AltShares Merger Arbitrage ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2022E    2023E
P/E
ratio
13.3x P/Sales
ratio
1.9x
P/BV
ratio
1.1x Div.
yield
3.1%


  • 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) $95
Currency USD
Expense ratio 67 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 74
Wgt avg mkt cap (mns) $229
Large cap (>$10bn) 21.8%
Mid cap ($2-10bn) 55.1%
Small cap (<$2bn) 23.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROSHARES ULTRA SEMICONDUCTORS 196.0 %
CHANGE HEALTHCARE, INC. 2.5 %
PNM RESOURCES INC 1.9 %
AEROJET ROCKETDYNE HOLDINGS, INC. 1.8 %
SHAW COMMUNICATIONS INC-B 1.2 %
DEUTSCHE WOHNEN AG 0.9 %
SPORTSMAN'S WAREHOUSE HOLDIN 0.5 %
ENTERPRISE FINANCIAL SERVICE 0.3 %
LAKELAND BANCORP INC -0.3 %
MKS INSTRUMENTS INC -0.3 %
Total 204.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 4.7 %
CANADA 1.3 %
GERMANY 0.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.7% 2.7% -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $25.62
30d moving avg. $25.78
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 20

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.8%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $1,212

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 383 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: 67 bp ALTAR Score™: 7.8%


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
(%)
NLR VanEck Uranium+Nuclear Energy ETF 1.9 60 7 1.5 -6.3
PSCI Invesco S&P SmallCap Industrials ETF 1.8 29 38 7.8 +0.1
XAR SPDR S&P Aerospace & Defense ETF 1.8 35 32 2.9 -4.9
ROKT SPDR S&P Kensho Final Frontiers ETF 1.8 45 22 2.5 -5.3
FITE SPDR Kensho Future Security ETF 1.6 45 22 3.8 -4.0
AUSF Global X Adaptive U.S. Factor ETF 1.6 27 40 6.8 -0.9
SIXS 6 Meridian Small Cap Equity ETF 1.6 100 -33 10.4 +2.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.4 20 47 5.7 -2.0
PRNT The 3D Printing ETF 1.4 66 1 -4.3 -12.1
ITA iShares U.S. Aerospace & Defense ETF 1.3 39 28 5.0 -2.8
JSML Janus Henderson Small Cap Growth Alpha ETF 1.2 30 37 10.1 +2.3
PPA Invesco Aerospace & Defense ETF 1.2 61 6 4.5 -3.2
SIXL 6 Meridian Low Beta Equity Strategy ETF 1.0 82 -15 6.3 -1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 52 7.8 +0.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 52 7.8 +0.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 49 7.8 +0.0
FLCA Franklin FTSE Canada ETF 0.8 9 58 8.5 +0.8
EWC iShares MSCI Canada ETF 0.7 50 17 7.7 -0.1
IFRA iShares U.S. Infrastructure ETF 0.7 30 37 6.3 -1.4
BBCA JPMorgan BetaBuilders Canada ETF 0.7 19 48 7.8 +0.1
FVD First Trust Value Line Dividend Index Fund 0.6 67 0 6.4 -1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -13 6.6 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 57 7.7 -0.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 5 62 7.7 -0.0
IJR iShares Core S&P Small Cap ETF 0.5 6 61 7.7 -0.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 52 7.8 +0.0
SLY SPDR S&P 600 Small Cap ETF 0.5 15 52 7.7 -0.1
