VanEck Office and Commercial REIT ETF
ALTAR
Score™		 1.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 112.3x P/Sales
ratio		 3.9x
P/BV
ratio		 1.3x 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) $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) $10,600
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 9.5 %
BOSTON PROPERTIES INC 9.5 %
KILROY REALTY CORP 8.8 %
COUSINS PROPERTIES INC 8.6 %
SL GREEN REALTY CORP 8.3 %
HIGHWOODS PROPERTIES INC 4.8 %
REALTY INCOME CORP 4.7 %
PROLOGIS INC 4.6 %
CORPORATE OFFICE PROPERTIES 4.3 %
SIMON PROPERTY GROUP INC 4.2 %
Total 67.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.8% 17.4% -- -- 20.8%

Market Correlations
versus... Beta R-squared
S&P500 0.72 19%
MSCI EAFE 0.47 11%
MSCI Emg. Mkts. 0.59 9%

Technical Indicators
Recent close $39.30
30d moving avg. $40.04
Annualized volatility 17.8%
Short interest (ETF) 3.2%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.7%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 420 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™: 1.1%


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 24.2 53 -3 1.9 +0.8
RWR SPDR Dow Jones REIT ETF 22.7 25 25 2.1 +0.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 21.9 11 39 2.3 +1.2
FRI First Trust S&P REIT Index Fund 21.3 50 0 1.9 +0.8
USRT iShares Core U.S. REIT ETF 20.9 8 42 2.4 +1.2
DFAR Dimensional US Real Estate ETF 19.9 19 31 2.3 +1.2
SCHH Schwab U.S. REIT ETF 19.4 7 43 2.5 +1.4
ICF iShares Cohen & Steers REIT ETF 19.2 33 17 2.4 +1.3
FREL Fidelity MSCI Real Estate Index ETF 18.6 8 42 2.5 +1.3
ERET iShares Environmentally Aware Real Estate ETF 18.2 30 20 3.1 +1.9
IYR iShares U.S. Real Estate ETF 18.0 40 10 2.7 +1.5
RWO SPDR Dow Jones Global Real Estate ETF 17.8 50 0 2.9 +1.7
VNQ Vanguard Real Estate ETF 17.7 12 38 2.4 +1.3
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 17.6 40 10 2.5 +1.4
REET iShares Global REIT ETF 17.0 14 36 3.3 +2.2
XLRE Real Estate Select Sector SPDR Fund 16.8 8 42 6.3 +5.2
JRE Janus Henderson U.S. Real Estate ETF 16.6 65 -15 1.6 +0.5
BLDG Cambria Global Real Estate ETF 16.4 60 -10 4.2 +3.1
VGSR Vert Global Sustainable Real Estate ETF 15.9 47 3 2.8 +1.7
REAI Intelligent Real Estate ETF 15.8 59 -9 0.6 -0.5
DFGR Dimensional Global Real Estate ETF 15.4 22 28 3.2 +2.0
GQRE FlexShares Global Quality Real Estate Index Fund 15.2 45 5 4.1 +3.0
IRET iREIT - MarketVector Quality REIT Index ETF 14.9 60 -10 2.3 +1.2
AVRE Avantis Real Estate ETF 13.8 17 33 3.3 +2.2
PSR Invesco Active U.S. Real Estate Fund 13.5 35 15 2.2 +1.0
IVRA Invesco Real Assets ESG ETF 12.9 59 -9 3.5 +2.4
JPRE JPMorgan Realty Income ETF 12.7 50 0 1.4 +0.3
RIET Hoya Capital High Dividend Yield ETF 10.3 50 0 6.0 +4.8
KBWY Invesco KBW Premium Yield Equity REIT ETF 9.5 35 15 0.8 -0.3
ICAP InfraCap Equity Income Fund ETF 9.1 171 -121 5.2 +4.1
INDS Pacer Industrial Real Estate ETF 8.9 55 -5 3.9 +2.8
IQRA IQ CBRE Real Assets ETF 8.6 65 -15 2.7 +1.5
FPRO Fidelity Real Estate Investment ETF 8.4 59 -9 1.5 +0.4
RITA ETFB Green SRI REITs ETF 7.8 50 0 2.4 +1.3
NETL NETLease Corporate Real Estate ETF 7.7 60 -10 3.7 +2.5
RDOG ALPS REIT Dividend Dogs ETF 7.7 35 15 1.1 -0.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.9 30 20 7.6 +6.5
SRET Global X SuperDividend REIT ETF 6.3 59 -9 8.1 +7.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.1 30 20 7.4 +6.3
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.1 7 43 8.2 +7.1
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.0 60 -10 5.7 +4.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.9 60 -10 2.5 +1.4
SPRE SP Funds S&P Global REIT Sharia ETF 5.9 55 -5 2.3 +1.2
NIXT Research Affiliates Deletions ETF 5.8 9 41 3.8 +2.7
BIBL Inspire 100 ETF 4.9 35 15 4.7 +3.5
