VanEck Office and Commercial REIT ETF
ALTAR
Score™		 10.0% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 11.3x P/Sales
ratio		 4.2x
P/BV
ratio		 1.0x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DESK tracks a tiered modified market-cap weighted index composed of US-listed Office and Commercial REITs. The fund targets the top 25 highest ranked Office and Commerical REITs based on market cap and liquidity.

FUND BASICS
Category US Equities
Fund Sponsor VanEck
Website www.vaneck.com/us/en/investments/office-and-commercial-reit-desk/overview/
Inception date Sep 19, 2023
Assets (mns) $1
Currency USD
Expense ratio 50 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $11,431
Large cap (>$10bn) 28.4%
Mid cap ($2-10bn) 58.3%
Small cap (<$2bn) 13.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VORNADO REALTY TRUST 11.7 %
BOSTON PROPERTIES INC 10.8 %
SL GREEN REALTY CORP 7.9 %
KILROY REALTY CORP 7.7 %
COUSINS PROPERTIES INC 6.5 %
CORPORATE OFFICE PROPERTIES 6.3 %
HIGHWOODS PROPERTIES INC 4.7 %
DOUGLAS EMMETT INC 4.4 %
REALTY INCOME CORP 3.8 %
EQUITY COMMONWEALTH 3.8 %
Total 67.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.3% -- -- -- 13.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $43.57
30d moving avg. $41.69
Annualized volatility 0.0%
Short interest (ETF) 6.4%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,320

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 410 potential alternatives to the VanEck Office and Commercial REIT ETF ETF based on the alternatives' overlap in portfolio holdings with DESK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DESK Expense: 50 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DESK
Ticker Fund
Name		 Overlap1
vs DESK
(%)		 Expense
ratio
(bp)		 Savings
vs DESK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DESK
(%)
PPTY US Diversified Real Estate ETF 25.5 53 -3 5.5 -4.5
REAI Intelligent Real Estate ETF 24.0 59 -9 6.8 -3.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 20.0 11 39 6.1 -3.9
RWR SPDR Dow Jones REIT ETF 20.0 25 25 5.9 -4.1
BLDG Cambria Global Real Estate ETF 19.7 60 -10 8.8 -1.2
FRI First Trust S&P REIT Index Fund 19.5 50 0 5.7 -4.3
USRT iShares Core U.S. REIT ETF 19.1 8 42 6.2 -3.8
SCHH Schwab U.S. REIT ETF 18.2 7 43 6.2 -3.8
DFAR Dimensional US Real Estate ETF 18.1 19 31 6.0 -4.0
FREL Fidelity MSCI Real Estate Index ETF 17.7 8 42 5.9 -4.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 17.4 35 15 15.4 +5.4
PSR Invesco Active U.S. Real Estate Fund 17.4 35 15 5.8 -4.2
VNQ Vanguard Real Estate ETF 17.1 12 38 6.0 -4.0
RWO SPDR Dow Jones Global Real Estate ETF 17.0 50 0 5.7 -4.3
IYR iShares U.S. Real Estate ETF 16.9 40 10 5.8 -4.2
ICF iShares Cohen & Steers REIT ETF 16.4 33 17 5.5 -4.5
REET iShares Global REIT ETF 16.0 14 36 5.9 -4.1
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 16.0 40 10 5.9 -4.1
ERET iShares Environmentally Aware Real Estate ETF 15.0 30 20 6.1 -3.9
DFGR Dimensional Global Real Estate ETF 14.7 22 28 5.8 -4.2
XLRE Real Estate Select Sector SPDR Fund 14.4 9 41 5.7 -4.3
GQRE FlexShares Global Quality Real Estate Index Fund 14.4 45 5 5.8 -4.2
CRED Columbia Research Enhanced Real Estate ETF 13.5 33 17 6.7 -3.3
IRET iREIT - MarketVector Quality REIT Index ETF 13.3 60 -10 5.5 -4.5
JRE Janus Henderson U.S. Real Estate ETF 12.9 65 -15 5.4 -4.6
AVRE Avantis Real Estate ETF 12.7 17 33 5.5 -4.5
RIET Hoya Capital High Dividend Yield ETF 11.5 50 0 11.4 +1.5
JPRE JPMorgan Realty Income ETF 11.3 50 0 5.2 -4.8
ICAP InfraCap Equity Income Fund ETF 10.9 171 -121 6.3 -3.7
IVRA Invesco Real Assets ESG ETF 9.3 59 -9 5.5 -4.5
INDS Pacer Industrial Real Estate ETF 8.4 55 -5 5.0 -5.0
RDOG ALPS REIT Dividend Dogs ETF 8.3 35 15 15.2 +5.3
NETL NETLease Corporate Real Estate ETF 7.5 60 -10 7.8 -2.2
