VanEck Office and Commercial REIT ETF
ALTAR
Score™		 12.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.6x P/Sales
ratio		 4.0x
P/BV
ratio		 1.0x Div.
yield		 3.7%


  • 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) $12,684
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 9.8 %
VORNADO REALTY TRUST 9.7 %
KILROY REALTY CORP 9.4 %
SL GREEN REALTY CORP 8.6 %
COUSINS PROPERTIES INC 8.3 %
DOUGLAS EMMETT INC 4.6 %
CORPORATE OFFICE PROPERTIES 4.5 %
HIGHWOODS PROPERTIES INC 4.3 %
SIMON PROPERTY GROUP INC 4.2 %
PROLOGIS INC 3.9 %
Total 67.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










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.
-3.1% -0.9% -- -- 14.9%

Market Correlations
versus... Beta R-squared
S&P500 0.97 37%
MSCI EAFE 0.26 3%
MSCI Emg. Mkts. 0.00 0%

Technical Indicators
Recent close $43.78
30d moving avg. $40.54
Annualized volatility 18.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 2.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 426 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 29.2 53 -3 7.8 -4.9
RWR SPDR Dow Jones REIT ETF 22.7 25 25 7.5 -5.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 22.4 11 39 7.8 -4.9
FRI First Trust S&P REIT Index Fund 21.5 50 0 7.3 -5.3
USRT iShares Core U.S. REIT ETF 21.5 8 42 7.8 -4.9
DFAR Dimensional US Real Estate ETF 20.6 19 31 8.0 -4.7
SCHH Schwab U.S. REIT ETF 20.5 7 43 8.0 -4.7
FREL Fidelity MSCI Real Estate Index ETF 19.4 8 42 7.5 -5.2
IYR iShares U.S. Real Estate ETF 18.7 40 10 7.4 -5.3
VNQ Vanguard Real Estate ETF 18.6 13 37 7.3 -5.4
RWO SPDR Dow Jones Global Real Estate ETF 18.1 50 0 6.9 -5.8
ICF iShares Cohen & Steers REIT ETF 17.8 33 17 7.9 -4.8
ERET iShares Environmentally Aware Real Estate ETF 17.5 30 20 7.2 -5.5
REET iShares Global REIT ETF 17.4 14 36 7.3 -5.3
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 17.1 40 10 7.7 -4.9
JRE Janus Henderson U.S. Real Estate ETF 17.0 65 -15 7.6 -5.1
BLDG Cambria Global Real Estate ETF 16.6 60 -10 11.4 -1.3
DFGR Dimensional Global Real Estate ETF 16.1 22 28 7.4 -5.3
VGSR Vert Global Sustainable Real Estate ETF 15.7 47 3 7.3 -5.4
XLRE Real Estate Select Sector SPDR Fund 15.5 8 42 7.5 -5.2
PSR Invesco Active U.S. Real Estate Fund 14.8 35 15 7.9 -4.8
GQRE FlexShares Global Quality Real Estate Index Fund 14.8 45 5 7.7 -5.0
AVRE Avantis Real Estate ETF 14.0 17 33 7.1 -5.6
JPRE JPMorgan Realty Income ETF 13.3 50 0 8.2 -4.5
RIET Hoya Capital High Dividend Yield ETF 11.6 50 0 47.8 +35.1
IVRA Invesco Real Assets ESG ETF 11.4 59 -9 6.2 -6.4
IRET iREIT - MarketVector Quality REIT Index ETF 11.2 60 -10 7.0 -5.7
ICAP InfraCap Equity Income Fund ETF 10.5 171 -121 6.1 -6.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 9.6 35 15 8.3 -4.4
IQRA IQ CBRE Real Assets ETF 9.4 65 -15 5.7 -7.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.4 30 20 8.9 -3.7
INDS Pacer Industrial Real Estate ETF 8.5 55 -5 6.8 -5.9
FPRO Fidelity Real Estate Investment ETF 7.2 59 -9 6.5 -6.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.7 60 -10 6.8 -5.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.4 60 -10 6.0 -6.6
REAI Intelligent Real Estate ETF 6.4 59 -9 14.5 +1.8
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.4 7 43 9.8 -2.9
RITA ETFB Green SRI REITs ETF 6.2 50 0 5.9 -6.8
NETL NETLease Corporate Real Estate ETF 6.0 60 -10 8.2 -4.4
SRET Global X SuperDividend REIT ETF 5.5 59 -9 11.9 -0.8
XMLV Invesco S&P MidCap Low Volatility ETF 5.3 25 25 7.5 -5.2
SPRE SP Funds S&P Global REIT Sharia ETF 5.2 55 -5 6.0 -6.6
RDOG ALPS REIT Dividend Dogs ETF 4.9 35 15 9.3 -3.4
BIBL Inspire 100 ETF 4.8 35 15 5.1 -7.6
NIXT Research Affiliates Deletions ETF 4.3 9 41 8.7 -4.0
VRAI Virtus Real Asset Income ETF 4.3 55 -5 10.1 -2.6
TBG TBG Dividend Focus ETF 4.2 59 -9 7.9 -4.8
