VanEck Office and Commercial REIT ETF
ALTAR
Score™		 17.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.0x P/Sales
ratio		 3.2x
P/BV
ratio		 0.8x Div.
yield		 3.9%


  • 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) $14,661
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
BOSTON PROPERTIES INC 10.5 %
VORNADO REALTY TRUST 10.2 %
KILROY REALTY CORP 8.8 %
SL GREEN REALTY CORP 7.3 %
COUSINS PROPERTIES INC 7.2 %
PROLOGIS INC 4.8 %
HIGHWOODS PROPERTIES INC 4.4 %
CORPORATE OFFICE PROPERTIES 4.4 %
REALTY INCOME CORP 4.2 %
SIMON PROPERTY GROUP INC 4.2 %
Total 66.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.3% -10.6% -- -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 33%
MSCI EAFE 0.27 3%
MSCI Emg. Mkts. 0.09 0%

Technical Indicators
Recent close $39.55
30d moving avg. $40.76
Annualized volatility 18.5%
Short interest (ETF) 1.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 435 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™: 17.3%


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 28.2 53 -3 8.4 -8.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 22.9 11 39 8.1 -9.3
RWR SPDR Dow Jones REIT ETF 22.4 25 25 7.7 -9.6
USRT iShares Core U.S. REIT ETF 21.5 8 42 8.0 -9.3
FRI First Trust S&P REIT Index Fund 21.3 50 0 7.6 -9.7
DFAR Dimensional US Real Estate ETF 20.8 19 31 8.3 -9.0
SCHH Schwab U.S. REIT ETF 20.3 7 43 8.3 -9.0
FREL Fidelity MSCI Real Estate Index ETF 19.7 8 42 7.7 -9.6
IYR iShares U.S. Real Estate ETF 18.7 40 10 7.6 -9.7
VNQ Vanguard Real Estate ETF 18.4 13 37 7.6 -9.7
RWO SPDR Dow Jones Global Real Estate ETF 18.1 50 0 7.0 -10.3
ICF iShares Cohen & Steers REIT ETF 17.9 33 17 8.0 -9.3
ERET iShares Environmentally Aware Real Estate ETF 17.5 30 20 7.3 -10.1
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 17.5 40 10 8.3 -9.0
XLRE Real Estate Select Sector SPDR Fund 17.0 8 42 7.9 -9.4
JRE Janus Henderson U.S. Real Estate ETF 16.9 65 -15 7.9 -9.4
REET iShares Global REIT ETF 16.7 14 36 7.5 -9.8
VGSR Vert Global Sustainable Real Estate ETF 16.2 47 3 7.6 -9.7
DFGR Dimensional Global Real Estate ETF 16.0 22 28 7.7 -9.6
GQRE FlexShares Global Quality Real Estate Index Fund 15.2 45 5 8.0 -9.3
BLDG Cambria Global Real Estate ETF 15.2 60 -10 11.6 -5.8
AVRE Avantis Real Estate ETF 14.3 17 33 7.3 -10.0
JPRE JPMorgan Realty Income ETF 13.4 50 0 8.8 -8.5
RIET Hoya Capital High Dividend Yield ETF 12.7 50 0 53.0 +35.7
PSR Invesco Active U.S. Real Estate Fund 12.4 35 15 7.9 -9.4
IVRA Invesco Real Assets ESG ETF 12.1 59 -9 6.5 -10.8
RITA ETFB Green SRI REITs ETF 10.4 50 0 5.7 -11.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 9.5 35 15 7.3 -10.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.2 30 20 10.4 -6.9
INDS Pacer Industrial Real Estate ETF 9.0 55 -5 6.7 -10.6
ICAP InfraCap Equity Income Fund ETF 8.9 171 -121 4.8 -12.5
IQRA IQ CBRE Real Assets ETF 8.7 65 -15 5.7 -11.6
FPRO Fidelity Real Estate Investment ETF 8.4 59 -9 6.7 -10.6
NETL NETLease Corporate Real Estate ETF 6.9 60 -10 8.6 -8.7
IRET iREIT - MarketVector Quality REIT Index ETF 6.7 60 -10 7.2 -10.1
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.5 7 43 11.1 -6.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.3 60 -10 5.9 -11.4
REAI Intelligent Real Estate ETF 6.3 59 -9 4.4 -12.9
SRET Global X SuperDividend REIT ETF 6.1 59 -9 12.2 -5.1
RDOG ALPS REIT Dividend Dogs ETF 5.2 35 15 10.6 -6.8
BIBL Inspire 100 ETF 4.8 35 15 5.2 -12.1
SPRE SP Funds S&P Global REIT Sharia ETF 4.8 55 -5 6.2 -11.1
MBCC Monarch Blue Chips Core ETF 4.2 125 -75 4.3 -13.0
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 4.2 60 -10 6.1 -11.3
TBG TBG Dividend Focus ETF 4.2 59 -9 7.9 -9.4
XMLV Invesco S&P MidCap Low Volatility ETF 4.0 25 25 7.3 -10.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.8 27 23 7.3 -10.0
SPDV AAM S&P 500 High Dividend Value ETF 3.8 29 21 12.1 -5.2
NIXT Research Affiliates Deletions ETF 3.7 9 41 8.4 -8.9
