VanEck Office and Commercial REIT ETF
ALTAR
Score™		 12.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.8x P/Sales
ratio		 3.6x
P/BV
ratio		 1.0x Div.
yield		 4.8%


  • 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) $2
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) $12,190
Large cap (>$10bn) 27.7%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 16.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VORNADO REALTY TRUST 10.7 %
BOSTON PROPERTIES INC 10.0 %
COUSINS PROPERTIES INC 9.5 %
SL GREEN REALTY CORP 9.0 %
KILROY REALTY CORP 8.5 %
HIGHWOODS PROPERTIES INC 4.9 %
CORPORATE OFFICE PROPERTIES 4.6 %
DOUGLAS EMMETT INC 4.2 %
REALTY INCOME CORP 4.1 %
SIMON PROPERTY GROUP INC 4.0 %
Total 69.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
-16.0% 3.6% -- -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.87 29%
MSCI EAFE 0.64 17%
MSCI Emg. Mkts. 0.64 8%

Technical Indicators
Recent close $38.78
30d moving avg. $36.44
Annualized volatility 19.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 433 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™: 12.7%


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 25.6 53 -3 7.6 -5.1
RWR SPDR Dow Jones REIT ETF 21.8 25 25 7.4 -5.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 21.7 11 39 7.8 -4.9
FRI First Trust S&P REIT Index Fund 20.7 50 0 7.3 -5.4
USRT iShares Core U.S. REIT ETF 20.3 8 42 7.6 -5.1
DFAR Dimensional US Real Estate ETF 19.4 19 31 7.8 -4.8
SCHH Schwab U.S. REIT ETF 19.2 7 43 7.9 -4.8
REAI Intelligent Real Estate ETF 18.9 59 -9 13.0 +0.3
FREL Fidelity MSCI Real Estate Index ETF 18.4 8 42 7.5 -5.2
IYR iShares U.S. Real Estate ETF 17.7 40 10 7.3 -5.4
VNQ Vanguard Real Estate ETF 17.6 12 38 7.4 -5.3
RWO SPDR Dow Jones Global Real Estate ETF 17.2 50 0 7.0 -5.7
ICF iShares Cohen & Steers REIT ETF 17.1 33 17 7.7 -5.0
ERET iShares Environmentally Aware Real Estate ETF 17.0 30 20 7.5 -5.2
JRE Janus Henderson U.S. Real Estate ETF 16.6 65 -15 7.5 -5.2
REET iShares Global REIT ETF 16.4 14 36 7.5 -5.2
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 16.0 40 10 7.5 -5.2
BLDG Cambria Global Real Estate ETF 15.4 60 -10 12.2 -0.5
XLRE Real Estate Select Sector SPDR Fund 15.2 8 42 7.4 -5.3
DFGR Dimensional Global Real Estate ETF 15.0 22 28 7.4 -5.3
VGSR Vert Global Sustainable Real Estate ETF 14.9 47 3 7.2 -5.5
GQRE FlexShares Global Quality Real Estate Index Fund 14.6 45 5 7.8 -4.9
PSR Invesco Active U.S. Real Estate Fund 14.4 35 15 7.2 -5.5
IRET iREIT - MarketVector Quality REIT Index ETF 14.2 60 -10 7.5 -5.1
AVRE Avantis Real Estate ETF 13.5 17 33 7.1 -5.6
JPRE JPMorgan Realty Income ETF 12.8 50 0 7.4 -5.3
IVRA Invesco Real Assets ESG ETF 11.8 59 -9 5.9 -6.8
RIET Hoya Capital High Dividend Yield ETF 10.7 50 0 45.2 +32.6
IQRA IQ CBRE Real Assets ETF 9.5 65 -15 5.7 -7.0
ICAP InfraCap Equity Income Fund ETF 9.2 171 -121 7.0 -5.7
KBWY Invesco KBW Premium Yield Equity REIT ETF 8.9 35 15 9.5 -3.2
INDS Pacer Industrial Real Estate ETF 8.4 55 -5 6.7 -6.0
FPRO Fidelity Real Estate Investment ETF 6.9 59 -9 6.3 -6.4
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.4 7 43 9.9 -2.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.4 30 20 8.9 -3.8
NETL NETLease Corporate Real Estate ETF 6.3 60 -10 8.2 -4.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.2 60 -10 5.9 -6.8
SPRE SP Funds S&P Global REIT Sharia ETF 6.2 55 -5 6.0 -6.7
RITA ETFB Green SRI REITs ETF 6.1 50 0 6.2 -6.5
NIXT Research Affiliates Deletions ETF 6.0 9 41 5.8 -6.9
SRET Global X SuperDividend REIT ETF 5.6 59 -9 12.4 -0.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 5.4 60 -10 6.9 -5.8
RDOG ALPS REIT Dividend Dogs ETF 5.1 35 15 9.1 -3.6
BIBL Inspire 100 ETF 4.9 35 15 5.3 -7.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 4.4 30 20 12.3 -0.4
VRAI Virtus Real Asset Income ETF 4.1 55 -5 10.4 -2.3
