Alerian Energy Infrastructure ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 UNDERWEIGHT
2023E    2024E
P/E
ratio		 13.2x P/Sales
ratio		 0.7x
P/BV
ratio		 2.6x Div.
yield		 6.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Alerian Energy Infrastructure ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the Alerian Infrastructure Index, which is comprised of 30 equity securities of issuers headquartered or incorporated in the United States and Canada that engage in the transportation, storage, and processing of energy commodities ("midstream energy businesses").

FUND BASICS
Category US Equities
Fund Sponsor ALPS Advisors Inc
Website www.alpsetfs.com
Inception date Oct 31, 2013
Assets (mns) $131
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $28,335
Large cap (>$10bn) 68.6%
Mid cap ($2-10bn) 27.2%
Small cap (<$2bn) 4.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENBRIDGE INC 9.0 %
ENERGY TRANSFER, L.P. 8.7 %
ENTERPRISE PRODUCTS PARTNERS 8.2 %
ONEOK INC 8.1 %
CHENIERE ENERGY INC 5.8 %
WILLIAMS COS INC 5.7 %
PEMBINA PIPELINE CORP 5.2 %
TRANSCANADA CORP 5.1 %
PLAINS GP HOLDINGS LP CLASS A 5.0 %
KINDER MORGAN INC 5.0 %
Total 65.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.2 %
CANADA 25.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 8.5% 9.8% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 43%
MSCI EAFE 0.75 40%
MSCI Emg. Mkts. 0.51 20%

Technical Indicators
Recent close $23.26
30d moving avg. $22.19
Annualized volatility 20.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $1,173

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 465 potential alternatives to the Alerian Energy Infrastructure ETF ETF based on the alternatives' overlap in portfolio holdings with ENFR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ENFR Expense: 35 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ENFR
Ticker Fund
Name		 Overlap1
vs ENFR
(%)		 Expense
ratio
(bp)		 Savings
vs ENFR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ENFR
(%)
UMI USCF Midstream Energy Income Fund ETF 88.0 0 35 0.0 -4.5
USAI Pacer American Energy Independence ETF 80.7 75 -40 3.8 -0.7
EINC VanEck Energy Income ETF 66.2 48 -13 4.3 -0.2
TPYP Tortoise North American Pipeline Fund 62.1 40 -5 5.2 +0.7
MLPX Global X MLP & Energy Infrastructure ETF 60.7 45 -10 4.8 +0.3
EMLP First Trust North American Energy Infrastructure Fund 46.1 95 -60 5.6 +1.1
AMZA InfraCap MLP ETF 38.1 164 -129 2.9 -1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 30.9 47 -12 5.6 +1.1
AMLP The Alerian MLP ETF 26.3 87 -52 3.9 -0.6
MLPA Global X MLP ETF 26.3 45 -10 4.1 -0.4
IVRA Invesco Real Assets ESG ETF 25.9 59 -24 7.1 +2.6
NDIV Amplify Natural Resources Dividend Income ETF 21.1 59 -24 9.7 +5.2
GLIF AGFiQ Global Infrastructure ETF 20.1 45 -10 5.2 +0.7
IGF iShares Global Infrastructure ETF 19.9 41 -6 5.0 +0.5
GII SPDR S&P Global Infrastructure ETF 19.9 40 -5 5.1 +0.6
RSPG Invesco S&P 500 Equal Weight Energy ETF 19.0 40 -5 7.2 +2.7
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 16.8 69 -34 9.2 +4.7
ECLN First Trust EIP Carbon Impact ETF 13.8 96 -61 5.3 +0.8
WBIY WBI Power Factor High Dividend ETF 12.7 100 -65 12.5 +8.0
FXN First Trust Energy AlphaDEX Fund 12.5 61 -26 4.2 -0.3
IYE iShares U.S. Energy ETF 11.1 40 -5 6.6 +2.1
VDE Vanguard Energy Index Fund 10.6 10 25 6.8 +2.3
FENY Fidelity MSCI Energy Index ETF 10.6 8 27 6.9 +2.4
DRLL Strive U.S. Energy ETF 10.3 41 -6 6.4 +1.9
XLE Energy Select Sector SPDR Fund 10.1 10 25 7.1 +2.6
IXC iShares Global Energy ETF 9.9 44 -9 7.9 +3.4
LNGG Roundhill Alerian LNG ETF 9.7 65 -30 8.8 +4.3
FTXN First Trust Nasdaq Oil & Gas ETF 8.5 60 -25 7.1 +2.6
PXI Invesco DWA Energy Momentum ETF 8.4 60 -25 5.9 +1.4
IGE iShares North American Natural Resources ETF 8.3 41 -6 6.5 +2.0
