VanEck Office and Commercial REIT ETF
ALTAR
Score™		 15.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.2x P/Sales
ratio		 3.3x
P/BV
ratio		 0.8x Div.
yield		 3.5%


  • 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 26
Wgt avg mkt cap (mns) $15,523
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
COUSINS PROPERTIES INC 9.9 %
BOSTON PROPERTIES INC 9.6 %
VORNADO REALTY TRUST 9.3 %
CORPORATE OFFICE PROPERTIES 8.2 %
KILROY REALTY CORP 7.8 %
HIGHWOODS PROPERTIES INC 4.7 %
REALTY INCOME CORP 4.7 %
SL GREEN REALTY CORP 4.7 %
SIMON PROPERTY GROUP INC 4.6 %
PROLOGIS INC 4.4 %
Total 67.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.1% -10.0% -- -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.82 45%
MSCI EAFE 0.87 37%
MSCI Emg. Mkts. 0.65 25%

Technical Indicators
Recent close $35.82
30d moving avg. $37.04
Annualized volatility 18.5%
Short interest (ETF) 1.6%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.7%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 431 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™: 15.4%


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
(%)
RWR State Street SPDR Dow Jones REIT ETF 22.4 25 25 6.9 -8.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 22.1 11 39 7.2 -8.2
USRT iShares Core U.S. REIT ETF 21.4 8 42 7.2 -8.1
FRI First Trust S&P REIT Index Fund 21.2 50 0 6.8 -8.6
DFAR Dimensional US Real Estate ETF 20.9 19 31 7.5 -7.9
SCHH Schwab U.S. REIT ETF 20.2 7 43 7.4 -7.9
IYR iShares U.S. Real Estate ETF 19.1 40 10 6.9 -8.5
ICF iShares Cohen & Steers REIT ETF 18.4 33 17 7.3 -8.0
VNQ Vanguard Real Estate ETF 18.3 13 37 6.9 -8.5
FREL Fidelity MSCI Real Estate Index ETF 18.2 8 42 7.0 -8.3
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 17.8 40 10 7.6 -7.8
XLRE Real Estate Select Sector SPDR Fund 17.6 8 42 7.2 -8.2
RWO SPDR Dow Jones Global Real Estate ETF 17.5 50 0 6.3 -9.1
ERET iShares Environmentally Aware Real Estate ETF 17.3 30 20 6.6 -8.8
REET iShares Global REIT ETF 16.3 14 36 6.9 -8.5
VGSR Vert Global Sustainable Real Estate ETF 15.8 47 3 6.8 -8.6
DFGR Dimensional Global Real Estate ETF 15.8 22 28 7.1 -8.3
JPRE JPMorgan Realty Income ETF 14.6 50 0 7.3 -8.1
GQRE FlexShares Global Quality Real Estate Index Fund 14.1 45 5 7.1 -8.3
AVRE Avantis Real Estate ETF 13.5 17 33 6.6 -8.7
BLDG Cambria Global Real Estate ETF 12.7 60 -10 10.6 -4.8
PSR Invesco Active U.S. Real Estate Fund 11.8 35 15 7.2 -8.2
IVRA Invesco Real Assets ESG ETF 11.5 59 -9 5.6 -9.7
BYRE Principal Real Estate Active Opportunities ETF 11.4 65 -15 6.1 -9.3
RITA ETFB Green SRI REITs ETF 10.5 50 0 5.2 -10.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 10.4 35 15 5.9 -9.5
RIET Hoya Capital High Dividend Yield ETF 10.1 50 0 16.3 +0.9
FPRO Fidelity Real Estate Investment ETF 9.7 59 -9 5.8 -9.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.2 30 20 9.0 -6.4
IRET iREIT - MarketVector Quality REIT Index ETF 9.2 60 -10 6.4 -9.0
INDS Pacer Industrial Real Estate ETF 8.9 55 -5 6.0 -9.4
IQRA IQ CBRE Real Assets ETF 8.3 65 -15 5.0 -10.4
RDOG ALPS REIT Dividend Dogs ETF 8.0 35 15 9.7 -5.6
NETL NETLease Corporate Real Estate ETF 7.9 60 -10 7.4 -7.9
JRE Janus Henderson U.S. Real Estate ETF 7.6 65 -15 7.2 -8.2
ICAP InfraCap Equity Income Fund ETF 6.3 171 -121 3.8 -11.6
LVDS JPMorgan Fundamental Data Science Large Value ETF 6.2 49 1 5.5 -9.8
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 6.2 7 43 9.4 -6.0
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.7 60 -10 5.2 -10.2
REAI Intelligent Real Estate ETF 5.7 59 -9 13.9 -1.5
BIBL Inspire 100 ETF 5.6 35 15 4.1 -11.2
SPRE SP Funds S&P Global REIT Sharia ETF 4.4 55 -5 5.4 -10.0
MBCC Monarch Blue Chips Core ETF 4.1 125 -75 3.6 -11.7
TBG TBG Dividend Focus ETF 4.1 59 -9 6.6 -8.7
XMLV Invesco S&P MidCap Low Volatility ETF 4.0 25 25 6.6 -8.8
DIV Global X SuperDividend US ETF 3.8 45 5 9.8 -5.6
SPDV AAM S&P 500 High Dividend Value ETF 3.7 29 21 9.9 -5.5