ABLD Abacus FCF Real Assets Leaders ETF 4.0 69 -19 6.7 -6.0
TBG TBG Dividend Focus ETF 4.0 59 -9 8.0 -4.7
MBCC Monarch Blue Chips Core ETF 3.9 125 -75 4.1 -8.6
SPDV AAM S&P 500 High Dividend Value ETF 3.7 29 21 10.9 -1.8
XMLV Invesco S&P MidCap Low Volatility ETF 3.7 25 25 7.8 -4.9
PSCF Invesco S&P SmallCap Financials ETF 3.7 29 21 9.7 -3.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.6 27 23 7.0 -5.7
ERTH Invesco MSCI Sustainable Future ETF 3.6 62 -12 3.5 -9.2
PFI Invesco Dorsey Wright Financial Momentum ETF 3.4 60 -10 6.4 -6.3
NUMV Nuveen ESG Mid-Cap Value ETF 3.1 31 19 7.1 -5.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.1 25 25 8.2 -4.4
FDVV Fidelity High Dividend ETF 3.0 15 35 8.1 -4.6
IJJ iShares S&P Mid-Cap 400 Value ETF 2.8 18 32 9.2 -3.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.8 15 35 9.2 -3.5
DON WisdomTree U.S. MidCap Dividend Fund 2.8 38 12 8.9 -3.8
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.7 15 35 7.5 -5.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.7 15 35 9.2 -3.5
BEEX BeeHive ETF 2.7 84 -34 4.7 -8.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.7 15 35 8.2 -4.5
CVAR Cultivar ETF 2.7 87 -37 7.2 -5.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.7 24 26 8.2 -4.5
ETHO Etho Climate Leadership U.S. ETF 2.7 47 3 5.6 -7.0
DEW WisdomTree Global High Dividend Fund 2.7 58 -8 8.8 -3.9
VBR Vanguard Small Cap Value ETF 2.4 7 43 9.4 -3.3
FCPI Fidelity Stocks for Inflation ETF 2.4 15 35 7.6 -5.1
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.4 60 -10 10.1 -2.6
IMCV iShares Morningstar Mid-Cap Value ETF 2.4 6 44 8.4 -4.3
ONEY SPDR Russell 1000 Yield Focus ETF 2.4 20 30 9.8 -2.9
XSLV Invesco S&P SmallCap Low Volatility ETF 2.3 25 25 7.8 -4.9
CVY Invesco Zacks Multi-Asset Income ETF 2.3 106 -56 12.3 -0.4
STXM Strive Mid-Cap ETF 2.2 18 32 6.5 -6.2
SDY SPDR S&P Dividend ETF 2.2 35 15 6.5 -6.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.2 70 -20 4.6 -8.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.2 15 35 6.1 -6.5
INRO iShares U.S. Industry Rotation Active ETF 2.1 42 8 4.9 -7.8
WDIV SPDR S&P Global Dividend ETF 2.1 40 10 9.7 -2.9
AFMC First Trust Active Factor Mid Cap ETF 2.1 65 -15 8.7 -4.0
CALF Pacer US Small Cap Cash Cows 100 ETF 2.0 59 -9 11.5 -1.1
IWS iShares Russell Mid-Cap Value ETF 2.0 23 27 6.9 -5.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 21 8.9 -3.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.0 25 25 5.2 -7.5
ALTL Pacer Lunt Large Cap Alternator ETF 2.0 60 -10 5.0 -7.7
SPLV Invesco S&P 500 Low Volatility ETF 2.0 25 25 5.2 -7.5
DHS WisdomTree U.S. High Dividend Fund 2.0 38 12 8.3 -4.4
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.0 60 -10 9.4 -3.3
JHDV John Hancock U.S. High Dividend ETF 2.0 34 16 6.9 -5.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.0 4 46 6.3 -6.4
DEMZ Democratic Large Cap Core ETF 2.0 45 5 4.6 -8.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.0 80 -30 8.1 -4.6
XMVM Invesco S&P MidCap Value with Momentum ETF 2.0 39 11 9.8 -2.9
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 38 7.3 -5.4
NUDV Nuveen ESG Dividend ETF 1.9 26 24 7.5 -5.2
SWP SWP Growth & Income ETF 1.9 99 -49 4.5 -8.2
SMLF iShares U.S. SmallCap Equity Factor ETF 1.9 15 35 6.5 -6.2
FSMD Fidelity Small-Mid Multifactor ETF 1.9 15 35 7.3 -5.4
NUSC Nuveen ESG Small-Cap ETF 1.9 31 19 5.6 -7.1
EQAL Invesco Russell 1000 Equal Weight ETF 1.9 20 30 7.1 -5.6
ULVM VictoryShares US Value Momentum ETF 1.9 20 30 7.4 -5.2
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 21 6.1 -6.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.8 15 35 7.5 -5.1
FNDA Schwab Fundamental US Small Co. Index ETF 1.8 25 25 8.2 -4.5
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 46 6.9 -5.8
MDY SPDR S&P Midcap 400 ETF Trust 1.8 24 26 7.4 -5.3
IJH iShares Core S&P Mid-Cap ETF 1.8 5 45 7.6 -5.1
PY Principal Value ETF 1.8 15 35 7.4 -5.3
