Grayscale Future of Finance ETF
ALTAR
Score™
-4.2% info Recommen-
dation
AVOID
2024E    2025E
P/E
ratio
-435.4x P/Sales
ratio
2.6x
P/BV
ratio
2.1x Div.
yield
0.5%


  • 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) $7
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 20
Wgt avg mkt cap (mns) $12,659
Large cap (>$10bn) 24.7%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 57.2%
Developed mkts 94.0%
Emerging mkts 6.0%

TOP TEN HOLDINGS
MARATHON DIGITAL HOLDINGS INC 10.3 %
ROBINHOOD MARKETS, INC. CLASS A 8.0 %
COINBASE GLOBAL, INC. CLASS A 7.8 %
PAYPAL HOLDINGS, INC. 6.8 %
BLOCK INC. 6.5 %
CLEANSPARK, INC. 5.7 %
CIPHER MINING INC 5.6 %
GALAXY DIGITAL HOLDINGS LTD. 5.0 %
IRIS ENERGY LTD. 4.5 %
NORTHERN DATA AG 4.3 %
Total 64.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.9 %
CANADA 7.6 %
CHINA 7.1 %
AUSTRALIA 4.5 %
GERMANY 4.3 %
ISRAEL 4.0 %
JAPAN 3.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.1% 30.3% -- -- -14.0%

Market Correlations
versus... Beta R-squared
S&P500 2.61 50%
MSCI EAFE 2.23 36%
MSCI Emg. Mkts. 1.63 21%

Technical Indicators
Recent close $16.48
30d moving avg. $13.33
Annualized volatility 73.9%
Short interest (ETF) 1.6%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.3%
Bid/Ask (% of price) 1.00%
ADV underlying (mns) $4,681

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 366 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™: -4.2%


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
(%)
BITQ Bitwise Crypto Industry Innovators ETF 58.5 85 -15 -5.0 -0.8
DAPP VanEck Digital Transformation ETF 58.5 50 20 -5.3 -1.1
BKCH Global X Blockchain ETF 55.5 50 20 -5.2 -1.0
IBLC iShares Blockchain and Tech ETF 47.2 47 23 -1.4 +2.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 44.4 61 9 -7.3 -3.1
WGMI Valkyrie Bitcoin Miners ETF 40.3 75 -5 -10.3 -6.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 40.3 39 31 -1.4 +2.8
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 40.2 85 -15 -1.3 +2.9
BLOK Amplify Transformational Data Sharing ETF 38.6 75 -5 1.3 +5.5
STCE Schwab Crypto Thematic ETF 32.8 30 40 -5.8 -1.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 25.2 68 2 4.2 +8.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 23.7 61 9 -0.3 +3.9
BWEB Bitwise Web3 ETF 22.9 85 -15 0.9 +5.1
ARKF ARK Fintech Innovation ETF 19.3 75 -5 -2.4 +1.8
ARKW ARK Next Generation Internet ETF 19.2 87 -17 -3.3 +0.9
TWEB SoFi Web 3 ETF 18.8 59 11 -7.6 -3.4
FINX Global X FinTech ETF 18.7 68 2 3.1 +7.3
ARKK ARK Innovation ETF 17.0 75 -5 -4.7 -0.5
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 15.6 75 -5 6.5 +10.7
IPO Renaissance IPO ETF 10.6 60 10 -3.1 +1.1
BYOB SoFi Be Your Own Boss ETF 10.4 59 11 -1.9 +2.3
BUZZ VanEck Social Sentiment ETF 9.2 75 -5 0.2 +4.3
KOIN Capital Link Global Fintech Leaders ETF 8.6 75 -5 5.1 +9.2
BCDF Horizon Kinetics Blockchain Development ETF 6.8 85 -15 -0.6 +3.5
MVPS Amplify Thematic All-Stars ETF 6.8 49 21 1.6 +5.8
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 6.0 40 30 5.6 +9.8
SFYF SoFi Social 50 ETF 5.5 29 41 -1.2 +3.0
KOMP SPDR S&P Kensho New Economies Composite ETF 5.1 20 50 2.1 +6.3
MOON Direxion Moonshot Innovators ETF 5.0 65 5 -18.3 -14.1
MILN Global X Millennial Consumer ETF 4.6 50 20 2.4 +6.6
PTF Invesco Dorsey Wright Technology Momentum ETF 4.5 60 10 0.5 +4.7
TIME Clockwise Core Equity & Innovation ETF 4.1 100 -30 2.2 +6.4
JFWD Jacob Forward ETF 4.1 75 -5 -4.0 +0.2
DARP Grizzle Growth ETF 4.0 75 -5 5.2 +9.4
PNQI Invesco NASDAQ Internet ETF 3.8 60 10 2.3 +6.5
KCE SPDR S&P Capital Markets ETF 3.6 35 35 7.0 +11.1
BPAY BlackRock Future Financial and Technology ETF 3.5 70 0 8.2 +12.4
FFTY Innovator IBD 50 ETF 3.4 80 -10 -0.4 +3.8
AOTG AOT Growth and Innovation ETF 3.1 75 -5 3.1 +7.2
FPX First Trust US Equity Opportunities ETF 3.0 61 9 0.6 +4.8
LOUP Innovator Deepwater Frontier Tech ETF 3.0 70 0 2.0 +6.2
