AdvisorShares Dorsey Wright Micro-Cap ETF
ALTAR
Score™		 0.7% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 14.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.6x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AdvisorShares Dorsey Wright Micro-Cap ETF is an actively managed portfolio of US-listed micro-cap stocks. The fund follows a rules-based momentum strategy and seeks long-term capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor AdvisorShares
Website www.advisorshares.com
Inception date Jul 10, 2018
Assets (mns) $5
Currency USD
Expense ratio 125 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 157
Wgt avg mkt cap (mns) $753
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 87.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CYMABAY THERAPEUTICS, INC. 2.1 %
MODINE MANUFACTURING CO 1.8 %
STEEL PARTNERS HOLDINGS L.P. 1.7 %
ALPHA METALLURGICAL RESOURCES, INC 1.6 %
STERLING CONSTRUCTION CO 1.6 %
PERMIAN BASIN ROYALTY TRUST 1.5 %
BEL FUSE INC-CL B 1.5 %
NATURAL RESOURCE PARTNERS LP 1.3 %
LIMBACH HOLDINGS, INC. 1.3 %
MOONLAKE IMMUNOTHERAPEUTICS CLASS 1.3 %
Total 15.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.1 %
GREECE 1.8 %
CAYMAN ISLANDS 1.4 %
SWITZERLAND 1.3 %
BERMUDA 0.9 %
ISRAEL 0.6 %
BRITAIN 0.6 %




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.
4.3% 3.9% 5.1% -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.96 49%
MSCI EAFE 0.93 49%
MSCI Emg. Mkts. 0.71 27%

Technical Indicators
Recent close $32.04
30d moving avg. $32.67
Annualized volatility 24.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $473

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 340 potential alternatives to the AdvisorShares Dorsey Wright Micro-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with DWMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWMC Expense: 125 bp ALTAR Score™: 0.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWMC
Ticker Fund
Name		 Overlap1
vs DWMC
(%)		 Expense
ratio
(bp)		 Savings
vs DWMC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DWMC
(%)
FDM First Trust Dow Jones Select Microcap Index Fund 24.0 60 65 7.6 +6.9
DWAS Invesco DWA SmallCap Momentum ETF 20.9 60 65 1.4 +0.7
IWC iShares Micro-Cap ETF 14.7 60 65 -3.9 -4.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 13.2 39 86 10.0 +9.4
ROSC Hartford Multifactor Small Cap ETF 11.0 34 91 11.3 +10.6
DEEP Roundhill Acquirers Deep Value ETF 11.0 80 45 17.9 +17.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 10.4 47 78 10.0 +9.4
SQLV Legg Mason Small-Cap Quality Value 9.8 60 65 10.4 +9.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.8 39 86 12.1 +11.4
SVAL iShares US Small Cap Value Factor ETF 7.5 20 105 11.7 +11.1
AFSM First Trust Active Factor Small Cap ETF 7.0 77 48 9.8 +9.1
AVSC Avantis U.S Small Cap Equity ETF 6.6 25 100 5.4 +4.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.1 35 90 13.5 +12.8
JSML Janus Henderson Small Cap Growth Alpha ETF 5.7 30 95 11.3 +10.7
EES WisdomTree SmallCap Earnings Fund 5.5 38 87 12.5 +11.8
AVUV Avantis U.S. Small Cap Value ETF 5.3 25 100 10.6 +9.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.3 20 105 7.5 +6.9
QQQS Invesco NASDAQ Future Gen 200 ETF 5.1 20 105 -11.6 -12.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 5.1 12 113 8.5 +7.8
