First Trust Dorsey Wright Momentum & Low Volatility ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 UNDERWEIGHT
2021E    2022E
P/E
ratio		 27.4x P/Sales
ratio		 3.8x
P/BV
ratio		 6.3x Div.
yield		 1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dorsey Wright Momentum & Low Volatility tracks a rules-based equity index consisting of the 50 stocks in the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of relative strength.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Sep 05, 2018
Assets (mns) $127
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $100,960
Large cap (>$10bn) 93.0%
Mid cap ($2-10bn) 7.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BLACKSTONE GROUP LP/THE 3.4 %
ARTHUR J GALLAGHER & CO 3.2 %
AGILENT TECHNOLOGIES INC 3.1 %
YUM! BRANDS INC 3.1 %
GARMIN LTD 3.1 %
NASDAQ OMX GROUP/THE 2.9 %
SHERWIN-WILLIAMS CO/THE 2.9 %
ACCENTURE PLC-CL A 2.8 %
AMPHENOL CORP-CL A 2.8 %
DOMINO'S PIZZA INC 2.6 %
Total 29.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.2 %
IRELAND 6.5 %
SWITZERLAND 3.2 %








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.
20.9% 30.1% -- -- 15.7%

Market Correlations
versus... Beta R-squared
S&P500 0.78 70%
MSCI EAFE 0.72 59%
MSCI Emg. Mkts. 0.52 39%

Technical Indicators
Recent close $28.80
30d moving avg. $29.19
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $28,559

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 696 potential alternatives to the First Trust Dorsey Wright Momentum & Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with DVOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVOL Expense: 60 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVOL
Ticker Fund
Name		 Overlap1
vs DVOL
(%)		 Expense
ratio
(bp)		 Savings
vs DVOL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DVOL
(%)
FTCS First Trust Capital Strength ETF 24.3 56 4 5.3 +1.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 21.4 25 35 5.9 +2.3
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 20.7 103 -43 2.9 -0.8
JOET Virtus Terranova US Quality Momentum ETF 18.4 29 31 4.4 +0.8
IYJ iShares U.S. Industrials ETF 17.6 42 18 5.1 +1.5
JHMI John Hancock Multifactor Industrials ETF 17.5 40 20 5.2 +1.6
PSET Principal Price Setters Index ETF 17.4 15 45 4.8 +1.2
FLLV Franklin Liberty U.S. Low Volatility ETF 16.7 29 31 5.0 +1.3
PRN Invesco DWA Industrials Momentum ETF 16.4 60 0 3.0 -0.7
KLCD KFA Large Cap Quality Dividend Index ETF 16.0 42 18 5.8 +2.1
PDP Invesco DWA Momentum ETF 15.8 62 -2 2.5 -1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 15.6 60 0 2.7 -1.0
DEF Invesco Defensive Equity ETF 15.0 53 7 5.5 +1.9
LVOL American Century Low Volatility ETF 15.0 29 31 4.6 +0.9
SUSA iShares MSCI USA ESG Select ETF 14.6 25 35 4.5 +0.8
RGI Invesco S&P 500 Equal Weight Industrials ETF 14.6 40 20 4.1 +0.4
SPMO Invesco S&P 500 Momentum ETF 14.5 13 47 3.8 +0.1
PWB Invesco Dynamic Large Cap Growth ETF 14.4 56 4 3.4 -0.3
CLRG IQ Chaikin U.S. Large Cap ETF 14.2 25 35 5.2 +1.5
JEPI JPMorgan Equity Premium Income ETF 14.1 35 25 4.8 +1.2
VFMO Vanguard U.S. Momentum Factor ETF 13.8 13 47 2.5 -1.1
KCE SPDR S&P Capital Markets ETF 13.6 35 25 7.1 +3.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 13.5 70 -10 5.1 +1.4
LGLV SPDR Russell 1000 Low Volatility ETF 13.2 12 48 4.6 +0.9
XLI Industrial Select Sector SPDR Fund 13.0 12 48 5.1 +1.5
PEXL Pacer US Export Leaders ETF 12.9 60 0 3.8 +0.2
AFLG First Trust Active Factor Large Cap ETF 12.9 55 5 5.4 +1.7
CCOR Core Alternative ETF 12.8 109 -49 4.4 +0.8
TPLC Timothy Plan US Large Cap Core ETF 12.8 52 8 4.7 +1.0
LEAD Siren DIVCON Leaders Dividend ETF 12.5 43 17 5.4 +1.7
QUAL iShares MSCI Usa Quality Factor ETF 12.5 15 45 4.9 +1.2
VIG Vanguard Dividend Appreciation Index Fund 12.2 6 54 5.5 +1.8
TPHD Timothy Plan High Dividend Stock ETF 11.8 52 8 5.9 +2.2
FIDU Fidelity MSCI Industrials Index ETF 11.7 8 52 5.2 +1.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.7 35 25 5.4 +1.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 11.6 35 25 5.4 +1.8
USMV iShares Edge MSCI Min Vol USA ETF 11.5 15 45 5.1 +1.4
VIS Vanguard Industrials Index Fund 11.4 10 50 4.9 +1.3
FDLO Fidelity Low Volatility Factor ETF 11.4 29 31 4.7 +1.0
BIBL Inspire ETF 11.4 35 25 4.6 +0.9
LSAF LeaderShares AlphaFactor US Core Equity ETF 11.3 75 -15 6.0 +2.3
RECS Columbia Research Enhanced Core ETF 11.3 15 45 5.2 +1.6
RNLC Large Cap US Equity Select ETF 11.2 60 0 5.4 +1.7
NULG Nuveen ESG Large-Cap Growth ETF 10.9 35 25 3.1 -0.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 10.9 49 11 4.8 +1.2
PAVE Global X U.S. Infrastructure Development ETF 10.9 47 13 5.0 +1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 10.8 30 30 5.3 +1.6
IVDG Invesco Focused Discovery Growth ETF 10.7 59 1 2.3 -1.4
SPLV Invesco S&P 500 Low Volatility ETF 10.6 25 35 5.6 +1.9
FQAL Fidelity Quality Factor ETF 10.6 29 31 4.8 +1.1
ALTL Pacer Lunt Large Cap Alternator ETF 10.5 60 0 5.1 +1.4
KRMA Global X Conscious Companies ETF 10.4 43 17 5.1 +1.5
TTAC TrimTabs US Free Cash Flow Quality ETF 10.4 59 1 5.3 +1.6
VNMC Natixis Vaughan Nelson Mid Cap ETF 10.3 85 -25 6.2 +2.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 10.3 10 50 4.9 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 10.3 10 50 4.9 +1.2
FLQL Franklin LibertyQ U.S. Equity ETF 10.2 15 45 6.4 +2.8
PFM Invesco Dividend Achievers ETF 10.2 53 7 5.3 +1.7
CZA Invesco Zacks Mid-Cap ETF 10.2 69 -9 5.4 +1.8
QUS SPDR MSCI USA StrategicFactors ETF 10.2 15 45 5.2 +1.6