PSCF Invesco S&P SmallCap Financials ETF 3.5 29 21 10.0 -7.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.5 25 25 8.0 -9.3
DIV Global X SuperDividend US ETF 3.4 45 5 10.8 -6.5
NUMV Nuveen ESG Mid-Cap Value ETF 3.4 31 19 7.0 -10.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.3 70 -20 5.1 -12.3
ERTH Invesco MSCI Sustainable Future ETF 3.2 62 -12 3.3 -14.0
VRAI Virtus Real Asset Income ETF 3.2 55 -5 10.7 -6.6
FDVV Fidelity High Dividend ETF 3.0 15 35 7.7 -9.6
CVAR Cultivar ETF 2.9 87 -37 7.1 -10.2
BEEX BeeHive ETF 2.8 84 -34 4.3 -13.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.8 39 11 11.7 -5.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.8 15 35 7.9 -9.4
DEW WisdomTree Global High Dividend Fund 2.7 58 -8 8.4 -9.0
DON WisdomTree U.S. MidCap Dividend Fund 2.7 38 12 9.3 -8.0
ABLD Abacus FCF Real Assets Leaders ETF 2.6 69 -19 6.7 -10.6
FCPI Fidelity Stocks for Inflation ETF 2.6 15 35 7.8 -9.5
IJJ iShares S&P Mid-Cap 400 Value ETF 2.6 18 32 8.8 -8.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.6 24 26 8.3 -9.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.5 60 -10 4.2 -13.2
DEMZ Democratic Large Cap Core ETF 2.5 45 5 4.4 -12.9
ETHO Etho Climate Leadership U.S. ETF 2.5 47 3 5.6 -11.7
SDY SPDR S&P Dividend ETF 2.5 35 15 6.9 -10.4
MDYV SPDR S&P 400 Mid Cap Value ETF 2.5 15 35 8.8 -8.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.4 10 40 8.9 -8.4
PFI Invesco Dorsey Wright Financial Momentum ETF 2.4 60 -10 5.0 -12.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.4 15 35 8.1 -9.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.4 29 21 8.4 -9.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.3 15 35 6.2 -11.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.2 25 25 5.6 -11.7
SPLV Invesco S&P 500 Low Volatility ETF 2.2 25 25 5.6 -11.7
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.2 60 -10 8.0 -9.3
VBR Vanguard Small Cap Value ETF 2.2 7 43 9.2 -8.1
ISMD Inspire Small/Mid Cap ETF 2.2 54 -4 5.6 -11.7
XMVM Invesco S&P MidCap Value with Momentum ETF 2.1 39 11 9.8 -7.5
JHDV John Hancock U.S. High Dividend ETF 2.1 34 16 6.7 -10.6
DHS WisdomTree U.S. High Dividend Fund 2.1 38 12 8.3 -9.0
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 35 7.0 -10.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.0 60 -10 6.7 -10.6
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 16 4.2 -13.1
ONEY SPDR Russell 1000 Yield Focus ETF 2.0 20 30 10.3 -7.0
ULVM VictoryShares US Value Momentum ETF 2.0 20 30 7.4 -9.9
SWP SWP Growth & Income ETF 1.9 99 -49 4.2 -13.1
IWS iShares Russell Mid-Cap Value ETF 1.9 23 27 7.2 -10.1
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 21 7.5 -9.9
STXM Strive Mid-Cap ETF 1.9 18 32 6.5 -10.8
NUDV Nuveen ESG Dividend ETF 1.9 26 24 7.7 -9.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.8 6 44 8.3 -9.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.8 18 32 7.9 -9.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.8 4 46 6.1 -11.3
PY Principal Value ETF 1.8 15 35 7.3 -10.0
FNDA Schwab Fundamental US Small Co. Index ETF 1.8 25 25 9.0 -8.3
XSLV Invesco S&P SmallCap Low Volatility ETF 1.8 25 25 9.1 -8.2
HGRO Hedgeye Quality Growth ETF 1.7 70 -20 3.3 -14.0
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 30 7.2 -10.1
SMLF iShares U.S. SmallCap Equity Factor ETF 1.7 15 35 6.0 -11.3
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 37 5.9 -11.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.7 80 -30 8.2 -9.1
PTL Inspire 500 ETF 1.7 9 41 5.4 -12.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.6 9 41 4.0 -13.3
JPEF JPMorgan Equity Focus ETF 1.6 50 0 4.4 -12.9
XJH iShares ESG Screened S&P Mid-Cap ETF 1.6 12 38 7.3 -10.0
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 6.6 -10.7
SCHM Schwab U.S. Mid-Cap ETF 1.6 4 46 7.1 -10.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.6 73 -23 12.1 -5.2
