VanEck Oil Refiners ETF
ALTAR
Score™		 11.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 16.4x P/Sales
ratio		 0.3x
P/BV
ratio		 1.2x Div.
yield		 4.0%


  • 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) $40
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 30
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
RELIANCE INDS-SPONS GDR 144A 8.3 %
MARATHON PETROLEUM 7.8 %
PHILLIPS 66 6.6 %
VALERO ENERGY CORP 6.6 %
POLSKI KONCERN NAFTOWY SA 6.3 %
JX HOLDINGS INC 5.5 %
HYUNDAI ROBOTICS CO., LTD. 5.1 %
IDEMITSU KOSAN CO LTD 4.5 %
GALP ENERGIA SGPS SA-B SHRS 4.4 %
NESTE OIL OYJ 4.3 %
Total 59.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 29.9 %
JAPAN 13.0 %
SOUTH KOREA 10.9 %
INDIA 8.3 %
POLAND 6.4 %
PORTUGAL 4.4 %
FINLAND 4.3 %
AUSTRIA 4.2 %
TURKEY 3.9 %
HUNGARY 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
44.2% 25.7% 13.5% 9.0% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.68 39%
MSCI EAFE 0.79 38%
MSCI Emg. Mkts. 0.71 35%

Technical Indicators
Recent close $39.63
30d moving avg. $39.45
Annualized volatility 18.1%
Short interest (ETF) 3.1%
Short interest (Underlying) 0.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 33
Turnover 3.3%
Bid/Ask (% of price) 0.82%
ADV underlying (mns) $1,077

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 558 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™: 11.6%


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 21.7 40 21 13.3 +1.7
PXI Invesco Dorsey Wright Energy Momentum ETF 16.6 60 1 6.7 -4.9
DRLL Strive U.S. Energy ETF 16.1 41 20 10.3 -1.4
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 15.5 35 26 14.3 +2.7
PXE Invesco Energy Exploration & Production ETF 15.1 60 1 15.9 +4.2
RSPG Invesco S&P 500 Equal Weight Energy ETF 13.8 40 21 11.0 -0.6
XLE The Energy Select Sector SPDR Fund 11.7 8 53 9.1 -2.6
IYE iShares U.S. Energy ETF 10.7 40 21 8.9 -2.7
VDE Vanguard Energy ETF 9.9 9 52 9.0 -2.6
GXPE Global X PureCap MSCI Energy ETF 9.9 25 36 8.8 -2.9
FENY Fidelity MSCI Energy Index ETF 9.7 8 53 9.1 -2.6
FTXN First Trust Nasdaq Oil & Gas ETF 9.5 60 1 12.1 +0.4
DGIN VanEck Digital India ETF 8.3 71 -10 1.8 -9.8
NDIA Global X India Active ETF 8.2 75 -14 5.3 -6.3
TCV Towle Value ETF 8.1 85 -24 11.4 -0.3
IXC iShares Global Energy ETF 7.6 44 17 9.9 -1.7
EQRR ProShares Equities for Rising Rates ETF 6.5 35 26 7.9 -3.8
EPOL iShares MSCI Poland ETF 6.3 59 2 11.1 -0.5
IGE iShares North American Natural Resources ETF 6.0 41 20 7.4 -4.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 5.9 39 22 11.7 +0.0
RFV Invesco S&P Midcap 400 Pure Value ETF 5.9 35 26 13.0 +1.4
SURE AdvisorShares Insiders Advantage ETF 5.9 90 -29 9.6 -2.0
LYLD Cambria Large Cap Shareholder Yield ETF 5.7 59 2 9.8 -1.9
FXN First Trust Energy AlphaDEX Fund 5.7 62 -1 14.8 +3.2
QDIV Global X S&P 500 Quality Dividend ETF 5.7 20 41 9.0 -2.6
RPV Invesco S&P 500 Pure Value ETF 5.6 35 26 10.2 -1.4
DIVY Sound Equity Dividend Income ETF 5.0 45 16 10.0 -1.7
PWV Invesco Large Cap Value ETF 4.5 55 6 7.5 -4.1
EV Mast Global Battery Recycling & Production ETF 4.4 65 -4 6.8 -4.9
NANR SPDR S&P North American Natural Resources ETF 4.4 35 26 7.8 -3.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.4 67 -6 14.6 +3.0
EWO iShares MSCI Austria ETF 4.2 50 11 9.4 -2.3
GNR SPDR S&P Global Natural Resources ETF 4.1 40 21 10.2 -1.4
SYLD Cambria Shareholder Yield ETF 4.1 59 2 12.5 +0.9
AMZA InfraCap MLP ETF 4.1 164 -103 8.2 -3.4
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 11 11.4 -0.3
FDD First Trust Stoxx European Select Dividend Index Fund 4.1 58 3 11.0 -0.6
TUR iShares MSCI Turkey ETF 3.9 58 3 17.1 +5.4
SPVU Invesco S&P 500 Enhanced Value ETF 3.5 13 48 10.1 -1.6
DVYE iShares Emerging Markets Dividend ETF 3.3 49 12 17.7 +6.0
LGCF Themes US Cash Flow Champions ETF 3.3 30 31 8.2 -3.5
PKW Invesco Buyback Achievers ETF 3.3 62 -1 8.1 -3.5
EFNL iShares MSCI Finland ETF 3.3 56 5 6.3 -5.3
VOE Vanguard Mid-Cap Value ETF 3.2 7 54 7.8 -3.8
USCF Themes US Cash Flow Champions ETF 3.2 29 32 8.7 -2.9
DGLO First Trust RBA Deglobalization ETF 3.1 70 -9 6.8 -4.8
HAP VanEck Natural Resources ETF 2.9 50 11 8.7 -2.9
GVAL Cambria Global Value ETF 2.9 68 -7 10.3 -1.3
GQI Natixis Gateway Quality Income ETF 2.9 34 27 5.0 -6.6
VFLO VictoryShares Free Cash Flow ETF 2.8 39 22 10.1 -1.5
IMCV iShares Morningstar Mid-Cap Value ETF 2.8 6 55 8.2 -3.5
PY Principal Value ETF 2.7 15 46 7.3 -4.3
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -5 11.6 -0.1