PSCF Invesco S&P SmallCap Financials ETF 3.5 29 21 8.4 -7.0
SRET Global X SuperDividend REIT ETF 3.3 59 -9 11.1 -4.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.3 70 -20 4.5 -10.9
ALTL Pacer Lunt Large Cap Alternator ETF 3.3 60 -10 4.1 -11.3
ULVM VictoryShares US Value Momentum ETF 3.2 20 30 6.2 -9.1
VRAI Virtus Real Asset Income ETF 3.2 55 -5 8.8 -6.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 3.1 10 40 3.8 -11.6
ERTH Invesco MSCI Sustainable Future ETF 3.0 62 -12 3.0 -12.4
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 3.0 56 -6 5.6 -9.7
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 3.0 10 40 3.8 -11.6
NIXT Research Affiliates Deletions ETF 2.9 9 41 7.2 -8.1
SDIV Global X Superdividend ETF 2.9 58 -8 14.7 -0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.8 24 26 7.0 -8.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.8 39 11 10.1 -5.3
FDVV Fidelity High Dividend ETF 2.8 15 35 6.7 -8.7
SWP SWP Growth & Income ETF 2.6 99 -49 3.6 -11.8
DON WisdomTree U.S. MidCap Dividend Fund 2.5 38 12 7.8 -7.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.5 15 35 6.6 -8.8
BEEX BeeHive ETF 2.5 84 -34 3.8 -11.6
FCPI Fidelity Stocks for Inflation ETF 2.5 15 35 6.8 -8.6
PFI Invesco Dorsey Wright Financial Momentum ETF 2.4 60 -10 4.4 -10.9
DEW WisdomTree Global High Dividend Fund 2.4 58 -8 7.0 -8.4
WDIV SPDR S&P Global Dividend ETF 2.4 40 10 7.8 -7.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.4 25 25 6.6 -8.8
SDY State Street SPDR S&P Dividend ETF 2.4 35 15 5.7 -9.6
ETHO Etho Climate Leadership U.S. ETF 2.3 47 3 4.6 -10.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.3 80 -30 6.5 -8.8
QUVU Hartford Quality Value ETF 2.2 46 4 6.5 -8.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.2 15 35 5.2 -10.2
JPSV JPMorgan Active Small Cap Value ETF 2.2 74 -24 7.4 -8.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.2 25 25 4.9 -10.4
DEMZ Democratic Large Cap Core ETF 2.2 45 5 4.0 -11.4
SPLV Invesco S&P 500 Low Volatility ETF 2.2 25 25 5.0 -10.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 32 6.6 -8.7
XMVM Invesco S&P MidCap Value with Momentum ETF 2.1 39 11 8.1 -7.2
DIVL Madison Dividend Value ETF 2.1 65 -15 4.4 -10.9
RJDI RJ Eagle GCM Dividend Select Income ETF 2.0 55 -5 4.4 -10.9
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 16 3.6 -11.7
FYT First Trust Small Cap Value AlphaDEX Fund 2.0 73 -23 9.7 -5.7
JHDV John Hancock U.S. High Dividend ETF 2.0 34 16 5.8 -9.6
IJJ iShares S&P Mid-Cap 400 Value ETF 1.9 18 32 7.4 -8.0
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.9 60 -10 6.2 -9.2
VBR Vanguard Small Cap Value ETF 1.9 7 43 7.6 -7.8
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 21 6.2 -9.2
ONEY State Street SPDR Russell 1000 Yield Focus ETF 1.9 20 30 8.6 -6.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.9 6 44 7.0 -8.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.9 15 35 7.4 -7.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.9 15 35 6.7 -8.7
IWS iShares Russell Mid-Cap Value ETF 1.8 23 27 6.1 -9.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.8 10 40 7.6 -7.8
DES WisdomTree U.S. SmallCap Dividend Fund 1.8 38 12 7.7 -7.7
XSLV Invesco S&P SmallCap Low Volatility ETF 1.8 25 25 7.4 -7.9
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 30 6.1 -9.2
DIVE Dana Concentrated Dividend ETF 1.7 65 -15 6.8 -8.6
STXM Strive Mid-Cap ETF 1.7 18 32 5.3 -10.0
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.7 60 -10 4.0 -11.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 5.5 -9.9
NUMV Nuveen ESG Mid-Cap Value ETF 1.6 31 19 6.0 -9.3
PTL Inspire 500 ETF 1.6 9 41 4.6 -10.8
VOT Vanguard Mid-Cap Growth ETF 1.5 7 43 3.1 -12.2
IWR iShares Russell Midcap ETF 1.5 19 31 5.4 -10.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.5 27 23 6.2 -9.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.5 15 35 6.1 -9.2
