Grayscale Future of Finance ETF
ALTAR
Score™		 0.2% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 52.6x P/Sales
ratio		 2.4x
P/BV
ratio		 2.2x 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) $8
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) $13,721
Large cap (>$10bn) 32.3%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 53.6%
Developed mkts 96.1%
Emerging mkts 3.9%

TOP TEN HOLDINGS
MARATHON DIGITAL HOLDINGS INC 8.9 %
BLOCK INC. 7.7 %
COINBASE GLOBAL, INC. CLASS A 7.4 %
ROBINHOOD MARKETS, INC. CLASS A 7.3 %
PAYPAL HOLDINGS INC 6.9 %
HUT 8 MINING CORP. 6.1 %
TERAWULF INC. 5.0 %
CIPHER MINING INC 4.4 %
RIOT BLOCKCHAIN INC 4.0 %
GALAXY DIGITAL HOLDINGS LTD. 4.0 %
Total 61.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.0 %
CANADA 9.5 %
CHINA 3.8 %
ISRAEL 3.7 %
GERMANY 3.5 %
JAPAN 3.4 %
AUSTRALIA 3.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 42.6% -- -- -11.0%

Market Correlations
versus... Beta R-squared
S&P500 2.69 49%
MSCI EAFE 2.22 33%
MSCI Emg. Mkts. 1.85 24%

Technical Indicators
Recent close $18.75
30d moving avg. $19.89
Annualized volatility 72.4%
Short interest (ETF) 1.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 1.00%
ADV underlying (mns) $7,037

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 400 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™: 0.2%


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
(%)
DAPP VanEck Digital Transformation ETF 59.1 50 20 -1.6 -1.8
BKCH Global X Blockchain ETF 57.4 50 20 -3.7 -3.9
BITQ Bitwise Crypto Industry Innovators ETF 51.1 85 -15 -1.5 -1.8
IBLC iShares Blockchain and Tech ETF 47.1 47 23 -0.9 -1.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 44.2 61 9 -1.0 -1.3
FDIG Fidelity Crypto Industry and Digital Payments ETF 43.8 39 31 -0.7 -0.9
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 41.6 85 -15 -1.0 -1.2
WGMI Valkyrie Bitcoin Miners ETF 37.0 75 -5 -7.0 -7.2
BLOK Amplify Transformational Data Sharing ETF 33.0 75 -5 0.9 +0.7
STCE Schwab Crypto Thematic ETF 27.0 30 40 2.1 +1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 23.8 61 9 2.7 +2.5
BWEB Bitwise Web3 ETF 22.0 85 -15 0.9 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 21.6 68 2 4.2 +4.0
FINX Global X FinTech ETF 20.2 68 2 3.4 +3.2
ARKF ARK Fintech Innovation ETF 20.1 75 -5 -0.3 -0.5
ARKW ARK Next Generation Internet ETF 18.9 87 -17 -0.9 -1.1
ARKK ARK Innovation ETF 17.8 75 -5 -4.3 -4.5
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 15.5 75 -5 5.7 +5.5
IPO Renaissance IPO ETF 12.4 60 10 -2.0 -2.2
BUZZ VanEck Social Sentiment ETF 10.5 75 -5 0.2 -0.0
MOON Direxion Moonshot Innovators ETF 8.5 65 5 0.0 -0.2
BPAY BlackRock Future Financial and Technology ETF 6.9 70 0 8.9 +8.7
LOUP Innovator Deepwater Frontier Tech ETF 6.7 70 0 1.9 +1.7
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 6.3 40 30 5.1 +4.9
MVPS Amplify Thematic All-Stars ETF 5.5 49 21 3.1 +2.8
BCDF Horizon Kinetics Blockchain Development ETF 5.4 85 -15 4.9 +4.7
TIME Clockwise Core Equity & Innovation ETF 5.4 95 -25 1.4 +1.2
MILN Global X Millennial Consumer ETF 5.3 50 20 3.1 +2.9
KOMP SPDR S&P Kensho New Economies Composite ETF 5.2 20 50 1.1 +0.9
FDFF Fidelity Disruptive Finance ETF 4.7 50 20 4.6 +4.4
SFYF SoFi Social 50 ETF 4.6 29 41 -3.4 -3.6
PTF Invesco Dorsey Wright Technology Momentum ETF 4.6 60 10 0.7 +0.5
FDND FT Vest Dow Jones Internet & Target Income ETF 4.4 75 -5 2.3 +2.1
FDN First Trust Dow Jones Internet Index Fund 4.4 52 18 2.4 +2.1
PFI Invesco Dorsey Wright Financial Momentum ETF 4.3 60 10 5.5 +5.3
PSCT Invesco S&P SmallCap Information Technology ETF 4.3 29 41 5.3 +5.1
