Renaissance IPO ETF
ALTAR
Score™		 2.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 31.2x P/Sales
ratio		 4.7x
P/BV
ratio		 5.8x Div.
yield		 1.6%


  • 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) $136
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 40
Wgt avg mkt cap (mns) $13,245
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
REDDIT INC-CL A 10.3 %
KENVUE, INC. 10.0 %
COREWEAVE INC-CL A 8.8 %
ASTERA LABS INC 8.4 %
ARM HOLDINGS PLC 5.4 %
NEXTRACKER, INC. CLASS A 5.0 %
VIKING HOLDINGS LTD 4.7 %
RUBRIK INC-A 4.0 %
AMERICAN HEALTHC 3.4 %
INSTACART (MAPLEBEAR) 3.3 %
Total 63.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.1 %
BRITAIN 5.4 %
KAZAKHSTAN 3.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.6% 3.3% -8.2% 9.5% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.43 69%
MSCI EAFE 1.34 44%
MSCI Emg. Mkts. 1.26 48%

Technical Indicators
Recent close $44.34
30d moving avg. $43.75
Annualized volatility 27.5%
Short interest (ETF) 5.6%
Short interest (Underlying) 6.1%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 498 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™: 2.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPO
Ticker Fund
Name		 Overlap1
vs IPO
(%)		 Expense
ratio
(bp)		 Savings
vs IPO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IPO
(%)
FPXE First Trust IPOX Europe Equity Opportunities ETF 8.3 70 -10 4.2 +2.2
SMHX VanEck Fabless Semiconductor ETF 7.6 35 25 2.8 +0.8
FPX First Trust US Equity Opportunities ETF 6.9 61 -1 1.0 -1.0
WAR U.S. Global Tech and Aerospace & Defense ETF 6.9 60 0 0.2 -1.8
TMAT Main Thematic Innovation ETF 6.7 164 -104 -2.0 -4.0
FPXI First Trust International Equity Opportunities ETF 6.7 70 -10 4.2 +2.2
SPRX Spear Alpha ETF 6.5 75 -15 -0.8 -2.8
AGIX KraneShares Artificial Intelligence and Technology ETF 6.3 99 -39 1.5 -0.5
DBSC Deepwater Beachfront Small Cap ETF 6.1 85 -25 1.3 -0.7
ARKW ARK Next Generation Internet ETF 6.1 87 -27 0.7 -1.3
SOCL Global X Social Media ETF 6.0 65 -5 11.7 +9.7
NBDS Neuberger Berman Disrupters ETF 5.9 55 5 0.9 -1.1
SKYY First Trust Cloud Computing ETF 5.8 60 0 3.3 +1.3
SPAM Themes Cybersecurity ETF 5.4 35 25 2.7 +0.7
CHAT Roundhill Generative AI & Technology ETF 5.0 75 -15 5.5 +3.5
TAN Invesco Solar ETF 5.0 67 -7 4.2 +2.2
VCLN Virtus Duff & Phelps Clean Energy ETF 5.0 59 1 2.6 +0.6
ACES ALPS Clean Energy ETF 5.0 55 5 -2.7 -4.7
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.0 58 2 -2.0 -4.0
CTEC Global X CleanTech ETF 5.0 50 10 -0.0 -2.0
ETEC iShares Breakthrough Environmental Solutions ETF 5.0 47 13 2.9 +0.9
ICLN iShares Global Clean Energy ETF 5.0 41 19 1.9 -0.1
BEDZ AdvisorShares Hotel ETF 4.7 100 -40 5.6 +3.6
USRD Themes US R&D Champions ETF 4.4 29 31 4.3 +2.3
BPAY BlackRock Future Financial and Technology ETF 4.4 70 -10 5.8 +3.8
MVAL VanEck Morningstar Wide Moat Value ETF 4.4 49 11 6.2 +4.2
TOGA Tremblant Global ETF 4.2 69 -9 -0.2 -2.2
WCBR WisdomTree Cybersecurity Fund 4.0 45 15 2.8 +0.9
DAT ProShares Big Data Refiners ETF 4.0 58 2 3.4 +1.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 3.8 49 11 4.8 +2.8
CNRG State Street SPDR S&P Kensho Clean Power ETF 3.8 45 15 0.0 -2.0
TRFK Pacer Data and Digital Revolution ETF 3.7 60 0 2.8 +0.8
FCLD Fidelity Cloud Computing ETF 3.7 39 21 3.9 +1.9
ARKK ARK Innovation ETF 3.6 75 -15 -3.1 -5.1
FLV American Century Focused Large Cap Value ETF 3.5 42 18 6.2 +4.2
GRNJ Fundstrat Granny Shts US Sm- &Mid-CapETF 3.5 75 -15 2.2 +0.2
CBSE Clough Select Equity ETF 3.4 85 -25 0.5 -1.5
CHPX Global X AI Semiconductor & Quantum ETF 3.4 50 10 2.6 +0.6
SCDV Bahl & Gaynor Small Cap Dividend ETF 3.4 70 -10 4.1 +2.1
FDCF Fidelity Disruptive Communications ETF 3.3 50 10 2.0 +0.0
METV Roundhill Ball Metaverse ETF 3.3 59 1 8.4 +6.4
XDAT Franklin Exponential Data ETF 3.3 50 10 1.2 -0.8
LRNZ TrueShares Technology, AI & Deep Learning ETF 3.3 69 -9 -0.8 -2.8
