VanEck Office and Commercial REIT ETF
ALTAR
Score™		 9.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 11.6x P/Sales
ratio		 4.4x
P/BV
ratio		 1.0x Div.
yield		 4.2%


  • 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) $11,173
Large cap (>$10bn) 27.1%
Mid cap ($2-10bn) 60.7%
Small cap (<$2bn) 12.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VORNADO REALTY TRUST 11.4 %
BOSTON PROPERTIES INC 9.9 %
KILROY REALTY CORP 8.7 %
SL GREEN REALTY CORP 8.5 %
COUSINS PROPERTIES INC 6.6 %
CORPORATE OFFICE PROPERTIES 6.2 %
EQUITY COMMONWEALTH 4.7 %
DOUGLAS EMMETT INC 4.4 %
HIGHWOODS PROPERTIES INC 4.3 %
SIMON PROPERTY GROUP INC 4.2 %
Total 69.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.2% -- -- -- 20.2%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $44.24
30d moving avg. $44.88
Annualized volatility 0.0%
Short interest (ETF) 10.8%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 2.5%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $1,887

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 430 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™: 9.7%


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 25.8 53 -3 5.6 -4.1
RWR SPDR Dow Jones REIT ETF 20.7 25 25 6.1 -3.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 20.1 11 39 6.3 -3.4
FRI First Trust S&P REIT Index Fund 19.7 50 0 5.9 -3.8
USRT iShares Core U.S. REIT ETF 19.1 8 42 6.3 -3.4
IRET iREIT - MarketVector Quality REIT Index ETF 18.5 60 -10 6.2 -3.5
DFAR Dimensional US Real Estate ETF 18.4 19 31 6.3 -3.4
PSR Invesco Active U.S. Real Estate Fund 18.3 35 15 6.1 -3.7
BLDG Cambria Global Real Estate ETF 18.2 60 -10 14.3 +4.5
SCHH Schwab U.S. REIT ETF 18.2 7 43 6.5 -3.2
REAI Intelligent Real Estate ETF 17.6 59 -9 12.8 +3.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 17.5 35 15 16.8 +7.1
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 17.4 40 10 6.1 -3.6
FREL Fidelity MSCI Real Estate Index ETF 17.3 8 42 6.1 -3.6
VNQ Vanguard Real Estate ETF 17.2 12 38 6.2 -3.6
RWO SPDR Dow Jones Global Real Estate ETF 17.2 50 0 6.1 -3.6
ICF iShares Cohen & Steers REIT ETF 16.9 33 17 5.8 -4.0
IYR iShares U.S. Real Estate ETF 16.8 40 10 6.0 -3.7
ERET iShares Environmentally Aware Real Estate ETF 16.2 30 20 6.5 -3.3
REET iShares Global REIT ETF 16.0 14 36 6.2 -3.5
GQRE FlexShares Global Quality Real Estate Index Fund 15.9 45 5 5.9 -3.8
DFGR Dimensional Global Real Estate ETF 14.8 22 28 6.2 -3.5
VGSR Vert Global Sustainable Real Estate ETF 14.8 47 3 5.6 -4.1
XLRE Real Estate Select Sector SPDR Fund 14.7 9 41 5.9 -3.8
CRED Columbia Research Enhanced Real Estate ETF 13.9 33 17 7.0 -2.7
JRE Janus Henderson U.S. Real Estate ETF 13.3 65 -15 5.6 -4.2
AVRE Avantis Real Estate ETF 12.3 17 33 5.9 -3.9
JPRE JPMorgan Realty Income ETF 12.0 50 0 5.4 -4.3
RIET Hoya Capital High Dividend Yield ETF 11.9 50 0 12.3 +2.5
IVRA Invesco Real Assets ESG ETF 11.9 59 -9 5.4 -4.4
ICAP InfraCap Equity Income Fund ETF 11.0 171 -121 6.0 -3.7
RDOG ALPS REIT Dividend Dogs ETF 8.5 35 15 16.8 +7.1
IQRA IQ CBRE Real Assets ETF 8.0 65 -15 5.2 -4.6
FPRO Fidelity Real Estate Investment ETF 7.5 59 -9 4.7 -5.1
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.5 7 43 8.8 -1.0
NIXT Research Affiliates Deletions ETF 6.4 9 41 5.2 -4.5
INDS Pacer Industrial Real Estate ETF 6.3 55 -5 5.7 -4.1
RITA ETFB Green SRI REITs ETF 6.1 50 0 4.9 -4.8
