Grayscale Future of Finance ETF
ALTAR
Score™		 -0.7% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 95.6x P/Sales
ratio		 3.1x
P/BV
ratio		 3.3x Div.
yield		 0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GFOF is passively managed to track a market cap-weighted index of global stocks identified as shaping the Future of Finance.

FUND BASICS
Category Global Equities
Fund Sponsor Digital Currency Group, Inc.
Website grayscale.com/gfof/
Inception date Feb 01, 2022
Assets (mns) $10
Currency USD
Expense ratio 70 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 21
Wgt avg mkt cap (mns) $16,288
Large cap (>$10bn) 30.6%
Mid cap ($2-10bn) 12.2%
Small cap (<$2bn) 57.3%
Developed mkts 97.9%
Emerging mkts 2.1%

TOP TEN HOLDINGS
COINBASE GLOBAL, INC. CLASS A 10.1 %
ROBINHOOD MARKETS, INC. CLASS A 7.8 %
MARATHON DIGITAL HOLDINGS INC 7.1 %
BLOCK INC. 6.9 %
PAYPAL HOLDINGS INC 6.5 %
HUT 8 MINING CORP. 6.1 %
CIPHER MINING INC 5.9 %
TERAWULF INC. 4.9 %
RIOT BLOCKCHAIN INC 4.8 %
GALAXY DIGITAL HOLDINGS LTD. 4.5 %
Total 64.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.5 %
CANADA 9.1 %
AUSTRALIA 3.7 %
JAPAN 3.6 %
GERMANY 3.1 %
ISRAEL 2.4 %
CHINA 2.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 79.6% -- -- -7.9%

Market Correlations
versus... Beta R-squared
S&P500 2.63 47%
MSCI EAFE 2.00 28%
MSCI Emg. Mkts. 1.76 22%

Technical Indicators
Recent close $25.98
30d moving avg. $19.43
Annualized volatility 67.9%
Short interest (ETF) 1.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 1.00%
ADV underlying (mns) $5,818

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 433 potential alternatives to the Grayscale Future of Finance ETF ETF based on the alternatives' overlap in portfolio holdings with GFOF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GFOF Expense: 70 bp ALTAR Score™: -0.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GFOF
Ticker Fund
Name		 Overlap1
vs GFOF
(%)		 Expense
ratio
(bp)		 Savings
vs GFOF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GFOF
(%)
DAPP VanEck Digital Transformation ETF 59.9 50 20 -2.9 -2.2
BKCH Global X Blockchain ETF 58.5 50 20 -2.8 -2.1
BITQ Bitwise Crypto Industry Innovators ETF 57.3 85 -15 -1.9 -1.2
IBLC iShares Blockchain and Tech ETF 49.5 47 23 -1.7 -1.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 47.5 39 31 -1.7 -0.9
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 45.1 85 -15 -0.3 +0.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 41.2 61 9 -2.4 -1.7
WGMI Valkyrie Bitcoin Miners ETF 39.5 75 -5 -6.3 -5.6
BLOK Amplify Transformational Data Sharing ETF 36.8 75 -5 0.0 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 36.3 68 2 2.1 +2.8
BWEB Bitwise Web3 ETF 32.6 85 -15 0.7 +1.4
STCE Schwab Crypto Thematic ETF 23.2 30 40 -1.6 -0.9
ARKF ARK Fintech Innovation ETF 22.6 75 -5 -0.4 +0.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 22.3 61 9 1.2 +1.9
FINX Global X FinTech ETF 20.1 68 2 2.6 +3.3
ARKK ARK Innovation ETF 19.6 75 -5 -3.2 -2.5
ARKW ARK Next Generation Internet ETF 17.5 87 -17 -0.7 +0.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 16.9 75 -5 4.7 +5.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 15.5 65 5 1.6 +2.4
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 10.0 40 30 4.3 +5.0
LOUP Innovator Deepwater Frontier Tech ETF 9.1 70 0 1.3 +2.0
BUZZ VanEck Social Sentiment ETF 7.6 75 -5 0.3 +1.0
JFWD Jacob Forward ETF 7.2 75 -5 0.0 +0.7
IPO Renaissance IPO ETF 7.1 60 10 -4.3 -3.6
