First Trust Water ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 24.0x P/Sales
ratio		 2.9x
P/BV
ratio		 3.7x Div.
yield		 1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust ISE Water Index Fund seeks investment results that correspond to the ISE Water Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $1,957
Currency USD
Expense ratio 53 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $17,690
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 36.5%
Small cap (<$2bn) 2.8%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
IDEXX LABORATORIES INC 5.6 %
FERGUSON ENTERPRISES INC 4.7 %
XYLEM INC 4.1 %
VERALTO CORPORATION 4.1 %
AMERICAN WATER WORKS CO INC 4.0 %
AECOM TECHNOLOGY CORP 3.9 %
ECOLAB INC 3.8 %
STANTEC INC 3.6 %
PENTAIR PLC 3.6 %
CORE & MAIN, INC. CLASS A 3.5 %
Total 40.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.8 %
CANADA 5.7 %
BRITAIN 3.7 %
BRAZIL 1.5 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.4% 1.5% 13.6% 14.3% 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.02 75%
MSCI EAFE 0.85 58%
MSCI Emg. Mkts. 0.60 30%

Technical Indicators
Recent close $114.44
30d moving avg. $110.62
Annualized volatility 18.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 1.8%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.2%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $1,454

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 693 potential alternatives to the First Trust Water ETF ETF based on the alternatives' overlap in portfolio holdings with FIW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIW Expense: 53 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIW
Ticker Fund
Name		 Overlap1
vs FIW
(%)		 Expense
ratio
(bp)		 Savings
vs FIW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FIW
(%)
PHO Invesco Water Resources ETF 70.7 60 -7 4.3 -0.3
AQWA Global X Clean Water ETF 43.9 50 3 4.8 +0.2
CGW Invesco S&P Global Water Index ETF 43.7 57 -4 4.6 -0.0
PIO Invesco Global Water ETF 34.8 75 -22 4.2 -0.4
EFRA iShares Environmental Infrastructure and Industrials ETF 33.7 47 6 5.1 +0.6
EBLU Ecofin Global Water ESG Fund 33.6 40 13 4.2 -0.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 21.8 45 8 5.4 +0.8
NVIR Horizon Kinetics Energy and Remediation ETF 18.8 85 -32 6.8 +2.2
IWTR iShares MSCI Water Management Multisector ETF 18.2 47 6 5.8 +1.2
GSFP Goldman Sachs Future Planet Equity ETF 12.1 75 -22 4.8 +0.2
TEMP JPMorgan Climate Change Solutions ETF 10.3 49 4 5.8 +1.2
EVX VanEck Environmental Services ETF 10.2 55 -2 2.2 -2.4
CZA Invesco Zacks Mid-Cap ETF 9.7 72 -19 6.5 +1.9
IFRA iShares U.S. Infrastructure ETF 9.1 30 23 6.4 +1.8
SMDV ProShares Russell 2000 Dividend Growers ETF 8.6 40 13 7.3 +2.7
HWAY Themes US Infrastructure ETF 8.5 29 24 6.0 +1.4
AIRR First Trust RBA American Industrial Renaissance ETF 8.5 70 -17 4.9 +0.3
IVEG iShares Emergent Food and AgTech Multisector ETF 8.4 47 6 9.2 +4.6
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 8.3 40 13 5.4 +0.8
MGRO VanEck Morningstar Wide Moat Growth ETF 8.2 49 4 4.5 -0.1
ABLS Abacus FCF Small Cap Leaders ETF 8.0 59 -6 6.0 +1.4
RSPN Invesco S&P 500 Equal Weight Industrials ETF 7.7 40 13 5.1 +0.5
FTRI First Trust Indxx Global Natural Resources Income ETF 7.6 70 -17 7.6 +3.0
BEEZ Honeytree U.S. Equity ETF 7.3 64 -11 3.7 -0.9
FSCS First Trust SMID Capital Strength ETF 7.2 60 -7 7.0 +2.4
CWS AdvisorShares Focused Equity ETF 7.1 84 -31 5.1 +0.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 6.9 61 -8 6.4 +1.8
OCEN IQ Clean Oceans ETF 6.9 45 8 6.0 +1.4
PAVE Global X U.S. Infrastructure Development ETF 6.8 47 6 5.2 +0.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 6.8 38 15 6.2 +1.6
AMID Argent Mid Cap ETF Argent Mid Cap ETF 6.8 52 1 6.2 +1.6
NUMV Nuveen ESG Mid-Cap Value ETF 6.6 31 22 6.9 +2.3
XHB SPDR S&P Homebuilders ETF 6.6 35 18 10.5 +5.9
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 6.5 48 5 8.1 +3.5
RSMC Rockefeller U.S. Small-Mid Cap ETF 6.5 75 -22 4.9 +0.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.1 60 -7 7.4 +2.8
FTCS First Trust Capital Strength ETF 6.1 55 -2 5.8 +1.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 6.1 35 18 9.3 +4.7
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 6.0 55 -2 4.6 -0.0
SSPX Janus Henderson U.S. Sustainable Equity ETF 6.0 55 -2 4.2 -0.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.0 30 23 6.6 +2.0
RBLD First Trust Alerian US NextGen Infrastructure ETF 5.9 65 -12 4.9 +0.3
PSCI Invesco S&P SmallCap Industrials ETF 5.8 29 24 5.0 +0.4
IPDP Dividend Performers ETF 5.8 122 -69 5.1 +0.5
XSHQ Invesco S&P SmallCap Quality ETF 5.8 29 24 7.1 +2.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 5.7 35 18 6.1 +1.5
PAWZ ProShares Pet Care ETF 5.6 50 3 3.7 -0.9
IHI iShares U.S. Medical Devices ETF 5.6 40 13 3.9 -0.7
CSMD Congress SMid Growth ETF 5.6 69 -16 3.9 -0.7
MVAL VanEck Morningstar Wide Moat Value ETF 5.6 49 4 6.5 +1.9
MOAT VanEck Morningstar Wide Moat ETF 5.6 46 7 5.7 +1.1
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 5.5 15 38 7.5 +2.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 5.4 30 23 8.2 +3.6
DEMZ Democratic Large Cap Core ETF 5.3 45 8 4.5 -0.1
IYM iShares U.S. Basic Materials ETF 5.3 40 13 6.0 +1.4
RSPH Invesco S&P 500 Equal Weight Health Care ETF 5.2 40 13 8.2 +3.6
FXZ First Trust Materials AlphaDEX Fund 5.0 61 -8 9.9 +5.4
MOTE VanEck Morningstar ESG Moat ETF 5.0 49 4 6.0 +1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 5.0 25 28 7.4 +2.8
