ETF Research Center

Fidelity MSCI Telecommunication Services Index ETF

ALTAR
Score™

6.9%

Recommen-
dation

NEUTRAL

2022E 2023E
P/E ratio	17.0x	P/Sales ratio	1.8x
P/BV ratio	2.2x	Div. yield	1.1%

Description
Performance
Comps
Fundamentals
Valuation
Rating

FCOM seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Communication Services 25/50 Index.

FUND BASICS
Category	US Equities
Fund Sponsor	FMR LLC
Website	www.fidelity.com
Inception date	Oct 21, 2013
Assets (mns)	$517
Currency	USD
Expense ratio	8 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	State Street Bank & Trust Co
Weighting	Market Cap
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	111
Wgt avg mkt cap (mns)	$397,721
Large cap (>$10bn)	84.4%
Mid cap ($2-10bn)	10.4%
Small cap (<$2bn)	4.7%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	65.0 %
ALPHABET INC. CLASS A	11.3 %
META PLATFORMS INC	11.1 %
ALPHABET INC. CLASS C	9.9 %
WALT DISNEY CO/THE	6.7 %
VERIZON COMMUNICATIONS INC	5.9 %
NETFLIX INC	5.0 %
COMCAST CORP-CL A	4.8 %
AT&T INC	4.3 %
T-MOBILE US, INC.	3.6 %
ACTIVISION BLIZZARD INC	2.4 %

TOP COUNTRY EXPOSURE
	UNITED STATES	98.2 %
	BRITAIN	1.2 %
	CANADA	0.1 %
	ISRAEL	0.1 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-38.9%	-39.1%	1.4%	--	4.6%

Market Correlations
versus...	Beta	R-squared
S&P500	1.02	84%
MSCI EAFE	0.97	72%
MSCI Emg. Mkts.	0.84	60%

Technical Indicators
Recent close	$35.50
30d moving avg.	$32.47
Annualized volatility	23.7%
Short interest (ETF)	0.3%
Short interest (Underlying)	3.2%
Relative strength (RSI)	64

Liquidity measures
Avg. volume (thou.)	118
Turnover	0.8%
Bid/Ask (% of price)	0.06%
ADV underlying (mns)	$15,902

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 717 potential alternatives to the Fidelity MSCI Telecommunication Services Index ETF ETF based on the alternatives' overlap in portfolio holdings with FCOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

FCOM

Expense:

8 bp

ALTAR Score™:

6.9%

ALTERNATIVE ETFs BASED ON OVERLAP WITH FCOM
Ticker	Fund Name	Overlap¹ vs FCOM (%)	Expense ratio (bp)	Savings vs FCOM (bp)	ALTAR Score™ (%)	ALTAR vs FCOM (%)
VOX	Vanguard Telecommunication Services Index Fund	98.2	10	-2	6.9	+0.0
XLC	Communication Services Select Sector SPDR Fund	75.9	10	-2	8.9	+2.0
IXP	iShares Global Comm Services ETF	63.9	40	-32	8.7	+1.8
EWCO	Invesco S&P 500 Equal Weight Communication Services ETF	51.8	40	-32	9.4	+2.6
PNQI	Invesco NASDAQ Internet ETF	28.9	60	-52	3.2	-3.6
PBS	Invesco Dynamic Media ETF	25.5	63	-55	23.4	+16.5
IYZ	iShares U.S. Telecommunications ETF	23.7	39	-31	10.0	+3.1
FDN	First Trust Dow Jones Internet Index Fund	23.4	51	-43	3.2	-3.6
SUBS	Fount Subscription Economy ETF	22.7	70	-62	5.2	-1.6
FPAG	FPA Global Equity ETF	19.2	49	-41	6.4	-0.4
EQOP	Natixis U.S. Equity Opportunities ETF	18.2	85	-77	6.0	-0.8
BNGE	First Trust S-Network Streaming and Gaming ETF	17.3	70	-62	0.7	-6.2
MILN	Global X Millennial Consumer ETF	16.9	50	-42	2.9	-3.9
QQQ	Invesco QQQ Trust	16.8	20	-12	6.1	-0.8
QQQM	Invesco NASDAQ 100 ETF	16.8	15	-7	6.5	-0.3
GBUY	Goldman Sachs Future Consumer Equity ETF	16.6	75	-67	3.1	-3.8
SOCL	Global X Social Media ETF	16.5	65	-57	0.3	-6.6
GRZZ	Grizzle Growth ETF	16.4	75	-67	7.8	+1.0
KNGS	UPHOLDINGS Compound Kings ETF	15.7	60	-52	5.0	-1.9
PLAT	WisdomTree Modern Tech Platforms Fund	15.7	20	-12	-0.1	-7.0
HVAL	ALPS Hillman Active Value ETF	15.5	55	-47	7.7	+0.8
OGIG	O'Shares Global Internet Giants ETF	15.4	48	-40	0.4	-6.5
FMET	Fidelity Metaverse ETF	15.3	39	-31	5.7	-1.2
VERS	ProShares Metaverse ETF	15.3	58	-50	-4.1	-11.0
IGM	iShares Expanded Tech Sector ETF	15.1	40	-32	5.8	-1.0
TMFE	Motley Fool Capital Efficiency 100 Index ETF	14.8	50	-42	6.5	-0.4
MTVR	Fount Metaverse ETF	14.7	70	-62	6.7	-0.2
TIME	Clockwise Capital Innovation ETF	14.7	95	-87	3.7	-3.2
IYW	iShares U.S. Technology ETF	14.7	39	-31	6.3	-0.6
BUZZ	VanEck Social Sentiment ETF	14.7	75	-67	1.6	-5.3
GK	AdvisorShares Gerber Kawasaki ETF	14.6	81	-73	5.2	-1.6
LRND	IQ U.S. Large Cap R&D Leaders ETF	14.6	14	-6	7.6	+0.8
DUSA	Davis Select U.S. Equity ETF	14.6	61	-53	10.2	+3.4
CGGR	Capital Group Growth ETF	14.5	39	-31	4.6	-2.2
XTL	SPDR S&P Telecom ETF	14.1	35	-27	6.1	-0.8
IYC	iShares U.S. Consumer Services ETF	13.9	39	-31	4.1	-2.7
QQMG	Invesco ESG NASDAQ 100 ETF	13.8	20	-12	6.7	-0.2
SFYF	SoFi 50 ETF	13.7	29	-21	-3.7	-10.6
TMFC	Motley Fool 100 Index ETF	13.6	50	-42	5.2	-1.6
ONEQ	Fidelity Nasdaq Composite Index Tracking Stock	13.5	21	-13	4.5	-2.4
UBCB	UBC Algorithmic Fundamentals ETF	13.4	75	-67	5.6	-1.2
MGK	Vanguard Mega Cap Growth ETF	12.9	7	1	5.6	-1.2
ZGEN	Generation Z ETF	12.9	63	-55	-6.1	-12.9
ITAN	Sparkline Intangible Value ETF	12.6	50	-42	7.6	+0.8
IVSG	Invesco Select Growth ETF	12.6	48	-40	4.2	-2.7
GVIP	Goldman Sachs Hedge Industry VIP ETF	12.4	45	-37	5.0	-1.8
ARVR	First Trust Indxx Metaverse ETF	12.4	70	-62	5.8	-1.0
EPS	WisdomTree U.S. Earnings 500 Fund	12.3	8	0	7.7	+0.9
XLG	Invesco S&P 500 Top 50 ETF	12.2	20	-12	6.0	-0.9
ANEW	ProShares MSCI Transformational Changes ETF	12.2	45	-37	4.9	-2.0
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	12.1	60	-52	5.4	-1.5
HKND	Humankind US Stock ETF	11.9	11	-3	7.8	+1.0
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	11.9	15	-7	7.8	+0.9
TECB	iShares US Tech Breakthrough Multisector ETF	11.8	40	-32	5.9	-1.0
GSPY	Gotham Enhanced 500 ETF	11.7	50	-42	7.0	+0.1
GGRW	Gabelli Growth Innovators ETF	11.5	90	-82	3.9	-3.0
ACSI	American Customer Satisfaction Core Alpha ETF	11.5	65	-57	4.7	-2.1
VUG	Vanguard Growth Index Fund	11.5	4	4	5.4	-1.5
SCHG	Schwab U.S. Large-Cap Growth ETF	11.5	40	-32	4.8	-2.1
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	11.4	47	-39	6.2	-0.6
VEGN	US Vegan Climate ETF	11.3	60	-52	6.0	-0.8
OND	ProShares On-Demand ETF	11.2	58	-50	-5.3	-12.1
OEF	iShares S&P 100 ETF	11.0	20	-12	6.3	-0.6
FIVG	Defiance Next Gen Connectivity ETF	11.0	30	-22	6.8	-0.1
PZLG	Puzzle Mature Growth	11.0	10	-2	5.8	-1.1
AIQ	Global X Future Analytics Tech ETF	10.9	68	-60	5.2	-1.6
GENY	Principal Millennials Index ETF	10.8	45	-37	4.4	-2.5
IUS	Invesco Strategic US ETF	10.8	19	-11	7.7	+0.8
XWEB	SPDR S&P Internet ETF	10.6	35	-27	-4.2	-11.0
XPND	First Trust Expanded Technology ETF	10.6	65	-57	6.6	-0.3
TWEB	SoFi Web 3 ETF	10.6	59	-51	-5.2	-12.1
SPXT	ProShares S&P 500 Ex-Technology ETF	10.6	27	-19	6.5	-0.4
VSLU	Applied Finance Valuation Large Cap ETF	10.6	49	-41	7.7	+0.8
VR	Global X Metaverse ETF	10.4	50	-42	7.8	+1.0
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	10.4	35	-27	5.9	-0.9
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	10.4	57	-49	5.8	-1.1
FBCG	Fidelity Blue Chip Growth ETF	10.2	59	-51	3.0	-3.9
AOTG	AOT Growth and Innovation ETF	10.2	75	-67	3.3	-3.6
IWX	iShares Russell Top 200 Value ETF	10.1	20	-12	7.4	+0.5
VDNI	V-Shares US Leadership Diversity ETF	10.0	29	-21	6.8	-0.1
SNPG	Xtrackers S&P 500 Growth ESG ETF	10.0	15	-7	6.1	-0.8
DWLD	Davis Select Worldwide ETF	10.0	62	-54	8.7	+1.9
SPVU	Invesco S&P 500 Enhanced Value ETF	9.9	13	-5	11.6	+4.8
MOAT	VanEck Morningstar Wide Moat ETF	9.9	47	-39	6.1	-0.7
WRND	IQ Global Equity R&D Leaders ETF	9.8	18	-10	8.4	+1.5
BWEB	Bitwise Web3 ETF	9.8	85	-77	1.7	-5.2
QLC	FlexShares US Quality Large Cap Index Fund	9.7	25	-17	7.2	+0.3
EQWL	Invesco Russell Top 200 Equal Weight ETF	9.6	25	-17	7.3	+0.4
MRAD	SmartETFs Advertising & Marketing Technology ETF	9.6	68	-60	4.1	-2.8
XOUT	GraniteShares XOUT U.S. Large Cap ETF	9.5	60	-52	5.5	-1.4
RAFE	PIMCO RAFI ESG U.S. ETF	9.4	29	-21	8.8	+1.9
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	9.4	19	-11	7.3	+0.4
GINN	Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	9.3	50	-42	2.7	-4.2
SUSL	iShares ESG MSCI USA Leaders ETF	9.2	10	-2	6.4	-0.5
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	9.2	10	-2	6.3	-0.5
HDV	iShares Core High Dividend ETF	9.2	8	0	8.7	+1.8
SPXV	ProShares S&P 500 Ex-Health Care ETF	9.2	27	-19	5.9	-0.9
XDAT	Franklin Exponential Data ETF	9.1	50	-42	4.0	-2.9
SPXN	ProShares S&P 500 Ex-Financials ETF	9.1	27	-19	6.2	-0.7
BYTE	Roundhill IO Digital Infrastructure ETF	9.1	76	-68	4.5	-2.4
XNTK	SPDR NYSE Technology ETF	9.0	35	-27	5.3	-1.5
CACG	ClearBridge All Cap Growth ETF	9.0	53	-45	4.7	-2.2
IWL	iShares Russell Top 200 ETF	9.0	15	-7	6.2	-0.7
NACP	Impact Shares NAACP Minority Empowerment ETF	9.0	49	-41	6.4	-0.5
ESGV	Vanguard ESG U.S. Stock ETF	8.9	9	-1	6.2	-0.6
