ETF Research Center

SPDR S&P Global Natural Resources ETF

ALTAR
Score™

10.1%

Recommen-
dation

SPECULATIVE

2025E 2026E
P/E ratio	15.2x	P/Sales ratio	1.0x
P/BV ratio	1.5x	Div. yield	3.3%

Description
Performance
Comps
Fundamentals
Valuation
Rating

SPDR S&P Global Natural Resources ETF is an exchanged-traded fund incorporated in the United States. The Fund seeks to track the performance of the S&P Global Natural Resources Index which tracks the global natural resources and commodities businesses.

FUND BASICS
Category	Global Equities
Fund Sponsor	SSGA Funds Management Inc
Website	www.spdrs.com
Inception date	Sep 13, 2010
Assets (mns)	$3,751
Currency	USD
Expense ratio	40 bp
Distributions	Semi-Annually

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	State Street Bank & Trust
Weighting	Tiered
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	93
Wgt avg mkt cap (mns)	$80,570
Large cap (>$10bn)	86.2%
Mid cap ($2-10bn)	12.2%
Small cap (<$2bn)	0.0%
Developed mkts	90.7%
Emerging mkts	8.9%

TOP TEN HOLDINGS
Total	34.7 %
BHP BILLITON LTD	4.6 %
EXXON MOBIL CORP	4.6 %
NUTRIEN LTD.	4.6 %
SHELL PLC	4.4 %
NEWMONT MINING CORP	3.2 %
UPM-KYMMENE OYJ	2.9 %
TOTAL SA	2.9 %
CHEVRON CORP	2.6 %
AGNICO-EAGLE MINES LTD	2.5 %
RELIANCE INDS-SPONS GDR 144A	2.4 %

TOP COUNTRY EXPOSURE
	UNITED STATES	31.3 %
	CANADA	17.6 %
	BRITAIN	8.8 %
	AUSTRALIA	7.9 %
	FINLAND	4.4 %
	BRAZIL	3.1 %
	FRANCE	2.9 %
	INDIA	2.4 %
	SWITZERLAND	2.3 %
	NORWAY	2.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru November 30)
Year-to-date	1 year	5 years	10 years	Since Incep.
22.7%	14.1%	11.3%	9.4%	4.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.70	50%
MSCI EAFE	0.89	59%
MSCI Emg. Mkts.	0.79	53%

Technical Indicators
Recent close	$62.31
30d moving avg.	$60.13
Annualized volatility	16.0%
Short interest (ETF)	0.5%
Relative strength (RSI)	60

Liquidity measures
Avg. volume (thou.)	137
Turnover	0.2%
Bid/Ask (% of price)	0.09%
ADV underlying (mns)	$10,773

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 1037 potential alternatives to the SPDR S&P Global Natural Resources ETF ETF based on the alternatives' overlap in portfolio holdings with GNR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

GNR

Expense:

40 bp

ALTAR Score™:

10.1%

ALTERNATIVE ETFs BASED ON OVERLAP WITH GNR
Ticker	Fund Name	Overlap¹ vs GNR (%)	Expense ratio (bp)	Savings vs GNR (bp)	ALTAR Score™ (%)	ALTAR vs GNR (%)
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	55.7	46	-6	9.4	-0.7
NANR	SPDR S&P North American Natural Resources ETF	45.7	35	5	7.8	-2.4
HAP	VanEck Natural Resources ETF	35.2	50	-10	8.7	-1.5
MXI	iShares Global Materials ETF	34.8	41	-1	7.1	-3.1
FTWO	Strive FAANG 2.0 ETF	31.3	49	-9	4.3	-5.8
IXC	iShares Global Energy ETF	29.1	44	-4	10.0	-0.1
IGE	iShares North American Natural Resources ETF	20.8	41	-1	7.3	-2.8
AVIE	Avantis� Inflation Focused Equity ETF	19.4	25	15	7.1	-3.1
GCOW	Pacer Global Cash Cows Dividend ETF	17.6	60	-20	10.3	+0.2
VAW	Vanguard Materials ETF	16.1	9	31	6.4	-3.8
PICK	iShares MSCI Global Metals & Mining Producers ETF	16.0	39	1	10.4	+0.3
FMAT	Fidelity MSCI Materials Index ETF	16.0	8	32	6.3	-3.8
CUT	Invesco MSCI Global Timber ETF	15.3	61	-21	10.7	+0.5
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	15.1	65	-25	10.5	+0.4
CCNR	ALPS CoreCommodity Natural Resources ETF	14.9	39	1	8.5	-1.6
ICOP	iShares Copper and Metals Mining ETF	14.6	47	-7	7.3	-2.8
RSPM	Invesco S&P 500 Equal Weight Materials ETF	14.5	40	0	7.9	-2.2
XLB	The Materials Select Sector SPDR Fund	14.5	8	32	6.4	-3.8
DFLV	Dimensional US Large Cap Value ETF	13.8	22	18	7.4	-2.8
VEGI	iShares MSCI Agriculture Producers ETF	13.7	39	1	9.0	-1.2
SPVU	Invesco S&P 500 Enhanced Value ETF	13.2	13	27	9.8	-0.3
FENY	Fidelity MSCI Energy Index ETF	12.7	8	32	9.1	-1.1
FTXN	First Trust Nasdaq Oil & Gas ETF	12.7	60	-20	12.2	+2.1
GXPE	Global X PureCap MSCI Energy ETF	12.7	25	15	8.8	-1.4
IYE	iShares U.S. Energy ETF	12.7	40	0	8.9	-1.2
XLE	The Energy Select Sector SPDR Fund	12.7	8	32	9.1	-1.1
VDE	Vanguard Energy ETF	12.7	9	31	9.0	-1.1
EWC	iShares MSCI Canada ETF	12.7	50	-10	5.7	-4.4
RSPG	Invesco S&P 500 Equal Weight Energy ETF	12.7	40	0	11.1	+1.0
VFLO	VictoryShares Free Cash Flow ETF	12.6	39	1	9.9	-0.3
EIPX	FT Energy Income Partners Strategy ETF	12.3	95	-55	8.1	-2.1
COWZ	Pacer US Cash Cows 100 ETF	12.3	49	-9	8.4	-1.8
USCF	Themes US Cash Flow Champions ETF	12.2	29	11	8.4	-1.8
PYZ	Invesco Dorsey Wright Basic Materials Momentum ETF	11.8	60	-20	5.2	-5.0
TEXN	iShares Texas Equity ETF	11.8	20	20	6.2	-3.9
MAGA	Point Bridge America First ETF	11.8	72	-32	6.2	-3.9
FNDF	Schwab Fundamental International Large Co. Index ETF	11.6	25	15	9.1	-1.0
LGCF	Themes US Cash Flow Champions ETF	11.6	30	10	8.0	-2.1
DRLL	Strive U.S. Energy ETF	11.6	41	-1	10.4	+0.3
IVRA	Invesco Real Assets ESG ETF	11.6	59	-19	6.5	-3.6
FXN	First Trust Energy AlphaDEX Fund	11.3	62	-22	14.7	+4.6
ONEY	State Street SPDR Russell 1000 Yield Focus ETF	11.1	20	20	10.1	-0.1
FXZ	First Trust Materials AlphaDEX Fund	11.1	61	-21	9.3	-0.9
IYM	iShares U.S. Basic Materials ETF	11.1	40	0	6.1	-4.1
SMRI	Bushido Capital US Equity ETF	11.0	71	-31	9.9	-0.2
AVLV	Avantis U.S. Large Cap Value ETF	10.8	15	25	7.7	-2.4
COPX	Global X Copper Miners ETF	10.8	65	-25	5.5	-4.6
FTRI	First Trust Indxx Global Natural Resources Income ETF	10.7	70	-30	7.6	-2.5
WOOD	iShares Global Timber & Forestry ETF	10.7	42	-2	12.9	+2.8
DFUV	Dimensional US Marketwide Value ETF	10.7	22	18	7.3	-2.9
DTH	WisdomTree International High Dividend Fund	10.6	58	-18	7.9	-2.3
SDOG	ALPS Sector Dividend Dogs ETF	10.6	36	4	9.5	-0.7
LVHI	Franklin International Low Volatility High Dividend Index ET	10.5	40	0	10.0	-0.1
SGDM	Sprott Gold Miners ETF	10.5	50	-10	2.7	-7.4
FDL	First Trust Morningstar Dividend Leaders Index Fund	10.4	45	-5	10.7	+0.6
FTAG	First Trust Indxx Global Agriculture ETF	10.4	70	-30	8.3	-1.9
EQIN	Columbia US Equity Income ETF	10.4	35	5	6.9	-3.3
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	10.2	60	-20	4.3	-5.8
STXV	Strive 1000 Value ETF	10.2	18	22	8.1	-2.0
TPHD	Timothy Plan High Dividend Stock ETF	10.1	52	-12	7.2	-3.0
TPHE	Timothy Plan High Dividend Stock Enhanced ETF	10.1	54	-14	7.2	-3.0
FTA	First Trust Large Cap Value AlphaDEX Fund	10.0	59	-19	8.8	-1.4
RFDI	First Trust Riverfront Dynamic Developed International ETF	9.8	83	-43	9.0	-1.2
DIVN	Horizon Dividend Income ETF	9.8	70	-30	7.7	-2.4
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	9.8	45	-5	8.3	-1.9
IMCV	iShares Morningstar Mid-Cap Value ETF	9.8	6	34	8.1	-2.0
PWV	Invesco Large Cap Value ETF	9.7	55	-15	7.5	-2.6
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	9.6	35	5	14.6	+4.5
INEQ	Columbia International Equity Income ETF	9.6	45	-5	7.4	-2.7
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	9.6	60	-20	5.8	-4.3
DHS	WisdomTree U.S. High Dividend Fund	9.5	38	2	8.1	-2.1
HDV	iShares Core High Dividend ETF	9.4	8	32	7.1	-3.0
PXI	Invesco Dorsey Wright Energy Momentum ETF	9.4	60	-20	6.8	-3.3
VFVA	Vanguard U.S. Value Factor ETF	9.4	13	27	10.3	+0.2
EV	Mast Global Battery Recycling & Production ETF	9.2	65	-25	7.6	-2.5
DIVL	Madison Dividend Value ETF	9.2	65	-25	5.4	-4.8
IUS	Invesco RAFI Strategic US ETF	9.2	19	21	6.8	-3.4
BBCA	JPMorgan BetaBuilders Canada ETF	9.2	19	21	6.0	-4.1
SCHY	Schwab International Dividend Equity ETF	9.1	14	26	9.6	-0.5
REVS	Columbia Research Enhanced Value ETF	9.1	19	21	7.6	-2.5
DURA	VanEck Durable High Dividend ETF	9.1	29	11	7.4	-2.7
PTL	Inspire 500 ETF	9.0	9	31	5.3	-4.8
BLES	Inspire Global Hope ETF	9.0	61	-21	6.8	-3.4
FEGE	First Eagle Global Equity ETF	8.9	79	-39	6.4	-3.7
RING	iShares MSCI Global Gold Miners ETF	8.9	39	1	3.8	-6.3
COPA	Themes Copper Miners ETF	8.9	35	5	4.4	-5.8
MOO	VanEck Agribusiness ETF	8.8	53	-13	10.4	+0.3
PY	Principal Value ETF	8.8	15	25	7.2	-3.0
VOE	Vanguard Mid-Cap Value ETF	8.8	7	33	7.7	-2.4
AKAF	The Frontier Economic Fund	8.7	20	20	6.2	-3.9
NVIR	Horizon Kinetics Energy and Remediation ETF	8.7	85	-45	6.7	-3.5
DGRW	WisdomTree US Quality Dividend Growth Fund	8.7	28	12	5.6	-4.5
SFGV	Sequoia Global Value ETF	8.7	23	17	8.2	-2.0
DEW	WisdomTree Global High Dividend Fund	8.6	58	-18	8.1	-2.0
FNDX	Schwab Fundamental US Large Co. Index ETF	8.6	25	15	7.2	-3.0
JPUS	JPMorgan Diversified Return U.S. Equity ETF	8.6	18	22	7.8	-2.3
EFV	iShares MSCI EAFE Value ETF	8.5	34	6	8.4	-1.8
SURE	AdvisorShares Insiders Advantage ETF	8.5	90	-50	9.5	-0.6
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	8.5	19	21	6.2	-3.9
FLCA	Franklin FTSE Canada ETF	8.4	9	31	6.1	-4.0
FLGB	Franklin FTSE United Kingdom ETF	8.3	9	31	7.3	-2.9
FYLD	Cambria Foreign Shareholder Yield ETF	8.3	59	-19	11.1	+1.0
AGMI	Themes Silver Miners ETF	8.3	35	5	3.9	-6.2
QDIV	Global X S&P 500 Quality Dividend ETF	8.3	20	20	8.9	-1.2
GPT	Intelligent Alpha Atlas ETF	8.2	69	-29	5.8	-4.3
EWU	iShares MSCI United Kingdom ETF	8.2	50	-10	7.8	-2.3
EIPI	FT Energy Income Partners Enhanced Income ETF	8.2	110	-70	7.0	-3.1
WWJD	Inspire International ETF	8.1	80	-40	7.1	-3.1
BBAX	JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF	8.1	19	21	5.4	-4.7
SCHD	Schwab US Dividend Equity ETF	8.1	6	34	10.0	-0.1
VYM	Vanguard High Dividend Yield Index ETF	8.1	6	34	7.0	-3.2
SLVP	iShares MSCI Global Silver Miners ETF	8.1	39	1	4.5	-5.7
EPP	iShares MSCI Pacific ex-Japan ETF	8.1	47	-7	5.2	-4.9
BATT	Amplify Lithium & Battery Technology ETF	8.1	59	-19	1.9	-8.2
LYLD	Cambria Large Cap Shareholder Yield ETF	8.1	59	-19	9.5	-0.6
FNDB	Schwab Fundamental US Broad Market Index ETF	8.1	25	15	7.2	-3.0
FEX	First Trust Large Cap Core AlphaDEX Fund	7.9	59	-19	5.8	-4.3
DIVB	iShares Core Dividend ETF	7.9	5	35	8.1	-2.1
EWA	iShares MSCI Australia ETF	7.9	50	-10	5.8	-4.4
CRTC	Xtrackers US National Critical Technologies ETF	7.9	35	5	4.8	-5.3
IDV	iShares International Select Dividend ETF	7.8	51	-11	10.2	+0.1
FIVA	Fidelity International Value Factor ETF	7.8	18	22	8.9	-1.2
DOL	WisdomTree International LargeCap Dividend Fund	7.8	48	-8	6.7	-3.4
VLU	State Street SPDR S&P 1500 Value Tilt ETF	7.7	12	28	7.3	-2.9
DVYA	iShares Asia/Pacific Dividend ETF	7.7	49	-9	7.3	-2.9
EQRR	ProShares Equities for Rising Rates ETF	7.7	35	5	7.8	-2.4
IMCB	iShares Morningstar Mid-Cap ETF	7.7	4	36	6.2	-3.9
DVY	iShares Select Dividend ETF	7.6	38	2	9.0	-1.1
IVLU	iShares MSCI Intl Value Factor ETF	7.6	30	10	9.4	-0.7
DFIV	Dimensional International Value ETF	7.5	27	13	8.8	-1.4
SSPY	Syntax Stratified LargeCap ETF	7.5	30	10	6.7	-3.4
XME	State Street SPDR S&P Metals & Mining ETF	7.5	35	5	6.8	-3.4
SHUS	Syntax Stratified U.S. Total Market Hedged ETF	7.5	65	-25	6.3	-3.8
ECML	Euclidean Fundamental Value ETF	7.3	95	-55	9.9	-0.2
FAB	First Trust Multi Cap Value AlphaDEX Fund	7.3	67	-27	9.8	-0.4
DLN	WisdomTree U.S. LargeCap Dividend Fund	7.2	28	12	6.0	-4.1
FLAU	Franklin FTSE Australia ETF	7.2	9	31	6.2	-3.9
PRF	Invesco FTSE RAFI US 1000 ETF	7.2	39	1	6.7	-3.5
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	7.2	60	-20	8.0	-2.1
GVUS	Marketbeta Russell 1000 Value Equity ETF	7.2	12	28	6.5	-3.7
EQAL	Invesco Russell 1000 Equal Weight ETF	7.2	20	20	7.1	-3.1
DFVX	Dimensional US Large Cap Vector ETF	7.1	22	18	6.2	-3.9
RPV	Invesco S&P 500 Pure Value ETF	7.1	35	5	10.0	-0.2
VTV	Vanguard Value ETF	7.1	4	36	6.8	-3.4
FCTR	First Trust Lunt U.S. Factor Rotation ETF	7.1	65	-25	2.1	-8.0
VSDA	VictoryShares Dividend Accelerator ETF	7.0	35	5	7.3	-2.8
RWL	Invesco S&P 500 Revenue ETF	7.0	39	1	6.7	-3.4
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	7.0	15	25	7.7	-2.4
VO	Vanguard Mid-Cap ETF	6.9	4	36	6.0	-4.2
NETZ	TCW Transform Systems ETF	6.9	75	-35	2.5	-7.6