WCEO Hypatia Women CEO ETF 1.6 85 -35 3.1 -14.2
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.6 55 -5 4.0 -13.3
IWR iShares Russell Midcap ETF 1.5 19 31 6.3 -11.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.5 14 36 4.9 -12.4
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 44 9.5 -7.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.5 15 35 7.4 -9.9
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 6.4 -10.9
BYRE Principal Real Estate Active Opportunities ETF 1.5 65 -15 6.8 -10.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 15 6.4 -11.0
NUSC Nuveen ESG Small-Cap ETF 1.5 31 19 5.3 -12.0
CALF Pacer US Small Cap Cash Cows 100 ETF 1.4 59 -9 10.6 -6.7
FLDZ RiverNorth Patriot ETF 1.4 75 -25 6.4 -10.9
DLN WisdomTree U.S. LargeCap Dividend Fund 1.4 28 22 6.0 -11.3
MDY SPDR S&P Midcap 400 ETF Trust 1.4 24 26 7.2 -10.2
IJH iShares Core S&P Mid-Cap ETF 1.4 5 45 7.4 -10.0
VOT Vanguard Mid-Cap Growth ETF 1.4 7 43 3.4 -13.9
SFYX SoFi Next 500 ETF 1.4 0 50 6.0 -11.3
BDIV AAM Brentview Dividend Growth ETF 1.4 49 1 4.6 -12.7
GURU Global X Guru Index ETF 1.4 75 -25 3.1 -14.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.4 30 20 17.4 +0.1
VB Vanguard Small-Cap ETF 1.4 5 45 6.2 -11.1
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 27 5.9 -11.4
IVOO Vanguard S&P Mid-Cap 400 ETF 1.4 7 43 7.4 -9.9
DGT SPDR Global Dow ETF 1.4 50 0 6.6 -10.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.4 3 47 7.3 -10.0
GOP Unusual Whales Subversive Republican Trading ETF 1.4 50 0 5.4 -11.9
VLUE iShares MSCI USA Value Factor ETF 1.4 15 35 9.0 -8.3
EUSA iShares MSCI USA Equal Weighted ETF 1.3 9 41 6.3 -11.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.3 10 40 4.4 -12.9
DES WisdomTree U.S. SmallCap Dividend Fund 1.3 38 12 9.5 -7.8
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.3 55 -5 10.4 -6.9
SIZE iShares MSCI USA Size Factor ETF 1.3 15 35 6.1 -11.2
HAPY Harbor Human Capital Factor Unconstrained ETF 1.3 50 0 5.8 -11.5
QUVU Hartford Quality Value ETF 1.3 46 4 7.6 -9.7
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.3 80 -30 6.9 -10.4
XOEF iShares S&P 500 ex S&P 100 ETF 1.3 20 30 5.7 -11.6
BKSE BNY Mellon US Small Cap Core Equity ETF 1.3 4 46 5.9 -11.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.3 49 1 9.3 -8.1
BLES Inspire Global Hope ETF 1.3 61 -11 6.8 -10.5
IMCB iShares Morningstar Mid-Cap ETF 1.3 4 46 6.2 -11.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.3 30 20 8.2 -9.1
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 38 8.0 -9.3
DIVG Invesco S&P 500 High Dividend Growers ETF 1.2 39 11 8.6 -8.7
FVAL Fidelity Value Factor ETF 1.2 15 35 6.8 -10.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.2 10 40 4.3 -13.0
SPVM Invesco S&P 500 Value with Momentum ETF 1.2 39 11 7.6 -9.7
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 6.8 -10.5
REVS Columbia Research Enhanced Value ETF 1.2 19 31 7.9 -9.5
WDIV SPDR S&P Global Dividend ETF 1.1 40 10 8.9 -8.4
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.1 25 25 12.5 -4.8
GVUS Marketbeta Russell 1000 Value Equity ETF 1.1 12 38 6.6 -10.7
YALL God Bless America ETF 1.1 65 -15 4.5 -12.8
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.1 12 38 6.1 -11.2
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.8 -10.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.6 -12.8
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 7.0 -10.3
VEGN US Vegan Climate ETF 1.1 60 -10 4.5 -12.8
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 2 4.5 -12.8
CHGX AXS Change Finance ESG ETF 1.0 49 1 5.2 -12.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 6.2 -11.1
STXK Strive Small-Cap ETF 1.0 18 32 6.1 -11.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.0 17 33 6.0 -11.3
IWD iShares Russell 1000 Value ETF 1.0 19 31 6.5 -10.8
VONV Vanguard Russell 1000 Value ETF 1.0 7 43 6.6 -10.7
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 35 5.4 -11.9
