Defiance Next Gen H2 ETF
ALTAR
Score™		 -6.7% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 -27.3x P/Sales
ratio		 4.5x
P/BV
ratio		 2.5x Div.
yield		 0.4%


  • 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) $37
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 22
Wgt avg mkt cap (mns) $10,910
Large cap (>$10bn) 8.7%
Mid cap ($2-10bn) 32.0%
Small cap (<$2bn) 54.5%
Developed mkts 87.4%
Emerging mkts 12.6%

TOP TEN HOLDINGS
PLUG POWER INC 7.9 %
NEL ASA 7.4 %
BALLARD POWER SYSTEMS INC 6.8 %
DOOSAN FUEL CELL CO., LTD. 6.8 %
BLOOM ENERGY CORPORATION CLASS A 6.6 %
FUELCELL ENERGY, INC. 6.2 %
BUMHAN FUEL CELL C 4.8 %
SFC ENERGY AG 4.7 %
AIR LIQUIDE SA 4.5 %
LINDE PLC 4.3 %
Total 60.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 25.9 %
BRITAIN 13.8 %
SOUTH KOREA 11.2 %
NORWAY 8.8 %
FRANCE 7.7 %
CANADA 6.8 %
GERMANY 4.7 %
SWEDEN 4.5 %
JAPAN 1.2 %


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.
10.6% -35.0% -- -- -39.4%

Market Correlations
versus... Beta R-squared
S&P500 1.77 54%
MSCI EAFE 1.77 48%
MSCI Emg. Mkts. 1.67 45%

Technical Indicators
Recent close $9.15
30d moving avg. $10.06
Annualized volatility 47.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 27

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.5%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $1,404

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 409 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™: -6.7%


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 59.5 50 -20 -6.9 -0.2
HJEN Direxion Hydrogen ETF 57.4 45 -15 -0.0 +6.7
BSEA ETFMG Breakwave Sea Decarbonization Tech ETF 21.8 75 -45 0.9 +7.6
CTEC Global X CleanTech ETF 12.7 50 -20 2.9 +9.6
MXI iShares Global Materials ETF 10.5 40 -10 8.3 +15.1
CNRG SPDR S&P Kensho Clean Power ETF 9.7 45 -15 2.9 +9.7
PBD Invesco Global Clean Energy ETF 8.8 75 -45 -1.3 +5.4
ENRG SoFi Smart Energy ETF 8.4 59 -29 -1.7 +5.0
XLB Materials Select Sector SPDR Fund 8.3 10 20 7.1 +13.8
IYM iShares U.S. Basic Materials ETF 8.3 39 -9 8.2 +15.0
VAW Vanguard Materials Index Fund 8.3 10 20 7.8 +14.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 7.9 39 -9 -1.2 +5.5
FRNW Fidelity Clean Energy ETF 7.1 39 -9 2.0 +8.7
RTM Invesco S&P 500 Equal Weight Materials ETF 6.9 40 -10 9.1 +15.8
BNE Blue Horizon BNE ETF 6.8 87 -57 5.2 +12.0
ICLN iShares Global Clean Energy ETF 5.7 40 -10 3.6 +10.3
PBW Invesco WilderHill Clean Energy ETF 5.5 61 -31 -7.9 -1.2
JZRO Janus Henderson Net Zero Transition Resources ETF 5.0 60 -30 7.7 +14.4
VCLN Virtus Duff & Phelps Clean Energy ETF 4.7 59 -29 4.0 +10.7
RNEW VanEck Green Infrastructure ETF 4.7 45 -15 1.1 +7.8
ACES ALPS Clean Energy ETF 4.6 55 -25 -2.4 +4.3
EWQ iShares MSCI France ETF 4.5 50 -20 7.2 +13.9
FLFR Franklin FTSE France ETF 4.5 9 21 7.5 +14.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.2 58 -28 -0.2 +6.5
BKCI BNY Mellon Concentrated International ETF 4.2 80 -50 4.5 +11.2
FMAT Fidelity MSCI Materials Index ETF 4.1 84 -54 7.1 +13.8
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 3.8 75 -45 6.7 +13.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.3 45 -15 3.2 +10.0
PYZ Invesco DWA Basic Materials Momentum ETF 3.1 60 -30 9.2 +15.9
HAIL SPDR S&P Kensho Smart Mobility ETF 3.0 45 -15 -5.4 +1.3
LEAD Siren DIVCON Leaders Dividend ETF 2.7 43 -13 7.1 +13.8
