ETF Research Center

Vanguard S&P Mid-Cap 400 Growth ETF

ALTAR
Score™

4.5%

Recommen-
dation

NEUTRAL

2021E 2022E
P/E ratio	22.5x	P/Sales ratio	2.5x
P/BV ratio	4.1x	Div. yield	0.8%

Description
Performance
Comps
Fundamentals
Valuation
Rating

Vanguard S&P Mid-Cap 400 Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the S&P Mid-Cap 400 Growth Index.

FUND BASICS
Category	US Equities
Fund Sponsor	Vanguard Group Inc/The
Website	www.vanguard.com
Inception date	Sep 07, 2010
Assets (mns)	$1,059
Currency	USD
Expense ratio	15 bp
Distributions	Annually

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Bank of New York Mellon
Weighting	Market Cap
Index replication	Full
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	238
Wgt avg mkt cap (mns)	$8,258
Large cap (>$10bn)	30.8%
Mid cap ($2-10bn)	68.7%
Small cap (<$2bn)	0.1%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	12.7 %
COGNEX CORP	1.4 %
REPLIGEN CORP	1.4 %
SOLAREDGE TECHNOLOGIES, INC.	1.3 %
FACTSET RESEARCH SYSTEMS INC	1.3 %
WILLIAMS-SONOMA INC	1.3 %
MASIMO CORPORATION	1.3 %
BROWN & BROWN INC	1.2 %
GRACO INC	1.2 %
FAIR ISAAC CORP	1.1 %
TREX COMPANY INC	1.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	97.0 %
	BERMUDA	1.6 %
	IRELAND	0.7 %
	BRITAIN	0.4 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru August 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
14.9%	35.6%	14.4%	13.8%	14.0%

Market Correlations
versus...	Beta	R-squared
S&P500	1.12	91%
MSCI EAFE	1.07	81%
MSCI Emg. Mkts.	0.90	72%

Technical Indicators
Recent close	$202.87
30d moving avg.	$202.66
Annualized volatility	21.7%
Short interest (ETF)	0.0%
Short interest (Underlying)	3.9%
Relative strength (RSI)	51

Liquidity measures
Avg. volume (thou.)	7
Turnover	0.1%
Bid/Ask (% of price)	0.11%
ADV underlying (mns)	$15,967

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 765 potential alternatives to the Vanguard S&P Mid-Cap 400 Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IVOG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

IVOG

Expense:

15 bp

ALTAR Score™:

