Subversive Decarbonization ETF
ALTAR
Score™		 -0.4% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 79.1x P/Sales
ratio		 3.7x
P/BV
ratio		 4.0x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DKRB actively invests in firms that contribute and invest in global decarbonization efforts. Companies are selected based on quantitative and qualitative factors and weighted proportionally to their involvement in this sector.

FUND BASICS
Category Global Equities
Fund Sponsor Subversive Capital Advisor LLC
Website www.subversiveetfs.com/dkrb
Inception date Dec 22, 2022
Assets (mns) $1
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $3,541
Large cap (>$10bn) 17.4%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 69.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
URANIUM ENERGY CORP 7.4 %
ENERGY FUELS INC. 7.3 %
CAMECO CORP 6.9 %
ELEVATE URANIUM LTD 4.9 %
SPROTT PHYSICAL URANIUM TRUS 4.9 %
NEXGEN ENERGY LTD. 4.8 %
DEEP YELLOW LTD 4.8 %
DENISON MINES CORP 4.7 %
CENTRUS ENERGY CORP. CLASS A 4.7 %
GLOBAL ATOMIC CORPORATION 4.6 %
Total 55.0 %

TOP COUNTRY EXPOSURE
CANADA 40.6 %
UNITED STATES 23.8 %
AUSTRALIA 18.5 %
BRITAIN 3.2 %
NORWAY 2.7 %
CAYMAN ISLANDS 2.3 %
KAZAKHSTAN 2.1 %
JAPAN 1.4 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.1% -- -- -- -11.9%

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

Technical Indicators
Recent close $25.05
30d moving avg. $22.71
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.81%
ADV underlying (mns) $376

