VanEck Office and Commercial REIT ETF
ALTAR
Score™		 13.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.2x P/Sales
ratio		 3.8x
P/BV
ratio		 1.0x 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) $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
VORNADO REALTY TRUST 9.4 %
KILROY REALTY CORP 9.3 %
BOSTON PROPERTIES INC 9.1 %
COUSINS PROPERTIES INC 8.5 %
SL GREEN REALTY CORP 7.9 %
CORPORATE OFFICE PROPERTIES 4.6 %
DOUGLAS EMMETT INC 4.5 %
SIMON PROPERTY GROUP INC 4.3 %
HIGHWOODS PROPERTIES INC 4.3 %
REALTY INCOME CORP 4.2 %
Total 66.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.4% -4.0% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 37%
MSCI EAFE 0.42 8%
MSCI Emg. Mkts. 0.17 1%

Technical Indicators
Recent close $41.35
30d moving avg. $39.56
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

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

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 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™: 13.4%


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
(%)
PPTY US Diversified Real Estate ETF 28.4 53 -3 7.9 -5.5
RWR SPDR Dow Jones REIT ETF 22.9 25 25 7.6 -5.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 22.1 11 39 7.9 -5.5
USRT iShares Core U.S. REIT ETF 21.6 8 42 7.9 -5.5
FRI First Trust S&P REIT Index Fund 21.6 50 0 7.4 -5.9
DFAR Dimensional US Real Estate ETF 20.6 19 31 8.1 -5.3
SCHH Schwab U.S. REIT ETF 20.1 7 43 8.1 -5.3
REAI Intelligent Real Estate ETF 19.0 59 -9 14.9 +1.5
FREL Fidelity MSCI Real Estate Index ETF 18.7 8 42 7.5 -5.8
IYR iShares U.S. Real Estate ETF 18.3 40 10 7.4 -6.0
ICF iShares Cohen & Steers REIT ETF 18.0 33 17 7.9 -5.5
VNQ Vanguard Real Estate ETF 18.0 13 37 7.4 -6.0
RWO SPDR Dow Jones Global Real Estate ETF 17.7 50 0 7.0 -6.4
ERET iShares Environmentally Aware Real Estate ETF 17.3 30 20 7.3 -6.0
REET iShares Global REIT ETF 16.9 14 36 7.4 -6.0
JRE Janus Henderson U.S. Real Estate ETF 16.8 65 -15 7.6 -5.8
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 16.2 40 10 7.8 -5.6
XLRE Real Estate Select Sector SPDR Fund 15.8 8 42 7.5 -5.9
BLDG Cambria Global Real Estate ETF 15.8 60 -10 11.5 -1.9
DFGR Dimensional Global Real Estate ETF 15.5 22 28 7.4 -5.9
VGSR Vert Global Sustainable Real Estate ETF 15.4 47 3 7.4 -6.0
GQRE FlexShares Global Quality Real Estate Index Fund 14.8 45 5 7.8 -5.6
AVRE Avantis Real Estate ETF 13.8 17 33 7.1 -6.3
JPRE JPMorgan Realty Income ETF 13.4 50 0 8.2 -5.2
PSR Invesco Active U.S. Real Estate Fund 12.7 35 15 8.0 -5.4
IVRA Invesco Real Assets ESG ETF 11.2 59 -9 6.3 -7.1
IRET iREIT - MarketVector Quality REIT Index ETF 11.1 60 -10 7.0 -6.4
RIET Hoya Capital High Dividend Yield ETF 11.1 50 0 48.7 +35.3
IQRA IQ CBRE Real Assets ETF 9.7 65 -15 5.7 -7.7
ICAP InfraCap Equity Income Fund ETF 9.3 171 -121 6.2 -7.2
INDS Pacer Industrial Real Estate ETF 8.9 55 -5 6.8 -6.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 8.9 35 15 8.5 -4.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.7 30 20 8.9 -4.4
FPRO Fidelity Real Estate Investment ETF 7.4 59 -9 6.5 -6.9
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.7 60 -10 6.8 -6.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.6 60 -10 6.0 -7.3
SPRE SP Funds S&P Global REIT Sharia ETF 6.6 55 -5 6.0 -7.3
NETL NETLease Corporate Real Estate ETF 6.5 60 -10 8.3 -5.0
RITA ETFB Green SRI REITs ETF 6.4 50 0 5.9 -7.5
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.1 7 43 9.8 -3.6
SRET Global X SuperDividend REIT ETF 5.7 59 -9 12.0 -1.4
RDOG ALPS REIT Dividend Dogs ETF 4.9 35 15 9.4 -3.9
BIBL Inspire 100 ETF 4.9 35 15 5.1 -8.3
TBG TBG Dividend Focus ETF 4.3 59 -9 7.8 -5.5
VRAI Virtus Real Asset Income ETF 4.3 55 -5 10.1 -3.3
XMLV Invesco S&P MidCap Low Volatility ETF 4.0 25 25 7.5 -5.9
MBCC Monarch Blue Chips Core ETF 3.9 125 -75 4.1 -9.3