4.5%

ALTERNATIVE ETFs BASED ON OVERLAP WITH IVOG
Ticker	Fund Name	Overlap¹ vs IVOG (%)	Expense ratio (bp)	Savings vs IVOG (bp)	ALTAR Score™ (%)	ALTAR vs IVOG (%)
MDYG	SPDR S&P 400 Mid Cap Growth ETF	99.4	15	0	4.5	+0.0
IJK	iShares S&P Mid-Cap 400 Growth ETF	99.4	17	-2	4.5	-0.1
IVOO	Vanguard S&P Mid-Cap 400 ETF	63.2	10	5	5.7	+1.2
MDY	SPDR S&P Midcap 400 ETF Trust	62.9	23	-8	5.6	+1.1
SPMD	SPDR Portfolio Mid Cap ETF	62.8	5	10	5.8	+1.3
IJH	iShares Core S&P Mid-Cap ETF	62.8	5	10	5.8	+1.3
XJH	iShares ESG Screened S&P Mid-Cap ETF	62.8	12	3	5.9	+1.3
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	57.9	15	0	6.0	+1.5
MIDE	Xtrackers S&P MidCap 400 ESG ETF	53.6	15	0	6.0	+1.5
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	51.1	60	-45	4.2	-0.3
SMDY	Syntax Stratified MidCap ETF	51.1	35	-20	5.2	+0.7
EWMC	Invesco S&P MidCap 400 Equal Weight ETF	50.0	40	-25	5.6	+1.1
RFG	Invesco S&P Midcap 400 Pure Growth ETF	49.1	35	-20	4.1	-0.4
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	38.4	80	-65	5.1	+0.6
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	35.4	7	8	3.9	-0.6
FNY	First Trust Mid Cap Growth AlphaDEX Fund	35.4	70	-55	1.9	-2.6
RWK	Invesco S&P MidCap 400 Revenue ETF	32.9	39	-24	6.7	+2.2
VBK	Vanguard Small-Cap Growth Index Fund	31.8	7	8	1.8	-2.7
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	30.2	15	0	6.9	+2.3
MDYV	SPDR S&P 400 Mid Cap Value ETF	30.0	15	0	6.9	+2.4
IJJ	iShares S&P Mid-Cap 400 Value ETF	29.9	18	-3	6.8	+2.3
SFYX	Sofi Next 500 ETF	29.2	0	15	4.6	+0.1
JHSC	John Hancock Multifactor Small Cap ETF	27.8	42	-27	5.0	+0.4
FNX	First Trust Mid Cap Core AlphaDEX Fund	27.0	60	-45	5.8	+1.3
RNMC	Mid Cap US Equity Select ETF	27.0	60	-45	6.4	+1.9
VB	Vanguard Small-Cap ETF	26.6	5	10	4.6	+0.1
FSMD	Fidelity Small-Mid Factor ETF	25.1	29	-14	6.5	+1.9
PBSM	Invesco PureBeta MSCI USA Small Cap ETF	24.9	6	9	4.1	-0.4
ESML	iShares MSCI USA Small-Cap ESG Optimized ETF	24.8	17	-2	4.0	-0.5
SCHM	Schwab U.S. Mid-Cap ETF	24.2	4	11	4.9	+0.4
EZM	WisdomTree U.S. MidCap Earnings Fund	23.9	38	-23	7.8	+3.3
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	23.3	30	-15	5.3	+0.8
BKSE	BNY Mellon US Small Cap Core Equity ETF	22.7	4	11	4.2	-0.3
AFMC	First Trust Active Factor Mid Cap ETF	22.6	65	-50	6.5	+2.0
DON	WisdomTree U.S. MidCap Dividend Fund	22.2	38	-23	6.8	+2.3
XMLV	Invesco S&P MidCap Low Volatility ETF	22.0	25	-10	5.3	+0.8
BUL	Pacer US Cash Cows Growth ETF	22.0	60	-45	5.2	+0.7
VBR	Vanguard Small Cap Value Index Fund	21.8	7	8	6.7	+2.1
IUSS	Invesco Strategic US Small Company ETF	21.7	23	-8	4.6	+0.1
SCHA	Schwab U.S. Small-Cap ETF	21.2	4	11	3.6	-0.9
XMMO	Invesco S&P MidCap Momentum ETF	20.8	34	-19	3.8	-0.7
XMHQ	Invesco S&P MidCap Quality ETF	20.6	25	-10	6.1	+1.6
ISCG	iShares Morningstar Small-Cap Growth ETF	20.3	6	9	0.5	-4.0
