 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 59 7.8 +3.6
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.0 40 37 5.5 +1.3
SURE AdvisorShares Insiders Advantage ETF 2.0 90 -13 9.7 +5.5
KBE SPDR S&P Bank ETF 1.9 35 42 9.8 +5.6
TOGA Tremblant Global ETF 1.9 69 8 1.9 -2.3
SIXL ETC 6 Meridian Low Beta Equity ETF 1.9 80 -3 6.3 +2.1
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 48 6.4 +2.2
FEOE First Eagle Overseas Equity ETF 1.9 79 -2 7.7 +3.5
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 37 7.4 +3.2
SMCF Themes US Small Cap Cash Flow Champions ETF 1.9 29 48 12.6 +8.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.9 35 42 4.0 -0.2
JHSC John Hancock Multifactor Small Cap ETF 1.9 42 35 6.6 +2.4
CNRG SPDR S&P Kensho Clean Power ETF 1.8 45 32 0.7 -3.5
FPAG FPA Global Equity ETF 1.8 49 28 5.7 +1.5
JHMM John Hancock Multifactor Mid Cap ETF 1.8 42 35 6.4 +2.2
SSPY Syntax Stratified LargeCap ETF 1.8 30 47 6.7 +2.5
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 12 6.4 +2.2
QVAL Alpha Architect US Quantitative Value ETF 1.7 39 38 9.7 +5.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 57 6.8 +2.6
WLDR Affinity World Leaders Equity ETF 1.7 67 10 7.4 +3.2
GRPM Invesco S&P MidCap 400 GARP ETF 1.7 35 42 7.7 +3.5
AVUV Avantis U.S. Small Cap Value ETF 1.6 25 52 9.9 +5.7
OPTZ Optimize Strategy Index ETF 1.6 50 27 4.5 +0.3
NUDV Nuveen ESG Dividend ETF 1.6 26 51 7.6 +3.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 17 4.6 +0.4
IAT iShares U.S. Regional Banks ETF 1.6 40 37 9.9 +5.7
USMF WisdomTree U.S. Multifactor Fund 1.6 28 49 7.2 +3.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 62 8.0 +3.8
TMAT Main Thematic Innovation ETF 1.6 164 -87 -1.5 -5.7
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 28 11.5 +7.3
XLP Consumer Staples Select Sector SPDR Fund 1.5 8 69 6.3 +2.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.5 7 70 6.0 +1.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.4 75 2 2.7 -1.6
BBCA JPMorgan BetaBuilders Canada ETF 1.4 19 58 6.1 +1.9
FLCA Franklin FTSE Canada ETF 1.4 9 68 6.2 +2.0
EWC iShares MSCI Canada ETF 1.4 50 27 5.8 +1.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.4 27 50 7.1 +2.9
FLDZ RiverNorth Patriot ETF 1.4 75 2 6.2 +2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 73 6.2 +2.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.4 60 17 7.5 +3.3
QDIV Global X S&P 500 Quality Dividend ETF 1.3 20 57 8.9 +4.7
FSMD Fidelity Small-Mid Multifactor ETF 1.3 15 62 7.2 +3.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 2 2.8 -1.4
ISMD Inspire Small/Mid Cap ETF 1.2 54 23 5.6 +1.4
IQM Franklin Intelligent Machines ETF 1.2 50 27 1.7 -2.5
PY Principal Value ETF 1.2 15 62 7.3 +3.1
AVSC Avantis U.S Small Cap Equity ETF 1.2 25 52 5.5 +1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 1.2 18 59 8.9 +4.7
DRUP GraniteShares Nasdaq Select Disruptors ETF 1.1 60 17 3.8 -0.4
MDYV SPDR S&P 400 Mid Cap Value ETF 1.1 15 62 8.9 +4.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.1 10 67 9.0 +4.8
IYK iShares U.S. Consumer Staples ETF 1.1 40 37 6.6 +2.4
TTAC FCF US Quality ETF 1.1 59 18 6.5 +2.3
USCF Themes US Cash Flow Champions ETF 1.1 29 48 8.9 +4.7
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 17 9.6 +5.4
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 38 9.9 +5.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.1 39 38 -0.9 -5.1
ACVF American Conservative Values ETF 1.1 75 2 4.3 +0.1
DFAT Dimensional U.S. Targeted Value ETF 1.1 28 49 9.5 +5.3
IWN iShares Russell 2000 Value ETF 1.1 24 53 7.1 +2.9
VTWV Vanguard Russell 2000 Value ETF 1.1 10 67 7.1 +2.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.1 30 47 8.6 +4.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.1 43 34 6.0 +1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 57 5.5 +1.3
DFIV Dimensional International Value ETF 1.0 27 50 9.5 +5.3
FDMO Fidelity Momentum Factor ETF 1.0 15 62 3.5 -0.7
EZM WisdomTree U.S. MidCap Fund 0.9 38 39 9.2 +5.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 73 5.8 +1.6
FMAT Fidelity MSCI Materials Index ETF 0.9 8 69 6.3 +2.1
PSCF Invesco S&P SmallCap Financials ETF 0.9 29 48 9.6 +5.4
