Grayscale Future of Finance ETF
ALTAR
Score™		 -4.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -330.9x P/Sales
ratio		 2.7x
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 21
Wgt avg mkt cap (mns) $17,908
Large cap (>$10bn) 39.4%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 51.1%
Developed mkts 94.8%
Emerging mkts 5.2%

TOP TEN HOLDINGS
PAYPAL HOLDINGS, INC. 8.7 %
ROBINHOOD MARKETS, INC. CLASS A 8.0 %
BLOCK INC. 7.7 %
COINBASE GLOBAL, INC. CLASS A 7.6 %
MARATHON DIGITAL HOLDINGS INC 7.5 %
PLUS500 LTD. 5.2 %
HUT 8 MINING CORP. 4.7 %
IRIS ENERGY LTD. 4.7 %
CLEANSPARK, INC. 4.3 %
TERAWULF INC. 4.1 %
Total 62.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 65.0 %
CANADA 8.5 %
CHINA 6.0 %
ISRAEL 5.2 %
AUSTRALIA 4.7 %
JAPAN 3.8 %
GERMANY 3.4 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.9% 71.5% -- -- -13.7%

Market Correlations
versus... Beta R-squared
S&P500 2.64 47%
MSCI EAFE 2.32 35%
MSCI Emg. Mkts. 1.81 24%

Technical Indicators
Recent close $16.82
30d moving avg. $13.33
Annualized volatility 74.7%
Short interest (ETF) 1.9%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 1.00%
ADV underlying (mns) $5,336

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 365 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™: -4.0%


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 53.3 50 20 -8.5 -4.6
BKCH Global X Blockchain ETF 53.2 50 20 -5.2 -1.2
BITQ Bitwise Crypto Industry Innovators ETF 49.8 85 -15 -4.7 -0.7
IBLC iShares Blockchain and Tech ETF 45.0 47 23 -1.0 +3.0
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 38.9 85 -15 -0.9 +3.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 37.7 61 9 -13.0 -9.0
WGMI Valkyrie Bitcoin Miners ETF 37.5 75 -5 -10.7 -6.7
FDIG Fidelity Crypto Industry and Digital Payments ETF 36.7 39 31 -1.3 +2.6
BLOK Amplify Transformational Data Sharing ETF 31.6 75 -5 1.1 +5.1
STCE Schwab Crypto Thematic ETF 29.8 30 40 -8.0 -4.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 23.4 68 2 5.3 +9.2
BWEB Bitwise Web3 ETF 22.2 85 -15 0.9 +4.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 20.7 61 9 -4.0 -0.0
ARKF ARK Fintech Innovation ETF 20.0 75 -5 -2.2 +1.7
FINX Global X FinTech ETF 20.0 68 2 3.2 +7.2
ARKW ARK Next Generation Internet ETF 19.5 87 -17 -2.9 +1.1
ARKK ARK Innovation ETF 18.7 75 -5 -4.9 -1.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 16.4 75 -5 5.4 +9.3
IPO Renaissance IPO ETF 10.9 60 10 -3.2 +0.7
KOIN Capital Link Global Fintech Leaders ETF 9.2 75 -5 4.6 +8.6
BUZZ VanEck Social Sentiment ETF 8.6 75 -5 -0.7 +3.3
MVPS Amplify Thematic All-Stars ETF 7.0 49 21 1.7 +5.6
SFYF SoFi Social 50 ETF 6.5 29 41 -2.6 +1.3
MOON Direxion Moonshot Innovators ETF 6.0 65 5 0.0 +4.0
MILN Global X Millennial Consumer ETF 5.8 50 20 2.4 +6.4
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 5.4 40 30 5.5 +9.5
KOMP SPDR S&P Kensho New Economies Composite ETF 5.0 20 50 2.1 +6.0
FPX First Trust US Equity Opportunities ETF 5.0 61 9 0.6 +4.6
PFI Invesco Dorsey Wright Financial Momentum ETF 4.7 60 10 6.2 +10.2
BCDF Horizon Kinetics Blockchain Development ETF 4.4 85 -15 -0.7 +3.2
TIME Clockwise Core Equity & Innovation ETF 4.3 95 -25 2.0 +5.9
BPAY BlackRock Future Financial and Technology ETF 4.3 70 0 8.3 +12.3
AIEQ AI Powered Equity ETF 4.2 75 -5 6.1 +10.1
EMFQ Amplify Emerging Markets FinTech ETF 4.1 69 1 5.4 +9.4
JFWD Jacob Forward ETF 4.1 75 -5 0.0 +4.0
FDN First Trust Dow Jones Internet Index Fund 4.0 52 18 1.5 +5.4
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 2.6 +6.6
DARP Grizzle Growth ETF 3.9 75 -5 3.2 +7.1
AOTG AOT Growth and Innovation ETF 3.4 75 -5 3.0 +7.0
WCLD WisdomTree Cloud Computing Fund 3.3 45 25 1.5 +5.5
KCE SPDR S&P Capital Markets ETF 3.1 35 35 7.2 +11.2
LOUP Innovator Deepwater Frontier Tech ETF 3.0 70 0 2.3 +6.3
PKW Invesco Buyback Achievers ETF 2.5 62 8 7.1 +11.1
INNO Harbor Disruptive Innovation ETF 2.4 75 -5 -3.5 +0.4