BPAY BlackRock Future Financial and Technology ETF 6.4 70 0 8.2 +8.9
MVPS Amplify Thematic All-Stars ETF 6.1 49 21 2.7 +3.4
MILN Global X Millennial Consumer ETF 6.1 50 20 2.6 +3.3
TIME Clockwise Core Equity & Innovation ETF 5.9 95 -25 2.3 +3.0
BCDF Horizon Kinetics Blockchain Development ETF 5.8 85 -15 3.9 +4.6
DARP Grizzle Growth ETF 5.7 75 -5 3.3 +4.0
SFYF SoFi Social 50 ETF 5.7 29 41 -2.2 -1.5
KOMP SPDR S&P Kensho New Economies Composite ETF 5.4 20 50 1.0 +1.7
XSW SPDR S&P Software & Services ETF 5.2 35 35 1.5 +2.2
KCE SPDR S&P Capital Markets ETF 4.8 35 35 5.9 +6.6
FDN First Trust Dow Jones Internet Index Fund 4.7 52 18 3.2 +3.9
FDND FT Vest Dow Jones Internet & Target Income ETF 4.7 75 -5 3.0 +3.7
PNQI Invesco NASDAQ Internet ETF 4.6 60 10 2.3 +3.0
FDFF Fidelity Disruptive Finance ETF 4.4 50 20 4.1 +4.8
BOUT Innovator IBD Breakout Opportunities ETF 4.3 81 -11 3.6 +4.3
PSCT Invesco S&P SmallCap Information Technology ETF 4.1 29 41 4.9 +5.6
MVPA Miller Value Partners Appreciation ETF 4.0 60 10 10.4 +11.1
RVER Trenchless Fund ETF 3.6 65 5 2.9 +3.6
AOTG AOT Growth and Innovation ETF 3.4 75 -5 3.1 +3.8
LGRO Level Four Large Cap Growth Active ETF 3.4 55 15 4.3 +5.0
FFTY Innovator IBD 50 ETF 3.3 80 -10 -0.6 +0.1
WCLD WisdomTree Cloud Computing Fund 3.2 45 25 1.5 +2.2
FPX First Trust US Equity Opportunities ETF 3.0 61 9 1.5 +2.2
PKW Invesco Buyback Achievers ETF 2.9 62 8 6.4 +7.1
PFI Invesco Dorsey Wright Financial Momentum ETF 2.8 60 10 5.0 +5.7
LYLD Cambria Large Cap Shareholder Yield ETF 2.7 59 11 9.1 +9.8
IBUY Amplify Online Retail ETF 2.7 65 5 1.4 +2.1
VOT Vanguard Mid-Cap Growth ETF 2.7 7 63 3.4 +4.1
SMCP AlphaMark Actively Managed Small Cap ETF 2.7 90 -20 3.9 +4.6
VFH Vanguard Financials ETF 2.6 10 60 5.7 +6.4
DTCR Global X Data Center & Digital Infrastructure ETF 2.5 50 20 4.7 +5.4
DTEC ALPS Disruptive Technologies ETF 2.4 50 20 3.7 +4.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.4 20 50 5.2 +5.9
WISE Themes Generative Artificial Intelligence ETF 2.4 35 35 0.5 +1.2
IWP iShares Russell Mid-Cap Growth ETF 2.3 23 47 3.1 +3.8
GINN Goldman Sachs Innovate Equity ETF 2.3 52 18 2.8 +3.5
IMCG iShares Morningstar Mid-Cap Growth ETF 2.2 6 64 4.0 +4.7
FNCL Fidelity MSCI Financials Index ETF 2.1 8 62 5.6 +6.3
FTGS First Trust Growth Strength ETF 2.1 60 10 5.4 +6.1
SMRI Bushido Capital US Equity ETF 2.1 71 -1 7.7 +8.4
ITAN Sparkline Intangible Value ETF 2.0 50 20 5.9 +6.6
VXF Vanguard Extended Market ETF 2.0 6 64 3.5 +4.2
IYJ iShares U.S. Industrials ETF 1.9 40 30 4.5 +5.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.9 60 10 4.6 +5.4
NUMV Nuveen ESG Mid-Cap Value ETF 1.9 31 39 6.6 +7.4
BGAIX Baron Global Advantage 1.9 75 -5 0.6 +1.3
YALL God Bless America ETF 1.9 65 5 3.2 +3.9
CHGX AXS Change Finance ESG ETF 1.8 49 21 5.3 +6.0
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.8 35 35 9.8 +10.5
LCLG Logan Capital Broad Innovative Growth ETF 1.8 99 -29 4.6 +5.3
FMDE Fidelity Enhanced Mid Cap ETF 1.7 23 47 6.0 +6.7
OCFS Otter Creek Focus Strategy ETF 1.6 85 -15 4.5 +5.2
XITK SPDR FactSet Innovative Technology ETF 1.6 45 25 2.2 +2.9
TRFM AAM Transformers ETF 1.6 49 21 2.0 +2.7
ITEQ BlueStar Israel Technology ETF 1.6 75 -5 1.2 +1.9
FDG American Century Focused Dynamic Growth ETF 1.6 45 25 2.6 +3.3
SMOT VanEck Morningstar SMID Moat ETF 1.6 49 21 5.8 +6.6
BFTHX Baron Fifth Avenue Growth Retail 1.6 75 -5 1.7 +2.4
XPND First Trust Expanded Technology ETF 1.6 65 5 4.5 +5.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 5 8.2 +8.9
