Renaissance IPO ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 27.9x P/Sales
ratio		 4.3x
P/BV
ratio		 5.0x Div.
yield		 0.8%


  • 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) $148
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 32
Wgt avg mkt cap (mns) $26,185
Large cap (>$10bn) 61.3%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 0.0%
Developed mkts 86.9%
Emerging mkts 13.1%

TOP TEN HOLDINGS
CREDO TECHNOLOGY GROUP HOLDING LTD 14.7 %
ARM HOLDINGS PLC 10.7 %
KENVUE, INC. 9.9 %
NEXTRACKER, INC. CLASS A 8.2 %
KASPI.KZ JSC SPONSORED GDR REGS 6.0 %
COREBRIDGE FINANCIAL INC 5.8 %
REDDIT INC-CL A 5.5 %
ASTERA LABS INC 5.3 %
CAVA GROUP INC 4.6 %
MAPLEBEAR INC 4.2 %
Total 74.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 60.5 %
BRITAIN 10.7 %
KAZAKHSTAN 6.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 0.2% -6.5% 8.2% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.42 71%
MSCI EAFE 1.29 42%
MSCI Emg. Mkts. 1.30 48%

Technical Indicators
Recent close $46.83
30d moving avg. $45.75
Annualized volatility 27.5%
Short interest (ETF) 5.6%
Short interest (Underlying) 6.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 60
Turnover 1.9%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $1,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 441 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™: 3.3%


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
(%)
SPRX Spear Alpha ETF 13.4 75 -15 -0.3 -3.6
NBDS Neuberger Berman Disrupters ETF 9.2 55 5 0.8 -2.5
TAN Invesco Solar ETF 8.2 67 -7 5.7 +2.4
FPX First Trust US Equity Opportunities ETF 7.5 61 -1 0.9 -2.4
LOUP Innovator Deepwater Frontier Tech ETF 7.4 70 -10 1.0 -2.3
SMHX VanEck Fabless Semiconductor ETF 6.7 35 25 3.3 0.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.6 45 15 2.6 -0.7
FPXI First Trust International Equity Opportunities ETF 6.4 70 -10 4.4 +1.1
CTEC Global X CleanTech ETF 6.3 50 10 0.8 -2.6
TMAT Main Thematic Innovation ETF 6.1 164 -104 -1.5 -4.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.0 70 -10 3.8 +0.5
ICLN iShares Global Clean Energy ETF 5.8 41 19 3.2 -0.1
CHPX Global X AI Semiconductor & Quantum ETF 5.7 50 10 3.5 +0.1
FRNW Fidelity Clean Energy ETF 5.7 39 21 2.3 -1.0
VCLN Virtus Duff & Phelps Clean Energy ETF 5.6 59 1 4.1 +0.8
ASCE Allspring SMID Core ETF 5.5 38 22 9.1 +5.8
SOCL Global X Social Media ETF 5.5 65 -5 11.1 +7.8
ACES ALPS Clean Energy ETF 5.4 55 5 -2.5 -5.8
WAR U.S. Global Tech and Aerospace & Defense ETF 5.3 60 0 4.9 +1.6
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 4.9 49 11 4.9 +1.6
TRFK Pacer Data and Digital Revolution ETF 4.5 60 0 3.3 -0.1
ICAP InfraCap Equity Income Fund ETF 4.5 171 -111 4.3 +1.0
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.3 58 2 -1.9 -5.3
CHAT Roundhill Generative AI & Technology ETF 4.3 75 -15 8.1 +4.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.1 86 -26 0.5 -2.8
USRD Themes US R&D Champions ETF 4.1 29 31 4.8 +1.4
BEDZ AdvisorShares Hotel ETF 4.0 100 -40 6.7 +3.4
FXL First Trust Technology AlphaDEX Fund 4.0 61 -1 5.8 +2.4
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 4.0 41 19 5.8 +2.5
MVAL VanEck Morningstar Wide Moat Value ETF 3.7 49 11 7.0 +3.7
SFYX SoFi Next 500 ETF 3.6 0 60 5.8 +2.5
JHSC John Hancock Multifactor Small Cap ETF 3.5 42 18 6.6 +3.3
SPIT F/m Emerald Special Situations ETF 3.5 105 -45 -0.9 -4.2
SGRT SMART Earnings Growth 30 ETF 3.4 59 1 2.3 -1.0
CBSE Clough Select Equity ETF 3.4 85 -25 1.2 -2.2
