AltShares Merger Arbitrage ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 24.8x 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) $82
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) $8,874
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 4.6 %
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 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.3% 5.5% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.06 7%
MSCI EAFE 0.05 5%
MSCI Emg. Mkts. -0.03 2%

Technical Indicators
Recent close $28.28
30d moving avg. $28.12
Annualized volatility 3.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $5,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 662 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™: 3.9%


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 14.4 40 37 6.4 +2.5
RSPC Invesco S&P 500 Equal Weight Communication Services ETF 8.2 40 37 5.7 +1.7
XTL SPDR S&P Telecom ETF 7.6 35 42 2.5 -1.4
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 6.0 75 2 5.8 +1.9
SHRY First Trust Bloomberg Shareholder Yield ETF 5.6 60 17 7.9 +4.0
AUSF Global X Adaptive U.S. Factor ETF 4.8 27 50 9.3 +5.4
HAPY Harbor Human Capital Factor Unconstrained ETF 4.2 50 27 5.7 +1.8
WTV WisdomTree US Value Fund of Benef Interest 4.2 12 65 9.3 +5.4
GVIP Goldman Sachs Hedge Industry VIP ETF 4.2 45 32 3.4 -0.5
IVEG iShares Emergent Food and AgTech Multisector ETF 3.8 47 30 9.0 +5.0
HAPS Harbor Human Capital Factor US Small Cap ETF 3.7 60 17 4.3 +0.3
XLC Communication Services Select Sector SPDR Fund 3.7 8 69 5.3 +1.4
YALL God Bless America ETF 3.7 65 12 3.7 -0.2
TOGA Tremblant Global ETF 3.7 69 8 1.7 -2.2
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 3.4 41 36 5.3 +1.4
IHAK iShares Cybersecurity & Tech ETF 3.4 47 30 3.5 -0.4
CNRG SPDR S&P Kensho Clean Power ETF 3.2 45 32 0.6 -3.3
VOX Vanguard Communication Services ETF 3.1 10 67 5.0 +1.0
NUMV Nuveen ESG Mid-Cap Value ETF 3.0 31 46 7.1 +3.1
EQAL Invesco Russell 1000 Equal Weight ETF 3.0 20 57 7.1 +3.1
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.9 40 37 5.6 +1.7
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 2.9 65 12 5.2 +1.3
FCOM Fidelity MSCI Communication Services Index ETF 2.9 8 69 5.0 +1.1
FPAG FPA Global Equity ETF 2.6 49 28 6.1 +2.1
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.6 40 37 6.8 +2.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.6 24 53 8.2 +4.3
PRNT 3D Printing ETF 2.6 66 11 1.4 -2.5
ARTY iShares Future AI & Tech ETF 2.6 47 30 3.6 -0.3
IVRS iShares Future Metaverse Tech and Communications ETF 2.6 47 30 2.8 -1.1
BULD Pacer BlueStar Engineering the Future ETF 2.6 60 17 1.6 -2.3
INCE Franklin Income Equity Focus ETF 2.5 29 48 5.7 +1.8
SVAL iShares US Small Cap Value Factor ETF 2.5 20 57 11.2 +7.3
NIXT Research Affiliates Deletions ETF 2.4 9 68 5.8 +1.9
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 9 8.3 +4.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 20 3.9 -0.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.2 20 57 4.2 +0.3
PSC Principal U.S. Small-Cap ETF 2.2 38 39 7.0 +3.1
KRE SPDR S&P Regional Banking ETF 2.2 35 42 10.2 +6.3
IBOT Vaneck Robotics ETF 2.2 47 30 4.7 +0.8
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.1 40 37 6.2 +2.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.1 58 19 4.0 +0.1
SMRI Bushido Capital US Equity ETF 2.1 71 6 9.5 +5.6
IWS iShares Russell Mid-Cap Value ETF 2.1 23 54 6.9 +3.0
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 2.1 48 29 8.3 +4.3
IJJ iShares S&P Mid-Cap 400 Value ETF 2.1 18 59 9.2 +5.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.1 35 42 4.2 +0.3
AIVC Amplify Bloomberg AI Value Chain ETF 2.1 59 18 6.5 +2.6
MDYV SPDR S&P 400 Mid Cap Value ETF 2.0 15 62 9.2 +5.3
PEXL Pacer US Export Leaders ETF 2.0 60 17 5.0 +1.1
XMLV Invesco S&P MidCap Low Volatility ETF 2.0 25 52 7.8 +3.9
USRD Themes US R&D Champions ETF 2.0 29 48 5.0 +1.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.0 15 62 9.2 +5.3
IDAT iShares Future Cloud 5G and Tech ETF 2.0 47 30 5.0 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.0 18 59 7.8 +3.9
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 38 10.0 +6.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.0 15 62 6.1 +2.2
NUMG Nuveen ESG Mid-Cap Growth ETF 2.0 31 46 2.5 -1.4
GOP Unusual Whales Subversive Republican Trading ETF 2.0 50 27 6.1 +2.2
DFAT Dimensional U.S. Targeted Value ETF 1.9 28 49 10.0 +6.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.9 20 57 7.6 +3.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.9 60 17 4.2 +0.3
KBE SPDR S&P Bank ETF 1.9 35 42 9.9 +6.0
KROP Global X AgTech & Food Innovation ETF 1.9 50 27 6.3 +2.4
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 48 6.1 +2.2
FOVL iShares Focused Value Factor ETF 1.9 25 52 10.1 +6.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.8 60 17 2.3 -1.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.8 49 28 3.8 -0.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.8 18 59 5.6 +1.7
FXZ First Trust Materials AlphaDEX Fund 1.8 61 16 11.5 +7.5
