VanEck Oil Refiners ETF
ALTAR
Score™		 11.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 16.7x P/Sales
ratio		 0.3x
P/BV
ratio		 1.2x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VanEck Vectors Oil Refiners ETF tracks an index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. The index is market-cap-weighted.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck
Website www.vaneck.com
Inception date Aug 18, 2015
Assets (mns) $30
Currency USD
Expense ratio 61 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $20,608
Large cap (>$10bn) 52.8%
Mid cap ($2-10bn) 42.8%
Small cap (<$2bn) 4.4%
Developed mkts 63.8%
Emerging mkts 36.2%

TOP TEN HOLDINGS
MARATHON PETROLEUM 7.8 %
RELIANCE INDS-SPONS GDR 144A 7.8 %
PHILLIPS 66 6.7 %
POLSKI KONCERN NAFTOWY SA 6.7 %
VALERO ENERGY CORP 6.6 %
HYUNDAI ROBOTICS CO., LTD. 5.5 %
JX HOLDINGS INC 5.3 %
NESTE OIL OYJ 4.8 %
GALP ENERGIA SGPS SA-B SHRS 4.4 %
HF SINCLAIR CORPORATION 4.4 %
Total 60.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 30.3 %
JAPAN 12.3 %
SOUTH KOREA 11.3 %
INDIA 7.8 %
POLAND 6.7 %
FINLAND 4.8 %
PORTUGAL 4.4 %
AUSTRIA 4.1 %
TURKEY 4.0 %
HUNGARY 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
42.2% 25.1% 18.7% 9.4% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.80 33%
MSCI EAFE 0.61 25%
MSCI Emg. Mkts. 0.41 13%

Technical Indicators
Recent close $40.44
30d moving avg. $37.75
Annualized volatility 18.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 0.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 13
Turnover 1.7%
Bid/Ask (% of price) 0.88%
ADV underlying (mns) $1,077

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 553 potential alternatives to the VanEck Oil Refiners ETF ETF based on the alternatives' overlap in portfolio holdings with CRAK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CRAK Expense: 61 bp ALTAR Score™: 11.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CRAK
Ticker Fund
Name		 Overlap1
vs CRAK
(%)		 Expense
ratio
(bp)		 Savings
vs CRAK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CRAK
(%)
IEO iShares U.S. Oil & Gas Exploration & Production ETF 22.2 40 21 13.4 +2.1
PXI Invesco Dorsey Wright Energy Momentum ETF 16.6 60 1 6.6 -4.7
DRLL Strive U.S. Energy ETF 16.4 41 20 10.2 -1.1
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 16.1 35 26 14.5 +3.1
PXE Invesco Energy Exploration & Production ETF 14.9 60 1 16.4 +5.0
RSPG Invesco S&P 500 Equal Weight Energy ETF 13.8 40 21 11.0 -0.3
XLE The Energy Select Sector SPDR Fund 11.9 8 53 9.0 -2.3
IYE iShares U.S. Energy ETF 10.8 40 21 8.9 -2.5
VDE Vanguard Energy ETF 10.1 9 52 9.0 -2.4
GXPE Global X PureCap MSCI Energy ETF 10.0 25 36 8.7 -2.6
FTXN First Trust Nasdaq Oil & Gas ETF 9.7 60 1 12.2 +0.9
FENY Fidelity MSCI Energy Index ETF 9.7 8 53 9.0 -2.3
TCV Towle Value ETF 8.4 85 -24 11.6 +0.2
DGIN VanEck Digital India ETF 7.8 71 -10 1.8 -9.5
NDIA Global X India Active ETF 7.8 75 -14 5.2 -6.1
IXC iShares Global Energy ETF 7.7 44 17 9.8 -1.5
EPOL iShares MSCI Poland ETF 6.7 59 2 10.8 -0.5
EQRR ProShares Equities for Rising Rates ETF 6.5 35 26 7.9 -3.5
IGE iShares North American Natural Resources ETF 6.2 41 20 7.5 -3.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 6.2 39 22 11.7 +0.3
RFV Invesco S&P Midcap 400 Pure Value ETF 6.0 35 26 13.3 +2.0
FXN First Trust Energy AlphaDEX Fund 6.0 62 -1 15.0 +3.7
LYLD Cambria Large Cap Shareholder Yield ETF 5.9 59 2 9.9 -1.5
SURE AdvisorShares Insiders Advantage ETF 5.9 90 -29 9.8 -1.5
QDIV Global X S&P 500 Quality Dividend ETF 5.8 20 41 9.1 -2.3
RPV Invesco S&P 500 Pure Value ETF 5.6 35 26 10.4 -1.0
DIVY Sound Equity Dividend Income ETF 5.3 45 16 10.1 -1.3
NANR SPDR S&P North American Natural Resources ETF 4.7 35 26 8.0 -3.3
PWV Invesco Large Cap Value ETF 4.5 55 6 7.6 -3.8
EV Mast Global Battery Recycling & Production ETF 4.4 65 -4 6.7 -4.6
IDOG ALPS International Sector Dividend Dogs ETF 4.3 50 11 11.4 +0.1
FDD First Trust Stoxx European Select Dividend Index Fund 4.3 58 3 11.1 -0.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.3 67 -6 14.6 +3.3
SYLD Cambria Shareholder Yield ETF 4.3 59 2 12.8 +1.5
GNR SPDR S&P Global Natural Resources ETF 4.1 40 21 10.3 -1.0
EWO iShares MSCI Austria ETF 4.1 50 11 9.9 -1.5
AMZA InfraCap MLP ETF 4.1 164 -103 8.3 -3.0
TUR iShares MSCI Turkey ETF 4.0 58 3 17.1 +5.8
EFNL iShares MSCI Finland ETF 3.7 56 5 6.3 -5.1
SPVU Invesco S&P 500 Enhanced Value ETF 3.5 13 48 10.2 -1.2
DVYE iShares Emerging Markets Dividend ETF 3.5 49 12 17.5 +6.2