ISCV iShares Morningstar Small Cap Value ETF 0.9 6 71 9.3 +5.1
FLRG Fidelity U.S. Multifactor ETF 0.9 15 62 6.9 +2.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 19 4.0 -0.2
BIBL Inspire 100 ETF 0.9 35 42 5.0 +0.8
VDC Vanguard Consumer Staples ETF 0.9 9 68 6.0 +1.8
FVD First Trust Value Line Dividend Index Fund 0.9 65 12 6.4 +2.2
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 67 6.3 +2.1
NIXT Research Affiliates Deletions ETF 0.9 9 68 8.6 +4.4
TAX Cambria Tax Aware ETF 0.9 49 28 4.9 +0.7
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 37 7.6 +3.4
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 60 7.2 +3.0
SUSA iShares MSCI USA ESG Select ETF 0.9 25 52 4.6 +0.4
VAMO Cambria Value & Momentum ETF 0.9 61 16 5.8 +1.6
ROE Astoria US Quality Kings ETF 0.9 49 28 6.5 +2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.9 29 48 8.2 +4.0
DON WisdomTree U.S. MidCap Dividend Fund 0.8 38 39 9.1 +4.9
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 25 6.9 +2.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.8 24 53 7.7 +3.5
NUSC Nuveen ESG Small-Cap ETF 0.8 31 46 5.2 +1.0
UIVM VictoryShares International Value Momentum ETF 0.8 35 42 8.9 +4.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.8 29 48 6.4 +2.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 38 5.8 +1.6
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.8 8 69 6.0 +1.8
QDEF FlexShares Quality Dividend Defensive Index Fund 0.8 37 40 5.9 +1.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.8 18 59 5.9 +1.7
IFRA iShares U.S. Infrastructure ETF 0.8 30 47 6.3 +2.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 16 6.6 +2.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 68 6.1 +1.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 52 5.5 +1.3
FNCL Fidelity MSCI Financials Index ETF 0.8 8 69 6.5 +2.3
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 55 5.6 +1.4
GOP Unusual Whales Subversive Republican Trading ETF 0.8 50 27 5.3 +1.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.8 6 71 8.1 +3.9
FMET Fidelity Metaverse ETF 0.8 39 38 4.4 +0.2
USMV iShares MSCI USA Min Vol Factor ETF 0.8 15 62 5.9 +1.7
GVLU Gotham 1000 Value ETF 0.8 50 27 9.0 +4.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.7 20 57 4.2 -0.0
SCHA Schwab U.S. Small-Cap ETF 0.7 4 73 5.8 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.7 32 45 6.1 +1.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 41 10.8 +6.6
FVAL Fidelity Value Factor ETF 0.7 15 62 6.6 +2.4
GINN Goldman Sachs Innovate Equity ETF 0.7 52 25 3.4 -0.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.7 15 62 7.3 +3.1
VBR Vanguard Small Cap Value ETF 0.7 7 70 9.2 +5.0
MDY SPDR S&P Midcap 400 ETF Trust 0.7 24 53 7.2 +3.0
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -3 11.7 +7.5
IJH iShares Core S&P Mid-Cap ETF 0.7 5 72 7.4 +3.2
OALC OneAscent Large Cap Core ETF 0.7 86 -9 4.0 -0.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 65 6.5 +2.3
NULC Nuveen ESG Large-Cap ETF 0.7 21 56 4.6 +0.4
JHML John Hancock Multifactor Large Cap ETF 0.7 29 48 5.2 +1.0
AVSU Avantis Responsible U.S. Equity ETF 0.7 15 62 5.8 +1.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.7 3 74 7.4 +3.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.7 7 70 7.5 +3.3
DFSV Dimensional US Small Cap Value ETF 0.7 31 46 10.2 +6.0
IWS iShares Russell Mid-Cap Value ETF 0.7 23 54 6.8 +2.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.7 12 65 7.2 +3.0
NULV Nuveen ESG Large-Cap Value ETF 0.7 26 51 6.2 +2.0
VOE Vanguard Mid-Cap Value ETF 0.6 7 70 7.7 +3.5
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 38 7.6 +3.4
FTA First Trust Large Cap Value AlphaDEX Fund 0.6 59 18 8.9 +4.7
AVMC Avantis U.S. Mid Cap Equity ETF 0.6 18 59 7.0 +2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 30 5.8 +1.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.6 60 17 7.6 +3.4
STXM Strive Mid-Cap ETF 0.6 18 59 6.1 +1.9
FTXO First Trust Nasdaq Bank ETF 0.6 60 17 8.8 +4.6
CGGR Capital Group Growth ETF 0.6 39 38 3.0 -1.2
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 62 7.8 +3.6
DFAS Dimensional U.S. Small Cap ETF 0.6 26 51 6.4 +2.2
