Renaissance IPO ETF
ALTAR
Score™		 -0.2% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 205.9x P/Sales
ratio		 2.6x
P/BV
ratio		 4.5x Div.
yield		 0.2%


  • 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) $154
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 87
Wgt avg mkt cap (mns) $20,319
Large cap (>$10bn) 62.5%
Mid cap ($2-10bn) 31.5%
Small cap (<$2bn) 0.3%
Developed mkts 85.9%
Emerging mkts 14.1%

TOP TEN HOLDINGS
SNOWFLAKE, INC. CLASS A 11.5 %
AIRBNB, INC. CLASS A 8.6 %
PALANTIR TECHNOLOGIES INC. CLASS A 6.3 %
DOORDASH, INC. CLASS A 4.0 %
COUPANG, INC. CLASS A 4.0 %
LI AUTO, INC. SPONSORED ADR CLASS 3.7 %
ROBLOX CORP. CLASS A 3.5 %
NU HOLDINGS LTD. CLASS A 3.4 %
ROYALTY PHARMA PLC CLASS A 2.9 %
KE HOLDINGS, INC. SPONSORED ADR CL 2.4 %
Total 50.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 71.7 %
CHINA 8.2 %
SOUTH KOREA 4.0 %
CAYMAN ISLANDS 3.4 %
SWITZERLAND 1.4 %
ISRAEL 1.4 %
URUGUAY 0.3 %
CYPRUS 0.1 %
CANADA 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.0% -3.8% 0.8% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 1.13 39%
MSCI EAFE 1.02 32%
MSCI Emg. Mkts. 0.99 31%

Technical Indicators
Recent close $31.42
30d moving avg. $28.98
Annualized volatility 32.7%
Short interest (ETF) 5.9%
Short interest (Underlying) 6.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.8%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $6,886

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 720 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™: -0.2%


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 22.1 57 3 1.1 +1.3
MEME Roundhill MEME ETF 18.6 69 -9 -1.3 -1.2
BYOB SoFi Be Your Own Boss ETF 15.5 59 1 -3.0 -2.8
LRNZ TrueMark Technology, AI & Deep Learning ETF 14.4 68 -8 -1.3 -1.1
BOSS Global X Founder-Run Companies ETF 14.3 45 15 3.5 +3.6
ARKW ARK Web x.0 ETF 12.2 83 -23 -5.0 -4.8
BUZZ VanEck Social Sentiment ETF 12.2 75 -15 1.9 +2.0
LZRD Parabla Innovation ETF 12.1 69 -9 -8.0 -7.8
ARKK ARK Innovation ETF 11.5 75 -15 -6.3 -6.2
OGIG O'Shares Global Internet Giants ETF 11.3 48 12 0.1 +0.2
TRFM AAM Transformers ETF 11.2 49 11 1.8 +2.0
DAT ProShares Big Data Refiners ETF 10.8 58 2 0.4 +0.5
PTEC Global X PropTech ETF 10.8 50 10 3.0 +3.1
ARKF ARK Fintech Innovation ETF 10.2 75 -15 -1.8 -1.7
LOUP Innovator Loup Frontier Tech ETF 10.1 70 -10 3.1 +3.3
SFYF SoFi 50 ETF 10.0 29 31 -6.4 -6.3
ENTR Entrepreneur 30 Fund 9.4 49 11 2.4 +2.6
IBUY Amplify Online Retail ETF 9.1 65 -5 -5.4 -5.2
BWEB Bitwise Web3 ETF 8.9 85 -25 1.8 +2.0
SPRX Spear Alpha ETF 8.7 75 -15 1.4 +1.5
HOTL Kelly Hotel & Lodging Sector ETF 8.6 78 -18 2.8 +2.9
FDN First Trust Dow Jones Internet Index Fund 8.6 51 9 2.8 +3.0
ONLN ProShares Online Retail ETF 8.5 58 2 -2.6 -2.5
BUYZ Franklin Disruptive Commerce ETF 8.3 50 10 1.9 +2.0
WCLD WisdomTree Cloud Computing Fund 8.3 45 15 0.1 +0.2
PGJ Invesco Golden Dragon China ETF 8.2 70 -10 4.7 +4.9
XSW SPDR S&P Software & Services ETF 7.9 35 25 2.6 +2.7
OND ProShares On-Demand ETF 7.9 58 2 -5.2 -5.0
BLOK Amplify Transformational Data Sharing ETF 7.7 71 -11 -1.8 -1.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.7 86 -26 1.6 +1.7
MVPS Amplify Thematic All-Stars ETF 7.7 49 11 2.0 +2.2
VR Global X Metaverse ETF 7.6 50 10 5.8 +6.0
XITK SPDR FactSet Innovative Technology ETF 7.6 45 15 0.2 +0.3
EWEB Global X Emerging Markets Internet & E-commerce ETF 7.6 65 -5 5.5 +5.7
XDAT Franklin Exponential Data ETF 7.3 50 10 4.0 +4.2
AOTG AOT Growth and Innovation ETF 7.2 75 -15 3.0 +3.2
XWEB SPDR S&P Internet ETF 7.1 35 25 -12.5 -12.4
HAPY Harbor Corporate Culture Leaders ETF 6.9 36 24 4.8 +5.0
ISHP First Trust S-Network E-Commerce ETF 6.9 60 0 3.7 +3.8
METV Roundhill Ball Metaverse ETF 6.9 59 1 4.2 +4.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 6.8 39 21 -1.2 -1.0
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 6.8 35 25 3.0 +3.1
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 6.7 69 -9 6.8 +6.9
HERO Global X Video Games & Esports ETF 6.7 50 10 9.6 +9.7
MRND IQ U.S. Mid Cap R&D Leaders ETF 6.6 16 44 -0.8 -0.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 6.5 50 10 17.4 +17.6
MOON Direxion Moonshot Innovators ETF 6.4 65 -5 -19.6 -19.4
TWEB SoFi Web 3 ETF 6.4 59 1 -12.9 -12.7
FCLD Fidelity Cloud Computing ETF 6.4 39 21 4.1 +4.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 6.3 68 -8 -0.0 +0.1
FXL First Trust Technology AlphaDEX Fund 6.3 61 -1 5.8 +6.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.2 45 15 1.9 +2.1
PLAT WisdomTree Modern Tech Platforms Fund 5.8 20 40 0.8 +0.9
PSJ Invesco Dynamic Software ETF 5.7 56 4 3.3 +3.4
PNQI Invesco NASDAQ Internet ETF 5.6 60 0 3.0 +3.1
TIME Clockwise Capital Innovation ETF 5.5 95 -35 2.8 +3.0
XNTK SPDR NYSE Technology ETF 5.4 35 25 4.4 +4.6
EMFQ Amplify Emerging Markets FinTech ETF 5.4 69 -9 5.9 +6.0
BFTR Future Innovators ETF 5.4 80 -20 2.4 +2.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.4 75 -15 3.7 +3.9
SMOG VanEck Low Carbon Energy ETF 5.3 55 5 3.0 +3.1
GAMR ETFMG Video Game Tech ETF 5.3 75 -15 6.4 +6.6
IVRS iShares Future Metaverse Tech and Communications ETF 5.2 47 13 8.2 +8.4
VERS ProShares Metaverse ETF 5.2 58 2 -5.3 -5.2
ESPO VanEck Video Gaming & eSports ETF 5.2 55 5 6.9 +7.1
BICK First Trust BICK Index Fund 5.2 64 -4 5.3 +5.4
VXF Vanguard Extended Market Index Fund 5.0 6 54 4.3 +4.4
IWFH iShares Virtual Work and Life Multisector ETF 4.7 47 13 -1.2 -1.1
SFYX Sofi Next 500 ETF 4.7 0 60 6.2 +6.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.7 70 -10 3.2 +3.4
HAIL SPDR S&P Kensho Smart Mobility ETF 4.7 45 15 -3.2 -3.1
JRNY ALPS Global Travel Beneficiaries ETF 4.6 65 -5 0.8 +0.9
