VanEck Oil Refiners ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 NEUTRAL
2022E    2023E
P/E
ratio		 9.3x P/Sales
ratio		 0.2x
P/BV
ratio		 1.2x Div.
yield		 3.4%


  • 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) $26
Currency USD
Expense ratio 60 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 24
Wgt avg mkt cap (mns) $38,222
Large cap (>$10bn) 60.1%
Mid cap ($2-10bn) 30.4%
Small cap (<$2bn) 3.2%
Developed mkts 62.7%
Emerging mkts 37.3%

TOP TEN HOLDINGS
MARATHON PETROLEUM 9.0 %
VALERO ENERGY CORP 8.2 %
HF SINCLAIR CORPORATION 7.6 %
PHILLIPS 66 7.4 %
RELIANCE INDS-SPONS GDR 144A 7.2 %
NESTE OIL OYJ 6.5 %
JX HOLDINGS INC 4.9 %
OMV AG 4.6 %
SK ENERGY CO LTD 4.4 %
CALTEX AUSTRALIA LIMITED 4.1 %
Total 63.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 34.3 %
JAPAN 10.6 %
SOUTH KOREA 9.6 %
INDIA 7.2 %
FINLAND 6.5 %
POLAND 5.1 %
AUSTRIA 4.6 %
AUSTRALIA 4.1 %
PORTUGAL 4.0 %
HUNGARY 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.2% 9.6% 7.8% -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.19 49%
MSCI EAFE 1.43 68%
MSCI Emg. Mkts. 1.17 54%

Technical Indicators
Recent close $31.28
30d moving avg. $30.48
Annualized volatility 31.8%
Short interest (ETF) 1.2%
Short interest (Underlying) 0.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 18
Turnover 2.2%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $2,091

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 531 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: 60 bp ALTAR Score™: 6.4%


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
(%)
PXE Invesco Dynamic Energy Exploration & Production ETF 19.7 63 -3 4.8 -1.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 19.2 42 18 5.3 -1.1
RYE Invesco S&P 500 Equal Weight Energy ETF 15.7 40 20 4.3 -2.1
JHME John Hancock Multifactor Energy ETF 13.7 40 20 4.4 -2.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 12.9 35 25 5.0 -1.4
XLE Energy Select Sector SPDR Fund 10.8 10 50 4.9 -1.6
IYE iShares U.S. Energy ETF 10.6 42 18 4.3 -2.1
FXN First Trust Energy AlphaDEX Fund 9.8 64 -4 6.7 +0.3
EQRR ProShares Equities for Rising Rates ETF 9.6 35 25 6.9 +0.4
VDE Vanguard Energy Index Fund 9.2 10 50 4.6 -1.8
FENY Fidelity MSCI Energy Index ETF 8.8 8 52 4.6 -1.8
HJEN Direxion Hydrogen ETF 8.7 45 15 -3.2 -9.7
FILL iShares MSCI Global Energy Producers ETF 8.5 39 21 6.5 +0.1
UGCE Uncommon Portfolio Design Core Equity ETF 7.7 65 -5 6.4 -0.0
IXC iShares Global Energy ETF 7.7 43 17 5.7 -0.7
NVQ QRAFT AI-Enhanced US Next Value ETF 7.2 75 -15 10.7 +4.2
DGIN VanEck Digital India ETF 7.2 75 -15 0.2 -6.3
IGE iShares North American Natural Resources ETF 6.7 43 17 4.8 -1.6
KGHG KraneShares Global Carbon Transformation ETF 6.6 89 -29 6.2 -0.2
GBDV Global Beta Smart Income ETF 6.4 29 31 8.7 +2.2
SPVU Invesco S&P 500 Enhanced Value ETF 6.2 13 47 10.1 +3.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.0 60 0 7.8 +1.4
RPV Invesco S&P 500 Pure Value ETF 5.7 35 25 9.1 +2.7
DVLU First Trust Dorsey Wright Momentum & Value ETF 5.6 60 0 10.5 +4.1
PWV Invesco Dynamic Large Cap Value ETF 5.6 58 2 7.3 +0.9
WBIY WBI Power Factor High Dividend ETF 5.6 70 -10 10.3 +3.8
FTXN First Trust Nasdaq Oil & Gas ETF 5.5 60 0 27.7 +21.3
EFNL iShares MSCI Finland Capped ETF 5.3 53 7 6.0 -0.5
EPOL iShares MSCI Poland Capped ETF 5.1 59 1 10.3 +3.8
SPVM Invesco S&P 500 Value with Momentum ETF 5.1 39 21 8.7 +2.3
SPYD SPDR S&P 500 High Dividend ETF 5.0 7 53 7.9 +1.5
ICAP InfraCap Equity Income Fund ETF 5.0 80 -20 8.5 +2.0
COWZ Pacer US Cash Cows 100 ETF 4.9 49 11 10.8 +4.4
SDEI Sound Equity Income ETF 4.8 45 15 9.5 +3.1
EWO iShares MSCI Austria ETF 4.6 51 9 9.5 +3.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 4.1 55 5 6.0 -0.4
PGAL Global X FTSE Portugal 20 ETF 4.0 58 2 7.5 +1.0
LSAT Leadershares Alphafactor Tactical Focused ETF 4.0 99 -39 10.4 +4.0
GSFP Goldman Sachs Future Planet Equity ETF 3.8 75 -15 3.8 -2.6
DVY iShares Select Dividend ETF 3.6 39 21 8.3 +1.9
BICK First Trust BICK Index Fund 3.5 64 -4 5.0 -1.5
FJP First Trust Japan AlphaDEX Fund 3.5 80 -20 10.5 +4.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.4 80 -20 10.4 +3.9
XCEM Columbia EM Core ex-China ETF 3.3 16 44 7.3 +0.8
RFV Invesco S&P Midcap 400 Pure Value ETF 3.2 35 25 10.6 +4.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 3.2 60 0 6.8 +0.4