MID American Century Mid Cap Growth Impact ETF 4.8 45 8 3.1 -1.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 4.8 59 -6 6.1 +1.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.7 70 -17 4.7 +0.1
LEAD Siren DIVCON Leaders Dividend ETF 4.7 43 10 4.2 -0.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 4.6 45 8 5.4 +0.8
PKB Invesco Building & Construction ETF 4.6 62 -9 4.4 -0.2
NUMG Nuveen ESG Mid-Cap Growth ETF 4.6 31 22 2.5 -2.1
POWA Invesco Bloomberg Pricing Power ETF 4.6 40 13 5.3 +0.7
IJT iShares S&P Small-Cap 600 Growth ETF 4.4 18 35 5.4 +0.8
JSML Janus Henderson Small Cap Growth Alpha ETF 4.4 30 23 7.8 +3.2
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 4.4 52 1 5.5 +0.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 4.4 58 -5 5.4 +0.8
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 4.3 49 4 3.8 -0.8
FIDU Fidelity MSCI Industrial Index ETF 4.3 8 45 4.4 -0.2
SUSA iShares MSCI USA ESG Select ETF 4.3 25 28 4.7 +0.1
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF 4.3 39 14 3.6 -1.0
LQPE PEO AlphaQuest Thematic PE ETF 4.3 125 -72 5.3 +0.7
SLYG SPDR S&P 600 Small Cap Growth ETF 4.2 15 38 5.5 +0.9
IMCG iShares Morningstar Mid-Cap Growth ETF 4.2 6 47 3.9 -0.7
VFQY Vanguard U.S. Quality Factor ETF 4.2 13 40 6.3 +1.7
VOT Vanguard Mid-Cap Growth ETF 4.2 7 46 3.5 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.2 10 43 5.6 +1.0
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 4.1 60 -7 6.1 +1.5
FXU First Trust Utilities AlphaDEX Fund 4.1 64 -11 5.4 +0.8
BLLD JPMorgan Sustainable Infrastructure ETF 4.1 49 4 6.1 +1.5
XSMO Invesco S&P SmallCap Momentum ETF 4.1 39 14 5.5 +0.9
RNMC First Trust Mid Cap US Equity Select ETF 4.1 60 -7 6.4 +1.8
VAW Vanguard Materials ETF 4.1 9 44 6.0 +1.4
CSD Invesco S&P Spin-Off ETF 4.1 65 -12 4.4 -0.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.0 70 -17 2.8 -1.8
FMAT Fidelity MSCI Materials Index ETF 4.0 8 45 6.0 +1.5
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.9 65 -12 4.6 -0.0
PSET Principal Quality ETF 3.9 15 38 5.3 +0.7
LSAF LeaderShares AlphaFactor US Core Equity ETF 3.9 75 -22 7.2 +2.6
DON WisdomTree U.S. MidCap Dividend Fund 3.9 38 15 8.7 +4.1
OSCV Opus Small Cap Value ETF 3.9 79 -26 6.4 +1.8
SMOT VanEck Morningstar SMID Moat ETF 3.9 49 4 6.4 +1.8
PABU iShares Paris-Aligned Climate MSCI USA ETF 3.9 10 43 4.3 -0.3
SNSR Global X Internet of Things ETF 3.8 68 -15 4.4 -0.2
PSCT Invesco S&P SmallCap Information Technology ETF 3.8 29 24 5.2 +0.7
PUI Invesco Dorsey Wright Utilities Momentum ETF 3.8 60 -7 5.3 +0.8
RSPM Invesco S&P 500 Equal Weight Materials ETF 3.8 40 13 7.6 +3.0
XLB Materials Select Sector SPDR Fund 3.8 8 45 6.3 +1.7
OSEA Harbor International Compounders ETF 3.8 55 -2 4.8 +0.3
MDEV First Trust Indxx Medical Devices ETF 3.8 70 -17 4.5 -0.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 3.7 20 33 6.4 +1.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 3.7 35 18 4.0 -0.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 3.7 15 38 6.0 +1.4
AFMC First Trust Active Factor Mid Cap ETF 3.6 65 -12 8.4 +3.8
FFOX FundX Future Fund Opportunities ETF 3.6 100 -47 4.2 -0.4
TOLL Tema Monopolies and Oligopolies ETF 3.6 75 -22 5.1 +0.5
FUTY Fidelity MSCI Utilities Index ETF 3.6 8 45 5.3 +0.7
STXM Strive Mid-Cap ETF 3.6 18 35 6.1 +1.6
ESIX SPDR S&P SmallCap 600 ESG ETF 3.6 12 41 7.9 +3.3
MADE iShares U.S. Manufacturing ETF 3.5 40 13 5.1 +0.5
INCE Franklin Income Equity Focus ETF 3.5 29 24 5.5 +0.9
RUNN Running Oak Efficient Growth ETF 3.5 58 -5 4.9 +0.3
TMDV ProShares Russell US Dividend Growers ETF 3.5 35 18 6.4 +1.8
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 3.5 29 24 4.6 -0.0
ETEC iShares Breakthrough Environmental Solutions ETF 3.5 47 6 3.3 -1.3
VIS Vanguard Industrials ETF 3.4 9 44 4.5 -0.1
FVD First Trust Value Line Dividend Index Fund 3.4 65 -12 6.2 +1.6
TINY ProShares Nanotechnology ETF 3.4 58 -5 5.1 +0.5
ITB iShares U.S. Home Construction ETF 3.3 40 13 10.5 +5.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 3.3 4 49 6.1 +1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 3.3 17 36 5.8 +1.2
XJH iShares ESG Screened S&P Mid-Cap ETF 3.3 12 41 7.0 +2.4
TAX Cambria Tax Aware ETF 3.3 49 4 5.0 +0.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 3.3 18 35 5.8 +1.2
NULV Nuveen ESG Large-Cap Value ETF 3.3 26 27 6.3 +1.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 3.2 35 18 7.1 +2.6
BFOR ALPS Barron's 400 ETF 3.2 65 -12 5.9 +1.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 3.2 15 38 7.2 +2.6
AVMC Avantis U.S. Mid Cap Equity ETF 3.2 18 35 6.8 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 3.2 10 43 6.0 +1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 3.2 20 33 7.6 +3.0
ETHO Etho Climate Leadership U.S. ETF 3.2 47 6 5.3 +0.7
ISCG iShares Morningstar Small-Cap Growth ETF 3.2 6 47 2.9 -1.7
XMHQ Invesco S&P MidCap Quality ETF 3.2 25 28 6.5 +1.9
SCHM Schwab U.S. Mid-Cap ETF 3.2 4 49 6.6 +2.0
VBR Vanguard Small Cap Value ETF 3.1 7 46 9.1 +4.5
VPU Vanguard Utilities ETF 3.1 9 44 5.3 +0.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 3.1 15 38 7.7 +3.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 3.1 15 38 5.8 +1.3
NZUS SPDR MSCI USA Climate Paris Aligned ETF 3.1 10 43 4.3 -0.3
ERTH Invesco MSCI Sustainable Future ETF 3.1 62 -9 3.7 -0.9
ZIG Acquirers Fund 3.1 84 -31 18.0 +13.4
SMCF Themes US Small Cap Cash Flow Champions ETF 3.1 29 24 11.9 +7.3
TPSC Timothy Plan US Small Cap Core ETF 3.1 52 1 6.7 +2.1
MDY SPDR S&P Midcap 400 ETF Trust 3.1 24 29 7.1 +2.5
