AltShares Merger Arbitrage ETF
ALTAR
Score™		 2.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 28.5x P/Sales
ratio		 1.7x
P/BV
ratio		 2.1x Div.
yield		 1.2%


  • 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) $139
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 95
Wgt avg mkt cap (mns) $49,814
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
SKECHERS USA INC-CL A 23.5 %
GMS INC. 5.0 %
CHART INDUSTRIES INC 3.9 %
FRONTIER COMMUNICATIONS PARENT, IN 3.8 %
INFORMATICA INC 3.7 %
VERONA PHARMA PLC - ADR 3.7 %
NORFOLK SOUTHERN CORP 3.7 %
SANDSTORM GOLD LTD 3.2 %
PNM RESOURCES INC 3.1 %
AVIDXCHANGE HOLDINGS, INC. 3.0 %
Total 56.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.9 %
BRITAIN 9.4 %
CANADA 4.6 %
NETHERLANDS 3.0 %
GERMANY 2.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.9% 4.3% 4.2% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.06 14%
MSCI EAFE 0.06 12%
MSCI Emg. Mkts. 0.04 9%

Technical Indicators
Recent close $29.40
30d moving avg. $29.27
Annualized volatility 3.1%
Short interest (ETF) 1.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.6%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $5,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 527 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™: 2.6%


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
(%)
GVIP Goldman Sachs Hedge Industry VIP ETF 4.0 45 32 2.6 -0.0
IYZ iShares U.S. Telecommunications ETF 3.9 40 37 5.9 +3.3
HWAY Themes US Infrastructure ETF 3.8 29 48 4.7 +2.1
SUPL ProShares Supply Chain Logistics ETF 3.7 58 19 7.8 +5.2
LVDS JPMorgan Fundamental Data Science Large Value ETF 3.7 49 28 5.2 +2.6
IYT iShares US Transportation ETF 3.7 40 37 4.7 +2.1
SHPP Pacer Industrials and Logistics ETF 3.7 60 17 7.1 +4.5
XMLV Invesco S&P MidCap Low Volatility ETF 3.4 25 52 6.8 +4.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.4 36 41 8.7 +6.1
SHRY First Trust Bloomberg Shareholder Yield ETF 3.2 60 17 8.5 +5.9
PAVE Global X U.S. Infrastructure Development ETF 3.2 47 30 4.2 +1.6
IFRA iShares U.S. Infrastructure ETF 3.1 30 47 5.6 +3.0
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 3.1 59 18 3.1 +0.5
SMDV ProShares Russell 2000 Dividend Growers ETF 2.9 40 37 6.9 +4.3
SQLV Royce Quant Small-Cap Quality Value ETF 2.8 60 17 8.4 +5.8
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.8 29 48 3.7 +1.1
RSPN Invesco S&P 500 Equal Weight Industrials ETF 2.6 40 37 4.4 +1.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 2.6 35 42 6.5 +3.9
CBSE Clough Select Equity ETF 2.6 85 -8 0.4 -2.2
XHE State Street SPDR S&P Health Care Equipment ETF 2.4 35 42 3.9 +1.3
DIVG Invesco S&P 500 High Dividend Growers ETF 2.4 39 38 7.5 +4.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.4 35 42 7.7 +5.1
FLV American Century Focused Large Cap Value ETF 2.4 42 35 6.2 +3.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.4 39 38 10.0 +7.4
XTN State Street SPDR S&P Transportation ETF 2.3 35 42 3.6 +1.0
FLDZ RiverNorth Patriot ETF 2.2 75 2 5.7 +3.1
FCOM Fidelity MSCI Communication Services Index ETF 2.2 8 69 4.4 +1.8
PEY Invesco High Yield Equity Dividend Achievers ETF 2.2 52 25 9.4 +6.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.2 40 37 6.7 +4.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 2.2 20 57 5.9 +3.3
XMVM Invesco S&P MidCap Value with Momentum ETF 2.1 39 38 7.6 +5.0
FTDS First Trust Dividend Strength ETF 2.0 70 7 7.0 +4.4
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.0 40 37 5.5 +2.9
XLC Communication Services Select Sector SPDR 2.0 8 69 5.3 +2.7
YALL God Bless America ETF 2.0 65 12 4.3 +1.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.9 35 42 6.2 +3.6
SVAL iShares US Small Cap Value Factor ETF 1.9 20 57 7.6 +5.0
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 1.9 45 32 4.4 +1.8
IBBQ Invesco Nasdaq Biotechnology ETF 1.9 19 58 0.3 -2.3
PSC Principal U.S. Small-Cap ETF 1.9 38 39 3.9 +1.3
VTWV Vanguard Russell 2000 Value ETF 1.8 10 67 5.2 +2.6
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.8 35 42 6.3 +3.7
RUNN Running Oak Efficient Growth ETF 1.8 58 19 4.8 +2.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.8 60 17 4.1 +1.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.8 20 57 6.2 +3.6