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 2.6 +2.4
JFWD Jacob Forward ETF 3.9 75 -5 0.0 -0.2
WCLD WisdomTree Cloud Computing Fund 3.5 45 25 1.7 +1.5
XSW SPDR S&P Software & Services ETF 3.4 35 35 2.3 +2.1
FPX First Trust US Equity Opportunities ETF 3.3 61 9 1.7 +1.5
FFTY Innovator IBD 50 ETF 3.3 80 -10 1.3 +1.1
KCE SPDR S&P Capital Markets ETF 3.3 35 35 6.6 +6.4
DARP Grizzle Growth ETF 3.2 75 -5 3.9 +3.7
AOTG AOT Growth and Innovation ETF 2.9 75 -5 3.5 +3.3
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 2.9 59 11 6.6 +6.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.6 65 5 5.4 +5.2
SMCP AlphaMark Actively Managed Small Cap ETF 2.5 90 -20 6.7 +6.5
GINN Goldman Sachs Innovate Equity ETF 2.4 52 18 2.7 +2.5
FNCL Fidelity MSCI Financials Index ETF 2.3 8 62 6.3 +6.0
PKW Invesco Buyback Achievers ETF 2.3 62 8 7.1 +6.9
VFH Vanguard Financials ETF 2.3 10 60 6.3 +6.1
IWP iShares Russell Mid-Cap Growth ETF 2.2 23 47 4.0 +3.8
IBUY Amplify Online Retail ETF 2.1 65 5 1.5 +1.3
FMDE Fidelity Enhanced Mid Cap ETF 2.1 23 47 6.3 +6.1
NUMV Nuveen ESG Mid-Cap Value ETF 2.0 31 39 7.0 +6.8
DTEC ALPS Disruptive Technologies ETF 2.0 50 20 3.2 +3.0
IMCG iShares Morningstar Mid-Cap Growth ETF 2.0 6 64 4.4 +4.2
SMRI Bushido Capital US Equity ETF 1.9 71 -1 9.5 +9.3
TRFM AAM Transformers ETF 1.9 49 21 1.5 +1.3
WISE Themes Generative Artificial Intelligence ETF 1.8 35 35 2.3 +2.1
FDG American Century Focused Dynamic Growth ETF 1.7 45 25 2.7 +2.5
LCLG Logan Capital Broad Innovative Growth ETF 1.7 99 -29 4.8 +4.6
ITAN Sparkline Intangible Value ETF 1.7 50 20 6.6 +6.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 10 5.5 +5.3
IYJ iShares U.S. Industrials ETF 1.6 40 30 4.9 +4.7
EMFQ Amplify Emerging Markets FinTech ETF 1.6 69 1 5.7 +5.5
XITK SPDR FactSet Innovative Technology ETF 1.6 45 25 2.7 +2.5
ITEQ BlueStar Israel Technology ETF 1.6 75 -5 1.4 +1.2
VXF Vanguard Extended Market ETF 1.6 6 64 4.0 +3.7
CACG ClearBridge All Cap Growth ESG ETF 1.6 54 16 3.6 +3.4
SRHQ SRH U.S. Quality ETF 1.5 35 35 7.8 +7.5
XPND First Trust Expanded Technology ETF 1.5 65 5 4.2 +4.0
LRGE ClearBridge Large Cap Growth ESG ETF 1.5 59 11 3.7 +3.5
PWB Invesco Large Cap Growth ETF 1.5 56 14 3.5 +3.3
VOT Vanguard Mid-Cap Growth ETF 1.4 7 63 4.2 +4.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.4 70 0 2.2 +2.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 5 8.3 +8.1
ISHP First Trust Nasdaq Retail ETF 1.3 60 10 3.2 +3.0
EQUL IQ Engender Equality ETF 1.3 45 25 6.8 +6.6
IYF iShares U.S. Financials ETF 1.3 40 30 6.0 +5.8
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.3 40 30 6.8 +6.6
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.3 80 -10 6.0 +5.7
DTCR Global X Data Center & Digital Infrastructure ETF 1.2 50 20 2.7 +2.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.2 35 35 6.4 +6.2
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 25 3.6 +3.4
IYG iShares US Financial Services ETF 1.1 40 30 5.6 +5.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.1 61 9 6.5 +6.3
IJT iShares S&P Small-Cap 600 Growth ETF 1.1 18 52 6.3 +6.0
PSET Principal Quality ETF 1.1 15 55 5.5 +5.3
DFE WisdomTree Europe SmallCap Dividend Fund 1.1 58 12 10.5 +10.3
SLYG SPDR S&P 600 Small Cap Growth ETF 1.1 15 55 6.3 +6.1
XLF Financial Select Sector SPDR Fund 1.0 9 61 5.9 +5.7
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 31 7.6 +7.3
VAMO Cambria Value & Momentum ETF 1.0 61 9 9.1 +8.9
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.0 40 30 4.3 +4.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 12 5.0 +4.7
KRUZ Unusual Whales Subversive Republican Trading ETF 1.0 75 -5 5.7 +5.4
