Alerian Energy Infrastructure ETF
ALTAR
Score™		 4.8% info Recommen-
dation		 UNDERWEIGHT
2022E    2023E
P/E
ratio		 12.4x P/Sales
ratio		 0.5x
P/BV
ratio		 2.1x Div.
yield		 6.6%


  • 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) $106
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 31
Wgt avg mkt cap (mns) $32,366
Large cap (>$10bn) 69.8%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENBRIDGE INC 10.1 %
ENTERPRISE PRODUCTS PARTNERS 8.3 %
TRANSCANADA CORP 7.2 %
ENERGY TRANSFER, L.P. 6.4 %
WILLIAMS COS INC 5.3 %
CHENIERE ENERGY INC 5.3 %
PEMBINA PIPELINE CORP 5.3 %
TARGA RESOURCES CORP 4.9 %
KINDER MORGAN INC 4.8 %
PLAINS GP HOLDINGS LP CLASS A 4.7 %
Total 62.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 70.1 %
CANADA 29.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.0% 7.6% 3.1% -- 2.1%

Market Correlations
versus... Beta R-squared
S&P500 1.51 53%
MSCI EAFE 1.55 56%
MSCI Emg. Mkts. 1.47 55%

Technical Indicators
Recent close $20.17
30d moving avg. $22.08
Annualized volatility 38.7%
Short interest (ETF) 4.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 59
Turnover 1.1%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $2,652

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 462 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™: 4.8%


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 85.0 85 -50 3.5 -1.3
USAI Pacer American Energy Independence ETF 82.1 75 -40 3.4 -1.3
EINC VanEck Energy Income ETF 63.7 45 -10 4.8 +0.0
TPYP Tortoise North American Pipeline Fund 58.2 40 -5 4.9 +0.2
MLPX Global X MLP & Energy Infrastructure ETF 54.7 45 -10 4.5 -0.3
EMLP First Trust North American Energy Infrastructure Fund 36.6 96 -61 5.2 +0.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 29.8 47 -12 4.9 +0.1
AMZA InfraCap MLP ETF 29.3 201 -166 3.9 -0.9
AMLP The Alerian MLP ETF 28.4 90 -55 4.3 -0.5
MLPA Global X MLP ETF 28.2 46 -11 5.1 +0.3
IVRA Invesco Real Assets ESG ETF 24.2 59 -24 5.5 +0.7
GLIF AGFiQ Global Infrastructure ETF 22.6 45 -10 4.8 +0.0
IGF iShares Global Infrastructure ETF 18.9 43 -8 4.2 -0.6
GII SPDR S&P Global Infrastructure ETF 18.8 40 -5 4.2 -0.6
RYE Invesco S&P 500 Equal Weight Energy ETF 16.6 40 -5 5.5 +0.8
JHME John Hancock Multifactor Energy ETF 15.7 40 -5 5.6 +0.8
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 14.3 69 -34 8.2 +3.4
FXN First Trust Energy AlphaDEX Fund 13.1 64 -29 9.5 +4.7
ECLN First Trust EIP Carbon Impact ETF 11.3 97 -62 3.5 -1.3
FTXN First Trust Nasdaq Oil & Gas ETF 11.1 60 -25 19.7 +14.9
BOUT Innovator IBD Breakout Opportunities ETF 10.4 84 -49 8.0 +3.2
IYE iShares U.S. Energy ETF 10.2 42 -7 5.3 +0.6
IXC iShares Global Energy ETF 10.1 43 -8 7.0 +2.3
FLCA Franklin FTSE Canada ETF 9.7 9 26 8.5 +3.8
FENY Fidelity MSCI Energy Index ETF 9.3 8 27 5.7 +1.0
VDE Vanguard Energy Index Fund 9.1 10 25 5.7 +0.9
EWC iShares MSCI Canada ETF 8.9 51 -16 7.9 +3.2
BBCA JPMorgan BetaBuilders Canada ETF 8.7 19 16 8.1 +3.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 8.6 60 -25 9.0 +4.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.1 47 -12 6.1 +1.3
ICAP InfraCap Equity Income Fund ETF 7.6 80 -45 9.4 +4.6
PXI Invesco DWA Energy Momentum ETF 7.3 60 -25 6.1 +1.4
XLE Energy Select Sector SPDR Fund 7.2 10 25 6.1 +1.3
SDEI Sound Equity Income ETF 6.8 45 -10 10.4 +5.7
IGE iShares North American Natural Resources ETF 6.7 43 -8 5.8 +1.1
CSD Invesco S&P Spin-Off ETF 6.6 65 -30 6.0 +1.2
WBIY WBI Power Factor High Dividend ETF 6.6 70 -35 11.8 +7.1
FDVV Fidelity Core Dividend ETF 6.5 29 6 7.9 +3.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 6.5 42 -7 6.8 +2.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.4 30 5 8.1 +3.3