IQRA IQ CBRE Real Assets ETF 7.3 65 -15 5.1 -4.9
FPRO Fidelity Real Estate Investment ETF 6.8 59 -9 4.4 -5.6
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.6 7 43 8.8 -1.2
RITA ETFB Green SRI REITs ETF 6.1 50 0 4.6 -5.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.6 30 20 10.7 +0.7
BIBL Inspire 100 ETF 5.1 35 15 5.1 -4.9
PSCF Invesco S&P SmallCap Financials ETF 4.8 29 21 9.0 -1.0
ROOF IQ CBRE NextGen Real Estate ETF 4.8 60 -10 7.5 -2.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 4.8 60 -10 3.2 -6.8
SPRE SP Funds S&P Global REIT Sharia ETF 4.8 55 -5 4.3 -5.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.7 30 20 8.2 -1.8
VRAI Virtus Real Asset Income ETF 4.6 55 -5 8.2 -1.8
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 4.5 60 -10 8.9 -1.1
PFI Invesco Dorsey Wright Financial Momentum ETF 4.2 60 -10 7.0 -3.0
SPDV AAM S&P 500 High Dividend Value ETF 4.1 29 21 10.1 +0.1
ERTH Invesco MSCI Sustainable Future ETF 3.8 62 -12 3.2 -6.8
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 3.7 75 -25 4.3 -5.7
WDIV SPDR S&P Global Dividend ETF 3.7 40 10 9.5 -0.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 3.5 60 -10 6.6 -3.4
ABEQ Absolute Select Value ETF 3.5 85 -35 4.4 -5.6
CVAR Cultivar ETF 3.3 87 -37 6.6 -3.4
BGIG Bahl & Gaynor Income Growth ETF 3.2 45 5 4.9 -5.1
SRET Global X SuperDividend REIT ETF 3.1 59 -9 8.9 -1.1
FDVV Fidelity High Dividend ETF 3.1 15 35 8.9 -1.1
FYT First Trust Small Cap Value AlphaDEX Fund 3.1 73 -23 10.4 +0.4
SCAP InfraCap Small Cap Income ETF 3.0 135 -85 9.1 -0.9
SDY SPDR S&P Dividend ETF 2.8 35 15 5.8 -4.2
IJJ iShares S&P Mid-Cap 400 Value ETF 2.8 18 32 7.5 -2.5
AFMC First Trust Active Factor Mid Cap ETF 2.8 65 -15 7.2 -2.8
FOVL iShares Focused Value Factor ETF 2.7 25 25 9.5 -0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.7 15 35 7.6 -2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.7 15 35 7.5 -2.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.7 27 23 7.0 -3.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.6 15 35 6.7 -3.3
DEW WisdomTree Global High Dividend Fund 2.5 58 -8 8.6 -1.4
CVY Invesco Zacks Multi-Asset Income ETF 2.5 106 -56 11.5 +1.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.5 15 35 5.9 -4.1
KRUZ Unusual Whales Subversive Republican Trading ETF 2.4 75 -25 5.8 -4.2
PY Principal Value ETF 2.4 15 35 7.3 -2.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.4 25 25 7.7 -2.3
IMCV iShares Morningstar Mid-Cap Value ETF 2.3 6 44 7.8 -2.2
RFV Invesco S&P Midcap 400 Pure Value ETF 2.3 35 15 8.5 -1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.3 29 21 6.9 -3.1
GDVD R3 Global Dividend Growth ETF 2.3 88 -38 5.4 -4.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.3 35 15 9.9 -0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.3 24 26 7.5 -2.5
VBR Vanguard Small Cap Value ETF 2.3 7 43 7.9 -2.1
ONEY SPDR Russell 1000 Yield Focus ETF 2.3 20 30 9.5 -0.5
NUSC Nuveen ESG Small-Cap ETF 2.2 31 19 5.3 -4.7
DIV Global X SuperDividend US ETF 2.2 45 5 7.7 -2.3
FLOW Global X U.S. Cash Flow Kings 100 ETF 2.1 25 25 10.9 +0.9
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.1 69 -19 8.6 -1.4
EQAL Invesco Russell 1000 Equal Weight ETF 2.1 20 30 6.4 -3.6
FYX First Trust Small Cap Core AlphaDEX Fund 2.1 61 -11 5.8 -4.2
CHGX AXS Change Finance ESG ETF 2.1 49 1 5.3 -4.7
IWS iShares Russell Mid-Cap Value ETF 2.1 23 27 6.5 -3.5
ISMD Inspire Small/Mid Cap ETF 2.1 54 -4 5.5 -4.5
FNDA Schwab Fundamental US Small Co. Index ETF 2.0 25 25 6.4 -3.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 35 7.1 -2.9
MBOX Freedom Day Dividend ETF 2.0 39 11 7.4 -2.6
RSPE Invesco ESG S&P 500 Equal Weight ETF 2.0 20 30 5.8 -4.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 2.0 10 40 4.5 -5.5