WWJD Inspire International ETF 2.7 80 -19 7.1 -4.6
WTV WisdomTree US Value Fund of Benef Interest 2.6 12 49 9.0 -2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.6 95 -34 10.8 -0.8
VFVA Vanguard U.S. Value Factor ETF 2.6 13 48 10.6 -1.0
TEXN iShares Texas Equity ETF 2.6 20 41 6.2 -5.5
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.6 20 41 10.2 -1.4
RWK Invesco S&P MidCap 400 Revenue ETF 2.6 39 22 9.7 -1.9
AVIE Avantis  Inflation Focused Equity ETF 2.6 25 36 7.1 -4.5
SCHD Schwab US Dividend Equity ETF 2.5 6 55 10.0 -1.6
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.5 60 1 7.9 -3.7
SMCF Themes US Small Cap Cash Flow Champions ETF 2.5 29 32 11.7 +0.1
DVY iShares Select Dividend ETF 2.4 38 23 9.2 -2.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.3 25 36 6.2 -5.4
SPDV AAM S&P 500 High Dividend Value ETF 2.3 29 32 12.1 +0.4
IPKW Invesco International BuyBack Achievers ETF 2.2 55 6 8.7 -2.9
RWL Invesco S&P 500 Revenue ETF 2.2 39 22 6.8 -4.9
SMRI Bushido Capital US Equity ETF 2.2 71 -10 10.0 -1.6
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -19 11.3 -0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 1 10.6 -1.0
SFGV Sequoia Global Value ETF 2.1 23 38 8.2 -3.4
JPIN J.P. Morgan Diversified Return International Equity ETF 2.1 37 24 7.8 -3.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -9 11.6 0.0
VAMO Cambria Value & Momentum ETF 2.1 61 0 6.4 -5.2
SDOG ALPS Sector Dividend Dogs ETF 2.1 36 25 9.7 -2.0
AFOS ARS Focused Opportunities Strategy ETF 2.1 45 16 3.1 -8.6
GREK Global X MSCI Greece ETF 2.0 57 4 10.5 -1.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.0 75 -14 9.5 -2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.0 80 -19 9.5 -2.2
MAGA Point Bridge America First ETF 2.0 72 -11 6.3 -5.3
FNDX Schwab Fundamental US Large Co. Index ETF 2.0 25 36 7.2 -4.5
MBOX Freedom Day Dividend ETF 2.0 39 22 7.8 -3.9
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 4 8.5 -3.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.9 65 -4 10.1 -1.5
SSPY Syntax Stratified LargeCap ETF 1.9 30 31 6.8 -4.9
FNDB Schwab Fundamental US Broad Market Index ETF 1.9 25 36 7.3 -4.4
VO Vanguard Mid-Cap ETF 1.9 4 57 6.0 -5.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.9 65 -4 6.4 -5.2
FJP First Trust Japan AlphaDEX Fund 1.8 80 -19 8.3 -3.3
IWS iShares Russell Mid-Cap Value ETF 1.8 23 38 7.2 -4.4
IUS Invesco RAFI Strategic US ETF 1.8 19 42 6.7 -4.9
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 2 11.1 -0.5
DFLV Dimensional US Large Cap Value ETF 1.8 22 39 7.6 -4.0
TPHD Timothy Plan High Dividend Stock ETF 1.8 52 9 7.3 -4.4
TPHE Timothy Plan High Dividend Stock Enhanced ETF 1.7 54 7 7.3 -4.3
ULVM VictoryShares US Value Momentum ETF 1.7 20 41 7.3 -4.3
BLES Inspire Global Hope ETF 1.7 61 0 6.8 -4.8
DFEV Dimensional Emerging Markets Value ETF 1.7 43 18 11.8 +0.2
VRAI Virtus Real Asset Income ETF 1.7 55 6 10.7 -0.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 1.7 35 26 7.8 -3.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 37 7.1 -4.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 1.6 38 23 7.8 -3.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.6 18 43 7.8 -3.9
FEUZ First Trust Eurozone AlphaDEX ETF 1.6 80 -19 7.6 -4.0
LGRO Level Four Large Cap Growth Active ETF 1.6 55 6 4.1 -7.5
DSMC Distillate Small/Mid Cash Flow ETF 1.5 55 6 12.7 +1.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 1.5 12 49 7.4 -4.3
FLKR Franklin FTSE South Korea ETF 1.5 9 52 7.2 -4.5
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 54 10.3 -1.3
PSCE Invesco S&P SmallCap Energy ETF 1.5 29 32 9.5 -2.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.5 35 26 9.9 -1.7
PEY Invesco High Yield Equity Dividend Achievers ETF 1.5 52 9 10.3 -1.3
GMF SPDR S&P Emerging Asia Pacific ETF 1.5 49 12 9.3 -2.3
IWR iShares Russell Midcap ETF 1.4 19 42 6.3 -5.4
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 1.4 7 54 11.0 -0.6
UIVM VictoryShares International Value Momentum ETF 1.4 35 26 8.2 -3.4
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 57 6.3 -5.4
QINT American Century Quality Diversified International ETF 1.4 39 22 6.7 -4.9
EWY iShares MSCI South Korea ETF 1.4 58 3 6.4 -5.2
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 49 7.8 -3.8
PRF Invesco FTSE RAFI US 1000 ETF 1.3 39 22 6.7 -5.0
PRXV Praxis Impact Large Cap Value ETF 1.3 36 25 6.7 -5.0
LEAD Siren DIVCON Leaders Dividend ETF 1.3 43 18 4.3 -7.3