MBCC Monarch Blue Chips Core ETF 4.2 125 -75 4.2 -8.5
SPDV AAM S&P 500 High Dividend Value ETF 3.9 29 21 10.4 -2.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.8 27 23 7.0 -5.7
PSCF Invesco S&P SmallCap Financials ETF 3.7 29 21 9.0 -3.6
ERTH Invesco MSCI Sustainable Future ETF 3.6 62 -12 3.7 -9.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.5 25 25 7.8 -4.9
NUMV Nuveen ESG Mid-Cap Value ETF 3.4 31 19 6.9 -5.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 3.1 60 -10 5.3 -7.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.1 70 -20 4.8 -7.9
IJJ iShares S&P Mid-Cap 400 Value ETF 3.0 18 32 8.7 -4.0
FDVV Fidelity High Dividend ETF 3.0 15 35 7.6 -5.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.9 10 40 8.8 -3.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.9 15 35 8.7 -4.0
DON WisdomTree U.S. MidCap Dividend Fund 2.9 38 12 8.8 -3.9
CVAR Cultivar ETF 2.9 87 -37 6.8 -5.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.8 39 11 11.5 -1.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.8 15 35 7.8 -4.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.8 24 26 8.0 -4.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.8 15 35 7.5 -5.1
DEW WisdomTree Global High Dividend Fund 2.7 58 -8 8.3 -4.4
ETHO Etho Climate Leadership U.S. ETF 2.7 47 3 5.3 -7.4
ABLD Abacus FCF Real Assets Leaders ETF 2.6 69 -19 6.7 -6.0
BEEX BeeHive ETF 2.6 84 -34 4.2 -8.4
FCPI Fidelity Stocks for Inflation ETF 2.6 15 35 7.4 -5.3
VBR Vanguard Small Cap Value ETF 2.6 7 43 9.0 -3.6
SDY SPDR S&P Dividend ETF 2.5 35 15 6.6 -6.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.4 29 21 8.2 -4.5
PFI Invesco Dorsey Wright Financial Momentum ETF 2.3 60 -10 6.5 -6.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.3 60 -10 9.1 -3.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.3 15 35 5.9 -6.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.2 60 -10 4.9 -7.8
STXM Strive Mid-Cap ETF 2.2 18 32 6.1 -6.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.2 25 25 5.4 -7.3
SPLV Invesco S&P 500 Low Volatility ETF 2.2 25 25 5.3 -7.3
ONEY SPDR Russell 1000 Yield Focus ETF 2.2 20 30 9.5 -3.2
WDIV SPDR S&P Global Dividend ETF 2.2 40 10 9.2 -3.5
XMVM Invesco S&P MidCap Value with Momentum ETF 2.2 39 11 9.4 -3.2
DEMZ Democratic Large Cap Core ETF 2.2 45 5 4.5 -8.2
JHDV John Hancock U.S. High Dividend ETF 2.1 34 16 6.5 -6.1
DHS WisdomTree U.S. High Dividend Fund 2.1 38 12 8.0 -4.6
IWS iShares Russell Mid-Cap Value ETF 2.1 23 27 6.7 -6.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.0 80 -30 7.8 -4.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.0 4 46 6.1 -6.6
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 35 7.0 -5.7
ULVM VictoryShares US Value Momentum ETF 2.0 20 30 7.2 -5.4
XJH iShares ESG Screened S&P Mid-Cap ETF 2.0 12 38 7.0 -5.6
FNDA Schwab Fundamental US Small Co. Index ETF 2.0 25 25 8.2 -4.5
NUSC Nuveen ESG Small-Cap ETF 1.9 31 19 5.3 -7.4
EQAL Invesco Russell 1000 Equal Weight ETF 1.9 20 30 6.8 -5.9
ISMD Inspire Small/Mid Cap ETF 1.9 54 -4 5.5 -7.2
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 21 6.2 -6.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.9 6 44 8.0 -4.6
NUDV Nuveen ESG Dividend ETF 1.9 26 24 7.6 -5.0
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 35 7.2 -5.5
SMLF iShares U.S. SmallCap Equity Factor ETF 1.8 15 35 5.8 -6.9
MDY SPDR S&P Midcap 400 ETF Trust 1.8 24 26 7.1 -5.6
IJH iShares Core S&P Mid-Cap ETF 1.8 5 45 7.3 -5.4
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 46 6.6 -6.1
DIV Global X SuperDividend US ETF 1.8 45 5 11.9 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.8 18 32 7.6 -5.1
PY Principal Value ETF 1.8 15 35 7.2 -5.5
SWP SWP Growth & Income ETF 1.8 99 -49 4.0 -8.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.8 7 43 7.4 -5.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 47 7.3 -5.4
