Invesco MSCI Global Timber ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 SPECULATIVE
2021E    2022E
P/E
ratio		 14.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.7x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Timber Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Beacon Global Timber Index, which is comprised of global timber companies.

FUND BASICS
Category Global Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Nov 09, 2007
Assets (mns) $113
Currency USD
Expense ratio 61 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 71
Wgt avg mkt cap (mns) $11,998
Large cap (>$10bn) 57.3%
Mid cap ($2-10bn) 35.8%
Small cap (<$2bn) 6.3%
Developed mkts 89.7%
Emerging mkts 10.3%

TOP TEN HOLDINGS
INTERNATIONAL PAPER CO 5.7 %
AVERY DENNISON CORP 5.6 %
WESTROCK CO. 5.3 %
WEYERHAEUSER CO 5.2 %
AMCOR PLC 5.0 %
PACKAGING CORP OF AMERICA 4.9 %
UPM-KYMMENE OYJ 4.5 %
MONDI PLC 4.5 %
SMURFIT KAPPA GROUP PLC 4.4 %
STORA ENSO OYJ-R SHS 3.8 %
Total 48.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 42.2 %
BRITAIN 12.3 %
FINLAND 10.7 %
SWEDEN 6.4 %
BRAZIL 5.0 %
CANADA 5.0 %
IRELAND 4.4 %
JAPAN 3.9 %
SWITZERLAND 2.8 %
HONG KONG 1.3 %

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.
13.8% 67.2% 12.7% 7.2% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.13 79%
MSCI EAFE 1.15 80%
MSCI Emg. Mkts. 0.98 73%

Technical Indicators
Recent close $39.79
30d moving avg. $37.90
Annualized volatility 23.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.8%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $2,260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 686 potential alternatives to the Invesco MSCI Global Timber ETF ETF based on the alternatives' overlap in portfolio holdings with CUT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CUT Expense: 61 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CUT
Ticker Fund
Name		 Overlap1
vs CUT
(%)		 Expense
ratio
(bp)		 Savings
vs CUT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CUT
(%)
WOOD iShares Global Timber & Forestry ETF 52.3 46 15 7.2 +0.7
RTM Invesco S&P 500 Equal Weight Materials ETF 18.8 40 21 4.5 -1.9
GNR SPDR S&P Global Natural Resources ETF 17.4 40 21 5.5 -1.0
JHMA John Hancock Multifactor Materials ETF 15.4 40 21 4.9 -1.6
GRES IQ Global Resources ETF 10.9 78 -17 6.5 +0.0
EFNL iShares MSCI Finland Capped ETF 10.6 53 8 4.7 -1.7
FMAT Fidelity MSCI Materials Index ETF 10.3 8 53 4.8 -1.6
XLB Materials Select Sector SPDR Fund 10.2 12 49 4.5 -2.0
VAW Vanguard Materials Index Fund 9.9 10 51 4.8 -1.7
AMER Emles Made in America ETF 9.9 49 12 5.9 -0.5
PYZ Invesco DWA Basic Materials Momentum ETF 8.1 60 1 3.8 -2.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 7.5 39 22 7.8 +1.4
IGE iShares North American Natural Resources ETF 6.8 46 15 3.7 -2.7
MXI iShares Global Materials ETF 6.8 45 16 4.8 -1.7
SPRE SP Funds S&P Global REIT Sharia ETF 6.3 69 -8 3.6 -2.8
WBIY WBI Power Factor High Dividend ETF 5.8 70 -9 8.1 +1.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 5.8 64 -3 5.2 -1.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 5.7 85 -24 3.4 -3.0
FXZ First Trust Materials AlphaDEX Fund 5.6 67 -6 6.1 -0.3
FTRI First Trust Indxx Global Natural Resources Income ETF 5.4 70 -9 8.4 +2.0
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 5.3 45 16 4.0 -2.4
DWCR Arrow DWA Country Rotation ETF 5.2 136 -75 3.4 -3.0
GBDV Global Beta Smart Income ETF 5.2 29 32 7.6 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.0 46 15 5.3 -1.2
IVRA Invesco Real Assets ESG ETF 5.0 59 2 4.7 -1.7
QVAL Alpha Architect U.S. Quantitative Value ETF 5.0 49 12 7.3 +0.9
GQRE FlexShares Global Quality Real Estate Index Fund 4.9 45 16 5.8 -0.6
EQRR ProShares Equities for Rising Rates ETF 4.5 35 26 5.5 -0.9
QDIV Global X S&P 500 Quality Dividend ETF 4.5 20 41 6.1 -0.3
SDOG ALPS Sector Dividend Dogs ETF 4.2 40 21 7.5 +1.1
SYLD Cambria Shareholder Yield ETF 4.1 59 2 6.8 +0.4
EIRL iShares MSCI Ireland Capped ETF 4.0 51 10 4.5 -1.9
PZD Invesco Cleantech ETF 4.0 65 -4 3.9 -2.6
HAP VanEck Vectors Natural Resources ETF 3.9 50 11 4.6 -1.8
FBZ First Trust Brazil AlphaDEX Fund 3.9 80 -19 4.6 -1.9
SDG iShares Sustainable MSCI Global Impact ETF 3.9 49 12 5.3 -1.1
FLN First Trust Latin America AlphaDEX Fund 3.9 80 -19 6.0 -0.4
EWZ iShares MSCI Brazil Capped ETF 3.7 59 2 4.2 -2.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.6 30 31 6.9 +0.5
FKU First Trust United Kingdom AlphaDEX Fund 3.6 80 -19 7.1 +0.7
SDEI Sound Equity Income ETF 3.6 45 16 8.0 +1.6
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 3.6 40 21 5.0 -1.4
DVY iShares Select Dividend ETF 3.5 39 22 7.2 +0.8
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 3.4 25 36 6.5 +0.1
XLRE The Real Estate Select Sector SPDR Fund 3.4 12 49 4.9 -1.5
LSAF LeaderShares AlphaFactor US Core Equity ETF 3.3 75 -14 5.1 -1.4
FLV American Century Focused Large Cap Value ETF 3.3 42 19 5.5 -0.9
VALQ American Century STOXX U.S. Quality Value ETF 3.2 29 32 6.8 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 3.2 59 2 6.6 +0.2
SPVM Invesco S&P 500 Value with Momentum ETF 3.1 39 22 6.9 +0.4
VOE Vanguard Mid-Cap Value Index Fund 3.0 7 54 5.9 -0.5
IYR iShares U.S. Real Estate ETF 3.0 42 19 5.1 -1.3
FLBR Franklin FTSE Brazil ETF 3.0 19 42 5.3 -1.2
SCHH Schwab U.S. REIT ETF 2.9 7 54 5.3 -1.1
DVLU First Trust Dorsey Wright Momentum & Value ETF 2.9 60 1 8.5 +2.1
PSR Invesco Active U.S. Real Estate Fund 2.9 35 26 4.9 -1.5
FREL Fidelity MSCI Real Estate Index ETF 2.9 9 53 5.4 -1.0
HOMZ Hoya Capital Housing ETF 2.9 30 31 6.4 -0.1
