Defiance Next Gen H2 ETF
ALTAR
Score™		 -10.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -8.0x P/Sales
ratio		 2.4x
P/BV
ratio		 1.9x 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) $15
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 18
Wgt avg mkt cap (mns) $18,330
Large cap (>$10bn) 18.9%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 68.1%
Developed mkts 91.3%
Emerging mkts 8.8%

TOP TEN HOLDINGS
BLOOM ENERGY CORPORATION CLASS A 11.3 %
DOOSAN FUEL CELL CO., LTD. 8.8 %
NEL ASA 8.8 %
BALLARD POWER SYSTEMS INC 7.6 %
SFC ENERGY AG 6.8 %
PLUG POWER INC 6.8 %
AIR LIQUIDE SA 5.5 %
THYSSENKRUPP NUCERA AG & CO KGAA 5.3 %
LINDE PLC 4.9 %
POWERCELL SWEDEN AB 4.5 %
Total 70.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 27.0 %
BRITAIN 14.9 %
CANADA 9.8 %
SOUTH KOREA 8.0 %
GERMANY 5.7 %
FRANCE 4.3 %
NORWAY 4.2 %
SWEDEN 2.6 %
JAPAN 2.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.0% -27.2% -- -- -39.2%

Market Correlations
versus... Beta R-squared
S&P500 1.75 52%
MSCI EAFE 1.81 58%
MSCI Emg. Mkts. 1.62 46%

Technical Indicators
Recent close $27.52
30d moving avg. $30.82
Annualized volatility 41.4%
Short interest (ETF) 3.1%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.9%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $2,078

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 436 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™: -10.1%


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 62.2 50 -20 -8.4 +1.7
IBAT iShares Energy Storage & Materials ETF 19.2 47 -17 5.3 +15.4
CTEC Global X CleanTech ETF 16.7 50 -20 2.2 +12.3
MXI iShares Global Materials ETF 12.9 41 -11 8.0 +18.1
FMAT Fidelity MSCI Materials Index ETF 9.3 8 22 6.5 +16.5
IYM iShares U.S. Basic Materials ETF 9.3 40 -10 6.7 +16.8
XLB Materials Select Sector SPDR Fund 9.3 8 22 6.2 +16.2
VAW Vanguard Materials ETF 9.3 10 20 6.4 +16.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 9.0 45 -15 0.0 +10.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 7.9 40 -10 7.8 +17.9
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 6.8 60 -30 6.4 +16.5
CNRG SPDR S&P Kensho Clean Power ETF 6.3 45 -15 -0.1 +10.0
PBD Invesco Global Clean Energy ETF 6.1 75 -45 0.4 +10.5
FXZ First Trust Materials AlphaDEX Fund 5.9 61 -31 11.0 +21.0
EWQ iShares MSCI France ETF 5.5 53 -23 7.0 +17.1
FRNW Fidelity Clean Energy ETF 5.3 39 -9 4.2 +14.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.9 58 -28 -3.5 +6.5
OSEA Harbor International Compounders ETF 4.9 55 -25 4.7 +14.8
RSHO Tema American Reshoring ETF 4.9 75 -45 5.5 +15.5
PBW Invesco WilderHill Clean Energy ETF 4.5 66 -36 -6.0 +4.1
BEEZ Honeytree U.S. Equity ETF 4.2 64 -34 3.5 +13.5
RNEW VanEck Green Infrastructure ETF 4.1 45 -15 -2.0 +8.1
BKCI BNY Mellon Concentrated International ETF 4.0 80 -50 4.9 +15.0
YLDE ClearBridge Dividend Strategy ESG ETF 3.9 60 -30 5.4 +15.5
BLCR iShares Large Cap Core Active ETF 3.8 36 -6 4.3 +14.3
BRIF FIS Bright Portfolios Focused Equity ETF 3.7 65 -35 4.9 +14.9
BOUT Innovator IBD Breakout Opportunities ETF 3.6 81 -51 4.8 +14.8
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.6 45 -15 7.7 +17.7
JIG JPMorgan International Growth ETF 3.4 55 -25 4.8 +14.9
BDIV AAM Brentview Dividend Growth ETF 3.1 49 -19 4.3 +14.4
DIVZ TrueShares Low Volatility Equity Income ETF 3.0 65 -35 6.6 +16.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 2.9 35 -5 5.7 +15.8
FEZ SPDR EURO STOXX 50 ETF 2.8 29 1 7.2 +17.2
JGLO JPMorgan Global Select Equity ETF 2.5 33 -3 5.1 +15.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.5 70 -40 4.4 +14.4
