Renaissance IPO ETF
ALTAR
Score™
0.0% info Recommen-
dation
AVOID
2021E    2022E
P/E
ratio
-493.3x P/Sales
ratio
7.3x
P/BV
ratio
-88.4x Div.
yield
0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Renaissance IPO ETF is an exchange-traded fund incorporated in the USA. The ETF provides investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The ETF tracks the rules-based Renaissance IPO Index designed by leading IPO research firm Renaissance Capital.

FUND BASICS
Category US Equities
Fund Sponsor Renaissance Capital LLC
Website www.renaissancecapital.com
Inception date Oct 16, 2013
Assets (mns) $573
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $25,328
Large cap (>$10bn) 61.0%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.0%
Developed mkts 85.2%
Emerging mkts 14.8%

TOP TEN HOLDINGS
SNOWFLAKE, INC. CLASS A 10.9 %
PALANTIR TECHNOLOGIES INC. CLASS A 6.6 %
PELOTON INTERACTIVE, INC. CLASS A 6.0 %
CLOUDFLARE INC CLASS A 5.5 %
DOORDASH, INC. CLASS A 4.9 %
COINBASE GLOBAL, INC. CLASS A 4.8 %
DATADOG INC CLASS A 4.7 %
AIRBNB, INC. CLASS A 4.1 %
XPENG, INC. ADR SPONSORED CLASS A 3.3 %
ROBLOX CORP. CLASS A 3.0 %
Total 53.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.3 %
CHINA 9.6 %
CANADA 1.7 %
BRAZIL 1.5 %
SOUTH KOREA 0.9 %
CYPRUS 0.4 %
SWEDEN 0.3 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.7% 63.7% 28.5% -- 17.4%

Market Correlations
versus... Beta R-squared
S&P500 1.28 56%
MSCI EAFE 1.28 55%
MSCI Emg. Mkts. 1.06 45%

Technical Indicators
Recent close $62.93
30d moving avg. $63.96
Annualized volatility 31.6%
Short interest (ETF) 7.4%
Short interest (Underlying) 6.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 279
Turnover 3.1%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $15,525

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 468 potential alternatives to the Renaissance IPO ETF ETF based on the alternatives' overlap in portfolio holdings with IPO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPO Expense: 60 bp ALTAR Score™: 0.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPO
Ticker Fund
Name
Overlap1
vs IPO
(%)
Expense
ratio
(bp)
Savings
vs IPO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPO
(%)
FPX First Trust US IPO Index Fund 14.7 57 3 0.9 +0.9
ARKW ARK Web x.0 ETF 14.6 79 -19 -1.1 -1.1
XDAT Franklin Exponential Data ETF 12.0 50 10 1.7 +1.7
ARKK ARK Innovation ETF 11.6 75 -15 -1.4 -1.4
ENTR Entrepreneur 30 Fund 11.4 49 11 -0.9 -0.9
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.6 68 -8 -0.7 -0.7
META Roundhill Ball Metaverse ETF 10.5 75 -15 2.5 +2.5
WCBR WisdomTree Cybersecurity Fund 10.2 45 15 0.9 +0.9
WCLD WisdomTree Cloud Computing Fund 9.9 45 15 -1.1 -1.1
ALFA AlphaClone Alternative Alpha ETF 9.4 65 -5 1.0 +1.0
FINX Global X FinTech Thematic ETF 9.4 68 -8 2.5 +2.5
IVES Wedbush ETFMG Global Cloud Technology ETF 9.3 68 -8 1.9 +1.9
IBUY Amplify Online Retail ETF 9.2 65 -5 -1.2 -1.2
PGJ Invesco Golden Dragon China ETF 9.2 70 -10 5.0 +5.0
OGIG O'Shares Global Internet Giants ETF 8.8 48 12 1.1 +1.1
BFTR Future Innovators ETF 8.3 80 -20 -1.2 -1.2
FFTY Innovator IBD 50 ETF 7.6 80 -20 5.8 +5.8
QQQN VictoryShares Nasdaq Next 50 ETF 7.4 18 42 2.1 +2.1
BOSS Global X Founder-Run Companies ETF 7.3 45 15 2.5 +2.5
SFYX Sofi Next 500 ETF 7.2 0 60 4.5 +4.5
PTF Invesco DWA Technology Momentum ETF 7.0 60 0 1.0 +1.0
SLT Pacer Salt High truBeta US Market ETF 6.8 60 0 2.6 +2.6
BUZZ VanEck Vectors Social Sentiment ETF 6.8 75 -15 3.1 +3.1
KGRN KraneShares MSCI China Environment Index ETF 6.3 80 -20 6.5 +6.5
IWFH iShares Virtual Work and Life Multisector ETF 6.3 47 13 0.5 +0.5
XITK SPDR FactSet Innovative Technology ETF 6.3 45 15 0.2 +0.2
BUYZ Franklin Disruptive Commerce ETF 6.3 50 10 -0.2 -0.2
SFYF SoFi 50 ETF 6.2 29 31 -1.3 -1.3
MMLG First Trust Multi-Manager Large Growth ETF 5.9 85 -25 1.5 +1.5