FSZ First Trust Switzerland AlphaDEX Fund 2.9 80 -19 3.8 -2.6
DON WisdomTree U.S. MidCap Dividend Fund 2.8 38 23 6.1 -0.3
COWZ Pacer US Cash Cows 100 ETF 2.8 49 12 8.0 +1.6
SDY SPDR S&P Dividend ETF 2.8 35 26 5.6 -0.8
ONEY SPDR Russell 1000 Yield Focus ETF 2.7 20 41 6.0 -0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 2.7 17 44 5.4 -1.0
JDIV JPMorgan U.S. Dividend ETF 2.7 12 49 6.3 -0.1
DFAI Dimensional International Core Equity Market ETF 2.6 18 43 6.0 -0.4
FOVL iShares Focused Value Factor ETF 2.6 25 36 8.3 +1.8
PRN Invesco DWA Industrials Momentum ETF 2.6 60 1 1.8 -4.6
RDVY First Trust Rising Dividend Achievers ETF 2.5 50 11 6.0 -0.4
VNQ Vanguard REIT Index Fund 2.5 12 49 5.3 -1.1
KVLE KFA Value Liner Dynamic Core Equity Index ETF 2.5 56 5 5.9 -0.5
NUMV Nuveen ESG Mid-Cap Value ETF 2.5 40 21 5.4 -1.0
SLT Pacer Salt High truBeta US Market ETF 2.5 60 1 2.8 -3.6
FLLA Franklin FTSE Latin America ETF 2.5 19 42 5.7 -0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 2.5 35 26 7.1 +0.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 2.5 29 32 5.1 -1.3
PSCM Invesco S&P SmallCap Materials ETF 2.5 29 32 5.4 -1.0
FDVV Fidelity Core Dividend ETF 2.4 29 32 6.1 -0.3
SPYD SPDR S&P 500 High Dividend ETF 2.4 7 54 7.6 +1.2
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 2.4 85 -24 5.6 -0.8
IMCV iShares Morningstar Mid-Cap Value ETF 2.4 6 55 5.8 -0.6
IYJ iShares U.S. Industrials ETF 2.4 42 19 4.6 -1.8
CZA Invesco Zacks Mid-Cap ETF 2.4 69 -8 4.7 -1.7
XMHQ Invesco S&P MidCap Quality ETF 2.4 25 36 5.4 -1.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 2.4 38 23 6.5 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 2.3 83 -22 4.7 -1.7
SPHB Invesco S&P 500 High Beta ETF 2.2 25 36 4.8 -1.6
BLES Inspire Global Hope Large Cap ETF 2.2 52 9 4.7 -1.7
MAGA Point Bridge GOP Stock Tracker ETF 2.2 72 -11 4.9 -1.5
LYFE 2nd Vote Life Neutral Plus ETF 2.2 75 -14 5.6 -0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.1 80 -19 6.8 +0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.1 58 3 6.5 +0.1
EZM WisdomTree U.S. MidCap Earnings Fund 2.1 38 23 7.0 +0.6
TPHD Timothy Plan High Dividend Stock ETF 2.0 52 9 5.3 -1.2
PEY Invesco High Yield Equity Dividend Achievers ETF 2.0 52 9 6.8 +0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 2.0 35 26 6.8 +0.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 2.0 35 26 6.8 +0.4
ROUS Hartford Multifactor US Equity ETF 2.0 19 42 5.3 -1.1
IEUS iShares MSCI Europe Small-Cap ETF 2.0 40 21 4.9 -1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 2.0 35 26 4.8 -1.6
AFMC First Trust Active Factor Mid Cap ETF 1.9 65 -4 5.2 -1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.9 24 37 5.4 -1.0
SPDV AAM S&P 500 High Dividend Value ETF 1.9 29 32 7.7 +1.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 41 20 4.9 -1.5
VETS Pacer Military Times Best Employers ETF 1.9 60 1 5.8 -0.6
JHSC John Hancock Multifactor Small Cap ETF 1.9 42 19 4.6 -1.8
IWS iShares Russell Mid-Cap Value ETF 1.9 24 37 5.2 -1.2
CHIM Global X MSCI China Materials ETF 1.9 66 -5 8.0 +1.6
JHMM John Hancock Multifactor Mid Cap ETF 1.8 42 19 4.5 -2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.8 20 41 5.6 -0.8
FNK First Trust Mid Cap Value AlphaDEX Fund 1.8 70 -9 7.0 +0.5
PIZ Invesco DWA Developed Markets Momentum ETF 1.8 80 -19 3.5 -2.9
SCHD Schwab U.S. Dividend Equity ETF 1.8 6 55 6.7 +0.3
RNMC Mid Cap US Equity Select ETF 1.8 60 1 5.7 -0.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.8 45 16 5.7 -0.7
STMB iShares Factors US Mid Blend Style ETF 1.8 30 31 5.3 -1.1
REVS Columbia Research Enhanced Value ETF 1.7 19 42 6.4 -0.1
SYV SPDR MFS Systematic Value Equity ETF 1.7 60 1 0.0 -6.4
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 6 6.5 +0.1
SCHM Schwab U.S. Mid-Cap ETF 1.7 4 57 4.6 -1.8
FVD First Trust Value Line Dividend Index Fund 1.7 70 -9 5.2 -1.2
DIM WisdomTree International MidCap Dividend Fund 1.7 58 3 6.6 +0.2
PKW Invesco Buyback Achievers ETF 1.6 62 -1 6.9 +0.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.6 29 32 5.0 -1.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 26 5.0 -1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 1.6 17 44 5.3 -1.1
STLV iShares Factors US Value Style ETF 1.6 25 36 6.6 +0.1
AIIQ AI Powered International Equity ETF 1.6 79 -18 3.5 -2.9
NUSC Nuveen ESG Small-Cap ETF 1.6 40 21 3.7 -2.7
LRGF iShares Edge MSCI Multifactor USA ETF 1.6 20 41 5.9 -0.5
FNX First Trust Mid Cap Core AlphaDEX Fund 1.6 60 1 5.0 -1.5
PSC Principal U.S. Small Cap Index ETF 1.6 38 23 4.3 -2.1
FTA First Trust Large Cap Value AlphaDEX Fund 1.6 60 1 7.0 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.6 24 37 6.4 +0.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 1.6 29 32 5.9 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 1.6 20 41 5.3 -1.1
VO Vanguard Mid-Cap Index Fund 1.6 4 57 4.3 -2.1
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 55 5.8 -0.7
RPV Invesco S&P 500 Pure Value ETF 1.5 35 26 8.3 +1.9
FRDM Freedom 100 Emerging Markets ETF 1.5 49 12 5.3 -1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 32 4.7 -1.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 1.5 37 24 5.4 -1.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.5 35 26 6.0 -0.5
RSP Invesco S&P 500 Equal Weight ETF 1.5 20 41 5.0 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 1.5 70 -9 7.1 +0.6
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 36 5.9 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.5 18 43 5.6 -0.8
MGMT Ballast Small/Mid Cap ETF 1.5 110 -49 5.3 -1.1