NVIR Horizon Kinetics Energy and Remediation ETF 8.1 85 -50 0.4 -4.1
FLCA Franklin FTSE Canada ETF 8.1 9 26 7.2 +2.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.0 30 5 10.5 +6.0
DIVY Sound Equity Income ETF 7.8 45 -10 11.0 +6.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.5 47 -12 5.8 +1.3
EWC iShares MSCI Canada ETF 7.4 50 -15 6.8 +2.3
BBCA JPMorgan BetaBuilders Canada ETF 7.4 19 16 7.0 +2.5
IQRA IQ CBRE Real Assets ETF 6.8 65 -30 5.8 +1.3
SDOG ALPS Sector Dividend Dogs ETF 6.4 36 -1 10.1 +5.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.3 60 -25 7.8 +3.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.2 52 -17 8.3 +3.8
RNEW VanEck Green Infrastructure ETF 5.9 45 -10 0.0 -4.5
ICAP InfraCap Equity Income Fund ETF 5.8 171 -136 7.0 +2.5
MBOX Freedom Day Dividend ETF 5.7 39 -4 8.5 +4.0
IFRA iShares U.S. Infrastructure ETF 5.7 30 5 6.5 +2.0
TXS Texas Capital Texas Equity Index ETF 5.6 49 -14 5.6 +1.1
MDLV Morgan Dempsey Large Cap Value ETF 5.6 58 -23 9.1 +4.6
YLDE ClearBridge Dividend Strategy ESG ETF 5.5 60 -25 5.4 +0.9
ABEQ Absolute Core Strategy ETF 5.4 85 -50 4.8 +0.3
RPG Invesco S&P 500 Pure Growth ETF 5.4 35 0 7.6 +3.1
DIV Global X SuperDividend US ETF 5.4 45 -10 8.9 +4.4
AIVL WisdomTree U.S. AI Enhanced Value Fund 5.0 38 -3 7.8 +3.3
VCLN Virtus Duff & Phelps Clean Energy ETF 4.9 59 -24 3.8 -0.8
FLDZ RiverNorth Volition America Patriot ETF 4.9 75 -40 6.1 +1.6
RBLD First Trust Alerian US NextGen Infrastructure ETF 4.7 65 -30 5.3 +0.8
CSD Invesco S&P Spin-Off ETF 4.5 65 -30 7.5 +3.0
TPHD Timothy Plan High Dividend Stock ETF 4.5 52 -17 6.4 +1.9
FID First Trust S&P International Dividend Aristocrats ETF 4.2 60 -25 9.5 +5.0
SPYD SPDR S&P 500 High Dividend ETF 4.1 7 28 10.5 +6.0
HDV iShares Core High Dividend ETF 4.1 8 27 8.8 +4.3
CVY Invesco Zacks Multi-Asset Income ETF 4.0 100 -65 11.8 +7.3
PID Invesco International Dividend Achievers ETF 3.9 56 -21 7.5 +3.0
PUI Invesco DWA Utilities Momentum ETF 3.9 60 -25 6.1 +1.6
WDIV SPDR Global Dividend ETF 3.8 40 -5 9.7 +5.2
GCOW Pacer Global High Dividend ETF 3.8 60 -25 13.0 +8.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 3.5 35 0 8.9 +4.4
IMCV iShares Morningstar Mid-Cap Value ETF 3.5 6 29 8.3 +3.8
VRAI Virtus Real Asset Income ETF 3.4 55 -20 9.2 +4.7
LVHI Legg Mason International Low Volatility High Dividend ETF 3.4 40 -5 10.1 +5.6
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 3.3 49 -14 5.2 +0.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.3 85 -50 5.6 +1.1
FDL First Trust Morningstar Dividend Leaders Index Fund 3.2 45 -10 10.7 +6.2
HAP VanEck Natural Resources ETF 3.2 50 -15 8.1 +3.6
CLRG IQ Chaikin U.S. Large Cap ETF 3.2 25 10 6.5 +2.0
BGIG Bahl & Gaynor Income Growth ETF 3.2 45 -10 5.7 +1.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 3.1 60 -25 7.4 +2.9
BUL Pacer US Cash Cows Growth ETF 3.0 60 -25 10.1 +5.6
RYJ Invesco Raymond James SB-1 Equity ETF 3.0 81 -46 3.9 -0.6
QDIV Global X S&P 500 Quality Dividend ETF 2.9 20 15 9.3 +4.8
DIVZ TrueShares Low Volatility Equity Income ETF 2.9 65 -30 9.8 +5.3
PWV Invesco Dynamic Large Cap Value ETF 2.9 58 -23 9.0 +4.5
DWX SPDR S&P International Dividend ETF 2.9 45 -10 6.8 +2.3
VWID Virtus WMC International Dividend ETF 2.9 49 -14 9.2 +4.7
MAGA Point Bridge GOP Stock Tracker ETF 2.9 72 -37 6.5 +2.0
COWS Amplify Cash Flow Dividend Leaders ETF 2.7 0 35 12.3 +7.8
BFOR Barron's 400 ETF 2.7 65 -30 8.0 +3.5
SPVM Invesco S&P 500 Value with Momentum ETF 2.6 39 -4 8.9 +4.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.6 60 -25 4.7 +0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 2.6 29 6 6.0 +1.5
DIVL Madison Dividend Value ETF 2.6 65 -30 5.9 +1.4
FOVL iShares Focused Value Factor ETF 2.5 25 10 11.2 +6.7