FEZ SPDR EURO STOXX 50 ETF 2.6 29 1 13.6 +20.3
LVHD Legg Mason Low Volatility High Dividend ETF 2.3 27 3 8.4 +15.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.3 45 -15 0.1 +6.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.3 70 -40 3.2 +9.9
LGLV SPDR Russell 1000 Low Volatility ETF 2.2 12 18 6.2 +12.9
AILG Alpha Intelligent - Large Cap Growth ETF 2.1 85 -55 4.5 +11.3
AHOY Newday Ocean Health ETF 2.1 75 -45 6.7 +13.4
SMOG VanEck Low Carbon Energy ETF 2.0 55 -25 3.4 +10.1
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.0 69 -39 8.2 +15.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.9 32 -2 7.1 +13.8
VIG Vanguard Dividend Appreciation Index Fund 1.9 6 24 7.1 +13.8
ADME Aptus Drawdown Managed Equity ETF 1.9 79 -49 6.0 +12.7
HVAL ALPS Hillman Active Value ETF 1.9 55 -25 8.2 +14.9
MVPS Amplify Thematic All-Stars ETF 1.9 49 -19 2.1 +8.9
FTCS First Trust Capital Strength ETF 1.9 55 -25 7.6 +14.3
SPHQ Invesco S&P 500 Quality ETF 1.8 15 15 7.0 +13.7
VYM Vanguard High Dividend Yield Index ETF 1.7 6 24 8.8 +15.5
EZU iShares MSCI Eurozone ETF 1.7 50 -20 7.4 +14.1
NZRO Strategy Shares Halt Climate Change ETF 1.7 95 -65 2.0 +8.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.6 60 -30 6.2 +13.0
IWX iShares Russell Top 200 Value ETF 1.6 20 10 8.0 +14.7
KOMP SPDR Kensho New Economies Composite ETF 1.6 20 10 -1.3 +5.4
KVLE KFA Value Liner Dynamic Core Equity Index ETF 1.6 55 -25 7.3 +14.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.6 47 -17 7.5 +14.2
ERTH Invesco MSCI Sustainable Future ETF 1.5 56 -26 4.4 +11.1
TMDV ProShares Russell US Dividend Growers ETF 1.5 36 -6 6.6 +13.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.5 45 -15 4.8 +11.5
DRIV Global X Autonomous & Electric Vehicles ETF 1.5 68 -38 5.0 +11.7
ENOR iShares MSCI Norway ETF 1.5 53 -23 7.2 +13.9
JIG JPMorgan International Growth ETF 1.5 55 -25 5.2 +11.9
NORW Global X MSCI Norway ETF 1.5 50 -20 7.1 +13.8
USXF iShares ESG Advanced MSCI USA ETF 1.4 10 20 6.4 +13.1
HLAL Wahed FTSE USA Shariah ETF 1.4 50 -20 6.4 +13.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 -5 6.9 +13.6
XT iShares Exponential Technologies ETF 1.3 46 -16 3.8 +10.5
HEDJ WisdomTree Europe Hedged Equity Fund 1.3 58 -28 9.7 +16.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.3 58 -28 6.5 +13.2
SDY SPDR S&P Dividend ETF 1.2 35 -5 7.4 +14.2
DSI iShares MSCI KLD 400 Social ETF 1.2 25 5 6.7 +13.4
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 6 7.8 +14.5
GSFP Goldman Sachs Future Planet Equity ETF 1.2 75 -45 4.0 +10.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 1.2 49 -19 6.3 +13.0
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 -35 5.3 +12.0
EFG iShares MSCI EAFE Growth ETF 1.2 35 -5 5.2 +12.0
DWCR Arrow DWA Country Rotation ETF 1.2 111 -81 6.3 +13.0
MGK Vanguard Mega Cap Growth ETF 1.1 7 23 5.6 +12.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.1 29 1 10.6 +17.3
IWD iShares Russell 1000 Value ETF 1.1 18 12 8.0 +14.7
VONV Vanguard Russell 1000 Value Index Fund 1.1 8 22 8.1 +14.8
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.1 20 10 8.0 +14.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.1 14 16 7.3 +14.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.1 15 15 7.7 +14.5
EVUS iShares ESG Aware MSCI USA Value ETF 1.1 18 12 8.4 +15.1
NUMG Nuveen ESG Mid-Cap Growth ETF 1.1 30 0 5.4 +12.2