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.5 40 30 6.2 +6.9
FTC First Trust Large Cap Growth AlphaDEX Fund 1.5 59 11 2.4 +3.1
BFIIX Baron FinTech 1.5 75 -5 3.4 +4.1
CACG ClearBridge All Cap Growth ESG ETF 1.5 54 16 3.7 +4.4
LRGE ClearBridge Large Cap Growth ESG ETF 1.5 59 11 3.5 +4.2
METV Roundhill Ball Metaverse ETF 1.4 59 11 3.4 +4.1
SRHQ SRH U.S. Quality ETF 1.4 35 35 7.7 +8.4
DFNV Donoghue Forlines Innovation ETF 1.4 69 1 4.7 +5.4
IYF iShares U.S. Financials ETF 1.4 40 30 5.4 +6.1
IYG iShares US Financial Services ETF 1.4 40 30 5.0 +5.7
SYLD Cambria Shareholder Yield ETF 1.4 59 11 10.9 +11.6
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.3 80 -10 5.8 +6.5
VAMO Cambria Value & Momentum ETF 1.3 61 9 8.2 +8.9
ISHP First Trust Nasdaq Retail ETF 1.3 60 10 2.9 +3.6
XLF Financial Select Sector SPDR Fund 1.3 9 61 5.3 +6.0
EQUL IQ Engender Equality ETF 1.3 45 25 5.7 +6.4
DSTL Distillate US Fundamental Stability & Value ETF 1.2 39 31 7.6 +8.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.2 40 30 3.8 +4.5
VBK Vanguard Small-Cap Growth ETF 1.2 7 63 1.1 +1.8
KRUZ Unusual Whales Subversive Republican Trading ETF 1.2 75 -5 5.4 +6.1
VO Vanguard Mid-Cap ETF 1.2 4 66 5.3 +6.0
EQWL Invesco S&P 100 Equal Weight ETF 1.2 25 45 6.3 +7.0
ANEW ProShares MSCI Transformational Changes ETF 1.2 45 25 3.6 +4.3
FELV Fidelity Enhanced Large Cap Value ETF 1.2 18 52 6.4 +7.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -1 -0.5 +0.3
LRND IQ U.S. Large Cap R&D Leaders ETF 1.1 14 56 6.1 +6.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.1 64 6 1.8 +2.5
IWC iShares Micro-Cap ETF 1.1 60 10 -4.9 -4.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 12 5.0 +5.7
IMCB iShares Morningstar Mid-Cap ETF 1.1 4 66 5.7 +6.4
XT iShares Exponential Technologies ETF 1.1 46 24 4.8 +5.5
PSET Principal Quality ETF 1.1 15 55 5.3 +6.1
DFE WisdomTree Europe SmallCap Dividend Fund 1.1 58 12 10.7 +11.5
IWR iShares Russell Midcap ETF 1.1 19 51 5.4 +6.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.1 61 9 6.0 +6.8
FYT First Trust Small Cap Value AlphaDEX Fund 1.0 73 -3 7.8 +8.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 35 4.6 +5.3
FYX First Trust Small Cap Core AlphaDEX Fund 1.0 61 9 4.6 +5.3
IEDI iShares U.S. Consumer Focused ETF 1.0 18 52 5.1 +5.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 52 5.8 +6.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.9 35 35 5.9 +6.6
MAGA Point Bridge America First ETF 0.9 72 -2 5.6 +6.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 55 5.8 +6.5
EUSA iShares MSCI USA Equal Weighted ETF 0.9 9 61 5.7 +6.4
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 55 5.8 +6.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 61 3.3 +4.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 0.9 75 -5 6.8 +7.5
SFYX SoFi Next 500 ETF 0.9 0 70 4.7 +5.4
VFMO Vanguard U.S. Momentum Factor ETF 0.9 13 57 2.1 +2.8
SIZE iShares MSCI USA Size Factor ETF 0.8 15 55 5.6 +6.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.8 65 5 2.7 +3.4
FDTX Fidelity Disruptive Technology ETF 0.8 50 20 2.8 +3.5
IWO iShares Russell 2000 Growth ETF 0.8 24 46 0.6 +1.3
AIEQ AI Powered Equity ETF 0.8 75 -5 3.9 +4.6
VTWG Vanguard Russell 2000 Growth ETF 0.8 15 55 0.7 +1.4
ISRA VanEck Israel ETF 0.8 59 11 8.0 +8.7
DGT SPDR Global Dow ETF 0.8 50 20 6.8 +7.5
SPHB Invesco S&P 500 High Beta ETF 0.8 25 45 3.5 +4.2
FELG Fidelity Enhanced Large Cap Growth ETF 0.8 18 52 4.6 +5.3
IXG iShares Global Financials ETF 0.8 42 28 6.2 +6.9
