AltShares Merger Arbitrage ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.4x P/Sales
ratio		 1.8x
P/BV
ratio		 2.0x 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) $88
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 August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 6.0% 4.2% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.05 5%
MSCI EAFE 0.04 3%
MSCI Emg. Mkts. -0.04 3%

Technical Indicators
Recent close $28.99
30d moving avg. $28.88
Annualized volatility 3.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $5,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 595 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
(%)
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 6.7 75 2 5.3 +1.2
RSPC Invesco S&P 500 Equal Weight Communication Services ETF 6.7 40 37 5.3 +1.1
IYZ iShares U.S. Telecommunications ETF 5.5 40 37 5.9 +1.8
HAPY Harbor Human Capital Factor Unconstrained ETF 4.5 50 27 5.6 +1.4
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
XTL SPDR S&P Telecom ETF 3.4 35 42 2.1 -2.1
AUSF Global X Adaptive U.S. Factor ETF 3.3 27 50 8.8 +4.6
NUMV Nuveen ESG Mid-Cap Value ETF 3.2 31 46 7.0 +2.8
XMLV Invesco S&P MidCap Low Volatility ETF 3.1 25 52 7.6 +3.4
BOUT Innovator IBD Breakout Opportunities ETF 3.0 81 -4 2.7 -1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.7 24 53 8.1 +3.9
KRE SPDR S&P Regional Banking ETF 2.7 35 42 9.7 +5.5
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.7 40 37 7.2 +3.0
KROP Global X AgTech & Food Innovation ETF 2.7 50 27 1.9 -2.2
IVES Wedbush ETFMG Global Cloud Technology ETF 2.6 68 9 6.7 +2.5
XLC Communication Services Select Sector SPDR Fund 2.6 8 69 4.8 +0.6
YALL God Bless America ETF 2.6 65 12 3.6 -0.6
INCE Franklin Income Equity Focus ETF 2.5 29 48 5.6 +1.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.4 20 57 6.3 +2.1
SHRY First Trust Bloomberg Shareholder Yield ETF 2.4 60 17 8.1 +3.9
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.4 60 17 5.4 +1.2
PSC Principal U.S. Small-Cap ETF 2.4 38 39 6.8 +2.6
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 6.0 +1.8
CNRG SPDR S&P Kensho Clean Power ETF 2.2 45 32 0.9 -3.2
FCOM Fidelity MSCI Communication Services Index ETF 2.2 8 69 4.3 +0.1
FEGE First Eagle Global Equity ETF 2.2 79 -2 6.8 +2.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 59 7.7 +3.5
TOGA Tremblant Global ETF 2.1 69 8 1.8 -2.4
KBE SPDR S&P Bank ETF 2.0 35 42 9.2 +5.0
AIEQ AI Powered Equity ETF 2.0 75 2 3.7 -0.5
SURE AdvisorShares Insiders Advantage ETF 2.0 90 -13 9.5 +5.4
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 1.9 40 37 5.4 +1.2
SIXL ETC 6 Meridian Low Beta Equity ETF 1.9 80 -3 6.2 +2.0
QVAL Alpha Architect US Quantitative Value ETF 1.9 39 38 9.6 +5.5
FEOE First Eagle Overseas Equity ETF 1.9 79 -2 7.8 +3.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 37 7.2 +3.0
KBWR Invesco KBW Regional Banking ETF 1.9 35 42 9.5 +5.3
SMCF Themes US Small Cap Cash Flow Champions ETF 1.9 29 48 12.1 +7.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.9 35 42 4.2 +0.0
JHSC John Hancock Multifactor Small Cap ETF 1.9 42 35 6.6 +2.5
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
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 48 6.3 +2.1
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 12 6.4 +2.2
VOX Vanguard Communication Services ETF 1.8 9 68 4.4 +0.2
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 7.5 +3.3
AVUV Avantis U.S. Small Cap Value ETF 1.6 25 52 9.7 +5.5
NUDV Nuveen ESG Dividend ETF 1.6 26 51 7.6 +3.5
IAT iShares U.S. Regional Banks ETF 1.6 40 37 9.1 +5.0
USMF WisdomTree U.S. Multifactor Fund 1.6 28 49 7.0 +2.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 62 7.9 +3.7
TMAT Main Thematic Innovation ETF 1.6 164 -87 -1.5 -5.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 28 11.2 +7.0
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 2.8 -1.4
BBCA JPMorgan BetaBuilders Canada ETF 1.4 19 58 6.2 +2.0
FLCA Franklin FTSE Canada ETF 1.4 9 68 6.3 +2.2
EWC iShares MSCI Canada ETF 1.4 50 27 6.0 +1.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.4 27 50 7.0 +2.9
FLDZ RiverNorth Patriot ETF 1.4 75 2 6.1 +1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 73 6.1 +1.9
