AltShares Merger Arbitrage ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 18.3x P/Sales
ratio		 1.2x
P/BV
ratio		 1.5x Div.
yield		 2.0%


  • 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) $81
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) $7,428
Large cap (>$10bn) 25.3%
Mid cap ($2-10bn) 48.6%
Small cap (<$2bn) 26.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FRONTIER COMMUNICATIONS PARENT, IN 4.6 %
CATALENT INC 4.6 %
KELLOGG CO 4.5 %
ATLANTICA SUSTAINABLE INFRASTRUCTU 3.7 %
CHARTER COMMUNICATIONS, INC. CLASS 3.7 %
LIBERTY BROADBAND CORP. CLASS C 3.6 %
SMARTSHEET, INC. CLASS A 3.6 %
JUNIPER NETWORKS INC 3.4 %
ARCADIUM LITHIUM PLC 3.2 %
ALLETE INC 3.2 %
Total 38.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 75.4 %
BRITAIN 9.8 %
CANADA 3.1 %
GERMANY 1.3 %
SWEDEN 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.4% 4.7% -- -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.06 9%
MSCI EAFE 0.05 6%
MSCI Emg. Mkts. -0.02 1%

Technical Indicators
Recent close $28.14
30d moving avg. $28.08
Annualized volatility 3.6%
Short interest (ETF) 0.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.4%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $5,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 650 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™: 4.3%


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 14.5 40 37 7.9 +3.6
RSPC Invesco S&P 500 Equal Weight Communication Services ETF 8.3 40 37 7.0 +2.8
XTL SPDR S&P Telecom ETF 8.0 35 42 4.4 +0.2
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 6.0 75 2 5.2 +0.9
PRNT 3D Printing ETF 5.7 66 11 0.7 -3.6
SHRY First Trust Bloomberg Shareholder Yield ETF 5.5 60 17 7.4 +3.1
AUSF Global X Adaptive U.S. Factor ETF 4.5 27 50 9.3 +5.1
HAPY Harbor Human Capital Factor Unconstrained ETF 4.2 50 27 4.8 +0.5
WTV WisdomTree US Value Fund of Benef Interest 4.2 12 65 9.8 +5.6
GVIP Goldman Sachs Hedge Industry VIP ETF 4.2 45 32 3.5 -0.8
IVEG iShares Emergent Food and AgTech Multisector ETF 3.8 47 30 8.4 +4.2
HAPS Harbor Human Capital Factor US Small Cap ETF 3.7 60 17 3.4 -0.9
XLC Communication Services Select Sector SPDR Fund 3.7 8 69 6.0 +1.7
YALL God Bless America ETF 3.7 65 12 3.8 -0.5
TOGA Tremblant Global ETF 3.7 69 8 1.9 -2.3
BULD Pacer BlueStar Engineering the Future ETF 3.6 60 17 1.8 -2.5
IHAK iShares Cybersecurity & Tech ETF 3.4 47 30 3.5 -0.8
CNRG SPDR S&P Kensho Clean Power ETF 3.2 45 32 -2.1 -6.4
RSPT Invesco S&P 500 Equal Weight Technology ETF 3.1 40 37 6.4 +2.2
IBOT Vaneck Robotics ETF 3.1 47 30 4.2 -0.1
NUMV Nuveen ESG Mid-Cap Value ETF 3.0 31 46 7.1 +2.8
EQAL Invesco Russell 1000 Equal Weight ETF 3.0 20 57 7.3 +3.0
FCOM Fidelity MSCI Communication Services Index ETF 2.9 8 69 4.6 +0.4
SVAL iShares US Small Cap Value Factor ETF 2.8 20 57 11.3 +7.1
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.8 40 37 8.4 +4.2
VOX Vanguard Communication Services ETF 2.7 10 67 4.5 +0.3
GURU Global X Guru Index ETF 2.7 75 2 1.9 -2.3
FPAG FPA Global Equity ETF 2.6 49 28 5.4 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.6 24 53 8.3 +4.0
ARTY iShares Future AI & Tech ETF 2.6 47 30 4.8 +0.5
IVRS iShares Future Metaverse Tech and Communications ETF 2.6 47 30 -5.7 -9.9
INCE Franklin Income Equity Focus ETF 2.5 29 48 5.9 +1.6
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 9 5.7 +1.4
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 18 5.4 +1.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 20 4.5 +0.3
BOUT Innovator IBD Breakout Opportunities ETF 2.3 81 -4 4.6 +0.3
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 2.3 41 36 9.2 +4.9
PSC Principal U.S. Small-Cap ETF 2.2 38 39 6.1 +1.8
NIXT Research Affiliates Deletions ETF 2.2 9 68 6.1 +1.8
GGME Invesco Next Gen Media and Gaming ETF 2.2 60 17 3.8 -0.4
PEXL Pacer US Export Leaders ETF 2.2 60 17 6.2 +1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 2.1 18 59 8.4 +4.1
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.1 40 37 8.8 +4.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.1 15 62 8.4 +4.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.1 15 62 7.6 +3.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.1 20 57 5.1 +0.8
XMLV Invesco S&P MidCap Low Volatility ETF 2.1 25 52 7.0 +2.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.1 35 42 5.0 +0.7
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 2.1 48 29 5.6 +1.4
KRE SPDR S&P Regional Banking ETF 2.0 35 42 9.6 +5.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.0 58 19 4.7 +0.5
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 38 10.8 +6.6
USRD Themes US R&D Champions ETF 2.0 29 48 7.3 +3.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.0 18 59 7.9 +3.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.0 15 62 6.4 +2.2
NUMG Nuveen ESG Mid-Cap Growth ETF 2.0 31 46 2.3 -1.9
IDAT iShares Future Cloud 5G and Tech ETF 2.0 47 30 4.3 +0.0
KROP Global X AgTech & Food Innovation ETF 2.0 50 27 3.4 -0.8