XSW SPDR S&P Software & Services ETF 2.9 35 35 2.9 +7.1
EMFQ Amplify Emerging Markets FinTech ETF 2.9 69 1 3.6 +7.8
FDN First Trust Dow Jones Internet Index Fund 2.7 52 18 1.7 +5.9
WCLD WisdomTree Cloud Computing Fund 2.7 45 25 1.1 +5.3
PFI Invesco Dorsey Wright Financial Momentum ETF 2.6 60 10 6.3 +10.5
GINN Goldman Sachs Innovate Equity ETF 2.5 52 18 2.8 +7.0
PKW Invesco Buyback Achievers ETF 2.4 62 8 8.1 +12.3
WISE Themes Generative Artificial Intelligence ETF 2.3 35 35 1.8 +6.0
VFH Vanguard Financials ETF 2.1 10 60 6.5 +10.7
FNCL Fidelity MSCI Financials Index ETF 2.1 8 62 6.6 +10.7
IBUY Amplify Online Retail ETF 2.0 65 5 1.7 +5.9
INNO Harbor Disruptive Innovation ETF 2.0 75 -5 -3.7 +0.5
DTEC ALPS Disruptive Technologies ETF 2.0 50 20 3.6 +7.8
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 25 4.7 +8.8
XITK SPDR FactSet Innovative Technology ETF 1.8 45 25 2.5 +6.7
IYJ iShares U.S. Industrials ETF 1.8 40 30 4.8 +9.0
FDG American Century Focused Dynamic Growth ETF 1.7 45 25 2.6 +6.8
ITAN Sparkline Intangible Value ETF 1.7 50 20 6.0 +10.2
TRFM AAM Transformers ETF 1.6 49 21 1.4 +5.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 10 5.2 +9.3
ISHP First Trust Nasdaq Retail ETF 1.6 60 10 3.1 +7.3
NUMV Nuveen ESG Mid-Cap Value ETF 1.6 31 39 7.6 +11.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.6 61 9 6.2 +10.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.6 60 10 1.0 +5.1
ANEW ProShares MSCI Transformational Changes ETF 1.5 45 25 3.3 +7.5
ENTR ERShares Entrepreneurs ETF 1.4 75 -5 1.9 +6.1
ITEQ BlueStar Israel Technology ETF BlueStar Israel Technology Fu 1.3 75 -5 1.7 +5.9
IMCG iShares Morningstar Mid-Cap Growth ETF 1.3 6 64 4.2 +8.4
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.3 40 30 7.2 +11.4
FYC First Trust Small Cap Growth AlphaDEX Fund 1.2 71 -1 0.8 +5.0
EQUL IQ Engender Equality ETF 1.2 45 25 6.7 +10.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 5 8.0 +12.2
VXF Vanguard Extended Market ETF 1.2 6 64 3.9 +8.1
XLF Financial Select Sector SPDR Fund 1.2 9 61 6.1 +10.3
LCLG Logan Capital Broad Innovative Growth ETF 1.2 99 -29 4.6 +8.8
SRHQ SRH U.S. Quality ETF 1.1 35 35 8.0 +12.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.1 75 -5 3.1 +7.3
FUNL CornerCap Fundametrics Large-Cap ETF 1.1 50 20 6.8 +11.0
LRND IQ U.S. Large Cap R&D Leaders ETF 1.1 14 56 6.1 +10.3
BKWO BNY Mellon Women's Opportunities ETF 1.0 50 20 3.6 +7.8
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 31 7.7 +11.8
METV Roundhill Ball Metaverse ETF 1.0 59 11 3.7 +7.9
SPHB Invesco S&P 500 High Beta ETF 1.0 25 45 4.7 +8.9
EQWL Invesco S&P 100 Equal Weight ETF 0.9 25 45 6.6 +10.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 35 4.6 +8.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 12 4.4 +8.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 12 10.9 +15.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 64 2.4 +6.6
LRGE ClearBridge Large Cap Growth ESG ETF 0.9 59 11 3.2 +7.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.8 40 30 4.0 +8.2
SIZE iShares MSCI USA Size Factor ETF 0.8 15 55 6.0 +10.2
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 61 6.0 +10.2
IWS iShares Russell Mid-Cap Value ETF 0.8 23 47 6.7 +10.8
IYF iShares U.S. Financials ETF 0.8 40 30 6.4 +10.6
KRUZ Unusual Whales Subversive Republican Trading ETF 0.8 75 -5 4.8 +9.0
IWC iShares Micro-Cap ETF 0.8 60 10 -4.1 +0.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.7 70 0 1.8 +6.0
VOT Vanguard Mid-Cap Growth ETF 0.7 7 63 4.1 +8.3
IYG iShares US Financial Services ETF 0.7 40 30 5.9 +10.1
BUYZ Franklin Disruptive Commerce ETF 0.7 50 20 1.8 +6.0
ISRA VanEck Israel ETF 0.7 59 11 8.4 +12.6
IWR iShares Russell Midcap ETF 0.7 19 51 5.7 +9.8
VBK Vanguard Small-Cap Growth ETF 0.7 7 63 1.4 +5.6
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 66 6.1 +10.3
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 57 2.8 +7.0