DSI iShares MSCI KLD 400 Social ETF 10.1 25 35 4.6 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 10.1 9 51 5.3 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 10.1 30 30 4.5 +0.8
VSL Volshares Large Capital ETF 9.9 65 -5 6.1 +2.4
JQUA JPMorgan U.S. Quality Factor ETF 9.7 12 48 5.2 +1.5
DFND Siren DIVCON Dividend Defender ETF 9.7 144 -84 4.3 +0.6
LRGF iShares Edge MSCI Multifactor USA ETF 9.7 20 40 6.6 +2.9
OUSA O'Shares FTSE US Quality Dividend ETF 9.5 48 12 5.8 +2.1
FLRG Fidelity U.S. Multifactor ETF 9.4 29 31 6.4 +2.8
AVDR AVDR US LargeCap Leading ETF 9.3 60 0 5.4 +1.7
JMOM JPMorgan U.S. Momentum Factor ETF 9.3 12 48 3.7 +0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.3 63 -3 2.3 -1.4
PFI Invesco DWA Financial Momentum ETF 9.3 60 0 7.1 +3.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 9.2 46 14 4.7 +1.1
IMCG iShares Morningstar Mid-Cap Growth ETF 9.2 6 54 3.1 -0.6
FEX First Trust Large Cap Core AlphaDEX Fund 9.2 59 1 5.2 +1.6
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 9.1 45 15 4.5 +0.8
DSTL Distillate US Fundamental Stability & Value ETF 9.1 39 21 7.1 +3.4
QLV FlexShares US Quality Low Volatility Index Fund 9.0 22 38 4.1 +0.4
LYFE 2nd Vote Life Neutral Plus ETF 9.0 75 -15 6.0 +2.4
SNSR Global X Internet of Things Thematic ETF 8.9 68 -8 3.3 -0.4
PZLD Puzzle Divdend Leaders 8.9 10 50 5.8 +2.2
JHML John Hancock Multifactor Large Cap ETF 8.9 29 31 4.9 +1.3
ROUS Hartford Multifactor US Equity ETF 8.9 19 41 5.7 +2.0
ROKT SPDR S&P Kensho Final Frontiers ETF 8.8 45 15 4.3 +0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 8.8 17 43 6.4 +2.7
MTUM iShares MSCI USA Momentum Factor ETF 8.7 15 45 4.2 +0.6
VFQY Vanguard U.S. Quality Factor ETF 8.7 13 47 5.3 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 8.7 15 45 4.7 +1.0
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 8.7 60 0 3.4 -0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 8.7 15 45 4.8 +1.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 8.7 37 23 6.0 +2.3
IYG iShares US Financial Services ETF 8.7 42 18 5.9 +2.2
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 8.7 40 20 4.2 +0.5
GSPY Gotham Enhanced 500 ETF 8.7 50 10 5.0 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 8.6 75 -15 4.4 +0.8
NULC Nuveen ESG Large-Cap ETF 8.6 20 40 4.6 +1.0
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 8.6 75 -15 5.2 +1.5
EGIS 2nd Vote Society Defended ETF 8.6 75 -15 6.2 +2.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 8.5 12 48 4.7 +1.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 8.4 45 15 3.2 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 8.4 25 35 5.6 +2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 8.3 19 41 5.6 +1.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 8.3 20 40 6.2 +2.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 8.3 17 43 6.1 +2.4
DIVB iShares U.S. Dividend & Buyback ETF 8.2 25 35 6.0 +2.4
VFMV Vanguard U.S. Minimum Volatility ETF 8.2 13 47 4.9 +1.2
JHMC John Hancock Multifactor Consumer Discretionary ETF 8.2 40 20 3.5 -0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 8.2 37 23 5.9 +2.2
VOT Vanguard Mid-Cap Growth Index Fund 8.2 7 53 2.7 -1.0
ECOZ TrueMark ESG Active Opportunities ETF 8.1 58 2 3.7 +0.0
FNCL Fidelity MSCI Financials Index ETF 8.1 8 52 6.9 +3.3
SCHV Schwab U.S. Large-Cap Value ETF 8.1 4 56 6.2 +2.5
NACP Impact Shares NAACP Minority Empowerment ETF 8.1 49 11 4.6 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 8.1 29 31 4.5 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 8.1 9 51 4.9 +1.3
HIPR Direxion High Growth ETF 8.1 40 20 3.6 -0.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 8.0 29 31 5.4 +1.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.9 28 32 6.4 +2.8
XMLV Invesco S&P MidCap Low Volatility ETF 7.9 25 35 5.3 +1.7
VFH Vanguard Financials Index Fund 7.9 10 50 6.9 +3.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 7.9 64 -4 6.2 +2.5
DGRO iShares Core Dividend Growth ETF 7.9 8 52 6.3 +2.7
VSDA VictoryShares Dividend Accelerator ETF 7.9 35 25 4.8 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 7.9 27 33 4.4 +0.7
EXI iShares Global Industrials ETF 7.9 46 14 4.9 +1.2
IQSU IQ Candriam ESG US Equity ETF 7.8 9 51 4.7 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 7.8 20 40 4.8 +1.1
PBP Invesco S&P 500 BuyWrite ETF 7.8 49 11 4.3 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 7.8 60 0 4.3 +0.6
VSLU Applied Finance Valuation Large Cap ETF 7.8 49 11 5.3 +1.7
XRMI Global X S&P 500 Risk Managed Income ETF 7.8 60 0 4.4 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 7.8 2 58 4.8 +1.2
VV Vanguard Large-Cap Index Fund 7.8 4 56 4.7 +1.0
PBUS Invesco PureBeta MSCI USA ETF 7.7 4 56 4.8 +1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 7.7 7 53 4.7 +1.0
SCHX Schwab U.S. Large-Cap ETF 7.7 3 57 4.7 +1.1
IWP iShares Russell Mid-Cap Growth ETF 7.7 24 36 2.6 -1.1
VONG Vanguard Russell 1000 Growth Index Fund 7.7 8 52 3.8 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 7.7 20 40 4.8 +1.1
IWF iShares Russell 1000 Growth ETF 7.7 19 41 3.7 +0.1
SPY SPDR S&P 500 ETF Trust 7.7 9 51 4.8 +1.2
VOOG Vanguard S&P 500 Growth ETF 7.7 10 50 4.1 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 7.7 4 56 4.1 +0.5
FIW First Trust Water ETF 7.7 54 6 3.0 -0.7
IVW iShares S&P 500 Growth ETF 7.7 18 42 4.0 +0.4
VOO VANGUARD S&P 500 ETF 7.7 3 57 4.9 +1.2
SPLG SPDR Portfolio S&P 500 ETF 7.7 3 57 4.9 +1.2
FXO First Trust Financials AlphaDEX Fund 7.7 62 -2 8.5 +4.9
IVV iShares Core S&P 500 ETF 7.7 3 57 4.9 +1.2
