Defiance Next Gen H2 ETF
ALTAR
Score™		 -11.1% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -12.5x P/Sales
ratio		 1.8x
P/BV
ratio		 1.5x Div.
yield		 0.5%


  • 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) $19
Currency USD
Expense ratio 30 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 21
Wgt avg mkt cap (mns) $17,013
Large cap (>$10bn) 15.5%
Mid cap ($2-10bn) 14.1%
Small cap (<$2bn) 70.5%
Developed mkts 85.2%
Emerging mkts 14.8%

TOP TEN HOLDINGS
BLOOM ENERGY CORPORATION CLASS A 9.7 %
NEL ASA 9.2 %
DOOSAN FUEL CELL CO., LTD. 8.7 %
BALLARD POWER SYSTEMS INC 7.7 %
PLUG POWER INC 6.4 %
SFC ENERGY AG 4.7 %
ITM POWER PLC 4.5 %
LINDE PLC 4.3 %
AIR LIQUIDE SA 4.3 %
AIR PRODUCTS & CHEMICALS INC 4.3 %
Total 63.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 24.0 %
SOUTH KOREA 15.0 %
BRITAIN 14.6 %
NORWAY 10.5 %
CANADA 7.7 %
GERMANY 4.7 %
FRANCE 4.3 %
SWEDEN 2.4 %
DENMARK 2.2 %
JAPAN 2.1 %

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.
-18.6% -46.2% -- -- -41.7%

Market Correlations
versus... Beta R-squared
S&P500 1.69 51%
MSCI EAFE 1.70 49%
MSCI Emg. Mkts. 1.64 48%

Technical Indicators
Recent close $4.70
30d moving avg. $6.14
Annualized volatility 42.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.5%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $2,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 392 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™: -11.1%


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
(%)
HYDR Global X Hydrogen ETF 61.7 50 -20 -13.6 -2.5
HJEN Direxion Hydrogen ETF 55.2 45 -15 -3.2 +7.9
MXI iShares Global Materials ETF 10.9 41 -11 6.6 +17.7
CTEC Global X CleanTech ETF 9.6 50 -20 1.0 +12.1
IYM iShares U.S. Basic Materials ETF 8.6 40 -10 6.7 +17.8
XLB Materials Select Sector SPDR Fund 8.6 9 21 5.8 +16.8
VAW Vanguard Materials ETF 8.3 10 20 6.5 +17.6
PBD Invesco Global Clean Energy ETF 7.4 75 -45 -3.9 +7.2
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.0 60 -30 8.0 +19.0
RSPM Invesco S&P 500 Equal Weight Materials ETF 6.9 40 -10 7.6 +18.6
PBW Invesco WilderHill Clean Energy ETF 5.8 66 -36 -19.8 -8.8
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 5.7 55 -25 3.6 +14.7
CNRG SPDR S&P Kensho Clean Power ETF 5.7 45 -15 -7.5 +3.6
FRNW Fidelity Clean Energy ETF 4.7 39 -9 3.7 +14.8
RSHO Tema American Reshoring ETF 4.3 75 -45 3.6 +14.7
EWQ iShares MSCI France ETF 4.3 53 -23 5.4 +16.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.2 45 -15 4.9 +16.0
FMAT Fidelity MSCI Materials Index ETF 4.1 8 22 6.6 +17.6
BKCI BNY Mellon Concentrated International ETF 3.7 80 -50 5.2 +16.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.7 39 -9 -3.5 +7.6
ICLN iShares Global Clean Energy ETF 3.5 41 -11 4.3 +15.4
FXZ First Trust Materials AlphaDEX Fund 2.9 61 -31 10.2 +21.3
FEZ SPDR EURO STOXX 50 ETF 2.8 29 1 6.2 +17.3
BNE Blue Horizon BNE ETF 2.8 87 -57 5.0 +16.1
ACES ALPS Clean Energy ETF 2.6 55 -25 -5.0 +6.1
AGQI First Trust Active Global Quality Income ETF 2.6 85 -55 5.8 +16.9
QQMG Invesco ESG NASDAQ 100 ETF 2.5 20 10 4.7 +15.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 2.4 58 -28 -0.3 +10.8
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 2.3 12 18 5.5 +16.6
JIG JPMorgan International Growth ETF 2.2 55 -25 4.3 +15.4
ETEC iShares Breakthrough Environmental Solutions ETF 2.2 47 -17 5.3 +16.4
RNEW VanEck Green Infrastructure ETF 2.2 45 -15 -0.4 +10.7
FDIV MarketDesk Focused U.S. Dividend ETF 2.0 35 -5 8.8 +19.9
EZU iShares MSCI Eurozone ETF 1.9 52 -22 6.2 +17.2
BGIG Bahl & Gaynor Income Growth ETF 1.9 45 -15 5.3 +16.4
VCLN Virtus Duff & Phelps Clean Energy ETF 1.9 59 -29 3.5 +14.6