NIXT Research Affiliates Deletions ETF 3.8 9 41 8.7 -4.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.6 27 23 7.0 -6.4
SPDV AAM S&P 500 High Dividend Value ETF 3.5 29 21 10.5 -2.9
ERTH Invesco MSCI Sustainable Future ETF 3.4 62 -12 3.7 -9.7
PSCF Invesco S&P SmallCap Financials ETF 3.4 29 21 9.0 -4.4
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 3.2 60 -10 5.3 -8.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.2 70 -20 4.7 -8.6
NUMV Nuveen ESG Mid-Cap Value ETF 3.1 31 19 6.9 -6.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.1 25 25 7.8 -5.6
FDVV Fidelity High Dividend ETF 3.0 15 35 7.6 -5.8
TIME Clockwise Core Equity & Innovation ETF 2.9 95 -45 2.9 -10.5
IJJ iShares S&P Mid-Cap 400 Value ETF 2.9 18 32 8.6 -4.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.8 15 35 8.7 -4.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.8 10 40 8.8 -4.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.8 39 11 11.6 -1.8
DON WisdomTree U.S. MidCap Dividend Fund 2.8 38 12 8.7 -4.7
ABLD Abacus FCF Real Assets Leaders ETF 2.8 69 -19 6.7 -6.7
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.7 15 35 7.5 -5.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.7 15 35 7.9 -5.5
CVAR Cultivar ETF 2.7 87 -37 6.8 -6.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.7 24 26 8.1 -5.3
DEW WisdomTree Global High Dividend Fund 2.7 58 -8 8.4 -5.0
ETHO Etho Climate Leadership U.S. ETF 2.6 47 3 5.3 -8.1
VBR Vanguard Small Cap Value ETF 2.5 7 43 9.1 -4.3
BEEX BeeHive ETF 2.5 84 -34 4.3 -9.1
XSLV Invesco S&P SmallCap Low Volatility ETF 2.4 25 25 7.4 -6.0
FCPI Fidelity Stocks for Inflation ETF 2.4 15 35 7.5 -5.8
SDY SPDR S&P Dividend ETF 2.4 35 15 6.6 -6.8
DEMZ Democratic Large Cap Core ETF 2.3 45 5 4.5 -8.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.3 60 -10 4.8 -8.5
PFI Invesco Dorsey Wright Financial Momentum ETF 2.2 60 -10 6.5 -6.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.2 15 35 6.0 -7.4
XMVM Invesco S&P MidCap Value with Momentum ETF 2.1 39 11 9.6 -3.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.1 25 25 5.4 -8.0
SPLV Invesco S&P 500 Low Volatility ETF 2.1 25 25 5.3 -8.1
STXM Strive Mid-Cap ETF 2.1 18 32 6.1 -7.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.1 60 -10 9.0 -4.3
ONEY SPDR Russell 1000 Yield Focus ETF 2.1 20 30 9.4 -4.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 21 8.2 -5.2
DHS WisdomTree U.S. High Dividend Fund 2.0 38 12 8.0 -5.4
JHDV John Hancock U.S. High Dividend ETF 2.0 34 16 6.6 -6.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.0 4 46 6.1 -7.3
IWS iShares Russell Mid-Cap Value ETF 2.0 23 27 6.7 -6.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.9 80 -30 7.7 -5.7
NUDV Nuveen ESG Dividend ETF 1.9 26 24 7.6 -5.8
FSMD Fidelity Small-Mid Multifactor ETF 1.9 15 35 7.0 -6.4
WDIV SPDR S&P Global Dividend ETF 1.9 40 10 9.2 -4.2
NUSC Nuveen ESG Small-Cap ETF 1.9 31 19 5.3 -8.1
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 38 7.0 -6.4
ULVM VictoryShares US Value Momentum ETF 1.9 20 30 7.3 -6.1
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 21 6.2 -7.2
FNDA Schwab Fundamental US Small Co. Index ETF 1.8 25 25 8.2 -5.2
EQAL Invesco Russell 1000 Equal Weight ETF 1.8 20 30 6.8 -6.6
DIV Global X SuperDividend US ETF 1.8 45 5 11.7 -1.7
IMCV iShares Morningstar Mid-Cap Value ETF 1.8 6 44 8.0 -5.4
PY Principal Value ETF 1.8 15 35 7.1 -6.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.8 15 35 7.2 -6.2
MDY SPDR S&P Midcap 400 ETF Trust 1.7 24 26 7.1 -6.3
SCHM Schwab U.S. Mid-Cap ETF 1.7 4 46 6.6 -6.8
IJH iShares Core S&P Mid-Cap ETF 1.7 5 45 7.3 -6.1
SMLF iShares U.S. SmallCap Equity Factor ETF 1.7 15 35 5.9 -7.5
ISMD Inspire Small/Mid Cap ETF 1.7 54 -4 5.5 -7.9
PTL Inspire 500 ETF 1.7 9 41 5.2 -8.2
INRO iShares U.S. Industry Rotation Active ETF 1.7 42 8 4.2 -9.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 32 7.7 -5.7