XVV	iShares ESG Screened S&P 500 ETF	8.8	8	0	6.4	-0.4
MGC	Vanguard Mega Cap Index Fund	8.8	7	1	6.3	-0.6
USMC	Principal U.S. Mega-Cap Multi-Factor Index ETF	8.8	12	-4	6.4	-0.5
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	8.7	10	-2	6.6	-0.3
FFND	Future Fund Active ETF	8.7	101	-93	2.6	-4.2
IWFH	iShares Virtual Work and Life Multisector ETF	8.7	47	-39	-1.2	-8.1
DSI	iShares MSCI KLD 400 Social ETF	8.7	25	-17	6.4	-0.5
QUS	SPDR MSCI USA StrategicFactors ETF	8.7	15	-7	6.9	+0.0
BKLC	BNY Mellon US Large Cap Core Equity ETF	8.7	0	8	6.3	-0.5
CGUS	Capital Group Core Equity ETF	8.7	33	-25	6.3	-0.5
QVML	Invesco S&P 500 QVM Multi-factor ETF	8.6	11	-3	6.6	-0.3
SNPV	Xtrackers S&P ESG Value ETF	8.6	15	-7	7.3	+0.4
IVE	iShares S&P 500 Value ETF	8.6	18	-10	6.7	-0.1
SPYV	SPDR Portfolio S&P 500 Value ETF	8.6	4	4	6.9	+0.0
DIVZ	TrueShares Low Volatility Equity Income ETF	8.5	65	-57	10.6	+3.7
VOOV	Vanguard S&P 500 Value ETF	8.5	10	-2	6.8	-0.0
FNDX	Schwab Fundamental U.S. Large Co. Index ETF	8.5	25	-17	7.7	+0.9
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	8.4	15	-7	13.8	+6.9
RESP	WisdomTree US ESG Fund of Benef Interest	8.3	28	-20	7.5	+0.6
ECOZ	TrueMark ESG Active Opportunities ETF	8.3	58	-50	5.3	-1.6
NULG	Nuveen ESG Large-Cap Growth ETF	8.3	25	-17	5.1	-1.8
DFUV	Dimensional US Marketwide Value ETF	8.3	23	-15	8.4	+1.6
GAMR	ETFMG Video Game Tech ETF	8.3	75	-67	7.9	+1.1
SHE	SPDR SSGA Gender Diversity Index ETF	8.2	20	-12	6.5	-0.3
RWL	Invesco S&P 500 Revenue ETF	8.2	39	-31	7.3	+0.4
DSTL	Distillate US Fundamental Stability & Value ETF	8.2	39	-31	7.8	+0.9
ILCV	iShares Morningstar Value ETF	8.2	4	4	7.6	+0.7
SPXE	ProShares S&P 500 Ex-Energy ETF	8.2	27	-19	6.3	-0.6
VFMV	Vanguard U.S. Minimum Volatility ETF	8.2	13	-5	6.8	-0.1
IUSV	iShares Core S&P U.S. Value ETF	8.2	4	4	7.0	+0.1
SIXA	6 Meridian Mega Cap Equity ETF	8.1	82	-74	8.1	+1.2
SPYX	SPDR S&P 500 Fossil Fuel Reserves Free ETF	8.1	20	-12	19.2	+12.3
IQSU	IQ Candriam ESG US Equity ETF	8.1	9	-1	6.0	-0.9
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	8.1	20	-12	5.2	-1.7
DYNF	BlackRock U.S. Equity Factor Rotation ETF	8.1	30	-22	6.2	-0.7
FNDB	Schwab Fundamental U.S. Broad Market Index ETF	8.1	25	-17	7.6	+0.7
SNPE	Xtrackers S&P 500 ESG ETF	8.0	10	-2	6.5	-0.3
IWY	iShares Russell Top 200 Growth ETF	8.0	20	-12	6.0	-0.8
FDG	American Century Focused Dynamic Growth ETF	8.0	45	-37	3.2	-3.6
QUAL	iShares MSCI Usa Quality Factor ETF	8.0	15	-7	7.4	+0.5
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	8.0	7	1	6.3	-0.6
SFY	SoFi Select 500 ETF	7.9	0	8	6.4	-0.5
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	7.9	49	-41	5.9	-1.0
VLU	SPDR S&P 1500 Value Tilt ETF	7.9	12	-4	8.2	+1.4
FDRR	Fidelity Dividend ETF for Rising Rates	7.9	29	-21	8.0	+1.2
PBUS	Invesco PureBeta MSCI USA ETF	7.9	4	4	6.3	-0.6
REVS	Columbia Research Enhanced Value ETF	7.9	19	-11	9.1	+2.3
STRV	Strive 500 ETF	7.9	5	3	6.3	-0.6
VV	Vanguard Large-Cap Index Fund	7.9	4	4	6.3	-0.6
QQQJ	Invesco NASDAQ Next Gen 100 ETF	7.9	15	-7	4.2	-2.7
VONV	Vanguard Russell 1000 Value Index Fund	7.8	8	0	7.4	+0.6
IVV	iShares Core S&P 500 ETF	7.8	3	5	6.4	-0.4
VOO	VANGUARD S&P 500 ETF	7.8	3	5	6.4	-0.4
SPY	SPDR S&P 500 ETF Trust	7.8	9	-1	6.4	-0.5
CATH	Global X S&P 500 Catholic Values Custom ETF	7.8	29	-21	6.1	-0.7
SPLG	SPDR Portfolio S&P 500 ETF	7.8	3	5	6.4	-0.4
IWD	iShares Russell 1000 Value ETF	7.8	18	-10	7.3	+0.4
VOTE	Engine No. 1 Transform 500 ETF	7.8	5	3	6.3	-0.5
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	7.7	35	-27	7.9	+1.0
PRF	Invesco FTSE RAFI US 1000 ETF	7.7	39	-31	7.6	+0.7
HEET	Hartford Schroders ESG US Equity ETF	7.7	39	-31	7.4	+0.6
DFNV	TrimTabs Donoghue Forlines Risk Managed Innovation ETF	7.6	69	-61	7.4	+0.5
CVAR	Cultivar ETF	7.6	87	-79	8.1	+1.3
BBUS	JP Morgan Betabuilders U.S. Equity ETF	7.6	2	6	6.3	-0.6
USMF	WisdomTree U.S. Multifactor Fund	7.6	28	-20	8.3	+1.5
FDMO	Fidelity Momentum Factor ETF	7.5	29	-21	6.0	-0.9
RECS	Columbia Research Enhanced Core ETF	7.5	15	-7	7.3	+0.4
DFUS	Dimensional U.S. Equity ETF	7.5	11	-3	6.3	-0.6
SCHX	Schwab U.S. Large-Cap ETF	7.5	3	5	6.3	-0.6
ILCB	iShares Morningstar U.S. Equity ETF	7.5	3	5	6.3	-0.6
IWB	iShares Russell 1000 ETF	7.5	15	-7	6.1	-0.7
VONE	Vanguard Russell 1000 ETF	7.5	8	0	6.2	-0.6
IVLC	Invesco US Large Cap Core ESG ETF	7.5	48	-40	6.0	-0.8
VFVA	Vanguard U.S. Value Factor ETF	7.5	13	-5	11.7	+4.8
HLGE	Hartford Longevity Economy ETF	7.5	44	-36	8.2	+1.4
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	7.5	15	-7	6.0	-0.8
IYY	iShares Dow Jones U.S. ETF	7.4	20	-12	6.1	-0.8
FVAL	Fidelity Value Factor ETF	7.4	29	-21	9.8	+2.9
FDLO	Fidelity Low Volatility Factor ETF	7.4	29	-21	6.1	-0.7
SCHK	Schwab 1000 Index ETF	7.4	5	3	6.2	-0.6
FQAL	Fidelity Quality Factor ETF	7.4	29	-21	7.5	+0.6
WUGI	AXS Esoterica NextG Economy ETF	7.4	75	-67	2.8	-4.1
WOMN	Impact Shares YWCA Women's Empowerment ETF	7.3	75	-67	6.7	-0.2
USMV	iShares Edge MSCI Min Vol USA ETF	7.3	15	-7	6.3	-0.6
PLRG	Principal US Large-Cap Adaptive Multi-Factor ETF	7.3	15	-7	6.5	-0.4
SPTM	SPDR Portfolio Total Stock Market ETF	7.3	3	5	6.5	-0.3
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	7.3	14	-6	6.4	-0.5
PUNK	Subversive Metaverse ETF	7.3	75	-67	2.7	-4.2
AQGX	AI Quality Growth ETF	7.3	97	-89	5.4	-1.5
VONG	Vanguard Russell 1000 Growth Index Fund	7.2	8	0	5.9	-1.0
IWV	iShares Russell 3000 ETF	7.2	20	-12	5.9	-0.9
IWF	iShares Russell 1000 Growth ETF	7.2	18	-10	5.8	-1.1
VTHR	Vanguard Russell 3000 Index Fund	7.2	10	-2	6.0	-0.8
ITOT	iShares Core S&P Total U.S. Stock Market ETF	7.2	3	5	6.0	-0.9
EDOW	First Trust Dow 30 Equal Weight ETF	7.2	50	-42	7.2	+0.3
VTI	Vanguard Total Stock Market Index Fund	7.1	3	5	6.0	-0.9
DFAU	Dimensional US Core Equity Market ETF	7.1	12	-4	6.4	-0.5
JQUA	JPMorgan U.S. Quality Factor ETF	7.1	12	-4	6.9	+0.1
VOOG	Vanguard S&P 500 Growth ETF	7.1	10	-2	6.4	-0.5
SCHB	Schwab U.S. Broad Market ETF	7.1	3	5	6.1	-0.7
IVW	iShares S&P 500 Growth ETF	7.1	18	-10	6.3	-0.6
FLRG	Fidelity U.S. Multifactor ETF	7.1	29	-21	8.3	+1.4
SPYG	SPDR Portfolio S&P 500 Growth ETF	7.1	4	4	6.4	-0.4
ESGS	Columbia Sustainable U.S. Equity Income ETF	7.1	35	-27	7.6	+0.8
ADME	Aptus Drawdown Managed Equity ETF	7.0	79	-71	5.6	-1.2
LVHD	Legg Mason Low Volatility High Dividend ETF	7.0	27	-19	8.0	+1.2
GPAL	Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca	7.0	20	-12	7.1	+0.2