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 35 7.2 -2.8
IJS iShares S&P Small-Cap 600 Value ETF 1.9 18 32 8.5 -1.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.9 9 41 3.6 -6.4
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 21 7.0 -3.0
SLYV SPDR S&P 600 Small Cap Value ETF 1.9 15 35 8.5 -1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.9 15 35 8.5 -1.5
AFSM First Trust Active Factor Small Cap ETF 1.9 75 -25 6.7 -3.3
SMLF iShares U.S. SmallCap Equity Factor ETF 1.9 15 35 5.3 -4.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.9 18 32 7.3 -2.7
FCPI Fidelity Stocks for Inflation ETF 1.8 15 35 8.5 -1.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.8 10 40 4.6 -5.4
DON WisdomTree U.S. MidCap Dividend Fund 1.8 38 12 8.2 -1.8
ETHO Etho Climate Leadership U.S. ETF 1.8 47 3 3.5 -6.5
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 46 6.2 -3.8
XJH iShares ESG Screened S&P Mid-Cap ETF 1.8 12 38 6.7 -3.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.7 15 35 7.0 -3.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.7 17 33 5.2 -4.8
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.7 55 -5 4.2 -5.8
RNSC Furst Trust Small Cap US Equity Select ETF 1.7 60 -10 7.3 -2.7
IWR iShares Russell Midcap ETF 1.7 19 31 5.7 -4.3
SFYX SoFi Next 500 ETF 1.7 0 50 5.0 -5.0
ULVM VictoryShares US Value Momentum ETF 1.6 20 30 7.4 -2.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 15 5.7 -4.3
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 44 7.7 -2.3
GURU Global X Guru Index ETF 1.6 75 -25 1.8 -8.2
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.6 60 -10 8.7 -1.3
IJH iShares Core S&P Mid-Cap ETF 1.6 5 45 6.7 -3.3
MDY SPDR S&P Midcap 400 ETF Trust 1.6 23 27 6.5 -3.5
VOT Vanguard Mid-Cap Growth ETF 1.6 7 43 3.9 -6.1
DES WisdomTree U.S. SmallCap Dividend Fund 1.6 38 12 7.3 -2.7
BKSE BNY Mellon US Small Cap Core Equity ETF 1.6 4 46 5.0 -5.0
DEMZ Democratic Large Cap Core ETF 1.5 45 5 4.2 -5.8
FAB First Trust Multi Cap Value AlphaDEX Fund 1.5 67 -17 9.3 -0.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.5 10 40 6.6 -3.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.5 3 47 6.7 -3.3
PTL Inspire 500 ETF 1.5 9 41 5.7 -4.3
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.5 56 -6 6.1 -3.9
IMCB iShares Morningstar Mid-Cap ETF 1.5 4 46 6.0 -4.0
STXK Strive Small-Cap ETF 1.5 18 32 4.9 -5.1
FSST Fidelity Sustainable U.S. Equity ETF 1.5 59 -9 2.6 -7.4
VB Vanguard Small-Cap ETF 1.5 5 45 5.2 -4.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.5 15 35 7.8 -2.2
HAPY Harbor Human Capital Factor Unconstrained ETF 1.5 50 0 4.7 -5.3
JHDV John Hancock U.S. High Dividend ETF 1.5 34 16 6.3 -3.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.5 60 -10 6.8 -3.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 46 5.9 -4.1
ESIX SPDR S&P SmallCap 600 ESG ETF 1.4 12 38 7.7 -2.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.4 14 36 5.1 -4.9
FNK First Trust Mid Cap Value AlphaDEX Fund 1.4 70 -20 10.6 +0.6
BFGFX Baron Focused Growth Retail 1.4 75 -25 3.3 -6.7
SFYF SoFi Social 50 ETF 1.4 29 21 -2.7 -12.7
SIZE iShares MSCI USA Size Factor ETF 1.4 15 35 5.7 -4.3
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.4 49 1 9.6 -0.4
NTZG Nuveen Global Net Zero Transition ETF 1.4 56 -6 4.8 -5.2
RSP Invesco S&P 500 Equal Weight ETF 1.4 20 30 6.0 -4.0
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.4 80 -30 5.8 -4.2
JPEF JPMorgan Equity Focus ETF 1.4 50 0 4.1 -5.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.3 12 38 7.7 -2.3
VTWV Vanguard Russell 2000 Value ETF 1.3 15 35 5.2 -4.8
BLES Inspire Global Hope ETF 1.3 61 -11 6.4 -3.6
WCEO Hypatia Women CEO ETF 1.3 85 -35 4.7 -5.3
IWN iShares Russell 2000 Value ETF 1.3 24 26 5.1 -4.9