DXIV Dimensional International Vector Equity ETF 0.6 34 43 7.7 +3.5
FCPI Fidelity Stocks for Inflation ETF 0.6 15 62 7.5 +3.3
AVIV Avantis International Large Cap Value ETF 0.6 25 52 8.4 +4.2
ITAN Sparkline Intangible Value ETF 0.6 50 27 6.3 +2.1
KXI iShares Global Consumer Staples ETF 0.6 41 36 5.7 +1.5
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 17 3.5 -0.7
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 52 5.3 +1.1
KNCT Invesco Next Gen Connectivity ETF 0.6 40 37 4.3 +0.1
STXK Strive Small-Cap ETF 0.6 18 59 5.8 +1.6
WCEO Hypatia Women CEO ETF 0.6 85 -8 3.8 -0.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.6 47 30 9.0 +4.8
IDLV Invesco S&P International Developed Low Volatility ETF 0.6 25 52 6.4 +2.2
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 57 6.4 +2.2
FTEC Fidelity MSCI Information Technology Index ETF 0.6 8 69 3.6 -0.6
HKND Humankind US Stock ETF 0.6 11 66 6.9 +2.7
RSSL Global X Russell 2000 ETF 0.6 8 69 4.2 -0.0
IWM iShares Russell 2000 ETF 0.5 19 58 4.1 -0.1
DFIC Dimensional International Core Equity 2 ETF 0.5 23 54 7.3 +3.1
VTWO Vanguard Russell 2000 ETF 0.5 7 70 4.2 -0.0
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 73 6.6 +2.4
ROUS Hartford Multifactor US Equity ETF 0.5 19 58 7.0 +2.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 68 5.1 +0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 67 4.7 +0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 38 5.2 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 57 6.2 +2.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 42 7.8 +3.6
VB Vanguard Small-Cap ETF 0.5 5 72 6.1 +1.9
IWR iShares Russell Midcap ETF 0.5 19 58 5.8 +1.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 59 6.4 +2.2
ISCB iShares Morningstar Small-Cap ETF 0.5 4 73 6.1 +1.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 60 5.6 +1.4
ZAP Global X U.S. Electrification ETF 0.5 50 27 3.8 -0.4
RCGE RockCreek Global Equality ETF 0.5 95 -18 6.6 +2.4
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 59 9.6 +5.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 52 8.3 +4.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 57 6.2 +2.0
TPIF Timothy Plan International ETF 0.5 62 15 6.1 +1.9
PTL Inspire 500 ETF 0.5 9 68 5.1 +0.9
AVUS Avantis U.S. Equity ETF 0.5 15 62 5.6 +1.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 57 7.1 +2.9
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -4 2.7 -1.5
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 54 5.9 +1.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.5 39 38 9.5 +5.3
IXP iShares Global Comm Services ETF 0.5 42 35 5.4 +1.2
DFAI Dimensional International Core Equity Market ETF 0.5 18 59 7.0 +2.8
SFYX SoFi Next 500 ETF 0.5 0 77 5.7 +1.5
VXF Vanguard Extended Market ETF 0.5 5 72 4.6 +0.4
GQQQ Astoria US Quality Growth Kings ETF 0.5 35 42 4.4 +0.2
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 62 9.6 +5.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 67 9.6 +5.4
SPVU Invesco S&P 500 Enhanced Value ETF 0.4 13 64 10.1 +5.9
DIHP Dimensional International High Profitability ETF 0.4 29 48 7.0 +2.8
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 73 6.1 +1.9
SVAL iShares US Small Cap Value Factor ETF 0.4 20 57 10.4 +6.2
FESM Fidelity Enhanced Small Cap ETF 0.4 28 49 6.9 +2.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 62 4.6 +0.4
AVSD Avantis Responsible International Equity ETF 0.4 23 54 5.5 +1.3
JAVA JPMorgan Active Value ETF 0.4 44 33 6.4 +2.2
SDY SPDR S&P Dividend ETF 0.4 35 42 6.8 +2.6
HDV iShares Core High Dividend ETF 0.4 8 69 7.4 +3.2
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 57 6.6 +2.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 68 4.7 +0.5
FDEV Fidelity International Multifactor ETF 0.4 18 59 7.4 +3.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 57 4.9 +0.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 10 10.0 +5.8
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 53 6.2 +2.0
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 62 8.8 +4.6
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 57 8.9 +4.7