ESGU	iShares MSCI USA ESG Optimized ETF	6.9	15	-7	6.3	-0.6
XITK	SPDR FactSet Innovative Technology ETF	6.9	45	-37	-3.0	-9.9
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	6.9	20	-12	6.1	-0.7
AILG	Alpha Intelligent - Large Cap Growth ETF	6.9	85	-77	4.5	-2.4
FUNL	CornerCap Fundametrics Large-Cap ETF	6.9	50	-42	8.3	+1.5
VLUE	iShares MSCI USA Value Factor ETF	6.9	15	-7	12.5	+5.6
SDOG	ALPS Sector Dividend Dogs ETF	6.9	40	-32	9.6	+2.7
KRMA	Global X Conscious Companies ETF	6.9	43	-35	6.5	-0.4
RFFC	RiverFront Dynamic US Flex-Cap ETF	6.9	52	-44	6.2	-0.6
VUSE	Vident Core US Equity Fund	6.9	50	-42	10.4	+3.5
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	6.8	15	-7	8.8	+1.9
EQAL	Invesco Russell 1000 Equal Weight ETF	6.8	20	-12	6.4	-0.4
IUSG	iShares Core S&P US Growth ETF	6.8	4	4	6.4	-0.4
PABU	iShares Paris-Aligned Climate MSCI USA ETF	6.8	10	-2	5.9	-0.9
FDL	First Trust Morningstar Dividend Leaders Index Fund	6.8	45	-37	9.5	+2.7
CGDV	Capital Group Dividend Value ETF	6.8	33	-25	6.6	-0.2
DEMZ	Advisors Inner Circle Fund III DEMZ Political Contributions	6.7	45	-37	6.1	-0.8
ILCG	iShares Morningstar Growth ETF	6.7	4	4	5.1	-1.8
IOO	iShares Global 100 ETF	6.7	40	-32	6.8	-0.1
IUSA	Amberwave Invest USA JSG Fund	6.7	67	-59	6.8	-0.1
FBCV	Fidelity Blue Chip Value ETF	6.7	59	-51	7.3	+0.4
ESG	FlexShares STOXX US ESG Impact Index Fund	6.6	32	-24	6.2	-0.7
GURU	Global X Guru Index ETF	6.5	75	-67	3.8	-3.1
JVAL	JPMorgan U.S. Value Factor ETF	6.5	12	-4	9.2	+2.3
SPHB	Invesco S&P 500 High Beta ETF	6.5	25	-17	4.2	-2.7
FLQL	Franklin LibertyQ U.S. Equity ETF	6.4	15	-7	8.1	+1.3
TMFX	Motley Fool Next Index ETF	6.4	50	-42	3.7	-3.1
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	6.4	9	-1	7.0	+0.2
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	6.4	30	-22	9.3	+2.5
BOSS	Global X Founder-Run Companies ETF	6.4	45	-37	2.7	-4.2
SSPY	Syntax Stratified LargeCap ETF	6.4	30	-22	7.1	+0.2
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd Idx	6.4	35	-27	9.6	+2.8
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF	6.4	35	-27	9.6	+2.8
CLOU	Global X Cloud Computing ETF	6.3	68	-60	1.9	-5.0
PSJ	Invesco Dynamic Software ETF	6.3	56	-48	3.3	-3.5
EQRR	ProShares Equities for Rising Rates ETF	6.3	35	-27	8.2	+1.4
TILT	Flexshares Morningstar US Market Factors Tilt Index Fund	6.3	25	-17	6.5	-0.3
NULC	Nuveen ESG Large-Cap ETF	6.2	20	-12	6.2	-0.7
ROUS	Hartford Multifactor US Equity ETF	6.2	19	-11	8.1	+1.3
JUSA	JPMorgan ActiveBuilders U.S. Large Cap Equity ETF	6.1	17	-9	6.7	-0.1
FTA	First Trust Large Cap Value AlphaDEX Fund	6.1	59	-51	9.6	+2.7
NZUS	SPDR MSCI USA Climate Paris Aligned ETF	6.1	10	-2	6.0	-0.9
RPV	Invesco S&P 500 Pure Value ETF	6.1	35	-27	9.7	+2.8
WTV	WisdomTree US Value Fund	6.1	12	-4	9.0	+2.2
BKUS	BNY Mellon Sustainable US Equity ETF	6.1	60	-52	5.7	-1.2
EQUL	IQ Engender Equality ETF	6.0	45	-37	7.3	+0.4
QTEC	First Trust NASDAQ-100 Technology Sector Index Fund	6.0	56	-48	6.8	-0.0
SPDV	AAM S&P 500 High Dividend Value ETF	6.0	29	-21	11.3	+4.5
INNO	Harbor Disruptive Innovation ETF	6.0	75	-67	-3.6	-10.5
DJD	Invesco Dow Jones Industrial Average Dividend ETF	5.9	7	1	10.0	+3.2
CLRG	IQ Chaikin U.S. Large Cap ETF	5.9	25	-17	6.4	-0.5
LRGE	ClearBridge Large Cap Growth ESG ETF	5.9	59	-51	4.2	-2.7
JHML	John Hancock Multifactor Large Cap ETF	5.9	29	-21	6.6	-0.2
LRGF	iShares Edge MSCI Multifactor USA ETF	5.9	8	0	7.2	+0.4
HERO	Global X Video Games & Esports ETF	5.9	50	-42	8.7	+1.9
UFO	Procure Space ETF	5.8	75	-67	2.3	-4.6
FLLV	Franklin Liberty U.S. Low Volatility ETF	5.8	29	-21	6.4	-0.5
ODDS	Pacer BlueStar Digital Entertainment ETF	5.8	60	-52	6.1	-0.8
SCHD	Schwab U.S. Dividend Equity ETF	5.8	6	2	9.1	+2.2
ESPO	VanEck Video Gaming & eSports ETF	5.7	55	-47	7.7	+0.9
TOK	iShares MSCI Kokusai ETF	5.7	25	-17	6.5	-0.4
AIVL	WisdomTree U.S. AI Enhanced Value Fund	5.6	38	-30	7.0	+0.1
KOKU	Xtrackers MSCI Kokusai Equity ETF	5.6	9	-1	6.6	-0.2
IGV	iShares Expanded Tech-Software ETF	5.6	40	-32	4.3	-2.6
AIEQ	AI Powered Equity ETF	5.6	75	-67	-1.8	-8.7
AVUS	Avantis U.S. Equity ETF	5.5	15	-7	7.0	+0.2
PWC	Invesco Dynamic Market ETF	5.5	60	-52	7.4	+0.5
ULVM	VictoryShares USAA MSCI USA Value Momentum ETF	5.5	20	-12	8.0	+1.2
DFAC	Dimensional U.S. Core Equity 2 ETF	5.5	19	-11	6.8	-0.1
JAVA	JPMorgan Active Value ETF	5.5	44	-36	6.7	-0.2
EUSA	iShares MSCI USA Equal Weighted ETF	5.5	9	-1	6.2	-0.7
SIZE	iShares MSCI USA Size Factor ETF	5.5	15	-7	5.9	-0.9
TMFG	Motley Fool Global Opportunities ETF	5.4	85	-77	4.3	-2.6
QWLD	SPDR MSCI World StrategicFactors ETF	5.4	30	-22	7.0	+0.2
FSST	Fidelity Sustainability U.S. Equity ETF	5.4	59	-51	6.1	-0.8
AVLV	Avantis U.S. Large Cap Value ETF	5.4	15	-7	8.7	+1.9
AUSF	Global X Adaptive U.S. Factor ETF	5.4	27	-19	6.8	-0.0
FXD	First Trust Consumer Discretionary AlphaDEX Fund	5.3	61	-53	8.1	+1.2
URTH	iShares MSCI World ETF	5.3	24	-16	6.6	-0.3
SPYD	SPDR S&P 500 High Dividend ETF	5.3	7	1	10.8	+4.0
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	5.3	48	-40	7.4	+0.6
TDIV	First Trust NASDAQ Technology Dividend Index Fund	5.3	50	-42	8.1	+1.3
RSPE	Invesco ESG S&P 500 Equal Weight ETF	5.2	20	-12	7.5	+0.6
LVOL	American Century Low Volatility ETF	5.1	29	-21	5.7	-1.2
SPMV	Invesco S&P 500 Minimum Variance ETF	5.1	10	-2	6.3	-0.5
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	5.1	29	-21	7.7	+0.9
AFLG	First Trust Active Factor Large Cap ETF	5.1	55	-47	7.4	+0.6
ZECP	Zacks Earnings Consistent Portfolio ETF	5.1	55	-47	6.5	-0.4
YPS	Arrow Reverse Cap 500 ETF	5.1	29	-21	6.4	-0.5
JRNY	ALPS Global Travel Beneficiaries ETF	5.0	65	-57	0.7	-6.1
JPUS	JPMorgan Diversified Return U.S. Equity ETF	5.0	18	-10	8.3	+1.4
VALQ	American Century STOXX U.S. Quality Value ETF	5.0	29	-21	10.3	+3.4
VIRS	Pacer BioThreat Strategy ETF	5.0	70	-62	7.2	+0.4
YLDE	ClearBridge Dividend Strategy ESG ETF	5.0	59	-51	6.4	-0.4
WBIY	WBI Power Factor High Dividend ETF	5.0	70	-62	11.8	+5.0
HART	IQ Healthy Hearts ETF	5.0	45	-37	5.9	-1.0
WFH	Direxion Work From Home ETF	5.0	45	-37	0.0	-6.9
COWZ	Pacer US Cash Cows 100 ETF	5.0	49	-41	11.4	+4.5
RFDA	RiverFront Dynamic US Dividend Advantage ETF	5.0	52	-44	7.9	+1.0
SYNB	Putnam BioRevolution ETF	4.9	70	-62	2.9	-3.9
IRBO	iShares Robotics and Artificial Intelligence Multisector ETF	4.9	47	-39	-0.2	-7.1
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	4.9	9	-1	6.5	-0.3
MVPS	Amplify Thematic All-Stars ETF	4.9	49	-41	2.4	-4.5