IWX iShares Russell Top 200 Value ETF 1.9 20 10 6.5 +17.6
SPHQ Invesco S&P 500 Quality ETF 1.9 15 15 5.4 +16.5
STXD Strive 1000 Dividend Growth ETF 1.8 35 -5 5.5 +16.6
FLEU Franklin FTSE Eurozone ETF 1.8 9 21 6.7 +17.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.8 32 -2 6.7 +17.8
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.8 45 -15 -3.3 +7.8
VIG Vanguard Dividend Appreciation ETF 1.8 6 24 5.8 +16.9
GURU Global X Guru Index ETF 1.8 75 -45 2.5 +13.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.7 45 -15 6.2 +17.3
QUAL iShares MSCI USA Quality Factor ETF 1.7 15 15 5.5 +16.6
QQQ Invesco QQQ Trust Series I 1.7 20 10 4.6 +15.7
QQQM Invesco NASDAQ 100 ETF 1.7 15 15 4.7 +15.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.7 60 -30 5.0 +16.1
DKRB Subversive Decarbonization ETF 1.7 75 -45 0.0 +11.1
FJP First Trust Japan AlphaDEX Fund 1.6 80 -50 10.1 +21.2
DRIV Global X Autonomous & Electric Vehicles ETF 1.6 68 -38 3.4 +14.4
USXF iShares ESG Advanced MSCI USA ETF 1.6 10 20 5.2 +16.3
ADME Aptus Drawdown Managed Equity ETF 1.5 79 -49 4.3 +15.4
HEDJ WisdomTree Europe Hedged Equity Fund 1.5 58 -28 8.4 +19.5
SDY SPDR S&P Dividend ETF 1.5 35 -5 6.3 +17.3
LEAD Siren DIVCON Leaders Dividend ETF 1.5 43 -13 5.2 +16.3
RUNN Running Oak Efficient Growth ETF 1.5 58 -28 4.8 +15.9
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.4 49 -19 10.5 +21.5
UMMA Wahed Dow Jones Islamic World ETF 1.4 65 -35 4.3 +15.4
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.4 56 -26 6.3 +17.4
PZLG Puzzle Mature Growth 1.4 0 30 4.2 +15.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.4 12 18 5.4 +16.5
RFFC ALPS Active Equity Opportunity ETF 1.4 48 -18 4.5 +15.6
EFG iShares MSCI EAFE Growth ETF 1.3 36 -6 4.1 +15.2
HLAL Wahed FTSE USA Shariah ETF 1.3 50 -20 5.0 +16.0
PFM Invesco Dividend Achievers ETF 1.3 53 -23 5.7 +16.8
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 -5 6.0 +17.1
TMDV ProShares Russell US Dividend Growers ETF 1.3 35 -5 6.5 +17.6
IMTM iShares MSCI Intl Momentum Factor ETF 1.3 30 0 6.8 +17.9
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 6 6.7 +17.8
VONV Vanguard Russell 1000 Value ETF 1.2 8 22 6.7 +17.8
IWD iShares Russell 1000 Value ETF 1.2 19 11 6.6 +17.6
DSI iShares MSCI KLD 400 Social ETF 1.2 25 5 5.1 +16.2
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -45 5.3 +16.4
IVAL Alpha Architect International Quantitative Value ETF 1.1 49 -19 5.8 +16.9
MGK Vanguard Mega Cap Growth ETF 1.1 7 23 4.4 +15.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.1 15 15 7.0 +18.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.1 20 10 6.4 +17.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 1.1 45 -15 4.7 +15.8
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -45 4.5 +15.6
DVND Touchstone Dividend Select ETF 1.0 67 -37 6.4 +17.5
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 -15 -2.0 +9.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.0 25 5 5.8 +16.9
SPLV Invesco S&P 500 Low Volatility ETF 1.0 25 5 5.7 +16.8
ALTL Pacer Lunt Large Cap Alternator ETF 1.0 60 -30 5.3 +16.4
PEXL Pacer US Export Leaders ETF 1.0 60 -30 5.1 +16.2
IEV iShares Europe ETF 1.0 67 -37 6.1 +17.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.0 49 -19 7.3 +18.4
BBEU JPMorgan BetaBuilders Europe ETF 1.0 9 21 6.7 +17.8
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 5 6.8 +17.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -42 2.2 +13.3
KLDW Knowledge Leaders Developed World ETF 1.0 75 -45 4.9 +16.0
SUSL iShares ESG MSCI USA Leaders ETF 1.0 10 20 5.1 +16.2
IQSI IQ Candriam International Equity ETF 1.0 15 15 6.4 +17.5