NETL NETLease Corporate Real Estate ETF 5.4 60 -10 8.5 -1.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.3 30 20 10.0 +0.2
BIBL Inspire 100 ETF 5.1 35 15 5.1 -4.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.6 30 20 8.2 -1.5
VRAI Virtus Real Asset Income ETF 4.5 55 -5 8.0 -1.8
ROOF IQ CBRE NextGen Real Estate ETF 4.3 60 -10 8.1 -1.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 4.3 60 -10 6.4 -3.3
SPRE SP Funds S&P Global REIT Sharia ETF 4.3 55 -5 4.6 -5.1
PSCF Invesco S&P SmallCap Financials ETF 4.3 29 21 8.5 -1.3
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 4.3 60 -10 8.3 -1.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 4.2 60 -10 6.1 -3.7
TBG TBG Dividend Focus ETF 4.2 59 -9 6.8 -3.0
ERTH Invesco MSCI Sustainable Future ETF 4.2 62 -12 3.6 -6.1
SPDV AAM S&P 500 High Dividend Value ETF 4.0 29 21 9.6 -0.1
WDIV SPDR S&P Global Dividend ETF 3.7 40 10 9.4 -0.4
PFI Invesco Dorsey Wright Financial Momentum ETF 3.5 60 -10 5.0 -4.7
KEAT Keating Active ETF 3.5 85 -35 0.0 -9.7
ABEQ Absolute Select Value ETF 3.5 85 -35 4.3 -5.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 3.3 75 -25 4.6 -5.2
CVAR Cultivar ETF 3.3 87 -37 6.7 -3.1
FDVV Fidelity High Dividend ETF 3.1 15 35 8.7 -1.1
SCAP InfraCap Small Cap Income ETF 3.0 135 -85 8.5 -1.2
BGIG Bahl & Gaynor Income Growth ETF 2.9 45 5 5.0 -4.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.7 27 23 7.1 -2.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.6 15 35 6.9 -2.8
CVY Invesco Zacks Multi-Asset Income ETF 2.5 106 -56 9.8 +0.0
DEW WisdomTree Global High Dividend Fund 2.5 58 -8 8.5 -1.2
KRUZ Unusual Whales Subversive Republican Trading ETF 2.5 75 -25 5.4 -4.3
AFMC First Trust Active Factor Mid Cap ETF 2.5 65 -15 6.9 -2.9
IJJ iShares S&P Mid-Cap 400 Value ETF 2.5 18 32 6.9 -2.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.5 15 35 5.8 -4.0
PY Principal Value ETF 2.4 15 35 7.0 -2.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.4 15 35 7.0 -2.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.4 15 35 7.0 -2.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.4 25 25 7.2 -2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.3 29 21 6.5 -3.2
XMLV Invesco S&P MidCap Low Volatility ETF 2.3 25 25 6.6 -3.2
GDVD R3 Global Dividend Growth ETF 2.3 88 -38 5.5 -4.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.3 24 26 7.3 -2.4
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.3 69 -19 8.1 -1.6
IMCV iShares Morningstar Mid-Cap Value ETF 2.3 6 44 7.5 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 2.2 20 30 9.3 -0.5
RFV Invesco S&P Midcap 400 Pure Value ETF 2.2 35 15 8.0 -1.7
SDY SPDR S&P Dividend ETF 2.2 35 15 5.9 -3.8
VBR Vanguard Small Cap Value ETF 2.2 7 43 7.8 -1.9
NUSC Nuveen ESG Small-Cap ETF 2.2 31 19 5.0 -4.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.1 39 11 8.6 -1.1
CHGX AXS Change Finance ESG ETF 2.1 49 1 5.3 -4.5
ISMD Inspire Small/Mid Cap ETF 2.1 54 -4 5.3 -4.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 35 6.8 -3.0
BMVP Invesco Bloomberg MVP Multi-factor ETF 2.0 29 21 6.4 -3.3
FNDA Schwab Fundamental US Small Co. Index ETF 2.0 25 25 6.0 -3.8
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 35 6.8 -2.9
DIV Global X SuperDividend US ETF 2.0 45 5 7.9 -1.9
SRET Global X SuperDividend REIT ETF 1.9 59 -9 9.7 -0.1