SDOG ALPS Sector Dividend Dogs ETF 5.8 40 -5 9.9 +5.1
IFRA iShares U.S. Infrastructure ETF 5.7 30 5 6.8 +2.0
VRAI Virtus Real Asset Income ETF 5.6 55 -20 6.8 +2.0
DIVZ TrueShares Low Volatility Equity Income ETF 5.4 65 -30 8.1 +3.4
FLDZ RiverNorth Volition America Patriot ETF 5.4 70 -35 6.2 +1.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.3 52 -17 8.8 +4.0
YLDE ClearBridge Dividend Strategy ESG ETF 5.2 60 -25 6.3 +1.5
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 4.9 96 -61 4.2 -0.6
XMMO Invesco S&P MidCap Momentum ETF 4.8 33 2 8.8 +4.0
FIDI Fidelity International High Dividend ETF 4.7 39 -4 9.9 +5.1
ABEQ Absolute Core Strategy ETF 4.7 85 -50 4.9 +0.2
DIV Global X SuperDividend US ETF 4.6 45 -10 6.4 +1.6
IVDG Invesco Focused Discovery Growth ETF 4.3 59 -24 5.0 +0.2
CVY Invesco Zacks Multi-Asset Income ETF 4.2 100 -65 10.7 +6.0
PID Invesco International Dividend Achievers ETF 4.2 56 -21 8.2 +3.5
MBOX Freedom Day Dividend ETF 4.1 39 -4 8.6 +3.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.0 45 -10 9.9 +5.1
SPDV AAM S&P 500 High Dividend Value ETF 4.0 29 6 10.1 +5.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.0 35 0 10.4 +5.6
UVDV UVA Dividend Value ETF 4.0 80 -45 7.3 +2.5
PWV Invesco Dynamic Large Cap Value ETF 4.0 58 -23 8.1 +3.3
SPYD SPDR S&P 500 High Dividend ETF 3.9 7 28 8.8 +4.1
AIVL WisdomTree U.S. AI Enhanced Value Fund 3.9 38 -3 7.2 +2.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 3.8 49 -14 5.7 +1.0
FCG First Trust Natural Gas ETF 3.7 60 -25 11.7 +7.0
AVDR AVDR US LargeCap Leading ETF 3.7 60 -25 6.5 +1.8
ONEY SPDR Russell 1000 Yield Focus ETF 3.5 20 15 9.4 +4.6
GRES IQ Global Resources ETF 3.5 30 5 8.3 +3.5
FMIL Fidelity New Millennium ETF 3.4 59 -24 7.3 +2.5
GBDV Global Beta Smart Income ETF 3.3 29 6 9.6 +4.9
PUI Invesco DWA Utilities Momentum ETF 3.1 60 -25 5.5 +0.7
USVT US Value ETF 3.1 49 -14 12.5 +7.8
WDIV SPDR Global Dividend ETF 3.0 40 -5 9.7 +5.0
PDP Invesco DWA Momentum ETF 2.9 62 -27 5.7 +1.0
HDV iShares Core High Dividend ETF 2.9 8 27 8.0 +3.2
FTC First Trust Large Cap Growth AlphaDEX Fund 2.9 60 -25 5.8 +1.0
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.8 52 -17 6.4 +1.7
TPHD Timothy Plan High Dividend Stock ETF 2.8 52 -17 6.7 +2.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 2.7 35 0 8.3 +3.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 2.7 35 0 8.2 +3.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -50 5.5 +0.7
WTV WisdomTree US Value Fund 2.6 12 23 9.9 +5.2
NVQ QRAFT AI-Enhanced US Next Value ETF 2.6 75 -40 12.1 +7.3
HVAL ALPS Hillman Active Value ETF 2.6 55 -20 7.9 +3.1
IDMO Invesco S&P International Developed Momentum ETF 2.5 25 10 9.4 +4.6
PY Principal Shareholder Yield Index ETF 2.5 15 20 11.5 +6.8
JDIV JPMorgan U.S. Dividend ETF 2.5 12 23 8.6 +3.8
FDL First Trust Morningstar Dividend Leaders Index Fund 2.5 45 -10 9.3 +4.5
DURA VanEck Morningstar Durable Dividend ETF 2.4 29 6 7.7 +3.0
DWX SPDR S&P International Dividend ETF 2.4 45 -10 8.7 +3.9
IMCV iShares Morningstar Mid-Cap Value ETF 2.4 6 29 8.0 +3.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 2.4 75 -40 7.4 +2.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.3 39 -4 11.3 +6.6
RYJ Invesco Raymond James SB-1 Equity ETF 2.3 75 -40 3.4 -1.3
FSST Fidelity Sustainability U.S. Equity ETF 2.2 59 -24 6.3 +1.5
DEW WisdomTree Global High Dividend Fund 2.2 58 -23 8.9 +4.2
SAMT Strategas Macro Thematic Opportunities ETF 2.2 65 -30 3.7 -1.1
BUL Pacer US Cash Cows Growth ETF 2.2 60 -25 9.7 +4.9
FID First Trust S&P International Dividend Aristocrats ETF 2.2 60 -25 9.5 +4.8
VFMV Vanguard U.S. Minimum Volatility ETF 2.2 13 22 6.2 +1.5
ISDX Invesco RAFI Strategic Developed ex-US ETF 2.1 23 12 8.8 +4.1