LRGF iShares U.S. Equity Factor ETF 1.0 8 22 5.8 +16.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.9 46 -16 6.3 +17.4
SPMO Invesco S&P 500 Momentum ETF 0.9 13 17 3.7 +14.8
DFUV Dimensional US Marketwide Value ETF 0.9 22 8 7.6 +18.7
DGRO iShares Core Dividend Growth ETF 0.9 8 22 6.5 +17.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.9 22 8 6.2 +17.3
VSDA VictoryShares Dividend Accelerator ETF 0.9 35 -5 6.1 +17.1
VUG Vanguard Growth ETF 0.9 4 26 4.3 +15.3
FLEE Franklin FTSE Europe ETF 0.9 9 21 6.8 +17.9
SHE SPDR MSCI USA Gender Diversity ETF 0.9 20 10 5.0 +16.0
XLG Invesco S&P 500 Top 50 ETF 0.9 20 10 4.7 +15.8
SMOG VanEck Low Carbon Energy ETF 0.9 61 -31 3.0 +14.1
ILCV iShares Morningstar Value ETF 0.9 4 26 6.7 +17.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.9 35 -5 6.4 +17.5
DFLV Dimensional US Large Cap Value ETF 0.9 22 8 7.8 +18.9
IEUR iShares Core MSCI Europe ETF 0.9 11 19 -1.3 +9.8
SPEU SPDR Portfolio Europe ETF 0.9 7 23 6.6 +17.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.8 18 12 6.7 +17.8
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -29 2.9 +14.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.8 75 -45 4.9 +16.0
VOOG Vanguard S&P 500 Growth ETF 0.8 10 20 5.5 +16.5
STXG Strive 1000 Growth ETF 0.8 18 12 4.2 +15.3
IVE iShares S&P 500 Value ETF 0.8 18 12 6.6 +17.7
SPYV SPDR Portfolio S&P 500 Value ETF 0.8 4 26 6.7 +17.8
MOON Direxion Moonshot Innovators ETF 0.8 65 -35 0.0 +11.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.8 20 10 6.3 +17.3
IWL iShares Russell Top 200 ETF 0.8 15 15 5.0 +16.1
IQLT iShares MSCI Intl Quality Factor ETF 0.8 30 0 5.7 +16.8
IUSV iShares Core S&P US Value ETF 0.8 4 26 6.8 +17.9
OEF iShares S&P 100 ETF 0.8 20 10 5.0 +16.1
HDV iShares Core High Dividend ETF 0.8 8 22 8.1 +19.2
MGC Vanguard Mega Cap ETF 0.8 7 23 5.1 +16.2
JAVA JPMorgan Active Value ETF 0.7 44 -14 6.3 +17.4
EFA iShares MSCI EAFE ETF 0.7 35 -5 6.4 +17.5
FLLV Franklin U.S. Low Volatility ETF 0.7 29 1 5.9 +17.0
XVV iShares ESG Screened S&P 500 ETF 0.7 8 22 5.1 +16.2
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 21 5.1 +16.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.7 36 -6 6.4 +17.5
DGT SPDR Global Dow ETF 0.7 50 -20 6.7 +17.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.7 20 10 6.7 +17.7
XT iShares Exponential Technologies ETF 0.7 46 -16 3.9 +14.9
JEPI JPMorgan Equity Premium Income ETF 0.7 35 -5 5.3 +16.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.7 20 10 5.1 +16.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.7 29 1 5.1 +16.2
TRFM AAM Transformers ETF 0.7 49 -19 1.2 +12.3
VOO Vanguard S&P 500 ETF 0.6 3 27 5.3 +16.4
TOK iShares MSCI Kokusai ETF 0.6 26 4 5.3 +16.4
IVV iShares Core S&P 500 ETF 0.6 3 27 5.3 +16.4
SPY SPDR S&P 500 ETF Trust 0.6 9 21 5.2 +16.3
STRV Strive 500 ETF 0.6 5 25 5.2 +16.3
SPLG SPDR Portfolio S&P 500 ETF 0.6 2 28 5.3 +16.4
VV Vanguard Large-Cap ETF 0.6 4 26 5.2 +16.3
IQIN IQ 500 International ETF 0.6 25 5 8.8 +19.9
IEFA iShares Core MSCI EAFE ETF 0.6 7 23 2.7 +13.8
FXN First Trust Energy AlphaDEX Fund 0.6 62 -32 3.4 +14.5
URTH iShares MSCI World ETF 0.6 24 6 5.4 +16.5
BKIE BNY Mellon International Equity ETF 0.6 4 26 6.9 +18.0
PBUS Invesco MSCI USA ETF 0.6 4 26 5.3 +16.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 10 6.0 +17.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 5 7.4 +18.4
ILCB iShares Morningstar U.S. Equity ETF 0.6 3 27 5.3 +16.3
ETHO Etho Climate Leadership U.S. ETF 0.6 47 -17 4.1 +15.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.6 20 10 6.8 +17.9
VONE Vanguard Russell 1000 ETF 0.6 8 22 5.2 +16.3
APUE ActivePassive U.S. Equity ETF 0.6 45 -15 5.0 +16.1