ESPO VanEck Vectors Video Gaming & eSports ETF 5.9 55 5 3.3 +3.3
XWEB SPDR S&P Internet ETF 5.8 35 25 -0.6 -0.6
ARKF ARK Fintech Innovation ETF 5.7 75 -15 0.2 +0.2
GIGE SoFi Gig Economy ETF 5.6 59 1 -0.8 -0.8
PLAT WisdomTree Modern Tech Platforms Fund 5.5 20 40 1.3 +1.3
SMOG VanEck Vectors Low Carbon Energy ETF 5.5 62 -2 3.3 +3.3
IWP iShares Russell Mid-Cap Growth ETF 5.5 24 36 2.8 +2.8
LIV Emles (a)Home ETF 5.4 49 11 2.4 +2.4
XSW SPDR S&P Software & Services ETF 5.1 35 25 2.8 +2.8
FNI First Trust Chindia ETF 5.1 60 0 2.6 +2.6
BTEK BlackRock Future Tech ETF 5.0 88 -28 -0.1 -0.1
BTEC Principal Healthcare Innovators Index ETF 4.9 42 18 -2.3 -2.3
BITQ Bitwise Crypto Industry Innovators ETF 4.8 85 -25 -0.8 -0.8
DAPP VanEck Vectors Digital Transformation ETF 4.8 65 -5 -1.8 -1.8
FXL First Trust Technology AlphaDEX Fund 4.8 61 -1 4.3 +4.3
ONLN ProShares Online Retail ETF 4.7 58 2 1.0 +1.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.6 86 -26 2.8 +2.8
WUGI Esoterica NextG Economy ETF 4.6 75 -15 0.7 +0.7
CHIQ Global X MSCI China Consumer ETF 4.5 65 -5 5.6 +5.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 4.4 49 11 4.0 +4.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.4 70 -10 2.8 +2.8
FXH First Trust Health Care AlphaDEX Fund 4.3 61 -1 5.3 +5.3
VOT Vanguard Mid-Cap Growth Index Fund 4.3 7 53 2.7 +2.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 4.2 15 45 2.4 +2.4
GAMR ETFMG Video Game Tech ETF 4.2 75 -15 3.9 +3.9
AWAY ETFMG Travel Tech ETF 4.1 75 -15 -2.1 -2.1
PSJ Invesco Dynamic Software ETF 4.1 56 4 2.8 +2.8
SUBZ Roundhill Streaming Services & Technology ETF 3.8 75 -15 -2.9 -2.9
HELX Franklin Genomic Advancements ETF 3.8 50 10 -0.6 -0.6
CIBR First Trust NASDAQ CEA Cybersecurity ETF 3.8 60 0 2.7 +2.7
FDN First Trust Dow Jones Internet Index Fund 3.8 51 9 1.8 +1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 3.7 40 20 2.3 +2.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 3.7 34 26 3.7 +3.7
BLOK Amplify Transformational Data Sharing ETF 3.6 70 -10 0.7 +0.7
IGV iShares Expanded Tech-Software ETF 3.6 46 14 2.1 +2.1
LOUP Innovator Loup Frontier Tech ETF 3.6 70 -10 3.4 +3.4
SKYY First Trust Cloud Computing ETF 3.6 60 0 2.2 +2.2
IMCG iShares Morningstar Mid-Cap Growth ETF 3.5 6 54 3.0 +3.0
HAIL SPDR S&P Kensho Smart Mobility ETF 3.5 45 15 3.4 +3.4
BATT Amplify Advanced Battery Metals & Materials ETF 3.5 59 1 1.9 +1.9
KWEB KraneShares CSI China Internet ETF 3.4 76 -16 3.9 +3.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 3.3 7 53 3.8 +3.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.3 60 0 0.2 +0.2
WWOW Direxion World Without Waste ETF 3.3 50 10 1.0 +1.0
STMB iShares Factors US Mid Blend Style ETF 3.2 30 30 5.4 +5.4
VXF Vanguard Extended Market Index Fund 3.2 6 54 2.5 +2.5
SCHM Schwab U.S. Mid-Cap ETF 3.1 4 56 4.7 +4.7
HACK ETFMG Prime Cyber Security ETF 3.1 60 0 2.6 +2.6
PXQ Invesco Dynamic Networking ETF 3.1 63 -3 3.4 +3.4
BICK First Trust BICK Index Fund 3.1 64 -4 5.7 +5.7
CCON Direxion Connected Consumer ETF 3.1 45 15 2.9 +2.9
FEVR Inspire Faithward Large Cap Momentum ESG ETF 3.1 85 -25 3.4 +3.4
PWC Invesco Dynamic Market ETF 3.0 58 2 5.7 +5.7
XRT SPDR S&P Retail ETF 3.0 35 25 4.5 +4.5
KNGS UPHOLDINGS Compound Kings ETF 2.9 60 0 2.7 +2.7
FDG American Century Focused Dynamic Growth ETF 2.9 45 15 1.9 +1.9
ARKQ Ark Industrial Innovation ETF 2.9 75 -15 1.1 +1.1
XBUY Amplify International Online Retail ETF 2.8 69 -9 -1.6 -1.6
THNQ ROBO Global Artificial Intelligence ETF 2.8 68 -8 1.6 +1.6
BBH VanEck Vectors Biotech ETF 2.7 35 25 3.4 +3.4
GBGR Global Beta Momentum-Growth ETF 2.7 29 31 3.1 +3.1
BFIT Global X Health & Wellness ETF 2.7 50 10 3.7 +3.7
KOMP SPDR Kensho New Economies Composite ETF 2.7 20 40 1.6 +1.6
VBK Vanguard Small-Cap Growth Index Fund 2.7 7 53 1.9 +1.9
GURU Global X Guru Index ETF 2.7 75 -15 2.7 +2.7