FRNW Fidelity Clean Energy ETF 3.3 39 21 1.9 -0.1
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 3.3 60 0 3.4 +1.4
TRFM AAM Transformers ETF 3.1 49 11 1.2 -0.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.1 86 -26 0.2 -1.8
QTUM Defiance Quantum ETF 3.1 40 20 4.9 +2.9
DIVZ TrueShares Low Volatility Equity Income ETF 2.9 65 -5 5.8 +3.8
CIBR First Trust NASDAQ Cybersecurity ETF 2.7 60 0 4.7 +2.7
HYP Golden Eagle Dynamic Hypergrowth ETF 2.6 85 -25 -0.8 -2.8
MOAT VanEck Morningstar Wide Moat ETF 2.6 46 14 5.6 +3.6
OSCV Opus Small Cap Value ETF 2.6 79 -19 6.0 +4.0
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.5 60 0 5.3 +3.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.5 65 -5 1.6 -0.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 2.5 95 -35 -0.5 -2.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.5 57 3 3.2 +1.2
ABLS Abacus FCF Small Cap Leaders ETF 2.5 59 1 5.0 +3.0
SAMT Strategas Macro Thematic Opportunities ETF 2.4 65 -5 2.5 +0.5
PSC Principal U.S. Small-Cap ETF 2.4 38 22 4.0 +2.1
OGIG ALPS O'Shares Global Internet Giants ETF 2.4 48 12 2.5 +0.5
SMOG VanEck Low Carbon Energy ETF 2.4 61 -1 1.3 -0.7
HELX Franklin Genomic Advancements ETF 2.4 50 10 -1.4 -3.4
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.3 40 20 6.8 +4.8
AIS VistaShares Artificial Intelligence Supercycle ETF 2.3 75 -15 1.7 -0.3
POWR iShares U.S. Power Infrastructure ETF 2.3 40 20 3.9 +2.0
RITA ETFB Green SRI REITs ETF 2.3 50 10 5.6 +3.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.3 58 2 3.4 +1.4
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 1 5.0 +3.1
ABFL Abacus FCF Leaders ETF 2.3 59 1 4.0 +2.0
XLP Consumer Staples Select Sector SPDR 2.1 8 52 5.5 +3.6
SAMM Strategas Macro Momentum ETF 2.1 66 -6 3.8 +1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.1 70 -10 2.2 +0.2
ERTH Invesco MSCI Sustainable Future ETF 2.0 62 -2 3.0 +1.0
FFF Founders 100 ETF 2.0 75 -15 2.7 +0.7
WISE Themes Generative Artificial Intelligence ETF 2.0 35 25 -0.4 -2.4
IVES Wedbush ETFMG Global Cloud Technology ETF 1.9 68 -8 4.2 +2.2
SDOG ALPS Sector Dividend Dogs ETF 1.9 36 24 8.5 +6.5
XHS State Street SPDR S&P Health Care Services ETF 1.9 35 25 4.1 +2.1
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.9 55 5 3.4 +1.4
SGRT SMART Earnings Growth 30 ETF 1.9 59 1 2.8 +0.9
NUMV Nuveen ESG Mid-Cap Value ETF 1.8 31 29 5.9 +3.9
QDIV Global X S&P 500 Quality Dividend ETF 1.8 20 40 7.9 +5.9
ICAP InfraCap Equity Income Fund ETF 1.8 171 -111 4.6 +2.7
PBW Invesco WilderHill Clean Energy ETF 1.8 66 -6 -3.2 -5.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.8 30 30 4.1 +2.1
XITK State Street SPDR FactSet Innovative Technology ETF 1.8 45 15 0.2 -1.8
FXL First Trust Technology AlphaDEX Fund 1.7 61 -1 6.2 +4.2
AIRR First Trust RBA American Industrial Renaissance ETF 1.7 70 -10 3.9 +1.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.7 39 21 1.2 -0.8
CSMD Congress SMid Growth ETF 1.7 69 -9 3.6 +1.6
BITQ Bitwise Crypto Industry Innovators ETF 1.7 85 -25 -2.3 -4.3
ARKF ARK Fintech Innovation ETF 1.7 75 -15 0.2 -1.8
DAPP VanEck Digital Transformation ETF 1.7 50 10 0.0 -2.0
BLOK Amplify Transformational Data Sharing ETF 1.7 75 -15 -0.1 -2.1
FSMD Fidelity Small-Mid Multifactor ETF 1.7 15 45 7.0 +5.0
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.7 61 -1 -0.7 -2.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 -15 2.4 +0.4
VERS ProShares Metaverse ETF 1.7 58 2 0.6 -1.4
MISL First Trust Indxx Aerospace & Defense ETF 1.7 60 0 1.6 -0.4
IQM Franklin Intelligent Machines ETF 1.6 50 10 1.3 -0.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 25 5.3 +3.4
XMHQ Invesco S&P MidCap Quality ETF 1.6 25 35 6.1 +4.1
FDHT Fidelity Digital Health ETF 1.6 39 21 1.7 -0.3
FMED Fidelity Disruptive Medicine ETF 1.6 50 10 -1.2 -3.2
FBCG Fidelity Blue Chip Growth ETF 1.6 59 1 2.4 +0.4
SDY State Street SPDR S&P Dividend ETF 1.6 35 25 6.0 +4.0
TMFX Motley Fool Next Index ETF 1.6 50 10 3.1 +1.1