IWB iShares Russell 1000 ETF 0.6 15 15 5.1 +16.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.6 3 27 5.4 +16.5
IYY iShares Dow Jones U.S. ETF 0.6 20 10 5.1 +16.2
SCHF Schwab International Equity ETF 0.6 6 24 7.0 +18.1
DFUS Dimensional U.S. Equity ETF 0.6 9 21 5.1 +16.2
MVPS Amplify Thematic All-Stars ETF 0.6 49 -19 1.7 +12.7
VTI Vanguard Total Stock Market ETF 0.6 3 27 5.1 +16.2
VTHR Vanguard Russell 3000 ETF 0.6 10 20 5.1 +16.2
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 0 6.8 +17.9
IWV iShares Russell 3000 ETF 0.6 20 10 5.0 +16.1
FVD First Trust Value Line Dividend Index Fund 0.6 65 -35 6.0 +17.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 5 7.7 +18.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 27 5.1 +16.2
IDEV iShares Core MSCI International Developed Markets ETF 0.6 4 26 6.7 +17.8
IUS Invesco RAFI Strategic US ETF 0.6 19 11 7.3 +18.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.6 24 6 8.6 +19.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.6 12 18 4.5 +15.6
RVRB Reverb ETF 0.6 30 0 5.0 +16.1
ACWI iShares MSCI ACWI ETF 0.6 32 -2 5.5 +16.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 -35 3.8 +14.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -50 10.8 +21.8
ESGN Columbia International ESG Equity Income ETF 0.5 45 -15 9.0 +20.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 19 5.2 +16.3
SFY SoFi Select 500 ETF 0.5 0 30 5.2 +16.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.5 60 -30 4.1 +15.1
WWJD Inspire International ETF 0.5 80 -50 7.1 +18.2
JHMD John Hancock Multifactor Developed International ETF 0.5 39 -9 7.4 +18.5
DXJ WisdomTree Japan Hedged Equity Fund 0.5 48 -18 7.7 +18.8
UIVM VictoryShares International Value Momentum ETF 0.5 35 -5 10.7 +21.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 27 6.9 +18.0
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 -18 7.7 +18.8
IVW iShares S&P 500 Growth ETF 0.5 18 12 4.5 +15.6
SPYG SPDR Portfolio S&P 500 Growth ETF 0.5 4 26 4.6 +15.7
DFAU Dimensional US Core Equity Market ETF 0.5 12 18 5.4 +16.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 21 5.7 +16.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 10 -7.8 +3.3
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 5 5.8 +16.9
IUSG iShares Core S&P U.S. Growth ETF 0.5 4 26 4.6 +15.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.5 20 10 6.3 +17.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 -4 6.7 +17.8
DFAI Dimensional International Core Equity Market ETF 0.5 18 12 6.9 +18.0
DIM WisdomTree International MidCap Dividend Fund 0.5 58 -28 7.7 +18.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.5 80 -50 5.4 +16.5
VOOV Vanguard S&P 500 Value ETF 0.4 10 20 5.5 +16.6
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 -9 7.3 +18.4
ENOR iShares MSCI Norway ETF 0.4 53 -23 7.6 +18.6
NORW Global X MSCI Norway ETF 0.4 50 -20 7.5 +18.5
AVDE Avantis International Equity ETF 0.4 23 7 7.9 +18.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -11 6.7 +17.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 5 9.1 +20.2
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 15 6.1 +17.1
DGRW WisdomTree US Quality Dividend Growth Fund 0.4 28 2 6.2 +17.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.4 30 0 6.8 +17.9
VT Vanguard Total World Stock ETF 0.4 7 23 5.8 +16.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 -10 7.8 +18.9
CLNR IQ Cleaner Transport ETF 0.4 45 -15 8.3 +19.3
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 23 6.9 +18.0
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 -18 7.5 +18.6