TMDV ProShares Russell US Dividend Growers ETF 1.5 36 25 4.6 -1.8
VSDA VictoryShares Dividend Accelerator ETF 1.5 35 26 4.4 -2.1
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 -14 9.6 +3.2
EWUS iShares MSCI United Kingdom Small Cap ETF 1.5 59 2 5.0 -1.4
VNMC Natixis Vaughan Nelson Mid Cap ETF 1.5 90 -29 5.9 -0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.5 15 46 6.2 -0.3
FNDC Schwab Fundamental International Small Co. Index ETF 1.4 39 22 5.0 -1.5
VFVA Vanguard U.S. Value Factor ETF 1.4 14 47 7.8 +1.4
AVDV Avantis International Small Cap Value ETF 1.4 36 25 6.3 -0.1
AFSM First Trust Active Factor Small Cap ETF 1.4 77 -16 4.6 -1.8
ESGN Columbia Sustainable International Equity Income ETF 1.4 45 16 8.3 +1.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.4 80 -19 4.7 -1.7
IWR iShares Russell Midcap ETF 1.4 19 42 4.4 -2.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 1.4 75 -14 7.3 +0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 57 4.6 -1.8
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 57 4.6 -1.9
DOO WisdomTree International Dividend ex-Financials Fund 1.3 58 3 7.2 +0.8
WWJD Inspire International ESG ETF 1.3 80 -19 5.1 -1.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.3 30 31 7.7 +1.3
TTAC TrimTabs US Free Cash Flow Quality ETF 1.3 59 2 4.5 -1.9
VUSE Vident Core US Equity Fund 1.3 48 13 6.3 -0.1
FUNL CornerCap Fundametrics Large-Cap ETF 1.3 50 11 6.8 +0.3
TPIF Timothy Plan International ETF 1.3 62 -1 5.6 -0.8
KLDW Gavekal Knowledge Leaders Developed World ETF 1.3 75 -14 4.0 -2.4
ACWF iShares MSCI Global Multifactor ETF 1.3 35 26 6.6 +0.2
VBR Vanguard Small Cap Value Index Fund 1.3 7 54 5.7 -0.7
SQLV Legg Mason Small-Cap Quality Value 1.3 62 -1 4.3 -2.2
SCZ iShares MSCI Eafe Small-Cap ETF 1.3 40 21 5.1 -1.3
SMEZ SPDR EURO STOXX Small Cap ETF 1.3 45 16 0.0 -6.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.3 60 1 6.1 -0.3
AIEQ AI Powered Equity ETF 1.3 80 -19 2.1 -4.3
EUSA iShares MSCI USA Equal Weighted ETF 1.3 15 46 4.9 -1.5
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 49 6.5 +0.1
EWD iShares MSCI Sweden ETF 1.3 51 10 7.6 +1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 1.3 15 46 6.2 -0.2
IJJ iShares S&P Mid-Cap 400 Value ETF 1.2 18 43 6.2 -0.2
SIZE iShares MSCI USA Size Factor ETF 1.2 15 46 4.9 -1.6
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.2 61 0 4.4 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 1 8.2 +1.8
XMLV Invesco S&P MidCap Low Volatility ETF 1.2 25 36 4.9 -1.5
IJS iShares S&P Small-cap 600 Value ETF 1.2 18 43 5.9 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -22 5.0 -1.4
SLYV SPDR S&P 600 Small Cap Value ETF 1.2 15 46 6.0 -0.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.2 58 3 7.8 +1.4
FDT First Trust Developed Markets ex-US Alphadex Fund 1.2 80 -19 7.5 +1.1
PDEV Principal International Multi-Factor Core Index ETF 1.2 25 36 6.5 +0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 57 4.6 -1.8
SFYX Sofi Next 500 ETF 1.2 0 61 4.9 -1.5
FEX First Trust Large Cap Core AlphaDEX Fund 1.2 59 2 5.2 -1.2
DFJ WisdomTree Japan SmallCap Dividend Fund 1.2 58 3 7.7 +1.3
FSMD Fidelity Small-Mid Factor ETF 1.2 29 32 5.7 -0.8
FVL First Trust Value Line 100 ETF 1.2 70 -9 0.0 -6.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.2 40 21 5.2 -1.2
FEUZ First Trust Eurozone AlphaDEX ETF 1.2 80 -19 7.4 +1.0
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 41 4.8 -1.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 1.1 49 12 4.2 -2.2
ECH iShares MSCI Chile ETF 1.1 59 2 6.0 -0.4
JPIN JPMorgan Diversified Return International Equity ETF 1.1 37 24 6.8 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 1.1 28 33 5.8 -0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 1.1 20 41 0.0 -6.4
IVOO Vanguard S&P Mid-Cap 400 ETF 1.1 10 51 5.2 -1.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 1.1 20 41 6.6 +0.2
YLDE ClearBridge Dividend Strategy ESG ETF 1.1 60 1 4.4 -2.1
RECS Columbia Research Enhanced Core ETF 1.1 15 46 5.2 -1.3
XJH iShares ESG Screened S&P Mid-Cap ETF 1.1 12 49 5.2 -1.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.1 30 31 5.1 -1.4
FFTY Innovator IBD 50 ETF 1.1 80 -19 9.1 +2.7
DES WisdomTree U.S. SmallCap Dividend Fund 1.1 38 23 6.0 -0.5
ISCB iShares Morningstar Small-Cap ETF 1.1 4 57 4.0 -2.4
CIL VictoryShares International Volatility Weighted Index ETF 1.1 45 16 5.9 -0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 1.1 45 16 5.9 -0.5
RNDV US Equity Dividend Select ETF 1.0 50 11 6.3 -0.1
VAMO Cambria Value & Momentum ETF 1.0 63 -2 4.6 -1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.0 63 -2 10.3 +3.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.0 12 49 5.3 -1.1
RESE WisdomTree Emerging Markets ESG Fund 1.0 32 29 6.6 +0.2
RFFC RiverFront Dynamic US Flex-Cap ETF 1.0 52 9 4.4 -2.0
TPLC Timothy Plan US Large Cap Core ETF 1.0 52 9 4.3 -2.1
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 -4 6.4 +0.0
IDV iShares International Select Dividend ETF 1.0 49 12 9.0 +2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 52 4.8 -1.6
KLCD KFA Large Cap Quality Dividend Index ETF 1.0 42 19 5.2 -1.3
SPVU Invesco S&P 500 Enhanced Value ETF 1.0 13 48 8.2 +1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 1.0 34 27 6.9 +0.5
SPMD SPDR Portfolio Mid Cap ETF 1.0 5 56 5.3 -1.1
IJH iShares Core S&P Mid-Cap ETF 1.0 5 56 5.3 -1.1
BICK First Trust BICK Index Fund 1.0 64 -3 3.7 -2.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 1.0 40 21 5.0 -1.4
ITB iShares U.S. Home Construction ETF 1.0 42 19 7.6 +1.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 1.0 30 31 7.4 +1.0