VAMO Cambria Value & Momentum ETF 5.0 64 61 11.5 +10.8
IFRA iShares U.S. Infrastructure ETF 4.8 30 95 6.4 +5.7
PRN Invesco DWA Industrials Momentum ETF 4.8 60 65 6.3 +5.6
SSLY Syntax Stratified SmallCap ETF 4.7 40 85 8.1 +7.4
DES WisdomTree U.S. SmallCap Dividend Fund 4.6 38 87 9.8 +9.1
VRAI Virtus Real Asset Income ETF 4.6 55 70 9.0 +8.3
CSML IQ Chaikin U.S. Small Cap ETF 4.6 35 90 6.8 +6.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 4.3 39 86 4.8 +4.1
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 4.2 19 106 8.5 +7.9
BBC Virtus LifeSci Biotech Clinical Trials ETF 4.1 79 46 0.0 -0.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.1 35 90 8.4 +7.7
CALF Pacer US Small Cap Cash Cows 100 ETF 3.9 59 66 12.9 +12.3
PTH Invesco DWA Healthcare Momentum ETF 3.9 60 65 -2.9 -3.6
VFMF Vanguard U.S. Multifactor ETF 3.8 18 107 9.5 +8.9
ECML Euclidean Fundamental Value ETF 3.8 95 30 16.0 +15.3
XSMO Invesco S&P SmallCap Momentum ETF 3.7 39 86 6.1 +5.5
VFMO Vanguard U.S. Momentum Factor ETF 3.7 13 112 2.7 +2.1
DSMC Distillate Small/Mid Cash Flow ETF 3.7 55 70 12.3 +11.6
DFSV Dimensional US Small Cap Value ETF 3.4 31 94 9.6 +8.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 3.3 39 86 6.1 +5.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.3 29 96 8.4 +7.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 3.3 59 66 8.3 +7.6
DFAT Dimensional U.S. Targeted Value ETF 3.2 28 97 9.4 +8.7
XME SPDR S&P Metals & Mining ETF 3.2 35 90 8.6 +7.9
BFOR Barron's 400 ETF 3.2 65 60 8.7 +8.1
PSC Principal U.S. Small Cap Index ETF 3.2 38 87 8.6 +7.9
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.1 38 87 11.0 +10.4
PSCE Invesco S&P SmallCap Energy ETF 3.1 29 96 4.6 +4.0
AIRR First Trust RBA American Industrial Renaissance ETF 3.1 70 55 5.9 +5.2
VTWV Vanguard Russell 2000 Value Index Fund 3.0 15 110 7.0 +6.3
IWN iShares Russell 2000 Value ETF 3.0 24 101 7.0 +6.4
PSCM Invesco S&P SmallCap Materials ETF 3.0 29 96 8.1 +7.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.0 35 90 8.8 +8.2
SIXS 6 Meridian Small Cap Equity ETF 2.9 89 36 8.6 +7.9
SANE Subversive Mental Health ETF 2.9 75 50 3.0 +2.4
PXJ Invesco Dynamic Oil & Gas Services ETF 2.8 63 62 -0.7 -1.3
MGMT Ballast Small/Mid Cap ETF 2.8 110 15 6.9 +6.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.8 30 95 9.5 +8.8
PXI Invesco DWA Energy Momentum ETF 2.7 60 65 4.0 +3.3
FSMD Fidelity Small-Mid Factor ETF 2.7 29 96 8.3 +7.6
CBSE Changebridge Capital Sustainable Equity ETF 2.7 85 40 2.1 +1.4
SYLD Cambria Shareholder Yield ETF 2.7 59 66 11.7 +11.0
IWM iShares Russell 2000 ETF 2.7 19 106 4.6 +3.9
DFAS Dimensional U.S. Small Cap ETF 2.7 26 99 6.9 +6.2
VTWO Vanguard Russell 2000 Index Fund 2.6 10 115 4.6 +3.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.6 30 95 11.6 +11.0
NVIR Horizon Kinetics Energy and Remediation ETF 2.6 85 40 0.2 -0.5
XSHQ Invesco S&P SmallCap Quality ETF 2.6 30 95 10.5 +9.9
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 2.6 30 95 13.7 +13.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.5 39 86 11.8 +11.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.4 15 110 10.0 +9.3
PAVE Global X U.S. Infrastructure Development ETF 2.4 47 78 6.9 +6.2
IJS iShares S&P Small-cap 600 Value ETF 2.4 18 107 10.1 +9.4