IJK iShares S&P Mid-Cap 400 Growth ETF 2.1 17 18 7.4 +2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 2.1 15 20 7.4 +2.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 2.1 15 20 7.5 +2.7
SUBS Fount Subscription Economy ETF 2.1 70 -35 5.2 +0.4
DON WisdomTree U.S. MidCap Dividend Fund 2.1 38 -3 9.2 +4.5
NUMV Nuveen ESG Mid-Cap Value ETF 2.0 30 5 8.6 +3.8
STLV iShares Factors US Value Style ETF 2.0 25 10 9.7 +4.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 2.0 75 -40 7.6 +2.9
EQRR ProShares Equities for Rising Rates ETF 2.0 35 0 8.1 +3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 -10 4.8 +0.0
MOTE VanEck Morningstar ESG Moat ETF 2.0 49 -14 6.4 +1.7
DHS WisdomTree U.S. High Dividend Fund 2.0 38 -3 8.3 +3.6
MOAT VanEck Morningstar Wide Moat ETF 1.9 47 -12 7.0 +2.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.9 20 15 7.5 +2.7
IMCB iShares Morningstar Mid-Cap ETF 1.9 4 31 6.6 +1.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.9 4 31 6.7 +1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.9 63 -28 5.1 +0.4
MAGA Point Bridge GOP Stock Tracker ETF 1.8 72 -37 6.2 +1.5
DVY iShares Select Dividend ETF 1.7 39 -4 9.2 +4.4
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 15 6.9 +2.1
JMIN JPMorgan U.S. Minimum Volatility ETF 1.7 12 23 6.3 +1.5
CZA Invesco Zacks Mid-Cap ETF 1.7 69 -34 6.7 +2.0
VFMO Vanguard U.S. Momentum Factor ETF 1.7 13 22 6.0 +1.3
FEX First Trust Large Cap Core AlphaDEX Fund 1.7 59 -24 8.4 +3.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.7 29 6 9.0 +4.2
BFOR Barron's 400 ETF 1.6 70 -35 9.7 +4.9
NULC Nuveen ESG Large-Cap ETF 1.6 20 15 6.6 +1.8
FPX First Trust US IPO Index Fund 1.6 57 -22 2.8 -2.0
FPAG FPA Global Equity ETF 1.6 49 -14 7.1 +2.3
IDLV Invesco S&P International Developed Low Volatility ETF 1.6 25 10 6.7 +1.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.5 60 -25 5.1 +0.3
SUSA iShares MSCI USA ESG Select ETF 1.5 25 10 6.3 +1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.5 65 -30 7.4 +2.6
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.5 64 -29 8.2 +3.4
FDRR Fidelity Dividend ETF for Rising Rates 1.4 29 6 8.3 +3.5
VYMI Vanguard International High Dividend Yield ETF 1.4 27 8 11.3 +6.6
AVUV Avantis U.S. Small Cap Value ETF 1.4 25 10 10.4 +5.6
SFYX Sofi Next 500 ETF 1.4 0 35 6.3 +1.5
VOE Vanguard Mid-Cap Value Index Fund 1.4 7 28 7.7 +3.0
FDLO Fidelity Low Volatility Factor ETF 1.4 29 6 5.8 +1.0
KGHG KraneShares Global Carbon Transformation ETF 1.4 89 -54 7.1 +2.3
XOP SPDR S&P Oil & Gas Exploration & Production ETF 1.4 35 0 6.3 +1.5
LOPX Direxion Low Priced Stock ETF 1.4 50 -15 -18.3 -23.1
IWS iShares Russell Mid-Cap Value ETF 1.3 23 12 7.5 +2.7
HAP VanEck Natural Resources ETF 1.3 49 -14 7.6 +2.9
FLLV Franklin Liberty U.S. Low Volatility ETF 1.3 29 6 6.3 +1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 1.3 30 5 6.0 +1.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.3 15 20 8.6 +3.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.3 24 11 8.4 +3.7
SLT Pacer Salt High truBeta US Market ETF 1.3 60 -25 0.0 -4.8
RDMX SPDR Bloomberg SASB Developed Markets EX US ESG Select ETF 1.3 12 23 8.0 +3.3
MDY SPDR S&P Midcap 400 ETF Trust 1.3 23 12 8.0 +3.3
AUSF Global X Adaptive U.S. Factor ETF 1.3 27 8 6.3 +1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 1.3 30 5 7.8 +3.0
VO Vanguard Mid-Cap Index Fund 1.3 4 31 6.2 +1.4
IJH iShares Core S&P Mid-Cap ETF 1.3 5 30 8.2 +3.5
IVOO Vanguard S&P Mid-Cap 400 ETF 1.3 10 25 8.2 +3.4
NULV Nuveen ESG Large-Cap Value ETF 1.3 25 10 8.0 +3.2
SPMD SPDR Portfolio Mid Cap ETF 1.3 5 30 8.2 +3.5
IWR iShares Russell Midcap ETF 1.3 19 16 6.5 +1.8