SLX VanEck Steel ETF 1.8 56 21 16.7 +12.8
RFV Invesco S&P Midcap 400 Pure Value ETF 1.8 35 42 14.0 +10.1
XME SPDR S&P Metals & Mining ETF 1.8 35 42 9.8 +5.9
SSPY Syntax Stratified LargeCap ETF 1.8 30 47 6.7 +2.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.8 6 71 8.4 +4.5
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 12 6.4 +2.5
JHSC John Hancock Multifactor Small Cap ETF 1.8 42 35 7.0 +3.1
IYM iShares U.S. Basic Materials ETF 1.8 40 37 6.9 +3.0
VAMO Cambria Value & Momentum ETF 1.8 61 16 6.7 +2.8
HAIL SPDR S&P Kensho Smart Mobility ETF 1.8 45 32 2.6 -1.3
SIXG Defiance Connective Technologies ETF 1.7 30 47 4.2 +0.3
FLDZ RiverNorth Patriot ETF 1.7 75 2 5.8 +1.9
GGME Invesco Next Gen Media and Gaming ETF 1.7 60 17 4.5 +0.6
SIXL ETC 6 Meridian Low Beta Equity ETF 1.7 80 -3 6.1 +2.2
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 71 9.7 +5.8
PWV Invesco Large Cap Value ETF 1.7 55 22 7.5 +3.6
SPGP Invesco S&P 500 GARP ETF 1.7 34 43 9.5 +5.5
FITE SPDR S&P Kensho Future Security ETF 1.6 45 32 2.3 -1.6
JHMM John Hancock Multifactor Mid Cap ETF 1.6 42 35 6.5 +2.6
SURE AdvisorShares Insiders Advantage ETF 1.6 90 -13 9.9 +6.0
EVUS iShares ESG Aware MSCI USA Value ETF 1.6 18 59 6.9 +3.0
IWR iShares Russell Midcap ETF 1.6 19 58 5.9 +2.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.6 40 37 7.2 +3.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 1.6 60 17 9.1 +5.2
KBWR Invesco KBW Regional Banking ETF 1.6 35 42 9.8 +5.8
SMCF Themes US Small Cap Cash Flow Champions ETF 1.6 29 48 13.2 +9.3
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.5 40 37 6.8 +2.9
QDIV Global X S&P 500 Quality Dividend ETF 1.5 20 57 8.5 +4.6
SMOT VanEck Morningstar SMID Moat ETF 1.5 49 28 6.9 +3.0
VOE Vanguard Mid-Cap Value ETF 1.5 7 70 7.8 +3.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 28 12.3 +8.4
GURU Global X Guru Index ETF 1.5 75 2 4.1 +0.2
IAT iShares U.S. Regional Banks ETF 1.5 40 37 9.9 +5.9
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 52 10.5 +6.6
DFSV Dimensional US Small Cap Value ETF 1.5 31 46 10.8 +6.9
BFOR ALPS Barron's 400 ETF 1.5 65 12 6.1 +2.1
KNCT Invesco Next Gen Connectivity ETF 1.5 40 37 5.2 +1.3
NUDV Nuveen ESG Dividend ETF 1.5 26 51 7.5 +3.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.5 27 50 7.0 +3.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.4 60 17 3.8 -0.1
SUSA iShares MSCI USA ESG Select ETF 1.4 25 52 4.9 +1.0
WLDR Affinity World Leaders Equity ETF 1.4 67 10 7.9 +4.0
IFRA iShares U.S. Infrastructure ETF 1.4 30 47 6.5 +2.6
QTUM Defiance Quantum ETF 1.4 40 37 6.6 +2.7
USMF WisdomTree U.S. Multifactor Fund 1.4 28 49 6.7 +2.8
EBI Longview Advantage ETF 1.4 35 42 6.9 +2.9
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 73 6.1 +2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 70 6.3 +2.4
TMAT Main Thematic Innovation ETF 1.4 164 -87 -1.5 -5.4
FVD First Trust Value Line Dividend Index Fund 1.4 65 12 6.2 +2.3
XLP Consumer Staples Select Sector SPDR Fund 1.4 8 69 5.8 +1.9
VBR Vanguard Small Cap Value ETF 1.3 7 70 9.4 +5.5
VTWV Vanguard Russell 2000 Value ETF 1.3 15 62 8.1 +4.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.3 60 17 10.1 +6.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 73 6.3 +2.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 17 6.2 +2.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.3 15 62 7.5 +3.6
RWK Invesco S&P MidCap 400 Revenue ETF 1.3 39 38 9.8 +5.9
IWN iShares Russell 2000 Value ETF 1.3 24 53 8.1 +4.2
FSMD Fidelity Small-Mid Multifactor ETF 1.3 15 62 7.3 +3.3
ITAN Sparkline Intangible Value ETF 1.2 50 27 6.5 +2.6
MDY SPDR S&P Midcap 400 ETF Trust 1.2 24 53 7.4 +3.5
SCHA Schwab U.S. Small-Cap ETF 1.2 4 73 6.5 +2.5
IJH iShares Core S&P Mid-Cap ETF 1.2 5 72 7.6 +3.7
ONEY SPDR Russell 1000 Yield Focus ETF 1.2 20 57 9.8 +5.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.2 15 62 8.2 +4.3
USMV iShares MSCI USA Min Vol Factor ETF 1.2 15 62 5.5 +1.6
NXTG First Trust Indxx NextG ETF 1.2 70 7 5.6 +1.7
STXM Strive Mid-Cap ETF 1.2 18 59 6.5 +2.6
VO Vanguard Mid-Cap ETF 1.2 4 73 5.9 +2.0
XPND First Trust Expanded Technology ETF 1.2 65 12 4.1 +0.1
IQM Franklin Intelligent Machines ETF 1.2 50 27 2.3 -1.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 2 3.1 -0.8
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -4 3.1 -0.8
ACVF American Conservative Values ETF 1.2 75 2 4.5 +0.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.2 3 74 7.6 +3.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.2 10 67 7.6 +3.7
XJH iShares ESG Screened S&P Mid-Cap ETF 1.2 12 65 7.3 +3.4
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -12 4.5 +0.6
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.2 60 17 10.1 +6.2
STXK Strive Small-Cap ETF 1.2 18 59 6.4 +2.5
CLOD Themes Cloud Computing ETF 1.2 35 42 3.0 -1.0
EQWL Invesco S&P 100 Equal Weight ETF 1.1 25 52 6.2 +2.3
DRUP GraniteShares Nasdaq Select Disruptors ETF 1.1 60 17 4.1 +0.2
ISCB iShares Morningstar Small-Cap ETF 1.1 4 73 6.3 +2.4