IWS iShares Russell Mid-Cap Value ETF 1.9 23 27 6.2 -3.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.9 9 41 3.3 -6.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.9 35 15 8.1 -1.7
SWP SWP Growth & Income ETF 1.9 99 -49 4.1 -5.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.9 18 32 7.2 -2.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.8 25 25 5.2 -4.6
SPLV Invesco S&P 500 Low Volatility ETF 1.8 25 25 5.1 -4.6
ALTL Pacer Lunt Large Cap Alternator ETF 1.8 60 -10 4.8 -4.9
FCPI Fidelity Stocks for Inflation ETF 1.8 15 35 8.1 -1.7
AFSM First Trust Active Factor Small Cap ETF 1.8 75 -25 6.3 -3.4
JPEF JPMorgan Equity Focus ETF 1.8 50 0 4.0 -5.8
DON WisdomTree U.S. MidCap Dividend Fund 1.8 38 12 7.7 -2.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.8 10 40 4.4 -5.3
SMLF iShares U.S. SmallCap Equity Factor ETF 1.7 15 35 4.6 -5.1
MBOX Freedom Day Dividend ETF 1.7 39 11 7.4 -2.3
DEMZ Democratic Large Cap Core ETF 1.7 45 5 4.2 -5.6
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.7 55 -5 4.3 -5.5
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.7 25 25 9.6 -0.1
RNSC Furst Trust Small Cap US Equity Select ETF 1.7 60 -10 6.8 -2.9
IJS iShares S&P Small-Cap 600 Value ETF 1.7 18 32 7.4 -2.3
EQAL Invesco Russell 1000 Equal Weight ETF 1.6 20 30 6.3 -3.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.6 10 40 4.5 -5.2
ULVM VictoryShares US Value Momentum ETF 1.6 20 30 7.0 -2.8
CZA Invesco Zacks Mid-Cap ETF 1.6 72 -22 5.6 -4.1
SCHM Schwab U.S. Mid-Cap ETF 1.6 4 46 6.0 -3.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.6 15 35 7.4 -2.3
SLYV SPDR S&P 600 Small Cap Value ETF 1.6 15 35 7.4 -2.3
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 15 5.8 -3.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 6.4 -3.4
IWR iShares Russell Midcap ETF 1.6 19 31 5.4 -4.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.6 38 12 6.8 -2.9
SFYX SoFi Next 500 ETF 1.6 0 50 4.7 -5.0
BKSE BNY Mellon US Small Cap Core Equity ETF 1.6 4 46 4.8 -5.0
STXK Strive Small-Cap ETF 1.5 18 32 5.0 -4.8
XJH iShares ESG Screened S&P Mid-Cap ETF 1.5 12 38 6.5 -3.3
ETHO Etho Climate Leadership U.S. ETF 1.5 47 3 3.4 -6.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.5 17 33 4.7 -5.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.5 73 -23 7.8 -2.0
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 44 7.2 -2.6
PTL Inspire 500 ETF 1.5 9 41 5.6 -4.1
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.5 56 -6 5.9 -3.8
BDIV AAM Brentview Dividend Growth ETF 1.5 49 1 4.4 -5.3
FSST Fidelity Sustainable U.S. Equity ETF 1.5 59 -9 2.4 -7.3
JHDV John Hancock U.S. High Dividend ETF 1.5 34 16 6.2 -3.5
HAPY Harbor Human Capital Factor Unconstrained ETF 1.5 50 0 4.4 -5.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 46 5.6 -4.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.4 15 35 6.7 -3.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.4 14 36 5.0 -4.7
STXM Strive Mid-Cap ETF 1.4 18 32 6.1 -3.7
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 46 5.7 -4.1
BFGFX Baron Focused Growth Retail 1.4 75 -25 3.1 -6.7
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.4 49 1 10.4 +0.7
MDY SPDR S&P Midcap 400 ETF Trust 1.4 24 26 6.2 -3.6
IJH iShares Core S&P Mid-Cap ETF 1.4 5 45 6.4 -3.4
NTZG Nuveen Global Net Zero Transition ETF 1.4 56 -6 4.7 -5.0
VB Vanguard Small-Cap ETF 1.4 5 45 4.9 -4.8