AIEQ AI Powered Equity ETF 0.4 75 2 3.6 -0.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 62 4.6 +0.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.4 15 62 4.7 +0.5
SMOT VanEck Morningstar SMID Moat ETF 0.4 49 28 6.6 +2.4
RWL Invesco S&P 500 Revenue ETF 0.4 39 38 6.7 +2.5
DURA VanEck Durable High Dividend ETF 0.4 29 48 8.8 +4.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 30 8.0 +3.8
STXV Strive 1000 Value ETF 0.4 18 59 8.0 +3.8
VO Vanguard Mid-Cap ETF 0.4 4 73 5.8 +1.6
EES WisdomTree U.S. SmallCap Fund 0.4 38 39 8.8 +4.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 56 3.5 -0.7
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 35 4.4 +0.2
DFUV Dimensional US Marketwide Value ETF 0.4 22 55 7.5 +3.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 42 10.0 +5.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 47 7.6 +3.4
EQIN Columbia US Equity Income ETF 0.4 35 42 6.6 +2.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 65 4.4 +0.2
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 68 6.1 +1.9
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 42 4.6 +0.4
CCMG CCM Global Equity ETF 0.4 34 43 8.3 +4.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.4 32 45 4.8 +0.6
CIL VictoryShares International Volatility Wtd ETF 0.3 45 32 6.5 +2.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 57 2.3 -1.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 65 8.1 +3.9
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 49 6.3 +2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 68 4.1 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 65 7.3 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 38 6.6 +2.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 66 4.7 +0.5
DUHP Dimensional US High Profitability ETF 0.3 21 56 6.3 +2.1
IXG iShares Global Financials ETF 0.3 42 35 6.6 +2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 52 7.1 +2.9
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 18 5.8 +1.6
DEW WisdomTree Global High Dividend Fund 0.3 58 19 8.4 +4.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 70 4.9 +0.7
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 52 5.1 +0.9
AVDE Avantis International Equity ETF 0.3 23 54 7.2 +3.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 67 4.9 +0.7
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 28 5.4 +1.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 57 9.7 +5.5
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 62 5.6 +1.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 60 5.4 +1.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 52 7.0 +2.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 3.9 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 48 6.8 +2.6
VALQ American Century U.S. Quality Value ETF 0.3 29 48 7.7 +3.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 60 5.9 +1.7
SMMD iShares Russell 2500 ETF 0.3 15 62 6.1 +1.9
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 17 3.9 -0.3
HDUS Hartford Disciplined US Equity ETF 0.3 19 58 5.6 +1.4
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 69 5.0 +0.8
PPA Invesco Aerospace & Defense ETF 0.3 58 19 2.3 -1.9
MISL First Trust Indxx Aerospace & Defense ETF 0.3 60 17 1.9 -2.3
ITA iShares U.S. Aerospace & Defense ETF 0.3 40 37 1.8 -2.4
XAR SPDR S&P Aerospace & Defense ETF 0.3 35 42 1.8 -2.4
TRFM AAM Transformers ETF 0.3 49 28 1.2 -3.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 10 67 6.1 +1.9
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 62 4.5 +0.3
CZAR Themes Natural Monopoly ETF 0.3 35 42 5.7 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 47 5.8 +1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 62 5.9 +1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 75 4.7 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 68 5.0 +0.8
DXUV Dimensional US Vector Equity ETF 0.3 28 49 6.1 +1.9
VYMI Vanguard International High Dividend Yield ETF 0.3 17 60 9.4 +5.2
SIZE iShares MSCI USA Size Factor ETF 0.3 15 62 6.1 +1.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 52 7.9 +3.7
BLES Inspire Global Hope ETF 0.3 61 16 6.7 +2.5
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 64 2.8 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 68 5.4 +1.2