FVD First Trust Value Line Dividend Index Fund 1.7 65 12 5.6 +3.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 1.7 30 47 8.9 +6.3
VOX Vanguard Communication Services ETF 1.7 9 68 4.4 +1.8
AUSF Global X Adaptive U.S. Factor ETF 1.7 27 50 8.1 +5.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.7 39 38 3.7 +1.1
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 48 4.7 +2.1
FPAG FPA Global Equity ETF 1.6 49 28 6.0 +3.4
KBE State Street SPDR S&P Bank ETF 1.6 35 42 8.7 +6.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.6 29 48 6.6 +4.0
IWN iShares Russell 2000 Value ETF 1.6 24 53 5.0 +2.4
SPHB Invesco S&P 500 High Beta ETF 1.6 25 52 4.2 +1.6
PSCC Invesco S&P SmallCap Consumer Staples ETF 1.6 29 48 8.4 +5.8
ETHO Etho Climate Leadership U.S. ETF 1.5 47 30 4.6 +1.9
ROSC Hartford Multifactor Small Cap ETF 1.5 34 43 7.4 +4.8
FTA First Trust Large Cap Value AlphaDEX Fund 1.5 59 18 7.8 +5.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.4 35 42 4.6 +2.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.4 10 67 9.4 +6.8
KRE State Street SPDR S&P Regional Banking ETF 1.4 35 42 8.6 +6.0
FIDU Fidelity MSCI Industrial Index ETF 1.4 8 69 3.6 +1.0
DSMC Distillate Small/Mid Cash Flow ETF 1.4 55 22 11.4 +8.8
WLDR Affinity World Leaders Equity ETF 1.4 67 10 6.5 +3.9
STXK Strive Small-Cap ETF 1.4 18 59 5.4 +2.8
HOMZ Hoya Capital Housing ETF 1.3 30 47 10.3 +7.7
PSCF Invesco S&P SmallCap Financials ETF 1.3 29 48 8.7 +6.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.3 20 57 4.3 +1.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.3 39 38 2.4 -0.2
IQRA IQ CBRE Real Assets ETF 1.3 65 12 5.7 +3.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.3 47 30 4.9 +2.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.3 38 39 8.3 +5.6
FNDA Schwab Fundamental US Small Co. Index ETF 1.3 25 52 6.4 +3.8
RFV Invesco S&P Midcap 400 Pure Value ETF 1.3 35 42 11.7 +9.1
CSD Invesco S&P Spin-Off ETF 1.3 65 12 3.8 +1.2
MVPA Miller Value Partners Appreciation ETF 1.3 60 17 10.1 +7.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 1.3 47 30 8.0 +5.4
XLI Industrial Select Sector SPDR 1.2 8 69 3.6 +1.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.2 15 62 5.3 +2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.2 24 53 7.2 +4.6
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.2 55 22 9.3 +6.7
SPVM Invesco S&P 500 Value with Momentum ETF 1.2 39 38 6.5 +3.9
BBP Virtus LifeSci Biotech Products ETF 1.2 79 -2 -4.2 -6.9
HELX Franklin Genomic Advancements ETF 1.2 50 27 -1.4 -4.0
WDNA WisdomTree BioRevolution Fund 1.2 45 32 -2.3 -4.9
FBT First Trust NYSE Arca Biotechnology Index Fund 1.2 56 21 2.7 +0.1
BBH VanEck Biotech ETF 1.2 35 42 5.3 +2.7
GNOM Global X Genomics & Biotechnology ETF 1.2 50 27 -2.9 -5.5
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 30 -0.3 -2.9
TAX Cambria Tax Aware ETF 1.2 49 28 4.3 +1.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.2 15 62 6.2 +3.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 71 7.2 +4.6
VIS Vanguard Industrials ETF 1.2 9 68 3.6 +1.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.2 30 47 13.8 +11.2
IWM iShares Russell 2000 ETF 1.1 19 58 2.8 +0.2
DFLV Dimensional US Large Cap Value ETF 1.1 22 55 6.4 +3.8
JSML Janus Henderson Small Cap Growth Alpha ETF 1.1 30 47 2.9 +0.3
RSSL Global X Russell 2000 ETF 1.1 8 69 2.9 +0.3
ZAP Global X U.S. Electrification ETF 1.1 50 27 3.3 +0.7
VTWO Vanguard Russell 2000 ETF 1.1 7 70 3.0 +0.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.1 35 42 8.8 +6.2
TMDV ProShares Russell US Dividend Growers ETF 1.1 35 42 6.2 +3.6
ARKG ARK Genomic Revolution ETF 1.1 75 2 -1.8 -4.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.1 20 57 5.7 +3.1
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 1.1 12 65 3.5 +0.9
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 1.1 38 39 9.1 +6.5
EES WisdomTree U.S. SmallCap Fund 1.1 38 39 8.2 +5.6
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 67 10 8.8 +6.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.1 75 2 5.7 +3.1
DIV Global X SuperDividend US ETF 1.1 45 32 9.6 +7.0