ISMD Inspire Small/Mid Cap ETF 1.7 54 -4 6.1 -6.6
PTL Inspire 500 ETF 1.7 9 41 5.5 -7.2
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 47 7.6 -5.0
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 10 40 7.6 -5.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 32 7.8 -4.9
MBOX Freedom Day Dividend ETF 1.7 39 11 7.6 -5.1
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 37 5.7 -7.0
SFYX SoFi Next 500 ETF 1.7 0 50 5.9 -6.8
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.7 55 -5 4.3 -8.4
DIV Global X SuperDividend US ETF 1.6 45 5 12.1 -0.6
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.6 25 25 11.8 -0.9
IWR iShares Russell Midcap ETF 1.6 19 31 5.9 -6.7
SDIV Global X Superdividend ETF 1.6 58 -8 42.2 +29.5
FLDZ RiverNorth Patriot ETF 1.6 75 -25 5.8 -6.9
BGIG Bahl & Gaynor Income Growth ETF 1.6 45 5 5.5 -7.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.6 39 11 10.8 -1.9
XSMO Invesco S&P SmallCap Momentum ETF 1.6 39 11 5.8 -6.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.5 20 30 6.6 -6.0
VB Vanguard Small-Cap ETF 1.5 5 45 6.3 -6.4
BDIV AAM Brentview Dividend Growth ETF 1.5 49 1 4.7 -8.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 15 6.0 -6.6
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 6.5 -6.2
SMAP Amplify Small-Mid Cap Equity ETF 1.5 60 -10 5.5 -7.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.5 17 33 6.1 -6.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.5 14 36 5.1 -7.6
GOP Unusual Whales Subversive Republican Trading ETF 1.5 50 0 6.1 -6.6
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 23 9.3 -3.4
DLN WisdomTree U.S. LargeCap Dividend Fund 1.4 28 22 6.2 -6.5
OSCV Opus Small Cap Value ETF 1.4 79 -29 6.9 -5.8
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.4 10 40 4.5 -8.2
HAPY Harbor Human Capital Factor Unconstrained ETF 1.4 50 0 5.7 -7.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.4 9 41 4.7 -8.0
VOT Vanguard Mid-Cap Growth ETF 1.4 7 43 3.6 -9.0
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 27 5.9 -6.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 26 8.0 -4.7
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 46 6.1 -6.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 1.4 60 -10 7.3 -5.4
WCEO Hypatia Women CEO ETF 1.4 85 -35 4.8 -7.9
JPEF JPMorgan Equity Focus ETF 1.4 50 0 4.5 -8.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.4 60 -10 4.6 -8.1
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.4 12 38 5.6 -7.1
STXV Strive 1000 Value ETF 1.3 18 32 8.3 -4.4
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 44 9.7 -3.0
FYT First Trust Small Cap Value AlphaDEX Fund 1.3 73 -23 11.6 -1.1
BLES Inspire Global Hope ETF 1.3 61 -11 6.9 -5.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.3 10 40 4.5 -8.2
QUVU Hartford Quality Value ETF 1.3 46 4 7.3 -5.4
EUSA iShares MSCI USA Equal Weighted ETF 1.2 9 41 6.2 -6.5
DIVG Invesco S&P 500 High Dividend Growers ETF 1.2 39 11 8.6 -4.1
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.2 80 -30 7.0 -5.7
SIZE iShares MSCI USA Size Factor ETF 1.2 15 35 5.9 -6.8
SMMD iShares Russell 2500 ETF 1.2 15 35 6.6 -6.1
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 46 6.3 -6.3
FVAL Fidelity Value Factor ETF 1.2 15 35 7.2 -5.5
SFYF SoFi Social 50 ETF 1.2 29 21 0.2 -12.5
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 6.5 -6.1
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 38 6.7 -6.0
XMMO Invesco S&P MidCap Momentum ETF 1.2 34 16 5.5 -7.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.2 30 20 8.2 -4.5
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 38 8.6 -4.1
GURU Global X Guru Index ETF 1.1 75 -25 4.1 -8.6
DGT SPDR Global Dow ETF 1.1 50 0 7.5 -5.2
YALL God Bless America ETF 1.1 65 -15 3.7 -8.9
STXK Strive Small-Cap ETF 1.1 18 32 6.4 -6.3
VTWV Vanguard Russell 2000 Value ETF 1.1 15 35 8.1 -4.6