VBK Vanguard Small-Cap Growth ETF 0.3 7 70 1.9 -2.3
EIPI FT Energy Income Partners Enhanced Income ETF 0.3 110 -33 6.4 +2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 77 4.7 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 70 4.6 +0.4
VOTE TCW Transform 500 ETF 0.3 5 72 4.7 +0.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 65 7.3 +3.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 39 9.5 +5.3
EIPX FT Energy Income Partners Strategy ETF 0.3 95 -18 7.6 +3.4
EMLP First Trust North American Energy Infrastructure Fund 0.3 95 -18 5.3 +1.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 62 7.8 +3.6
SPHQ Invesco S&P 500 Quality ETF 0.3 15 62 5.5 +1.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.3 39 38 11.5 +7.3
MTUM iShares MSCI USA Momentum Factor ETF 0.3 15 62 3.4 -0.8
VPU Vanguard Utilities ETF 0.3 9 68 5.0 +0.8
STXI Strive International Developed Markets ETF 0.2 29 48 6.5 +2.3
DFVX Dimensional US Large Cap Vector ETF 0.2 22 55 6.2 +2.0
FYT First Trust Small Cap Value AlphaDEX Fund 0.2 73 4 10.8 +6.6
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 49 5.9 +1.7
LRND IQ U.S. Large Cap R&D Leaders ETF 0.2 14 63 5.1 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 52 7.0 +2.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 58 6.2 +2.0
HLGE Hartford Longevity Economy ETF 0.2 44 33 -0.4 -4.6
IJR iShares Core S&P Small Cap ETF 0.2 6 71 7.6 +3.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 65 5.8 +1.6
NULG Nuveen ESG Large-Cap Growth ETF 0.2 26 51 3.3 -0.9
IUS Invesco RAFI Strategic US ETF 0.2 19 58 6.7 +2.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 57 4.5 +0.3
IUSV iShares Core S&P US Value ETF 0.2 4 73 6.3 +2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 57 7.8 +3.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 74 7.6 +3.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 7 70 7.5 +3.3
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 65 7.9 +3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 48 7.7 +3.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 52 5.9 +1.7
IWD iShares Russell 1000 Value ETF 0.2 19 58 6.4 +2.2
VONV Vanguard Russell 1000 Value ETF 0.2 7 70 6.5 +2.3
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 67 4.9 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 65 5.9 +1.7
NATO Themes Transatlantic Defense ETF 0.2 35 42 2.3 -1.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 47 7.3 +3.1
DCOR Dimensional US Core Equity 1 ETF 0.2 14 63 5.3 +1.1
DFLV Dimensional US Large Cap Value ETF 0.2 22 55 7.7 +3.5
QQQ Invesco QQQ Trust Series I 0.2 20 57 3.8 -0.4
QQQM Invesco NASDAQ 100 ETF 0.2 15 62 3.9 -0.3
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 67 4.5 +0.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 68 7.8 +3.6
VTV Vanguard Value ETF 0.2 4 73 6.8 +2.6
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 0.2 48 29 8.5 +4.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 41 4.7 +0.5
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.2 38 39 6.4 +2.2
FENY Fidelity MSCI Energy Index ETF 0.2 8 69 9.3 +5.1
QDF FlexShares Quality Dividend Index Fund 0.2 37 40 6.0 +1.8
VYM Vanguard High Dividend Yield Index ETF 0.2 6 71 7.0 +2.8
PRXV Praxis Impact Large Cap Value ETF 0.2 36 41 6.5 +2.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 28 3.5 -0.7
DGRO iShares Core Dividend Growth ETF 0.2 8 69 6.5 +2.3
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 57 3.9 -0.3
IVE iShares S&P 500 Value ETF 0.2 18 59 6.0 +1.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 73 6.2 +2.0
VOOV Vanguard S&P 500 Value ETF 0.2 7 70 6.2 +2.0
SCHF Schwab International Equity ETF 0.2 6 71 7.0 +2.8
GLOF iShares Global Equity Factor ETF 0.2 20 57 6.3 +2.1
BKIE BNY Mellon International Equity ETF 0.2 4 73 6.9 +2.7
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 57 4.9 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 0.2 4 73 6.7 +2.5
VEA Vanguard FTSE Developed Markets ETF 0.2 3 74 7.0 +2.8
ILCV iShares Morningstar Value ETF 0.2 4 73 6.3 +2.1
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 62 6.5 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 73 6.8 +2.6