SWP SWP Growth & Income ETF 1.7 99 -49 4.1 -9.3
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 7 43 7.4 -6.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 47 7.3 -6.1
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 37 5.7 -7.7
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.7 55 -5 4.2 -9.2
FLDZ RiverNorth Patriot ETF 1.6 75 -25 6.1 -7.3
IWR iShares Russell Midcap ETF 1.6 19 31 5.7 -7.7
VB Vanguard Small-Cap ETF 1.6 5 45 6.1 -7.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 20 13.0 -0.4
SFYX SoFi Next 500 ETF 1.5 0 50 5.7 -7.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 15 6.1 -7.3
DTD WisdomTree U.S. Total Dividend Fund 1.5 28 22 6.3 -7.1
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 44 9.2 -4.2
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.5 20 30 6.4 -7.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.5 14 36 4.8 -8.5
DLN WisdomTree U.S. LargeCap Dividend Fund 1.4 28 22 5.9 -7.5
VLUE iShares MSCI USA Value Factor ETF 1.4 15 35 9.5 -3.9
BDIV AAM Brentview Dividend Growth ETF 1.4 49 1 4.6 -8.8
HAPY Harbor Human Capital Factor Unconstrained ETF 1.4 50 0 5.6 -7.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.4 9 41 4.2 -9.2
SMAP Amplify Small-Mid Cap Equity ETF 1.4 60 -10 5.5 -7.9
OSCV Opus Small Cap Value ETF 1.4 79 -29 6.4 -7.0
XSMO Invesco S&P SmallCap Momentum ETF 1.4 39 11 5.5 -7.9
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 27 5.7 -7.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 26 7.7 -5.7
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.4 55 -5 9.9 -3.5
WCEO Hypatia Women CEO ETF 1.4 85 -35 3.7 -9.6
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.4 12 38 5.7 -7.7
GOP Unusual Whales Subversive Republican Trading ETF 1.3 50 0 5.5 -7.9
VOT Vanguard Mid-Cap Growth ETF 1.3 7 43 3.5 -9.8
SIZE iShares MSCI USA Size Factor ETF 1.3 15 35 6.0 -7.4
IMCB iShares Morningstar Mid-Cap ETF 1.3 4 46 6.0 -7.4
BLES Inspire Global Hope ETF 1.3 61 -11 6.8 -6.6
EUSA iShares MSCI USA Equal Weighted ETF 1.3 9 41 6.1 -7.3
STXV Strive 1000 Value ETF 1.3 18 32 8.0 -5.4
QUVU Hartford Quality Value ETF 1.3 46 4 7.3 -6.1
JPEF JPMorgan Equity Focus ETF 1.2 50 0 4.3 -9.1
SPVM Invesco S&P 500 Value with Momentum ETF 1.2 39 11 7.6 -5.8
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.2 80 -30 6.7 -6.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.2 10 40 4.3 -9.1
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 46 5.9 -7.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.2 73 -23 10.5 -2.9
FVAL Fidelity Value Factor ETF 1.2 15 35 6.8 -6.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.2 17 33 5.7 -7.7
DIVG Invesco S&P 500 High Dividend Growers ETF 1.2 39 11 8.3 -5.0
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 38 6.5 -6.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.2 30 20 8.2 -5.2
GURU Global X Guru Index ETF 1.2 75 -25 3.0 -10.4
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 38 8.1 -5.3
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.1 49 1 9.4 -4.0
RSP Invesco S&P 500 Equal Weight ETF 1.1 20 30 6.5 -6.8
SMMD iShares Russell 2500 ETF 1.1 15 35 6.1 -7.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.1 38 12 9.2 -4.2
BYRE Principal Real Estate Active Opportunities ETF 1.1 65 -15 6.5 -6.9
SFYF SoFi Social 50 ETF 1.1 29 21 0.4 -13.0
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 6.7 -6.7
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 2 4.4 -9.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.1 10 40 4.3 -9.1
REVS Columbia Research Enhanced Value ETF 1.1 19 31 7.5 -5.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.6 -8.8
ISCB iShares Morningstar Small-Cap ETF 1.1 4 46 6.2 -7.2
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.7 -6.7
STXK Strive Small-Cap ETF 1.1 18 32 5.8 -7.6