XSLV Invesco S&P SmallCap Low Volatility ETF 1.7 25 25 7.4 -5.2
PTL Inspire 500 ETF 1.7 9 41 5.1 -7.6
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 37 5.7 -7.0
SFYX SoFi Next 500 ETF 1.7 0 50 5.7 -7.0
IWR iShares Russell Midcap ETF 1.7 19 31 5.7 -6.9
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 44 9.2 -3.5
VB Vanguard Small-Cap ETF 1.6 5 45 6.1 -6.6
FLDZ RiverNorth Patriot ETF 1.6 75 -25 6.1 -6.6
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 6.4 -6.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.6 9 41 4.2 -8.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 20 13.0 +0.3
WCEO Hypatia Women CEO ETF 1.6 85 -35 3.7 -8.9
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.6 55 -5 4.3 -8.4
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 6.2 -6.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.5 14 36 4.8 -7.8
XSMO Invesco S&P SmallCap Momentum ETF 1.5 39 11 5.6 -7.1
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.5 55 -5 10.0 -2.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 15 6.1 -6.6
VLUE iShares MSCI USA Value Factor ETF 1.5 15 35 9.4 -3.3
BDIV AAM Brentview Dividend Growth ETF 1.4 49 1 4.5 -8.2
DLN WisdomTree U.S. LargeCap Dividend Fund 1.4 28 22 5.9 -6.8
GOP Unusual Whales Subversive Republican Trading ETF 1.4 50 0 5.5 -7.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 26 7.7 -5.0
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 27 5.7 -6.9
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.4 12 38 5.8 -6.9
VOT Vanguard Mid-Cap Growth ETF 1.4 7 43 3.6 -9.1
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.4 49 1 9.4 -3.3
EUSA iShares MSCI USA Equal Weighted ETF 1.4 9 41 6.1 -6.6
SIZE iShares MSCI USA Size Factor ETF 1.4 15 35 6.1 -6.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.3 10 40 4.3 -8.4
QUVU Hartford Quality Value ETF 1.3 46 4 7.2 -5.4
HAPY Harbor Human Capital Factor Unconstrained ETF 1.3 50 0 5.6 -7.1
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.3 80 -30 6.7 -6.0
IMCB iShares Morningstar Mid-Cap ETF 1.3 4 46 6.0 -6.6
GURU Global X Guru Index ETF 1.3 75 -25 2.9 -9.7
BKSE BNY Mellon US Small Cap Core Equity ETF 1.3 4 46 5.9 -6.8
BLES Inspire Global Hope ETF 1.3 61 -11 6.8 -5.9
DES WisdomTree U.S. SmallCap Dividend Fund 1.3 38 12 9.2 -3.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.3 17 33 5.6 -7.0
OSCV Opus Small Cap Value ETF 1.3 79 -29 6.4 -6.2
SMAP Amplify Small-Mid Cap Equity ETF 1.3 60 -10 5.6 -7.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.3 73 -23 10.5 -2.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.3 30 20 8.2 -4.5
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 38 8.0 -4.6
DIVG Invesco S&P 500 High Dividend Growers ETF 1.2 39 11 8.4 -4.3
FVAL Fidelity Value Factor ETF 1.2 15 35 6.8 -5.9
SPVM Invesco S&P 500 Value with Momentum ETF 1.2 39 11 7.5 -5.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.2 10 40 4.3 -8.4
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 6.6 -6.1
STXK Strive Small-Cap ETF 1.2 18 32 5.8 -6.9
SMMD iShares Russell 2500 ETF 1.2 15 35 6.1 -6.6
REVS Columbia Research Enhanced Value ETF 1.2 19 31 7.6 -5.1
XMMO Invesco S&P MidCap Momentum ETF 1.2 34 16 5.5 -7.2
BYRE Principal Real Estate Active Opportunities ETF 1.2 65 -15 6.5 -6.2
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 38 6.5 -6.2
ISCB iShares Morningstar Small-Cap ETF 1.2 4 46 6.2 -6.5
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.7 -6.0
DGT SPDR Global Dow ETF 1.1 50 0 6.9 -5.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.6 -8.1
JPEF JPMorgan Equity Focus ETF 1.1 50 0 4.3 -8.4
EQWL Invesco S&P 100 Equal Weight ETF 1.1 25 25 6.2 -6.4
EZM WisdomTree U.S. MidCap Fund 1.1 38 12 9.0 -3.7
VEGN US Vegan Climate ETF 1.1 60 -10 4.4 -8.3