DMXF iShares ESG Advanced MSCI EAFE ETF 1.0 12 18 6.6 +13.3
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 1.0 35 -5 3.5 +10.2
SUSL iShares ESG MSCI USA Leaders ETF 1.0 10 20 6.8 +13.5
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 1.0 39 -9 6.8 +13.5
EQWL Invesco Russell Top 200 Equal Weight ETF 1.0 25 5 7.7 +14.5
VUG Vanguard Growth Index Fund 1.0 4 26 5.5 +12.2
PEXL Pacer US Export Leaders ETF 1.0 60 -30 7.3 +14.0
PID Invesco International Dividend Achievers ETF 1.0 56 -26 8.3 +15.1
CLNR IQ Cleaner Transport ETF 1.0 45 -15 7.2 +13.9
BATT Amplify Lithium & Battery Technology ETF 1.0 59 -29 4.9 +11.6
VSDA VictoryShares Dividend Accelerator ETF 1.0 35 -5 7.2 +13.9
DEF Invesco Defensive Equity ETF 1.0 55 -25 6.8 +13.5
XLG Invesco S&P 500 Top 50 ETF 0.9 20 10 6.2 +12.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.9 12 18 7.3 +14.0
VFMO Vanguard U.S. Momentum Factor ETF 0.9 13 17 4.4 +11.2
VOOG Vanguard S&P 500 Growth ETF 0.9 10 20 7.0 +13.7
IVW iShares S&P 500 Growth ETF 0.9 18 12 6.9 +13.6
FLLV Franklin Liberty U.S. Low Volatility ETF 0.9 29 1 6.6 +13.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.9 4 26 7.0 +13.8
DURA VanEck Morningstar Durable Dividend ETF 0.9 29 1 9.2 +15.9
DGRO iShares Core Dividend Growth ETF 0.9 8 22 8.0 +14.7
IEV iShares Europe ETF 0.9 58 -28 7.4 +14.1
FXN First Trust Energy AlphaDEX Fund 0.9 64 -34 6.5 +13.2
IUSG iShares Core S&P US Growth ETF 0.9 4 26 7.0 +13.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.9 46 -16 7.7 +14.5
BBEU JPMorgan BetaBuilders Europe ETF 0.9 9 21 8.0 +14.7
JEPI JPMorgan Equity Premium Income ETF 0.8 35 -5 6.4 +13.1
FLEH Franklin FTSE Europe Hedged ETF 0.8 9 21 8.2 +14.9
IWL iShares Russell Top 200 ETF 0.8 15 15 6.5 +13.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.8 34 -4 11.2 +17.9
BUZZ VanEck Social Sentiment ETF 0.8 75 -45 1.5 +8.2
FLEE Franklin FTSE Europe ETF 0.8 9 21 8.0 +14.7
SPMO Invesco S&P 500 Momentum ETF 0.8 13 17 7.8 +14.5
DGT SPDR Global Dow ETF 0.8 50 -20 8.4 +15.1
IEUR iShares Core MSCI Europe ETF 0.8 9 21 7.7 +14.4
MGC Vanguard Mega Cap Index Fund 0.8 7 23 6.5 +13.2
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 -29 6.7 +13.4
DFUV Dimensional US Marketwide Value ETF 0.8 23 7 9.5 +16.2
IQSI IQ Candriam ESG International Equity ETF 0.8 15 15 7.8 +14.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 0.8 20 10 6.6 +13.3
SPEU SPDR Portfolio Europe ETF 0.8 9 21 7.6 +14.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.8 11 19 7.1 +13.9
JAVA JPMorgan Active Value ETF 0.8 44 -14 7.2 +13.9
OEF iShares S&P 100 ETF 0.8 20 10 6.5 +13.3
XVV iShares ESG Screened S&P 500 ETF 0.8 8 22 6.7 +13.4
ESGV Vanguard ESG U.S. Stock ETF 0.8 9 21 6.5 +13.3
FXZ First Trust Materials AlphaDEX Fund 0.7 64 -34 12.7 +19.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.7 20 10 6.6 +13.3
ILCV iShares Morningstar Value ETF 0.7 4 26 8.4 +15.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.7 35 -5 7.8 +14.5
VV Vanguard Large-Cap Index Fund 0.7 4 26 6.7 +13.4
VOO VANGUARD S&P 500 ETF 0.7 3 27 6.9 +13.6
SPY SPDR S&P 500 ETF Trust 0.7 9 21 6.8 +13.5
IVV iShares Core S&P 500 ETF 0.7 3 27 6.9 +13.6
CATH Global X S&P 500 Catholic Values Custom ETF 0.7 29 1 6.5 +13.3
SPLG SPDR Portfolio S&P 500 ETF 0.7 3 27 6.9 +13.6
STRV Strive 500 ETF 0.7 5 25 6.6 +13.4
PBUS Invesco PureBeta MSCI USA ETF 0.7 4 26 6.8 +13.5