RSPU Invesco S&P 500 Equal Weight Utilities ETF 3.1 40 13 5.5 +0.9
XJR iShares ESG Screened S&P Small-Cap ETF 3.1 12 41 7.3 +2.7
IJH iShares Core S&P Mid-Cap ETF 3.1 5 48 7.3 +2.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 3.1 35 18 7.7 +3.1
GDIV Harbor Dividend Growth Leaders ETF 3.0 50 3 5.2 +0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.0 46 7 5.6 +1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 3.0 60 -7 7.3 +2.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 3.0 24 29 7.7 +3.1
IVOO Vanguard S&P Mid-Cap 400 ETF 3.0 7 46 7.4 +2.8
JSTC Adasina Social Justice All Cap Global ETF 3.0 89 -36 4.8 +0.2
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 3.0 3 50 7.3 +2.7
NULG Nuveen ESG Large-Cap Growth ETF 3.0 26 27 3.3 -1.3
SPLV Invesco S&P 500 Low Volatility ETF 3.0 25 28 5.3 +0.7
BIBL Inspire 100 ETF 2.9 35 18 5.1 +0.5
BMED Future Health ETF 2.9 85 -32 0.5 -4.1
IJR iShares Core S&P Small Cap ETF 2.9 6 47 7.6 +3.0
HKND Humankind US Stock ETF 2.9 11 42 7.1 +2.5
SMAP Amplify Small-Mid Cap Equity ETF 2.9 60 -7 5.5 +0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 2.9 7 46 6.0 +1.4
SDY SPDR S&P Dividend ETF 2.9 35 18 6.6 +2.0
MXI iShares Global Materials ETF 2.9 41 12 7.6 +3.0
NUSC Nuveen ESG Small-Cap ETF 2.9 31 22 5.3 +0.7
IJJ iShares S&P Mid-Cap 400 Value ETF 2.9 18 35 8.6 +4.0
SMLF iShares U.S. SmallCap Equity Factor ETF 2.9 15 38 5.9 +1.3
CCSO Carbon Collective Climate Solutions US Equity ETF 2.8 35 18 1.0 -3.6
MDYV SPDR S&P 400 Mid Cap Value ETF 2.8 15 38 8.7 +4.1
TPHD Timothy Plan High Dividend Stock ETF 2.8 52 1 7.0 +2.4
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.8 54 -1 7.0 +2.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.8 52 1 7.7 +3.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.8 80 -27 7.7 +3.1
RAYD Rayliant Quantitative Developed Market Equity ETF 2.8 80 -27 4.4 -0.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.8 10 43 8.8 +4.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 2.8 3 50 7.6 +3.0
CFA VictoryShares US 500 Volatility Wtd ETF 2.8 35 18 5.9 +1.3
IWO iShares Russell 2000 Growth ETF 2.8 24 29 1.3 -3.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 2.8 40 13 5.8 +1.2
VIOO Vanguard S&P Small-Cap 600 ETF 2.7 7 46 7.6 +3.0
SFYX SoFi Next 500 ETF 2.7 0 53 5.7 +1.1
FBT First Trust NYSE Arca Biotechnology Index Fund 2.7 56 -3 5.3 +0.7
ALIL Argent Focused Small Cap ETF 2.7 74 -21 6.9 +2.3
VTWG Vanguard Russell 2000 Growth ETF 2.7 10 43 1.4 -3.2
IWP iShares Russell Mid-Cap Growth ETF 2.7 23 30 3.4 -1.2
PSC Principal U.S. Small-Cap ETF 2.7 38 15 6.8 +2.2
JHMM John Hancock Multifactor Mid Cap ETF 2.7 42 11 6.3 +1.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.7 30 23 13.0 +8.4
IWR iShares Russell Midcap ETF 2.7 19 34 5.7 +1.1
IWS iShares Russell Mid-Cap Value ETF 2.7 23 30 6.7 +2.1
RDVY First Trust Rising Dividend Achievers ETF 2.7 50 3 6.8 +2.2
IMCB iShares Morningstar Mid-Cap ETF 2.7 4 49 6.0 +1.4
MAGA Point Bridge America First ETF 2.7 72 -19 5.7 +1.1
VB Vanguard Small-Cap ETF 2.6 5 48 6.1 +1.5
SAMT Strategas Macro Thematic Opportunities ETF 2.6 65 -12 2.8 -1.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 2.6 17 36 5.7 +1.1
FPAG FPA Global Equity ETF 2.6 49 4 5.7 +1.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.6 20 33 4.4 -0.2
OPTZ Optimize Strategy Index ETF 2.6 50 3 4.6 -0.0
FSMD Fidelity Small-Mid Multifactor ETF 2.6 15 38 7.0 +2.4
AFSM First Trust Active Factor Small Cap ETF 2.6 75 -22 7.6 +3.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.6 39 14 5.8 +1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 2.5 60 -7 7.4 +2.8
IDU iShares U.S. Utilities ETF 2.5 40 13 4.7 +0.1
ECML Euclidean Fundamental Value ETF 2.5 95 -42 11.1 +6.5
LVOL American Century Low Volatility ETF 2.5 29 24 4.9 +0.3
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.5 60 -7 4.8 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 2.5 9 44 6.1 +1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.5 15 38 7.9 +3.3
XMLV Invesco S&P MidCap Low Volatility ETF 2.5 25 28 7.5 +2.9
XLI Industrial Select Sector SPDR Fund 2.5 8 45 4.3 -0.3
AVMV Avantis U.S. Mid Cap Value ETF 2.4 20 33 8.6 +4.0
FMDE Fidelity Enhanced Mid Cap ETF 2.4 23 30 5.7 +1.1
SIZE iShares MSCI USA Size Factor ETF 2.4 15 38 6.0 +1.4
EMOT First Trust S&P 500 Economic Moat ETF 2.4 60 -7 7.9 +3.4
FXH First Trust Health Care AlphaDEX Fund 2.4 62 -9 8.6 +4.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.4 46 7 9.9 +5.3
RSP Invesco S&P 500 Equal Weight ETF 2.4 20 33 6.5 +2.0
DFAS Dimensional U.S. Small Cap ETF 2.4 26 27 6.3 +1.8
XHE SPDR S&P Health Care Equipment ETF 2.4 35 18 3.6 -1.0
IYJ iShares U.S. Industrials ETF 2.4 40 13 4.6 -0.0
EUSA iShares MSCI USA Equal Weighted ETF 2.4 9 44 6.1 +1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.4 29 24 8.2 +3.6
SCDV Bahl & Gaynor Small Cap Dividend ETF 2.4 70 -17 4.5 -0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 2.4 70 -17 10.8 +6.2
EZM WisdomTree U.S. MidCap Fund 2.3 38 15 9.0 +4.4
ABLD Abacus FCF Real Assets Leaders ETF 2.3 69 -16 6.7 +2.1
HOMZ Hoya Capital Housing ETF 2.3 30 23 9.3 +4.7
TMFM Motley Fool Mid-Cap Growth ETF 2.3 85 -32 2.6 -2.0
WTV WisdomTree US Value Fund of Benef Interest 2.3 12 41 8.9 +4.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 2.3 14 39 4.8 +0.3
MDCP VictoryShares THB Mid Cap ESG ETF 2.3 55 -2 5.6 +1.0
EVUS iShares ESG Aware MSCI USA Value ETF 2.3 18 35 6.5 +1.9