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.5 19 48 8.2 +0.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.4 35 32 8.0 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 20 6.2 -1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.4 35 32 9.4 +1.6
IXP iShares Global Comm Services ETF 0.4 40 27 8.7 +0.9
FUTY Fidelity MSCI Utilities Index ETF 0.4 8 59 5.9 -1.9
VPU Vanguard Utilities Index Fund 0.4 10 57 5.9 -1.9
XRT SPDR S&P Retail ETF 0.3 35 32 5.4 -2.4
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 71 -4 12.0 +4.2
OSCV Opus Small Cap Value Plus ETF 0.3 79 -12 5.9 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 38 7.4 -0.4
SAGP Strategas Global Policy Opportunities ETF 0.3 65 2 7.4 -0.3
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 8 5.8 -1.9
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -28 2.5 -5.2
IWO iShares Russell 2000 Growth ETF 0.3 23 44 1.9 -5.8
VTWG Vanguard Russell 2000 Growth Index Fund 0.3 15 52 2.0 -5.7
SMDV ProShares Russell 2000 Dividend Growers ETF 0.3 41 26 6.4 -1.3
KOMP SPDR Kensho New Economies Composite ETF 0.3 20 47 0.7 -7.0
UFO Procure Space ETF 0.3 75 -8 2.3 -5.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.2 45 22 7.0 -0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.2 15 52 7.1 -0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 50 7.1 -0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.2 15 52 7.2 -0.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 28 8.8 +1.0
IFGL iShares International Developed Real Estate ETF 0.2 48 19 6.8 -0.9
RNSC Small Cap US Equity Select ETF 0.2 60 7 8.5 +0.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 6 8.4 +0.6
WPS iShares International Developed Property ETF 0.2 48 19 6.9 -0.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.2 40 27 7.3 -0.4
BTHM BlackRock Future U.S. Themes ETF 0.2 60 7 6.5 -1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.2 24 43 8.2 +0.4
ROSC Hartford Multifactor Small Cap ETF 0.2 34 33 10.9 +3.1
HAUZ Xtrackers International Real Estate ETF 0.1 10 57 8.0 +0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 55 9.7 +1.9
QINT American Century Quality Diversified International ETF 0.1 39 28 8.7 +0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.1 32 35 6.3 -1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 28 4.8 -3.0
ISZE iShares Edge MSCI Intl Size Factor ETF 0.1 30 37 6.4 -1.3
IUSS Invesco Strategic US Small Company ETF 0.1 23 44 6.5 -1.3
VYMI Vanguard International High Dividend Yield ETF 0.1 22 45 10.0 +2.2
FIDU Fidelity MSCI Industrials Index ETF 0.1 8 59 5.8 -1.9
VIS Vanguard Industrials Index Fund 0.1 10 57 5.5 -2.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 63 6.7 -1.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.1 30 37 7.5 -0.3
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 17 6.0 -1.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 37 7.2 -0.6
FLGR Franklin FTSE Germany ETF 0.1 9 58 7.4 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 28 7.8 +0.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.1 23 44 7.8 +0.1
SSLY Syntax Stratified SmallCap ETF 0.1 35 32 7.3 -0.5
PXUS Principal International Adaptive Multi-Factor ETF 0.1 24 43 7.4 -0.4