LGCF Themes US Cash Flow Champions ETF 3.4 30 31 8.2 -3.2
PKW Invesco Buyback Achievers ETF 3.3 62 -1 8.2 -3.1
VOE Vanguard Mid-Cap Value ETF 3.2 7 54 7.8 -3.5
USCF Themes US Cash Flow Champions ETF 3.2 29 32 8.7 -2.6
DGLO First Trust RBA Deglobalization ETF 3.1 70 -9 6.8 -4.5
HAP VanEck Natural Resources ETF 3.0 50 11 8.9 -2.5
GVAL Cambria Global Value ETF 3.0 68 -7 10.5 -0.9
IMCV iShares Morningstar Mid-Cap Value ETF 2.9 6 55 8.2 -3.1
GQI Natixis Gateway Quality Income ETF 2.9 34 27 5.0 -6.4
VFLO VictoryShares Free Cash Flow ETF 2.8 39 22 10.3 -1.1
EYLD Cambria Emerging Shareholder Yield ETF 2.8 66 -5 11.4 +0.1
PY Principal Value ETF 2.7 15 46 7.3 -4.0
WWJD Inspire International ETF 2.7 80 -19 7.0 -4.3
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.6 20 41 10.3 -1.0
WTV WisdomTree US Value Fund of Benef Interest 2.6 12 49 9.0 -2.3
SCHD Schwab US Dividend Equity ETF 2.6 6 55 10.2 -1.2
SMCF Themes US Small Cap Cash Flow Champions ETF 2.6 29 32 11.8 +0.5
VFVA Vanguard U.S. Value Factor ETF 2.6 13 48 11.0 -0.4
TEXN iShares Texas Equity ETF 2.6 20 41 6.0 -5.3
RWK Invesco S&P MidCap 400 Revenue ETF 2.6 39 22 9.8 -1.5
AVIE Avantis  Inflation Focused Equity ETF 2.6 25 36 7.2 -4.1
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.5 60 1 7.9 -3.4
DVY iShares Select Dividend ETF 2.5 38 23 9.2 -2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.4 95 -34 10.7 -0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.3 25 36 6.1 -5.2
SPDV AAM S&P 500 High Dividend Value ETF 2.3 29 32 12.1 +0.8
IPKW Invesco International BuyBack Achievers ETF 2.2 55 6 8.8 -2.6
SMRI Bushido Capital US Equity ETF 2.2 71 -10 10.1 -1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 1 10.7 -0.6
RWL Invesco S&P 500 Revenue ETF 2.2 39 22 6.8 -4.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -19 11.1 -0.2
SDOG ALPS Sector Dividend Dogs ETF 2.1 36 25 9.7 -1.6
AFOS ARS Focused Opportunities Strategy ETF 2.1 45 16 3.1 -8.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.1 80 -19 9.2 -2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 2.1 37 24 7.8 -3.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -9 11.6 +0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.0 75 -14 9.5 -1.9
VAMO Cambria Value & Momentum ETF 2.0 61 0 6.4 -4.9
FNDX Schwab Fundamental US Large Co. Index ETF 2.0 25 36 7.3 -4.1
MAGA Point Bridge America First ETF 2.0 72 -11 6.4 -5.0
MBOX Freedom Day Dividend ETF 2.0 39 22 7.8 -3.6
CCMG CCM Global Equity ETF 2.0 34 27 8.2 -3.1
FNDB Schwab Fundamental US Broad Market Index ETF 1.9 25 36 7.4 -4.0
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 4 8.6 -2.8
GREK Global X MSCI Greece ETF 1.9 57 4 10.9 -0.4
DFLV Dimensional US Large Cap Value ETF 1.9 22 39 7.6 -3.7
SSPY Syntax Stratified LargeCap ETF 1.9 30 31 6.8 -4.6
IWS iShares Russell Mid-Cap Value ETF 1.9 23 38 7.2 -4.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.9 65 -4 6.5 -4.9
VO Vanguard Mid-Cap ETF 1.9 4 57 5.9 -5.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.8 65 -4 10.2 -1.2
IUS Invesco RAFI Strategic US ETF 1.8 19 42 6.8 -4.6
FJP First Trust Japan AlphaDEX Fund 1.8 80 -19 8.3 -3.1
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 2 11.3 -0.0
TPHD Timothy Plan High Dividend Stock ETF 1.8 52 9 7.3 -4.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 1.7 54 7 7.3 -4.1
ULVM VictoryShares US Value Momentum ETF 1.7 20 41 7.4 -4.0
BLES Inspire Global Hope ETF 1.7 61 0 6.8 -4.6
FEUZ First Trust Eurozone AlphaDEX ETF 1.7 80 -19 7.7 -3.7
VRAI Virtus Real Asset Income ETF 1.7 55 6 10.7 -0.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 1.7 35 26 7.9 -3.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 37 7.1 -4.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 1.6 38 23 7.8 -3.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.6 18 43 7.8 -3.5
DFEV Dimensional Emerging Markets Value ETF 1.6 43 18 11.6 +0.2
LGRO Level Four Large Cap Growth Active ETF 1.6 55 6 4.1 -7.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 1.5 12 49 7.4 -3.9
FLKR Franklin FTSE South Korea ETF 1.5 9 52 6.9 -4.5
PEY Invesco High Yield Equity Dividend Achievers ETF 1.5 52 9 10.4 -1.0
IWR iShares Russell Midcap ETF 1.4 19 42 6.2 -5.1
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 1.4 7 54 11.1 -0.2
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 57 6.2 -5.2
UIVM VictoryShares International Value Momentum ETF 1.4 35 26 8.3 -3.1
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 54 10.1 -1.3
QINT American Century Quality Diversified International ETF 1.4 39 22 6.8 -4.6