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.9 -5.8
DES WisdomTree U.S. SmallCap Dividend Fund 1.1 38 12 9.6 -3.1
IWD iShares Russell 1000 Value ETF 1.1 19 31 6.6 -6.1
VONV Vanguard Russell 1000 Value ETF 1.1 8 42 6.7 -6.0
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 7.0 -5.7
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 2 4.8 -7.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.1 15 35 10.5 -2.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.1 49 1 9.7 -3.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.1 60 -10 2.1 -10.6
VLUE iShares MSCI USA Value Factor ETF 1.1 15 35 10.2 -2.5
REVS Columbia Research Enhanced Value ETF 1.1 19 31 7.9 -4.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.8 -7.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.1 65 -15 3.4 -9.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.1 55 -5 10.6 -2.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.1 15 35 8.1 -4.5
FNX First Trust Mid Cap Core AlphaDEX Fund 1.1 60 -10 7.8 -4.9
USXF iShares ESG Advanced MSCI USA ETF 1.0 10 40 4.8 -7.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.0 39 11 6.1 -6.6
EZM WisdomTree U.S. MidCap Fund 1.0 38 12 9.4 -3.3
VEGN US Vegan Climate ETF 1.0 60 -10 4.6 -8.1
FNK First Trust Mid Cap Value AlphaDEX Fund 1.0 70 -20 11.7 -1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 6.2 -6.5
VO Vanguard Mid-Cap ETF 1.0 4 46 5.9 -6.8
SCHA Schwab U.S. Small-Cap ETF 1.0 4 46 6.5 -6.2
ISCB iShares Morningstar Small-Cap ETF 1.0 4 46 6.3 -6.4
ROE Astoria US Quality Kings ETF 1.0 49 1 6.7 -6.0
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.2 -6.5
DIVB iShares Core Dividend ETF 1.0 5 45 7.9 -4.8
ESIX SPDR S&P SmallCap 600 ESG ETF 0.9 12 38 8.6 -4.0
IWN iShares Russell 2000 Value ETF 0.9 24 26 8.1 -4.6
ILCV iShares Morningstar Value ETF 0.9 4 46 6.8 -5.9
FLQL Franklin LibertyQ U.S. Equity ETF 0.9 15 35 5.6 -7.1
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.9 60 -10 10.1 -2.6
BYRE Principal Real Estate Active Opportunities ETF 0.9 65 -15 6.2 -6.5
VALQ American Century U.S. Quality Value ETF 0.9 29 21 7.7 -5.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.9 35 15 7.1 -5.5
VXF Vanguard Extended Market ETF 0.9 6 44 5.0 -7.7
FUNL CornerCap Fundametrics Large-Cap ETF 0.9 50 0 7.5 -5.2
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -25 5.1 -7.6
IUSV iShares Core S&P US Value ETF 0.9 4 46 6.7 -6.0
CGDV Capital Group Dividend Value ETF 0.9 33 17 4.8 -7.9
CHGX AXS Change Finance ESG ETF 0.9 49 1 4.9 -7.8
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.9 5 45 8.1 -4.6
KLMN Invesco MSCI North America Climate ETF 0.9 9 41 5.2 -7.5
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.6 -5.0
VTV Vanguard Value ETF 0.9 4 46 7.1 -5.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 43 6.3 -6.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.9 12 38 7.5 -5.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 10 40 8.0 -4.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.8 10 40 5.4 -7.3
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -17 10.5 -2.2
CZA Invesco Zacks Mid-Cap ETF 0.8 72 -22 6.5 -6.2
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 10.5 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 4.5 -8.2
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.8 56 -6 6.4 -6.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 38 7.6 -5.0
JGLO JPMorgan Global Select Equity ETF 0.8 33 17 5.1 -7.6
VOOV Vanguard S&P 500 Value ETF 0.8 10 40 6.5 -6.2
IVE iShares S&P 500 Value ETF 0.8 18 32 6.4 -6.3
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 46 6.5 -6.2
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 1 6.2 -6.5
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.8 19 31 5.3 -7.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.8 15 35 10.5 -2.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 14 12.3 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 30 6.1 -6.6