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.4 80 -30 5.8 -4.0
INRO iShares U.S. Industry Rotation Active ETF 1.4 42 8 4.5 -5.3
IVOO Vanguard S&P Mid-Cap 400 ETF 1.3 10 40 6.4 -3.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.3 3 47 6.4 -3.4
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 1.3 60 -10 4.0 -5.8
BLES Inspire Global Hope ETF 1.3 61 -11 6.4 -3.3
WCEO Hypatia Women CEO ETF 1.3 85 -35 4.2 -5.5
BUYZ Franklin Disruptive Commerce ETF 1.3 50 0 1.8 -7.9
ESIX SPDR S&P SmallCap 600 ESG ETF 1.3 12 38 7.4 -2.3
JGLO JPMorgan Global Select Equity ETF 1.3 33 17 4.5 -5.3
DGT SPDR Global Dow ETF 1.3 50 0 6.8 -3.0
FLDZ RiverNorth Patriot ETF 1.3 75 -25 5.2 -4.6
FYX First Trust Small Cap Core AlphaDEX Fund 1.3 61 -11 4.6 -5.2
SIZE iShares MSCI USA Size Factor ETF 1.3 15 35 5.6 -4.2
NUMV Nuveen ESG Mid-Cap Value ETF 1.3 31 19 6.6 -3.1
FVAL Fidelity Value Factor ETF 1.3 15 35 7.1 -2.7
VALQ American Century U.S. Quality Value ETF 1.3 29 21 7.4 -2.3
GURU Global X Guru Index ETF 1.3 75 -25 1.7 -8.1
VLUE iShares MSCI USA Value Factor ETF 1.3 15 35 10.2 +0.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.3 15 35 7.5 -2.3
BLLD JPMorgan Sustainable Infrastructure ETF 1.3 49 1 5.7 -4.1
VOT Vanguard Mid-Cap Growth ETF 1.3 7 43 3.4 -6.4
VTWV Vanguard Russell 2000 Value ETF 1.2 15 35 4.9 -4.8
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 38 7.8 -2.0
STXV Strive 1000 Value ETF 1.2 18 32 7.5 -2.2
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 38 6.2 -3.5
SDIV Global X Superdividend ETF 1.2 58 -8 14.9 +5.2
DLN WisdomTree U.S. LargeCap Dividend Fund 1.2 28 22 5.7 -4.0
XSMO Invesco S&P SmallCap Momentum ETF 1.2 39 11 6.8 -2.9
DTD WisdomTree U.S. Total Dividend Fund 1.2 28 22 6.0 -3.8
IUSV iShares Core S&P US Value ETF 1.2 4 46 6.4 -3.3
FESM Fidelity Enhanced Small Cap ETF 1.2 28 22 1.7 -8.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.2 24 26 7.0 -2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 1.2 60 -10 6.8 -2.9
SFYF SoFi Social 50 ETF 1.2 29 21 -2.2 -11.9
LRGC AB US Large Cap Strategic Equities ETF 1.2 48 2 4.6 -5.2
EUSA iShares MSCI USA Equal Weighted ETF 1.1 9 41 5.7 -4.1
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 11 9.9 +0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 1.1 70 -20 10.0 +0.3
RSP Invesco S&P 500 Equal Weight ETF 1.1 20 30 6.1 -3.7
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 6.4 -3.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.1 60 -10 6.3 -3.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.1 60 -10 1.4 -8.4
SCHA Schwab U.S. Small-Cap ETF 1.1 4 46 4.4 -5.3
YALL God Bless America ETF 1.1 65 -15 3.2 -6.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.1 15 35 4.7 -5.1
IWD iShares Russell 1000 Value ETF 1.1 19 31 6.1 -3.6
VONV Vanguard Russell 1000 Value ETF 1.1 8 42 6.3 -3.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.1 39 11 5.8 -4.0
SMMD iShares Russell 2500 ETF 1.1 15 35 5.5 -4.2
VOOV Vanguard S&P 500 Value ETF 1.1 10 40 6.3 -3.4
QUVU Hartford Quality Value ETF 1.1 46 4 6.6 -3.1
IVE iShares S&P 500 Value ETF 1.1 18 32 6.3 -3.5
SPYV SPDR Portfolio S&P 500 Value ETF 1.1 4 46 6.4 -3.4
SNPV Xtrackers S&P 500 Value ESG ETF 1.1 15 35 6.4 -3.4
FMDE Fidelity Enhanced Mid Cap ETF 1.1 23 27 6.0 -3.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.1 9 41 5.8 -4.0