DFUS Dimensional U.S. Equity ETF 0.7 11 19 6.7 +13.5
TOK iShares MSCI Kokusai ETF 0.7 25 5 7.0 +13.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.7 20 10 7.2 +14.0
ILCB iShares Morningstar U.S. Equity ETF 0.7 3 27 6.8 +13.5
SHE SPDR SSGA Gender Diversity Index ETF 0.7 20 10 6.9 +13.6
IUS Invesco Strategic US ETF 0.6 19 11 8.1 +14.8
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 -50 9.5 +16.3
IWB iShares Russell 1000 ETF 0.6 15 15 6.6 +13.3
VONE Vanguard Russell 1000 ETF 0.6 8 22 6.7 +13.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.6 20 10 7.4 +14.1
IYY iShares Dow Jones U.S. ETF 0.6 20 10 6.5 +13.3
SPTM SPDR Portfolio Total Stock Market ETF 0.6 3 27 7.0 +13.7
URTH iShares MSCI World ETF 0.6 24 6 7.1 +13.8
ILCG iShares Morningstar Growth ETF 0.6 4 26 5.5 +12.2
IWV iShares Russell 3000 ETF 0.6 20 10 6.4 +13.1
VTI Vanguard Total Stock Market Index Fund 0.6 3 27 6.5 +13.2
VTHR Vanguard Russell 3000 Index Fund 0.6 10 20 6.5 +13.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 27 6.5 +13.2
RNDM First Trust Developed International Equity Select ETF 0.6 65 -35 7.1 +13.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.6 7 23 8.0 +14.7
EFA iShares MSCI EAFE ETF 0.6 32 -2 7.7 +14.4
RVRB Reverb ETF 0.6 30 0 6.7 +13.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.6 35 -5 7.8 +14.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.6 20 10 7.9 +14.6
FVD First Trust Value Line Dividend Index Fund 0.6 67 -37 6.9 +13.6
BKIE BNY Mellon International Equity ETF 0.6 4 26 8.4 +15.1
NUMV Nuveen ESG Mid-Cap Value ETF 0.6 30 0 10.4 +17.2
ACWI iShares MSCI ACWI ETF 0.6 32 -2 7.2 +13.9
JIDA JPMorgan ActiveBuilders International Equity ETF 0.6 25 5 7.6 +14.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 5 8.2 +14.9
WWJD Inspire International ESG ETF 0.6 69 -39 7.6 +14.4
KLDW Gavekal Knowledge Leaders Developed World ETF 0.5 75 -45 5.3 +12.0
GLIF AGFiQ Global Infrastructure ETF 0.5 45 -15 6.2 +12.9
RDMX SPDR Bloomberg SASB Developed Markets EX US ESG Select ETF 0.5 12 18 7.6 +14.3
IEFA iShares Core MSCI EAFE ETF 0.5 7 23 7.7 +14.4
RYJ Invesco Raymond James SB-1 Equity ETF 0.5 81 -51 5.9 +12.6
TRFM AAM Transformers ETF 0.5 49 -19 2.0 +8.7
DFAU Dimensional US Core Equity Market ETF 0.5 12 18 6.9 +13.6
WKLY SoFi Weekly Dividend ETF 0.5 49 -19 9.4 +16.1
BLES Inspire Global Hope Large Cap ETF 0.5 49 -19 7.2 +13.9
HFXI IQ 50 Percent Hedged FTSE International ETF 0.5 20 10 8.1 +14.8
PRF Invesco FTSE RAFI US 1000 ETF 0.5 39 -9 8.3 +15.0
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 21 7.3 +14.0
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 18 8.8 +15.5
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 26 7.8 +14.5
SCHF Schwab International Equity ETF 0.5 6 24 8.2 +14.9
SUSA iShares MSCI USA ESG Select ETF 0.5 25 5 6.5 +13.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 63 -33 5.3 +12.0
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 0 8.1 +14.8
MGV Vanguard Mega Cap Value ETF 0.4 7 23 8.4 +15.1
ESGU iShares MSCI USA ESG Optimized ETF 0.4 15 15 6.7 +13.4
STXD Strive 1000 Dividend Growth ETF 0.4 35 -5 6.8 +13.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.4 28 2 7.2 +13.9
VOOV Vanguard S&P 500 Value ETF 0.4 10 20 7.3 +14.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 21 7.0 +13.7