SSLY Syntax Stratified SmallCap ETF 1.0 30 31 4.6 -1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 12 4.3 -2.1
SCHC Schwab International Small-Cap Equity ETF 1.0 11 50 4.9 -1.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.0 72 -11 7.4 +1.0
IDLV Invesco S&P International Developed Low Volatility ETF 1.0 25 36 5.7 -0.7
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.0 15 46 5.3 -1.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 1.0 45 16 8.0 +1.6
PIE Invesco DWA Emerging Markets Momentum ETF 1.0 90 -29 4.3 -2.1
GDVD Principal Active Global Dividend Income ETF 1.0 58 3 0.0 -6.4
AVDE Avantis International Equity ETF 0.9 23 38 6.5 +0.0
STLC iShares Factors US Blend Style ETF 0.9 25 36 5.3 -1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 11 50 5.3 -1.1
RODE Hartford Multifactor Diversified International ETF 0.9 29 32 9.4 +3.0
BFOR Barron's 400 ETF 0.9 65 -4 5.5 -0.9
JHMD John Hancock Multifactor Developed International ETF 0.9 39 22 6.1 -0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -19 7.5 +1.0
TUSA First Trust Total US Market AlphaDEX ETF 0.9 70 -9 5.5 -0.9
PAVE Global X U.S. Infrastructure Development ETF 0.9 47 14 3.9 -2.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.9 25 36 4.6 -1.8
LVHD Legg Mason Low Volatility High Dividend ETF 0.9 27 34 6.7 +0.3
SMMD iShares Russell 2500 ETF 0.9 15 46 4.6 -1.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -18 7.3 +0.8
EIDO iShares MSCI Indonesia ETF 0.9 59 2 6.8 +0.4
IDX VanEck Vectors Indonesia Index ETF 0.9 57 4 6.7 +0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 22 6.2 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.9 39 22 5.6 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.9 47 14 5.5 -0.9
EURZ Xtrackers Eurozone Equity ETF 0.9 9 52 5.8 -0.6
DSTL Distillate US Fundamental Stability & Value ETF 0.9 39 22 6.0 -0.5
WDIV SPDR Global Dividend ETF 0.9 40 21 8.4 +2.0
USMF WisdomTree U.S. Multifactor Fund 0.9 28 33 5.3 -1.1
FVAL Fidelity Value Factor ETF 0.9 29 32 6.3 -0.1
IUS Invesco Strategic US ETF 0.9 19 42 5.0 -1.4
BIBL Inspire ETF 0.9 35 26 4.1 -2.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 0.9 38 23 6.4 -0.0
SVAL iShares US Small Cap Value Factor ETF 0.9 20 41 7.1 +0.7
ETHO Etho Climate Leadership U.S. ETF 0.9 48 13 3.7 -2.8
FLRG Fidelity U.S. Multifactor ETF 0.9 29 32 5.5 -0.9
RWK Invesco S&P MidCap 400 Revenue ETF 0.8 39 22 5.9 -0.5
AFLG First Trust Active Factor Large Cap ETF 0.8 55 6 4.5 -1.9
IEUR iShares Core MSCI Europe ETF 0.8 9 52 6.0 -0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 0.8 30 31 5.8 -0.6
STSB iShares Factors US Small Blend Style ETF 0.8 35 26 3.5 -2.9
DLS WisdomTree International SmallCap Dividend Fund 0.8 58 3 7.7 +1.2
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 14 7.8 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 52 6.2 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.8 29 32 7.0 +0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 71 -10 7.4 +0.9
IDHQ Invesco S&P International Developed Quality ETF 0.8 29 32 5.0 -1.5
ZGBR SPDR Solactive United Kingdom ETF 0.8 14 47 0.0 -6.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.8 7 54 3.9 -2.5
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.8 23 38 6.0 -0.4
EZU iShares MSCI Eurozone ETF 0.8 51 10 5.5 -0.9
QDF FlexShares Quality Dividend Index Fund 0.8 37 24 5.5 -0.9
FLGB Franklin FTSE United Kingdom ETF 0.8 9 52 6.7 +0.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 63 -2 5.3 -1.1
FJP First Trust Japan AlphaDEX Fund 0.8 80 -19 7.8 +1.4
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 17 10.0 +3.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.8 6 55 4.0 -2.4
VB Vanguard Small-Cap ETF 0.8 5 56 4.2 -2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.8 40 21 5.6 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 0.8 20 41 8.0 +1.6
GSPY Gotham Enhanced 500 ETF 0.8 50 11 4.6 -1.8
SPEU SPDR Portfolio Europe ETF 0.8 9 52 6.0 -0.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 0.8 35 26 6.4 -0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 0.8 30 31 5.1 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.8 25 36 4.7 -1.7
IWN iShares Russell 2000 Value ETF 0.8 24 37 4.6 -1.9
VTWV Vanguard Russell 2000 Value Index Fund 0.8 15 46 4.6 -1.8
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.8 48 13 7.8 +1.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 15 46 6.1 -0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 24 5.4 -1.0
FLEH Franklin FTSE Europe Hedged ETF 0.7 9 52 6.1 -0.3
EES WisdomTree SmallCap Earnings Fund 0.7 38 23 7.1 +0.7
ROSC Hartford Multifactor Small Cap ETF 0.7 34 27 6.6 +0.1
FLEE Franklin FTSE Europe ETF 0.7 9 52 6.0 -0.5
IEV iShares Europe ETF 0.7 59 2 5.7 -0.7
SCHA Schwab U.S. Small-Cap ETF 0.7 4 57 3.5 -2.9
RNSC Small Cap US Equity Select ETF 0.7 60 1 5.4 -1.0
VFLQ Vanguard U.S. Liquidity Factor ETF 0.7 14 47 3.3 -3.2
SYE SPDR MFS Systematic Core Equity ETF 0.7 60 1 0.0 -6.4
VGK Vanguard FTSE Europe ETF 0.7 8 53 6.1 -0.3
EFV iShares MSCI EAFE Value ETF 0.7 39 22 7.8 +1.4
VLUE iShares MSCI USA Value Factor ETF 0.7 15 46 8.8 +2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.7 39 22 6.5 +0.1
DHS WisdomTree U.S. High Dividend Fund 0.7 38 23 7.4 +1.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.7 15 46 4.1 -2.3
RESP WisdomTree US ESG Fund of Benef Interest 0.7 28 33 5.1 -1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 15 46 4.1 -2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.7 25 36 5.3 -1.1