CAML Congress Large Cap Growth ETF 2.3 66 -13 3.4 -1.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.3 60 -7 9.0 +4.5
ISCB iShares Morningstar Small-Cap ETF 2.3 4 49 6.2 +1.6
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 2.3 15 38 6.6 +2.0
LRGC AB US Large Cap Strategic Equities ETF 2.3 48 5 4.4 -0.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 2.3 35 18 9.0 +4.4
VO Vanguard Mid-Cap ETF 2.3 4 49 5.7 +1.1
VUSE Vident U.S. Equity Strategy ETF 2.2 50 3 4.5 -0.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.2 40 13 7.0 +2.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.2 60 -7 4.6 -0.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.2 20 33 6.2 +1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.2 64 -11 2.2 -2.4
MBOX Freedom Day Dividend ETF 2.2 39 14 7.4 +2.8
ONEO SPDR Russell 1000 Momentum Focus ETF 2.2 20 33 6.9 +2.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.2 35 18 4.2 -0.4
FNDA Schwab Fundamental US Small Co. Index ETF 2.2 25 28 8.2 +3.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 2.2 60 -7 2.0 -2.6
SPMV Invesco S&P 500 Minimum Variance ETF 2.2 10 43 5.4 +0.8
RWK Invesco S&P MidCap 400 Revenue ETF 2.2 39 14 9.3 +4.7
XLV Health Care Select Sector SPDR Fund 2.2 8 45 7.8 +3.2
FRNW Fidelity Clean Energy ETF 2.2 39 14 3.3 -1.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.2 79 -26 4.9 +0.3
ACES ALPS Clean Energy ETF 2.2 55 -2 -3.5 -8.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 2.2 58 -5 -2.3 -6.8
VOLT Tema Electrification ETF 2.2 75 -22 2.8 -1.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.1 58 -5 4.2 -0.4
XLU Utilities Select Sector SPDR Fund 2.1 8 45 5.1 +0.6
DEUS Xtrackers Russell US Multifactor ETF 2.1 17 36 7.0 +2.4
EGUS iShares ESG Aware MSCI USA Growth ETF 2.1 18 35 3.9 -0.7
PTL Inspire 500 ETF 2.1 9 44 5.2 +0.6
IYH iShares U.S. Healthcare ETF 2.1 40 13 7.1 +2.5
GNOM Global X Genomics & Biotechnology ETF 2.1 50 3 -3.0 -7.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 2.1 20 33 5.5 +0.9
NULC Nuveen ESG Large-Cap ETF 2.1 21 32 4.6 +0.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.1 57 -4 3.8 -0.8
QVAL Alpha Architect US Quantitative Value ETF 2.1 39 14 9.7 +5.1
BKSE BNY Mellon US Small Cap Core Equity ETF 2.0 4 49 5.9 +1.3
DSTL Distillate US Fundamental Stability & Value ETF 2.0 39 14 8.2 +3.6
VCLN Virtus Duff & Phelps Clean Energy ETF 2.0 59 -6 5.0 +0.4
CZAR Themes Natural Monopoly ETF 2.0 35 18 5.7 +1.1
ROUS Hartford Multifactor US Equity ETF 2.0 19 34 7.0 +2.4
SAGP Strategas Global Policy Opportunities ETF 2.0 65 -12 5.4 +0.8
FTDS First Trust Dividend Strength ETF 2.0 70 -17 7.5 +2.9
SXQG ETC 6 Meridian Quality Growth ETF 2.0 100 -47 4.6 -0.0
VBK Vanguard Small-Cap Growth ETF 2.0 7 46 1.9 -2.7
CNRG SPDR S&P Kensho Clean Power ETF 2.0 45 8 1.0 -3.6
FMTM MarketDesk Focused U.S. Momentum ETF 2.0 45 8 3.8 -0.8
PSCM Invesco S&P SmallCap Materials ETF 2.0 29 24 12.4 +7.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.0 12 41 7.2 +2.7
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -23 5.1 +0.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.9 20 33 6.8 +2.2
JHSC John Hancock Multifactor Small Cap ETF 1.9 42 11 6.6 +2.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.9 25 28 5.4 +0.8
IBB iShares Biotechnology ETF 1.9 45 8 0.5 -4.1
CHGX AXS Change Finance ESG ETF 1.9 49 4 4.8 +0.2
TMFE Motley Fool Capital Efficiency 100 Index ETF 1.9 50 3 4.2 -0.4
VHT Vanguard Health Care ETF 1.9 9 44 6.2 +1.6
PBD Invesco Global Clean Energy ETF 1.9 75 -22 -0.3 -4.9
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.9 29 24 6.2 +1.6
BLCV iShares Large Cap Value Active ETF 1.9 53 0 7.3 +2.7
WCEO Hypatia Women CEO ETF 1.9 85 -32 3.7 -0.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 1.8 10 43 5.1 +0.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.8 15 38 4.6 +0.0
IGV iShares Expanded Tech-Software Sector ETF 1.8 41 12 2.7 -1.9
HAPS Harbor Human Capital Factor US Small Cap ETF 1.8 60 -7 3.9 -0.7
SSPY Syntax Stratified LargeCap ETF 1.8 30 23 6.7 +2.1
RSSL Global X Russell 2000 ETF 1.8 8 45 4.4 -0.2
BDIV AAM Brentview Dividend Growth ETF 1.8 49 4 4.6 0.0
FELV Fidelity Enhanced Large Cap Value ETF 1.8 18 35 6.7 +2.1
FESM Fidelity Enhanced Small Cap ETF 1.8 28 25 7.2 +2.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.8 65 -12 6.4 +1.8
IWM iShares Russell 2000 ETF 1.7 19 34 4.3 -0.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.7 38 15 9.2 +4.6
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.7 35 18 7.1 +2.5
ISMD Inspire Small/Mid Cap ETF 1.7 54 -1 5.5 +0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.7 39 14 5.3 +0.7
VTWO Vanguard Russell 2000 ETF 1.7 7 46 4.3 -0.3
BKWO BNY Mellon Women's Opportunities ETF 1.7 50 3 3.6 -1.0
VXF Vanguard Extended Market ETF 1.7 5 48 4.7 +0.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.7 79 -26 4.5 -0.1
PEXL Pacer US Export Leaders ETF 1.7 60 -7 4.5 -0.1
VSDA VictoryShares Dividend Accelerator ETF 1.7 35 18 7.0 +2.4
SMMD iShares Russell 2500 ETF 1.7 15 38 6.1 +1.5
PRXV Praxis Impact Large Cap Value ETF 1.7 36 17 6.5 +1.9
SCHA Schwab U.S. Small-Cap ETF 1.7 4 49 5.9 +1.3
USRD Themes US R&D Champions ETF 1.6 29 24 4.5 -0.1
DFSU Dimensional US Sustainability Core 1 ETF 1.6 18 35 5.3 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 4 5.8 +1.2
VIG Vanguard Dividend Appreciation ETF 1.6 5 48 5.6 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 33 6.2 +1.6
SWP SWP Growth & Income ETF 1.6 99 -46 4.1 -0.5
AFLG First Trust Active Factor Large Cap ETF 1.6 55 -2 6.3 +1.7