RWL Invesco S&P 500 Revenue ETF 3.1 39 21 6.7 +0.3
FOVL iShares Focused Value Factor ETF 3.1 25 35 11.8 +5.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 3.1 30 30 7.0 +0.6
PKW Invesco Buyback Achievers ETF 3.0 64 -4 8.9 +2.5
FTHI First Trust High Income ETF 2.9 85 -25 5.9 -0.5
VOE Vanguard Mid-Cap Value Index Fund 2.9 7 53 6.9 +0.5
MAGA Point Bridge GOP Stock Tracker ETF 2.7 72 -12 5.5 -0.9
GVAL Cambria Global Value ETF 2.7 71 -11 8.7 +2.2
SDOG ALPS Sector Dividend Dogs ETF 2.7 40 20 8.7 +2.3
DFEV Dimensional Emerging Markets Value ETF 2.7 43 17 13.3 +6.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 2.6 35 25 7.6 +1.2
TPHD Timothy Plan High Dividend Stock ETF 2.6 52 8 6.1 -0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 2.5 35 25 7.6 +1.2
PXI Invesco DWA Energy Momentum ETF 2.5 60 0 4.6 -1.9
HAP VanEck Natural Resources ETF 2.5 49 11 6.4 -0.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.5 52 8 5.9 -0.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.5 65 -5 3.9 -2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 2.4 25 35 7.1 +0.7
IWS iShares Russell Mid-Cap Value ETF 2.4 23 37 6.7 +0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.4 70 -10 16.9 +10.4
DBLV AdvisorShares DoubleLine Value Equity ETF 2.4 91 -31 6.3 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.4 32 28 6.9 +0.4
EWY iShares MSCI South Korea ETF 2.3 59 1 8.9 +2.4
TUR iShares MSCI Turkey ETF 2.3 59 1 15.9 +9.4
GNR SPDR S&P Global Natural Resources ETF 2.3 40 20 7.8 +1.4
GRES IQ Global Resources ETF 2.3 30 30 7.2 +0.8
FDT First Trust Developed Markets ex-US Alphadex Fund 2.3 80 -20 9.7 +3.2
IUSA Amberwave Invest USA JSG Fund 2.3 67 -7 6.4 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 2.3 25 35 7.0 +0.6
IVAL Alpha Architect International Quantitative Value ETF 2.2 59 1 9.9 +3.5
BNE Blue Horizon BNE ETF 2.2 87 -27 2.1 -4.3
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 10 8.9 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -20 15.4 +9.0
SPDV AAM S&P 500 High Dividend Value ETF 2.1 29 31 8.9 +2.4
QDIV Global X S&P 500 Quality Dividend ETF 2.1 20 40 8.0 +1.5
FSST Fidelity Sustainability U.S. Equity ETF 2.1 59 1 5.9 -0.6
FLKR Franklin FTSE South Korea ETF 2.1 9 51 9.7 +3.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.0 39 21 9.6 +3.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.0 39 21 9.0 +2.6
PSCE Invesco S&P SmallCap Energy ETF 2.0 29 31 3.9 -2.6
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 56 4 9.1 +2.6
SSPY Syntax Stratified LargeCap ETF 2.0 30 30 6.4 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 49 11 9.6 +3.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 1.9 96 -36 4.0 -2.4
PWC Invesco Dynamic Market ETF 1.9 60 0 6.2 -0.2
DWMF WisdomTree International Multifactor Fund 1.9 38 22 7.4 +1.0
DXJ WisdomTree Japan Hedged Equity Fund 1.9 48 12 8.6 +2.2
FUNL CornerCap Fundametrics Large-Cap ETF 1.9 50 10 8.0 +1.6
VALQ American Century STOXX U.S. Quality Value ETF 1.9 29 31 8.9 +2.4
SHE SPDR SSGA Gender Diversity Index ETF 1.8 20 40 5.8 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 1.8 12 48 7.8 +1.4
FEUZ First Trust Eurozone AlphaDEX ETF 1.8 80 -20 8.0 +1.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -7 19.9 +13.5
DIM WisdomTree International MidCap Dividend Fund 1.8 58 2 7.8 +1.3
IUS Invesco Strategic US ETF 1.8 19 41 6.8 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 1.7 30 30 6.3 -0.2
THD iShares MSCI Thailand ETF 1.7 59 1 4.9 -1.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.7 6 54 7.2 +0.7
SYLD Cambria Shareholder Yield ETF 1.7 59 1 11.1 +4.7
SCHD Schwab U.S. Dividend Equity ETF 1.7 6 54 8.5 +2.1
IQIN IQ 500 International ETF 1.7 25 35 8.2 +1.7
JPIN JPMorgan Diversified Return International Equity ETF 1.7 37 23 8.3 +1.9
RAYE Rayliant Quantamental Emerging Market Equity ETF 1.7 80 -20 12.4 +6.0
IWR iShares Russell Midcap ETF 1.7 19 41 5.9 -0.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 1.7 45 15 8.9 +2.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.6 35 25 8.7 +2.3
FIDI Fidelity International High Dividend ETF 1.6 39 21 8.8 +2.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.6 39 21 10.4 +4.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 1.6 35 25 7.5 +1.0