IWS iShares Russell Mid-Cap Value ETF 1.9 23 54 6.9 +2.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.9 49 28 5.2 +1.0
KBE SPDR S&P Bank ETF 1.9 35 42 9.6 +5.3
FOVL iShares Focused Value Factor ETF 1.9 25 52 9.0 +4.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.8 20 57 8.0 +3.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.8 60 17 4.9 +0.7
SLX VanEck Steel ETF 1.8 56 21 22.4 +18.2
RFV Invesco S&P Midcap 400 Pure Value ETF 1.8 35 42 13.2 +8.9
XME SPDR S&P Metals & Mining ETF 1.8 35 42 9.6 +5.3
DFAT Dimensional U.S. Targeted Value ETF 1.8 28 49 8.8 +4.6
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 48 6.8 +2.5
SSPY Syntax Stratified LargeCap ETF 1.8 30 47 7.0 +2.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.8 18 59 5.6 +1.4
XSW SPDR S&P Software & Services ETF 1.8 35 42 2.7 -1.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 12 6.6 +2.4
KRUZ Unusual Whales Subversive Republican Trading ETF 1.8 75 2 6.1 +1.8
JHSC John Hancock Multifactor Small Cap ETF 1.8 42 35 7.0 +2.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.8 60 17 6.7 +2.4
ODDS Pacer BlueStar Digital Entertainment ETF 1.7 60 17 2.3 -1.9
HAIL SPDR S&P Kensho Smart Mobility ETF 1.7 45 32 -1.8 -6.0
SIXL ETC 6 Meridian Low Beta Equity ETF 1.7 80 -3 5.9 +1.6
FITE SPDR S&P Kensho Future Security ETF 1.7 45 32 2.8 -1.4
RWK Invesco S&P MidCap 400 Revenue ETF 1.7 39 38 8.6 +4.3
JHMM John Hancock Multifactor Mid Cap ETF 1.6 42 35 6.7 +2.4
SURE AdvisorShares Insiders Advantage ETF 1.6 90 -13 10.7 +6.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.6 6 71 8.1 +3.9
DFSV Dimensional US Small Cap Value ETF 1.6 31 46 9.8 +5.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.6 15 62 7.5 +3.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.6 40 37 6.8 +2.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 1.6 60 17 8.4 +4.2
KBWR Invesco KBW Regional Banking ETF 1.6 35 42 8.9 +4.7
XTN SPDR S&P Transportation ETF 1.5 35 42 3.8 -0.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 28 10.3 +6.0
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 52 9.9 +5.7
EVUS iShares ESG Aware MSCI USA Value ETF 1.5 18 59 6.7 +2.4
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 71 8.7 +4.4
PWV Invesco Large Cap Value ETF 1.5 55 22 7.4 +3.1
IAT iShares U.S. Regional Banks ETF 1.5 40 37 10.0 +5.8
IWR iShares Russell Midcap ETF 1.5 19 58 6.0 +1.7
XJH iShares ESG Screened S&P Mid-Cap ETF 1.5 12 65 7.0 +2.8
MDY SPDR S&P Midcap 400 ETF Trust 1.5 24 53 6.9 +2.6
IFRA iShares U.S. Infrastructure ETF 1.5 30 47 7.0 +2.8
FLDZ RiverNorth Patriot ETF 1.5 75 2 5.9 +1.6
IJH iShares Core S&P Mid-Cap ETF 1.5 5 72 7.1 +2.8
SIXG Defiance Connective Technologies ETF 1.5 30 47 5.5 +1.3
NUDV Nuveen ESG Dividend ETF 1.5 26 51 7.6 +3.4
QDIV Global X S&P 500 Quality Dividend ETF 1.5 20 57 8.6 +4.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.5 39 38 5.9 +1.7
SPGP Invesco S&P 500 GARP ETF 1.5 34 43 9.3 +5.1
VOE Vanguard Mid-Cap Value ETF 1.5 7 70 7.4 +3.2
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.5 27 50 6.6 +2.4
IYM iShares U.S. Basic Materials ETF 1.4 40 37 7.1 +2.8
SCHA Schwab U.S. Small-Cap ETF 1.4 4 73 5.1 +0.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.4 3 74 7.1 +2.9
IVOO Vanguard S&P Mid-Cap 400 ETF 1.4 10 67 7.1 +2.8
WLDR Affinity World Leaders Equity ETF 1.4 67 10 8.0 +3.7
SUSA iShares MSCI USA ESG Select ETF 1.4 25 52 5.5 +1.2
USMF WisdomTree U.S. Multifactor Fund 1.4 28 49 6.8 +2.5
QTUM Defiance Quantum ETF 1.4 40 37 5.6 +1.4
FIVG Defiance Next Gen Connectivity ETF 1.4 30 47 5.3 +1.0
KNCT Invesco Next Gen Connectivity ETF 1.4 40 37 4.9 +0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 70 6.3 +2.1
TMAT Main Thematic Innovation ETF 1.4 164 -87 -1.3 -5.5
STXM Strive Mid-Cap ETF 1.4 18 59 6.8 +2.5
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.4 40 37 6.4 +2.2
VTWV Vanguard Russell 2000 Value ETF 1.4 15 62 5.6 +1.4
FVD First Trust Value Line Dividend Index Fund 1.4 65 12 6.4 +2.2
XLP Consumer Staples Select Sector SPDR Fund 1.3 8 69 6.6 +2.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 73 6.4 +2.1
IWN iShares Russell 2000 Value ETF 1.3 24 53 5.6 +1.3
VBR Vanguard Small Cap Value ETF 1.3 7 70 8.7 +4.5
IGPT Invesco AI and Next Gen Software ETF 1.3 60 17 4.4 +0.1
IMCB iShares Morningstar Mid-Cap ETF 1.3 4 73 6.1 +1.9
CLOD Themes Cloud Computing ETF 1.3 35 42 2.9 -1.4
IGV iShares Expanded Tech-Software Sector ETF 1.3 41 36 2.8 -1.5
FSMD Fidelity Small-Mid Multifactor ETF 1.3 15 62 7.1 +2.9
VTWO Vanguard Russell 2000 ETF 1.2 10 67 3.4 -0.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.2 15 62 7.9 +3.6
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -12 4.6 +0.3
USMV iShares MSCI USA Min Vol Factor ETF 1.2 15 62 5.5 +1.3
NXTG First Trust Indxx NextG ETF 1.2 70 7 6.4 +2.2
IQM Franklin Intelligent Machines ETF 1.2 50 27 3.6 -0.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 2 3.3 -0.9
VB Vanguard Small-Cap ETF 1.2 5 72 5.5 +1.3
ACVF American Conservative Values ETF 1.2 75 2 4.6 +0.3