CGDV Capital Group Dividend Value ETF 2.5 33 -3 4.9 +15.0
ACES ALPS Clean Energy ETF 2.4 55 -25 -4.2 +5.9
LVOL American Century Low Volatility ETF 2.4 29 1 4.4 +14.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.4 55 -25 5.5 +15.5
CGUS Capital Group Core Equity ETF 2.4 33 -3 4.6 +14.7
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 2.2 12 18 5.0 +15.1
VCLN Virtus Duff & Phelps Clean Energy ETF 2.2 59 -29 6.2 +16.2
DIVL Madison Dividend Value ETF 2.2 65 -35 5.4 +15.5
SNPV Xtrackers S&P 500 Value ESG ETF 2.2 15 15 5.4 +15.5
QQMG Invesco ESG NASDAQ 100 ETF 2.1 20 10 4.6 +14.7
FTCS First Trust Capital Strength ETF 2.1 55 -25 5.2 +15.2
QTOP iShares Nasdaq Top 30 Stocks ETF 2.1 20 10 4.8 +14.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.1 39 -9 -1.1 +8.9
GSFP Goldman Sachs Future Planet Equity ETF 2.0 75 -45 4.8 +14.9
DRIV Global X Autonomous & Electric Vehicles ETF 1.9 68 -38 6.8 +16.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.9 60 -30 4.4 +14.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.9 49 -19 8.7 +18.7
FTDS First Trust Dividend Strength ETF 1.9 70 -40 7.8 +17.9
HEDJ WisdomTree Europe Hedged Equity Fund 1.9 58 -28 6.6 +16.6
BGIG Bahl & Gaynor Income Growth ETF 1.9 45 -15 5.4 +15.5
EZU iShares MSCI Eurozone ETF 1.9 52 -22 6.8 +16.9
STXD Strive 1000 Dividend Growth ETF 1.8 35 -5 5.0 +15.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.8 60 -30 5.3 +15.4
RGEF Rockefeller Global Equity ETF 1.8 55 -25 5.2 +15.3
VSDA VictoryShares Dividend Accelerator ETF 1.8 35 -5 7.0 +17.1
BGDV Bahl & Gaynor Dividend ETF 1.8 45 -15 5.0 +15.0
IWX iShares Russell Top 200 Value ETF 1.8 20 10 6.4 +16.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.8 32 -2 6.1 +16.2
RUNN Running Oak Efficient Growth ETF 1.7 58 -28 4.9 +14.9
IGRO iShares International Dividend Growth ETF 1.7 15 15 7.3 +17.4
CGGO Capital Group Global Growth Equity ETF 1.7 47 -17 5.0 +15.1
INCE Franklin Income Equity Focus ETF 1.7 29 1 5.6 +15.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.7 45 -15 6.6 +16.7
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.6 15 15 5.9 +16.0
MGV Vanguard Mega Cap Value ETF 1.6 7 23 6.7 +16.8
PTL Inspire 500 ETF 1.6 9 21 5.4 +15.5
TMDV ProShares Russell US Dividend Growers ETF 1.6 35 -5 4.6 +14.7
BATT Amplify Lithium & Battery Technology ETF 1.6 59 -29 3.8 +13.9
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.6 56 -26 6.3 +16.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.5 12 18 5.8 +15.8
VIG Vanguard Dividend Appreciation ETF 1.5 6 24 6.0 +16.0
VFMV Vanguard U.S. Minimum Volatility ETF 1.5 13 17 5.5 +15.5
DVND Touchstone Dividend Select ETF 1.5 67 -37 5.7 +15.8
QQQ Invesco QQQ Trust Series I 1.5 20 10 4.6 +14.6
QQQM Invesco NASDAQ 100 ETF 1.5 15 15 4.6 +14.7
USXF iShares ESG Advanced MSCI USA ETF 1.5 10 20 4.9 +15.0
SDY SPDR S&P Dividend ETF 1.5 35 -5 6.2 +16.2
AUSF Global X Adaptive U.S. Factor ETF 1.4 27 3 9.2 +19.2
EFG iShares MSCI EAFE Growth ETF 1.4 36 -6 4.5 +14.6
LEAD Siren DIVCON Leaders Dividend ETF 1.4 43 -13 4.6 +14.7
JEPI JPMorgan Equity Premium Income ETF 1.4 35 -5 5.4 +15.5
UMMA Wahed Dow Jones Islamic World ETF 1.4 65 -35 5.3 +15.3
ADME Aptus Drawdown Managed Equity ETF 1.4 79 -49 4.3 +14.4
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 -16 6.0 +16.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 -20 5.8 +15.9
DFLV Dimensional US Large Cap Value ETF 1.4 22 8 8.2 +18.3
MOTE VanEck Morningstar ESG Moat ETF 1.4 49 -19 4.9 +14.9
HLAL Wahed FTSE USA Shariah ETF 1.3 50 -20 5.2 +15.2