DFSU Dimensional US Sustainability Core 1 ETF 0.7 18 52 5.4 +6.1
PDP Invesco Dorsey Wright Momentum ETF 0.7 62 8 3.2 +3.9
FELC Fidelity Enhanced Large Cap Core ETF 0.7 18 52 5.3 +6.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 66 4.8 +5.5
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 11 5.6 +6.3
OPTZ Optimize Strategy Index ETF 0.7 50 20 2.9 +3.6
FDM First Trust Dow Jones Select MicroCap Index Fund 0.7 60 10 6.8 +7.6
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 5 4.7 +5.4
FBCG Fidelity Blue Chip Growth ETF 0.7 59 11 2.8 +3.5
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 50 4.7 +5.4
BUYZ Franklin Disruptive Commerce ETF 0.7 50 20 1.8 +2.5
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.7 20 50 6.4 +7.1
VEGN US Vegan Climate ETF 0.6 60 10 4.5 +5.2
IWS iShares Russell Mid-Cap Value ETF 0.6 23 47 6.2 +7.0
JOET Virtus Terranova US Quality Momentum ETF 0.6 29 41 4.7 +5.4
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 0.6 27 43 0.0 +0.7
IWM iShares Russell 2000 ETF 0.6 19 51 2.8 +3.5
RSSL Global X Russell 2000 ETF 0.6 8 62 2.6 +3.3
VTWO Vanguard Russell 2000 ETF 0.6 10 60 2.9 +3.6
STXK Strive Small-Cap ETF 0.6 18 52 5.0 +5.7
STXM Strive Mid-Cap ETF 0.6 18 52 6.1 +6.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 64 2.3 +3.0
WRND IQ Global Equity R&D Leaders ETF 0.6 18 52 7.5 +8.2
FDMO Fidelity Momentum Factor ETF 0.6 15 55 4.0 +4.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 61 5.8 +6.5
SFY SoFi Select 500 ETF 0.6 0 70 4.5 +5.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.6 35 35 5.1 +5.9
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 43 8.6 +9.3
IWD iShares Russell 1000 Value ETF 0.6 19 51 6.1 +6.8
VONV Vanguard Russell 1000 Value ETF 0.6 8 62 6.3 +7.0
LCF Touchstone US Large Cap Focused ETF 0.6 69 1 4.1 +4.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.6 95 -25 0.9 +1.6
QQQ Invesco QQQ Trust Series I 0.6 20 50 4.5 +5.3
QQQM Invesco NASDAQ 100 ETF 0.6 15 55 4.6 +5.3
INNO Harbor Disruptive Innovation ETF 0.6 75 -5 1.6 +2.3
FUNL CornerCap Fundametrics Large-Cap ETF 0.6 50 20 6.7 +7.4
KRMA Global X Conscious Companies ETF 0.5 43 27 5.7 +6.4
BFOR ALPS Barron's 400 ETF 0.5 65 5 5.6 +6.3
IWX iShares Russell Top 200 Value ETF 0.5 20 50 6.0 +6.7
IETC iShares U.S. Tech Independence Focused ETF 0.5 18 52 4.5 +5.2
VB Vanguard Small-Cap ETF 0.5 5 65 4.9 +5.6
WLDR Affinity World Leaders Equity ETF 0.5 67 3 8.1 +8.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 58 7.0 +7.7
CVAR Cultivar ETF 0.5 87 -17 6.7 +7.4
TMFC Motley Fool 100 Index ETF 0.5 50 20 3.7 +4.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 49 3.8 +4.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.5 75 -5 4.3 +5.0
MGV Vanguard Mega Cap Value ETF 0.5 7 63 6.4 +7.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 11 5.8 +6.5
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 61 4.8 +5.5
ILCG iShares Morningstar Growth ETF 0.5 4 66 3.9 +4.6
STXG Strive 1000 Growth ETF 0.5 18 52 4.1 +4.8
IGV iShares Expanded Tech-Software Sector ETF 0.5 41 29 2.3 +3.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 55 7.5 +8.2
LRGC AB US Large Cap Strategic Equities ETF 0.5 48 22 4.6 +5.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.5 12 58 6.2 +6.9
DFLV Dimensional US Large Cap Value ETF 0.5 22 48 7.4 +8.1
IJR iShares Core S&P Small Cap ETF 0.5 6 64 6.6 +7.3
SNPV Xtrackers S&P 500 Value ESG ETF 0.5 15 55 6.4 +7.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 10 60 6.6 +7.3