DVY iShares Select Dividend ETF 1.0 38 39 8.1 +5.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 70 5.5 +2.9
TPHE Timothy Plan High Dividend Stock Enhanced ETF 1.0 54 23 5.8 +3.2
FEGE First Eagle Global Equity ETF 1.0 79 -2 6.1 +3.5
ISMD Inspire Small/Mid Cap ETF 1.0 54 23 5.5 +2.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 42 3.9 +1.3
RSP Invesco S&P 500 Equal Weight ETF 1.0 20 57 6.1 +3.5
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 52 4.8 +2.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.0 15 62 4.3 +1.7
FUTY Fidelity MSCI Utilities Index ETF 1.0 8 69 4.6 +2.0
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.0 15 62 9.4 +6.8
VPU Vanguard Utilities ETF 1.0 9 68 4.6 +2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 73 5.5 +2.9
WTV WisdomTree US Value Fund of Benef Interest 1.0 12 65 8.1 +5.5
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 59 9.3 +6.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.0 15 62 6.5 +3.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.0 65 12 5.0 +2.4
ROE Astoria US Quality Kings ETF 0.9 49 28 5.7 +3.1
URAN Themes Uranium & Nuclear ETF 0.9 35 42 0.9 -1.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 52 8.1 +5.5
FYT First Trust Small Cap Value AlphaDEX Fund 0.9 73 4 10.2 +7.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.9 50 27 8.8 +6.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.9 4 73 5.8 +3.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.9 39 38 7.9 +5.3
ISCV iShares Morningstar Small Cap Value ETF 0.9 6 71 8.0 +5.4
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 35 6.2 +3.6
AVLV Avantis U.S. Large Cap Value ETF 0.9 15 62 6.1 +3.4
RBLD First Trust Alerian US NextGen Infrastructure ETF 0.9 65 12 3.9 +1.3
HDUS Hartford Disciplined US Equity ETF 0.9 19 58 5.0 +2.4
IYJ iShares U.S. Industrials ETF 0.9 40 37 4.0 +1.4
VOE Vanguard Mid-Cap Value ETF 0.9 7 70 6.9 +4.3
NUSC Nuveen ESG Small-Cap ETF 0.9 31 46 5.1 +2.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.9 18 59 6.9 +4.3
SPVU Invesco S&P 500 Enhanced Value ETF 0.9 13 64 8.6 +6.0
MDY SPDR S&P Midcap 400 ETF Trust 0.9 23 54 6.1 +3.5
IMCB iShares Morningstar Mid-Cap ETF 0.9 4 73 5.5 +2.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.9 18 59 8.1 +5.5
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.9 15 62 8.1 +5.5
SCHA Schwab U.S. Small-Cap ETF 0.9 4 73 4.7 +2.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.9 39 38 8.1 +5.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.9 61 16 5.9 +3.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.9 10 67 8.2 +5.6
ALTL Pacer Lunt Large Cap Alternator ETF 0.9 60 17 4.8 +2.2
FSMD Fidelity Small-Mid Multifactor ETF 0.9 15 62 6.7 +4.1
SIXS ETC 6 Meridian Small Cap Equity ETF 0.8 89 -12 8.1 +5.5
PSCH Invesco S&P SmallCap Health Care ETF 0.8 29 48 2.6 -0.0
IJH iShares Core S&P Mid-Cap ETF 0.8 5 72 6.2 +3.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.8 3 74 6.3 +3.7
XMMO Invesco S&P MidCap Momentum ETF 0.8 34 43 3.5 +0.8
SSPY Syntax Stratified LargeCap ETF 0.8 30 47 6.3 +3.7
INCE Franklin Income Equity Focus ETF 0.8 29 48 5.3 +2.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.8 7 70 6.2 +3.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.8 17 60 4.2 +1.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.8 15 62 4.3 +1.6
FDL First Trust Morningstar Dividend Leaders Index Fund 0.8 45 32 9.0 +6.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 7 70 6.5 +3.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.8 60 17 3.4 +0.8
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 35 5.6 +3.0
VBR Vanguard Small Cap Value ETF 0.8 7 70 8.1 +5.5
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.8 12 65 7.0 +4.4
AVMC Avantis U.S. Mid Cap Equity ETF 0.8 18 59 6.2 +3.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.8 10 67 4.3 +1.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 68 4.0 +1.4
AFSM First Trust Active Factor Small Cap ETF 0.8 75 2 6.2 +3.6
XOEF iShares S&P 500 ex S&P 100 ETF 0.7 20 57 4.9 +2.2
GPT Intelligent Alpha Atlas ETF 0.7 69 8 6.2 +3.6