GINN Goldman Sachs Innovate Equity ETF 2.3 52 18 2.7 +6.7
DTEC ALPS Disruptive Technologies ETF 2.3 50 20 3.3 +7.2
FNCL Fidelity MSCI Financials Index ETF 2.3 8 62 6.5 +10.4
VFH Vanguard Financials ETF 2.3 10 60 6.4 +10.4
IBUY Amplify Online Retail ETF 2.2 65 5 1.8 +5.7
SMRI Bushido Capital US Equity ETF 2.0 71 -1 10.2 +14.2
NUMV Nuveen ESG Mid-Cap Value ETF 1.9 31 39 7.4 +11.3
FDG American Century Focused Dynamic Growth ETF 1.9 45 25 2.7 +6.6
XSW SPDR S&P Software & Services ETF 1.9 35 35 2.9 +6.8
WISE Themes Generative Artificial Intelligence ETF 1.9 35 35 2.1 +6.1
IYJ iShares U.S. Industrials ETF 1.8 40 30 4.8 +8.8
ITAN Sparkline Intangible Value ETF 1.8 50 20 6.2 +10.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 10 5.6 +9.5
ITEQ BlueStar Israel Technology ETF BlueStar Israel Technology Fu 1.7 75 -5 1.6 +5.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.6 61 9 6.2 +10.1
XITK SPDR FactSet Innovative Technology ETF 1.6 45 25 2.7 +6.6
ISHP First Trust Nasdaq Retail ETF 1.6 60 10 3.2 +7.1
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 25 3.3 +7.3
TRFM AAM Transformers ETF 1.6 49 21 1.3 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 1.5 6 64 4.3 +8.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 5 8.4 +12.3
RSPF Invesco S&P 500 Equal Weight Financials ETF 1.5 40 30 7.1 +11.1
LCLG Logan Capital Broad Innovative Growth ETF 1.5 99 -29 4.9 +8.8
VXF Vanguard Extended Market ETF 1.4 6 64 3.9 +7.9
EQUL IQ Engender Equality ETF 1.2 45 25 6.8 +10.8
XLF Financial Select Sector SPDR Fund 1.2 9 61 6.0 +10.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 -5 3.8 +7.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.1 70 0 1.8 +5.8
SRHQ SRH U.S. Quality ETF 1.1 35 35 8.0 +12.0
BKWO BNY Mellon Women's Opportunities ETF 1.1 50 20 3.8 +7.8
LRND IQ U.S. Large Cap R&D Leaders ETF 1.1 14 56 6.3 +10.3
KRUZ Unusual Whales Subversive Republican Trading ETF 1.1 75 -5 4.9 +8.9
SPHB Invesco S&P 500 High Beta ETF 1.1 25 45 5.0 +8.9
IWC iShares Micro-Cap ETF 1.1 60 10 -4.3 -0.4
EQWL Invesco S&P 100 Equal Weight ETF 1.1 25 45 6.8 +10.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 12 4.8 +8.8
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 31 7.8 +11.8
VOT Vanguard Mid-Cap Growth ETF 1.0 7 63 4.2 +8.1
IYF iShares U.S. Financials ETF 1.0 40 30 6.3 +10.3
METV Roundhill Ball Metaverse ETF 1.0 59 11 3.4 +7.3
SIZE iShares MSCI USA Size Factor ETF 1.0 15 55 6.0 +10.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.0 40 30 4.1 +8.1
IWS iShares Russell Mid-Cap Value ETF 0.9 23 47 6.6 +10.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 35 4.8 +8.8
IYG iShares US Financial Services ETF 0.9 40 30 5.8 +9.8
DTCR Global X Data Center & Digital Infrastructure ETF 0.9 50 20 2.7 +6.6
LRGE ClearBridge Large Cap Growth ESG ETF 0.9 59 11 3.4 +7.3
ISRA VanEck Israel ETF 0.9 59 11 8.9 +12.9
FDMO Fidelity Momentum Factor ETF 0.9 15 55 3.7 +7.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 64 2.5 +6.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.8 58 12 10.9 +14.9
XT iShares Exponential Technologies ETF 0.8 46 24 3.9 +7.8
IWR iShares Russell Midcap ETF 0.8 19 51 5.7 +9.7
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 66 6.1 +10.1
BUYZ Franklin Disruptive Commerce ETF 0.8 50 20 2.1 +6.0
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 61 6.2 +10.1
VAMO Cambria Value & Momentum ETF 0.7 61 9 9.6 +13.6
IXG iShares Global Financials ETF 0.7 42 28 6.8 +10.8
VBK Vanguard Small-Cap Growth ETF 0.7 7 63 1.5 +5.4
PDP Invesco Dorsey Wright Momentum ETF 0.7 62 8 3.7 +7.6
SMOT VanEck Morningstar SMID Moat ETF 0.7 49 21 6.3 +10.3
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 57 2.8 +6.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.7 30 40 4.7 +8.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.6 4 66 4.3 +8.3