ILCB iShares Morningstar U.S. Equity ETF 7.7 3 57 4.7 +1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 7.7 30 30 5.3 +1.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 7.7 35 25 5.0 +1.4
XVOL Acruence Active Hedge U.S. Equity ETF 7.7 83 -23 4.1 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 7.7 27 33 4.8 +1.1
ACVF American Conservative Values ETF 7.6 75 -15 4.2 +0.5
GDVD Principal Active Global Dividend Income ETF 7.6 58 2 0.0 -3.7
IUSG iShares Core S&P US Growth ETF 7.6 4 56 4.1 +0.5
XTR Global X S&P 500 Tail Risk ETF 7.6 60 0 4.5 +0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.6 24 36 5.7 +2.1
VONE Vanguard Russell 1000 ETF 7.6 8 52 4.7 +1.0
IWB iShares Russell 1000 ETF 7.6 15 45 4.6 +1.0
XVV iShares ESG Screened S&P 500 ETF 7.6 8 52 4.7 +1.1
SCHK Schwab 1000 Index ETF 7.6 5 55 4.7 +1.0
XCLR Global X S&P 500 Collar 95-110 ETF 7.6 60 0 4.5 +0.8
IYY iShares Dow Jones U.S. ETF 7.6 20 40 4.6 +0.9
USMF WisdomTree U.S. Multifactor Fund 7.6 28 32 7.1 +3.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.5 18 42 6.1 +2.4
DFAU Dimensional US Core Equity Market ETF 7.5 12 48 4.9 +1.3
IYF iShares U.S. Financials ETF 7.5 42 18 5.7 +2.1
VUG Vanguard Growth Index Fund 7.5 4 56 3.5 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 7.4 0 60 4.8 +1.1
MGC Vanguard Mega Cap Index Fund 7.4 7 53 4.8 +1.1
ACWF iShares MSCI Global Multifactor ETF 7.4 35 25 7.7 +4.1
SPTM SPDR Portfolio Total Stock Market ETF 7.4 3 57 5.0 +1.3
VEGN US Vegan Climate ETF 7.4 60 0 4.0 +0.4
VO Vanguard Mid-Cap Index Fund 7.4 4 56 4.3 +0.7
AVUS Avantis U.S. Equity ETF 7.3 15 45 5.3 +1.6
USXF iShares ESG Advanced MSCI USA ETF 7.3 10 50 4.8 +1.1
VFMF Vanguard U.S. Multifactor ETF 7.3 19 41 7.2 +3.5
RDVY First Trust Rising Dividend Achievers ETF 7.3 50 10 6.9 +3.3
DFUS Dimensional U.S. Equity ETF 7.3 11 49 4.7 +1.1
IWR iShares Russell Midcap ETF 7.3 19 41 4.6 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 7.3 27 33 4.5 +0.9
SCHB Schwab U.S. Broad Market ETF 7.3 3 57 4.6 +1.0
VTHR Vanguard Russell 3000 Index Fund 7.3 10 50 4.5 +0.8
IWV iShares Russell 3000 ETF 7.3 20 40 4.4 +0.8
SFY SoFi Select 500 ETF 7.3 0 60 4.5 +0.9
SNPE Xtrackers S&P 500 ESG ETF 7.3 10 50 4.8 +1.2
RSP Invesco S&P 500 Equal Weight ETF 7.3 20 40 5.3 +1.7
VTI Vanguard Total Stock Market Index Fund 7.3 3 57 4.4 +0.8
IUS Invesco Strategic US ETF 7.2 19 41 6.0 +2.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 7.2 3 57 4.5 +0.9
EFIV SPDR S&P 500 ESG ETF 7.2 10 50 4.8 +1.2
IWY iShares Russell Top 200 Growth ETF 7.2 20 40 4.0 +0.4
XDAT Franklin Exponential Data ETF 7.2 50 10 1.8 -1.9
YLDE ClearBridge Dividend Strategy ESG ETF 7.2 60 0 4.6 +0.9
ILCG iShares Morningstar Growth ETF 7.2 4 56 3.2 -0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 7.2 13 47 2.9 -0.8
ESGV Vanguard ESG U.S. Stock ETF 7.2 12 48 4.6 +1.0
RESP WisdomTree US ESG Fund of Benef Interest 7.2 28 32 5.7 +2.0
ESG FlexShares STOXX US ESG Impact Index Fund 7.2 32 28 4.6 +1.0
RFFC RiverFront Dynamic US Flex-Cap ETF 7.1 52 8 4.6 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 7.1 28 32 6.3 +2.7
RYF Invesco S&P 500 Equal Weight Financials ETF 7.1 40 20 7.0 +3.3
PHO Invesco Water Resources ETF 7.1 60 0 2.9 -0.7
DFAC Dimensional U.S. Core Equity 2 ETF 7.1 19 41 5.2 +1.6
QLC FlexShares US Quality Large Cap Index Fund 7.1 32 28 4.8 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 7.1 27 33 4.9 +1.3
EPS WisdomTree U.S. Earnings 500 Fund 7.1 8 52 6.1 +2.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 7.0 20 40 7.3 +3.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 7.0 29 31 6.2 +2.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 7.0 48 12 6.0 +2.3
IWS iShares Russell Mid-Cap Value ETF 7.0 24 36 5.7 +2.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.0 35 25 5.5 +1.9
MGK Vanguard Mega Cap Growth ETF 7.0 7 53 3.8 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.0 60 0 4.0 +0.4
REVS Columbia Research Enhanced Value ETF 7.0 19 41 6.9 +3.3
RNDV US Equity Dividend Select ETF 6.9 50 10 7.0 +3.4
IWL iShares Russell Top 200 ETF 6.9 15 45 4.7 +1.0
QDF FlexShares Quality Dividend Index Fund 6.9 37 23 6.2 +2.5
HLGE Hartford Longevity Economy ETF 6.9 44 16 6.2 +2.5
IVLC Invesco US Large Cap Core ESG ETF 6.9 48 12 4.3 +0.7
XLY Consumer Discretionary Select Sector SPDR Fund 6.9 12 48 3.5 -0.1
RWL Invesco S&P 500 Revenue ETF 6.9 39 21 6.1 +2.5
FXH First Trust Health Care AlphaDEX Fund 6.8 61 -1 4.8 +1.1
JHMF John Hancock Multifactor Financials ETF 6.8 40 20 6.3 +2.7
QWLD SPDR MSCI World StrategicFactors ETF 6.8 30 30 5.3 +1.7
SIZE iShares MSCI USA Size Factor ETF 6.8 15 45 4.8 +1.2
ACIO Aptus Collared Income Opportunity ETF 6.8 79 -19 3.9 +0.2
DTD WisdomTree U.S.Total Dividend Fund 6.8 28 32 6.4 +2.7
TMDV ProShares Russell US Dividend Growers ETF 6.7 36 24 5.3 +1.7
QVML Invesco S&P 500 QVM Multi-factor ETF 6.7 11 49 4.8 +1.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.7 65 -5 4.0 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 6.7 49 11 3.9 +0.3
DIVS SmartETFs Dividend Builder ETF 6.6 65 -5 5.6 +1.9
HKND Humankind US Stock ETF 6.6 209 -149 3.9 +0.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 6.6 41 19 5.7 +2.1
KONG Formidable Fortress ETF 6.6 89 -29 4.3 +0.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 6.6 8 52 3.8 +0.1
FVD First Trust Value Line Dividend Index Fund 6.6 70 -10 5.7 +2.0
VCR Vanguard Consumer Discretionary Index Fund 6.6 10 50 3.7 +0.0
ETHO Etho Climate Leadership U.S. ETF 6.6 48 12 3.9 +0.3
SCHD Schwab U.S. Dividend Equity ETF 6.5 6 54 7.5 +3.8