DURA VanEck Durable High Dividend ETF 0.7 29 48 6.4 +3.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.7 20 57 4.4 +1.8
DFUV Dimensional US Marketwide Value ETF 0.7 22 55 6.4 +3.8
IWO iShares Russell 2000 Growth ETF 0.7 24 53 0.6 -2.1
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 52 7.5 +4.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.7 5 72 7.8 +5.2
ISCB iShares Morningstar Small-Cap ETF 0.7 4 73 5.6 +3.0
IBB iShares Biotechnology ETF 0.7 45 32 -0.5 -3.1
DFAS Dimensional U.S. Small Cap ETF 0.7 26 51 5.8 +3.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.7 49 28 8.7 +6.1
AVMV Avantis U.S. Mid Cap Value ETF 0.7 20 57 7.4 +4.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 18 5.2 +2.6
EXI iShares Global Industrials ETF 0.7 42 35 3.5 +0.9
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 25 6.7 +4.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 65 6.5 +3.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 42 6.5 +3.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.6 24 53 6.2 +3.6
PRF Invesco FTSE RAFI US 1000 ETF 0.6 34 43 6.0 +3.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.6 20 57 4.5 +1.9
STXV Strive 1000 Value ETF 0.6 18 59 7.0 +4.4
CGDG Capital Group Dividend Growers ETF 0.6 47 30 5.1 +2.5
ITAN Sparkline Intangible Value ETF 0.6 50 27 6.5 +3.9
DXUV Dimensional US Vector Equity ETF 0.6 28 49 5.5 +2.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 16 5.7 +3.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.6 17 60 5.2 +2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 68 5.4 +2.8
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 67 0.7 -1.9
VXF Vanguard Extended Market ETF 0.6 5 72 4.0 +1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.6 29 48 5.8 +3.2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 74 6.7 +4.1
VB Vanguard Small-Cap ETF 0.6 5 72 5.4 +2.8
SIZE iShares MSCI USA Size Factor ETF 0.6 15 62 5.7 +3.1
IJR iShares Core S&P Small Cap ETF 0.6 6 71 6.6 +4.0
KNCT Invesco Next Gen Connectivity ETF 0.6 40 37 3.8 +1.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 17 6.9 +4.3
IWS iShares Russell Mid-Cap Value ETF 0.6 23 54 6.3 +3.7
CSTK Invesco Comstock Contrarian Equity ETF 0.6 35 42 6.1 +3.5
KBWB Invesco KBW Bank ETF 0.6 35 42 7.0 +4.3
RSPF Invesco S&P 500 Equal Weight Financials ETF 0.6 40 37 6.7 +4.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 0.6 38 39 7.0 +4.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 0.6 35 42 7.0 +4.4
FDWM Fidelity Women's Leadership ETF 0.6 59 18 3.7 +1.1
JOET Virtus Terranova US Quality Momentum ETF 0.6 29 48 4.0 +1.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 25 5.4 +2.8
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.6 60 17 10.1 +7.5
FTXO First Trust Nasdaq Bank ETF 0.6 60 17 7.7 +5.0
FXO First Trust Financials AlphaDEX Fund 0.6 62 15 8.4 +5.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.6 60 17 5.8 +3.2
IAT iShares U.S. Regional Banks ETF 0.6 40 37 8.3 +5.7
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 0.6 7 70 10.4 +7.8
MAGA Point Bridge America First ETF 0.6 72 5 5.2 +2.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.6 49 28 7.9 +5.3
DFSV Dimensional US Small Cap Value ETF 0.6 31 46 9.1 +6.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.6 15 62 7.0 +4.4
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 -4 3.1 +0.5
VO Vanguard Mid-Cap ETF 0.6 4 73 5.4 +2.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 52 6.5 +3.9
IYF iShares U.S. Financials ETF 0.5 40 37 5.9 +3.3
VYM Vanguard High Dividend Yield Index ETF 0.5 6 71 6.2 +3.6
USCF Themes US Cash Flow Champions ETF 0.5 29 48 7.8 +5.2
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 68 5.8 +3.1
USMF WisdomTree U.S. Multifactor Fund 0.5 28 49 6.7 +4.1
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 71 3.6 +1.0
AIRR First Trust RBA American Industrial Renaissance ETF 0.5 70 7 3.5 +0.9
RWL Invesco S&P 500 Revenue ETF 0.5 39 38 6.1 +3.4
IXP iShares Global Comm Services ETF 0.5 42 35 5.6 +3.0
IYG iShares US Financial Services ETF 0.5 40 37 5.4 +2.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 52 5.2 +2.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.5 12 65 6.4 +3.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 71 2.9 +0.3