ESGU iShares ESG Aware MSCI USA ETF 1.6 15 38 4.7 +0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.6 24 29 8.1 +3.5
SIXL ETC 6 Meridian Low Beta Equity ETF 1.6 80 -27 6.1 +1.5
LCLG Logan Capital Broad Innovative Growth ETF 1.5 99 -46 3.9 -0.7
KOMP SPDR S&P Kensho New Economies Composite ETF 1.5 20 33 2.5 -2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 1.5 59 -6 2.7 -1.9
IXJ iShares Global Healthcare ETF 1.5 42 11 7.3 +2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.5 12 41 5.2 +0.6
FBCV Fidelity Blue Chip Value ETF 1.5 59 -6 7.4 +2.8
FHLC Fidelity MSCI Health Care Index ETF 1.5 8 45 6.4 +1.8
QUAL iShares MSCI USA Quality Factor ETF 1.5 15 38 5.4 +0.8
SRHQ SRH U.S. Quality ETF 1.5 35 18 7.6 +3.0
DUHP Dimensional US High Profitability ETF 1.5 21 32 6.3 +1.7
LRGF iShares U.S. Equity Factor ETF 1.5 8 45 5.4 +0.8
FPX First Trust US Equity Opportunities ETF 1.5 61 -8 1.0 -3.6
HLAL Wahed FTSE USA Shariah ETF 1.5 50 3 4.7 +0.1
GVLU Gotham 1000 Value ETF 1.5 50 3 8.9 +4.3
EMIF iShares Emerging Markets Infrastructure ETF 1.5 60 -7 5.0 +0.4
KRMA Global X Conscious Companies ETF 1.5 43 10 5.8 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 1.5 9 44 5.2 +0.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.5 68 -15 2.4 -2.2
JQUA JPMorgan U.S. Quality Factor ETF 1.5 12 41 5.8 +1.3
TMFG Motley Fool Global Opportunities ETF 1.5 85 -32 3.9 -0.7
USMV iShares MSCI USA Min Vol Factor ETF 1.5 15 38 5.8 +1.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 14 11.0 +6.4
HAPY Harbor Human Capital Factor Unconstrained ETF 1.5 50 3 5.6 +1.0
DXUV Dimensional US Vector Equity ETF 1.5 28 25 6.2 +1.6
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.5 43 10 6.1 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 1.4 20 33 9.4 +4.8
THRO iShares U.S. Thematic Rotation Active ETF 1.4 90 -37 4.0 -0.6
GQI Natixis Gateway Quality Income ETF 1.4 34 19 5.0 +0.4
JXI iShares Global Utilities ETF 1.4 43 10 5.9 +1.3
PY Principal Value ETF 1.4 15 38 7.1 +2.6
VFMF Vanguard U.S. Multifactor ETF 1.4 18 35 7.9 +3.3
JHML John Hancock Multifactor Large Cap ETF 1.4 29 24 5.3 +0.7
TTAC FCF US Quality ETF 1.4 59 -6 6.2 +1.7
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 47 9.2 +4.6
DFAC Dimensional U.S. Core Equity 2 ETF 1.4 17 36 5.5 +0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.4 18 35 7.7 +3.1
VALQ American Century U.S. Quality Value ETF 1.4 29 24 7.7 +3.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.4 35 18 5.3 +0.7
EXI iShares Global Industrials ETF 1.4 42 11 4.5 -0.1
DSI iShares MSCI KLD 400 Social ETF 1.4 25 28 4.8 +0.2
HELX Franklin Genomic Advancements ETF 1.4 50 3 -0.2 -4.8
USXF iShares ESG Advanced MSCI USA ETF 1.4 10 43 4.5 -0.1
PFM Invesco Dividend Achievers ETF 1.3 53 0 5.3 +0.7
STXD Strive 1000 Dividend Growth ETF 1.3 35 18 4.8 +0.2
RSPT Invesco S&P 500 Equal Weight Technology ETF 1.3 40 13 5.6 +1.0
FDLO Fidelity Low Volatility Factor ETF 1.3 15 38 5.4 +0.8
DCOR Dimensional US Core Equity 1 ETF 1.3 14 39 5.3 +0.8
GVUS Marketbeta Russell 1000 Value Equity ETF 1.3 12 41 6.5 +1.9
BLES Inspire Global Hope ETF 1.3 61 -8 6.8 +2.2
PBW Invesco WilderHill Clean Energy ETF 1.3 66 -13 -3.7 -8.3
IJS iShares S&P Small-Cap 600 Value ETF 1.3 18 35 9.7 +5.1
TMFX Motley Fool Next Index ETF 1.3 50 3 2.6 -2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 1.3 71 -18 0.5 -4.1
SNPV Xtrackers S&P 500 Value ESG ETF 1.3 15 38 6.7 +2.1
IUSV iShares Core S&P US Value ETF 1.3 4 49 6.4 +1.8
BUL Pacer US Cash Cows Growth ETF 1.3 60 -7 6.6 +2.0
IWD iShares Russell 1000 Value ETF 1.3 19 34 6.4 +1.8
VFMV Vanguard U.S. Minimum Volatility ETF 1.3 13 40 5.7 +1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 1.3 10 43 4.9 +0.3
NUDV Nuveen ESG Dividend ETF 1.3 26 27 7.6 +3.0
QUVU Hartford Quality Value ETF 1.3 46 7 7.3 +2.7
STXK Strive Small-Cap ETF 1.2 18 35 5.8 +1.2
DFUV Dimensional US Marketwide Value ETF 1.2 22 31 7.5 +2.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 1.2 15 38 4.9 +0.3
SLYV SPDR S&P 600 Small Cap Value ETF 1.2 15 38 9.7 +5.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.2 10 43 9.7 +5.2
JMOM JPMorgan U.S. Momentum Factor ETF 1.2 12 41 4.5 -0.1
VOOV Vanguard S&P 500 Value ETF 1.2 7 46 6.3 +1.7
IVE iShares S&P 500 Value ETF 1.2 18 35 6.1 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 1.2 4 49 6.3 +1.7
VONV Vanguard Russell 1000 Value ETF 1.2 7 46 6.5 +1.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 1.2 9 44 4.9 +0.3
PRN Invesco Dorsey Wright Industrials Momentum ETF 1.2 60 -7 3.5 -1.1
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 -8 5.9 +1.3
FELC Fidelity Enhanced Large Cap Core ETF 1.2 18 35 5.2 +0.6
DGRW WisdomTree US Quality Dividend Growth Fund 1.2 28 25 5.4 +0.8
XMMO Invesco S&P MidCap Momentum ETF 1.2 34 19 5.6 +1.0
IVRA Invesco Real Assets ESG ETF 1.2 59 -6 6.3 +1.7
AVUV Avantis U.S. Small Cap Value ETF 1.2 25 28 9.7 +5.1
AGRW Allspring LT Large Growth ETF 1.2 35 18 3.5 -1.1
FLDZ RiverNorth Patriot ETF 1.2 75 -22 6.1 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 1.1 45 8 4.4 -0.2
SIXS ETC 6 Meridian Small Cap Equity ETF 1.1 89 -36 9.6 +5.0
OALC OneAscent Large Cap Core ETF 1.1 86 -33 4.1 -0.5
QGRO American Century U.S. Quality Growth ETF 1.1 29 24 3.5 -1.1
IQRA IQ CBRE Real Assets ETF 1.1 65 -12 5.7 +1.1
SURE AdvisorShares Insiders Advantage ETF 1.1 90 -37 9.5 +4.9
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 67 -14 9.8 +5.2