BKIE BNY Mellon International Equity ETF 0.1 4 63 7.4 -0.4
SCHF Schwab International Equity ETF 0.1 6 61 7.4 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 63 6.8 -0.9
HDV iShares Core High Dividend ETF 0.1 8 59 8.7 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 22 7.9 +0.1
VSGX Vanguard ESG International Stock ETF 0.1 12 55 7.0 -0.7
VEA Vanguard FTSE Developed Markets ETF 0.1 5 62 7.1 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 42 7.7 -0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 18 5.3 -2.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 54 3.0 -4.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 26 8.1 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 35 7.2 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 42 8.5 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 7 60 7.4 -0.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.0 35 32 8.5 +0.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 0.0 75 -8 7.8 +0.1
VXUS Vanguard Total International Stock ETF 0.0 7 60 7.3 -0.5
IXUS ishares Core MSCI Total International Stock ETF 0.0 7 60 7.1 -0.6
TPSC Timothy Plan US Small Cap Core ETF 0.0 52 15 8.3 +0.6
AVDE Avantis International Equity ETF 0.0 23 44 8.0 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 28 7.1 -0.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.0 30 37 8.9 +1.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 28 6.7 -1.1
IUSG iShares Core S&P US Growth ETF 0.0 4 63 6.4 -1.3
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 58 7.0 -0.7
VGK Vanguard FTSE Europe ETF 0.0 8 59 6.8 -0.9
SPEU SPDR Portfolio Europe ETF 0.0 9 58 6.6 -1.1
FLEH Franklin FTSE Europe Hedged ETF 0.0 9 58 8.9 +1.1
FLEE Franklin FTSE Europe ETF 0.0 9 58 7.1 -0.7
VCR Vanguard Consumer Discretionary Index Fund 0.0 10 57 5.6 -2.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.0 8 59 5.6 -2.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 31 36 8.5 +0.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 49 6.6 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.0 7 60 7.1 -0.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 44 7.0 -0.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF -0.0 39 28 7.5 -0.3
EES WisdomTree SmallCap Earnings Fund -0.0 38 29 10.2 +2.4
SVAL iShares US Small Cap Value Factor ETF -0.0 20 47 10.8 +3.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF -0.0 12 55 7.0 -0.8
AVSC Avantis U.S Small Cap Equity ETF -0.0 25 42 5.1 -2.6
CSML IQ Chaikin U.S. Small Cap ETF -0.1 35 32 5.7 -2.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF -0.1 40 27 7.2 -0.6
VBK Vanguard Small-Cap Growth Index Fund -0.1 7 60 1.4 -6.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF -0.1 15 52 7.5 -0.2
MDY SPDR S&P Midcap 400 ETF Trust -0.1 22 45 7.3 -0.5
IVOO Vanguard S&P Mid-Cap 400 ETF -0.1 10 57 7.5 -0.2
IJH iShares Core S&P Mid-Cap ETF -0.1 5 62 7.5 -0.3
SPMD SPDR Portfolio Mid Cap ETF -0.1 5 62 7.5 -0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF -0.1 25 42 6.4 -1.4
SMDY Syntax Stratified MidCap ETF -0.1 35 32 7.1 -0.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF -0.1 9 58 4.4 -3.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF -0.2 15 52 8.0 +0.3