CVAR Cultivar ETF 1.5 87 -37 6.6 -8.8
HGRO Hedgeye Quality Growth ETF 1.5 70 -20 2.9 -12.4
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 5.4 -10.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.5 30 20 15.3 -0.1
CALF Pacer US Small Cap Cash Cows 100 ETF 1.5 59 -9 9.0 -6.4
GOP Unusual Whales Subversive Republican Trading ETF 1.5 50 0 4.5 -10.9
FLDZ RiverNorth Patriot ETF 1.4 75 -25 5.6 -9.8
WCEO Hypatia Women CEO ETF 1.4 85 -35 2.8 -12.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.4 29 21 6.8 -8.6
XJH iShares ESG Screened S&P Mid-Cap ETF 1.4 12 38 6.0 -9.4
BDIV AAM Brentview Dividend Growth ETF 1.4 49 1 3.6 -11.7
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 46 5.9 -9.5
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 44 7.3 -8.1
BLES Inspire Global Hope ETF 1.4 61 -11 5.7 -9.6
FNDA Schwab Fundamental US Small Co. Index ETF 1.4 25 25 6.4 -8.9
SFYF SoFi Social 50 ETF 1.4 29 21 0.9 -14.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 46 5.0 -10.4
DGT State Street SPDR Global Dow ETF 1.4 50 0 5.6 -9.7
ISMD Inspire Small/Mid Cap ETF 1.4 54 -4 4.5 -10.9
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 35 6.0 -9.4
SIZE iShares MSCI USA Size Factor ETF 1.3 15 35 5.5 -9.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 15 5.3 -10.1
YALL God Bless America ETF 1.3 65 -15 4.0 -11.4
EUSA iShares MSCI USA Equal Weighted ETF 1.3 9 41 5.5 -9.9
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.3 80 -30 5.8 -9.6
VLUE iShares MSCI USA Value Factor ETF 1.3 15 35 7.5 -7.9
XOEF iShares S&P 500 ex S&P 100 ETF 1.3 20 30 4.7 -10.6
FVD First Trust Value Line Dividend Index Fund 1.3 65 -15 5.4 -10.0
VFMV Vanguard U.S. Minimum Volatility ETF 1.3 13 37 5.2 -10.2
MDY SPDR S&P Midcap 400 ETF Trust 1.3 24 26 5.9 -9.5
IJH iShares Core S&P Mid-Cap ETF 1.3 5 45 6.1 -9.3
BLCV iShares Large Cap Value Active ETF 1.3 53 -3 6.4 -8.9
SMLF iShares U.S. SmallCap Equity Factor ETF 1.3 15 35 5.2 -10.1
NULV Nuveen ESG Large-Cap Value ETF 1.3 26 24 5.4 -9.9
DIVG Invesco S&P 500 High Dividend Growers ETF 1.2 39 11 7.3 -8.1
DLN WisdomTree U.S. LargeCap Dividend Fund 1.2 28 22 5.1 -10.2
SFYX SoFi Next 500 ETF 1.2 0 50 5.0 -10.3
SPVM Invesco S&P 500 Value with Momentum ETF 1.2 39 11 6.4 -8.9
IVOO Vanguard S&P Mid-Cap 400 ETF 1.2 7 43 6.1 -9.2
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.2 3 47 6.1 -9.2
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 5.8 -9.6
VB Vanguard Small-Cap ETF 1.2 5 45 5.2 -10.2
FNK First Trust Mid Cap Value AlphaDEX Fund 1.2 70 -20 9.0 -6.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.2 49 1 7.6 -7.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.2 30 20 3.9 -11.5
JHSC John Hancock Multifactor Small Cap ETF 1.1 42 8 5.6 -9.8
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.1 25 25 10.7 -4.7
IMCB iShares Morningstar Mid-Cap ETF 1.1 4 46 5.4 -10.0
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 1.1 12 38 5.3 -10.1
VEGN US Vegan Climate ETF 1.1 60 -10 3.9 -11.4
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.1 79 -29 4.9 -10.4
FYX First Trust Small Cap Core AlphaDEX Fund 1.1 61 -11 4.8 -10.6
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 5.7 -9.7
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.0 55 -5 8.9 -6.5
USXF iShares ESG Advanced MSCI USA ETF 1.0 10 40 4.0 -11.4
CHGX AXS Change Finance ESG ETF 1.0 49 1 4.4 -11.0
CGDV Capital Group Dividend Value ETF 1.0 33 17 3.9 -11.4
PRXV Praxis Impact Large Cap Value ETF 1.0 36 14 5.6 -9.8
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 5.4 -10.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 5.4 -10.0
IWD iShares Russell 1000 Value ETF 1.0 19 31 5.4 -9.9
VONV Vanguard Russell 1000 Value ETF 1.0 7 43 5.6 -9.8
IUSV iShares Core S&P US Value ETF 1.0 4 46 5.6 -9.8
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 46 5.0 -10.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 43 4.9 -10.5