ISCB iShares Morningstar Small-Cap ETF 1.2 4 73 5.7 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 1.2 20 57 9.8 +5.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.2 17 60 5.4 +1.2
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.2 20 57 7.0 +2.8
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.2 60 17 9.4 +5.1
RSSL Global X Russell 2000 ETF 1.2 8 69 3.0 -1.2
IWM iShares Russell 2000 ETF 1.2 19 58 3.3 -1.0
VO Vanguard Mid-Cap ETF 1.2 4 73 5.8 +1.5
ITAN Sparkline Intangible Value ETF 1.1 50 27 6.4 +2.1
DFAS Dimensional U.S. Small Cap ETF 1.1 26 51 6.4 +2.1
DRUP GraniteShares Nasdaq Select Disruptors ETF 1.1 60 17 4.4 +0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.1 39 38 4.8 +0.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 2 2.9 -1.4
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 17 8.8 +4.5
TTAC FCF US Quality ETF 1.1 59 18 5.9 +1.6
USCF Themes US Cash Flow Champions ETF 1.1 29 48 7.7 +3.4
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 37 7.1 +2.8
ISMD Inspire Small/Mid Cap ETF 1.1 54 23 4.8 +0.6
STXK Strive Small-Cap ETF 1.1 18 59 5.7 +1.5
XPND First Trust Expanded Technology ETF 1.1 65 12 4.9 +0.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.1 39 38 -1.7 -5.9
BBCA JPMorgan BetaBuilders Canada ETF 1.1 19 58 6.7 +2.5
FLCA Franklin FTSE Canada ETF 1.1 9 68 7.0 +2.7
EWC iShares MSCI Canada ETF 1.1 50 27 6.6 +2.3
VBK Vanguard Small-Cap Growth ETF 1.1 7 70 1.3 -3.0
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 73 6.6 +2.4
AVSC Avantis U.S Small Cap Equity ETF 1.1 25 52 5.6 +1.3
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.1 60 17 6.0 +1.7
RSP Invesco S&P 500 Equal Weight ETF 1.0 20 57 6.7 +2.5
PY Principal Value ETF 1.0 15 62 7.4 +3.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 47 8.4 +4.2
EZM WisdomTree U.S. MidCap Fund 1.0 38 39 9.1 +4.9
DTEC ALPS Disruptive Technologies ETF 1.0 50 27 3.6 -0.7
FNDA Schwab Fundamental US Small Co. Index ETF 1.0 25 52 6.7 +2.5
ROE Astoria US Quality Kings ETF 1.0 49 28 7.9 +3.6
IMCG iShares Morningstar Mid-Cap Growth ETF 1.0 6 71 4.2 -0.1
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 52 6.6 +2.3
IYK iShares U.S. Consumer Staples ETF 1.0 40 37 6.6 +2.3
RPG Invesco S&P 500 Pure Growth ETF 1.0 35 42 1.8 -2.4
TRFM AAM Transformers ETF 1.0 49 28 1.2 -3.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 57 5.1 +0.8
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 32 3.9 -0.4
ARKX ARK Space Exploration & Innovation ETF 0.9 75 2 3.0 -1.3
VTWG Vanguard Russell 2000 Growth ETF 0.9 15 62 0.8 -3.4
VAMO Cambria Value & Momentum ETF 0.9 61 16 6.4 +2.1
VXF Vanguard Extended Market ETF 0.9 6 71 4.0 -0.3
SIZE iShares MSCI USA Size Factor ETF 0.9 15 62 6.4 +2.2
EUSA iShares MSCI USA Equal Weighted ETF 0.9 9 68 6.4 +2.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 38 13.0 +8.8
XMVM Invesco S&P MidCap Value with Momentum ETF 0.9 39 38 9.3 +5.1
VDC Vanguard Consumer Staples ETF 0.9 10 67 6.0 +1.7
SPHB Invesco S&P 500 High Beta ETF 0.9 25 52 5.4 +1.1
CGGR Capital Group Growth ETF 0.9 39 38 3.0 -1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.9 20 57 7.1 +2.9
DFLV Dimensional US Large Cap Value ETF 0.9 22 55 7.8 +3.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 71 2.5 -1.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.9 20 57 5.9 +1.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 73 5.9 +1.6
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 60 7.3 +3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.9 29 48 6.7 +2.4
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.9 12 65 5.4 +1.2
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 28 6.3 +2.1
SFYX SoFi Next 500 ETF 0.8 0 77 5.3 +1.1
FDMO Fidelity Momentum Factor ETF 0.8 15 62 4.4 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 48 7.9 +3.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 30 5.6 +1.3
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.8 8 69 5.9 +1.7
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.8 40 37 4.0 -0.3
IXP iShares Global Comm Services ETF 0.8 42 35 5.1 +0.8
NUSC Nuveen ESG Small-Cap ETF 0.8 31 46 5.8 +1.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 41 10.2 +5.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.8 25 52 7.3 +3.0
IYG iShares US Financial Services ETF 0.8 40 37 5.2 +1.0
IWO iShares Russell 2000 Growth ETF 0.8 24 53 0.6 -3.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.8 25 52 7.3 +3.1
ETHO Etho Climate Leadership U.S. ETF 0.8 47 30 3.9 -0.4
ESGU iShares ESG Aware MSCI USA ETF 0.8 15 62 5.3 +1.1
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 55 5.8 +1.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.8 20 57 5.9 +1.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 16 21.5 +17.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 68 6.3 +2.0
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 65 7.0 +2.7
DON WisdomTree U.S. MidCap Dividend Fund 0.8 38 39 8.7 +4.5
VOT Vanguard Mid-Cap Growth ETF 0.8 7 70 3.7 -0.5
OALC OneAscent Large Cap Core ETF 0.8 86 -9 4.7 +0.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.8 17 60 5.8 +1.5