LRNZ TrueShares Technology, AI & Deep Learning ETF 3.3 69 -9 -0.8 -4.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.3 48 12 2.3 -1.1
FFTY Innovator IBD 50 ETF 3.3 80 -20 -1.9 -5.2
AIS VistaShares Artificial Intelligence Supercycle ETF 3.2 75 -15 2.8 -0.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 3.2 60 0 5.9 +2.5
GPZ VanEck Alternative Asset Manager ETF 3.2 40 20 4.6 +1.3
LBO WHITEWOLF Publicly Listed Private Equity ETF 3.2 70 -10 9.3 +6.0
AAUM Tema Alternative Asset Managers ETF 3.2 99 -39 3.4 +0.0
SOXQ Invesco PHLX Semiconductor ETF 3.1 19 41 3.8 +0.5
DAT ProShares Big Data Refiners ETF 3.1 58 2 2.6 -0.7
WCBR WisdomTree Cybersecurity Fund 3.1 45 15 2.1 -1.2
BUG Global X Cybersecurity ETF 3.1 51 9 3.0 -0.3
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 3.1 60 0 3.2 -0.1
TIME Clockwise Core Equity & Innovation ETF 2.9 95 -35 4.0 +0.6
SIXG Defiance Connective Technologies ETF 2.9 30 30 4.0 +0.7
DIVZ TrueShares Low Volatility Equity Income ETF 2.9 65 -5 6.5 +3.2
PSI Invesco Semiconductors ETF 2.9 57 3 3.3 -0.1
VERS ProShares Metaverse ETF 2.8 58 2 0.2 -3.2
BPAY BlackRock Future Financial and Technology ETF 2.8 70 -10 6.5 +3.2
GVIP Goldman Sachs Hedge Industry VIP ETF 2.8 45 15 3.2 -0.1
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.7 45 15 1.6 -1.7
DIVY Sound Equity Dividend Income ETF 2.5 45 15 10.0 +6.6
FTC First Trust Large Cap Growth AlphaDEX Fund 2.4 59 1 2.1 -1.3
CIBR First Trust NASDAQ Cybersecurity ETF 2.4 60 0 4.3 +0.9
SOXX iShares Semiconductor ETF 2.4 35 25 4.0 +0.7
TRFM AAM Transformers ETF 2.4 49 11 1.3 -2.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.4 86 -26 14.8 +11.5
XITK State Street SPDR FactSet Innovative Technology ETF 2.4 45 15 0.9 -2.4
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.3 40 20 7.4 +4.1
XSD State Street SPDR S&P Semiconductor ETF 2.2 35 25 4.0 +0.6
XLP The Consumer Staples Select Sector SPDR Fund 2.2 8 52 6.4 +3.0
PTF Invesco Dorsey Wright Technology Momentum ETF 2.2 60 0 -1.2 -4.5
AIVC Amplify Bloomberg AI Value Chain ETF 2.1 59 1 5.9 +2.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.1 70 -10 2.1 -1.2
MID American Century Mid Cap Growth Impact ETF 2.1 45 15 3.6 +0.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 2.1 40 20 4.7 +1.4
IWO iShares Russell 2000 Growth ETF 2.1 24 36 0.8 -2.5
VTWG Vanguard Russell 2000 Growth ETF 2.0 10 50 0.9 -2.4
ERTH Invesco MSCI Sustainable Future ETF 2.0 62 -2 3.3 -0.0
MOAT VanEck Morningstar Wide Moat ETF 2.0 46 14 6.2 +2.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.0 57 3 4.0 +0.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.0 65 -5 2.1 -1.2
ROE Astoria US Quality Kings ETF 1.9 49 11 6.9 +3.6
LYLD Cambria Large Cap Shareholder Yield ETF 1.9 59 1 9.7 +6.4
DTEC ALPS Disruptive Technologies ETF 1.9 50 10 3.7 +0.4
XNTK State Street SPDR NYSE Technology ETF 1.9 35 25 3.6 +0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.8 64 -4 1.2 -2.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.8 49 11 11.3 +8.0
VAMO Cambria Value & Momentum ETF 1.8 61 -1 6.1 +2.8
SMOG VanEck Low Carbon Energy ETF 1.8 61 -1 1.5 -1.8
FILL iShares MSCI Global Energy Producers ETF 1.8 39 21 1.1 -2.3
FXG First Trust Consumer Staples AlphaDEX Fund 1.8 63 -3 9.0 +5.6
PBW Invesco WilderHill Clean Energy ETF 1.8 66 -6 -3.0 -6.4
REAI Intelligent Real Estate ETF 1.8 59 1 20.0 +16.7
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.8 55 5 4.5 +1.2
CHGX AXS Change Finance ESG ETF 1.7 49 11 5.3 +2.0
OPTZ Optimize Strategy Index ETF 1.7 50 10 4.8 +1.5