VIDI Vident International Equity Strategy ETF 1.3 61 0 10.3 -1.3
VWID Virtus WMC International Dividend ETF 1.3 49 12 7.8 -3.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.3 63 -2 12.7 +1.0
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 36 8.9 -2.7
QDF FlexShares Quality Dividend Index Fund 1.2 37 24 6.3 -5.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.2 29 32 6.5 -5.2
SNPV Xtrackers S&P 500 Value ESG ETF 1.2 15 46 6.9 -4.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 8 7.2 -4.5
QLC FlexShares US Quality Large Cap Index Fund 1.2 25 36 5.2 -6.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.2 49 12 9.0 -2.6
JIVE JPMorgan International Value ETF 1.2 55 6 10.7 -1.0
RJDI RJ Eagle GCM Dividend Select Income ETF 1.2 55 6 5.4 -6.2
JMOM JPMorgan U.S. Momentum Factor ETF 1.1 12 49 4.6 -7.1
SDIV Global X Superdividend ETF 1.1 58 3 41.6 +29.9
STXV Strive 1000 Value ETF 1.1 18 43 8.2 -3.5
NIXT Research Affiliates Deletions ETF 1.1 9 52 8.2 -3.5
AVMV Avantis U.S. Mid Cap Value ETF 1.1 20 41 8.9 -2.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 5 10.1 -1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 29 6.3 -5.3
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.1 79 -18 6.1 -5.5
SQLV Royce Quant Small-Cap Quality Value ETF 1.1 60 1 9.4 -2.2
DEW WisdomTree Global High Dividend Fund 1.1 58 3 8.2 -3.4
XOEF iShares S&P 500 ex S&P 100 ETF 1.1 20 41 5.7 -6.0
EIPX FT Energy Income Partners Strategy ETF 1.1 95 -34 8.3 -3.4
DIVG Invesco S&P 500 High Dividend Growers ETF 1.1 39 22 8.5 -3.1
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 26 4.8 -6.9
REVS Columbia Research Enhanced Value ETF 1.0 19 42 7.8 -3.9
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 22 8.6 -3.0
EWJV iShares MSCI Japan Value ETF 1.0 15 46 8.0 -3.6
MJSC MUFG Japan Small Cap Active ETF 1.0 85 -24 0.0 -11.6
IDV iShares International Select Dividend ETF 1.0 51 10 9.8 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.0 24 37 7.2 -4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 32 8.8 -2.8
SPGP Invesco S&P 500 GARP ETF 1.0 34 27 6.8 -4.8
TPIF Timothy Plan International ETF 1.0 62 -1 6.0 -5.6
DFSV Dimensional US Small Cap Value ETF 1.0 31 30 10.3 -1.4
MCDS JPMorgan Fundamental Data Science Mid Core ETF 1.0 35 26 5.8 -5.8
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -19 11.7 +0.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.9 20 41 7.1 -4.5
LRGF iShares U.S. Equity Factor ETF 0.9 8 53 5.5 -6.2
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.9 60 1 5.3 -6.4
THD iShares MSCI Thailand ETF 0.9 58 3 0.0 -11.6
DFIV Dimensional International Value ETF 0.9 27 34 8.7 -2.9
WLDR Affinity World Leaders Equity ETF 0.9 67 -6 7.2 -4.4
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.9 15 46 9.0 -2.6
DFUV Dimensional US Marketwide Value ETF 0.9 22 39 7.5 -4.2
DXJ WisdomTree Japan Hedged Equity Fund 0.9 48 13 6.6 -5.0
VYM Vanguard High Dividend Yield Index ETF 0.9 6 55 7.0 -4.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -19 8.5 -3.1
AVES Avantis Emerging Markets Value ETF 0.8 36 25 10.6 -1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 22 15.3 +3.7
EQIN Columbia US Equity Income ETF 0.8 35 26 6.8 -4.8
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 44 13.8 +2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 16 8.3 -3.4
FTWO Strive FAANG 2.0 ETF 0.8 49 12 4.4 -7.3
DFVX Dimensional US Large Cap Vector ETF 0.8 22 39 6.3 -5.3
PTL Inspire 500 ETF 0.8 9 52 5.3 -6.3
ROUS Hartford Multifactor US Equity ETF 0.8 19 42 7.0 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 17 11.0 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 0.8 28 33 6.0 -5.6
QGRO American Century U.S. Quality Growth ETF 0.8 29 32 3.8 -7.9
AVIV Avantis International Large Cap Value ETF 0.8 25 36 8.1 -3.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.8 18 43 8.7 -2.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 52 6.2 -5.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.8 15 46 8.7 -2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 23 8.5 -3.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.7 10 51 8.8 -2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 17 10.3 -1.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.7 25 36 11.9 +0.3
DIM WisdomTree International MidCap Dividend Fund 0.7 58 3 7.1 -4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 25 7.2 -4.4