XLP Consumer Staples Select Sector SPDR Fund 1.4 8 69 6.1 +1.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 17 7.6 +3.4
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 57 6.8 +2.6
FSMD Fidelity Small-Mid Multifactor ETF 1.3 15 62 7.0 +2.9
QDIV Global X S&P 500 Quality Dividend ETF 1.2 20 57 8.8 +4.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 2 3.0 -1.2
ISMD Inspire Small/Mid Cap ETF 1.2 54 23 5.5 +1.4
IQM Franklin Intelligent Machines ETF 1.2 50 27 2.0 -2.2
PY Principal Value ETF 1.2 15 62 7.2 +3.0
AVSC Avantis U.S Small Cap Equity ETF 1.2 25 52 5.5 +1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.2 60 17 4.6 +0.4
DFAT Dimensional U.S. Targeted Value ETF 1.2 28 49 9.2 +5.1
VTWV Vanguard Russell 2000 Value ETF 1.1 10 67 7.3 +3.1
IWN iShares Russell 2000 Value ETF 1.1 24 53 7.3 +3.1
DRUP GraniteShares Nasdaq Select Disruptors ETF 1.1 60 17 3.9 -0.3
DFIV Dimensional International Value ETF 1.1 27 50 9.5 +5.3
BFOR ALPS Barron's 400 ETF 1.1 65 12 6.0 +1.8
TTAC FCF US Quality ETF 1.1 59 18 6.3 +2.2
USCF Themes US Cash Flow Champions ETF 1.1 29 48 8.6 +4.4
IJJ iShares S&P Mid-Cap 400 Value ETF 1.1 18 59 8.7 +4.6
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 38 9.6 +5.4
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 17 9.4 +5.2
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 +0.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.1 10 67 8.9 +4.7
MDYV SPDR S&P 400 Mid Cap Value ETF 1.1 15 62 8.7 +4.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.1 30 47 8.3 +4.1
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.1 43 34 6.1 +1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 57 5.5 +1.4
IYK iShares U.S. Consumer Staples ETF 1.0 40 37 6.5 +2.3
TAX Cambria Tax Aware ETF 1.0 49 28 5.0 +0.8
ISCV iShares Morningstar Small Cap Value ETF 1.0 6 71 9.3 +5.1
FDMO Fidelity Momentum Factor ETF 1.0 15 62 3.6 -0.6
EZM WisdomTree U.S. MidCap Fund 0.9 38 39 9.1 +4.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 73 5.9 +1.7
FMAT Fidelity MSCI Materials Index ETF 0.9 8 69 6.1 +2.0
PSCF Invesco S&P SmallCap Financials ETF 0.9 29 48 9.2 +5.0
FLRG Fidelity U.S. Multifactor ETF 0.9 15 62 6.9 +2.7
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 28 6.6 +2.4
BIBL Inspire 100 ETF 0.9 35 42 5.1 +0.9
NIXT Research Affiliates Deletions ETF 0.9 9 68 8.6 +4.5
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 37 7.5 +3.3
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 60 7.1 +2.9
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 67 6.3 +2.1
VAMO Cambria Value & Momentum ETF 0.9 61 16 5.8 +1.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 57 4.4 +0.2
SUSA iShares MSCI USA ESG Select ETF 0.9 25 52 4.7 +0.5
FVD First Trust Value Line Dividend Index Fund 0.9 65 12 6.3 +2.1
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 8.9 +4.7
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 25 6.8 +2.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 38 5.8 +1.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.8 24 53 7.7 +3.5
VDC Vanguard Consumer Staples ETF 0.8 9 68 5.8 +1.6
NUSC Nuveen ESG Small-Cap ETF 0.8 31 46 5.3 +1.1
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
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.8 8 69 5.8 +1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.8 37 40 6.0 +1.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 16 7.9 +3.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 68 6.1 +1.9
IMCV iShares Morningstar Mid-Cap Value ETF 0.8 6 71 8.1 +3.9
SVAL iShares US Small Cap Value Factor ETF 0.8 20 57 10.3 +6.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 52 5.6 +1.4
FNCL Fidelity MSCI Financials Index ETF 0.8 8 69 6.3 +2.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.8 18 59 5.9 +1.7
GOP Unusual Whales Subversive Republican Trading ETF 0.8 50 27 5.5 +1.3
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 55 5.6 +1.4
FMET Fidelity Metaverse ETF 0.8 39 38 4.5 +0.4
XMMO Invesco S&P MidCap Momentum ETF 0.8 34 43 5.5 +1.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 41 10.6 +6.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.7 32 45 6.0 +1.8
SCHA Schwab U.S. Small-Cap ETF 0.7 4 73 5.8 +1.7
FTXO First Trust Nasdaq Bank ETF 0.7 60 17 8.3 +4.2
IFRA iShares U.S. Infrastructure ETF 0.7 30 47 6.6 +2.4