SDY State Street SPDR S&P Dividend ETF 1.7 35 25 6.9 +3.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.7 95 -35 -0.4 -3.7
SKYY First Trust Cloud Computing ETF 1.7 60 0 3.1 -0.3
IYK iShares U.S. Consumer Staples ETF 1.6 40 20 6.8 +3.5
METV Roundhill Ball Metaverse ETF 1.6 59 1 9.4 +6.1
FBCV Fidelity Blue Chip Value ETF 1.6 59 1 7.4 +4.0
ABFL Abacus FCF Leaders ETF 1.6 59 1 5.0 +1.6
XMHQ Invesco S&P MidCap Quality ETF 1.6 25 35 6.8 +3.5
DTCR Global X Data Center & Digital Infrastructure ETF 1.6 50 10 4.0 +0.7
TPHD Timothy Plan High Dividend Stock ETF 1.6 52 8 7.3 +3.9
TPHE Timothy Plan High Dividend Stock Enhanced ETF 1.6 54 6 7.2 +3.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.6 61 -1 7.2 +3.9
ABLG Abacus FCF International Leaders ETF 1.6 59 1 6.6 +3.2
VBK Vanguard Small-Cap Growth ETF 1.6 7 53 1.7 -1.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.5 9 51 3.9 +0.6
FLV American Century Focused Large Cap Value ETF 1.5 42 18 6.8 +3.5
AIPO Defiance AI & Power Infrastructure ETF 1.5 69 -9 1.3 -2.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 1.5 35 25 7.9 +4.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 1.5 38 22 7.8 +4.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -5 1.9 -1.4
FXO First Trust Financials AlphaDEX Fund 1.4 62 -2 8.0 +4.7
STXM Strive Mid-Cap ETF 1.4 18 42 6.4 +3.0
ARKW ARK Next Generation Internet ETF 1.4 87 -27 0.8 -2.5
SFYF SoFi Social 50 ETF 1.4 29 31 1.0 -2.4
FCLD Fidelity Cloud Computing ETF 1.4 39 21 3.5 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 1.4 59 1 5.8 +2.5
FESM Fidelity Enhanced Small Cap ETF 1.4 28 32 3.2 -0.1
WCLD WisdomTree Cloud Computing Fund 1.3 45 15 1.7 -1.6
ABLS Abacus FCF Small Cap Leaders ETF 1.3 59 1 5.2 +1.8
BUZZ VanEck Social Sentiment ETF 1.3 75 -15 -0.8 -4.1
PSC Principal U.S. Small-Cap ETF 1.3 38 22 6.8 +3.5
FCOM Fidelity MSCI Communication Services Index ETF 1.3 8 52 4.7 +1.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.2 4 56 5.9 +2.5
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.2 8 52 6.2 +2.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.2 35 25 6.3 +2.9
VDC Vanguard Consumer Staples ETF 1.2 9 51 6.2 +2.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 53 5.7 +2.4
TMFX Motley Fool Next Index ETF 1.2 50 10 3.1 -0.3
VOX Vanguard Communication Services ETF 1.2 9 51 4.9 +1.5
IGPT Invesco AI and Next Gen Software ETF 1.2 60 0 4.4 +1.1
SMOT VanEck Morningstar SMID Moat ETF 1.2 49 11 6.7 +3.4
RSSL Global X Russell 2000 ETF 1.2 8 52 3.5 +0.2
IWM iShares Russell 2000 ETF 1.2 19 41 3.5 +0.2
VTWO Vanguard Russell 2000 ETF 1.1 7 53 3.6 +0.3
GXPS Global X PureCap MSCI Consumer Staples ETF 1.1 25 35 5.5 +2.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.1 75 -15 7.7 +4.3
CCSO Carbon Collective Climate Solutions US Equity ETF 1.1 35 25 1.3 -2.1
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 1.1 40 20 3.1 -0.2
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.1 60 0 6.1 +2.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 25 4.2 +0.8
NULV Nuveen ESG Large-Cap Value ETF 1.1 26 34 6.4 +3.0
FDVV Fidelity High Dividend ETF 1.1 15 45 7.7 +4.4
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 60 0 6.9 +3.5
QDIV Global X S&P 500 Quality Dividend ETF 1.0 20 40 9.0 +5.7
SMLF iShares U.S. SmallCap Equity Factor ETF 1.0 15 45 5.9 +2.6
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 1.0 7 53 11.0 +7.6
FBCG Fidelity Blue Chip Growth ETF 1.0 59 1 2.9 -0.4
QTUM Defiance Quantum ETF 1.0 40 20 5.1 +1.8