CRBN	iShares MSCI ACWI Low Carbon Target ETF	4.8	20	-12	6.8	-0.0
HAPY	Harbor Corporate Culture Leaders ETF	4.8	36	-28	2.8	-4.1
GVLU	Gotham 1000 Value ETF	4.8	50	-42	10.1	+3.3
DVY	iShares Select Dividend ETF	4.8	39	-31	9.0	+2.2
PZLD	Puzzle Divdend Leaders	4.8	10	-2	6.8	-0.1
CARZ	First Trust NASDAQ Global Auto Index Fund	4.8	70	-62	5.8	-1.1
FAB	First Trust Multi Cap Value AlphaDEX Fund	4.8	69	-61	10.7	+3.8
DURA	VanEck Morningstar Durable Dividend ETF	4.8	29	-21	8.6	+1.7
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	4.7	18	-10	6.4	-0.4
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	4.7	60	-52	2.9	-4.0
MGV	Vanguard Mega Cap Value ETF	4.7	7	1	7.7	+0.8
VOT	Vanguard Mid-Cap Growth Index Fund	4.7	7	1	4.6	-2.2
SKYY	First Trust Cloud Computing ETF	4.7	60	-52	3.9	-3.0
ISHP	First Trust S-Network E-Commerce ETF	4.7	60	-52	5.5	-1.4
MRND	IQ U.S. Mid Cap R&D Leaders ETF	4.7	16	-8	2.2	-4.7
ACWI	iShares MSCI ACWI ETF	4.7	32	-24	6.6	-0.2
NZRO	Strategy Shares Halt Climate Change ETF	4.6	95	-87	1.9	-5.0
ACVF	American Conservative Values ETF	4.6	75	-67	5.5	-1.4
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	4.6	11	-3	6.2	-0.6
NUDV	Nuveen ESG Dividend ETF	4.6	25	-17	7.7	+0.8
PSET	Principal Price Setters Index ETF	4.5	15	-7	6.8	-0.1
SUSA	iShares MSCI USA ESG Select ETF	4.5	25	-17	6.0	-0.9
RSP	Invesco S&P 500 Equal Weight ETF	4.5	20	-12	6.6	-0.2
RUFF	Alpha Dog ETF	4.5	90	-82	6.0	-0.9
USLB	Invesco Russell 1000 Low Beta Equal Weight ETF	4.5	35	-27	7.8	+1.0
FLDZ	RiverNorth Volition America Patriot ETF	4.5	70	-62	5.6	-1.2
TRFM	AAM Transformers ETF	4.5	49	-41	2.5	-4.4
IETC	iShares Evolved U.S. Technology ETF	4.5	18	-10	5.8	-1.1
PEJ	Invesco Dynamic Leisure & Entertainment ETF	4.4	55	-47	4.6	-2.3
ETHO	Etho Climate Leadership U.S. ETF	4.4	47	-39	4.6	-2.3
SCHV	Schwab U.S. Large-Cap Value ETF	4.4	4	4	7.5	+0.6
MBCC	Monarch Blue Chips Core ETF	4.4	125	-117	4.0	-2.9
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	4.4	12	-4	6.3	-0.5
QDF	FlexShares Quality Dividend Index Fund	4.4	37	-29	8.0	+1.1
VTV	Vanguard Value Index Fund	4.3	4	4	7.7	+0.9
QQQN	VictoryShares Nasdaq Next 50 ETF	4.3	18	-10	6.5	-0.4
QDEF	FlexShares Quality Dividend Defensive Index Fund	4.3	37	-29	7.7	+0.8
QDYN	FlexShares Quality Dividend Dynamic Index Fund	4.3	37	-29	8.8	+2.0
JMOM	JPMorgan U.S. Momentum Factor ETF	4.3	12	-4	6.5	-0.4
FXL	First Trust Technology AlphaDEX Fund	4.3	61	-53	7.9	+1.0
SMDY	Syntax Stratified MidCap ETF	4.2	35	-27	7.1	+0.2
VT	Vanguard Total World Stock ETF	4.2	7	1	6.7	-0.2
KLCD	KFA Large Cap Quality Dividend Index ETF	4.2	40	-32	7.4	+0.5
WLDR	Affinity World Leaders Equity ETF	4.2	67	-59	9.2	+2.4
VNSE	Natixis Vaughan Nelson Select ETF	4.2	80	-72	4.0	-2.9
DHS	WisdomTree U.S. High Dividend Fund	4.1	38	-30	8.3	+1.5
SDEP	SFP Core Equity Strategy	4.1	0	8	7.3	+0.5
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	4.1	9	-1	6.3	-0.5
FDWM	Fidelity Women's Leadership ETF	4.1	59	-51	6.1	-0.8
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	4.1	29	-21	5.7	-1.1
SXQG	6 Meridian Quality Growth ETF	4.1	100	-92	5.6	-1.2
RNDV	US Equity Dividend Select ETF	4.1	50	-42	9.1	+2.3
LOUP	Innovator Loup Frontier Tech ETF	4.0	70	-62	6.9	+0.1
IMCG	iShares Morningstar Mid-Cap Growth ETF	4.0	6	2	4.7	-2.1
SDEI	Sound Equity Income ETF	4.0	45	-37	9.9	+3.0
CFA	VictoryShares US 500 Volatility Weighted Index ETF	4.0	35	-27	7.0	+0.1
SMOT	VanEck Morningstar SMID Moat ETF	4.0	49	-41	7.8	+1.0
DIVB	iShares Core Dividend	4.0	5	3	8.1	+1.2
QLV	FlexShares US Quality Low Volatility Index Fund	4.0	22	-14	6.2	-0.7
KVLE	KFA Value Liner Dynamic Core Equity Index ETF	4.0	55	-47	6.9	+0.0
USEQ	Invesco Russell 1000 Enhanced Equal Weight ETF	3.9	29	-21	7.8	+1.0
GCOW	Pacer Global High Dividend ETF	3.9	60	-52	12.2	+5.4
JEPI	JPMorgan Equity Premium Income ETF	3.9	35	-27	5.9	-1.0
SDGA	Impact Shares Sustainable Development Goals Global ETF	3.9	75	-67	7.4	+0.5
FMIL	Fidelity New Millennium ETF	3.9	59	-51	6.7	-0.2
NTZG	Nuveen Global Net Zero Transition ETF	3.9	55	-47	5.6	-1.2
NUMG	Nuveen ESG Mid-Cap Growth ETF	3.9	30	-22	2.2	-4.7
PEXL	Pacer US Export Leaders ETF	3.9	60	-52	6.6	-0.3
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	3.9	75	-67	4.0	-2.9
ICAP	InfraCap Equity Income Fund ETF	3.8	80	-72	9.2	+2.4
AVSC	Avantis U.S Small Cap Equity ETF	3.8	25	-17	5.1	-1.7
NULV	Nuveen ESG Large-Cap Value ETF	3.8	25	-17	8.1	+1.2
USVT	US Value ETF	3.8	49	-41	11.2	+4.3
ESGG	FlexShares STOXX Global ESG Impact Index Fund	3.8	42	-34	6.6	-0.3
VYM	Vanguard High Dividend Yield Index ETF	3.7	6	2	8.0	+1.2
YALL	God Bless America ETF	3.7	65	-57	4.5	-2.4
DGT	SPDR Global Dow ETF	3.7	50	-42	7.4	+0.6
FEX	First Trust Large Cap Core AlphaDEX Fund	3.7	59	-51	7.4	+0.6
SIXL	6 Meridian Low Beta Equity Strategy ETF	3.7	82	-74	6.3	-0.5
SPGP	Invesco S&P 500 GARP ETF	3.7	36	-28	8.9	+2.1
SMMV	iShares Edge MSCI Min Vol USA Small-Cap ETF	3.7	20	-12	5.7	-1.1
VXF	Vanguard Extended Market Index Fund	3.7	6	2	3.7	-3.2
IWP	iShares Russell Mid-Cap Growth ETF	3.6	23	-15	4.7	-2.2
IUSS	Invesco Strategic US Small Company ETF	3.6	23	-15	6.5	-0.4
AHOY	Newday Ocean Health ETF	3.6	75	-67	5.9	-1.0
ZIG	The Acquirers Fund	3.6	89	-81	16.6	+9.7
VO	Vanguard Mid-Cap Index Fund	3.6	4	4	6.3	-0.5
FLV	American Century Focused Large Cap Value ETF	3.6	42	-34	7.3	+0.5
IBUY	Amplify Online Retail ETF	3.6	65	-57	-6.1	-13.0
SPHQ	Invesco S&P 500 Quality ETF	3.6	15	-7	6.1	-0.8
KOCG	FIS Knights of Columbus Global Belief ETF	3.6	75	-67	7.8	+1.0
ACWV	iShares MSCI Global Min Vol Factor ETF	3.6	20	-12	7.0	+0.2
PEY	Invesco High Yield Equity Dividend Achievers ETF	3.5	53	-45	8.7	+1.9
WGRO	WisdomTree U.S. Growth & Momentum Fund	3.5	55	-47	7.5	+0.6
PKW	Invesco Buyback Achievers ETF	3.4	64	-56	8.5	+1.6
STLV	iShares Factors US Value Style ETF	3.4	25	-17	9.7	+2.9
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	3.4	75	-67	7.0	+0.2
KONG	Formidable Fortress ETF	3.4	89	-81	6.1	-0.8
NERD	Roundhill BITKRAFT Esports & Digital Entertainment ETF	3.3	50	-42	17.8	+10.9
AILV	Alpha Intelligent - Large Cap Value ETF	3.3	85	-77	6.6	-0.3
IWR	iShares Russell Midcap ETF	3.3	18	-10	6.1	-0.8
RNLC	Large Cap US Equity Select ETF	3.3	60	-52	7.2	+0.3
PWB	Invesco Dynamic Large Cap Growth ETF	3.3	56	-48	4.3	-2.5
SPVM	Invesco S&P 500 Value with Momentum ETF	3.3	39	-31	9.1	+2.2
DEF	Invesco Defensive Equity ETF	3.3	55	-47	6.3	-0.6
SCHM	Schwab U.S. Mid-Cap ETF	3.2	4	4	6.1	-0.8