BUYZ Franklin Disruptive Commerce ETF 1.3 50 0 2.0 -8.0
JGLO JPMorgan Global Select Equity ETF 1.3 33 17 4.5 -5.5
STXV Strive 1000 Value ETF 1.3 18 32 7.6 -2.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.3 70 -20 4.5 -5.5
IUSV iShares Core S&P US Value ETF 1.3 4 46 6.5 -3.5
NUMV Nuveen ESG Mid-Cap Value ETF 1.3 31 19 6.8 -3.2
FVAL Fidelity Value Factor ETF 1.3 15 35 7.3 -2.7
VALQ American Century U.S. Quality Value ETF 1.3 29 21 7.3 -2.7
FLDZ RiverNorth Patriot ETF 1.3 75 -25 5.6 -4.4
BLLD JPMorgan Sustainable Infrastructure ETF 1.3 49 1 5.3 -4.7
EUSA iShares MSCI USA Equal Weighted ETF 1.2 9 41 5.8 -4.2
SCHV Schwab U.S. Large-Cap Value ETF 1.2 4 46 6.5 -3.5
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 38 8.0 -2.0
VONV Vanguard Russell 1000 Value ETF 1.2 8 42 6.5 -3.5
IWD iShares Russell 1000 Value ETF 1.2 19 31 6.3 -3.7
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 38 6.4 -3.6
VOOV Vanguard S&P 500 Value ETF 1.2 10 40 6.4 -3.6
IVE iShares S&P 500 Value ETF 1.2 18 32 6.3 -3.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 11 6.3 -3.7
VLUE iShares MSCI USA Value Factor ETF 1.2 15 35 10.5 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 1.2 4 46 6.5 -3.5
VO Vanguard Mid-Cap ETF 1.2 4 46 5.7 -4.3
DLN WisdomTree U.S. LargeCap Dividend Fund 1.2 28 22 5.9 -4.1
USXF iShares ESG Advanced MSCI USA ETF 1.2 10 40 5.1 -4.9
DTD WisdomTree U.S. Total Dividend Fund 1.2 28 22 6.2 -3.8
SDIV Global X Superdividend ETF 1.2 58 -8 14.6 +4.7
FESM Fidelity Enhanced Small Cap ETF 1.2 28 22 1.8 -8.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.2 24 26 7.4 -2.6
SMMD iShares Russell 2500 ETF 1.2 15 35 5.9 -4.1
VEGN US Vegan Climate ETF 1.2 60 -10 4.6 -5.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.1 60 -10 4.1 -5.9
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 25 6.9 -3.1
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 11 10.8 +0.8
YALL God Bless America ETF 1.1 65 -15 2.9 -7.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.8 -5.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.1 12 38 7.3 -2.7
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -21 0.4 -9.6
SCHA Schwab U.S. Small-Cap ETF 1.1 4 46 4.4 -5.6
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 6.5 -3.5
FMDE Fidelity Enhanced Mid Cap ETF 1.1 23 27 6.4 -3.6
ROE Astoria US Quality Kings ETF 1.1 49 1 7.7 -2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.1 9 41 6.0 -4.0
SPHB Invesco S&P 500 High Beta ETF 1.1 25 25 2.8 -7.2
BYRE Principal Real Estate Active Opportunities ETF 1.1 65 -15 4.9 -5.1
BDFIX Baron Discovery 1.1 75 -25 0.2 -9.8
CGDG Capital Group Dividend Growers ETF 1.1 47 3 6.6 -3.4
DIVB iShares Core Dividend ETF 1.0 5 45 7.7 -2.3
VFMV Vanguard U.S. Minimum Volatility ETF 1.0 13 37 5.0 -5.0
FMIL Fidelity New Millennium ETF 1.0 59 -9 4.8 -5.2
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.5 -3.5
ISCB iShares Morningstar Small-Cap ETF 1.0 4 46 5.1 -4.9
EES WisdomTree U.S. SmallCap Fund 1.0 38 12 9.6 -0.4
DHS WisdomTree U.S. High Dividend Fund 1.0 38 12 8.0 -2.0
ADME Aptus Drawdown Managed Equity ETF 1.0 79 -29 4.2 -5.8
FQAL Fidelity Quality Factor ETF 1.0 15 35 5.8 -4.2
FTA First Trust Large Cap Value AlphaDEX Fund 1.0 59 -9 8.3 -1.7
TIME Clockwise Core Equity & Innovation ETF 1.0 95 -45 2.4 -7.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 20 8.1 -1.9
IJR iShares Core S&P Small Cap ETF 1.0 6 44 7.5 -2.5
VTV Vanguard Value ETF 1.0 4 46 6.6 -3.4
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 60 -10 7.2 -2.8
CZA Invesco Zacks Mid-Cap ETF 1.0 72 -22 6.4 -3.6
HAPI Harbor Human Capital Factor US Large Cap ETF 1.0 36 14 4.7 -5.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.9 3 47 7.6 -2.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 10 40 7.5 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 11 4.4 -5.6