FINX Global X FinTech Thematic ETF 4.5 68 -8 5.1 +5.3
AWAY ETFMG Travel Tech ETF 4.5 75 -15 -3.5 -3.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.5 86 -26 2.3 +2.4
BKCH Global X Blockchain ETF 4.5 50 10 -40.7 -40.6
GRZZ Grizzle Growth ETF 4.4 75 -15 6.8 +6.9
GURU Global X Guru Index ETF 4.4 75 -15 5.4 +5.6
INNO Harbor Disruptive Innovation ETF 4.3 75 -15 -3.3 -3.2
MTVR Fount Metaverse ETF 4.3 70 -10 6.3 +6.5
WUGI AXS Esoterica NextG Economy ETF 4.3 75 -15 2.9 +3.0
ARVR First Trust Indxx Metaverse ETF 4.3 70 -10 4.5 +4.6
WTRE WisdomTree New Economy Real Estate Fund 4.2 58 2 5.1 +5.3
BEDZ AdvisorShares Hotel ETF 4.2 99 -39 1.4 +1.5
FMET Fidelity Metaverse ETF 4.1 39 21 4.9 +5.0
VBK Vanguard Small-Cap Growth Index Fund 4.1 7 53 1.7 +1.9
BITQ Bitwise Crypto Industry Innovators ETF 4.0 85 -25 -26.0 -25.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 3.9 49 11 7.5 +7.6
PBW Invesco WilderHill Clean Energy ETF 3.9 61 -1 -6.6 -6.5
NUMG Nuveen ESG Mid-Cap Growth ETF 3.9 30 30 4.5 +4.7
BNGE First Trust S-Network Streaming and Gaming ETF 3.8 70 -10 0.6 +0.8
TRFK Pacer Data and Digital Revolution ETF 3.8 60 0 5.1 +5.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.8 30 30 8.9 +9.1
GFOF Grayscale Future of Finance ETF 3.7 70 -10 -2.3 -2.1
BIDS Amplify Digital & Online Trading ETF 3.7 59 1 8.3 +8.4
STCE Schwab Crypto Thematic ETF 3.7 30 30 -4.8 -4.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.5 58 2 -0.3 -0.1
GGRW Gabelli Growth Innovators ETF 3.5 90 -30 3.3 +3.5
SKYY First Trust Cloud Computing ETF 3.5 60 0 3.8 +4.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 3.5 39 21 -0.8 -0.6
VOT Vanguard Mid-Cap Growth Index Fund 3.5 7 53 5.0 +5.2
ISCG iShares Morningstar Small-Cap Growth ETF 3.4 6 54 2.1 +2.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 3.4 95 -35 2.4 +2.6
ILF iShares Latin America 40 ETF 3.4 47 13 7.6 +7.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 3.3 65 -5 4.7 +4.9
FFND Future Fund Active ETF 3.3 101 -41 2.3 +2.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.3 59 1 0.7 +0.8
STXK Strive Small-Cap ETF 3.3 18 42 5.4 +5.6
MILN Global X Millennial Consumer ETF 3.3 50 10 2.7 +2.8
KCE SPDR S&P Capital Markets ETF 3.2 35 25 9.0 +9.2
IBLC iShares Blockchain and Tech ETF 3.2 47 13 -18.8 -18.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 3.2 50 10 3.7 +3.9
KOMP SPDR Kensho New Economies Composite ETF 3.2 20 40 -1.1 -0.9
IGV iShares Expanded Tech-Software ETF 3.2 40 20 4.1 +4.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 3.2 60 0 -20.8 -20.7
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ET 3.2 85 -25 0.9 +1.1
ARKQ Ark Autonomous Tech. & Robotics ETF 3.2 75 -15 1.9 +2.0
XPH SPDR S&P Pharmaceuticals ETF 3.2 35 25 4.5 +4.6
IHE iShares U.S. Pharmaceuticals ETF 3.2 39 21 9.4 +9.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 3.2 60 0 4.9 +5.1
KWEB KraneShares CSI China Internet ETF 3.1 69 -9 -0.4 -0.3
BATT Amplify Lithium & Battery Technology ETF 3.1 59 1 3.7 +3.9
DINT Davis Select International ETF 3.1 64 -4 6.8 +7.0
FFTY Innovator IBD 50 ETF 3.1 80 -20 1.9 +2.1
EMC Global X Emerging Markets Great Consumer ETF 3.1 75 -15 4.1 +4.2
MINV Matthews Asia Innovators Active ETF 3.1 79 -19 1.9 +2.1
ARKX ARK Space Exploration & Innovation ETF 3.0 75 -15 2.0 +2.2
IWP iShares Russell Mid-Cap Growth ETF 3.0 23 37 5.1 +5.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.0 30 30 6.0 +6.1
ODDS Pacer BlueStar Digital Entertainment ETF 2.9 60 0 5.3 +5.5
ACES ALPS Clean Energy ETF 2.9 55 5 -2.5 -2.4
JSML Janus Henderson Small Cap Growth Alpha ETF 2.9 30 30 8.9 +9.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.8 15 45 4.3 +4.5
PBD Invesco Global Clean Energy ETF 2.8 75 -15 -0.7 -0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.8 63 -3 3.6 +3.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.8 57 3 4.9 +5.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.8 35 25 5.1 +5.2
FYC First Trust Small Cap Growth AlphaDEX Fund 2.8 70 -10 2.0 +2.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.7 60 0 2.5 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 2.7 4 56 6.1 +6.3
RNEW VanEck Green Infrastructure ETF 2.7 45 15 1.1 +1.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.7 20 40 5.3 +5.4
TMFX Motley Fool Next Index ETF 2.7 50 10 3.7 +3.9
ERTH Invesco MSCI Sustainable Future ETF 2.6 56 4 4.2 +4.4
IBBQ Invesco Nasdaq Biotechnology ETF 2.6 19 41 1.1 +1.3
XT iShares Exponential Technologies ETF 2.6 46 14 3.5 +3.6
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 2.5 108 -48 2.7 +2.8
ANEW ProShares MSCI Transformational Changes ETF 2.5 45 15 5.5 +5.6
FNX First Trust Mid Cap Core AlphaDEX Fund 2.5 59 1 8.3 +8.5
IMCG iShares Morningstar Mid-Cap Growth ETF 2.5 6 54 5.0 +5.2
CHIR Global X MSCI China Real Estate ETF 2.4 66 -6 24.1 +24.2
MCH Matthews China Active ETF 2.4 79 -19 7.6 +7.7
DAPP VanEck Digital Transformation ETF 2.4 50 10 -74.8 -74.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.4 32 28 6.5 +6.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.4 39 21 4.1 +4.3
GK AdvisorShares Gerber Kawasaki ETF 2.4 81 -21 5.0 +5.2
CBSE Changebridge Capital Sustainable Equity ETF 2.4 85 -25 3.3 +3.5
BTEK BlackRock Future Tech ETF 2.4 88 -28 0.6 +0.8
IPAY ETFMG Prime Mobile Payments ETF 2.4 75 -15 7.7 +7.8
IWO iShares Russell 2000 Growth ETF 2.4 23 37 2.8 +3.0
CACG ClearBridge All Cap Growth ETF 2.4 53 7 3.9 +4.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 2.3 8 52 5.6 +5.8
SIZE iShares MSCI USA Size Factor ETF 2.3 15 45 6.7 +6.8
EQAL Invesco Russell 1000 Equal Weight ETF 2.2 20 40 7.0 +7.1
VTWG Vanguard Russell 2000 Growth Index Fund 2.2 15 45 2.9 +3.1
