Renaissance IPO ETF
ALTAR
Score™		 -4.3% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 358.2x P/Sales
ratio		 3.5x
P/BV
ratio		 3.7x Div.
yield		 0.7%


  • 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) $152
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 42
Wgt avg mkt cap (mns) $23,901
Large cap (>$10bn) 75.9%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 2.5%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
NU HOLDINGS LTD. CLASS A 10.3 %
KENVUE, INC. 10.1 %
ARM HOLDINGS PLC 8.2 %
ROBINHOOD MARKETS, INC. CLASS A 7.1 %
RIVIAN AUTOMOTIVE INC-A 6.7 %
ON HOLDING AG CLASS A 5.0 %
CORE & MAIN, INC. CLASS A 4.5 %
COREBRIDGE FINANCIAL INC 3.9 %
DUOLINGO, INC. CLASS A 3.2 %
GITLAB, INC. CLASS A 3.2 %
Total 62.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.1 %
CAYMAN ISLANDS 10.3 %
BRITAIN 8.2 %
SWITZERLAND 5.0 %
KAZAKHSTAN 0.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.2% 42.1% 7.5% 6.8% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.30 49%
MSCI EAFE 1.04 33%
MSCI Emg. Mkts. 1.07 33%

Technical Indicators
Recent close $44.65
30d moving avg. $43.53
Annualized volatility 32.3%
Short interest (ETF) 3.9%
Short interest (Underlying) 6.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 43
Turnover 1.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $7,560

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 554 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™: -4.3%


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
(%)
FPXI First Trust International Equity Opportunities ETF 12.7 70 -10 4.9 +9.2
TIME Clockwise Core Equity & Innovation ETF 12.4 95 -35 2.3 +6.6
LOUP Innovator Deepwater Frontier Tech ETF 11.2 70 -10 1.3 +5.6
FPX First Trust US Equity Opportunities ETF 10.8 61 -1 1.5 +5.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 10.6 70 -10 3.5 +7.9
EWZ iShares MSCI Brazil ETF 10.3 58 2 10.4 +14.7
ILF iShares Latin America 40 ETF 10.3 48 12 10.4 +14.8
BRAZ Global X Brazil Active ETF 9.6 75 -15 10.1 +14.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 8.6 58 2 -3.0 +1.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 8.0 86 -26 1.2 +5.6
GFOF Grayscale Future of Finance ETF 7.1 70 -10 -0.7 +3.6
ACES ALPS Clean Energy ETF 7.1 55 5 -4.4 -0.0
SFYF SoFi Social 50 ETF 7.1 29 31 -2.2 +2.2
FFTY Innovator IBD 50 ETF 6.9 80 -20 -0.6 +3.7
ARKW ARK Next Generation Internet ETF 6.7 87 -27 -0.7 +3.7
FFND Future Fund Active ETF 6.6 100 -40 -0.7 +3.6
ARKF ARK Fintech Innovation ETF 6.5 75 -15 -0.4 +3.9
BLOK Amplify Transformational Data Sharing ETF 6.4 75 -15 0.0 +4.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.2 86 -26 1.6 +6.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 5.9 35 25 5.1 +9.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 5.9 68 -8 2.1 +6.4
DIVY Sound Equity Dividend Income ETF 5.4 45 15 10.6 +15.0
ARKK ARK Innovation ETF 5.1 75 -15 -3.2 +1.1
AOTG AOT Growth and Innovation ETF 5.0 75 -15 3.1 +7.4
MVAL VanEck Morningstar Wide Moat Value ETF 4.9 49 11 6.4 +10.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 4.9 45 15 3.1 +7.5
EATV VegTech Plant-based Innovation & Climate ETF 4.8 75 -15 2.1 +6.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 4.7 57 3 5.9 +10.2
EBLU Ecofin Global Water ESG Fund 4.5 40 20 4.9 +9.3
BUZZ VanEck Social Sentiment ETF 4.5 75 -15 0.3 +4.6
RNEW VanEck Green Infrastructure ETF 4.5 45 15 -1.5 +2.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.4 72 -12 1.0 +5.3
AQWA Global X Clean Water ETF 4.0 50 10 4.2 +8.6
BPAY BlackRock Future Financial and Technology ETF 3.9 70 -10 8.2 +12.5
EMFQ Amplify Emerging Markets FinTech ETF 3.7 69 -9 5.3 +9.6
IDRV iShares Self-driving EV & Tech ETF 3.7 47 13 -0.4 +3.9
FBZ First Trust Brazil AlphaDEX Fund 3.6 80 -20 13.3 +17.7
PHO Invesco Water Resources ETF 3.6 60 0 4.4 +8.7
PBW Invesco WilderHill Clean Energy ETF 3.5 66 -6 -13.7 -9.4
STCE Schwab Crypto Thematic ETF 3.5 30 30 -1.6 +2.8
IWTR iShares MSCI Water Management Multisector ETF 3.4 47 13 5.0 +9.3
BWEB Bitwise Web3 ETF 3.4 85 -25 0.7 +5.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.3 39 21 -1.7 +2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 3.3 59 1 3.9 +8.2
CTEC Global X CleanTech ETF 3.3 50 10 2.9 +7.2
DIVZ TrueShares Low Volatility Equity Income ETF 3.2 65 -5 7.2 +11.5
SOXQ Invesco PHLX Semiconductor ETF 3.2 19 41 5.3 +9.6