SLYV SPDR S&P 600 Small Cap Value ETF 2.4 15 110 10.1 +9.4
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 2.3 101 24 0.8 +0.1
IWO iShares Russell 2000 Growth ETF 2.3 24 101 1.8 +1.1
ESIX SPDR S&P SmallCap 600 ESG ETF 2.3 12 113 8.6 +8.0
PBW Invesco WilderHill Clean Energy ETF 2.3 61 64 -9.4 -10.0
DBLV AdvisorShares DoubleLine Value Equity ETF 2.3 91 34 8.7 +8.1
VTWG Vanguard Russell 2000 Growth Index Fund 2.3 15 110 1.7 +1.1
XJR iShares ESG Screened S&P Small-Cap ETF 2.3 12 113 7.9 +7.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 2.2 15 110 8.5 +7.8
SBIO ALPS Medical Breakthroughs ETF 2.2 50 75 -3.6 -4.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 2.2 60 65 10.8 +10.1
VIOO Vanguard S&P Small-Cap 600 ETF 2.1 10 115 8.5 +7.8
IJR iShares Core S&P Small Cap ETF 2.1 6 119 8.5 +7.8
PSCI Invesco S&P SmallCap Industrials ETF 2.1 29 96 7.7 +7.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 2.1 3 122 8.6 +8.0
XPH SPDR S&P Pharmaceuticals ETF 2.1 35 90 6.7 +6.0
FYC First Trust Small Cap Growth AlphaDEX Fund 2.1 71 54 2.0 +1.4
VFQY Vanguard U.S. Quality Factor ETF 2.1 13 112 7.9 +7.2
SMLE Xtrackers S&P SmallCap 600 ESG ETF 2.1 15 110 8.5 +7.9
BOAT SonicShares Global Shipping ETF 2.0 69 56 19.5 +18.8
HAIL SPDR S&P Kensho Smart Mobility ETF 1.9 45 80 -3.8 -4.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.9 60 65 11.3 +10.7
RYJ Invesco Raymond James SB-1 Equity ETF 1.9 81 44 4.2 +3.6
SLYG SPDR S&P 600 Small Cap Growth ETF 1.9 15 110 7.0 +6.4
IJT iShares S&P Small-Cap 600 Growth ETF 1.9 25 100 6.9 +6.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.9 15 110 7.1 +6.4
FYX First Trust Small Cap Core AlphaDEX Fund 1.7 61 64 8.4 +7.7
VFVA Vanguard U.S. Value Factor ETF 1.7 13 112 11.5 +10.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.7 85 40 5.8 +5.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.7 20 105 5.8 +5.1
MEDI Harbor Health Care ETF 1.7 80 45 0.7 -0.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.6 25 100 6.9 +6.2
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 1.6 60 65 4.3 +3.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 1.6 35 90 -2.2 -2.8
KCE SPDR S&P Capital Markets ETF 1.6 35 90 8.2 +7.5
FIXT Procure Disaster Recovery Strategy ETF 1.6 75 50 5.5 +4.8
PKB Invesco Dynamic Building & Construction ETF 1.6 60 65 12.2 +11.5
XHE SPDR S&P Health Care Equipment ETF 1.5 35 90 0.7 +0.0
PSCF Invesco S&P SmallCap Financials ETF 1.5 29 96 11.5 +10.8
XSLV Invesco S&P SmallCap Low Volatility ETF 1.5 25 100 7.2 +6.5
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 119 9.1 +8.4
CVY Invesco Zacks Multi-Asset Income ETF 1.3 100 25 11.9 +11.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.3 73 52 11.9 +11.3
GREK Global X FTSE Greece 20 ETF 1.3 57 68 -0.7 -1.3
GURU Global X Guru Index ETF 1.3 75 50 5.0 +4.4
ISMD Inspire Small/Mid Cap Impact ETF 1.3 54 71 5.6 +5.0
OSCV Opus Small Cap Value Plus ETF 1.3 79 46 6.4 +5.7
IGN iShares North American Tech-Multimedia Networking ETF 1.2 41 84 8.8 +8.1
ISCB iShares Morningstar Small-Cap ETF 1.2 4 121 5.9 +5.2
NUSC Nuveen ESG Small-Cap ETF 1.2 31 94 6.2 +5.6
EATZ AdvisorShares Restaurant ETF 1.2 99 26 1.9 +1.3
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 119 2.3 +1.6