VTWV Vanguard Russell 2000 Value ETF 1.1 10 40 7.3 -5.4
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 6.7 -6.0
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 2 4.4 -8.3
IWD iShares Russell 1000 Value ETF 1.0 19 31 6.4 -6.3
VONV Vanguard Russell 1000 Value ETF 1.0 7 43 6.5 -6.2
IWN iShares Russell 2000 Value ETF 1.0 24 26 7.3 -5.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 6.1 -6.6
SFYF SoFi Social 50 ETF 1.0 29 21 0.4 -12.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.0 15 35 7.8 -4.9
YALL God Bless America ETF 1.0 65 -15 3.6 -9.1
CHGX AXS Change Finance ESG ETF 1.0 49 1 4.8 -7.9
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 35 5.3 -7.4
SCHA Schwab U.S. Small-Cap ETF 1.0 4 46 5.9 -6.8
VALQ American Century U.S. Quality Value ETF 1.0 29 21 7.7 -5.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.0 12 38 7.3 -5.4
PRXV Praxis Impact Large Cap Value ETF 1.0 36 14 6.5 -6.2
ESIX SPDR S&P SmallCap 600 ESG ETF 1.0 12 38 7.9 -4.8
FYX First Trust Small Cap Core AlphaDEX Fund 1.0 61 -11 5.9 -6.8
VO Vanguard Mid-Cap ETF 0.9 4 46 5.7 -7.0
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.9 60 -10 9.3 -3.4
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 15 12.9 +0.2
FTA First Trust Large Cap Value AlphaDEX Fund 0.9 59 -9 8.9 -3.8
DIVB iShares Core Dividend ETF 0.9 5 45 8.1 -4.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 43 6.0 -6.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.9 20 30 5.5 -7.1
IUSV iShares Core S&P US Value ETF 0.9 4 46 6.4 -6.2
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.9 5 45 8.0 -4.7
FVD First Trust Value Line Dividend Index Fund 0.9 65 -15 6.3 -6.4
VXF Vanguard Extended Market ETF 0.9 5 45 4.6 -8.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.9 67 -17 9.8 -2.9
FUNL CornerCap Fundametrics Large-Cap ETF 0.9 50 0 7.2 -5.5
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -56 12.2 -0.4
STXV Strive 1000 Value ETF 0.9 18 32 7.9 -4.7
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.0 -5.7
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.9 56 -6 6.0 -6.6
CGDV Capital Group Dividend Value ETF 0.9 33 17 4.5 -8.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.9 10 40 5.1 -7.6
KLMN Invesco MSCI North America Climate ETF 0.8 9 41 4.9 -7.8
VTV Vanguard Value ETF 0.8 4 46 6.8 -5.8
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 9.7 -3.0
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 5.2 -7.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 11 5.8 -6.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 -10 7.3 -5.4
ILCV iShares Morningstar Value ETF 0.8 4 46 6.4 -6.3
VOOV Vanguard S&P 500 Value ETF 0.8 7 43 6.3 -6.4
IVE iShares S&P 500 Value ETF 0.8 18 32 6.2 -6.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 46 6.3 -6.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 40 9.7 -3.0
FQAL Fidelity Quality Factor ETF 0.8 15 35 5.6 -7.1
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 8 6.3 -6.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 38 7.3 -5.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.8 15 35 9.7 -3.0
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 4.1 -8.6
MGV Vanguard Mega Cap Value ETF 0.8 7 43 6.6 -6.1
IMCG iShares Morningstar Mid-Cap Growth ETF 0.8 6 44 4.0 -8.7
JGLO JPMorgan Global Select Equity ETF 0.8 33 17 5.0 -7.7
SDIV Global X Superdividend ETF 0.8 58 -8 41.3 +28.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.8 19 31 5.3 -7.4
PFM Invesco Dividend Achievers ETF 0.8 53 -3 5.2 -7.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.8 15 35 4.9 -7.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 1 5.8 -6.9
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 1 6.1 -6.5
USXF iShares ESG Advanced MSCI USA ETF 0.7 10 40 4.6 -8.1