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 66 6.2 +6.0
SYLD Cambria Shareholder Yield ETF 1.0 59 11 11.2 +11.0
METV Roundhill Ball Metaverse ETF 1.0 59 11 3.4 +3.2
LRND IQ U.S. Large Cap R&D Leaders ETF 0.9 14 56 6.0 +5.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 35 5.1 +4.9
EQWL Invesco S&P 100 Equal Weight ETF 0.9 25 45 6.7 +6.5
IWR iShares Russell Midcap ETF 0.9 19 51 5.6 +5.4
XT iShares Exponential Technologies ETF 0.9 46 24 4.7 +4.5
SPHB Invesco S&P 500 High Beta ETF 0.9 25 45 4.0 +3.8
IWO iShares Russell 2000 Growth ETF 0.9 24 46 1.4 +1.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 55 6.4 +6.2
VBK Vanguard Small-Cap Growth ETF 0.9 7 63 1.4 +1.2
IWC iShares Micro-Cap ETF 0.9 60 10 -3.6 -3.8
ISRA VanEck Israel ETF 0.8 59 11 8.1 +7.9
FDTX Fidelity Disruptive Technology ETF 0.8 50 20 3.0 +2.8
SPAM Themes Cybersecurity ETF 0.8 35 35 2.0 +1.8
IEDI iShares U.S. Consumer Focused ETF 0.8 18 52 5.2 +4.9
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 57 2.3 +2.1
IETC iShares U.S. Tech Independence Focused ETF 0.8 18 52 4.7 +4.5
FELV Fidelity Enhanced Large Cap Value ETF 0.8 18 52 6.5 +6.2
MTUM iShares MSCI USA Momentum Factor ETF 0.8 15 55 4.0 +3.8
FBCG Fidelity Blue Chip Growth ETF 0.7 59 11 2.8 +2.6
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 61 6.0 +5.8
SIZE iShares MSCI USA Size Factor ETF 0.7 15 55 6.0 +5.7
SMOT VanEck Morningstar SMID Moat ETF 0.7 49 21 6.3 +6.0
BUYZ Franklin Disruptive Commerce ETF 0.7 50 20 2.2 +2.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 64 2.4 +2.2
SFYX SoFi Next 500 ETF 0.7 0 70 5.0 +4.8
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 41 5.2 +5.0
IWM iShares Russell 2000 ETF 0.7 19 51 3.4 +3.2
RSSL Global X Russell 2000 ETF 0.7 8 62 3.0 +2.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 66 5.1 +4.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 58 7.1 +6.9
VTWG Vanguard Russell 2000 Growth ETF 0.6 15 55 1.5 +1.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 10 6.9 +6.6
CHGX AXS Change Finance ESG ETF 0.6 49 21 5.1 +4.9
LCF Touchstone US Large Cap Focused ETF 0.6 69 1 4.4 +4.1
IXG iShares Global Financials ETF 0.6 42 28 6.6 +6.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 61 6.1 +5.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.6 4 66 4.5 +4.3
IGV iShares Expanded Tech-Software Sector ETF 0.6 41 29 3.3 +3.1
DFSU Dimensional US Sustainability Core 1 ETF 0.6 18 52 5.6 +5.4
VO Vanguard Mid-Cap ETF 0.6 4 66 5.9 +5.7
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 8 3.6 +3.4
FDMO Fidelity Momentum Factor ETF 0.6 15 55 4.3 +4.1
WLDR Affinity World Leaders Equity ETF 0.6 67 3 8.4 +8.2
SFY SoFi Select 500 ETF 0.6 0 70 4.8 +4.6
DGT SPDR Global Dow ETF 0.5 50 20 6.6 +6.4
IJR iShares Core S&P Small Cap ETF 0.5 6 64 7.4 +7.1
IWS iShares Russell Mid-Cap Value ETF 0.5 23 47 6.5 +6.3
FELC Fidelity Enhanced Large Cap Core ETF 0.5 18 52 5.6 +5.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.5 75 -5 4.3 +4.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 67 7.4 +7.2
VEGN US Vegan Climate ETF 0.5 60 10 4.8 +4.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 10 0.0 -0.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 49 4.0 +3.8
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 50 6.1 +5.9
WRND IQ Global Equity R&D Leaders ETF 0.5 18 52 7.1 +6.9
FLDZ RiverNorth Patriot ETF 0.5 75 -5 5.6 +5.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 6 2.2 +2.0
VTWO Vanguard Russell 2000 ETF 0.5 10 60 3.3 +3.1
FUNL CornerCap Fundametrics Large-Cap ETF 0.5 50 20 7.0 +6.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 61 3.9 +3.7
