AltShares Merger Arbitrage ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.4x P/Sales
ratio		 1.8x
P/BV
ratio		 2.0x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ARB tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company.

FUND BASICS
Category US Equities
Fund Sponsor Water Island Capital Partners LP
Website www.altsharesetfs.com/arb
Inception date May 07, 2020
Assets (mns) $87
Currency USD
Expense ratio 77 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $8,241
Large cap (>$10bn) 34.0%
Mid cap ($2-10bn) 40.4%
Small cap (<$2bn) 25.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FRONTIER COMMUNICATIONS PARENT, IN 4.6 %
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 July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.5% 6.4% 4.1% -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.04 4%
MSCI EAFE 0.03 3%
MSCI Emg. Mkts. -0.04 3%

Technical Indicators
Recent close $28.90
30d moving avg. $28.77
Annualized volatility 3.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

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

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 607 potential alternatives to the AltShares Merger Arbitrage ETF ETF based on the alternatives' overlap in portfolio holdings with ARB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ARB Expense: 77 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ARB
Ticker Fund
Name		 Overlap1
vs ARB
(%)		 Expense
ratio
(bp)		 Savings
vs ARB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ARB
(%)
RSPC Invesco S&P 500 Equal Weight Communication Services ETF 7.1 40 37 5.5 +1.3
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 6.0 75 2 5.3 +1.1
IYZ iShares U.S. Telecommunications ETF 5.6 40 37 6.0 +1.8
HAPY Harbor Human Capital Factor Unconstrained ETF 4.2 50 27 5.6 +1.4
WTV WisdomTree US Value Fund of Benef Interest 4.2 12 65 8.9 +4.7
GVIP Goldman Sachs Hedge Industry VIP ETF 4.2 45 32 3.3 -0.9
HAPS Harbor Human Capital Factor US Small Cap ETF 3.7 60 17 3.9 -0.3
XTL SPDR S&P Telecom ETF 3.6 35 42 2.1 -2.0
IVEG iShares Emergent Food and AgTech Multisector ETF 3.5 47 30 9.2 +5.0
YALL God Bless America ETF 3.4 65 12 3.6 -0.6
AUSF Global X Adaptive U.S. Factor ETF 3.4 27 50 8.7 +4.5
XMLV Invesco S&P MidCap Low Volatility ETF 3.1 25 52 7.5 +3.3
NUMV Nuveen ESG Mid-Cap Value ETF 3.0 31 46 6.9 +2.7
FCOM Fidelity MSCI Communication Services Index ETF 2.9 8 69 4.5 +0.3
KROP Global X AgTech & Food Innovation ETF 2.8 50 27 6.6 +2.5
XLC Communication Services Select Sector SPDR Fund 2.8 8 69 5.1 +0.9
FPAG FPA Global Equity ETF 2.6 49 28 5.7 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.6 24 53 8.1 +3.9
CNRG SPDR S&P Kensho Clean Power ETF 2.6 45 32 1.0 -3.2
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.5 40 37 7.0 +2.8
INCE Franklin Income Equity Focus ETF 2.5 29 48 5.5 +1.3
SHRY First Trust Bloomberg Shareholder Yield ETF 2.4 60 17 8.0 +3.8
KRE SPDR S&P Regional Banking ETF 2.4 35 42 9.5 +5.3
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 9 7.3 +3.1
PSC Principal U.S. Small-Cap ETF 2.2 38 39 6.8 +2.6
TOGA Tremblant Global ETF 2.1 69 8 1.8 -2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.1 35 42 4.2 +0.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.0 18 59 7.7 +3.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.0 15 62 6.0 +1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 2.0 31 46 2.5 -1.7
IWTR iShares MSCI Water Management Multisector ETF 1.9 47 30 5.8 +1.6
KBE SPDR S&P Bank ETF 1.9 35 42 9.1 +4.9
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 48 6.2 +2.0
VOX Vanguard Communication Services ETF 1.8 9 68 4.6 +0.4
QVAL Alpha Architect US Quantitative Value ETF 1.8 39 38 9.7 +5.6
SSPY Syntax Stratified LargeCap ETF 1.8 30 47 6.7 +2.5
FEOE First Eagle Overseas Equity ETF 1.8 79 -2 8.0 +3.9
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 12 6.4 +2.2
JHSC John Hancock Multifactor Small Cap ETF 1.8 42 35 6.6 +2.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.7 20 57 6.2 +2.0
SIXL ETC 6 Meridian Low Beta Equity ETF 1.7 80 -3 6.1 +1.9
JHMM John Hancock Multifactor Mid Cap ETF 1.6 42 35 6.3 +2.2
SURE AdvisorShares Insiders Advantage ETF 1.6 90 -13 9.5 +5.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.6 40 37 7.0 +2.9
GRPM Invesco S&P MidCap 400 GARP ETF 1.6 35 42 7.5 +3.3
KBWR Invesco KBW Regional Banking ETF 1.6 35 42 9.2 +5.0
IAT iShares U.S. Regional Banks ETF 1.6 40 37 8.9 +4.8
SMCF Themes US Small Cap Cash Flow Champions ETF 1.6 29 48 11.9 +7.7
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 28 11.2 +7.0
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 52 9.7 +5.5
NUDV Nuveen ESG Dividend ETF 1.5 26 51 7.6 +3.4
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.5 27 50 7.0 +2.8