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	6.9	9	31	8.9	-1.3
IQLT	iShares MSCI Intl Quality Factor ETF	6.8	30	10	6.1	-4.1
VOOV	Vanguard S&P 500 Value ETF	6.8	7	33	6.2	-3.9
PEXL	Pacer US Export Leaders ETF	6.8	60	-20	4.5	-5.6
IVE	iShares S&P 500 Value ETF	6.8	18	22	6.1	-4.1
SPYV	State Street SPDR Portfolio S&P 500 Value ETF	6.8	4	36	6.2	-3.9
STXI	Strive International Developed Markets ETF	6.8	29	11	6.3	-3.8
MBOX	Freedom Day Dividend ETF	6.7	39	1	7.7	-2.4
BIBL	Inspire 100 ETF	6.7	35	5	5.2	-5.0
FEOE	First Eagle Overseas Equity ETF	6.7	79	-39	6.7	-3.4
AVMV	Avantis U.S. Mid Cap Value ETF	6.7	20	20	8.7	-1.5
WTV	WisdomTree US Value Fund of Benef Interest	6.7	12	28	8.8	-1.4
TXS	Texas Capital Texas Equity Index ETF	6.7	49	-9	6.1	-4.1
IPKW	Invesco International BuyBack Achievers ETF	6.6	55	-15	8.6	-1.5
SDY	State Street SPDR S&P Dividend ETF	6.6	35	5	6.8	-3.3
DTD	WisdomTree U.S. Total Dividend Fund	6.6	28	12	6.3	-3.8
SNPV	Xtrackers S&P 500 Value ESG ETF	6.6	15	25	6.7	-3.4
LIVR	Intelligent Livermore ETF	6.6	69	-29	3.5	-6.6
EBI	Longview Advantage ETF	6.6	35	5	6.7	-3.5
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	6.6	35	5	6.2	-3.9
IUSV	iShares Core S&P US Value ETF	6.5	4	36	6.3	-3.8
VYMI	Vanguard International High Dividend Yield ETF	6.5	17	23	8.9	-1.2
NBCT	Neuberger Berman Carbon Transition Infrastructure ETF	6.5	55	-15	6.4	-3.7
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	6.5	80	-40	8.4	-1.7
TPLC	Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	6.5	52	-12	5.7	-4.4
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	6.5	58	-18	5.7	-4.4
SIXA	ETC 6 Meridian Mega Cap Equity ETF	6.4	80	-40	6.9	-3.2
IWS	iShares Russell Mid-Cap Value ETF	6.4	23	17	7.1	-3.1
DGLO	First Trust RBA Deglobalization ETF	6.4	70	-30	6.6	-3.5
FTDS	First Trust Dividend Strength ETF	6.4	70	-30	8.4	-1.8
FUNL	CornerCap Fundametrics Large-Cap ETF	6.4	50	-10	7.1	-3.1
SPDV	AAM S&P 500 High Dividend Value ETF	6.4	29	11	11.8	+1.7
VONV	Vanguard Russell 1000 Value ETF	6.3	7	33	6.5	-3.7
IWD	iShares Russell 1000 Value ETF	6.3	19	21	6.3	-3.8
SCHV	Schwab U.S. Large-Cap Value ETF	6.2	4	36	6.7	-3.4
HLAL	Wahed FTSE USA Shariah ETF	6.2	50	-10	4.6	-5.5
MDLV	Morgan Dempsey Large Cap Value ETF	6.2	58	-18	7.1	-3.0
GINX	SGI Enhanced Global Income ETF	6.1	98	-58	7.8	-2.3
JHMD	John Hancock Multifactor Developed International ETF	6.1	39	1	7.1	-3.1
CSTK	Invesco Comstock Contrarian Equity ETF	6.1	35	5	6.7	-3.4
DWM	WisdomTree International Equity Fund	6.1	48	-8	6.9	-3.3
TTAI	FCF International Quality ETF	6.1	59	-19	7.4	-2.7
JIVE	JPMorgan International Value ETF	6.1	55	-15	10.6	+0.4
FELV	Fidelity Enhanced Large Cap Value ETF	6.1	18	22	6.7	-3.5
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	6.0	24	16	8.2	-1.9
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	6.0	9	31	6.2	-4.0
DIVI	Franklin International Core Dividend Tilt Index ETF	6.0	9	31	7.5	-2.7
IWX	iShares Russell Top 200 Value ETF	6.0	20	20	6.0	-4.2
SYLD	Cambria Shareholder Yield ETF	6.0	59	-19	12.2	+2.1
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	6.0	40	0	7.0	-3.1
HAPY	Harbor Human Capital Factor Unconstrained ETF	5.9	50	-10	5.9	-4.3
ILCV	iShares Morningstar Value ETF	5.9	4	36	6.3	-3.9
ESGG	FlexShares STOXX Global ESG Select Index Fund	5.9	42	-2	5.2	-4.9
CZA	Invesco Zacks Mid-Cap ETF	5.9	72	-32	7.4	-2.8
DGT	State Street SPDR Global Dow ETF	5.9	50	-10	6.5	-3.6
QEFA	SPDR MSCI EAFE StrategicFactors ETF	5.9	30	10	6.7	-3.5
QVAL	Alpha Architect US Quantitative Value ETF	5.9	39	1	10.1	-0.1
IDOG	ALPS International Sector Dividend Dogs ETF	5.9	50	-10	11.3	+1.1
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd ETF	5.8	35	5	7.8	-2.3
SPMV	Invesco S&P 500 Minimum Variance ETF	5.8	10	30	5.6	-4.5
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	5.8	38	2	7.8	-2.4
DGRO	iShares Core Dividend Growth ETF	5.8	8	32	6.5	-3.6
TPIF	Timothy Plan International ETF	5.8	62	-22	6.0	-4.1
BKIE	BNY Mellon International Equity ETF	5.8	4	36	6.6	-3.6
PPIE	Putnam PanAgora ESG International Equity ETF	5.8	49	-9	7.1	-3.0
CWI	SPDR MSCI ACWI ex-US ETF	5.8	30	10	7.3	-2.8
ICAP	InfraCap Equity Income Fund ETF	5.8	171	-131	4.3	-5.9
AFOS	ARS Focused Opportunities Strategy ETF	5.7	45	-5	3.1	-7.1
GEW	Cambria Global EW ETF	5.7	29	11	5.9	-4.2
MGV	Vanguard Mega Cap Value ETF	5.7	7	33	6.4	-3.7
SCHF	Schwab International Equity ETF	5.7	6	34	7.0	-3.2
UMMA	Wahed Dow Jones Islamic World ETF	5.7	65	-25	4.8	-5.3
XOEF	iShares S&P 500 ex S&P 100 ETF	5.7	20	20	5.6	-4.5
RFEU	First Trust Riverfront Dynamic Europe ETF	5.7	83	-43	10.0	-0.1
INTF	iShares International Equity Factor ETF	5.6	15	25	7.2	-2.9
WOMN	Impact Shares YWCA Women's Empowerment ETF	5.5	75	-35	5.6	-4.6
LVDS	JPMorgan Fundamental Data Science Large Value ETF	5.5	49	-9	6.1	-4.1
RSP	Invesco S&P 500 Equal Weight ETF	5.5	20	20	6.7	-3.5
ABEQ	Absolute Select Value ETF	5.5	85	-45	4.7	-5.4
AUMI	Themes Gold Miners ETF	5.4	35	5	3.4	-6.8
JIRE	JPMorgan International Research Enhanced Equity ETF	5.4	24	16	6.8	-3.4
FBCV	Fidelity Blue Chip Value ETF	5.4	59	-19	7.2	-2.9
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	5.4	46	-6	6.5	-3.6
IDEV	iShares Core MSCI International Developed Markets ETF	5.4	4	36	6.6	-3.5
IQDF	FlexShares International Quality Dividend Index Fund	5.4	47	-7	8.3	-1.8
FIDI	Fidelity International High Dividend ETF	5.4	18	22	7.9	-2.3
JPIN	J.P. Morgan Diversified Return International Equity ETF	5.4	37	3	7.8	-2.4
AVUS	Avantis U.S. Equity ETF	5.3	15	25	5.7	-4.4
SIZE	iShares MSCI USA Size Factor ETF	5.3	15	25	6.2	-3.9
SPDW	SPDR Portfolio Developed World ex-US ETF	5.3	3	37	6.6	-3.5
IWR	iShares Russell Midcap ETF	5.3	19	21	6.2	-4.0
BBEU	JPMorgan BetaBuilders Europe ETF	5.3	9	31	6.9	-3.2
EUSA	iShares MSCI USA Equal Weighted ETF	5.3	9	31	6.2	-3.9
EVUS	iShares ESG Aware MSCI USA Value ETF	5.3	18	22	6.4	-3.8
PRXV	Praxis Impact Large Cap Value ETF	5.2	36	4	6.6	-3.6
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	5.2	20	20	6.0	-4.1
CEFA	Global X S&P Catholic Values Developed ex-US ETF	5.2	35	5	6.2	-3.9
DIVD	Altrius Global Dividend ETF Altrius Global Divid ETF	5.2	49	-9	9.0	-1.1
FEP	First Trust Europe AlphaDEX Fund	5.2	80	-40	7.8	-2.3
CBSE	Clough Select Equity ETF	5.1	85	-45	1.2	-9.0
GDX	VanEck Gold Miners ETF	5.1	51	-11	3.4	-6.8
ULVM	VictoryShares US Value Momentum ETF	5.1	20	20	7.3	-2.8
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	5.1	7	33	10.9	+0.7
VEA	Vanguard FTSE Developed Markets ETF	5.1	3	37	6.7	-3.4
IEV	iShares Europe ETF	5.1	67	-27	6.5	-3.6
EPS	WisdomTree U.S. LargeCap Fund	5.1	8	32	5.7	-4.4
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	5.0	36	4	6.3	-3.8
QINT	American Century Quality Diversified International ETF	5.0	39	1	6.7	-3.4
FLEE	Franklin FTSE Europe ETF	5.0	9	31	6.9	-3.2
HFXI	IQ FTSE International Equity Currency Neutral ETF	5.0	20	20	6.5	-3.6
PKW	Invesco Buyback Achievers ETF	5.0	62	-22	7.9	-2.2
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	5.0	20	20	6.7	-3.4
GSID	Goldman Sachs MarketBeta International Equity ETF	4.9	20	20	6.4	-3.7
HKND	Humankind US Stock ETF	4.9	11	29	7.1	-3.1
GMET	VanEck Green Metals ETF	4.9	63	-23	7.1	-3.1
FDVV	Fidelity High Dividend ETF	4.9	15	25	7.6	-2.5
JVAL	JPMorgan U.S. Value Factor ETF	4.9	12	28	7.7	-2.4
SPXT	ProShares S&P 500 Ex-Technology ETF	4.9	9	31	5.5	-4.6
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	4.9	32	8	4.9	-5.2
AVIV	Avantis International Large Cap Value ETF	4.8	25	15	8.1	-2.0
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	4.8	49	-9	4.9	-5.2
VWID	Virtus WMC International Dividend ETF	4.8	49	-9	7.9	-2.3
FVAL	Fidelity Value Factor ETF	4.8	15	25	6.7	-3.4
KROP	Global X AgTech & Food Innovation ETF	4.8	50	-10	8.0	-2.1
CFA	VictoryShares US 500 Volatility Wtd ETF	4.8	35	5	6.1	-4.1
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	4.8	40	0	6.0	-4.1
BBLU	EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF	4.8	15	25	4.9	-5.2
AVMC	Avantis U.S. Mid Cap Equity ETF	4.8	18	22	6.8	-3.4
ASLV	Allspring Special Large Value ETF	4.8	35	5	6.5	-3.7
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	4.7	30	10	10.4	+0.2
XMAG	Defiance Large Cap ex-Mag 7 ETF	4.7	35	5	5.1	-5.0
TBG	TBG Dividend Focus ETF	4.7	59	-19	7.9	-2.3
CIL	VictoryShares International Volatility Wtd ETF	4.7	45	-5	6.3	-3.8
RECS	Columbia Research Enhanced Core ETF	4.7	15	25	5.8	-4.4
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	4.7	29	11	6.4	-3.7
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	4.7	35	5	6.0	-4.1
ION	ProShares S&P Global Core Battery Metals ETF	4.7	58	-18	7.1	-3.1
EFA	iShares MSCI EAFE ETF	4.7	35	5	6.3	-3.8
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	4.7	85	-45	6.2	-3.9
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	4.7	58	-18	6.7	-3.4
FLOW	Global X U.S. Cash Flow Kings 100 ETF	4.7	25	15	11.9	+1.8
FCPI	Fidelity Stocks for Inflation ETF	4.6	15	25	8.0	-2.1
FDEV	Fidelity International Multifactor ETF	4.6	18	22	7.3	-2.9
BINV	Brandes International ETF	4.6	70	-30	9.1	-1.0
YLDE	ClearBridge Dividend Strategy ESG ETF	4.6	60	-20	5.7	-4.4
UIVM	VictoryShares International Value Momentum ETF	4.6	35	5	8.4	-1.8
RBLD	First Trust Alerian US NextGen Infrastructure ETF	4.6	65	-25	5.0	-5.2
IQDG	WisdomTree International Quality Dividend Growth Fund	4.5	42	-2	6.8	-3.3