TBG TBG Dividend Focus ETF 3.2 59 1 6.8 +11.1
XITK SPDR FactSet Innovative Technology ETF 3.2 45 15 2.2 +6.6
FXO First Trust Financials AlphaDEX Fund 3.1 62 -2 7.4 +11.7
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 3.1 106 -46 3.5 +7.9
SSPX Janus Henderson U.S. Sustainable Equity ETF 3.1 55 5 4.3 +8.6
FLV American Century Focused Large Cap Value ETF 3.1 42 18 6.4 +10.7
SFYX SoFi Next 500 ETF 3.0 0 60 4.7 +9.1
BDFIX Baron Discovery 3.0 75 -15 0.2 +4.5
BFIIX Baron FinTech 3.0 75 -15 3.4 +7.7
OGIG ALPS O'Shares Global Internet Giants ETF 3.0 48 12 1.9 +6.2
BOUT Innovator IBD Breakout Opportunities ETF 2.9 81 -21 3.6 +8.0
ERTH Invesco MSCI Sustainable Future ETF 2.9 62 -2 3.6 +8.0
BTEK Future Tech ETF 2.9 88 -28 2.3 +6.6
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.8 40 20 8.3 +12.7
BOTT Themes Robotics & Automation ETF 2.8 35 25 4.7 +9.1
PFI Invesco Dorsey Wright Financial Momentum ETF 2.8 60 0 5.0 +9.4
MOAT VanEck Morningstar Wide Moat ETF 2.8 46 14 5.6 +10.0
VBK Vanguard Small-Cap Growth ETF 2.8 7 53 1.1 +5.4
RAYS Global X Solar ETF 2.8 51 9 6.9 +11.3
TAN Invesco Solar ETF 2.8 67 -7 10.4 +14.8
ICLN iShares Global Clean Energy ETF 2.8 41 19 6.0 +10.3
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 2.7 40 20 4.3 +8.6
TRFM AAM Transformers ETF 2.7 49 11 2.0 +6.3
PIO Invesco Global Water ETF 2.7 75 -15 5.2 +9.5
XLP Consumer Staples Select Sector SPDR Fund 2.7 9 51 6.5 +10.8
FIW First Trust Water ETF 2.7 53 7 4.5 +8.9
AIVC Amplify Bloomberg AI Value Chain ETF 2.6 59 1 5.8 +10.2
OCFS Otter Creek Focus Strategy ETF 2.6 85 -25 4.5 +8.9
AIRR First Trust RBA American Industrial Renaissance ETF 2.6 70 -10 4.8 +9.1
CGXU Capital Group International Focus Equity ETF 2.6 54 6 4.9 +9.2
IWP iShares Russell Mid-Cap Growth ETF 2.5 23 37 3.1 +7.4
CGW Invesco S&P Global Water Index ETF 2.5 57 3 4.4 +8.7
FRNW Fidelity Clean Energy ETF 2.5 39 21 2.6 +6.9
CNRG SPDR S&P Kensho Clean Power ETF 2.4 45 15 2.8 +7.2
WCLD WisdomTree Cloud Computing Fund 2.3 45 15 1.5 +5.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 2.3 30 30 8.2 +12.5
IVES Wedbush ETFMG Global Cloud Technology ETF 2.2 68 -8 5.8 +10.1
HAPS Harbor Human Capital Factor US Small Cap ETF 2.2 60 0 2.4 +6.7
FLN First Trust Latin America AlphaDEX Fund 2.2 80 -20 8.4 +12.8
CHAT Roundhill Generative AI & Technology ETF 2.2 75 -15 3.8 +8.2
SPRX Spear Alpha ETF 2.2 75 -15 2.3 +6.7
IYK iShares U.S. Consumer Staples ETF 2.2 40 20 6.6 +11.0
KCE SPDR S&P Capital Markets ETF 2.1 35 25 5.9 +10.2
STXM Strive Mid-Cap ETF 2.1 18 42 6.1 +10.4
SMLF iShares U.S. SmallCap Equity Factor ETF 2.1 15 45 4.6 +9.0
VAMO Cambria Value & Momentum ETF 2.1 61 -1 8.2 +12.6
SMOG VanEck Low Carbon Energy ETF 2.1 61 -1 2.4 +6.7
SKYY First Trust Cloud Computing ETF 2.1 60 0 2.8 +7.1
GGRW Gabelli Growth Innovators ETF 2.1 90 -30 2.5 +6.9
KIE SPDR S&P Insurance ETF 2.1 35 25 6.0 +10.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.0 30 30 5.4 +9.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.0 35 25 4.6 +8.9
FXL First Trust Technology AlphaDEX Fund 2.0 61 -1 5.1 +9.4
LSAF LeaderShares AlphaFactor US Core Equity ETF 2.0 75 -15 6.8 +11.1
IJK iShares S&P Mid-Cap 400 Growth ETF 1.9 17 43 5.7 +10.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.9 58 2 5.0 +9.4
LYLD Cambria Large Cap Shareholder Yield ETF 1.9 59 1 9.1 +13.4
NUMV Nuveen ESG Mid-Cap Value ETF 1.9 31 29 6.6 +11.0
BFTHX Baron Fifth Avenue Growth Retail 1.9 75 -15 1.7 +6.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.9 15 45 5.7 +10.1
BKCH Global X Blockchain ETF 1.9 50 10 -2.8 +1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.9 15 45 5.7 +10.1
XMMO Invesco S&P MidCap Momentum ETF 1.8 34 26 5.6 +9.9
SDY SPDR S&P Dividend ETF 1.8 35 25 5.9 +10.3
DAT ProShares Big Data Refiners ETF 1.8 58 2 2.0 +6.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.8 4 56 5.6 +10.0
EATZ AdvisorShares Restaurant ETF 1.8 101 -41 3.2 +7.6
CCSO Carbon Collective Climate Solutions US Equity ETF 1.7 35 25 1.9 +6.3
FBCV Fidelity Blue Chip Value ETF 1.7 59 1 7.0 +11.3
ISCG iShares Morningstar Small-Cap Growth ETF 1.7 6 54 2.3 +6.6
FIVG Defiance Next Gen Connectivity ETF 1.7 30 30 5.8 +10.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.6 95 -35 0.9 +5.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 31 5.5 +9.9
VDC Vanguard Consumer Staples ETF 1.6 10 50 5.9 +10.2