TBG TBG Dividend Focus ETF 4.2 59 -9 7.3 +6.2
PSCF Invesco S&P SmallCap Financials ETF 4.1 29 21 6.2 +5.1
ABLD Abacus FCF Real Assets Leaders ETF 4.0 69 -19 5.7 +4.5
MBCC Monarch Blue Chips Core ETF 3.9 125 -75 3.5 +2.4
ERTH Invesco MSCI Sustainable Future ETF 3.7 62 -12 2.5 +1.3
PFI Invesco Dorsey Wright Financial Momentum ETF 3.6 60 -10 4.6 +3.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.6 27 23 6.1 +5.0
SPDV AAM S&P 500 High Dividend Value ETF 3.5 29 21 9.8 +8.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 3.2 60 -10 4.0 +2.9
XSLV Invesco S&P SmallCap Low Volatility ETF 3.2 25 25 5.4 +4.3
NUMV Nuveen ESG Mid-Cap Value ETF 3.1 31 19 6.4 +5.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.1 25 25 7.8 +6.6
VRAI Virtus Real Asset Income ETF 3.1 55 -5 7.5 +6.4
FDVV Fidelity High Dividend ETF 3.0 15 35 7.5 +6.4
BEEX BeeHive ETF 2.8 84 -34 4.7 +3.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.7 15 35 5.9 +4.8
DEMZ Democratic Large Cap Core ETF 2.7 45 5 4.6 +3.4
CVAR Cultivar ETF 2.7 87 -37 6.1 +5.0
DEW WisdomTree Global High Dividend Fund 2.7 58 -8 7.7 +6.6
XMLV Invesco S&P MidCap Low Volatility ETF 2.6 25 25 6.0 +4.9
DON WisdomTree U.S. MidCap Dividend Fund 2.6 38 12 8.3 +7.2
SDY SPDR S&P Dividend ETF 2.5 35 15 6.2 +5.0
IJJ iShares S&P Mid-Cap 400 Value ETF 2.5 18 32 8.6 +7.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.5 15 35 8.7 +7.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.4 15 35 8.7 +7.5
FCPI Fidelity Stocks for Inflation ETF 2.4 15 35 7.8 +6.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.4 24 26 7.6 +6.5
IMCV iShares Morningstar Mid-Cap Value ETF 2.4 6 44 7.9 +6.8
INRO iShares U.S. Industry Rotation Active ETF 2.3 42 8 4.1 +3.0
CVY Invesco Zacks Multi-Asset Income ETF 2.3 106 -56 10.9 +9.8
VBR Vanguard Small Cap Value ETF 2.2 7 43 8.5 +7.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.2 15 35 4.3 +3.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.2 70 -20 4.4 +3.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.2 15 35 5.8 +4.7
ONEY SPDR Russell 1000 Yield Focus ETF 2.2 20 30 9.1 +7.9
XMVM Invesco S&P MidCap Value with Momentum ETF 2.1 39 11 9.7 +8.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.1 60 -10 6.3 +5.2
AFMC First Trust Active Factor Mid Cap ETF 2.1 65 -15 8.2 +7.1
CHGX AXS Change Finance ESG ETF 2.1 49 1 5.3 +4.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.0 25 25 4.9 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 21 7.4 +6.3
SPLV Invesco S&P 500 Low Volatility ETF 2.0 25 25 4.8 +3.7
DIV Global X SuperDividend US ETF 2.0 45 5 10.1 +9.0
ALTL Pacer Lunt Large Cap Alternator ETF 2.0 60 -10 4.6 +3.5
WDIV SPDR S&P Global Dividend ETF 2.0 40 10 9.6 +8.5
JHDV John Hancock U.S. High Dividend ETF 2.0 34 16 6.3 +5.2
STXM Strive Mid-Cap ETF 2.0 18 32 3.6 +2.5
DHS WisdomTree U.S. High Dividend Fund 2.0 38 12 7.8 +6.6
IWS iShares Russell Mid-Cap Value ETF 2.0 23 27 6.5 +5.4
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.0 60 -10 8.8 +7.6
SWP SWP Growth & Income ETF 1.9 99 -49 4.6 +3.5
NUDV Nuveen ESG Dividend ETF 1.9 26 24 6.7 +5.5
JPEF JPMorgan Equity Focus ETF 1.9 50 0 4.5 +3.4
SDIV Global X Superdividend ETF 1.9 58 -8 13.9 +12.7
FSMD Fidelity Small-Mid Multifactor ETF 1.9 15 35 7.0 +5.9
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.9 25 25 9.9 +8.7
ULVM VictoryShares US Value Momentum ETF 1.9 20 30 7.2 +6.1
BGIG Bahl & Gaynor Income Growth ETF 1.8 45 5 5.4 +4.3
EQAL Invesco Russell 1000 Equal Weight ETF 1.8 20 30 6.6 +5.4
CZA Invesco Zacks Mid-Cap ETF 1.8 72 -22 5.9 +4.7
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 21 6.8 +5.7
PY Principal Value ETF 1.8 15 35 7.1 +6.0
MBOX Freedom Day Dividend ETF 1.7 39 11 7.4 +6.3