SIXL 6 Meridian Low Beta Equity Strategy ETF 1.1 80 45 6.0 +5.3
TPSC Timothy Plan US Small Cap Core ETF 1.1 52 73 8.6 +7.9
TMFS Motley Fool Small Cap Growth ETF 1.1 85 40 1.8 +1.1
PSCH Invesco S&P SmallCap Health Care ETF 1.1 29 96 3.1 +2.5
SLX VanEck Steel ETF 1.1 56 69 23.9 +23.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.1 25 100 10.0 +9.3
IEZ iShares U.S. Oil Equipment & Services ETF 1.1 40 85 0.6 -0.1
OIH VanEck Oil Services ETF 1.1 35 90 0.7 +0.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 1.1 35 90 8.6 +7.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 1.1 37 88 8.6 +7.9
ENRG SoFi Smart Energy ETF 1.1 59 66 -1.8 -2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.1 70 55 4.3 +3.6
EVX VanEck Environmental Services ETF 1.1 55 70 3.7 +3.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.1 17 108 6.3 +5.6
FFTY Innovator IBD 50 ETF 1.0 80 45 2.9 +2.2
XBI SPDR S&P BIOTECH ETF 1.0 35 90 -1.6 -2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 84 8.6 +7.9
RAYD Rayliant Quantitative Developed Market Equity ETF 1.0 80 45 8.9 +8.2
VXF Vanguard Extended Market Index Fund 1.0 6 119 4.3 +3.6
BOUT Innovator IBD Breakout Opportunities ETF 1.0 81 44 3.2 +2.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 116 5.2 +4.5
WCEO Hypatia Women CEO ETF 0.9 85 40 6.3 +5.6
RDOG ALPS REIT Dividend Dogs ETF 0.9 35 90 13.6 +12.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.9 52 73 8.7 +8.1
KCAL Subversive Food Security ETF 0.9 75 50 8.6 +7.9
VFMV Vanguard U.S. Minimum Volatility ETF 0.9 13 112 6.4 +5.8
BMED BlackRock Future Health ETF 0.9 85 40 2.1 +1.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.8 24 101 8.9 +8.3
AQWA Global X Clean Water ETF 0.8 50 75 5.1 +4.4
BAD B.A.D. ETF 0.8 75 50 3.2 +2.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.8 95 30 2.5 +1.8
BOTZ Global X Robotics & Artificial Intelligence ETF 0.8 69 56 3.4 +2.7
SEA U.S. Global Sea to Sky Cargo ETF 0.8 60 65 30.8 +30.2
PSCT Invesco S&P SmallCap Information Technology ETF 0.7 29 96 6.6 +5.9
XTL SPDR S&P Telecom ETF 0.7 35 90 10.0 +9.3
KOMP SPDR Kensho New Economies Composite ETF 0.7 20 105 -0.4 -1.0
SNSR Global X Internet of Things Thematic ETF 0.7 68 57 4.9 +4.2
DKRB Subversive Decarbonization ETF 0.7 75 50 -0.4 -1.1
DIV Global X SuperDividend US ETF 0.7 45 80 8.5 +7.9
AADR AdvisorShares Dorsey Wright ADR ETF 0.7 100 25 6.5 +5.8
SCHA Schwab U.S. Small-Cap ETF 0.7 4 121 5.6 +5.0
SDIV Global X SuperDividend ETF 0.6 58 67 18.3 +17.6
XRT SPDR S&P Retail ETF 0.6 35 90 10.1 +9.4
XSW SPDR S&P Software & Services ETF 0.6 35 90 2.4 +1.7
QTUM Defiance Quantum ETF 0.6 40 85 8.2 +7.6
FMAT Fidelity MSCI Materials Index ETF 0.6 8 117 7.3 +6.6
IZRL ARK Israel Innovative Technology ETF 0.6 49 76 0.6 -0.0
BRF VanEck Brazil Small-Cap ETF 0.6 66 59 5.5 +4.9
WCLD WisdomTree Cloud Computing Fund 0.6 45 80 -0.3 -0.9
ERSX ERShares NextGen Entrepreneurs ETF 0.6 75 50 7.1 +6.4
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 50 2.2 +1.5
VUSE Vident Core US Equity Fund 0.5 50 75 6.3 +5.7
RNSC Small Cap US Equity Select ETF 0.5 60 65 8.9 +8.2
ACES ALPS Clean Energy ETF 0.5 55 70 -3.1 -3.8
JFWD Jacob Forward ETF 0.5 75 50 -14.0 -14.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.5 60 65 10.2 +9.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.5 58 67 5.0 +4.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 108 6.6 +5.9