VO Vanguard Mid-Cap Index Fund 1.6 4 56 5.6 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 1.6 34 26 9.0 +2.6
JDIV JPMorgan U.S. Dividend ETF 1.6 12 48 7.7 +1.3
ESGN Columbia Sustainable International Equity Income ETF 1.6 45 15 8.7 +2.3
AIVI WisdomTree International AI Enhanced Value Fund 1.6 58 2 8.5 +2.1
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 0 8.6 +2.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.5 58 2 6.5 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 1.5 39 21 7.2 +0.8
FTA First Trust Large Cap Value AlphaDEX Fund 1.4 60 0 9.4 +2.9
RWK Invesco S&P MidCap 400 Revenue ETF 1.4 39 21 9.2 +2.7
FEP First Trust Europe AlphaDEX Fund 1.4 80 -20 8.8 +2.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.4 58 2 6.4 -0.0
SLT Pacer Salt High truBeta US Market ETF 1.4 60 0 0.0 -6.4
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 40 6.2 -0.2
NUDV Nuveen ESG Dividend ETF 1.3 25 35 7.2 +0.8
REVS Columbia Research Enhanced Value ETF 1.3 19 41 8.2 +1.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.3 29 31 8.1 +1.7
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 25 8.9 +2.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.2 45 15 3.4 -3.1
AVEM Avantis Emerging Markets Equity ETF 1.2 33 27 10.2 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 1.2 48 12 11.3 +4.8
FNDF Schwab Fundamental International Large Co. Index ETF 1.2 25 35 8.5 +2.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.2 4 56 6.1 -0.3
ESGS Columbia Sustainable U.S. Equity Income ETF 1.2 35 25 8.7 +2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.2 29 31 8.5 +2.0
WLDR Affinity World Leaders Equity ETF 1.2 67 -7 9.0 +2.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.2 24 36 7.6 +1.2
GREK Global X FTSE Greece 20 ETF 1.2 58 2 -11.0 -17.4
IMCB iShares Morningstar Mid-Cap ETF 1.2 4 56 6.0 -0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.2 45 15 14.0 +7.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 1.2 30 30 6.4 -0.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.2 75 -15 8.8 +2.4
RBIN Nationwide Risk-Based International Equity ETF 1.2 42 18 7.2 +0.8
DIHP Dimensional International High Profitability ETF 1.2 29 31 7.0 +0.5
QUAL iShares MSCI Usa Quality Factor ETF 1.2 15 45 6.1 -0.3
HLAL Wahed FTSE USA Shariah ETF 1.2 50 10 5.3 -1.1
QINT American Century Quality Diversified International ETF 1.1 39 21 8.7 +2.3
WWJD Inspire International ESG ETF 1.1 80 -20 6.1 -0.3
GCOW Pacer Global High Dividend ETF 1.1 60 0 9.6 +3.2
VFMO Vanguard U.S. Momentum Factor ETF 1.1 13 47 6.0 -0.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 39 21 9.3 +2.9
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 16 11.4 +5.0
CGXU Capital Group International Focus Equity ETF 1.1 54 6 4.7 -1.7
WDIV SPDR Global Dividend ETF 1.1 40 20 8.9 +2.5
WTV WisdomTree US Value Fund 1.1 12 48 8.9 +2.5
IQDG WisdomTree International Quality Dividend Growth Fund 1.1 42 18 6.7 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 1.1 35 25 9.1 +2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 70 -10 9.9 +3.4
AVIV Avantis International Large Cap Value ETF 1.1 25 35 9.9 +3.5
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 1 10.6 +4.2
FEX First Trust Large Cap Core AlphaDEX Fund 1.1 59 1 7.5 +1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 1.1 20 40 6.7 +0.3
RYJ Invesco Raymond James SB-1 Equity ETF 1.1 75 -15 3.6 -2.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 1.1 29 31 7.8 +1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.1 58 2 6.5 +0.0
FDWM Fidelity Women's Leadership ETF 1.0 59 1 6.0 -0.4
RNDV US Equity Dividend Select ETF 1.0 50 10 8.1 +1.7
TPLC Timothy Plan US Large Cap Core ETF 1.0 52 8 5.9 -0.6
RODE Hartford Multifactor Diversified International ETF 1.0 29 31 10.7 +4.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 1.0 23 37 7.8 +1.3
EWJV iShares MSCI Japan Value ETF 1.0 15 45 9.2 +2.8
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.0 80 -20 21.2 +14.8
VYM Vanguard High Dividend Yield Index ETF 1.0 6 54 7.6 +1.1
ISEM Invesco RAFI Strategic Emerging Markets ETF 1.0 35 25 12.3 +5.8
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 1.0 75 -15 6.9 +0.5
DTH WisdomTree International High Dividend Fund 1.0 58 2 9.0 +2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.0 25 35 7.3 +0.8