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 230 potential alternatives to the Subversive Decarbonization ETF ETF based on the alternatives' overlap in portfolio holdings with DKRB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DKRB Expense: 75 bp ALTAR Score™: -0.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DKRB
Ticker Fund
Name		 Overlap1
vs DKRB
(%)		 Expense
ratio
(bp)		 Savings
vs DKRB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DKRB
(%)
URA Global X Uranium ETF 37.9 69 6 2.2 +2.6
URNJ Sprott Junior Uranium Miners ETF 29.8 80 -5 -3.9 -3.5
NLR VanEck Uranium+Nuclear Energy ETF 21.7 61 14 4.2 +4.6
SETM Sprott Energy Transition Materials ETF 12.0 65 10 3.9 +4.3
JZRO Janus Henderson Net Zero Transition Resources ETF 8.5 61 14 7.7 +8.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 5.0 85 -10 8.3 +8.7
SAMT Strategas Macro Thematic Opportunities ETF 3.9 65 10 4.0 +4.4
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 3.8 35 40 3.0 +3.5
VCLN Virtus Duff & Phelps Clean Energy ETF 3.6 59 16 4.2 +4.6
PSCE Invesco S&P SmallCap Energy ETF 3.6 29 46 4.6 +5.0
MGMT Ballast Small/Mid Cap ETF 3.5 110 -35 6.9 +7.3
FFND Future Fund Active ETF 3.4 100 -25 2.1 +2.5
FDM First Trust Dow Jones Select Microcap Index Fund 3.3 60 15 7.6 +8.0
XME SPDR S&P Metals & Mining ETF 3.2 35 40 8.6 +9.0
ACES ALPS Clean Energy ETF 3.0 55 20 -3.1 -2.7
CTEC Global X CleanTech ETF 2.9 50 25 2.8 +3.2
HDRO Defiance Next Gen H2 ETF 2.7 30 45 -8.1 -7.7
HYDR Global X Hydrogen ETF 2.7 50 25 -9.7 -9.2
HJEN Direxion Hydrogen ETF 2.7 45 30 -2.2 -1.7
ICLN iShares Global Clean Energy ETF 2.7 40 35 4.0 +4.4
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.5 85 -10 5.8 +6.2
BNE Blue Horizon BNE ETF 2.3 87 -12 4.2 +4.6
NVIR Horizon Kinetics Energy and Remediation ETF 2.3 85 -10 0.2 +0.6
FM iShares MSCI Frontier and Select EM ETF 2.1 80 -5 9.1 +9.5
PBD Invesco Global Clean Energy ETF 2.0 75 0 -1.4 -1.0
RNEW VanEck Green Infrastructure ETF 2.0 45 30 0.0 +0.4
DWAS Invesco DWA SmallCap Momentum ETF 1.5 60 15 1.4 +1.8
FJP First Trust Japan AlphaDEX Fund 1.4 80 -5 9.0 +9.4
ARKQ Ark Autonomous Tech. & Robotics ETF 1.3 75 0 1.8 +2.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.2 45 30 5.4 +5.8
WDNA WisdomTree BioRevolution Fund 1.2 45 30 -4.4 -4.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 30 0.9 +1.3
XOP SPDR S&P Oil & Gas Exploration & Production ETF 1.2 35 40 9.6 +10.0
PBW Invesco WilderHill Clean Energy ETF 1.1 61 14 -9.4 -8.9
TAN Invesco Solar ETF 1.1 69 6 5.4 +5.9
NZRO Strategy Shares Halt Climate Change ETF 1.1 95 -20 1.9 +2.3
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 26 4.8 +5.2
CNRG SPDR S&P Kensho Clean Power ETF 1.1 45 30 -2.2 -1.7
RAYS Global X Solar ETF 1.1 51 24 4.4 +4.9
FRNW Fidelity Clean Energy ETF 1.1 39 36 2.6 +3.0
SCHC Schwab International Small-Cap Equity ETF 1.1 11 64 6.2 +6.6
IWC iShares Micro-Cap ETF 1.1 60 15 -3.9 -3.5
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 -4 11.6 +12.0
ENOR iShares MSCI Norway ETF 1.0 53 22 5.7 +6.1
EMFM Global X MSCI Next Emerging & Frontier ETF 1.0 55 20 7.0 +7.4
NORW Global X MSCI Norway ETF 1.0 50 25 5.7 +6.1
FILL iShares MSCI Global Energy Producers ETF 1.0 39 36 8.0 +8.5
EWC iShares MSCI Canada ETF 0.9 50 25 8.1 +8.6
BBCA JPMorgan BetaBuilders Canada ETF 0.9 19 56 8.3 +8.7
JXI iShares Global Utilities ETF 0.9 43 32 6.9 +7.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 68 6.6 +7.0
PIZ Invesco DWA Developed Markets Momentum ETF 0.8 80 -5 5.8 +6.2
ERTH Invesco MSCI Sustainable Future ETF 0.8 56 19 4.2 +4.6
SMOG VanEck Low Carbon Energy ETF 0.8 61 14 3.0 +3.4
NANR SPDR S&P North American Natural Resources ETF 0.7 35 40 6.4 +6.8
MVPS Amplify Thematic All-Stars ETF 0.7 49 26 2.2 +2.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 0.7 125 -50 0.7 +1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 29 8.8 +9.2
IQRA IQ CBRE Real Assets ETF 0.6 65 10 5.9 +6.4
IXC iShares Global Energy ETF 0.6 44 31 7.4 +7.8
AVSC Avantis U.S Small Cap Equity ETF 0.6 25 50 5.4 +5.8
EWJV iShares MSCI Japan Value ETF 0.6 15 60 8.1 +8.5
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 50 8.5 +9.0
JPIN JPMorgan Diversified Return International Equity ETF 0.5 37 38 9.9 +10.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.5 32 43 8.6 +9.0
DIM WisdomTree International MidCap Dividend Fund 0.5 58 17 8.7 +9.1
VTWG Vanguard Russell 2000 Growth Index Fund 0.4 15 60 1.7 +2.1
GWX SPDR S&P International Small Cap ETF 0.4 40 35 5.9 +6.3
ETHO Etho Climate Leadership U.S. ETF 0.4 47 28 5.5 +5.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.4 24 51 8.8 +9.2
IJS iShares S&P Small-cap 600 Value ETF 0.4 18 57 10.1 +10.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 15 60 10.0 +10.4
AQWA Global X Clean Water ETF 0.4 50 25 5.1 +5.5
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 60 10.1 +10.5
IWO iShares Russell 2000 Growth ETF 0.4 24 51 1.8 +2.2
