Defiance Next Gen H2 ETF
ALTAR
Score™
-10.9% info Recommen-
dation
AVOID
2021E    2022E
P/E
ratio
-308.1x P/Sales
ratio
6.6x
P/BV
ratio
11.6x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
HDRO tracks a modified market-cap-weighted index that targets globally-listed firms in the hydrogen and fuel cell segment.

FUND BASICS
Category Global Equities
Fund Sponsor Defiance ETFs
Website www.defianceetfs.com
Inception date Mar 09, 2021
Assets (mns) $25
Currency USD
Expense ratio 30 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $12,353
Large cap (>$10bn) 9.1%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 52.0%
Developed mkts 87.9%
Emerging mkts 12.1%

TOP TEN HOLDINGS
PLUG POWER INC 6.4 %
PRAXAIR INC 5.4 %
AIR LIQUIDE SA 5.2 %
AFC ENERGY PLC 5.1 %
NEL ASA 5.1 %
BLOOM ENERGY CORPORATION CLASS A 4.7 %
CERES POWER HOLDINGS PLC 4.6 %
BALLARD POWER SYSTEMS INC 4.5 %
MCPHY ENERGY SA 4.4 %
ITM POWER PLC 4.2 %
Total 49.7 %

TOP COUNTRY EXPOSURE
BRITAIN 24.6 %
UNITED STATES 14.4 %
SOUTH KOREA 12.2 %
FRANCE 9.6 %
CANADA 9.5 %
NORWAY 8.3 %
SWEDEN 7.0 %
GERMANY 3.7 %
DENMARK 3.7 %
ISRAEL 3.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $21.15
30d moving avg. $25.26
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 69
Turnover 5.9%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $2,428

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 potential alternatives to the Defiance Next Gen H2 ETF ETF based on the alternatives' overlap in portfolio holdings with HDRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDRO Expense: 30 bp ALTAR Score™: -10.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDRO
Ticker Fund
Name
Overlap1
vs HDRO
(%)
Expense
ratio
(bp)
Savings
vs HDRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDRO
(%)
HJEN Direxion Hydrogen ETF 50.0 45 -15 -0.0 +10.9
CTEC Global X CleanTech ETF 14.9 50 -20 2.3 +13.2
PBD Invesco Global Clean Energy ETF 13.4 75 -45 0.0 +11.0
ICLN iShares Global Clean Energy ETF 7.8 46 -16 3.5 +14.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.6 60 -30 0.3 +11.2
CNRG SPDR S&P Kensho Clean Power ETF 7.4 45 -15 1.7 +12.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.2 70 -40 3.5 +14.4
BNE Blue Horizon BNE ETF 5.4 87 -57 2.9 +13.8
DAX Global X DAX Germany ETF 4.7 21 9 6.4 +17.3
JHMA John Hancock Multifactor Materials ETF 4.7 40 -10 4.9 +15.8
FMAT Fidelity MSCI Materials Index ETF 4.7 8 22 4.8 +15.7
MOON Direxion Moonshot Innovators ETF 4.6 65 -35 -4.1 +6.8
PBW Invesco WilderHill Clean Energy ETF 4.4 70 -40 -1.5 +9.4
FLFR Franklin FTSE France ETF 4.4 9 21 5.4 +16.3
EWQ iShares MSCI France ETF 4.2 51 -21 5.0 +16.0
RTM Invesco S&P 500 Equal Weight Materials ETF 3.8 40 -10 4.5 +15.5
SMOG VanEck Vectors Low Carbon Energy ETF 3.7 62 -32 2.4 +13.3
IMOM Alpha Architect International Quantitative Momentum ETF 3.4 59 -29 3.2 +14.2
ACES ALPS Clean Energy ETF 3.4 55 -25 0.8 +11.8
HAIL SPDR S&P Kensho Smart Mobility ETF 3.0 45 -15 4.5 +15.5
MXI iShares Global Materials ETF 2.9 45 -15 4.8 +15.7
YLDE ClearBridge Dividend Strategy ESG ETF 2.3 60 -30 4.4 +15.3
HEDJ WisdomTree Europe Hedged Equity Fund 2.3 58 -28 5.4 +16.3
FEZ SPDR EURO STOXX 50 ETF 2.3 29 1 5.5 +16.5
SPHQ Invesco S&P 500 Quality ETF 2.2 15 15 4.4 +15.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.2 45 -15 3.7 +14.6
PZD Invesco Cleantech ETF 2.2 65 -35 3.9 +14.8
BUZZ VanEck Vectors Social Sentiment ETF 2.2 75 -45 3.1 +14.1
FXZ First Trust Materials AlphaDEX Fund 1.9 67 -37 6.1 +17.0
WWOW Direxion World Without Waste ETF 1.9 50 -20 1.2 +12.1
NORW Global X MSCI Norway ETF 1.9 50 -20 7.7 +18.6
ENOR iShares MSCI Norway ETF 1.8 53 -23 7.7 +18.7
PWV Invesco Dynamic Large Cap Value ETF 1.6 56 -26 6.2 +17.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.6 32 -2 5.5 +16.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 -5 5.0 +15.9
KOMP SPDR Kensho New Economies Composite ETF 1.6 20 10 2.0 +12.9
FDVV Fidelity Core Dividend ETF 1.6 29 1 6.1 +17.0