PRXV Praxis Impact Large Cap Value ETF 1.0 36 14 6.8 -10.6
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.2 -11.1
SMMD iShares Russell 2500 ETF 1.0 15 35 6.9 -10.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.0 24 26 7.6 -9.7
SFYF SoFi Social 50 ETF 1.0 29 21 1.0 -16.3
FNK First Trust Mid Cap Value AlphaDEX Fund 1.0 70 -20 11.1 -6.2
VALQ American Century U.S. Quality Value ETF 1.0 29 21 8.0 -9.3
EZM WisdomTree U.S. MidCap Fund 1.0 38 12 8.9 -8.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 35 7.8 -9.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -11 5.9 -11.4
VTWV Vanguard Russell 2000 Value ETF 0.9 10 40 7.9 -9.4
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 15 13.4 -3.9
IWN iShares Russell 2000 Value ETF 0.9 24 26 7.8 -9.5
ISCB iShares Morningstar Small-Cap ETF 0.9 4 46 6.3 -11.0
SCHA Schwab U.S. Small-Cap ETF 0.9 4 46 6.3 -11.0
VO Vanguard Mid-Cap ETF 0.9 4 46 6.0 -11.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.9 12 38 7.6 -9.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.9 20 30 5.6 -11.7
BLCV iShares Large Cap Value Active ETF 0.9 53 -3 7.6 -9.7
IUSV iShares Core S&P US Value ETF 0.9 4 46 6.4 -10.9
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -56 11.9 -5.4
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 6.9 -10.4
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.9 56 -6 6.3 -11.0
CGDV Capital Group Dividend Value ETF 0.9 33 17 4.6 -12.7
VTV Vanguard Value ETF 0.9 4 46 6.9 -10.4
STXV Strive 1000 Value ETF 0.9 18 32 8.3 -9.0
FUNL CornerCap Fundametrics Large-Cap ETF 0.9 50 0 7.2 -10.1
DIVB iShares Core Dividend ETF 0.9 5 45 8.4 -9.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.9 10 40 5.2 -12.1
FVD First Trust Value Line Dividend Index Fund 0.8 65 -15 6.3 -11.0
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 4.8 -12.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.8 12 38 8.3 -9.0
ROSC Hartford Multifactor Small Cap ETF 0.8 34 16 9.3 -8.0
KLMN Invesco MSCI North America Climate ETF 0.8 9 41 5.0 -12.3
ILCV iShares Morningstar Value ETF 0.8 4 46 6.4 -10.9
MGV Vanguard Mega Cap Value ETF 0.8 7 43 6.5 -10.8
IVE iShares S&P 500 Value ETF 0.8 18 32 6.2 -11.1
VOOV Vanguard S&P 500 Value ETF 0.8 7 43 6.3 -11.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 46 6.3 -11.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 11 5.8 -11.5
MAGA Point Bridge America First ETF 0.8 72 -22 6.4 -10.9
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.8 19 31 5.5 -11.9
USXF iShares ESG Advanced MSCI USA ETF 0.8 10 40 4.8 -12.6
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 45 8.2 -9.1
FQAL Fidelity Quality Factor ETF 0.8 15 35 5.7 -11.6
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 4.2 -13.1
JGLO JPMorgan Global Select Equity ETF 0.8 33 17 5.0 -12.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 1 5.9 -11.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 44 4.1 -13.2
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.0 -12.3
PFM Invesco Dividend Achievers ETF 0.7 53 -3 5.4 -11.9
CGDG Capital Group Dividend Growers ETF 0.7 47 3 6.1 -11.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.1 -12.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.7 15 35 4.8 -12.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 1 4.9 -12.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 15 7.2 -10.2
VXF Vanguard Extended Market ETF 0.7 5 45 4.7 -12.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 5.1 -12.3
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -9 4.3 -13.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 -9 2.0 -15.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 5.0 -12.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 5.6 -11.7
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 4.8 -12.5
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 7.5 -9.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 43 5.9 -11.4