ILF iShares Latin America 40 ETF 0.7 48 13 4.6 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.7 29 32 5.9 -0.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 44 4.1 -2.3
DEEP Roundhill Acquirers Deep Value ETF 0.7 80 -19 7.6 +1.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 39 22 6.0 -0.4
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 49 6.0 -0.4
WLDR Affinity World Leaders Equity ETF 0.7 47 14 7.7 +1.3
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 26 7.0 +0.5
IUSV iShares Core S&P U.S. Value ETF 0.7 4 57 5.9 -0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 30 31 4.9 -1.5
IECS iShares Evolved U.S. Consumer Staples ETF 0.7 18 43 5.0 -1.4
IQIN IQ 500 International ETF 0.7 25 36 7.0 +0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 0.7 29 32 6.7 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.7 25 36 5.4 -1.0
AVUS Avantis U.S. Equity ETF 0.7 15 46 4.8 -1.6
DTD WisdomTree U.S.Total Dividend Fund 0.7 28 33 6.0 -0.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.7 60 1 4.8 -1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 22 5.1 -1.3
IWM iShares Russell 2000 ETF 0.7 19 42 2.6 -3.9
RWL Invesco S&P 500 Revenue ETF 0.7 39 22 5.6 -0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.7 17 44 3.9 -2.5
CSML IQ Chaikin U.S. Small Cap ETF 0.7 35 26 2.3 -4.2
FDEV Fidelity Targeted International Factor ETF 0.7 39 22 5.6 -0.8
VFMF Vanguard U.S. Multifactor ETF 0.7 19 42 6.1 -0.3
VTWO Vanguard Russell 2000 Index Fund 0.7 10 51 2.7 -3.8
VOOV Vanguard S&P 500 Value ETF 0.7 10 51 5.8 -0.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 70 -9 1.8 -4.6
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 22 5.6 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 57 5.9 -0.5
IVE iShares S&P 500 Value ETF 0.7 18 43 5.8 -0.7
VONV Vanguard Russell 1000 Value Index Fund 0.7 8 53 5.7 -0.7
IWD iShares Russell 1000 Value ETF 0.7 19 42 5.6 -0.8
JHML John Hancock Multifactor Large Cap ETF 0.7 29 32 4.7 -1.7
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 -19 13.9 +7.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.7 14 47 5.7 -0.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.7 35 26 5.0 -1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 22 3.5 -2.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.7 35 26 5.0 -1.4
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 0.7 43 18 5.3 -1.2
SCHV Schwab U.S. Large-Cap Value ETF 0.7 4 57 5.8 -0.6
SCJ iShares MSCI Japan Small-Cap ETF 0.7 51 10 5.5 -0.9
SLY SPDR S&P 600 Small Cap ETF 0.7 15 46 5.3 -1.1
STLG iShares Factors US Growth Style ETF 0.7 25 36 4.7 -1.7
SPSM SPDR Portfolio Small Cap ETF 0.7 5 56 5.4 -1.0
IJR iShares Core S&P Small Cap ETF 0.7 6 55 5.4 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 2 9.9 +3.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.6 30 31 5.4 -1.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.6 45 16 12.1 +5.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.6 39 22 3.7 -2.7
DWM WisdomTree International Equity Fund 0.6 48 13 6.7 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 15 5.7 -0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 41 4.0 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 16 6.9 +0.4
VWID Virtus WMC International Dividend ETF 0.6 49 12 7.1 +0.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.6 35 26 6.4 -0.0
PY Principal Shareholder Yield Index ETF 0.6 15 46 7.6 +1.2
RYJ Invesco Raymond James SB-1 Equity ETF 0.6 76 -15 2.9 -3.5
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 34 7.1 +0.7
GVAL Cambria Global Value ETF 0.6 65 -4 7.9 +1.5
PGAL Global X FTSE Portugal 20 ETF 0.6 58 3 6.2 -0.2
VTV Vanguard Value Index Fund 0.6 4 57 6.1 -0.3
QLC FlexShares US Quality Large Cap Index Fund 0.6 32 29 4.5 -1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.6 40 21 6.8 +0.4
IUSS Invesco Strategic US Small Company ETF 0.6 23 38 3.3 -3.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.6 74 -13 10.0 +3.6
FLZA Franklin FTSE South Africa ETF 0.6 19 42 8.8 +2.3
RAFE PIMCO RAFI ESG U.S. ETF 0.6 30 31 6.3 -0.1
VFQY Vanguard U.S. Quality Factor ETF 0.6 13 48 4.9 -1.5
RNDM First Trust Developed International Equity Select ETF 0.6 65 -4 5.3 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 0.6 5 56 6.0 -0.4
IWO iShares Russell 2000 Growth ETF 0.6 24 37 0.1 -6.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.6 9 52 4.8 -1.6
VTWG Vanguard Russell 2000 Growth Index Fund 0.6 15 46 0.2 -6.2
AVEM Avantis Emerging Markets Equity ETF 0.6 33 28 7.8 +1.4
FDRR Fidelity Dividend ETF for Rising Rates 0.6 29 32 6.1 -0.3
IYF iShares U.S. Financials ETF 0.6 42 19 5.7 -0.7
RNLC Large Cap US Equity Select ETF 0.6 60 1 4.9 -1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 49 5.7 -0.7
IEFA iShares Core MSCI EAFE ETF 0.6 7 54 6.1 -0.3
JMIN JPMorgan U.S. Minimum Volatility ETF 0.6 12 49 5.2 -1.2
QINT American Century Quality Diversified International ETF 0.6 39 22 6.2 -0.3
ILCV iShares Morningstar Value ETF 0.6 4 57 5.8 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.6 7 54 6.2 -0.2
INTF iShares Edge MSCI Multifactor Intl ETF 0.6 30 31 7.1 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 36 7.3 +0.9
HLAL Wahed FTSE USA Shariah ETF 0.6 50 11 4.0 -2.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.5 35 26 5.9 -0.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.5 35 26 5.9 -0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 13 9.6 +3.1