WLDR Affinity World Leaders Equity ETF 1.4 67 10 7.5 +3.4
FEGE First Eagle Global Equity ETF 1.4 79 -2 7.0 +2.8
USMF WisdomTree U.S. Multifactor Fund 1.4 28 49 7.0 +2.8
FLDZ RiverNorth Patriot ETF 1.4 75 2 6.1 +1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 70 6.0 +1.8
TMAT Main Thematic Innovation ETF 1.4 164 -87 -1.5 -5.6
XLP Consumer Staples Select Sector SPDR Fund 1.3 8 69 6.1 +1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 73 6.1 +1.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.3 10 67 8.8 +4.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 57 6.8 +2.6
QDIV Global X S&P 500 Quality Dividend ETF 1.3 20 57 8.6 +4.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 17 7.4 +3.2
FSMD Fidelity Small-Mid Multifactor ETF 1.3 15 62 7.0 +2.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.2 15 62 7.9 +3.7
IQM Franklin Intelligent Machines ETF 1.2 50 27 2.0 -2.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 2 2.9 -1.3
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -4 2.7 -1.4
ACVF American Conservative Values ETF 1.2 75 2 4.3 +0.1
VTWV Vanguard Russell 2000 Value ETF 1.2 10 67 7.3 +3.1
DFAT Dimensional U.S. Targeted Value ETF 1.2 28 49 9.2 +5.0
IWN iShares Russell 2000 Value ETF 1.2 24 53 7.3 +3.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.2 60 17 4.6 +0.4
DRUP GraniteShares Nasdaq Select Disruptors ETF 1.1 60 17 3.9 -0.2
IJJ iShares S&P Mid-Cap 400 Value ETF 1.1 18 59 8.6 +4.5
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 38 9.6 +5.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 2 3.1 -1.1
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 17 9.2 +5.0
MDYV SPDR S&P 400 Mid Cap Value ETF 1.1 15 62 8.7 +4.5
TTAC FCF US Quality ETF 1.1 59 18 6.2 +2.1
USCF Themes US Cash Flow Champions ETF 1.1 29 48 8.6 +4.5
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 37 7.3 +3.1
ISMD Inspire Small/Mid Cap ETF 1.1 54 23 5.5 +1.3
BFOR ALPS Barron's 400 ETF 1.1 65 12 5.9 +1.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.1 39 38 -0.9 -5.1
BBCA JPMorgan BetaBuilders Canada ETF 1.1 19 58 6.3 +2.2
FLCA Franklin FTSE Canada ETF 1.1 9 68 6.5 +2.3
EWC iShares MSCI Canada ETF 1.1 50 27 6.1 +1.9
AVSC Avantis U.S Small Cap Equity ETF 1.1 25 52 5.5 +1.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.1 43 34 6.1 +1.9
VBR Vanguard Small Cap Value ETF 1.0 7 70 9.1 +4.9
PY Principal Value ETF 1.0 15 62 7.1 +3.0
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 47 8.2 +4.0
IYK iShares U.S. Consumer Staples ETF 1.0 40 37 6.4 +2.2
EZM WisdomTree U.S. MidCap Fund 1.0 38 39 9.0 +4.8
DFIV Dimensional International Value ETF 1.0 27 50 9.6 +5.4
ISCV iShares Morningstar Small Cap Value ETF 1.0 6 71 9.2 +5.0
NIXT Research Affiliates Deletions ETF 1.0 9 68 8.7 +4.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 57 5.5 +1.4
STXK Strive Small-Cap ETF 0.9 18 59 5.8 +1.6
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 32 6.1 +1.9
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 28 6.4 +2.2
SUSA iShares MSCI USA ESG Select ETF 0.9 25 52 4.7 +0.5
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.9 18 59 5.8 +1.6
CGGR Capital Group Growth ETF 0.9 39 38 3.1 -1.1
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 67 6.3 +2.1
PWV Invesco Large Cap Value ETF 0.9 55 22 7.0 +2.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 73 5.9 +1.7
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 60 7.0 +2.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.9 29 48 6.4 +2.2
FVD First Trust Value Line Dividend Index Fund 0.9 65 12 6.2 +2.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 57 4.4 +0.2
VTWO Vanguard Russell 2000 ETF 0.9 7 70 4.3 +0.2
VOT Vanguard Mid-Cap Growth ETF 0.9 7 70 3.5 -0.6
VB Vanguard Small-Cap ETF 0.9 5 72 6.1 +1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.8 7 70 7.4 +3.2
VAMO Cambria Value & Momentum ETF 0.8 61 16 5.8 +1.6
FDMO Fidelity Momentum Factor ETF 0.8 15 62 3.6 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 48 8.2 +4.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 30 5.8 +1.6
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.8 8 69 5.8 +1.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 38 5.8 +1.6
NUSC Nuveen ESG Small-Cap ETF 0.8 31 46 5.3 +1.2
PSCF Invesco S&P SmallCap Financials ETF 0.8 29 48 9.0 +4.9
SVAL iShares US Small Cap Value Factor ETF 0.8 20 57 10.2 +6.0
VDC Vanguard Consumer Staples ETF 0.8 9 68 5.8 +1.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.8 6 71 8.0 +3.8
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 55 5.6 +1.4
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 16 8.4 +4.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 68 6.1 +1.9
DON WisdomTree U.S. MidCap Dividend Fund 0.8 38 39 8.7 +4.6