GVUS Marketbeta Russell 1000 Value Equity ETF 1.0 12 38 5.6 -9.8
VO Vanguard Mid-Cap ETF 0.9 4 46 5.3 -10.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 35 6.5 -8.9
ISCB iShares Morningstar Small-Cap ETF 0.9 4 46 5.0 -10.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.9 24 26 6.3 -9.1
QUAL iShares MSCI USA Quality Factor ETF 0.9 15 35 4.4 -11.0
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 15 11.2 -4.2
IVE iShares S&P 500 Value ETF 0.9 18 32 5.3 -10.0
VOOV Vanguard S&P 500 Value ETF 0.9 7 43 5.4 -9.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.9 65 -15 1.8 -13.6
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.9 4 46 5.5 -9.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.9 30 20 7.0 -8.3
STXK Strive Small-Cap ETF 0.9 18 32 5.2 -10.2
JVAL JPMorgan U.S. Value Factor ETF 0.9 12 38 6.8 -8.6
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -56 10.0 -5.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.9 17 33 5.1 -10.3
NUSC Nuveen ESG Small-Cap ETF 0.9 31 19 4.4 -10.9
VTV Vanguard Value ETF 0.9 4 46 5.8 -9.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.9 14 36 4.3 -11.1
OEI Optimized Equity Income ETF 0.8 75 -25 3.3 -12.1
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 0 6.2 -9.2
FLQL Franklin LibertyQ U.S. Equity ETF 0.8 15 35 4.5 -10.8
DIVB iShares Core Dividend ETF 0.8 5 45 7.0 -8.4
ILCV iShares Morningstar Value ETF 0.8 4 46 5.5 -9.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 41 3.5 -11.9
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.8 19 31 5.0 -10.4
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 3.6 -11.8
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 4.4 -10.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 40 8.2 -7.1
AIEQ AI Powered Equity ETF 0.8 75 -25 4.0 -11.4
KLMN Invesco MSCI North America Climate ETF 0.8 9 41 4.4 -11.0
SMMD iShares Russell 2500 ETF 0.8 15 35 5.7 -9.7
STXV Strive 1000 Value ETF 0.8 18 32 6.8 -8.6
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 8.3 -7.1
MGV Vanguard Mega Cap Value ETF 0.8 7 43 5.5 -9.9
STXD Strive 1000 Dividend Growth ETF 0.8 35 15 4.3 -11.1
SIXL ETC 6 Meridian Low Beta Equity ETF 0.8 80 -30 5.6 -9.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -17 8.3 -7.1
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 35 6.1 -9.3
BUYZ Franklin Disruptive Commerce ETF 0.8 50 0 2.5 -12.9
FVAL Fidelity Value Factor ETF 0.7 15 35 5.9 -9.5
NUDV Nuveen ESG Dividend ETF 0.7 26 24 6.4 -9.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 -9 1.6 -13.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.7 15 35 8.3 -7.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.7 39 11 4.2 -11.1
PFM Invesco Dividend Achievers ETF 0.7 53 -3 4.5 -10.8
WLDR Affinity World Leaders Equity ETF 0.7 67 -17 6.1 -9.3
SCHA Schwab U.S. Small-Cap ETF 0.7 4 46 4.8 -10.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 4.4 -11.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.7 35 15 6.4 -8.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 15 6.1 -9.3
DEUS Xtrackers Russell US Multifactor ETF 0.7 17 33 5.8 -9.6
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.7 12 38 6.5 -8.9
EZM WisdomTree U.S. MidCap Fund 0.7 38 12 7.4 -8.0
JPEF JPMorgan Equity Focus ETF 0.7 50 0 3.8 -11.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 4.8 -10.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.7 35 15 4.5 -10.9
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 4.2 -11.2
FMDE Fidelity Enhanced Mid Cap ETF 0.7 23 27 5.2 -10.1
MAGA Point Bridge America First ETF 0.7 72 -22 5.4 -10.0
DSPY Tema S&P 500 Historical Weight ETF 0.7 18 32 4.4 -10.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 4.4 -11.0
EES WisdomTree U.S. SmallCap Fund 0.7 38 12 7.5 -7.9
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 11 5.7 -9.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -10 5.8 -9.6