SNPV Xtrackers S&P 500 Value ESG ETF 0.6 15 55 6.8 +10.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 61 4.0 +7.9
LCF Touchstone US Large Cap Focused ETF 0.6 69 1 4.5 +8.5
VEGN US Vegan Climate ETF 0.6 60 10 4.7 +8.6
DGT SPDR Global Dow ETF 0.6 50 20 6.7 +10.6
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 50 6.4 +10.3
CHGX AXS Change Finance ESG ETF 0.6 49 21 5.1 +9.0
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 50 4.7 +8.7
WRND IQ Global Equity R&D Leaders ETF 0.6 18 52 7.2 +11.1
MGK Vanguard Mega Cap Growth ETF 0.6 7 63 4.4 +8.4
DFSU Dimensional US Sustainability Core 1 ETF 0.6 18 52 5.7 +9.7
CACG ClearBridge All Cap Growth ESG ETF 0.6 54 16 3.4 +7.4
IETC iShares U.S. Tech Independence Focused ETF 0.5 18 52 4.4 +8.4
FUNL CornerCap Fundametrics Large-Cap ETF 0.5 50 20 7.0 +10.9
QQQ Invesco QQQ Trust Series I 0.5 20 50 4.6 +8.6
QQQM Invesco NASDAQ 100 ETF 0.5 15 55 4.7 +8.7
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 42 4.7 +8.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 49 3.9 +7.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 10 6.0 +10.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.5 15 55 4.9 +8.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 45 6.8 +10.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 66 5.7 +9.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 11 6.2 +10.2
KRMA Global X Conscious Companies ETF 0.5 43 27 5.8 +9.8
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 10 1.2 +5.2
USVT US Value ETF 0.5 49 21 11.3 +15.3
CVAR Cultivar ETF 0.5 87 -17 6.9 +10.9
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 47 3.8 +7.8
IWO iShares Russell 2000 Growth ETF 0.5 24 46 1.4 +5.4
VFQY Vanguard U.S. Quality Factor ETF 0.5 13 57 7.2 +11.2
TMFC Motley Fool 100 Index ETF 0.5 50 20 4.0 +8.0
IEDI iShares U.S. Consumer Focused ETF 0.5 18 52 5.0 +8.9
VUG Vanguard Growth ETF 0.4 4 66 4.3 +8.2
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 55 3.7 +7.7
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -1 0.9 +4.8
STXG Strive 1000 Growth ETF 0.4 18 52 4.2 +8.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 6 2.1 +6.0
ISCB iShares Morningstar Small-Cap ETF 0.4 4 66 5.3 +9.3
GSPY Gotham Enhanced 500 ETF 0.4 50 20 5.3 +9.3
DFLV Dimensional US Large Cap Value ETF 0.4 22 48 7.8 +11.8
VO Vanguard Mid-Cap ETF 0.4 4 66 5.8 +9.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 61 6.0 +9.9
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 45 5.6 +9.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 60 5.4 +9.4
FLDZ RiverNorth Patriot ETF 0.4 75 -5 5.8 +9.8
ILCG iShares Morningstar Growth ETF 0.4 4 66 4.1 +8.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 31 8.9 +12.9
IWM iShares Russell 2000 ETF 0.4 19 51 3.6 +7.6
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 61 5.1 +9.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 58 4.8 +8.8
CGGR Capital Group Growth ETF 0.4 39 31 3.5 +7.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.4 75 -5 4.7 +8.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 60 5.2 +9.2
IWD iShares Russell 1000 Value ETF 0.4 19 51 6.6 +10.5
VONV Vanguard Russell 1000 Value ETF 0.4 8 62 6.7 +10.7
FBCG Fidelity Blue Chip Growth ETF 0.4 59 11 2.6 +6.5
VOOV Vanguard S&P 500 Value ETF 0.4 10 60 5.6 +9.5
VTWG Vanguard Russell 2000 Growth ETF 0.4 15 55 1.7 +5.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.4 14 56 5.4 +9.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 53 5.7 +9.6
ETHO Etho Climate Leadership U.S. ETF 0.4 47 23 4.1 +8.0
IVE iShares S&P 500 Value ETF 0.4 18 52 6.6 +10.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 66 6.7 +10.7
WUGI AXS Esoterica NextG Economy ETF 0.3 75 -5 2.1 +6.1
FTA First Trust Large Cap Value AlphaDEX Fund 0.3 59 11 8.2 +12.1
VONE Vanguard Russell 1000 ETF 0.3 8 62 5.2 +9.2
SCHX Schwab U.S. Large-Cap ETF 0.3 3 67 5.3 +9.2
IWB iShares Russell 1000 ETF 0.3 15 55 5.1 +9.1