FVAL Fidelity Value Factor ETF 0.7 15 62 6.8 +2.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 25 3.6 -0.6
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 62 5.9 +1.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.7 15 62 7.3 +3.1
GVLU Gotham 1000 Value ETF 0.7 50 27 8.9 +4.7
DFSV Dimensional US Small Cap Value ETF 0.7 31 46 10.0 +5.8
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -3 11.7 +7.5
OALC OneAscent Large Cap Core ETF 0.7 86 -9 4.0 -0.1
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 4.7 +0.5
MDY SPDR S&P Midcap 400 ETF Trust 0.7 24 53 7.1 +3.0
IJH iShares Core S&P Mid-Cap ETF 0.7 5 72 7.3 +3.2
KNCT Invesco Next Gen Connectivity ETF 0.7 40 37 4.7 +0.5
JHML John Hancock Multifactor Large Cap ETF 0.7 29 48 5.3 +1.1
AVSU Avantis Responsible U.S. Equity ETF 0.7 15 62 5.9 +1.7
IWS iShares Russell Mid-Cap Value ETF 0.7 23 54 6.8 +2.6
ITAN Sparkline Intangible Value ETF 0.7 50 27 6.5 +2.3
IVOO Vanguard S&P Mid-Cap 400 ETF 0.7 7 70 7.4 +3.2
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.7 3 74 7.3 +3.2
VBR Vanguard Small Cap Value ETF 0.7 7 70 9.1 +4.9
STXM Strive Mid-Cap ETF 0.7 18 59 6.1 +2.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.7 58 19 4.2 +0.0
NULV Nuveen ESG Large-Cap Value ETF 0.7 26 51 6.3 +2.2
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 17 3.7 -0.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.6 18 59 6.9 +2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 30 5.8 +1.6
EQWL Invesco S&P 100 Equal Weight ETF 0.6 25 52 6.2 +2.0
ROE Astoria US Quality Kings ETF 0.6 49 28 6.5 +2.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.6 12 65 7.1 +2.9
DFAS Dimensional U.S. Small Cap ETF 0.6 26 51 6.4 +2.2
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 38 7.5 +3.4
RSSL Global X Russell 2000 ETF 0.6 8 69 4.3 +0.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.6 47 30 8.9 +4.7
IWM iShares Russell 2000 ETF 0.6 19 58 4.3 +0.1
CGGR Capital Group Growth ETF 0.6 39 38 3.1 -1.1
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 62 7.7 +3.6
VTWO Vanguard Russell 2000 ETF 0.6 7 70 4.3 +0.1
STXK Strive Small-Cap ETF 0.6 18 59 5.8 +1.7
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 8.5 +4.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.6 25 52 8.2 +4.0
DXIV Dimensional International Vector Equity ETF 0.6 34 43 7.7 +3.6
KXI iShares Global Consumer Staples ETF 0.6 41 36 5.6 +1.4
WCEO Hypatia Women CEO ETF 0.6 85 -8 3.8 -0.4
FTEC Fidelity MSCI Information Technology Index ETF 0.6 8 69 3.9 -0.3
HKND Humankind US Stock ETF 0.6 11 66 7.1 +2.9
VB Vanguard Small-Cap ETF 0.5 5 72 6.1 +1.9
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 59 9.7 +5.5
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 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 67 4.9 +0.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 60 5.7 +1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 38 5.3 +1.1
ZAP Global X U.S. Electrification ETF 0.5 50 27 4.1 -0.1
DFIC Dimensional International Core Equity 2 ETF 0.5 23 54 7.3 +3.2
DURA VanEck Durable High Dividend ETF 0.5 29 48 8.6 +4.4
IWR iShares Russell Midcap ETF 0.5 19 58 5.8 +1.6
ISCB iShares Morningstar Small-Cap ETF 0.5 4 73 6.2 +2.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 42 7.7 +3.6
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 52 6.3 +2.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 67 9.7 +5.5
RCGE RockCreek Global Equality ETF 0.5 95 -18 6.6 +2.5
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 62 9.7 +5.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 57 6.2 +2.0
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 57 4.5 +0.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 57 6.5 +2.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 59 6.5 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 57 6.4 +2.2
TPIF Timothy Plan International ETF 0.5 62 15 6.2 +2.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 57 7.0 +2.8
SFYX SoFi Next 500 ETF 0.5 0 77 5.7 +1.5
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 52 5.3 +1.1
PTL Inspire 500 ETF 0.5 9 68 5.2 +1.0
AVUS Avantis U.S. Equity ETF 0.5 15 62 5.7 +1.5
IXP iShares Global Comm Services ETF 0.5 42 35 5.3 +1.1
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 54 5.7 +1.6