IXG iShares Global Financials ETF 0.7 42 28 7.0 +11.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.7 9 61 3.9 +8.1
IWO iShares Russell 2000 Growth ETF 0.7 24 46 1.4 +5.6
SNPV Xtrackers S&P 500 Value ESG ETF 0.6 15 55 6.6 +10.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -10 11.0 +15.2
LCF Touchstone US Large Cap Focused ETF 0.6 69 1 4.4 +8.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.6 30 40 4.6 +8.8
SMOT VanEck Morningstar SMID Moat ETF 0.6 49 21 7.1 +11.3
CHGX AXS Change Finance ESG ETF 0.6 49 21 5.0 +9.2
IETC iShares U.S. Tech Independence Focused ETF 0.6 18 52 4.2 +8.4
DGT SPDR Global Dow ETF 0.6 50 20 6.7 +10.9
XT iShares Exponential Technologies ETF 0.6 46 24 3.8 +7.9
DFSU Dimensional US Sustainability Core 1 ETF 0.6 18 52 5.6 +9.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.6 4 66 4.2 +8.3
CACG ClearBridge All Cap Growth ESG ETF 0.6 54 16 3.2 +7.4
VEGN US Vegan Climate ETF 0.6 60 10 4.5 +8.7
WRND IQ Global Equity R&D Leaders ETF 0.6 18 52 7.1 +11.2
PDP Invesco Dorsey Wright Momentum ETF 0.5 62 8 3.6 +7.8
VTWG Vanguard Russell 2000 Growth ETF 0.5 15 55 1.7 +5.9
MGK Vanguard Mega Cap Growth ETF 0.5 7 63 4.1 +8.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 66 5.5 +9.7
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 50 6.3 +10.5
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 50 4.6 +8.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 9 7.0 +11.2
STXK Strive Small-Cap ETF 0.5 18 52 5.2 +9.3
QQQ Invesco QQQ Trust Series I 0.5 20 50 4.5 +8.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 49 3.7 +7.9
QQQM Invesco NASDAQ 100 ETF 0.5 15 55 4.6 +8.8
USVT US Value ETF 0.5 49 21 11.5 +15.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.5 15 55 4.8 +9.0
IWM iShares Russell 2000 ETF 0.5 19 51 3.7 +7.8
VFQY Vanguard U.S. Quality Factor ETF 0.5 13 57 7.0 +11.2
CVAR Cultivar ETF 0.5 87 -17 7.2 +11.3
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 42 4.5 +8.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 6 2.0 +6.2
ECNS iShares MSCI China Small-Cap ETF 0.5 59 11 11.6 +15.7
ISCB iShares Morningstar Small-Cap ETF 0.5 4 66 5.3 +9.5
KRMA Global X Conscious Companies ETF 0.5 43 27 5.7 +9.8
DFLV Dimensional US Large Cap Value ETF 0.5 22 48 8.0 +12.2
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 47 3.7 +7.8
TMFC Motley Fool 100 Index ETF 0.4 50 20 3.8 +8.0
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 11 6.2 +10.3
GSPY Gotham Enhanced 500 ETF 0.4 50 20 5.3 +9.5
STXG Strive 1000 Growth ETF 0.4 18 52 4.1 +8.3
IGV iShares Expanded Tech-Software Sector ETF 0.4 41 29 3.1 +7.3
VUG Vanguard Growth ETF 0.4 4 66 4.1 +8.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 61 5.9 +10.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 10 6.3 +10.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 60 5.4 +9.6
VTWO Vanguard Russell 2000 ETF 0.4 10 60 3.8 +8.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 31 8.7 +12.9
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 45 5.6 +9.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.4 75 -5 4.7 +8.8
AVSC Avantis U.S Small Cap Equity ETF 0.4 25 45 5.2 +9.4
AVDV Avantis International Small Cap Value ETF 0.4 36 34 8.0 +12.1
ILCG iShares Morningstar Growth ETF 0.4 4 66 3.9 +8.1
FTA First Trust Large Cap Value AlphaDEX Fund 0.3 59 11 8.4 +12.6
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 61 4.9 +9.1
IEDI iShares U.S. Consumer Focused ETF 0.3 18 52 4.7 +8.8
MTUM iShares MSCI USA Momentum Factor ETF 0.3 15 55 3.6 +7.8
VOOV Vanguard S&P 500 Value ETF 0.3 10 60 5.6 +9.7
IVE iShares S&P 500 Value ETF 0.3 18 52 6.6 +10.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 66 6.8 +10.9
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 42 8.2 +12.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 56 5.3 +9.5
FBCG Fidelity Blue Chip Growth ETF 0.3 59 11 2.5 +6.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 53 5.6 +9.8