MAKX ProShares S&P Kensho Smart Factories ETF 2.2 58 2 3.5 +3.7
JCHI JPMorgan Active China ETF 2.2 65 -5 8.0 +8.2
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.2 47 13 -0.8 -0.7
BNE Blue Horizon BNE ETF 2.2 87 -27 3.8 +3.9
EUSA iShares MSCI USA Equal Weighted ETF 2.2 9 51 6.9 +7.0
XRT SPDR S&P Retail ETF 2.2 35 25 4.9 +5.0
ISCB iShares Morningstar Small-Cap ETF 2.2 4 56 5.2 +5.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 2.1 7 53 5.9 +6.0
VO Vanguard Mid-Cap Index Fund 2.1 4 56 6.8 +6.9
DSMC Distillate Small/Mid Cash Flow ETF 2.1 55 5 13.7 +13.8
USVT US Value ETF 2.1 49 11 12.3 +12.4
IHF iShares U.S. Healthcare Providers ETF 2.0 39 21 6.4 +6.6
CZA Invesco Zacks Mid-Cap ETF 2.0 69 -9 7.5 +7.6
VB Vanguard Small-Cap ETF 2.0 5 55 6.1 +6.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 2.0 9 51 4.7 +4.8
BULD Pacer BlueStar Engineering the Future ETF 2.0 60 0 0.1 +0.2
TECB iShares US Tech Breakthrough Multisector ETF 1.9 40 20 4.8 +4.9
IMCB iShares Morningstar Mid-Cap ETF 1.9 4 56 6.9 +7.1
EZM WisdomTree U.S. MidCap Earnings Fund 1.9 38 22 11.3 +11.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.9 8 52 5.3 +5.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.9 4 56 6.9 +7.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.9 18 42 8.4 +8.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.9 61 -1 6.6 +6.8
FBCG Fidelity Blue Chip Growth ETF 1.9 59 1 2.4 +2.5
DTEC ALPS Disruptive Technologies ETF 1.9 50 10 4.1 +4.3
HEET Hartford Schroders ESG US Equity ETF 1.9 39 21 7.0 +7.2
IWR iShares Russell Midcap ETF 1.8 18 42 6.5 +6.6
CARZ First Trust NASDAQ Global Auto Index Fund 1.8 70 -10 5.0 +5.1
GENY Principal Millennials Index ETF 1.8 45 15 7.1 +7.3
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 1.8 60 0 8.8 +9.0
RNMC Mid Cap US Equity Select ETF 1.8 60 0 8.9 +9.1
FDNI First Trust Dow Jones International Internet ETF 1.8 65 -5 2.7 +2.9
IDRV iShares Self-driving EV & Tech ETF 1.8 47 13 1.1 +1.2
LIT Global X Lithium & Battery Tech ETF 1.8 75 -15 4.4 +4.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.8 70 -10 2.9 +3.1
ROCI ROC ETF 1.8 49 11 5.2 +5.4
JHSC John Hancock Multifactor Small Cap ETF 1.8 42 18 7.1 +7.3
SCHA Schwab U.S. Small-Cap ETF 1.8 4 56 5.6 +5.8
CLOU Global X Cloud Computing ETF 1.7 68 -8 2.0 +2.1
BTEC Principal Healthcare Innovators Index ETF 1.7 42 18 -3.5 -3.3
MRAD SmartETFs Advertising & Marketing Technology ETF 1.7 68 -8 4.1 +4.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.7 17 43 5.7 +5.8
FXH First Trust Health Care AlphaDEX Fund 1.7 61 -1 7.2 +7.3
ISRA VanEck Israel ETF 1.7 59 1 9.2 +9.4
QQQN VictoryShares Nasdaq Next 50 ETF 1.7 18 42 6.6 +6.8
FMIL Fidelity New Millennium ETF 1.6 59 1 6.3 +6.5
QGRO American Century STOXX U.S. Quality Growth ETF 1.6 29 31 5.9 +6.0
ARKG ARK Genomic Revolution ETF 1.6 75 -15 -10.7 -10.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -5 2.4 +2.6
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 68 -8 2.9 +3.1
VCR Vanguard Consumer Discretionary Index Fund 1.6 10 50 5.2 +5.3
IYW iShares U.S. Technology ETF 1.6 39 21 5.2 +5.4
WLDR Affinity World Leaders Equity ETF 1.6 67 -7 9.6 +9.8
IWM iShares Russell 2000 ETF 1.6 19 41 4.5 +4.6
WGRO WisdomTree U.S. Growth & Momentum Fund 1.6 55 5 7.3 +7.5
CLNR IQ Cleaner Transport ETF 1.6 45 15 6.6 +6.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 1.5 18 42 5.7 +5.9
VFMO Vanguard U.S. Momentum Factor ETF 1.5 13 47 4.1 +4.2
VTWO Vanguard Russell 2000 Index Fund 1.5 10 50 4.4 +4.6
STLV iShares Factors US Value Style ETF 1.5 25 35 10.7 +10.9
CGXU Capital Group International Focus Equity ETF 1.5 54 6 4.4 +4.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.5 49 11 3.9 +4.0
AIVL WisdomTree U.S. AI Enhanced Value Fund 1.5 38 22 7.4 +7.5
IYC iShares U.S. Consumer Services ETF 1.5 39 21 4.0 +4.1
FSMD Fidelity Small-Mid Factor ETF 1.5 29 31 8.2 +8.4
FLDZ RiverNorth Volition America Patriot ETF 1.5 70 -10 6.9 +7.0
BFOR Barron's 400 ETF 1.5 65 -5 9.1 +9.2
VOX Vanguard Telecommunication Services Index Fund 1.5 10 50 5.6 +5.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.5 9 51 6.9 +7.1
EQUL IQ Engender Equality ETF 1.4 45 15 7.5 +7.6
SOXQ Invesco PHLX Semiconductor ETF 1.4 19 41 6.4 +6.5
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 56 6.5 +6.7
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.4 45 15 0.7 +0.8
SANE Subversive Mental Health ETF 1.4 75 -15 5.8 +6.0
BFIT Global X Health & Wellness ETF 1.4 50 10 5.6 +5.8
FQAL Fidelity Quality Factor ETF 1.4 29 31 7.0 +7.1
FTEC Fidelity MSCI Information Technology Index ETF 1.4 8 52 5.3 +5.5
IGM iShares Expanded Tech Sector ETF 1.3 40 20 4.9 +5.0
MEDI Harbor Health Care ETF 1.3 80 -20 1.2 +1.4
IBB iShares NASDAQ Biotechnology ETF 1.3 44 16 0.7 +0.8
QDEF FlexShares Quality Dividend Defensive Index Fund 1.3 37 23 7.5 +7.7
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.3 64 -4 8.0 +8.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.3 25 35 9.9 +10.0
SMMD iShares Russell 2500 ETF 1.3 15 45 6.3 +6.5
FTC First Trust Large Cap Growth AlphaDEX Fund 1.3 59 1 4.7 +4.9
IAI iShares U.S. Broker-Dealers ETF 1.3 39 21 8.8 +8.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.3 61 -1 7.9 +8.0
EES WisdomTree SmallCap Earnings Fund 1.3 38 22 12.4 +12.5
SFY SoFi Select 500 ETF 1.2 0 60 5.8 +5.9
ERSX ERShares NextGen Entrepreneurs ETF 1.2 75 -15 6.6 +6.8
FLRG Fidelity U.S. Multifactor ETF 1.2 29 31 8.0 +8.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 1.2 21 39 4.1 +4.2
VFQY Vanguard U.S. Quality Factor ETF 1.2 13 47 8.3 +8.4
XHS SPDR S&P Health Care Services ETF 1.2 35 25 0.2 +0.4
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.2 65 -5 5.8 +5.9