FNDA Schwab Fundamental US Small Co. Index ETF 1.7 25 25 6.6 +5.4
ISMD Inspire Small/Mid Cap ETF 1.7 54 -4 4.7 +3.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.7 4 46 6.1 +5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 32 7.2 +6.1
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 37 5.5 +4.3
PTL Inspire 500 ETF 1.7 9 41 5.4 +4.3
XJH iShares ESG Screened S&P Mid-Cap ETF 1.7 12 38 7.0 +5.9
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.7 55 -5 4.2 +3.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.6 15 35 7.3 +6.2
SCHM Schwab U.S. Mid-Cap ETF 1.6 4 46 6.7 +5.6
SMLF iShares U.S. SmallCap Equity Factor ETF 1.6 15 35 6.0 +4.8
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 7.8 +6.6
IWR iShares Russell Midcap ETF 1.6 19 31 5.8 +4.6
BDIV AAM Brentview Dividend Growth ETF 1.6 49 1 4.3 +3.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 15 5.7 +4.6
SFYX SoFi Next 500 ETF 1.5 0 50 3.6 +2.4
ETHO Etho Climate Leadership U.S. ETF 1.5 47 3 5.5 +4.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.5 14 36 5.2 +4.1
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 23 9.2 +8.0
MDY SPDR S&P Midcap 400 ETF Trust 1.5 24 26 7.2 +6.1
IJH iShares Core S&P Mid-Cap ETF 1.5 5 45 7.4 +6.2
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 6.2 +5.1
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.5 10 40 4.2 +3.0
KRUZ Unusual Whales Subversive Republican Trading ETF 1.5 75 -25 6.0 +4.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.4 3 47 7.4 +6.3
DLN WisdomTree U.S. LargeCap Dividend Fund 1.4 28 22 5.9 +4.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.4 80 -30 6.0 +4.9
IVOO Vanguard S&P Mid-Cap 400 ETF 1.4 10 40 7.3 +6.2
VB Vanguard Small-Cap ETF 1.4 5 45 5.7 +4.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.4 17 33 5.7 +4.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 1.4 36 14 10.3 +9.2
HAPY Harbor Human Capital Factor Unconstrained ETF 1.4 50 0 3.4 +2.2
FLDZ RiverNorth Patriot ETF 1.4 75 -25 5.9 +4.8
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 46 6.0 +4.9
FYT First Trust Small Cap Value AlphaDEX Fund 1.4 73 -23 9.9 +8.8
YALL God Bless America ETF 1.4 65 -15 4.3 +3.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.4 9 41 4.0 +2.9
NUSC Nuveen ESG Small-Cap ETF 1.4 31 19 5.3 +4.2
VOT Vanguard Mid-Cap Growth ETF 1.4 7 43 3.7 +2.6
WCEO Hypatia Women CEO ETF 1.4 85 -35 -1.3 -2.5
FNK First Trust Mid Cap Value AlphaDEX Fund 1.4 70 -20 12.3 +11.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.4 39 11 10.3 +9.1
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 44 8.4 +7.3
FMDE Fidelity Enhanced Mid Cap ETF 1.3 23 27 5.8 +4.7
BYRE Principal Real Estate Active Opportunities ETF 1.3 65 -15 1.7 +0.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.3 10 40 3.3 +2.2
SFYF SoFi Social 50 ETF 1.3 29 21 0.0 -1.1
STXV Strive 1000 Value ETF 1.3 18 32 7.5 +6.3
ESIX SPDR S&P SmallCap 600 ESG ETF 1.3 12 38 5.9 +4.7
BLES Inspire Global Hope ETF 1.3 61 -11 6.8 +5.7
SIZE iShares MSCI USA Size Factor ETF 1.3 15 35 5.8 +4.7
EUSA iShares MSCI USA Equal Weighted ETF 1.3 9 41 6.0 +4.8
QUVU Hartford Quality Value ETF 1.3 46 4 7.0 +5.8
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.2 80 -30 6.9 +5.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 35 7.3 +6.2
GURU Global X Guru Index ETF 1.2 75 -25 4.2 +3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 46 5.9 +4.8
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 6.3 +5.2
FVAL Fidelity Value Factor ETF 1.2 15 35 7.3 +6.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 11 5.4 +4.3
DGT SPDR Global Dow ETF 1.2 50 0 7.5 +6.3
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.2 30 20 7.9 +6.8
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 38 8.5 +7.4