IVE iShares S&P 500 Value ETF 0.4 18 12 7.2 +13.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 26 7.3 +14.0
SIZE iShares MSCI USA Size Factor ETF 0.4 15 15 7.2 +13.9
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.4 17 13 6.9 +13.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 4 26 7.6 +14.3
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 0.4 69 -39 10.3 +17.0
VT Vanguard Total World Stock ETF 0.4 7 23 7.3 +14.0
LRGF iShares Edge MSCI Multifactor USA ETF 0.4 8 22 7.9 +14.6
USMV iShares Edge MSCI Min Vol USA ETF 0.4 15 15 6.8 +13.6
IUSV iShares Core S&P U.S. Value ETF 0.4 4 26 7.5 +14.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -29 8.3 +15.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.4 80 -50 6.1 +12.9
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 10 7.4 +14.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 -2 8.1 +14.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 12 7.9 +14.6
ETHO Etho Climate Leadership U.S. ETF 0.4 47 -17 5.3 +12.0
IYE iShares U.S. Energy ETF 0.4 39 -9 8.0 +14.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -11 8.2 +14.9
IQIN IQ 500 International ETF 0.4 25 5 8.7 +15.4
FDRR Fidelity Dividend ETF for Rising Rates 0.4 29 1 9.8 +16.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 19 11 7.5 +14.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -45 6.4 +13.1
QEFA SPDR MSCI EAFE Quality Mix ETF 0.4 30 0 7.8 +14.5
VTV Vanguard Value Index Fund 0.4 4 26 8.6 +15.3
QLV FlexShares US Quality Low Volatility Index Fund 0.4 22 8 6.7 +13.4
TPIF Timothy Plan International ETF 0.4 62 -32 7.4 +14.2
PFM Invesco Dividend Achievers ETF 0.4 53 -23 7.0 +13.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 70 -40 3.9 +10.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 21 7.1 +13.9
IWO iShares Russell 2000 Growth ETF 0.4 23 7 3.1 +9.8
VTWG Vanguard Russell 2000 Growth Index Fund 0.4 15 15 3.2 +9.9
IXUS ishares Core MSCI Total International Stock ETF 0.4 7 23 8.0 +14.7
ESGD iShares MSCI EAFE ESG Optimized ETF 0.3 20 10 7.5 +14.2
IEUS iShares MSCI Europe Small-Cap ETF 0.3 40 -10 6.3 +13.0
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 -18 9.6 +16.3
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 26 8.1 +14.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -15 9.2 +15.9
FDMO Fidelity Momentum Factor ETF 0.3 29 1 6.7 +13.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 5 7.8 +14.5
FDLO Fidelity Low Volatility Factor ETF 0.3 29 1 6.5 +13.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -40 6.6 +13.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 10 7.5 +14.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 21 7.2 +13.9
AVDE Avantis International Equity ETF 0.3 23 7 9.3 +16.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 -9 8.6 +15.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 5 9.6 +16.3
RWL Invesco S&P 500 Revenue ETF 0.3 39 -9 7.9 +14.6
FIDU Fidelity MSCI Industrials Index ETF 0.3 8 22 6.4 +13.1
VIS Vanguard Industrials Index Fund 0.3 10 20 6.1 +12.8
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 15 7.2 +14.0
JHMD John Hancock Multifactor Developed International ETF 0.3 39 -9 8.6 +15.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 24 2.3 +9.0
STXG Strive 1000 Growth ETF 0.3 18 12 5.8 +12.5