ITEQ BlueStar Israel Technology ETF 0.5 75 50 2.2 +1.5
VERS ProShares Metaverse ETF 0.5 58 67 -8.6 -9.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 86 12.4 +11.7
WOOD iShares Global Timber & Forestry ETF 0.5 42 83 9.8 +9.2
KRUZ Unusual Whales Subversive Republican Trading ETF 0.5 75 50 4.8 +4.1
MJ ETFMG Alternative Harvest ETF 0.5 75 50 -92.3 -93.0
RESI Kelly Residential & Apartment Real Estate ETF 0.5 68 57 5.1 +4.4
THCX The Cannabis ETF 0.5 75 50 -64.4 -65.0
YOLO AdvisorShares Pure Cannabis ETF 0.5 88 37 -50.3 -51.0
REM iShares Mortgage Real Estate ETF 0.5 48 77 14.1 +13.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.5 15 110 6.2 +5.5
RIET Hoya Capital High Dividend Yield ETF 0.5 50 75 11.9 +11.2
VAW Vanguard Materials Index Fund 0.4 10 115 6.9 +6.3
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 90 8.5 +7.8
EZM WisdomTree U.S. MidCap Earnings Fund 0.4 38 87 11.1 +10.5
IBRN iShares Neuroscience and Healthcare ETF 0.4 47 78 -3.8 -4.5
EATV VegTech Plant-based Innovation & Climate ETF 0.4 75 50 1.9 +1.2
MAKX ProShares S&P Kensho Smart Factories ETF 0.4 58 67 3.8 +3.1
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 0.4 48 77 7.9 +7.2
DHS WisdomTree U.S. High Dividend Fund 0.4 38 87 9.8 +9.1
GVLU Gotham 1000 Value ETF 0.4 50 75 9.6 +9.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 62 3.5 +2.8
AVUS Avantis U.S. Equity ETF 0.4 15 110 6.9 +6.2
EDUT Global X Education ETF 0.4 50 75 2.4 +1.7
BYOB SoFi Be Your Own Boss ETF 0.4 59 66 -3.1 -3.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.4 68 57 0.6 -0.1
BLOK Amplify Transformational Data Sharing ETF 0.4 75 50 -0.3 -1.0
GFOF Grayscale Future of Finance ETF 0.4 70 55 -2.3 -2.9
TWEB SoFi Web 3 ETF 0.4 59 66 -3.4 -4.1
HOMZ Hoya Capital Housing ETF 0.4 30 95 9.5 +8.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 0.4 35 90 9.5 +8.8
PTEC Global X PropTech ETF 0.4 50 75 2.8 +2.1
PFI Invesco DWA Financial Momentum ETF 0.4 60 65 5.1 +4.4
GDOC Goldman Sachs Future Health Care Equity ETF 0.4 75 50 1.8 +1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 87 8.9 +8.3
KRE SPDR S&P Regional Banking ETF 0.4 35 90 11.8 +11.1
GOEX Global X Gold Explorers ETF 0.4 65 60 6.0 +5.3
SIL Global X Silver Miners ETF 0.4 65 60 2.4 +1.8
SILJ ETFMG Prime Junior Silver ETF 0.4 69 56 2.2 +1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 45 9.0 +8.3
STXK Strive Small-Cap ETF 0.4 18 107 5.8 +5.1
PHO Invesco Water Resources ETF 0.4 60 65 4.8 +4.2
SGDJ Sprott Junior Gold Miners ETF 0.3 50 75 6.1 +5.4
GDXJ VanEck Junior Gold Miners ETF 0.3 52 73 6.4 +5.7
HAUS Residential REIT Income ETF 0.3 60 65 6.7 +6.0
HERO Global X Video Games & Esports ETF 0.3 50 75 9.7 +9.0
ICLN iShares Global Clean Energy ETF 0.3 40 85 4.0 +3.3
CUT Invesco MSCI Global Timber ETF 0.3 61 64 9.1 +8.4
DFUV Dimensional US Marketwide Value ETF 0.3 22 103 8.6 +8.0
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 107 6.7 +6.0
PKW Invesco Buyback Achievers ETF 0.3 64 61 9.0 +8.4
RNEW VanEck Green Infrastructure ETF 0.3 45 80 0.0 -0.7
IBB iShares NASDAQ Biotechnology ETF 0.3 45 80 0.7 +0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 100 6.6 +5.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.3 8 117 5.0 +4.4