PBD Invesco Global Clean Energy ETF 1.6 75 -15 -5.3 -0.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.6 75 -15 4.6 +8.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.6 7 53 5.3 +9.6
EQUL IQ Engender Equality ETF 1.6 45 15 5.7 +10.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.6 45 15 -3.0 +1.3
SIXG Defiance Connective Technologies ETF 1.5 30 30 5.1 +9.5
SPYD SPDR Portfolio S&P 500 High Dividend ETF 1.5 7 53 8.8 +13.1
FCLD Fidelity Cloud Computing ETF 1.5 39 21 3.1 +7.4
QDIV Global X S&P 500 Quality Dividend ETF 1.5 20 40 7.5 +11.9
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.5 61 -1 6.2 +10.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 -1 1.2 +5.6
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 1.5 27 33 0.0 +4.3
BITQ Bitwise Crypto Industry Innovators ETF 1.5 85 -25 -1.9 +2.5
BATT Amplify Lithium & Battery Technology ETF 1.5 59 1 -0.1 +4.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 11 10.2 +14.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.4 60 0 1.4 +5.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 25 5.8 +10.2
METV Roundhill Ball Metaverse ETF 1.4 59 1 3.4 +7.7
DON WisdomTree U.S. MidCap Dividend Fund 1.4 38 22 7.7 +12.1
BGAIX Baron Global Advantage 1.4 75 -15 0.6 +4.9
TMFX Motley Fool Next Index ETF 1.4 50 10 2.8 +7.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.4 70 -10 2.7 +7.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.4 45 15 -6.9 -2.6
VB Vanguard Small-Cap ETF 1.4 5 55 4.9 +9.3
LIVR Intelligent Livermore ETF 1.3 69 -9 6.0 +10.3
IWR iShares Russell Midcap ETF 1.3 19 41 5.4 +9.7
CZAR Themes Natural Monopoly ETF 1.3 35 25 6.3 +10.6
GURU Global X Guru Index ETF 1.3 75 -15 1.7 +6.0
PTH Invesco Dorsey Wright Healthcare Momentum ETF 1.3 60 0 -2.3 +2.1
CANC Tema Oncology ETF 1.3 75 -15 -3.6 +0.8
LRGF iShares U.S. Equity Factor ETF 1.3 8 52 5.6 +10.0
XSW SPDR S&P Software & Services ETF 1.3 35 25 1.5 +5.9
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 52 6.0 +10.3
WLDR Affinity World Leaders Equity ETF 1.3 67 -7 8.1 +12.4
VXF Vanguard Extended Market ETF 1.3 6 54 3.5 +7.8
MEM Matthews Emerging Markets Equity Active ETF 1.3 79 -19 5.4 +9.7
NBDS Neuberger Berman Disrupters ETF 1.3 55 5 1.5 +5.9
PWB Invesco Large Cap Growth ETF 1.3 56 4 3.2 +7.6
IYF iShares U.S. Financials ETF 1.2 40 20 5.4 +9.7
FTC First Trust Large Cap Growth AlphaDEX Fund 1.2 59 1 2.4 +6.8
KXI iShares Global Consumer Staples ETF 1.2 41 19 5.7 +10.1
XMHQ Invesco S&P MidCap Quality ETF 1.2 25 35 6.9 +11.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.2 15 45 5.8 +10.1
BTECX Baron Technology 1.2 75 -15 2.4 +6.7
AFMC First Trust Active Factor Mid Cap ETF 1.2 65 -5 6.9 +11.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.2 65 -5 2.7 +7.0
CNCR Range Cancer Therapeutics ETF 1.2 79 -19 0.0 +4.3
VOE Vanguard Mid-Cap Value ETF 1.2 7 53 6.9 +11.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.2 15 45 6.7 +11.1
SCHM Schwab U.S. Mid-Cap ETF 1.2 4 56 6.0 +10.3
NUSC Nuveen ESG Small-Cap ETF 1.2 31 29 5.0 +9.4
BNE Blue Horizon BNE ETF 1.1 87 -27 4.6 +8.9
JFWD Jacob Forward ETF 1.1 75 -15 0.0 +4.3
KBE SPDR S&P Bank ETF 1.1 35 25 8.3 +12.7
GINN Goldman Sachs Innovate Equity ETF 1.1 52 8 2.8 +7.1
MDY SPDR S&P Midcap 400 ETF Trust 1.1 24 36 6.2 +10.5
IJH iShares Core S&P Mid-Cap ETF 1.1 5 55 6.4 +10.7
SNSR Global X Internet of Things ETF 1.1 68 -8 4.6 +9.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.1 60 0 9.0 +13.3
FLDZ RiverNorth Patriot ETF 1.1 75 -15 5.2 +9.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.1 64 -4 1.8 +6.2
MINV Matthews Asia Innovators Active ETF 1.1 79 -19 3.0 +7.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.1 3 57 6.4 +10.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.1 10 50 6.4 +10.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.1 20 40 5.2 +9.5
FFLC Fidelity Fundamental Large Cap Core ETF 1.1 38 22 4.8 +9.1
FDFF Fidelity Disruptive Finance ETF 1.1 50 10 4.1 +8.5
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 4.8 +9.1
DHS WisdomTree U.S. High Dividend Fund 1.0 38 22 7.6 +11.9
FMIL Fidelity New Millennium ETF 1.0 59 1 4.8 +9.1
SMMD iShares Russell 2500 ETF 1.0 15 45 5.5 +9.8
XJH iShares ESG Screened S&P Mid-Cap ETF 1.0 12 48 6.5 +10.8
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 7.4 +11.7
EMM Global X Emerging Markets ex-China ETF 1.0 75 -15 4.2 +8.6
EMC Global X Emerging Markets Great Consumer ETF 1.0 75 -15 4.5 +8.9