EWY iShares MSCI South Korea ETF 1.4 58 3 6.1 -5.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.4 49 12 9.1 -2.2
PRXV Praxis Impact Large Cap Value ETF 1.4 36 25 6.7 -4.6
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 49 7.9 -3.4
PRF Invesco FTSE RAFI US 1000 ETF 1.3 39 22 6.8 -4.6
LEAD Siren DIVCON Leaders Dividend ETF 1.3 43 18 4.3 -7.0
VIDI Vident International Equity Strategy ETF 1.3 61 0 10.3 -1.1
PSCE Invesco S&P SmallCap Energy ETF 1.3 29 32 9.6 -1.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.3 35 26 10.3 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 36 9.0 -2.4
VWID Virtus WMC International Dividend ETF 1.3 49 12 7.9 -3.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.3 63 -2 12.6 +1.3
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.2 49 12 9.2 -2.2
NIXT Research Affiliates Deletions ETF 1.2 9 52 8.4 -3.0
QDF FlexShares Quality Dividend Index Fund 1.2 37 24 6.3 -5.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.2 29 32 6.5 -4.9
SNPV Xtrackers S&P 500 Value ESG ETF 1.2 15 46 6.9 -4.4
QLC FlexShares US Quality Large Cap Index Fund 1.2 25 36 5.2 -6.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.2 79 -18 6.1 -5.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 8 7.0 -4.3
STXV Strive 1000 Value ETF 1.2 18 43 8.2 -3.1
JMOM JPMorgan U.S. Momentum Factor ETF 1.1 12 49 4.5 -6.9
SDIV Global X Superdividend ETF 1.1 58 3 41.7 +30.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 5 10.3 -1.0
DSMC Distillate Small/Mid Cash Flow ETF 1.1 55 6 12.9 +1.5
AVMV Avantis U.S. Mid Cap Value ETF 1.1 20 41 9.0 -2.3
EIPX FT Energy Income Partners Strategy ETF 1.1 95 -34 8.3 -3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 29 6.3 -5.1
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 1 9.5 -1.8
XOEF iShares S&P 500 ex S&P 100 ETF 1.1 20 41 5.6 -5.7
DEW WisdomTree Global High Dividend Fund 1.1 58 3 8.3 -3.1
DSTL Distillate US Fundamental Stability & Value ETF 1.1 39 22 8.8 -2.6
DFSV Dimensional US Small Cap Value ETF 1.1 31 30 10.5 -0.8
DIVG Invesco S&P 500 High Dividend Growers ETF 1.1 39 22 8.6 -2.8
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 26 4.7 -6.7
REVS Columbia Research Enhanced Value ETF 1.0 19 42 7.8 -3.6
IDV iShares International Select Dividend ETF 1.0 51 10 10.0 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.0 24 37 7.1 -4.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 32 8.8 -2.6
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -19 11.9 +0.5
SPGP Invesco S&P 500 GARP ETF 1.0 34 27 6.8 -4.6
TPIF Timothy Plan International ETF 1.0 62 -1 6.0 -5.4
LRGF iShares U.S. Equity Factor ETF 1.0 8 53 5.4 -6.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.9 20 41 7.2 -4.2
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.9 60 1 5.2 -6.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -19 8.5 -2.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.9 60 1 6.6 -4.7
DFUV Dimensional US Marketwide Value ETF 0.9 22 39 7.5 -3.9
WLDR Affinity World Leaders Equity ETF 0.9 67 -6 7.1 -4.2
VYM Vanguard High Dividend Yield Index ETF 0.9 6 55 7.1 -4.2
THD iShares MSCI Thailand ETF 0.9 58 3 0.0 -11.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.9 15 46 9.0 -2.3
DFIV Dimensional International Value ETF 0.9 27 34 8.9 -2.4
DXJ WisdomTree Japan Hedged Equity Fund 0.9 48 13 6.7 -4.6
AVES Avantis Emerging Markets Value ETF 0.8 36 25 10.5 -0.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.8 18 43 8.8 -2.6
DFVX Dimensional US Large Cap Vector ETF 0.8 22 39 6.3 -5.1
EQIN Columbia US Equity Income ETF 0.8 35 26 6.9 -4.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 22 15.1 +3.7
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 44 13.5 +2.2
FTWO Strive FAANG 2.0 ETF 0.8 49 12 4.3 -7.0
VLUE iShares MSCI USA Value Factor ETF 0.8 15 46 8.9 -2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 31 8.5 -2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 16 8.3 -3.0
PTL Inspire 500 ETF 0.8 9 52 5.3 -6.0
ROUS Hartford Multifactor US Equity ETF 0.8 19 42 6.9 -4.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.8 15 46 8.8 -2.5
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 17 10.9 -0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 0.8 28 33 6.0 -5.3
QGRO American Century U.S. Quality Growth ETF 0.8 29 32 3.7 -7.7
AVIV Avantis International Large Cap Value ETF 0.8 25 36 8.2 -3.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.8 10 51 8.9 -2.4