BKMC	BNY Mellon US Mid Cap Core Equity ETF	3.2	4	4	6.4	-0.5
IMCB	iShares Morningstar Mid-Cap ETF	3.2	4	4	6.4	-0.5
LGLV	SPDR Russell 1000 Low Volatility ETF	3.2	12	-4	5.8	-1.1
IWS	iShares Russell Mid-Cap Value ETF	3.2	23	-15	7.0	+0.2
DEW	WisdomTree Global High Dividend Fund	3.1	58	-50	9.7	+2.8
MMTM	SPDR S&P 1500 Momentum Tilt ETF	3.1	12	-4	6.5	-0.4
ISCB	iShares Morningstar Small-Cap ETF	3.1	4	4	4.7	-2.2
FNDA	Schwab Fundamental U.S. Small Co. Index ETF	3.1	25	-17	6.4	-0.5
MEME	Roundhill MEME ETF	3.1	69	-61	-4.1	-10.9
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	3.0	25	-17	7.3	+0.5
JHMM	John Hancock Multifactor Mid Cap ETF	3.0	41	-33	7.3	+0.4
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	3.0	39	-31	4.8	-2.1
NUMV	Nuveen ESG Mid-Cap Value ETF	3.0	30	-22	8.9	+2.1
MOTO	SmartETFs Smart Transportation & Technology ETF	3.0	68	-60	7.7	+0.8
PTF	Invesco DWA Technology Momentum ETF	3.0	60	-52	3.7	-3.1
BYOB	SoFi Be Your Own Boss ETF	3.0	59	-51	-5.2	-12.1
CLNR	IQ Cleaner Transport ETF	3.0	45	-37	7.2	+0.3
BTEK	BlackRock Future Tech ETF	3.0	88	-80	0.7	-6.1
OUSM	ALPS O'Shares Russell Small Cap Quality Dividend ETF	3.0	48	-40	7.6	+0.8
ISCG	iShares Morningstar Small-Cap Growth ETF	3.0	6	2	1.3	-5.6
ARKQ	Ark Autonomous Tech. & Robotics ETF	3.0	75	-67	1.6	-5.3
USXF	iShares ESG Advanced MSCI USA ETF	2.9	10	-2	6.2	-0.6
CHGX	Change Finance U.S. Large Cap Fossil Fuel Free ETF	2.9	49	-41	6.7	-0.2
ISCV	iShares Morningstar Small Cap Value ETF	2.9	6	2	7.9	+1.1
QDIV	Global X S&P 500 Quality Dividend ETF	2.9	20	-12	9.0	+2.1
VBK	Vanguard Small-Cap Growth Index Fund	2.9	7	1	1.4	-5.5
BKSE	BNY Mellon US Small Cap Core Equity ETF	2.9	4	4	5.6	-1.2
GFGF	Guru Favorite Stocks ETF	2.9	65	-57	6.7	-0.1
ARKX	ARK Space Exploration & Innovation ETF	2.9	75	-67	2.2	-4.7
DIA	SPDR Dow Jones Industrial Average ETF Trust	2.8	16	-8	6.7	-0.2
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	2.8	7	1	5.7	-1.2
FSMD	Fidelity Small-Mid Factor ETF	2.8	29	-21	8.3	+1.5
VTWV	Vanguard Russell 2000 Value Index Fund	2.8	15	-7	5.9	-0.9
IWN	iShares Russell 2000 Value ETF	2.8	23	-15	5.8	-1.1
CSA	VictoryShares US Small Cap Volatility Weighted Index ETF	2.8	35	-27	8.5	+1.6
HLAL	Wahed FTSE USA Shariah ETF	2.8	50	-42	6.0	-0.9
ONEY	SPDR Russell 1000 Yield Focus ETF	2.8	20	-12	10.1	+3.2
DEUS	Xtrackers Russell 1000 Comprehensive Factor ETF	2.7	17	-9	8.0	+1.2
JSTC	Adasina Social Justice All Cap Global ETF	2.7	89	-81	6.2	-0.6
DUHP	Dimensional US High Profitability ETF	2.7	22	-14	8.3	+1.4
SCHA	Schwab U.S. Small-Cap ETF	2.7	4	4	5.1	-1.8
SRHQ	SRH U.S. Quality ETF	2.7	35	-27	8.2	+1.3
MOTE	VanEck Morningstar ESG Moat ETF	2.7	49	-41	6.4	-0.5
FLQS	Franklin LibertyQ U.S. Small Cap Equity ETF	2.7	35	-27	8.0	+1.2
FCPI	Fidelity Stocks for Inflation ETF	2.7	29	-21	9.3	+2.4
JHSC	John Hancock Multifactor Small Cap ETF	2.7	42	-34	6.4	-0.5
FCTR	First Trust Lunt U.S. Factor Rotation ETF	2.7	65	-57	5.4	-1.5
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	2.7	29	-21	7.4	+0.5
VOE	Vanguard Mid-Cap Value Index Fund	2.7	7	1	8.0	+1.1
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	2.6	9	-1	4.4	-2.5
UVDV	UVA Dividend Value ETF	2.6	80	-72	7.6	+0.7
EWMC	Invesco S&P MidCap 400 Equal Weight ETF	2.6	40	-32	7.2	+0.3
SMLF	iShares Edge MSCI Multifactor USA Small-Cap ETF	2.6	30	-22	9.0	+2.2
DTD	WisdomTree U.S.Total Dividend Fund	2.6	28	-20	7.4	+0.5
IWM	iShares Russell 2000 ETF	2.5	19	-11	3.9	-3.0
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	2.5	24	-16	8.4	+1.5
VTWO	Vanguard Russell 2000 Index Fund	2.5	10	-2	4.0	-2.8
DRIV	Global X Autonomous & Electric Vehicles ETF	2.5	68	-60	4.7	-2.2
BOUT	Innovator IBD Breakout Opportunities ETF	2.5	80	-72	5.4	-1.4
CGGO	Capital Group Global Growth Equity ETF	2.5	47	-39	4.3	-2.6
SXUS	Janus Henderson International Sustainable Equity ETF	2.5	60	-52	4.2	-2.6
DLN	WisdomTree U.S. LargeCap Dividend Fund	2.5	28	-20	7.2	+0.3
QGRO	American Century STOXX U.S. Quality Growth ETF	2.5	29	-21	6.2	-0.7
IMCV	iShares Morningstar Mid-Cap Value ETF	2.5	6	2	8.1	+1.3
PSCU	Invesco S&P SmallCap Utilities ETF	2.5	29	-21	3.2	-3.7
BUYZ	Franklin Disruptive Commerce ETF	2.5	50	-42	2.6	-4.3
ONEO	SPDR Russell 1000 Momentum Focus ETF	2.5	20	-12	8.4	+1.6
DON	WisdomTree U.S. MidCap Dividend Fund	2.5	38	-30	8.5	+1.7
ONEV	SPDR Russell 1000 Low Volatility Focus ETF	2.5	20	-12	8.0	+1.1
UPWD	JPMorgan Social Advancement ETF	2.5	49	-41	6.5	-0.4
PBSM	Invesco PureBeta MSCI USA Small Cap ETF	2.5	6	2	5.4	-1.5
WKLY	SoFi Weekly Dividend ETF	2.4	49	-41	8.4	+1.5
FOVL	iShares Focused Value Factor ETF	2.4	25	-17	11.0	+4.1
VB	Vanguard Small-Cap ETF	2.4	5	3	5.6	-1.3
DIV	Global X SuperDividend US ETF	2.4	45	-37	6.7	-0.1
FNX	First Trust Mid Cap Core AlphaDEX Fund	2.4	59	-51	8.1	+1.2
UTRN	Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	2.4	75	-67	6.4	-0.4
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	2.4	45	-37	2.2	-4.6
SSLY	Syntax Stratified SmallCap ETF	2.4	35	-27	7.3	+0.4
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	2.4	15	-7	8.0	+1.2
IJJ	iShares S&P Mid-Cap 400 Value ETF	2.4	18	-10	7.8	+1.0
MDYV	SPDR S&P 400 Mid Cap Value ETF	2.4	15	-7	7.9	+1.0
DFAS	Dimensional U.S. Small Cap ETF	2.4	28	-20	6.5	-0.3
USVM	VictoryShares USAA MSCI USA Small Cap Value Momentum ETF	2.4	25	-17	9.6	+2.7
XJH	iShares ESG Screened S&P Mid-Cap ETF	2.4	12	-4	7.5	+0.6
DFAT	Dimensional U.S. Targeted Value ETF	2.3	29	-21	8.5	+1.6
IWO	iShares Russell 2000 Growth ETF	2.3	23	-15	1.9	-4.9
VTWG	Vanguard Russell 2000 Growth Index Fund	2.3	15	-7	2.0	-4.8
EES	WisdomTree SmallCap Earnings Fund	2.3	38	-30	10.2	+3.3
SFYX	Sofi Next 500 ETF	2.3	0	8	6.0	-0.8
RYJ	Invesco Raymond James SB-1 Equity ETF	2.3	81	-73	3.6	-3.3
FLQM	Franklin LibertyQ U.S. Mid Cap Equity ETF	2.3	30	-22	8.2	+1.3
SDGS	Newday Sustainable Development Equity ETF	2.3	75	-67	6.0	-0.8
DFSV	Dimensional US Small Cap Value ETF	2.2	31	-23	8.3	+1.5
KOMP	SPDR Kensho New Economies Composite ETF	2.2	20	-12	0.7	-6.1
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	2.2	15	-7	7.5	+0.7
XT	iShares Exponential Technologies ETF	2.2	46	-38	4.1	-2.8
MDY	SPDR S&P Midcap 400 ETF Trust	2.2	22	-14	7.3	+0.4
EZM	WisdomTree U.S. MidCap Earnings Fund	2.2	38	-30	10.0	+3.1
PSC	Principal U.S. Small Cap Index ETF	2.2	38	-30	8.5	+1.7
TDV	ProShares S&P Technology Dividend Aristocrats ETF	2.2	46	-38	7.1	+0.3