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 10 6.2 +17.3
EWJV iShares MSCI Japan Value ETF 0.4 15 15 9.0 +20.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 -5 2.3 +13.4
DWM WisdomTree International Equity Fund 0.4 48 -18 7.8 +18.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 5 7.4 +18.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 -15 8.5 +19.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 13 5.7 +16.7
ESGU iShares ESG Aware MSCI USA ETF 0.4 15 15 5.2 +16.3
DIHP Dimensional International High Profitability ETF 0.4 29 1 6.9 +18.0
TPIF Timothy Plan International ETF 0.4 62 -32 6.7 +17.8
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 -29 8.2 +19.3
VYM Vanguard High Dividend Yield Index ETF 0.4 6 24 7.3 +18.4
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -32 3.7 +14.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 -9 7.3 +18.4
ILCG iShares Morningstar Growth ETF 0.3 4 26 4.1 +15.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 -15 6.2 +17.3
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 18 7.1 +18.2
MGV Vanguard Mega Cap Value ETF 0.3 7 23 6.8 +17.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 -9 7.6 +18.7
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 21 6.1 +17.2
EWJ iShares MSCI Japan ETF 0.3 50 -20 6.7 +17.8
ISZE iShares MSCI Intl Size Factor ETF 0.3 30 0 6.6 +17.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 -4 10.6 +21.7
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 11 7.1 +18.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 -17 6.6 +17.7
WLDR Affinity World Leaders Equity ETF 0.3 67 -37 8.5 +19.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 -7 8.7 +19.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 10 5.6 +16.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 10 2.1 +13.2
SIZE iShares MSCI USA Size Factor ETF 0.3 15 15 6.0 +17.1
VTV Vanguard Value ETF 0.3 4 26 7.0 +18.1
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 15 6.0 +17.1
FLJP Franklin FTSE Japan ETF 0.3 9 21 7.1 +18.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 5 6.1 +17.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 -29 5.6 +16.7
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.3 50 -20 7.9 +19.0
CIL VictoryShares International Volatility Wtd ETF 0.3 45 -15 6.9 +17.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.3 51 -21 6.8 +17.9
RWL Invesco S&P 500 Revenue ETF 0.3 39 -9 6.6 +17.7
VGK Vanguard FTSE Europe ETF 0.3 11 19 6.8 +17.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 21 5.5 +16.6
BLES Inspire Global Hope ETF 0.3 61 -31 6.3 +17.4
DFIC Dimensional International Core Equity 2 ETF 0.2 23 7 7.4 +18.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -45 4.9 +16.0
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 21 6.9 +18.0
SCHV Schwab U.S. Large-Cap Value ETF 0.2 4 26 6.7 +17.8
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 15 7.9 +19.0
NUSC Nuveen ESG Small-Cap ETF 0.2 31 -1 5.2 +16.2
QINT American Century Quality Diversified International ETF 0.2 39 -9 7.4 +18.5
DWMF WisdomTree International Multifactor Fund 0.2 38 -8 7.3 +18.4
FDLO Fidelity Low Volatility Factor ETF 0.2 15 15 5.5 +16.6
RODE Hartford Multifactor Diversified International ETF 0.2 29 1 11.5 +22.6
VEA Vanguard FTSE Developed Markets ETF 0.2 5 25 7.0 +18.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 -45 3.8 +14.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 26 5.7 +16.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 21 6.0 +17.1
DFIV Dimensional International Value ETF 0.2 27 3 9.8 +20.9
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 2 6.2 +17.3