RVRB Reverb ETF 0.2 30 47 4.4 +0.2
VSGX Vanguard ESG International Stock ETF 0.2 10 67 7.4 +3.2
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 12 3.9 -0.3
GSPY Gotham Enhanced 500 ETF 0.2 50 27 5.1 +0.9
EPS WisdomTree U.S. LargeCap Fund 0.2 8 69 5.5 +1.3
KLMN Invesco MSCI North America Climate ETF 0.1 9 68 4.8 +0.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 59 5.2 +1.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 65 4.9 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 67 4.7 +0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.1 70 7 11.3 +7.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 74 6.8 +2.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 17 7.3 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 36 7.0 +2.8
AVIE Avantis  Inflation Focused Equity ETF 0.1 25 52 7.4 +3.2
VFH Vanguard Financials ETF 0.1 9 68 6.5 +2.3
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 5.2 +1.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 42 5.0 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 43 7.4 +3.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 35 5.2 +1.0
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 62 5.2 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 68 5.5 +1.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 62 5.8 +1.6
ROSC Hartford Multifactor Small Cap ETF 0.1 34 43 9.4 +5.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 74 4.8 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 73 7.8 +3.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 74 4.7 +0.5
VTHR Vanguard Russell 3000 ETF 0.1 7 70 4.7 +0.5
VTI Vanguard Total Stock Market ETF 0.1 3 74 4.7 +0.5
IWV iShares Russell 3000 ETF 0.1 20 57 4.6 +0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.5 +0.3
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 68 4.5 +0.3
WRND IQ Global Equity R&D Leaders ETF 0.1 18 59 7.7 +3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 38 6.6 +2.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 59 7.7 +3.5
VFVA Vanguard U.S. Value Factor ETF 0.1 13 64 11.0 +6.8
VT Vanguard Total World Stock ETF 0.1 6 71 5.6 +1.4
TXS Texas Capital Texas Equity Index ETF 0.1 49 28 5.6 +1.4
IYG iShares US Financial Services ETF 0.1 40 37 5.4 +1.2
VXUS Vanguard Total International Stock ETF 0.1 5 72 7.6 +3.4
TOK iShares MSCI Kokusai ETF 0.1 26 51 4.9 +0.7
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 32 10.8 +6.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 16 5.8 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 32 8.5 +4.3
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 70 7.6 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 7.8 +3.6
SCHK Schwab 1000 Index ETF 0.1 5 72 4.8 +0.6
URTH iShares MSCI World ETF 0.1 24 53 4.9 +0.7
IYY iShares Dow Jones U.S. ETF 0.1 20 57 4.6 +0.4
DFIS Dimensional International Small Cap ETF 0.1 39 38 7.2 +3.0
VLUE iShares MSCI USA Value Factor ETF 0.1 15 62 8.8 +4.6
IWB iShares Russell 1000 ETF 0.1 15 62 4.7 +0.5
VONE Vanguard Russell 1000 ETF 0.1 7 70 4.7 +0.5
YOKE Yoke Core ETF 0.1 42 35 4.4 +0.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 67 5.5 +1.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 71 2.8 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 68 4.7 +0.5
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.1 19 58 5.3 +1.1
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 69 4.4 +0.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 74 5.0 +0.8
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 71 4.0 -0.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 66 5.0 +0.8
ACWI iShares MSCI ACWI ETF 0.1 32 45 5.3 +1.1
VEGN US Vegan Climate ETF 0.1 60 17 4.2 +0.0
APIE ActivePassive International Equity ETF 0.1 45 32 7.1 +2.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 52 9.2 +5.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 65 4.9 +0.7
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 59 4.4 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 68 4.6 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 68 4.5 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 48 4.5 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 2 5.3 +1.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 42 6.0 +1.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 37 5.9 +1.7