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.6 -2.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.9 80 -30 6.1 -3.9
HDUS Hartford Disciplined US Equity ETF 0.9 19 31 6.0 -4.0
RFFC ALPS Active Equity Opportunity ETF 0.9 48 2 4.1 -5.9
SVAL iShares US Small Cap Value Factor ETF 0.9 20 30 10.7 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 0.9 39 11 7.0 -3.0
VOE Vanguard Mid-Cap Value ETF 0.9 7 43 7.1 -2.9
PFM Invesco Dividend Achievers ETF 0.9 53 -3 5.3 -4.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.9 10 40 5.3 -4.7
DIVG Invesco S&P 500 High Dividend Growers ETF 0.9 39 11 7.1 -2.9
VXF Vanguard Extended Market ETF 0.9 6 44 4.0 -6.0
RSSL Global X Russell 2000 ETF 0.9 8 42 2.8 -7.2
MGV Vanguard Mega Cap Value ETF 0.8 7 43 6.4 -3.6
ILCV iShares Morningstar Value ETF 0.8 4 46 6.3 -3.7
QUAL iShares MSCI USA Quality Factor ETF 0.8 15 35 5.1 -4.9
REVS Columbia Research Enhanced Value ETF 0.8 19 31 7.7 -2.3
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -5 6.0 -4.0
STXD Strive 1000 Dividend Growth ETF 0.8 35 15 5.0 -5.0
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 38 7.0 -3.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.8 59 -9 5.8 -4.2
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 0 6.9 -3.1
DGT SPDR Global Dow ETF 0.8 50 0 6.6 -3.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.8 15 35 5.9 -4.1
USMF WisdomTree U.S. Multifactor Fund 0.8 28 22 7.4 -2.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.8 9 41 5.4 -4.6
ZECP Zacks Earnings Consistent Portfolio ETF 0.8 55 -5 4.6 -5.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.8 8 42 5.1 -4.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.8 39 11 8.9 -1.1
IWX iShares Russell Top 200 Value ETF 0.8 20 30 6.2 -3.8
KLMT Invesco MSCI Global Climate 500 ETF 0.8 10 40 5.5 -4.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 30 4.8 -5.2
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 11 8.3 -1.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.1 -4.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 1 5.3 -4.7
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.7 35 15 4.7 -5.3
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 4.9 -5.1
APUE ActivePassive U.S. Equity ETF 0.7 45 5 4.9 -5.1
DSI iShares MSCI KLD 400 Social ETF 0.7 25 25 5.2 -4.8
FDMO Fidelity Momentum Factor ETF 0.7 15 35 4.2 -5.8
JHSC John Hancock Multifactor Small Cap ETF 0.7 42 8 6.9 -3.1
JEPI JPMorgan Equity Premium Income ETF 0.7 35 15 5.1 -4.9
VTWO Vanguard Russell 2000 ETF 0.7 10 40 3.1 -6.9
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 44 4.2 -5.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 5.0 -5.0
SSLY Syntax Stratified SmallCap ETF 0.7 40 10 7.3 -2.7
IWM iShares Russell 2000 ETF 0.6 19 31 3.0 -7.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 4.8 -5.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 39 4.9 -5.1
XVV iShares ESG Screened S&P 500 ETF 0.6 8 42 5.0 -5.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 41 4.9 -5.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.6 25 25 5.4 -4.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.6 3 47 5.3 -4.7
SCHB Schwab U.S. Broad Market ETF 0.6 3 47 5.0 -5.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.6 29 21 5.0 -5.0
VTHR Vanguard Russell 3000 ETF 0.6 10 40 4.9 -5.1
HLAL Wahed FTSE USA Shariah ETF 0.6 50 0 4.9 -5.1
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.5 -4.5
VONE Vanguard Russell 1000 ETF 0.6 8 42 5.1 -4.9
IWB iShares Russell 1000 ETF 0.6 15 35 5.0 -5.0
VTI Vanguard Total Stock Market ETF 0.6 3 47 4.9 -5.1
IWV iShares Russell 3000 ETF 0.6 20 30 4.8 -5.2
IYY iShares Dow Jones U.S. ETF 0.6 20 30 4.9 -5.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 47 5.0 -5.0