KBE State Street SPDR S&P Bank ETF 0.9 35 25 9.4 +6.0
KNCT Invesco Next Gen Connectivity ETF 0.9 40 20 4.7 +1.4
MOTG VanEck Morningstar Global Wide Moat ETF 0.9 52 8 8.8 +5.5
LOGO Alpha Brands Consumption Leaders ETF 0.9 69 -9 3.1 -0.2
CSMD Congress SMid Growth ETF 0.9 69 -9 4.0 +0.7
YNOT Horizon Digital Frontier ETF 0.9 75 -15 3.2 -0.1
SYLD Cambria Shareholder Yield ETF 0.9 59 1 12.5 +9.2
BFOR ALPS Barron's 400 ETF 0.9 65 -5 5.9 +2.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 2 4.5 +1.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.9 38 22 4.6 +1.2
VXF Vanguard Extended Market ETF 0.9 5 55 4.4 +1.1
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -29 4.8 +1.5
BKWO BNY Mellon Women's Opportunities ETF 0.9 50 10 3.9 +0.6
HELX Franklin Genomic Advancements ETF 0.9 50 10 -0.4 -3.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.9 68 -8 1.9 -1.4
HYP Golden Eagle Dynamic Hypergrowth ETF 0.9 85 -25 -1.2 -4.5
FXH First Trust Health Care AlphaDEX Fund 0.9 62 -2 8.0 +4.7
BBH VanEck Biotech ETF 0.9 35 25 4.9 +1.6
HEAL Global X HealthTech ETF 0.9 50 10 -1.7 -5.0
IJJ iShares S&P Mid-Cap 400 Value ETF 0.9 18 42 8.6 +5.3
IWP iShares Russell Mid-Cap Growth ETF 0.9 23 37 3.3 +0.0
WDNA WisdomTree BioRevolution Fund 0.9 45 15 -1.9 -5.2
KXI iShares Global Consumer Staples ETF 0.9 41 19 5.8 +2.4
HDUS Hartford Disciplined US Equity ETF 0.9 19 41 5.8 +2.5
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.8 15 45 8.6 +5.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.8 25 35 7.7 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.8 30 30 6.8 +3.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.8 10 50 8.6 +5.3
EZM WisdomTree U.S. MidCap Fund 0.8 38 22 8.6 +5.3
HLGE Hartford Longevity Economy ETF 0.8 44 16 6.4 +3.1
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.8 15 45 8.8 +5.5
FDG American Century Focused Dynamic Growth ETF 0.8 45 15 2.1 -1.2
VOE Vanguard Mid-Cap Value ETF 0.8 7 53 7.8 +4.4
MADE iShares U.S. Manufacturing ETF 0.8 40 20 4.8 +1.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 21 4.9 +1.6
DURA VanEck Durable High Dividend ETF 0.8 29 31 7.5 +4.1
AFSM First Trust Active Factor Small Cap ETF 0.8 75 -15 7.4 +4.0
FTXL First Trust Nasdaq Semiconductor ETF 0.8 60 0 4.4 +1.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 54 2.9 -0.4
PDP Invesco Dorsey Wright Momentum ETF 0.7 62 -2 2.0 -1.3
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 47 3.0 -0.4
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.7 50 10 8.7 +5.4
ULVM VictoryShares US Value Momentum ETF 0.7 20 40 7.3 +4.0
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 6.9 +3.6
NUDV Nuveen ESG Dividend ETF 0.7 26 34 7.7 +4.3
XDAT Franklin Exponential Data ETF 0.7 50 10 2.4 -0.9
NANC Unusual Whales Subversive Democratic Trading ETF 0.7 75 -15 3.5 +0.2
HDV iShares Core High Dividend ETF 0.7 8 52 7.3 +3.9
VB Vanguard Small-Cap ETF 0.7 5 55 6.0 +2.7
FFOX FundX Future Fund Opportunities ETF 0.7 100 -40 3.5 +0.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.6 6 54 8.2 +4.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 -20 4.3 +1.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.6 52 8 5.8 +2.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.6 58 2 5.7 +2.4
VUSE Vident U.S. Equity Strategy ETF 0.6 50 10 4.3 +1.0
VO Vanguard Mid-Cap ETF 0.6 4 56 6.0 +2.7
FQAL Fidelity Quality Factor ETF 0.6 15 45 5.9 +2.5
QUVU Hartford Quality Value ETF 0.6 46 14 7.4 +4.0
CLNR IQ Cleaner Transport ETF 0.6 45 15 5.2 +1.9