BKF iShares MSCI BIC ETF 1.0 69 -9 6.9 +11.3
FSMD Fidelity Small-Mid Multifactor ETF 1.0 15 45 6.8 +11.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 1.0 35 25 7.6 +12.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 1.0 38 22 7.6 +11.9
VFMO Vanguard U.S. Momentum Factor ETF 1.0 13 47 2.1 +6.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -30 6.1 +10.5
FBCG Fidelity Blue Chip Growth ETF 1.0 59 1 2.8 +7.1
BMED Future Health ETF 1.0 85 -25 -0.2 +4.1
BDIV AAM Brentview Dividend Growth ETF 0.9 49 11 4.4 +8.8
IWS iShares Russell Mid-Cap Value ETF 0.9 23 37 6.2 +10.6
YLDE ClearBridge Dividend Strategy ESG ETF 0.9 60 0 4.9 +9.3
TPHD Timothy Plan High Dividend Stock ETF 0.9 52 8 5.9 +10.2
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.9 54 6 5.9 +10.2
MAGA Point Bridge America First ETF 0.9 72 -12 5.6 +9.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.9 17 43 4.7 +9.0
MVPS Amplify Thematic All-Stars ETF 0.9 49 11 2.7 +7.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.9 20 40 9.3 +13.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.9 60 0 6.3 +10.6
DFNV Donoghue Forlines Innovation ETF 0.9 69 -9 4.7 +9.0
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 31 4.7 +9.1
USMF WisdomTree U.S. Multifactor Fund 0.9 28 32 7.1 +11.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -1 -2.4 +1.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.9 52 8 5.1 +9.4
PTL Inspire 500 ETF 0.9 9 51 5.6 +9.9
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 18 6.6 +10.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.9 58 2 5.0 +9.4
CLNR IQ Cleaner Transport ETF 0.9 45 15 6.8 +11.2
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 25 6.3 +10.7
SMCP AlphaMark Actively Managed Small Cap ETF 0.8 90 -30 3.9 +8.3
BIOPX Baron Opportunity Retail 0.8 75 -15 1.0 +5.3
SOCL Global X Social Media ETF 0.8 65 -5 -6.4 -2.0
CBSE Clough Select Equity ETF 0.8 85 -25 0.4 +4.7
VUSE Vident U.S. Equity Strategy ETF 0.8 50 10 4.4 +8.7
JIG JPMorgan International Growth ETF 0.8 55 5 4.6 +9.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.8 59 1 5.6 +9.9
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.8 79 -19 0.0 +4.3
XDAT Franklin Exponential Data ETF 0.8 50 10 2.8 +7.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.8 20 40 7.6 +11.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.8 50 10 7.6 +12.0
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.8 60 0 6.4 +10.7
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.8 20 40 4.0 +8.3
CGDG Capital Group Dividend Growers ETF 0.8 47 13 6.6 +11.0
IWO iShares Russell 2000 Growth ETF 0.7 24 36 0.6 +4.9
VTWG Vanguard Russell 2000 Growth ETF 0.7 15 45 0.7 +5.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.7 6 54 7.5 +11.8
FTA First Trust Large Cap Value AlphaDEX Fund 0.7 59 1 8.2 +12.6
PDP Invesco Dorsey Wright Momentum ETF 0.7 62 -2 3.2 +7.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.7 20 40 6.3 +10.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 35 6.7 +11.0
NIXT Research Affiliates Deletions ETF 0.7 9 51 5.2 +9.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.7 12 48 4.5 +8.9
ULVM VictoryShares US Value Momentum ETF 0.7 20 40 7.0 +11.3
COWZ Pacer US Cash Cows 100 ETF 0.7 49 11 9.9 +14.3
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.7 49 11 5.0 +9.4
BUL Pacer US Cash Cows Growth ETF 0.7 60 0 7.7 +12.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 45 4.5 +8.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.7 15 45 9.3 +13.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 36 7.3 +11.7
RND First Trust Bloomberg R&D Leaders ETF 0.7 60 0 3.5 +7.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.7 9 51 3.3 +7.7
QUVU Hartford Quality Value ETF 0.7 46 14 6.6 +11.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 30 6.5 +10.8
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 0.7 40 20 5.3 +9.6
IGPT Invesco AI and Next Gen Software ETF 0.7 60 0 3.8 +8.1
AIEQ AI Powered Equity ETF 0.6 75 -15 3.9 +8.2
SMOT VanEck Morningstar SMID Moat ETF 0.6 49 11 5.8 +10.2
SMDY Syntax Stratified MidCap ETF 0.6 35 25 5.8 +10.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 40 1.0 +5.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 0 6.8 +11.1
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 8 6.5 +10.9
INNO Harbor Disruptive Innovation ETF 0.6 75 -15 1.6 +5.9