CVAR Cultivar ETF 0.5 87 -17 7.2 +7.0
STXK Strive Small-Cap ETF 0.5 18 52 5.0 +4.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.5 15 55 6.6 +6.4
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 50 4.8 +4.6
TMFC Motley Fool 100 Index ETF 0.5 50 20 3.9 +3.7
AIEQ AI Powered Equity ETF 0.5 75 -5 3.4 +3.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 11 5.6 +5.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 55 7.6 +7.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.5 15 55 5.0 +4.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 60 7.4 +7.2
IWD iShares Russell 1000 Value ETF 0.5 19 51 6.5 +6.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.4 25 45 6.2 +6.0
ILCG iShares Morningstar Growth ETF 0.4 4 66 4.1 +3.9
STXG Strive 1000 Growth ETF 0.4 18 52 4.3 +4.1
VFQY Vanguard U.S. Quality Factor ETF 0.4 13 57 7.4 +7.2
QQQ Invesco QQQ Trust Series I 0.4 20 50 4.7 +4.5
QQQM Invesco NASDAQ 100 ETF 0.4 15 55 4.8 +4.5
KRMA Global X Conscious Companies ETF 0.4 43 27 5.9 +5.6
AVDV Avantis International Small Cap Value ETF 0.4 36 34 7.7 +7.5
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 61 5.1 +4.9
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 42 4.9 +4.7
PTL Inspire 500 ETF 0.4 9 61 5.8 +5.5
VONV Vanguard Russell 1000 Value ETF 0.4 8 62 6.6 +6.4
MGV Vanguard Mega Cap Value ETF 0.4 7 63 6.6 +6.4
IWX iShares Russell Top 200 Value ETF 0.4 20 50 6.4 +6.2
IWN iShares Russell 2000 Value ETF 0.4 24 46 5.1 +4.9
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 58 4.9 +4.6
VB Vanguard Small-Cap ETF 0.4 5 65 5.2 +5.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.4 18 52 5.0 +4.7
AVSC Avantis U.S Small Cap Equity ETF 0.4 25 45 4.6 +4.4
VTWV Vanguard Russell 2000 Value ETF 0.4 15 55 5.0 +4.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 60 5.5 +5.2
VUG Vanguard Growth ETF 0.4 4 66 4.3 +4.1
DFLV Dimensional US Large Cap Value ETF 0.4 22 48 7.8 +7.6
GSPY Gotham Enhanced 500 ETF 0.4 50 20 5.3 +5.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -1 1.0 +0.7
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 12 8.4 +8.2
JAVA JPMorgan Active Value ETF 0.4 44 26 6.1 +5.9
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 41 7.2 +7.0
VGT Vanguard Information Technology ETF 0.4 10 60 4.7 +4.5
VTI Vanguard Total Stock Market ETF 0.4 3 67 5.1 +4.9
VTHR Vanguard Russell 3000 ETF 0.4 10 60 5.1 +4.9
GVLU Gotham 1000 Value ETF 0.4 50 20 7.6 +7.4
INNO Harbor Disruptive Innovation ETF 0.3 75 -5 -1.5 -1.8
IWV iShares Russell 3000 ETF 0.3 20 50 5.0 +4.7
FXO First Trust Financials AlphaDEX Fund 0.3 62 8 8.2 +7.9
VV Vanguard Large-Cap ETF 0.3 4 66 5.3 +5.1
VONE Vanguard Russell 1000 ETF 0.3 8 62 5.3 +5.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 51 6.5 +6.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 66 5.9 +5.7
ISCB iShares Morningstar Small-Cap ETF 0.3 4 66 5.1 +4.9
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 67 5.2 +5.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.3 59 11 8.4 +8.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -5 4.9 +4.7
IWB iShares Russell 1000 ETF 0.3 15 55 5.1 +4.9
DFUS Dimensional U.S. Equity ETF 0.3 9 61 5.1 +4.9
IUS Invesco RAFI Strategic US ETF 0.3 19 51 7.2 +7.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 63 5.6 +5.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 67 5.1 +4.9
PBUS Invesco MSCI USA ETF 0.3 4 66 5.2 +5.0
DFAU Dimensional US Core Equity Market ETF 0.3 12 58 5.3 +5.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 56 5.2 +5.0