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 73 6.9 +3.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 2 3.2 -0.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.1 39 38 6.1 +2.2
VB Vanguard Small-Cap ETF 1.1 5 72 6.3 +2.4
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 17 10.0 +6.1
TTAC FCF US Quality ETF 1.1 59 18 6.2 +2.3
USCF Themes US Cash Flow Champions ETF 1.1 29 48 9.1 +5.2
LGCF Themes US Cash Flow Champions ETF 1.1 30 47 8.5 +4.6
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 37 7.5 +3.6
ISMD Inspire Small/Mid Cap ETF 1.1 54 23 6.1 +2.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.1 39 38 -1.2 -5.1
BBCA JPMorgan BetaBuilders Canada ETF 1.1 19 58 6.8 +2.9
FLCA Franklin FTSE Canada ETF 1.1 9 68 6.9 +3.0
EWC iShares MSCI Canada ETF 1.1 50 27 6.5 +2.6
ROE Astoria US Quality Kings ETF 1.1 49 28 6.7 +2.8
IGPT Invesco AI and Next Gen Software ETF 1.1 60 17 4.8 +0.9
AVSC Avantis U.S Small Cap Equity ETF 1.1 25 52 6.3 +2.4
RSP Invesco S&P 500 Equal Weight ETF 1.1 20 57 6.5 +2.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.1 17 60 6.1 +2.2
SFYX SoFi Next 500 ETF 1.1 0 77 5.9 +1.9
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.1 43 34 6.3 +2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 38 14.0 +10.1
BGRO iShares Large Cap Growth Active ETF 1.0 55 22 3.2 -0.7
TAX Cambria Tax Aware ETF 1.0 49 28 5.2 +1.3
PY Principal Value ETF 1.0 15 62 7.4 +3.5
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 47 8.2 +4.3
GVLU Gotham 1000 Value ETF 1.0 50 27 9.1 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 1.0 6 71 4.1 +0.2
EZM WisdomTree U.S. MidCap Fund 1.0 38 39 9.4 +5.5
ETHO Etho Climate Leadership U.S. ETF 1.0 47 30 5.6 +1.7
IYK iShares U.S. Consumer Staples ETF 1.0 40 37 6.1 +2.1
DFAS Dimensional U.S. Small Cap ETF 1.0 26 51 6.8 +2.9
IGV iShares Expanded Tech-Software Sector ETF 1.0 41 36 2.7 -1.2
DTEC ALPS Disruptive Technologies ETF 1.0 50 27 3.8 -0.1
DFLV Dimensional US Large Cap Value ETF 1.0 22 55 8.2 +4.3
DFUV Dimensional US Marketwide Value ETF 1.0 22 55 8.0 +4.0
RPG Invesco S&P 500 Pure Growth ETF 1.0 35 42 3.3 -0.6
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.0 12 65 5.6 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 57 6.1 +2.2
EUSA iShares MSCI USA Equal Weighted ETF 0.9 9 68 6.2 +2.3
SIZE iShares MSCI USA Size Factor ETF 0.9 15 62 5.9 +2.0
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 32 6.2 +2.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 52 8.2 +4.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.9 20 57 7.1 +3.1
IXP iShares Global Comm Services ETF 0.9 42 35 6.3 +2.4
VTWO Vanguard Russell 2000 ETF 0.9 10 67 4.7 +0.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.9 20 57 5.0 +1.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.9 25 52 7.4 +3.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.9 25 52 7.4 +3.5
IYG iShares US Financial Services ETF 0.9 40 37 5.5 +1.6
CGGR Capital Group Growth ETF 0.9 39 38 3.4 -0.6
RSSL Global X Russell 2000 ETF 0.9 8 69 4.7 +0.8
IWM iShares Russell 2000 ETF 0.9 19 58 4.7 +0.8
VDC Vanguard Consumer Staples ETF 0.9 10 67 5.5 +1.6
XMVM Invesco S&P MidCap Value with Momentum ETF 0.9 39 38 9.8 +5.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 73 6.3 +2.4
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 60 7.0 +3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.9 29 48 6.6 +2.7
SPHB Invesco S&P 500 High Beta ETF 0.9 25 52 4.9 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.9 20 57 5.8 +1.9
STXV Strive 1000 Value ETF 0.9 18 59 8.3 +4.4
FDMO Fidelity Momentum Factor ETF 0.8 15 62 3.9 -0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 48 8.9 +5.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 30 5.8 +1.8
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.8 8 69 5.5 +1.6
ESGU iShares ESG Aware MSCI USA ETF 0.8 15 62 5.0 +1.1
NUSC Nuveen ESG Small-Cap ETF 0.8 31 46 5.6 +1.7
IYF iShares U.S. Financials ETF 0.8 40 37 6.1 +2.2
PSCF Invesco S&P SmallCap Financials ETF 0.8 29 48 9.7 +5.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 41 12.3 +8.4
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 38 7.1 +3.2
VBK Vanguard Small-Cap Growth ETF 0.8 7 70 1.9 -2.0
VXF Vanguard Extended Market ETF 0.8 6 71 5.0 +1.1
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 65 7.8 +3.9
VOT Vanguard Mid-Cap Growth ETF 0.8 7 70 3.6 -0.3
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 55 5.7 +1.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 16 9.3 +5.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 68 6.2 +2.3
HWAY Themes US Infrastructure ETF 0.8 29 48 6.7 +2.8
DON WisdomTree U.S. MidCap Dividend Fund 0.8 38 39 8.9 +5.0
OALC OneAscent Large Cap Core ETF 0.8 86 -9 4.3 +0.4
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 25 7.1 +3.2
BIBL Inspire 100 ETF 0.8 35 42 5.3 +1.4
PAVE Global X U.S. Infrastructure Development ETF 0.8 47 30 5.7 +1.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.8 20 57 5.7 +1.8
USXF iShares ESG Advanced MSCI USA ETF 0.8 10 67 4.8 +0.9
SMMD iShares Russell 2500 ETF 0.8 15 62 6.6 +2.7