NUMV Nuveen ESG Mid-Cap Value ETF 6.5 40 20 6.5 +2.8
IEDI iShares Evolved U.S. Discretionary Spending ETF 6.5 18 42 3.8 +0.1
EUSA iShares MSCI USA Equal Weighted ETF 6.5 15 45 4.8 +1.2
FDMO Fidelity Momentum Factor ETF 6.5 29 31 4.4 +0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 6.5 4 56 4.7 +1.1
IMCB iShares Morningstar Mid-Cap ETF 6.5 4 56 4.7 +1.1
RYT Invesco S&P 500 Equal Weight Technology ETF 6.5 40 20 5.1 +1.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.4 60 0 7.7 +4.1
IYC iShares U.S. Consumer Services ETF 6.4 43 17 2.9 -0.7
VOE Vanguard Mid-Cap Value Index Fund 6.4 7 53 6.2 +2.5
DBLV AdvisorShares DoubleLine Value Equity ETF 6.4 91 -31 5.6 +2.0
PSP Invesco Global Listed Private Equity ETF 6.3 158 -98 5.5 +1.9
STLG iShares Factors US Growth Style ETF 6.3 25 35 5.1 +1.5
RAFE PIMCO RAFI ESG U.S. ETF 6.3 30 30 6.7 +3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.3 25 35 5.9 +2.3
ONEO SPDR Russell 1000 Momentum Focus ETF 6.3 20 40 6.5 +2.8
KOKU Xtrackers MSCI Kokusai Equity ETF 6.3 9 51 5.0 +1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 6.2 60 0 4.2 +0.5
TOK iShares MSCI Kokusai ETF 6.2 25 35 4.9 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 6.2 39 21 6.0 +2.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 6.2 25 35 5.0 +1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 6.2 30 30 5.7 +2.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 6.1 40 20 5.9 +2.3
BOSS Global X Founder-Run Companies ETF 6.1 45 15 2.6 -1.1
SPGP Invesco S&P 500 GARP ETF 6.1 34 26 6.1 +2.4
FXD First Trust Consumer Discretionary AlphaDEX Fund 6.0 63 -3 6.2 +2.5
RPG Invesco S&P 500 Pure Growth ETF 6.0 35 25 3.1 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 6.0 42 18 4.8 +1.2
VTV Vanguard Value Index Fund 6.0 4 56 6.7 +3.1
ILCV iShares Morningstar Value ETF 6.0 4 56 6.4 +2.8
OEF iShares S&P 100 ETF 6.0 20 40 4.5 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 5.9 12 48 6.4 +2.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 5.9 25 35 5.8 +2.2
URTH iShares MSCI World ETF 5.9 24 36 5.0 +1.3
JMIN JPMorgan U.S. Minimum Volatility ETF 5.9 12 48 5.5 +1.8
VONV Vanguard Russell 1000 Value Index Fund 5.9 8 52 6.2 +2.6
IWD iShares Russell 1000 Value ETF 5.9 19 41 6.1 +2.5
FCPI Fidelity Stocks for Inflation ETF 5.9 29 31 7.3 +3.7
QYLD Global X NASDAQ 100 Covered Call ETF 5.8 60 0 3.4 -0.2
MGV Vanguard Mega Cap Value ETF 5.8 7 53 6.8 +3.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 5.8 60 0 3.5 -0.2
QDIV Global X S&P 500 Quality Dividend ETF 5.8 20 40 6.7 +3.1
SPMV Invesco S&P 500 Minimum Variance ETF 5.8 10 50 5.0 +1.3
QQQ Invesco QQQ Trust 5.8 20 40 3.9 +0.2
QRMI Global X NASDAQ 100 Risk Managed Income ETF 5.8 60 0 3.5 -0.2
QQQM Invesco NASDAQ 100 ETF 5.8 15 45 3.9 +0.3
BFOR Barron's 400 ETF 5.8 70 -10 6.0 +2.4
NUSI Nationwide Risk-Managed Income ETF 5.8 68 -8 3.4 -0.3
NULV Nuveen ESG Large-Cap Value ETF 5.7 35 25 6.2 +2.6
QTR Global X NASDAQ 100 Tail Risk ETF 5.7 60 0 3.5 -0.1
QGRO American Century STOXX U.S. Quality Growth ETF 5.7 29 31 3.3 -0.4
XLF Financial Select Sector SPDR Fund 5.7 12 48 6.6 +2.9
QCLR Global X NASDAQ 100 Collar 95-110 ETF 5.7 60 0 3.5 -0.2
RXI iShares Global Consumer Discretionary ETF 5.7 46 14 4.1 +0.4
AIQ Global X Future Analytics Tech ETF 5.7 68 -8 3.5 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.7 9 51 5.3 +1.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.7 52 8 4.9 +1.3
DRIV Global X Autonomous & Electric Vehicles ETF 5.7 68 -8 4.7 +1.1
JVAL JPMorgan U.S. Value Factor ETF 5.6 12 48 7.2 +3.6
SPHQ Invesco S&P 500 Quality ETF 5.6 15 45 5.1 +1.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 5.6 20 40 5.3 +1.6
IECS iShares Evolved U.S. Consumer Staples ETF 5.6 18 42 5.5 +1.9
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 5.6 68 -8 1.2 -2.5
EDOC Global X Telemedicine & Digital Health ETF 5.6 68 -8 -0.1 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.6 20 40 5.3 +1.6
ACSI American Customer Satisfaction Core Alpha ETF 5.6 66 -6 4.4 +0.8
VOOV Vanguard S&P 500 Value ETF 5.6 10 50 6.3 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 5.5 4 56 6.3 +2.6
QQQN VictoryShares Nasdaq Next 50 ETF 5.5 18 42 2.3 -1.4
IVE iShares S&P 500 Value ETF 5.5 18 42 6.2 +2.5
XT iShares Exponential Technologies ETF 5.5 47 13 4.7 +1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 5.5 21 39 3.2 -0.5
PEJ Invesco Dynamic Leisure & Entertainment ETF 5.5 63 -3 5.7 +2.1
ACWI iShares MSCI ACWI ETF 5.5 32 28 5.2 +1.6
AIEQ AI Powered Equity ETF 5.5 80 -20 -0.4 -4.0
UFO Procure Space ETF 5.5 75 -15 2.4 -1.3
FFTY Innovator IBD 50 ETF 5.5 80 -20 2.9 -0.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 5.4 29 31 7.5 +3.9
FDVV Fidelity Core Dividend ETF 5.4 29 31 6.5 +2.8
PXQ Invesco Dynamic Networking ETF 5.4 63 -3 3.7 +0.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 5.3 58 2 3.9 +0.3
IWX iShares Russell Top 200 Value ETF 5.3 20 40 6.3 +2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 5.3 35 25 4.2 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 5.3 29 31 6.6 +3.0
IUSV iShares Core S&P U.S. Value ETF 5.2 4 56 6.4 +2.7
AVDG AVDR US LargeCap ESG ETF 5.2 60 0 5.1 +1.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 5.2 68 -8 4.4 +0.7
WLDR Affinity World Leaders Equity ETF 5.1 67 -7 8.2 +4.5
FIVG Defiance Next Gen Connectivity ETF 5.1 30 30 4.6 +0.9
HOMZ Hoya Capital Housing ETF 5.1 30 30 7.1 +3.5
VT Vanguard Total World Stock ETF 5.1 8 52 5.4 +1.8