OALC OneAscent Large Cap Core ETF 0.8 86 -9 4.1 -0.1
IFRA iShares U.S. Infrastructure ETF 0.8 30 47 6.4 +2.2
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 25 6.7 +2.5
BIBL Inspire 100 ETF 0.8 35 42 5.1 +0.9
SCHA Schwab U.S. Small-Cap ETF 0.8 4 73 5.9 +1.7
FLRG Fidelity U.S. Multifactor ETF 0.8 15 62 6.9 +2.7
FMET Fidelity Metaverse ETF 0.8 39 38 4.7 +0.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 52 5.6 +1.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 41 10.4 +6.3
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 62 5.8 +1.6
FTXO First Trust Nasdaq Bank ETF 0.7 60 17 8.3 +4.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.7 15 62 7.2 +3.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 53 7.7 +3.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 40 6.0 +1.8
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -3 11.8 +7.6
KNCT Invesco Next Gen Connectivity ETF 0.7 40 37 4.8 +0.7
GOP Unusual Whales Subversive Republican Trading ETF 0.7 50 27 5.5 +1.3
IWS iShares Russell Mid-Cap Value ETF 0.7 23 54 6.7 +2.5
IJH iShares Core S&P Mid-Cap ETF 0.7 5 72 7.3 +3.1
MDY SPDR S&P Midcap 400 ETF Trust 0.7 24 53 7.1 +2.9
NULC Nuveen ESG Large-Cap ETF 0.7 21 56 4.6 +0.4
XMMO Invesco S&P MidCap Momentum ETF 0.7 34 43 5.6 +1.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 65 6.5 +2.3
AVMC Avantis U.S. Mid Cap Equity ETF 0.7 18 59 6.8 +2.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.7 3 74 7.3 +3.1
JHML John Hancock Multifactor Large Cap ETF 0.7 29 48 5.3 +1.1
GINN Goldman Sachs Innovate Equity ETF 0.7 52 25 3.7 -0.5
FNCL Fidelity MSCI Financials Index ETF 0.7 8 69 6.3 +2.1
DFSV Dimensional US Small Cap Value ETF 0.6 31 46 9.9 +5.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.6 58 19 4.2 +0.0
ITAN Sparkline Intangible Value ETF 0.6 50 27 6.6 +2.4
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 38 7.6 +3.4
EQWL Invesco S&P 100 Equal Weight ETF 0.6 25 52 6.2 +2.0
ROE Astoria US Quality Kings ETF 0.6 49 28 6.5 +2.4
UIVM VictoryShares International Value Momentum ETF 0.6 35 42 8.9 +4.8
VO Vanguard Mid-Cap ETF 0.6 4 73 5.7 +1.5
GVLU Gotham 1000 Value ETF 0.6 50 27 8.9 +4.7
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 62 6.0 +1.8
IWM iShares Russell 2000 ETF 0.6 19 58 4.3 +0.1
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 51 6.3 +2.1
RSSL Global X Russell 2000 ETF 0.6 8 69 4.4 +0.2
FVAL Fidelity Value Factor ETF 0.6 15 62 6.8 +2.7
FMAT Fidelity MSCI Materials Index ETF 0.6 8 69 6.0 +1.9
VBK Vanguard Small-Cap Growth ETF 0.6 7 70 1.9 -2.2
XJH iShares ESG Screened S&P Mid-Cap ETF 0.6 12 65 7.0 +2.8
HKND Humankind US Stock ETF 0.6 11 66 7.1 +2.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.6 47 30 8.9 +4.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.6 25 52 8.2 +4.0
DFAS Dimensional U.S. Small Cap ETF 0.6 26 51 6.3 +2.2
TAX Cambria Tax Aware ETF 0.6 49 28 5.0 +0.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 62 8.9 +4.8
WCEO Hypatia Women CEO ETF 0.6 85 -8 3.7 -0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.6 32 45 6.0 +1.8
XPND First Trust Expanded Technology ETF 0.6 65 12 3.9 -0.3
VXF Vanguard Extended Market ETF 0.6 5 72 4.7 +0.5
KXI iShares Global Consumer Staples ETF 0.6 41 36 5.5 +1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 38 5.3 +1.1
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 62 7.7 +3.5
DURA VanEck Durable High Dividend ETF 0.5 29 48 8.5 +4.3
IWR iShares Russell Midcap ETF 0.5 19 58 5.7 +1.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 60 5.7 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 57 6.2 +2.0
ISCB iShares Morningstar Small-Cap ETF 0.5 4 73 6.2 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 68 5.2 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 67 4.9 +0.7
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 59 9.7 +5.5
ZAP Global X U.S. Electrification ETF 0.5 50 27 4.1 -0.1
DXIV Dimensional International Vector Equity ETF 0.5 34 43 7.8 +3.6
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 52 6.3 +2.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 57 6.4 +2.2
LIVR Intelligent Livermore ETF 0.5 69 8 5.4 +1.2
RCGE RockCreek Global Equality ETF 0.5 95 -18 6.7 +2.5
FTEC Fidelity MSCI Information Technology Index ETF 0.5 8 69 3.9 -0.3
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 57 4.6 +0.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 59 6.5 +2.3
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 62 9.7 +5.5
IXP iShares Global Comm Services ETF 0.5 42 35 5.6 +1.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 67 9.7 +5.6
DFIC Dimensional International Core Equity 2 ETF 0.5 23 54 7.4 +3.2