GSPY Gotham Enhanced 500 ETF 0.2 50 -20 5.3 +16.4
GLOF iShares Global Equity Factor ETF 0.2 20 10 7.1 +18.1
STXK Strive Small-Cap ETF 0.2 18 12 5.5 +16.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 24 2.5 +13.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 0 7.8 +18.9
IPAC iShares Core MSCI Pacific ETF 0.2 9 21 6.7 +17.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 21 5.0 +16.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -37 9.2 +20.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 1 8.8 +19.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 -9 4.5 +15.6
VBK Vanguard Small-Cap Growth ETF 0.2 7 23 1.5 +12.5
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 2 6.5 +17.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 22 7.2 +18.3
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 1 7.2 +18.3
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 0 6.1 +17.1
DIVB iShares Core Dividend ETF 0.2 5 25 8.0 +19.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 21 5.7 +16.7
AVIV Avantis International Large Cap Value ETF 0.2 25 5 8.9 +20.0
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 -5 6.0 +17.1
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 -10 5.9 +17.0
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 20 5.3 +16.4
VPL Vanguard FTSE Pacific ETF 0.2 8 22 7.0 +18.0
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 5 5.4 +16.5
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 5 7.0 +18.0
VXUS Vanguard Total International Stock ETF 0.2 7 23 7.1 +18.2
INTF iShares International Equity Factor ETF 0.2 15 15 7.8 +18.9
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 15 1.7 +12.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 -12 5.1 +16.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 10 5.1 +16.2
IWO iShares Russell 2000 Growth ETF 0.2 24 6 1.4 +12.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 15 5.6 +16.6
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 3 9.0 +20.0
ACVF American Conservative Values ETF 0.1 75 -45 4.4 +15.5
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 21 5.3 +16.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -9 6.9 +18.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 21 5.1 +16.2
AVUS Avantis U.S. Equity ETF 0.1 15 15 6.0 +17.1
ROUS Hartford Multifactor US Equity ETF 0.1 19 11 6.4 +17.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 16 5.4 +16.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 21 5.3 +16.4
JHML John Hancock Multifactor Large Cap ETF 0.1 29 1 5.6 +16.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 21 8.0 +19.1
SCHX Schwab U.S. Large-Cap ETF 0.1 3 27 5.3 +16.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 23 5.2 +16.3
VOTE TCW Transform 500 ETF 0.1 5 25 5.2 +16.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.1 59 -29 6.2 +17.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 28 5.3 +16.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 12 6.3 +17.4
SCHK Schwab 1000 Index ETF 0.1 5 25 5.3 +16.4
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 5.2 +16.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 23 5.7 +16.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 19 5.2 +16.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 30 5.3 +16.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 0 10.6 +21.7
SQEW LeaderShares Equity Skew ETF 0.1 81 -51 6.1 +17.1
SUSA iShares MSCI USA ESG Select ETF 0.1 25 5 5.4 +16.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 5 7.1 +18.2
ISCB iShares Morningstar Small-Cap ETF 0.1 4 26 5.3 +16.4
GWX SPDR S&P International Small Cap ETF 0.1 40 -10 6.6 +17.7