JHDV John Hancock U.S. High Dividend ETF 2.5 34 1 6.9 +2.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.4 75 -40 4.7 +0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 2.4 59 -24 3.6 -1.0
PDP Invesco DWA Momentum ETF 2.4 62 -27 3.9 -0.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.4 70 -35 5.4 +0.9
XMLV Invesco S&P MidCap Low Volatility ETF 2.4 25 10 7.1 +2.6
SUSA iShares MSCI USA ESG Select ETF 2.4 25 10 5.5 +1.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.3 31 4 8.1 +3.6
IWP iShares Russell Mid-Cap Growth ETF 2.3 23 12 3.9 -0.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 2.3 18 17 6.3 +1.8
GVIP Goldman Sachs Hedge Industry VIP ETF 2.2 45 -10 4.1 -0.4
COWZ Pacer US Cash Cows 100 ETF 2.1 49 -14 11.4 +6.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.1 4 31 6.3 +1.8
IMCB iShares Morningstar Mid-Cap ETF 2.1 4 31 6.3 +1.8
FCG First Trust Natural Gas ETF 2.1 60 -25 9.3 +4.8
FLOW Global X U.S. Cash Flow Kings 100 ETF 2.1 25 10 12.1 +7.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.1 24 11 8.7 +4.2
DBLV AdvisorShares DoubleLine Value Equity ETF 2.0 90 -55 8.6 +4.1
DVY iShares Select Dividend ETF 2.0 38 -3 9.4 +4.9
SMRI Bushido Capital US Equity ETF 1.9 71 -36 9.0 +4.5
QVAL Alpha Architect U.S. Quantitative Value ETF 1.9 39 -4 11.6 +7.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.9 25 10 6.2 +1.7
SPLV Invesco S&P 500 Low Volatility ETF 1.9 25 10 6.0 +1.5
AUSF Global X Adaptive U.S. Factor ETF 1.9 27 8 5.9 +1.4
ALTL Pacer Lunt Large Cap Alternator ETF 1.9 60 -25 6.1 +1.6
TPLC Timothy Plan US Large Cap Core ETF 1.9 52 -17 6.1 +1.6
AMID Argent Mid Cap ETF 1.9 52 -17 8.1 +3.6
BMVP Invesco Bloomberg MVP Multi-Factor ETF 1.8 60 -25 8.8 +4.3
NTZG Nuveen Global Net Zero Transition ETF 1.8 55 -20 5.1 +0.6
BIBL Inspire ETF 1.8 35 0 5.4 +0.9
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 15 6.9 +2.4
DHS WisdomTree U.S. High Dividend Fund 1.7 38 -3 9.8 +5.3
SXQG 6 Meridian Quality Growth ETF 1.7 100 -65 4.7 +0.2
AVLV Avantis U.S. Large Cap Value ETF 1.7 15 20 8.2 +3.7
FEX First Trust Large Cap Core AlphaDEX Fund 1.6 59 -24 6.1 +1.6
VOE Vanguard Mid-Cap Value Index Fund 1.6 7 28 8.1 +3.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 1.6 50 -15 8.8 +4.3
FPAG FPA Global Equity ETF 1.5 49 -14 5.4 +0.9
ESGS Columbia Sustainable U.S. Equity Income ETF 1.5 35 0 6.7 +2.2
MOTE VanEck Morningstar ESG Moat ETF 1.5 49 -14 5.8 +1.3
JHSC John Hancock Multifactor Small Cap ETF 1.5 42 -7 6.4 +1.9
WCEO Hypatia Women CEO ETF 1.5 85 -50 6.3 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 63 -28 2.7 -1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.5 20 15 5.5 +1.0
KRUZ Unusual Whales Subversive Republican Trading ETF 1.5 75 -40 4.1 -0.4
IWR iShares Russell Midcap ETF 1.5 18 17 6.2 +1.7
NULV Nuveen ESG Large-Cap Value ETF 1.5 26 9 7.4 +2.9
VO Vanguard Mid-Cap Index Fund 1.5 4 31 6.4 +1.9
DURA VanEck Morningstar Durable Dividend ETF 1.4 29 6 7.7 +3.2
JOET Virtus Terranova US Quality Momentum ETF 1.4 29 6 6.1 +1.6
SPGP Invesco S&P 500 GARP ETF 1.4 36 -1 8.8 +4.3
USVT US Value ETF 1.4 49 -14 12.1 +7.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.4 35 0 7.9 +3.4
DON WisdomTree U.S. MidCap Dividend Fund 1.4 38 -3 9.1 +4.6
LGLV SPDR Russell 1000 Low Volatility ETF 1.4 12 23 5.6 +1.1
DEW WisdomTree Global High Dividend Fund 1.4 58 -23 9.2 +4.7
SMOT VanEck Morningstar SMID Moat ETF 1.4 49 -14 7.8 +3.3
PSET Principal Price Setters Index ETF 1.4 15 20 6.0 +1.5
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.3 60 -25 11.7 +7.2
VOT Vanguard Mid-Cap Growth Index Fund 1.3 7 28 4.7 +0.2
SYLD Cambria Shareholder Yield ETF 1.3 59 -24 11.8 +7.3
AVUV Avantis U.S. Small Cap Value ETF 1.3 25 10 10.4 +5.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 1.3 45 -10 8.8 +4.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.2 15 20 6.0 +1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.2 29 6 6.8 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 15 5.8 +1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.2 18 17 8.2 +3.7