USXF iShares ESG Advanced MSCI USA ETF 1.1 10 40 5.0 -4.7
IWN iShares Russell 2000 Value ETF 1.1 24 26 4.8 -5.0
VO Vanguard Mid-Cap ETF 1.1 4 46 5.3 -4.4
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.3 -3.4
ROE Astoria US Quality Kings ETF 1.0 49 1 7.2 -2.5
VFMV Vanguard U.S. Minimum Volatility ETF 1.0 13 37 5.0 -4.8
FMIL Fidelity New Millennium ETF 1.0 59 -9 4.8 -5.0
VEGN US Vegan Climate ETF 1.0 60 -10 4.5 -5.2
EES WisdomTree U.S. SmallCap Fund 1.0 38 12 9.1 -0.7
DHS WisdomTree U.S. High Dividend Fund 1.0 38 12 7.6 -2.2
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.0 60 -10 8.7 -1.0
FQAL Fidelity Quality Factor ETF 1.0 15 35 5.8 -3.9
BYRE Principal Real Estate Active Opportunities ETF 1.0 65 -15 5.3 -4.4
BDFIX Baron Discovery 1.0 75 -25 0.2 -9.6
CGDG Capital Group Dividend Growers ETF 1.0 47 3 6.6 -3.1
DIVG Invesco S&P 500 High Dividend Growers ETF 1.0 39 11 7.5 -2.3
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 20 7.9 -1.8
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 38 7.0 -2.8
AUSF Global X Adaptive U.S. Factor ETF 1.0 27 23 8.6 -1.2
HAPI Harbor Human Capital Factor US Large Cap ETF 1.0 36 14 4.6 -5.2
ISCB iShares Morningstar Small-Cap ETF 0.9 4 46 4.8 -5.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.9 71 -21 -0.5 -10.2
DIVB iShares Core Dividend ETF 0.9 5 45 7.5 -2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 -20 2.7 -7.0
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 7.4 -2.3
HDUS Hartford Disciplined US Equity ETF 0.9 19 31 5.9 -3.8
VTV Vanguard Value ETF 0.9 4 46 6.6 -3.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.9 10 40 5.3 -4.4
VOE Vanguard Mid-Cap Value ETF 0.9 7 43 6.9 -2.8
SPHB Invesco S&P 500 High Beta ETF 0.9 25 25 3.5 -6.2
IJR iShares Core S&P Small Cap ETF 0.9 6 44 6.6 -3.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 11 4.1 -5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -17 8.6 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 10 40 6.6 -3.2
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 4.7 -5.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.8 80 -30 5.8 -3.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 47 6.7 -3.1
REVS Columbia Research Enhanced Value ETF 0.8 19 31 7.4 -2.4
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 11 6.8 -3.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 1 5.6 -4.1
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -5 5.8 -3.9
FLQL Franklin LibertyQ U.S. Equity ETF 0.8 15 35 5.9 -3.9
USMF WisdomTree U.S. Multifactor Fund 0.8 28 22 7.1 -2.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.8 64 -14 1.8 -7.9
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 45 7.3 -2.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.8 15 35 4.9 -4.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.8 9 41 5.3 -4.5
ZECP Zacks Earnings Consistent Portfolio ETF 0.8 55 -5 4.7 -5.0
ILCV iShares Morningstar Value ETF 0.8 4 46 6.2 -3.5
MGV Vanguard Mega Cap Value ETF 0.8 7 43 6.4 -3.3
PFM Invesco Dividend Achievers ETF 0.8 53 -3 5.3 -4.4
VXF Vanguard Extended Market ETF 0.8 6 44 3.5 -6.3
RFFC ALPS Active Equity Opportunity ETF 0.8 48 2 4.5 -5.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 30 4.6 -5.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.7 7 43 5.0 -4.8
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.7 35 15 4.6 -5.2