FLDZ RiverNorth Patriot ETF 0.6 75 -15 6.3 +3.0
ISCB iShares Morningstar Small-Cap ETF 0.6 4 56 5.7 +2.4
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 0 4.8 +1.4
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.6 55 5 10.3 +7.0
SIZE iShares MSCI USA Size Factor ETF 0.6 15 45 6.3 +3.0
XT iShares Exponential Technologies ETF 0.6 46 14 4.9 +1.6
DHS WisdomTree U.S. High Dividend Fund 0.6 38 22 8.1 +4.8
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 6.3 +3.0
TXS Texas Capital Texas Equity Index ETF 0.5 49 11 6.1 +2.8
PTL Inspire 500 ETF 0.5 9 51 5.4 +2.1
GVLU Gotham 1000 Value ETF 0.5 50 10 9.5 +6.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 56 5.8 +2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 5.4 +2.0
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 56 6.3 +3.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.5 12 48 7.1 +3.8
DFLV Dimensional US Large Cap Value ETF 0.5 22 38 7.5 +4.1
IWR iShares Russell Midcap ETF 0.5 19 41 6.2 +2.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 40 6.3 +3.0
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 54 8.4 +5.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 45 6.0 +2.7
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 15 5.4 +2.0
FVD First Trust Value Line Dividend Index Fund 0.4 65 -5 6.3 +3.0
HKND Humankind US Stock ETF 0.4 11 49 7.1 +3.8
MDY SPDR S&P Midcap 400 ETF Trust 0.4 24 36 7.0 +3.7
IJH iShares Core S&P Mid-Cap ETF 0.4 5 55 7.2 +3.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.4 20 40 4.8 +1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 7 53 7.2 +3.9
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 57 7.2 +3.9
DFSU Dimensional US Sustainability Core 1 ETF 0.4 18 42 5.3 +2.0
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.4 60 0 8.2 +4.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 45 7.2 +3.9
DFUV Dimensional US Marketwide Value ETF 0.4 22 38 7.3 +4.0
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.4 65 -5 6.4 +3.1
SSPY Syntax Stratified LargeCap ETF 0.4 30 30 6.7 +3.4
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 1 8.9 +5.5
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 40 8.8 +5.4
VOT Vanguard Mid-Cap Growth ETF 0.4 7 53 3.5 +0.2
CLOD Themes Cloud Computing ETF 0.4 35 25 3.6 +0.2
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 52 4.1 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 21 6.3 +3.0
GXPC Global X PureCap MSCI Communication Services ETF 0.4 25 35 4.6 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 48 4.6 +1.3
SPHQ Invesco S&P 500 Quality ETF 0.3 15 45 5.6 +2.3
IWS iShares Russell Mid-Cap Value ETF 0.3 23 37 7.2 +3.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 25 6.1 +2.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 20 6.0 +2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 42 7.8 +4.5
FUNL CornerCap Fundametrics Large-Cap ETF 0.3 50 10 7.3 +3.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 39 3.8 +0.5
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 43 7.0 +3.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 5.3 +1.9
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.3 40 20 3.8 +0.5
IGM iShares Expanded Tech Sector ETF 0.3 41 19 3.7 +0.3
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 42 6.8 +3.5
QGRO American Century U.S. Quality Growth ETF 0.3 29 31 3.8 +0.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 43 5.5 +2.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 54 4.3 +0.9