RNDV US Equity Dividend Select ETF 1.2 50 -15 9.0 +4.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.2 70 -35 5.0 +0.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.2 15 20 8.9 +4.1
IMCG iShares Morningstar Mid-Cap Growth ETF 1.2 6 29 4.9 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.2 18 17 8.2 +3.5
XJH iShares ESG Screened S&P Mid-Cap ETF 1.2 12 23 8.4 +3.6
MTUM iShares MSCI USA Momentum Factor ETF 1.2 15 20 5.9 +1.1
RWK Invesco S&P MidCap 400 Revenue ETF 1.2 39 -4 10.3 +5.6
TPIF Timothy Plan International ETF 1.2 62 -27 7.6 +2.8
DWAS Invesco DWA SmallCap Momentum ETF 1.2 60 -25 5.4 +0.7
FLRG Fidelity U.S. Multifactor ETF 1.2 29 6 8.3 +3.6
FTHI First Trust High Income ETF 1.2 85 -50 4.3 -0.4
VOT Vanguard Mid-Cap Growth Index Fund 1.1 7 28 4.5 -0.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.1 75 -40 3.3 -1.5
TPLC Timothy Plan US Large Cap Core ETF 1.1 52 -17 6.4 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.1 45 -10 9.1 +4.3
ONEO SPDR Russell 1000 Momentum Focus ETF 1.1 20 15 8.8 +4.1
SDIV Global X SuperDividend ETF 1.1 59 -24 34.1 +29.3
ESGS Columbia Sustainable U.S. Equity Income ETF 1.1 35 0 9.7 +5.0
IWP iShares Russell Mid-Cap Growth ETF 1.1 23 12 4.7 -0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 15 6.7 +1.9
RNDM First Trust Developed International Equity Select ETF 1.1 65 -30 7.2 +2.5
IUSA Amberwave Invest USA JSG Fund 1.0 67 -32 6.8 +2.0
CLRG IQ Chaikin U.S. Large Cap ETF 1.0 25 10 6.6 +1.9
SPVM Invesco S&P 500 Value with Momentum ETF 1.0 39 -4 9.6 +4.9
BKIE BNY Mellon International Equity ETF 1.0 4 31 7.8 +3.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.0 24 11 8.9 +4.1
DEF Invesco Defensive Equity ETF 1.0 53 -18 6.4 +1.6
SSPY Syntax Stratified LargeCap ETF 1.0 30 5 7.0 +2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.0 40 -5 7.9 +3.1
CIL VictoryShares International Volatility Weighted Index ETF 1.0 45 -10 7.8 +3.0
JVAL JPMorgan U.S. Value Factor ETF 1.0 12 23 9.6 +4.9
FQAL Fidelity Quality Factor ETF 1.0 29 6 7.3 +2.6
JHMM John Hancock Multifactor Mid Cap ETF 1.0 41 -6 7.4 +2.6
DFSV Dimensional US Small Cap Value ETF 1.0 31 4 9.3 +4.5
VXF Vanguard Extended Market Index Fund 1.0 6 29 2.7 -2.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 1.0 37 -2 8.6 +3.8
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.0 70 -35 5.8 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 26 6.8 +2.0
LGLV SPDR Russell 1000 Low Volatility ETF 0.9 12 23 5.7 +1.0
DGT SPDR Global Dow ETF 0.9 50 -15 8.5 +3.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 28 6.1 +1.3
RNMC Mid Cap US Equity Select ETF 0.9 60 -25 8.4 +3.7
VBR Vanguard Small Cap Value Index Fund 0.9 7 28 9.1 +4.3
DTD WisdomTree U.S.Total Dividend Fund 0.9 28 7 7.5 +2.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.9 29 6 8.5 +3.7
IDEV iShares Core MSCI International Developed Markets ETF 0.9 5 30 7.7 +3.0
SCHF Schwab International Equity ETF 0.9 6 29 8.1 +3.4
VFMF Vanguard U.S. Multifactor ETF 0.9 19 16 10.3 +5.6
SPVU Invesco S&P 500 Enhanced Value ETF 0.9 13 22 11.2 +6.4
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 6 6.9 +2.2
SCHD Schwab U.S. Dividend Equity ETF 0.9 6 29 9.3 +4.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.8 28 7 7.2 +2.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.8 12 23 6.4 +1.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 0.8 25 10 6.0 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.8 5 30 7.9 +3.1
PSC Principal U.S. Small Cap Index ETF 0.8 38 -3 8.0 +3.2
SUSL iShares ESG MSCI USA Leaders ETF 0.8 10 25 6.4 +1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.8 10 25 6.4 +1.7
FDT First Trust Developed Markets ex-US Alphadex Fund 0.8 80 -45 11.3 +6.5