KLCD KFA Large Cap Quality Dividend Index ETF 1.0 42 18 6.2 -0.3
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 35 8.7 +2.2
AIEQ AI Powered Equity ETF 1.0 80 -20 3.5 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 13 10.3 +3.9
DIVB iShares U.S. Dividend & Buyback ETF 0.9 25 35 7.3 +0.8
SPHQ Invesco S&P 500 Quality ETF 0.9 15 45 6.9 +0.5
VFVA Vanguard U.S. Value Factor ETF 0.9 14 46 11.0 +4.5
BLES Inspire Global Hope Large Cap ETF 0.9 52 8 5.7 -0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 0.9 30 30 6.0 -0.4
EWJE iShares MSCI Japan Equal Weighted ETF 0.9 15 45 6.9 +0.5
FMIL Fidelity New Millennium ETF 0.9 59 1 6.7 +0.3
GSPY Gotham Enhanced 500 ETF 0.9 50 10 6.1 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.9 32 28 6.2 -0.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 19 8.7 +2.3
AVUS Avantis U.S. Equity ETF 0.9 15 45 6.8 +0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -20 9.5 +3.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.9 10 50 6.0 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 0.9 10 50 5.9 -0.5
SIZE iShares MSCI USA Size Factor ETF 0.9 15 45 6.2 -0.2
IVE iShares S&P 500 Value ETF 0.9 18 42 6.6 +0.1
VTV Vanguard Value Index Fund 0.9 4 56 7.3 +0.9
VOOV Vanguard S&P 500 Value ETF 0.9 10 50 6.6 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 56 6.7 +0.3
IUSV iShares Core S&P U.S. Value ETF 0.8 4 56 6.8 +0.4
VONV Vanguard Russell 1000 Value Index Fund 0.8 8 52 7.1 +0.6
IWD iShares Russell 1000 Value ETF 0.8 19 41 6.9 +0.5
DSI iShares MSCI KLD 400 Social ETF 0.8 25 35 5.9 -0.5
FIVA Fidelity International Value Factor ETF 0.8 39 21 9.8 +3.4
DHS WisdomTree U.S. High Dividend Fund 0.8 38 22 7.6 +1.2
RECS Columbia Research Enhanced Core ETF 0.8 15 45 7.0 +0.5
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.8 65 -5 6.4 -0.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 21 15.0 +8.6
ISZE iShares Edge MSCI Intl Size Factor ETF 0.8 30 30 6.5 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 21 7.4 +0.9
RSP Invesco S&P 500 Equal Weight ETF 0.8 20 40 6.2 -0.2
PDP Invesco DWA Momentum ETF 0.8 62 -2 5.0 -1.4
DEW WisdomTree Global High Dividend Fund 0.7 58 2 8.2 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.7 40 20 7.8 +1.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -10 9.6 +3.1
SCHV Schwab U.S. Large-Cap Value ETF 0.7 4 56 7.1 +0.6
DFAT Dimensional U.S. Targeted Value ETF 0.7 34 26 8.3 +1.9
RNLC Large Cap US Equity Select ETF 0.7 60 0 6.8 +0.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.7 58 2 8.8 +2.3
CIL VictoryShares International Volatility Weighted Index ETF 0.7 45 15 6.8 +0.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.7 58 2 8.8 +2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.7 9 51 6.3 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 0.7 49 11 5.9 -0.5
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 72 -12 12.0 +5.6
SFY SoFi Select 500 ETF 0.7 0 60 5.9 -0.5
DWM WisdomTree International Equity Fund 0.7 48 12 7.9 +1.4
INTF iShares Edge MSCI Multifactor Intl ETF 0.7 30 30 9.4 +3.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.7 12 48 5.5 -0.9
JPXN iShares JPX-Nikkei 400 ETF 0.7 48 12 7.4 +1.0
EZU iShares MSCI Eurozone ETF 0.7 51 9 6.7 +0.2
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 6.0 -0.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.7 50 10 14.2 +7.8
USVT US Value ETF 0.7 49 11 11.2 +4.7
LDEM iShares ESG MSCI EM Leaders ETF 0.7 16 44 8.7 +2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 35 25 7.8 +1.4
ILCV iShares Morningstar Value ETF 0.7 4 56 7.1 +0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 0.7 9 51 0.0 -6.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 11 9.1 +2.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.6 25 35 7.8 +1.4
IJJ iShares S&P Mid-Cap 400 Value ETF 0.6 18 42 8.2 +1.8
AVES Avantis Emerging Markets Value ETF 0.6 36 24 13.6 +7.2
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 45 8.4 +2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 45 8.2 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 15 45 8.2 +1.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 51 5.7 -0.7
SPMO Invesco S&P 500 Momentum ETF 0.6 13 47 5.7 -0.7