GLOF iShares Global Equity Factor ETF 0.7 20 41 6.6 -5.0
TXS Texas Capital Texas Equity Index ETF 0.7 49 12 6.0 -5.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.7 52 9 5.7 -5.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.7 58 3 5.7 -5.9
VTV Vanguard Value ETF 0.7 4 57 6.9 -4.8
EBI Longview Advantage ETF 0.7 35 26 6.6 -5.0
BKWO BNY Mellon Women's Opportunities ETF 0.7 50 11 3.8 -7.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.7 18 43 6.9 -4.7
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -22 9.9 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 31 7.5 -4.2
DTD WisdomTree U.S. Total Dividend Fund 0.7 28 33 6.3 -5.3
FEP First Trust Europe AlphaDEX Fund 0.7 80 -19 8.0 -3.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.7 12 49 6.5 -5.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.7 22 39 5.9 -5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 32 7.6 -4.1
WCEO Hypatia Women CEO ETF 0.7 85 -24 3.1 -8.6
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 26 8.6 -3.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.7 25 36 8.8 -2.8
JPXN iShares JPX-Nikkei 400 ETF 0.7 48 13 6.3 -5.3
ICPY Tweedy, Browne International Insider Value ETF 0.7 80 -19 0.0 -11.6
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 36 9.3 -2.4
AVSC Avantis U.S Small Cap Equity ETF 0.7 25 36 5.2 -6.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.7 20 41 6.1 -5.6
INEQ Columbia International Equity Income ETF 0.7 45 16 7.5 -4.2
HLAL Wahed FTSE USA Shariah ETF 0.6 50 11 4.5 -7.1
IUSV iShares Core S&P US Value ETF 0.6 4 57 6.4 -5.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.6 30 31 9.0 -2.7
EPS WisdomTree U.S. LargeCap Fund 0.6 8 53 5.7 -6.0
VOOV Vanguard S&P 500 Value ETF 0.6 7 54 6.2 -5.4
IVE iShares S&P 500 Value ETF 0.6 18 43 6.1 -5.5
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.6 4 57 6.3 -5.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.6 19 42 6.2 -5.4
JHMD John Hancock Multifactor Developed International ETF 0.6 39 22 7.1 -4.5
LVDS JPMorgan Fundamental Data Science Large Value ETF 0.6 49 12 6.1 -5.5
CIL VictoryShares International Volatility Wtd ETF 0.6 45 16 6.3 -5.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.6 10 51 4.9 -6.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.6 20 41 6.4 -5.2
VLUE iShares MSCI USA Value Factor ETF 0.6 15 46 8.8 -2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 36 6.8 -4.8
RSP Invesco S&P 500 Equal Weight ETF 0.6 20 41 6.8 -4.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.6 14 47 4.9 -6.8
JHML John Hancock Multifactor Large Cap ETF 0.6 29 32 5.3 -6.3
FRDM Freedom 100 Emerging Markets ETF 0.6 49 12 7.2 -4.5
DHS WisdomTree U.S. High Dividend Fund 0.6 38 23 8.2 -3.5
FLJP Franklin FTSE Japan ETF 0.6 9 52 5.8 -5.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 12 9.3 -2.3
AVUV Avantis U.S. Small Cap Value ETF 0.6 25 36 9.8 -1.9
ILCV iShares Morningstar Value ETF 0.6 4 57 6.3 -5.4
IWD iShares Russell 1000 Value ETF 0.6 19 42 6.4 -5.2
VONV Vanguard Russell 1000 Value ETF 0.6 7 54 6.5 -5.1
BBJP JPMorgan BetaBuilders Japan ETF 0.6 19 42 6.1 -5.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.6 47 14 5.7 -6.0
ISCV iShares Morningstar Small Cap Value ETF 0.6 6 55 9.3 -2.4
DSI iShares MSCI KLD 400 Social ETF 0.6 25 36 4.9 -6.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 1 6.6 -5.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 22 9.8 -1.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 26 16.1 +4.5
XCEM Columbia EM Core ex-China ETF 0.6 16 45 7.6 -4.0
FLJH Franklin FTSE Japan Hedged ETF 0.6 9 52 5.7 -5.9
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 52 6.3 -5.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 28 8.0 -3.6
VFMF Vanguard U.S. Multifactor ETF 0.6 18 43 7.7 -3.9
SIZE iShares MSCI USA Size Factor ETF 0.5 15 46 6.1 -5.5
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 51 4.9 -6.7
DXUV Dimensional US Vector Equity ETF 0.5 28 33 6.1 -5.5
VYMI Vanguard International High Dividend Yield ETF 0.5 17 44 9.0 -2.7
AVUS Avantis U.S. Equity ETF 0.5 15 46 5.7 -6.0
SVAL iShares US Small Cap Value Factor ETF 0.5 20 41 8.9 -2.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 2 5.9 -5.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.5 35 26 6.1 -5.6
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.5 40 21 6.0 -5.6
EWJ iShares MSCI Japan ETF 0.5 50 11 5.6 -6.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 59 2 8.9 -2.8