DIHP Dimensional International High Profitability ETF 0.5 29 48 7.2 +3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 57 6.9 +2.8
SFYX SoFi Next 500 ETF 0.5 0 77 5.7 +1.5
FCPI Fidelity Stocks for Inflation ETF 0.5 15 62 7.5 +3.4
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 52 5.3 +1.1
ROUS Hartford Multifactor US Equity ETF 0.5 19 58 7.0 +2.9
STXM Strive Mid-Cap ETF 0.5 18 59 6.1 +2.0
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 73 6.0 +1.8
BGRO iShares Large Cap Growth Active ETF 0.5 55 22 3.0 -1.1
VOE Vanguard Mid-Cap Value ETF 0.5 7 70 7.6 +3.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.5 60 17 3.6 -0.5
AVIV Avantis International Large Cap Value ETF 0.5 25 52 8.6 +4.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.4 39 38 9.3 +5.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 42 7.7 +3.5
PTL Inspire 500 ETF 0.4 9 68 5.2 +1.0
SPVU Invesco S&P 500 Enhanced Value ETF 0.4 13 64 10.0 +5.9
AVUS Avantis U.S. Equity ETF 0.4 15 62 5.7 +1.5
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 67 1.4 -2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 10 67 6.0 +1.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 59 7.1 +3.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 17 7.4 +3.2
FESM Fidelity Enhanced Small Cap ETF 0.4 28 49 7.2 +3.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 62 4.7 +0.5
FMDE Fidelity Enhanced Mid Cap ETF 0.4 23 54 5.7 +1.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 56 3.7 -0.5
SDY SPDR S&P Dividend ETF 0.4 35 42 6.6 +2.4
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 42 4.6 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 53 6.3 +2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 57 5.0 +0.8
CRTC Xtrackers US National Critical Technologies ETF 0.4 35 42 4.8 +0.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 57 2.5 -1.7
CCMG CCM Global Equity ETF 0.4 34 43 8.4 +4.2
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 57 8.6 +4.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 57 6.5 +2.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.4 15 62 4.9 +0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 42 10.0 +5.8
HDV iShares Core High Dividend ETF 0.4 8 69 7.2 +3.0
VONV Vanguard Russell 1000 Value ETF 0.4 7 70 6.5 +2.3
EQIN Columbia US Equity Income ETF 0.4 35 42 6.9 +2.7
TPIF Timothy Plan International ETF 0.4 62 15 6.2 +2.1
DFUV Dimensional US Marketwide Value ETF 0.4 22 55 7.5 +3.3
VSLU Applied Finance Valuation Large Cap ETF 0.4 49 28 5.6 +1.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 68 4.9 +0.7
JAVA JPMorgan Active Value ETF 0.4 44 33 6.4 +2.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 18 7.5 +3.4
VGT Vanguard Information Technology ETF 0.4 9 68 3.9 -0.3
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 73 6.6 +2.4
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 65 7.4 +3.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 62 4.6 +0.4
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 35 4.6 +0.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 65 7.9 +3.7
EES WisdomTree U.S. SmallCap Fund 0.3 38 39 8.6 +4.5
VALQ American Century U.S. Quality Value ETF 0.3 29 48 7.7 +3.5
STXV Strive 1000 Value ETF 0.3 18 59 8.0 +3.8
DEW WisdomTree Global High Dividend Fund 0.3 58 19 8.4 +4.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 45 4.9 +0.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 66 4.9 +0.7
AVSD Avantis Responsible International Equity ETF 0.3 23 54 5.7 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 47 7.9 +3.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 60 5.5 +1.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 52 7.2 +3.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 65 4.5 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 68 4.6 +0.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 67 5.1 +1.0
FDEV Fidelity International Multifactor ETF 0.3 18 59 7.5 +3.3
LST Leuthold Select Industries ETF 0.3 91 -14 5.1 +0.9
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 57 6.5 +2.4
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 38 6.8 +2.6
VOOV Vanguard S&P 500 Value ETF 0.3 7 70 6.3 +2.1
SMMD iShares Russell 2500 ETF 0.3 15 62 6.1 +2.0
IXG iShares Global Financials ETF 0.3 42 35 6.5 +2.4
SNSR Global X Internet of Things ETF 0.3 68 9 4.4 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 9 68 4.8 +0.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 68 4.2 +0.0
DUHP Dimensional US High Profitability ETF 0.3 21 56 6.3 +2.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 60 5.8 +1.6
CZAR Themes Natural Monopoly ETF 0.3 35 42 5.7 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 57 9.4 +5.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 52 7.2 +3.0