GVLU Gotham 1000 Value ETF 0.3 50 20 7.7 +11.9
CGGR Capital Group Growth ETF 0.3 39 31 3.4 +7.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 58 4.8 +9.0
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 41 7.0 +11.2
IWD iShares Russell 1000 Value ETF 0.3 19 51 6.6 +10.8
DFAU Dimensional US Core Equity Market ETF 0.3 12 58 5.3 +9.5
VO Vanguard Mid-Cap ETF 0.3 4 66 5.8 +10.0
VONV Vanguard Russell 1000 Value ETF 0.3 8 62 6.8 +10.9
IUSV iShares Core S&P US Value ETF 0.3 4 66 6.8 +11.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 63 5.1 +9.3
WUGI AXS Esoterica NextG Economy ETF 0.3 75 -5 2.5 +6.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 51 6.4 +10.6
IWV iShares Russell 3000 ETF 0.3 20 50 4.9 +9.1
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 12 8.8 +12.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 67 5.1 +9.3
IUS Invesco RAFI Strategic US ETF 0.3 19 51 7.2 +11.4
VTHR Vanguard Russell 3000 ETF 0.3 10 60 5.0 +9.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 38 5.0 +9.2
STRV Strive 500 ETF 0.3 5 65 5.1 +9.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 63 5.1 +9.3
VOTE TCW Transform 500 ETF 0.3 5 65 5.1 +9.3
SCHX Schwab U.S. Large-Cap ETF 0.3 3 67 5.2 +9.4
IWB iShares Russell 1000 ETF 0.3 15 55 5.1 +9.2
VB Vanguard Small-Cap ETF 0.3 5 65 5.4 +9.6
SCHB Schwab U.S. Broad Market ETF 0.3 3 67 5.1 +9.3
VONE Vanguard Russell 1000 ETF 0.3 8 62 5.1 +9.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -5 4.7 +8.9
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -25 1.6 +5.8
PBUS Invesco MSCI USA ETF 0.3 4 66 5.2 +9.4
VTI Vanguard Total Stock Market ETF 0.3 3 67 5.0 +9.2
VV Vanguard Large-Cap ETF 0.3 4 66 5.1 +9.3
RVRB Reverb ETF 0.3 30 40 4.9 +9.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 68 5.2 +9.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 70 5.2 +9.4
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 60 4.9 +9.1
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 67 5.2 +9.4
IYY iShares Dow Jones U.S. ETF 0.3 20 50 5.0 +9.2
SCHK Schwab 1000 Index ETF 0.3 5 65 5.2 +9.4
DFUS Dimensional U.S. Equity ETF 0.3 9 61 5.1 +9.3
VONG Vanguard Russell 1000 Growth ETF 0.3 8 62 4.6 +8.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 21 6.0 +10.1
IWF iShares Russell 1000 Growth ETF 0.3 19 51 4.5 +8.7
MGC Vanguard Mega Cap ETF 0.3 7 63 5.0 +9.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 59 5.2 +9.3
ETHO Etho Climate Leadership U.S. ETF 0.3 47 23 3.9 +8.1
IWN iShares Russell 2000 Value ETF 0.3 24 46 5.7 +9.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 45 5.6 +9.8
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 21 5.9 +10.1
SCHA Schwab U.S. Small-Cap ETF 0.3 4 66 4.8 +9.0
IWY iShares Russell Top 200 Growth ETF 0.3 20 50 4.6 +8.8
HKND Humankind US Stock ETF 0.3 11 59 6.8 +10.9
DSI iShares MSCI KLD 400 Social ETF 0.3 25 45 5.1 +9.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 21 5.0 +9.1
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 47 8.7 +12.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 31 4.1 +8.3
EPS WisdomTree U.S. LargeCap Fund 0.2 8 62 6.3 +10.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 50 6.1 +10.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.2 18 52 4.2 +8.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 61 4.9 +9.1
ILCV iShares Morningstar Value ETF 0.2 4 66 6.7 +10.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.6 +9.8
FLDZ RiverNorth Patriot ETF 0.2 75 -5 6.0 +10.2
BLES Inspire Global Hope ETF 0.2 61 9 6.3 +10.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 61 5.4 +9.6
DFAS Dimensional U.S. Small Cap ETF 0.2 26 44 5.9 +10.1
TOK iShares MSCI Kokusai ETF 0.2 26 44 5.3 +9.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 23 9.6 +13.8
OEF iShares S&P 100 ETF 0.2 20 50 4.9 +9.1
VTWV Vanguard Russell 2000 Value ETF 0.2 15 55 5.8 +10.0