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.5 19 42 5.5 -6.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 31 7.4 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 52 5.6 -6.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 25 36 6.9 -4.7
TTAC FCF US Quality ETF 0.5 59 2 6.1 -5.6
AVEM Avantis Emerging Markets Equity ETF 0.5 33 28 8.1 -3.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.5 9 52 5.3 -6.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.5 32 29 5.9 -5.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 13 7.0 -4.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.5 20 41 6.8 -4.8
DFIC Dimensional International Core Equity 2 ETF 0.5 23 38 7.0 -4.6
SNPE Xtrackers S&P 500 ESG ETF 0.5 10 51 4.9 -6.7
DXIV Dimensional International Vector Equity ETF 0.5 34 27 7.4 -4.2
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 46 7.8 -3.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 36 5.5 -6.1
AVDE Avantis International Equity ETF 0.5 23 38 7.0 -4.6
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 33 9.9 -1.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.5 31 30 5.9 -5.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.5 58 3 6.4 -5.3
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.5 15 46 5.7 -6.0
DGRO iShares Core Dividend Growth ETF 0.5 8 53 6.6 -5.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 37 8.2 -3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 11 10.2 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.5 14 47 5.9 -5.7
DSPY Tema S&P 500 Historical Weight ETF 0.5 18 43 5.2 -6.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 12 4.7 -6.9
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 57 6.8 -4.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.4 30 31 6.9 -4.8
VPL Vanguard FTSE Pacific ETF 0.4 7 54 6.4 -5.3
DFSU Dimensional US Sustainability Core 1 ETF 0.4 18 43 5.3 -6.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 52 4.8 -6.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 41 6.5 -5.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 52 5.5 -6.1
HDUS Hartford Disciplined US Equity ETF 0.4 19 42 5.7 -5.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 46 8.0 -3.6
ISMD Inspire Small/Mid Cap ETF 0.4 54 7 5.5 -6.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 19 6.5 -5.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 26 5.2 -6.5
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 1 10.2 -1.4
RECS Columbia Research Enhanced Core ETF 0.4 15 46 5.7 -5.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 22 6.3 -5.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 46 6.1 -5.5
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 49 7.2 -4.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 43 6.5 -5.1
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 29 5.4 -6.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 41 5.0 -6.6
FLDZ RiverNorth Patriot ETF 0.4 75 -14 6.4 -5.3
VALQ American Century U.S. Quality Value ETF 0.4 29 32 7.9 -3.7
DCOR Dimensional US Core Equity 1 ETF 0.4 14 47 5.4 -6.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 44 5.5 -6.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 46 7.3 -4.3
STOX Horizon Core Equity ETF 0.4 70 -9 4.1 -7.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -5 8.8 -2.8
SFTY Horizon Managed Risk ETF 0.4 77 -16 4.0 -7.6
EES WisdomTree U.S. SmallCap Fund 0.4 38 23 8.7 -3.0
DAK Dakota Active Equity ETF 0.4 43 18 4.4 -7.2
IPAC iShares Core MSCI Pacific ETF 0.4 9 52 6.1 -5.5
MDY SPDR S&P Midcap 400 ETF Trust 0.4 24 37 7.1 -4.5
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.4 56 5 6.3 -5.3
IJH iShares Core S&P Mid-Cap ETF 0.4 5 56 7.3 -4.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 44 5.9 -5.7
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 41 8.2 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 31 5.8 -5.8
EEM iShares MSCI Emerging Markets ETF 0.4 69 -8 9.4 -2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.4 45 16 6.6 -5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 29 8.4 -3.3
IQSI IQ Candriam International Equity ETF 0.4 15 46 6.2 -5.5
TOPC iShares S&P 500 3% Capped ETF 0.4 15 46 5.1 -6.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 7 54 7.3 -4.3
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 58 7.3 -4.3