ESGD iShares MSCI EAFE ESG Optimized ETF 0.5 20 41 6.0 -0.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -9 1.1 -5.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 41 6.0 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 49 4.4 -2.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 55 1.8 -4.6
EWU iShares MSCI United Kingdom ETF 0.5 51 10 6.5 +0.1
VRAI Virtus Real Asset Income ETF 0.5 55 6 6.4 -0.0
MJ ETFMG Alternative Harvest ETF 0.5 75 -14 -3.0 -9.4
IQSI IQ Candriam ESG International Equity ETF 0.5 15 46 6.0 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 36 5.7 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 0.5 15 46 5.7 -0.7
FLSW Franklin FTSE Switzerland ETF 0.5 9 52 5.0 -1.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.5 52 9 4.8 -1.7
IEFN iShares Evolved U.S. Financials ETF 0.5 18 43 7.1 +0.7
IXUS ishares Core MSCI Total International Stock ETF 0.5 9 52 6.2 -0.2
FEP First Trust Europe AlphaDEX Fund 0.5 80 -19 7.0 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 27 34 4.7 -1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.5 20 41 8.9 +2.5
VSGX Vanguard ESG International Stock ETF 0.5 17 44 6.1 -0.3
ISMD Inspire Small/Mid Cap Impact ETF 0.5 60 1 4.5 -1.9
VEA Vanguard FTSE Developed Markets ETF 0.5 5 56 6.2 -0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 22 11.3 +4.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.5 16 45 5.8 -0.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -28 5.0 -1.4
VXF Vanguard Extended Market Index Fund 0.5 6 55 2.6 -3.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.5 20 41 3.6 -2.8
VYMI Vanguard International High Dividend Yield ETF 0.5 27 34 8.6 +2.1
HFXI IQ 50 Percent Hedged FTSE International ETF 0.5 20 41 6.2 -0.3
GWX SPDR S&P International Small Cap ETF 0.5 40 21 4.8 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 49 12 7.1 +0.6
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.5 45 16 8.6 +2.2
DEW WisdomTree Global High Dividend Fund 0.5 58 3 8.0 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.5 20 41 5.9 -0.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.5 40 21 7.0 +0.6
SMDY Syntax Stratified MidCap ETF 0.5 30 31 4.8 -1.6
VYM Vanguard High Dividend Yield Index ETF 0.5 6 55 6.4 +0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 36 5.8 -0.6
DSI iShares MSCI KLD 400 Social ETF 0.5 25 36 4.4 -2.0
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 2 5.9 -0.5
BRF VanEck Vectors Brazil Small-Cap ETF 0.5 63 -2 4.4 -2.1
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 0.5 44 17 10.4 +4.0
VXUS Vanguard Total International Stock ETF 0.5 8 53 6.3 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 0.5 28 33 5.9 -0.5
VIDI Vident International Equity Fund 0.5 59 2 8.7 +2.3
SCHF Schwab International Equity ETF 0.5 6 55 6.2 -0.2
HDV iShares Core High Dividend ETF 0.5 8 53 6.0 -0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 29 7.9 +1.5
DTH WisdomTree International High Dividend Fund 0.4 58 3 8.0 +1.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 3 7.5 +1.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 4 57 5.9 -0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 0.4 30 31 4.9 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 25 5.9 -0.5
EFA iShares MSCI EAFE ETF 0.4 32 29 5.9 -0.5
PFM Invesco Dividend Achievers ETF 0.4 53 8 4.9 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 14 8.4 +2.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.4 16 45 7.1 +0.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 52 3.4 -3.1
IGRO iShares International Dividend Growth ETF 0.4 15 46 6.6 +0.2
EWJE iShares MSCI Japan Equal Weighted ETF 0.4 15 46 6.1 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 27 34 4.2 -2.2
FDMO Fidelity Momentum Factor ETF 0.4 29 32 2.8 -3.6
QSY WisdomTree U.S. LargeCap Value Fund 0.4 38 23 6.3 -0.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.4 59 2 8.1 +1.7
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 58 4.8 -1.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.4 60 1 5.9 -0.6
XVV iShares ESG Screened S&P 500 ETF 0.4 8 53 4.7 -1.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.4 29 32 0.8 -5.6
HEDJ WisdomTree Europe Hedged Equity Fund 0.4 58 3 5.4 -1.1
DGRO iShares Core Dividend Growth ETF 0.4 8 53 5.9 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 53 6.4 0.0
RESD WisdomTree International ESG Fund 0.4 30 31 5.9 -0.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 0.4 29 32 6.9 +0.5
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.4 54 7 5.4 -1.0
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 10 51 5.4 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 52 4.9 -1.5
KBA KraneShares Bosera MSCI China A Share ETF 0.4 60 1 6.2 -0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 0.4 60 1 4.3 -2.2
ESG FlexShares STOXX US ESG Impact Index Fund 0.4 32 29 4.6 -1.9
IYY iShares Dow Jones U.S. ETF 0.4 20 41 4.4 -2.0
VTHR Vanguard Russell 3000 Index Fund 0.4 10 51 4.4 -2.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -14 4.3 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 29 6.1 -0.3
SCHB Schwab U.S. Broad Market ETF 0.4 3 58 4.4 -2.0
IWV iShares Russell 3000 ETF 0.4 20 41 4.3 -2.1
RBIN Nationwide Risk-Based International Equity ETF 0.4 42 19 5.7 -0.7
TOK iShares MSCI Kokusai ETF 0.4 25 36 4.8 -1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 58 4.4 -2.0
DFAU Dimensional US Core Equity Market ETF 0.4 12 49 4.7 -1.8
VT Vanguard Total World Stock ETF 0.4 8 53 5.2 -1.2
BKF iShares MSCI BRIC ETF 0.4 70 -9 6.4 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 20 6.0 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 0.4 15 46 4.5 -1.9