NUSC	Nuveen ESG Small-Cap ETF	20.1	40	-25	3.9	-0.6
VXF	Vanguard Extended Market Index Fund	19.5	6	9	2.5	-2.1
DFAS	Dimensional U.S. Small Cap ETF	19.3	34	-19	5.1	+0.6
SIXL	6 Meridian Low Beta Equity Strategy ETF	19.3	88	-73	4.9	+0.4
FNDA	Schwab Fundamental U.S. Small Co. Index ETF	17.9	25	-10	5.1	+0.6
SMMD	iShares Russell 2500 ETF	17.5	15	0	5.0	+0.5
JHMM	John Hancock Multifactor Mid Cap ETF	17.1	42	-27	4.8	+0.3
SMLF	iShares Edge MSCI Multifactor USA Small-Cap ETF	17.1	30	-15	6.6	+2.1
ISCB	iShares Morningstar Small-Cap ETF	17.0	4	11	3.2	-1.3
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	16.5	24	-9	5.7	+1.2
FLQM	Franklin LibertyQ U.S. Mid Cap Equity ETF	16.2	30	-15	5.3	+0.8
IWO	iShares Russell 2000 Growth ETF	15.6	24	-9	0.3	-4.2
USLB	Invesco Russell 1000 Low Beta Equal Weight ETF	15.6	35	-20	5.0	+0.5
VTWG	Vanguard Russell 2000 Growth Index Fund	15.6	15	0	0.4	-4.2
VFQY	Vanguard U.S. Quality Factor ETF	15.5	13	2	5.3	+0.8
USEQ	Invesco Russell 1000 Enhanced Equal Weight ETF	15.4	29	-14	6.2	+1.7
SMMV	iShares Edge MSCI Min Vol USA Small-Cap ETF	14.9	20	-5	3.7	-0.8
PSM	Principal U.S. Small-MidCap Multi-Factor Core Index ETF	14.7	20	-5	0.0	-4.5
ONEO	SPDR Russell 1000 Momentum Focus ETF	14.6	20	-5	6.5	+2.0
ONEV	SPDR Russell 1000 Low Volatility Focus ETF	14.5	20	-5	6.2	+1.7
PEXL	Pacer US Export Leaders ETF	14.3	60	-45	3.8	-0.7
FAD	First Trust Multi Cap Growth AlphaDEX Fund	14.2	63	-48	2.3	-2.3
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	14.2	41	-26	5.7	+1.2
EQAL	Invesco Russell 1000 Equal Weight ETF	13.9	20	-5	5.2	+0.7
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	13.6	29	-14	7.0	+2.5
TPLC	Timothy Plan US Large Cap Core ETF	13.4	52	-37	4.7	+0.2
FNK	First Trust Mid Cap Value AlphaDEX Fund	13.2	70	-55	8.1	+3.6
IMCG	iShares Morningstar Mid-Cap Growth ETF	13.1	6	9	3.1	-1.4
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	13.0	60	-45	7.2	+2.7
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	12.4	64	-49	6.2	+1.7
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	12.4	39	-24	4.0	-0.5
ISCV	iShares Morningstar Small Cap Value ETF	12.3	6	9	5.8	+1.3
FLQS	Franklin LibertyQ U.S. Small Cap Equity ETF	12.1	35	-20	5.2	+0.7
FXD	First Trust Consumer Discretionary AlphaDEX Fund	11.7	63	-48	6.2	+1.7
DEUS	Xtrackers Russell 1000 Comprehensive Factor ETF	11.6	17	-2	6.4	+1.9
IWM	iShares Russell 2000 ETF	11.5	19	-4	2.2	-2.3
JHMI	John Hancock Multifactor Industrials ETF	11.5	40	-25	5.2	+0.7
OUSM	O'Shares FTSE Russell Small Cap Quality Dividend ETF	11.5	48	-33	6.0	+1.5
VTWO	Vanguard Russell 2000 Index Fund	11.5	10	5	2.3	-2.2
VFLQ	Vanguard U.S. Liquidity Factor ETF	11.3	13	2	2.9	-1.6
LSAF	LeaderShares AlphaFactor US Core Equity ETF	11.3	75	-60	6.0	+1.5
ISMD	Inspire Small/Mid Cap Impact ETF	11.1	57	-42	4.8	+0.3
BFOR	Barron's 400 ETF	10.8	70	-55	6.0	+1.5