EURZ Xtrackers Eurozone Equity ETF 1.5 9 21 5.8 +16.8
EZU iShares MSCI Eurozone ETF 1.4 51 -21 5.5 +16.4
DRIV Global X Autonomous & Electric Vehicles ETF 1.4 68 -38 4.4 +15.4
DFAI Dimensional International Core Equity Market ETF 1.3 18 12 6.0 +16.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 47 -17 5.5 +16.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.3 70 -40 4.8 +15.8
HLAL Wahed FTSE USA Shariah ETF 1.3 50 -20 4.0 +15.0
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 1.1 60 -30 4.8 +15.8
PID Invesco International Dividend Achievers ETF 1.1 53 -23 6.2 +17.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.1 58 -28 5.9 +16.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.1 49 -19 -0.8 +10.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.1 25 5 5.4 +16.4
EQWL Invesco Russell Top 200 Equal Weight ETF 1.1 25 5 5.5 +16.4
BATT Amplify Advanced Battery Metals & Materials ETF 1.1 59 -29 2.7 +13.6
PEXL Pacer US Export Leaders ETF 1.1 60 -30 3.8 +14.7
DEF Invesco Defensive Equity ETF 1.0 53 -23 5.0 +15.9
SPLV Invesco S&P 500 Low Volatility ETF 1.0 25 5 5.4 +16.3
ALTL Pacer Lunt Large Cap Alternator ETF 1.0 60 -30 4.5 +15.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.0 75 -45 3.2 +14.2
EFG iShares MSCI EAFE Growth ETF 1.0 40 -10 3.9 +14.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 16 5.7 +16.7
IWO iShares Russell 2000 Growth ETF 1.0 24 6 0.1 +11.0
FLLV Franklin Liberty U.S. Low Volatility ETF 1.0 29 1 4.7 +15.7
VTWG Vanguard Russell 2000 Growth Index Fund 1.0 15 15 0.2 +11.1
RAFE PIMCO RAFI ESG U.S. ETF 0.9 30 0 6.3 +17.2
JEPI JPMorgan Equity Premium Income ETF 0.9 35 -5 4.7 +15.7
SCHG Schwab U.S. Large-Cap Growth ETF 0.9 4 26 3.3 +14.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.9 10 20 4.7 +15.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.9 30 0 3.9 +14.9
ACIO Aptus Collared Income Opportunity ETF 0.9 79 -49 3.8 +14.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 0.9 30 0 5.1 +16.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.9 49 -19 3.7 +14.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.9 12 18 5.7 +16.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.8 6 24 1.8 +12.7
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 1 4.2 +15.2
FDMO Fidelity Momentum Factor ETF 0.8 29 1 2.8 +13.8
IEV iShares Europe ETF 0.8 59 -29 5.7 +16.6
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 21 6.2 +17.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 -16 5.7 +16.6
FLEE Franklin FTSE Europe ETF 0.7 9 21 6.0 +16.9
FLEH Franklin FTSE Europe Hedged ETF 0.7 9 21 6.1 +17.0
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.7 54 -24 5.4 +16.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -50 5.5 +16.4
IEUR iShares Core MSCI Europe ETF 0.7 9 21 6.0 +17.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.7 70 -40 1.1 +12.1
JMIN JPMorgan U.S. Minimum Volatility ETF 0.7 12 18 5.2 +16.2
WWJD Inspire International ESG ETF 0.7 80 -50 5.1 +16.0
IQSI IQ Candriam ESG International Equity ETF 0.7 15 15 6.0 +17.0
ACVF American Conservative Values ETF 0.7 75 -45 4.0 +15.0
SPEU SPDR Portfolio Europe ETF 0.7 9 21 6.0 +16.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 0.6 20 10 4.9 +15.8
FDRR Fidelity Dividend ETF for Rising Rates 0.6 29 1 6.1 +17.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.6 59 -29 5.0 +16.0
IQSU IQ Candriam ESG US Equity ETF 0.6 9 21 4.6 +15.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.6 27 3 4.7 +15.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.6 35 -5 5.8 +16.7
FQAL Fidelity Quality Factor ETF 0.6 29 1 4.8 +15.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.6 16 14 5.8 +16.7
SNPE Xtrackers S&P 500 ESG ETF 0.6 10 20 4.7 +15.6
DOL WisdomTree International LargeCap Dividend Fund 0.6 48 -18 6.7 +17.6
FDLO Fidelity Low Volatility Factor ETF 0.6 29 1 4.3 +15.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 30 4.6 +15.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 10 4.6 +15.5