SPXE ProShares S&P 500 Ex-Energy ETF 0.4 27 34 4.6 -1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 41 4.6 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 32 4.3 -2.1
ASHX Xtrackers MSCI China A Inclusion Equity ETF 0.4 60 1 6.3 -0.1
SPLG SPDR Portfolio Large Cap ETF 0.4 3 58 4.7 -1.7
PBP Invesco S&P 500 BuyWrite ETF 0.4 49 12 4.2 -2.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 -2 2.0 -4.4
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 0.4 65 -4 3.2 -3.2
BATT Amplify Advanced Battery Metals & Materials ETF 0.4 59 2 2.7 -3.8
LIT Global X Lithium & Battery Tech ETF 0.4 75 -14 2.4 -4.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.4 20 41 4.6 -1.8
VONE Vanguard Russell 1000 ETF 0.4 8 53 4.5 -1.9
IWB iShares Russell 1000 ETF 0.4 15 46 4.5 -1.9
SPHQ Invesco S&P 500 Quality ETF 0.4 15 46 4.4 -2.0
VOO VANGUARD S&P 500 ETF 0.4 3 58 4.7 -1.7
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 9 5.6 -0.8
SPY SPDR S&P 500 ETF Trust 0.4 9 52 4.6 -1.8
IVV iShares Core S&P 500 ETF 0.4 3 58 4.7 -1.7
EPS WisdomTree U.S. Earnings 500 Fund 0.4 8 53 5.8 -0.6
ACVF American Conservative Values ETF 0.4 75 -14 4.0 -2.4
SCHX Schwab U.S. Large-Cap ETF 0.4 3 58 4.6 -1.9
SCHK Schwab 1000 Index ETF 0.4 5 56 4.5 -1.9
IDMO Invesco S&P International Developed Momentum ETF 0.4 25 36 3.6 -2.8
VWO Vanguard FTSE Emerging Markets ETF 0.4 10 51 7.0 +0.6
IWC iShares Micro-Cap ETF 0.4 60 1 -2.5 -8.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 59 4.6 -1.8
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.4 35 26 8.8 +2.3
URTH iShares MSCI World ETF 0.3 24 37 4.9 -1.6
PSET Principal Price Setters Index ETF 0.3 15 46 4.7 -1.7
PBUS Invesco PureBeta MSCI USA ETF 0.3 4 57 4.6 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 0.3 11 50 6.7 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 16 6.6 +0.2
VTI Vanguard Total Stock Market Index Fund 0.3 3 58 4.4 -2.1
BKIE BNY Mellon International Equity ETF 0.3 4 57 6.3 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 49 12 3.7 -2.7
ACWI iShares MSCI ACWI ETF 0.3 32 29 5.0 -1.4
IWP iShares Russell Mid-Cap Growth ETF 0.3 24 37 2.8 -3.6
VIG Vanguard Dividend Appreciation Index Fund 0.3 6 55 5.1 -1.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 0.3 15 46 5.7 -0.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.3 24 37 5.6 -0.8
XSLV Invesco S&P SmallCap Low Volatility ETF 0.3 25 36 4.9 -1.5
IQSU IQ Candriam ESG US Equity ETF 0.3 9 52 4.6 -1.9
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 27 34 4.3 -2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 50 6.8 +0.3
ESGV Vanguard ESG U.S. Stock ETF 0.3 12 49 4.5 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 25 36 6.4 -0.0
SCHE Schwab Emerging Markets Equity ETF 0.3 11 50 7.1 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.3 25 36 6.2 -0.2
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 58 4.5 -1.9
PWC Invesco Dynamic Market ETF 0.3 58 3 4.2 -2.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.3 42 19 4.7 -1.7
LGLV SPDR Russell 1000 Low Volatility ETF 0.3 12 49 4.4 -2.0
QUAL iShares MSCI Usa Quality Factor ETF 0.3 15 46 4.9 -1.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 12 6.9 +0.5
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 31 6.0 -0.4
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 51 4.4 -2.0
JEMA JPMorgan Emerging Markets Equity Core ETF 0.3 39 22 8.5 +2.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.3 65 -4 6.7 +0.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 49 3.4 -3.0
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 46 5.1 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 0.3 16 45 6.5 +0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 31 6.5 +0.1
EEM iShares MSCI Emerging Markets ETF 0.3 70 -9 6.1 -0.4
EWJV iShares MSCI Japan Value ETF 0.3 15 46 8.3 +1.9
CNYA iShares MSCI China A ETF 0.3 60 1 6.3 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 54 4.6 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 -5 6.1 -0.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 49 5.2 -1.2
VV Vanguard Large-Cap Index Fund 0.3 4 57 4.6 -1.9
KALL KraneShares MSCI All China Index ETF 0.3 49 12 7.4 +1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.3 30 31 3.9 -2.5
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 51 4.7 -1.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 51 4.7 -1.7
HEWU iShares Currency Hedged MSCI United Kingdom ETF 0.3 51 10 6.3 -0.1
FQAL Fidelity Quality Factor ETF 0.3 29 32 4.8 -1.6
EFIV SPDR S&P 500 ESG ETF 0.3 10 51 4.7 -1.7
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 51 4.7 -1.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.3 35 26 7.5 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 0.3 30 31 5.8 -0.7
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 41 3.9 -2.5
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 13 6.7 +0.3
DXJ WisdomTree Japan Hedged Equity Fund 0.3 48 13 7.3 +0.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 25 6.7 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 31 5.2 -1.2
CEZ VictoryShares Emerging Market Volatility Wtd ETF 0.2 50 11 0.0 -6.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 50 11 11.4 +5.0
SFY SoFi Select 500 ETF 0.2 0 61 4.6 -1.8
FLJP Franklin FTSE Japan ETF 0.2 9 52 6.5 +0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 29 5.5 -0.9
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 48 2.6 -3.8
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 52 6.6 +0.2