IETC iShares Evolved U.S. Technology ETF 1.2 18 42 5.1 +5.3
CGGR Capital Group Growth ETF 1.2 39 21 4.0 +4.1
EKG First Trust Nasdaq Lux Digital Health Solutions ETF 1.2 65 -5 -0.7 -0.6
EDOC Global X Telemedicine & Digital Health ETF 1.2 68 -8 -6.8 -6.6
DWLD Davis Select Worldwide ETF 1.2 62 -2 7.9 +8.0
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 -1 8.2 +8.3
FUNL CornerCap Fundametrics Large-Cap ETF 1.2 50 10 8.7 +8.8
IWS iShares Russell Mid-Cap Value ETF 1.2 23 37 7.6 +7.7
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 9.1 +9.2
CLRG IQ Chaikin U.S. Large Cap ETF 1.2 25 35 7.2 +7.3
XSHQ Invesco S&P SmallCap Quality ETF 1.1 29 31 11.7 +11.9
XSMO Invesco S&P SmallCap Momentum ETF 1.1 39 21 6.5 +6.6
CTEC Global X CleanTech ETF 1.1 50 10 2.5 +2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 1 3.6 +3.8
NZRO Strategy Shares Halt Climate Change ETF 1.1 95 -35 1.8 +2.0
NUSC Nuveen ESG Small-Cap ETF 1.1 30 30 5.6 +5.7
DFSU Dimensional US Sustainability Core 1 ETF 1.1 18 42 6.8 +6.9
TPSC Timothy Plan US Small Cap Core ETF 1.1 52 8 8.7 +8.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.1 85 -25 5.9 +6.1
IVES Wedbush ETFMG Global Cloud Technology ETF 1.1 68 -8 3.4 +3.6
NTZG Nuveen Global Net Zero Transition ETF 1.1 55 5 5.5 +5.7
DON WisdomTree U.S. MidCap Dividend Fund 1.0 38 22 9.8 +10.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 1.0 35 25 8.6 +8.7
BBP BioShares Biotechnology Products Fund 1.0 79 -19 -3.8 -3.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 -10 5.3 +5.4
RFFC RiverFront Dynamic US Flex-Cap ETF 1.0 52 8 7.4 +7.5
VIRS Pacer BioThreat Strategy ETF 1.0 70 -10 6.9 +7.0
DFAS Dimensional U.S. Small Cap ETF 1.0 28 32 6.9 +7.1
GERM ETFMG Treatments Testing and Advancements ETF 1.0 68 -8 -9.2 -9.0
GVLU Gotham 1000 Value ETF 1.0 50 10 10.8 +11.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 1.0 60 0 5.4 +5.6
PSC Principal U.S. Small Cap Index ETF 1.0 38 22 8.5 +8.7
VUG Vanguard Growth Index Fund 1.0 4 56 4.8 +5.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.0 30 30 5.1 +5.2
BMED BlackRock Future Health ETF 1.0 85 -25 1.9 +2.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 1.0 35 25 8.5 +8.6
MCHI iShares MSCI China ETF 1.0 57 3 10.5 +10.6
SBIO ALPS Medical Breakthroughs ETF 1.0 50 10 -1.4 -1.3
XBI SPDR S&P BIOTECH ETF 1.0 35 25 0.0 +0.2
ESGV Vanguard ESG U.S. Stock ETF 1.0 9 51 5.8 +6.0
CSML IQ Chaikin U.S. Small Cap ETF 1.0 35 25 6.6 +6.7
LCF Touchstone US Large Cap Focused ETF 1.0 69 -9 5.0 +5.2
IWF iShares Russell 1000 Growth ETF 1.0 18 42 5.3 +5.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.0 39 21 7.6 +7.7
ILCG iShares Morningstar Growth ETF 1.0 4 56 4.8 +5.0
VONG Vanguard Russell 1000 Growth Index Fund 1.0 8 52 5.4 +5.6
STXG Strive 1000 Growth ETF 0.9 18 42 5.2 +5.4
VEGN US Vegan Climate ETF 0.9 60 0 5.5 +5.6
LRND IQ U.S. Large Cap R&D Leaders ETF 0.9 14 46 6.2 +6.3
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -20 10.6 +10.8
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.9 79 -19 0.0 +0.2
GSFP Goldman Sachs Future Planet Equity ETF 0.9 75 -15 3.9 +4.0
ICLN iShares Global Clean Energy ETF 0.9 40 20 3.4 +3.5
AIRR First Trust RBA American Industrial Renaissance ETF 0.9 70 -10 6.5 +6.7
CNRG SPDR S&P Kensho Clean Power ETF 0.9 45 15 2.7 +2.8
RAYS Global X Solar ETF 0.9 50 10 3.6 +3.8
FRNW Fidelity Clean Energy ETF 0.9 39 21 2.0 +2.1
TAN Invesco Solar ETF 0.9 69 -9 4.2 +4.3
QVAL Alpha Architect U.S. Quantitative Value ETF 0.9 49 11 14.2 +14.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 0.9 29 31 13.0 +13.1
DVLU First Trust Dorsey Wright Momentum & Value ETF 0.9 60 0 9.9 +10.0
PPA Invesco Aerospace & Defense ETF 0.9 61 -1 4.6 +4.8
GXC SPDR S&P China ETF 0.9 59 1 10.5 +10.6
PTH Invesco DWA Healthcare Momentum ETF 0.9 60 0 -2.9 -2.8
VGT Vanguard Information Technology Index Fund 0.9 10 50 5.3 +5.5
HAPI Harbor Corporate Culture ETF 0.9 36 24 5.6 +5.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.9 40 20 4.5 +4.6
USMF WisdomTree U.S. Multifactor Fund 0.9 28 32 8.5 +8.7
TMFC Motley Fool 100 Index ETF 0.9 50 10 4.5 +4.7
OALC OneAscent Large Cap Core ETF 0.9 76 -16 6.4 +6.6
FDWM Fidelity Women's Leadership ETF 0.9 59 1 5.9 +6.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.9 56 4 5.1 +5.2
SNSR Global X Internet of Things Thematic ETF 0.9 68 -8 4.5 +4.7
AFSM First Trust Active Factor Small Cap ETF 0.9 75 -15 10.1 +10.2
EDUT Global X Education ETF 0.9 50 10 2.4 +2.6
PBS Invesco Dynamic Media ETF 0.9 63 -3 7.0 +7.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 45 9.2 +9.3
FDHT Fidelity Digital Health ETF 0.9 39 21 0.2 +0.4
JFWD Jacob Forward ETF 0.9 75 -15 -12.0 -11.9
FSST Fidelity Sustainability U.S. Equity ETF 0.9 59 1 5.8 +5.9
HELX Franklin Genomic Advancements ETF 0.9 50 10 2.0 +2.1
VOE Vanguard Mid-Cap Value Index Fund 0.8 7 53 8.6 +8.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.8 60 0 10.1 +10.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.8 24 36 9.3 +9.5
QDF FlexShares Quality Dividend Index Fund 0.8 37 23 8.0 +8.1
CNCR Loncar Cancer Immunotherapy ETF 0.8 79 -19 -2.3 -2.2
KURE KraneShares MSCI All China Health Care Index ETF 0.8 65 -5 3.2 +3.3
CHIH Global X MSCI China Health Care ETF 0.8 65 -5 2.8 +2.9
CHNA Loncar China BioPharma ETF 0.8 79 -19 -6.3 -6.1
KMED KraneShares Emerging Markets Healthcare Index ETF 0.8 81 -21 2.8 +2.9
QGRW WisdomTree U.S. Quality Growth Fund 0.8 28 32 5.2 +5.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.8 68 -8 4.4 +4.6
RVRB Reverb ETF 0.8 30 30 5.9 +6.0
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 54 8.5 +8.6