IWS iShares Russell Mid-Cap Value ETF 1.2 23 12 7.3 +2.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 1.1 35 0 6.3 +1.8
TPHE Timothy Plan High Dividend Stock Enhanced ETF 1.1 54 -19 6.7 +2.2
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.1 60 -25 7.4 +2.9
SSPY Syntax Stratified LargeCap ETF 1.1 30 5 7.0 +2.5
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 1.1 39 -4 5.1 +0.6
JHMM John Hancock Multifactor Mid Cap ETF 1.1 42 -7 7.2 +2.7
BRNY Burney U.S. Factor Rotation ETF 1.1 79 -44 6.3 +1.8
RNLC Large Cap US Equity Select ETF 1.1 60 -25 6.6 +2.1
VYM Vanguard High Dividend Yield Index ETF 1.1 6 29 7.8 +3.3
FTWO Strive FAANG 2.0 ETF 1.0 49 -14 5.2 +0.7
FDLO Fidelity Low Volatility Factor ETF 1.0 29 6 5.4 +0.9
VBK Vanguard Small-Cap Growth Index Fund 1.0 7 28 1.3 -3.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.0 75 -40 7.5 +3.0
FSST Fidelity Sustainability U.S. Equity ETF 1.0 59 -24 5.5 +1.0
AVUS Avantis U.S. Equity ETF 1.0 15 20 6.4 +1.9
VAMO Cambria Value & Momentum ETF 1.0 61 -26 11.5 +7.0
BLES Inspire Global Hope Large Cap ETF 1.0 61 -26 6.4 +1.9
SCHD Schwab U.S. Dividend Equity ETF 1.0 6 29 8.9 +4.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.0 20 15 8.3 +3.8
SDIV Global X SuperDividend ETF 1.0 58 -23 16.3 +11.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.0 15 20 6.9 +2.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.0 15 20 6.9 +2.4
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 18 6.9 +2.4
KRMA Global X Conscious Companies ETF 1.0 43 -8 5.8 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 26 6.6 +2.1
VXF Vanguard Extended Market Index Fund 0.9 6 29 4.0 -0.5
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -40 5.2 +0.7
STXV Strive 1000 Value ETF 0.9 18 17 8.5 +4.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.9 17 18 7.5 +3.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 15 6.6 +2.1
SIZE iShares MSCI USA Size Factor ETF 0.9 15 20 6.4 +1.9
FTA First Trust Large Cap Value AlphaDEX Fund 0.9 59 -24 8.9 +4.4
SUSL iShares ESG MSCI USA Leaders ETF 0.9 10 25 5.4 +0.9
VFMV Vanguard U.S. Minimum Volatility ETF 0.9 13 22 5.9 +1.4
DIVB iShares Core Dividend 0.9 5 30 8.4 +3.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.9 10 25 5.4 +0.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 0.9 38 -3 9.4 +4.9
VFVA Vanguard U.S. Value Factor ETF 0.8 13 22 11.1 +6.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.8 20 15 7.4 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.8 22 13 9.3 +4.8
RVRB Reverb ETF 0.8 30 5 5.3 +0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.8 17 18 5.8 +1.3
RSP Invesco S&P 500 Equal Weight ETF 0.8 20 15 6.6 +2.1
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 26 6.5 +2.0
IQIN IQ 500 International ETF 0.8 25 10 7.9 +3.4
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 29 8.5 +4.0
PY Principal Shareholder Yield Index ETF 0.8 15 20 7.8 +3.3
IUS Invesco Strategic US ETF 0.8 19 16 7.7 +3.2
DUHP Dimensional US High Profitability ETF 0.8 21 14 7.6 +3.1
ILCV iShares Morningstar Value ETF 0.8 4 31 7.3 +2.8
BKIE BNY Mellon International Equity ETF 0.8 4 31 6.6 +2.1
TTAC TrimTabs US Free Cash Flow Quality ETF 0.8 59 -24 6.2 +1.7
EVUS iShares ESG Aware MSCI USA Value ETF 0.8 18 17 7.2 +2.7
RNMC Mid Cap US Equity Select ETF 0.8 60 -25 8.9 +4.4
NULC Nuveen ESG Large-Cap ETF 0.7 21 14 5.5 +1.0
GDEF Goldman Sachs Defensive Equity ETF 0.7 55 -20 5.2 +0.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 29 4.5 +0.0
CIL VictoryShares International Volatility Weighted Index ETF 0.7 45 -10 6.6 +2.1