KESG KraneShares MSCI China ESG Leaders Index ETF 2.6 59 1 9.0 +9.0
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 2.6 25 35 2.2 +2.2
ARKG ARK Genomic Revolution ETF 2.6 75 -15 -1.9 -1.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.5 70 -10 0.7 +0.7
IWR iShares Russell Midcap ETF 2.4 19 41 4.5 +4.5
VO Vanguard Mid-Cap Index Fund 2.4 4 56 4.3 +4.3
XPH SPDR S&P Pharmaceuticals ETF 2.4 35 25 1.9 +1.9
PWB Invesco Dynamic Large Cap Growth ETF 2.4 56 4 3.1 +3.1
ARKX ARK Space Exploration & Innovation ETF 2.4 75 -15 3.0 +3.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.4 68 -8 4.3 +4.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.3 47 13 1.2 +1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 2.3 60 0 2.6 +2.6
SIZE iShares MSCI USA Size Factor ETF 2.3 15 45 4.6 +4.6
EUSA iShares MSCI USA Equal Weighted ETF 2.3 15 45 4.6 +4.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 2.3 20 40 7.1 +7.1
BNE Blue Horizon BNE ETF 2.3 87 -27 3.0 +3.0
DTEC ALPS Disruptive Technologies ETF 2.3 50 10 2.8 +2.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.2 30 30 5.1 +5.1
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 2.2 112 -52 3.2 +3.2
SCHA Schwab U.S. Small-Cap ETF 2.2 4 56 3.5 +3.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.2 65 -5 1.5 +1.5
SDG iShares Sustainable MSCI Global Impact ETF 2.2 49 11 6.4 +6.4
LUXE Emles Luxury Goods ETF 2.1 60 0 2.9 +2.9
SHE SPDR SSGA Gender Diversity Index ETF 2.1 20 40 3.9 +3.9
ASIA-AU BetaShares Asia Technology Tigers ETF 2.1 67 -7 4.3 +4.3
EQAL Invesco Russell 1000 Equal Weight ETF 2.1 20 40 5.0 +5.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.0 63 -3 1.8 +1.8
MILN Global X Millennial Consumer ETF 2.0 50 10 2.1 +2.1
IMCB iShares Morningstar Mid-Cap ETF 2.0 4 56 4.6 +4.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.9 4 56 4.6 +4.6
FITE SPDR Kensho Future Security ETF 1.9 45 15 2.8 +2.8
IBB iShares NASDAQ Biotechnology ETF 1.9 46 14 0.2 +0.2
PTH Invesco DWA Healthcare Momentum ETF 1.9 60 0 -3.4 -3.4
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 1.9 69 -9 4.2 +4.2
XNTK SPDR NYSE Technology ETF 1.8 35 25 3.0 +3.0
FLCH Franklin FTSE China ETF 1.8 19 41 8.8 +8.8
FNX First Trust Mid Cap Core AlphaDEX Fund 1.8 60 0 4.9 +4.9
PDP Invesco DWA Momentum ETF 1.8 62 -2 2.6 +2.6
JSML Janus Henderson Small Cap Growth Alpha ETF 1.8 30 30 5.5 +5.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.8 60 0 4.1 +4.1
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 1.8 65 -5 5.1 +5.1
TECB iShares US Tech Breakthrough Multisector ETF 1.8 40 20 3.3 +3.3
IDRV iShares Self-driving EV & Tech ETF 1.8 47 13 6.1 +6.1
PBW Invesco WilderHill Clean Energy ETF 1.7 70 -10 -1.5 -1.5
STLC iShares Factors US Blend Style ETF 1.7 25 35 5.3 +5.3
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.7 50 10 3.0 +3.0
JMOM JPMorgan U.S. Momentum Factor ETF 1.7 12 48 3.6 +3.6
KCE SPDR S&P Capital Markets ETF 1.7 35 25 7.1 +7.1
VB Vanguard Small-Cap ETF 1.7 5 55 4.3 +4.3
MCHI iShares MSCI China ETF 1.7 59 1 8.2 +8.2
ISCG iShares Morningstar Small-Cap Growth ETF 1.6 6 54 0.5 +0.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.6 64 -4 5.7 +5.7
JIG JPMorgan International Growth ETF 1.6 55 5 2.3 +2.3
BKSE BNY Mellon US Small Cap Core Equity ETF 1.6 4 56 4.1 +4.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.6 9 51 4.7 +4.7
NUSC Nuveen ESG Small-Cap ETF 1.5 40 20 3.8 +3.8
VUG Vanguard Growth Index Fund 1.5 4 56 3.5 +3.5
SMMD iShares Russell 2500 ETF 1.5 15 45 4.8 +4.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.5 60 0 3.9 +3.9
CHIR Global X MSCI China Real Estate ETF 1.5 66 -6 28.6 +28.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.4 6 54 3.9 +3.9
STLG iShares Factors US Growth Style ETF 1.4 25 35 4.5 +4.5
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 1.4 68 -8 1.1 +1.1