VTWO Vanguard Russell 2000 Index Fund 0.4 10 65 4.6 +5.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 4 2.0 +2.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 5 4.3 +4.7
VTWV Vanguard Russell 2000 Value Index Fund 0.4 15 60 7.0 +7.4
IWM iShares Russell 2000 ETF 0.4 19 56 4.6 +5.0
IWN iShares Russell 2000 Value ETF 0.4 24 51 7.0 +7.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 69 2.3 +2.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 41 10.3 +10.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 -5 8.9 +9.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 36 10.0 +10.4
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 27 10.0 +10.4
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 33 7.1 +7.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 16 8.1 +8.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.3 30 45 6.9 +7.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 36 11.8 +12.2
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 56 8.6 +9.0
ISZE iShares Edge MSCI Intl Size Factor ETF 0.3 30 45 7.3 +7.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 55 7.5 +7.9
IVLU iShares Edge MSCI Intl Value Factor ETF 0.3 30 45 11.5 +11.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.3 35 40 11.0 +11.4
EWJ iShares MSCI Japan ETF 0.3 50 25 8.6 +9.0
JHMD John Hancock Multifactor Developed International ETF 0.3 39 36 8.4 +8.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 46 29 8.4 +8.8
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 63 8.6 +9.0
CGW Invesco S&P Global Water Index ETF 0.3 57 18 4.7 +5.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 66 5.2 +5.6
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 0.3 39 36 6.4 +6.8
FLJP Franklin FTSE Japan ETF 0.3 9 66 8.4 +8.8
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.3 15 60 8.5 +8.9
TPIF Timothy Plan International ETF 0.3 62 13 7.4 +7.8
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 66 8.3 +8.7
CLNR IQ Cleaner Transport ETF 0.3 45 30 6.8 +7.2
NUSC Nuveen ESG Small-Cap ETF 0.3 31 44 6.2 +6.6
IQIN IQ 500 International ETF 0.3 25 50 9.8 +10.2
DFAS Dimensional U.S. Small Cap ETF 0.3 26 49 6.9 +7.3
IEUS iShares MSCI Europe Small-Cap ETF 0.2 40 35 6.7 +7.2
FENY Fidelity MSCI Energy Index ETF 0.2 8 67 6.4 +6.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 36 4.8 +5.2
SAGP Strategas Global Policy Opportunities ETF 0.2 65 10 7.6 +8.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 63 7.9 +8.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 39 36 6.4 +6.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 60 8.5 +8.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 72 7.6 +8.0
VDE Vanguard Energy Index Fund 0.2 10 65 6.2 +6.6
STXK Strive Small-Cap ETF 0.2 18 57 5.8 +6.2
ISMD Inspire Small/Mid Cap Impact ETF 0.2 54 21 5.6 +6.1
PIO Invesco Global Water ETF 0.2 75 0 5.7 +6.1
IPAC iShares Core MSCI Pacific ETF 0.2 9 66 7.6 +8.0
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 65 8.5 +8.9
IJR iShares Core S&P Small Cap ETF 0.2 6 69 8.5 +8.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 72 8.6 +9.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 36 8.5 +9.0
ISCB iShares Morningstar Small-Cap ETF 0.2 4 71 5.9 +6.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 50 9.5 +9.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 14 8.4 +8.8
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 71 7.8 +8.2
VPL Vanguard FTSE Pacific ETF 0.2 8 67 7.8 +8.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 36 8.4 +8.8
SSLY Syntax Stratified SmallCap ETF 0.2 40 35 8.1 +8.5
DTH WisdomTree International High Dividend Fund 0.2 58 17 11.0 +11.4
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 45 8.0 +8.4
HAP VanEck Natural Resources ETF 0.2 50 25 8.2 +8.6
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 68 1.5 +1.9
DFIS Dimensional International Small Cap ETF 0.2 39 36 6.8 +7.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 50 9.1 +9.5
SCHA Schwab U.S. Small-Cap ETF 0.2 4 71 5.6 +6.1
VEA Vanguard FTSE Developed Markets ETF 0.2 5 70 7.9 +8.3
AVDV Avantis International Small Cap Value ETF 0.2 36 39 7.8 +8.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.2 47 28 8.1 +8.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 66 6.4 +6.8
CIL VictoryShares International Volatility Weighted Index ETF 0.2 45 30 8.0 +8.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 6.3 +6.7
VXF Vanguard Extended Market Index Fund 0.2 6 69 4.3 +4.7
FSMD Fidelity Small-Mid Factor ETF 0.2 29 46 8.3 +8.7
EFV iShares MSCI EAFE Value ETF 0.1 35 40 9.6 +10.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.1 17 58 6.3 +6.7
IXUS ishares Core MSCI Total International Stock ETF 0.1 7 68 7.8 +8.2
DWMF WisdomTree International Multifactor Fund 0.1 38 37 8.0 +8.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 43 7.9 +8.3
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 7.8 +8.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 50 6.9 +7.3