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.6 25 35 9.6 +14.0
VO Vanguard Mid-Cap ETF 0.6 4 56 5.3 +9.6
BIGFX Baron International Growth Retail 0.6 75 -15 3.1 +7.5
SIZE iShares MSCI USA Size Factor ETF 0.6 15 45 5.6 +9.9
XBI SPDR S&P BIOTECH ETF 0.6 35 25 -3.3 +1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 56 4.8 +9.1
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 56 5.7 +10.0
VFMF Vanguard U.S. Multifactor ETF 0.6 18 42 8.5 +12.9
LRND IQ U.S. Large Cap R&D Leaders ETF 0.6 14 46 6.1 +10.4
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.6 35 25 6.2 +10.5
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.6 42 18 6.1 +10.5
SCHA Schwab U.S. Small-Cap ETF 0.6 4 56 4.4 +8.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 42 7.2 +11.6
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 18 6.1 +10.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.6 39 21 6.9 +11.3
MADE iShares U.S. Manufacturing ETF 0.6 40 20 5.5 +9.8
GK AdvisorShares Gerber Kawasaki ETF 0.6 75 -15 3.3 +7.6
IBBQ Invesco Nasdaq Biotechnology ETF 0.6 19 41 0.9 +5.2
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 5.7 +10.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 21 4.1 +8.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.6 8 52 4.5 +8.8
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 38 3.8 +8.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.5 15 45 6.3 +10.6
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.5 12 48 5.3 +9.6
DFLV Dimensional US Large Cap Value ETF 0.5 22 38 7.4 +11.8
EEM iShares MSCI Emerging Markets ETF 0.5 69 -9 6.9 +11.2
SOXX iShares Semiconductor ETF 0.5 35 25 6.6 +10.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 39 3.8 +8.1
WCEO Hypatia Women CEO ETF 0.5 85 -25 4.2 +8.6
DFSU Dimensional US Sustainability Core 1 ETF 0.5 18 42 5.4 +9.8
FELG Fidelity Enhanced Large Cap Growth ETF 0.5 18 42 4.6 +9.0
AFSM First Trust Active Factor Small Cap ETF 0.5 75 -15 6.3 +10.6
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 37 6.0 +10.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 40 6.8 +11.1
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -10 3.8 +8.2
IBAT iShares Energy Storage & Materials ETF 0.5 47 13 3.1 +7.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.5 49 11 4.4 +8.8
HKND Humankind US Stock ETF 0.5 11 49 7.1 +11.5
LUXX Roundhill S&P Global Luxury ETF 0.5 45 15 2.9 +7.2
DEUS Xtrackers Russell US Multifactor ETF 0.5 17 43 6.9 +11.2
CFA VictoryShares US 500 Volatility Wtd ETF 0.5 35 25 5.6 +10.0
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.5 40 20 5.6 +9.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 33 8.6 +12.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 15 5.7 +10.0
HART IQ Healthy Hearts ETF 0.5 45 15 5.0 +9.3
SPHQ Invesco S&P 500 Quality ETF 0.5 15 45 5.7 +10.0
IWM iShares Russell 2000 ETF 0.5 19 41 2.8 +7.1
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 53 7.3 +11.7
ROSC Hartford Multifactor Small Cap ETF 0.5 34 26 8.6 +13.0
VFQY Vanguard U.S. Quality Factor ETF 0.5 13 47 7.5 +11.8
RSSL Global X Russell 2000 ETF 0.5 8 52 2.6 +6.9
VTWO Vanguard Russell 2000 ETF 0.5 10 50 2.9 +7.2
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 51 7.5 +11.8
SSPY Syntax Stratified LargeCap ETF 0.5 30 30 6.3 +10.6
VCR Vanguard Consumer Discretionary ETF 0.4 10 50 4.4 +8.7
DEW WisdomTree Global High Dividend Fund 0.4 58 2 8.5 +12.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.4 61 -1 6.0 +10.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 54 4.0 +8.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 45 10.2 +14.6
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 9.8 +14.2
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 0 7.1 +11.5
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 54 7.2 +11.5
VFH Vanguard Financials ETF 0.4 10 50 5.7 +10.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 35 5.2 +9.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -29 4.9 +9.3
IXG iShares Global Financials ETF 0.4 42 18 6.2 +10.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 35 7.2 +11.6
IYC iShares U.S. Consumer Discretionary ETF 0.4 40 20 3.4 +7.7
DFAS Dimensional U.S. Small Cap ETF 0.4 26 34 5.5 +9.8