FESM Fidelity Enhanced Small Cap ETF 0.5 28 49 2.5 -0.1
VFH Vanguard Financials ETF 0.5 9 68 6.3 +3.7
LGCF Themes US Cash Flow Champions ETF 0.5 30 47 7.4 +4.8
BFOR ALPS Barron's 400 ETF 0.5 65 12 5.1 +2.5
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -3 5.8 +3.2
AVSU Avantis Responsible U.S. Equity ETF 0.5 15 62 5.3 +2.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.5 25 52 6.5 +3.9
PRXV Praxis Impact Large Cap Value ETF 0.5 36 41 5.8 +3.2
VTV Vanguard Value ETF 0.5 4 73 6.0 +3.4
DHS WisdomTree U.S. High Dividend Fund 0.5 38 39 8.2 +5.6
CZAR Themes Natural Monopoly ETF 0.5 35 42 5.4 +2.8
MFMO Motley Fool Momentum Factor ETF 0.5 50 27 2.2 -0.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 7 9.8 +7.2
PTL Inspire 500 ETF 0.5 9 68 4.6 +2.0
XLF Financial Select Sector SPDR 0.5 8 69 5.9 +3.3
IWR iShares Russell Midcap ETF 0.5 19 58 5.6 +3.0
IUSV iShares Core S&P US Value ETF 0.5 4 73 6.0 +3.4
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.5 27 50 6.5 +3.8
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 0.4 48 29 8.0 +5.4
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 73 6.1 +3.5
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 49 8.9 +6.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 65 5.7 +3.1
VOOV Vanguard S&P 500 Value ETF 0.4 7 70 5.8 +3.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.4 80 -3 6.7 +4.1
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.4 4 73 5.9 +3.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 17 6.3 +3.7
WSML iShares MSCI World Small-Cap ETF 0.4 15 62 5.5 +2.9
RPV Invesco S&P 500 Pure Value ETF 0.4 35 42 9.2 +6.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 0.4 75 2 6.4 +3.8
SRHQ SRH U.S. Quality ETF 0.4 35 42 6.5 +3.9
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.4 75 2 6.4 +3.8
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 2 4.2 +1.6
SMCF Themes US Small Cap Cash Flow Champions ETF 0.4 29 48 10.2 +7.6
AVUS Avantis U.S. Equity ETF 0.4 15 62 5.0 +2.4
IVE iShares S&P 500 Value ETF 0.4 18 59 5.7 +3.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 65 6.1 +3.5
DEW WisdomTree Global High Dividend Fund 0.4 58 19 7.3 +4.7
GINN Goldman Sachs Innovate Equity ETF 0.4 52 25 4.0 +1.4
ACVF American Conservative Values ETF 0.4 75 2 3.9 +1.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 57 0.9 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 73 5.8 +3.2
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 58 19 4.9 +2.3
DFVX Dimensional US Large Cap Vector ETF 0.4 22 55 5.4 +2.8
VLUE iShares MSCI USA Value Factor ETF 0.4 15 62 7.7 +5.1
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 18 3.3 +0.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 47 3.9 +1.3
JAVA JPMorgan Active Value ETF 0.4 44 33 5.7 +3.1
IWD iShares Russell 1000 Value ETF 0.4 19 58 5.6 +3.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 60 4.9 +2.3
IUS Invesco RAFI Strategic US ETF 0.4 19 58 5.9 +3.3
DCOR Dimensional US Core Equity 1 ETF 0.4 14 63 4.8 +2.2
VONV Vanguard Russell 1000 Value ETF 0.4 7 70 5.7 +3.1
JHML John Hancock Multifactor Large Cap ETF 0.4 29 48 4.7 +2.1
FNCL Fidelity MSCI Financials Index ETF 0.4 8 69 6.3 +3.7
AVUV Avantis U.S. Small Cap Value ETF 0.4 25 52 8.2 +5.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.4 19 58 5.1 +2.5
POWR iShares U.S. Power Infrastructure ETF 0.4 40 37 3.9 +1.3
RPG Invesco S&P 500 Pure Growth ETF 0.4 35 42 2.8 +0.2
REVS Columbia Research Enhanced Value ETF 0.4 19 58 7.0 +4.4
PKW Invesco Buyback Achievers ETF 0.4 62 15 7.4 +4.8
ITB iShares U.S. Home Construction ETF 0.4 40 37 11.9 +9.3
FMED Fidelity Disruptive Medicine ETF 0.4 50 27 -1.2 -3.8
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 39 8.2 +5.6
MGV Vanguard Mega Cap Value ETF 0.3 7 70 5.6 +3.0
VBK Vanguard Small-Cap Growth ETF 0.3 7 70 1.3 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 68 4.9 +2.3
DSI iShares MSCI KLD 400 Social ETF 0.3 25 52 4.5 +1.8
JHDV John Hancock U.S. High Dividend ETF 0.3 34 43 6.4 +3.8
DFAU Dimensional US Core Equity Market ETF 0.3 12 65 4.5 +1.9