IETC iShares U.S. Tech Independence Focused ETF 0.3 18 42 3.6 +0.3
GINN Goldman Sachs Innovate Equity ETF 0.3 52 8 3.7 +0.3
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 47 6.1 +2.8
VFMF Vanguard U.S. Multifactor ETF 0.3 18 42 7.6 +4.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 36 8.2 +4.9
DCOR Dimensional US Core Equity 1 ETF 0.3 14 46 5.4 +2.1
JHMM John Hancock Multifactor Mid Cap ETF 0.3 42 18 6.3 +2.9
EBI Longview Advantage ETF 0.3 35 25 6.7 +3.4
DFAU Dimensional US Core Equity Market ETF 0.3 12 48 5.1 +1.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.4 +2.1
ROUS Hartford Multifactor US Equity ETF 0.3 19 41 7.0 +3.6
OALC OneAscent Large Cap Core ETF 0.3 86 -26 4.2 +0.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 25 5.2 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 21 3.0 -0.3
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 45 6.9 +3.6
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 45 7.7 +4.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.9 +1.6
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 -5 8.2 +4.9
DFVX Dimensional US Large Cap Vector ETF 0.2 22 38 6.3 +3.0
STXG Strive 1000 Growth ETF 0.2 18 42 3.9 +0.5
DFUS Dimensional U.S. Equity ETF 0.2 9 51 4.8 +1.5
SFY SoFi Select 500 ETF 0.2 0 60 4.5 +1.2
GXLC Global X U.S. 500 ETF 0.2 2 58 4.8 +1.5
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 6.6 +3.3
DXUV Dimensional US Vector Equity ETF 0.2 28 32 6.0 +2.7
STXV Strive 1000 Value ETF 0.2 18 42 8.2 +4.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 43 6.0 +2.6
DFAS Dimensional U.S. Small Cap ETF 0.2 26 34 6.6 +3.3
GXPT Global X PureCap MSCI Information Technology ETF 0.2 25 35 4.4 +1.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 48 6.5 +3.2
MTUM iShares MSCI USA Momentum Factor ETF 0.2 15 45 3.1 -0.2
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 45 5.8 +2.5
POW VistaShares Electrification Supercycle ETF 0.2 75 -15 3.6 +0.2
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -5 4.1 +0.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 40 7.1 +3.8
XOEF iShares S&P 500 ex S&P 100 ETF 0.2 20 40 5.6 +2.3
VIS Vanguard Industrials ETF 0.2 9 51 4.5 +1.2
FELG Fidelity Enhanced Large Cap Growth ETF 0.2 18 42 4.8 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 32 6.0 +2.7
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.2 35 25 5.8 +2.4
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 32 6.4 +3.0
VYM Vanguard High Dividend Yield Index ETF 0.2 6 54 7.1 +3.8
VEGN US Vegan Climate ETF 0.2 60 0 4.6 +1.3
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.8 +1.5
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 52 4.5 +1.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 40 3.1 -0.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 0 4.4 +1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -7 9.9 +6.6
STRV Strive 500 ETF 0.2 5 55 4.8 +1.5
IYW iShares U.S. Technology ETF 0.2 40 20 4.0 +0.7
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 22 9.1 +5.8
AVUQ Avantis U.S. Quality ETF 0.2 15 45 4.4 +1.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 40 6.8 +3.4
IWN iShares Russell 2000 Value ETF 0.2 24 36 6.3 +3.0
VTV Vanguard Value ETF 0.2 4 56 6.8 +3.5
VTWV Vanguard Russell 2000 Value ETF 0.2 10 50 6.4 +3.0
DEW WisdomTree Global High Dividend Fund 0.2 58 2 8.1 +4.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 41 6.3 +3.0
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 40 6.7 +3.4