DGT SPDR Global Dow ETF 1.1 50 0 7.0 -6.4
VEGN US Vegan Climate ETF 1.0 60 -10 4.5 -8.9
EZM WisdomTree U.S. MidCap Fund 1.0 38 12 9.0 -4.4
CVY Invesco Zacks Multi-Asset Income ETF 1.0 106 -56 12.2 -1.2
XMMO Invesco S&P MidCap Momentum ETF 1.0 34 16 5.6 -7.8
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.2 -7.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 41 6.1 -7.3
IWN iShares Russell 2000 Value ETF 1.0 24 26 7.3 -6.1
IWD iShares Russell 1000 Value ETF 1.0 19 31 6.4 -7.0
BGIG Bahl & Gaynor Income Growth ETF 1.0 45 5 5.2 -8.2
VTWV Vanguard Russell 2000 Value ETF 1.0 10 40 7.3 -6.1
YALL God Bless America ETF 1.0 65 -15 3.6 -9.8
VONV Vanguard Russell 1000 Value ETF 0.9 7 43 6.5 -6.9
SCHA Schwab U.S. Small-Cap ETF 0.9 4 46 5.9 -7.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.9 15 35 5.3 -8.1
USXF iShares ESG Advanced MSCI USA ETF 0.9 10 40 4.5 -8.9
CHGX AXS Change Finance ESG ETF 0.9 49 1 4.8 -8.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 35 7.7 -5.6
VALQ American Century U.S. Quality Value ETF 0.9 29 21 7.7 -5.7
PRXV Praxis Impact Large Cap Value ETF 0.9 36 14 6.5 -6.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -11 5.9 -7.5
CGDV Capital Group Dividend Value ETF 0.9 33 17 4.5 -8.9
AFMC First Trust Active Factor Mid Cap ETF 0.9 65 -15 8.4 -5.0
FVD First Trust Value Line Dividend Index Fund 0.9 65 -15 6.2 -7.2
ESIX SPDR S&P SmallCap 600 ESG ETF 0.9 12 38 7.9 -5.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.9 12 38 7.2 -6.1
VO Vanguard Mid-Cap ETF 0.9 4 46 5.7 -7.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.9 59 -9 8.9 -4.5
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 15 12.9 -0.5
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.0 -6.4
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.9 60 -10 9.4 -4.0
FUNL CornerCap Fundametrics Large-Cap ETF 0.9 50 0 7.2 -6.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 43 6.0 -7.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.9 67 -17 9.8 -3.6
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.9 5 45 7.9 -5.5
IUSV iShares Core S&P US Value ETF 0.9 4 46 6.4 -7.0
DIVB iShares Core Dividend ETF 0.8 5 45 8.0 -5.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.8 10 40 5.1 -8.3
VXF Vanguard Extended Market ETF 0.8 5 45 4.7 -8.7
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 5.2 -8.2
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.8 56 -6 6.1 -7.3
KLMN Invesco MSCI North America Climate ETF 0.8 9 41 4.9 -8.4
JGLO JPMorgan Global Select Equity ETF 0.8 33 17 4.9 -8.5
VTV Vanguard Value ETF 0.8 4 46 6.9 -6.5
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 1 6.1 -7.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 -10 7.3 -6.1
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -5 6.3 -7.1
ILCV iShares Morningstar Value ETF 0.8 4 46 6.4 -6.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 30 5.5 -7.9
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 9.7 -3.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 11 5.8 -7.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.8 15 35 4.9 -8.5
FQAL Fidelity Quality Factor ETF 0.8 15 35 5.6 -7.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 44 3.9 -9.4
VOOV Vanguard S&P 500 Value ETF 0.7 7 43 6.3 -7.1
IVE iShares S&P 500 Value ETF 0.7 18 32 6.1 -7.3
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 46 6.3 -7.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.7 9 41 5.5 -7.9
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -9 4.3 -9.1
PFM Invesco Dividend Achievers ETF 0.7 53 -3 5.3 -8.1
ZECP Zacks Earnings Consistent Portfolio ETF 0.7 55 -5 4.8 -8.6
SDIV Global X Superdividend ETF 0.7 58 -8 41.3 +27.9
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 8 6.3 -7.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.1 -8.3