IWX iShares Russell Top 200 Value ETF 0.3 20 57 5.3 +2.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.3 60 17 5.0 +2.4
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 42 5.4 +2.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 37 5.4 +2.8
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF 0.3 49 28 6.9 +4.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 17 6.4 +3.8
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 60 6.6 +4.0
MNZL Manzil Russell Halal USA Broad MarketETF 0.3 40 37 4.1 +1.5
NIXT Research Affiliates Deletions ETF 0.3 9 68 7.0 +4.4
OALC OneAscent Large Cap Core ETF 0.3 86 -9 3.7 +1.1
GXPC Global X PureCap MSCI Communication Services ETF 0.3 25 52 3.9 +1.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 42 4.6 +2.0
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 66 4.6 +2.0
ILCV iShares Morningstar Value ETF 0.3 4 73 5.5 +2.9
ENHU iShares Enhanced Large Cap Core Active ETF 0.3 22 55 4.4 +1.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 28 4.1 +1.5
DUHP Dimensional US High Profitability ETF 0.3 21 56 5.3 +2.7
IWC iShares Micro-Cap ETF 0.3 60 17 -1.4 -4.0
USEW Cambria US EW ETF 0.3 30 47 4.3 +1.7
FBCV Fidelity Blue Chip Value ETF 0.3 59 18 6.0 +3.4
EZM WisdomTree U.S. MidCap Fund 0.3 38 39 8.2 +5.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 3.4 +0.8
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 67 4.6 +2.0
THRO iShares U.S. Thematic Rotation Active ETF 0.3 90 -13 3.4 +0.8
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.3 48 29 5.6 +3.0
DIVB iShares Core Dividend ETF 0.3 5 72 7.6 +5.0
VTI Vanguard Total Stock Market ETF 0.3 3 74 4.4 +1.8
GVLU Gotham 1000 Value ETF 0.3 50 27 8.4 +5.8
VTHR Vanguard Russell 3000 ETF 0.3 7 70 4.4 +1.8
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 28 5.0 +2.4
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 48 4.2 +1.6
BLES Inspire Global Hope ETF 0.3 61 16 5.9 +3.3
STXM Strive Mid-Cap ETF 0.3 18 59 5.7 +3.1
SDY State Street SPDR S&P Dividend ETF 0.3 35 42 6.1 +3.5
JVAL JPMorgan U.S. Value Factor ETF 0.3 12 65 7.4 +4.8
DGRW WisdomTree US Quality Dividend Growth Fund 0.3 28 49 5.1 +2.5
SCHB Schwab U.S. Broad Market ETF 0.2 3 74 4.5 +1.9
EBI Longview Advantage ETF 0.2 35 42 6.2 +3.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 74 4.4 +1.8
IWV iShares Russell 3000 ETF 0.2 20 57 4.3 +1.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 74 4.6 +2.0
TOPC iShares S&P 500 3% Capped ETF 0.2 15 62 4.6 +2.0
IYY iShares Dow Jones U.S. ETF 0.2 20 57 4.3 +1.7
XPND First Trust Expanded Technology ETF 0.2 65 12 3.1 +0.5
IXG iShares Global Financials ETF 0.2 42 35 6.4 +3.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 65 3.6 +1.0
VFMF Vanguard U.S. Multifactor ETF 0.2 18 59 6.9 +4.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 66 4.4 +1.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 56 3.1 +0.5
SFGV Sequoia Global Value ETF 0.2 23 54 7.2 +4.6
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 59 4.7 +2.0
DFUS Dimensional U.S. Equity ETF 0.2 9 68 4.3 +1.7
XVV iShares ESG Screened S&P 500 ETF 0.2 8 69 4.4 +1.8
AIPO Defiance AI & Power Infrastructure ETF 0.2 69 8 0.9 -1.7
TEXN iShares Texas Equity ETF 0.2 20 57 5.4 +2.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 57 6.3 +3.7
SCHK Schwab 1000 Index ETF 0.2 5 72 4.5 +1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 68 4.2 +1.6
CHRI Global X S&P 500 Christian Values ETF 0.2 29 48 4.2 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 68 4.6 +2.0
MFVL Motley Fool Value Factor ETF 0.2 50 27 5.9 +3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 68 5.1 +2.4
TRFM AAM Transformers ETF 0.2 49 28 1.1 -1.5
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 57 4.2 +1.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 68 4.3 +1.7
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 49 5.8 +3.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 31 4.9 +2.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 38 7.9 +5.3
OPTZ Optimize Strategy Index ETF 0.2 50 27 3.9 +1.3
VV Vanguard Large-Cap ETF 0.2 4 73 4.3 +1.7
VOO Vanguard S&P 500 ETF 0.2 3 74 4.5 +1.8
SCHX Schwab U.S. Large-Cap ETF 0.2 3 74 4.5 +1.9
QQQ Invesco QQQ Trust Series I 0.2 20 57 3.5 +0.9