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 25 7.2 +2.9
BIBL Inspire 100 ETF 0.8 35 42 5.7 +1.5
MAGA Point Bridge America First ETF 0.8 72 5 6.4 +2.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.8 20 57 5.3 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 38 7.1 +2.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.8 47 30 9.5 +5.2
FLRG Fidelity U.S. Multifactor ETF 0.8 15 62 8.3 +4.1
FMET Fidelity Metaverse ETF 0.8 39 38 5.4 +1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.8 60 17 6.2 +2.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.8 15 62 5.8 +1.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 52 5.7 +1.4
ZAP Global X U.S. Electrification ETF 0.8 50 27 4.1 -0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 15 62 6.7 +2.4
STXV Strive 1000 Value ETF 0.7 18 59 7.9 +3.6
HWAY Themes US Infrastructure ETF 0.7 29 48 7.1 +2.8
DFUV Dimensional US Marketwide Value ETF 0.7 22 55 7.7 +3.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.7 12 65 7.9 +3.6
IYF iShares U.S. Financials ETF 0.7 40 37 5.7 +1.4
EGUS iShares ESG Aware MSCI USA Growth ETF 0.7 18 59 4.8 +0.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 53 7.8 +3.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 40 6.3 +2.0
SMMD iShares Russell 2500 ETF 0.7 15 62 6.3 +2.0
USXF iShares ESG Advanced MSCI USA ETF 0.7 10 67 5.5 +1.2
ARKQ ARK Autonomous Technology & Robotics ETF 0.7 75 2 2.9 -1.4
PAVE Global X U.S. Infrastructure Development ETF 0.7 47 30 6.0 +1.8
DSMC Distillate Small/Mid Cash Flow ETF 0.7 55 22 13.9 +9.7
NULC Nuveen ESG Large-Cap ETF 0.7 21 56 5.3 +1.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.7 17 60 5.8 +1.6
IUS Invesco RAFI Strategic US ETF 0.7 19 58 7.2 +2.9
VFH Vanguard Financials ETF 0.7 10 67 6.0 +1.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 65 6.5 +2.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 62 4.8 +0.5
VAW Vanguard Materials ETF 0.7 10 67 6.9 +2.7
FTXO First Trust Nasdaq Bank ETF 0.7 60 17 9.0 +4.7
PSCF Invesco S&P SmallCap Financials ETF 0.7 29 48 9.2 +5.0
VONV Vanguard Russell 1000 Value ETF 0.7 8 69 6.6 +2.3
MTUM iShares MSCI USA Momentum Factor ETF 0.7 15 62 4.3 +0.0
IWD iShares Russell 1000 Value ETF 0.7 19 58 6.4 +2.2
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.7 49 28 4.9 +0.7
JHML John Hancock Multifactor Large Cap ETF 0.7 29 48 5.7 +1.5
GINN Goldman Sachs Innovate Equity ETF 0.7 52 25 2.6 -1.7
FNCL Fidelity MSCI Financials Index ETF 0.7 8 69 5.9 +1.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 57 1.1 -3.2
SPVU Invesco S&P 500 Enhanced Value ETF 0.6 13 64 9.9 +5.7
GVLU Gotham 1000 Value ETF 0.6 50 27 8.4 +4.2
UIVM VictoryShares International Value Momentum ETF 0.6 35 42 8.8 +4.6
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 62 6.7 +2.4
KXI iShares Global Consumer Staples ETF 0.6 41 36 5.5 +1.3
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 51 6.6 +2.3
FVAL Fidelity Value Factor ETF 0.6 15 62 7.2 +3.0
FMAT Fidelity MSCI Materials Index ETF 0.6 8 69 6.9 +2.6
IXG iShares Global Financials ETF 0.6 42 35 5.8 +1.6
XLF Financial Select Sector SPDR Fund 0.6 8 69 5.4 +1.2
HKND Humankind US Stock ETF 0.6 11 66 7.7 +3.4
DFVX Dimensional US Large Cap Vector ETF 0.6 22 55 6.5 +2.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 62 5.3 +1.1
FDN First Trust Dow Jones Internet Index Fund 0.6 52 25 3.9 -0.3
FDND FT Vest Dow Jones Internet & Target Income ETF 0.6 75 2 3.7 -0.5
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 62 9.0 +4.8
WCEO Hypatia Women CEO ETF 0.6 85 -8 5.2 +0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.6 32 45 5.6 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 0.6 15 62 5.9 +1.7
RWL Invesco S&P 500 Revenue ETF 0.6 39 38 7.3 +3.1
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 42 5.7 +1.5
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 62 7.7 +3.4
FDL First Trust Morningstar Dividend Leaders Index Fund 0.6 45 32 9.0 +4.7
XMMO Invesco S&P MidCap Momentum ETF 0.5 34 43 6.7 +2.4
VGT Vanguard Information Technology ETF 0.5 10 67 5.1 +0.8
DIVB iShares Core Dividend ETF 0.5 5 72 7.7 +3.4
QQQ Invesco QQQ Trust Series I 0.5 20 57 4.7 +0.5
FYT First Trust Small Cap Value AlphaDEX Fund 0.5 73 4 9.0 +4.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 68 5.8 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 67 5.7 +1.4
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 57 5.0 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 67 5.7 +1.4
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 57 5.0 +0.8
QQQM Invesco NASDAQ 100 ETF 0.5 15 62 4.8 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 68 5.4 +1.1
FTEC Fidelity MSCI Information Technology Index ETF 0.5 8 69 5.1 +0.8
DCOR Dimensional US Core Equity 1 ETF 0.5 14 63 5.7 +1.4
IWC iShares Micro-Cap ETF 0.5 60 17 -5.2 -9.4
VYM Vanguard High Dividend Yield Index ETF 0.5 6 71 7.0 +2.7
FCPI Fidelity Stocks for Inflation ETF 0.5 15 62 8.3 +4.1