VXUS Vanguard Total International Stock ETF 0.1 7 68 7.9 +8.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 8.9 +9.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 51 8.9 +9.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 34 7.8 +8.2
AVDE Avantis International Equity ETF 0.1 23 52 8.9 +9.3
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 47 9.4 +9.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 68 5.9 +6.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 30 9.2 +9.6
VYMI Vanguard International High Dividend Yield ETF 0.1 22 53 11.2 +11.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.1 42 33 6.5 +6.9
PHO Invesco Water Resources ETF 0.1 60 15 4.8 +5.2
IEFA iShares Core MSCI EAFE ETF 0.1 7 68 7.7 +8.1
DWM WisdomTree International Equity Fund 0.1 48 27 9.9 +10.3
FIDU Fidelity MSCI Industrials Index ETF 0.1 8 67 5.6 +6.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 35 9.9 +10.3
VIS Vanguard Industrials Index Fund 0.1 10 65 5.3 +5.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 55 8.2 +8.7
BKIE BNY Mellon International Equity ETF 0.1 4 71 8.4 +8.8
KOMP SPDR Kensho New Economies Composite ETF 0.1 20 55 -0.4 +0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 63 12 3.5 +3.9
HFXI IQ 50 Percent Hedged FTSE International ETF 0.1 20 55 8.0 +8.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 55 7.6 +8.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.1 15 60 6.2 +6.6
VB Vanguard Small-Cap ETF 0.1 5 70 6.2 +6.6
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 8.1 +8.5
EFA iShares MSCI EAFE ETF 0.1 32 43 7.7 +8.1
QEFA SPDR MSCI EAFE Quality Mix ETF 0.1 30 45 8.3 +8.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 35 40 7.6 +8.1
SCHF Schwab International Equity ETF 0.1 6 69 8.2 +8.6
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.1 23 52 8.7 +9.1
DEW WisdomTree Global High Dividend Fund 0.1 58 17 10.1 +10.5
URTH iShares MSCI World ETF 0.1 24 51 6.4 +6.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 55 6.9 +7.3
VT Vanguard Total World Stock ETF 0.1 7 68 6.6 +7.1
VFVA Vanguard U.S. Value Factor ETF 0.1 13 62 11.5 +11.9
ACWI iShares MSCI ACWI ETF 0.0 32 43 6.5 +6.9
EES WisdomTree SmallCap Earnings Fund 0.0 38 37 12.5 +12.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 67 8.1 +8.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 7.6 +8.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 6.6 +7.0
EZM WisdomTree U.S. MidCap Earnings Fund 0.0 38 37 11.1 +11.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 8.7 +9.2
RVRB Reverb ETF 0.0 30 45 5.8 +6.2
AVUS Avantis U.S. Equity ETF 0.0 15 60 6.9 +7.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 54 4.2 +4.6
VFQY Vanguard U.S. Quality Factor ETF 0.0 13 62 7.9 +8.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 0 6.3 +6.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 6.5 +6.9
TOK iShares MSCI Kokusai ETF 0.0 25 50 6.2 +6.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 36 12.4 +12.8
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 9.1 +9.5
VTHR Vanguard Russell 3000 Index Fund 0.0 10 65 5.7 +6.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 6.0 +6.4
IWV iShares Russell 3000 ETF 0.0 20 55 5.6 +6.1
VTI Vanguard Total Stock Market Index Fund 0.0 3 72 5.7 +6.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 9.6 +10.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.0 25 50 6.6 +7.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 6.7 +7.1
DFUS Dimensional U.S. Equity ETF 0.0 9 66 5.8 +6.2
IEUR iShares Core MSCI Europe ETF 0.0 9 66 7.7 +8.1
IQSI IQ Candriam ESG International Equity ETF 0.0 15 60 8.5 +8.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 5.8 +6.2
SPEU SPDR Portfolio Europe ETF 0.0 7 68 7.7 +8.1
VGK Vanguard FTSE Europe ETF 0.0 11 64 7.7 +8.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 72 5.9 +6.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 5.7 +6.1
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 50 10.6 +11.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 50 7.6 +8.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 8.6 +9.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 63 8.3 +8.7
VSGX Vanguard ESG International Stock ETF 0.0 12 63 7.9 +8.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 51 7.3 +7.7
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 72 6.2 +6.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 63 5.5 +5.9

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

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RESULTS & ESTIMATES

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Subversive Decarbonization ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 1.2 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -0.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.22 CATEGORY
AVERAGE		 1.47
 
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.