FLRG Fidelity U.S. Multifactor ETF 0.8 15 62 7.0 +3.1
FMET Fidelity Metaverse ETF 0.8 39 38 5.2 +1.3
DIHP Dimensional International High Profitability ETF 0.8 29 48 7.3 +3.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.8 49 28 4.3 +0.4
IUS Invesco RAFI Strategic US ETF 0.8 19 58 6.9 +3.0
FTXO First Trust Nasdaq Bank ETF 0.8 60 17 9.3 +5.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 52 6.0 +2.1
VAW Vanguard Materials ETF 0.7 10 67 6.5 +2.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 38 6.7 +2.8
MAGA Point Bridge America First ETF 0.7 72 5 6.0 +2.1
GQQQ Astoria US Quality Growth Kings ETF 0.7 35 42 4.9 +1.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 62 5.4 +1.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 37 3.8 -0.1
VIGI Vanguard International Dividend Appreciation ETF 0.7 15 62 6.2 +2.3
VFH Vanguard Financials ETF 0.7 10 67 6.5 +2.6
EGUS iShares ESG Aware MSCI USA Growth ETF 0.7 18 59 4.2 +0.3
XSW SPDR S&P Software & Services ETF 0.7 35 42 1.8 -2.1
DFVX Dimensional US Large Cap Vector ETF 0.7 22 55 6.5 +2.6
SPVU Invesco S&P 500 Enhanced Value ETF 0.7 13 64 10.2 +6.3
VONV Vanguard Russell 1000 Value ETF 0.7 8 69 6.7 +2.8
IWD iShares Russell 1000 Value ETF 0.7 19 58 6.6 +2.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 53 8.0 +4.1
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 40 6.2 +2.3
DSMC Distillate Small/Mid Cash Flow ETF 0.7 55 22 13.5 +9.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.7 17 60 5.8 +1.9
NULC Nuveen ESG Large-Cap ETF 0.7 21 56 4.9 +1.0
XMMO Invesco S&P MidCap Momentum ETF 0.7 34 43 5.5 +1.6
XLF Financial Select Sector SPDR Fund 0.7 8 69 5.8 +1.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 65 6.7 +2.8
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -3 12.6 +8.7
MTUM iShares MSCI USA Momentum Factor ETF 0.7 15 62 3.6 -0.3
IXG iShares Global Financials ETF 0.7 42 35 6.8 +2.9
JHML John Hancock Multifactor Large Cap ETF 0.7 29 48 5.5 +1.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 25 4.1 +0.2
FNCL Fidelity MSCI Financials Index ETF 0.7 8 69 6.4 +2.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 57 3.5 -0.5
UIVM VictoryShares International Value Momentum ETF 0.6 35 42 9.6 +5.7
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 62 6.3 +2.3
RWL Invesco S&P 500 Revenue ETF 0.6 39 38 6.9 +3.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.6 47 30 9.8 +5.9
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 51 6.4 +2.4
FVAL Fidelity Value Factor ETF 0.6 15 62 7.2 +3.3
FMAT Fidelity MSCI Materials Index ETF 0.6 8 69 6.5 +2.6
HKND Humankind US Stock ETF 0.6 11 66 7.4 +3.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 71 2.9 -1.0
KXI iShares Global Consumer Staples ETF 0.6 41 36 5.4 +1.5
FTA First Trust Large Cap Value AlphaDEX Fund 0.6 59 18 9.3 +5.4
QUS SPDR MSCI USA StrategicFactors ETF 0.6 15 62 5.8 +1.9
ZAP Global X U.S. Electrification ETF 0.6 50 27 4.5 +0.6
DURA VanEck Durable High Dividend ETF 0.6 29 48 8.7 +4.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 62 9.4 +5.5
WCEO Hypatia Women CEO ETF 0.6 85 -8 4.8 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 0.6 10 67 5.1 +1.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 62 6.5 +2.6
QQQ Invesco QQQ Trust Series I 0.6 20 57 4.2 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 68 6.1 +2.2
QQQM Invesco NASDAQ 100 ETF 0.6 15 62 4.3 +0.4
FDN First Trust Dow Jones Internet Index Fund 0.6 52 25 3.2 -0.7
FDND FT Vest Dow Jones Internet & Target Income ETF 0.6 75 2 3.0 -0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.6 32 45 6.0 +2.0
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 57 4.3 +0.4
SHE SPDR MSCI USA Gender Diversity ETF 0.6 20 57 5.1 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 0.6 25 52 6.6 +2.7
FDL First Trust Morningstar Dividend Leaders Index Fund 0.6 45 32 9.5 +5.6
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 62 8.0 +4.1
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 59 10.5 +6.6
LST Leuthold Select Industries ETF 0.5 91 -14 5.6 +1.7
KRMA Global X Conscious Companies ETF 0.5 43 34 5.9 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 68 5.4 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 67 5.1 +1.2
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 12 4.5 +0.6
FYT First Trust Small Cap Value AlphaDEX Fund 0.5 73 4 11.6 +7.7
DIVB iShares Core Dividend ETF 0.5 5 72 7.9 +3.9
DCOR Dimensional US Core Equity 1 ETF 0.5 14 63 5.6 +1.7
XT iShares Exponential Technologies ETF 0.5 46 31 5.6 +1.7
RCGE RockCreek Global Equality ETF 0.5 95 -18 6.4 +2.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 15 62 10.5 +6.6
DFSU Dimensional US Sustainability Core 1 ETF 0.5 18 59 5.6 +1.7
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 62 10.5 +6.6
VTV Vanguard Value ETF 0.5 4 73 7.1 +3.2
VEGN US Vegan Climate ETF 0.5 60 17 4.6 +0.7
FTEC Fidelity MSCI Information Technology Index ETF 0.5 8 69 4.3 +0.4
VYM Vanguard High Dividend Yield Index ETF 0.5 6 71 7.4 +3.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 65 4.7 +0.8