ACWX	iShares MSCI ACWI ex U.S. ETF	4.5	34	6	7.2	-2.9
QWLD	SPDR MSCI World StrategicFactors ETF	4.5	30	10	5.7	-4.4
IEUR	iShares Core MSCI Europe ETF	4.4	11	29	7.0	-3.1
INFL	Horizon Kinetics Inflation Beneficiaries ETF	4.4	85	-45	3.4	-6.7
EFNL	iShares MSCI Finland ETF	4.4	56	-16	6.3	-3.9
JHML	John Hancock Multifactor Large Cap ETF	4.4	29	11	5.3	-4.8
EFAV	iShares MSCI EAFE Min Vol Factor ETF	4.4	22	18	5.8	-4.3
KOKU	Xtrackers MSCI Kokusai Equity ETF	4.4	9	31	5.1	-5.0
VLUE	iShares MSCI USA Value Factor ETF	4.4	15	25	9.2	-1.0
FTXG	First Trust Nasdaq Food & Beverage ETF	4.4	60	-20	8.1	-2.0
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	4.4	47	-7	7.7	-2.5
DIVY	Sound Equity Dividend Income ETF	4.4	45	-5	9.9	-0.3
AFLG	First Trust Active Factor Large Cap ETF	4.4	55	-15	6.4	-3.8
VRAI	Virtus Real Asset Income ETF	4.3	55	-15	10.1	-0.0
YALL	God Bless America ETF	4.3	65	-25	4.7	-5.5
DFAI	Dimensional International Core Equity Market ETF	4.3	18	22	6.7	-3.4
IYK	iShares U.S. Consumer Staples ETF	4.3	40	0	6.7	-3.4
JAVA	JPMorgan Active Value ETF	4.3	44	-4	6.3	-3.8
QLV	FlexShares US Quality Low Volatility Index Fund	4.3	22	18	5.8	-4.4
TIME	Clockwise Core Equity & Innovation ETF	4.3	95	-55	4.0	-6.2
IVAL	Alpha Architect International Quantitative Value ETF	4.3	49	-9	9.8	-0.3
VGK	Vanguard FTSE Europe ETF	4.3	6	34	7.2	-3.0
DSPY	Tema S&P 500 Historical Weight ETF	4.3	18	22	5.1	-5.0
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	4.3	41	-1	7.1	-3.0
TMDV	ProShares Russell US Dividend Growers ETF	4.2	35	5	6.9	-3.3
BGIG	Bahl & Gaynor Income Growth ETF	4.2	45	-5	5.2	-5.0
WDNA	WisdomTree BioRevolution Fund	4.2	45	-5	-1.9	-12.0
JQUA	JPMorgan U.S. Quality Factor ETF	4.2	12	28	5.9	-4.2
ESGD	iShares ESG Aware MSCI EAFE ETF	4.2	20	20	6.3	-3.9
GOP	Unusual Whales Subversive Republican Trading ETF	4.2	50	-10	5.3	-4.8
DIVG	Invesco S&P 500 High Dividend Growers ETF	4.2	39	1	8.4	-1.7
VEU	Vanguard FTSE All-World ex-US Index Fund	4.2	4	36	7.6	-2.5
SNPE	Xtrackers S&P 500 ESG ETF	4.2	10	30	5.0	-5.2
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	4.2	39	1	7.5	-2.7
TOK	iShares MSCI Kokusai ETF	4.2	26	14	4.9	-5.2
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	4.2	18	22	7.2	-2.9
QUS	State Street SPDR MSCI USA StrategicFactors ETF	4.1	15	25	5.7	-4.5
SLX	VanEck Steel ETF	4.1	56	-16	13.1	+3.0
GVLU	Gotham 1000 Value ETF	4.1	50	-10	9.4	-0.7
GSIE	Goldman Sachs ActiveBeta International Equity ETF	4.1	25	15	6.8	-3.3
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	4.1	40	0	13.4	+3.2
ANEW	ProShares MSCI Transformational Changes ETF	4.1	45	-5	5.3	-4.8
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	4.1	25	15	7.1	-3.1
IEFA	iShares Core MSCI EAFE ETF	4.0	7	33	6.6	-3.5
IDHQ	Invesco S&P International Developed High Quality ETF	4.0	29	11	6.4	-3.8
KLMN	Invesco MSCI North America Climate ETF	4.0	9	31	5.0	-5.1
SPVM	Invesco S&P 500 Value with Momentum ETF	4.0	39	1	7.4	-2.7
PBJ	Invesco Food & Beverage ETF	4.0	57	-17	8.5	-1.6
QDF	FlexShares Quality Dividend Index Fund	4.0	37	3	6.3	-3.9
DXUV	Dimensional US Vector Equity ETF	4.0	28	12	6.0	-4.1
ROUS	Hartford Multifactor US Equity ETF	4.0	19	21	6.9	-3.2
DCOR	Dimensional US Core Equity 1 ETF	4.0	14	26	5.4	-4.8
URTH	iShares MSCI World ETF	4.0	24	16	4.9	-5.2
ACVF	American Conservative Values ETF	4.0	75	-35	4.3	-5.8
NUDV	Nuveen ESG Dividend ETF	4.0	26	14	7.5	-2.6
DFAC	Dimensional U.S. Core Equity 2 ETF	4.0	17	23	5.5	-4.7
CRAK	VanEck Oil Refiners ETF	3.9	61	-21	11.8	+1.6
FKU	First Trust United Kingdom AlphaDEX Fund	3.9	80	-40	7.7	-2.5
FXG	First Trust Consumer Staples AlphaDEX Fund	3.9	63	-23	8.8	-1.3
DEUS	Xtrackers Russell US Multifactor ETF	3.9	17	23	6.9	-3.2
USCA	Xtrackers MSCI USA Climate Action Equity ETF	3.9	7	33	5.1	-5.0
NACP	Impact Shares NAACP Minority Empowerment ETF	3.9	49	-9	4.7	-5.4
IXUS	iShares Core MSCI Total International Stock ETF	3.9	7	33	7.5	-2.7
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	3.9	9	31	5.5	-4.6
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	3.8	65	-25	-1.3	-11.4
TOPC	iShares S&P 500 3% Capped ETF	3.8	15	25	5.1	-5.1
FENI	Fidelity Enhanced International ETF	3.8	28	12	6.1	-4.0
CGDG	Capital Group Dividend Growers ETF	3.8	47	-7	6.0	-4.2
IOO	iShares Global 100 ETF	3.8	41	-1	4.6	-5.5
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	3.8	45	-5	4.5	-5.6
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	3.8	27	13	7.2	-2.9
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	3.8	20	20	5.1	-5.1
PFM	Invesco Dividend Achievers ETF	3.8	53	-13	5.3	-4.8
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	3.8	20	20	8.2	-2.0
INRO	iShares U.S. Industry Rotation Active ETF	3.8	42	-2	4.7	-5.5
STOX	Horizon Core Equity ETF	3.8	70	-30	4.2	-5.9
SPXN	ProShares S&P 500 Ex-Financials ETF	3.8	9	31	4.9	-5.2
SFTY	Horizon Managed Risk ETF	3.8	77	-37	4.2	-6.0
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	3.8	60	-20	9.9	-0.2
NUMV	Nuveen ESG Mid-Cap Value ETF	3.8	31	9	6.8	-3.3
USMC	Principal U.S. Mega-Cap ETF	3.7	12	28	4.5	-5.6
KLMT	Invesco MSCI Global Climate 500 ETF	3.7	10	30	5.6	-4.5
VXUS	Vanguard Total International Stock ETF	3.7	5	35	7.6	-2.6
HDUS	Hartford Disciplined US Equity ETF	3.7	19	21	5.8	-4.4
FEZ	SPDR EURO STOXX 50 ETF	3.7	29	11	6.3	-3.8
DIHP	Dimensional International High Profitability ETF	3.7	29	11	6.5	-3.6
RDIV	Invesco S&P Ultra Dividend Revenue ETF	3.6	39	1	11.4	+1.3
SPEU	SPDR Portfolio Europe ETF	3.6	7	33	7.1	-3.1
PID	Invesco International Dividend Achievers ETF	3.6	53	-13	5.1	-5.0
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	3.6	32	8	5.9	-4.3
ACWI	iShares MSCI ACWI ETF	3.6	32	8	5.3	-4.8
FFLC	Fidelity Fundamental Large Cap Core ETF	3.6	38	2	4.5	-5.6
DVND	Touchstone Dividend Select ETF	3.6	67	-27	5.5	-4.6
IPAC	iShares Core MSCI Pacific ETF	3.5	9	31	6.0	-4.2
FPA	First Trust Asia Pacific ex-Japan AlphaDEX Fund	3.5	80	-40	9.7	-0.4
DTAN	Sparkline International Intangible Value ETF	3.5	55	-15	8.0	-2.1
QVML	Invesco S&P 500 QVM Multi-factor ETF	3.5	11	29	5.1	-5.0
PEY	Invesco High Yield Equity Dividend Achievers ETF	3.5	52	-12	9.7	-0.5
SPXV	ProShares S&P 500 Ex-Health Care ETF	3.5	9	31	4.7	-5.5
RODE	Hartford Multifactor Diversified International ETF	3.5	29	11	10.3	+0.2
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	3.5	18	22	5.7	-4.4
BKLC	BNY Mellon US Large Cap Core Equity ETF	3.5	0	40	4.9	-5.2
KNO	AXS Knowledge Leaders ETF	3.5	78	-38	5.6	-4.5
VOTE	TCW Transform 500 ETF	3.5	5	35	4.9	-5.2
JHMM	John Hancock Multifactor Mid Cap ETF	3.5	42	-2	6.2	-3.9
SETM	Sprott Energy Transition Materials ETF	3.5	65	-25	2.0	-8.2
EWQ	iShares MSCI France ETF	3.4	53	-13	6.8	-3.4
BBUS	JP Morgan Betabuilders U.S. Equity ETF	3.4	2	38	5.0	-5.2
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	3.4	14	26	5.9	-4.3
KOCG	FIS Knights of Columbus Global Belief ETF	3.4	75	-35	4.9	-5.2
SHE	State Street SPDR MSCI USA Gender Diversity ETF	3.4	20	20	5.3	-4.8
OTGL	OTG Latin America ETF	3.4	269	-229	8.3	-1.8
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	3.4	45	-5	6.8	-3.4
SPDG	State Street SPDR Portfolio S&P Sector Neutral Dividend ETF	3.4	5	35	7.9	-2.2
USMV	iShares MSCI USA Min Vol Factor ETF	3.4	15	25	5.7	-4.4
JHID	John Hancock International High Dividend ETF	3.4	46	-6	9.0	-1.1
FDRR	Fidelity Dividend ETF for Rising Rates	3.4	15	25	6.8	-3.4
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	3.4	12	28	6.0	-4.1
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	3.4	11	29	4.9	-5.2
GLOF	iShares Global Equity Factor ETF	3.4	20	20	6.7	-3.5
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	3.4	7	33	4.8	-5.3
FVD	First Trust Value Line Dividend Index Fund	3.4	65	-25	6.3	-3.9
DXIV	Dimensional International Vector Equity ETF	3.3	34	6	7.4	-2.8
DFAU	Dimensional US Core Equity Market ETF	3.3	12	28	5.0	-5.1
EUDG	WisdomTree Europe Quality Dividend Growth Fund	3.3	58	-18	6.6	-3.5
RAUS	RACWI US ETF	3.3	15	25	4.9	-5.2
HAPI	Harbor Human Capital Factor US Large Cap ETF	3.3	36	4	4.9	-5.2
BRIF	FIS Bright Portfolios Focused Equity ETF	3.3	65	-25	4.8	-5.3
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	3.3	25	15	5.4	-4.8
VFMF	Vanguard U.S. Multifactor ETF	3.3	18	22	7.6	-2.5
VT	Vanguard Total World Stock ETF	3.3	6	34	5.7	-4.4
QUVU	Hartford Quality Value ETF	3.3	46	-6	7.3	-2.8
RVRB	Reverb ETF	3.3	30	10	4.6	-5.6
CVAR	Cultivar ETF	3.3	87	-47	7.4	-2.8
KRMA	Global X Conscious Companies ETF	3.3	43	-3	6.0	-4.1
VALQ	American Century U.S. Quality Value ETF	3.3	29	11	7.8	-2.3
FEUZ	First Trust Eurozone AlphaDEX ETF	3.2	80	-40	7.4	-2.7
AIVL	WisdomTree U.S. AI Enhanced Value Fund	3.2	38	2	6.4	-3.7
EZU	iShares MSCI Eurozone ETF	3.2	52	-12	6.4	-3.8
CATH	Global X S&P 500 Catholic Values Custom ETF	3.2	29	11	4.7	-5.5
IGRO	iShares International Dividend Growth ETF	3.2	15	25	6.9	-3.2
FMTM	MarketDesk Focused U.S. Momentum ETF	3.2	45	-5	4.2	-5.9
STRN	SMART Trend 25 ETF	3.2	59	-19	3.4	-6.7
FLV	American Century Focused Large Cap Value ETF	3.2	42	-2	6.7	-3.4
ADME	Aptus Drawdown Managed Equity ETF	3.2	79	-39	3.9	-6.2
ILCB	iShares Morningstar U.S. Equity ETF	3.2	3	37	4.8	-5.3
VOO	Vanguard S&P 500 ETF	3.2	3	37	4.9	-5.2
CGIE	Capital Group International Equity ETF	3.2	54	-14	4.9	-5.3
IMTM	iShares MSCI Intl Momentum Factor ETF	3.2	30	10	5.1	-5.0