VUG Vanguard Growth ETF 0.4 4 66 4.0 +4.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 67 6.7 +7.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 55 4.7 +5.4
IUS Invesco RAFI Strategic US ETF 0.4 19 51 6.8 +7.5
AVDV Avantis International Small Cap Value ETF 0.4 36 34 8.1 +8.9
MODL VictoryShares WestEnd U.S. Sector ETF 0.4 42 28 4.7 +5.4
ETHO Etho Climate Leadership U.S. ETF 0.4 47 23 3.4 +4.1
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 42 4.7 +5.4
RVRB Reverb ETF 0.4 30 40 4.7 +5.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 67 4.8 +5.5
VTI Vanguard Total Stock Market ETF 0.4 3 67 4.7 +5.5
PTL Inspire 500 ETF 0.4 9 61 5.6 +6.3
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 60 5.0 +5.7
VOOV Vanguard S&P 500 Value ETF 0.4 10 60 6.3 +7.1
IVE iShares S&P 500 Value ETF 0.4 18 52 6.3 +7.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 66 6.4 +7.1
IWV iShares Russell 3000 ETF 0.4 20 50 4.7 +5.4
DFAU Dimensional US Core Equity Market ETF 0.4 12 58 5.0 +5.7
VTHR Vanguard Russell 3000 ETF 0.4 10 60 4.7 +5.4
VFQY Vanguard U.S. Quality Factor ETF 0.4 13 57 7.5 +8.2
GSPY Gotham Enhanced 500 ETF 0.4 50 20 5.2 +5.9
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 67 4.9 +5.7
PBUS Invesco MSCI USA ETF 0.4 4 66 5.0 +5.7
IYY iShares Dow Jones U.S. ETF 0.4 20 50 4.8 +5.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 0 2.7 +3.4
IWB iShares Russell 1000 ETF 0.4 15 55 4.8 +5.6
VONE Vanguard Russell 1000 ETF 0.4 8 62 4.9 +5.6
IWN iShares Russell 2000 Value ETF 0.4 24 46 4.8 +5.5
DCOR Dimensional US Core Equity 1 ETF 0.4 14 56 5.3 +6.0
VTV Vanguard Value ETF 0.4 4 66 6.6 +7.3
VTWV Vanguard Russell 2000 Value ETF 0.4 15 55 4.9 +5.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -5 4.7 +5.4
VV Vanguard Large-Cap ETF 0.4 4 66 4.9 +5.6
JAVA JPMorgan Active Value ETF 0.4 44 26 5.7 +6.5
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 66 6.0 +6.7
IUSV iShares Core S&P US Value ETF 0.4 4 66 6.4 +7.1
STRV Strive 500 ETF 0.4 5 65 4.9 +5.6
IPKW Invesco International BuyBack Achievers ETF 0.4 55 15 11.0 +11.7
SCHG Schwab U.S. Large-Cap Growth ETF 0.4 4 66 4.2 +4.9
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 12 8.8 +9.5
AVSC Avantis U.S Small Cap Equity ETF 0.4 25 45 4.7 +5.4
DFUS Dimensional U.S. Equity ETF 0.4 9 61 4.9 +5.6
VGT Vanguard Information Technology ETF 0.4 10 60 4.4 +5.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 60 5.3 +6.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.4 8 62 5.0 +5.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 53 5.3 +6.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 58 4.5 +5.2
APUE ActivePassive U.S. Equity ETF 0.4 45 25 4.8 +5.5
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 41 7.2 +7.9
RECS Columbia Research Enhanced Core ETF 0.4 15 55 5.5 +6.2
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 31 6.8 +7.5
SCHX Schwab U.S. Large-Cap ETF 0.3 3 67 5.0 +5.7
ILCV iShares Morningstar Value ETF 0.3 4 66 6.2 +6.9
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 66 6.4 +7.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.3 15 55 4.9 +5.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 66 5.6 +6.3
SMMD iShares Russell 2500 ETF 0.3 15 55 5.5 +6.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 50 6.3 +7.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 67 4.9 +5.6
SCHK Schwab 1000 Index ETF 0.3 5 65 5.0 +5.7
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 60 5.1 +5.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 21 5.0 +5.7