EDOC Global X Telemedicine & Digital Health ETF 1.4 68 -8 -0.1 -0.1
JHMT John Hancock Multifactor Technology ETF 1.4 40 20 4.0 +4.0
IHF iShares U.S. Healthcare Providers ETF 1.4 42 18 6.6 +6.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 24 7.3 +7.3
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.4 85 -25 3.5 +3.5
MTUM iShares MSCI USA Momentum Factor ETF 1.4 15 45 4.2 +4.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 1.3 21 39 2.9 +2.9
IHE iShares U.S. Pharmaceuticals ETF 1.3 42 18 6.2 +6.2
JHMC John Hancock Multifactor Consumer Discretionary ETF 1.3 40 20 3.3 +3.3
FBZ First Trust Brazil AlphaDEX Fund 1.3 80 -20 5.2 +5.2
TMFC Motley Fool 100 Index ETF 1.3 50 10 3.1 +3.1
SFY SoFi Select 500 ETF 1.3 0 60 4.3 +4.3
JHMH John Hancock Multifactor Healthcare ETF 1.3 40 20 5.4 +5.4
LCG Sterling Capital Focus Equity ETF 1.2 59 1 2.2 +2.2
STLV iShares Factors US Value Style ETF 1.2 25 35 6.7 +6.7
ISCB iShares Morningstar Small-Cap ETF 1.2 4 56 3.0 +3.0
IBBJ Defiance Nasdaq Junior Biotechnology ETF 1.2 45 15 0.0 0.0
MOON Direxion Moonshot Innovators ETF 1.2 65 -5 -3.8 -3.8
IYK iShares U.S. Consumer Goods ETF 1.2 43 17 4.5 +4.5
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 44 7.0 +7.0
VEGN US Vegan Climate ETF 1.2 60 0 3.7 +3.7
VONG Vanguard Russell 1000 Growth Index Fund 1.2 8 52 3.7 +3.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.2 29 31 6.6 +6.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.2 30 30 5.3 +5.3
TUSA First Trust Total US Market AlphaDEX ETF 1.2 70 -10 5.7 +5.7
VIRS Pacer BioThreat Strategy ETF 1.2 70 -10 4.7 +4.7
XHE SPDR S&P Health Care Equipment ETF 1.2 35 25 -0.2 -0.2
IWF iShares Russell 1000 Growth ETF 1.2 19 41 3.6 +3.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.1 17 43 3.8 +3.8
JHSC John Hancock Multifactor Small Cap ETF 1.1 42 18 4.8 +4.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 1.1 15 45 5.8 +5.8
CHIK Global X MSCI China Information Technology ETF 1.1 65 -5 4.4 +4.4
BKF iShares MSCI BRIC ETF 1.1 70 -10 7.3 +7.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 2 3.9 +3.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 25 4.1 +4.1
JHMM John Hancock Multifactor Mid Cap ETF 1.0 42 18 4.6 +4.6
CN Xtrackers MSCI All China Equity ETF 1.0 50 10 8.2 +8.2
IYW iShares U.S. Technology ETF 1.0 43 17 3.5 +3.5
FEX First Trust Large Cap Core AlphaDEX Fund 1.0 59 1 5.2 +5.2
USMV iShares Edge MSCI Min Vol USA ETF 1.0 15 45 4.8 +4.8
MRAD SmartETFs Advertising & Marketing Technology ETF 1.0 68 -8 1.4 +1.4
VTI Vanguard Total Stock Market Index Fund 1.0 3 57 4.3 +4.3
CQQQ Invesco China Technology ETF 1.0 70 -10 2.8 +2.8
VHT Vanguard Health Care Index Fund 0.9 10 50 5.1 +5.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 0.9 20 40 0.0 0.0
ISRA VanEck Vectors Israel ETF 0.9 62 -2 5.0 +5.0
ITEQ BlueStar Israel Technology ETF 0.9 75 -15 1.3 +1.3
MGK Vanguard Mega Cap Growth ETF 0.9 7 53 3.6 +3.6
VUSE Vident Core US Equity Fund 0.9 48 12 6.8 +6.8
FHLC Fidelity MSCI Health Care Index ETF 0.9 8 52 5.0 +5.0
VGT Vanguard Information Technology Index Fund 0.9 10 50 3.9 +3.9
GENY Principal Millennials Index ETF 0.9 45 15 4.7 +4.7
ILCG iShares Morningstar Growth ETF 0.9 4 56 3.0 +3.0
VV Vanguard Large-Cap Index Fund 0.9 4 56 4.5 +4.5
FXG First Trust Consumer Staples AlphaDEX Fund 0.9 63 -3 7.2 +7.2
DON WisdomTree U.S. MidCap Dividend Fund 0.9 38 22 6.5 +6.5
FPXI First Trust International Equity Opportunities ETF 0.9 70 -10 0.7 +0.7
IWO iShares Russell 2000 Growth ETF 0.9 24 36 0.1 +0.1
VTWG Vanguard Russell 2000 Growth Index Fund 0.9 15 45 0.2 +0.2
VBR Vanguard Small Cap Value Index Fund 0.9 7 53 6.0 +6.0
FTEC Fidelity MSCI Information Technology Index ETF 0.8 8 52 3.9 +3.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.8 24 36 5.5 +5.5