FDLO	Fidelity Low Volatility Factor ETF	3.2	15	25	5.5	-4.6
CHRI	Global X S&P 500 Christian Values ETF	3.2	29	11	4.6	-5.5
GXLC	Global X U.S. 500 ETF	3.1	2	38	4.8	-5.3
IVV	iShares Core S&P 500 ETF	3.1	3	37	4.9	-5.2
SPY	SPDR S&P 500 ETF	3.1	9	31	4.8	-5.3
SPYM	State Street SPDR Portfolio S&P 500 ETF	3.1	2	38	4.9	-5.2
FTGS	First Trust Growth Strength ETF	3.1	60	-20	4.5	-5.6
BMVP	Invesco Bloomberg MVP Multi-factor ETF	3.1	29	11	7.4	-2.7
WBAT	WisdomTree Battery Value Chain and Innovation Fund	3.1	45	-5	1.7	-8.4
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	3.1	80	-40	5.9	-4.2
STRV	Strive 500 ETF	3.1	5	35	4.8	-5.3
TOV	JLens 500 Jewish Advocacy U.S. ETF	3.1	18	22	4.6	-5.5
SAMT	Strategas Macro Thematic Opportunities ETF	3.1	65	-25	2.6	-7.5
BRAZ	Global X Brazil Active ETF	3.1	75	-35	11.6	+1.5
COPY	Tweedy, Browne Insider + Value ETF	3.1	80	-40	11.4	+1.3
OEI	Optimized Equity Income ETF	3.1	75	-35	3.9	-6.3
VV	Vanguard Large-Cap ETF	3.0	4	36	4.8	-5.3
PBUS	Invesco MSCI USA ETF	3.0	4	36	4.9	-5.2
VONE	Vanguard Russell 1000 ETF	3.0	7	33	4.9	-5.2
VIG	Vanguard Dividend Appreciation ETF	3.0	5	35	5.5	-4.6
DAK	Dakota Active Equity ETF	3.0	43	-3	4.5	-5.7
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	3.0	9	31	5.3	-4.8
IWB	iShares Russell 1000 ETF	3.0	15	25	4.8	-5.3
CCSO	Carbon Collective Climate Solutions US Equity ETF	3.0	35	5	1.3	-8.9
BEEX	BeeHive ETF	3.0	84	-44	4.3	-5.9
SWP	SWP Growth & Income ETF	3.0	99	-59	4.1	-6.0
BFOR	ALPS Barron's 400 ETF	3.0	65	-25	5.8	-4.3
SPTM	State Street SPDR Portfolio S&P 1500 Composite Stock Market	3.0	3	37	5.1	-5.1
FELC	Fidelity Enhanced Large Cap Core ETF	3.0	18	22	5.3	-4.8
SPXM	Azoria 500 Meritocracy ETF	3.0	47	-7	4.5	-5.6
IYY	iShares Dow Jones U.S. ETF	3.0	20	20	4.7	-5.4
VPL	Vanguard FTSE Pacific ETF	3.0	7	33	6.3	-3.9
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	2.9	42	-2	6.6	-3.6
RJMG	FT Raymond James Multicap Growth Equity ETF	2.9	85	-45	3.0	-7.1
SCHX	Schwab U.S. Large-Cap ETF	2.9	3	37	5.0	-5.2
DFIC	Dimensional International Core Equity 2 ETF	2.9	23	17	7.0	-3.1
EQWL	Invesco S&P 100 Equal Weight ETF	2.9	25	15	6.1	-4.0
DFUS	Dimensional U.S. Equity ETF	2.9	9	31	4.8	-5.4
NULV	Nuveen ESG Large-Cap Value ETF	2.9	26	14	6.2	-3.9
VTHR	Vanguard Russell 3000 ETF	2.9	7	33	4.8	-5.3
IWV	iShares Russell 3000 ETF	2.9	20	20	4.7	-5.5
URA	Global X Uranium ETF	2.9	69	-29	1.1	-9.0
APUE	ActivePassive U.S. Equity ETF	2.9	45	-5	4.6	-5.5
SCHK	Schwab 1000 Index ETF	2.9	5	35	5.0	-5.2
DWX	SPDR S&P International Dividend ETF	2.9	45	-5	7.2	-3.0
BKCI	BNY Mellon Concentrated International ETF	2.9	80	-40	5.1	-5.1
FCG	First Trust Natural Gas ETF	2.9	60	-20	18.6	+8.4
VTI	Vanguard Total Stock Market ETF	2.9	3	37	4.8	-5.3
AVDE	Avantis International Equity ETF	2.9	23	17	7.0	-3.2
FSCS	First Trust SMID Capital Strength ETF	2.9	60	-20	7.2	-2.9
CVY	Invesco Zacks Multi-Asset Income ETF	2.8	106	-66	11.6	+1.5
SHRY	First Trust Bloomberg Shareholder Yield ETF	2.8	60	-20	10.5	+0.4
ICPY	Tweedy, Browne International Insider Value ETF	2.8	80	-40	11.3	+1.2
ITOT	iShares Core S&P Total U.S. Stock Market ETF	2.8	3	37	4.8	-5.3
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	2.8	50	-10	8.6	-1.5
LCDS	JPMorgan Fundamental Data Science Large Core ETF	2.8	30	10	4.8	-5.4
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	2.8	30	10	7.4	-2.7
RNMC	First Trust Mid Cap US Equity Select ETF	2.8	60	-20	7.0	-3.2
SCHB	Schwab U.S. Broad Market ETF	2.8	3	37	4.9	-5.2
FQAL	Fidelity Quality Factor ETF	2.8	15	25	5.8	-4.3
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	2.8	39	1	6.4	-3.8
GSPY	Gotham Enhanced 500 ETF	2.8	50	-10	5.3	-4.9
DMAT	Global X Disruptive Materials ETF	2.8	59	-19	6.6	-3.5
USCL	iShares Climate Conscious & Transition MSCI USA ETF	2.8	8	32	4.9	-5.2
SYNB	Putnam BioRevolution ETF	2.7	70	-30	2.5	-7.6
FGD	First Trust Dow Jones Global Select Dividend Index Fund	2.7	56	-16	10.8	+0.7
MCDS	JPMorgan Fundamental Data Science Mid Core ETF	2.7	35	5	5.7	-4.4
YOKE	Yoke Core ETF	2.7	42	-2	5.0	-5.1
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	2.7	12	28	5.7	-4.5
DSTL	Distillate US Fundamental Stability & Value ETF	2.7	39	1	8.5	-1.6
TIIV	AAM Todd International Intrinsic Value ETF	2.7	54	-14	11.1	+0.9
JHDV	John Hancock U.S. High Dividend ETF	2.7	34	6	6.8	-3.4
VSLU	Applied Finance Valuation Large Cap ETF	2.7	49	-9	5.9	-4.2
ROE	Astoria US Quality Kings ETF	2.7	49	-9	6.9	-3.2
SMOT	VanEck Morningstar SMID Moat ETF	2.7	49	-9	6.7	-3.5
JGLO	JPMorgan Global Select Equity ETF	2.7	33	7	5.0	-5.1
USMF	WisdomTree U.S. Multifactor Fund	2.7	28	12	7.4	-2.8
POWA	Invesco Bloomberg Pricing Power ETF	2.7	40	0	5.9	-4.2
UPGD	Invesco Bloomberg Analyst Rating Improvers ETF	2.7	40	0	6.0	-4.2
CGXU	Capital Group International Focus Equity ETF	2.7	54	-14	5.4	-4.7
ABLD	Abacus FCF Real Assets Leaders ETF	2.7	69	-29	7.0	-3.1
SCHM	Schwab U.S. Mid-Cap ETF	2.6	4	36	6.9	-3.2
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	2.6	29	11	7.4	-2.8
DJD	Invesco Dow Jones Industrial Average Dividend ETF	2.6	7	33	7.6	-2.6
AGQI	First Trust Active Global Quality Income ETF	2.6	85	-45	5.2	-5.0
EDOW	First Trust Dow 30 Equal Weight ETF	2.6	50	-10	5.4	-4.8
BDIV	AAM Brentview Dividend Growth ETF	2.6	49	-9	4.3	-5.8
PAVE	Global X U.S. Infrastructure Development ETF	2.6	47	-7	5.1	-5.1
ESGU	iShares ESG Aware MSCI USA ETF	2.6	15	25	4.8	-5.3
DON	WisdomTree U.S. MidCap Dividend Fund	2.6	38	2	9.0	-1.1
OALC	OneAscent Large Cap Core ETF	2.6	86	-46	4.1	-6.0
SPEM	SPDR Portfolio Emerging Markets ETF	2.6	7	33	10.5	+0.4
LRGF	iShares U.S. Equity Factor ETF	2.6	8	32	5.5	-4.7
FSST	Fidelity Sustainable U.S. Equity ETF	2.5	59	-19	4.3	-5.9
TOPT	iShares Top 20 U.S. Stocks ETF	2.5	20	20	4.0	-6.2
PRAY	FIS Christian Stock Fund	2.5	69	-29	5.1	-5.0
SGLC	SGI U.S. Large Cap Core ETF	2.5	85	-45	4.1	-6.0
PXE	Invesco Energy Exploration & Production ETF	2.5	60	-20	16.2	+6.0
GQI	Natixis Gateway Quality Income ETF	2.5	34	6	5.1	-5.1
IWL	iShares Russell Top 200 ETF	2.5	15	25	4.5	-5.6
DGIN	VanEck Digital India ETF	2.4	71	-31	1.4	-8.8
NDIA	Global X India Active ETF	2.4	75	-35	5.5	-4.7
HELX	Franklin Genomic Advancements ETF	2.4	50	-10	-0.4	-10.5
UTRN	Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	2.4	75	-35	5.2	-4.9
FICS	First Trust International Developed Capital Strength ETF	2.4	70	-30	7.3	-2.9
DIVZ	TrueShares Low Volatility Equity Income ETF	2.4	65	-25	6.4	-3.7
IMCG	iShares Morningstar Mid-Cap Growth ETF	2.4	6	34	4.2	-5.9
CGDV	Capital Group Dividend Value ETF	2.4	33	7	4.6	-5.5
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	2.4	15	25	6.0	-4.2
SFY	SoFi Select 500 ETF	2.4	0	40	4.5	-5.6
ZIG	Acquirers Fund	2.3	84	-44	19.7	+9.6
RFFC	ALPS Active Equity Opportunity ETF	2.3	48	-8	4.5	-5.7
LCF	Touchstone US Large Cap Focused ETF	2.3	69	-29	4.3	-5.9
EMC	Global X Emerging Markets Great Consumer ETF	2.3	75	-35	8.7	-1.4
JMOM	JPMorgan U.S. Momentum Factor ETF	2.3	12	28	4.6	-5.5
CGGR	Capital Group Growth ETF	2.3	39	1	3.5	-6.7
IDMO	Invesco S&P International Developed Momentum ETF	2.3	25	15	5.6	-4.5
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	2.3	56	-16	6.2	-3.9
DEHP	Dimensional Emerging Markets High Profitability ETF	2.3	41	-1	6.5	-3.7
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	2.3	15	25	6.6	-3.5
FFND	Future Fund Active ETF	2.3	100	-60	3.8	-6.4
HWAY	Themes US Infrastructure ETF	2.3	29	11	5.9	-4.3
VBR	Vanguard Small Cap Value ETF	2.3	7	33	8.9	-1.3
AVEM	Avantis Emerging Markets Equity ETF	2.3	33	7	8.2	-1.9
HGRO	Hedgeye Quality Growth ETF	2.2	70	-30	3.6	-6.5
SPHQ	Invesco S&P 500 Quality ETF	2.2	15	25	5.6	-4.6
GSFP	Goldman Sachs Future Planet Equity ETF	2.2	75	-35	4.4	-5.7
ILF	iShares Latin America 40 ETF	2.2	48	-8	11.7	+1.5
USRD	Themes US R&D Champions ETF	2.2	29	11	4.7	-5.4
RAFE	PIMCO RAFI ESG U.S. ETF	2.2	29	11	6.8	-3.3
XLG	Invesco S&P 500 Top 50 ETF	2.2	20	20	4.2	-6.0
BLCR	iShares Large Cap Core Active ETF	2.2	36	4	3.7	-6.4
FRDM	Freedom 100 Emerging Markets ETF	2.2	49	-9	7.2	-2.9
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	2.2	15	25	4.6	-5.5
ROAM	Hartford Multifactor Emerging Markets ETF	2.2	44	-4	11.3	+1.2
MGC	Vanguard Mega Cap ETF	2.2	7	33	4.6	-5.5
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	2.2	61	-21	6.8	-3.3
OEF	iShares S&P 100 ETF	2.2	20	20	4.4	-5.7
AVES	Avantis Emerging Markets Value ETF	2.2	36	4	10.6	+0.5
JEPI	JPMorgan Equity Premium Income ETF	2.2	35	5	5.7	-4.4
CZAR	Themes Natural Monopoly ETF	2.2	35	5	5.5	-4.6
VNSE	Natixis Vaughan Nelson Select ETF	2.2	80	-40	4.8	-5.3
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	2.1	39	1	1.6	-8.5
IFRA	iShares U.S. Infrastructure ETF	2.1	30	10	6.4	-3.7
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	2.1	14	26	4.9	-5.3
AVXC	Avantis Emerging Markets Ex-China Equity ETF	2.1	33	7	8.0	-2.2
FNK	First Trust Mid Cap Value AlphaDEX Fund	2.1	70	-30	10.5	+0.4
JOET	Virtus Terranova US Quality Momentum ETF	2.1	29	11	4.9	-5.2
DEXC	Dimensional Emerging Markets ex China Core EquityETF	2.1	53	-13	7.2	-2.9
VIDI	Vident International Equity Strategy ETF	2.1	61	-21	10.3	+0.1
ABIG	Argent Large Cap ETF	2.0	49	-9	5.2	-4.9
FMDE	Fidelity Enhanced Mid Cap ETF	2.0	23	17	6.0	-4.1
RSPE	Invesco ESG S&P 500 Equal Weight ETF	2.0	20	20	6.3	-3.8
NORW	Global X MSCI Norway ETF	2.0	50	-10	10.6	+0.4
ENOR	iShares MSCI Norway ETF	2.0	53	-13	10.4	+0.3