LIVR Intelligent Livermore ETF 1.1 69 -16 5.4 +0.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.1 6 47 8.0 +3.4
ZECP Zacks Earnings Consistent Portfolio ETF 1.1 55 -2 4.8 +0.2
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.1 25 28 11.1 +6.5
FUNL CornerCap Fundametrics Large-Cap ETF 1.1 50 3 7.2 +2.6
DFVX Dimensional US Large Cap Vector ETF 1.1 22 31 6.2 +1.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 1.1 19 34 5.3 +0.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 6 5.8 +1.2
USMF WisdomTree U.S. Multifactor Fund 1.1 28 25 7.0 +2.4
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.0 12 41 5.7 +1.1
RCGE RockCreek Global Equality ETF 1.0 95 -42 6.7 +2.1
SUSL iShares ESG MSCI USA Leaders ETF 1.0 10 43 4.9 +0.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 1.0 7 46 5.1 +0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.0 25 28 5.9 +1.3
FEX First Trust Large Cap Core AlphaDEX Fund 1.0 59 -6 5.8 +1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 33 5.6 +1.1
DFAU Dimensional US Core Equity Market ETF 1.0 12 41 5.0 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 1.0 4 49 6.7 +2.1
DTEC ALPS Disruptive Technologies ETF 1.0 50 3 3.9 -0.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 1.0 8 45 4.9 +0.4
RNSC Furst Trust Small Cap US Equity Select ETF 1.0 60 -7 5.8 +1.3
FLRG Fidelity U.S. Multifactor ETF 1.0 15 38 6.9 +2.3
SHE SPDR MSCI USA Gender Diversity ETF 1.0 20 33 5.0 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 1.0 15 38 5.7 +1.1
ILCG iShares Morningstar Growth ETF 1.0 4 49 3.6 -1.0
DEEP Roundhill Acquirers Deep Value ETF 1.0 80 -27 17.0 +12.4
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.0 55 -2 9.9 +5.3
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 18 4.8 +0.2
STXG Strive 1000 Growth ETF 1.0 18 35 3.8 -0.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.0 9 44 4.2 -0.4
AVSU Avantis Responsible U.S. Equity ETF 0.9 15 38 6.0 +1.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.9 49 4 4.7 +0.1
DGRO iShares Core Dividend Growth ETF 0.9 8 45 6.5 +1.9
FQAL Fidelity Quality Factor ETF 0.9 15 38 5.6 +1.1
SPHQ Invesco S&P 500 Quality ETF 0.9 15 38 5.5 +0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.9 39 14 9.6 +5.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.9 35 18 5.1 +0.5
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 24 4.7 +0.1
EQIN Columbia US Equity Income ETF 0.9 35 18 6.9 +2.3
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.9 60 -7 9.4 +4.8
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.9 25 28 5.3 +0.7
ECLN First Trust EIP Carbon Impact ETF 0.9 96 -43 4.0 -0.6
VAMO Cambria Value & Momentum ETF 0.9 61 -8 5.8 +1.2
DFUS Dimensional U.S. Equity ETF 0.9 9 44 4.8 +0.2
XPND First Trust Expanded Technology ETF 0.9 65 -12 3.9 -0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.9 11 42 4.9 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.9 9 44 4.9 +0.3
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF 0.9 49 4 5.8 +1.2
ACVF American Conservative Values ETF 0.9 75 -22 4.3 -0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 -5 4.7 +0.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.9 49 4 11.2 +6.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.9 9 44 5.5 +0.9
IQM Franklin Intelligent Machines ETF 0.9 50 3 2.0 -2.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.9 75 -22 5.3 +0.7
SGLC SGI U.S. Large Cap Core ETF 0.9 85 -32 4.0 -0.6
HDUS Hartford Disciplined US Equity ETF 0.9 19 34 5.7 +1.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.8 3 50 5.1 +0.5
CCMG CCM Global Equity ETF 0.8 34 19 8.4 +3.8
APUE ActivePassive U.S. Equity ETF 0.8 45 8 4.6 0.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.8 25 28 7.8 +3.2
KNO AXS Knowledge Leaders ETF 0.8 78 -25 6.0 +1.4
DTD WisdomTree U.S. Total Dividend Fund 0.8 28 25 6.3 +1.7
DSPY Tema S&P 500 Historical Weight ETF 0.8 18 35 5.1 +0.5
SVAL iShares US Small Cap Value Factor ETF 0.8 20 33 10.2 +5.6
JVAL JPMorgan U.S. Value Factor ETF 0.8 12 41 8.1 +3.5
XT iShares Exponential Technologies ETF 0.8 46 7 4.9 +0.4
VTI Vanguard Total Stock Market ETF 0.8 3 50 4.9 +0.3
DFLV Dimensional US Large Cap Value ETF 0.8 22 31 7.7 +3.1
FLAG Global X S&P 500 U.S. Market Leaders Top 50 ETF 0.8 29 24 6.6 +2.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 28 5.6 +1.0
IWV iShares Russell 3000 ETF 0.8 20 33 4.7 +0.1
VTHR Vanguard Russell 3000 ETF 0.8 7 46 4.8 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.8 3 50 4.9 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.8 29 24 4.6 +0.0
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 14 9.6 +5.0
PBUS Invesco MSCI USA ETF 0.8 4 49 4.8 +0.2
PRXG Praxis Impact Large Cap Growth ETF 0.8 36 17 3.6 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.8 2 51 4.9 +0.3
SNPE Xtrackers S&P 500 ESG ETF 0.8 10 43 5.1 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 23 5.9 +1.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.8 11 42 5.1 +0.5
IYY iShares Dow Jones U.S. ETF 0.8 20 33 4.8 +0.2
HLGE Hartford Longevity Economy ETF 0.8 44 9 -0.4 -5.0
AVSC Avantis U.S Small Cap Equity ETF 0.8 25 28 5.5 +1.0
VONE Vanguard Russell 1000 ETF 0.8 7 46 4.9 +0.3
IWB iShares Russell 1000 ETF 0.8 15 38 4.8 +0.2
SCHB Schwab U.S. Broad Market ETF 0.8 3 50 5.0 +0.4
AVUS Avantis U.S. Equity ETF 0.8 15 38 5.7 +1.1
VOTE TCW Transform 500 ETF 0.8 5 48 4.8 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.8 9 44 4.8 +0.2
YALL God Bless America ETF 0.8 65 -12 3.6 -1.0
VSLU Applied Finance Valuation Large Cap ETF 0.8 49 4 5.6 +1.0