DUSA Davis Select U.S. Equity ETF 0.8 62 -2 6.7 +6.7
DWLD Davis Select Worldwide ETF 0.8 63 -3 6.7 +6.7
IGM iShares Expanded Tech Sector ETF 0.8 46 14 3.3 +3.3
PBD Invesco Global Clean Energy ETF 0.8 75 -15 -0.0 -0.0
HLGE Hartford Longevity Economy ETF 0.8 44 16 5.9 +5.9
KEJI Global X China Innovation ETF 0.8 75 -15 3.4 +3.4
GERM ETFMG Treatments Testing and Advancements ETF 0.8 68 -8 -4.7 -4.7
LDEM iShares ESG MSCI EM Leaders ETF 0.8 16 44 6.9 +6.9
SYG SPDR MFS Systematic Growth Equity ETF 0.8 60 0 0.0 0.0
BMED BlackRock Future Health ETF 0.8 85 -25 -0.8 -0.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.8 63 -3 5.4 +5.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 51 3.4 +3.4
VOX Vanguard Telecommunication Services Index Fund 0.8 10 50 3.6 +3.6
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 35 7.0 +7.0
SCHG Schwab U.S. Large-Cap Growth ETF 0.8 4 56 3.2 +3.2
JHCS John Hancock Multifactor Media & Communications ETF 0.8 40 20 4.6 +4.6
HKND Humankind US Stock ETF 0.7 209 -149 3.7 +3.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 0.7 18 42 4.0 +4.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -10 7.5 +7.5
ITB iShares U.S. Home Construction ETF 0.7 42 18 8.6 +8.6
SCHE Schwab Emerging Markets Equity ETF 0.7 11 49 7.6 +7.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.7 16 44 7.7 +7.7
VONE Vanguard Russell 1000 ETF 0.7 8 52 4.5 +4.5
IWB iShares Russell 1000 ETF 0.7 15 45 4.4 +4.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 41 6.9 +6.9
EVX VanEck Vectors Environmental Services ETF 0.7 55 5 3.0 +3.0
IWV iShares Russell 3000 ETF 0.7 20 40 4.3 +4.3
GXC SPDR S&P China ETF 0.7 59 1 8.2 +8.2
VTHR Vanguard Russell 3000 Index Fund 0.7 10 50 4.4 +4.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.7 7 53 4.5 +4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 45 15 6.5 +6.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.7 70 -10 6.3 +6.3
RBUS Nationwide Risk-Based U.S. Equity ETF 0.7 30 30 4.8 +4.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.7 30 30 6.2 +6.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.7 70 -10 2.8 +2.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.7 60 0 6.1 +6.1
XHS SPDR S&P Health Care Services ETF 0.7 35 25 4.1 +4.1
CBSE Changebridge Capital Sustainable Equity ETF 0.7 85 -25 0.8 +0.8
IWS iShares Russell Mid-Cap Value ETF 0.7 24 36 5.5 +5.5
EZM WisdomTree U.S. MidCap Earnings Fund 0.7 38 22 7.5 +7.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 40 6.5 +6.5
IUSS Invesco Strategic US Small Company ETF 0.6 23 37 4.4 +4.4
IYC iShares U.S. Consumer Services ETF 0.6 43 17 2.7 +2.7
XBI SPDR S&P BIOTECH ETF 0.6 35 25 -1.2 -1.2
RNMC Mid Cap US Equity Select ETF 0.6 60 0 6.0 +6.0
TPLC Timothy Plan US Large Cap Core ETF 0.6 52 8 4.5 +4.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 15 45 6.7 +6.7
IJJ iShares S&P Mid-Cap 400 Value ETF 0.6 18 42 6.5 +6.5
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 -5 6.0 +6.0
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 45 6.5 +6.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.6 66 -6 6.7 +6.7
KIE SPDR S&P Insurance ETF 0.6 35 25 7.3 +7.3
EEM iShares MSCI Emerging Markets ETF 0.6 70 -10 6.7 +6.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.6 25 35 4.7 +4.7
COWZ Pacer US Cash Cows 100 ETF 0.6 49 11 8.8 +8.8
LSAT Leadershares Alphafactor Tactical Focused ETF 0.6 99 -39 7.1 +7.1
PBJ Invesco Dynamic Food & Beverage ETF 0.6 63 -3 5.4 +5.4
SMDY Syntax Stratified MidCap ETF 0.6 35 25 5.0 +5.0
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 47 3.2 +3.2
VWO Vanguard FTSE Emerging Markets ETF 0.6 10 50 7.5 +7.5
IETC iShares Evolved U.S. Technology ETF 0.6 18 42 3.5 +3.5
KLDW Gavekal Knowledge Leaders Developed World ETF 0.6 75 -15 3.7 +3.7
JHMS John Hancock Multifactor Consumer Staples ETF 0.6 40 20 5.3 +5.3