AQEC AQE Core ETF 1.5 49 11 5.1 +3.1
IYK iShares U.S. Consumer Staples ETF 1.5 40 20 5.8 +3.8
VUSG Vanguard Wellington U.S. Growth Active ETF 1.5 35 25 2.6 +0.6
BLDG Cambria Global Real Estate ETF 1.5 60 0 11.2 +9.2
STXM Strive Mid-Cap ETF 1.5 18 42 5.6 +3.6
CCSO Carbon Collective Climate Solutions US Equity ETF 1.5 35 25 1.0 -1.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.5 68 -8 2.6 +0.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.5 61 -1 7.9 +5.9
ABLG Abacus FCF International Leaders ETF 1.5 59 1 6.4 +4.4
LFSC F/m Emerald Life Sciences Innovation ETF 1.5 79 -19 0.0 -2.0
DTEC ALPS Disruptive Technologies ETF 1.5 50 10 3.8 +1.8
AIPO Defiance AI & Power Infrastructure ETF 1.4 69 -9 1.0 -1.0
SOXQ Invesco PHLX Semiconductor ETF 1.4 19 41 3.0 +1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 53 5.7 +3.7
FCOM Fidelity MSCI Communication Services Index ETF 1.4 8 52 4.4 +2.4
AFMC First Trust Active Factor Mid Cap ETF 1.4 65 -5 7.5 +5.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.3 45 15 2.7 +0.7
JSML Janus Henderson Small Cap Growth Alpha ETF 1.3 30 30 3.0 +1.1
MFIG Motley Fool Innovative Growth Factor ETF 1.3 50 10 2.9 +0.9
IWO iShares Russell 2000 Growth ETF 1.3 24 36 0.6 -1.4
ABLD Abacus FCF Real Assets Leaders ETF 1.3 69 -9 6.3 +4.3
WCLD WisdomTree Cloud Computing Fund 1.3 45 15 1.6 -0.4
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 52 5.3 +3.3
VAMO Cambria Value & Momentum ETF 1.2 61 -1 5.3 +3.3
FXG First Trust Consumer Staples AlphaDEX Fund 1.2 63 -3 7.9 +5.9
CLOD Themes Cloud Computing ETF 1.2 35 25 3.4 +1.5
PTL Inspire 500 ETF 1.2 9 51 4.7 +2.7
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 1.2 7 53 10.3 +8.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.2 86 -26 11.6 +9.6
SIXG Defiance Connective Technologies ETF 1.2 30 30 3.4 +1.4
SFYF SoFi Social 50 ETF 1.2 29 31 0.9 -1.1
VDC Vanguard Consumer Staples ETF 1.2 9 51 5.3 +3.3
JMOM JPMorgan U.S. Momentum Factor ETF 1.2 12 48 3.7 +1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.2 64 -4 1.4 -0.6
VUSE Vident U.S. Equity Strategy ETF 1.1 50 10 3.9 +1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -1 1.5 -0.5
GXPS Global X PureCap MSCI Consumer Staples ETF 1.1 25 35 4.6 +2.6
WGMI Valkyrie Bitcoin Miners ETF 1.1 75 -15 -3.4 -5.3
SMAP Amplify Small-Mid Cap Equity ETF 1.1 60 0 4.7 +2.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.1 25 35 8.4 +6.4
FDG American Century Focused Dynamic Growth ETF 1.1 45 15 1.8 -0.2
WDNA WisdomTree BioRevolution Fund 1.1 45 15 -2.4 -4.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 51 5.4 +3.4
NUSC Nuveen ESG Small-Cap ETF 1.0 31 29 5.3 +3.3
CHGX AXS Change Finance ESG ETF 1.0 49 11 4.9 +2.9
UFO Procure Space ETF 1.0 75 -15 0.0 -2.0
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.0 65 -5 4.0 +2.0
VTWG Vanguard Russell 2000 Growth ETF 1.0 10 50 0.7 -1.3
MOTG VanEck Morningstar Global Wide Moat ETF 1.0 52 8 7.6 +5.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.0 29 31 6.9 +4.9
VFMO Vanguard U.S. Momentum Factor ETF 1.0 13 47 1.9 -0.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 25 3.8 +1.8
TPHD Timothy Plan High Dividend Stock ETF 0.9 52 8 6.0 +4.0
BBH VanEck Biotech ETF 0.9 35 25 5.2 +3.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.9 4 56 5.8 +3.8
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.9 30 30 7.6 +5.6
ROSC Hartford Multifactor Small Cap ETF 0.9 34 26 7.7 +5.7
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.9 15 45 3.2 +1.2
IHF iShares U.S. Healthcare Providers ETF 0.9 40 20 8.3 +6.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 0.9 38 22 7.0 +5.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 0.9 35 25 7.0 +5.0
FDN First Trust Dow Jones Internet Index Fund 0.9 52 8 2.9 +0.9
FDND FT Vest Dow Jones Internet & Target Income ETF 0.9 75 -15 2.7 +0.7
BYRE Principal Real Estate Active Opportunities ETF 0.9 65 -5 7.1 +5.1