MGV Vanguard Mega Cap Value ETF 0.8 7 43 6.8 -5.9
PFM Invesco Dividend Achievers ETF 0.8 53 -3 5.4 -7.3
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 11 8.5 -4.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.8 15 35 5.1 -7.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.8 17 33 6.0 -6.7
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 11 7.1 -5.6
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -5 6.2 -6.5
FQAL Fidelity Quality Factor ETF 0.8 15 35 5.7 -6.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 -11 6.6 -6.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 5.7 -7.0
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -9 4.6 -8.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 15 35 6.0 -6.7
RFV Invesco S&P Midcap 400 Pure Value ETF 0.7 35 15 14.0 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 5.3 -7.4
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 5.0 -7.7
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 8 6.5 -6.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.2 -7.4
IJR iShares Core S&P Small Cap ETF 0.7 6 44 8.0 -4.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.7 15 35 6.0 -6.7
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.0 -7.7
SPHB Invesco S&P 500 High Beta ETF 0.7 25 25 4.9 -7.8
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 5.0 -7.7
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 7.8 -4.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 5.2 -7.5
VOE Vanguard Mid-Cap Value ETF 0.7 7 43 7.8 -4.9
RSSL Global X Russell 2000 ETF 0.7 8 42 4.7 -8.0
APUE ActivePassive U.S. Equity ETF 0.7 45 5 4.9 -7.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 47 8.1 -4.6
CGDG Capital Group Dividend Growers ETF 0.7 47 3 6.3 -6.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 44 2.9 -9.8
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 4.9 -7.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 5.0 -7.7
AIEQ AI Powered Equity ETF 0.6 75 -25 5.3 -7.4
DSI iShares MSCI KLD 400 Social ETF 0.6 25 25 5.1 -7.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 32 5.7 -7.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.6 35 15 5.3 -7.4
FESM Fidelity Enhanced Small Cap ETF 0.6 28 22 8.1 -4.6
IWX iShares Russell Top 200 Value ETF 0.6 20 30 6.4 -6.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 15 35 5.8 -6.9
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 35 5.7 -6.9
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 6.0 -6.7
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.7 -7.0
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 5.7 -7.0
DSPY Tema S&P 500 Historical Weight ETF 0.6 18 32 5.3 -7.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 39 5.3 -7.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 41 4.9 -7.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 5.1 -7.6
BGDV Bahl & Gaynor Dividend ETF 0.6 45 5 4.9 -7.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 1 6.3 -6.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -20 2.9 -9.8
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 8 7.0 -5.7
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 -12 3.7 -9.0
VTI Vanguard Total Stock Market ETF 0.6 3 47 5.1 -7.6
VTWO Vanguard Russell 2000 ETF 0.6 10 40 4.7 -7.9
IWB iShares Russell 1000 ETF 0.5 15 35 5.1 -7.6
VTHR Vanguard Russell 3000 ETF 0.5 10 40 5.1 -7.6
VONE Vanguard Russell 1000 ETF 0.5 8 42 5.2 -7.5
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 5.2 -7.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.4 -7.3
IWV iShares Russell 3000 ETF 0.5 20 30 5.0 -7.7
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.5 -7.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 25 6.0 -6.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 59 -9 9.3 -3.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 38 4.7 -8.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 5.1 -7.5