SCHB Schwab U.S. Broad Market ETF 0.6 3 57 4.4 +4.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.6 8 52 3.7 +3.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 57 4.3 +4.3
SOCL Global X Social Media ETF 0.6 65 -5 2.2 +2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 21 3.5 +3.5
MGC Vanguard Mega Cap Index Fund 0.5 7 53 4.5 +4.5
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.5 79 -19 0.0 0.0
IYY iShares Dow Jones U.S. ETF 0.5 20 40 4.4 +4.4
CHIL Global X MSCI China Large-Cap 50 ETF 0.5 29 31 6.9 +6.9
VTWO Vanguard Russell 2000 Index Fund 0.5 10 50 2.7 +2.7
IWM iShares Russell 2000 ETF 0.5 19 41 2.6 +2.6
IEMG iShares Core MSCI Emerging Markets ETF 0.5 11 49 7.2 +7.2
IFRA iShares U.S. Infrastructure ETF 0.5 40 20 3.4 +3.4
HART IQ Healthy Hearts ETF 0.5 45 15 4.1 +4.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.5 24 36 6.0 +6.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.5 30 30 7.2 +7.2
FSMD Fidelity Small-Mid Factor ETF 0.5 29 31 5.9 +5.9
IYH iShares U.S. Healthcare ETF 0.5 43 17 5.8 +5.8
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 57 4.5 +4.5
SCHK Schwab 1000 Index ETF 0.5 5 55 4.5 +4.5
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 54 5.3 +5.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.5 40 20 5.4 +5.4
BFOR Barron's 400 ETF 0.5 70 -10 5.8 +5.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.5 8 52 3.5 +3.5
VCR Vanguard Consumer Discretionary Index Fund 0.5 10 50 3.4 +3.4
ESGV Vanguard ESG U.S. Stock ETF 0.5 12 48 4.5 +4.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.5 75 -15 3.1 +3.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -20 4.9 +4.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.5 30 30 5.1 +5.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 0.4 18 42 4.7 +4.7
AIQ Global X Future Analytics Tech ETF 0.4 68 -8 3.3 +3.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.4 68 -8 2.5 +2.5
SYE SPDR MFS Systematic Core Equity ETF 0.4 60 0 0.0 0.0
KBE SPDR S&P Bank ETF 0.4 35 25 8.7 +8.7
HOMZ Hoya Capital Housing ETF 0.4 30 30 6.8 +6.8
DFNL Davis Select Financial ETF 0.4 64 -4 6.5 +6.5
IHI iShares U.S. Medical Devices ETF 0.4 42 18 3.0 +3.0
PEJ Invesco Dynamic Leisure & Entertainment ETF 0.4 63 -3 5.2 +5.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 51 4.9 +4.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.4 60 0 3.8 +3.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 40 6.2 +6.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.4 35 25 5.2 +5.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.4 35 25 5.2 +5.2
QGRO American Century STOXX U.S. Quality Growth ETF 0.4 29 31 3.9 +3.9
VT Vanguard Total World Stock ETF 0.4 8 52 5.3 +5.3
SCHX Schwab U.S. Large-Cap ETF 0.4 3 57 4.5 +4.5
PBS Invesco Dynamic Media ETF 0.4 63 -3 -5.4 -5.4
CHIX Global X MSCI China Financials ETF 0.4 65 -5 21.6 +21.6
VOE Vanguard Mid-Cap Value Index Fund 0.4 7 53 6.1 +6.1
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 56 4.5 +4.5
SPMD SPDR Portfolio Mid Cap ETF 0.4 5 55 5.5 +5.5
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 10 50 5.6 +5.6
IJH iShares Core S&P Mid-Cap ETF 0.4 5 55 5.5 +5.5
MDY SPDR S&P Midcap 400 ETF Trust 0.4 23 37 5.3 +5.3
RSX VanEck Vectors Russia ETF 0.4 67 -7 12.0 +12.0
XT iShares Exponential Technologies ETF 0.4 47 13 4.6 +4.6
DWAS Invesco DWA SmallCap Momentum ETF 0.4 60 0 -0.4 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 45 5.0 +5.0
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 4.5 +4.5
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -29 4.6 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 49 7.2 +7.2
IZRL ARK Israel Innovative Technology ETF 0.3 49 11 -1.2 -1.2
JVAL JPMorgan U.S. Value Factor ETF 0.3 12 48 6.8 +6.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.3 29 31 6.0 +6.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.3 20 40 5.2 +5.2