ICLN iShares Global Clean Energy ETF 1.3 41 -11 6.4 +16.4
CGIE Capital Group International Equity ETF 1.3 54 -24 5.1 +15.2
RFFC ALPS Active Equity Opportunity ETF 1.3 48 -18 4.5 +14.6
BLCV iShares Large Cap Value Active ETF 1.3 53 -23 7.6 +17.7
SMOG VanEck Low Carbon Energy ETF 1.3 61 -31 1.5 +11.6
JIRE JPMorgan International Research Enhanced Equity ETF 1.3 24 6 7.4 +17.5
GURU Global X Guru Index ETF 1.3 75 -45 4.2 +14.2
PFM Invesco Dividend Achievers ETF 1.3 53 -23 5.3 +15.4
RAFE PIMCO RAFI ESG U.S. ETF 1.3 29 1 7.3 +17.4
QUAL iShares MSCI USA Quality Factor ETF 1.2 15 15 5.3 +15.4
FENI Fidelity Enhanced International ETF 1.2 28 2 7.0 +17.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.2 45 -15 2.0 +12.1
THNR Amplify Weight Loss Drug & Treatment ETF 1.2 59 -29 5.8 +15.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.2 20 10 7.8 +17.8
SPLV Invesco S&P 500 Low Volatility ETF 1.2 25 5 4.8 +14.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.2 25 5 4.9 +14.9
IVE iShares S&P 500 Value ETF 1.2 18 12 6.2 +16.3
VOOV Vanguard S&P 500 Value ETF 1.2 10 20 6.3 +16.4
SPYV SPDR Portfolio S&P 500 Value ETF 1.2 4 26 6.4 +16.4
ALTL Pacer Lunt Large Cap Alternator ETF 1.2 60 -30 4.6 +14.7
GVUS Marketbeta Russell 1000 Value Equity ETF 1.2 12 18 6.5 +16.6
DFUV Dimensional US Marketwide Value ETF 1.2 22 8 8.1 +18.1
IWD iShares Russell 1000 Value ETF 1.2 19 11 6.5 +16.5
VONV Vanguard Russell 1000 Value ETF 1.2 8 22 6.6 +16.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 1.2 9 21 5.0 +15.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 1.1 10 20 5.3 +15.4
PEXL Pacer US Export Leaders ETF 1.1 60 -30 5.4 +15.5
IUSV iShares Core S&P US Value ETF 1.1 4 26 6.5 +16.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 -5 4.5 +14.6
SUSL iShares ESG MSCI USA Leaders ETF 1.1 10 20 5.3 +15.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 -28 4.3 +14.4
DSI iShares MSCI KLD 400 Social ETF 1.1 25 5 5.2 +15.3
ACVF American Conservative Values ETF 1.1 75 -45 4.5 +14.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 5 7.4 +17.5
EQWL Invesco S&P 100 Equal Weight ETF 1.1 25 5 6.2 +16.3
EQRR ProShares Equities for Rising Rates ETF 1.1 35 -5 8.0 +18.0
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 -18 4.8 +14.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -42 -1.2 +8.9
DGRO iShares Core Dividend Growth ETF 1.1 8 22 6.6 +16.7
IQSI IQ Candriam International Equity ETF 1.1 15 15 6.7 +16.7
FSST Fidelity Sustainable U.S. Equity ETF 1.1 59 -29 4.4 +14.4
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.0 79 -49 5.2 +15.3
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -45 5.4 +15.4
DURA VanEck Durable High Dividend ETF 1.0 29 1 8.5 +18.5
IEV iShares Europe ETF 1.0 67 -37 6.9 +17.0
ZAP Global X U.S. Electrification ETF 1.0 50 -20 4.7 +14.8
ETHO Etho Climate Leadership U.S. ETF 1.0 47 -17 5.5 +15.6
LRGF iShares U.S. Equity Factor ETF 1.0 8 22 5.8 +15.9
SHE SPDR MSCI USA Gender Diversity ETF 1.0 20 10 5.2 +15.3
BBEU JPMorgan BetaBuilders Europe ETF 1.0 9 21 7.2 +17.3
FJP First Trust Japan AlphaDEX Fund 1.0 80 -50 10.3 +20.4
JQUA JPMorgan U.S. Quality Factor ETF 1.0 12 18 6.0 +16.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.9 46 -16 6.8 +16.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.9 45 -15 4.9 +15.0
IQLT iShares MSCI Intl Quality Factor ETF 0.9 30 0 6.3 +16.4
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 15 7.6 +17.6
ILCV iShares Morningstar Value ETF 0.9 4 26 6.7 +16.7
FLEE Franklin FTSE Europe ETF 0.9 9 21 7.0 +17.1
FVD First Trust Value Line Dividend Index Fund 0.9 65 -35 6.1 +16.1