MGV Vanguard Mega Cap Value ETF 0.7 7 43 6.6 -6.8
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.7 19 31 5.3 -8.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 4.8 -8.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.7 15 35 9.7 -3.7
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 38 7.3 -6.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.7 10 40 9.7 -3.6
RSSL Global X Russell 2000 ETF 0.7 8 42 4.4 -9.0
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -15 4.1 -9.2
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 4.8 -8.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 33 5.8 -7.6
CGDG Capital Group Dividend Growers ETF 0.7 47 3 6.3 -7.1
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 11 6.8 -6.6
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 7.4 -6.0
IJR iShares Core S&P Small Cap ETF 0.7 6 44 7.6 -5.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 5.2 -8.2
MAGA Point Bridge America First ETF 0.7 72 -22 5.7 -7.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 4.9 -8.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 10 40 6.0 -7.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 44 2.9 -10.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.6 8 42 4.9 -8.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.6 15 35 5.8 -7.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 47 7.6 -5.8
BLCV iShares Large Cap Value Active ETF 0.6 53 -3 7.3 -6.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.6 35 15 5.1 -8.3
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 43 7.6 -5.8
FESM Fidelity Enhanced Small Cap ETF 0.6 28 22 7.2 -6.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.6 35 15 7.1 -6.2
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.4 -8.0
ESGV Vanguard ESG U.S. Stock ETF 0.6 9 41 4.7 -8.7
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 5.4 -8.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 14 10.4 -3.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 32 5.4 -8.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -20 10.8 -2.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 41 4.6 -8.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 4.9 -8.5
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 40 5.7 -7.7
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 8 6.6 -6.8
SGLC SGI U.S. Large Cap Core ETF 0.6 85 -35 4.0 -9.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 1 5.8 -7.6
DSI iShares MSCI KLD 400 Social ETF 0.6 25 25 4.8 -8.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 35 5.5 -7.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 40 5.6 -7.8
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.3 -8.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 25 5.6 -7.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 6.9 -6.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 11 5.3 -8.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 39 5.1 -8.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 4.8 -8.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 15 10.0 -3.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 -9 5.8 -7.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 4.9 -8.5
VOE Vanguard Mid-Cap Value ETF 0.5 7 43 7.6 -5.8
FDLO Fidelity Low Volatility Factor ETF 0.5 15 35 5.4 -8.0
IWX iShares Russell Top 200 Value ETF 0.5 20 30 6.2 -7.2
DSPY Tema S&P 500 Historical Weight ETF 0.5 18 32 5.1 -8.3
QDF FlexShares Quality Dividend Index Fund 0.5 37 13 6.2 -7.2
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 23 8.7 -4.7
RECS Columbia Research Enhanced Core ETF 0.5 15 35 5.6 -7.7
FDMO Fidelity Momentum Factor ETF 0.5 15 35 3.6 -9.7
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -22 6.5 -6.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 15 9.3 -4.1
VONE Vanguard Russell 1000 ETF 0.5 7 43 4.9 -8.5