VOX Vanguard Communication Services ETF 0.9 9 51 4.3 +2.4
CLNR IQ Cleaner Transport ETF 0.9 45 15 3.9 +1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.9 60 0 6.6 +4.6
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 0.9 40 20 2.5 +0.5
BUZZ VanEck Social Sentiment ETF 0.9 75 -15 -0.7 -2.6
KXI iShares Global Consumer Staples ETF 0.8 41 19 5.1 +3.1
FLDZ RiverNorth Patriot ETF 0.8 75 -15 5.7 +3.7
EZM WisdomTree U.S. MidCap Fund 0.8 38 22 8.5 +6.5
AFSM First Trust Active Factor Small Cap ETF 0.8 75 -15 6.5 +4.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 1 2.0 -0.0
HUMN Roundhill Humanoid Robotics ETF 0.8 75 -15 1.3 -0.7
MADE iShares U.S. Manufacturing ETF 0.8 40 20 3.7 +1.7
RSSL Global X Russell 2000 ETF 0.8 8 52 3.0 +1.0
IWM iShares Russell 2000 ETF 0.8 19 41 2.9 +0.9
DFAR Dimensional US Real Estate ETF 0.8 19 41 7.4 +5.4
FRI First Trust S&P REIT Index Fund 0.7 50 10 6.7 +4.7
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 5.7 +3.7
OPTZ Optimize Strategy Index ETF 0.7 50 10 4.1 +2.1
BFOR ALPS Barron's 400 ETF 0.7 65 -5 5.2 +3.2
MFMO Motley Fool Momentum Factor ETF 0.7 50 10 2.3 +0.3
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.7 15 45 4.4 +2.4
SMOT VanEck Morningstar SMID Moat ETF 0.7 49 11 6.7 +4.7
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 43 4.3 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 10 50 4.4 +2.4
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.7 15 45 4.0 +2.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.7 18 42 4.0 +2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -11 -0.6 -2.6
NULV Nuveen ESG Large-Cap Value ETF 0.7 26 34 5.5 +3.5
AVRE Avantis Real Estate ETF 0.7 17 43 6.9 +4.9
JHSC John Hancock Multifactor Small Cap ETF 0.7 42 18 6.4 +4.4
VTWO Vanguard Russell 2000 ETF 0.6 7 53 3.1 +1.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.6 54 6 5.8 +3.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.6 12 48 6.3 +4.3
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 15 4.6 +2.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 -5 5.0 +3.0
SMOX Horizon Small/Mid Cap Core Equity ETF 0.6 75 -15 5.7 +3.7
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 -21 3.4 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -29 4.7 +2.8
VOE Vanguard Mid-Cap Value ETF 0.6 7 53 7.0 +5.0
FCPI Fidelity Stocks for Inflation ETF 0.6 15 45 6.1 +4.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.6 15 45 7.2 +5.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 4.1 +2.1
MDY SPDR S&P Midcap 400 ETF Trust 0.6 23 37 6.3 +4.3
IWP iShares Russell Mid-Cap Growth ETF 0.6 23 37 2.9 +0.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 10 50 4.0 +2.0
FESM Fidelity Enhanced Small Cap ETF 0.6 28 32 2.6 +0.6
IGPT Invesco AI and Next Gen Software ETF 0.6 60 0 3.5 +1.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 56 5.7 +3.7
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 1 5.3 +3.3
FSST Fidelity Sustainable U.S. Equity ETF 0.6 59 1 3.3 +1.3
VO Vanguard Mid-Cap ETF 0.6 4 56 5.5 +3.5
VBK Vanguard Small-Cap Growth ETF 0.6 7 53 1.3 -0.7
IJH iShares Core S&P Mid-Cap ETF 0.5 5 55 6.4 +4.5
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.5 3 57 6.5 +4.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 45 5.4 +3.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.5 7 53 6.4 +4.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 4.5 +2.5
PPTY US Diversified Real Estate ETF 0.5 53 7 7.8 +5.9
KNCT Invesco Next Gen Connectivity ETF 0.5 40 20 3.9 +1.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.5 52 8 5.0 +3.0
FREL Fidelity MSCI Real Estate Index ETF 0.5 8 52 7.1 +5.1
BMED Future Health ETF 0.5 85 -25 1.2 -0.8
VXF Vanguard Extended Market ETF 0.5 5 55 4.1 +2.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -15 3.2 +1.2
DFGR Dimensional Global Real Estate ETF 0.5 22 38 7.1 +5.1