CGDG Capital Group Dividend Growers ETF 0.7 47 3 6.2 -6.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.0 -7.6
BLCV iShares Large Cap Value Active ETF 0.7 53 -3 7.3 -5.4
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 4.7 -7.9
IJR iShares Core S&P Small Cap ETF 0.7 6 44 7.6 -5.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 5.1 -7.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 33 5.8 -6.8
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 11 6.7 -6.0
RSSL Global X Russell 2000 ETF 0.7 8 42 4.3 -8.3
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 7.4 -5.3
MAGA Point Bridge America First ETF 0.7 72 -22 5.7 -6.9
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -9 4.3 -8.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 10 40 6.0 -6.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 5.5 -7.2
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 4.8 -7.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 4.9 -7.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 43 7.6 -5.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 44 2.9 -9.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.7 15 35 5.9 -6.8
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 4.8 -7.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 47 7.6 -5.0
QDF FlexShares Quality Dividend Index Fund 0.7 37 13 6.1 -6.5
FESM Fidelity Enhanced Small Cap ETF 0.7 28 22 7.2 -5.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 4.8 -7.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.6 35 15 5.1 -7.6
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.3 -7.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 13 5.9 -6.7
SGLC SGI U.S. Large Cap Core ETF 0.6 85 -35 3.9 -8.7
ESGV Vanguard ESG U.S. Stock ETF 0.6 9 41 4.7 -8.0
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 5.3 -7.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 -15 3.5 -9.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 32 5.5 -7.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.6 35 15 7.1 -5.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.6 25 25 5.6 -7.1
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 -15 8.3 -4.4
AFLG First Trust Active Factor Large Cap ETF 0.6 55 -5 6.3 -6.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 14 10.5 -2.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 10 40 5.6 -7.0
DSI iShares MSCI KLD 400 Social ETF 0.6 25 25 4.8 -7.9
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -20 10.9 -1.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.6 35 15 10.0 -2.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 35 5.5 -7.1
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 8 6.6 -6.1
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 5.7 -7.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 4.8 -7.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 15 9.4 -3.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.6 20 30 6.9 -5.7
VOE Vanguard Mid-Cap Value ETF 0.6 7 43 7.6 -5.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 39 5.1 -7.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 11 5.3 -7.4
IWX iShares Russell Top 200 Value ETF 0.6 20 30 6.2 -6.5
JHML John Hancock Multifactor Large Cap ETF 0.6 29 21 5.3 -7.4
DSPY Tema S&P 500 Historical Weight ETF 0.5 18 32 5.1 -7.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 -9 5.8 -6.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 23 8.7 -4.0
RECS Columbia Research Enhanced Core ETF 0.5 15 35 5.6 -7.0
FDMO Fidelity Momentum Factor ETF 0.5 15 35 3.6 -9.1
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 9.2 -3.5
KRMA Global X Conscious Companies ETF 0.5 43 7 5.8 -6.9
FDLO Fidelity Low Volatility Factor ETF 0.5 15 35 5.3 -7.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 4.9 -7.8
IWV iShares Russell 3000 ETF 0.5 20 30 4.7 -8.0