SPQQ Siren Large Cap Blend Index ETF 5.1 20 40 3.9 +0.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.1 60 0 7.2 +3.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 5.0 75 -15 2.7 -1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.0 65 -5 8.4 +4.8
VNSE Natixis Vaughan Nelson Select ETF 5.0 80 -20 2.2 -1.5
SCHG Schwab U.S. Large-Cap Growth ETF 5.0 4 56 3.4 -0.2
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.9 75 -15 6.5 +2.8
FVAL Fidelity Value Factor ETF 4.9 29 31 7.2 +3.6
TUSA First Trust Total US Market AlphaDEX ETF 4.9 70 -10 5.7 +2.1
PKB Invesco Dynamic Building & Construction ETF 4.9 59 1 6.6 +2.9
MMLG First Trust Multi-Manager Large Growth ETF 4.9 85 -25 1.5 -2.2
PSR Invesco Active U.S. Real Estate Fund 4.9 35 25 4.7 +1.1
JHMH John Hancock Multifactor Healthcare ETF 4.9 40 20 5.6 +2.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 4.9 47 13 5.5 +1.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 4.9 35 25 7.0 +3.3
FTXR First Trust Nasdaq Transportation ETF 4.8 60 0 3.7 0.0
XTN SPDR S&P Transportation ETF 4.8 35 25 2.6 -1.1
IYT iShares Transportation Average ETF 4.8 42 18 2.6 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 4.8 15 45 0.0 -3.7
SDGA Impact Shares Sustainable Development Goals Global ETF 4.8 75 -15 5.5 +1.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 4.8 29 31 7.0 +3.3
PWC Invesco Dynamic Market ETF 4.7 58 2 6.0 +2.3
SYE SPDR MFS Systematic Core Equity ETF 4.7 60 0 0.0 -3.7
IGM iShares Expanded Tech Sector ETF 4.7 46 14 3.6 -0.0
SDY SPDR S&P Dividend ETF 4.7 35 25 6.2 +2.6
XLK Technology Select Sector SPDR Fund 4.7 12 48 4.6 +0.9
IYZ iShares U.S. Telecommunications ETF 4.7 42 18 6.2 +2.5
XHB SPDR S&P Homebuilders ETF 4.7 35 25 7.9 +4.2
XMMO Invesco S&P MidCap Momentum ETF 4.7 34 26 3.8 +0.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 4.6 37 23 7.4 +3.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 4.6 35 25 7.4 +3.8
PZLG Puzzle Mature Growth 4.6 10 50 3.5 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 4.6 59 1 3.0 -0.7
QSY WisdomTree U.S. LargeCap Value Fund 4.6 38 22 6.9 +3.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 4.6 25 35 7.0 +3.4
PIO Invesco Global Water ETF 4.6 75 -15 3.7 +0.0
EBLU Ecofin Global Water ESG Fund 4.6 40 20 3.5 -0.1
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 4.6 50 10 2.8 -0.9
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.6 60 0 4.2 +0.5
IETC iShares Evolved U.S. Technology ETF 4.6 18 42 3.8 +0.1
JSTC Adasina Social Justice All Cap Global ETF 4.5 89 -29 4.5 +0.9
ACWV iShares MSCI Global Min Vol Factor ETF 4.5 20 40 5.3 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 4.5 12 48 4.9 +1.3
MILN Global X Millennial Consumer ETF 4.5 50 10 2.2 -1.5
IEFN iShares Evolved U.S. Financials ETF 4.4 18 42 7.3 +3.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 4.4 15 45 2.6 -1.1
GQRE FlexShares Global Quality Real Estate Index Fund 4.4 45 15 5.7 +2.1
SYG SPDR MFS Systematic Growth Equity ETF 4.4 60 0 0.0 -3.7
AUSF Global X Adaptive U.S. Factor ETF 4.3 27 33 7.7 +4.1
SPVM Invesco S&P 500 Value with Momentum ETF 4.3 39 21 7.5 +3.8
FRI First Trust S&P REIT Index Fund 4.3 50 10 5.0 +1.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 4.3 60 0 5.9 +2.3
HLAL Wahed FTSE USA Shariah ETF 4.2 50 10 4.3 +0.7
MAGA Point Bridge GOP Stock Tracker ETF 4.2 72 -12 4.8 +1.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 4.2 11 49 5.5 +1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.2 70 -10 1.9 -1.7
USRT iShares Core U.S. REIT ETF 4.2 8 52 5.6 +2.0
MVPS Amplify Thematic All-Stars ETF 4.2 49 11 1.8 -1.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 4.2 34 26 3.9 +0.2
ADME Aptus Drawdown Managed Equity ETF 4.2 79 -19 3.8 +0.2
PY Principal Shareholder Yield Index ETF 4.2 15 45 8.4 +4.8
VGT Vanguard Information Technology Index Fund 4.2 10 50 4.3 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 4.2 8 52 4.3 +0.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 4.1 15 45 4.5 +0.9
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 4.1 40 20 4.9 +1.3
ICF iShares Cohen & Steers REIT ETF 4.1 34 26 4.5 +0.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 4.1 15 45 4.5 +0.9
IJK iShares S&P Mid-Cap 400 Growth ETF 4.1 17 43 4.5 +0.8
FUNL CornerCap Fundametrics Large-Cap ETF 4.1 50 10 6.8 +3.1
SIXL 6 Meridian Low Beta Equity Strategy ETF 4.0 88 -28 4.9 +1.2
FVL First Trust Value Line 100 ETF 4.0 70 -10 0.0 -3.7
EQOP Natixis U.S. Equity Opportunities ETF 4.0 90 -30 3.8 +0.1
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 4.0 60 0 2.2 -1.5
XLRE The Real Estate Select Sector SPDR Fund 4.0 12 48 4.8 +1.1
IQM Franklin Intelligent Machines ETF 4.0 50 10 2.0 -1.6
KVLE KFA Value Liner Dynamic Core Equity Index ETF 4.0 56 4 5.1 +1.4
KOIN Innovation Shares NextGen Protocol ETF 4.0 95 -35 4.0 +0.4
JOYY Infusive Compounding Global Equities ETF 4.0 50 10 4.0 +0.3
JHMA John Hancock Multifactor Materials ETF 3.9 40 20 6.3 +2.6
FMAT Fidelity MSCI Materials Index ETF 3.9 8 52 6.0 +2.4
VAW Vanguard Materials Index Fund 3.9 10 50 6.0 +2.3
IXN iShares Global Tech ETF 3.9 46 14 4.0 +0.3
ITB iShares U.S. Home Construction ETF 3.9 42 18 9.5 +5.8
VIRS Pacer BioThreat Strategy ETF 3.9 70 -10 5.0 +1.4
SHE SPDR SSGA Gender Diversity Index ETF 3.9 20 40 4.2 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 3.9 70 -10 3.2 -0.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.9 80 -20 5.1 +1.5
HELX Franklin Genomic Advancements ETF 3.8 50 10 -0.3 -4.0
SFYF SoFi 50 ETF 3.8 29 31 -1.3 -5.0
PWV Invesco Dynamic Large Cap Value ETF 3.8 56 4 6.9 +3.2
IVSG Invesco Select Growth ETF 3.8 48 12 2.3 -1.3