FIDU Fidelity MSCI Industrials Index ETF 0.3 8 117 5.6 +4.9
IBBQ Invesco Nasdaq Biotechnology ETF 0.3 19 106 1.2 +0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 58 11.0 +10.4
EIS iShares MSCI Israel ETF 0.3 58 67 10.7 +10.0
IPAY ETFMG Prime Mobile Payments ETF 0.2 75 50 8.8 +8.1
SAGP Strategas Global Policy Opportunities ETF 0.2 65 60 7.6 +6.9
FENY Fidelity MSCI Energy Index ETF 0.2 8 117 6.4 +5.7
IAI iShares U.S. Broker-Dealers ETF 0.2 40 85 7.9 +7.2
VCR Vanguard Consumer Discretionary Index Fund 0.2 10 115 5.0 +4.3
PIO Invesco Global Water ETF 0.2 75 50 5.7 +5.0
VIS Vanguard Industrials Index Fund 0.2 10 115 5.3 +4.6
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 118 1.5 +0.8
DFAU Dimensional US Core Equity Market ETF 0.2 12 113 6.0 +5.4
TPYP Tortoise North American Pipeline Fund 0.2 40 85 5.5 +4.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.2 58 67 -0.6 -1.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.2 50 75 4.0 +3.3
VDE Vanguard Energy Index Fund 0.2 10 115 6.2 +5.5
BTEC Principal Healthcare Innovators Index ETF 0.1 42 83 -4.7 -5.4
IWV iShares Russell 3000 ETF 0.1 20 105 5.6 +5.0
VTHR Vanguard Russell 3000 Index Fund 0.1 10 115 5.7 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 116 6.4 +5.7
VB Vanguard Small-Cap ETF 0.1 5 120 6.2 +5.5
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 113 8.3 +7.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 122 5.8 +5.1
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 0.1 35 90 3.0 +2.4
SXQG 6 Meridian Quality Growth ETF 0.1 100 25 5.0 +4.4
FNCL Fidelity MSCI Financials Index ETF 0.1 8 117 7.6 +6.9
VTI Vanguard Total Stock Market Index Fund 0.1 3 122 5.7 +5.0
DFUS Dimensional U.S. Equity ETF 0.1 9 116 5.8 +5.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 121 6.6 +5.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.1 25 100 7.6 +7.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 95 8.7 +8.1
ITB iShares U.S. Home Construction ETF 0.1 40 85 13.3 +12.6
USRT iShares Core U.S. REIT ETF 0.1 8 117 7.5 +6.9
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.1 35 90 9.6 +8.9
FRI First Trust S&P REIT Index Fund 0.1 50 75 7.0 +6.4
PRNT The 3D Printing ETF 0.1 66 59 -3.2 -3.9
ERTH Invesco MSCI Sustainable Future ETF 0.1 56 69 4.2 +3.5
INNO Harbor Disruptive Innovation ETF 0.1 75 50 -3.5 -4.2
VBR Vanguard Small Cap Value Index Fund 0.1 7 118 9.2 +8.5
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 117 5.5 +4.9
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 117 6.7 +6.1
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 117 6.8 +6.1
CRED Columbia Research Enhanced Real Estate ETF 0.1 33 92 7.9 +7.2
IDRV iShares Self-driving EV & Tech ETF 0.1 47 78 -0.9 -1.6
FCG First Trust Natural Gas ETF 0.1 60 65 9.2 +8.6
VFH Vanguard Financials Index Fund 0.1 10 115 7.6 +6.9
IAK iShares U.S. Insurance ETF 0.1 39 86 7.1 +6.4
DFAR Dimensional US Real Estate ETF 0.1 19 106 7.5 +6.8
TRFK Pacer Data and Digital Revolution ETF 0.1 60 65 4.9 +4.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 104 4.2 +3.5
GWX SPDR S&P International Small Cap ETF 0.1 40 85 5.9 +5.2
VGT Vanguard Information Technology Index Fund 0.1 10 115 5.5 +4.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 105 7.2 +6.6