IJJ iShares S&P Mid-Cap 400 Value ETF -0.2 18 49 7.8 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF -0.2 15 52 7.9 +0.1
DES WisdomTree U.S. SmallCap Dividend Fund -0.2 38 29 9.0 +1.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF -0.2 24 43 8.6 +0.8
IWN iShares Russell 2000 Value ETF -0.2 23 44 5.8 -2.0
VTWV Vanguard Russell 2000 Value Index Fund -0.2 15 52 5.9 -1.8
QABA First Trust NASDAQ ABA Community Bank Index Fund -0.2 60 7 9.5 +1.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx -0.2 36 31 8.9 +1.2
RWK Invesco S&P MidCap 400 Revenue ETF -0.2 39 28 9.4 +1.7
IWC iShares Micro-Cap ETF -0.2 60 7 -5.5 -13.3
ISMD Inspire Small/Mid Cap Impact ETF -0.2 48 19 6.3 -1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund -0.3 38 29 9.3 +1.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF -0.3 30 37 9.0 +1.3
KSCD KFA Small Cap Quality Dividend Index ETF -0.3 51 16 6.6 -1.1
JHSC John Hancock Multifactor Small Cap ETF -0.3 42 25 6.4 -1.4
DSMC Distillate Small/Mid Cash Flow ETF -0.3 55 12 12.0 +4.2
FNK First Trust Mid Cap Value AlphaDEX Fund -0.3 70 -3 11.8 +4.1
COWZ Pacer US Cash Cows 100 ETF -0.3 49 18 11.4 +3.6
RFV Invesco S&P Midcap 400 Pure Value ETF -0.3 35 32 9.6 +1.8
AFMC First Trust Active Factor Mid Cap ETF -0.3 65 2 9.0 +1.2
FNX First Trust Mid Cap Core AlphaDEX Fund -0.3 59 8 8.1 +0.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF -0.3 20 47 8.0 +0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund -0.3 61 6 7.8 +0.0
SOXX iShares PHLX Semiconductor ETF -0.3 40 27 7.7 -0.1
ITAN Sparkline Intangible Value ETF -0.3 50 17 7.6 -0.1
UVDV UVA Dividend Value ETF -0.3 80 -13 7.6 -0.2
XJH iShares ESG Screened S&P Mid-Cap ETF -0.3 12 55 7.5 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF -0.3 19 48 7.3 -0.5
VDNI V-Shares US Leadership Diversity ETF -0.3 29 38 6.8 -1.0
PEXL Pacer US Export Leaders ETF -0.3 60 7 6.6 -1.2
OALC OneAscent Large Cap Core ETF -0.3 76 -9 6.5 -1.3
FTEC Fidelity MSCI Information Technology Index ETF -0.3 8 59 6.1 -1.6
VGT Vanguard Information Technology Index Fund -0.3 10 57 6.1 -1.6
IYJ iShares U.S. Industrials ETF -0.3 39 28 6.0 -1.8
IGM iShares Expanded Tech Sector ETF -0.3 40 27 5.8 -1.9
SMMD iShares Russell 2500 ETF -0.3 15 52 5.8 -1.9
QTUM Defiance Quantum ETF -0.3 40 27 4.7 -3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF -0.3 75 -8 4.0 -3.8
TRFM AAM Transformers ETF -0.3 49 18 2.5 -5.3
QQQS Invesco NASDAQ Future Gen 200 ETF -0.3 20 47 -6.4 -14.1
PSC Principal U.S. Small Cap Index ETF -0.4 38 29 8.5 +0.8
IWM iShares Russell 2000 ETF -0.4 19 48 3.9 -3.9
VTWO Vanguard Russell 2000 Index Fund -0.4 10 57 4.0 -3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF -0.4 20 47 7.2 -0.6
GVLU Gotham 1000 Value ETF -0.5 50 17 10.1 +2.4
DGRO iShares Core Dividend Growth ETF -0.5 8 59 7.7 -0.1
BKSE BNY Mellon US Small Cap Core Equity ETF -0.5 4 63 5.6 -2.1
KBWR Invesco KBW Regional Banking ETF -0.5 35 32 9.6 +1.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF -0.5 25 42 9.6 +1.8