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 -4 13.4 +8.6
JEPI JPMorgan Equity Premium Income ETF 0.8 35 0 5.7 +1.0
IUS Invesco Strategic US ETF 0.8 19 16 7.5 +2.8
RFFC RiverFront Dynamic US Flex-Cap ETF 0.8 52 -17 6.1 +1.3
QUAL iShares MSCI Usa Quality Factor ETF 0.8 15 20 6.7 +2.0
SFY SoFi Select 500 ETF 0.8 0 35 6.4 +1.6
VSDA VictoryShares Dividend Accelerator ETF 0.8 35 0 7.0 +2.2
RNLC Large Cap US Equity Select ETF 0.8 60 -25 7.5 +2.7
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 -15 8.7 +3.9
PXUS Principal International Adaptive Multi-Factor ETF 0.8 24 11 7.8 +3.0
VYM Vanguard High Dividend Yield Index ETF 0.8 6 29 8.2 +3.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -40 7.8 +3.0
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.8 18 17 6.3 +1.6
RPV Invesco S&P 500 Pure Value ETF 0.8 35 0 10.2 +5.4
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 26 6.6 +1.8
SIZE iShares MSCI USA Size Factor ETF 0.8 15 20 6.8 +2.1
BLES Inspire Global Hope Large Cap ETF 0.8 52 -17 6.4 +1.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 10 9.5 +4.7
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 23 8.6 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 4 31 7.6 +2.9
NUDV Nuveen ESG Dividend ETF 0.7 25 10 7.9 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 -4 7.9 +3.2
FDM First Trust Dow Jones Select Microcap Index Fund 0.7 60 -25 8.6 +3.8
PDEV Principal International Multi-Factor Core Index ETF 0.7 25 10 0.0 -4.8
AVUS Avantis U.S. Equity ETF 0.7 15 20 7.5 +2.7
KLCD KFA Large Cap Quality Dividend Index ETF 0.7 42 -7 6.7 +1.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.7 14 21 6.4 +1.7
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.7 15 20 8.3 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 32 3 8.0 +3.2
AVLV Avantis U.S. Large Cap Value ETF 0.7 15 20 9.4 +4.7
SMDY Syntax Stratified MidCap ETF 0.7 35 0 7.3 +2.5
SPMO Invesco S&P 500 Momentum ETF 0.7 13 22 6.3 +1.5
LGBT LGBTQ + ESG100 ETF 0.7 75 -40 0.0 -4.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 -6 7.5 +2.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 0.7 35 0 7.5 +2.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.7 35 0 7.0 +2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.7 35 0 7.0 +2.3
GBLO Global Beta Low Beta ETF 0.7 29 6 8.0 +3.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.7 17 18 8.2 +3.4
IQIN IQ 500 International ETF 0.7 25 10 9.4 +4.6
ISCV iShares Morningstar Small Cap Value ETF 0.7 6 29 8.8 +4.1
TOK iShares MSCI Kokusai ETF 0.6 25 10 6.5 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 27 8.1 +3.3
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 27 7.7 +2.9
IWD iShares Russell 1000 Value ETF 0.6 19 16 7.6 +2.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 26 6.6 +1.9
VAMO Cambria Value & Momentum ETF 0.6 64 -29 10.8 +6.0
IXUS ishares Core MSCI Total International Stock ETF 0.6 9 26 8.0 +3.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.6 25 10 7.9 +3.1
VXUS Vanguard Total International Stock ETF 0.6 8 27 8.0 +3.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.6 49 -14 6.4 +1.6
NUSC Nuveen ESG Small-Cap ETF 0.6 30 5 6.2 +1.5
URTH iShares MSCI World ETF 0.6 24 11 6.5 +1.7
RSP Invesco S&P 500 Equal Weight ETF 0.6 20 15 6.9 +2.1
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 -7 7.1 +2.3
VTV Vanguard Value Index Fund 0.6 4 31 7.9 +3.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.6 25 10 7.8 +3.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 -25 8.5 +3.8
CGUS Capital Group Core Equity ETF 0.6 33 2 6.5 +1.8
DFAU Dimensional US Core Equity Market ETF 0.6 12 23 6.7 +1.9
JHML John Hancock Multifactor Large Cap ETF 0.6 29 6 6.8 +2.0