APUE ActivePassive U.S. Equity ETF 0.2 45 25 5.0 +9.2
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 31 6.6 +10.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 61 5.6 +9.8
SFY SoFi Select 500 ETF 0.2 0 70 5.1 +9.3
URTH iShares MSCI World ETF 0.2 24 46 5.4 +9.6
VFVA Vanguard U.S. Value Factor ETF 0.2 13 57 10.8 +15.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 66 6.2 +10.3
PGJ Invesco Golden Dragon China ETF 0.2 70 0 5.4 +9.6
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 60 5.3 +9.4
AVUS Avantis U.S. Equity ETF 0.2 15 55 6.1 +10.2
QGRO American Century U.S. Quality Growth ETF 0.2 29 41 5.1 +9.2
SFYX SoFi Next 500 ETF 0.2 0 70 5.6 +9.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 63 5.7 +9.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 50 5.0 +9.2
JHML John Hancock Multifactor Large Cap ETF 0.2 29 41 5.6 +9.8
ACWI iShares MSCI ACWI ETF 0.2 32 38 5.5 +9.6
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 28 6.6 +10.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 60 4.7 +8.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 45 7.0 +11.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 45 6.9 +11.1
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 50 6.2 +10.3
IWL iShares Russell Top 200 ETF 0.2 15 55 4.9 +9.1
VT Vanguard Total World Stock ETF 0.2 7 63 5.1 +9.3
DFUV Dimensional US Marketwide Value ETF 0.2 22 48 7.7 +11.8
VGT Vanguard Information Technology ETF 0.2 10 60 4.5 +8.7
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 28 5.8 +10.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 53 5.5 +9.7
VTV Vanguard Value ETF 0.2 4 66 7.0 +11.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 3 9.5 +13.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 61 5.0 +9.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 50 5.5 +9.7
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 66 6.3 +10.5
GWX SPDR S&P International Small Cap ETF 0.2 40 30 5.4 +9.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 45 6.6 +10.8
DFIS Dimensional International Small Cap ETF 0.2 39 31 6.7 +10.9
XVV iShares ESG Screened S&P 500 ETF 0.2 8 62 5.1 +9.2
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 50 4.8 +9.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 11 5.6 +9.8
RWL Invesco S&P 500 Revenue ETF 0.2 39 31 6.6 +10.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 59 5.2 +9.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 61 5.1 +9.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 41 5.1 +9.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 6.8 +10.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 50 6.6 +10.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 50 5.0 +9.2
VOO Vanguard S&P 500 ETF 0.2 3 67 5.2 +9.4
SMMD iShares Russell 2500 ETF 0.2 15 55 5.9 +10.1
SPY SPDR S&P 500 ETF Trust 0.2 9 61 5.2 +9.3
IVV iShares Core S&P 500 ETF 0.2 3 67 5.2 +9.4
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 68 5.2 +9.4
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 62 4.6 +8.8
IPKW Invesco International BuyBack Achievers ETF 0.1 55 15 9.7 +13.9
HDUS Hartford Disciplined US Equity ETF 0.1 19 51 6.2 +10.4
SCHC Schwab International Small-Cap Equity ETF 0.1 11 59 6.0 +10.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 31 7.6 +11.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 67 5.4 +9.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 60 4.6 +8.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 28 5.7 +9.9
NULC Nuveen ESG Large-Cap ETF 0.1 21 49 5.5 +9.7
SQEW LeaderShares Equity Skew ETF 0.1 81 -11 6.0 +10.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 30 6.0 +10.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 12 5.5 +9.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 58 5.0 +9.2