BPAY BlackRock Future Financial and Technology ETF 0.8 70 -10 10.1 +10.2
JIG JPMorgan International Growth ETF 0.8 55 5 4.8 +4.9
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.8 15 45 6.2 +6.4
EIS iShares MSCI Israel ETF 0.8 57 3 12.0 +12.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.8 25 35 6.6 +6.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.8 10 50 6.3 +6.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 0.8 37 23 8.7 +8.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.8 30 30 8.9 +9.0
DWAS Invesco DWA SmallCap Momentum ETF 0.8 60 0 2.8 +3.0
EQOP Natixis U.S. Equity Opportunities ETF 0.8 85 -25 5.7 +5.9
AIQ Global X Future Analytics Tech ETF 0.8 68 -8 4.7 +4.9
IWV iShares Russell 3000 ETF 0.7 20 40 5.7 +5.9
NULG Nuveen ESG Large-Cap Growth ETF 0.7 25 35 4.9 +5.1
VTI Vanguard Total Stock Market Index Fund 0.7 3 57 5.8 +6.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.7 3 57 5.9 +6.0
VTHR Vanguard Russell 3000 Index Fund 0.7 10 50 5.8 +6.0
AVES Avantis Emerging Markets Value ETF 0.7 36 24 14.6 +14.7
FLCH Franklin FTSE China ETF 0.7 19 41 10.7 +10.9
IWN iShares Russell 2000 Value ETF 0.7 23 37 6.3 +6.5
AFMC First Trust Active Factor Mid Cap ETF 0.7 65 -5 9.8 +9.9
IYY iShares Dow Jones U.S. ETF 0.7 20 40 5.9 +6.0
JGRO JPMorgan Active Growth ETF 0.7 44 16 4.2 +4.4
IZRL ARK Israel Innovative Technology ETF 0.7 49 11 -0.0 +0.1
ITEQ BlueStar Israel Technology ETF 0.7 75 -15 2.2 +2.4
VTWV Vanguard Russell 2000 Value Index Fund 0.7 15 45 6.1 +6.3
JHMM John Hancock Multifactor Mid Cap ETF 0.7 41 19 7.7 +7.9
BOUT Innovator IBD Breakout Opportunities ETF 0.7 80 -20 2.7 +2.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.7 40 20 8.2 +8.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.7 35 25 8.9 +9.0
TMFS Motley Fool Small Cap Growth ETF 0.7 85 -25 2.9 +3.0
GDOC Goldman Sachs Future Health Care Equity ETF 0.7 75 -15 1.6 +1.8
XHE SPDR S&P Health Care Equipment ETF 0.7 35 25 0.5 +0.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.7 60 0 6.2 +6.4
IWB iShares Russell 1000 ETF 0.7 15 45 5.9 +6.1
VONE Vanguard Russell 1000 ETF 0.7 8 52 6.0 +6.1
TCHI iShares MSCI China Multisector Tech ETF 0.7 59 1 4.6 +4.7
SCHB Schwab U.S. Broad Market ETF 0.7 3 57 6.0 +6.1
PEJ Invesco Dynamic Leisure & Entertainment ETF 0.7 55 5 3.4 +3.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.7 10 50 5.6 +5.7
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.7 65 -5 7.2 +7.4
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 40 5.5 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 40 7.9 +8.0
VAMO Cambria Value & Momentum ETF 0.7 64 -4 12.4 +12.5
HOMZ Hoya Capital Housing ETF 0.7 30 30 9.5 +9.6
RYJ Invesco Raymond James SB-1 Equity ETF 0.7 81 -21 5.4 +5.5
DFAU Dimensional US Core Equity Market ETF 0.7 12 48 6.2 +6.4
EBIZ Global X E-Commerce ETF 0.7 50 10 0.8 +0.9
CIRC JPMorgan Sustainable Consumption ETF 0.7 49 11 5.6 +5.8
TTAC TrimTabs US Free Cash Flow Quality ETF 0.7 59 1 7.0 +7.1
IFRA iShares U.S. Infrastructure ETF 0.7 30 30 6.3 +6.5
QQQ Invesco QQQ Trust 0.6 20 40 5.1 +5.2
QQQM Invesco NASDAQ 100 ETF 0.6 15 45 5.4 +5.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 48 6.7 +6.9
SCHK Schwab 1000 Index ETF 0.6 5 55 6.0 +6.2
DFSV Dimensional US Small Cap Value ETF 0.6 31 29 9.5 +9.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 49 6.0 +6.1
ILCB iShares Morningstar U.S. Equity ETF 0.6 3 57 6.0 +6.2
AVEM Avantis Emerging Markets Equity ETF 0.6 33 27 9.9 +10.1
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 50 5.9 +6.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.6 2 58 6.0 +6.2
FHLC Fidelity MSCI Health Care Index ETF 0.6 8 52 6.7 +6.9
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 45 7.0 +7.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 15 45 7.0 +7.1
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 42 7.0 +7.1
XSD SPDR S&P Semiconductor ETF 0.6 35 25 6.5 +6.7
PTF Invesco DWA Technology Momentum ETF 0.6 60 0 1.5 +1.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 -20 9.2 +9.3
PSI Invesco Dynamic Semiconductors ETF 0.6 56 4 6.4 +6.6
SCHX Schwab U.S. Large-Cap ETF 0.6 3 57 6.0 +6.2
AVUV Avantis U.S. Small Cap Value ETF 0.6 25 35 11.2 +11.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.6 19 41 8.5 +8.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.6 15 45 8.3 +8.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 48 8.5 +8.6
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.6 15 45 8.4 +8.5
PBUS Invesco PureBeta MSCI USA ETF 0.6 4 56 6.0 +6.2
VV Vanguard Large-Cap Index Fund 0.6 4 56 6.0 +6.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 39 21 12.0 +12.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.6 19 41 6.8 +6.9
AGNG Global X Aging Population ETF 0.6 50 10 4.1 +4.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.6 7 53 5.9 +6.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.6 25 35 6.6 +6.7
SQLV Legg Mason Small-Cap Quality Value 0.6 61 -1 11.3 +11.5
IQM Franklin Intelligent Machines ETF 0.6 50 10 3.6 +3.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 45 12.8 +12.9
CN Xtrackers MSCI All China Equity ETF 0.6 50 10 11.3 +11.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 1 7.4 +7.5
VOTE Engine No. 1 Transform 500 ETF 0.6 5 55 6.0 +6.1
BKF iShares MSCI BRIC ETF 0.6 70 -10 8.5 +8.7
LCLG Logan Capital Broad Innovative Growth ETF 0.6 99 -39 6.1 +6.3
STRV Strive 500 ETF 0.6 5 55 6.0 +6.1
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -29 6.3 +6.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 10 50 8.1 +8.3
AVUS Avantis U.S. Equity ETF 0.6 15 45 7.1 +7.3