IWV iShares Russell 3000 ETF 0.5 20 30 4.7 -8.7
VTHR Vanguard Russell 3000 ETF 0.5 7 43 4.8 -8.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 13 6.0 -7.4
KRMA Global X Conscious Companies ETF 0.5 43 7 5.8 -7.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.1 -8.3
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.9 -8.5
IWB iShares Russell 1000 ETF 0.5 15 35 4.8 -8.6
SCHB Schwab U.S. Broad Market ETF 0.5 3 47 5.0 -8.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.9 -8.5
USMF WisdomTree U.S. Multifactor Fund 0.5 28 22 7.0 -6.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 20 6.6 -6.8
VTWO Vanguard Russell 2000 ETF 0.5 7 43 4.3 -9.1
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.8 -8.6
IWM iShares Russell 2000 ETF 0.5 19 31 4.3 -9.1
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 4.8 -8.6
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.6 -8.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 4.9 -8.5
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 9.2 -4.2
ACVF American Conservative Values ETF 0.5 75 -25 4.3 -9.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -21 0.5 -12.9
SCHK Schwab 1000 Index ETF 0.5 5 45 5.0 -8.4
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 4.9 -8.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 4.9 -8.5
VOTE TCW Transform 500 ETF 0.5 5 45 4.8 -8.6
PBUS Invesco MSCI USA ETF 0.5 4 46 4.8 -8.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 4.5 -8.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 4.8 -8.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -15 6.4 -7.0
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.7 -6.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 30 7.6 -5.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 21 6.4 -7.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.4 20 30 4.7 -8.7
JEPI JPMorgan Equity Premium Income ETF 0.4 35 15 5.6 -7.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 5.0 -8.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 25 7.2 -6.2
SPY SPDR S&P 500 ETF Trust 0.4 9 41 4.9 -8.5
VOO Vanguard S&P 500 ETF 0.4 3 47 5.0 -8.4
IVV iShares Core S&P 500 ETF 0.4 3 47 4.9 -8.5
SPLG SPDR Portfolio S&P 500 ETF 0.4 2 48 4.9 -8.4
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 0 8.1 -5.3
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 47 4.8 -8.6
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -30 6.1 -7.3
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.1 -8.3
APUE ActivePassive U.S. Equity ETF 0.4 45 5 4.6 -8.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.2 -8.2
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 7.0 -6.4
HLAL Wahed FTSE USA Shariah ETF 0.4 50 0 4.7 -8.7
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 27 3.4 -10.0
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.4 -6.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.5 -8.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 15 5.9 -7.4
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 32 6.7 -6.7
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 32 6.5 -6.9
VV Vanguard Large-Cap ETF 0.4 4 46 4.8 -8.6
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 4.9 -8.5
EES WisdomTree U.S. SmallCap Fund 0.4 38 12 8.6 -4.7
VBK Vanguard Small-Cap Growth ETF 0.4 7 43 1.9 -11.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 -10 2.0 -11.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 41 5.2 -8.2
STRV Strive 500 ETF 0.4 5 45 4.8 -8.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 5.6 -7.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.4 65 -15 3.5 -9.9
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 7.5 -5.8
HDUS Hartford Disciplined US Equity ETF 0.4 19 31 5.7 -7.7
TOV JLens 500 Jewish Advocacy U.S. ETF 0.3 18 32 4.6 -8.8
TOK iShares MSCI Kokusai ETF 0.3 26 24 5.0 -8.4