DSI iShares MSCI KLD 400 Social ETF 0.3 25 45 5.0 +5.7
TOK iShares MSCI Kokusai ETF 0.3 26 44 5.0 +5.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 56 5.0 +5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 3 8.6 +9.3
GWX SPDR S&P International Small Cap ETF 0.3 40 30 6.5 +7.2
ISCB iShares Morningstar Small-Cap ETF 0.3 4 66 4.8 +5.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 68 5.0 +5.7
VOTE TCW Transform 500 ETF 0.3 5 65 4.9 +5.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 59 4.9 +5.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 70 5.0 +5.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 63 4.9 +5.6
URTH iShares MSCI World ETF 0.3 24 46 5.2 +5.9
FLDZ RiverNorth Patriot ETF 0.3 75 -5 5.2 +5.9
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 47 9.1 +9.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 51 6.2 +6.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 63 5.3 +6.0
GVLU Gotham 1000 Value ETF 0.3 50 20 7.4 +8.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 61 5.4 +6.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 50 5.2 +5.9
BLES Inspire Global Hope ETF 0.3 61 9 6.4 +7.2
CGGR Capital Group Growth ETF 0.3 39 31 3.2 +3.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 63 5.0 +5.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 45 5.2 +5.9
VT Vanguard Total World Stock ETF 0.3 7 63 5.5 +6.2
DFVX Dimensional US Large Cap Vector ETF 0.3 22 48 6.1 +6.8
ACWI iShares MSCI ACWI ETF 0.3 32 38 5.3 +6.0
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 62 4.6 +5.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 35 5.6 +6.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 30 5.6 +6.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 61 4.9 +5.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 60 5.4 +6.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 21 7.0 +7.7
OEF iShares S&P 100 ETF 0.3 20 50 4.8 +5.5
INRO iShares U.S. Industry Rotation Active ETF 0.3 42 28 4.5 +5.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 60 4.5 +5.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 50 4.6 +5.3
IWF iShares Russell 1000 Growth ETF 0.2 19 51 4.5 +5.2
VONG Vanguard Russell 1000 Growth ETF 0.2 8 62 4.6 +5.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.2 18 52 6.4 +7.1
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 18 5.1 +5.8
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 12 5.0 +5.8
STXV Strive 1000 Value ETF 0.2 18 52 7.5 +8.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 58 4.5 +5.2
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 50 6.1 +6.8
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 45 6.0 +6.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 45 6.8 +7.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 45 6.8 +7.5
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 35 5.1 +5.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 60 5.1 +5.8
EPS WisdomTree U.S. LargeCap Fund 0.2 8 62 5.9 +6.6
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 21 5.6 +6.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 61 5.2 +5.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 50 6.8 +7.5
MGC Vanguard Mega Cap ETF 0.2 7 63 4.8 +5.5
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 28 6.4 +7.1
RWL Invesco S&P 500 Revenue ETF 0.2 39 31 6.7 +7.4
JHML John Hancock Multifactor Large Cap ETF 0.2 29 41 5.3 +6.0
AVUS Avantis U.S. Equity ETF 0.2 15 55 5.6 +6.3
IWL iShares Russell Top 200 ETF 0.2 15 55 4.7 +5.4