VB Vanguard Small-Cap ETF 0.6 5 30 6.6 +1.8
AIEQ AI Powered Equity ETF 0.6 80 -45 6.5 +1.7
AVDG AVDR US LargeCap ESG ETF 0.6 60 -25 6.1 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.6 9 26 6.8 +2.1
SCHV Schwab U.S. Large-Cap Value ETF 0.6 4 31 7.7 +3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 10 8.4 +3.6
RNSC Small Cap US Equity Select ETF 0.5 60 -25 9.3 +4.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 23 6.0 +1.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 15 20 8.9 +4.2
VFVA Vanguard U.S. Value Factor ETF 0.5 14 21 13.0 +8.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 17 8.9 +4.1
OALC OneAscent Large Cap Core ETF 0.5 76 -41 6.6 +1.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 19 16 7.3 +2.5
ACWI iShares MSCI ACWI ETF 0.5 32 3 6.7 +1.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.5 17 18 5.9 +1.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 20 8.9 +4.2
ILCV iShares Morningstar Value ETF 0.5 4 31 7.7 +3.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.5 25 10 6.9 +2.2
JQUA JPMorgan U.S. Quality Factor ETF 0.5 12 23 7.0 +2.3
DIVB iShares U.S. Dividend & Buyback ETF 0.5 25 10 8.0 +3.2
DSI iShares MSCI KLD 400 Social ETF 0.5 25 10 6.4 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 0.5 15 20 6.3 +1.6
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 -30 10.5 +5.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.5 47 -12 12.0 +7.3
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 5 7.8 +3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 -4 8.6 +3.9
QDF FlexShares Quality Dividend Index Fund 0.5 37 -2 7.8 +3.1
IUSV iShares Core S&P U.S. Value ETF 0.5 4 31 7.4 +2.6
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 31 7.1 +2.3
EZM WisdomTree U.S. MidCap Earnings Fund 0.5 38 -3 11.0 +6.2
VOOV Vanguard S&P 500 Value ETF 0.5 10 25 7.2 +2.5
IVE iShares S&P 500 Value ETF 0.5 18 17 7.2 +2.4
SPYV SPDR Portfolio S&P 500 Value ETF 0.5 4 31 7.3 +2.5
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 60 -25 10.8 +6.0
AVDE Avantis International Equity ETF 0.5 23 12 8.9 +4.1
FVD First Trust Value Line Dividend Index Fund 0.5 70 -35 6.2 +1.5
VT Vanguard Total World Stock ETF 0.5 8 27 6.8 +2.1
USMV iShares Edge MSCI Min Vol USA ETF 0.5 15 20 6.0 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 15 6.3 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 0.5 30 5 7.3 +2.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.5 6 29 6.1 +1.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 31 6.3 +1.5
AESR Anfield U.S. Equity Sector Rotation ETF 0.4 146 -111 5.0 +0.3
PFM Invesco Dividend Achievers ETF 0.4 53 -18 6.6 +1.8
KRMA Global X Conscious Companies ETF 0.4 43 -8 6.7 +2.0
SIXL 6 Meridian Low Beta Equity Strategy ETF 0.4 88 -53 6.1 +1.3
IWB iShares Russell 1000 ETF 0.4 15 20 6.3 +1.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.4 34 1 5.7 +0.9
SCHC Schwab International Small-Cap Equity ETF 0.4 11 24 6.3 +1.5
VONE Vanguard Russell 1000 ETF 0.4 8 27 6.4 +1.7
DFUS Dimensional U.S. Equity ETF 0.4 11 24 6.5 +1.7
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 31 6.4 +1.6
IWC iShares Micro-Cap ETF 0.4 60 -25 -13.7 -18.5
IYY iShares Dow Jones U.S. ETF 0.4 20 15 6.2 +1.4
EFIV SPDR S&P 500 ESG ETF 0.4 10 25 6.6 +1.8
VTI Vanguard Total Stock Market Index Fund 0.4 3 32 5.9 +1.1
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 25 6.6 +1.9
SCHX Schwab U.S. Large-Cap ETF 0.4 3 32 6.4 +1.6
IWV iShares Russell 3000 ETF 0.4 20 15 6.1 +1.3
ISCB iShares Morningstar Small-Cap ETF 0.4 4 31 5.5 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.4 30 5 7.4 +2.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 27 8 6.6 +1.8