IYG iShares US Financial Services ETF 0.4 40 20 5.0 +9.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 43 5.3 +9.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 -20 3.8 +8.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.4 20 40 5.6 +9.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 -7 8.6 +12.9
STXK Strive Small-Cap ETF 0.4 18 42 5.0 +9.3
DFAU Dimensional US Core Equity Market ETF 0.4 12 48 5.0 +9.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.4 12 48 4.5 +8.8
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 48 7.8 +12.1
VONV Vanguard Russell 1000 Value ETF 0.4 8 52 6.3 +10.6
FUNL CornerCap Fundametrics Large-Cap ETF 0.4 50 10 6.7 +11.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 49 8.4 +12.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 24 7.8 +12.2
FIDU Fidelity MSCI Industrial Index ETF 0.4 8 52 4.5 +8.8
KNCT Invesco Next Gen Connectivity ETF 0.3 40 20 5.6 +9.9
CZA Invesco Zacks Mid-Cap ETF 0.3 72 -12 5.6 +10.0
IBLC iShares Blockchain and Tech ETF 0.3 47 13 -1.7 +2.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 48 6.2 +10.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 36 7.0 +11.3
IWD iShares Russell 1000 Value ETF 0.3 19 41 6.1 +10.5
IGV iShares Expanded Tech-Software Sector ETF 0.3 41 19 2.3 +6.6
QGRO American Century U.S. Quality Growth ETF 0.3 29 31 4.4 +8.8
VTHR Vanguard Russell 3000 ETF 0.3 10 50 4.7 +9.1
FQAL Fidelity Quality Factor ETF 0.3 15 45 5.8 +10.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 51 4.8 +9.1
RVRB Reverb ETF 0.3 30 30 4.7 +9.0
VONE Vanguard Russell 1000 ETF 0.3 8 52 4.9 +9.2
DCOR Dimensional US Core Equity 1 ETF 0.3 14 46 5.3 +9.6
WRND IQ Global Equity R&D Leaders ETF 0.3 18 42 7.5 +11.8
EES WisdomTree U.S. SmallCap Fund 0.3 38 22 9.1 +13.4
IWV iShares Russell 3000 ETF 0.3 20 40 4.7 +9.0
IBB iShares Biotechnology ETF 0.3 45 15 0.3 +4.6
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 32 6.0 +10.3
PSC Principal U.S. Small-Cap ETF 0.3 38 22 5.9 +10.2
FESM Fidelity Enhanced Small Cap ETF 0.3 28 32 1.7 +6.0
IWB iShares Russell 1000 ETF 0.3 15 45 4.8 +9.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -11 -0.5 +3.9
GVLU Gotham 1000 Value ETF 0.3 50 10 7.4 +11.8
FVAL Fidelity Value Factor ETF 0.3 15 45 7.1 +11.4
STXV Strive 1000 Value ETF 0.3 18 42 7.5 +11.9
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 50 4.5 +8.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 50 4.4 +8.8
DFUV Dimensional US Marketwide Value ETF 0.3 22 38 7.2 +11.5
IWF iShares Russell 1000 Growth ETF 0.3 19 41 4.5 +8.8
VONG Vanguard Russell 1000 Growth ETF 0.3 8 52 4.6 +8.9
VFVA Vanguard U.S. Value Factor ETF 0.3 13 47 10.0 +14.3
DFUS Dimensional U.S. Equity ETF 0.3 9 51 4.9 +9.2
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 42 6.4 +10.8
FNCL Fidelity MSCI Financials Index ETF 0.3 8 52 5.6 +10.0
PKW Invesco Buyback Achievers ETF 0.3 62 -2 6.4 +10.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 4.6 +8.9
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 35 5.4 +9.7
TXS Texas Capital Texas Equity Index ETF 0.3 49 11 4.7 +9.0
VBR Vanguard Small Cap Value ETF 0.3 7 53 7.8 +12.2
VIS Vanguard Industrials ETF 0.3 10 50 4.2 +8.5
STXG Strive 1000 Growth ETF 0.3 18 42 4.1 +8.4
QQQ Invesco QQQ Trust Series I 0.3 20 40 4.5 +8.9
QQQM Invesco NASDAQ 100 ETF 0.3 15 45 4.6 +8.9
VOX Vanguard Communication Services ETF 0.3 10 50 4.4 +8.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 27 8.2 +12.6
BLES Inspire Global Hope ETF 0.3 61 -1 6.4 +10.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 42 6.9 +11.3
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.8 +9.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 0 2.3 +6.6
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.7 +9.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 57 4.8 +9.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 21 11.0 +15.4
AVUS Avantis U.S. Equity ETF 0.2 15 45 5.6 +10.0
VTV Vanguard Value ETF 0.2 4 56 6.6 +10.9
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 35 5.9 +10.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 45 7.0 +11.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 45 7.0 +11.3
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 48 6.7 +11.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.2 35 25 6.3 +10.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 41 6.2 +10.5
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 45 6.1 +10.4
ITAN Sparkline Intangible Value ETF 0.2 50 10 5.9 +10.3