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 5.1 -7.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 5.0 -7.7
IYY iShares Dow Jones U.S. ETF 0.5 20 30 5.0 -7.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 5.2 -7.5
FDLO Fidelity Low Volatility Factor ETF 0.5 15 35 5.5 -7.2
KRMA Global X Conscious Companies ETF 0.5 43 7 5.9 -6.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.9 -7.7
QUAL iShares MSCI USA Quality Factor ETF 0.5 15 35 5.3 -7.4
SCHK Schwab 1000 Index ETF 0.5 5 45 5.3 -7.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 11 6.7 -6.0
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 5.2 -7.5
QDF FlexShares Quality Dividend Index Fund 0.5 37 13 6.5 -6.2
RECS Columbia Research Enhanced Core ETF 0.5 15 35 6.1 -6.6
FDMO Fidelity Momentum Factor ETF 0.5 15 35 3.9 -8.8
PBUS Invesco MSCI USA ETF 0.5 4 46 5.1 -7.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 7.1 -5.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 5.1 -7.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 15 9.8 -2.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 4.9 -7.8
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 5.1 -7.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 15 11.4 -1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 13 6.2 -6.5
VOO Vanguard S&P 500 ETF 0.5 3 47 5.2 -7.5
IVV iShares Core S&P 500 ETF 0.5 3 47 5.2 -7.5
SPLG SPDR Portfolio S&P 500 ETF 0.5 2 48 5.2 -7.5
SPY SPDR S&P 500 ETF Trust 0.5 9 41 5.1 -7.5
USMF WisdomTree U.S. Multifactor Fund 0.5 28 22 6.7 -6.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 20 6.8 -5.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.1 -7.6
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 10.1 -2.6
ACVF American Conservative Values ETF 0.5 75 -25 4.5 -8.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 0 8.3 -4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 5.1 -7.6
VOTE TCW Transform 500 ETF 0.5 5 45 5.1 -7.6
HLAL Wahed FTSE USA Shariah ETF 0.5 50 0 5.0 -7.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 7.4 -5.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.5 20 30 7.6 -5.1
IWM iShares Russell 2000 ETF 0.5 19 31 4.7 -8.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 5.1 -7.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -15 6.4 -6.2
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.7 -6.0
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 3.4 -9.3
SVAL iShares US Small Cap Value Factor ETF 0.5 20 30 11.2 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 21 6.6 -6.1
JEPI JPMorgan Equity Premium Income ETF 0.4 35 15 5.7 -7.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 5.3 -7.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 44 4.1 -8.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -9 6.2 -6.5
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -30 6.1 -6.6
VV Vanguard Large-Cap ETF 0.4 4 46 5.1 -7.6
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 5.1 -7.6
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.3 -7.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.4 -7.3
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 7.0 -5.7
STRV Strive 500 ETF 0.4 5 45 5.0 -7.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 32 6.9 -5.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.4 18 32 4.9 -7.8
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.5 -5.2
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.3 -7.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.6 -8.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 15 6.1 -6.6
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 32 6.9 -5.8
RVRB Reverb ETF 0.4 30 20 4.8 -7.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 5.0 -7.7