VGT Vanguard Information Technology ETF 0.2 9 51 4.1 +0.7
IUSV iShares Core S&P US Value ETF 0.2 4 56 6.4 +3.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 51 6.2 +2.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 45 4.7 +1.3
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.9 +1.5
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.8 +1.5
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.8 +1.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 9.4 +6.1
AVUS Avantis U.S. Equity ETF 0.2 15 45 5.7 +2.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.2 12 48 7.3 +4.0
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 42 6.5 +3.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 57 4.8 +1.5
IWV iShares Russell 3000 ETF 0.1 20 40 4.7 +1.4
MODL VictoryShares WestEnd U.S. Sector ETF 0.1 42 18 4.6 +1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 4.9 +1.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 51 4.8 +1.5
JEPI JPMorgan Equity Premium Income ETF 0.1 35 25 5.8 +2.4
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 55 8.0 +4.7
ILCV iShares Morningstar Value ETF 0.1 4 56 6.3 +3.0
VONV Vanguard Russell 1000 Value ETF 0.1 7 53 6.5 +3.2
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 37 6.1 +2.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 50 5.0 +1.7
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 56 6.2 +2.9
AIEQ AI Powered Equity ETF 0.1 75 -15 4.7 +1.4
VOOV Vanguard S&P 500 Value ETF 0.1 7 53 6.2 +2.9
IVE iShares S&P 500 Value ETF 0.1 18 42 6.1 +2.8
HLAL Wahed FTSE USA Shariah ETF 0.1 50 10 4.6 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 5.4 +2.1
RVRB Reverb ETF 0.1 30 30 4.6 +1.2
QQQ Invesco QQQ Trust Series I 0.1 20 40 4.2 +0.9
QQQM Invesco NASDAQ 100 ETF 0.1 15 45 4.3 +0.9
VONE Vanguard Russell 1000 ETF 0.1 7 53 5.0 +1.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 25 6.2 +2.9
IWD iShares Russell 1000 Value ETF 0.1 19 41 6.4 +3.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 45 4.9 +1.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 5.7 +2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 +3.1
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 57 4.9 +1.5
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 24 3.7 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 50 5.0 +1.6
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 45 4.9 +1.5
AFLG First Trust Active Factor Large Cap ETF 0.1 55 5 6.4 +3.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 15 4.5 +1.2
DIVN Horizon Dividend Income ETF 0.1 70 -10 7.8 +4.5
TOK iShares MSCI Kokusai ETF 0.1 26 34 5.0 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 51 5.5 +2.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.7 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.9 +1.5
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 4.8 +1.4
URTH iShares MSCI World ETF 0.1 24 36 5.0 +1.7
VT Vanguard Total World Stock ETF 0.1 6 54 5.8 +2.4
VV Vanguard Large-Cap ETF 0.1 4 56 4.8 +1.5
VFH Vanguard Financials ETF 0.1 9 51 6.3 +3.0
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -30 3.8 +0.5
IWB iShares Russell 1000 ETF 0.1 15 45 4.9 +1.5
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 18 42 3.8 +0.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.1 49 11 3.7 +0.4
JHML John Hancock Multifactor Large Cap ETF 0.1 29 31 5.4 +2.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 51 5.1 +1.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 28 5.0 +1.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 36 7.5 +4.1