SCHK Schwab 1000 Index ETF 0.8 5 48 5.0 +0.4
TXS Texas Capital Texas Equity Index ETF 0.8 49 4 5.6 +1.0
XVV iShares ESG Screened S&P 500 ETF 0.7 8 45 4.8 +0.2
EES WisdomTree U.S. SmallCap Fund 0.7 38 15 8.6 +4.1
VUG Vanguard Growth ETF 0.7 4 49 4.0 -0.6
VOE Vanguard Mid-Cap Value ETF 0.7 7 46 7.6 +3.0
EBI Longview Advantage ETF 0.7 35 18 6.5 +1.9
KLMN Invesco MSCI North America Climate ETF 0.7 9 44 4.9 +0.4
REVS Columbia Research Enhanced Value ETF 0.7 19 34 7.5 +3.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.7 75 -22 4.0 -0.6
XSW SPDR S&P Software & Services ETF 0.7 35 18 2.2 -2.4
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 73 -20 10.5 +5.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 29 24 6.4 +1.8
SCHX Schwab U.S. Large-Cap ETF 0.7 3 50 4.9 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.7 0 53 4.9 +0.3
IUS Invesco RAFI Strategic US ETF 0.7 19 34 6.9 +2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.7 20 33 4.7 +0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.7 25 28 7.2 +2.6
STXV Strive 1000 Value ETF 0.7 18 35 8.0 +3.4
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 40 3.0 -1.6
STRV Strive 500 ETF 0.7 5 48 4.8 +0.2
DIVG Invesco S&P 500 High Dividend Growers ETF 0.7 39 14 8.3 +3.8
IVV iShares Core S&P 500 ETF 0.7 3 50 4.9 +0.3
SPY SPDR S&P 500 ETF Trust 0.7 9 44 4.9 +0.3
VOO Vanguard S&P 500 ETF 0.7 3 50 5.0 +0.4
SPLG SPDR Portfolio S&P 500 ETF 0.7 2 51 4.9 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 14 6.8 +2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.7 7 46 4.8 +0.2
FTEC Fidelity MSCI Information Technology Index ETF 0.7 8 45 3.9 -0.7
IWN iShares Russell 2000 Value ETF 0.7 24 29 7.3 +2.7
LST Leuthold Select Industries ETF 0.7 91 -38 5.1 +0.5
ILCB iShares Morningstar U.S. Equity ETF 0.7 3 50 4.8 +0.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.7 18 35 4.6 0.0
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 44 4.7 +0.1
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 33 4.1 -0.5
PID Invesco International Dividend Achievers ETF 0.6 53 0 5.5 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 0.6 12 41 7.4 +2.8
VTWV Vanguard Russell 2000 Value ETF 0.6 10 43 7.3 +2.7
ITAN Sparkline Intangible Value ETF 0.6 50 3 6.6 +2.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 44 5.2 +0.6
QQQ Invesco QQQ Trust Series I 0.6 20 33 4.1 -0.5
QQQM Invesco NASDAQ 100 ETF 0.6 15 38 4.1 -0.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.6 49 4 3.8 -0.8
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 28 5.4 +0.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.6 32 21 4.9 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.6 20 33 5.0 +0.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.6 12 41 4.5 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.6 9 44 4.6 +0.0
VV Vanguard Large-Cap ETF 0.6 4 49 4.8 +0.2
AVUQ Avantis U.S. Quality ETF 0.6 15 38 4.4 -0.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.6 29 24 4.4 -0.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.6 25 28 7.2 +2.6
IWX iShares Russell Top 200 Value ETF 0.6 20 33 6.2 +1.6
RAFE PIMCO RAFI ESG U.S. ETF 0.6 29 24 7.1 +2.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.6 15 38 4.7 +0.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 -7 3.6 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.6 12 41 4.5 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.6 19 34 6.3 +1.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 33 4.6 0.0
XLK Technology Select Sector SPDR Fund 0.5 8 45 4.5 -0.1
MODL VictoryShares WestEnd U.S. Sector ETF 0.5 42 11 4.6 -0.0
TOK iShares MSCI Kokusai ETF 0.5 26 27 5.0 +0.4
EMLP First Trust North American Energy Infrastructure Fund 0.5 95 -42 5.2 +0.7
SFY SoFi Select 500 ETF 0.5 0 53 4.4 -0.2
EPS WisdomTree U.S. LargeCap Fund 0.5 8 45 5.7 +1.1
RVRB Reverb ETF 0.5 30 23 4.5 -0.1
GSPY Gotham Enhanced 500 ETF 0.5 50 3 5.2 +0.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 59 -6 8.9 +4.3
VGT Vanguard Information Technology ETF 0.5 9 44 3.9 -0.7
VTV Vanguard Value ETF 0.5 4 49 6.9 +2.3
VEGN US Vegan Climate ETF 0.5 60 -7 4.5 -0.1
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.5 38 15 9.7 +5.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.5 36 17 4.8 +0.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.5 4 49 4.0 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 0.5 28 25 5.9 +1.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -22 3.7 -0.9
VT Vanguard Total World Stock ETF 0.5 6 47 5.9 +1.3
PDP Invesco Dorsey Wright Momentum ETF 0.5 62 -9 3.9 -0.7
URTH iShares MSCI World ETF 0.5 24 29 5.1 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 43 5.7 +1.1
RNIN Bushido Capital US SMID Cap Equity ETF 0.5 70 -17 10.3 +5.7
SNPG Xtrackers S&P 500 Growth ESG ETF 0.5 15 38 4.5 -0.1
GLOF iShares Global Equity Factor ETF 0.5 20 33 6.5 +1.9
GOP Unusual Whales Subversive Republican Trading ETF 0.5 50 3 5.5 +0.9
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 33 -4.2 -8.8
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 25 4.2 -0.4
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 38 7.7 +3.1
DURA VanEck Durable High Dividend ETF 0.5 29 24 8.5 +3.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.5 49 4 4.8 +0.2
FCPI Fidelity Stocks for Inflation ETF 0.5 15 38 7.5 +3.0
ACWI iShares MSCI ACWI ETF 0.5 32 21 5.5 +1.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 3 5.5 +0.9
IGM iShares Expanded Tech Sector ETF 0.4 41 12 3.9 -0.7