EWJV iShares MSCI Japan Value ETF 0.8 15 46 8.1 -3.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 52 6.2 -5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 23 8.3 -3.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 17 10.3 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.7 25 36 11.7 +0.3
DIM WisdomTree International MidCap Dividend Fund 0.7 58 3 7.1 -4.2
GLOF iShares Global Equity Factor ETF 0.7 20 41 6.6 -4.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 25 7.1 -4.3
TXS Texas Capital Texas Equity Index ETF 0.7 49 12 5.9 -5.4
VTV Vanguard Value ETF 0.7 4 57 6.9 -4.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.7 52 9 5.7 -5.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.7 58 3 5.7 -5.7
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -22 9.9 -1.5
BKWO BNY Mellon Women's Opportunities ETF 0.7 50 11 3.7 -7.6
AVMC Avantis U.S. Mid Cap Equity ETF 0.7 18 43 6.9 -4.4
DTD WisdomTree U.S. Total Dividend Fund 0.7 28 33 6.3 -5.0
FEP First Trust Europe AlphaDEX Fund 0.7 80 -19 8.0 -3.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 49 6.5 -4.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.7 22 39 5.9 -5.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 32 7.4 -4.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.7 20 41 6.4 -5.0
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 36 9.0 -2.3
WCEO Hypatia Women CEO ETF 0.7 85 -24 3.1 -8.2
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 31 7.3 -4.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.7 25 36 8.9 -2.4
HLAL Wahed FTSE USA Shariah ETF 0.7 50 11 4.6 -6.8
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 52 6.3 -5.1
AVSC Avantis U.S Small Cap Equity ETF 0.7 25 36 5.3 -6.0
IUSV iShares Core S&P US Value ETF 0.7 4 57 6.4 -4.9
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 26 8.3 -3.0
IVE iShares S&P 500 Value ETF 0.7 18 43 6.1 -5.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.7 20 41 6.0 -5.3
INEQ Columbia International Equity Income ETF 0.7 45 16 7.5 -3.8
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.7 4 57 6.3 -5.1
VOOV Vanguard S&P 500 Value ETF 0.6 7 54 6.2 -5.1
EPS WisdomTree U.S. LargeCap Fund 0.6 8 53 5.6 -5.7
SIZE iShares MSCI USA Size Factor ETF 0.6 15 46 6.1 -5.3
JPXN iShares JPX-Nikkei 400 ETF 0.6 48 13 6.2 -5.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.6 19 42 6.3 -5.0
JHMD John Hancock Multifactor Developed International ETF 0.6 39 22 7.1 -4.2
CIL VictoryShares International Volatility Wtd ETF 0.6 45 16 6.3 -5.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.6 10 51 4.9 -6.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 36 6.8 -4.5
ISCV iShares Morningstar Small Cap Value ETF 0.6 6 55 9.4 -2.0
EBI Longview Advantage ETF 0.6 35 26 6.7 -4.7
ILCV iShares Morningstar Value ETF 0.6 4 57 6.3 -5.0
RSP Invesco S&P 500 Equal Weight ETF 0.6 20 41 6.8 -4.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.6 14 47 4.8 -6.5
JHML John Hancock Multifactor Large Cap ETF 0.6 29 32 5.3 -6.1
IWD iShares Russell 1000 Value ETF 0.6 19 42 6.4 -4.9
VONV Vanguard Russell 1000 Value ETF 0.6 7 54 6.6 -4.8
DHS WisdomTree U.S. High Dividend Fund 0.6 38 23 8.3 -3.1
FLJP Franklin FTSE Japan ETF 0.6 9 52 5.8 -5.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 12 9.1 -2.2
AVUV Avantis U.S. Small Cap Value ETF 0.6 25 36 10.0 -1.4
BBJP JPMorgan BetaBuilders Japan ETF 0.6 19 42 6.0 -5.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.6 47 14 5.6 -5.7
DSI iShares MSCI KLD 400 Social ETF 0.6 25 36 4.8 -6.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 26 15.6 +4.3
DXUV Dimensional US Vector Equity ETF 0.6 28 33 6.1 -5.2
FRDM Freedom 100 Emerging Markets ETF 0.6 49 12 7.2 -4.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 22 9.9 -1.4
XCEM Columbia EM Core ex-China ETF 0.6 16 45 7.4 -3.9
FLJH Franklin FTSE Japan Hedged ETF 0.6 9 52 5.7 -5.6
VYMI Vanguard International High Dividend Yield ETF 0.6 17 44 9.0 -2.3
SUSL iShares ESG MSCI USA Leaders ETF 0.6 10 51 4.8 -6.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 28 7.9 -3.4
VFMF Vanguard U.S. Multifactor ETF 0.6 18 43 7.8 -3.5
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.5 15 46 5.6 -5.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 59 2 9.1 -2.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 2 5.8 -5.5
AVUS Avantis U.S. Equity ETF 0.5 15 46 5.7 -5.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.5 30 31 6.8 -4.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 25 36 6.8 -4.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.5 35 26 6.0 -5.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.5 40 21 6.0 -5.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 31 7.4 -3.9