IEUR iShares Core MSCI Europe ETF 0.9 11 19 7.4 +17.5
JAVA JPMorgan Active Value ETF 0.9 44 -14 6.3 +16.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.9 9 21 5.6 +15.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.9 30 0 7.3 +17.3
SNPE Xtrackers S&P 500 ESG ETF 0.9 10 20 5.4 +15.4
DFVX Dimensional US Large Cap Vector ETF 0.9 22 8 6.6 +16.6
SPEU SPDR Portfolio Europe ETF 0.9 7 23 7.5 +17.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.9 35 -5 5.9 +15.9
FDMO Fidelity Momentum Factor ETF 0.8 15 15 4.1 +14.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.8 47 -17 5.8 +15.8
AIEQ AI Powered Equity ETF 0.8 75 -45 4.1 +14.2
THRO iShares U.S. Thematic Rotation Active ETF 0.8 90 -60 4.4 +14.4
VTV Vanguard Value ETF 0.8 4 26 6.9 +17.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.8 35 -5 4.6 +14.7
SHRY First Trust Bloomberg Shareholder Yield ETF 0.8 60 -30 7.9 +18.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.8 75 -45 6.0 +16.1
XLG Invesco S&P 500 Top 50 ETF 0.8 20 10 5.1 +15.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.8 22 8 5.8 +15.9
CZAR Themes Natural Monopoly ETF 0.8 35 -5 2.8 +12.9
FDLO Fidelity Low Volatility Factor ETF 0.8 15 15 5.4 +15.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.8 20 10 6.6 +16.7
STXI Strive International Developed Markets ETF 0.8 29 1 5.9 +16.0
OALC OneAscent Large Cap Core ETF 0.8 86 -56 4.6 +14.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.8 15 15 5.1 +15.1
IOO iShares Global 100 ETF 0.8 41 -11 5.4 +15.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.8 15 15 4.3 +14.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.7 21 9 4.3 +14.3
EFA iShares MSCI EAFE ETF 0.7 35 -5 7.0 +17.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.7 9 21 5.0 +15.1
MGC Vanguard Mega Cap ETF 0.7 7 23 5.1 +15.2
IWL iShares Russell Top 200 ETF 0.7 15 15 5.1 +15.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.7 36 -6 6.9 +17.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.7 9 21 4.4 +14.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.7 20 10 7.1 +17.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.7 20 10 7.4 +17.5
DGT SPDR Global Dow ETF 0.7 50 -20 7.5 +17.5
OEF iShares S&P 100 ETF 0.7 20 10 5.1 +15.1
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 21 5.0 +15.1
EVUS iShares ESG Aware MSCI USA Value ETF 0.6 18 12 6.0 +16.1
XVV iShares ESG Screened S&P 500 ETF 0.6 8 22 5.1 +15.2
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.6 52 -22 5.6 +15.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.6 58 -28 5.6 +15.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.6 8 22 5.3 +15.3
KLMN Invesco MSCI North America Climate ETF 0.6 9 21 5.3 +15.3
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 20 6.1 +16.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.6 80 -50 5.7 +15.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.6 20 10 5.3 +15.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.6 7 23 5.2 +15.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 71 -41 1.1 +11.1
STXG Strive 1000 Growth ETF 0.6 18 12 4.2 +14.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.6 9 21 4.7 +14.8
IEFA iShares Core MSCI EAFE ETF 0.6 7 23 7.4 +17.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 21 5.5 +15.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.6 29 1 5.1 +15.2
TOK iShares MSCI Kokusai ETF 0.6 26 4 5.2 +15.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.6 20 10 5.0 +15.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.6 0 30 5.3 +15.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.6 7 23 5.2 +15.3