PATN Pacer Nasdaq International Patent Leaders ETF 0.4 65 -4 5.4 -6.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 9 52 4.8 -6.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 41 6.5 -5.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 32 7.5 -4.1
EZU iShares MSCI Eurozone ETF 0.3 52 9 6.3 -5.3
EFV iShares MSCI EAFE Value ETF 0.3 34 27 8.5 -3.1
DFAS Dimensional U.S. Small Cap ETF 0.3 26 35 6.6 -5.0
IJS iShares S&P Small-Cap 600 Value ETF 0.3 18 43 9.8 -1.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.3 12 49 4.0 -7.7
VBR Vanguard Small Cap Value ETF 0.3 7 54 9.1 -2.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 46 7.2 -4.4
DFAU Dimensional US Core Equity Market ETF 0.3 12 49 5.0 -6.6
FUNL CornerCap Fundametrics Large-Cap ETF 0.3 50 11 7.2 -4.5
INRO iShares U.S. Industry Rotation Active ETF 0.3 42 19 4.4 -7.3
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -14 8.4 -3.3
RAUS RACWI US ETF 0.3 15 46 4.7 -7.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 61 4.9 -6.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 54 4.8 -6.8
VOTE TCW Transform 500 ETF 0.3 5 56 4.8 -6.8
ACVF American Conservative Values ETF 0.3 75 -14 4.3 -7.3
IWN iShares Russell 2000 Value ETF 0.3 24 37 7.6 -4.0
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -14 7.4 -4.2
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 52 9.7 -1.9
SCHF Schwab International Equity ETF 0.3 6 55 6.8 -4.8
VTWV Vanguard Russell 2000 Value ETF 0.3 10 51 7.7 -3.9
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.3 15 46 9.8 -1.9
XVV iShares ESG Screened S&P 500 ETF 0.3 8 53 4.8 -6.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 43 7.2 -4.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 59 4.9 -6.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 52 4.6 -7.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 16 9.5 -2.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 52 6.9 -4.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 36 7.8 -3.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 50 5.0 -6.6
SPXM Azoria 500 Meritocracy ETF 0.3 47 14 4.5 -7.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 37 7.6 -4.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 10 51 9.7 -1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 54 5.8 -5.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 50 4.9 -6.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 52 7.6 -4.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -6 10.0 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 12 14.7 +3.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 32 4.6 -7.0
VEA Vanguard FTSE Developed Markets ETF 0.3 3 58 6.8 -4.8
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 58 4.8 -6.8
FVAL Fidelity Value Factor ETF 0.3 15 46 6.8 -4.9
BKIE BNY Mellon International Equity ETF 0.3 4 57 6.6 -5.0
TOV JLens 500 Jewish Advocacy U.S. ETF 0.3 18 43 4.6 -7.0
STRV Strive 500 ETF 0.3 5 56 4.8 -6.9
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 41 4.6 -7.0
VV Vanguard Large-Cap ETF 0.3 4 57 4.8 -6.9
VT Vanguard Total World Stock ETF 0.3 6 55 5.7 -5.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.3 3 58 5.1 -6.6
INTF iShares International Equity Factor ETF 0.3 15 46 7.3 -4.4
VOO Vanguard S&P 500 ETF 0.3 3 58 4.9 -6.7
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.3 5 56 8.0 -3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 20 8.1 -3.5
CHRI Global X S&P 500 Christian Values ETF 0.3 29 32 4.6 -7.1
GXLC Global X U.S. 500 ETF 0.3 2 59 4.8 -6.8
FLEE Franklin FTSE Europe ETF 0.3 9 52 6.9 -4.7
IVV iShares Core S&P 500 ETF 0.3 3 58 4.9 -6.7
SPYM State Street SPDR Portfolio S&P 500 ETF 0.3 2 59 4.9 -6.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.3 35 26 7.0 -4.6
SPY SPDR S&P 500 ETF 0.3 9 52 4.8 -6.8
DFUS Dimensional U.S. Equity ETF 0.3 9 52 4.8 -6.9
SCHX Schwab U.S. Large-Cap ETF 0.3 3 58 4.9 -6.7
VONE Vanguard Russell 1000 ETF 0.3 7 54 4.9 -6.7
VTI Vanguard Total Stock Market ETF 0.3 3 58 4.8 -6.8
IWV iShares Russell 3000 ETF 0.3 20 41 4.7 -6.9
ISCB iShares Morningstar Small-Cap ETF 0.3 4 57 6.2 -5.4
IWB iShares Russell 1000 ETF 0.3 15 46 4.8 -6.8
VTHR Vanguard Russell 3000 ETF 0.3 7 54 4.8 -6.8
GSPY Gotham Enhanced 500 ETF 0.3 50 11 5.1 -6.6
STXE Strive Emerging Markets Ex-China ETF 0.3 32 29 7.3 -4.3
IYY iShares Dow Jones U.S. ETF 0.3 20 41 4.7 -6.9
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 31 9.5 -2.2
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 44 6.9 -4.7