ROUS Hartford Multifactor US Equity ETF -0.5 19 48 8.1 +0.4
JSTC Adasina Social Justice All Cap Global ETF -0.5 89 -22 6.2 -1.5
QLV FlexShares US Quality Low Volatility Index Fund -0.5 22 45 6.2 -1.6
NUSC Nuveen ESG Small-Cap ETF -0.5 30 37 5.7 -2.1
ETHO Etho Climate Leadership U.S. ETF -0.5 47 20 4.6 -3.2
FAD First Trust Multi Cap Growth AlphaDEX Fund -0.5 63 4 3.6 -4.2
FNY First Trust Mid Cap Growth AlphaDEX Fund -0.5 70 -3 2.5 -5.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF -0.5 7 60 5.7 -2.1
BFOR Barron's 400 ETF -0.6 65 2 8.9 +1.1
AVUV Avantis U.S. Small Cap Value ETF -0.6 25 42 9.6 +1.8
DON WisdomTree U.S. MidCap Dividend Fund -0.6 38 29 8.5 +0.8
VB Vanguard Small-Cap ETF -0.6 5 62 5.6 -2.2
ISCG iShares Morningstar Small-Cap Growth ETF -0.6 6 61 1.3 -6.5
DFAS Dimensional U.S. Small Cap ETF -0.7 28 39 6.5 -1.2
ISCV iShares Morningstar Small Cap Value ETF -0.7 6 61 7.9 +0.2
VBR Vanguard Small Cap Value Index Fund -0.7 7 60 8.2 +0.5
EZM WisdomTree U.S. MidCap Earnings Fund -0.7 38 29 10.0 +2.2
DFSV Dimensional US Small Cap Value ETF -0.7 31 36 8.3 +0.6
SFYX Sofi Next 500 ETF -0.7 0 67 6.0 -1.7
SCHA Schwab U.S. Small-Cap ETF -0.8 4 63 5.1 -2.7
ISCB iShares Morningstar Small-Cap ETF -0.8 4 63 4.7 -3.1
VIG Vanguard Dividend Appreciation Index Fund -0.8 6 61 6.6 -1.2
PFM Invesco Dividend Achievers ETF -0.8 53 14 6.4 -1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock -0.8 21 46 4.5 -3.3
RNMC Mid Cap US Equity Select ETF -0.8 60 7 8.6 +0.9
SCHM Schwab U.S. Mid-Cap ETF -0.8 4 63 6.1 -1.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF -0.8 17 50 5.3 -2.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF -0.9 6 61 5.4 -2.4
FSMD Fidelity Small-Mid Factor ETF -0.9 29 38 8.3 +0.6
VXF Vanguard Extended Market Index Fund -0.9 6 61 3.7 -4.1
WKLY SoFi Weekly Dividend ETF -1.1 49 18 8.4 +0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF -1.1 12 55 6.3 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF -1.1 20 47 6.8 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF -1.2 9 58 6.3 -1.4
QWLD SPDR MSCI World StrategicFactors ETF -1.2 30 37 7.0 -0.7
TOK iShares MSCI Kokusai ETF -1.2 25 42 6.5 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF -1.2 9 58 6.6 -1.1
URTH iShares MSCI World ETF -1.2 24 43 6.6 -1.2
ACWI iShares MSCI ACWI ETF -1.2 32 35 6.6 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF -1.2 20 47 19.2 +11.4
VLUE iShares MSCI USA Value Factor ETF -1.2 15 52 12.5 +4.7
SPVU Invesco S&P 500 Enhanced Value ETF -1.2 13 54 11.6 +3.9
RDIV Invesco S&P Ultra Dividend Revenue ETF -1.2 39 28 11.3 +3.6
SPDV AAM S&P 500 High Dividend Value ETF -1.2 29 38 11.3 +3.6
USVT US Value ETF -1.2 49 18 11.2 +3.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF -1.2 60 7 10.9 +3.2
SPYD SPDR S&P 500 High Dividend ETF -1.2 7 60 10.8 +3.1
KBWB Invesco KBW Bank ETF -1.2 35 32 10.7 +3.0
FTXO First Trust Nasdaq Bank ETF -1.2 60 7 10.7 +3.0
NVQ QRAFT AI-Enhanced US Next Value ETF -1.2 75 -8 10.7 +2.9
FXO First Trust Financials AlphaDEX Fund -1.2 61 6 10.7 +2.9
VALQ American Century STOXX U.S. Quality Value ETF -1.2 29 38 10.3 +2.5