XT iShares Exponential Technologies ETF 0.5 46 31 4.9 +0.7
TRFK Pacer Data and Digital Revolution ETF 0.5 60 17 4.2 -0.0
ROUS Hartford Multifactor US Equity ETF 0.5 19 58 7.5 +3.2
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 52 5.8 +1.6
XLK Technology Select Sector SPDR Fund 0.5 8 69 5.7 +1.4
VEGN US Vegan Climate ETF 0.5 60 17 4.8 +0.6
DFAU Dimensional US Core Equity Market ETF 0.5 12 65 5.4 +1.2
IUSV iShares Core S&P US Value ETF 0.5 4 73 6.6 +2.3
KRMA Global X Conscious Companies ETF 0.5 43 34 6.2 +2.0
AVIV Avantis International Large Cap Value ETF 0.5 25 52 7.5 +3.2
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 12 4.9 +0.7
DFSU Dimensional US Sustainability Core 1 ETF 0.4 18 59 5.9 +1.6
VTV Vanguard Value ETF 0.4 4 73 6.8 +2.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 47 5.2 +1.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 42 6.8 +2.5
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.4 42 35 6.7 +2.5
PTL Inspire 500 ETF 0.4 9 68 6.2 +2.0
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 47 6.0 +1.8
GSPY Gotham Enhanced 500 ETF 0.4 50 27 5.4 +1.2
IETC iShares U.S. Tech Independence Focused ETF 0.4 18 59 4.8 +0.6
AVUS Avantis U.S. Equity ETF 0.4 15 62 6.1 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 53 5.8 +1.5
FESM Fidelity Enhanced Small Cap ETF 0.4 28 49 1.7 -2.6
FMDE Fidelity Enhanced Mid Cap ETF 0.4 23 54 6.1 +1.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 56 4.3 +0.0
FUNL CornerCap Fundametrics Large-Cap ETF 0.4 50 27 7.4 +3.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 42 11.8 +7.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 57 5.3 +1.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 42 5.3 +1.0
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 42 5.5 +1.3
IJS iShares S&P Small-Cap 600 Value ETF 0.4 18 59 9.7 +5.4
DIHP Dimensional International High Profitability ETF 0.4 29 48 6.8 +2.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 57 6.3 +2.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.4 15 62 5.4 +1.1
IGM iShares Expanded Tech Sector ETF 0.4 41 36 4.8 +0.5
DISV Dimensional International Small Cap Value ETF 0.4 42 35 8.1 +3.9
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 18 8.9 +4.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -3 8.1 +3.9
EQIN Columbia US Equity Income ETF 0.4 35 42 8.5 +4.2
TPIF Timothy Plan International ETF 0.4 62 15 6.0 +1.8
VTI Vanguard Total Stock Market ETF 0.4 3 74 5.1 +0.9
SCHB Schwab U.S. Broad Market ETF 0.4 3 74 5.2 +1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 74 5.2 +0.9
VTHR Vanguard Russell 3000 ETF 0.4 10 67 5.1 +0.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 15 62 8.5 +4.2
IWV iShares Russell 3000 ETF 0.4 20 57 5.0 +0.8
VSLU Applied Finance Valuation Large Cap ETF 0.4 49 28 6.0 +1.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 68 5.2 +0.9
DSI iShares MSCI KLD 400 Social ETF 0.4 25 52 5.6 +1.3
JAVA JPMorgan Active Value ETF 0.4 44 33 6.0 +1.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 62 9.7 +5.5
IVE iShares S&P 500 Value ETF 0.4 18 59 6.3 +2.1
VOOV Vanguard S&P 500 Value ETF 0.4 10 67 6.8 +2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 65 4.8 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 73 6.5 +2.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 18 5.2 +1.0
ILCV iShares Morningstar Value ETF 0.4 4 73 6.5 +2.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 62 5.0 +0.8
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 35 5.1 +0.8
SCHK Schwab 1000 Index ETF 0.3 5 72 5.3 +1.1
DUHP Dimensional US High Profitability ETF 0.3 21 56 6.9 +2.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 66 5.1 +0.8
EES WisdomTree U.S. SmallCap Fund 0.3 38 39 8.0 +3.8
DFIC Dimensional International Core Equity 2 ETF 0.3 23 54 6.9 +2.7
VALQ American Century U.S. Quality Value ETF 0.3 29 48 7.4 +3.1
VLUE iShares MSCI USA Value Factor ETF 0.3 15 62 10.7 +6.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 74 5.5 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 10 9.4 +5.2
DGRO iShares Core Dividend Growth ETF 0.3 8 69 6.5 +2.3
IYY iShares Dow Jones U.S. ETF 0.3 20 57 5.1 +0.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 2 5.2 +1.0
DEW WisdomTree Global High Dividend Fund 0.3 58 19 8.0 +3.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 45 5.0 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 48 5.3 +1.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 66 5.3 +1.0
AVSD Avantis Responsible International Equity ETF 0.3 23 54 6.9 +2.7
HAP VanEck Natural Resources ETF 0.3 50 27 9.7 +5.4
DFIS Dimensional International Small Cap ETF 0.3 39 38 6.2 +1.9
IWB iShares Russell 1000 ETF 0.3 15 62 5.2 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 65 4.8 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 68 5.0 +0.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 67 5.7 +1.5
FDEV Fidelity International Multifactor ETF 0.3 18 59 6.8 +2.6
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 73 6.7 +2.4