RAYD	Rayliant Quantitative Developed Market Equity ETF	2.2	80	-72	9.2	+2.4
IVOO	Vanguard S&P Mid-Cap 400 ETF	2.2	10	-2	7.5	+0.7
RDVY	First Trust Rising Dividend Achievers ETF	2.2	50	-42	9.0	+2.1
ESML	iShares MSCI USA Small-Cap ESG Optimized ETF	2.2	17	-9	5.3	-1.5
IJH	iShares Core S&P Mid-Cap ETF	2.2	5	3	7.5	+0.6
FYX	First Trust Small Cap Core AlphaDEX Fund	2.2	61	-53	8.4	+1.5
FNK	First Trust Mid Cap Value AlphaDEX Fund	2.2	70	-62	11.8	+5.0
SPMD	SPDR Portfolio Mid Cap ETF	2.2	5	3	7.5	+0.6
XSW	SPDR S&P Software & Services ETF	2.2	35	-27	3.5	-3.3
FDVV	Fidelity Core Dividend ETF	2.1	29	-21	7.2	+0.4
PFM	Invesco Dividend Achievers ETF	2.1	53	-45	6.4	-0.4
BFOR	Barron's 400 ETF	2.1	65	-57	8.9	+2.0
EWSC	Invesco S&P Smallcap 600 Equal Weight ETF	2.1	40	-32	7.3	+0.5
RNMC	Mid Cap US Equity Select ETF	2.1	60	-52	8.6	+1.8
HUSV	First Trust Horizon Managed Volatility Domestic ETF	2.1	70	-62	5.6	-1.3
VBR	Vanguard Small Cap Value Index Fund	2.1	7	1	8.2	+1.4
XJR	iShares ESG Screened S&P Small-Cap ETF	2.1	12	-4	7.3	+0.5
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	2.1	20	-12	7.2	+0.3
SQLV	Legg Mason Small-Cap Quality Value	2.1	61	-53	11.1	+4.2
SMLV	SPDR SSGA US Small Cap Low Volatility Index ETF	2.1	12	-4	7.0	+0.1
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	2.1	60	-52	10.9	+4.1
LEGR	First Trust Indxx Innovative Transaction & Process ETF	2.1	65	-57	9.4	+2.6
AFMC	First Trust Active Factor Mid Cap ETF	2.0	65	-57	9.0	+2.1
FYC	First Trust Small Cap Growth AlphaDEX Fund	2.0	70	-62	1.9	-5.0
MOTG	VanEck Morningstar Global Wide Moat ETF	2.0	52	-44	6.8	-0.1
VIOO	Vanguard S&P Small-Cap 600 ETF	2.0	10	-2	7.7	+0.8
IJR	iShares Core S&P Small Cap ETF	2.0	6	2	7.7	+0.8
DBLV	AdvisorShares DoubleLine Value Equity ETF	2.0	91	-83	11.2	+4.4
SLY	SPDR S&P 600 Small Cap ETF	2.0	15	-7	7.7	+0.8
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	2.0	15	-7	7.2	+0.4
IJK	iShares S&P Mid-Cap 400 Growth ETF	2.0	17	-9	7.1	+0.2
SPSM	SPDR Portfolio S&P 600 Small Cap ETF	2.0	5	3	7.7	+0.9
MDYG	SPDR S&P 400 Mid Cap Growth ETF	2.0	15	-7	7.1	+0.2
ISMD	Inspire Small/Mid Cap Impact ETF	2.0	48	-40	6.3	-0.6
FPX	First Trust US IPO Index Fund	1.9	57	-49	1.8	-5.1
TTAC	TrimTabs US Free Cash Flow Quality ETF	1.9	59	-51	7.3	+0.4
DES	WisdomTree U.S. SmallCap Dividend Fund	1.9	38	-30	9.0	+2.1
PY	Principal Shareholder Yield Index ETF	1.9	15	-7	7.7	+0.8
VIG	Vanguard Dividend Appreciation Index Fund	1.9	6	2	6.6	-0.3
CSML	IQ Chaikin U.S. Small Cap ETF	1.9	35	-27	5.7	-1.1
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	1.8	30	-22	8.9	+2.0
SATO	Invesco Alerian Galaxy Crypto Economy ETF	1.8	60	-52	-25.2	-32.1
KLDW	Gavekal Knowledge Leaders Developed World ETF	1.8	75	-67	4.9	-2.0
IPO	Renaissance IPO ETF	1.8	60	-52	-24.2	-31.0
EGIS	2nd Vote Society Defended ETF	1.8	75	-67	7.3	+0.5
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	1.8	60	-52	9.8	+3.0
FNY	First Trust Mid Cap Growth AlphaDEX Fund	1.8	70	-62	2.5	-4.4
DGRO	iShares Core Dividend Growth ETF	1.7	8	0	7.7	+0.8
VIOV	Vanguard S&P Small-Cap 600 Value ETF	1.7	15	-7	7.7	+0.8
SSPX	Janus Henderson U.S. Sustainable Equity ETF	1.7	55	-47	4.4	-2.4
SLYV	SPDR S&P 600 Small Cap Value ETF	1.7	15	-7	7.8	+0.9
IJS	iShares S&P Small-cap 600 Value ETF	1.7	18	-10	7.7	+0.9
SAGP	Strategas Global Policy Opportunities ETF	1.7	65	-57	7.4	+0.6
RNSC	Small Cap US Equity Select ETF	1.7	60	-52	8.5	+1.7
PEZ	Invesco DWA Consumer Cyclicals Momentum ETF	1.7	60	-52	7.5	+0.7
MTUM	iShares MSCI USA Momentum Factor ETF	1.7	15	-7	6.5	-0.3
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	1.6	39	-31	7.5	+0.6
NXTG	First Trust Indxx NextG ETF	1.6	70	-62	6.9	0.0
DEIF	Sterling Capital Diverse Multi-Manager Active ETF	1.6	65	-57	7.2	+0.3
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	1.6	15	-7	6.8	-0.1
MIDE	Xtrackers S&P MidCap 400 ESG ETF	1.6	15	-7	8.1	+1.2
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	1.6	15	-7	7.8	+0.9
FSMO	Fidelity Small-Mid Cap Opportunities ETF	1.6	64	-56	7.5	+0.7
NUSC	Nuveen ESG Small-Cap ETF	1.6	30	-22	5.7	-1.2
VFMF	Vanguard U.S. Multifactor ETF	1.5	18	-10	9.4	+2.6
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	1.5	80	-72	6.6	-0.3
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	1.5	24	-16	8.6	+1.8
AVUV	Avantis U.S. Small Cap Value ETF	1.5	25	-17	9.6	+2.7
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	1.5	68	-60	-0.9	-7.7
TPSC	Timothy Plan US Small Cap Core ETF	1.4	52	-44	8.3	+1.5
ARKW	ARK Web x.0 ETF	1.4	83	-75	-4.3	-11.2
PLTL	Principal US Small-Cap Adaptive Multi-Factor ETF	1.4	19	-11	8.2	+1.3
SMMD	iShares Russell 2500 ETF	1.4	15	-7	5.8	-1.0
FAD	First Trust Multi Cap Growth AlphaDEX Fund	1.4	63	-55	3.6	-3.3
VFQY	Vanguard U.S. Quality Factor ETF	1.4	13	-5	8.3	+1.5
QTUM	Defiance Quantum ETF	1.4	40	-32	4.7	-2.2
ROSC	Hartford Multifactor Small Cap ETF	1.4	34	-26	10.9	+4.0
CRPT	First Trust SkyBridge Crypto Industry and Digital Economy ET	1.4	85	-77	1.2	-5.7
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	1.4	15	-7	7.8	+0.9
IJT	iShares S&P Small-Cap 600 Growth ETF	1.4	18	-10	7.8	+0.9
SLYG	SPDR S&P 600 Small Cap Growth ETF	1.4	15	-7	7.8	+0.9
RWJ	Invesco S&P SmallCap 600 Revenue ETF	1.4	39	-31	8.8	+1.9
FITE	SPDR Kensho Future Security ETF	1.3	45	-37	3.8	-3.1
FYT	First Trust Small Cap Value AlphaDEX Fund	1.3	71	-63	12.0	+5.1
SQEW	LeaderShares Equity Skew ETF	1.3	75	-67	5.4	-1.4
RWK	Invesco S&P MidCap 400 Revenue ETF	1.3	39	-31	9.4	+2.6
JSML	Janus Henderson Small Cap Growth Alpha ETF	1.2	30	-22	10.1	+3.2
FVD	First Trust Value Line Dividend Index Fund	1.2	67	-59	6.4	-0.5
VFMO	Vanguard U.S. Momentum Factor ETF	1.2	13	-5	3.0	-3.9
XMVM	Invesco S&P MidCap Value with Momentum ETF	1.2	39	-31	11.4	+4.5
RFG	Invesco S&P Midcap 400 Pure Growth ETF	1.2	35	-27	8.6	+1.7
ARKF	ARK Fintech Innovation ETF	1.2	75	-67	-1.3	-8.2
ARKK	ARK Innovation ETF	1.2	75	-67	-6.8	-13.6
RDIV	Invesco S&P Ultra Dividend Revenue ETF	1.1	39	-31	11.3	+4.5
DSMC	Distillate Small/Mid Cash Flow ETF	1.1	55	-47	12.0	+5.1
NVQ	QRAFT AI-Enhanced US Next Value ETF	1.1	75	-67	10.7	+3.8
MOON	Direxion Moonshot Innovators ETF	1.1	65	-57	0.0	-6.9
DTEC	ALPS Disruptive Technologies ETF	1.1	50	-42	4.1	-2.8
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.1	25	-17	6.0	-0.8
DGRS	WisdomTree US SmallCap Quality Dividend Growth Fund	1.1	38	-30	9.3	+2.4
SPLV	Invesco S&P 500 Low Volatility ETF	1.1	25	-17	6.1	-0.8