IAT iShares U.S. Regional Banks ETF -1.2 39 28 10.1 +2.3
ONEY SPDR Russell 1000 Yield Focus ETF -1.2 20 47 10.1 +2.3
HOMZ Hoya Capital Housing ETF -1.2 30 37 9.9 +2.2
RPV Invesco S&P 500 Pure Value ETF -1.2 35 32 9.7 +1.9
DEW WisdomTree Global High Dividend Fund -1.2 58 9 9.7 +1.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF -1.2 35 32 9.6 +1.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx -1.2 35 32 9.6 +1.9
FTA First Trust Large Cap Value AlphaDEX Fund -1.2 59 8 9.6 +1.8
FDL First Trust Morningstar Dividend Leaders Index Fund -1.2 45 22 9.5 +1.8
ACWF iShares MSCI Global Multifactor ETF -1.2 35 32 9.4 +1.7
ICAP InfraCap Equity Income Fund ETF -1.2 80 -13 9.2 +1.5
RNDV US Equity Dividend Select ETF -1.2 50 17 9.1 +1.4
REVS Columbia Research Enhanced Value ETF -1.2 19 48 9.1 +1.4
IXG iShares Global Financials ETF -1.2 40 27 9.1 +1.4
DVY iShares Select Dividend ETF -1.2 39 28 9.0 +1.3
RDVY First Trust Rising Dividend Achievers ETF -1.2 50 17 9.0 +1.2
NUMV Nuveen ESG Mid-Cap Value ETF -1.2 30 37 8.9 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF -1.2 24 43 8.4 +0.6
FUNL CornerCap Fundametrics Large-Cap ETF -1.2 50 17 8.3 +0.6
RYF Invesco S&P 500 Equal Weight Financials ETF -1.2 40 27 8.3 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF -1.2 18 49 8.3 +0.5
EQRR ProShares Equities for Rising Rates ETF -1.2 35 32 8.2 +0.5
IMCV iShares Morningstar Mid-Cap Value ETF -1.2 6 61 8.1 +0.4
XLF Financial Select Sector SPDR Fund -1.2 10 57 8.0 +0.3
VOE Vanguard Mid-Cap Value Index Fund -1.2 7 60 8.0 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF -1.2 35 32 7.8 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF -1.2 29 38 7.8 +0.1
KOCG FIS Knights of Columbus Global Belief ETF -1.2 75 -8 7.8 +0.1
IYF iShares U.S. Financials ETF -1.2 39 28 7.8 +0.0
VTV Vanguard Value Index Fund -1.2 4 63 7.7 -0.0
EPS WisdomTree U.S. Earnings 500 Fund -1.2 8 59 7.7 -0.0
ESGS Columbia Sustainable U.S. Equity Income ETF -1.2 35 32 7.6 -0.1
ILCV iShares Morningstar Value ETF -1.2 4 63 7.6 -0.2
SCHV Schwab U.S. Large-Cap Value ETF -1.2 4 63 7.5 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund -1.2 59 8 7.4 -0.3
HEET Hartford Schroders ESG US Equity ETF -1.2 39 28 7.4 -0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF -1.2 35 32 7.4 -0.4
RWL Invesco S&P 500 Revenue ETF -1.2 39 28 7.3 -0.5
RECS Columbia Research Enhanced Core ETF -1.2 15 52 7.3 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund -1.2 28 39 7.2 -0.6
QLC FlexShares US Quality Large Cap Index Fund -1.2 25 42 7.2 -0.6
RNLC Large Cap US Equity Select ETF -1.2 60 7 7.2 -0.6
SSPY Syntax Stratified LargeCap ETF -1.2 30 37 7.1 -0.7
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca -1.2 20 47 7.1 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF -1.2 9 58 7.0 -0.7
GSPY Gotham Enhanced 500 ETF -1.2 50 17 7.0 -0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF -1.2 35 32 7.0 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF -1.2 4 63 6.9 -0.9
QUS SPDR MSCI USA StrategicFactors ETF -1.2 15 52 6.9 -0.9
VOOV Vanguard S&P 500 Value ETF -1.2 10 57 6.8 -0.9