RSSL Global X Russell 2000 ETF 0.7 8 42 2.6 -7.2
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 38 6.7 -3.1
FDMO Fidelity Momentum Factor ETF 0.7 15 35 4.0 -5.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.7 35 15 5.1 -4.6
QUAL iShares MSCI USA Quality Factor ETF 0.7 15 35 5.3 -4.5
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 25 6.8 -3.0
KLMT Invesco MSCI Global Climate 500 ETF 0.7 10 40 5.4 -4.3
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.2 -4.5
SVAL iShares US Small Cap Value Factor ETF 0.7 20 30 9.8 +0.1
JHSC John Hancock Multifactor Small Cap ETF 0.7 42 8 6.6 -3.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.7 8 42 5.0 -4.8
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 0 6.7 -3.0
HAPS Harbor Human Capital Factor US Small Cap ETF 0.7 60 -10 2.4 -7.4
JEPI JPMorgan Equity Premium Income ETF 0.7 35 15 5.1 -4.6
SPVM Invesco S&P 500 Value with Momentum ETF 0.7 39 11 7.8 -1.9
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 -9 2.4 -7.3
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 4.8 -5.0
APUE ActivePassive U.S. Equity ETF 0.7 45 5 4.8 -5.0
DSI iShares MSCI KLD 400 Social ETF 0.7 25 25 5.0 -4.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 41 4.9 -4.8
SSLY Syntax Stratified SmallCap ETF 0.7 40 10 7.4 -2.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 0.6 70 -20 4.4 -5.4
IWX iShares Russell Top 200 Value ETF 0.6 20 30 6.0 -3.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 41 4.7 -5.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.6 25 25 5.2 -4.5
VTWO Vanguard Russell 2000 ETF 0.6 10 40 2.9 -6.9
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 5.4 -4.4
SMDY Syntax Stratified MidCap ETF 0.6 35 15 5.8 -4.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 4.8 -5.0
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 8 6.1 -3.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.6 6 44 4.0 -5.8
FDLO Fidelity Low Volatility Factor ETF 0.6 15 35 5.3 -4.5
ROSC Hartford Multifactor Small Cap ETF 0.6 34 16 8.6 -1.1
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 15 6.3 -3.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 39 4.9 -4.8
SCHB Schwab U.S. Broad Market ETF 0.6 3 47 4.9 -4.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.6 2 48 5.0 -4.8
SPXE ProShares S&P 500 Ex-Energy ETF 0.6 9 41 4.9 -4.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 47 5.1 -4.6
XVV iShares ESG Screened S&P 500 ETF 0.5 8 42 4.9 -4.9
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.7 -5.0
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 4.6 -5.1
VONE Vanguard Russell 1000 ETF 0.5 8 42 4.9 -4.9
VTHR Vanguard Russell 3000 ETF 0.5 10 40 4.7 -5.0
IWV iShares Russell 3000 ETF 0.5 20 30 4.7 -5.1
IWB iShares Russell 1000 ETF 0.5 15 35 4.8 -4.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 6.8 -3.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 21 4.9 -4.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 38 4.5 -5.2
MODL VictoryShares WestEnd U.S. Sector ETF 0.5 42 8 4.7 -5.0
HLAL Wahed FTSE USA Shariah ETF 0.5 50 0 4.9 -4.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.8 -4.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 39 4.8 -4.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.5 12 38 7.2 -2.6
SMCF Themes US Small Cap Cash Flow Champions ETF 0.5 29 21 10.2 +0.4