BKIE BNY Mellon International Equity ETF 0.6 4 26 7.3 +17.4
URTH iShares MSCI World ETF 0.6 24 6 5.5 +15.6
IVV iShares Core S&P 500 ETF 0.6 3 27 5.3 +15.4
VOO Vanguard S&P 500 ETF 0.6 3 27 5.3 +15.4
VV Vanguard Large-Cap ETF 0.6 4 26 5.2 +15.3
VOTE TCW Transform 500 ETF 0.6 5 25 5.2 +15.3
SPLG SPDR Portfolio S&P 500 ETF 0.6 2 28 5.3 +15.4
SPY SPDR S&P 500 ETF Trust 0.6 9 21 5.2 +15.3
STRV Strive 500 ETF 0.6 5 25 5.2 +15.2
PBUS Invesco MSCI USA ETF 0.6 4 26 5.2 +15.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.6 2 28 5.3 +15.3
SCHF Schwab International Equity ETF 0.6 6 24 7.7 +17.8
ILCB iShares Morningstar U.S. Equity ETF 0.6 3 27 5.2 +15.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 19 5.4 +15.4
IUS Invesco RAFI Strategic US ETF 0.6 19 11 7.1 +17.1
FVAL Fidelity Value Factor ETF 0.6 15 15 7.3 +17.4
IDEV iShares Core MSCI International Developed Markets ETF 0.6 4 26 7.4 +17.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 10 6.6 +16.6
IWB iShares Russell 1000 ETF 0.6 15 15 5.2 +15.3
FQAL Fidelity Quality Factor ETF 0.6 15 15 5.9 +16.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 19 5.2 +15.3
VONE Vanguard Russell 1000 ETF 0.5 8 22 5.3 +15.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 27 5.5 +15.5
RVRB Reverb ETF 0.5 30 0 3.7 +13.8
DFUS Dimensional U.S. Equity ETF 0.5 9 21 5.3 +15.4
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 5 6.3 +16.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 10 -9.4 +0.7
DGRW WisdomTree US Quality Dividend Growth Fund 0.5 28 2 5.7 +15.8
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 10 3.7 +13.8
IYY iShares Dow Jones U.S. ETF 0.5 20 10 5.1 +15.2
IWV iShares Russell 3000 ETF 0.5 20 10 5.0 +15.1
VTHR Vanguard Russell 3000 ETF 0.5 10 20 5.2 +15.2
FTA First Trust Large Cap Value AlphaDEX Fund 0.5 59 -29 9.4 +19.5
VTI Vanguard Total Stock Market ETF 0.5 3 27 5.2 +15.2
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 0 8.2 +18.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 27 5.2 +15.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 5 7.2 +17.3
ACWI iShares MSCI ACWI ETF 0.5 32 -2 6.0 +16.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.5 75 -45 3.7 +13.8
TRFM AAM Transformers ETF 0.5 49 -19 1.9 +11.9
NIXT Research Affiliates Deletions ETF 0.5 9 21 3.8 +13.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.5 29 1 4.8 +14.9
CFA VictoryShares US 500 Volatility Wtd ETF 0.5 35 -5 6.1 +16.1
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.5 40 -10 6.0 +16.1
INEQ Columbia International Equity Income ETF 0.5 45 -15 8.7 +18.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.5 36 -6 5.1 +15.2
DFAU Dimensional US Core Equity Market ETF 0.5 12 18 5.5 +15.6
MADE iShares U.S. Manufacturing ETF 0.5 40 -10 5.8 +15.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 27 7.5 +17.6
JHMD John Hancock Multifactor Developed International ETF 0.5 39 -9 7.8 +17.9
TPIF Timothy Plan International ETF 0.5 62 -32 6.5 +16.6
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 17 3.4 +13.4
DXJ WisdomTree Japan Hedged Equity Fund 0.5 48 -18 8.4 +18.5
CLNR IQ Cleaner Transport ETF 0.5 45 -15 7.3 +17.3
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 -18 7.5 +17.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 5 7.5 +17.5
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.5 5 25 7.1 +17.2
DFAI Dimensional International Core Equity Market ETF 0.5 18 12 7.6 +17.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 -30 2.1 +12.2