JHMA John Hancock Multifactor Materials ETF 0.3 40 20 5.7 +5.7
VNMC Natixis Vaughan Nelson Mid Cap ETF 0.3 85 -25 6.1 +6.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 5.2 +5.2
PSC Principal U.S. Small Cap Index ETF 0.3 38 22 4.9 +4.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 58 4.6 +4.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 0.3 30 30 5.3 +5.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.3 70 -10 6.6 +6.6
ACWI iShares MSCI ACWI ETF 0.3 32 28 5.0 +5.0
PAWZ ProShares Pet Care ETF 0.3 50 10 2.0 +2.0
CVY Invesco Zacks Multi-Asset Income ETF 0.3 94 -34 8.0 +8.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 0.3 35 25 4.9 +4.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 11 6.8 +6.8
TOK iShares MSCI Kokusai ETF 0.3 25 35 4.7 +4.7
IPAY ETFMG Prime Mobile Payments ETF 0.3 75 -15 4.7 +4.7
TPAY Tortoise Digital Payments Infrastructure Fund 0.3 40 20 4.3 +4.3
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 4.7 +4.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 70 -10 7.5 +7.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 51 4.9 +4.9
IYG iShares US Financial Services ETF 0.3 42 18 5.9 +5.9
AVEM Avantis Emerging Markets Equity ETF 0.3 33 27 8.5 +8.5
IAK iShares U.S. Insurance ETF 0.2 42 18 7.5 +7.5
VFLQ Vanguard U.S. Liquidity Factor ETF 0.2 13 47 3.1 +3.1
IWD iShares Russell 1000 Value ETF 0.2 19 41 5.8 +5.8
QYLD Global X NASDAQ 100 Covered Call ETF 0.2 60 0 3.3 +3.3
VONV Vanguard Russell 1000 Value Index Fund 0.2 8 52 5.9 +5.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 0.2 60 0 3.2 +3.2
NUSI Nationwide Risk-Managed Income ETF 0.2 68 -8 3.2 +3.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 49 7.3 +7.3
QQQM Invesco NASDAQ 100 ETF 0.2 15 45 3.6 +3.6
QQQ Invesco QQQ Trust 0.2 20 40 3.6 +3.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 11 7.4 +7.4
URTH iShares MSCI World ETF 0.2 24 36 4.8 +4.8
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 15 2.6 +2.6
PPA Invesco Aerospace & Defense ETF 0.2 59 1 5.6 +5.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.2 29 31 0.8 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 44 5.9 +5.9
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 54 6.2 +6.2
NULC Nuveen ESG Large-Cap ETF 0.2 20 40 4.5 +4.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 6.3 +6.3
JEMA JPMorgan Emerging Markets Equity Core ETF 0.2 39 21 6.5 +6.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 28 6.4 +6.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.2 17 43 6.1 +6.1
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 45 4.8 +4.8
IWN iShares Russell 2000 Value ETF 0.2 24 36 4.7 +4.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 40 4.2 +4.2
ACVF American Conservative Values ETF 0.2 75 -15 4.0 +4.0
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 30 6.3 +6.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 52 6.7 +6.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 19 6.3 +6.3
JHMF John Hancock Multifactor Financials ETF 0.2 40 20 6.3 +6.3
DFAU Dimensional US Core Equity Market ETF 0.2 12 48 4.7 +4.7
AVUS Avantis U.S. Equity ETF 0.2 15 45 5.0 +5.0
IWY iShares Russell Top 200 Growth ETF 0.2 20 40 3.7 +3.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 1 9.7 +9.7
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 51 6.5 +6.5
VFH Vanguard Financials Index Fund 0.2 10 50 7.0 +7.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 42 5.8 +5.8
FNCL Fidelity MSCI Financials Index ETF 0.2 8 52 7.0 +7.0
VXUS Vanguard Total International Stock ETF 0.2 8 52 6.6 +6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 51 5.1 +5.1
IYF iShares U.S. Financials ETF 0.2 42 18 5.7 +5.7
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 52 5.9 +5.9