FESM Fidelity Enhanced Small Cap ETF 0.7 28 22 6.9 -10.4
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 4.9 -12.4
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 8 6.3 -11.0
IJS iShares S&P Small-Cap 600 Value ETF 0.7 18 32 10.0 -7.4
SDIV Global X Superdividend ETF 0.7 58 -8 42.0 +24.7
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 11 6.8 -10.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 38 7.7 -9.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.7 35 15 5.2 -12.1
QDF FlexShares Quality Dividend Index Fund 0.7 37 13 6.3 -11.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 4.9 -12.4
DSPY Tema S&P 500 Historical Weight ETF 0.6 18 32 5.2 -12.1
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 5.4 -11.9
RSSL Global X Russell 2000 ETF 0.6 8 42 4.2 -13.1
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.3 -12.0
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 13 6.2 -11.1
SGLC SGI U.S. Large Cap Core ETF 0.6 85 -35 4.1 -13.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.6 10 40 9.9 -7.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 15 9.9 -7.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.6 15 35 10.0 -7.3
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -17 10.2 -7.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 14 11.1 -6.2
IJR iShares Core S&P Small Cap ETF 0.6 6 44 7.7 -9.6
ESGV Vanguard ESG U.S. Stock ETF 0.6 9 41 4.8 -12.6
DSI iShares MSCI KLD 400 Social ETF 0.6 25 25 4.8 -12.5
IWX iShares Russell Top 200 Value ETF 0.6 20 30 6.1 -11.2
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 -15 8.4 -8.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.6 25 25 5.6 -11.8
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 8 6.8 -10.5
AFLG First Trust Active Factor Large Cap ETF 0.6 55 -5 6.4 -10.9
TOPC iShares S&P 500 3% Capped ETF 0.6 15 35 5.1 -12.2
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 5.6 -11.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 43 7.7 -9.6
KRMA Global X Conscious Companies ETF 0.6 43 7 6.0 -11.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 47 7.8 -9.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 -10 7.0 -10.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 4.9 -12.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 15 10.4 -7.0
RECS Columbia Research Enhanced Core ETF 0.5 15 35 5.8 -11.5
FDMO Fidelity Momentum Factor ETF 0.5 15 35 3.6 -13.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 11 4.4 -12.9
EES WisdomTree U.S. SmallCap Fund 0.5 38 12 8.9 -8.4
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.4 -12.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 32 5.6 -11.7
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 23 9.3 -8.1
VOE Vanguard Mid-Cap Value ETF 0.5 7 43 7.8 -9.5
FDLO Fidelity Low Volatility Factor ETF 0.5 15 35 5.5 -11.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 4.9 -12.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 6.8 -10.5
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 30 5.1 -12.2
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 -10 10.4 -6.9
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 4.8 -12.5
USMF WisdomTree U.S. Multifactor Fund 0.5 28 22 7.4 -9.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 20 6.9 -10.4
CHRI Global X S&P 500 Christian Values ETF 0.5 29 21 4.6 -12.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 40 5.7 -11.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.5 15 35 5.6 -11.7
VONE Vanguard Russell 1000 ETF 0.5 7 43 4.9 -12.4
IWB iShares Russell 1000 ETF 0.5 15 35 4.8 -12.5
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 5.0 -12.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.7 -12.7
IWV iShares Russell 3000 ETF 0.5 20 30 4.7 -12.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 9 41 4.6 -12.7