HGRO Hedgeye Quality Growth ETF 0.5 70 -10 3.5 +1.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 54 2.9 +0.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 45 5.4 +3.4
VOT Vanguard Mid-Cap Growth ETF 0.5 7 53 3.2 +1.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.5 18 42 6.3 +4.3
ABOT Abacus FCF Innovation Leaders ETF 0.5 69 -9 4.0 +2.0
AVMV Avantis U.S. Mid Cap Value ETF 0.5 20 40 7.6 +5.6
SOXX iShares Semiconductor ETF 0.5 35 25 3.2 +1.2
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 40 5.9 +3.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 36 7.4 +5.4
SSPY Syntax Stratified LargeCap ETF 0.4 30 30 6.3 +4.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 21 3.9 +1.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 40 6.2 +4.3
GVLU Gotham 1000 Value ETF 0.4 50 10 8.4 +6.4
IMCV iShares Morningstar Mid-Cap Value ETF 0.4 6 54 7.3 +5.3
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.4 43 17 5.3 +3.3
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.4 59 1 4.9 +2.9
FDMO Fidelity Momentum Factor ETF 0.4 15 45 2.7 +0.7
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.4 11 49 7.3 +5.3
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 8 7.0 +5.0
FVD First Trust Value Line Dividend Index Fund 0.4 65 -5 5.6 +3.6
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 42 8.4 +6.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.4 15 45 8.3 +6.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 10 50 8.5 +6.5
IWR iShares Russell Midcap ETF 0.4 19 41 5.7 +3.7
LRND IQ U.S. Large Cap R&D Leaders ETF 0.4 14 46 4.2 +2.2
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -20 5.8 +3.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 45 6.5 +4.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 5.4 +3.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 42 7.0 +5.0
JPSV JPMorgan Active Small Cap Value ETF 0.4 74 -14 8.1 +6.1
HDUS Hartford Disciplined US Equity ETF 0.4 19 41 5.0 +3.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.4 20 40 4.4 +2.4
FXH First Trust Health Care AlphaDEX Fund 0.4 62 -2 5.0 +3.0
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 51 5.7 +3.7
ROUS Hartford Multifactor US Equity ETF 0.4 19 41 5.7 +3.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.4 35 25 6.8 +4.8
DFLV Dimensional US Large Cap Value ETF 0.4 22 38 6.5 +4.5
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 56 5.6 +3.6
ISCB iShares Morningstar Small-Cap ETF 0.4 4 56 5.8 +3.8
NATO Themes Transatlantic Defense ETF 0.4 35 25 1.7 -0.3
SPHQ Invesco S&P 500 Quality ETF 0.3 15 45 4.8 +2.8
IWS iShares Russell Mid-Cap Value ETF 0.3 23 37 6.4 +4.5
IJR iShares Core S&P Small Cap ETF 0.3 6 54 6.9 +4.9
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 57 7.0 +5.0
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 25 5.4 +3.4
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 20 5.4 +3.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 39 3.1 +1.2
DFUV Dimensional US Marketwide Value ETF 0.3 22 38 6.5 +4.6
MNZL Manzil Russell Halal USA Broad MarketETF 0.3 40 20 4.2 +2.2
BIBL Inspire 100 ETF 0.3 35 25 4.6 +2.6
SIZE iShares MSCI USA Size Factor ETF 0.3 15 45 5.7 +3.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 20 4.3 +2.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 40 0.9 -1.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 -1 6.0 +4.0
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 52 3.6 +1.6
ULVM VictoryShares US Value Momentum ETF 0.3 20 40 6.4 +4.5
AVLV Avantis U.S. Large Cap Value ETF 0.3 15 45 6.2 +4.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 48 3.6 +1.6
DFAS Dimensional U.S. Small Cap ETF 0.3 26 34 6.0 +4.0
VB Vanguard Small-Cap ETF 0.3 5 55 5.5 +3.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 7 53 6.8 +4.8
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 48 5.3 +3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 4.6 +2.6
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 42 4.9 +2.9