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.5 19 42 5.4 -5.9
TTAC FCF US Quality ETF 0.5 59 2 6.0 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 52 5.5 -5.9
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 33 10.1 -1.2
AVEM Avantis Emerging Markets Equity ETF 0.5 33 28 8.0 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 52 5.2 -6.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.5 32 29 6.0 -5.4
EWJ iShares MSCI Japan ETF 0.5 50 11 5.5 -5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 13 6.8 -4.5
SVAL iShares US Small Cap Value Factor ETF 0.5 20 41 9.1 -2.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.5 20 41 6.8 -4.6
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 31 5.8 -5.6
DFIC Dimensional International Core Equity 2 ETF 0.5 23 38 7.1 -4.3
DXIV Dimensional International Vector Equity ETF 0.5 34 27 7.5 -3.9
DGRO iShares Core Dividend Growth ETF 0.5 8 53 6.6 -4.7
SNPE Xtrackers S&P 500 ESG ETF 0.5 10 51 4.9 -6.4
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 46 7.8 -3.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 36 5.5 -5.9
AVDE Avantis International Equity ETF 0.5 23 38 7.0 -4.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.5 31 30 5.8 -5.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.5 58 3 6.4 -5.0
DSPY Tema S&P 500 Historical Weight ETF 0.5 18 43 5.1 -6.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 37 8.3 -3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 11 10.0 -1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.5 14 47 5.9 -5.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 44 5.9 -5.4
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 57 6.8 -4.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.5 49 12 4.7 -6.7
DFSU Dimensional US Sustainability Core 1 ETF 0.5 18 43 5.3 -6.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 49 7.3 -4.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 26 5.1 -6.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 52 4.8 -6.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 41 6.5 -4.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 52 5.5 -5.8
HDUS Hartford Disciplined US Equity ETF 0.4 19 42 5.7 -5.7
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 46 8.1 -3.3
VPL Vanguard FTSE Pacific ETF 0.4 7 54 6.3 -5.1
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 43 6.5 -4.8
ISMD Inspire Small/Mid Cap ETF 0.4 54 7 5.6 -5.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 19 6.5 -4.8
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 1 10.5 -0.9
RECS Columbia Research Enhanced Core ETF 0.4 15 46 5.7 -5.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 22 6.3 -5.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 46 6.1 -5.2
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 29 5.4 -6.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 41 5.0 -6.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 44 5.5 -5.9
FLDZ RiverNorth Patriot ETF 0.4 75 -14 6.4 -4.9
DCOR Dimensional US Core Equity 1 ETF 0.4 14 47 5.4 -6.0
INRO iShares U.S. Industry Rotation Active ETF 0.4 42 19 4.3 -7.0
VALQ American Century U.S. Quality Value ETF 0.4 29 32 8.0 -3.4
IJH iShares Core S&P Mid-Cap ETF 0.4 5 56 7.3 -4.0
MDY SPDR S&P Midcap 400 ETF Trust 0.4 24 37 7.1 -4.2
STOX Horizon Core Equity ETF 0.4 70 -9 4.1 -7.3
SFTY Horizon Managed Risk ETF 0.4 77 -16 4.0 -7.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 46 7.4 -4.0
DAK Dakota Active Equity ETF 0.4 43 18 4.4 -7.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -5 8.6 -2.7
EES WisdomTree U.S. SmallCap Fund 0.4 38 23 8.8 -2.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 58 7.3 -4.0
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 41 8.2 -3.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 7 54 7.3 -4.0
DFAS Dimensional U.S. Small Cap ETF 0.4 26 35 6.7 -4.6
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.4 56 5 6.2 -5.1
EEM iShares MSCI Emerging Markets ETF 0.4 69 -8 9.1 -2.2
EZU iShares MSCI Eurozone ETF 0.4 52 9 6.3 -5.0
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 41 5.0 -6.3
TOPC iShares S&P 500 3% Capped ETF 0.4 15 46 5.1 -6.3
VBR Vanguard Small Cap Value ETF 0.4 7 54 9.2 -2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.4 45 16 6.6 -4.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 29 8.1 -3.2