EPS WisdomTree U.S. LargeCap Fund 0.5 8 22 6.1 +16.2
JHML John Hancock Multifactor Large Cap ETF 0.5 29 1 5.6 +15.7
PRF Invesco FTSE RAFI US 1000 ETF 0.5 39 -9 7.0 +17.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 -4 8.1 +18.2
DCOR Dimensional US Core Equity 1 ETF 0.5 14 16 5.8 +15.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 13 6.0 +16.1
OCEN IQ Clean Oceans ETF 0.5 45 -15 5.7 +15.8
FELV Fidelity Enhanced Large Cap Value ETF 0.5 18 12 6.8 +16.9
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -30 4.7 +14.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 5 5.9 +15.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 12 8.1 +18.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -11 7.1 +17.2
ESGU iShares ESG Aware MSCI USA ETF 0.4 15 15 5.1 +15.2
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 10 6.3 +16.4
VUG Vanguard Growth ETF 0.4 4 26 4.3 +14.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 21 6.1 +16.1
AVUS Avantis U.S. Equity ETF 0.4 15 15 6.3 +16.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 21 4.0 +14.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 -4 6.2 +16.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 5 10.1 +20.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 -10 7.5 +17.6
AVDE Avantis International Equity ETF 0.4 23 7 8.0 +18.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 21 6.1 +16.2
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 10 7.1 +17.2
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 23 8.3 +18.4
VT Vanguard Total World Stock ETF 0.4 7 23 6.3 +16.3
DWM WisdomTree International Equity Fund 0.4 48 -18 7.7 +17.8
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 -18 7.5 +17.6
SFY SoFi Select 500 ETF 0.4 0 30 4.8 +14.9
IWO iShares Russell 2000 Growth ETF 0.4 24 6 1.5 +11.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 -15 9.3 +19.4
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -15 7.0 +17.0
VTWG Vanguard Russell 2000 Growth ETF 0.4 15 15 1.5 +11.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -29 6.5 +16.5
VYM Vanguard High Dividend Yield Index ETF 0.4 6 24 7.3 +17.4
DIHP Dimensional International High Profitability ETF 0.4 29 1 7.4 +17.5
APUE ActivePassive U.S. Equity ETF 0.4 45 -15 4.9 +15.0
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 21 6.0 +16.0
BBJP JPMorgan BetaBuilders Japan ETF 0.4 19 11 7.6 +17.6
SIZE iShares MSCI USA Size Factor ETF 0.3 15 15 5.8 +15.9
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 18 7.2 +17.2
UIVM VictoryShares International Value Momentum ETF 0.3 35 -5 9.5 +19.5
STXV Strive 1000 Value ETF 0.3 18 12 7.5 +17.5
EWJ iShares MSCI Japan ETF 0.3 50 -20 7.1 +17.2
OPTZ Optimize Strategy Index ETF 0.3 50 -20 5.3 +15.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -45 5.2 +15.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -40 6.0 +16.1
EWJV iShares MSCI Japan Value ETF 0.3 15 15 9.8 +19.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 -17 7.1 +17.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 12 7.2 +17.3
DIM WisdomTree International MidCap Dividend Fund 0.3 58 -28 7.7 +17.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 -9 8.3 +18.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -32 2.5 +12.5
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 13 6.9 +17.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 18 4.5 +14.6
FLJP Franklin FTSE Japan ETF 0.3 9 21 7.0 +17.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 21 5.6 +15.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -37 10.1 +20.2