QGRO American Century U.S. Quality Growth ETF 0.3 29 31 4.0 +2.0
JGRO JPMorgan Active Growth ETF 0.3 44 16 2.5 +0.6
BLES Inspire Global Hope ETF 0.3 61 -1 6.0 +4.0
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 52 3.7 +1.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 36 6.4 +4.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.3 60 0 7.0 +5.0
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 54 3.6 +1.7
VIS Vanguard Industrials ETF 0.3 9 51 3.7 +1.7
WSGE Warren Street Global Equity ETF 0.3 80 -20 3.0 +1.0
STXG Strive 1000 Growth ETF 0.3 18 42 3.4 +1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 4.4 +2.4
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.3 60 0 4.8 +2.8
SFY SoFi Select 500 ETF 0.3 0 60 4.0 +2.0
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 37 5.7 +3.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 2 4.9 +2.9
VALQ American Century U.S. Quality Value ETF 0.3 29 31 7.1 +5.1
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 47 5.8 +3.8
IWN iShares Russell 2000 Value ETF 0.2 24 36 5.3 +3.3
VTWV Vanguard Russell 2000 Value ETF 0.2 10 50 5.4 +3.4
WSML iShares MSCI World Small-Cap ETF 0.2 15 45 5.7 +3.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 25 4.6 +2.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 20 3.5 +1.6
USEW Cambria US EW ETF 0.2 30 30 4.3 +2.3
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 54 8.3 +6.3
STRV Strive 500 ETF 0.2 5 55 4.3 +2.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.6 +2.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 4.4 +2.4
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 45 5.4 +3.4
FTXL First Trust Nasdaq Semiconductor ETF 0.2 60 0 3.3 +1.3
DXUV Dimensional US Vector Equity ETF 0.2 28 32 5.6 +3.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 43 5.0 +3.0
STXV Strive 1000 Value ETF 0.2 18 42 7.0 +5.1
GXPC Global X PureCap MSCI Communication Services ETF 0.2 25 35 4.0 +2.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 22 4.1 +2.1
VEGN US Vegan Climate ETF 0.2 60 0 4.2 +2.2
POW VistaShares Electrification Supercycle ETF 0.2 75 -15 2.4 +0.4
XOEF iShares S&P 500 ex S&P 100 ETF 0.2 20 40 4.9 +2.9
USMF WisdomTree U.S. Multifactor Fund 0.2 28 32 6.6 +4.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 50 4.6 +2.6
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 52 5.4 +3.4
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 25 4.3 +2.3
XT iShares Exponential Technologies ETF 0.2 46 14 4.3 +2.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 42 4.2 +2.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 35 5.2 +3.2
DCOR Dimensional US Core Equity 1 ETF 0.2 14 46 4.9 +2.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 55 7.8 +5.8
PRXG Praxis Impact Large Cap Growth ETF 0.2 36 24 3.3 +1.3
VFMF Vanguard U.S. Multifactor ETF 0.2 18 42 7.1 +5.1
PGJ Invesco Golden Dragon China ETF 0.2 70 -10 13.2 +11.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -12 2.2 +0.2
FBOT Fidelity Disruptive Automation ETF 0.2 50 10 3.1 +1.1
ARKQ ARK Autonomous Technology & Robotics ETF 0.2 75 -15 1.0 -1.0
CARZ First Trust NASDAQ Global Auto Index Fund 0.2 70 -10 3.1 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 21 2.5 +0.5
VOTE TCW Transform 500 ETF 0.2 5 55 4.4 +2.4
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 0 6.2 +4.3
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 1 7.8 +5.8
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 40 6.1 +4.1
DFAU Dimensional US Core Equity Market ETF 0.2 12 48 4.6 +2.6
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 4.8 +2.8
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.2 12 48 6.6 +4.6
VYM Vanguard High Dividend Yield Index ETF 0.2 6 54 6.3 +4.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 8.5 +6.5
MODL VictoryShares WestEnd U.S. Sector ETF 0.2 42 18 4.3 +2.3
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 31 6.7 +4.7