STXK Strive Small-Cap ETF 1.1 18 32 5.5 +4.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.1 38 12 8.7 +7.5
GVUS Marketbeta Russell 1000 Value Equity ETF 1.1 12 38 6.5 +5.4
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 5.4 +4.3
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 2 4.8 +3.7
XSMO Invesco S&P SmallCap Momentum ETF 1.1 39 11 5.3 +4.1
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.8 +5.7
BGDV Bahl & Gaynor Dividend ETF 1.1 45 5 5.0 +3.8
IWD iShares Russell 1000 Value ETF 1.1 19 31 6.5 +5.3
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.1 49 1 8.7 +7.6
VONV Vanguard Russell 1000 Value ETF 1.1 8 42 6.6 +5.5
REVS Columbia Research Enhanced Value ETF 1.1 19 31 7.6 +6.5
SMMD iShares Russell 2500 ETF 1.1 15 35 6.2 +5.1
USXF iShares ESG Advanced MSCI USA ETF 1.1 10 40 4.9 +3.8
VLUE iShares MSCI USA Value Factor ETF 1.1 15 35 10.2 +9.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.3 +3.2
VEGN US Vegan Climate ETF 1.1 60 -10 4.6 +3.5
FYX First Trust Small Cap Core AlphaDEX Fund 1.0 61 -11 5.9 +4.7
VTWV Vanguard Russell 2000 Value ETF 1.0 15 35 5.9 +4.8
IWN iShares Russell 2000 Value ETF 1.0 24 26 5.8 +4.6
DIVG Invesco S&P 500 High Dividend Growers ETF 1.0 39 11 5.3 +4.2
VO Vanguard Mid-Cap ETF 1.0 4 46 5.6 +4.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 6.1 +5.0
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 32 9.4 +8.3
SCHA Schwab U.S. Small-Cap ETF 1.0 4 46 5.3 +4.2
DIVB iShares Core Dividend ETF 1.0 5 45 7.7 +6.5
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.0 60 -10 1.2 +0.1
RFFC ALPS Active Equity Opportunity ETF 1.0 48 2 4.5 +3.4
ROE Astoria US Quality Kings ETF 1.0 49 1 7.0 +5.9
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 60 -10 8.2 +7.1
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.2 +5.1
SLYV SPDR S&P 600 Small Cap Value ETF 1.0 15 35 9.5 +8.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 15 35 9.3 +8.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.9 15 35 5.7 +4.6
ILCV iShares Morningstar Value ETF 0.9 4 46 6.7 +5.5
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -25 5.4 +4.2
VALQ American Century U.S. Quality Value ETF 0.9 29 21 7.6 +6.5
KLMN Invesco MSCI North America Climate ETF 0.9 9 41 5.3 +4.1
EZM WisdomTree U.S. MidCap Fund 0.9 38 12 9.3 +8.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.9 24 26 7.6 +6.5
CGDV Capital Group Dividend Value ETF 0.9 33 17 4.9 +3.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.9 12 38 6.6 +5.4
IUSV iShares Core S&P US Value ETF 0.9 4 46 6.5 +5.4
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.6 +6.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 -20 2.8 +1.6
VTV Vanguard Value ETF 0.9 4 46 6.9 +5.8
ADME Aptus Drawdown Managed Equity ETF 0.8 79 -29 4.3 +3.2
ISCB iShares Morningstar Small-Cap ETF 0.8 4 46 5.6 +4.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.8 10 40 5.4 +4.2
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 5.0 +3.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -17 10.1 +9.0
IJR iShares Core S&P Small Cap ETF 0.8 6 44 7.3 +6.2
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.8 56 -6 6.3 +5.1
JGLO JPMorgan Global Select Equity ETF 0.8 33 17 5.1 +4.0
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 11 7.0 +5.8
VOOV Vanguard S&P 500 Value ETF 0.8 10 40 6.3 +5.2
IVE iShares S&P 500 Value ETF 0.8 18 32 6.2 +5.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 46 6.4 +5.2
PFM Invesco Dividend Achievers ETF 0.8 53 -3 5.3 +4.2
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 11 8.5 +7.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 1 4.8 +3.7
VXF Vanguard Extended Market ETF 0.8 6 44 4.5 +3.4