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 6.3 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 32 6.2 +1.4
VTHR Vanguard Russell 3000 Index Fund 0.4 10 25 6.1 +1.3
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 32 6.4 +1.6
MGV Vanguard Mega Cap Value ETF 0.4 7 28 7.9 +3.1
SCHK Schwab 1000 Index ETF 0.4 5 30 6.4 +1.6
IQSU IQ Candriam ESG US Equity ETF 0.4 9 26 6.4 +1.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 15 20 6.3 +1.5
YPS Arrow Reverse Cap 500 ETF 0.4 29 6 6.8 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 30 5 7.7 +3.0
EPS WisdomTree U.S. Earnings 500 Fund 0.4 8 27 8.0 +3.2
VOTE Engine No. 1 Transform 500 ETF 0.4 5 30 6.3 +1.6
VV Vanguard Large-Cap Index Fund 0.4 4 31 6.3 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 28 6.3 +1.6
FSMD Fidelity Small-Mid Factor ETF 0.4 29 6 9.2 +4.4
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.4 15 20 6.3 +1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 33 6.4 +1.6
SCHA Schwab U.S. Small-Cap ETF 0.4 4 31 5.9 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -45 11.8 +7.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 27 8 6.2 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 27 8 6.1 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 0.3 3 32 6.6 +1.9
XVV iShares ESG Screened S&P 500 ETF 0.3 8 27 6.5 +1.7
SMMD iShares Russell 2500 ETF 0.3 15 20 7.0 +2.2
RFV Invesco S&P Midcap 400 Pure Value ETF 0.3 35 0 11.6 +6.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 10 7.0 +2.2
RWL Invesco S&P 500 Revenue ETF 0.3 39 -4 7.5 +2.7
XYLG Global X S&P 500 Covered Call & Growth ETF 0.3 60 -25 5.8 +1.0
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 24 6.8 +2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 15 6.4 +1.6
XVOL Acruence Active Hedge U.S. Equity ETF 0.3 83 -48 5.7 +1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 11 24 6.7 +1.9
XYLD Global X S&P 500 Covered Call ETF 0.3 60 -25 5.6 +0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.3 20 15 5.0 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 6 6.2 +1.4
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 15 6.2 +1.4
IVV iShares Core S&P 500 ETF 0.3 3 32 6.5 +1.7
PBP Invesco S&P 500 BuyWrite ETF 0.3 49 -14 5.7 +0.9
SPLG SPDR Portfolio S&P 500 ETF 0.3 3 32 6.5 +1.8
VOO VANGUARD S&P 500 ETF 0.3 3 32 6.5 +1.7
SPY SPDR S&P 500 ETF Trust 0.3 9 26 6.4 +1.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.3 35 0 7.9 +3.1
IQDE FlexShares International Quality Dividend Defensive Index ET 0.3 47 -12 10.6 +5.9
XRMI Global X S&P 500 Risk Managed Income ETF 0.3 60 -25 5.6 +0.9
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 10 5.6 +0.8
FDMO Fidelity Momentum Factor ETF 0.3 29 6 4.9 +0.1
DFAI Dimensional International Core Equity Market ETF 0.3 18 17 7.3 +2.6
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 20 6.8 +2.1
XCLR Global X S&P 500 Collar 95-110 ETF 0.3 60 -25 5.4 +0.7
XTR Global X S&P 500 Tail Risk ETF 0.3 60 -25 5.7 +1.0
IWX iShares Russell Top 200 Value ETF 0.3 20 15 7.6 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 6.6 +1.8
DFUV Dimensional US Marketwide Value ETF 0.3 0 35 0.0 -4.8
DFAT Dimensional U.S. Targeted Value ETF 0.3 34 1 9.3 +4.5
ACVF American Conservative Values ETF 0.3 75 -40 5.6 +0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 70 -35 11.1 +6.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 52 -17 5.9 +1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.3 45 -10 7.8 +3.1
ILCG iShares Morningstar Growth ETF 0.3 4 31 4.9 +0.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -36 3.6 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -4 8.3 +3.5
IWN iShares Russell 2000 Value ETF 0.2 24 11 6.0 +1.2