QQQM Invesco NASDAQ 100 ETF 0.2 15 62 3.6 +1.0
SMOX Horizon Small/Mid Cap Core Equity ETF 0.2 75 2 5.4 +2.8
IVV iShares Core S&P 500 ETF 0.2 3 74 4.5 +1.9
SPY SPDR S&P 500 ETF 0.2 9 68 4.4 +1.8
SPYM State Street SPDR Portfolio S&P 500 ETF 0.2 2 75 4.5 +1.9
IWB iShares Russell 1000 ETF 0.2 15 62 4.4 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 32 3.9 +1.3
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.2 12 65 5.5 +2.9
VONE Vanguard Russell 1000 ETF 0.2 7 70 4.5 +1.9
PBUS Invesco MSCI USA ETF 0.2 4 73 4.4 +1.8
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 74 4.4 +1.7
TTAC FCF US Quality ETF 0.2 59 18 5.4 +2.8
FVAL Fidelity Value Factor ETF 0.2 15 62 6.3 +3.7
VALQ American Century U.S. Quality Value ETF 0.2 29 48 7.3 +4.7
RAUS RACWI US ETF 0.2 15 62 4.4 +1.8
RECS Columbia Research Enhanced Core ETF 0.2 15 62 5.6 +2.9
VFVA Vanguard U.S. Value Factor ETF 0.2 13 64 9.8 +7.2
STRV Strive 500 ETF 0.2 5 72 4.3 +1.7
GSPY Gotham Enhanced 500 ETF 0.2 50 27 4.7 +2.1
RVRB Reverb ETF 0.2 30 47 4.0 +1.4
APUE ActivePassive U.S. Equity ETF 0.2 45 32 4.2 +1.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 77 4.4 +1.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 70 4.3 +1.7
GXLC Global X U.S. 500 ETF 0.2 2 75 4.3 +1.7
TXS Texas Capital Texas Equity Index ETF 0.2 49 28 5.2 +2.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 75 4.4 +1.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 68 4.2 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 38 7.0 +4.3
GOP Unusual Whales Subversive Republican Trading ETF 0.2 50 27 4.5 +1.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 65 3.7 +1.1
VEGN US Vegan Climate ETF 0.2 60 17 4.2 +1.6
VOTE TCW Transform 500 ETF 0.2 5 72 4.3 +1.7
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 59 4.2 +1.6
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.2 15 62 5.2 +2.6
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 69 4.6 +2.0
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 57 3.5 +0.9
GLOF iShares Global Equity Factor ETF 0.2 20 57 5.8 +3.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 63 4.4 +1.8
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 59 5.9 +3.3
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 54 5.6 +3.0
KLMN Invesco MSCI North America Climate ETF 0.2 9 68 4.5 +1.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.2 10 67 3.8 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 67 4.5 +1.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.2 18 59 3.8 +1.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.2 15 62 3.9 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 32 6.9 +4.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 62 4.5 +1.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 70 4.6 +2.0
FINX Global X FinTech ETF 0.2 68 9 3.2 +0.6
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 59 4.9 +2.3
VT Vanguard Total World Stock ETF 0.2 6 71 5.2 +2.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 57 5.0 +2.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 68 4.6 +2.0
IAK iShares U.S. Insurance ETF 0.1 40 37 7.1 +4.5
TMFX Motley Fool Next Index ETF 0.1 50 27 3.2 +0.6
TOK iShares MSCI Kokusai ETF 0.1 26 51 4.5 +1.9
SFY SoFi Select 500 ETF 0.1 0 77 4.0 +1.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 59 5.8 +3.2
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 67 4.1 +1.5
URTH iShares MSCI World ETF 0.1 24 53 4.5 +1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 67 4.5 +1.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 68 4.6 +2.0
MGC Vanguard Mega Cap ETF 0.1 7 70 4.1 +1.5
IWL iShares Russell Top 200 ETF 0.1 15 62 4.1 +1.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 62 5.2 +2.6
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 48 6.6 +4.0
NUDV Nuveen ESG Dividend ETF 0.1 26 51 6.2 +3.6
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 4.9 +2.3
ACWI iShares MSCI ACWI ETF 0.1 32 45 4.9 +2.3
DAK Dakota Active Equity ETF 0.1 43 34 3.9 +1.3
DGRO iShares Core Dividend Growth ETF 0.1 8 69 5.7 +3.1
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.1 35 42 5.1 +2.4