IWN iShares Russell 2000 Value ETF 0.7 24 26 5.5 -9.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.7 10 40 4.6 -10.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.7 15 35 4.2 -11.1
VTWV Vanguard Russell 2000 Value ETF 0.7 10 40 5.6 -9.8
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 4.3 -11.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 4.6 -10.8
VXF Vanguard Extended Market ETF 0.6 5 45 3.9 -11.4
DSI iShares MSCI KLD 400 Social ETF 0.6 25 25 4.2 -11.2
FQAL Fidelity Quality Factor ETF 0.6 15 35 4.8 -10.5
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.6 12 38 6.3 -9.1
ESGV Vanguard ESG U.S. Stock ETF 0.6 9 41 4.2 -11.2
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.6 12 38 6.9 -8.5
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 8 5.3 -10.1
NULC Nuveen ESG Large-Cap ETF 0.6 21 29 4.5 -10.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 14 8.9 -6.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 33 4.7 -10.6
TOPC iShares S&P 500 3% Capped ETF 0.6 15 35 4.4 -11.0
STOX Horizon Core Equity ETF 0.6 70 -20 3.6 -11.8
SFTY Horizon Managed Risk ETF 0.6 77 -27 3.5 -11.8
IWX iShares Russell Top 200 Value ETF 0.6 20 30 5.1 -10.2
GSPY Gotham Enhanced 500 ETF 0.6 50 0 4.5 -10.9
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.6 20 30 4.6 -10.8
KRMA Global X Conscious Companies ETF 0.6 43 7 5.3 -10.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.6 10 40 4.9 -10.4
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.6 5 45 6.7 -8.6
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 4.9 -10.5
SGLC SGI U.S. Large Cap Core ETF 0.6 85 -35 3.3 -12.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 1 4.7 -10.7
AFLG First Trust Active Factor Large Cap ETF 0.6 55 -5 5.3 -10.0
LCDS JPMorgan Fundamental Data Science Large Core ETF 0.6 30 20 4.1 -11.3
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.5 15 35 4.8 -10.6
VOE Vanguard Mid-Cap Value ETF 0.5 7 43 6.7 -8.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.0 -11.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 15 8.2 -7.2
CHRI Global X S&P 500 Christian Values ETF 0.5 29 21 4.0 -11.4
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 4.2 -11.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -14 0.9 -14.5
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 25 4.5 -10.8
IWB iShares Russell 1000 ETF 0.5 15 35 4.2 -11.2
VONE Vanguard Russell 1000 ETF 0.5 7 43 4.3 -11.1
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 4.3 -11.1
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.1 -11.2
IWV iShares Russell 3000 ETF 0.5 20 30 4.1 -11.3
VTHR Vanguard Russell 3000 ETF 0.5 7 43 4.2 -11.1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.5 3 47 4.4 -10.9
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.2 -11.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.2 -11.2
RSSL Global X Russell 2000 ETF 0.5 8 42 3.1 -12.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 9 41 4.1 -11.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 5.6 -9.8
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 4.3 -11.1
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 4.0 -11.3
APUE ActivePassive U.S. Equity ETF 0.5 45 5 4.0 -11.4
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 -10 9.1 -6.3
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 2.7 -12.6
SCHK Schwab 1000 Index ETF 0.5 5 45 4.3 -11.1
LRGF iShares U.S. Equity Factor ETF 0.5 8 42 4.8 -10.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 39 4.4 -10.9
IVV iShares Core S&P 500 ETF 0.5 3 47 4.3 -11.1
SPY SPDR S&P 500 ETF 0.5 9 41 4.2 -11.2
SPYM State Street SPDR Portfolio S&P 500 ETF 0.5 2 48 4.3 -11.1
VOO Vanguard S&P 500 ETF 0.5 3 47 4.3 -11.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 38 6.4 -8.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 25 4.7 -10.7
PBUS Invesco MSCI USA ETF 0.5 4 46 4.3 -11.1