BFOR ALPS Barron's 400 ETF 0.2 65 -5 5.6 +10.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 55 7.3 +11.6
HLAL Wahed FTSE USA Shariah ETF 0.2 50 10 4.9 +9.2
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 50 5.0 +9.3
VT Vanguard Total World Stock ETF 0.2 7 53 5.5 +9.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 45 4.7 +9.0
FDG American Century Focused Dynamic Growth ETF 0.2 45 15 2.6 +7.0
IUSV iShares Core S&P US Value ETF 0.2 4 56 6.4 +10.8
IVE iShares S&P 500 Value ETF 0.2 18 42 6.3 +10.6
VOOV Vanguard S&P 500 Value ETF 0.2 10 50 6.3 +10.7
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 56 6.4 +10.7
TTAC FCF US Quality ETF 0.2 59 1 6.3 +10.6
DFSV Dimensional US Small Cap Value ETF 0.2 31 29 8.3 +12.6
IEDI iShares U.S. Consumer Focused ETF 0.2 18 42 5.1 +9.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 51 5.8 +10.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 15 3.6 +7.9
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 5.9 +10.2
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 40 6.1 +10.4
KRUZ Unusual Whales Subversive Republican Trading ETF 0.2 75 -15 5.4 +9.8
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 32 5.7 +10.1
JEPI JPMorgan Equity Premium Income ETF 0.2 35 25 5.1 +9.5
NULC Nuveen ESG Large-Cap ETF 0.2 21 39 5.3 +9.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.9 +9.3
DFVX Dimensional US Large Cap Vector ETF 0.2 22 38 6.1 +10.4
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 25 4.6 +8.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 5.2 +9.5
IWN iShares Russell 2000 Value ETF 0.2 24 36 4.8 +9.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 21 5.8 +10.1
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 40 4.7 +9.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 2 4.6 +8.9
VTWV Vanguard Russell 2000 Value ETF 0.2 15 45 4.9 +9.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 42 7.0 +11.4
VGT Vanguard Information Technology ETF 0.2 10 50 4.4 +8.7
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 52 4.6 +8.9
MODL VictoryShares WestEnd U.S. Sector ETF 0.2 42 18 4.7 +9.1
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 5.3 +9.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -15 4.3 +8.6
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 48 5.8 +10.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.2 35 25 6.6 +10.9
ILCV iShares Morningstar Value ETF 0.2 4 56 6.2 +10.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 26 7.0 +11.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -1 4.6 +8.9
MTUM iShares MSCI USA Momentum Factor ETF 0.2 15 45 4.1 +8.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 15 4.7 +9.0
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.3 +9.6
GDEF Goldman Sachs Defensive Equity ETF 0.1 55 5 4.7 +9.1
HLGE Hartford Longevity Economy ETF 0.1 44 16 6.0 +10.3
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 -25 -0.3 +4.1
PBUS Invesco MSCI USA ETF 0.1 4 56 5.0 +9.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 57 5.1 +9.5
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 53 7.2 +11.5
STRV Strive 500 ETF 0.1 5 55 4.9 +9.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 4.5 +8.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 56 4.2 +8.5
APUE ActivePassive U.S. Equity ETF 0.1 45 15 4.8 +9.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 46 5.0 +9.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 51 4.9 +9.2
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 35 8.8 +13.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 31 6.5 +10.9
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 57 4.9 +9.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 35 6.0 +10.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 25 5.1 +9.5
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 45 7.1 +11.5
REVS Columbia Research Enhanced Value ETF 0.1 19 41 7.4 +11.7
IYJ iShares U.S. Industrials ETF 0.1 40 20 4.5 +8.9
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 11 5.6 +9.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 57 7.2 +11.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 51 5.3 +9.6
QINT American Century Quality Diversified International ETF 0.1 39 21 7.7 +12.0
VALQ American Century U.S. Quality Value ETF 0.1 29 31 7.4 +11.8
QDEF FlexShares Quality Dividend Defensive Index Fund 0.1 37 23 3.9 +8.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.9 +9.3