ALTL	Pacer Lunt Large Cap Alternator ETF	1.1	60	-52	5.7	-1.1
GDIV	Harbor Dividend Growth Leaders ETF	1.1	50	-42	7.3	+0.4
LYFE	2nd Vote Life Neutral Plus ETF	1.0	75	-67	8.0	+1.2
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	1.0	60	-52	7.8	+0.9
CFO	VictoryShares US 500 Enhanced Volatility Weighted Index ETF	1.0	35	-27	7.4	+0.5
IWC	iShares Micro-Cap ETF	1.0	60	-52	-5.5	-12.4
ESIX	SPDR S&P SmallCap 600 ESG ETF	1.0	12	-4	8.2	+1.3
SMLE	Xtrackers S&P SmallCap 600 ESG ETF	1.0	15	-7	8.1	+1.2
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	1.0	95	-87	2.5	-4.3
TPLC	Timothy Plan US Large Cap Core ETF	1.0	52	-44	6.4	-0.5
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd Idx	1.0	35	-27	9.0	+2.2
CSF	VictoryShares US Discovery Enhanced Volatility Weighted Idx	0.9	36	-28	8.9	+2.1
WDIV	SPDR Global Dividend ETF	0.9	40	-32	9.4	+2.6
QQQS	Invesco NASDAQ Future Gen 200 ETF	0.9	20	-12	-6.4	-13.2
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.8	41	-33	6.4	-0.4
GLIF	AGFiQ Global Infrastructure ETF	0.8	45	-37	5.3	-1.5
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETF	0.8	30	-22	11.0	+4.1
ROKT	SPDR S&P Kensho Final Frontiers ETF	0.8	45	-37	2.5	-4.4
VRAI	Virtus Real Asset Income ETF	0.8	55	-47	7.2	+0.3
PDP	Invesco DWA Momentum ETF	0.8	62	-54	5.1	-1.8
ACWF	iShares MSCI Global Multifactor ETF	0.8	35	-27	9.4	+2.6
BFTR	Future Innovators ETF	0.7	80	-72	1.9	-4.9
BLOK	Amplify Transformational Data Sharing ETF	0.7	71	-63	1.7	-5.2
LRNZ	TrueMark Technology, AI & Deep Learning ETF	0.7	68	-60	-0.7	-7.5
CZA	Invesco Zacks Mid-Cap ETF	0.7	69	-61	6.5	-0.4
CALF	Pacer US Small Cap Cash Cows 100 ETF	0.7	59	-51	12.9	+6.1
MAGA	Point Bridge GOP Stock Tracker ETF	0.7	72	-64	6.3	-0.6
KSCD	KFA Small Cap Quality Dividend Index ETF	0.7	51	-43	6.6	-0.2
DVLU	First Trust Dorsey Wright Momentum & Value ETF	0.7	60	-52	9.3	+2.4
LSAF	LeaderShares AlphaFactor US Core Equity ETF	0.7	75	-67	9.3	+2.4
MBOX	Freedom Day Dividend ETF	0.7	39	-31	8.5	+1.6
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	0.7	60	-52	8.3	+1.5
VNMC	Natixis Vaughan Nelson Mid Cap ETF	0.7	85	-77	6.9	+0.0
RZV	Invesco S&P Smallcap 600 Pure Value ETF	0.7	35	-27	8.7	+1.8
FGD	First Trust Dow Jones Global Select Dividend Index Fund	0.6	57	-49	12.7	+5.8
BTHM	BlackRock Future U.S. Themes ETF	0.6	60	-52	6.5	-0.4
RFV	Invesco S&P Midcap 400 Pure Value ETF	0.6	35	-27	9.6	+2.7
VSDA	VictoryShares Dividend Accelerator ETF	0.6	35	-27	6.8	-0.1
BUL	Pacer US Cash Cows Growth ETF	0.6	60	-52	9.8	+3.0
ACTV	LeaderShares Activist Leaders ETF	0.6	75	-67	9.9	+3.1
AFSM	First Trust Active Factor Small Cap ETF	0.6	75	-67	8.5	+1.6
EBIZ	Global X E-Commerce ETF	0.6	50	-42	1.3	-5.5
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	0.5	60	-52	5.1	-1.8
WCLD	WisdomTree Cloud Computing Fund	0.5	45	-37	-2.7	-9.6
SNSR	Global X Internet of Things Thematic ETF	0.5	68	-60	4.4	-2.5
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	0.5	49	-41	7.8	+0.9
XMMO	Invesco S&P MidCap Momentum ETF	0.5	33	-25	7.2	+0.3
XMLV	Invesco S&P MidCap Low Volatility ETF	0.5	25	-17	6.7	-0.1
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.5	75	-67	3.4	-3.5
EDUT	Global X Education ETF	0.5	50	-42	0.0	-6.8
PPA	Invesco Aerospace & Defense ETF	0.5	61	-53	4.5	-2.3
XMHQ	Invesco S&P MidCap Quality ETF	0.5	25	-17	8.3	+1.4
SVAL	iShares US Small Cap Value Factor ETF	0.5	20	-12	10.8	+4.0
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	0.5	28	-20	7.3	+0.4
IEDI	iShares Evolved U.S. Discretionary Spending ETF	0.5	18	-10	5.1	-1.7
SDY	SPDR S&P Dividend ETF	0.4	35	-27	6.9	+0.0
JOET	Virtus Terranova US Quality Momentum ETF	0.4	29	-21	6.8	-0.1
SYLD	Cambria Shareholder Yield ETF	0.4	59	-51	11.0	+4.2
TPHE	Timothy Plan High Dividend Stock Enhanced ETF	0.4	52	-44	6.8	-0.0
TPHD	Timothy Plan High Dividend Stock ETF	0.4	52	-44	6.8	-0.1
PSP	Invesco Global Listed Private Equity ETF	0.4	144	-136	9.9	+3.1
FTC	First Trust Large Cap Growth AlphaDEX Fund	0.4	59	-51	5.1	-1.8
STCE	Schwab Crypto Thematic ETF	0.4	30	-22	0.4	-6.5
IDAT	iShares Cloud 5G and Tech ETF	0.4	47	-39	6.0	-0.8
XSVM	Invesco S&P SmallCap Value with Momentum ETF	0.3	39	-31	11.5	+4.6
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.3	65	-57	3.0	-3.9
JETS	US Global Jets ETF	0.3	60	-52	-4.7	-11.5
AWAY	ETFMG Travel Tech ETF	0.3	75	-67	-5.1	-11.9
XSMO	Invesco S&P SmallCap Momentum ETF	0.3	39	-31	7.2	+0.3
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	0.3	15	-7	6.8	-0.0
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	0.3	41	-33	6.5	-0.4
BLES	Inspire Global Hope Large Cap ETF	0.3	49	-41	6.4	-0.5
DEEP	Roundhill Acquirers Deep Value ETF	0.3	80	-72	16.3	+9.5
CSD	Invesco S&P Spin-Off ETF	0.2	65	-57	8.2	+1.4
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	0.2	52	-44	6.2	-0.7
RZG	Invesco S&P Smallcap 600 Pure Growth ETF	0.2	35	-27	9.4	+2.5
DWAS	Invesco DWA SmallCap Momentum ETF	0.2	60	-52	-0.0	-6.9
ONLN	ProShares Online Retail ETF	0.2	58	-50	-5.5	-12.4
VAMO	Cambria Value & Momentum ETF	0.2	64	-56	9.7	+2.9
VPN	Global X Data Center REITs & Digital Infrastructure ETF	0.1	50	-42	6.1	-0.7
WTRE	WisdomTree New Economy Real Estate Fund	0.1	58	-50	4.3	-2.5
DRW	WisdomTree Global ex-US Real Estate Fund	0.1	58	-50	3.6	-3.2
CVY	Invesco Zacks Multi-Asset Income ETF	0.1	100	-92	10.2	+3.3
ISRA	VanEck Israel ETF	0.1	59	-51	7.9	+1.1
ITEQ	BlueStar Israel Technology ETF	0.1	75	-67	1.1	-5.7
IZRL	ARK Israel Innovative Technology ETF	0.1	49	-41	0.7	-6.2
GWX	SPDR S&P International Small Cap ETF	0.1	40	-32	5.3	-1.5
FDM	First Trust Dow Jones Select Microcap Index Fund	0.1	60	-52	5.4	-1.4
SIXS	6 Meridian Small Cap Equity ETF	0.1	100	-92	10.4	+3.5
AVDE	Avantis International Equity ETF	0.1	23	-15	8.0	+1.2
GSID	Goldman Sachs MarketBeta International Equity ETF	0.1	20	-12	7.0	+0.1
HDIV	QRAFT AI-Enhanced U.S. High Dividend ETF	0.0	75	-67	7.8	+1.0
JFWD	Jacob Forward ETF	0.0	75	-67	-12.5	-19.4
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	0.0	31	-23	8.5	+1.7

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	**	**	**	**	**	**	**
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:	Fidelity MSCI Telecommunication Services Index ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	13.7	%
Divided by: Fwd. P/BV	2.0	x
Less: Expense ratio	8	bp
Equals: ALTAR Score	6.9	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.43	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.