VB Vanguard Small-Cap ETF 0.7 5 30 5.8 +1.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.7 17 18 6.0 +1.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.7 35 0 7.1 +2.6
SMDY Syntax Stratified MidCap ETF 0.7 35 0 7.5 +3.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.7 12 23 7.9 +3.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 -10 7.6 +3.1
DGT SPDR Global Dow ETF 0.7 50 -15 6.4 +1.9
SFY SoFi Select 500 ETF 0.7 0 35 5.4 +0.9
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 -4 7.1 +2.6
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 23 7.7 +3.2
SCHF Schwab International Equity ETF 0.7 6 29 6.8 +2.3
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.7 15 20 7.0 +2.5
GVLU Gotham 1000 Value ETF 0.7 50 -15 9.1 +4.6
YPS Arrow Reverse Cap 500 ETF 0.7 29 6 7.2 +2.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.6 49 -14 5.4 +0.9
ONEY SPDR Russell 1000 Yield Focus ETF 0.6 20 15 10.8 +6.3
TPIF Timothy Plan International ETF 0.6 62 -27 6.5 +2.0
JGRO JPMorgan Active Growth ETF 0.6 44 -9 3.7 -0.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 23 5.4 +0.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.6 80 -45 7.0 +2.5
MDY SPDR S&P Midcap 400 ETF Trust 0.6 23 12 7.6 +3.1
VTV Vanguard Value Index Fund 0.6 4 31 7.4 +2.9
DTD WisdomTree U.S.Total Dividend Fund 0.6 28 7 7.2 +2.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 10 8.3 +3.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.6 10 25 7.8 +3.3
IJH iShares Core S&P Mid-Cap ETF 0.6 5 30 7.8 +3.3
SPMD SPDR Portfolio Mid Cap ETF 0.6 3 32 7.8 +3.3
IWD iShares Russell 1000 Value ETF 0.6 19 16 7.1 +2.6
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 27 7.2 +2.7
FMIL Fidelity New Millennium ETF 0.6 59 -24 4.4 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 0.6 4 31 7.1 +2.6
STXK Strive Small-Cap ETF 0.6 18 17 5.7 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -32 11.2 +6.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 32 6.5 +2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.6 75 -40 6.5 +2.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.6 15 20 8.3 +3.8
JHML John Hancock Multifactor Large Cap ETF 0.6 29 6 6.0 +1.5
USMV iShares Edge MSCI Min Vol USA ETF 0.6 15 20 6.1 +1.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -35 2.4 -2.1
RPV Invesco S&P 500 Pure Value ETF 0.6 35 0 11.4 +6.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 26 5.7 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 -6 6.6 +2.1
ESGU iShares MSCI USA ESG Optimized ETF 0.5 15 20 5.4 +0.9
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 5.7 +1.2
SNPG Xtrackers S&P 500 Growth ESG ETF 0.5 15 20 5.2 +0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.5 25 10 7.2 +2.7
TOK iShares MSCI Kokusai ETF 0.5 25 10 5.4 +0.9
DFSV Dimensional US Small Cap Value ETF 0.5 31 4 9.3 +4.8
DFAS Dimensional U.S. Small Cap ETF 0.5 26 9 6.4 +1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 59 -24 8.0 +3.5
VBR Vanguard Small Cap Value Index Fund 0.5 7 28 9.1 +4.6
FQAL Fidelity Quality Factor ETF 0.5 29 6 5.8 +1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 10 7.2 +2.7
IUSG iShares Core S&P US Growth ETF 0.5 4 31 5.7 +1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 31 6.2 +1.7
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 10 6.0 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.5 28 7 6.8 +2.3
URTH iShares MSCI World ETF 0.5 24 11 5.5 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 9 26 6.0 +1.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.5 15 20 7.9 +3.4
SPYG SPDR Portfolio S&P 500 Growth ETF 0.5 4 31 5.7 +1.2
VOOG Vanguard S&P 500 Growth ETF 0.5 10 25 5.6 +1.1
IVW iShares S&P 500 Growth ETF 0.5 18 17 5.5 +1.0
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.5 58 -23 6.4 +1.9