ADME Aptus Drawdown Managed Equity ETF 0.5 79 -49 3.4 +14.3
IWC iShares Micro-Cap ETF 0.5 60 -30 -2.5 +8.5
DGT SPDR Global Dow ETF 0.5 50 -20 6.0 +16.9
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 5 5.7 +16.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.5 20 10 5.9 +16.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.5 15 15 4.7 +15.6
SPXN ProShares S&P 500 Ex-Financials ETF 0.5 27 3 4.3 +15.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 27 3 4.2 +15.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 10 6.0 +16.9
XVV iShares ESG Screened S&P 500 ETF 0.5 8 22 4.7 +15.7
IWM iShares Russell 2000 ETF 0.5 19 11 2.6 +13.5
SLT Pacer Salt High truBeta US Market ETF 0.5 60 -30 2.8 +13.7
VTWO Vanguard Russell 2000 Index Fund 0.5 10 20 2.7 +13.6
ILCV iShares Morningstar Value ETF 0.5 4 26 5.8 +16.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 21 4.9 +15.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.5 19 11 5.0 +15.9
IEUS iShares MSCI Europe Small-Cap ETF 0.5 40 -10 4.9 +15.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 5 5.7 +16.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 -6 5.9 +16.8
BKIE BNY Mellon International Equity ETF 0.5 4 26 6.3 +17.2
EFA iShares MSCI EAFE ETF 0.5 32 -2 5.9 +16.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 12 5.6 +16.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 27 3 4.6 +15.5
IEFA iShares Core MSCI EAFE ETF 0.4 7 23 6.1 +17.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 1 4.3 +15.3
PBP Invesco S&P 500 BuyWrite ETF 0.4 49 -19 4.2 +15.2
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 26 4.6 +15.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 23 4.6 +15.5
XYLG Global X S&P 500 Covered Call & Growth ETF 0.4 60 -30 4.3 +15.2
HFXI IQ 50 Percent Hedged FTSE International ETF 0.4 20 10 6.2 +17.1
SCHK Schwab 1000 Index ETF 0.4 5 25 4.5 +15.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.4 34 -4 4.2 +15.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.4 7 23 6.2 +17.1
IUS Invesco Strategic US ETF 0.4 19 11 5.0 +15.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 28 4.6 +15.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 -10 6.8 +17.8
SCHA Schwab U.S. Small-Cap ETF 0.4 4 26 3.5 +14.5
IDEV iShares Core MSCI International Developed Markets ETF 0.4 5 25 6.0 +17.0
PDEV Principal International Multi-Factor Core Index ETF 0.4 25 5 6.5 +17.5
DWM WisdomTree International Equity Fund 0.4 48 -18 6.7 +17.6
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 27 4.5 +15.5
SCHB Schwab U.S. Broad Market ETF 0.4 3 27 4.4 +15.4
KLDW Gavekal Knowledge Leaders Developed World ETF 0.4 75 -45 4.0 +15.0
SCHX Schwab U.S. Large-Cap ETF 0.4 3 27 4.6 +15.5
FIDU Fidelity MSCI Industrials Index ETF 0.4 8 22 4.6 +15.5
TPIF Timothy Plan International ETF 0.4 62 -32 5.6 +16.6
SCHF Schwab International Equity ETF 0.4 6 24 6.2 +17.1
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 0 6.0 +16.9
ISCB iShares Morningstar Small-Cap ETF 0.4 4 26 4.0 +14.9
JHMD John Hancock Multifactor Developed International ETF 0.4 39 -9 6.1 +17.0
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 17 2.6 +13.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 -33 2.0 +12.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 0.4 17 13 5.4 +16.3
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 -9 5.6 +16.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 26 4.6 +15.5
VOT Vanguard Mid-Cap Growth Index Fund 0.4 7 23 2.7 +13.7
RBIN Nationwide Risk-Based International Equity ETF 0.4 42 -12 5.7 +16.7
ESGD iShares MSCI EAFE ESG Optimized ETF 0.3 20 10 6.0 +16.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 4 26 5.9 +16.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 23 3.9 +14.8
BLES Inspire Global Hope Large Cap ETF 0.3 52 -22 4.7 +15.6
SCHC Schwab International Small-Cap Equity ETF 0.3 11 19 4.9 +15.9