SMDY Syntax Stratified MidCap ETF 0.6 35 25 8.1 +8.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.6 5 55 8.2 +8.4
IJR iShares Core S&P Small Cap ETF 0.6 6 54 8.1 +8.3
SLY SPDR S&P 600 Small Cap ETF 0.6 15 45 8.1 +8.2
VHT Vanguard Health Care Index Fund 0.5 10 50 6.8 +7.0
IWY iShares Russell Top 200 Growth ETF 0.5 20 40 5.4 +5.5
MGK Vanguard Mega Cap Growth ETF 0.5 7 53 4.8 +5.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.5 39 21 10.5 +10.7
KESG KraneShares MSCI China ESG Leaders Index ETF 0.5 59 1 12.2 +12.3
SXQG 6 Meridian Quality Growth ETF 0.5 100 -40 5.2 +5.3
TPLC Timothy Plan US Large Cap Core ETF 0.5 52 8 6.7 +6.8
HART IQ Healthy Hearts ETF 0.5 45 15 6.2 +6.3
VT Vanguard Total World Stock ETF 0.5 7 53 6.7 +6.8
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -5 7.5 +7.6
DFUS Dimensional U.S. Equity ETF 0.5 11 49 6.0 +6.1
SPEM SPDR Portfolio Emerging Markets ETF 0.5 11 49 8.1 +8.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 24 7.9 +8.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 35 25 7.6 +7.8
FTXL First Trust Nasdaq Semiconductor ETF 0.5 60 0 7.5 +7.6
ITB iShares U.S. Home Construction ETF 0.5 39 21 12.8 +12.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 28 6.5 +6.7
VNMC Natixis Vaughan Nelson Mid Cap ETF 0.5 85 -25 6.5 +6.7
VFMF Vanguard U.S. Multifactor ETF 0.5 18 42 10.1 +10.2
IDAT iShares Cloud 5G and Tech ETF 0.5 47 13 6.0 +6.1
WRND IQ Global Equity R&D Leaders ETF 0.5 18 42 7.5 +7.6
ROSC Hartford Multifactor Small Cap ETF 0.5 34 26 11.5 +11.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.5 10 50 5.6 +5.8
IYH iShares U.S. Healthcare ETF 0.5 39 21 7.6 +7.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 15 45 9.3 +9.4
IJS iShares S&P Small-cap 600 Value ETF 0.5 18 42 9.3 +9.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 45 9.2 +9.4
CGW Invesco S&P Global Water Index ETF 0.5 57 3 4.7 +4.9
EBLU Ecofin Global Water ESG Fund 0.5 40 20 4.3 +4.5
SSPX Janus Henderson U.S. Sustainable Equity ETF 0.5 55 5 4.2 +4.4
FIW First Trust Water ETF 0.5 53 7 4.5 +4.6
AQWA Global X Clean Water ETF 0.5 50 10 4.8 +4.9
CHIC Global X MSCI China Communication Services ETF 0.5 65 -5 -3.4 -3.2
AVSC Avantis U.S Small Cap Equity ETF 0.5 25 35 5.3 +5.5
DFAT Dimensional U.S. Targeted Value ETF 0.5 29 31 9.5 +9.7
SHOC Strive U.S. Semiconductor ETF 0.5 40 20 6.3 +6.4
EMM Global X Emerging Markets ETF 0.5 75 -15 3.9 +4.1
IYG iShares US Financial Services ETF 0.4 39 21 7.8 +8.0
ESGU iShares MSCI USA ESG Optimized ETF 0.4 15 45 6.0 +6.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 51 6.5 +6.7
KALL KraneShares MSCI All China Index ETF 0.4 48 12 10.7 +10.9
XMMO Invesco S&P MidCap Momentum ETF 0.4 33 27 6.7 +6.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 45 15 13.3 +13.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 42 9.0 +9.1
TOK iShares MSCI Kokusai ETF 0.4 25 35 6.3 +6.5
SUSA iShares MSCI USA ESG Select ETF 0.4 25 35 6.2 +6.3
IYF iShares U.S. Financials ETF 0.4 39 21 8.1 +8.2
VBR Vanguard Small Cap Value Index Fund 0.4 7 53 9.2 +9.3
ETHO Etho Climate Leadership U.S. ETF 0.4 47 13 5.4 +5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 1 11.2 +11.4
COWZ Pacer US Cash Cows 100 ETF 0.4 49 11 11.8 +11.9
URTH iShares MSCI World ETF 0.4 24 36 6.5 +6.6
IWD iShares Russell 1000 Value ETF 0.4 18 42 7.5 +7.6
VONV Vanguard Russell 1000 Value Index Fund 0.4 8 52 7.6 +7.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.4 7 53 5.9 +6.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.4 35 25 7.2 +7.3
ACWI iShares MSCI ACWI ETF 0.4 32 28 6.5 +6.7
FIDU Fidelity MSCI Industrials Index ETF 0.4 8 52 5.9 +6.0
GBUY Goldman Sachs Future Consumer Equity ETF 0.4 75 -15 3.0 +3.1
SOCL Global X Social Media ETF 0.4 65 -5 -6.0 -5.8
PKW Invesco Buyback Achievers ETF 0.4 64 -4 9.8 +9.9
SDG iShares Sustainable MSCI Global Impact ETF 0.4 49 11 6.7 +6.8
FCPI Fidelity Stocks for Inflation ETF 0.4 29 31 9.6 +9.8
JQUA JPMorgan U.S. Quality Factor ETF 0.4 12 48 6.7 +6.9
FNCL Fidelity MSCI Financials Index ETF 0.4 8 52 8.8 +8.9
IHAK iShares Cybersecurity & Tech ETF 0.4 47 13 4.1 +4.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 15 45 4.9 +5.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 50 10 7.5 +7.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.4 75 -15 6.6 +6.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 40 8.9 +9.1
HKND Humankind US Stock ETF 0.4 11 49 7.4 +7.6
HDUS Hartford Disciplined US Equity ETF 0.4 19 41 7.1 +7.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 43 7.2 +7.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 45 7.3 +7.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 15 45 7.2 +7.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 40 6.8 +7.0
GDEF Goldman Sachs Defensive Equity ETF 0.4 55 5 5.2 +5.4
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 48 9.7 +9.8
SYNB Putnam BioRevolution ETF 0.3 70 -10 3.4 +3.5
BTHM BlackRock Future U.S. Themes ETF 0.3 60 0 6.2 +6.3
PWC Invesco Dynamic Market ETF 0.3 60 0 7.6 +7.8
IVEG iShares Emergent Food and AgTech Multisector ETF 0.3 47 13 8.9 +9.1
VIS Vanguard Industrials Index Fund 0.3 10 50 5.6 +5.7
MDY SPDR S&P Midcap 400 ETF Trust 0.3 22 38 8.2 +8.3
FPXI First Trust International Equity Opportunities ETF 0.3 70 -10 5.6 +5.7
CHIQ Global X MSCI China Consumer ETF 0.3 65 -5 4.5 +4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 69 -9 7.1 +7.3
IJH iShares Core S&P Mid-Cap ETF 0.3 5 55 8.4 +8.5
IWL iShares Russell Top 200 ETF 0.3 15 45 5.7 +5.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 50 8.3 +8.4
SPMD SPDR Portfolio Mid Cap ETF 0.3 5 55 8.3 +8.5
VDC Vanguard Consumer Staples Index Fund 0.3 10 50 6.1 +6.2