IQSI IQ Candriam International Equity ETF 0.4 15 46 6.2 -5.2
IPAC iShares Core MSCI Pacific ETF 0.4 9 52 6.0 -5.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 9 52 4.8 -6.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 41 6.4 -4.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 32 7.6 -3.8
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.3 12 49 3.9 -7.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -14 8.4 -3.0
DFAU Dimensional US Core Equity Market ETF 0.3 12 49 5.0 -6.4
FUNL CornerCap Fundametrics Large-Cap ETF 0.3 50 11 7.2 -4.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 46 7.1 -4.3
IWN iShares Russell 2000 Value ETF 0.3 24 37 7.8 -3.6
RAUS RACWI US ETF 0.3 15 46 4.8 -6.5
PATN Pacer Nasdaq International Patent Leaders ETF 0.3 65 -4 5.2 -6.1
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 52 9.4 -1.9
SCHF Schwab International Equity ETF 0.3 6 55 6.8 -4.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 61 4.8 -6.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 54 4.7 -6.6
VOTE TCW Transform 500 ETF 0.3 5 56 4.8 -6.6
ACVF American Conservative Values ETF 0.3 75 -14 4.3 -7.1
VTWV Vanguard Russell 2000 Value ETF 0.3 10 51 7.8 -3.5
XVV iShares ESG Screened S&P 500 ETF 0.3 8 53 4.7 -6.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -6 10.2 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 43 7.2 -4.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 59 4.9 -6.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 52 4.6 -6.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 16 9.3 -2.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 52 7.0 -4.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 36 7.9 -3.4
SPXM Azoria 500 Meritocracy ETF 0.3 47 14 4.5 -6.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 50 5.0 -6.4
IJS iShares S&P Small-Cap 600 Value ETF 0.3 18 43 9.8 -1.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 37 7.6 -3.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 54 5.8 -5.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 50 4.8 -6.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 52 7.6 -3.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.3 18 43 4.6 -6.8
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -14 7.5 -3.9
STRV Strive 500 ETF 0.3 5 56 4.7 -6.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 12 14.4 +3.1
VEA Vanguard FTSE Developed Markets ETF 0.3 3 58 6.8 -4.6
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 31 9.6 -1.8
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 41 4.6 -6.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 32 4.6 -6.8
ISCB iShares Morningstar Small-Cap ETF 0.3 4 57 6.2 -5.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.3 3 58 5.0 -6.3
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.3 5 56 8.2 -3.2
FVAL Fidelity Value Factor ETF 0.3 15 46 6.7 -4.6
BKIE BNY Mellon International Equity ETF 0.3 4 57 6.6 -4.8
IVV iShares Core S&P 500 ETF 0.3 3 58 4.8 -6.5
DFUS Dimensional U.S. Equity ETF 0.3 9 52 4.7 -6.6
STXE Strive Emerging Markets Ex-China ETF 0.3 32 29 7.1 -4.2
INTF iShares International Equity Factor ETF 0.3 15 46 7.3 -4.1
SPY SPDR S&P 500 ETF 0.3 9 52 4.8 -6.6
SPYM State Street SPDR Portfolio S&P 500 ETF 0.3 2 59 4.8 -6.5
VV Vanguard Large-Cap ETF 0.3 4 57 4.7 -6.6
VT Vanguard Total World Stock ETF 0.3 6 55 5.6 -5.7
IWV iShares Russell 3000 ETF 0.3 20 41 4.7 -6.7
VOO Vanguard S&P 500 ETF 0.3 3 58 4.8 -6.5
CHRI Global X S&P 500 Christian Values ETF 0.3 29 32 4.5 -6.8
GXLC Global X U.S. 500 ETF 0.3 2 59 4.8 -6.6
FLEE Franklin FTSE Europe ETF 0.3 9 52 7.0 -4.4
SCHX Schwab U.S. Large-Cap ETF 0.3 3 58 4.9 -6.5
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.3 35 26 7.1 -4.2
IWB iShares Russell 1000 ETF 0.3 15 46 4.8 -6.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 20 7.9 -3.4
VONE Vanguard Russell 1000 ETF 0.3 7 54 4.9 -6.5
IYY iShares Dow Jones U.S. ETF 0.3 20 41 4.7 -6.7
GSPY Gotham Enhanced 500 ETF 0.3 50 11 5.0 -6.3
SCHB Schwab U.S. Broad Market ETF 0.3 3 58 4.9 -6.4
VTHR Vanguard Russell 3000 ETF 0.3 7 54 4.8 -6.6
VTI Vanguard Total Stock Market ETF 0.3 3 58 4.8 -6.6
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.3 15 46 9.9 -1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 10 51 9.8 -1.5
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 58 4.8 -6.6
SCHK Schwab 1000 Index ETF 0.3 5 56 4.9 -6.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 58 4.8 -6.6
EFV iShares MSCI EAFE Value ETF 0.3 34 27 8.5 -2.8
ACWI iShares MSCI ACWI ETF 0.3 32 29 5.3 -6.1