VXF Vanguard Extended Market ETF 0.5 5 72 4.6 +0.4
DFAI Dimensional International Core Equity Market ETF 0.5 18 59 7.1 +2.9
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 73 6.1 +1.9
DIHP Dimensional International High Profitability ETF 0.4 29 48 7.1 +2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 17 7.5 +3.3
SDY SPDR S&P Dividend ETF 0.4 35 42 6.7 +2.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.4 39 38 9.3 +5.2
VOE Vanguard Mid-Cap Value ETF 0.4 7 70 7.6 +3.4
FESM Fidelity Enhanced Small Cap ETF 0.4 28 49 7.2 +3.0
AVSD Avantis Responsible International Equity ETF 0.4 23 54 5.6 +1.4
JAVA JPMorgan Active Value ETF 0.4 44 33 6.4 +2.2
SPVU Invesco S&P 500 Enhanced Value ETF 0.4 13 64 10.0 +5.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 68 4.8 +0.6
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 5.0 +0.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 62 4.6 +0.4
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 53 6.3 +2.1
VBK Vanguard Small-Cap Growth ETF 0.4 7 70 1.9 -2.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 62 8.9 +4.7
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 42 4.6 +0.4
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 57 8.7 +4.5
STXV Strive 1000 Value ETF 0.4 18 59 8.0 +3.8
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 4.9 +0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 42 10.0 +5.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 30 8.2 +4.0
CCMG CCM Global Equity ETF 0.4 34 43 8.3 +4.2
EES WisdomTree U.S. SmallCap Fund 0.4 38 39 8.7 +4.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 56 3.6 -0.5
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 35 4.5 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 68 6.1 +2.0
HDV iShares Core High Dividend ETF 0.4 8 69 7.3 +3.1
EQIN Columbia US Equity Income ETF 0.4 35 42 6.8 +2.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 65 4.5 +0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 18 7.5 +3.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.4 12 65 8.0 +3.8
DFUV Dimensional US Marketwide Value ETF 0.4 22 55 7.5 +3.3
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 42 4.7 +0.5
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 73 6.6 +2.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.4 32 45 4.9 +0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 47 7.7 +3.5
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 65 7.4 +3.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 57 2.4 -1.8
CIL VictoryShares International Volatility Wtd ETF 0.3 45 32 6.6 +2.4
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 4.2 0.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 60 5.5 +1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 60 5.9 +1.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 66 4.8 +0.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 17 3.9 -0.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 52 7.1 +3.0
DUHP Dimensional US High Profitability ETF 0.3 21 56 6.3 +2.1
DEW WisdomTree Global High Dividend Fund 0.3 58 19 8.3 +4.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 70 5.0 +0.8
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 52 5.3 +1.1
AVDE Avantis International Equity ETF 0.3 23 54 7.3 +3.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 67 5.1 +0.9
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 28 5.5 +1.3
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 57 6.6 +2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 10 67 6.0 +1.9
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 38 6.7 +2.5
CZAR Themes Natural Monopoly ETF 0.3 35 42 5.7 +1.5
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 62 5.7 +1.5
IXG iShares Global Financials ETF 0.3 42 35 6.5 +2.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 62 5.9 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 4.0 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 48 7.0 +2.8
VALQ American Century U.S. Quality Value ETF 0.3 29 48 7.7 +3.5
SNSR Global X Internet of Things ETF 0.3 68 9 4.5 +0.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 52 7.1 +2.9
SMMD iShares Russell 2500 ETF 0.3 15 62 6.1 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 57 9.6 +5.4