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.8 -5.0
PBUS Invesco MSCI USA ETF 0.5 4 46 5.0 -4.8
SCHK Schwab 1000 Index ETF 0.5 5 45 5.0 -4.8
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 5.0 -4.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 -9 5.6 -4.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 4.8 -4.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 6.8 -3.0
PSC Principal U.S. Small-Cap ETF 0.5 38 12 5.9 -3.9
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 5.3 -4.5
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 4.9 -4.8
LRGF iShares U.S. Equity Factor ETF 0.5 8 42 5.6 -4.1
IWM iShares Russell 2000 ETF 0.5 19 31 2.8 -7.0
IVV iShares Core S&P 500 ETF 0.5 3 47 5.0 -4.7
VOO Vanguard S&P 500 ETF 0.5 3 47 5.0 -4.7
SPLG SPDR Portfolio S&P 500 ETF 0.5 2 48 5.0 -4.7
SPY SPDR S&P 500 ETF Trust 0.5 9 41 5.0 -4.8
GDEF Goldman Sachs Defensive Equity ETF 0.5 55 -5 4.7 -5.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 30 4.9 -4.9
NUDV Nuveen ESG Dividend ETF 0.5 26 24 7.0 -2.8
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 6.3 -3.4
ACVF American Conservative Values ETF 0.5 75 -25 4.2 -5.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.1 -4.6
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 3.1 -6.7
KRMA Global X Conscious Companies ETF 0.5 43 7 5.7 -4.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 50 5.0 -4.7
VOTE TCW Transform 500 ETF 0.5 5 45 4.9 -4.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 43 5.3 -4.4
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 0 7.6 -2.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 15 6.6 -3.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 43 4.9 -4.8
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 30 4.9 -4.8
VV Vanguard Large-Cap ETF 0.4 4 46 4.9 -4.9
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.1 -4.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 5.4 -4.4
STRV Strive 500 ETF 0.4 5 45 4.9 -4.8
FBCV Fidelity Blue Chip Value ETF 0.4 59 -9 7.0 -2.8
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 5.1 -4.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.2 -4.5
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -30 4.2 -5.5
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 32 6.4 -3.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.4 65 -15 2.7 -7.1
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 8.1 -1.7
TOK iShares MSCI Kokusai ETF 0.4 26 24 5.0 -4.7
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 30 4.0 -5.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -2 5.3 -4.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 6.8 -2.9
RVRB Reverb ETF 0.4 30 20 4.7 -5.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 21 6.4 -3.4
RECS Columbia Research Enhanced Core ETF 0.4 15 35 5.5 -4.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 5.0 -4.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.5 -5.2
URTH iShares MSCI World ETF 0.4 24 26 5.2 -4.6
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 -9 8.2 -1.5
SFY SoFi Select 500 ETF 0.4 0 50 4.5 -5.3
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 33 6.9 -2.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.4 39 11 7.5 -2.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 20 5.4 -4.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 44 2.3 -7.5