SCHB Schwab U.S. Broad Market ETF 0.3 3 58 5.0 -6.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 58 4.8 -6.8
PBUS Invesco MSCI USA ETF 0.3 4 57 4.8 -6.8
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.3 30 31 8.2 -3.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 52 4.0 -7.6
DIHP Dimensional International High Profitability ETF 0.3 29 32 6.7 -5.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 58 6.6 -5.0
SCHK Schwab 1000 Index ETF 0.3 5 56 5.0 -6.7
DFAI Dimensional International Core Equity Market ETF 0.3 18 43 6.7 -4.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 57 7.7 -4.0
URTH iShares MSCI World ETF 0.3 24 37 5.0 -6.7
VGK Vanguard FTSE Europe ETF 0.3 6 55 7.2 -4.5
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -19 4.4 -7.2
ECON Columbia Emerging Markets Consumer ETF 0.3 49 12 11.6 -0.0
AVDV Avantis International Small Cap Value ETF 0.3 36 25 8.7 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 20 7.1 -4.6
RVRB Reverb ETF 0.3 30 31 4.5 -7.1
RSSL Global X Russell 2000 ETF 0.3 8 53 4.1 -7.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 52 5.1 -6.6
ACWI iShares MSCI ACWI ETF 0.3 32 29 5.3 -6.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 27 7.3 -4.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -14 5.6 -6.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 21 7.0 -4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 25 9.0 -2.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 25 4.9 -6.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 52 8.7 -3.0
IWM iShares Russell 2000 ETF 0.3 19 42 4.2 -7.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 25 6.3 -5.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 28 9.2 -2.5
DWM WisdomTree International Equity Fund 0.3 48 13 7.0 -4.6
TOK iShares MSCI Kokusai ETF 0.3 26 35 4.9 -6.7
SPEU SPDR Portfolio Europe ETF 0.3 7 54 7.1 -4.6
VTWO Vanguard Russell 2000 ETF 0.3 7 54 4.3 -7.4
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.3 12 49 7.4 -4.2
VIG Vanguard Dividend Appreciation ETF 0.3 5 56 5.5 -6.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -14 4.0 -7.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 22 7.5 -4.1
FLAU Franklin FTSE Australia ETF 0.3 9 52 6.3 -5.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 54 7.5 -4.2
VXUS Vanguard Total International Stock ETF 0.2 5 56 7.6 -4.1
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 12 5.6 -6.0
EFA iShares MSCI EAFE ETF 0.2 35 26 6.4 -5.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 57 6.0 -5.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 14 7.7 -3.9
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 31 8.3 -3.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 50 9.2 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 46 9.6 -2.1
RODE Hartford Multifactor Diversified International ETF 0.2 29 32 10.4 -1.3
IEFA iShares Core MSCI EAFE ETF 0.2 7 54 6.7 -4.9
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.2 12 49 8.2 -3.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 46 6.0 -5.7
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 11 6.7 -5.0
STXM Strive Mid-Cap ETF 0.2 18 43 6.5 -5.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.2 65 -4 2.3 -9.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 21 6.8 -4.8
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 46 4.7 -6.9
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 57 6.7 -5.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 26 6.2 -5.4
PFM Invesco Dividend Achievers ETF 0.2 53 8 5.3 -6.3
VXF Vanguard Extended Market ETF 0.2 5 56 4.7 -6.9
GINN Goldman Sachs Innovate Equity ETF 0.2 52 9 3.7 -8.0
NUSC Nuveen ESG Small-Cap ETF 0.2 31 30 5.2 -6.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 20 6.3 -5.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 15 6.4 -5.2
IWO iShares Russell 2000 Growth ETF 0.2 24 37 0.8 -10.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 57 3.9 -7.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 27 5.6 -6.1
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 51 1.0 -10.7
VB Vanguard Small-Cap ETF 0.2 5 56 6.2 -5.5
IEV iShares Europe ETF 0.2 67 -6 6.5 -5.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -9 7.5 -4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 19 6.3 -5.3
FLTW Franklin FTSE Taiwan ETF 0.2 19 42 5.9 -5.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 22 4.3 -7.4
SCHA Schwab U.S. Small-Cap ETF 0.2 4 57 6.3 -5.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 49 7.6 -4.1