VTHR Vanguard Russell 3000 ETF 0.3 10 60 5.1 +9.1
PBUS Invesco MSCI USA ETF 0.3 4 66 5.3 +9.2
IWV iShares Russell 3000 ETF 0.3 20 50 5.0 +9.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 51 6.5 +10.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 67 5.1 +9.1
DFAU Dimensional US Core Equity Market ETF 0.3 12 58 5.4 +9.3
VV Vanguard Large-Cap ETF 0.3 4 66 5.2 +9.2
IWN iShares Russell 2000 Value ETF 0.3 24 46 5.6 +9.6
AVDV Avantis International Small Cap Value ETF 0.3 36 34 8.0 +11.9
STRV Strive 500 ETF 0.3 5 65 5.2 +9.2
RVRB Reverb ETF 0.3 30 40 5.0 +8.9
IYY iShares Dow Jones U.S. ETF 0.3 20 50 5.1 +9.0
GVLU Gotham 1000 Value ETF 0.3 50 20 7.4 +11.4
SCHK Schwab 1000 Index ETF 0.3 5 65 5.3 +9.3
IUSV iShares Core S&P US Value ETF 0.3 4 66 6.8 +10.8
VOTE TCW Transform 500 ETF 0.3 5 65 5.2 +9.2
VTI Vanguard Total Stock Market ETF 0.3 3 67 5.1 +9.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 63 5.2 +9.2
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 67 5.3 +9.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 63 5.2 +9.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 67 5.2 +9.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 68 5.3 +9.2
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 41 7.2 +11.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 70 5.3 +9.2
IUS Invesco RAFI Strategic US ETF 0.3 19 51 7.3 +11.2
DFUS Dimensional U.S. Equity ETF 0.3 9 61 5.1 +9.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 38 5.2 +9.1
VONG Vanguard Russell 1000 Growth ETF 0.3 8 62 4.8 +8.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 59 5.2 +9.2
IWF iShares Russell 1000 Growth ETF 0.3 19 51 4.7 +8.7
STXK Strive Small-Cap ETF 0.3 18 52 5.5 +9.5
MGC Vanguard Mega Cap ETF 0.3 7 63 5.1 +9.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -5 4.9 +8.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 45 5.7 +9.6
VB Vanguard Small-Cap ETF 0.3 5 65 5.4 +9.3
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 12 8.8 +12.8
VTWO Vanguard Russell 2000 ETF 0.3 10 60 3.9 +7.8
BLES Inspire Global Hope ETF 0.3 61 9 6.3 +10.3
IWY iShares Russell Top 200 Growth ETF 0.3 20 50 4.9 +8.8
HKND Humankind US Stock ETF 0.3 11 59 7.0 +10.9
DSI iShares MSCI KLD 400 Social ETF 0.3 25 45 5.1 +9.1
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 31 7.3 +11.2
BFOR ALPS Barron's 400 ETF 0.3 65 5 6.6 +10.5
APUE ActivePassive U.S. Equity ETF 0.3 45 25 5.0 +9.0
SPAM Themes Cybersecurity ETF 0.3 35 35 2.0 +5.9
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 21 6.0 +10.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 11 5.6 +9.5
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 47 8.8 +12.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 52 4.3 +8.3
TOK iShares MSCI Kokusai ETF 0.3 26 44 5.3 +9.2
IGV iShares Expanded Tech-Software Sector ETF 0.3 41 29 3.3 +7.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 66 6.1 +10.1
SFYX SoFi Next 500 ETF 0.3 0 70 5.6 +9.6
ILCV iShares Morningstar Value ETF 0.2 4 66 6.7 +10.7
DFAS Dimensional U.S. Small Cap ETF 0.2 26 44 6.0 +10.0
EPS WisdomTree U.S. LargeCap Fund 0.2 8 62 6.3 +10.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 61 5.5 +9.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 61 5.0 +9.0
QGRO American Century U.S. Quality Growth ETF 0.2 29 41 5.8 +9.8
SFY SoFi Select 500 ETF 0.2 0 70 5.2 +9.1
URTH iShares MSCI World ETF 0.2 24 46 5.4 +9.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 63 5.8 +9.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.7 +9.7
OEF iShares S&P 100 ETF 0.2 20 50 5.0 +9.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 21 5.0 +8.9
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 28 6.6 +10.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 50 6.0 +9.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 23 9.8 +13.8
AVUS Avantis U.S. Equity ETF 0.2 15 55 6.0 +10.0