AVDE Avantis International Equity ETF 0.5 23 12 7.7 +3.2
BTHM BlackRock Future U.S. Themes ETF 0.5 60 -25 5.0 +0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.5 30 5 4.7 +0.2
WKLY SoFi Weekly Dividend ETF 0.5 49 -14 7.7 +3.2
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 31 6.6 +2.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.5 25 10 6.2 +1.7
SHE SPDR SSGA Gender Diversity Index ETF 0.5 20 15 5.6 +1.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.5 7 28 5.6 +1.1
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -35 12.0 +7.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 15 5.3 +0.8
SCHA Schwab U.S. Small-Cap ETF 0.5 4 31 5.2 +0.7
AVIV Avantis International Large Cap Value ETF 0.5 25 10 8.5 +4.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 32 3 6.6 +2.1
STRV Strive 500 ETF 0.5 5 30 5.5 +1.0
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 15 20 4.7 +0.2
ACWI iShares MSCI ACWI ETF 0.4 32 3 5.6 +1.1
VOTE Engine No. 1 Transform 500 ETF 0.4 5 30 5.4 +0.9
SCHK Schwab 1000 Index ETF 0.4 5 30 5.5 +1.0
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 31 5.5 +1.0
VFMF Vanguard U.S. Multifactor ETF 0.4 18 17 9.1 +4.6
IYY iShares Dow Jones U.S. ETF 0.4 20 15 5.3 +0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 33 5.5 +1.0
VEA Vanguard FTSE Developed Markets ETF 0.4 5 30 6.7 +2.2
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 32 5.5 +1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 32 5.4 +0.9
DFUS Dimensional U.S. Equity ETF 0.4 9 26 5.5 +1.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 0.4 35 0 10.0 +5.5
DWAS Invesco DWA SmallCap Momentum ETF 0.4 60 -25 1.1 -3.4
DFUV Dimensional US Marketwide Value ETF 0.4 22 13 8.2 +3.7
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 5.5 +1.0
SCHX Schwab U.S. Large-Cap ETF 0.4 3 32 5.5 +1.0
DES WisdomTree U.S. SmallCap Dividend Fund 0.4 38 -3 10.0 +5.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.4 56 -21 13.9 +9.4
VONE Vanguard Russell 1000 ETF 0.4 8 27 5.5 +1.0
IWB iShares Russell 1000 ETF 0.4 15 20 5.4 +0.9
RNSC Small Cap US Equity Select ETF 0.4 60 -25 8.8 +4.3
ISCB iShares Morningstar Small-Cap ETF 0.4 4 31 5.3 +0.8
BUZZ VanEck Social Sentiment ETF 0.4 75 -40 1.9 -2.6
IWV iShares Russell 3000 ETF 0.4 20 15 5.3 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 9 26 5.6 +1.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 26 4.1 -0.4
IQSU IQ Candriam ESG US Equity ETF 0.4 9 26 5.0 +0.5
VTHR Vanguard Russell 3000 Index Fund 0.4 10 25 5.4 +0.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 20 5.1 +0.6
VTI Vanguard Total Stock Market Index Fund 0.4 3 32 5.3 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 -4 7.5 +3.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 9 26 5.3 +0.8
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 25 5.5 +1.0
EZM WisdomTree U.S. MidCap Earnings Fund 0.4 38 -3 10.5 +6.0
RWL Invesco S&P 500 Revenue ETF 0.4 39 -4 7.1 +2.6
SCHC Schwab International Small-Cap Equity ETF 0.4 11 24 6.2 +1.7
XVV iShares ESG Screened S&P 500 ETF 0.4 8 27 5.4 +0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 11 24 5.5 +1.0
MGV Vanguard Mega Cap Value ETF 0.4 7 28 7.2 +2.7
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 5 6.4 +1.9
VT Vanguard Total World Stock ETF 0.4 7 28 5.1 +0.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -36 1.1 -3.5
DSI iShares MSCI KLD 400 Social ETF 0.4 25 10 5.5 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 28 5.5 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 27 4.8 +0.3
VV Vanguard Large-Cap Index Fund 0.4 4 31 5.5 +1.0
LVHD Legg Mason Low Volatility High Dividend ETF 0.4 27 8 9.4 +4.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.4 83 -48 8.8 +4.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.4 20 15 5.4 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 26 6.3 +1.8