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 55 5.1 +9.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 35 5.9 +10.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 50 7.1 +11.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 30 5.9 +10.1
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 20 6.2 +10.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 63 6.4 +10.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 55 6.0 +10.2
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 58 7.2 +11.4
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 53 7.0 +11.2
SUSA iShares MSCI USA ESG Select ETF 0.1 25 45 5.2 +9.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 12 5.8 +10.0
VIDI Vident International Equity Strategy ETF 0.1 61 9 11.5 +15.6
IGM iShares Expanded Tech Sector ETF 0.1 41 29 4.2 +8.4
AVDE Avantis International Equity ETF 0.1 23 47 8.0 +12.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 41 6.2 +10.4
JGRO JPMorgan Active Growth ETF 0.1 44 26 3.3 +7.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 41 6.0 +10.2
SSPY Syntax Stratified LargeCap ETF 0.1 30 40 6.5 +10.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -5 3.8 +7.9
STXV Strive 1000 Value ETF 0.0 18 52 8.0 +12.2
IWX iShares Russell Top 200 Value ETF 0.0 20 50 6.6 +10.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 7.6 +11.8
YPS Arrow Reverse Cap 500 ETF 0.0 29 41 6.5 +10.6
AVES Avantis Emerging Markets Value ETF 0.0 36 34 11.8 +16.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 40 6.0 +10.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 0 7.1 +11.3
GXC SPDR S&P China ETF 0.0 59 11 9.3 +13.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 30 7.9 +12.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 52 7.0 +11.2
DWM WisdomTree International Equity Fund 0.0 48 22 7.9 +12.1
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 22 7.3 +11.5
AVEM Avantis Emerging Markets Equity ETF 0.0 33 37 8.8 +13.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.6 +11.8
DTH WisdomTree International High Dividend Fund 0.0 58 12 10.3 +14.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 66 6.8 +11.0
IEUR iShares Core MSCI Europe ETF 0.0 11 59 6.8 +11.0
SPEU SPDR Portfolio Europe ETF 0.0 7 63 6.8 +10.9
IEFA iShares Core MSCI EAFE ETF 0.0 7 63 6.7 +10.9
VGK Vanguard FTSE Europe ETF 0.0 11 59 6.9 +11.1
IQSI IQ Candriam International Equity ETF 0.0 15 55 6.3 +10.5
VSGX Vanguard ESG International Stock ETF 0.0 12 58 4.3 +8.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 46 6.2 +10.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 61 6.5 +10.7
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 63 5.1 +9.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 21 6.5 +10.7
VPL Vanguard FTSE Pacific ETF 0.0 8 62 6.6 +10.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 40 7.8 +12.0
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 4.1 +8.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 65 7.0 +11.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.9 +11.0
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.5 +7.6
BKIE BNY Mellon International Equity ETF 0.0 4 66 7.0 +11.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 50 6.7 +10.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 47 7.5 +11.7
VXUS Vanguard Total International Stock ETF 0.0 7 63 5.3 +9.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 58 4.4 +8.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 25 6.4 +10.6
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 63 1.7 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 61 1.1 +5.3
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 62 -0.0 +4.2
DFSV Dimensional US Small Cap Value ETF 0.0 31 39 8.8 +13.0

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 -7.1 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 70 bp
Equals: ALTAR Score -4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.
 

 

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.