BMED Future Health ETF 0.1 85 -8 1.2 -1.4
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 37 4.1 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.1 28 49 5.6 +3.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 57 4.5 +1.9
MODL VictoryShares WestEnd U.S. Sector ETF 0.1 42 35 4.3 +1.7
ILCG iShares Morningstar Growth ETF 0.1 4 73 3.3 +0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 67 5.2 +2.6
SMMD iShares Russell 2500 ETF 0.1 15 62 5.8 +3.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 68 4.4 +1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 6.0 +3.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.2 +1.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 47 6.0 +3.4
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 42 4.3 +1.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 67 4.5 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 47 5.2 +2.6
SNPG Xtrackers S&P 500 Growth ESG ETF 0.1 15 62 4.2 +1.6
STXG Strive 1000 Growth ETF 0.1 18 59 3.4 +0.8
ROUS Hartford Multifactor US Equity ETF 0.1 19 58 5.6 +3.0
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 35 3.8 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 69 6.3 +3.7
WSGE Warren Street Global Equity ETF 0.1 80 -3 3.0 +0.3
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.1 43 34 5.0 +2.4
LRND IQ U.S. Large Cap R&D Leaders ETF 0.1 14 63 4.2 +1.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 68 6.2 +3.6
GEW Cambria Global EW ETF 0.1 29 48 5.5 +2.9
EPS WisdomTree U.S. LargeCap Fund 0.1 8 69 5.0 +2.4
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 57 7.4 +4.8
XT iShares Exponential Technologies ETF 0.1 46 31 4.3 +1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 65 4.6 +2.0
IHF iShares U.S. Healthcare Providers ETF 0.1 40 37 8.3 +5.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 58 5.2 +2.6
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 12 3.7 +1.1
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 52 4.3 +1.7
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 54 3.0 +0.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 73 3.3 +0.7
AFMC First Trust Active Factor Mid Cap ETF 0.0 65 12 7.3 +4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 6.7 +4.1
BKIE BNY Mellon International Equity ETF 0.0 4 73 6.0 +3.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 57 5.9 +3.2
PFM Invesco Dividend Achievers ETF 0.0 53 24 4.8 +2.2
AVDE Avantis International Equity ETF 0.0 23 54 6.1 +3.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 59 6.5 +3.9
VIG Vanguard Dividend Appreciation ETF 0.0 5 72 5.1 +2.5
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 73 3.5 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 74 5.9 +3.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.0 40 37 3.6 +1.0
AVIE Avantis  Inflation Focused Equity ETF 0.0 25 52 6.1 +3.5
AVSD Avantis Responsible International Equity ETF 0.0 23 54 6.0 +3.3
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 64 1.8 -0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 47 4.0 +1.4
VHT Vanguard Health Care ETF 0.0 9 68 5.3 +2.6
VGK Vanguard FTSE Europe ETF 0.0 6 71 6.5 +3.9
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 5.2 +2.6
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 59 4.6 +2.0
AVUQ Avantis U.S. Quality ETF 0.0 15 62 3.7 +1.1
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 69 5.5 +2.9
AVDV Avantis International Small Cap Value ETF 0.0 36 41 7.7 +5.1
VEA Vanguard FTSE Developed Markets ETF 0.0 3 74 6.0 +3.4
VSGX Vanguard ESG International Stock ETF 0.0 10 67 6.8 +4.2
APIE ActivePassive International Equity ETF 0.0 45 32 6.4 +3.8
VXUS Vanguard Total International Stock ETF 0.0 5 72 6.7 +4.1
IWF iShares Russell 1000 Growth ETF 0.0 19 58 3.6 +1.0
VONG Vanguard Russell 1000 Growth ETF 0.0 7 70 3.7 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 38 6.1 +3.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 65 3.6 +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

  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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.85 CATEGORY
AVERAGE		 1.57
 
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.