REZ iShares Residential Real Estate Capped ETF 0.1 48 77 6.4 +5.7
VPU Vanguard Utilities Index Fund 0.1 10 115 6.5 +5.9
HKND Humankind US Stock ETF 0.1 11 114 7.3 +6.6
DFGR Dimensional Global Real Estate ETF 0.1 22 103 7.1 +6.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 113 5.5 +4.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.1 11 114 7.5 +6.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 122 5.9 +5.2
FBCG Fidelity Blue Chip Growth ETF 0.0 59 66 2.3 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 122 6.2 +5.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 60 6.5 +5.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 75 7.4 +6.7
FILL iShares MSCI Global Energy Producers ETF 0.0 39 86 8.0 +7.4
FREL Fidelity MSCI Real Estate Index ETF 0.0 8 117 7.5 +6.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 96 10.9 +10.3
ONEY SPDR Russell 1000 Yield Focus ETF 0.0 20 105 11.4 +10.7
SCHD Schwab U.S. Dividend Equity ETF 0.0 6 119 9.4 +8.7
PFM Invesco Dividend Achievers ETF 0.0 53 72 6.4 +5.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 39 86 6.4 +5.8
VHT Vanguard Health Care Index Fund 0.0 10 115 6.7 +6.0
IGM iShares Expanded Tech Sector ETF 0.0 41 84 5.4 +4.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 86 8.4 +7.7
IYG iShares US Financial Services ETF 0.0 39 86 7.4 +6.7
VIG Vanguard Dividend Appreciation Index Fund 0.0 6 119 6.3 +5.6
IYF iShares U.S. Financials ETF 0.0 39 86 7.5 +6.8
TECB iShares US Tech Breakthrough Multisector ETF 0.0 40 85 4.9 +4.3
SMMD iShares Russell 2500 ETF 0.0 15 110 6.8 +6.1
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 118 8.2 +7.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 105 7.9 +7.3
DSI iShares MSCI KLD 400 Social ETF 0.0 25 100 5.9 +5.3
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 102 4.5 +3.8
DTD WisdomTree U.S.Total Dividend Fund 0.0 28 97 7.4 +6.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 118 7.7 +7.0
IWR iShares Russell Midcap ETF 0.0 18 107 6.6 +5.9
IWS iShares Russell Mid-Cap Value ETF 0.0 23 102 7.6 +7.0
VT Vanguard Total World Stock ETF 0.0 7 118 6.6 +6.0
IXUS ishares Core MSCI Total International Stock ETF 0.0 7 118 7.8 +7.2
AVDE Avantis International Equity ETF 0.0 23 102 8.9 +8.3
IWD iShares Russell 1000 Value ETF 0.0 19 106 7.4 +6.7
STXV Strive 1000 Value ETF 0.0 18 107 8.4 +7.7
IYY iShares Dow Jones U.S. ETF 0.0 20 105 5.8 +5.1
VONV Vanguard Russell 1000 Value Index Fund 0.0 8 117 7.5 +6.8
IWB iShares Russell 1000 ETF 0.0 15 110 5.8 +5.1
STXG Strive 1000 Growth ETF 0.0 18 107 5.1 +4.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 114 5.9 +5.2
IWF iShares Russell 1000 Growth ETF 0.0 19 106 5.3 +4.6
VONE Vanguard Russell 1000 ETF 0.0 8 117 5.8 +5.2
VONG Vanguard Russell 1000 Growth Index Fund 0.0 8 117 5.4 +4.7
MLPA Global X MLP ETF 0.0 45 80 4.2 +3.5
AVDV Avantis International Small Cap Value ETF 0.0 36 89 7.8 +7.1

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:		 AdvisorShares Dorsey Wright Micro-Cap 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 2.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 125 bp
Equals: ALTAR Score 0.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.26 CATEGORY
AVERAGE		 1.50
 
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.