DFAS Dimensional U.S. Small Cap ETF 0.2 34 1 7.2 +2.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.2 45 -10 7.4 +2.6
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 20 2.8 -2.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.2 25 10 6.6 +1.8
TMFC Motley Fool 100 Index ETF 0.2 50 -15 5.0 +0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.2 24 11 8.6 +3.9
AVIV Avantis International Large Cap Value ETF 0.2 25 10 10.9 +6.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 31 5.0 +0.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 -4 7.9 +3.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 1 10.1 +5.4
IWM iShares Russell 2000 ETF 0.2 19 16 3.8 -1.0
MGC Vanguard Mega Cap Index Fund 0.2 7 28 6.3 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.2 32 3 6.6 +1.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 -7 6.5 +1.8
VTWO Vanguard Russell 2000 Index Fund 0.2 10 25 1.7 -3.1
IUSG iShares Core S&P US Growth ETF 0.2 4 31 6.2 +1.4
CSML IQ Chaikin U.S. Small Cap ETF 0.2 35 0 6.1 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 5 6.7 +2.0
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 27 6.0 +1.2
VUG Vanguard Growth Index Fund 0.2 4 31 5.3 +0.5
IWF iShares Russell 1000 Growth ETF 0.2 19 16 5.9 +1.1
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 -14 8.0 +3.2
DFIS Dimensional International Small Cap ETF 0.2 39 -4 6.0 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -4 6.6 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 -4 4.7 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.2 60 -25 5.8 +1.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 20 6.5 +1.7
IWO iShares Russell 2000 Growth ETF 0.1 24 11 1.1 -3.7
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 20 0.8 -4.0
IWL iShares Russell Top 200 ETF 0.1 15 20 6.3 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 31 4 9.1 +4.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 26 5.4 +0.6
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 20 15 9.0 +4.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 29 1.6 -3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 15 7.4 +2.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.1 30 5 7.8 +3.0
RYLD Global X Russell 2000 Covered Call ETF 0.1 60 -25 1.1 -3.7
GSPY Gotham Enhanced 500 ETF 0.1 50 -15 6.8 +2.0
EES WisdomTree SmallCap Earnings Fund 0.1 38 -3 11.0 +6.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -24 2.9 -1.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 15 7.7 +2.9
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.4 +2.6
QINT American Century Quality Diversified International ETF 0.1 39 -4 9.8 +5.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.1 28 7 7.4 +2.6
VOOG Vanguard S&P 500 Growth ETF 0.1 10 25 6.1 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 31 6.1 +1.4
IVW iShares S&P 500 Growth ETF 0.1 18 17 6.0 +1.2
FILL iShares MSCI Global Energy Producers ETF 0.1 39 -4 7.9 +3.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 63 -28 9.4 +4.6
ROSC Hartford Multifactor Small Cap ETF 0.0 34 1 11.1 +6.3
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.0 17 18 6.7 +1.9
ESG FlexShares STOXX US ESG Impact Index Fund 0.0 32 3 6.4 +1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 14 4.3 -0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 0.0 13 22 2.0 -2.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 7.2 +2.5
DIHP Dimensional International High Profitability ETF 0.0 29 6 7.8 +3.1

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
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 10.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.8 %
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.