HDUS Hartford Disciplined US Equity ETF 0.3 19 58 5.6 +1.4
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 69 5.3 +1.1
MISL First Trust Indxx Aerospace & Defense ETF 0.3 60 17 2.1 -2.1
PPA Invesco Aerospace & Defense ETF 0.3 58 19 2.5 -1.7
ITA iShares U.S. Aerospace & Defense ETF 0.3 40 37 2.0 -2.2
XAR SPDR S&P Aerospace & Defense ETF 0.3 35 42 2.0 -2.2
TRFM AAM Transformers ETF 0.3 49 28 1.3 -2.9
DXUV Dimensional US Vector Equity ETF 0.3 28 49 6.2 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 75 4.9 +0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 68 5.2 +1.0
SIZE iShares MSCI USA Size Factor ETF 0.3 15 62 6.1 +1.9
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 65 7.4 +3.2
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 62 4.7 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 47 5.9 +1.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 62 7.8 +3.6
VYMI Vanguard International High Dividend Yield ETF 0.3 17 60 9.4 +5.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 68 5.6 +1.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 52 7.8 +3.7
BLES Inspire Global Hope ETF 0.3 61 16 6.8 +2.6
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 64 2.9 -1.3
IJR iShares Core S&P Small Cap ETF 0.3 6 71 7.6 +3.5
DFVX Dimensional US Large Cap Vector ETF 0.3 22 55 6.2 +2.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 77 4.8 +0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 70 4.7 +0.6
VOTE TCW Transform 500 ETF 0.3 5 72 4.8 +0.6
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 39 9.3 +5.1
RWL Invesco S&P 500 Revenue ETF 0.3 39 38 6.8 +2.6
VPU Vanguard Utilities ETF 0.3 9 68 5.3 +1.1
STXI Strive International Developed Markets ETF 0.3 29 48 6.6 +2.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 7 70 7.6 +3.4
SPHQ Invesco S&P 500 Quality ETF 0.2 15 62 5.5 +1.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 74 7.6 +3.5
EIPI FT Energy Income Partners Enhanced Income ETF 0.2 110 -33 6.4 +2.2
VO Vanguard Mid-Cap ETF 0.2 4 73 5.7 +1.6
EMLP First Trust North American Energy Infrastructure Fund 0.2 95 -18 5.3 +1.1
MTUM iShares MSCI USA Momentum Factor ETF 0.2 15 62 3.4 -0.8
EIPX FT Energy Income Partners Strategy ETF 0.2 95 -18 7.5 +3.3
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 5.3 +1.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.2 39 38 11.4 +7.3
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 6.3 +2.1
HLGE Hartford Longevity Economy ETF 0.2 44 33 -0.4 -4.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 65 5.9 +1.8
IUSV iShares Core S&P US Value ETF 0.2 4 73 6.4 +2.3
NULG Nuveen ESG Large-Cap Growth ETF 0.2 26 51 3.3 -0.8
DFLV Dimensional US Large Cap Value ETF 0.2 22 55 7.7 +3.5
DCOR Dimensional US Core Equity 1 ETF 0.2 14 63 5.3 +1.1
IUS Invesco RAFI Strategic US ETF 0.2 19 58 6.8 +2.6
VONV Vanguard Russell 1000 Value ETF 0.2 7 70 6.5 +2.3
IWD iShares Russell 1000 Value ETF 0.2 19 58 6.4 +2.2
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 65 8.0 +3.8
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 18 8.9 +4.8
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
NATO Themes Transatlantic Defense ETF 0.2 35 42 2.4 -1.8
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 28 3.7 -0.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 47 7.5 +3.3
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 67 4.6 +0.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 57 7.7 +3.5
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 67 5.1 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 65 5.8 +1.7
QQQ Invesco QQQ Trust Series I 0.2 20 57 4.0 -0.2
QQQM Invesco NASDAQ 100 ETF 0.2 15 62 4.1 -0.1
VTV Vanguard Value ETF 0.2 4 73 6.8 +2.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 68 7.9 +3.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 41 4.8 +0.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.2 38 39 6.3 +2.1
FENY Fidelity MSCI Energy Index ETF 0.2 8 69 9.0 +4.8
QDF FlexShares Quality Dividend Index Fund 0.2 37 40 6.1 +2.0
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 57 5.0 +0.9
RVRB Reverb ETF 0.2 30 47 4.5 +0.3
VYM Vanguard High Dividend Yield Index ETF 0.2 6 71 7.0 +2.8
IVE iShares S&P 500 Value ETF 0.2 18 59 6.2 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 73 6.3 +2.1