VTHR Vanguard Russell 3000 ETF 0.5 7 43 4.9 -12.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.1 -12.2
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.9 -12.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.9 -12.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 39 5.0 -12.3
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.8 -12.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 21 6.5 -10.8
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 4.9 -12.4
PBUS Invesco MSCI USA ETF 0.5 4 46 4.9 -12.5
SCHK Schwab 1000 Index ETF 0.5 5 45 5.0 -12.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 4.7 -12.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 4.8 -12.5
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -15 6.5 -10.8
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.8 -10.5
IVV iShares Core S&P 500 ETF 0.5 3 47 4.9 -12.4
SPY SPDR S&P 500 ETF Trust 0.5 9 41 4.9 -12.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 7.4 -9.9
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 6.2 -11.1
VOO Vanguard S&P 500 ETF 0.5 3 47 4.9 -12.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.0 -12.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 32 6.6 -10.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -14 1.1 -16.2
VTWO Vanguard Russell 2000 ETF 0.5 7 43 4.3 -13.0
RAUS RACWI US ETF 0.5 15 35 4.8 -12.5
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 4.8 -12.5
ACVF American Conservative Values ETF 0.5 75 -25 4.3 -13.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 4.8 -12.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 4.9 -12.4
VOTE TCW Transform 500 ETF 0.5 5 45 4.9 -12.5
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -30 6.3 -11.0
APUE ActivePassive U.S. Equity ETF 0.4 45 5 4.7 -12.6
IWM iShares Russell 2000 ETF 0.4 19 31 4.2 -13.1
HLAL Wahed FTSE USA Shariah ETF 0.4 50 0 4.7 -12.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 0 8.9 -8.4
SPXM Azoria 500 Meritocracy ETF 0.4 47 3 4.5 -12.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 5.0 -12.3
JEPI JPMorgan Equity Premium Income ETF 0.4 35 15 5.8 -11.5
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.5 -9.8
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 4.9 -12.4
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 27 3.3 -14.0
GXLC Global X U.S. 500 ETF 0.4 2 48 4.9 -12.5
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.0 -12.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 15 6.2 -11.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.1 -12.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.6 -12.8
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 6.9 -10.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 33 5.9 -11.4
VV Vanguard Large-Cap ETF 0.4 4 46 4.8 -12.5
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 32 6.8 -10.5
STRV Strive 500 ETF 0.4 5 45 4.8 -12.5
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 7.2 -10.1
VBK Vanguard Small-Cap Growth ETF 0.4 7 43 1.8 -15.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 10 40 6.0 -11.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 5.5 -11.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 35 6.0 -11.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 41 5.3 -12.0
TOV JLens 500 Jewish Advocacy U.S. ETF 0.4 18 32 4.7 -12.7
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.0 -12.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 7.3 -10.0
RVRB Reverb ETF 0.4 30 20 4.6 -12.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 5 4.4 -12.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 -10 -1.0 -18.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 4.7 -12.6
HDUS Hartford Disciplined US Equity ETF 0.4 19 31 5.7 -11.6
URTH iShares MSCI World ETF 0.3 24 26 5.0 -12.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 5.5 -11.8
XSMO Invesco S&P SmallCap Momentum ETF 0.3 39 11 4.5 -12.8