TMFC Motley Fool 100 Index ETF 0.4 50 3 3.5 -1.1
HART IQ Healthy Hearts ETF 0.4 45 8 6.6 +2.0
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 25 9.2 +4.6
RWL Invesco S&P 500 Revenue ETF 0.4 39 14 6.8 +2.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -42 0.5 -4.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 32 3.7 -0.9
IYW iShares U.S. Technology ETF 0.4 40 13 3.8 -0.8
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 3 8.1 +3.5
INRO iShares U.S. Industry Rotation Active ETF 0.4 42 11 4.2 -0.4
IUSG iShares Core S&P U.S. Growth ETF 0.4 4 49 4.2 -0.4
FDWM Fidelity Women's Leadership ETF 0.4 59 -6 4.8 +0.2
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 -6 4.3 -0.3
GINN Goldman Sachs Innovate Equity ETF 0.4 52 1 3.7 -0.9
VYM Vanguard High Dividend Yield Index ETF 0.3 6 47 7.0 +2.4
SEIQ SEI Enhanced U.S. Large Cap Quality Factor ETF 0.3 15 38 7.5 +3.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 26 7.0 +2.4
MGV Vanguard Mega Cap Value ETF 0.3 7 46 6.6 +2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 44 5.7 +1.1
MGK Vanguard Mega Cap Growth ETF 0.3 7 46 4.1 -0.5
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -17 8.2 +3.6
RECS Columbia Research Enhanced Core ETF 0.3 15 38 5.6 +1.1
IWF iShares Russell 1000 Growth ETF 0.3 19 34 4.4 -0.2
VONG Vanguard Russell 1000 Growth ETF 0.3 7 46 4.4 -0.2
FXL First Trust Technology AlphaDEX Fund 0.3 61 -8 5.4 +0.8
IXN iShares Global Tech ETF 0.3 41 12 3.6 -1.0
ILCV iShares Morningstar Value ETF 0.3 4 49 6.4 +1.9
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -12 4.1 -0.5
COWZ Pacer US Cash Cows 100 ETF 0.3 49 4 9.3 +4.7
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 14 8.6 +4.0
IGF iShares Global Infrastructure ETF 0.3 41 12 4.7 +0.1
GII SPDR S&P Global Infrastructure ETF 0.3 40 13 4.7 +0.1
MGC Vanguard Mega Cap ETF 0.3 7 46 4.6 +0.0
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.3 8 45 5.8 +1.2
CLNR IQ Cleaner Transport ETF 0.3 45 8 6.6 +2.0
FDMO Fidelity Momentum Factor ETF 0.3 15 38 3.6 -1.0
IWL iShares Russell Top 200 ETF 0.3 15 38 4.6 +0.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.3 18 35 4.6 +0.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.3 33 20 8.8 +4.2
EIPI FT Energy Income Partners Enhanced Income ETF 0.3 110 -57 6.3 +1.7
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.3 48 5 6.0 +1.4
EIPX FT Energy Income Partners Strategy ETF 0.3 95 -42 7.5 +2.9
IVW iShares S&P 500 Growth ETF 0.2 18 35 4.0 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 49 4.1 -0.5
VOOG Vanguard S&P 500 Growth ETF 0.2 7 46 4.1 -0.5
DIVB iShares Core Dividend ETF 0.2 5 48 8.0 +3.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 38 5.3 +0.7
VFVA Vanguard U.S. Value Factor ETF 0.2 13 40 10.8 +6.2
QDEF FlexShares Quality Dividend Defensive Index Fund 0.2 37 16 6.0 +1.4
SPMO Invesco S&P 500 Momentum ETF 0.2 13 40 3.6 -1.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 48 7.9 +3.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 -7 3.9 -0.7
RND First Trust Bloomberg R&D Leaders ETF 0.2 60 -7 3.6 -1.0
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -6 2.8 -1.8
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 28 7.3 +2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.2 32 21 6.0 +1.4
DEW WisdomTree Global High Dividend Fund 0.2 58 -5 8.4 +3.8
QLV FlexShares US Quality Low Volatility Index Fund 0.2 22 31 5.6 +1.0
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 26 8.7 +4.1
DIHP Dimensional International High Profitability ETF 0.1 29 24 7.2 +2.6
ROSC Hartford Multifactor Small Cap ETF 0.1 34 19 9.2 +4.6
SQLV Royce Quant Small-Cap Quality Value ETF 0.1 60 -7 9.2 +4.6
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 29 6.3 +1.8
APIE ActivePassive International Equity ETF 0.1 45 8 7.6 +3.0
DFIS Dimensional International Small Cap ETF 0.1 39 14 7.3 +2.7
AVDS Avantis International Small Cap Equity ETF 0.1 30 23 7.3 +2.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 20 8.8 +4.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 11 5.4 +0.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 0 7.9 +3.3
IEDI iShares U.S. Consumer Focused ETF 0.1 18 35 5.3 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 14 6.7 +2.1
IWY iShares Russell Top 200 Growth ETF 0.1 20 33 4.5 -0.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 30 7.4 +2.8
DXIV Dimensional International Vector Equity ETF 0.1 34 19 7.8 +3.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 8 8.8 +4.3
DHS WisdomTree U.S. High Dividend Fund 0.1 38 15 8.0 +3.4
AVSD Avantis Responsible International Equity ETF 0.1 23 30 5.7 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 12 8.7 +4.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 35 7.1 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 15 9.3 +4.7
AVDE Avantis International Equity ETF 0.0 23 30 7.4 +2.8
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 18 9.4 +4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 23 7.9 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 23 9.2 +4.7
PINK Simplify Health Care ETF 0.0 50 3 1.0 -3.6
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 46 10.3 +5.7
VXUS Vanguard Total International Stock ETF 0.0 5 48 7.9 +3.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 First Trust Water 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 17.6 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.59
 
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.