JHML John Hancock Multifactor Large Cap ETF 0.6 29 31 6.2 -0.2
WKLY SoFi Weekly Dividend ETF 0.6 49 11 7.5 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 15 8.0 +1.6
EMFM Global X MSCI Next Emerging & Frontier ETF 0.6 70 -10 6.5 +0.0
IQDE FlexShares International Quality Dividend Defensive Index ET 0.6 47 13 9.4 +3.0
JHMD John Hancock Multifactor Developed International ETF 0.6 39 21 7.2 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.6 20 40 6.9 +0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.6 35 25 6.5 +0.1
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 0.6 16 44 8.9 +2.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.6 61 -1 7.0 +0.6
EFIV SPDR S&P 500 ESG ETF 0.6 10 50 5.9 -0.5
TPIF Timothy Plan International ETF 0.6 62 -2 6.7 +0.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.6 15 45 7.6 +1.2
SLYV SPDR S&P 600 Small Cap Value ETF 0.6 15 45 7.6 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 0.6 27 33 6.0 -0.4
IJS iShares S&P Small-cap 600 Value ETF 0.6 18 42 7.6 +1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 50 10 13.0 +6.6
EWT iShares MSCI Taiwan ETF 0.6 59 1 7.2 +0.8
EURZ Xtrackers Eurozone Equity ETF 0.6 9 51 0.0 -6.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 47 13 6.5 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 40 7.6 +1.2
IQSU IQ Candriam ESG US Equity ETF 0.6 9 51 5.9 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 0.6 15 45 6.4 -0.1
AESR Anfield U.S. Equity Sector Rotation ETF 0.6 146 -86 4.5 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 51 6.1 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.6 14 46 6.3 -0.1
SNPE Xtrackers S&P 500 ESG ETF 0.6 10 50 5.9 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 31 29 8.4 +2.0
JEMA JPMorgan Emerging Markets Equity Core ETF 0.6 39 21 8.0 +1.6
ISCV iShares Morningstar Small Cap Value ETF 0.6 6 54 8.0 +1.6
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 33 7.4 +1.0
IDHQ Invesco S&P International Developed Quality ETF 0.6 29 31 6.7 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.6 20 40 5.9 -0.6
VPL Vanguard FTSE Pacific ETF 0.6 8 52 7.2 +0.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.6 19 41 6.6 +0.2
TEMP JPMorgan Climate Change Solutions ETF 0.6 49 11 4.6 -1.9
FLDZ RiverNorth Volition America Patriot ETF 0.6 70 -10 5.5 -0.9
FBCG Fidelity Blue Chip Growth ETF 0.5 59 1 2.5 -3.9
EWJ iShares MSCI Japan ETF 0.5 51 9 6.8 +0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.5 25 35 7.4 +0.9
PXUS Principal International Adaptive Multi-Factor ETF 0.5 24 36 7.3 +0.9
FLJH Franklin FTSE Japan Hedged ETF 0.5 9 51 7.3 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 52 7.4 +1.0
FLTW Franklin FTSE Taiwan ETF 0.5 19 41 7.6 +1.2
FLJP Franklin FTSE Japan ETF 0.5 9 51 7.3 +0.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.5 46 14 6.9 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 0.5 15 45 5.8 -0.6
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.5 15 45 5.8 -0.6
SUSA iShares MSCI USA ESG Select ETF 0.5 25 35 5.8 -0.6
DFIC Dimensional International Core Equity 2 ETF 0.5 23 37 6.8 +0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.5 45 15 7.1 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 27 33 5.6 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 41 7.1 +0.7
JMIN JPMorgan U.S. Minimum Volatility ETF 0.5 12 48 5.9 -0.6
AVDV Avantis International Small Cap Value ETF 0.5 36 24 7.1 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.5 27 33 5.6 -0.8
DFIV Dimensional International Value ETF 0.5 35 25 9.5 +3.1
VYMI Vanguard International High Dividend Yield ETF 0.5 27 33 10.2 +3.7
DFAU Dimensional US Core Equity Market ETF 0.5 12 48 6.2 -0.3
VIDI Vident International Equity Fund 0.5 59 1 11.4 +5.0
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 54 4.5 -1.9
XVV iShares ESG Screened S&P 500 ETF 0.5 8 52 6.0 -0.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 49 6.3 -0.2
DFSV Dimensional US Small Cap Value ETF 0.5 31 29 8.7 +2.3
IQSI IQ Candriam ESG International Equity ETF 0.5 15 45 6.9 +0.5
EWA iShares MSCI Australia ETF 0.5 51 9 5.3 -1.1
AVUV Avantis U.S. Small Cap Value ETF 0.5 25 35 9.2 +2.8
HFXI IQ 50 Percent Hedged FTSE International ETF 0.5 20 40 7.1 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.5 29 31 7.7 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 28 8.5 +2.1