SCHX Schwab U.S. Large-Cap ETF 0.3 3 67 5.3 +5.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 67 5.2 +4.9
STRV Strive 500 ETF 0.3 5 65 5.2 +5.0
VOOV Vanguard S&P 500 Value ETF 0.3 10 60 6.6 +6.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 70 5.3 +5.1
VTV Vanguard Value ETF 0.3 4 66 6.8 +6.6
SCHK Schwab 1000 Index ETF 0.3 5 65 5.3 +5.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 63 5.2 +5.0
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 60 5.4 +5.2
IYY iShares Dow Jones U.S. ETF 0.3 20 50 5.0 +4.8
CGGR Capital Group Growth ETF 0.3 39 31 3.6 +3.4
IVE iShares S&P 500 Value ETF 0.3 18 52 6.5 +6.3
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 66 6.7 +6.4
RVRB Reverb ETF 0.3 30 40 5.0 +4.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 59 5.2 +5.0
ETHO Etho Climate Leadership U.S. ETF 0.3 47 23 3.5 +3.3
VOTE TCW Transform 500 ETF 0.3 5 65 5.2 +5.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 68 5.2 +5.0
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 66 6.3 +6.1
APUE ActivePassive U.S. Equity ETF 0.3 45 25 4.9 +4.7
IUSV iShares Core S&P US Value ETF 0.3 4 66 6.7 +6.5
VONG Vanguard Russell 1000 Growth ETF 0.3 8 62 5.0 +4.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 62 5.2 +5.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 38 5.0 +4.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 45 5.6 +5.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 63 5.2 +5.0
MGC Vanguard Mega Cap ETF 0.3 7 63 5.1 +4.9
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 35 5.9 +5.7
SCHA Schwab U.S. Small-Cap ETF 0.3 4 66 4.5 +4.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 30 5.9 +5.7
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 31 7.1 +6.9
SMMD iShares Russell 2500 ETF 0.3 15 55 5.8 +5.6
TOK iShares MSCI Kokusai ETF 0.3 26 44 5.2 +5.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 21 5.2 +4.9
ILCV iShares Morningstar Value ETF 0.2 4 66 6.4 +6.2
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 18 5.4 +5.2
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 12 5.3 +5.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 11 6.0 +5.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 53 5.6 +5.4
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 47 8.7 +8.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 53 5.2 +5.0
MGK Vanguard Mega Cap Growth ETF 0.2 7 63 4.4 +4.2
BFOR ALPS Barron's 400 ETF 0.2 65 5 6.4 +6.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 50 5.8 +5.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 61 5.4 +5.2
URTH iShares MSCI World ETF 0.2 24 46 5.4 +5.1
EPS WisdomTree U.S. LargeCap Fund 0.2 8 62 6.2 +6.0
AVUS Avantis U.S. Equity ETF 0.2 15 55 5.9 +5.7
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 35 5.4 +5.1
BLES Inspire Global Hope ETF 0.2 61 9 6.4 +6.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 60 5.3 +5.1
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 61 4.9 +4.7
DSI iShares MSCI KLD 400 Social ETF 0.2 25 45 5.3 +5.1
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 62 4.7 +4.5
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 60 5.3 +5.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.7 +5.4
DFAS Dimensional U.S. Small Cap ETF 0.2 26 44 5.7 +5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 50 5.3 +5.1
IWF iShares Russell 1000 Growth ETF 0.2 19 51 4.9 +4.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 23 8.7 +8.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 61 5.6 +5.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 21 6.4 +6.2
JHML John Hancock Multifactor Large Cap ETF 0.2 29 41 5.6 +5.4