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -30 3.4 +1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -20 6.9 +4.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 48 5.7 +3.8
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 42 5.8 +3.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 28 4.2 +2.3
STXK Strive Small-Cap ETF 0.1 18 42 5.6 +3.6
CALF Pacer US Small Cap Cash Cows 100 ETF 0.1 59 1 9.8 +7.8
GSPY Gotham Enhanced 500 ETF 0.1 50 10 4.7 +2.7
VTV Vanguard Value ETF 0.1 4 56 6.0 +4.0
IUSV iShares Core S&P US Value ETF 0.1 4 56 6.0 +4.0
DFUS Dimensional U.S. Equity ETF 0.1 9 51 4.3 +2.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 51 4.5 +2.5
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -5 3.7 +1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.3 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 58 4.4 +2.4
AVUS Avantis U.S. Equity ETF 0.1 15 45 5.1 +3.1
HLAL Wahed FTSE USA Shariah ETF 0.1 50 10 4.0 +2.0
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 56 5.8 +3.9
VOOV Vanguard S&P 500 Value ETF 0.1 7 53 5.8 +3.8
IVE iShares S&P 500 Value ETF 0.1 18 42 5.7 +3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 27 7.3 +5.3
BCDF Horizon Kinetics Blockchain Development ETF 0.1 85 -25 3.7 +1.7
AVUQ Avantis U.S. Quality ETF 0.1 15 45 3.8 +1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 51 4.6 +2.7
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 43 6.6 +4.7
IYW iShares U.S. Technology ETF 0.1 40 20 3.5 +1.5
DFVX Dimensional US Large Cap Vector ETF 0.1 22 38 5.5 +3.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 57 4.4 +2.4
VTI Vanguard Total Stock Market ETF 0.1 3 57 4.4 +2.4
IWV iShares Russell 3000 ETF 0.1 20 40 4.3 +2.3
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 50 4.5 +2.5
VTHR Vanguard Russell 3000 ETF 0.1 7 53 4.4 +2.4
QQQ Invesco QQQ Trust Series I 0.1 20 40 3.5 +1.5
QQQM Invesco NASDAQ 100 ETF 0.1 15 45 3.6 +1.6
IYY iShares Dow Jones U.S. ETF 0.1 20 40 4.3 +2.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 51 4.6 +2.6
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 22 8.4 +6.4
IGM iShares Expanded Tech Sector ETF 0.1 41 19 3.2 +1.2
IWD iShares Russell 1000 Value ETF 0.1 19 41 5.7 +3.7
VONV Vanguard Russell 1000 Value ETF 0.1 7 53 5.8 +3.8
VBR Vanguard Small Cap Value ETF 0.1 7 53 8.3 +6.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 15 3.9 +1.9
APUE ActivePassive U.S. Equity ETF 0.1 45 15 4.2 +2.2
ADME Aptus Drawdown Managed Equity ETF 0.1 79 -19 3.5 +1.5
PRXV Praxis Impact Large Cap Value ETF 0.1 36 24 5.8 +3.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.1 +2.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 50 4.5 +2.5
ILCV iShares Morningstar Value ETF 0.1 4 56 5.6 +3.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 5.0 +3.1
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 45 4.4 +2.5
RVRB Reverb ETF 0.1 30 30 4.1 +2.2
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 32 9.3 +7.3
VV Vanguard Large-Cap ETF 0.1 4 56 4.4 +2.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.6 +2.6
GXLC Global X U.S. 500 ETF 0.1 2 58 4.3 +2.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 51 4.9 +2.9
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.1 35 25 5.2 +3.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 25 5.9 +3.9
LRGF iShares U.S. Equity Factor ETF 0.1 8 52 4.9 +2.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 57 4.6 +2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -7 9.0 +7.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 57 4.4 +2.4
VONE Vanguard Russell 1000 ETF 0.1 7 53 4.5 +2.5
IWB iShares Russell 1000 ETF 0.1 15 45 4.4 +2.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 5.0 +3.0
RAYD Rayliant Quantitative Developed Market Equity ETF 0.1 80 -20 3.8 +1.8
WRND IQ Global Equity R&D Leaders ETF 0.1 18 42 4.3 +2.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.6 +2.6