JHMT John Hancock Multifactor Technology ETF 3.8 40 20 4.3 +0.6
GVIP Goldman Sachs Hedge Industry VIP ETF 3.8 45 15 3.5 -0.2
LIV Emles (a)Home ETF 3.8 49 11 2.6 -1.1
IYR iShares U.S. Real Estate ETF 3.7 42 18 5.2 +1.5
QTUM Defiance Quantum ETF 3.7 40 20 4.8 +1.1
CACG ClearBridge All Cap Growth ETF 3.7 53 7 3.6 -0.0
TECB iShares US Tech Breakthrough Multisector ETF 3.7 40 20 3.5 -0.2
SCHH Schwab U.S. REIT ETF 3.7 7 53 5.2 +1.5
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 3.7 69 -9 4.4 +0.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 3.7 42 18 4.7 +1.1
VYM Vanguard High Dividend Yield Index ETF 3.7 6 54 6.9 +3.3
SIXA 6 Meridian Mega Cap Equity ETF 3.7 86 -26 6.2 +2.5
NUMG Nuveen ESG Mid-Cap Growth ETF 3.7 40 20 2.4 -1.3
BUZZ VanEck Vectors Social Sentiment ETF 3.7 75 -15 0.0 -3.6
OSCV Opus Small Cap Value Plus ETF 3.6 79 -19 4.2 +0.5
FREL Fidelity MSCI Real Estate Index ETF 3.6 9 52 5.3 +1.6
IMCV iShares Morningstar Mid-Cap Value ETF 3.6 6 54 6.5 +2.8
VALQ American Century STOXX U.S. Quality Value ETF 3.6 29 31 7.6 +3.9
BLES Inspire Global Hope Large Cap ETF 3.6 52 8 5.3 +1.7
EDOW First Trust Dow 30 Equal Weight ETF 3.6 50 10 5.6 +1.9
DIA SPDR Dow Jones Industrial Average ETF Trust 3.6 16 44 5.5 +1.8
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 3.6 55 5 4.9 +1.2
FMK First Trust Mega Cap AlphaDEX Fund 3.6 70 -10 0.0 -3.7
GURU Global X Guru Index ETF 3.6 75 -15 2.5 -1.1
SYV SPDR MFS Systematic Value Equity ETF 3.6 60 0 0.0 -3.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 3.5 7 53 7.2 +3.6
PPA Invesco Aerospace & Defense ETF 3.5 59 1 5.7 +2.0
CBSE Changebridge Capital Sustainable Equity ETF 3.5 85 -25 0.2 -3.5
REET iShares Global REIT ETF 3.5 14 46 5.6 +1.9
VTRN Victory Portfolios II VictoryShares Top Veteran Employers ET 3.4 60 0 6.4 +2.8
SPRE SP Funds S&P Global REIT Sharia ETF 3.4 69 -9 3.4 -0.2
TMFC Motley Fool 100 Index ETF 3.4 50 10 3.3 -0.4
VNQ Vanguard REIT Index Fund 3.4 12 48 5.3 +1.7
DGT SPDR Global Dow ETF 3.3 50 10 6.7 +3.1
VETS Pacer Military Times Best Employers ETF 3.3 60 0 0.0 -3.7
ANEW ProShares MSCI Transformational Changes ETF 3.3 45 15 2.8 -0.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 3.3 52 8 5.1 +1.4
IOO iShares Global 100 ETF 3.3 40 20 4.8 +1.2
IXG iShares Global Financials ETF 3.3 46 14 7.8 +4.1
XLV Health Care Select Sector SPDR Fund 3.2 12 48 6.9 +3.2
PLAT WisdomTree Modern Tech Platforms Fund 3.2 20 40 1.4 -2.3
EQAL Invesco Russell 1000 Equal Weight ETF 3.2 20 40 5.2 +1.6
XLG Invesco S&P 500 Top 50 ETF 3.2 20 40 4.2 +0.5
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 3.2 112 -52 3.1 -0.6
FTHI First Trust High Income ETF 3.2 85 -25 5.8 +2.2
FTLB First Trust Hedged BuyWrite Income ETF 3.2 85 -25 5.8 +2.2
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 3.2 60 0 5.4 +1.7
THNQ ROBO Global Artificial Intelligence ETF 3.2 68 -8 1.7 -2.0
IAK iShares U.S. Insurance ETF 3.2 42 18 7.5 +3.9
RWR SPDR Dow Jones REIT ETF 3.1 25 35 5.4 +1.8
KOMP SPDR Kensho New Economies Composite ETF 3.1 20 40 1.6 -2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.1 47 13 5.7 +2.1
DON WisdomTree U.S. MidCap Dividend Fund 3.1 38 22 6.8 +3.2
GNOM Global X Genomics & Biotechnology ETF 3.1 50 10 -2.0 -5.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 3.1 15 45 6.0 +2.4
NXTG First Trust Indxx NextG ETF 3.1 70 -10 5.3 +1.6
FTA First Trust Large Cap Value AlphaDEX Fund 3.1 60 0 7.7 +4.0
IYH iShares U.S. Healthcare ETF 3.0 43 17 6.0 +2.3
LSLT Salt Low truBeta US Market ETF 3.0 60 0 5.5 +1.8
FLV American Century Focused Large Cap Value ETF 3.0 42 18 6.0 +2.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.0 47 13 0.8 -2.8
IAI iShares U.S. Broker-Dealers ETF 2.9 42 18 6.9 +3.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.9 20 40 3.7 +0.1
LOUP Innovator Loup Frontier Tech ETF 2.9 70 -10 4.0 +0.4
RTM Invesco S&P 500 Equal Weight Materials ETF 2.9 40 20 5.7 +2.0
XLB Materials Select Sector SPDR Fund 2.9 12 48 5.4 +1.8
CWS AdvisorShares Focused Equity ETF 2.9 77 -17 4.4 +0.8
VXF Vanguard Extended Market Index Fund 2.9 6 54 2.5 -1.2
BLDG Cambria Global Real Estate ETF 2.8 59 1 6.7 +3.0
PPTY PPTY-U.S. Diversified Real Estate ETF 2.8 49 11 4.9 +1.3
SCHM Schwab U.S. Mid-Cap ETF 2.8 4 56 4.9 +1.3
CIBR First Trust NASDAQ CEA Cybersecurity ETF 2.8 60 0 2.8 -0.9
JHCS John Hancock Multifactor Media & Communications ETF 2.8 40 20 4.9 +1.3
FEVR Inspire Faithward Large Cap Momentum ESG ETF 2.8 85 -25 3.4 -0.3
GBLO Global Beta Low Beta ETF 2.8 29 31 7.8 +4.2
MOTO SmartETFs Smart Transportation & Technology ETF 2.8 68 -8 5.5 +1.8
MXI iShares Global Materials ETF 2.8 45 15 6.1 +2.4
STLV iShares Factors US Value Style ETF 2.7 25 35 7.8 +4.2
RNMC Mid Cap US Equity Select ETF 2.7 60 0 6.4 +2.7
IDAT iShares Cloud 5G and Tech ETF 2.7 47 13 0.0 -3.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 2.7 15 45 6.0 +2.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 2.7 68 -8 0.4 -3.2
VHT Vanguard Health Care Index Fund 2.7 10 50 5.2 +1.6
FHLC Fidelity MSCI Health Care Index ETF 2.7 8 52 5.2 +1.5
XJH iShares ESG Screened S&P Mid-Cap ETF 2.6 12 48 5.9 +2.2
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 2.6 40 20 6.0 +2.4
XLC The Communication Services Select Sector SPDR Fund 2.6 12 48 5.1 +1.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 2.6 8 52 3.9 +0.2
VOX Vanguard Telecommunication Services Index Fund 2.6 10 50 3.8 +0.1
LCG Sterling Capital Focus Equity ETF 2.6 59 1 2.2 -1.5
IXP iShares Global Comm Services ETF 2.6 46 14 5.3 +1.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 2.6 75 -15 6.4 +2.8