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 49 6.3 +2.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 68 5.5 +1.3
DXUV Dimensional US Vector Equity ETF 0.3 28 49 6.2 +2.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 62 5.8 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 62 5.7 +1.5
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 48 7.1 +2.9
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 69 5.3 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 30 8.4 +4.2
SIZE iShares MSCI USA Size Factor ETF 0.3 15 62 6.0 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 47 5.9 +1.8
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 68 6.1 +1.9
MTUM iShares MSCI USA Momentum Factor ETF 0.3 15 62 3.5 -0.7
HDUS Hartford Disciplined US Equity ETF 0.3 19 58 5.7 +1.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 70 5.1 +0.9
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 64 3.0 -1.2
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.3 38 39 6.2 +2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 68 5.7 +1.5
VYMI Vanguard International High Dividend Yield ETF 0.3 17 60 9.5 +5.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 65 7.3 +3.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 62 7.7 +3.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 2 4.0 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 75 4.9 +0.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.3 39 38 11.6 +7.4
RWL Invesco S&P 500 Revenue ETF 0.3 39 38 6.8 +2.6
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 62 4.7 +0.5
VPU Vanguard Utilities ETF 0.3 9 68 5.3 +1.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 52 7.8 +3.6
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 52 5.4 +1.2
CIL VictoryShares International Volatility Wtd ETF 0.3 45 32 6.6 +2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 70 4.8 +0.6
DFVX Dimensional US Large Cap Vector ETF 0.3 22 55 6.2 +2.0
IJR iShares Core S&P Small Cap ETF 0.3 6 71 7.6 +3.4
VYM Vanguard High Dividend Yield Index ETF 0.3 6 71 7.0 +2.8
SPHQ Invesco S&P 500 Quality ETF 0.3 15 62 5.5 +1.3
STXI Strive International Developed Markets ETF 0.3 29 48 6.7 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 58 6.3 +2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 77 4.9 +0.7
VOTE TCW Transform 500 ETF 0.3 5 72 4.8 +0.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 74 7.6 +3.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 7 70 7.6 +3.4
AVDE Avantis International Equity ETF 0.2 23 54 7.4 +3.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 68 5.2 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 68 4.9 +0.7
HLGE Hartford Longevity Economy ETF 0.2 44 33 -0.4 -4.6
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 39 9.2 +5.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 65 6.0 +1.8
IUSV iShares Core S&P US Value ETF 0.2 4 73 6.4 +2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 49 5.9 +1.7
BLES Inspire Global Hope ETF 0.2 61 16 6.8 +2.6
MISL First Trust Indxx Aerospace & Defense ETF 0.2 60 17 2.1 -2.1
PPA Invesco Aerospace & Defense ETF 0.2 58 19 2.5 -1.7
ITA iShares U.S. Aerospace & Defense ETF 0.2 40 37 2.0 -2.2
XAR SPDR S&P Aerospace & Defense ETF 0.2 35 42 2.0 -2.2
TRFM AAM Transformers ETF 0.2 49 28 1.3 -2.9
NATO Themes Transatlantic Defense ETF 0.2 35 42 2.4 -1.8
IUS Invesco RAFI Strategic US ETF 0.2 19 58 6.9 +2.7
IWD iShares Russell 1000 Value ETF 0.2 19 58 6.4 +2.2
ECLN First Trust EIP Carbon Impact ETF 0.2 96 -19 4.0 -0.2
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 18 8.9 +4.7
EBI Longview Advantage ETF 0.2 35 42 6.5 +2.3
DCOR Dimensional US Core Equity 1 ETF 0.2 14 63 5.3 +1.2
VTI Vanguard Total Stock Market ETF 0.2 3 74 4.9 +0.7
DFLV Dimensional US Large Cap Value ETF 0.2 22 55 7.7 +3.5
LRND IQ U.S. Large Cap R&D Leaders ETF 0.2 14 63 5.4 +1.2
FENY Fidelity MSCI Energy Index ETF 0.2 8 69 8.9 +4.8
QDF FlexShares Quality Dividend Index Fund 0.2 37 40 6.2 +2.0
VDE Vanguard Energy ETF 0.2 9 68 8.8 +4.6
VTHR Vanguard Russell 3000 ETF 0.2 7 70 4.8 +0.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 47 7.7 +3.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 57 7.6 +3.4
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 67 4.5 +0.4
VTV Vanguard Value ETF 0.2 4 73 6.9 +2.7
QQQ Invesco QQQ Trust Series I 0.2 20 57 4.1 -0.1
QQQM Invesco NASDAQ 100 ETF 0.2 15 62 4.1 -0.1
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 28 3.8 -0.4
NULG Nuveen ESG Large-Cap Growth ETF 0.2 26 51 3.3 -0.9
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 65 8.1 +3.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 68 7.9 +3.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 52 7.1 +2.9
VONE Vanguard Russell 1000 ETF 0.2 7 70 4.9 +0.7