ISZE iShares Edge MSCI Intl Size Factor ETF 0.3 30 0 7.4 +14.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 5 8.9 +15.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 27 3 7.1 +13.8
VDNI V-Shares US Leadership Diversity ETF 0.3 29 1 6.8 +13.6
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 -29 7.9 +14.6
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 20 6.9 +13.6
BFOR Barron's 400 ETF 0.2 65 -35 10.7 +17.4
IQSU IQ Candriam ESG US Equity ETF 0.2 9 21 6.3 +13.0
OCEN IQ Clean Oceans ETF 0.2 45 -15 6.8 +13.5
VOT Vanguard Mid-Cap Growth Index Fund 0.2 7 23 5.5 +12.2
IWY iShares Russell Top 200 Growth ETF 0.2 20 10 6.3 +13.0
VGK Vanguard FTSE Europe ETF 0.2 8 22 7.8 +14.6
CIL VictoryShares International Volatility Weighted Index ETF 0.2 45 -15 7.9 +14.7
DWM WisdomTree International Equity Fund 0.2 48 -18 9.4 +16.1
NULV Nuveen ESG Large-Cap Value ETF 0.2 25 5 8.6 +15.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -10 9.6 +16.3
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 23 1.8 +8.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 -12 7.1 +13.8
GSPY Gotham Enhanced 500 ETF 0.2 50 -20 7.1 +13.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.2 35 -5 7.7 +14.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 -5 7.7 +14.4
SFYX Sofi Next 500 ETF 0.2 0 30 7.3 +14.0
ACVF American Conservative Values ETF 0.2 75 -45 5.9 +12.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 30 6.6 +13.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 27 3 6.5 +13.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 27 3 6.3 +13.0
SCHC Schwab International Small-Cap Equity ETF 0.2 11 19 6.6 +13.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 10 6.6 +13.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 2 7.9 +14.6
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 22 6.3 +13.0
IWF iShares Russell 1000 Growth ETF 0.2 18 12 6.1 +12.9
AVUS Avantis U.S. Equity ETF 0.2 15 15 7.8 +14.6
IWM iShares Russell 2000 ETF 0.2 19 11 4.9 +11.6
VTWO Vanguard Russell 2000 Index Fund 0.2 10 20 4.9 +11.6
JHML John Hancock Multifactor Large Cap ETF 0.2 29 1 7.1 +13.9
STXK Strive Small-Cap ETF 0.2 18 12 6.4 +13.1
ROUS Hartford Multifactor US Equity ETF 0.2 19 11 8.7 +15.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 27 3 6.5 +13.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 28 6.7 +13.4
SCHK Schwab 1000 Index ETF 0.2 5 25 6.7 +13.4
SCHX Schwab U.S. Large-Cap ETF 0.2 3 27 6.7 +13.4
DFIC Dimensional International Core Equity 2 ETF 0.2 23 7 8.4 +15.1
DTD WisdomTree U.S.Total Dividend Fund 0.2 28 2 8.3 +15.0
SCHB Schwab U.S. Broad Market ETF 0.2 3 27 6.6 +13.3
VXF Vanguard Extended Market Index Fund 0.2 6 24 4.5 +11.2
VOTE Engine No. 1 Transform 500 ETF 0.2 5 25 6.5 +13.2
DIVB iShares Core Dividend 0.2 5 25 9.5 +16.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 23 6.7 +13.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 19 6.7 +13.4
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 26 7.0 +13.7
SDG iShares Sustainable MSCI Global Impact ETF 0.2 49 -19 7.2 +13.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 10 9.3 +16.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 39 -9 6.5 +13.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 23 6.9 +13.6
VEA Vanguard FTSE Developed Markets ETF 0.2 5 25 8.0 +14.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 24 5.5 +12.2