VOOV Vanguard S&P 500 Value ETF 0.2 7 70 6.3 +2.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 62 5.8 +1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 10 9.9 +5.7
PRXV Praxis Impact Large Cap Value ETF 0.2 36 41 6.5 +2.3
SCHF Schwab International Equity ETF 0.2 6 71 7.2 +3.0
ILCV iShares Morningstar Value ETF 0.2 4 73 6.4 +2.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 73 6.9 +2.7
BKIE BNY Mellon International Equity ETF 0.2 4 73 7.0 +2.8
DFAU Dimensional US Core Equity Market ETF 0.2 12 65 5.0 +0.8
GSPY Gotham Enhanced 500 ETF 0.2 50 27 5.2 +1.0
VEA Vanguard FTSE Developed Markets ETF 0.2 3 74 7.1 +2.9
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 12 4.1 -0.1
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 57 4.1 -0.1
DGRO iShares Core Dividend Growth ETF 0.2 8 69 6.5 +2.3
VSGX Vanguard ESG International Stock ETF 0.2 10 67 7.5 +3.3
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 62 6.7 +2.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.2 70 7 11.0 +6.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 74 6.9 +2.7
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 67 4.9 +0.8
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 59 5.3 +1.1
EPS WisdomTree U.S. LargeCap Fund 0.2 8 69 5.6 +1.4
KLMN Invesco MSCI North America Climate ETF 0.2 9 68 4.9 +0.7
VFH Vanguard Financials ETF 0.1 9 68 6.3 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 36 7.4 +3.2
AVIE Avantis  Inflation Focused Equity ETF 0.1 25 52 7.3 +3.1
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 0.1 48 29 8.2 +4.0
MGV Vanguard Mega Cap Value ETF 0.1 7 70 6.6 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 43 7.6 +3.4
VTI Vanguard Total Stock Market ETF 0.1 3 74 4.8 +0.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 42 5.1 +0.9
IWV iShares Russell 3000 ETF 0.1 20 57 4.7 +0.5
SCHB Schwab U.S. Broad Market ETF 0.1 3 74 4.9 +0.8
VTHR Vanguard Russell 3000 ETF 0.1 7 70 4.8 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 35 5.4 +1.2
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 62 5.3 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 68 5.5 +1.3
ROSC Hartford Multifactor Small Cap ETF 0.1 34 43 9.2 +5.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 74 4.8 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 32 8.7 +4.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 68 4.6 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 73 8.0 +3.8
IYG iShares US Financial Services ETF 0.1 40 37 5.2 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 65 4.5 +0.3
VT Vanguard Total World Stock ETF 0.1 6 71 5.8 +1.6
VXUS Vanguard Total International Stock ETF 0.1 5 72 7.7 +3.6
IYY iShares Dow Jones U.S. ETF 0.1 20 57 4.7 +0.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 16 5.9 +1.7
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 4 10.5 +6.4
TOK iShares MSCI Kokusai ETF 0.1 26 51 5.0 +0.8
WRND IQ Global Equity R&D Leaders ETF 0.1 18 59 8.0 +3.9
VLUE iShares MSCI USA Value Factor ETF 0.1 15 62 9.4 +5.3
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 7.8 +3.7
VFVA Vanguard U.S. Value Factor ETF 0.1 13 64 10.8 +6.7
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 70 7.8 +3.6
TXS Texas Capital Texas Equity Index ETF 0.1 49 28 5.6 +1.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.5 +0.3
SCHK Schwab 1000 Index ETF 0.1 5 72 4.9 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 73 3.9 -0.2
APIE ActivePassive International Equity ETF 0.1 45 32 7.3 +3.2
URTH iShares MSCI World ETF 0.1 24 53 5.0 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 7.8 +3.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 74 5.1 +0.9
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.1 19 58 5.3 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 18 5.8 +1.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 71 2.9 -1.3
IWB iShares Russell 1000 ETF 0.1 15 62 4.8 +0.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 71 4.0 -0.2
VONE Vanguard Russell 1000 ETF 0.1 7 70 4.9 +0.7
VEGN US Vegan Climate ETF 0.1 60 17 4.4 +0.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 35 7.2 +3.0
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 67 5.6 +1.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 66 5.1 +0.9