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 56 7.6 +7.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.3 68 -8 -0.9 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 60 5.9 +6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 51 6.4 +6.6
WCEO Hypatia Women CEO ETF 0.3 85 -25 5.8 +6.0
LRGF iShares Edge MSCI Multifactor USA ETF 0.3 8 52 7.1 +7.2
MGC Vanguard Mega Cap Index Fund 0.3 7 53 5.8 +5.9
DFUV Dimensional US Marketwide Value ETF 0.3 23 37 8.9 +9.0
VDNI V-Shares US Leadership Diversity ETF 0.3 29 31 6.3 +6.4
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 40 6.0 +6.1
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 35 6.9 +7.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 -6 7.7 +7.9
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 45 9.5 +9.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 15 45 9.5 +9.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 48 8.3 +8.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 42 9.4 +9.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 11 7.5 +7.7
EEM iShares MSCI Emerging Markets ETF 0.3 68 -8 7.8 +7.9
JEMA JPMorgan Emerging Markets Equity Core ETF 0.3 39 21 7.4 +7.6
BOAT SonicShares Global Shipping ETF 0.3 69 -9 20.5 +20.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 0.3 39 21 17.9 +18.1
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 0 32.9 +33.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 78 -18 11.2 +11.3
VIDI Vident International Equity Fund 0.3 61 -1 11.9 +12.1
RODE Hartford Multifactor Diversified International ETF 0.3 29 31 13.0 +13.1
IHI iShares U.S. Medical Devices ETF 0.3 39 21 4.6 +4.7
AVDV Avantis International Small Cap Value ETF 0.3 36 24 9.6 +9.7
SSLY Syntax Stratified SmallCap ETF 0.3 35 25 7.2 +7.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 46 6.1 +6.2
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 44 8.7 +8.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.3 16 44 8.3 +8.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.3 36 24 8.9 +9.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.3 75 -15 4.9 +5.1
XPND First Trust Expanded Technology ETF 0.3 65 -5 5.6 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 51 8.1 +8.2
VFH Vanguard Financials Index Fund 0.2 10 50 8.8 +8.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.2 17 43 8.4 +8.6
IYJ iShares U.S. Industrials ETF 0.2 39 21 5.8 +6.0
IYK iShares U.S. Consumer Goods ETF 0.2 39 21 6.5 +6.6
ILCV iShares Morningstar Value ETF 0.2 4 56 7.7 +7.9
RAYE Rayliant Quantamental Emerging Market Equity ETF 0.2 80 -20 13.3 +13.5
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 0.2 39 21 6.2 +6.4
TEMP JPMorgan Climate Change Solutions ETF 0.2 49 11 4.4 +4.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 41 7.9 +8.0
CHIX Global X MSCI China Financials ETF 0.2 65 -5 24.1 +24.2
SDIV Global X SuperDividend ETF 0.2 58 2 20.4 +20.5
VLUE iShares MSCI USA Value Factor ETF 0.2 15 45 12.0 +12.1
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 21 7.8 +7.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 30 8.2 +8.4
EATZ AdvisorShares Restaurant ETF 0.2 99 -39 17.6 +17.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 50 10 13.4 +13.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -5 6.9 +7.1
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 6.5 +6.7
PSCH Invesco S&P SmallCap Health Care ETF 0.2 29 31 3.1 +3.2
IBRN iShares Neuroscience and Healthcare ETF 0.2 47 13 -2.8 -2.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 40 8.5 +8.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 52 8.2 +8.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 49 8.2 +8.3
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.2 20 40 6.7 +6.9
VALQ American Century STOXX U.S. Quality Value ETF 0.2 29 31 10.0 +10.2
EPS WisdomTree U.S. Earnings 500 Fund 0.2 8 52 7.5 +7.6
IQSU IQ Candriam ESG US Equity ETF 0.2 9 51 5.6 +5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.2 63 -3 4.7 +4.8
ENRG SoFi Smart Energy ETF 0.2 59 1 -1.6 -1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 45 8.9 +9.0
IXG iShares Global Financials ETF 0.2 40 20 8.8 +8.9
NULC Nuveen ESG Large-Cap ETF 0.2 20 40 6.4 +6.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 45 8.4 +8.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 48 8.2 +8.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 40 5.8 +6.0
RESP WisdomTree US ESG Fund of Benef Interest 0.2 28 32 7.2 +7.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 31 8.3 +8.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 45 5.7 +5.8
LRGE ClearBridge Large Cap Growth ESG ETF 0.2 59 1 3.6 +3.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 31 9.9 +10.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 35 7.9 +8.0
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 45 9.1 +9.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 48 6.2 +6.4
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.2 45 15 9.5 +9.7
VUSE Vident Core US Equity Fund 0.2 50 10 7.4 +7.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 4 56 7.3 +7.5
REVS Columbia Research Enhanced Value ETF 0.2 19 41 9.1 +9.3
STXV Strive 1000 Value ETF 0.2 18 42 8.7 +8.8
PAWZ ProShares Pet Care ETF 0.2 50 10 2.9 +3.1
HLGE Hartford Longevity Economy ETF 0.1 44 16 8.8 +8.9
ROUS Hartford Multifactor US Equity ETF 0.1 19 41 8.6 +8.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 11 8.8 +8.9
VYM Vanguard High Dividend Yield Index ETF 0.1 6 54 8.4 +8.6
ISZE iShares Edge MSCI Intl Size Factor ETF 0.1 30 30 7.0 +7.1
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.1 52 8 6.5 +6.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 8.3 +8.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.1 12 48 7.6 +7.7