SPHB Invesco S&P 500 High Beta ETF 0.8 25 25 5.3 +4.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 10 40 7.2 +6.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 47 7.4 +6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 30 5.5 +4.4
RFV Invesco S&P Midcap 400 Pure Value ETF 0.8 35 15 14.1 +12.9
SVAL iShares US Small Cap Value Factor ETF 0.8 20 30 11.0 +9.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.8 60 -10 2.1 +1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 38 5.1 +4.0
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -5 6.2 +5.1
FQAL Fidelity Quality Factor ETF 0.8 15 35 5.9 +4.8
MGV Vanguard Mega Cap Value ETF 0.7 7 43 6.7 +5.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 5.6 +4.4
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -9 4.4 +3.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.7 15 35 5.1 +3.9
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.7 5 45 7.1 +6.0
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.0 +3.9
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 4.9 +3.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.2 +4.1
VOE Vanguard Mid-Cap Value ETF 0.7 7 43 7.2 +6.1
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 0 7.3 +6.2
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 5.1 +4.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 5.3 +4.1
RSSL Global X Russell 2000 ETF 0.7 8 42 3.6 +2.5
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 7.2 +6.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.7 35 15 4.6 +3.5
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -21 1.1 -0.1
CGDG Capital Group Dividend Growers ETF 0.7 47 3 6.3 +5.2
DSI iShares MSCI KLD 400 Social ETF 0.7 25 25 5.2 +4.1
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 5.0 +3.8
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 5.0 +3.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 11 4.0 +2.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 32 5.1 +4.0
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 8 6.5 +5.3
IWX iShares Russell Top 200 Value ETF 0.6 20 30 6.4 +5.3
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 6.1 +4.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 43 6.2 +5.1
FESM Fidelity Enhanced Small Cap ETF 0.6 28 22 3.8 +2.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 35 5.1 +4.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 15 35 5.3 +4.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 39 5.4 +4.2
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.9 +4.7
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 5.8 +4.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 1 6.0 +4.9
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 41 4.4 +3.3
APUE ActivePassive U.S. Equity ETF 0.6 45 5 4.9 +3.8
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 8 6.9 +5.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 5.2 +4.1
IWV iShares Russell 3000 ETF 0.5 20 30 5.0 +3.9
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 5.1 +4.0
IWB iShares Russell 1000 ETF 0.5 15 35 5.2 +4.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.5 +4.3
VTHR Vanguard Russell 3000 ETF 0.5 10 40 5.2 +4.0
VONE Vanguard Russell 1000 ETF 0.5 8 42 5.3 +4.1
VTI Vanguard Total Stock Market ETF 0.5 3 47 5.2 +4.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 5.1 +4.0
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 5.3 +4.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 5.2 +4.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 4.7 +3.6
PBUS Invesco MSCI USA ETF 0.5 4 46 5.2 +4.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.5 12 38 8.1 +7.0
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 0 8.3 +7.2