JHMM John Hancock Multifactor Mid Cap ETF 0.5 41 19 6.7 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.5 7 53 7.2 +0.8
XVOL Acruence Active Hedge U.S. Equity ETF 0.5 83 -23 5.2 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 40 5.9 -0.5
FLAU Franklin FTSE Australia ETF 0.5 9 51 5.8 -0.6
EEM iShares MSCI Emerging Markets ETF 0.5 70 -10 8.1 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 0.5 3 57 6.1 -0.3
XTR Global X S&P 500 Tail Risk ETF 0.5 60 0 5.6 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 0.4 60 0 5.4 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -6 7.4 +1.0
YPS Arrow Reverse Cap 500 ETF 0.4 29 31 6.1 -0.3
SPLG SPDR Portfolio S&P 500 ETF 0.4 3 57 6.0 -0.4
IVV iShares Core S&P 500 ETF 0.4 3 57 6.0 -0.4
PBP Invesco S&P 500 BuyWrite ETF 0.4 49 11 5.5 -0.9
VOO VANGUARD S&P 500 ETF 0.4 3 57 6.0 -0.4
SPY SPDR S&P 500 ETF Trust 0.4 9 51 5.9 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 31 5.7 -0.8
XRMI Global X S&P 500 Risk Managed Income ETF 0.4 60 0 5.4 -1.1
VDNI V-Shares US Leadership Diversity ETF 0.4 29 31 6.2 -0.3
RDMX SPDR Bloomberg SASB Developed Markets EX US ESG Select ETF 0.4 12 48 7.4 +1.0
VOTE Engine No. 1 Transform 500 ETF 0.4 5 55 5.9 -0.6
VT Vanguard Total World Stock ETF 0.4 8 52 6.3 -0.2
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 56 5.9 -0.5
AVSC Avantis U.S Small Cap Equity ETF 0.4 25 35 5.2 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 53 5.9 -0.6
XCLR Global X S&P 500 Collar 95-110 ETF 0.4 60 0 5.4 -1.0
DFUS Dimensional U.S. Equity ETF 0.4 11 49 5.9 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 4 56 6.8 +0.4
DFAI Dimensional International Core Equity Market ETF 0.4 18 42 6.7 +0.3
VONE Vanguard Russell 1000 ETF 0.4 8 52 5.9 -0.5
IWB iShares Russell 1000 ETF 0.4 15 45 5.9 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 0.4 11 49 8.6 +2.1
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 30 6.2 -0.3
VV Vanguard Large-Cap Index Fund 0.4 4 56 5.8 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 58 5.9 -0.5
ACWI iShares MSCI ACWI ETF 0.4 32 28 6.1 -0.3
GLIF AGFiQ Global Infrastructure ETF 0.4 45 15 4.5 -2.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 40 6.9 +0.5
IPAC iShares Core MSCI Pacific ETF 0.4 9 51 6.7 +0.3
SCHF Schwab International Equity ETF 0.4 6 54 7.3 +0.9
IYY iShares Dow Jones U.S. ETF 0.4 20 40 5.7 -0.7
IWV iShares Russell 3000 ETF 0.4 20 40 5.5 -0.9
SCHX Schwab U.S. Large-Cap ETF 0.4 3 57 5.9 -0.6
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 57 5.9 -0.6
VTHR Vanguard Russell 3000 Index Fund 0.4 10 50 5.6 -0.8
URTH iShares MSCI World ETF 0.4 24 36 5.9 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 57 5.6 -0.8
SCHK Schwab 1000 Index ETF 0.4 5 55 5.9 -0.6
SCHB Schwab U.S. Broad Market ETF 0.4 3 57 5.8 -0.6
AVDE Avantis International Equity ETF 0.4 23 37 7.7 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 28 7.3 +0.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 15 45 6.1 -0.4
TOK iShares MSCI Kokusai ETF 0.4 25 35 5.9 -0.6
EFV iShares MSCI EAFE Value ETF 0.4 39 21 8.6 +2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 32 6.7 +0.3
VTI Vanguard Total Stock Market Index Fund 0.4 3 57 5.5 -1.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 11 4.9 -1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 0.4 30 30 6.6 +0.2
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 30 7.2 +0.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 50 10 7.8 +1.4
VEA Vanguard FTSE Developed Markets ETF 0.4 5 55 7.1 +0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 51 6.0 -0.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 0 7.6 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 -3 15.7 +9.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 30 9.4 +3.0
EFA iShares MSCI EAFE ETF 0.4 32 28 6.7 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 0.4 32 28 5.8 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 24 7.8 +1.3
FLEE Franklin FTSE Europe ETF 0.4 9 51 7.1 +0.7
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 48 7.6 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 51 7.1 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 19 6.9 +0.5