DFAU Dimensional US Core Equity Market ETF 0.5 12 65 5.3 +1.4
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 57 6.6 +2.7
FCPI Fidelity Stocks for Inflation ETF 0.5 15 62 7.6 +3.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.5 35 42 7.1 +3.2
ROUS Hartford Multifactor US Equity ETF 0.5 19 58 7.2 +3.3
XLK Technology Select Sector SPDR Fund 0.5 8 69 4.8 +0.9
TRFK Pacer Data and Digital Revolution ETF 0.5 60 17 3.5 -0.4
FUNL CornerCap Fundametrics Large-Cap ETF 0.5 50 27 7.5 +3.6
IUSV iShares Core S&P US Value ETF 0.5 4 73 6.7 +2.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 47 5.5 +1.6
CALF Pacer US Small Cap Cash Cows 100 ETF 0.5 59 18 11.5 +7.6
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 52 5.5 +1.6
AVIV Avantis International Large Cap Value ETF 0.5 25 52 9.1 +5.2
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 47 6.2 +2.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 42 8.1 +4.2
PTL Inspire 500 ETF 0.4 9 68 5.5 +1.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 60 6.0 +2.1
AVUS Avantis U.S. Equity ETF 0.4 15 62 6.1 +2.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 15 62 6.0 +2.1
SDY SPDR S&P Dividend ETF 0.4 35 42 6.5 +2.6
FESM Fidelity Enhanced Small Cap ETF 0.4 28 49 8.1 +4.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 62 6.0 +2.1
FMDE Fidelity Enhanced Mid Cap ETF 0.4 23 54 5.9 +2.0
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.4 19 58 5.3 +1.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 56 4.0 +0.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 42 11.4 +7.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 42 5.3 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 57 5.3 +1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 10 10.5 +6.6
INRO iShares U.S. Industry Rotation Active ETF 0.4 42 35 4.9 +1.0
DSPY Tema S&P 500 Historical Weight ETF 0.4 18 59 5.3 +1.4
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 42 5.1 +1.2
VGT Vanguard Information Technology ETF 0.4 10 67 4.3 +0.4
ILCV iShares Morningstar Value ETF 0.4 4 73 6.8 +2.9
DSI iShares MSCI KLD 400 Social ETF 0.4 25 52 5.1 +1.2
IVE iShares S&P 500 Value ETF 0.4 18 59 6.4 +2.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 73 6.5 +2.6
VOOV Vanguard S&P 500 Value ETF 0.4 10 67 6.5 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 53 6.6 +2.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 57 6.7 +2.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.4 15 62 5.1 +1.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 66 5.3 +1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 65 5.3 +1.4
VTI Vanguard Total Stock Market ETF 0.4 3 74 5.1 +1.2
SCHB Schwab U.S. Broad Market ETF 0.4 3 74 5.2 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 74 5.1 +1.2
EQIN Columbia US Equity Income ETF 0.4 35 42 7.0 +3.1
TPIF Timothy Plan International ETF 0.4 62 15 6.4 +2.5
DGRO iShares Core Dividend Growth ETF 0.4 8 69 6.6 +2.7
IWV iShares Russell 3000 ETF 0.4 20 57 5.0 +1.1
VTHR Vanguard Russell 3000 ETF 0.4 10 67 5.1 +1.2
IYY iShares Dow Jones U.S. ETF 0.4 20 57 5.0 +1.1
SCHK Schwab 1000 Index ETF 0.4 5 72 5.3 +1.3
VSLU Applied Finance Valuation Large Cap ETF 0.4 49 28 5.8 +1.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 68 5.0 +1.0
JAVA JPMorgan Active Value ETF 0.4 44 33 6.6 +2.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.4 3 74 5.4 +1.5
VLUE iShares MSCI USA Value Factor ETF 0.4 15 62 10.2 +6.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 18 7.4 +3.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 48 4.9 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 62 4.8 +0.9
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 35 4.7 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 73 6.9 +3.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 2 5.3 +1.4
IWB iShares Russell 1000 ETF 0.3 15 62 5.1 +1.2
VONE Vanguard Russell 1000 ETF 0.3 8 69 5.2 +1.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 67 4.5 +0.6
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 65 8.6 +4.7
XVV iShares ESG Screened S&P 500 ETF 0.3 8 69 5.1 +1.1
GSPY Gotham Enhanced 500 ETF 0.3 50 27 5.5 +1.6
EES WisdomTree U.S. SmallCap Fund 0.3 38 39 9.3 +5.4
VALQ American Century U.S. Quality Value ETF 0.3 29 48 7.7 +3.8
HAP VanEck Natural Resources ETF 0.3 50 27 10.1 +6.2
IGM iShares Expanded Tech Sector ETF 0.3 41 36 4.2 +0.3
DEW WisdomTree Global High Dividend Fund 0.3 58 19 8.8 +4.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 45 5.1 +1.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 66 5.1 +1.2
AVSD Avantis Responsible International Equity ETF 0.3 23 54 5.9 +1.9
IWO iShares Russell 2000 Growth ETF 0.3 24 53 1.4 -2.5
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 62 1.5 -2.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 65 4.6 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 68 4.9 +1.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 67 5.4 +1.5
FDEV Fidelity International Multifactor ETF 0.3 18 59 7.7 +3.7