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	2.0	24	16	7.0	-3.1
WCEO	Hypatia Women CEO ETF	2.0	85	-45	3.2	-7.0
SIXL	ETC 6 Meridian Low Beta Equity ETF	2.0	80	-40	6.4	-3.7
TEMP	JPMorgan Climate Change Solutions ETF	2.0	49	-9	5.8	-4.3
PSL	Invesco Dorsey Wright Consumer Staples Momentum ETF	2.0	60	-20	6.6	-3.5
FDMO	Fidelity Momentum Factor ETF	2.0	15	25	3.7	-6.5
RNIN	Bushido Capital US SMID Cap Equity ETF	1.9	70	-30	12.3	+2.2
CRBN	iShares MSCI ACWI Low Carbon Target ETF	1.9	20	20	5.4	-4.8
INCE	Franklin Income Equity Focus ETF	1.9	29	11	5.8	-4.3
IQSU	IQ Candriam U.S. Large Cap Equity ETF	1.9	9	31	4.8	-5.3
DINT	Davis Select International ETF	1.9	55	-15	7.7	-2.5
LRGC	AB US Large Cap Strategic Equities ETF	1.9	48	-8	4.5	-5.6
GMF	SPDR S&P Emerging Asia Pacific ETF	1.9	49	-9	9.6	-0.6
DIA	SPDR Dow Jones Industrial Average ETF	1.9	16	24	5.4	-4.8
LGDX	Intech S&P Large Cap Diversified Alpha ETF	1.9	25	15	4.9	-5.2
QLC	FlexShares US Quality Large Cap Index Fund	1.9	25	15	5.3	-4.9
IMFL	Invesco International Developed Dynamic Multifactor ETF	1.9	34	6	5.8	-4.4
CGUS	Capital Group Core Equity ETF	1.9	33	7	4.4	-5.7
WLDR	Affinity World Leaders Equity ETF	1.9	67	-27	7.7	-2.5
FLRG	Fidelity U.S. Multifactor ETF	1.9	15	25	7.0	-3.2
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	1.9	15	25	8.9	-1.2
VFMV	Vanguard U.S. Minimum Volatility ETF	1.9	13	27	5.9	-4.2
AFK	VanEck Africa Index ETF	1.8	98	-58	14.0	+3.8
NUDM	Nuveen ESG International Developed Markets Equity ETF	1.8	31	9	5.8	-4.3
SPHB	Invesco S&P 500 High Beta ETF	1.8	25	15	4.7	-5.5
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	1.8	10	30	5.0	-5.1
VAMO	Cambria Value & Momentum ETF	1.8	61	-21	6.1	-4.0
GVAL	Cambria Global Value ETF	1.8	68	-28	10.4	+0.3
EGLE	Global X S&P 500 U.S. Revenue Leaders ETF	1.8	19	21	5.5	-4.7
IDLV	Invesco S&P International Developed Low Volatility ETF	1.8	25	15	6.5	-3.7
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	1.8	30	10	8.1	-2.0
FNX	First Trust Mid Cap Core AlphaDEX Fund	1.8	60	-20	6.8	-3.3
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	1.8	65	-25	4.6	-5.6
UDI	USCF Dividend Income Fund	1.8	65	-25	8.0	-2.1
LNGX	Global X U.S. Natural Gas ETF	1.8	45	-5	13.2	+3.1
DYNF	BlackRock U.S. Equity Factor Rotation ETF	1.8	30	10	4.5	-5.7
FSTA	FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF	1.8	8	32	6.1	-4.1
DFAT	Dimensional U.S. Targeted Value ETF	1.8	28	12	9.8	-0.4
FLDZ	RiverNorth Patriot ETF	1.8	75	-35	6.2	-3.9
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.8	60	-20	6.4	-3.8
RFDA	RiverFront Dynamic US Dividend Advantage ETF	1.8	52	-12	6.2	-3.9
DFEV	Dimensional Emerging Markets Value ETF	1.7	43	-3	11.9	+1.8
HYP	Golden Eagle Dynamic Hypergrowth ETF	1.7	85	-45	-1.2	-11.3
QUAL	iShares MSCI USA Quality Factor ETF	1.7	15	25	5.2	-4.9
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.7	7	33	5.7	-4.4
DSTX	Distillate International Fundamental Stability & Value ETF	1.7	55	-15	7.5	-2.6
VDC	Vanguard Consumer Staples ETF	1.7	9	31	6.1	-4.1
WDIV	SPDR S&P Global Dividend ETF	1.7	40	0	8.9	-1.2
EPU	iShares MSCI Peru and Global Exposure ETF	1.7	59	-19	5.8	-4.4
SPGP	Invesco S&P 500 GARP ETF	1.7	34	6	6.8	-3.3
HUSV	First Trust Horizon Managed Volatility Domestic ETF	1.7	70	-30	5.1	-5.0
DFSU	Dimensional US Sustainability Core 1 ETF	1.7	18	22	5.3	-4.9
MMTM	State Street SPDR S&P 1500 Momentum Tilt ETF	1.7	12	28	4.0	-6.1
BKWO	BNY Mellon Women's Opportunities ETF	1.7	50	-10	3.9	-6.3
EFAS	Global X MSCI SuperDividend EAFE ETF	1.7	57	-17	8.3	-1.8
SUSL	iShares ESG MSCI USA Leaders ETF	1.7	10	30	4.9	-5.2
DUSA	Davis Select U.S. Equity ETF	1.7	61	-21	7.3	-2.9
AVSD	Avantis Responsible International Equity ETF	1.7	23	17	5.1	-5.1
DVLU	First Trust Dorsey Wright Momentum & Value ETF	1.6	60	-20	6.1	-4.1
RDVY	First Trust Rising Dividend Achievers ETF	1.6	50	-10	6.3	-3.9
VIGI	Vanguard International Dividend Appreciation ETF	1.6	10	30	6.3	-3.9
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	1.6	30	10	8.5	-1.6
FJP	First Trust Japan AlphaDEX Fund	1.6	80	-40	7.9	-2.2
VB	Vanguard Small-Cap ETF	1.6	5	35	6.0	-4.1
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	1.6	25	15	6.0	-4.1
BWEB	Bitwise Web3 ETF	1.6	85	-45	0.0	-10.1
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	1.6	40	0	7.3	-2.8
XLP	The Consumer Staples Select Sector SPDR Fund	1.6	8	32	6.3	-3.8
VFQY	Vanguard U.S. Quality Factor ETF	1.6	13	27	6.1	-4.1
BKMC	BNY Mellon US Mid Cap Core Equity ETF	1.6	4	36	5.9	-4.3
SPLV	Invesco S&P 500 Low Volatility ETF	1.5	25	15	5.6	-4.5
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.5	25	15	5.6	-4.5
BGDV	Bahl & Gaynor Dividend ETF	1.5	45	-5	4.7	-5.4
DSMC	Distillate Small/Mid Cash Flow ETF	1.5	55	-15	12.6	+2.5
JPEF	JPMorgan Equity Focus ETF	1.5	50	-10	4.4	-5.7
COWS	Amplify Cash Flow Dividend Leaders ETF	1.5	0	40	11.9	+1.8
AMZA	InfraCap MLP ETF	1.5	164	-124	8.1	-2.0
RWK	Invesco S&P MidCap 400 Revenue ETF	1.5	39	1	9.3	-0.8
PBW	Invesco WilderHill Clean Energy ETF	1.5	66	-26	-3.0	-13.2
DFAE	Dimensional Emerging Core Equity Market ETF	1.5	35	5	8.7	-1.4
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	1.5	38	2	8.7	-1.4
NULC	Nuveen ESG Large-Cap ETF	1.5	21	19	4.7	-5.4
LSAF	LeaderShares AlphaFactor US Core Equity ETF	1.5	75	-35	7.6	-2.5
SAGP	Strategas Global Policy Opportunities ETF	1.5	65	-25	5.4	-4.7
DIM	WisdomTree International MidCap Dividend Fund	1.4	58	-18	7.1	-3.0
STXM	Strive Mid-Cap ETF	1.4	18	22	6.3	-3.8
FPAG	FPA Global Equity ETF	1.4	49	-9	5.7	-4.5
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	1.4	29	11	4.7	-5.5
GQQQ	Astoria US Quality Growth Kings ETF	1.4	35	5	4.6	-5.5
XJH	iShares ESG Screened S&P Mid-Cap ETF	1.4	12	28	7.1	-3.1
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	1.4	60	-20	2.8	-7.3
SILJ	ETFMG Prime Junior Silver Miners ETF	1.4	69	-29	0.5	-9.7
ITOL	Tema International Durable Quality ETF	1.4	60	-20	5.7	-4.5
ABFL	Abacus FCF Leaders ETF	1.4	59	-19	5.0	-5.2
DSI	iShares MSCI KLD 400 Social ETF	1.4	25	15	4.9	-5.2
XVV	iShares ESG Screened S&P 500 ETF	1.4	8	32	4.8	-5.4
WBIY	WBI Power Factor High Dividend ETF	1.4	100	-60	13.2	+3.0
EDOG	ALPS Emerging Sector Dividend Dogs ETF	1.4	60	-20	10.7	+0.6
IJJ	iShares S&P Mid-Cap 400 Value ETF	1.4	18	22	8.5	-1.6
MIDE	Xtrackers S&P MidCap 400 ESG ETF	1.3	15	25	7.9	-2.2
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	1.3	15	25	7.2	-2.9
LST	Leuthold Select Industries ETF	1.3	91	-51	5.7	-4.5
AIEQ	AI Powered Equity ETF	1.3	75	-35	4.8	-5.4
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	1.3	15	25	8.6	-1.6
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	1.3	10	30	8.6	-1.5
GLBL	Pacer MSCI World Industry Advantage ETF	1.3	65	-25	4.1	-6.0
CALF	Pacer US Small Cap Cash Cows 100 ETF	1.3	59	-19	10.3	+0.1
VSGX	Vanguard ESG International Stock ETF	1.3	10	30	7.5	-2.6
MDY	SPDR S&P Midcap 400 ETF Trust	1.3	24	16	7.0	-3.2
IJH	iShares Core S&P Mid-Cap ETF	1.3	5	35	7.1	-3.0
EWS	iShares MSCI Singapore ETF	1.3	50	-10	4.5	-5.6
SMMD	iShares Russell 2500 ETF	1.3	15	25	6.6	-3.5
FTCE	First Trust New Constructs Core Earnings Leaders ETF	1.3	60	-20	5.3	-4.9
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	1.3	60	-20	6.9	-3.2
SMDX	Intech S&P Small-Mid Cap Divers Alp ETF	1.3	35	5	7.3	-2.9
SDG	iShares MSCI Global Sustainable Development Goals ETF	1.3	49	-9	5.2	-4.9
SPYX	State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	1.3	20	20	4.7	-5.5
OPTZ	Optimize Strategy Index ETF	1.3	50	-10	4.8	-5.4
IVOO	Vanguard S&P Mid-Cap 400 ETF	1.3	7	33	7.2	-3.0
SPMD	State Street SPDR Portfolio S&P 400 Mid Cap ETF	1.3	3	37	7.2	-3.0
ISCV	iShares Morningstar Small Cap Value ETF	1.2	6	34	8.3	-1.9
DISV	Dimensional International Small Cap Value ETF	1.2	42	-2	8.8	-1.3
IPAV	Global X Infrastructure Development ex-U.S. ETF	1.2	55	-15	6.5	-3.6
DFSV	Dimensional US Small Cap Value ETF	1.2	31	9	10.1	-0.0
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	1.2	20	20	3.0	-7.1
FID	First Trust S&P International Dividend Aristocrats ETF	1.2	60	-20	7.8	-2.3
EZM	WisdomTree U.S. MidCap Fund	1.2	38	2	8.5	-1.6
AVSU	Avantis Responsible U.S. Equity ETF	1.2	15	25	5.8	-4.3
DIVE	Dana Concentrated Dividend ETF	1.2	65	-25	7.7	-2.5
SMLF	iShares U.S. SmallCap Equity Factor ETF	1.2	15	25	5.9	-4.2
DWMF	WisdomTree International Multifactor Fund	1.2	38	2	7.0	-3.1
PXJ	Invesco Oil & Gas Services ETF	1.2	63	-23	4.0	-6.1
OIH	VanEck Oil Services ETF	1.2	35	5	3.2	-7.0
IEZ	iShares U.S. Oil Equipment & Services ETF	1.2	40	0	3.7	-6.4
XES	State Street SPDR S&P Oil & Gas Equipment & Services ETF	1.2	35	5	1.9	-8.2
FFTY	Innovator IBD 50 ETF	1.2	80	-40	-1.9	-12.1
CVLC	Calvert US Large-Cap Core Responsible Index ETF	1.2	15	25	4.9	-5.3
RGEF	Rockefeller Global Equity ETF	1.1	55	-15	4.6	-5.5
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	1.1	25	15	7.7	-2.5
TTAC	FCF US Quality ETF	1.1	59	-19	6.2	-3.9
UEVM	VictoryShares Emerging Markets Value Momentum ETF	1.1	45	-5	10.3	+0.2
MCHI	iShares MSCI China ETF	1.1	59	-19	17.3	+7.1
FDLS	Inspire Fidelis Multi Factor ETF	1.1	76	-36	4.7	-5.4
SUSA	iShares MSCI USA ESG Select ETF	1.1	25	15	4.7	-5.5
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	1.1	24	16	7.3	-2.8
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	1.1	15	25	4.2	-6.0
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	1.1	80	-40	7.5	-2.6