IVE iShares S&P 500 Value ETF 0.2 18 59 6.1 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 73 6.3 +2.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 10 9.8 +5.6
ILCV iShares Morningstar Value ETF 0.2 4 73 6.4 +2.3
PRXV Praxis Impact Large Cap Value ETF 0.2 36 41 6.5 +2.3
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 67 5.1 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 65 5.8 +1.7
VT Vanguard Total World Stock ETF 0.2 6 71 5.9 +1.7
SCHF Schwab International Equity ETF 0.2 6 71 7.3 +3.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 62 5.9 +1.7
RVRB Reverb ETF 0.2 30 47 4.5 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 73 7.0 +2.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 62 6.7 +2.5
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 41 4.8 +0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 48 7.7 +3.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 52 5.9 +1.7
VOO Vanguard S&P 500 ETF 0.2 3 74 5.0 +0.8
DGRO iShares Core Dividend Growth ETF 0.2 8 69 6.5 +2.3
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 12 4.1 -0.0
DFAU Dimensional US Core Equity Market ETF 0.2 12 65 5.0 +0.8
VEA Vanguard FTSE Developed Markets ETF 0.2 3 74 7.2 +3.0
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 57 4.1 -0.0
GSPY Gotham Enhanced 500 ETF 0.2 50 27 5.2 +1.1
VSGX Vanguard ESG International Stock ETF 0.2 10 67 7.7 +3.5
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 59 5.3 +1.1
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 67 4.9 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 74 7.0 +2.8
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 68 4.7 +0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.2 70 7 10.8 +6.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 68 4.9 +0.8
EPS WisdomTree U.S. LargeCap Fund 0.2 8 69 5.7 +1.5
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 0.1 48 29 8.1 +3.9
VV Vanguard Large-Cap ETF 0.1 4 73 4.8 +0.6
AVIE Avantis  Inflation Focused Equity ETF 0.1 25 52 7.3 +3.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 42 5.1 +0.9
VFH Vanguard Financials ETF 0.1 9 68 6.3 +2.1
MGV Vanguard Mega Cap Value ETF 0.1 7 70 6.6 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 43 7.8 +3.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 74 4.9 +0.7
IWV iShares Russell 3000 ETF 0.1 20 57 4.7 +0.5
SCHB Schwab U.S. Broad Market ETF 0.1 3 74 5.0 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 32 8.8 +4.7
TXS Texas Capital Texas Equity Index ETF 0.1 49 28 5.6 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 62 5.3 +1.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 42 5.9 +1.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 37 5.8 +1.6
BKIE BNY Mellon International Equity ETF 0.1 4 73 7.0 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 73 8.1 +4.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 65 4.5 +0.3
VLUE iShares MSCI USA Value Factor ETF 0.1 15 62 9.5 +5.3
TOK iShares MSCI Kokusai ETF 0.1 26 51 5.0 +0.8
IYY iShares Dow Jones U.S. ETF 0.1 20 57 4.8 +0.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 16 5.9 +1.7
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 70 7.9 +3.8
VXUS Vanguard Total International Stock ETF 0.1 5 72 7.9 +3.7
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 4 10.5 +6.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 35 5.4 +1.2
VUG Vanguard Growth ETF 0.1 4 73 4.0 -0.2
IYG iShares US Financial Services ETF 0.1 40 37 5.2 +1.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 48 4.4 +0.3
SHE SPDR MSCI USA Gender Diversity ETF 0.1 20 57 5.0 +0.8
SCHK Schwab 1000 Index ETF 0.1 5 72 5.0 +0.8
URTH iShares MSCI World ETF 0.1 24 53 5.1 +0.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 71 2.9 -1.3
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 73 4.0 -0.2
IWB iShares Russell 1000 ETF 0.1 15 62 4.8 +0.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 74 5.1 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 48 4.6 +0.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 18 5.8 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 36 7.5 +3.3
ROSC Hartford Multifactor Small Cap ETF 0.1 34 43 9.2 +5.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 64 10.8 +6.6
VEGN US Vegan Climate ETF 0.1 60 17 4.5 +0.3
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 32 10.4 +6.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 17 3.9 -0.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 66 5.1 +0.9
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 71 3.9 -0.2
APIE ActivePassive International Equity ETF 0.1 45 32 7.6 +3.4
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -18 5.2 +1.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 67 5.7 +1.5