SHPP Pacer Industrials and Logistics ETF 0.1 60 0 11.2 +11.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 7.2 +7.3
GLOF iShares Global Equity Factor ETF 0.1 20 40 8.7 +8.9
VTV Vanguard Value Index Fund 0.1 4 56 8.0 +8.2
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 0.1 15 45 7.3 +7.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 7 53 7.9 +8.0
LDEM iShares ESG MSCI EM Leaders ETF 0.1 16 44 8.9 +9.1
QINT American Century Quality Diversified International ETF 0.1 39 21 9.1 +9.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 40 8.1 +8.3
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 33 10.3 +10.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 42 8.0 +8.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.1 20 40 6.3 +6.5
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 43 6.3 +6.5
RSX VanEck Russia ETF 0.1 70 -10 0.0 +0.2
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 35 8.4 +8.6
DTD WisdomTree U.S.Total Dividend Fund 0.1 28 32 7.6 +7.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 15 5.0 +5.1
AFLG First Trust Active Factor Large Cap ETF 0.1 55 5 7.5 +7.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 21 10.0 +10.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.1 35 25 7.3 +7.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -15 5.7 +5.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 35 7.8 +7.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 19 7.7 +7.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 28 7.7 +7.8
IXUS ishares Core MSCI Total International Stock ETF 0.1 7 53 7.6 +7.8
RESE WisdomTree Emerging Markets ESG Fund 0.1 32 28 8.4 +8.6
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 45 7.8 +8.0
IUS Invesco Strategic US ETF 0.1 19 41 7.5 +7.7
NUMV Nuveen ESG Mid-Cap Value ETF 0.1 30 30 9.4 +9.6
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 50 6.1 +6.2
RECS Columbia Research Enhanced Core ETF 0.1 15 45 7.1 +7.3
DSI iShares MSCI KLD 400 Social ETF 0.1 25 35 6.0 +6.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 50 6.1 +6.2
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 6.7 +6.9
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -15 6.3 +6.4
VSGX Vanguard ESG International Stock ETF 0.1 12 48 7.4 +7.6
VFVA Vanguard U.S. Value Factor ETF 0.1 13 47 12.0 +12.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 25 8.7 +8.8
VFMV Vanguard U.S. Minimum Volatility ETF 0.1 13 47 6.5 +6.6
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 40 10.8 +11.0
IEZ iShares U.S. Oil Equipment & Services ETF 0.1 39 21 1.6 +1.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 0.1 35 25 -1.7 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 30 9.7 +9.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 51 6.8 +7.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.1 25 35 7.7 +7.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 51 9 11.0 +11.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 30 7.8 +8.0
DWMF WisdomTree International Multifactor Fund 0.1 38 22 8.7 +8.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 39 21 6.3 +6.5
HLAL Wahed FTSE USA Shariah ETF 0.1 50 10 5.6 +5.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.1 35 25 7.4 +7.5
VXUS Vanguard Total International Stock ETF 0.1 7 53 7.7 +7.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 40 7.7 +7.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.0 39 21 13.0 +13.2
EFG iShares MSCI EAFE Growth ETF 0.0 35 25 4.9 +5.1
AVDE Avantis International Equity ETF 0.0 23 37 9.0 +9.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 15 9.2 +9.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 35 8.5 +8.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 48 6.0 +6.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.0 28 32 6.6 +6.8
AVIV Avantis International Large Cap Value ETF 0.0 25 35 9.9 +10.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 48 8.5 +8.6
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 57 6.3 +6.5
IWX iShares Russell Top 200 Value ETF 0.0 20 40 7.4 +7.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 53 7.5 +7.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 21 8.4 +8.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 31 6.1 +6.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 35 25 7.5 +7.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 56 7.5 +7.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 40 7.3 +7.4
EFA iShares MSCI EAFE ETF 0.0 32 28 7.4 +7.5
IUSG iShares Core S&P US Growth ETF 0.0 4 56 6.2 +6.3
VDE Vanguard Energy Index Fund 0.0 10 50 7.3 +7.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.0 25 35 7.8 +8.0
IUSV iShares Core S&P U.S. Value ETF 0.0 4 56 6.9 +7.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 7.1 +7.3
FENY Fidelity MSCI Energy Index ETF 0.0 8 52 7.4 +7.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 19 10.6 +10.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 39 21 9.4 +9.5
DIVB iShares Core Dividend 0.0 5 55 8.9 +9.1
DFLV Dimensional US Large Cap Value ETF 0.0 22 38 9.3 +9.5
FSTA Fidelity MSCI Consumer Staples Index ETF 0.0 8 52 6.0 +6.2
VYMI Vanguard International High Dividend Yield ETF 0.0 22 38 11.1 +11.2
DUHP Dimensional US High Profitability ETF 0.0 22 38 8.4 +8.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 31 29 8.6 +8.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 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 1.8 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score -0.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.