VONE Vanguard Russell 1000 ETF 0.3 8 69 5.3 +1.0
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 68 5.2 +0.9
XVV iShares ESG Screened S&P 500 ETF 0.3 8 69 5.2 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 65 5.0 +0.7
SNSR Global X Internet of Things ETF 0.3 68 9 4.8 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 9 68 5.2 +1.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 68 3.8 -0.5
DFUS Dimensional U.S. Equity ETF 0.3 9 68 5.2 +1.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 67 4.7 +0.5
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 49 6.2 +2.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 68 5.5 +1.3
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 73 4.6 +0.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 38 9.9 +5.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 57 5.1 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 47 7.3 +3.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.3 5 72 7.4 +3.1
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 48 7.9 +3.6
CCMG CCM Global Equity ETF 0.3 34 43 7.5 +3.2
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 69 5.6 +1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 30 8.9 +4.7
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 65 8.5 +4.2
SCHX Schwab U.S. Large-Cap ETF 0.3 3 74 5.3 +1.1
IVV iShares Core S&P 500 ETF 0.3 3 74 5.4 +1.1
SPLG SPDR Portfolio S&P 500 ETF 0.3 2 75 5.4 +1.1
SPY SPDR S&P 500 ETF Trust 0.3 9 68 5.3 +1.0
VOO Vanguard S&P 500 ETF 0.3 3 74 5.4 +1.1
VPU Vanguard Utilities ETF 0.3 10 67 5.6 +1.3
PBUS Invesco MSCI USA ETF 0.3 4 73 5.3 +1.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.3 75 2 4.3 +0.0
HDUS Hartford Disciplined US Equity ETF 0.3 19 58 6.2 +1.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 70 5.2 +1.0
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 64 3.0 -1.3
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.3 38 39 5.9 +1.6
IXN iShares Global Tech ETF 0.3 41 36 4.8 +0.6
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 74 5.2 +1.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 69 5.3 +1.0
SPHQ Invesco S&P 500 Quality ETF 0.3 15 62 5.8 +1.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 16 5.4 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 5.1 +0.8
RVRB Reverb ETF 0.3 30 47 5.0 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 75 5.3 +1.0
STXD Strive 1000 Dividend Growth ETF 0.3 35 42 5.4 +1.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 67 4.8 +0.5
VIG Vanguard Dividend Appreciation ETF 0.3 6 71 5.8 +1.6
VT Vanguard Total World Stock ETF 0.3 7 70 5.6 +1.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 52 8.0 +3.7
BFOR ALPS Barron's 400 ETF 0.3 65 12 6.4 +2.1
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 52 5.8 +1.6
CIL VictoryShares International Volatility Wtd ETF 0.3 45 32 6.2 +2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 70 5.2 +1.0
VV Vanguard Large-Cap ETF 0.3 4 73 5.3 +1.0
IYW iShares U.S. Technology ETF 0.3 40 37 4.9 +0.7
KLMN Invesco MSCI North America Climate ETF 0.3 9 68 -0.1 -4.3
TOK iShares MSCI Kokusai ETF 0.3 26 51 5.1 +0.9
STRV Strive 500 ETF 0.3 5 72 5.3 +1.0
IUSG iShares Core S&P U.S. Growth ETF 0.3 4 73 4.6 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 58 6.6 +2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 77 5.3 +1.0
VOTE TCW Transform 500 ETF 0.3 5 72 5.2 +1.0
URTH iShares MSCI World ETF 0.2 24 53 5.2 +1.0
DFAI Dimensional International Core Equity Market ETF 0.2 18 59 6.6 +2.3
ECLN First Trust EIP Carbon Impact ETF 0.2 96 -19 4.5 +0.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.2 39 38 9.5 +5.2
AVDE Avantis International Equity ETF 0.2 23 54 7.1 +2.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 68 5.3 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 68 5.5 +1.2
HLGE Hartford Longevity Economy ETF 0.2 44 33 6.5 +2.3
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 39 8.7 +4.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 17 7.7 +3.4
SDY SPDR S&P Dividend ETF 0.2 35 42 6.3 +2.0
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 49 6.0 +1.7
BLES Inspire Global Hope ETF 0.2 61 16 6.6 +2.3
MISL First Trust Indxx Aerospace & Defense ETF 0.2 60 17 2.9 -1.4
PPA Invesco Aerospace & Defense ETF 0.2 58 19 2.6 -1.7
ITA iShares U.S. Aerospace & Defense ETF 0.2 40 37 1.7 -2.6
XAR SPDR S&P Aerospace & Defense ETF 0.2 35 42 2.7 -1.6
NATO Themes Transatlantic Defense ETF 0.2 35 42 2.8 -1.4
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 35 4.8 +0.6
VOOG Vanguard S&P 500 Growth ETF 0.2 10 67 5.0 +0.7
IVW iShares S&P 500 Growth ETF 0.2 18 59 4.4 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 73 4.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 0.2 22 55 8.8 +4.6
LRND IQ U.S. Large Cap R&D Leaders ETF 0.2 14 63 6.3 +2.1
FENY Fidelity MSCI Energy Index ETF 0.2 8 69 6.7 +2.4
QDF FlexShares Quality Dividend Index Fund 0.2 37 40 6.4 +2.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 0.2 60 17 9.6 +5.3