XHE SPDR S&P Health Care Equipment ETF 0.1 35 42 3.7 -0.5
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 74 4.6 +0.4
IWC iShares Micro-Cap ETF 0.1 60 17 -0.8 -5.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 74 4.8 +0.6
XVV iShares ESG Screened S&P 500 ETF 0.1 8 69 4.6 +0.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 38 9.6 +5.4
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 59 5.0 +0.8
PBUS Invesco MSCI USA ETF 0.1 4 73 4.7 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 57 4.5 +0.3
IVV iShares Core S&P 500 ETF 0.1 3 74 4.8 +0.6
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 75 4.8 +0.6
SPY SPDR S&P 500 ETF Trust 0.1 9 68 4.7 +0.5
VV Vanguard Large-Cap ETF 0.1 4 73 4.7 +0.5
DIVB iShares Core Dividend ETF 0.1 5 72 8.1 +3.9
VOO Vanguard S&P 500 ETF 0.1 3 74 4.8 +0.6
DFUS Dimensional U.S. Equity ETF 0.1 9 68 4.6 +0.4
STRV Strive 500 ETF 0.1 5 72 4.6 +0.4
IWO iShares Russell 2000 Growth ETF 0.1 24 53 1.2 -3.0
VIS Vanguard Industrials ETF 0.1 9 68 4.5 +0.3
DSI iShares MSCI KLD 400 Social ETF 0.1 25 52 4.6 +0.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 67 4.2 -0.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 42 7.2 +3.0
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 67 1.4 -2.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 69 4.4 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 32 4.2 -0.1
MADE iShares U.S. Manufacturing ETF 0.1 40 37 4.9 +0.7
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 35 4.1 -0.1
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -13 3.9 -0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 6.8 +2.6
IYJ iShares U.S. Industrials ETF 0.1 40 37 4.7 +0.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 28 4.4 +0.2
MGV Vanguard Mega Cap Value ETF 0.1 7 70 6.6 +2.4
FBCG Fidelity Blue Chip Growth ETF 0.1 59 18 2.7 -1.5
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 59 6.6 +2.4
AVDS Avantis International Small Cap Equity ETF 0.1 30 47 7.2 +3.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 69 4.8 +0.6
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 54 3.5 -0.7
IQDF FlexShares International Quality Dividend Index Fund 0.1 47 30 8.7 +4.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 42 9.6 +5.4
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.0 5 72 8.0 +3.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 65 4.4 +0.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 69 6.1 +1.9
IHI iShares U.S. Medical Devices ETF 0.0 40 37 4.0 -0.2
SFY SoFi Select 500 ETF 0.0 0 77 4.2 0.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 5.7 +1.5
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -12 4.8 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 57 5.4 +1.2
VIG Vanguard Dividend Appreciation ETF 0.0 5 72 5.5 +1.3
PFM Invesco Dividend Achievers ETF 0.0 53 24 5.2 +1.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 67 4.1 -0.1
EBI Longview Advantage ETF 0.0 35 42 6.4 +2.2
AVDV Avantis International Small Cap Value ETF 0.0 36 41 9.2 +5.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 53 7.4 +3.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 73 3.8 -0.4
MGC Vanguard Mega Cap ETF 0.0 7 70 4.4 +0.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 63 4.7 +0.5
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 52 5.2 +1.0
APUE ActivePassive U.S. Equity ETF 0.0 45 32 4.5 +0.3
ILCG iShares Morningstar Growth ETF 0.0 4 73 3.5 -0.7
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 73 4.0 -0.2
STXG Strive 1000 Growth ETF 0.0 18 59 3.7 -0.5
VGK Vanguard FTSE Europe ETF 0.0 6 71 7.4 +3.2
AVUQ Avantis U.S. Quality ETF 0.0 15 62 4.2 0.0
VFMF Vanguard U.S. Multifactor ETF 0.0 18 59 7.9 +3.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 65 4.4 +0.1
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 49 5.4 +1.2
IWF iShares Russell 1000 Growth ETF 0.0 19 58 4.2 0.0
VONG Vanguard Russell 1000 Growth ETF 0.0 7 70 4.3 +0.1