CIL VictoryShares International Volatility Weighted Index ETF 0.3 45 -15 5.9 +16.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.3 45 -15 5.9 +16.8
VIS Vanguard Industrials Index Fund 0.3 10 20 4.3 +15.2
RBUS Nationwide Risk-Based U.S. Equity ETF 0.3 30 0 4.9 +15.8
FTC First Trust Large Cap Growth AlphaDEX Fund 0.3 60 -30 2.8 +13.7
ILCG iShares Morningstar Growth ETF 0.3 4 26 3.2 +14.1
DFAU Dimensional US Core Equity Market ETF 0.3 12 18 4.7 +15.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 32 -2 6.1 +17.0
HIPR Direxion High Growth ETF 0.3 40 -10 4.0 +14.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -15 6.9 +17.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 -11 6.0 +16.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 5 4.7 +15.7
IXUS ishares Core MSCI Total International Stock ETF 0.3 9 21 6.2 +17.2
QEFA SPDR MSCI EAFE Quality Mix ETF 0.3 30 0 5.8 +16.7
RNDM First Trust Developed International Equity Select ETF 0.3 65 -35 5.3 +16.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 5 5.8 +16.8
SCZ iShares MSCI Eafe Small-Cap ETF 0.3 40 -10 5.1 +16.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.3 25 5 5.4 +16.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 0.3 35 -5 4.8 +15.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 10 4.8 +15.7
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 26 4.6 +15.5
JHML John Hancock Multifactor Large Cap ETF 0.3 29 1 4.7 +15.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 11 19 5.3 +16.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.2 25 5 5.3 +16.3
AVUS Avantis U.S. Equity ETF 0.2 15 15 4.8 +15.8
JHMT John Hancock Multifactor Technology ETF 0.2 40 -10 4.1 +15.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 10 4.0 +14.9
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 -5 5.9 +16.8
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 0.2 35 -5 5.9 +16.8
RWL Invesco S&P 500 Revenue ETF 0.2 39 -9 5.6 +16.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.2 23 7 6.0 +17.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.2 24 6 5.6 +16.6
VXF Vanguard Extended Market Index Fund 0.2 6 24 2.6 +13.5
IQIN IQ 500 International ETF 0.2 25 5 7.0 +17.9
STSB iShares Factors US Small Blend Style ETF 0.2 35 -5 3.5 +14.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -9 6.5 +17.5
AVDE Avantis International Equity ETF 0.2 23 7 6.5 +17.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 5 7.3 +18.3
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 10 5.0 +15.9
ETHO Etho Climate Leadership U.S. ETF 0.2 48 -18 3.7 +14.6
VFLQ Vanguard U.S. Liquidity Factor ETF 0.2 14 16 3.3 +14.2
NULG Nuveen ESG Large-Cap Growth ETF 0.2 35 -5 3.1 +14.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -45 2.3 +13.2
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 23 1.9 +12.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 -30 5.0 +15.9
TOK iShares MSCI Kokusai ETF 0.2 25 5 4.8 +15.7
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 -12 4.6 +15.5
NUSC Nuveen ESG Small-Cap ETF 0.2 40 -10 3.7 +14.6
VO Vanguard Mid-Cap Index Fund 0.2 4 26 4.3 +15.3
JPIN JPMorgan Diversified Return International Equity ETF 0.2 37 -7 6.8 +17.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.2 29 1 5.9 +16.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 -9 3.7 +14.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 -29 5.2 +16.1
URTH iShares MSCI World ETF 0.2 24 6 4.9 +15.8
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.2 35 -5 6.2 +17.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 -12 4.7 +15.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -9 5.6 +16.5
ACWI iShares MSCI ACWI ETF 0.2 32 -2 5.0 +15.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.2 45 -15 5.7 +16.7
SFYX Sofi Next 500 ETF 0.1 0 30 4.9 +15.8
VEA Vanguard FTSE Developed Markets ETF 0.1 5 25 6.2 +17.1
ISZE iShares Edge MSCI Intl Size Factor ETF 0.1 30 0 5.8 +16.8