OIH VanEck Oil Services ETF 0.2 35 42 2.1 -2.2
XMHQ Invesco S&P MidCap Quality ETF 0.2 25 52 7.2 +2.9
IEZ iShares U.S. Oil Equipment & Services ETF 0.2 40 37 2.3 -2.0
XES SPDR S&P Oil & Gas Equipment & Services ETF 0.2 35 42 -0.2 -4.4
VDE Vanguard Energy ETF 0.2 10 67 6.7 +2.4
ACWI iShares MSCI ACWI ETF 0.2 32 45 5.3 +1.1
STXI Strive International Developed Markets ETF 0.2 29 48 6.2 +1.9
IGE iShares North American Natural Resources ETF 0.2 41 36 6.6 +2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 32 5.2 +0.9
ILCG iShares Morningstar Growth ETF 0.2 4 73 4.3 +0.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 65 7.3 +3.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 62 8.7 +4.5
NULG Nuveen ESG Large-Cap Growth ETF 0.2 26 51 4.2 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 74 6.5 +2.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 65 5.4 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 57 5.3 +1.1
SFY SoFi Select 500 ETF 0.2 0 77 4.9 +0.7
IYT iShares US Transportation ETF 0.2 40 37 3.0 -1.2
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 65 8.8 +4.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 68 7.1 +2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 52 6.5 +2.2
MGV Vanguard Mega Cap Value ETF 0.2 7 70 6.6 +2.3
HLAL Wahed FTSE USA Shariah ETF 0.2 50 27 5.3 +1.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 18 6.1 +1.9
IJR iShares Core S&P Small Cap ETF 0.2 6 71 7.6 +3.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 47 6.3 +2.1
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 67 5.5 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 65 6.2 +2.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 74 7.7 +3.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 67 7.5 +3.3
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 67 5.4 +1.2
GLOF iShares Global Equity Factor ETF 0.2 20 57 6.8 +2.6
STXG Strive 1000 Growth ETF 0.2 18 59 4.4 +0.2
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 62 6.7 +2.5
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 41 5.0 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 48 7.5 +3.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 52 5.7 +1.5
EPS WisdomTree U.S. LargeCap Fund 0.2 8 69 5.9 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 73 6.4 +2.2
SCHF Schwab International Equity ETF 0.1 6 71 6.7 +2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 17 7.8 +3.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.1 70 7 11.3 +7.0
VEA Vanguard FTSE Developed Markets ETF 0.1 5 72 6.6 +2.4
VSGX Vanguard ESG International Stock ETF 0.1 12 65 6.2 +2.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 28 5.3 +1.0
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 62 6.1 +1.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 42 6.0 +1.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 37 6.0 +1.7
BKIE BNY Mellon International Equity ETF 0.1 4 73 6.5 +2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 32 7.9 +3.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 35 5.1 +0.9
VUG Vanguard Growth ETF 0.1 4 73 4.5 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 43 6.3 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 36 6.9 +2.6
ROSC Hartford Multifactor Small Cap ETF 0.1 34 43 9.2 +5.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 64 10.4 +6.2
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -18 4.8 +0.6
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 35 5.5 +1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 69 6.6 +2.4
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 70 6.6 +2.3
OEF iShares S&P 100 ETF 0.1 20 57 5.1 +0.8
WRND IQ Global Equity R&D Leaders ETF 0.1 18 59 7.4 +3.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 59 6.5 +2.2
VXUS Vanguard Total International Stock ETF 0.1 7 70 6.7 +2.4
EIPX FT Energy Income Partners Strategy ETF 0.1 95 -18 6.1 +1.8
VIS Vanguard Industrials ETF 0.1 10 67 4.6 +0.4
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 54 3.6 -0.7
HDV iShares Core High Dividend ETF 0.1 8 69 6.9 +2.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 38 8.9 +4.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 38 6.4 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 7.0 +2.8
MGC Vanguard Mega Cap ETF 0.1 7 70 5.2 +0.9
MADE iShares U.S. Manufacturing ETF 0.1 40 37 6.0 +1.7
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 57 -8.8 -13.0
XHE SPDR S&P Health Care Equipment ETF 0.1 35 42 2.6 -1.7
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 69 4.8 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 52 8.9 +4.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 6.2 +2.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 28 5.0 +0.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.6 +0.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 69 5.1 +0.8
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 6.0 +1.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 66 6.0 +1.8
VCR Vanguard Consumer Discretionary ETF 0.1 10 67 5.0 +0.8