VT Vanguard Total World Stock ETF 0.4 7 43 5.5 -4.2
VBK Vanguard Small-Cap Growth ETF 0.3 7 43 1.1 -8.7
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.3 -4.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.7 -5.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 33 5.7 -4.0
MGC Vanguard Mega Cap ETF 0.3 7 43 4.8 -4.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 35 5.7 -4.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 30 5.2 -4.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 35 5.7 -4.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 30 7.6 -2.2
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 5.9 -3.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -25 4.3 -5.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 11 6.9 -2.8
OPTZ Optimize Strategy Index ETF 0.3 50 0 2.9 -6.8
NULV Nuveen ESG Large-Cap Value ETF 0.3 26 24 6.7 -3.0
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 5.8 -4.0
STXG Strive 1000 Growth ETF 0.3 18 32 4.1 -5.7
JAVA JPMorgan Active Value ETF 0.3 44 6 5.7 -4.0
IWL iShares Russell Top 200 ETF 0.3 15 35 4.7 -5.0
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 38 5.3 -4.5
ILCG iShares Morningstar Growth ETF 0.2 4 46 3.9 -5.8
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 21 7.2 -2.6
OALC OneAscent Large Cap Core ETF 0.2 86 -36 4.3 -5.4
EZM WisdomTree U.S. MidCap Fund 0.2 38 12 7.4 -2.4
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 -4.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.2 -3.6
ROUS Hartford Multifactor US Equity ETF 0.2 19 31 6.5 -3.2
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 1 5.6 -4.2
GSPY Gotham Enhanced 500 ETF 0.2 50 0 5.2 -4.5
OEF iShares S&P 100 ETF 0.2 20 30 4.8 -5.0
PKW Invesco Buyback Achievers ETF 0.1 62 -12 6.4 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 41 5.4 -4.3
VUSE Vident U.S. Equity Strategy ETF 0.1 50 0 4.4 -5.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 11 6.7 -3.0
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 35 5.0 -4.7
HKND Humankind US Stock ETF 0.1 11 39 7.1 -2.6
HLGE Hartford Longevity Economy ETF 0.1 44 6 6.0 -3.8
GLOF iShares Global Equity Factor ETF 0.1 20 30 7.0 -2.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 -3.8
ERNZ TrueShares Active Yield ETF 0.1 75 -25 10.9 +1.2
VUG Vanguard Growth ETF 0.1 4 46 4.0 -5.7
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 46 4.7 -5.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.6 -4.1
IVW iShares S&P 500 Growth ETF 0.1 18 32 4.5 -5.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 46 4.6 -5.1
VOOG Vanguard S&P 500 Growth ETF 0.1 10 40 4.6 -5.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 12 4.8 -5.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 4.5 -5.3
IWF iShares Russell 1000 Growth ETF 0.1 19 31 4.5 -5.3
VONG Vanguard Russell 1000 Growth ETF 0.1 8 42 4.6 -5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.8 -6.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -25 4.7 -5.1
SQEW LeaderShares Equity Skew ETF 0.0 81 -31 3.9 -5.9
TEQI T. Rowe Price Equity Income ETF 0.0 54 -4 3.8 -5.9
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 32 6.4 -3.3

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 10.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.87 CATEGORY
AVERAGE		 1.57
 
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.