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 5.0 -7.7
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.8 -7.8
IWB iShares Russell 1000 ETF 0.5 15 35 4.8 -7.9
VTHR Vanguard Russell 3000 ETF 0.5 7 43 4.8 -7.9
VONE Vanguard Russell 1000 ETF 0.5 7 43 4.9 -7.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.1 -7.6
VTWO Vanguard Russell 2000 ETF 0.5 7 43 4.3 -8.4
USMF WisdomTree U.S. Multifactor Fund 0.5 28 22 7.0 -5.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 20 6.5 -6.1
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -22 6.5 -6.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.8 -7.8
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 4.7 -7.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.6 -8.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 9 41 4.6 -8.1
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.7 -7.9
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 30 5.0 -7.6
IWM iShares Russell 2000 ETF 0.5 19 31 4.3 -8.4
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 4.4 -8.2
SCHK Schwab 1000 Index ETF 0.5 5 45 4.9 -7.7
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 4.9 -7.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 21 6.3 -6.3
PBUS Invesco MSCI USA ETF 0.5 4 46 4.8 -7.9
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -21 0.4 -12.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 4.7 -7.9
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -15 6.4 -6.3
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.7 -6.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 7.2 -5.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 4.6 -8.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 4.9 -7.7
IVV iShares Core S&P 500 ETF 0.5 3 47 4.9 -7.8
VOO Vanguard S&P 500 ETF 0.5 3 47 4.9 -7.8
SPLG SPDR Portfolio S&P 500 ETF 0.5 2 48 4.9 -7.8
SPY SPDR S&P 500 ETF Trust 0.5 9 41 4.8 -7.8
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 4.8 -7.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.5 20 30 7.6 -5.1
ACVF American Conservative Values ETF 0.5 75 -25 4.3 -8.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 4.7 -7.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 4.9 -7.8
VOTE TCW Transform 500 ETF 0.5 5 45 4.8 -7.9
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -30 6.1 -6.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 0 8.1 -4.6
HLAL Wahed FTSE USA Shariah ETF 0.4 50 0 4.7 -8.0
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 7.0 -5.7
APUE ActivePassive U.S. Equity ETF 0.4 45 5 4.6 -8.1
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 32 6.5 -6.2
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 27 3.4 -9.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 5.0 -7.7
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.4 -5.3
JEPI JPMorgan Equity Premium Income ETF 0.4 35 15 5.7 -7.0
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.1 -7.6
EES WisdomTree U.S. SmallCap Fund 0.4 38 12 8.7 -4.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 15 5.9 -6.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.2 -7.5
VBK Vanguard Small-Cap Growth ETF 0.4 7 43 1.9 -10.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.4 -8.2
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 4.9 -7.8
VV Vanguard Large-Cap ETF 0.4 4 46 4.8 -7.9
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 32 6.7 -6.0
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 7.3 -5.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 5.6 -7.1
STRV Strive 500 ETF 0.4 5 45 4.8 -7.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 41 5.1 -7.5
TOV JLens 500 Jewish Advocacy U.S. ETF 0.4 18 32 4.6 -8.1
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.0 -7.7