PXUS Principal International Adaptive Multi-Factor ETF 0.2 24 6 7.7 +14.4
SCHA Schwab U.S. Small-Cap ETF 0.1 4 26 6.0 +12.7
ISCB iShares Morningstar Small-Cap ETF 0.1 4 26 5.6 +12.4
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 3 8.0 +14.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 26 6.5 +13.3
RODE Hartford Multifactor Diversified International ETF 0.1 29 1 13.6 +20.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.1 17 13 5.9 +12.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.1 25 5 7.4 +14.1
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 -18 12.1 +18.8
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.1 20 10 7.2 +13.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 0 7.6 +14.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 7 23 8.3 +15.0
SFY SoFi Select 500 ETF 0.1 0 30 6.9 +13.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 5 8.3 +15.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 31 -1 8.9 +15.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -31 9.3 +16.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 13 8.7 +15.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 68 -38 7.2 +13.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 23 6.2 +12.9
JPXN iShares JPX-Nikkei 400 ETF 0.1 48 -18 8.9 +15.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.1 25 5 8.2 +15.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.1 6 24 5.9 +12.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 20 6.3 +13.0
SMMD iShares Russell 2500 ETF 0.1 15 15 6.8 +13.5
NULG Nuveen ESG Large-Cap Growth ETF 0.1 25 5 5.3 +12.1
HAP VanEck Natural Resources ETF 0.1 49 -19 9.4 +16.1
VO Vanguard Mid-Cap Index Fund 0.1 4 26 7.3 +14.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.1 24 6 8.9 +15.6
BBJP JPMorgan BetaBuilders Japan ETF 0.1 19 11 8.3 +15.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 15 6.6 +13.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 21 7.4 +14.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -9 7.2 +14.0
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 22 8.3 +15.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.1 46 -16 8.5 +15.2
TEMP JPMorgan Climate Change Solutions ETF 0.1 49 -19 4.6 +11.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 12 6.6 +13.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 1 10.1 +16.8
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -28 9.8 +16.5
JPIN JPMorgan Diversified Return International Equity ETF 0.1 37 -7 9.5 +16.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 16 6.6 +13.3
EWJ iShares MSCI Japan ETF 0.1 50 -20 8.2 +14.9
VB Vanguard Small-Cap ETF 0.1 5 25 6.4 +13.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 21 5.1 +11.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -45 7.7 +14.4
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -19 8.0 +14.7
GWX SPDR S&P International Small Cap ETF 0.1 40 -10 6.1 +12.8
JHMM John Hancock Multifactor Mid Cap ETF 0.1 41 -11 8.3 +15.0
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 7 5.6 +12.4
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 26 7.4 +14.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 20 6.3 +13.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 26 7.4 +14.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.1 25 5 9.0 +15.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 11 7.9 +14.6