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.3 12 49 7.5 -3.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 58 6.6 -4.7
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 44 6.9 -4.5
PBUS Invesco MSCI USA ETF 0.3 4 57 4.8 -6.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.3 30 31 8.2 -3.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 52 4.0 -7.4
VGK Vanguard FTSE Europe ETF 0.3 6 55 7.2 -4.2
DFAI Dimensional International Core Equity Market ETF 0.3 18 43 6.8 -4.6
URTH iShares MSCI World ETF 0.3 24 37 4.9 -6.4
DIHP Dimensional International High Profitability ETF 0.3 29 32 6.6 -4.7
SPEU SPDR Portfolio Europe ETF 0.3 7 54 7.1 -4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 57 7.6 -3.8
RVRB Reverb ETF 0.3 30 31 4.5 -6.9
IWM iShares Russell 2000 ETF 0.3 19 42 4.2 -7.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -19 4.3 -7.0
ECON Columbia Emerging Markets Consumer ETF 0.3 49 12 11.2 -0.1
AVDV Avantis International Small Cap Value ETF 0.3 36 25 8.9 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 20 7.0 -4.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 27 7.2 -4.2
RSSL Global X Russell 2000 ETF 0.3 8 53 4.1 -7.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 52 5.0 -6.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -14 5.6 -5.8
TOK iShares MSCI Kokusai ETF 0.3 26 35 4.9 -6.5
VTWO Vanguard Russell 2000 ETF 0.3 7 54 4.3 -7.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 21 7.1 -4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 25 8.7 -2.6
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 25 4.8 -6.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 52 8.8 -2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 25 6.2 -5.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 28 9.0 -2.3
DWM WisdomTree International Equity Fund 0.3 48 13 7.0 -4.3
VIG Vanguard Dividend Appreciation ETF 0.3 5 56 5.6 -5.8
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 54 7.4 -3.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -14 4.0 -7.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 22 7.6 -3.8
FLAU Franklin FTSE Australia ETF 0.3 9 52 6.1 -5.3
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.3 20 41 6.2 -5.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 46 6.0 -5.4
EFA iShares MSCI EAFE ETF 0.2 35 26 6.3 -5.0
VXUS Vanguard Total International Stock ETF 0.2 5 56 7.5 -3.8
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 12 5.6 -5.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 57 6.0 -5.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 14 7.7 -3.6
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 31 8.1 -3.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 50 8.9 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 46 9.3 -2.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 54 6.7 -4.7
RODE Hartford Multifactor Diversified International ETF 0.2 29 32 10.3 -1.0
STXM Strive Mid-Cap ETF 0.2 18 43 6.4 -4.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.2 65 -4 2.3 -9.1
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 57 6.7 -4.7
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.2 12 49 8.2 -3.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 26 6.2 -5.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 21 6.8 -4.5
PFM Invesco Dividend Achievers ETF 0.2 53 8 5.3 -6.0
IWO iShares Russell 2000 Growth ETF 0.2 24 37 0.8 -10.5
VXF Vanguard Extended Market ETF 0.2 5 56 4.7 -6.7
EFG iShares MSCI EAFE Growth ETF 0.2 36 25 4.2 -7.2
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 11 6.7 -4.7
VB Vanguard Small-Cap ETF 0.2 5 56 6.2 -5.2
IEV iShares Europe ETF 0.2 67 -6 6.5 -4.9
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 51 1.0 -10.4
GINN Goldman Sachs Innovate Equity ETF 0.2 52 9 3.6 -7.8
NUSC Nuveen ESG Small-Cap ETF 0.2 31 30 5.2 -6.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 15 6.4 -4.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 57 3.8 -7.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 27 5.6 -5.8
SCHA Schwab U.S. Small-Cap ETF 0.2 4 57 6.3 -5.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 20 6.1 -5.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 57 7.1 -4.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 19 6.2 -5.2
FLTW Franklin FTSE Taiwan ETF 0.2 19 42 5.8 -5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 22 4.3 -7.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 22 9.0 -2.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 33 5.5 -5.8