HDUS Hartford Disciplined US Equity ETF 0.4 19 31 5.6 -7.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 7.1 -5.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -10 3.9 -8.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -2 6.3 -6.4
RVRB Reverb ETF 0.4 30 20 4.5 -8.2
STXG Strive 1000 Growth ETF 0.3 18 32 3.8 -8.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.4 -8.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 1 4.7 -8.0
URTH iShares MSCI World ETF 0.3 24 26 5.0 -7.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 5.6 -7.0
SFY SoFi Select 500 ETF 0.3 0 50 4.4 -8.3
QUAL iShares MSCI USA Quality Factor ETF 0.3 15 35 5.4 -7.3
VT Vanguard Total World Stock ETF 0.3 6 44 5.8 -6.9
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 5.6 -7.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 9.3 -3.4
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 5.1 -7.5
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.5 -7.2
OPTZ Optimize Strategy Index ETF 0.3 50 0 4.6 -8.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 9.5 -3.1
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.9 -6.8
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.3 60 -10 2.0 -10.7
MGC Vanguard Mega Cap ETF 0.3 7 43 4.6 -8.1
HLGE Hartford Longevity Economy ETF 0.3 44 6 -0.4 -13.0
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.5 -5.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 38 4.5 -8.2
ROUS Hartford Multifactor US Equity ETF 0.3 19 31 7.0 -5.7
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.2 -10.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 21 4.5 -8.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -14 2.2 -10.5
IWL iShares Russell Top 200 ETF 0.2 15 35 4.6 -8.1
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.1 -8.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.3 -6.4
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 -7.0
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.5 -7.2
PSC Principal U.S. Small-Cap ETF 0.2 38 12 6.8 -5.9
IVW iShares S&P 500 Growth ETF 0.2 18 32 3.9 -8.8
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.0 -8.6
VOOG Vanguard S&P 500 Growth ETF 0.2 7 43 4.0 -8.7
JAVA JPMorgan Active Value ETF 0.2 44 6 6.4 -6.3
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 35 4.7 -8.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -9 2.7 -10.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -25 4.0 -8.7
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 6.8 -5.9
GSPY Gotham Enhanced 500 ETF 0.2 50 0 5.2 -7.5
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.6 -9.1
OEF iShares S&P 100 ETF 0.1 20 30 4.5 -8.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.1 70 -20 2.8 -9.9
HKND Humankind US Stock ETF 0.1 11 39 7.1 -5.6
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.4 -6.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 -6.8
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 21 7.0 -5.6
VUG Vanguard Growth ETF 0.1 4 46 4.0 -8.7
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -75 5.1 -7.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.8 -6.8
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.4 -8.2
EBI Longview Advantage ETF 0.1 35 15 6.5 -6.2
PKW Invesco Buyback Achievers ETF 0.1 62 -12 7.1 -5.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 30 6.2 -6.4
IWF iShares Russell 1000 Growth ETF 0.0 19 31 4.3 -8.3
VONG Vanguard Russell 1000 Growth ETF 0.0 7 43 4.4 -8.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.7 -9.0
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 25 5.3 -7.4
AVUQ Avantis U.S. Quality ETF 0.0 15 35 4.3 -8.3

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

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RESULTS & ESTIMATES

  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		 1.80 CATEGORY
AVERAGE		 1.59
 
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.