IWY iShares Russell Top 200 Growth ETF 0.1 20 10 4.9 +15.9
EFV iShares MSCI EAFE Value ETF 0.1 34 -4 9.1 +20.2
STXV Strive 1000 Value ETF 0.1 18 12 7.8 +18.9
VTWO Vanguard Russell 2000 ETF 0.1 10 20 3.9 +14.9
IWM iShares Russell 2000 ETF 0.1 19 11 3.6 +14.7
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 22 4.7 +15.8
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -12 0.0 +11.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 16 6.2 +17.3
EPS WisdomTree U.S. LargeCap Fund 0.1 8 22 6.3 +17.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 5 7.1 +18.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 13 5.4 +16.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 19 6.4 +17.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 10 7.1 +18.2
VONG Vanguard Russell 1000 Growth ETF 0.1 8 22 4.8 +15.9
IWF iShares Russell 1000 Growth ETF 0.1 19 11 4.7 +15.8
VB Vanguard Small-Cap ETF 0.1 5 25 5.4 +16.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 5 5.7 +16.7
VIS Vanguard Industrials ETF 0.1 10 20 4.5 +15.6
SCHA Schwab U.S. Small-Cap ETF 0.1 4 26 4.9 +16.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 21 5.8 +16.9
IYE iShares U.S. Energy ETF 0.1 40 -10 6.5 +17.6
VYMI Vanguard International High Dividend Yield ETF 0.1 22 8 9.7 +20.8
VSGX Vanguard ESG International Stock ETF 0.1 12 18 6.8 +17.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 23 6.5 +17.6
VXF Vanguard Extended Market ETF 0.1 6 24 3.9 +15.0
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 6 6.2 +17.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -40 7.2 +18.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -10 0.0 +11.1
SSPY Syntax Stratified LargeCap ETF 0.0 30 0 6.5 +17.6
IGRO iShares International Dividend Growth ETF 0.0 15 15 7.1 +18.2
SCHM Schwab U.S. Mid-Cap ETF 0.0 4 26 6.3 +17.4
SFYX SoFi Next 500 ETF 0.0 0 30 5.6 +16.7
IWN iShares Russell 2000 Value ETF 0.0 24 6 5.6 +16.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 13 7.1 +18.2
VTWV Vanguard Russell 2000 Value ETF 0.0 15 15 5.8 +16.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 -19 6.7 +17.8
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 -12 6.6 +17.7
SMMD iShares Russell 2500 ETF 0.0 15 15 6.0 +17.1
IWS iShares Russell Mid-Cap Value ETF 0.0 23 7 6.6 +17.7
IWR iShares Russell Midcap ETF 0.0 19 11 5.7 +16.8
DFIS Dimensional International Small Cap ETF 0.0 39 -9 6.7 +17.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 19 7.7 +18.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 15 4.9 +16.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 9 3.9 +15.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 15 7.1 +18.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -6 7.5 +18.5
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 21 7.5 +18.6
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 -20 4.9 +16.0
VEGN US Vegan Climate ETF 0.0 60 -30 4.7 +15.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 -11 7.8 +18.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 26 4.3 +15.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -29 9.6 +20.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 -8 8.2 +19.3
HKND Humankind US Stock ETF 0.0 11 19 7.0 +18.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 -5 7.7 +18.8
DFAS Dimensional U.S. Small Cap ETF 0.0 26 4 6.0 +17.1
AVEM Avantis Emerging Markets Equity ETF 0.0 33 -3 9.1 +20.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 -16.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 30 bp
Equals: ALTAR Score -11.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 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.