FLEH Franklin FTSE Europe Hedged ETF 0.4 9 51 7.0 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 24 6.6 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 41 7.8 +1.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 71 -11 7.1 +0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -10 7.4 +1.0
IVLU iShares Edge MSCI Intl Value Factor ETF 0.4 30 30 10.4 +3.9
VGK Vanguard FTSE Europe ETF 0.4 8 52 6.9 +0.5
EFG iShares MSCI EAFE Growth ETF 0.4 40 20 4.5 -2.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 63 -3 8.4 +2.0
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 12 7.8 +1.3
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.4 19 41 8.0 +1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 30 30 9.1 +2.7
IXUS ishares Core MSCI Total International Stock ETF 0.3 9 51 7.3 +0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.3 40 20 7.3 +0.8
VBR Vanguard Small Cap Value Index Fund 0.3 7 53 8.2 +1.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 48 7.4 +1.0
MGV Vanguard Mega Cap Value ETF 0.3 7 53 7.3 +0.9
VFMF Vanguard U.S. Multifactor ETF 0.3 19 41 9.1 +2.6
MDY SPDR S&P Midcap 400 ETF Trust 0.3 23 37 7.3 +0.9
DTD WisdomTree U.S.Total Dividend Fund 0.3 28 32 6.9 +0.5
BKIE BNY Mellon International Equity ETF 0.3 4 56 7.1 +0.7
IJH iShares Core S&P Mid-Cap ETF 0.3 5 55 7.5 +1.1
SPMD SPDR Portfolio Mid Cap ETF 0.3 5 55 7.5 +1.1
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -15 9.6 +3.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 50 7.4 +1.0
IEFA iShares Core MSCI EAFE ETF 0.3 7 53 6.8 +0.4
SPEU SPDR Portfolio Europe ETF 0.3 9 51 6.8 +0.4
IEV iShares Europe ETF 0.3 59 1 6.6 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 35 6.3 -0.1
JIDA JPMorgan ActiveBuilders International Equity ETF 0.3 25 35 7.6 +1.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 45 7.8 +1.4
VXUS Vanguard Total International Stock ETF 0.3 8 52 7.4 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.3 17 43 5.5 -1.0
SFYX Sofi Next 500 ETF 0.3 0 60 6.6 +0.2
IJR iShares Core S&P Small Cap ETF 0.3 6 54 7.6 +1.2
SLY SPDR S&P 600 Small Cap ETF 0.3 15 45 7.5 +1.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 5 55 7.6 +1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 10 50 7.6 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 14 6.6 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 41 6.6 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 0.3 5 55 6.9 +0.5
ISCB iShares Morningstar Small-Cap ETF 0.3 4 56 5.1 -1.3
EPP iShares MSCI Pacific ex-Japan ETF 0.3 48 12 5.7 -0.8
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.3 45 15 11.8 +5.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.3 35 25 6.6 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 49 8.7 +2.3
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 0.3 19 41 6.1 -0.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 49 8.1 +1.7
SCJ iShares MSCI Japan Small-Cap ETF 0.3 51 9 6.6 +0.2
IEUR iShares Core MSCI Europe ETF 0.3 9 51 6.9 +0.4
PDEV Principal International Multi-Factor Core Index ETF 0.3 25 35 0.0 -6.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 35 7.4 +1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 1 10.6 +4.1
SCHA Schwab U.S. Small-Cap ETF 0.3 4 56 5.5 -0.9
CSML IQ Chaikin U.S. Small Cap ETF 0.3 35 25 5.8 -0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 0.3 20 40 8.7 +2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.3 30 30 6.8 +0.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 35 7.3 +0.8
DFAS Dimensional U.S. Small Cap ETF 0.3 34 26 6.7 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.3 80 -20 5.8 -0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.3 25 35 7.5 +1.0
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 11 7.2 +0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -15 6.0 -0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 36 7.6 +1.1
SSLY Syntax Stratified SmallCap ETF 0.3 40 20 7.3 +0.8
ACVF American Conservative Values ETF 0.3 75 -15 5.2 -1.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 52 8 5.7 -0.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 45 8.0 +1.6
JAVA JPMorgan Active Value ETF 0.3 44 16 6.6 +0.2
LVOL American Century Low Volatility ETF 0.2 29 31 5.4 -1.0