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 1 4.8 -8.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 25 7.2 -6.2
RVRB Reverb ETF 0.3 30 20 4.5 -8.9
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 5.7 -7.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.4 -9.0
URTH iShares MSCI World ETF 0.3 24 26 5.1 -8.3
SFY SoFi Select 500 ETF 0.3 0 50 4.4 -9.0
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 -10 3.9 -9.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 5.7 -7.7
VT Vanguard Total World Stock ETF 0.3 6 44 5.9 -7.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 9.3 -4.1
QUAL iShares MSCI USA Quality Factor ETF 0.3 15 35 5.4 -8.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.3 52 -2 6.3 -7.1
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.5 -7.8
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 5.2 -8.2
OPTZ Optimize Strategy Index ETF 0.3 50 0 4.6 -8.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 9.6 -3.8
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.8 -7.5
MGC Vanguard Mega Cap ETF 0.3 7 43 4.6 -8.8
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.2 -11.2
HLGE Hartford Longevity Economy ETF 0.3 44 6 -0.4 -13.8
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.6 -5.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 38 4.5 -8.9
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 30 5.0 -8.4
ROUS Hartford Multifactor US Equity ETF 0.2 19 31 7.0 -6.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 21 4.4 -8.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -14 2.2 -11.2
IWL iShares Russell Top 200 ETF 0.2 15 35 4.6 -8.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.3 -7.1
PSC Principal U.S. Small-Cap ETF 0.2 38 12 6.8 -6.6
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 -7.7
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.2 -9.2
JAVA JPMorgan Active Value ETF 0.2 44 6 6.4 -7.0
STXG Strive 1000 Growth ETF 0.2 18 32 3.8 -9.5
AIEQ AI Powered Equity ETF 0.2 75 -25 3.7 -9.7
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.6 -7.8
IVW iShares S&P 500 Growth ETF 0.2 18 32 4.0 -9.4
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.1 -9.3
VOOG Vanguard S&P 500 Growth ETF 0.2 7 43 4.1 -9.3
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -9 2.7 -10.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -25 4.0 -9.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.1 70 -20 2.8 -10.6
RWL Invesco S&P 500 Revenue ETF 0.1 39 11 6.8 -6.6
GSPY Gotham Enhanced 500 ETF 0.1 50 0 5.2 -8.1
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.6 -9.8
VUSE Vident U.S. Equity Strategy ETF 0.1 50 0 4.5 -8.9
OEF iShares S&P 100 ETF 0.1 20 30 4.5 -8.9
HKND Humankind US Stock ETF 0.1 11 39 7.1 -6.3
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 35 4.7 -8.7
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.5 -6.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 -7.4
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 21 7.1 -6.3
VUG Vanguard Growth ETF 0.1 4 46 4.0 -9.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -75 5.3 -8.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.9 -7.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.5 -8.9
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.1 25 25 5.3 -8.1
EBI Longview Advantage ETF 0.1 35 15 6.5 -6.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 30 6.2 -7.2
PKW Invesco Buyback Achievers ETF 0.1 62 -12 7.1 -6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.7 -9.7
IWF iShares Russell 1000 Growth ETF 0.0 19 31 4.4 -9.0
VONG Vanguard Russell 1000 Growth ETF 0.0 7 43 4.4 -8.9
AVUQ Avantis U.S. Quality ETF 0.0 15 35 4.4 -9.0

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 0.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 13.4 %
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.