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 4.6 -10.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 30 4.7 -10.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.5 11 39 4.3 -11.1
SNPG Xtrackers S&P 500 Growth ESG ETF 0.5 15 35 3.8 -11.6
RAUS RACWI US ETF 0.5 15 35 4.2 -11.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 4.2 -11.2
FESM Fidelity Enhanced Small Cap ETF 0.5 28 22 2.8 -12.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 32 5.5 -9.9
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 4.2 -11.2
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 5.8 -9.6
DHS WisdomTree U.S. High Dividend Fund 0.5 38 12 6.7 -8.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 13 5.2 -10.2
QDF FlexShares Quality Dividend Index Fund 0.5 37 13 5.4 -10.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -20 1.7 -13.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 43 6.5 -8.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 25 6.1 -9.2
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 35 6.1 -9.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.4 75 -25 3.4 -12.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 4.7 -10.6
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 4.2 -11.2
IJR iShares Core S&P Small Cap ETF 0.4 6 44 6.5 -8.9
GXLC Global X U.S. 500 ETF 0.4 2 48 4.2 -11.2
FDMO Fidelity Momentum Factor ETF 0.4 15 35 3.1 -12.3
ACVF American Conservative Values ETF 0.4 75 -25 3.7 -11.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 44 2.5 -12.9
VV Vanguard Large-Cap ETF 0.4 4 46 4.2 -11.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 11 2.7 -12.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 48 4.3 -11.0
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.4 60 -10 4.6 -10.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.4 0 50 4.3 -11.1
STRV Strive 500 ETF 0.4 5 45 4.2 -11.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.4 18 32 4.0 -11.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 47 6.5 -8.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 41 4.3 -11.1
VOTE TCW Transform 500 ETF 0.4 5 45 4.3 -11.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 40 4.3 -11.1
RVRB Reverb ETF 0.4 30 20 4.0 -11.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 43 4.2 -11.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 4.4 -11.0
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 4.3 -11.1
LOWV AB US Low Volatility Equity ETF 0.4 48 2 4.7 -10.6
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 21 6.0 -9.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 5 3.6 -11.8
SFY SoFi Select 500 ETF 0.4 0 50 3.9 -11.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 3.8 -11.5
TOK iShares MSCI Kokusai ETF 0.4 26 24 4.3 -11.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.4 12 38 3.4 -12.0
STXG Strive 1000 Growth ETF 0.4 18 32 3.3 -12.1
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 4.0 -11.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 6.2 -9.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 4.5 -10.8
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 -10 -0.9 -16.3
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 0 7.3 -8.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -9 4.9 -10.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 4.8 -10.6
URTH iShares MSCI World ETF 0.4 24 26 4.4 -11.0
ROSC Hartford Multifactor Small Cap ETF 0.4 34 16 7.7 -7.7
PSC Principal U.S. Small-Cap ETF 0.4 38 12 5.9 -9.4
XSMO Invesco S&P SmallCap Momentum ETF 0.3 39 11 3.7 -11.7
VTWO Vanguard Russell 2000 ETF 0.3 7 43 3.2 -12.1
IWM iShares Russell 2000 ETF 0.3 19 31 3.1 -12.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.3 52 -2 5.5 -9.8
MGC Vanguard Mega Cap ETF 0.3 7 43 4.0 -11.4
REVS Columbia Research Enhanced Value ETF 0.3 19 31 6.8 -8.6
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 4.5 -10.8