REZ iShares Residential Real Estate Capped ETF 2.6 48 12 4.5 +0.8
NURE Nuveen Short-Term REIT ETF 2.6 35 25 4.3 +0.6
PKW Invesco Buyback Achievers ETF 2.6 62 -2 7.6 +3.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 2.5 75 -15 3.1 -0.5
IHF iShares U.S. Healthcare Providers ETF 2.5 42 18 6.6 +3.0
BOUT Innovator IBD Breakout Opportunities ETF 2.5 80 -20 4.7 +1.1
GERM ETFMG Treatments Testing and Advancements ETF 2.5 68 -8 -4.7 -8.3
PSL Invesco DWA Consumer Staples Momentum ETF 2.5 60 0 5.2 +1.6
IEHS iShares Evolved U.S. Healthcare Staples ETF 2.5 18 42 4.8 +1.2
ESGS Columbia Sustainable U.S. Equity Income ETF 2.5 35 25 8.0 +4.3
IVOO Vanguard S&P Mid-Cap 400 ETF 2.4 10 50 5.7 +2.1
MDY SPDR S&P Midcap 400 ETF Trust 2.4 23 37 5.6 +2.0
IJH iShares Core S&P Mid-Cap ETF 2.4 5 55 5.8 +2.1
SPMD SPDR Portfolio Mid Cap ETF 2.4 5 55 5.8 +2.2
PBJ Invesco Dynamic Food & Beverage ETF 2.4 63 -3 5.7 +2.0
FDL First Trust Morningstar Dividend Leaders Index Fund 2.4 45 15 8.1 +4.5
FTXD First Trust Nasdaq Retail ETF 2.4 60 0 5.1 +1.5
RTH VanEck Vectors Retail ETF 2.4 35 25 5.0 +1.3
IYW iShares U.S. Technology ETF 2.4 43 17 3.8 +0.2
FITE SPDR Kensho Future Security ETF 2.4 45 15 2.9 -0.8
WKLY SoFi Weekly Dividend ETF 2.4 49 11 7.0 +3.3
FXL First Trust Technology AlphaDEX Fund 2.4 61 -1 4.4 +0.8
VBR Vanguard Small Cap Value Index Fund 2.3 7 53 6.7 +3.0
FNX First Trust Mid Cap Core AlphaDEX Fund 2.3 60 0 5.8 +2.1
PRNT The 3D Printing ETF 2.3 66 -6 -1.7 -5.4
IXJ iShares Global Healthcare ETF 2.3 46 14 6.0 +2.4
FPX First Trust US IPO Index Fund 2.3 57 3 1.0 -2.6
EQRR ProShares Equities for Rising Rates ETF 2.3 35 25 6.2 +2.6
GENY Principal Millennials Index ETF 2.2 45 15 5.0 +1.4
SHLD Victoryshares Protect America ETF 2.2 60 0 7.1 +3.5
DHS WisdomTree U.S. High Dividend Fund 2.2 38 22 8.1 +4.4
ONEY SPDR Russell 1000 Yield Focus ETF 2.2 20 40 7.8 +4.1
XHS SPDR S&P Health Care Services ETF 2.2 35 25 4.4 +0.8
FSMD Fidelity Small-Mid Factor ETF 2.2 29 31 6.5 +2.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.2 49 11 3.7 +0.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.2 57 3 3.7 +0.1
WFH Direxion Work From Home ETF 2.2 45 15 3.5 -0.1
XNTK SPDR NYSE Technology ETF 2.2 35 25 3.3 -0.4
SKYY First Trust Cloud Computing ETF 2.2 60 0 2.2 -1.5
OGIG O'Shares Global Internet Giants ETF 2.2 48 12 1.2 -2.5
ALFA AlphaClone Alternative Alpha ETF 2.2 65 -5 1.1 -2.5
CLOU Global X Cloud Computing ETF 2.2 68 -8 0.7 -2.9
VLUE iShares MSCI USA Value Factor ETF 2.2 15 45 10.1 +6.5
INFR Legg Mason Global Infrastructure ETF 2.2 40 20 5.9 +2.3
IDRV iShares Self-driving EV & Tech ETF 2.1 47 13 5.3 +1.7
VEGI iShares MSCI Global Agriculture Producers ETF 2.1 39 21 4.7 +1.0
AQWA Global X Clean Water ETF 2.1 50 10 3.8 +0.2
CGW Invesco S&P Global Water Index ETF 2.1 57 3 3.3 -0.4
DTEC ALPS Disruptive Technologies ETF 2.1 50 10 2.8 -0.8
XMHQ Invesco S&P MidCap Quality ETF 2.1 25 35 6.1 +2.5
ARKX ARK Space Exploration & Innovation ETF 2.1 75 -15 3.4 -0.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 2.1 7 53 3.9 +0.2
ENTR Entrepreneur 30 Fund 2.1 49 11 1.2 -2.4
KIE SPDR S&P Insurance ETF 2.1 35 25 7.5 +3.9
RWO SPDR Dow Jones Global Real Estate ETF 2.0 50 10 5.2 +1.5
QVAL Alpha Architect U.S. Quantitative Value ETF 2.0 49 11 8.5 +4.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.0 65 -5 0.7 -2.9
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 -10 5.7 +2.1
SFYX Sofi Next 500 ETF 1.9 0 60 4.6 +0.9
IFRA iShares U.S. Infrastructure ETF 1.9 40 20 3.9 +0.3
LSAT Leadershares Alphafactor Tactical Focused ETF 1.9 99 -39 7.7 +4.0
ABEQ Absolute Core Strategy ETF 1.9 88 -28 4.5 +0.8
VB Vanguard Small-Cap ETF 1.9 5 55 4.6 +1.0
CLMA iClima Global Decarbonization Transition Leaders ETF 1.9 65 -5 2.1 -1.6
BLOK Amplify Transformational Data Sharing ETF 1.8 70 -10 0.8 -2.9
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 1.8 60 0 3.4 -0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 1.8 70 -10 7.9 +4.2
MOO VanEck Vectors Agribusiness ETF 1.8 56 4 4.5 +0.8
XSW SPDR S&P Software & Services ETF 1.8 35 25 2.7 -0.9
NUSC Nuveen ESG Small-Cap ETF 1.7 40 20 3.9 +0.3
COWZ Pacer US Cash Cows 100 ETF 1.7 49 11 9.3 +5.7
RYJ Invesco Raymond James SB-1 Equity ETF 1.7 76 -16 2.8 -0.8
BBH VanEck Vectors Biotech ETF 1.6 35 25 3.4 -0.3
IBB iShares NASDAQ Biotechnology ETF 1.6 46 14 0.1 -3.6
FBT First Trust NYSE Arca Biotechnology Index Fund 1.6 55 5 -1.2 -4.8
PTH Invesco DWA Healthcare Momentum ETF 1.6 60 0 -1.2 -4.9
META Roundhill Ball Metaverse ETF 1.6 75 -15 3.0 -0.7
AFMC First Trust Active Factor Mid Cap ETF 1.6 65 -5 6.5 +2.9
GBGR Global Beta Momentum-Growth ETF 1.6 29 31 3.3 -0.3
SMMD iShares Russell 2500 ETF 1.6 15 45 5.0 +1.3
XTL SPDR S&P Telecom ETF 1.6 35 25 2.2 -1.5
HART IQ Healthy Hearts ETF 1.6 45 15 4.3 +0.7
IVRA Invesco Real Assets ESG ETF 1.6 59 1 4.7 +1.0
VPN Global X Data Center REITs & Digital Infrastructure ETF 1.6 50 10 3.9 +0.2
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 1.6 60 0 1.8 -1.8
ROBO Robo Global Robotics & Automation Index ETF 1.6 95 -35 2.2 -1.5
IUSS Invesco Strategic US Small Company ETF 1.5 23 37 4.6 +1.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.5 30 30 5.3 +1.7
XHE SPDR S&P Health Care Equipment ETF 1.5 35 25 -0.3 -3.9
VFVA Vanguard U.S. Value Factor ETF 1.5 14 46 8.6 +4.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.5 40 20 5.6 +2.0
KLDW Gavekal Knowledge Leaders Developed World ETF 1.5 75 -15 3.8 +0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.4 17 43 4.0 +0.4