DUHP	Dimensional US High Profitability ETF	1.1	21	19	6.3	-3.9
MDCP	VictoryShares THB Mid Cap ESG ETF	1.1	55	-15	5.9	-4.3
FLCH	Franklin FTSE China ETF	1.1	19	21	15.7	+5.6
HOMZ	Hoya Capital Housing ETF	1.1	30	10	9.6	-0.6
AIVI	WisdomTree International AI Enhanced Value Fund	1.1	58	-18	6.6	-3.5
AUSF	Global X Adaptive U.S. Factor ETF	1.1	27	13	8.8	-1.3
EWUS	iShares MSCI United Kingdom Small Cap ETF	1.1	59	-19	7.8	-2.3
EFAX	SPDR MSCI EAFE Fossil Fuel Reserves Free ETF	1.1	20	20	6.1	-4.1
APIE	ActivePassive International Equity ETF	1.1	45	-5	7.1	-3.1
EWD	iShares MSCI Sweden ETF	1.0	54	-14	5.1	-5.1
FTC	First Trust Large Cap Growth AlphaDEX Fund	1.0	59	-19	2.1	-8.1
PIE	Invesco Dorsey Wright Emerging Markets Momentum ETF	1.0	90	-50	5.1	-5.1
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	1.0	60	-20	5.9	-4.3
ERTH	Invesco MSCI Sustainable Future ETF	1.0	62	-22	3.4	-6.8
FEM	First Trust Emerging Markets AlphaDEX Fund	1.0	80	-40	11.6	+1.5
GXC	SPDR S & P China ETF	1.0	59	-19	16.2	+6.1
DARP	Grizzle Growth ETF	1.0	75	-35	2.9	-7.3
GXPS	Global X PureCap MSCI Consumer Staples ETF	1.0	25	15	5.4	-4.7
FDWM	Fidelity Women's Leadership ETF	1.0	59	-19	4.9	-5.3
VUSE	Vident U.S. Equity Strategy ETF	1.0	50	-10	4.3	-5.8
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	1.0	80	-40	4.1	-6.0
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.0	12	28	4.9	-5.2
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	1.0	33	7	9.5	-0.7
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	1.0	75	-35	4.1	-6.1
QGRO	American Century U.S. Quality Growth ETF	1.0	29	11	3.9	-6.3
AVUQ	Avantis U.S. Quality ETF	1.0	15	25	4.4	-5.7
FFSM	Fidelity Fundamental Small-Mid Cap ETF	0.9	43	-3	6.0	-4.2
JHSC	John Hancock Multifactor Small Cap ETF	0.9	42	-2	6.6	-3.5
SFYX	SoFi Next 500 ETF	0.9	0	40	5.8	-4.3
DFAS	Dimensional U.S. Small Cap ETF	0.9	26	14	6.5	-3.6
SMAP	Amplify Small-Mid Cap Equity ETF	0.9	60	-20	5.5	-4.6
CGGO	Capital Group Global Growth Equity ETF	0.9	47	-7	4.4	-5.7
BKF	iShares MSCI BIC ETF	0.9	69	-29	13.3	+3.2
FREL	Fidelity MSCI Real Estate Index ETF	0.9	8	32	7.8	-2.3
JPRE	JPMorgan Realty Income ETF	0.9	50	-10	8.4	-1.8
BLLD	JPMorgan Sustainable Infrastructure ETF	0.9	49	-9	5.9	-4.2
PSR	Invesco Active U.S. Real Estate Fund	0.9	35	5	8.2	-1.9
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	0.9	40	0	8.5	-1.7
SCHH	Schwab U.S. REIT ETF	0.9	7	33	8.5	-1.6
IYR	iShares U.S. Real Estate ETF	0.9	40	0	7.7	-2.4
XLRE	Real Estate Select Sector SPDR Fund	0.9	8	32	8.1	-2.1
SPRE	SP Funds S&P Global REIT Sharia ETF	0.9	55	-15	6.3	-3.9
VNQ	Vanguard Real Estate ETF	0.9	13	27	7.7	-2.5
FLQL	Franklin LibertyQ U.S. Equity ETF	0.9	15	25	5.4	-4.7
ALTL	Pacer Lunt Large Cap Alternator ETF	0.9	60	-20	4.9	-5.3
DXJ	WisdomTree Japan Hedged Equity Fund	0.9	48	-8	6.5	-3.6
FSZ	First Trust Switzerland AlphaDEX Fund	0.9	80	-40	6.3	-3.8
VCLN	Virtus Duff & Phelps Clean Energy ETF	0.8	59	-19	4.1	-6.1
NUKZ	Range Nuclear Renaissance Index ETF	0.8	85	-45	1.2	-8.9
ARKQ	ARK Autonomous Technology & Robotics ETF	0.8	75	-35	1.2	-9.0
LOUP	Innovator Deepwater Frontier Tech ETF	0.8	70	-30	1.0	-9.1
URAN	Themes Uranium & Nuclear ETF	0.8	35	5	1.4	-8.8
AIPO	Defiance AI & Power Infrastructure ETF	0.8	69	-29	1.2	-8.9
CDIG	City Different Investments Global Equity ETF	0.8	75	-35	0.6	-9.5
QDEF	FlexShares Quality Dividend Defensive Index Fund	0.8	37	3	6.2	-3.9
LEGR	First Trust Indxx Innovative Transaction & Process ETF	0.8	65	-25	8.0	-2.2
SCHA	Schwab U.S. Small-Cap ETF	0.8	4	36	5.5	-4.6
ASEA	Global X FTSE Southeast Asia ETF	0.8	65	-25	6.1	-4.1
EWI	iShares MSCI Italy ETF	0.8	50	-10	10.7	+0.5
ESGV	Vanguard ESG U.S. Stock ETF	0.8	9	31	4.8	-5.3
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	0.8	17	23	5.9	-4.2
LQPE	PEO AlphaQuest Thematic PE ETF	0.8	125	-85	6.8	-3.3
IQSI	IQ Candriam International Equity ETF	0.8	15	25	6.2	-3.9
JCHI	JPMorgan Active China ETF	0.8	65	-25	14.6	+4.4
FXI	iShares China Large-Cap ETF	0.8	74	-34	17.3	+7.2
EFAD	ProShares MSCI EAFE Dividend Growers ETF	0.8	50	-10	5.9	-4.3
FSMD	Fidelity Small-Mid Multifactor ETF	0.8	15	25	6.8	-3.3
DEMZ	Democratic Large Cap Core ETF	0.8	45	-5	4.6	-5.6
CSMD	Congress SMid Growth ETF	0.8	69	-29	4.0	-6.1
FMKT	The Free Markets ETF	0.8	76	-36	4.2	-5.9
SPXE	ProShares S&P 500 Ex-Energy ETF	0.8	9	31	4.8	-5.3
MVAL	VanEck Morningstar Wide Moat Value ETF	0.8	49	-9	6.9	-3.2
STXK	Strive Small-Cap ETF	0.8	18	22	5.9	-4.2
KXI	iShares Global Consumer Staples ETF	0.8	41	-1	5.7	-4.5
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.8	79	-39	7.6	-2.5
CGV	Conductor Global Equity Value ETF	0.8	130	-90	7.7	-2.5
EIS	iShares MSCI Israel ETF	0.8	58	-18	7.4	-2.7
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	0.7	75	-35	2.9	-7.3
ALRG	Allspring LT Large Core ETF	0.7	28	12	4.5	-5.7
ISCB	iShares Morningstar Small-Cap ETF	0.7	4	36	5.7	-4.5
SFYF	SoFi Social 50 ETF	0.7	29	11	1.0	-9.1
IYJ	iShares U.S. Industrials ETF	0.7	40	0	4.7	-5.4
QQQJ	Invesco NASDAQ Next Gen 100 ETF	0.7	15	25	4.6	-5.6
PXH	Invesco FTSE RAFI Emerging Markets ETF	0.7	49	-9	15.0	+4.9
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	0.7	79	-39	5.8	-4.4
XMHQ	Invesco S&P MidCap Quality ETF	0.7	25	15	6.9	-3.3
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	0.7	35	5	4.2	-6.0
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	0.7	58	-18	4.5	-5.6
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	0.7	60	-20	5.0	-5.1
QNXT	iShares Nasdaq-100 ex Top 30 ETF	0.7	20	20	4.7	-5.4
NIXT	Research Affiliates Deletions ETF	0.7	9	31	7.9	-2.2
THRO	iShares U.S. Thematic Rotation Active ETF	0.7	90	-50	3.8	-6.3
JHEM	John Hancock Multifactor Emerging Markets ETF	0.7	49	-9	9.5	-0.6
AVSE	Avantis Responsible Emerging Markets Equity ETF	0.7	33	7	7.9	-2.2
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.7	10	30	5.2	-4.9
FNDE	Schwab Fundamental Emerging Markets Large Co. Index ETF	0.7	39	1	16.3	+6.2
IJK	iShares S&P Mid-Cap 400 Growth ETF	0.7	17	23	5.7	-4.4
BKSE	BNY Mellon US Small Cap Core Equity ETF	0.7	4	36	5.7	-4.4
FPWR	First Trust EIP Power Solutions ETF	0.7	96	-56	5.1	-5.0
DFSI	Dimensional International Sustainability Core 1 ETF	0.7	24	16	6.1	-4.0
OCEN	IQ Clean Oceans ETF	0.7	45	-5	5.3	-4.8
VFMO	Vanguard U.S. Momentum Factor ETF	0.7	13	27	3.0	-7.2
EWJV	iShares MSCI Japan Value ETF	0.6	15	25	7.7	-2.5
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	0.6	10	30	5.9	-4.2
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	0.6	15	25	5.8	-4.4
FILL	iShares MSCI Global Energy Producers ETF	0.6	39	1	1.1	-9.0
XMVM	Invesco S&P MidCap Value with Momentum ETF	0.6	39	1	9.2	-1.0
KONG	Formidable Fortress ETF	0.6	89	-49	5.8	-4.3
VXF	Vanguard Extended Market ETF	0.6	5	35	4.4	-5.7
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	0.6	50	-10	10.4	+0.2
IEUS	iShares MSCI Europe Small-Cap ETF	0.6	42	-2	7.3	-2.9
JPXN	iShares JPX-Nikkei 400 ETF	0.6	48	-8	6.1	-4.1
LOWV	AB US Low Volatility Equity ETF	0.6	48	-8	5.5	-4.7
EEM	iShares MSCI Emerging Markets ETF	0.6	69	-29	9.6	-0.6
EFG	iShares MSCI EAFE Growth ETF	0.6	36	4	4.1	-6.0
BBJP	JPMorgan BetaBuilders Japan ETF	0.6	19	21	6.0	-4.2
RAYD	Rayliant Quantitative Developed Market Equity ETF	0.6	80	-40	4.4	-5.7
TMFX	Motley Fool Next Index ETF	0.6	50	-10	3.1	-7.1
DMXF	iShares ESG Advanced MSCI EAFE ETF	0.6	12	28	5.4	-4.8
DWLD	Davis Select Worldwide ETF	0.6	63	-23	7.1	-3.0
MTUM	iShares MSCI USA Momentum Factor ETF	0.6	15	25	3.1	-7.0
PDP	Invesco Dorsey Wright Momentum ETF	0.6	62	-22	2.0	-8.1
NDIV	Amplify Natural Resources Dividend Income ETF	0.6	59	-19	14.6	+4.5
DBJP	Xtrackers MSCI Japan Hedged Equity ETF	0.6	47	-7	5.5	-4.6
FLJP	Franklin FTSE Japan ETF	0.6	9	31	5.7	-4.4
KALL	KraneShares MSCI All China Index ETF	0.6	49	-9	13.4	+3.3
DFIS	Dimensional International Small Cap ETF	0.5	39	1	6.9	-3.2
FLJH	Franklin FTSE Japan Hedged ETF	0.5	9	31	5.7	-4.5
FTCS	First Trust Capital Strength ETF	0.5	55	-15	5.9	-4.2
DUNK	Dana Unconstrained Equity ETF	0.5	75	-35	2.4	-7.7
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	0.5	30	10	9.7	-0.5
PSET	Principal Quality ETF	0.5	15	25	5.5	-4.6
SCDS	JPMorgan Fundamental Data Science Small Core ETF	0.5	40	0	4.6	-5.5
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	0.5	95	-55	11.9	+1.8
FELG	Fidelity Enhanced Large Cap Growth ETF	0.5	18	22	4.9	-5.3
GSJY	Goldman Sachs ActiveBeta Japan Equity ETF	0.5	25	15	6.0	-4.1
LGRO	Level Four Large Cap Growth Active ETF	0.5	55	-15	4.1	-6.0
FAD	First Trust Multi Cap Growth AlphaDEX Fund	0.5	64	-24	1.2	-9.0
LEAD	Siren DIVCON Leaders Dividend ETF	0.5	43	-3	4.4	-5.8
RJDI	RJ Eagle GCM Dividend Select Income ETF	0.5	55	-15	5.4	-4.7
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	0.5	20	20	4.3	-5.9
RCGE	RockCreek Global Equality ETF	0.5	95	-55	6.6	-3.6
ECON	Columbia Emerging Markets Consumer ETF	0.5	49	-9	11.7	+1.6
VBK	Vanguard Small-Cap Growth ETF	0.5	7	33	1.7	-8.4
VOT	Vanguard Mid-Cap Growth ETF	0.5	7	33	3.5	-6.6
MAKX	ProShares S&P Kensho Smart Factories ETF	0.5	58	-18	-0.4	-10.5
QQQ	Invesco QQQ Trust Series I	0.5	20	20	4.2	-5.9
QQQM	Invesco NASDAQ 100 ETF	0.5	15	25	4.3	-5.9
QQWZ	Pacer Cash COWZ 100-Nasdaq100 Rotator ETF	0.5	49	-9	3.7	-6.4
NUSC	Nuveen ESG Small-Cap ETF	0.5	31	9	5.1	-5.1
BUYZ	Franklin Disruptive Commerce ETF	0.5	50	-10	2.6	-7.6
JGRO	JPMorgan Active Growth ETF	0.5	44	-4	3.6	-6.5