IVE iShares S&P 500 Value ETF -1.2 18 49 6.7 -1.0
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF -1.2 17 50 6.7 -1.0
JAVA JPMorgan Active Value ETF -1.2 44 23 6.7 -1.1
RSP Invesco S&P 500 Equal Weight ETF -1.2 20 47 6.6 -1.1
JHML John Hancock Multifactor Large Cap ETF -1.2 29 38 6.6 -1.1
QVML Invesco S&P 500 QVM Multi-factor ETF -1.2 11 56 6.6 -1.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF -1.2 10 57 6.6 -1.2
SHE SPDR SSGA Gender Diversity Index ETF -1.2 20 47 6.5 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF -1.2 9 58 6.5 -1.2
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF -1.2 15 52 6.5 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF -1.2 27 40 6.5 -1.3
VOO VANGUARD S&P 500 ETF -1.2 3 64 6.4 -1.3
IVV iShares Core S&P 500 ETF -1.2 3 64 6.4 -1.3
SPLG SPDR Portfolio S&P 500 ETF -1.2 3 64 6.4 -1.3
XVV iShares ESG Screened S&P 500 ETF -1.2 8 59 6.4 -1.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF -1.2 14 53 6.4 -1.4
IMCB iShares Morningstar Mid-Cap ETF -1.2 4 63 6.4 -1.4
BKMC BNY Mellon US Mid Cap Core Equity ETF -1.2 4 63 6.4 -1.4
YPS Arrow Reverse Cap 500 ETF -1.2 29 38 6.4 -1.4
DSI iShares MSCI KLD 400 Social ETF -1.2 25 42 6.4 -1.4
SFY SoFi Select 500 ETF -1.2 0 67 6.4 -1.4
SPY SPDR S&P 500 ETF Trust -1.2 9 58 6.4 -1.4
SUSL iShares ESG MSCI USA Leaders ETF -1.2 10 57 6.4 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF -1.2 10 57 6.3 -1.4
VOTE Engine No. 1 Transform 500 ETF -1.2 5 62 6.3 -1.4
VO Vanguard Mid-Cap Index Fund -1.2 4 63 6.3 -1.4
PBUS Invesco PureBeta MSCI USA ETF -1.2 4 63 6.3 -1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF -1.2 2 65 6.3 -1.5
ILCB iShares Morningstar U.S. Equity ETF -1.2 3 64 6.3 -1.5
VV Vanguard Large-Cap Index Fund -1.2 4 63 6.3 -1.5
SCHX Schwab U.S. Large-Cap ETF -1.2 3 64 6.3 -1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF -1.2 7 60 6.3 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF -1.2 27 40 6.3 -1.5
STRV Strive 500 ETF -1.2 5 62 6.3 -1.5
USXF iShares ESG Advanced MSCI USA ETF -1.2 10 57 6.2 -1.5
EUSA iShares MSCI USA Equal Weighted ETF -1.2 9 58 6.2 -1.6
CATH Global X S&P 500 Catholic Values Custom ETF -1.2 29 38 6.1 -1.6
VEGN US Vegan Climate ETF -1.2 60 7 6.0 -1.7
IQSU IQ Candriam ESG US Equity ETF -1.2 9 58 6.0 -1.8
SPXV ProShares S&P 500 Ex-Health Care ETF -1.2 27 40 5.9 -1.8
SIZE iShares MSCI USA Size Factor ETF -1.2 15 52 5.9 -1.8
ACVF American Conservative Values ETF -1.2 75 -8 5.5 -2.3
FCTR First Trust Lunt U.S. Factor Rotation ETF -1.2 65 2 5.4 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund -1.4 69 -2 10.7 +2.9
VLU SPDR S&P 1500 Value Tilt ETF -1.5 12 55 8.2 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF -1.5 12 55 6.5 -1.3
SPTM SPDR Portfolio Total Stock Market ETF -1.5 3 64 6.5 -1.2
DHS WisdomTree U.S. High Dividend Fund -1.5 38 29 8.3 +0.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF -1.5 11 56 6.2 -1.5
IUSV iShares Core S&P U.S. Value ETF -1.5 4 63 7.0 -0.8
JVAL JPMorgan U.S. Value Factor ETF -1.5 12 55 9.2 +1.4
ONEO SPDR Russell 1000 Momentum Focus ETF -1.5 20 47 8.4 +0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF -1.5 17 50 8.0 +0.3