IXUS ishares Core MSCI Total International Stock ETF 0.4 7 28 6.8 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 10 7.3 +2.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 24 5.6 +1.1
VXUS Vanguard Total International Stock ETF 0.4 7 28 4.9 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 32 5.8 +1.3
IVV iShares Core S&P 500 ETF 0.4 3 32 5.6 +1.1
SPY SPDR S&P 500 ETF Trust 0.4 9 26 5.5 +1.0
VOO VANGUARD S&P 500 ETF 0.4 3 32 5.6 +1.1
SPLG SPDR Portfolio S&P 500 ETF 0.4 2 33 5.6 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 6 5.4 +0.9
DFLV Dimensional US Large Cap Value ETF 0.4 22 13 8.6 +4.1
PKW Invesco Buyback Achievers ETF 0.3 64 -29 8.0 +3.5
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 7 8.8 +4.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 21 5.6 +1.1
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 20 6.3 +1.8
JVAL JPMorgan U.S. Value Factor ETF 0.3 12 23 8.9 +4.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 28 6.1 +1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.3 65 -30 4.4 -0.1
PFM Invesco Dividend Achievers ETF 0.3 53 -18 5.9 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 5 6.1 +1.6
IWN iShares Russell 2000 Value ETF 0.3 24 11 6.2 +1.7
VTWV Vanguard Russell 2000 Value Index Fund 0.3 15 20 6.4 +1.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 11 8.5 +4.0
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.3 50 -15 3.2 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 0.3 8 27 6.8 +2.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.3 36 -1 6.7 +2.2
SQEW LeaderShares Equity Skew ETF 0.3 75 -40 4.9 +0.4
ROUS Hartford Multifactor US Equity ETF 0.3 19 16 6.6 +2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 23 4.9 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 31 4.5 +0.0
VONG Vanguard Russell 1000 Growth Index Fund 0.3 8 27 5.0 +0.5
IWF iShares Russell 1000 Growth ETF 0.3 19 16 4.9 +0.4
SNPV Xtrackers S&P ESG Value ETF 0.3 15 20 6.2 +1.7
IWX iShares Russell Top 200 Value ETF 0.3 20 15 7.0 +2.5
JAVA JPMorgan Active Value ETF 0.3 44 -9 6.7 +2.2
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 -14 6.4 +1.9
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.3 35 0 10.7 +6.2
ISZE iShares Edge MSCI Intl Size Factor ETF 0.3 30 5 6.5 +2.0
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 10 5.6 +1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 16 6.8 +2.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.2 25 10 7.0 +2.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 0 8.1 +3.6
SFYX Sofi Next 500 ETF 0.2 0 35 6.1 +1.6
ACVF American Conservative Values ETF 0.2 75 -40 4.8 +0.3
IDHQ Invesco S&P International Developed Quality ETF 0.2 29 6 6.5 +2.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 5.2 +0.7
IWM iShares Russell 2000 ETF 0.2 19 16 3.9 -0.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 -4 4.3 -0.2
VTWO Vanguard Russell 2000 Index Fund 0.2 10 25 4.0 -0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 0.2 47 -12 9.9 +5.4
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 -17 8.4 +3.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.2 30 5 8.4 +3.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 5.7 +1.2
FSMD Fidelity Small-Mid Factor ETF 0.2 29 6 7.9 +3.4
ARB AltShares Merger Arbitrage ETF 0.2 77 -42 -0.4 -4.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.2 32 3 6.5 +2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 20 8.8 +4.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 20 8.7 +4.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 17 8.8 +4.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -26 8.8 +4.3
HAPI Harbor Corporate Culture ETF 0.2 36 -1 5.1 +0.6
IUSV iShares Core S&P U.S. Value ETF 0.2 4 31 6.3 +1.8