ACWI iShares MSCI ACWI ETF 0.2 32 38 5.5 +5.2
GWX SPDR S&P International Small Cap ETF 0.2 40 30 6.2 +6.0
DFUV Dimensional US Marketwide Value ETF 0.2 22 48 7.6 +7.3
NULC Nuveen ESG Large-Cap ETF 0.2 21 49 5.7 +5.5
VT Vanguard Total World Stock ETF 0.2 7 63 5.8 +5.6
VFVA Vanguard U.S. Value Factor ETF 0.2 13 57 10.3 +10.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 45 7.0 +6.8
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 21 5.7 +5.5
OALC OneAscent Large Cap Core ETF 0.2 86 -16 4.6 +4.4
OEF iShares S&P 100 ETF 0.2 20 50 5.0 +4.8
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 60 5.3 +5.1
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 50 6.2 +6.0
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 28 6.5 +6.2
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 28 5.8 +5.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 60 4.7 +4.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 50 5.1 +4.9
EVUS iShares ESG Aware MSCI USA Value ETF 0.2 18 52 6.6 +6.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 45 7.1 +6.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 50 6.1 +5.8
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 42 7.9 +7.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 50 7.2 +7.0
RWL Invesco S&P 500 Revenue ETF 0.2 39 31 6.8 +6.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 3 9.2 +9.0
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 45 5.6 +5.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 12 6.0 +5.8
DFIS Dimensional International Small Cap ETF 0.2 39 31 6.4 +6.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 61 5.0 +4.8
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 50 5.0 +4.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 9 5.8 +5.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 31 7.7 +7.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 28 6.1 +5.9
IWL iShares Russell Top 200 ETF 0.2 15 55 5.0 +4.8
IPKW Invesco International BuyBack Achievers ETF 0.2 55 15 9.5 +9.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 7.0 +6.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 59 5.0 +4.8
VOO Vanguard S&P 500 ETF 0.1 3 67 5.4 +5.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 46 7.3 +7.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 61 5.1 +4.9
XVV iShares ESG Screened S&P 500 ETF 0.1 8 62 5.1 +4.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 60 4.6 +4.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 50 5.0 +4.8
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 58 7.1 +6.9
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -5 6.7 +6.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 67 5.4 +5.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 41 5.1 +4.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 58 4.8 +4.6
HKND Humankind US Stock ETF 0.1 11 59 7.1 +6.9
IVV iShares Core S&P 500 ETF 0.1 3 67 5.3 +5.0
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 68 5.3 +5.1
SPY SPDR S&P 500 ETF Trust 0.1 9 61 5.2 +5.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 59 6.2 +6.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 30 6.2 +6.0
IGM iShares Expanded Tech Sector ETF 0.1 41 29 4.6 +4.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 12 5.9 +5.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 18 52 4.6 +4.4
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 55 5.3 +5.0
VIDI Vident International Equity Strategy ETF 0.1 61 9 11.9 +11.6
QGRO American Century U.S. Quality Growth ETF 0.1 29 41 4.8 +4.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 53 7.1 +6.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 63 6.4 +6.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 55 5.9 +5.7