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 32 10.5 +6.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 48 4.6 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 68 4.8 +0.7
IYF iShares U.S. Financials ETF 0.1 40 37 5.8 +1.6
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 69 4.5 +0.3
ACWI iShares MSCI ACWI ETF 0.1 32 45 5.5 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 65 5.1 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 52 9.5 +5.3
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 74 4.8 +0.6
SCHX Schwab U.S. Large-Cap ETF 0.1 3 74 4.9 +0.7
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 5.4 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 68 4.7 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 68 4.6 +0.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 69 4.7 +0.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 42 5.9 +1.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 37 5.9 +1.7
IWC iShares Micro-Cap ETF 0.1 60 17 -0.8 -5.0
XHE SPDR S&P Health Care Equipment ETF 0.1 35 42 3.7 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 2 5.4 +1.2
DFUS Dimensional U.S. Equity ETF 0.1 9 68 4.7 +0.6
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 59 4.6 +0.4
IWO iShares Russell 2000 Growth ETF 0.1 24 53 1.3 -2.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 57 4.6 +0.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 67 1.4 -2.8
IVV iShares Core S&P 500 ETF 0.1 3 74 4.9 +0.7
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 75 4.9 +0.7
SPY SPDR S&P 500 ETF Trust 0.1 9 68 4.8 +0.7
VOO Vanguard S&P 500 ETF 0.1 3 74 4.9 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 73 6.7 +2.5
VV Vanguard Large-Cap ETF 0.1 4 73 4.8 +0.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 67 4.3 +0.1
DIVB iShares Core Dividend ETF 0.1 5 72 8.1 +3.9
PBUS Invesco MSCI USA ETF 0.1 4 73 4.8 +0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 17 7.3 +3.1
STRV Strive 500 ETF 0.1 5 72 4.8 +0.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 38 9.5 +5.3
VIS Vanguard Industrials ETF 0.1 9 68 4.6 +0.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 52 4.8 +0.6
EBI Longview Advantage ETF 0.1 35 42 6.5 +2.3
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 42 7.2 +3.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 69 4.3 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 32 4.4 +0.2
DFIS Dimensional International Small Cap ETF 0.1 39 38 7.2 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 6.7 +2.5
MADE iShares U.S. Manufacturing ETF 0.1 40 37 5.2 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 28 4.7 +0.5
OEF iShares S&P 100 ETF 0.1 20 57 4.4 +0.3
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 54 3.4 -0.8
IYJ iShares U.S. Industrials ETF 0.1 40 37 4.7 +0.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 18 2.8 -1.4
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 59 6.7 +2.5
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 4.9 +0.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 66 6.5 +2.3
GLOF iShares Global Equity Factor ETF 0.1 20 57 6.4 +2.2
IHI iShares U.S. Medical Devices ETF 0.1 40 37 4.1 -0.1
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 59 5.1 +0.9
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 72 7.9 +3.8
MGC Vanguard Mega Cap ETF 0.1 7 70 4.6 +0.4
IQDF FlexShares International Quality Dividend Index Fund 0.1 47 30 8.8 +4.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 42 9.4 +5.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 37 6.8 +2.6
SFY SoFi Select 500 ETF 0.0 0 77 4.4 +0.2
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 35 4.2 +0.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 69 6.0 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 57 5.6 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -12 4.8 +0.6
VIG Vanguard Dividend Appreciation ETF 0.0 5 72 5.5 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 5.6 +1.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 67 4.3 +0.1
PFM Invesco Dividend Achievers ETF 0.0 53 24 5.2 +1.0
AVDV Avantis International Small Cap Value ETF 0.0 36 41 9.3 +5.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 53 7.3 +3.2
GWX SPDR S&P International Small Cap ETF 0.0 40 37 5.9 +1.7