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 59 5.1 +1.0
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 35 7.2 +3.1
ACWI iShares MSCI ACWI ETF 0.1 32 45 5.5 +1.4
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.1 19 58 5.3 +1.1
IYF iShares U.S. Financials ETF 0.1 40 37 5.7 +1.6
WRND IQ Global Equity R&D Leaders ETF 0.1 18 59 8.2 +4.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 59 7.9 +3.7
EIPX FT Energy Income Partners Strategy ETF 0.1 95 -18 7.5 +3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 65 5.2 +1.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 74 4.8 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 52 9.6 +5.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 69 4.8 +0.6
SCHX Schwab U.S. Large-Cap ETF 0.1 3 74 4.9 +0.8
LRGF iShares U.S. Equity Factor ETF 0.1 8 69 5.4 +1.2
IWO iShares Russell 2000 Growth ETF 0.1 24 53 1.3 -2.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 2 5.3 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 38 6.7 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 38 7.9 +3.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 59 4.6 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 57 4.7 +0.5
DFUS Dimensional U.S. Equity ETF 0.1 9 68 4.8 +0.6
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 73 6.7 +2.5
IVV iShares Core S&P 500 ETF 0.1 3 74 4.9 +0.8
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 75 4.9 +0.8
SPY SPDR S&P 500 ETF Trust 0.1 9 68 4.9 +0.7
PBUS Invesco MSCI USA ETF 0.1 4 73 4.8 +0.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 67 4.3 +0.1
DIVB iShares Core Dividend ETF 0.1 5 72 8.0 +3.8
IWC iShares Micro-Cap ETF 0.1 60 17 -0.8 -5.0
XHE SPDR S&P Health Care Equipment ETF 0.1 35 42 3.6 -0.6
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 69 4.4 +0.2
VCR Vanguard Consumer Discretionary ETF 0.1 9 68 4.3 +0.2
STRV Strive 500 ETF 0.1 5 72 4.8 +0.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 38 9.6 +5.4
VIS Vanguard Industrials ETF 0.1 9 68 4.5 +0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 17 7.3 +3.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 42 7.1 +3.0
DSI iShares MSCI KLD 400 Social ETF 0.1 25 52 4.8 +0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 32 4.4 +0.2
MADE iShares U.S. Manufacturing ETF 0.1 40 37 5.1 +0.9
APUE ActivePassive U.S. Equity ETF 0.1 45 32 4.6 +0.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 69 4.4 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 28 6.8 +2.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 28 4.8 +0.6
IYJ iShares U.S. Industrials ETF 0.1 40 37 4.6 +0.4
DFIS Dimensional International Small Cap ETF 0.1 39 38 7.3 +3.1
OEF iShares S&P 100 ETF 0.1 20 57 4.5 +0.3
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 54 3.4 -0.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 69 4.9 +0.8
AVDS Avantis International Small Cap Equity ETF 0.1 30 47 7.3 +3.1
SCHC Schwab International Small-Cap Equity ETF 0.1 11 66 6.6 +2.5
IHI iShares U.S. Medical Devices ETF 0.1 40 37 3.9 -0.3
GLOF iShares Global Equity Factor ETF 0.1 20 57 6.5 +2.3
MGC Vanguard Mega Cap ETF 0.1 7 70 4.6 +0.5
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 35 4.2 +0.1
VOOG Vanguard S&P 500 Growth ETF 0.1 7 70 4.1 -0.1
FBCG Fidelity Blue Chip Growth ETF 0.1 59 18 2.8 -1.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 42 9.3 +5.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 72 7.9 +3.7
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 59 6.7 +2.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 37 6.9 +2.7
SFY SoFi Select 500 ETF 0.0 0 77 4.4 +0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 69 6.1 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 57 5.6 +1.5
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -12 4.8 +0.6
IQDF FlexShares International Quality Dividend Index Fund 0.0 47 30 8.9 +4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 38 5.8 +1.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 67 4.3 +0.1
VIG Vanguard Dividend Appreciation ETF 0.0 5 72 5.6 +1.4
PFM Invesco Dividend Achievers ETF 0.0 53 24 5.3 +1.1
GWX SPDR S&P International Small Cap ETF 0.0 40 37 6.0 +1.8
STXG Strive 1000 Growth ETF 0.0 18 59 3.8 -0.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 63 4.8 +0.7
VFMF Vanguard U.S. Multifactor ETF 0.0 18 59 7.9 +3.7
ILCG iShares Morningstar Growth ETF 0.0 4 73 3.6 -0.6
AVDV Avantis International Small Cap Value ETF 0.0 36 41 9.5 +5.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 53 7.4 +3.2
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 52 5.3 +1.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 73 4.2 -0.0
IEUR iShares Core MSCI Europe ETF 0.0 11 66 7.4 +3.2
SPEU SPDR Portfolio Europe ETF 0.0 7 70 7.4 +3.2