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 42 4.7 +2.7
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 42 3.3 +1.3
KLMN Invesco MSCI North America Climate ETF 0.1 9 51 4.6 +2.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 3.8 +1.8
TMFC Motley Fool 100 Index ETF 0.1 50 10 3.2 +1.2
TOPC iShares S&P 500 3% Capped ETF 0.1 15 45 4.6 +2.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 40 6.4 +4.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.1 +4.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 51 4.2 +2.2
VUG Vanguard Growth ETF 0.1 4 56 3.5 +1.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 49 4.6 +2.6
VT Vanguard Total World Stock ETF 0.1 6 54 5.3 +3.3
IUS Invesco RAFI Strategic US ETF 0.1 19 41 6.0 +4.0
EBI Longview Advantage ETF 0.1 35 25 6.3 +4.3
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.5 +2.6
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.2 +2.3
RAUS RACWI US ETF 0.1 15 45 4.4 +2.5
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.3 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.3 +2.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 51 4.2 +2.2
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 11 5.0 +3.0
IWF iShares Russell 1000 Growth ETF 0.1 19 41 3.6 +1.6
VONG Vanguard Russell 1000 Growth ETF 0.1 7 53 3.7 +1.7
IVV iShares Core S&P 500 ETF 0.1 3 57 4.5 +2.5
SPY SPDR S&P 500 ETF 0.1 9 51 4.4 +2.4
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.5 +2.5
VOO Vanguard S&P 500 ETF 0.1 3 57 4.5 +2.5
VHT Vanguard Health Care ETF 0.1 9 51 5.1 +3.2
URTH iShares MSCI World ETF 0.1 24 36 4.6 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 57 6.1 +4.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 50 5.3 +3.3
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.1 48 12 5.5 +3.5
APIE ActivePassive International Equity ETF 0.1 45 15 6.6 +4.6
PBUS Invesco MSCI USA ETF 0.1 4 56 4.5 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.2 +3.2
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.0 +3.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 26 6.1 +4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 5.2 +3.2
REVS Columbia Research Enhanced Value ETF 0.0 19 41 7.1 +5.1
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 3.3 +1.4
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.0 15 45 5.1 +3.2
AFLG First Trust Active Factor Large Cap ETF 0.0 55 5 5.3 +3.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 30 4.1 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 45 9.4 +7.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 31 5.9 +3.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 50 3.9 +1.9
ENHU iShares Enhanced Large Cap Core Active ETF 0.0 22 38 4.4 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 15 7.1 +5.1
VFVA Vanguard U.S. Value Factor ETF 0.0 13 47 9.9 +7.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 49 8.5 +6.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 24 8.1 +6.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 5.3 +3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 48 4.7 +2.7
DFSV Dimensional US Small Cap Value ETF 0.0 31 29 9.5 +7.5
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 42 6.0 +4.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 42 3.5 +1.5
RECS Columbia Research Enhanced Core ETF 0.0 15 45 5.6 +3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 1 9.0 +7.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 42 6.6 +4.6
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 18 3.8 +1.8
GEW Cambria Global EW ETF 0.0 29 31 5.6 +3.6
FBCV Fidelity Blue Chip Value ETF 0.0 59 1 6.1 +4.1
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 32 5.9 +3.9

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 14.8 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 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.