SFY SoFi Select 500 ETF 0.4 0 50 4.6 -8.1
EES WisdomTree U.S. SmallCap Fund 0.4 38 12 9.3 -3.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 7.4 -5.3
URTH iShares MSCI World ETF 0.4 24 26 5.4 -7.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 41 5.4 -7.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 6.1 -6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 5.9 -6.7
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 7.9 -4.8
HDUS Hartford Disciplined US Equity ETF 0.4 19 31 5.9 -6.8
VBK Vanguard Small-Cap Growth ETF 0.3 7 43 1.9 -10.7
VT Vanguard Total World Stock ETF 0.3 7 43 6.2 -6.5
OPTZ Optimize Strategy Index ETF 0.3 50 0 5.1 -7.6
GSPY Gotham Enhanced 500 ETF 0.3 50 0 5.5 -7.2
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 6.0 -6.7
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.8 -6.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.7 -8.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 10.0 -2.7
MGC Vanguard Mega Cap ETF 0.3 7 43 4.9 -7.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 9.8 -2.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.3 52 -2 7.0 -5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -14 2.3 -10.4
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.7 -5.0
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 5.4 -7.2
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.9 -6.8
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 15 4.9 -7.8
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.3 -10.4
HLGE Hartford Longevity Economy ETF 0.3 44 6 6.4 -6.3
SHE SPDR MSCI USA Gender Diversity ETF 0.3 20 30 5.1 -7.6
IWL iShares Russell Top 200 ETF 0.2 15 35 4.9 -7.8
ROUS Hartford Multifactor US Equity ETF 0.2 19 31 7.2 -5.5
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.4 -8.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.2 71 -21 0.5 -12.2
STXG Strive 1000 Growth ETF 0.2 18 32 4.0 -8.7
IVW iShares S&P 500 Growth ETF 0.2 18 32 4.2 -8.5
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.3 -8.4
VOOG Vanguard S&P 500 Growth ETF 0.2 10 40 4.2 -8.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.5 -6.2
PSC Principal U.S. Small-Cap ETF 0.2 38 12 7.0 -5.6
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.8 -6.9
JAVA JPMorgan Active Value ETF 0.2 44 6 6.6 -6.1
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.8 -6.9
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -9 2.9 -9.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -25 4.2 -8.5
OEF iShares S&P 100 ETF 0.1 20 30 4.8 -7.9
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -75 6.6 -6.0
VUSE Vident U.S. Equity Strategy ETF 0.1 50 0 4.5 -8.1
RWL Invesco S&P 500 Revenue ETF 0.1 39 11 6.9 -5.8
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.9 -5.8
HKND Humankind US Stock ETF 0.1 11 39 7.4 -5.3
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 35 5.0 -7.6
VUG Vanguard Growth ETF 0.1 4 46 4.1 -8.5
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.1 25 25 5.3 -7.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 6.2 -6.5
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 21 7.5 -5.2
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.9 -8.8
YOKE Yoke Core ETF 0.1 42 8 4.4 -8.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.0 -6.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.6 -8.1
EBI Longview Advantage ETF 0.1 35 15 6.9 -5.8
IWF iShares Russell 1000 Growth ETF 0.1 19 31 4.5 -8.2
VONG Vanguard Russell 1000 Growth ETF 0.1 8 42 4.6 -8.1
PKW Invesco Buyback Achievers ETF 0.0 62 -12 7.6 -5.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 4.0 -8.7

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck 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 12.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 12.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.86 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.