VTWV Vanguard Russell 2000 Value ETF 0.2 15 55 5.8 +9.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 9 7.2 +11.1
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 50 6.2 +10.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 66 6.3 +10.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 61 5.7 +9.6
ACWI iShares MSCI ACWI ETF 0.2 32 38 5.5 +9.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 45 7.1 +11.1
VFVA Vanguard U.S. Value Factor ETF 0.2 13 57 10.6 +14.6
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 60 5.3 +9.3
VT Vanguard Total World Stock ETF 0.2 7 63 5.8 +9.8
JHML John Hancock Multifactor Large Cap ETF 0.2 29 41 5.6 +9.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 60 4.9 +8.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 21 6.7 +10.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 50 5.6 +9.6
IWL iShares Russell Top 200 ETF 0.2 15 55 5.0 +9.0
DFUV Dimensional US Marketwide Value ETF 0.2 22 48 7.6 +11.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 50 5.1 +9.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 45 7.1 +11.1
RWL Invesco S&P 500 Revenue ETF 0.2 39 31 6.6 +10.6
VTV Vanguard Value ETF 0.2 4 66 7.0 +11.0
SMMD iShares Russell 2500 ETF 0.2 15 55 6.0 +10.0
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 28 0.0 +4.0
XVV iShares ESG Screened S&P 500 ETF 0.2 8 62 5.1 +9.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 3 9.2 +13.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 59 5.2 +9.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 61 5.2 +9.1
DFIS Dimensional International Small Cap ETF 0.2 39 31 6.7 +10.7
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 50 5.0 +8.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 66 4.9 +8.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 50 5.1 +9.0
VOO Vanguard S&P 500 ETF 0.2 3 67 5.3 +9.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 50 6.7 +10.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 41 5.1 +9.1
SPY SPDR S&P 500 ETF Trust 0.2 9 61 5.2 +9.2
IVV iShares Core S&P 500 ETF 0.2 3 67 5.3 +9.2
NULC Nuveen ESG Large-Cap ETF 0.2 21 49 5.5 +9.5
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 68 5.3 +9.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 53 5.4 +9.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 61 5.3 +9.3
IPKW Invesco International BuyBack Achievers ETF 0.2 55 15 9.1 +13.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 6.9 +10.9
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -5 7.6 +11.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 67 5.4 +9.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 60 4.8 +8.8
HDUS Hartford Disciplined US Equity ETF 0.1 19 51 6.2 +10.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 59 6.4 +10.4
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 62 4.8 +8.7
SQEW LeaderShares Equity Skew ETF 0.1 81 -11 6.1 +10.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 31 7.3 +11.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 58 5.1 +9.0
GWX SPDR S&P International Small Cap ETF 0.1 40 30 6.6 +10.6
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 55 5.2 +9.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 30 0.0 +4.0
ECNS iShares MSCI China Small-Cap ETF 0.1 59 11 14.2 +18.1
VGT Vanguard Information Technology ETF 0.1 10 60 4.7 +8.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 50 7.1 +11.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 28 5.8 +9.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 12 5.6 +9.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 35 6.0 +9.9
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 30 5.9 +9.9
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 55 6.1 +10.0
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 58 7.1 +11.1
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 20 6.4 +10.3