IYY iShares Dow Jones U.S. ETF 0.5 20 30 5.1 +4.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 5.3 +4.2
FDLO Fidelity Low Volatility Factor ETF 0.5 15 35 5.4 +4.2
KRMA Global X Conscious Companies ETF 0.5 43 7 6.1 +5.0
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.6 +4.5
QUAL iShares MSCI USA Quality Factor ETF 0.5 15 35 5.3 +4.2
QDF FlexShares Quality Dividend Index Fund 0.5 37 13 6.2 +5.1
RECS Columbia Research Enhanced Core ETF 0.5 15 35 6.2 +5.0
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 5.3 +4.2
VTWO Vanguard Russell 2000 ETF 0.5 10 40 3.8 +2.7
FDMO Fidelity Momentum Factor ETF 0.5 15 35 4.1 +2.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 25 5.9 +4.8
SCHK Schwab 1000 Index ETF 0.5 5 45 5.3 +4.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 5.0 +3.9
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 5.2 +4.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 15 6.9 +5.7
VOO Vanguard S&P 500 ETF 0.5 3 47 5.3 +4.2
IVV iShares Core S&P 500 ETF 0.5 3 47 5.3 +4.2
IWM iShares Russell 2000 ETF 0.5 19 31 3.6 +2.5
SPLG SPDR Portfolio S&P 500 ETF 0.5 2 48 5.3 +4.2
SPY SPDR S&P 500 ETF Trust 0.5 9 41 5.2 +4.1
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 13 5.9 +4.8
USMF WisdomTree U.S. Multifactor Fund 0.5 28 22 6.7 +5.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 20 7.0 +5.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -14 2.4 +1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 6.8 +5.6
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 3.7 +2.5
HLAL Wahed FTSE USA Shariah ETF 0.5 50 0 5.2 +4.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.3 +4.2
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 9.0 +7.8
ACVF American Conservative Values ETF 0.5 75 -25 4.5 +3.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 5.3 +4.1
VOTE TCW Transform 500 ETF 0.5 5 45 5.2 +4.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 7.3 +6.1
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 44 4.1 +3.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 5.2 +4.1
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -15 5.4 +4.2
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.6 +5.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 33 6.0 +4.9
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 5.3 +4.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 21 6.4 +5.3
JEPI JPMorgan Equity Premium Income ETF 0.4 35 15 5.4 +4.3
VV Vanguard Large-Cap ETF 0.4 4 46 5.2 +4.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 5.3 +4.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.4 65 -15 3.0 +1.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 35 6.0 +4.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 15 10.9 +9.8
GSPY Gotham Enhanced 500 ETF 0.4 50 0 5.5 +4.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 15 35 6.0 +4.9
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -30 5.7 +4.6
STRV Strive 500 ETF 0.4 5 45 5.2 +4.0
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.4 +4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 6.1 +4.9
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 32 6.0 +4.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.5 +4.3
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.2 +4.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 4.9 +3.8
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.5 +6.4
RVRB Reverb ETF 0.4 30 20 3.7 +2.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -10 4.7 +3.5
SFY SoFi Select 500 ETF 0.4 0 50 4.8 +3.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.8 +3.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 15 6.1 +4.9
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 32 6.8 +5.7
VBK Vanguard Small-Cap Growth ETF 0.4 7 43 1.7 +0.6