HKND Humankind US Stock ETF -1.5 11 56 7.8 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF -1.5 25 42 7.7 -0.0
VONV Vanguard Russell 1000 Value Index Fund -1.5 8 59 7.4 -0.3
IWD iShares Russell 1000 Value ETF -1.5 18 49 7.3 -0.5
IWS iShares Russell Mid-Cap Value ETF -1.5 23 44 7.0 -0.7
EQAL Invesco Russell 1000 Equal Weight ETF -1.5 20 47 6.4 -1.3
VONE Vanguard Russell 1000 ETF -1.5 8 59 6.2 -1.5
IWB iShares Russell 1000 ETF -1.5 15 52 6.1 -1.6
IWR iShares Russell Midcap ETF -1.5 18 49 6.1 -1.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF -1.5 29 38 5.7 -2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF -1.7 29 38 7.7 -0.0
VYM Vanguard High Dividend Yield Index ETF -1.7 6 61 8.0 +0.3
KBE SPDR S&P Bank ETF -1.7 35 32 10.7 +2.9
HLGE Hartford Longevity Economy ETF -1.7 44 23 8.2 +0.5
DIVB iShares Core Dividend -1.7 5 62 8.1 +0.3
IYG iShares US Financial Services ETF -1.7 39 28 7.9 +0.1
FLDZ RiverNorth Volition America Patriot ETF -1.7 70 -3 5.6 -2.1
VFVA Vanguard U.S. Value Factor ETF -1.7 13 54 11.7 +3.9
KRE SPDR S&P Regional Banking ETF -1.8 35 32 10.1 +2.4
FNCL Fidelity MSCI Financials Index ETF -2.0 8 59 8.5 +0.7
VFH Vanguard Financials Index Fund -2.0 10 57 8.5 +0.7
VT Vanguard Total World Stock ETF -2.0 7 60 6.7 -1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF -2.0 25 42 7.6 -0.2
PRF Invesco FTSE RAFI US 1000 ETF -2.0 39 28 7.6 -0.2
SCHK Schwab 1000 Index ETF -2.0 5 62 6.2 -1.5
IYY iShares Dow Jones U.S. ETF -2.0 20 47 6.1 -1.7
JHMM John Hancock Multifactor Mid Cap ETF -2.0 41 26 7.3 -0.5
ESGV Vanguard ESG U.S. Stock ETF -2.0 9 58 6.2 -1.5
DFAT Dimensional U.S. Targeted Value ETF -2.2 29 38 8.5 +0.7
DFAC Dimensional U.S. Core Equity 2 ETF -2.2 19 48 6.8 -1.0
AVUS Avantis U.S. Equity ETF -2.2 15 52 7.0 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund -2.3 25 42 6.5 -1.2
DTD WisdomTree U.S.Total Dividend Fund -2.3 28 39 7.4 -0.4
DFAU Dimensional US Core Equity Market ETF -2.3 12 55 6.4 -1.4
SCHB Schwab U.S. Broad Market ETF -2.3 3 64 6.1 -1.6
DFUS Dimensional U.S. Equity ETF -2.3 11 56 6.3 -1.5
VTHR Vanguard Russell 3000 Index Fund -2.3 10 57 6.0 -1.7
VTI Vanguard Total Stock Market Index Fund -2.3 3 64 6.0 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF -2.3 3 64 6.0 -1.8
IWV iShares Russell 3000 ETF -2.3 20 47 5.9 -1.8
DFUV Dimensional US Marketwide Value ETF -2.3 23 44 8.4 +0.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.0 60 7 9.8 +2.1
FTXL First Trust Nasdaq Semiconductor ETF 0.0 60 7 9.0 +1.2
LYFE 2nd Vote Life Neutral Plus ETF 0.0 75 -8 8.0 +0.3
FXL First Trust Technology AlphaDEX Fund 0.0 61 6 7.9 +0.1
EGIS 2nd Vote Society Defended ETF 0.0 75 -8 7.3 -0.4
FIVG Defiance Next Gen Connectivity ETF 0.0 30 37 6.8 -1.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.0 68 -1 4.7 -3.1
TMFX Motley Fool Next Index ETF 0.0 50 17 3.7 -4.0

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 67 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.75 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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