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 57 7.1 -4.5
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 33 5.5 -6.1
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 14 8.3 -3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 2 8.5 -3.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 22 9.0 -2.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 12 9.0 -2.6
SUSA iShares MSCI USA ESG Select ETF 0.2 25 36 4.6 -7.0
IEUR iShares Core MSCI Europe ETF 0.2 11 50 7.0 -4.6
DTH WisdomTree International High Dividend Fund 0.2 58 3 7.8 -3.8
IJR iShares Core S&P Small Cap ETF 0.2 6 55 7.6 -4.0
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 38 3.4 -8.3
AFLG First Trust Active Factor Large Cap ETF 0.2 55 6 6.3 -5.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 42 8.4 -3.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 58 7.7 -4.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -9 8.4 -3.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 7 54 7.6 -4.0
SFY SoFi Select 500 ETF 0.2 0 61 4.4 -7.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 41 5.6 -6.1
FNK First Trust Mid Cap Value AlphaDEX Fund 0.1 70 -9 10.8 -0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 1 7.0 -4.7
OPTZ Optimize Strategy Index ETF 0.1 50 11 4.7 -7.0
SCHE Schwab Emerging Markets Equity ETF 0.1 11 50 10.5 -1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 31 9.8 -1.9
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 38 5.9 -5.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 57 5.8 -5.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.1 15 46 7.7 -3.9
STXK Strive Small-Cap ETF 0.1 18 43 6.0 -5.6
EFG iShares MSCI EAFE Growth ETF 0.1 36 25 4.3 -7.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 36 10.7 -1.0
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 43 5.9 -5.8
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 13 6.8 -4.8
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 19 6.3 -5.3
SMMD iShares Russell 2500 ETF 0.1 15 46 6.9 -4.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 31 5.4 -6.2
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 32 6.4 -5.2
OALC OneAscent Large Cap Core ETF 0.1 86 -25 4.1 -7.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 54 10.1 -1.5
GVLU Gotham 1000 Value ETF 0.1 50 11 8.8 -2.8
SFYX SoFi Next 500 ETF 0.1 0 61 6.0 -5.7
DWMF WisdomTree International Multifactor Fund 0.1 38 23 7.0 -4.6
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 25 3.7 -7.9
DIVN Horizon Dividend Income ETF 0.1 70 -9 7.8 -3.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 41 6.1 -5.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 31 6.2 -5.5
GEW Cambria Global EW ETF 0.1 29 32 0.0 -11.6
APUE ActivePassive U.S. Equity ETF 0.1 45 16 4.7 -7.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 36 7.0 -4.7
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 0 5.7 -5.9
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 37 6.1 -5.5
DUHP Dimensional US High Profitability ETF 0.1 21 40 6.4 -5.3
FESM Fidelity Enhanced Small Cap ETF 0.1 28 33 6.8 -4.8
DGT State Street SPDR Global Dow ETF 0.1 50 11 6.5 -5.1
AVUQ Avantis U.S. Quality ETF 0.1 15 46 4.4 -7.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 41 6.2 -5.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 19 5.3 -6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 46 7.4 -4.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 32 4.7 -7.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 22 5.8 -5.9
IWF iShares Russell 1000 Growth ETF 0.0 19 42 4.3 -7.3
VONG Vanguard Russell 1000 Growth ETF 0.0 7 54 4.4 -7.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 31 4.4 -7.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 32 8.3 -3.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.0 47 14 9.1 -2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 3 9.4 -2.2
VSGX Vanguard ESG International Stock ETF 0.0 10 51 7.5 -4.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 53 7.2 -4.5

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

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Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

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:		 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 1.1 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 11.6 %
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.