VHT Vanguard Health Care ETF 0.0 9 68 5.9 +1.7
KOCG FIS Knights of Columbus Global Belief ETF 0.0 75 2 5.3 +1.1
DUSA Davis Select U.S. Equity ETF 0.0 61 16 7.4 +3.2
EQRR ProShares Equities for Rising Rates ETF 0.0 35 42 8.2 +4.0
FDLO Fidelity Low Volatility Factor ETF 0.0 15 62 5.4 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.0 46 31 9.8 +5.6
JEPI JPMorgan Equity Premium Income ETF 0.0 35 42 5.7 +1.5
NETZ TCW Transform Systems ETF 0.0 75 2 2.4 -1.9
REVS Columbia Research Enhanced Value ETF 0.0 19 58 7.5 +3.3
SIXA ETC 6 Meridian Mega Cap Equity ETF 0.0 80 -3 6.8 +2.6
TPHD Timothy Plan High Dividend Stock ETF 0.0 52 25 7.2 +3.0
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.0 54 23 7.1 +2.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.0 52 25 5.7 +1.5
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.0 58 19 5.5 +1.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.0 55 22 5.9 +1.7
JGRO JPMorgan Active Growth ETF 0.0 44 33 3.2 -1.0
BKWO BNY Mellon Women's Opportunities ETF 0.0 50 27 3.7 -0.5
VFLO VictoryShares Free Cash Flow ETF 0.0 39 38 10.4 +6.2
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 59 5.0 +0.8
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 59 4.5 +0.3
JGLO JPMorgan Global Select Equity ETF 0.0 33 44 4.9 +0.7
CGDG Capital Group Dividend Growers ETF 0.0 47 30 6.1 +1.9
ASLV Allspring Special Large Value ETF 0.0 35 42 6.4 +2.2
DIVG Invesco S&P 500 High Dividend Growers ETF 0.0 39 38 8.5 +4.3
EQWL Invesco S&P 100 Equal Weight ETF 0.0 25 52 6.1 +1.9
PXI Invesco Dorsey Wright Energy Momentum ETF 0.0 60 17 6.9 +2.7
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0 40 37 11.1 +6.9
SPMV Invesco S&P 500 Minimum Variance ETF 0.0 10 67 5.3 +1.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.0 39 38 10.0 +5.8
RFFC ALPS Active Equity Opportunity ETF 0.0 48 29 4.2 +0.0
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 6.2 +2.0
FCG First Trust Natural Gas ETF 0.0 60 17 21.7 +17.5
FTDS First Trust Dividend Strength ETF 0.0 70 7 7.9 +3.7
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 0.0 60 17 9.2 +5.0
FTXN First Trust Nasdaq Oil & Gas ETF 0.0 60 17 13.2 +9.0
FXN First Trust Energy AlphaDEX Fund 0.0 62 15 14.6 +10.4
HAP VanEck Natural Resources ETF 0.0 50 27 9.1 +4.9
KRMA Global X Conscious Companies ETF 0.0 43 34 5.6 +1.4
SCHD Schwab US Dividend Equity ETF 0.0 6 71 10.0 +5.8
FILL iShares MSCI Global Energy Producers ETF 0.0 39 38 11.6 +7.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0 40 37 13.3 +9.1
IGE iShares North American Natural Resources ETF 0.0 41 36 7.6 +3.4
IWL iShares Russell Top 200 ETF 0.0 15 62 4.4 +0.2
IWX iShares Russell Top 200 Value ETF 0.0 20 57 6.1 +1.9
IXC iShares Global Energy ETF 0.0 44 33 10.2 +6.0
IYE iShares U.S. Energy ETF 0.0 40 37 9.1 +4.9
OEF iShares S&P 100 ETF 0.0 20 57 4.3 +0.1
DGT SPDR Global Dow ETF 0.0 50 27 6.7 +2.5
GNR SPDR S&P Global Natural Resources ETF 0.0 40 37 10.8 +6.6
NANR SPDR S&P North American Natural Resources ETF 0.0 35 42 7.7 +3.5
XLE Energy Select Sector SPDR Fund 0.0 8 69 9.3 +5.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0 35 42 15.6 +11.4
COWZ Pacer US Cash Cows 100 ETF 0.0 49 28 9.5 +5.3
FUNL CornerCap Fundametrics Large-Cap ETF 0.0 50 27 7.2 +3.0
GCOW Pacer Global Cash Cows Dividend ETF 0.0 60 17 10.9 +6.7
HLAL Wahed FTSE USA Shariah ETF 0.0 50 27 4.4 +0.2
MAGA Point Bridge America First ETF 0.0 72 5 5.9 +1.7
DRLL Strive U.S. Energy ETF 0.0 41 36 10.3 +6.1
PRAY FIS Christian Stock Fund 0.0 69 8 5.1 +0.9
ECML Euclidean Fundamental Value ETF 0.0 95 -18 11.5 +7.3
NVIR Horizon Kinetics Energy and Remediation ETF 0.0 85 -8 6.7 +2.5
DIVL Madison Dividend Value ETF 0.0 65 12 6.0 +1.8
FTWO Strive FAANG 2.0 ETF 0.0 49 28 4.1 -0.1
SMRI Bushido Capital US Equity ETF 0.0 71 6 9.5 +5.3
GINX SGI Enhanced Global Income ETF 0.0 98 -21 7.0 +2.8
LGCF Themes US Cash Flow Champions ETF 0.0 30 47 8.3 +4.1
VDE Vanguard Energy ETF 0.0 9 68 9.1 +4.9

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:		 AltShares Merger Arbitrage ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.91 CATEGORY
AVERAGE		 1.59
 
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.