SMDY Syntax Stratified MidCap ETF 0.6 35 15 5.9 -4.1
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 8 6.4 -3.6
SCHK Schwab 1000 Index ETF 0.6 5 45 5.2 -4.8
SCHX Schwab U.S. Large-Cap ETF 0.6 3 47 5.1 -4.9
FDLO Fidelity Low Volatility Factor ETF 0.6 15 35 5.2 -4.8
ROSC Hartford Multifactor Small Cap ETF 0.6 34 16 9.0 -1.0
PBUS Invesco MSCI USA ETF 0.6 4 46 5.1 -4.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.6 20 30 4.9 -5.1
IVV iShares Core S&P 500 ETF 0.6 3 47 5.1 -4.9
VOO Vanguard S&P 500 ETF 0.6 3 47 5.1 -4.9
SPLG SPDR Portfolio S&P 500 ETF 0.6 2 48 5.1 -4.9
SPY SPDR S&P 500 ETF Trust 0.6 9 41 5.1 -4.9
ILCB iShares Morningstar U.S. Equity ETF 0.6 3 47 5.1 -4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 5.1 -4.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.6 50 0 7.6 -2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.6 25 25 6.9 -3.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.6 2 48 5.1 -4.9
SPXE ProShares S&P 500 Ex-Energy ETF 0.6 9 41 5.0 -5.0
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 5.6 -4.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 7.1 -2.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 23 8.7 -1.3
PSC Principal U.S. Small-Cap ETF 0.5 38 12 6.2 -3.8
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.5 -4.5
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 40 5.2 -4.8
VV Vanguard Large-Cap ETF 0.5 4 46 5.1 -4.9
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 3.4 -6.6
GDEF Goldman Sachs Defensive Equity ETF 0.5 55 -5 4.7 -5.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 30 5.0 -5.0
STRV Strive 500 ETF 0.5 5 45 5.1 -4.9
NUDV Nuveen ESG Dividend ETF 0.5 26 24 7.1 -2.9
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.4 -3.6
ACVF American Conservative Values ETF 0.5 75 -25 4.3 -5.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.2 -4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 -15 4.8 -5.2
KRMA Global X Conscious Companies ETF 0.5 43 7 5.8 -4.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 5.2 -4.8
VOTE TCW Transform 500 ETF 0.5 5 45 5.1 -4.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 43 5.7 -4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 41 5.6 -4.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 32 6.5 -3.5
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 30 4.9 -5.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 15 7.0 -3.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 5.1 -4.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.5 49 1 5.2 -4.8
SFY SoFi Select 500 ETF 0.5 0 50 4.7 -5.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.5 39 11 8.6 -1.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -2 5.8 -4.2
VBK Vanguard Small-Cap Growth ETF 0.4 7 43 1.4 -8.6
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.1 -4.9
RVRB Reverb ETF 0.4 30 20 4.8 -5.2
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.2 -4.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 6.9 -3.1
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 -10 1.7 -8.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 44 2.4 -7.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 30 4.2 -5.8
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.1 -2.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.3 -4.7
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -30 4.4 -5.6
URTH iShares MSCI World ETF 0.4 24 26 5.3 -4.7
AIEQ AI Powered Equity ETF 0.4 75 -25 1.8 -8.2
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 8.5 -1.5
BUZZ VanEck Social Sentiment ETF 0.4 75 -25 0.2 -9.8
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 33 6.0 -4.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 5 4.7 -5.3