SNSR Global X Internet of Things ETF 0.3 68 9 4.6 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 57 4.9 +1.0
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 73 4.1 +0.2
DUHP Dimensional US High Profitability ETF 0.3 21 56 6.4 +2.5
SCHX Schwab U.S. Large-Cap ETF 0.3 3 74 5.2 +1.3
IVV iShares Core S&P 500 ETF 0.3 3 74 5.2 +1.3
SPLG SPDR Portfolio S&P 500 ETF 0.3 2 75 5.2 +1.3
SPY SPDR S&P 500 ETF Trust 0.3 9 68 5.1 +1.2
VOO Vanguard S&P 500 ETF 0.3 3 74 5.2 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 9 68 5.0 +1.1
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 68 4.9 +1.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 68 4.7 +0.8
STXD Strive 1000 Dividend Growth ETF 0.3 35 42 5.0 +1.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 38 12.1 +8.2
DFUS Dimensional U.S. Equity ETF 0.3 9 68 5.1 +1.2
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 49 6.5 +2.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 68 5.7 +1.8
PBUS Invesco MSCI USA ETF 0.3 4 73 5.1 +1.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 67 4.5 +0.6
DFIC Dimensional International Core Equity 2 ETF 0.3 23 54 7.8 +3.9
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 74 5.1 +1.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 69 5.2 +1.3
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.3 5 72 8.1 +4.2
RVRB Reverb ETF 0.3 30 47 4.8 +0.9
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 18 6.2 +2.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 65 7.6 +3.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.3 75 2 3.9 -0.0
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 48 7.5 +3.6
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 69 5.3 +1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 30 8.6 +4.6
VIG Vanguard Dividend Appreciation ETF 0.3 6 71 5.7 +1.8
STRV Strive 500 ETF 0.3 5 72 5.0 +1.1
VV Vanguard Large-Cap ETF 0.3 4 73 5.1 +1.2
KLMN Invesco MSCI North America Climate ETF 0.3 9 68 5.2 +1.3
HDUS Hartford Disciplined US Equity ETF 0.3 19 58 5.9 +2.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 70 5.2 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 64 3.2 -0.7
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.3 38 39 6.2 +2.3
VPU Vanguard Utilities ETF 0.3 10 67 5.3 +1.4
TOK iShares MSCI Kokusai ETF 0.3 26 51 5.3 +1.4
TOV JLens 500 Jewish Advocacy U.S. ETF 0.3 18 59 4.9 +1.0
IXN iShares Global Tech ETF 0.3 41 36 4.1 +0.2
VT Vanguard Total World Stock ETF 0.3 7 70 6.2 +2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 4.2 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 75 5.2 +1.2
URTH iShares MSCI World ETF 0.3 24 53 5.4 +1.5
CCMG CCM Global Equity ETF 0.3 34 43 8.8 +4.9
SPHQ Invesco S&P 500 Quality ETF 0.3 15 62 5.1 +1.2
IJR iShares Core S&P Small Cap ETF 0.3 6 71 8.0 +4.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 52 8.2 +4.3
IYW iShares U.S. Technology ETF 0.3 40 37 4.2 +0.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 52 5.7 +1.8
CIL VictoryShares International Volatility Wtd ETF 0.3 45 32 6.8 +2.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 70 5.1 +1.2
IUSG iShares Core S&P U.S. Growth ETF 0.3 4 73 4.4 +0.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 16 6.6 +2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 58 6.5 +2.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 77 5.1 +1.2
VOTE TCW Transform 500 ETF 0.3 5 72 5.1 +1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 67 8.0 +4.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 74 8.1 +4.2
IVW iShares S&P 500 Growth ETF 0.2 18 59 4.2 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 73 4.3 +0.4
VOOG Vanguard S&P 500 Growth ETF 0.2 10 67 4.2 +0.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 17 7.3 +3.4
ECLN First Trust EIP Carbon Impact ETF 0.2 96 -19 4.1 +0.2
VYMI Vanguard International High Dividend Yield ETF 0.2 22 55 9.9 +6.0
AVDE Avantis International Equity ETF 0.2 23 54 7.9 +4.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 68 5.4 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 68 5.2 +1.3
HLGE Hartford Longevity Economy ETF 0.2 44 33 6.4 +2.5
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 39 9.6 +5.7
DFAI Dimensional International Core Equity Market ETF 0.2 18 59 7.5 +3.5
ACWI iShares MSCI ACWI ETF 0.2 32 45 5.8 +1.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.2 39 38 10.8 +6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 47 8.4 +4.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 49 6.2 +2.2
BLES Inspire Global Hope ETF 0.2 61 16 6.9 +3.0
MISL First Trust Indxx Aerospace & Defense ETF 0.2 60 17 2.5 -1.4
PPA Invesco Aerospace & Defense ETF 0.2 58 19 2.7 -1.2
ITA iShares U.S. Aerospace & Defense ETF 0.2 40 37 2.0 -1.9
XAR SPDR S&P Aerospace & Defense ETF 0.2 35 42 2.0 -1.9
TRFM AAM Transformers ETF 0.2 49 28 1.7 -2.2
NATO Themes Transatlantic Defense ETF 0.2 35 42 2.8 -1.1
MGV Vanguard Mega Cap Value ETF 0.2 7 70 6.8 +2.9
STXI Strive International Developed Markets ETF 0.2 29 48 7.1 +3.2