RWL Invesco S&P 500 Revenue ETF 0.3 39 -9 7.0 +17.1
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 26 6.8 +16.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 26 5.9 +16.0
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 21 6.7 +16.7
STXK Strive Small-Cap ETF 0.3 18 12 5.5 +15.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 18 6.2 +16.2
RSSL Global X Russell 2000 ETF 0.3 8 22 3.6 +13.7
RODE Hartford Multifactor Diversified International ETF 0.3 29 1 9.9 +19.9
VALQ American Century U.S. Quality Value ETF 0.3 29 1 7.6 +17.7
VBK Vanguard Small-Cap Growth ETF 0.3 7 23 1.7 +11.8
IWM iShares Russell 2000 ETF 0.3 19 11 3.6 +13.7
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 0 5.9 +16.0
VTWO Vanguard Russell 2000 ETF 0.3 10 20 3.8 +13.9
BFOR ALPS Barron's 400 ETF 0.3 65 -35 6.2 +16.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 1 8.2 +18.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 2 5.9 +16.0
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 15 5.7 +15.8
ILCG iShares Morningstar Growth ETF 0.2 4 26 4.1 +14.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -31 5.9 +15.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.2 50 -20 8.3 +18.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 -7 8.9 +19.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 18 4.8 +14.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -9 7.0 +17.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 24 2.7 +12.8
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 2 6.2 +16.3
DFIC Dimensional International Core Equity 2 ETF 0.2 23 7 7.9 +18.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 -5 1.9 +11.9
VGK Vanguard FTSE Europe ETF 0.2 11 19 7.5 +17.5
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 15 5.8 +15.9
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 -45 4.2 +14.2
DFIV Dimensional International Value ETF 0.2 27 3 10.4 +20.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.2 95 -65 0.7 +10.8
VEA Vanguard FTSE Developed Markets ETF 0.2 5 25 7.6 +17.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 10 6.8 +16.8
GLOF iShares Global Equity Factor ETF 0.2 20 10 6.8 +16.9
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 -12 4.1 +14.2
GSPY Gotham Enhanced 500 ETF 0.2 50 -20 5.5 +15.6
SCHA Schwab U.S. Small-Cap ETF 0.2 4 26 5.3 +15.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 -9 4.0 +14.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 6 6.4 +16.5
IPAC iShares Core MSCI Pacific ETF 0.2 9 21 7.1 +17.2
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 15 5.5 +15.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.2 80 -50 10.0 +20.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 0 8.6 +18.7
DIVB iShares Core Dividend ETF 0.2 5 25 7.7 +17.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 13 5.7 +15.7
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -30 10.9 +21.0
VPL Vanguard FTSE Pacific ETF 0.2 8 22 7.7 +17.7
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 15 6.2 +16.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 22 8.5 +18.5
INTF iShares International Equity Factor ETF 0.2 15 15 8.1 +18.2
QINT American Century Quality Diversified International ETF 0.2 39 -9 7.6 +17.7
VXUS Vanguard Total International Stock ETF 0.1 7 23 8.3 +18.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -12 5.4 +15.5
AVIV Avantis International Large Cap Value ETF 0.1 25 5 9.3 +19.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 26 5.6 +15.7
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 -35 4.0 +14.0