FLJP Franklin FTSE Japan ETF 0.1 9 21 8.3 +15.0
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 21 8.6 +15.4
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 15 15 5.5 +12.3
VXUS Vanguard Total International Stock ETF 0.1 7 23 8.1 +14.9
RNDV US Equity Dividend Select ETF 0.1 50 -20 10.0 +16.7
RNLC Large Cap US Equity Select ETF 0.1 60 -30 7.7 +14.4
SQEW LeaderShares Equity Skew ETF 0.1 75 -45 6.5 +13.2
IWR iShares Russell Midcap ETF 0.1 18 12 6.9 +13.6
IGRO iShares International Dividend Growth ETF 0.1 15 15 9.4 +16.1
YPS Arrow Reverse Cap 500 ETF 0.1 29 1 7.1 +13.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 1 8.8 +15.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.1 45 -15 7.9 +14.6
HKND Humankind US Stock ETF 0.1 11 19 8.4 +15.2
IPAC iShares Core MSCI Pacific ETF 0.1 9 21 7.6 +14.3
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -59 6.7 +13.4
VEGN US Vegan Climate ETF 0.1 60 -30 6.2 +12.9
IWS iShares Russell Mid-Cap Value ETF 0.1 23 7 7.9 +14.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 -9 5.8 +12.5
SSPY Syntax Stratified LargeCap ETF 0.0 30 0 7.7 +14.4
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 1 8.9 +15.6
VPL Vanguard FTSE Pacific ETF 0.0 8 22 7.9 +14.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 9 4.7 +11.5
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.0 15 15 6.6 +13.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 10 8.5 +15.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.0 30 0 8.5 +15.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 40 -10 5.2 +11.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 -19 6.2 +13.0
DFIS Dimensional International Small Cap ETF 0.0 39 -9 6.4 +13.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.0 10 20 6.8 +13.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 18 6.7 +13.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 10 7.2 +13.9
IWN iShares Russell 2000 Value ETF 0.0 23 7 6.7 +13.5
VTWV Vanguard Russell 2000 Value Index Fund 0.0 15 15 6.7 +13.4
DIHP Dimensional International High Profitability ETF 0.0 29 1 9.0 +15.7
VSGX Vanguard ESG International Stock ETF 0.0 12 18 7.8 +14.6
INTF iShares Edge MSCI Multifactor Intl ETF 0.0 15 15 9.1 +15.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 15 9.3 +16.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -6 8.6 +15.3
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 21 8.7 +15.4
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 5 5.6 +12.3
IWC iShares Micro-Cap ETF 0.0 60 -30 -4.6 +2.1
DFAS Dimensional U.S. Small Cap ETF 0.0 28 2 7.5 +14.2
GVLU Gotham 1000 Value ETF 0.0 50 -20 12.1 +18.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -29 11.8 +18.5
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 -5 9.4 +16.1
AVEM Avantis Emerging Markets Equity ETF 0.0 33 -3 10.6 +17.3
STXV Strive 1000 Value ETF 0.0 18 12 9.3 +16.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 39 -9 10.1 +16.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 29 1 10.1 +16.8

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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 -16.5 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 30 bp
Equals: ALTAR Score -6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.48
 
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.