LRND IQ U.S. Large Cap R&D Leaders ETF 0.2 14 63 5.9 +2.0
FENY Fidelity MSCI Energy Index ETF 0.2 8 69 9.5 +5.6
QDF FlexShares Quality Dividend Index Fund 0.2 37 40 6.5 +2.6
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 0.2 60 17 9.4 +5.5
OIH VanEck Oil Services ETF 0.2 35 42 5.3 +1.3
XMHQ Invesco S&P MidCap Quality ETF 0.2 25 52 6.8 +2.9
IEZ iShares U.S. Oil Equipment & Services ETF 0.2 40 37 5.4 +1.5
XES SPDR S&P Oil & Gas Equipment & Services ETF 0.2 35 42 3.7 -0.2
VDE Vanguard Energy ETF 0.2 10 67 9.5 +5.6
ILCG iShares Morningstar Growth ETF 0.2 4 73 3.9 -0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 57 5.9 +2.0
IWC iShares Micro-Cap ETF 0.2 60 17 -0.7 -4.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 32 4.7 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 74 7.4 +3.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 65 6.3 +2.3
SFY SoFi Select 500 ETF 0.2 0 77 4.6 +0.7
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -48 6.6 +2.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.2 60 17 8.2 +4.3
NULG Nuveen ESG Large-Cap Growth ETF 0.2 26 51 3.4 -0.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 47 8.0 +4.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 62 8.1 +4.2
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 67 6.0 +2.1
YOKE Yoke Core ETF 0.2 42 35 4.4 +0.5
HLAL Wahed FTSE USA Shariah ETF 0.2 50 27 5.0 +1.1
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 65 8.6 +4.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 68 8.2 +4.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 52 7.3 +3.4
GLOF iShares Global Equity Factor ETF 0.2 20 57 6.9 +3.0
IGE iShares North American Natural Resources ETF 0.2 41 36 8.1 +4.2
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 67 5.3 +1.4
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 65 5.9 +2.0
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 62 7.0 +3.0
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 41 5.0 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 48 8.1 +4.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 52 6.0 +2.1
STXG Strive 1000 Growth ETF 0.2 18 59 4.0 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 73 7.3 +3.4
SCHF Schwab International Equity ETF 0.2 6 71 7.6 +3.7
EPS WisdomTree U.S. LargeCap Fund 0.2 8 69 6.0 +2.1
VEA Vanguard FTSE Developed Markets ETF 0.1 5 72 7.5 +3.6
VSGX Vanguard ESG International Stock ETF 0.1 12 65 8.0 +4.1
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.1 25 52 5.3 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 32 9.2 +5.3
TXS Texas Capital Texas Equity Index ETF 0.1 49 28 5.8 +1.9
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 62 5.6 +1.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 42 5.9 +2.0
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 37 5.9 +1.9
VUG Vanguard Growth ETF 0.1 4 73 4.1 +0.2
BKIE BNY Mellon International Equity ETF 0.1 4 73 7.3 +3.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 43 8.0 +4.1
APUE ActivePassive U.S. Equity ETF 0.1 45 32 4.9 +1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 35 5.6 +1.7
OEF iShares S&P 100 ETF 0.1 20 57 4.8 +0.9
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 70 8.2 +4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 69 8.4 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 36 7.7 +3.8
ROSC Hartford Multifactor Small Cap ETF 0.1 34 43 10.1 +6.2
VFVA Vanguard U.S. Value Factor ETF 0.1 13 64 11.5 +7.6
DFIS Dimensional International Small Cap ETF 0.1 39 38 7.8 +3.9
VXUS Vanguard Total International Stock ETF 0.1 7 70 8.2 +4.3
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -18 5.3 +1.4
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 35 7.4 +3.5
EIPX FT Energy Income Partners Strategy ETF 0.1 95 -18 7.8 +3.8
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 54 3.4 -0.5
VIS Vanguard Industrials ETF 0.1 10 67 4.7 +0.8
WRND IQ Global Equity R&D Leaders ETF 0.1 18 59 8.9 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 59 8.0 +4.1
MGC Vanguard Mega Cap ETF 0.1 7 70 4.9 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 38 6.9 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 8.6 +4.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 52 10.0 +6.1
MADE iShares U.S. Manufacturing ETF 0.1 40 37 5.3 +1.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 38 10.0 +6.0
HDV iShares Core High Dividend ETF 0.1 8 69 7.0 +3.1
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 57 -3.6 -7.5
XHE SPDR S&P Health Care Equipment ETF 0.1 35 42 2.9 -1.0
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 69 4.6 +0.7
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 5.7 +1.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 17 7.8 +3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 7.4 +3.5
APIE ActivePassive International Equity ETF 0.1 45 32 7.6 +3.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 69 4.6 +0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.4 +0.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 28 5.0 +1.1