SUSA iShares MSCI USA ESG Select ETF 0.1 25 45 5.4 +9.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 63 6.5 +10.5
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 45 5.4 +9.4
PGJ Invesco Golden Dragon China ETF 0.1 70 0 4.9 +8.9
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 42 8.2 +12.2
VIDI Vident International Equity Strategy ETF 0.1 61 9 11.9 +15.9
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 53 7.1 +11.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 12 6.0 +9.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 41 6.3 +10.2
STXV Strive 1000 Value ETF 0.1 18 52 7.8 +11.8
JGRO JPMorgan Active Growth ETF 0.1 44 26 3.4 +7.4
AVDE Avantis International Equity ETF 0.1 23 47 7.9 +11.8
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 46 6.2 +10.2
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 41 5.8 +9.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 31 4.5 +8.5
SSPY Syntax Stratified LargeCap ETF 0.1 30 40 6.5 +10.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 40 6.1 +10.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -5 3.8 +7.7
IGM iShares Expanded Tech Sector ETF 0.0 41 29 4.5 +8.5
IWX iShares Russell Top 200 Value ETF 0.0 20 50 6.5 +10.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 52 6.9 +10.9
TXS Texas Capital Texas Equity Index ETF 0.0 49 21 5.6 +9.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 30 7.8 +11.8
AVES Avantis Emerging Markets Value ETF 0.0 36 34 12.1 +16.0
DWM WisdomTree International Equity Fund 0.0 48 22 7.8 +11.8
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 22 7.5 +11.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 66 6.7 +10.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.6 +11.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 7.7 +11.6
AVEM Avantis Emerging Markets Equity ETF 0.0 33 37 9.1 +13.0
IEUR iShares Core MSCI Europe ETF 0.0 11 59 -1.3 +2.7
DTH WisdomTree International High Dividend Fund 0.0 58 12 10.1 +14.1
SPEU SPDR Portfolio Europe ETF 0.0 7 63 6.6 +10.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 63 2.7 +6.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 47 7.4 +11.4
GXC SPDR S&P China ETF 0.0 59 11 9.0 +13.0
VGK Vanguard FTSE Europe ETF 0.0 11 59 6.8 +10.8
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 63 6.9 +10.9
VSGX Vanguard ESG International Stock ETF 0.0 12 58 6.8 +10.8
IQSI IQ Candriam International Equity ETF 0.0 15 55 6.4 +10.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 61 6.7 +10.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.9 +10.9
VEA Vanguard FTSE Developed Markets ETF 0.0 5 65 7.0 +11.0
VPL Vanguard FTSE Pacific ETF 0.0 8 62 7.0 +10.9
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 4.2 +8.1
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.6 +7.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 40 7.8 +11.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 0 7.2 +11.2
VXUS Vanguard Total International Stock ETF 0.0 7 63 7.1 +11.1
BKIE BNY Mellon International Equity ETF 0.0 4 66 6.9 +10.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 50 6.7 +10.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 58 4.5 +8.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 25 6.2 +10.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 21 6.4 +10.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 63 7.5 +11.5
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 62 7.6 +11.5
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 61 7.5 +11.5

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

  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

Content on this tab for subscribers only

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 -6.8 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score -4.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 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.