VGK Vanguard FTSE Europe ETF 0.0 6 71 7.5 +3.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 65 4.5 +0.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 49 5.4 +1.3
VHT Vanguard Health Care ETF 0.0 9 68 6.2 +2.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 70 7.0 +2.8
IWF iShares Russell 1000 Growth ETF 0.0 19 58 4.4 +0.2
VONG Vanguard Russell 1000 Growth ETF 0.0 7 70 4.4 +0.3
AVUQ Avantis U.S. Quality ETF 0.0 15 62 4.4 +0.2
DUSA Davis Select U.S. Equity ETF 0.0 61 16 7.3 +3.1
EQRR ProShares Equities for Rising Rates ETF 0.0 35 42 8.0 +3.8
FDLO Fidelity Low Volatility Factor ETF 0.0 15 62 5.4 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.0 46 31 9.9 +5.7
JEPI JPMorgan Equity Premium Income ETF 0.0 35 42 5.6 +1.4
NETZ TCW Transform Systems ETF 0.0 75 2 2.5 -1.7
REVS Columbia Research Enhanced Value ETF 0.0 19 58 7.5 +3.4
SIXA ETC 6 Meridian Mega Cap Equity ETF 0.0 80 -3 6.7 +2.5
TPHD Timothy Plan High Dividend Stock ETF 0.0 52 25 7.0 +2.8
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.0 54 23 7.0 +2.8
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.0 52 25 5.5 +1.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.0 58 19 5.4 +1.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.0 55 22 5.8 +1.6
JGRO JPMorgan Active Growth ETF 0.0 44 33 3.4 -0.8
BKWO BNY Mellon Women's Opportunities ETF 0.0 50 27 3.6 -0.6
VFLO VictoryShares Free Cash Flow ETF 0.0 39 38 10.4 +6.2
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 59 5.2 +1.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 59 4.6 +0.5
JGLO JPMorgan Global Select Equity ETF 0.0 33 44 4.9 +0.8
CGDG Capital Group Dividend Growers ETF 0.0 47 30 6.3 +2.1
KOCG FIS Knights of Columbus Global Belief ETF 0.0 75 2 5.2 +1.0
ASLV Allspring Special Large Value ETF 0.0 35 42 6.4 +2.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.0 39 38 11.0 +6.8
RFFC ALPS Active Equity Opportunity ETF 0.0 48 29 4.4 +0.2
AFLG First Trust Active Factor Large Cap ETF 0.0 55 22 6.3 +2.1
FCG First Trust Natural Gas ETF 0.0 60 17 19.6 +15.4
FTDS First Trust Dividend Strength ETF 0.0 70 7 7.5 +3.3
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 0.0 60 17 9.0 +4.9
FTXN First Trust Nasdaq Oil & Gas ETF 0.0 60 17 12.1 +7.9
FXN First Trust Energy AlphaDEX Fund 0.0 62 15 13.6 +9.4
HAP VanEck Natural Resources ETF 0.0 50 27 9.4 +5.2
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.0 25 52 11.1 +6.9
KRMA Global X Conscious Companies ETF 0.0 43 34 5.8 +1.6
DIVG Invesco S&P 500 High Dividend Growers ETF 0.0 39 38 8.3 +4.2
PXI Invesco Dorsey Wright Energy Momentum ETF 0.0 60 17 7.1 +2.9
RSPG Invesco S&P 500 Equal Weight Energy ETF 0.0 40 37 10.6 +6.4
SCHD Schwab US Dividend Equity ETF 0.0 6 71 9.6 +5.4
FILL iShares MSCI Global Energy Producers ETF 0.0 39 38 11.6 +7.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.0 40 37 12.3 +8.2
IGE iShares North American Natural Resources ETF 0.0 41 36 7.5 +3.3
IWL iShares Russell Top 200 ETF 0.0 15 62 4.6 +0.4
IWX iShares Russell Top 200 Value ETF 0.0 20 57 6.2 +2.0
IXC iShares Global Energy ETF 0.0 44 33 10.0 +5.8
IYE iShares U.S. Energy ETF 0.0 40 37 8.8 +4.6
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -13 4.0 -0.2
DGT SPDR Global Dow ETF 0.0 50 27 7.0 +2.8
GNR SPDR S&P Global Natural Resources ETF 0.0 40 37 11.0 +6.8
NANR SPDR S&P North American Natural Resources ETF 0.0 35 42 7.9 +3.7
XLE Energy Select Sector SPDR Fund 0.0 8 69 8.9 +4.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.0 35 42 14.6 +10.4
AIEQ AI Powered Equity ETF 0.0 75 2 3.7 -0.5
COWZ Pacer US Cash Cows 100 ETF 0.0 49 28 9.3 +5.1
FUNL CornerCap Fundametrics Large-Cap ETF 0.0 50 27 7.2 +3.0
GCOW Pacer Global Cash Cows Dividend ETF 0.0 60 17 10.9 +6.7
HLAL Wahed FTSE USA Shariah ETF 0.0 50 27 4.7 +0.6
MAGA Point Bridge America First ETF 0.0 72 5 5.7 +1.5
DRLL Strive U.S. Energy ETF 0.0 41 36 9.9 +5.7
PRAY FIS Christian Stock Fund 0.0 69 8 5.1 +0.9
ECML Euclidean Fundamental Value ETF 0.0 95 -18 11.1 +6.9
NVIR Horizon Kinetics Energy and Remediation ETF 0.0 85 -8 6.8 +2.6
DIVL Madison Dividend Value ETF 0.0 65 12 5.8 +1.6
FTWO Strive FAANG 2.0 ETF 0.0 49 28 4.3 +0.1
SMRI Bushido Capital US Equity ETF 0.0 71 6 9.5 +5.4
GINX SGI Enhanced Global Income ETF 0.0 98 -21 7.1 +2.9
LGCF Themes US Cash Flow Champions ETF 0.0 30 47 8.2 +4.0
HGRO Hedgeye Quality Growth ETF 0.0 70 7 3.4 -0.8
PRXG Praxis Impact Large Cap Growth ETF 0.0 36 41 3.6 -0.5
TIME Clockwise Core Equity & Innovation ETF -0.1 95 -18 2.9 -1.3

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 AltShares Merger Arbitrage ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.91 CATEGORY
AVERAGE		 1.59
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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