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.3 35 15 4.9 -10.5
ACWI iShares MSCI ACWI ETF 0.3 32 18 4.7 -10.7
VT Vanguard Total World Stock ETF 0.3 6 44 5.0 -10.4
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 30 7.0 -8.3
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.1 -10.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 7.9 -7.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 8.1 -7.3
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.3 15 35 4.9 -10.4
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 32 5.8 -9.6
HDUS Hartford Disciplined US Equity ETF 0.3 19 31 5.0 -10.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 21 5.4 -10.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.3 30 20 7.1 -8.2
CGDG Capital Group Dividend Growers ETF 0.3 47 3 5.2 -10.2
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 35 4.2 -11.2
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 1 4.8 -10.6
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 35 5.0 -10.4
IWL iShares Russell Top 200 ETF 0.3 15 35 3.9 -11.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 41 4.7 -10.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 44 3.6 -11.7
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 23 7.7 -7.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 21 3.8 -11.6
EPS WisdomTree U.S. LargeCap Fund 0.2 8 42 5.0 -10.4
DAK Dakota Active Equity ETF 0.2 43 7 3.8 -11.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 18 4.3 -11.1
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 10 4.1 -11.3
ADME Aptus Drawdown Managed Equity ETF 0.2 79 -29 3.3 -12.0
FDLO Fidelity Low Volatility Factor ETF 0.2 15 35 4.8 -10.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 5.2 -10.1
JAVA JPMorgan Active Value ETF 0.2 44 6 5.4 -10.0
GEW Cambria Global EW ETF 0.2 29 21 5.3 -10.1
OEF iShares S&P 100 ETF 0.2 20 30 3.9 -11.5
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 5.8 -9.5
FELG Fidelity Enhanced Large Cap Growth ETF 0.2 18 32 4.0 -11.4
VBK Vanguard Small-Cap Growth ETF 0.1 7 43 1.5 -13.9
ROUS Hartford Multifactor US Equity ETF 0.1 19 31 5.9 -9.5
FYC First Trust Small Cap Growth AlphaDEX Fund 0.1 71 -21 -1.3 -16.7
OPTZ Optimize Strategy Index ETF 0.1 50 0 4.1 -11.3
RECS Columbia Research Enhanced Core ETF 0.1 15 35 5.1 -10.3
GLOF iShares Global Equity Factor ETF 0.1 20 30 5.8 -9.6
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 46 3.5 -11.9
VUG Vanguard Growth ETF 0.1 4 46 3.5 -11.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.0 -10.4
RAYD Rayliant Quantitative Developed Market Equity ETF 0.1 80 -30 4.5 -10.9
IVW iShares S&P 500 Growth ETF 0.1 18 32 3.3 -12.1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF 0.1 4 46 3.4 -12.0
VOOG Vanguard S&P 500 Growth ETF 0.1 7 43 3.5 -11.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 30 5.4 -10.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 32 4.5 -10.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.1 15 35 4.6 -10.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 10 40 4.7 -10.7
EBI Longview Advantage ETF 0.1 35 15 5.6 -9.8
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.1 -12.2
PKW Invesco Buyback Achievers ETF 0.1 62 -12 7.0 -8.4
VALQ American Century U.S. Quality Value ETF 0.1 29 21 6.6 -8.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 3.8 -11.6
IWF iShares Russell 1000 Growth ETF 0.0 19 31 3.4 -12.0
VONG Vanguard Russell 1000 Growth ETF 0.0 7 43 3.7 -11.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 4.6 -10.8
IWO iShares Russell 2000 Growth ETF 0.0 24 26 0.7 -14.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 40 0.8 -14.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.2 -12.2

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 12.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 15.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.76 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.