APUE ActivePassive U.S. Equity ETF 0.0 45 32 4.6 +0.4
ILCG iShares Morningstar Growth ETF 0.0 4 73 3.6 -0.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 63 4.8 +0.6
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 52 5.3 +1.1
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 73 4.1 -0.1
STXG Strive 1000 Growth ETF 0.0 18 59 3.8 -0.4
IEUR iShares Core MSCI Europe ETF 0.0 11 66 7.4 +3.2
SPEU SPDR Portfolio Europe ETF 0.0 7 70 7.4 +3.2
VGK Vanguard FTSE Europe ETF 0.0 6 71 7.5 +3.3
AVUQ Avantis U.S. Quality ETF 0.0 15 62 4.3 +0.2
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 +0.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 49 5.4 +1.2
VHT Vanguard Health Care ETF 0.0 9 68 6.2 +2.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 70 7.0 +2.8
IWF iShares Russell 1000 Growth ETF 0.0 19 58 4.3 +0.2
VONG Vanguard Russell 1000 Growth ETF 0.0 7 70 4.4 +0.2
KOCG FIS Knights of Columbus Global Belief ETF 0.0 75 2 5.2 +1.0
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.0 25 52 11.0 +6.8
KRMA Global X Conscious Companies ETF 0.0 43 34 5.8 +1.6
DUSA Davis Select U.S. Equity ETF 0.0 61 16 7.3 +3.1
EQRR ProShares Equities for Rising Rates ETF 0.0 35 42 8.1 +3.9
FDLO Fidelity Low Volatility Factor ETF 0.0 15 62 5.3 +1.1
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 -1.8
REVS Columbia Research Enhanced Value ETF 0.0 19 58 7.6 +3.4
SIXA ETC 6 Meridian Mega Cap Equity ETF 0.0 80 -3 6.7 +2.5
TPHD Timothy Plan High Dividend Stock ETF 0.0 52 25 7.1 +2.9
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 5.6 +1.4
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 5.8 +1.6
JGRO JPMorgan Active Growth ETF 0.0 44 33 3.3 -0.8
BKWO BNY Mellon Women's Opportunities ETF 0.0 50 27 3.6 -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 5.1 +0.9
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 59 4.6 +0.4
JGLO JPMorgan Global Select Equity ETF 0.0 33 44 5.0 +0.8
CGDG Capital Group Dividend Growers ETF 0.0 47 30 6.2 +2.0
ASLV Allspring Special Large Value ETF 0.0 35 42 6.4 +2.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.0 39 38 10.7 +6.5
RFFC ALPS Active Equity Opportunity ETF 0.0 48 29 4.4 +0.2
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 6.3 +2.1
FCG First Trust Natural Gas ETF 0.0 60 17 20.0 +15.8
FTDS First Trust Dividend Strength ETF 0.0 70 7 7.7 +3.5
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 12.4 +8.2
FXN First Trust Energy AlphaDEX Fund 0.0 62 15 13.9 +9.7
HAP VanEck Natural Resources ETF 0.0 50 27 9.3 +5.1
DIVG Invesco S&P 500 High Dividend Growers ETF 0.0 39 38 8.4 +4.3
PXI Invesco Dorsey Wright Energy Momentum ETF 0.0 60 17 7.0 +2.8
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0 40 37 10.7 +6.5
SCHD Schwab US Dividend Equity ETF 0.0 6 71 9.8 +5.6
FILL iShares MSCI Global Energy Producers ETF 0.0 39 38 11.5 +7.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0 40 37 12.6 +8.4
IGE iShares North American Natural Resources ETF 0.0 41 36 7.4 +3.2
IWL iShares Russell Top 200 ETF 0.0 15 62 4.6 +0.4
IWX iShares Russell Top 200 Value ETF 0.0 20 57 6.2 +2.0
IXC iShares Global Energy ETF 0.0 44 33 10.1 +5.9
IYE iShares U.S. Energy ETF 0.0 40 37 8.9 +4.7
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -13 4.0 -0.2
DGT SPDR Global Dow ETF 0.0 50 27 6.9 +2.7
GNR SPDR S&P Global Natural Resources ETF 0.0 40 37 10.9 +6.7
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 9.0 +4.8
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0 35 42 14.6 +10.4
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 11.0 +6.8
HLAL Wahed FTSE USA Shariah ETF 0.0 50 27 4.6 +0.4
MAGA Point Bridge America First ETF 0.0 72 5 5.8 +1.6
DRLL Strive U.S. Energy ETF 0.0 41 36 9.9 +5.7
PRAY FIS Christian Stock Fund 0.0 69 8 5.2 +1.0
ECML Euclidean Fundamental Value ETF 0.0 95 -18 11.2 +7.0
NVIR Horizon Kinetics Energy and Remediation ETF 0.0 85 -8 6.8 +2.6
DIVL Madison Dividend Value ETF 0.0 65 12 5.8 +1.7
FTWO Strive FAANG 2.0 ETF 0.0 49 28 4.2 +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 8.2 +4.0
HGRO Hedgeye Quality Growth ETF 0.0 70 7 3.3 -0.8
PRXG Praxis Impact Large Cap Growth ETF 0.0 36 41 3.6 -0.6
VDE Vanguard Energy ETF 0.0 9 68 8.8 +4.6

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.