DFUV Dimensional US Marketwide Value ETF 0.2 22 48 7.2 +7.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 41 4.9 +5.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 10 6.8 +7.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 38 4.8 +5.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 59 4.8 +5.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 58 4.5 +5.2
SCHA Schwab U.S. Small-Cap ETF 0.2 4 66 4.4 +5.1
XVV iShares ESG Screened S&P 500 ETF 0.2 8 62 4.9 +5.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 60 4.4 +5.1
OALC OneAscent Large Cap Core ETF 0.2 86 -16 4.3 +5.0
NULC Nuveen ESG Large-Cap ETF 0.2 21 49 5.3 +6.0
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 60 5.1 +5.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 61 5.3 +6.0
VFVA Vanguard U.S. Value Factor ETF 0.2 13 57 10.0 +10.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 11 8.2 +8.9
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 58 6.7 +7.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 50 4.8 +5.5
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 28 6.1 +6.8
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 55 6.1 +6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 58 4.8 +5.5
IVV iShares Core S&P 500 ETF 0.2 3 67 5.0 +5.7
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 68 5.0 +5.7
SPY SPDR S&P 500 ETF Trust 0.2 9 61 5.0 +5.7
VOO Vanguard S&P 500 ETF 0.2 3 67 5.0 +5.7
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 50 4.9 +5.7
SSLY Syntax Stratified SmallCap ETF 0.2 40 30 7.4 +8.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 50 4.9 +5.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 12 6.4 +7.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 28 6.8 +7.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 31 7.4 +8.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 67 5.1 +5.8
DFIS Dimensional International Small Cap ETF 0.2 39 31 6.9 +7.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -10 10.8 +11.5
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 45 5.4 +6.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 58 7.2 +7.9
MTUM iShares MSCI USA Momentum Factor ETF 0.2 15 55 4.1 +4.8
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 61 4.7 +5.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 45 7.2 +8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 7.2 +7.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 53 4.7 +5.4
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 55 5.0 +5.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 46 7.0 +7.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 61 4.9 +5.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 30 6.6 +7.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 59 6.6 +7.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 41 6.4 +7.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 55 5.7 +6.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 12 6.5 +7.2
HKND Humankind US Stock ETF 0.1 11 59 7.1 +7.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 63 6.7 +7.4
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 20 7.0 +7.7
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 53 6.9 +7.6
VIDI Vident International Equity Strategy ETF 0.1 61 9 10.2 +10.9
IGM iShares Expanded Tech Sector ETF 0.1 41 29 4.4 +5.1
QGRO American Century U.S. Quality Growth ETF 0.1 29 41 4.4 +5.1
DFAS Dimensional U.S. Small Cap ETF 0.1 26 44 5.5 +6.2
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 42 7.8 +8.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 61 5.4 +6.1