VV Vanguard Large-Cap ETF 0.1 4 56 4.9 +9.2
TOK iShares MSCI Kokusai ETF 0.1 26 34 5.0 +9.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.1 40 20 3.8 +8.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 51 5.2 +9.5
URTH iShares MSCI World ETF 0.1 24 36 5.2 +9.5
RECS Columbia Research Enhanced Core ETF 0.1 15 45 5.5 +9.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.9 +10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.4 +9.7
SCHB Schwab U.S. Broad Market ETF 0.1 3 57 4.9 +9.2
VEGN US Vegan Climate ETF 0.1 60 0 4.5 +8.9
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 4.7 +9.0
SCHK Schwab 1000 Index ETF 0.1 5 55 5.0 +9.3
IYW iShares U.S. Technology ETF 0.1 40 20 4.4 +8.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.8 +9.2
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.9 +8.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 49 4.8 +9.2
AFLG First Trust Active Factor Large Cap ETF 0.1 55 5 5.8 +10.2
IVV iShares Core S&P 500 ETF 0.1 3 57 5.0 +9.4
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 58 5.0 +9.4
SPY SPDR S&P 500 ETF Trust 0.1 9 51 5.0 +9.3
VOO Vanguard S&P 500 ETF 0.1 3 57 5.0 +9.3
SUSA iShares MSCI USA ESG Select ETF 0.1 25 35 5.0 +9.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 51 5.4 +9.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 51 5.1 +9.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 51 4.7 +9.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 50 5.3 +9.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 45 4.9 +9.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.7 +11.1
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.1 48 12 5.9 +10.2
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -5 4.7 +9.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.3 +8.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 +10.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 5.1 +9.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.9 +9.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 58 5.0 +9.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 5.0 +9.3
GLOF iShares Global Equity Factor ETF 0.1 20 40 7.0 +11.3
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.7 +10.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 28 4.8 +9.2
VOTE TCW Transform 500 ETF 0.1 5 55 4.9 +9.3
BTHM BlackRock Future U.S. Themes ETF 0.1 60 0 4.2 +8.6
IGM iShares Expanded Tech Sector ETF 0.1 41 19 4.4 +8.7
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 18 4.5 +8.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 21 6.8 +11.1
SCHX Schwab U.S. Large-Cap ETF 0.1 3 57 5.0 +9.3
SFY SoFi Select 500 ETF 0.1 0 60 4.5 +8.8
ROUS Hartford Multifactor US Equity ETF 0.1 19 41 6.5 +10.9
IUS Invesco RAFI Strategic US ETF 0.1 19 41 6.8 +11.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 27 8.9 +13.2
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 42 5.3 +9.7
APIE ActivePassive International Equity ETF 0.0 45 15 8.1 +12.5
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 32 7.8 +12.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 54 6.8 +11.1
VHT Vanguard Health Care ETF 0.0 10 50 5.7 +10.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.0 10 50 5.1 +9.5
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 52 6.0 +10.3
SHE SPDR MSCI USA Gender Diversity ETF 0.0 20 40 4.9 +9.3
DUHP Dimensional US High Profitability ETF 0.0 21 39 6.5 +10.8
GSPY Gotham Enhanced 500 ETF 0.0 50 10 5.2 +9.6
DSI iShares MSCI KLD 400 Social ETF 0.0 25 35 5.0 +9.4
SUSL iShares ESG MSCI USA Leaders ETF 0.0 10 50 5.1 +9.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 48 4.8 +9.1
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 31 7.2 +11.5
HDUS Hartford Disciplined US Equity ETF 0.0 19 41 5.9 +10.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 40 4.9 +9.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 35 6.8 +11.1
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 42 4.5 +8.8
DIVB iShares Core Dividend ETF 0.0 5 55 7.5 +11.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 30 4.7 +9.1

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 -13.4 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score -4.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.57
 
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.