STXG Strive 1000 Growth ETF 0.3 18 32 3.8 -13.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 -10 7.5 -9.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 44 3.0 -14.3
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 5.7 -11.6
SFY SoFi Select 500 ETF 0.3 0 50 4.4 -12.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 30 8.2 -9.1
GSPY Gotham Enhanced 500 ETF 0.3 50 0 5.1 -12.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.3 52 -2 6.3 -11.0
QUAL iShares MSCI USA Quality Factor ETF 0.3 15 35 5.5 -11.8
VT Vanguard Total World Stock ETF 0.3 6 44 5.7 -11.6
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 5.3 -12.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 9.9 -7.4
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.4 -11.9
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 6.0 -11.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 10.0 -7.3
MGC Vanguard Mega Cap ETF 0.3 7 43 4.6 -12.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 38 4.0 -13.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -20 2.2 -15.1
HLGE Hartford Longevity Economy ETF 0.3 44 6 6.2 -11.1
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.3 60 -10 5.3 -12.1
ROUS Hartford Multifactor US Equity ETF 0.3 19 31 7.0 -10.3
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.6 -9.8
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.5 -14.8
IWL iShares Russell Top 200 ETF 0.2 15 35 4.5 -12.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 21 4.7 -12.6
PSC Principal U.S. Small-Cap ETF 0.2 38 12 7.0 -10.3
SFTY Horizon Managed Risk ETF 0.2 77 -27 4.1 -13.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.4 -11.0
DAK Dakota Active Equity ETF 0.2 43 7 4.5 -12.9
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 -11.6
STOX Horizon Core Equity ETF 0.2 70 -20 4.1 -13.2
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.7 -11.6
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.2 -13.1
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 35 4.7 -12.6
IVW iShares S&P 500 Growth ETF 0.2 18 32 4.0 -13.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.1 -13.2
VOOG Vanguard S&P 500 Growth ETF 0.2 7 43 4.1 -13.2
JAVA JPMorgan Active Value ETF 0.2 44 6 6.4 -10.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -25 4.0 -13.3
OPTZ Optimize Strategy Index ETF 0.2 50 0 4.8 -12.5
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 6.8 -10.5
OEF iShares S&P 100 ETF 0.1 20 30 4.4 -12.9
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.8 -13.5
HKND Humankind US Stock ETF 0.1 11 39 7.3 -10.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.1 71 -21 -1.6 -18.9
VUG Vanguard Growth ETF 0.1 4 46 4.1 -13.2
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.7 -10.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.8 -11.5
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 21 7.0 -10.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 -9 5.9 -11.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.0 -11.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.6 -12.7
EBI Longview Advantage ETF 0.1 35 15 6.7 -10.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 30 6.2 -11.1
PKW Invesco Buyback Achievers ETF 0.1 62 -12 8.2 -9.1
IWF iShares Russell 1000 Growth ETF 0.0 19 31 4.3 -13.1
VONG Vanguard Russell 1000 Growth ETF 0.0 7 43 4.4 -12.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.7 -13.6
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 25 5.2 -12.1
IWO iShares Russell 2000 Growth ETF 0.0 24 26 0.8 -16.5
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 40 1.0 -16.3
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 8 4.4 -12.9
AVUQ Avantis U.S. Quality ETF 0.0 15 35 4.4 -12.9

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 13.2 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 17.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.84 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.