LRGF iShares U.S. Equity Factor ETF 0.4 8 42 5.8 -4.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.4 39 11 8.7 -1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 15 35 6.0 -4.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 35 6.0 -4.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 21 6.5 -3.5
RECS Columbia Research Enhanced Core ETF 0.4 15 35 5.7 -4.3
VT Vanguard Total World Stock ETF 0.4 7 43 5.7 -4.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.7 -5.3
ACWI iShares MSCI ACWI ETF 0.4 32 18 5.4 -4.6
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 7.0 -3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -14 2.1 -7.9
MGC Vanguard Mega Cap ETF 0.4 7 43 4.9 -5.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 20 5.8 -4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 30 5.2 -4.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 30 7.6 -2.4
STXG Strive 1000 Growth ETF 0.3 18 32 4.2 -5.8
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 6.1 -3.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -25 4.3 -5.7
IWL iShares Russell Top 200 ETF 0.3 15 35 4.8 -5.2
NULV Nuveen ESG Large-Cap Value ETF 0.3 26 24 6.8 -3.2
ILCG iShares Morningstar Growth ETF 0.3 4 46 4.0 -6.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 38 4.6 -5.4
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.9 -4.1
JAVA JPMorgan Active Value ETF 0.3 44 6 6.0 -4.0
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 38 5.3 -4.7
GSPY Gotham Enhanced 500 ETF 0.2 50 0 5.2 -4.8
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 -4.3
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 21 7.2 -2.8
OALC OneAscent Large Cap Core ETF 0.2 86 -36 4.4 -5.6
EZM WisdomTree U.S. MidCap Fund 0.2 38 12 7.9 -2.1
ROUS Hartford Multifactor US Equity ETF 0.2 19 31 6.8 -3.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.3 -3.7
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.6 -4.4
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -9 2.6 -7.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.2 70 -20 2.9 -7.1
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 6.5 -3.5
OEF iShares S&P 100 ETF 0.2 20 30 4.9 -5.1
PKW Invesco Buyback Achievers ETF 0.2 62 -12 6.9 -3.1
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 35 5.2 -4.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 41 5.5 -4.5
VUSE Vident U.S. Equity Strategy ETF 0.1 50 0 3.3 -6.7
HKND Humankind US Stock ETF 0.1 11 39 7.0 -3.0
HLGE Hartford Longevity Economy ETF 0.1 44 6 6.0 -4.0
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.8 -4.2
GLOF iShares Global Equity Factor ETF 0.1 20 30 7.2 -2.8
VUG Vanguard Growth ETF 0.1 4 46 4.3 -5.7
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 46 4.7 -5.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.6 -4.4
IVW iShares S&P 500 Growth ETF 0.1 18 32 4.6 -5.4
VOOG Vanguard S&P 500 Growth ETF 0.1 10 40 4.7 -5.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 46 4.8 -5.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 12 4.9 -5.1
IWF iShares Russell 1000 Growth ETF 0.1 19 31 4.5 -5.5
VONG Vanguard Russell 1000 Growth ETF 0.1 8 42 4.6 -5.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -25 4.7 -5.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.9 -6.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 46 4.4 -5.6
SQEW LeaderShares Equity Skew ETF 0.0 81 -31 4.1 -5.9
TEQI T. Rowe Price Equity Income ETF 0.0 54 -4 3.9 -6.1
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 32 6.6 -3.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Office and Commercial REIT 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 10.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.88 CATEGORY
AVERAGE		 1.57
 
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.