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.4 +2.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.9 +1.6
VONG Vanguard Russell 1000 Growth ETF 0.1 7 53 4.5 +1.2
IWF iShares Russell 1000 Growth ETF 0.1 19 41 4.2 +0.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 42 4.7 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 58 5.0 +1.6
VOTE TCW Transform 500 ETF 0.1 5 55 4.9 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 51 4.9 +1.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 40 10.2 +6.9
KLMN Invesco MSCI North America Climate ETF 0.1 9 51 5.0 +1.7
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 42 5.1 +1.8
VUG Vanguard Growth ETF 0.1 4 56 4.3 +0.9
RAUS RACWI US ETF 0.1 15 45 4.9 +1.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 57 5.1 +1.8
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.8 +1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 51 4.7 +1.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.8 +3.5
TOPC iShares S&P 500 3% Capped ETF 0.1 15 45 5.1 +1.8
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.1 20 40 5.3 +2.0
APIE ActivePassive International Equity ETF 0.1 45 15 7.1 +3.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 49 5.1 +1.8
LRGF iShares U.S. Equity Factor ETF 0.1 8 52 5.5 +2.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.7 +2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.5 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 57 6.6 +3.2
IUS Invesco RAFI Strategic US ETF 0.1 19 41 6.8 +3.5
FSST Fidelity Sustainable U.S. Equity ETF 0.1 59 1 4.3 +1.0
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.7 +1.3
VOO Vanguard S&P 500 ETF 0.1 3 57 5.0 +1.6
IVV iShares Core S&P 500 ETF 0.1 3 57 4.9 +1.6
SPY SPDR S&P 500 ETF 0.1 9 51 4.9 +1.5
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.9 +1.6
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.8 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 50 5.6 +2.3
PBUS Invesco MSCI USA ETF 0.1 4 56 4.9 +1.6
SPXM Azoria 500 Meritocracy ETF 0.1 47 13 4.6 +1.2
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.1 48 12 6.2 +2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 27 9.8 +6.4
FNCL Fidelity MSCI Financials Index ETF 0.1 8 52 6.3 +3.0
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 18 4.7 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 21 6.7 +3.4
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 6.0 +2.6
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.0 35 25 7.3 +3.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 50 4.2 +0.8
APUE ActivePassive U.S. Equity ETF 0.0 45 15 4.6 +1.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 48 4.0 +0.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 5.7 +2.4
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 42 6.8 +3.4
HAPI Harbor Human Capital Factor US Large Cap ETF 0.0 36 24 5.0 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 15 8.2 +4.9
VFVA Vanguard U.S. Value Factor ETF 0.0 13 47 10.4 +7.1
GSPY Gotham Enhanced 500 ETF 0.0 50 10 5.3 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 48 4.9 +1.6
GEW Cambria Global EW ETF 0.0 29 31 5.9 +2.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 48 4.7 +1.4

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

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 16.8 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.58
 
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.