IWN iShares Russell 2000 Value ETF 0.1 24 6 5.8 +15.8
VTWV Vanguard Russell 2000 Value ETF 0.1 15 15 5.9 +16.0
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 5.3 +15.4
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 5 6.6 +16.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 21 8.2 +18.3
SCHX Schwab U.S. Large-Cap ETF 0.1 3 27 5.3 +15.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 5 7.4 +17.5
SCHK Schwab 1000 Index ETF 0.1 5 25 5.3 +15.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -34 2.4 +12.5
VIS Vanguard Industrials ETF 0.1 10 20 4.9 +15.0
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 22 4.9 +14.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 5 7.3 +17.3
VB Vanguard Small-Cap ETF 0.1 5 25 5.7 +15.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -9 6.3 +16.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 12 4.9 +15.0
SUSA iShares MSCI USA ESG Select ETF 0.1 25 5 5.0 +15.1
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 0 11.1 +21.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.1 65 -35 5.4 +15.4
SSPY Syntax Stratified LargeCap ETF 0.1 30 0 6.6 +16.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 16 5.2 +15.3
VXF Vanguard Extended Market ETF 0.1 6 24 4.5 +14.6
GWX SPDR S&P International Small Cap ETF 0.1 40 -10 6.7 +16.8
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 5 5.7 +15.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 1 6.4 +16.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 16 6.0 +16.1
EFV iShares MSCI EAFE Value ETF 0.1 34 -4 9.4 +19.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 18 5.1 +15.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 5 6.0 +16.1
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 24 8.4 +18.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 0 5.6 +15.7
VSGX Vanguard ESG International Stock ETF 0.1 12 18 8.2 +18.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 10 5.9 +15.9
VYMI Vanguard International High Dividend Yield ETF 0.0 22 8 10.0 +20.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 6 6.6 +16.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -40 7.8 +17.8
SCHC Schwab International Small-Cap Equity ETF 0.0 11 19 7.1 +17.2
ROUS Hartford Multifactor US Equity ETF 0.0 19 11 7.2 +17.3
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 12 5.6 +15.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 23 7.0 +17.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 10 5.5 +15.6
HKND Humankind US Stock ETF 0.0 11 19 7.5 +17.5
DFAS Dimensional U.S. Small Cap ETF 0.0 26 4 6.9 +17.0
VEGN US Vegan Climate ETF 0.0 60 -30 4.6 +14.7
DFIS Dimensional International Small Cap ETF 0.0 39 -9 7.9 +17.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 -19 7.3 +17.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 15 8.6 +18.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -29 13.7 +23.7
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 21 10.9 +21.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 -5 10.2 +20.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 -8 9.9 +20.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 -11 9.4 +19.4
AVSD Avantis Responsible International Equity ETF 0.0 23 7 6.8 +16.9

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  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:		 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 -19.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score -10.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.55
 
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.