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.4 60 0 9.7 +6.0
ACTV LeaderShares Activist Leaders ETF 1.3 75 -15 5.0 +1.4
VBK Vanguard Small-Cap Growth Index Fund 1.3 7 53 1.8 -1.8
BMED BlackRock Future Health ETF 1.3 85 -25 -0.2 -3.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.3 6 54 4.1 +0.4
VRAI Virtus Real Asset Income ETF 1.2 55 5 7.1 +3.5
SMDY Syntax Stratified MidCap ETF 1.2 35 25 5.2 +1.6
SDG iShares Sustainable MSCI Global Impact ETF 1.2 49 11 6.6 +2.9
VUSE Vident Core US Equity Fund 1.2 48 12 8.0 +4.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 1.2 20 40 0.0 -3.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.1 35 25 4.1 +0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.1 50 10 5.8 +2.1
GLIF AGFiQ Global Infrastructure ETF 1.1 45 15 4.5 +0.8
PTF Invesco DWA Technology Momentum ETF 1.1 60 0 3.3 -0.3
PSJ Invesco Dynamic Software ETF 1.1 56 4 3.1 -0.5
IGV iShares Expanded Tech-Software ETF 1.1 46 14 2.1 -1.5
WUGI Esoterica NextG Economy ETF 1.1 75 -15 1.0 -2.6
IWFH iShares Virtual Work and Life Multisector ETF 1.1 47 13 0.4 -3.2
XRT SPDR S&P Retail ETF 1.1 35 25 5.1 +1.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.1 61 -1 4.4 +0.7
FLM First Trust Global Engineering and Construction ETF 1.1 70 -10 7.1 +3.4
GIGE SoFi Gig Economy ETF 1.0 59 1 -0.7 -4.3
WWJD Inspire International ESG ETF 1.0 80 -20 5.3 +1.7
BUL Pacer US Cash Cows Growth ETF 1.0 60 0 5.2 +1.6
IEME iShares Evolved U.S. Media & Entertainment ETF 1.0 18 42 5.2 +1.5
EKAR Innovation Shares NextGen Vehicles & Technology ETF 1.0 95 -35 4.9 +1.2
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 1.0 58 2 3.8 +0.2
KNGS UPHOLDINGS Compound Kings ETF 1.0 60 0 2.7 -0.9
SOCL Global X Social Media ETF 1.0 65 -5 2.3 -1.3
FDN First Trust Dow Jones Internet Index Fund 1.0 51 9 1.9 -1.7
MRAD SmartETFs Advertising & Marketing Technology ETF 1.0 68 -8 1.4 -2.3
XITK SPDR FactSet Innovative Technology ETF 1.0 45 15 0.1 -3.6
SUBZ Roundhill Streaming Services & Technology ETF 1.0 75 -15 -1.3 -4.9
PBS Invesco Dynamic Media ETF 1.0 63 -3 -5.4 -9.0
KBE SPDR S&P Bank ETF 1.0 35 25 8.5 +4.9
KBWB Invesco KBW Bank ETF 1.0 35 25 7.7 +4.0
KRE SPDR S&P Regional Banking ETF 1.0 35 25 7.5 +3.8
IAT iShares U.S. Regional Banks ETF 1.0 42 18 7.5 +3.8
FTXO First Trust Nasdaq Bank ETF 1.0 60 0 7.3 +3.7
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 1.0 40 20 6.1 +2.5
XLP Consumer Staples Select Sector SPDR Fund 1.0 12 48 5.4 +1.8
FSTA Fidelity MSCI Consumer Staples Index ETF 1.0 8 52 5.4 +1.7
VDC Vanguard Consumer Staples Index Fund 1.0 10 50 5.4 +1.7
KXI iShares Global Consumer Staples ETF 1.0 46 14 5.2 +1.5
IYK iShares U.S. Consumer Goods ETF 1.0 43 17 4.8 +1.1
LUXE Emles Luxury Goods ETF 1.0 60 0 3.0 -0.6
RWK Invesco S&P MidCap 400 Revenue ETF 1.0 39 21 6.7 +3.1
DWLD Davis Select Worldwide ETF 1.0 63 -3 6.3 +2.7
CVY Invesco Zacks Multi-Asset Income ETF 1.0 94 -34 8.3 +4.7
SPHB Invesco S&P 500 High Beta ETF 1.0 25 35 3.3 -0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.9 15 45 6.9 +3.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.9 15 45 6.9 +3.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.9 18 42 6.8 +3.2
BNE Blue Horizon BNE ETF 0.9 87 -27 3.2 -0.5
SQEW LeaderShares Equity Skew ETF 0.9 75 -15 5.9 +2.2
GRES IQ Global Resources ETF 0.9 78 -18 7.0 +3.4
IGE iShares North American Natural Resources ETF 0.8 46 14 4.3 +0.6
JDIV JPMorgan U.S. Dividend ETF 0.8 12 48 7.1 +3.5
DEW WisdomTree Global High Dividend Fund 0.8 58 2 8.9 +5.2
SPVU Invesco S&P 500 Enhanced Value ETF 0.8 13 47 8.8 +5.1
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -10 8.1 +4.5
HDV iShares Core High Dividend ETF 0.8 8 52 6.3 +2.7
DVY iShares Select Dividend ETF 0.8 39 21 7.9 +4.2
JHSC John Hancock Multifactor Small Cap ETF 0.7 42 18 5.0 +1.3
GAMR ETFMG Video Game Tech ETF 0.7 75 -15 4.2 +0.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 54 0.5 -3.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 21 4.0 +0.4
IEIH iShares Evolved U.S. Innovative Healthcare ETF 0.6 18 42 4.2 +0.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.6 25 35 5.1 +1.5
SCHA Schwab U.S. Small-Cap ETF 0.5 4 56 3.6 -0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 0.5 38 22 7.3 +3.7
IWO iShares Russell 2000 Growth ETF 0.5 24 36 0.3 -3.4
VTWG Vanguard Russell 2000 Growth Index Fund 0.5 15 45 0.4 -3.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 56 4.2 +0.6
ISCB iShares Morningstar Small-Cap ETF 0.3 4 56 3.2 -0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 31 5.2 +1.6
EZM WisdomTree U.S. MidCap Earnings Fund 0.3 38 22 7.8 +4.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 21 6.5 +2.8
IWM iShares Russell 2000 ETF 0.2 19 41 2.2 -1.4
VTWO Vanguard Russell 2000 Index Fund 0.2 10 50 2.3 -1.3
HAP VanEck Vectors Natural Resources ETF 0.2 50 10 6.2 +2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 40 4.4 +0.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.2 29 31 2.2 -1.5
DFAS Dimensional U.S. Small Cap ETF 0.2 34 26 5.1 +1.5
DFAT Dimensional U.S. Targeted Value ETF 0.0 34 26 6.5 +2.8

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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

Content on this tab for subscribers only

VALUATION METRICS
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 First Trust Dorsey Wright Momentum & Low Volatility ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.0 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.49
 
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.