EEMA	iShares MSCI Emerging Markets Asia ETF	0.5	49	-9	9.3	-0.8
AAUM	Tema Alternative Asset Managers ETF	0.5	99	-59	3.3	-6.8
AAXJ	iShares MSCI All Country Asia ex Japan ETF	0.5	70	-30	8.5	-1.6
IEMG	iShares Core MSCI Emerging Markets ETF	0.5	9	31	9.9	-0.3
USXF	iShares ESG Advanced MSCI USA ETF	0.5	10	30	4.7	-5.4
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	0.5	66	-26	9.0	-1.1
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	0.5	30	10	6.8	-3.4
EWP	iShares MSCI Spain ETF	0.5	50	-10	6.5	-3.6
AVUV	Avantis U.S. Small Cap Value ETF	0.5	25	15	9.4	-0.7
ILCG	iShares Morningstar Growth ETF	0.4	4	36	3.8	-6.3
SPMO	Invesco S&P 500 Momentum ETF	0.4	13	27	4.0	-6.2
FLAX	Franklin FTSE Asia Ex Japan ETF	0.4	19	21	8.6	-1.6
PSCM	Invesco S&P SmallCap Materials ETF	0.4	29	11	11.7	+1.6
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	0.4	15	25	7.5	-2.7
RWJ	Invesco S&P SmallCap 600 Revenue ETF	0.4	39	1	9.5	-0.6
IJR	iShares Core S&P Small Cap ETF	0.4	6	34	7.4	-2.7
IJS	iShares S&P Small-Cap 600 Value ETF	0.4	18	22	9.6	-0.6
XJR	iShares ESG Screened S&P Small-Cap ETF	0.4	12	28	7.4	-2.8
ESIX	State Street SPDR S&P SmallCap 600 ESG ETF	0.4	12	28	7.9	-2.2
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	0.4	15	25	9.6	-0.6
SPSM	State Street SPDR Portfolio S&P 600 Small Cap ETF	0.4	3	37	7.5	-2.7
VIOO	Vanguard S&P Small-Cap 600 ETF	0.4	7	33	7.4	-2.8
VIOV	Vanguard S&P Small-Cap 600 Value ETF	0.4	10	30	9.5	-0.7
EWJ	iShares MSCI Japan ETF	0.4	50	-10	5.5	-4.7
VWO	Vanguard FTSE Emerging Markets ETF	0.4	7	33	10.3	+0.2
IQM	Franklin Intelligent Machines ETF	0.4	50	-10	2.1	-8.1
TECB	iShares U.S. Tech Breakthrough Multisector ETF	0.4	40	0	3.8	-6.4
SCHE	Schwab Emerging Markets Equity ETF	0.4	11	29	11.0	+0.9
FNDA	Schwab Fundamental US Small Co. Index ETF	0.4	25	15	7.5	-2.6
TPSC	Timothy Plan US Small Cap Core ETF	0.4	52	-12	7.0	-3.2
ISMD	Inspire Small/Mid Cap ETF	0.4	54	-14	5.2	-5.0
AFMC	First Trust Active Factor Mid Cap ETF	0.4	65	-25	8.2	-1.9
STXG	Strive 1000 Growth ETF	0.4	18	22	3.9	-6.3
GINN	Goldman Sachs Innovate Equity ETF	0.4	52	-12	3.7	-6.5
EMM	Global X Emerging Markets ex-China ETF	0.4	75	-35	6.9	-3.3
RNSC	Furst Trust Small Cap US Equity Select ETF	0.4	60	-20	5.1	-5.1
SFLO	VictoryShares Small Cap Free Cash Flow ETF	0.4	49	-9	11.1	+1.0
XMLV	Invesco S&P MidCap Low Volatility ETF	0.4	25	15	7.4	-2.8
OUSM	ALPS O'Shares US Small-Cap Quality Dividend ETF	0.4	48	-8	8.8	-1.3
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	0.4	20	20	6.0	-4.1
CSA	VictoryShares US Small Cap Volatility Wtd ETF	0.4	35	5	7.5	-2.6
PRXG	Praxis Impact Large Cap Growth ETF	0.4	36	4	3.7	-6.5
SCZ	iShares MSCI EAFE Small-Cap ETF	0.4	40	0	6.8	-3.4
SCHG	Schwab U.S. Large-Cap Growth ETF	0.4	4	36	3.8	-6.3
LVOL	American Century Low Volatility ETF	0.4	29	11	5.1	-5.0
ONEQ	Fidelity Nasdaq Composite Index ETF	0.4	21	19	3.8	-6.3
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.4	41	-1	8.2	-1.9
FLSW	Franklin FTSE Switzerland ETF	0.4	9	31	6.1	-4.0
EMSG	Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF	0.3	20	20	27,699.8	+27,689.7
BKEM	BNY Mellon Emerging Markets Equity ETF	0.3	11	29	9.3	-0.8
LRND	IQ U.S. Large Cap R&D Leaders ETF	0.3	14	26	5.0	-5.2
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	0.3	15	25	7.5	-2.6
SCJ	iShares MSCI Japan Small-Cap ETF	0.3	50	-10	6.4	-3.8
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd ETF	0.3	35	5	9.1	-1.0
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETF	0.3	30	10	16.9	+6.7
IJT	iShares S&P Small-Cap 600 Growth ETF	0.3	18	22	5.3	-4.8
CXSE	WisdomTree China ex-State-Owned Enterprises Fund	0.3	32	8	13.4	+3.3
DEM	WisdomTree Emerging Markets High Dividend Fund	0.3	63	-23	12.7	+2.6
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	0.3	44	-4	10.3	+0.2
EEMO	Invesco S&P Emerging Markets Momentum ETF	0.3	29	11	7.6	-2.6
FCA	First Trust China AlphaDEX Fund	0.3	80	-40	9.9	-0.2
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.3	67	-27	14.7	+4.6
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	0.3	70	-30	12.3	+2.2
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	0.3	15	25	9.6	-0.5
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	0.3	45	-5	9.7	-0.4
WRND	IQ Global Equity R&D Leaders ETF	0.3	18	22	7.6	-2.5
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	0.3	36	4	9.2	-1.0
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	0.3	10	30	5.5	-4.7
GVIP	Goldman Sachs Hedge Industry VIP ETF	0.3	45	-5	3.2	-7.0
SAMM	Strategas Macro Momentum ETF	0.3	66	-26	2.3	-7.9
BESF	Bastion Energy ETF	0.3	80	-40	5.5	-4.7
TCAI	Tortoise AI Infrastructure ETF	0.3	65	-25	2.5	-7.7
MOTO	SmartETFs Smart Transportation & Technology ETF	0.3	68	-28	6.5	-3.6
PBD	Invesco Global Clean Energy ETF	0.3	75	-35	0.8	-9.4
RFV	Invesco S&P Midcap 400 Pure Value ETF	0.3	35	5	12.7	+2.6
EVX	VanEck Environmental Services ETF	0.3	55	-15	2.6	-7.6
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	0.3	15	25	5.3	-4.8
PKB	Invesco Building & Construction ETF	0.3	62	-22	4.3	-5.9
RFG	Invesco S&P Midcap 400 Pure Growth ETF	0.3	35	5	5.3	-4.8
LDEM	iShares ESG MSCI EM Leaders ETF	0.3	17	23	13.0	+2.8
EVLU	iShares MSCI Emerging Markets Value Factor ETF	0.3	35	5	12.7	+2.6
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.3	12	28	7.2	-2.9
KAT	Scharf ETF	0.3	87	-47	5.3	-4.9
GKAT	Scharf Global Opportunity ETF	0.3	57	-17	6.3	-3.8
GLRY	Inspire Faithward Mid Cap Momentum ETF	0.3	80	-40	6.2	-3.9
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF	0.3	49	-9	4.2	-5.9
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	0.3	49	-9	6.7	-3.4
PATN	Pacer Nasdaq International Patent Leaders ETF	0.3	65	-25	5.4	-4.7
VUG	Vanguard Growth ETF	0.3	4	36	4.3	-5.9
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	0.3	24	16	7.3	-2.8
XCNY	SPDR S&P Emerging Markets ex-China ETF	0.3	15	25	7.2	-2.9
LCLG	Logan Capital Broad Innovative Growth ETF	0.2	99	-59	3.8	-6.4
STXE	Strive Emerging Markets Ex-China ETF	0.2	32	8	7.5	-2.6
YNOT	Horizon Digital Frontier ETF	0.2	75	-35	3.2	-6.9
IWP	iShares Russell Mid-Cap Growth ETF	0.2	23	17	3.3	-6.8
JSTC	Adasina Social Justice All Cap Global ETF	0.2	89	-49	4.8	-5.3
ITAN	Sparkline Intangible Value ETF	0.2	50	-10	6.5	-3.6
HWSM	Hotchkis & Wiley SMID Cap Diversified Value ETF	0.2	55	-15	10.3	+0.1
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	0.2	59	-19	8.5	-1.6
EGUS	iShares ESG Aware MSCI USA Growth ETF	0.2	18	22	3.8	-6.3
QGRW	WisdomTree U.S. Quality Growth Fund	0.2	28	12	4.4	-5.8
FBCG	Fidelity Blue Chip Growth ETF	0.2	59	-19	2.9	-7.2
EMXC	iShares MSCI Emerging Markets ex China ETF	0.2	25	15	7.0	-3.2
EYLD	Cambria Emerging Shareholder Yield ETF	0.2	66	-26	11.7	+1.6
FNDC	Schwab Fundamental International Small Co. Index ETF	0.2	39	1	5.9	-4.3
JADE	JPMorgan Active Developing Markets Equity ETF	0.2	65	-25	7.8	-2.4
ISCG	iShares Morningstar Small-Cap Growth ETF	0.2	6	34	2.9	-7.2
NANC	Unusual Whales Subversive Democratic Trading ETF	0.1	75	-35	3.5	-6.6
SCHC	Schwab International Small-Cap Equity ETF	0.1	11	29	7.5	-2.6
DES	WisdomTree U.S. SmallCap Dividend Fund	0.1	38	2	8.9	-1.2
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.1	39	1	3.0	-7.2
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	0.1	60	-20	4.8	-5.4
EMGF	iShares Emerging Markets Equity Factor ETF	0.1	25	15	10.9	+0.8
MODL	VictoryShares WestEnd U.S. Sector ETF	0.1	42	-2	4.6	-5.5
ISCF	iShares International SmallCap Equity Factor ETF	0.1	23	17	8.0	-2.1
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	0.1	25	15	6.3	-3.8
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	0.1	8	32	7.1	-3.1
RZV	Invesco S&P Smallcap 600 Pure Value ETF	0.1	35	5	9.7	-0.5
GGUS	Marketbeta Russell 1000 Growth Equity ETF	0.1	12	28	4.7	-5.4
STXD	Strive 1000 Dividend Growth ETF	0.1	35	5	5.0	-5.2
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.1	61	-21	5.2	-4.9
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	0.1	32	8	8.6	-1.6
ESGE	iShares ESG Aware MSCI EM ETF	0.1	25	15	9.9	-0.3
IUSG	iShares Core S&P U.S. Growth ETF	0.1	4	36	4.2	-6.0
IWF	iShares Russell 1000 Growth ETF	0.0	19	21	4.2	-6.0
VONG	Vanguard Russell 1000 Growth ETF	0.0	7	33	4.5	-5.6
IVW	iShares S&P 500 Growth ETF	0.0	18	22	4.0	-6.2
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	0.0	4	36	4.1	-6.0
VOOG	Vanguard S&P 500 Growth ETF	0.0	7	33	4.2	-5.9
VEGN	US Vegan Climate ETF	0.0	60	-20	4.6	-5.5
IWY	iShares Russell Top 200 Growth ETF	0.0	20	20	4.3	-5.9
ARB	AltShares Merger Arbitrage ETF	0.0	77	-37	3.9	-6.2
AVDS	Avantis International Small Cap Equity ETF	0.0	30	10	6.6	-3.5
AVDV	Avantis International Small Cap Value ETF	0.0	36	4	8.6	-1.6
DGRE	WisdomTree Emerging Markets Quality Dividend Growth Fund	0.0	32	8	6.3	-3.8
EMMF	WisdomTree Emerging Markets Multifactor Fund	0.0	48	-8	7.0	-3.1

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

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

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

Historical valuation trends

Forward multiple:	SPDR S&P Global Natural Resources ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	15.1	%
Divided by: Fwd. P/BV	1.4	x
Less: Expense ratio	40	bp
Equals: ALTAR Score	10.1	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.60	CATEGORY AVERAGE	1.58

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.