DWAS Invesco DWA SmallCap Momentum ETF 0.2 60 1 -0.6 -7.0
SPAK Defiance Next Gen SPAC Derived ETF 0.2 45 16 -1.8 -8.2
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 0.2 132 -71 -2.3 -8.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.2 20 41 5.3 -1.1
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 0.2 35 26 5.9 -0.5
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 26 5.9 -0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 3 5.9 -0.5
FLHK Franklin FTSE Hong Kong ETF 0.2 9 52 6.3 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.2 20 41 5.9 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 42 5.0 -1.4
KBWY Invesco KBW Premium Yield Equity REIT ETF 0.2 35 26 9.0 +2.6
ROOF IQ US Real Estate Small Cap ETF 0.2 70 -9 8.4 +2.0
USMV iShares Edge MSCI Min Vol USA ETF 0.2 15 46 5.1 -1.3
GXC SPDR S&P China ETF 0.2 59 2 7.1 +0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.2 35 26 4.7 -1.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 55 3.2 -3.2
GBLO Global Beta Low Beta ETF 0.2 29 32 6.5 +0.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.2 30 31 6.1 -0.3
FDLO Fidelity Low Volatility Factor ETF 0.2 29 32 4.3 -2.1
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.2 35 26 6.2 -0.3
IPAC iShares Core MSCI Pacific ETF 0.2 9 52 6.1 -0.3
HLGE Hartford Longevity Economy ETF 0.2 44 17 5.9 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 41 5.2 -1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.2 34 27 4.2 -2.2
NULV Nuveen ESG Large-Cap Value ETF 0.2 35 26 5.8 -0.6
SIXS 6 Meridian Small Cap Equity ETF 0.2 97 -36 5.8 -0.6
MCHI iShares MSCI China ETF 0.2 59 2 6.9 +0.5
SUSA iShares MSCI USA ESG Select ETF 0.2 25 36 4.3 -2.2
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 45 6.8 +0.4
KESG KraneShares MSCI China ESG Leaders Index ETF 0.2 59 2 8.7 +2.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 29 5.8 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 0.2 25 36 5.6 -0.8
SDGA Impact Shares Sustainable Development Goals Global ETF 0.2 75 -14 5.3 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 18 43 6.8 +0.4
VPL Vanguard FTSE Pacific ETF 0.2 8 53 6.3 -0.1
ZJPN SPDR Solactive Japan ETF 0.2 14 47 0.0 -6.4
JPXN iShares JPX-Nikkei 400 ETF 0.2 48 13 6.1 -0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.2 35 26 5.8 -0.6
BBJP JPMorgan BetaBuilders Japan ETF 0.2 19 42 6.4 -0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 0.1 9 52 6.5 +0.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 12 6.3 -0.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 70 -9 6.2 -0.3
EWC iShares MSCI Canada ETF 0.1 51 10 5.9 -0.6
EWJ iShares MSCI Japan ETF 0.1 51 10 6.1 -0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.1 46 15 6.2 -0.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.1 65 -4 5.0 -1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 45 16 5.8 -0.6
ECNS iShares MSCI China Small-Cap ETF 0.1 59 2 12.4 +6.0
EYLD Cambria Emerging Shareholder Yield ETF 0.1 69 -8 11.0 +4.6
IVLU iShares Edge MSCI Intl Value Factor ETF 0.1 30 31 9.3 +2.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 50 11 6.5 +0.1
EFG iShares MSCI EAFE Growth ETF 0.1 40 21 3.9 -2.6
FLCH Franklin FTSE China ETF 0.1 19 42 7.7 +1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 52 5.0 -1.4
SPMO Invesco S&P 500 Momentum ETF 0.1 13 48 3.5 -3.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 -2 12.0 +5.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 49 4.9 -1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 31 8.1 +1.7
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 36 6.8 +0.4
IUSG iShares Core S&P US Growth ETF 0.1 4 57 3.9 -2.5
NULC Nuveen ESG Large-Cap ETF 0.1 20 41 4.5 -2.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.1 25 36 6.4 -0.0
IPKW Invesco International BuyBack Achievers ETF 0.1 55 6 6.3 -0.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 46 4.7 -1.8
THD iShares MSCI Thailand ETF 0.1 59 2 6.4 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -9 5.8 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 42 6.5 +0.1
CN Xtrackers MSCI All China Equity ETF 0.1 50 11 7.1 +0.7
HJPX iShares Currency Hedged JPX-Nikkei 400 ETF 0.1 48 13 6.1 -0.3
EDEN iShares MSCI Denmark Capped ETF 0.1 53 8 5.0 -1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 57 3.9 -2.5
VEGN US Vegan Climate ETF 0.1 60 1 3.9 -2.5
IVW iShares S&P 500 Growth ETF 0.1 18 43 3.8 -2.6
VOOG Vanguard S&P 500 Growth ETF 0.1 10 51 3.9 -2.6
HEWC iShares Currency Hedged MSCI Canada ETF 0.1 54 7 5.8 -0.6
HEWJ iShares Currency Hedged MSCI Japan ETF 0.1 51 10 6.0 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 31 30 3.7 -2.7
MDY SPDR S&P Midcap 400 ETF Trust 0.1 23 38 5.1 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 0.1 8 53 3.8 -2.6
IWF iShares Russell 1000 Growth ETF 0.1 19 42 3.7 -2.7
VIGI Vanguard International Dividend Appreciation ETF 0.1 20 41 4.8 -1.6
ILCG iShares Morningstar Growth ETF 0.0 4 57 3.2 -3.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -14 2.3 -4.1
PAK Global X MSCI Pakistan ETF 0.0 90 -29 15.4 +9.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.0 70 -9 3.4 -3.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 40 3.1 -3.3

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

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RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Invesco MSCI Global Timber 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 11.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.47
 
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.