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 14 8.4 -3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 2 8.3 -3.0
IEUR iShares Core MSCI Europe ETF 0.2 11 50 7.0 -4.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 12 8.7 -2.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 49 7.6 -3.7
DTH WisdomTree International High Dividend Fund 0.2 58 3 8.0 -3.4
AFLG First Trust Active Factor Large Cap ETF 0.2 55 6 6.3 -5.1
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 38 3.2 -8.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -9 7.4 -4.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 42 8.1 -3.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.2 70 -9 11.0 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -9 8.1 -3.2
SFY SoFi Select 500 ETF 0.2 0 61 4.3 -7.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 1 7.0 -4.4
DUHP Dimensional US High Profitability ETF 0.2 21 40 6.3 -5.1
IJR iShares Core S&P Small Cap ETF 0.2 6 55 7.7 -3.7
STXK Strive Small-Cap ETF 0.2 18 43 6.1 -5.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 41 5.6 -5.8
GVLU Gotham 1000 Value ETF 0.1 50 11 9.0 -2.3
OPTZ Optimize Strategy Index ETF 0.1 50 11 4.7 -6.7
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.1 3 58 7.7 -3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 31 9.3 -2.1
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 38 5.9 -5.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 57 5.9 -5.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.1 7 54 7.6 -3.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 50 10.2 -1.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.1 15 46 7.7 -3.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 43 5.9 -5.5
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 36 10.4 -1.0
SMMD iShares Russell 2500 ETF 0.1 15 46 6.9 -4.5
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 13 6.8 -4.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 19 6.3 -5.1
SUSA iShares MSCI USA ESG Select ETF 0.1 25 36 4.6 -6.8
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 32 6.3 -5.0
OALC OneAscent Large Cap Core ETF 0.1 86 -25 4.0 -7.3
SFYX SoFi Next 500 ETF 0.1 0 61 6.0 -5.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 54 9.8 -1.5
DWMF WisdomTree International Multifactor Fund 0.1 38 23 7.0 -4.4
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 46 4.6 -6.7
DIVN Horizon Dividend Income ETF 0.1 70 -9 8.0 -3.3
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 25 3.6 -7.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 31 6.1 -5.2
APUE ActivePassive U.S. Equity ETF 0.1 45 16 4.6 -6.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 36 7.0 -4.3
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 37 6.1 -5.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 0 5.8 -5.5
USMV iShares MSCI USA Min Vol Factor ETF 0.1 15 46 5.8 -5.5
FESM Fidelity Enhanced Small Cap ETF 0.1 28 33 6.8 -4.5
DGT State Street SPDR Global Dow ETF 0.1 50 11 6.5 -4.8
AVUQ Avantis U.S. Quality ETF 0.1 15 46 4.3 -7.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 41 6.1 -5.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 19 5.2 -6.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 46 7.2 -4.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 32 4.6 -6.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 22 5.7 -5.6
IWF iShares Russell 1000 Growth ETF 0.0 19 42 4.2 -7.2
VONG Vanguard Russell 1000 Growth ETF 0.0 7 54 4.3 -7.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 31 4.4 -7.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 32 8.3 -3.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.0 47 14 9.3 -2.0
DFIS Dimensional International Small Cap ETF 0.0 39 22 7.0 -4.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 3 9.3 -2.0
VSGX Vanguard ESG International Stock ETF 0.0 10 51 7.4 -4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 53 7.2 -4.2

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
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Dividends per share info ** ** ** ** ** ** **
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EPS growth   **% **% **% **% **% **%

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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
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Historical valuation trends

Forward
multiple:		 VanEck Oil Refiners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 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.