IYJ iShares U.S. Industrials ETF 0.1 40 37 4.5 +0.6
SCHC Schwab International Small-Cap Equity ETF 0.1 11 66 7.1 +3.2
VCR Vanguard Consumer Discretionary ETF 0.1 10 67 4.6 +0.7
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 59 3.9 +0.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 18 3.1 -0.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 42 9.8 +5.9
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 59 6.9 +3.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 37 7.4 +3.4
IHI iShares U.S. Medical Devices ETF 0.0 40 37 3.7 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 70 7.1 +3.2
IQDF FlexShares International Quality Dividend Index Fund 0.0 47 30 9.3 +5.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 6.2 +2.3
PFM Invesco Dividend Achievers ETF 0.0 53 24 5.4 +1.5
GWX SPDR S&P International Small Cap ETF 0.0 40 37 6.7 +2.8
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -13 4.1 +0.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 63 5.1 +1.2
VFMF Vanguard U.S. Multifactor ETF 0.0 18 59 8.3 +4.4
AVDV Avantis International Small Cap Value ETF 0.0 36 41 10.6 +6.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 53 7.7 +3.8
DISV Dimensional International Small Cap Value ETF 0.0 42 35 9.8 +5.9
IEUR iShares Core MSCI Europe ETF 0.0 11 66 7.4 +3.5
IWF iShares Russell 1000 Growth ETF 0.0 19 58 4.5 +0.6
VONG Vanguard Russell 1000 Growth ETF 0.0 8 69 4.6 +0.7
SPEU SPDR Portfolio Europe ETF 0.0 7 70 7.4 +3.5
VGK Vanguard FTSE Europe ETF 0.0 11 66 7.4 +3.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 65 4.6 +0.7
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 49 5.7 +1.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 70 7.3 +3.4
VHT Vanguard Health Care ETF 0.0 10 67 6.3 +2.4
DFIV Dimensional International Value ETF 0.0 27 50 10.2 +6.3
SDEP SFP Core Equity Strategy 0.0 10 67 6.5 +2.6
DUSA Davis Select U.S. Equity ETF 0.0 61 16 7.7 +3.8
EQRR ProShares Equities for Rising Rates ETF 0.0 35 42 8.3 +4.4
FDLO Fidelity Low Volatility Factor ETF 0.0 15 62 5.5 +1.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.0 46 31 10.6 +6.7
JEPI JPMorgan Equity Premium Income ETF 0.0 35 42 5.7 +1.7
NETZ TCW Transform Systems ETF 0.0 75 2 3.0 -1.0
REVS Columbia Research Enhanced Value ETF 0.0 19 58 7.9 +4.0
SIXA ETC 6 Meridian Mega Cap Equity ETF 0.0 80 -3 7.0 +3.0
TPHD Timothy Plan High Dividend Stock ETF 0.0 52 25 7.0 +3.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.0 54 23 7.3 +3.4
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.0 52 25 5.5 +1.6
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.0 58 19 5.4 +1.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.0 55 22 5.8 +1.9
JGRO JPMorgan Active Growth ETF 0.0 44 33 3.6 -0.3
BKWO BNY Mellon Women's Opportunities ETF 0.0 50 27 3.8 -0.2
VFLO VictoryShares Free Cash Flow ETF 0.0 39 38 10.9 +6.9
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 59 5.4 +1.5
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 59 4.9 +1.0
JGLO JPMorgan Global Select Equity ETF 0.0 33 44 5.1 +1.2
CGDG Capital Group Dividend Growers ETF 0.0 47 30 6.3 +2.4
RFFC ALPS Active Equity Opportunity ETF 0.0 48 29 4.7 +0.7
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 6.2 +2.3
FCG First Trust Natural Gas ETF 0.0 60 17 19.4 +15.5
FTDS First Trust Dividend Strength ETF 0.0 70 7 7.8 +3.9
FTXN First Trust Nasdaq Oil & Gas ETF 0.0 60 17 12.8 +8.9
FXN First Trust Energy AlphaDEX Fund 0.0 62 15 14.7 +10.8
DIVG Invesco S&P 500 High Dividend Growers ETF 0.0 39 38 8.6 +4.6
PXI Invesco Dorsey Wright Energy Momentum ETF 0.0 60 17 7.5 +3.6
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0 40 37 11.1 +7.1
SCHD Schwab US Dividend Equity ETF 0.0 6 71 9.9 +6.0
FILL iShares MSCI Global Energy Producers ETF 0.0 39 38 12.3 +8.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0 40 37 13.0 +9.1
IWL iShares Russell Top 200 ETF 0.0 15 62 4.9 +1.0
IWX iShares Russell Top 200 Value ETF 0.0 20 57 6.4 +2.5
IXC iShares Global Energy ETF 0.0 44 33 10.7 +6.8
IYE iShares U.S. Energy ETF 0.0 40 37 9.3 +5.4
QUAL iShares MSCI USA Quality Factor ETF 0.0 15 62 5.3 +1.4
DGT SPDR Global Dow ETF 0.0 50 27 7.5 +3.5
GNR SPDR S&P Global Natural Resources ETF 0.0 40 37 11.7 +7.8
NANR SPDR S&P North American Natural Resources ETF 0.0 35 42 8.7 +4.8
XLE Energy Select Sector SPDR Fund 0.0 8 69 9.4 +5.5
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0 35 42 16.0 +12.1
COWZ Pacer US Cash Cows 100 ETF 0.0 49 28 9.5 +5.6
KOCG FIS Knights of Columbus Global Belief ETF 0.0 75 2 5.1 +1.2
DRLL Strive U.S. Energy ETF 0.0 41 36 10.4 +6.5
PRAY FIS Christian Stock Fund 0.0 69 8 5.4 +1.5
ECML Euclidean Fundamental Value ETF 0.0 95 -18 13.1 +9.2
NVIR Horizon Kinetics Energy and Remediation ETF 0.0 85 -8 6.7 +2.8
DIVL Madison Dividend Value ETF 0.0 65 12 5.8 +1.9
FTWO Strive FAANG 2.0 ETF 0.0 49 28 4.8 +0.9
GINX SGI Enhanced Global Income ETF 0.0 98 -21 7.4 +3.4
LIVR Intelligent Livermore ETF 0.0 69 8 6.5 +2.6

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 9.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.