VGK Vanguard FTSE Europe ETF 0.1 8 22 6.1 +17.0
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 0.1 43 -13 5.3 +16.2
TUSA First Trust Total US Market AlphaDEX ETF 0.1 70 -40 5.5 +16.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 13 5.3 +16.3
GSPY Gotham Enhanced 500 ETF 0.1 50 -20 4.6 +15.5
HAP VanEck Vectors Natural Resources ETF 0.1 50 -20 4.6 +15.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.1 17 13 3.9 +14.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.1 6 24 4.0 +14.9
AFMC First Trust Active Factor Mid Cap ETF 0.1 65 -35 5.2 +16.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 22 6.4 +17.4
GWX SPDR S&P International Small Cap ETF 0.1 40 -10 4.8 +15.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 31 -1 3.7 +14.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 21 5.0 +16.0
QINT American Century Quality Diversified International ETF 0.1 39 -9 6.2 +17.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 71 -41 7.4 +18.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.1 30 0 5.4 +16.4
VB Vanguard Small-Cap ETF 0.1 5 25 4.2 +15.2
VT Vanguard Total World Stock ETF 0.1 8 22 5.2 +16.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.1 24 6 6.4 +17.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 1 5.0 +15.9
SDG iShares Sustainable MSCI Global Impact ETF 0.1 49 -19 5.3 +16.3
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 20 4.4 +15.4
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 5 3.6 +14.5
VTWV Vanguard Russell 2000 Value Index Fund 0.1 15 15 4.6 +15.6
IWN iShares Russell 2000 Value ETF 0.1 24 6 4.6 +15.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 9 3.1 +14.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.1 35 -5 7.5 +18.4
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -12 4.5 +15.4
EUSA iShares MSCI USA Equal Weighted ETF 0.1 15 15 4.9 +15.8
SIZE iShares MSCI USA Size Factor ETF 0.1 15 15 4.9 +15.8
VUG Vanguard Growth Index Fund 0.1 4 26 3.5 +14.5
EWC iShares MSCI Canada ETF 0.1 51 -21 5.9 +16.8
VEGN US Vegan Climate ETF 0.0 60 -30 3.9 +14.9
VXUS Vanguard Total International Stock ETF 0.0 8 22 6.3 +17.3
VTI Vanguard Total Stock Market Index Fund 0.0 3 27 4.4 +15.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 0 5.2 +16.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 12 18 4.5 +15.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 27 4.4 +15.3
IDHQ Invesco S&P International Developed Quality ETF 0.0 29 1 5.0 +15.9
ESGU iShares MSCI USA ESG Optimized ETF 0.0 15 15 4.5 +15.4
SUSA iShares MSCI USA ESG Select ETF 0.0 25 5 4.3 +15.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 0.0 29 1 5.1 +16.0
VTHR Vanguard Russell 3000 Index Fund 0.0 10 20 4.4 +15.3
IWV iShares Russell 3000 ETF 0.0 20 10 4.3 +15.2
VV Vanguard Large-Cap Index Fund 0.0 4 26 4.6 +15.5
HEWC iShares Currency Hedged MSCI Canada ETF 0.0 54 -24 5.8 +16.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 -2 5.5 +16.5
IUSS Invesco Strategic US Small Company ETF 0.0 23 7 3.3 +14.2
VSGX Vanguard ESG International Stock ETF 0.0 17 13 6.1 +17.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -6 6.7 +17.6
VPL Vanguard FTSE Pacific ETF 0.0 8 22 6.3 +17.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 11 19 6.7 +17.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 -9 3.5 +14.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -29 9.9 +20.9
AVEM Avantis Emerging Markets Equity ETF 0.0 33 -3 7.8 +18.7
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 -5 7.0 +17.9

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

  2016 2017 2018 2019 2020 2021E 2022E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Defiance Next Gen H2 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 -123.1 %
Divided by: Fwd. P/BV 11.6 x
Less: Expense ratio 30 bp
Equals: ALTAR Score -10.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.47
 
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.