VOOV Vanguard S&P 500 Value ETF 0.2 10 25 6.1 +1.6
HDUS Hartford Disciplined US Equity ETF 0.2 19 16 6.5 +2.0
IVE iShares S&P 500 Value ETF 0.2 18 17 6.0 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 31 6.1 +1.6
SMMD iShares Russell 2500 ETF 0.2 15 20 6.4 +1.9
VUG Vanguard Growth Index Fund 0.2 4 31 4.5 -0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.2 51 -16 7.0 +2.5
STXG Strive 1000 Growth ETF 0.2 18 17 4.4 -0.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 28 6.5 +2.0
TMFC Motley Fool 100 Index ETF 0.2 50 -15 4.1 -0.4
MGC Vanguard Mega Cap Index Fund 0.2 7 28 5.3 +0.8
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.2 39 -4 12.1 +7.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 -4 9.3 +4.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 17 6.6 +2.1
ILCG iShares Morningstar Growth ETF 0.1 4 31 4.3 -0.2
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -40 4.3 -0.2
APUE ActivePassive U.S. Equity ETF 0.1 33 2 5.4 +0.9
IWO iShares Russell 2000 Growth ETF 0.1 24 11 1.2 -3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 6 7.1 +2.6
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 6 5.9 +1.4
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 20 1.3 -3.2
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 31 6.8 +2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -4 6.0 +1.5
QINT American Century Quality Diversified International ETF 0.1 39 -4 7.8 +3.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.1 42 -7 5.4 +0.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.1 28 7 6.1 +1.6
GSPY Gotham Enhanced 500 ETF 0.1 50 -15 5.8 +1.3
IWL iShares Russell Top 200 ETF 0.1 15 20 5.2 +0.7
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 22 2.7 -1.8
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.1 +2.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.1 24 11 8.2 +3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 15 7.3 +2.8
DFIS Dimensional International Small Cap ETF 0.1 39 -4 6.6 +2.1
NUSC Nuveen ESG Small-Cap ETF 0.1 31 4 5.7 +1.2
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 17 6.0 +1.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -24 2.4 -2.1
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.1 23 12 8.4 +3.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 5 7.5 +3.0
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 6.1 +1.6
FDT First Trust Developed Markets ex-US Alphadex Fund 0.1 80 -45 9.6 +5.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 10 6.2 +1.7
VDNI V-Shares US Leadership Diversity ETF 0.1 29 6 5.7 +1.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 6.6 +2.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.1 42 -7 8.5 +4.0
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.1 40 -5 9.8 +5.3
PSC Principal U.S. Small Cap Index ETF 0.1 38 -3 8.6 +4.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 -4 6.3 +1.8
LRGF iShares Edge MSCI Multifactor USA ETF 0.0 8 27 6.1 +1.6
IWC iShares Micro-Cap ETF 0.0 60 -25 -5.4 -9.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -4 7.2 +2.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 29 2.0 -2.5
JQUA JPMorgan U.S. Quality Factor ETF 0.0 12 23 6.0 +1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 14 4.0 -0.5
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -4 8.7 +4.2
DIHP Dimensional International High Profitability ETF 0.0 29 6 6.7 +2.2
TEQI T. Rowe Price Equity Income ETF 0.0 54 -19 4.8 +0.3
AVDV Avantis International Small Cap Value ETF 0.0 36 -1 7.1 +2.6

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:		 Alerian Energy Infrastructure 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 11.7 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 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.