HDUS Hartford Disciplined US Equity ETF 0.1 19 51 5.9 +6.6
JGRO JPMorgan Active Growth ETF 0.1 44 26 3.5 +4.2
AVSD Avantis Responsible International Equity ETF 0.1 23 47 7.1 +7.8
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 46 6.5 +7.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 40 5.9 +6.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 31 4.1 +4.8
JHSC John Hancock Multifactor Small Cap ETF 0.1 42 28 6.6 +7.3
AVDE Avantis International Equity ETF 0.1 23 47 8.1 +8.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 5 8.2 +8.9
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 41 6.5 +7.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 31 7.5 +8.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 41 4.3 +5.0
SSPY Syntax Stratified LargeCap ETF 0.1 30 40 6.3 +7.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 21 4.7 +5.4
IDMO Invesco S&P International Developed Momentum ETF 0.0 25 45 5.9 +6.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 47 7.7 +8.4
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 22 8.7 +9.4
GXC SPDR S&P China ETF 0.0 59 11 8.3 +9.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 40 8.0 +8.7
DTH WisdomTree International High Dividend Fund 0.0 58 12 10.1 +10.8
DWM WisdomTree International Equity Fund 0.0 48 22 8.0 +8.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.5 +8.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.0 30 40 5.4 +6.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 52 7.3 +8.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 66 7.1 +7.8
IEUR iShares Core MSCI Europe ETF 0.0 11 59 7.1 +7.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 63 7.1 +7.9
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 63 7.2 +7.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 30 7.9 +8.6
IQSI IQ Candriam International Equity ETF 0.0 15 55 6.6 +7.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.0 35 35 6.6 +7.3
SPEU SPDR Portfolio Europe ETF 0.0 7 63 7.1 +7.8
VGK Vanguard FTSE Europe ETF 0.0 11 59 7.1 +7.8
VSGX Vanguard ESG International Stock ETF 0.0 12 58 6.8 +7.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 7.2 +7.9
VEA Vanguard FTSE Developed Markets ETF 0.0 5 65 7.3 +8.0
IPAC iShares Core MSCI Pacific ETF 0.0 9 61 7.2 +7.9
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 3.7 +4.4
VPL Vanguard FTSE Pacific ETF 0.0 8 62 7.7 +8.4
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.4 +4.1
VXUS Vanguard Total International Stock ETF 0.0 7 63 7.2 +7.9
BKIE BNY Mellon International Equity ETF 0.0 4 66 7.1 +7.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 50 7.0 +7.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 52 7.0 +7.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 21 6.1 +6.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 63 7.3 +8.0
DFSV Dimensional US Small Cap Value ETF 0.0 31 39 8.3 +9.0
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 62 6.9 +7.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 40 4.7 +5.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 25 6.5 +7.3

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%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Grayscale Future of Finance ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -0.0 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score -0.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.53
 
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.