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.2 40 20 8.6 +2.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.2 6 54 5.6 -0.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 46 5.9 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 21 7.7 +1.2
IWN iShares Russell 2000 Value ETF 0.2 24 36 2.2 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 6.2 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 45 2.6 -3.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.2 30 30 6.9 +0.5
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 2 9.0 +2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 2 11.8 +5.4
FRDM Freedom 100 Emerging Markets ETF 0.2 49 11 9.0 +2.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.2 40 20 7.3 +0.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 51 5.0 -1.5
VB Vanguard Small-Cap ETF 0.2 5 55 6.1 -0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.2 16 44 8.1 +1.7
SCHE Schwab Emerging Markets Equity ETF 0.2 11 49 8.3 +1.9
QLC FlexShares US Quality Large Cap Index Fund 0.2 32 28 6.6 +0.2
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 48 8.8 +2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 5.9 -0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 18 5.9 -0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 25 8.4 +1.9
RNDM First Trust Developed International Equity Select ETF 0.2 65 -5 6.4 -0.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -15 5.6 -0.9
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.2 38 22 9.1 +2.7
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 56 6.4 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 40 6.6 +0.2
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 0.2 44 16 9.3 +2.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.2 45 15 6.8 +0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -5 8.1 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 30 8.3 +1.8
MGC Vanguard Mega Cap Index Fund 0.2 7 53 5.9 -0.6
IGRO iShares International Dividend Growth ETF 0.2 15 45 7.8 +1.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 40 10.2 +3.7
VXF Vanguard Extended Market Index Fund 0.2 6 54 2.6 -3.9
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.2 50 10 3.1 -3.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 25 6.4 -0.1
AMZA InfraCap MLP ETF 0.2 201 -141 3.0 -3.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 40 8.0 +1.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 10 50 8.3 +1.9
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 43 6.2 -0.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 11 7.8 +1.4
SMMD iShares Russell 2500 ETF 0.1 15 45 6.4 -0.0
IWM iShares Russell 2000 ETF 0.1 19 41 1.5 -5.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 40 8.4 +2.0
VTWO Vanguard Russell 2000 Index Fund 0.1 10 50 1.7 -4.7
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 35 8.1 +1.7
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 8 8.3 +1.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 31 29 7.7 +1.3
ILCG iShares Morningstar Growth ETF 0.1 4 56 4.5 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 40 6.8 +0.4
GWX SPDR S&P International Small Cap ETF 0.1 40 20 4.3 -2.1
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 52 7.4 +0.9
DISV Dimensional International Small Cap Value ETF 0.1 42 18 9.6 +3.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.1 34 26 5.7 -0.7
ACWF iShares MSCI Global Multifactor ETF 0.1 35 25 9.2 +2.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 20 5.6 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 15 8.8 +2.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 49 5.6 -0.9
DFIS Dimensional International Small Cap ETF 0.1 39 21 5.6 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 43 7.6 +1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 21 7.1 +0.7
RYLD Global X Russell 2000 Covered Call ETF 0.1 60 0 1.2 -5.2
MLPA Global X MLP ETF 0.1 46 14 4.5 -2.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 11 49 6.1 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 40 5.7 -0.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.0 35 25 8.2 +1.8
FDEV Fidelity Targeted International Factor ETF 0.0 39 21 6.9 +0.4

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.49
 
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.