IYJ iShares U.S. Industrials ETF 0.1 40 37 4.9 +0.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 18 3.3 -1.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 42 6.7 +2.4
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 59 6.7 +2.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 37 6.1 +1.8
IHI iShares U.S. Medical Devices ETF 0.0 40 37 3.9 -0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 70 6.3 +2.0
IQDF FlexShares International Quality Dividend Index Fund 0.0 47 30 12.6 +8.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 6.4 +2.2
SCHD Schwab US Dividend Equity ETF 0.0 6 71 9.8 +5.5
GWX SPDR S&P International Small Cap ETF 0.0 40 37 5.9 +1.7
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -13 4.3 0.0
PFM Invesco Dividend Achievers ETF 0.0 53 24 5.5 +1.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 63 5.3 +1.0
VFMF Vanguard U.S. Multifactor ETF 0.0 18 59 9.1 +4.8
AVDV Avantis International Small Cap Value ETF 0.0 36 41 7.6 +3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 53 7.2 +3.0
IEUR iShares Core MSCI Europe ETF 0.0 11 66 6.0 +1.8
SPEU SPDR Portfolio Europe ETF 0.0 7 70 6.1 +1.8
VGK Vanguard FTSE Europe ETF 0.0 11 66 6.1 +1.8
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 65 5.1 +0.8
IWF iShares Russell 1000 Growth ETF 0.0 19 58 4.9 +0.7
VONG Vanguard Russell 1000 Growth ETF 0.0 8 69 5.1 +0.8
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 49 5.8 +1.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 70 6.3 +2.1
VHT Vanguard Health Care ETF 0.0 10 67 5.7 +1.5
SDEP SFP Core Equity Strategy 0.0 10 67 6.5 +2.2
DUSA Davis Select U.S. Equity ETF 0.0 61 16 7.9 +3.6
EQRR ProShares Equities for Rising Rates ETF 0.0 35 42 8.3 +4.1
FDLO Fidelity Low Volatility Factor ETF 0.0 15 62 5.5 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.0 46 31 9.1 +4.8
JEPI JPMorgan Equity Premium Income ETF 0.0 35 42 5.5 +1.3
NETZ TCW Transform Systems ETF 0.0 75 2 3.9 -0.4
REVS Columbia Research Enhanced Value ETF 0.0 19 58 7.7 +3.5
SIXA ETC 6 Meridian Mega Cap Equity ETF 0.0 80 -3 6.7 +2.4
TPHD Timothy Plan High Dividend Stock ETF 0.0 52 25 6.7 +2.5
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.0 54 23 6.7 +2.4
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 5.7 +1.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.0 55 22 5.0 +0.7
JGRO JPMorgan Active Growth ETF 0.0 44 33 4.1 -0.2
BKWO BNY Mellon Women's Opportunities ETF 0.0 50 27 4.2 -0.1
VFLO VictoryShares Free Cash Flow ETF 0.0 39 38 10.6 +6.3
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 59 5.6 +1.4
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 59 5.1 +0.9
JGLO JPMorgan Global Select Equity ETF 0.0 33 44 4.7 +0.5
CGDG Capital Group Dividend Growers ETF 0.0 47 30 6.4 +2.1
RFFC ALPS Active Equity Opportunity ETF 0.0 48 29 4.7 +0.4
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 6.5 +2.3
FCG First Trust Natural Gas ETF 0.0 60 17 14.2 +10.0
FTDS First Trust Dividend Strength ETF 0.0 70 7 8.8 +4.5
FTGS First Trust Growth Strength ETF 0.0 60 17 6.4 +2.1
FTXN First Trust Nasdaq Oil & Gas ETF 0.0 60 17 8.7 +4.4
FXN First Trust Energy AlphaDEX Fund 0.0 62 15 9.6 +5.3
DURA VanEck Durable High Dividend ETF 0.0 29 48 7.6 +3.4
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.0 25 52 10.5 +6.3
DIVG Invesco S&P 500 High Dividend Growers ETF 0.0 39 38 7.9 +3.6
PXI Invesco Dorsey Wright Energy Momentum ETF 0.0 60 17 7.1 +2.8
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0 40 37 8.8 +4.5
FILL iShares MSCI Global Energy Producers ETF 0.0 39 38 9.7 +5.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0 40 37 9.4 +5.1
IWL iShares Russell Top 200 ETF 0.0 15 62 5.0 +0.8
IWX iShares Russell Top 200 Value ETF 0.0 20 57 6.2 +1.9
IXC iShares Global Energy ETF 0.0 44 33 9.0 +4.7
IYE iShares U.S. Energy ETF 0.0 40 37 6.6 +2.3
QUAL iShares MSCI USA Quality Factor ETF 0.0 15 62 5.9 +1.6
DGT SPDR Global Dow ETF 0.0 50 27 6.3 +2.1
GNR SPDR S&P Global Natural Resources ETF 0.0 40 37 9.7 +5.5
NANR SPDR S&P North American Natural Resources ETF 0.0 35 42 7.8 +3.5
XLE Energy Select Sector SPDR Fund 0.0 8 69 7.3 +3.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0 35 42 11.0 +6.8
AIEQ AI Powered Equity ETF 0.0 75 2 5.6 +1.4
COWZ Pacer US Cash Cows 100 ETF 0.0 49 28 12.3 +8.1
KOCG FIS Knights of Columbus Global Belief ETF 0.0 75 2 4.9 +0.6
DRLL Strive U.S. Energy ETF 0.0 41 36 7.5 +3.3
PRAY FIS Christian Stock Fund 0.0 69 8 6.5 +2.2
ECML Euclidean Fundamental Value ETF 0.0 95 -18 14.3 +10.1
NVIR Horizon Kinetics Energy and Remediation ETF 0.0 85 -8 1.7 -2.5
DIVL Madison Dividend Value ETF 0.0 65 12 5.9 +1.7
FTWO Strive FAANG 2.0 ETF 0.0 49 28 4.7 +0.5
SMRI Bushido Capital US Equity ETF 0.0 71 6 10.8 +6.5
APUE ActivePassive U.S. Equity ETF 0.0 45 32 5.1 +0.8
GINX SGI Enhanced Global Income ETF 0.0 98 -21 7.2 +3.0
LIVR Intelligent Livermore ETF 0.0 69 8 5.2 +1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 7.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.