SSLY Syntax Stratified SmallCap ETF 0.1 40 30 7.0 +6.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 61 5.7 +5.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 41 6.1 +5.9
HDUS Hartford Disciplined US Equity ETF 0.1 19 51 6.2 +5.9
JGRO JPMorgan Active Growth ETF 0.1 44 26 3.6 +3.4
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 20 6.3 +6.1
STXV Strive 1000 Value ETF 0.1 18 52 7.7 +7.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 31 4.3 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 46 6.1 +5.9
AVDE Avantis International Equity ETF 0.1 23 47 7.8 +7.5
SSPY Syntax Stratified LargeCap ETF 0.1 30 40 6.6 +6.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 41 6.2 +6.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 21 5.3 +5.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 40 5.9 +5.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 7.1 +6.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.0 39 31 8.9 +8.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -5 3.9 +3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 30 7.9 +7.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 41 9.9 +9.6
DWM WisdomTree International Equity Fund 0.0 48 22 7.8 +7.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 40 7.9 +7.6
DTH WisdomTree International High Dividend Fund 0.0 58 12 10.0 +9.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 52 7.0 +6.8
GXC SPDR S&P China ETF 0.0 59 11 9.1 +8.9
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 66 6.8 +6.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.2 +7.0
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 22 7.8 +7.6
IEUR iShares Core MSCI Europe ETF 0.0 11 59 6.6 +6.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 47 7.5 +7.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 63 6.7 +6.5
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 63 7.0 +6.8
VGK Vanguard FTSE Europe ETF 0.0 11 59 6.7 +6.4
IQSI IQ Candriam International Equity ETF 0.0 15 55 6.4 +6.1
SPEU SPDR Portfolio Europe ETF 0.0 7 63 6.6 +6.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.8 +6.6
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 4.0 +3.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 50 6.7 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 65 6.9 +6.7
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.5 +3.3
BKIE BNY Mellon International Equity ETF 0.0 4 66 6.9 +6.7
VSGX Vanguard ESG International Stock ETF 0.0 12 58 6.5 +6.3
AVEM Avantis Emerging Markets Equity ETF 0.0 33 37 8.8 +8.6
AVES Avantis Emerging Markets Value ETF 0.0 36 34 10.9 +10.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 61 6.8 +6.6
VPL Vanguard FTSE Pacific ETF 0.0 8 62 6.9 +6.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 21 6.2 +6.0
VXUS Vanguard Total International Stock ETF 0.0 7 63 6.9 +6.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 58 4.8 +4.6
DFSV Dimensional US Small Cap Value ETF 0.0 31 39 8.5 +8.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 25 6.6 +6.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 63 7.4 +7.2
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 62 7.2 +7.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 40 4.8 +4.6

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:

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 1.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 0.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 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.