DFUS Dimensional U.S. Equity ETF 0.1 11 49 4.5 +4.5
VIS Vanguard Industrials Index Fund 0.1 10 50 4.5 +4.5
JMIN JPMorgan U.S. Minimum Volatility ETF 0.1 12 48 5.3 +5.3
DFAS Dimensional U.S. Small Cap ETF 0.1 34 26 4.7 +4.7
AFLG First Trust Active Factor Large Cap ETF 0.1 55 5 5.0 +5.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.1 71 -11 1.9 +1.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 0.1 75 -15 7.6 +7.6
VFMF Vanguard U.S. Multifactor ETF 0.1 19 41 7.0 +7.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 40 5.9 +5.9
CHIS Global X MSCI China Consumer Staples ETF 0.1 65 -5 4.7 +4.7
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 4.9 +4.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 35 4.8 +4.8
IYJ iShares U.S. Industrials ETF 0.1 42 18 4.8 +4.8
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 47 5.0 +5.0
VSGX Vanguard ESG International Stock ETF 0.1 17 43 6.2 +6.2
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 0.1 60 0 1.8 +1.8
IWL iShares Russell Top 200 ETF 0.1 15 45 4.4 +4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 4.5 +4.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 43 4.3 +4.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 15 45 4.3 +4.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 45 4.3 +4.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 50 10 7.0 +7.0
REVS Columbia Research Enhanced Value ETF 0.1 19 41 6.6 +6.6
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.1 35 25 6.4 +6.4
VTV Vanguard Value Index Fund 0.1 4 56 6.3 +6.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.2 +5.2
FIDU Fidelity MSCI Industrials Index ETF 0.1 8 52 4.9 +4.9
IQSU IQ Candriam ESG US Equity ETF 0.1 9 51 4.4 +4.4
DTD WisdomTree U.S.Total Dividend Fund 0.1 28 32 6.1 +6.1
STSB iShares Factors US Small Blend Style ETF 0.1 35 25 3.5 +3.5
DFAT Dimensional U.S. Targeted Value ETF 0.1 34 26 6.1 +6.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 63 -3 5.7 +5.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 19 41 4.9 +4.9
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 56 5.9 +5.9
RECS Columbia Research Enhanced Core ETF 0.1 15 45 5.0 +5.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 30 30 5.5 +5.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.0 45 15 9.6 +9.6
ILCV iShares Morningstar Value ETF 0.0 4 56 6.1 +6.1
IUSV iShares Core S&P U.S. Value ETF 0.0 4 56 6.1 +6.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 48 4.4 +4.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 21 5.7 +5.7
HDV iShares Core High Dividend ETF 0.0 8 52 6.1 +6.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 21 3.8 +3.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 15 7.7 +7.7
ONEY SPDR Russell 1000 Yield Focus ETF 0.0 20 40 7.4 +7.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 56 6.2 +6.2
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 57 4.7 +4.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 35 5.6 +5.6
MGV Vanguard Mega Cap Value ETF 0.0 7 53 6.4 +6.4
IWX iShares Russell Top 200 Value ETF 0.0 20 40 5.9 +5.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 11 49 5.2 +5.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 54 6.7 +6.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 30 7.8 +7.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.0 25 35 5.6 +5.6
VDC Vanguard Consumer Staples Index Fund 0.0 10 50 5.1 +5.1
NULV Nuveen ESG Large-Cap Value ETF 0.0 35 25 6.0 +6.0
FSTA Fidelity MSCI Consumer Staples Index ETF 0.0 8 52 5.1 +5.1
IUSG iShares Core S&P US Growth ETF 0.0 4 56 3.8 +3.8
VEA Vanguard FTSE Developed Markets ETF 0.0 5 55 6.4 +6.4

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:
Renaissance IPO 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 -171.4 %
Divided by: Fwd. P/BV -90.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.