EES WisdomTree U.S. SmallCap Fund 0.4 38 12 9.1 +8.0
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 6.9 +5.8
URTH iShares MSCI World ETF 0.4 24 26 5.5 +4.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 7.4 +6.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 6.0 +4.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 41 5.6 +4.4
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 8.3 +7.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.9 +3.8
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 15 5.6 +4.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 9.8 +8.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 44 2.7 +1.6
VT Vanguard Total World Stock ETF 0.3 7 43 6.3 +5.2
ACWI iShares MSCI ACWI ETF 0.3 32 18 6.0 +4.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 30 7.4 +6.3
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 6.1 +5.0
HDUS Hartford Disciplined US Equity ETF 0.3 19 31 5.9 +4.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 10.2 +9.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.3 52 -2 6.5 +5.4
MGC Vanguard Mega Cap ETF 0.3 7 43 5.1 +4.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.3 59 -9 9.4 +8.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 38 4.5 +3.4
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 5.6 +4.5
OPTZ Optimize Strategy Index ETF 0.3 50 0 5.3 +4.2
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.0 +5.9
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 6.0 +4.8
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.6 +1.4
HLGE Hartford Longevity Economy ETF 0.3 44 6 5.5 +4.4
IWL iShares Russell Top 200 ETF 0.3 15 35 5.1 +3.9
SHE SPDR MSCI USA Gender Diversity ETF 0.3 20 30 5.2 +4.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 -9 6.5 +5.4
ROUS Hartford Multifactor US Equity ETF 0.2 19 31 7.2 +6.1
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 38 5.0 +3.9
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.7 +3.6
STXG Strive 1000 Growth ETF 0.2 18 32 4.2 +3.1
IVW iShares S&P 500 Growth ETF 0.2 18 32 4.5 +3.4
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.7 +3.5
VOOG Vanguard S&P 500 Growth ETF 0.2 10 40 4.6 +3.5
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.8 +4.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.5 +5.4
PSC Principal U.S. Small-Cap ETF 0.2 38 12 6.9 +5.8
JAVA JPMorgan Active Value ETF 0.2 44 6 6.3 +5.2
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.9 +4.7
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -9 2.8 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -25 3.7 +2.6
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -75 6.9 +5.8
VUSE Vident U.S. Equity Strategy ETF 0.2 50 0 4.8 +3.7
OEF iShares S&P 100 ETF 0.1 20 30 5.1 +4.0
RWL Invesco S&P 500 Revenue ETF 0.1 39 11 7.0 +5.9
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.8 +5.7
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 35 5.1 +4.0
HKND Humankind US Stock ETF 0.1 11 39 7.5 +6.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 +4.8
VUG Vanguard Growth ETF 0.1 4 46 4.3 +3.2
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 21 7.3 +6.2
ILCG iShares Morningstar Growth ETF 0.1 4 46 4.1 +3.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.0 +4.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.8 +3.7
IWF iShares Russell 1000 Growth ETF 0.0 19 31 4.8 +3.7
VONG Vanguard Russell 1000 Growth ETF 0.0 8 42 4.9 +3.8
PKW Invesco Buyback Achievers ETF 0.0 62 -12 8.0 +6.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 4.3 +3.1

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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 1.1 %
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.