OSCV	Opus Small Cap Value Plus ETF	10.8	79	-64	4.2	-0.3
IWS	iShares Russell Mid-Cap Value ETF	10.7	24	-9	5.7	+1.2
DFAT	Dimensional U.S. Targeted Value ETF	10.5	34	-19	6.5	+2.0
IWR	iShares Russell Midcap ETF	10.4	19	-4	4.6	+0.1
VFMF	Vanguard U.S. Multifactor ETF	10.4	19	-4	7.2	+2.7
VFMO	Vanguard U.S. Momentum Factor ETF	10.2	13	2	2.5	-2.0
IWP	iShares Russell Mid-Cap Growth ETF	10.1	24	-9	2.6	-1.9
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	10.0	20	-5	4.4	-0.1
SENT	AdvisorShares Alpha DNA Equity Sentiment ETF	10.0	112	-97	3.1	-1.4
USVM	VictoryShares USAA MSCI USA Small Cap Value Momentum ETF	9.9	24	-9	6.2	+1.7
BKMC	BNY Mellon US Mid Cap Core Equity ETF	9.8	4	11	4.7	+0.2
IMCB	iShares Morningstar Mid-Cap ETF	9.7	4	11	4.7	+0.2
DFNV	TrimTabs Donoghue Forlines Risk Managed Innovation ETF	9.7	69	-54	4.4	-0.1
PDP	Invesco DWA Momentum ETF	9.6	62	-47	2.5	-2.0
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	9.3	29	-14	5.2	+0.7
CFA	VictoryShares US 500 Volatility Weighted Index ETF	9.1	35	-20	5.4	+0.9
CFO	VictoryShares US 500 Enhanced Volatility Weighted Index ETF	9.1	35	-20	5.4	+0.9
BFTR	Future Innovators ETF	9.1	80	-65	-1.2	-5.7
TUSA	First Trust Total US Market AlphaDEX ETF	9.0	70	-55	5.7	+1.2
BOSS	Global X Founder-Run Companies ETF	9.0	45	-30	2.6	-1.9
JHMC	John Hancock Multifactor Consumer Discretionary ETF	8.8	40	-25	3.5	-1.0
CZA	Invesco Zacks Mid-Cap ETF	8.8	69	-54	5.4	+0.9
QQQJ	Invesco NASDAQ Next Gen 100 ETF	8.8	15	0	2.6	-1.9
JPUS	JPMorgan Diversified Return U.S. Equity ETF	8.6	18	-3	6.1	+1.5
QGRO	American Century STOXX U.S. Quality Growth ETF	8.5	29	-14	3.3	-1.2
PQSG	PGIM QMA Strategic Alpha Small-Cap Growth ETF	8.5	29	-14	2.2	-2.3
DFAC	Dimensional U.S. Core Equity 2 ETF	8.4	19	-4	5.2	+0.7
ETHO	Etho Climate Leadership U.S. ETF	8.3	48	-33	3.9	-0.6
STLG	iShares Factors US Growth Style ETF	8.2	25	-10	5.1	+0.6
ONEY	SPDR Russell 1000 Yield Focus ETF	8.1	20	-5	7.8	+3.2
KLCD	KFA Large Cap Quality Dividend Index ETF	8.0	42	-27	5.8	+1.2
AFSM	First Trust Active Factor Small Cap ETF	7.9	77	-62	5.6	+1.1
FXH	First Trust Health Care AlphaDEX Fund	7.9	61	-46	4.8	+0.3
USMF	WisdomTree U.S. Multifactor Fund	7.7	28	-13	7.1	+2.5
HOMZ	Hoya Capital Housing ETF	7.7	30	-15	7.1	+2.6
XSW	SPDR S&P Software & Services ETF	7.6	35	-20	2.7	-1.8
FIDU	Fidelity MSCI Industrials Index ETF	7.6	8	7	5.2	+0.7
PAVE	Global X U.S. Infrastructure Development ETF	7.6	47	-32	5.0	+0.5
XMVM	Invesco S&P MidCap Value with Momentum ETF	7.6	39	-24	8.9	+4.4
VIS	Vanguard Industrials Index Fund	7.4	10	5	4.9	+0.4
SMLV	SPDR SSGA US Small Cap Low Volatility Index ETF	7.4	12	3	5.7	+1.2
JMIN	JPMorgan U.S. Minimum Volatility ETF	7.4	12	3	5.5	+1.0
FAB	First Trust Multi Cap Value AlphaDEX Fund	7.3	70	-55	7.9	+3.4
AVUV	Avantis U.S. Small Cap Value ETF	7.2	25	-10	6.9	+2.3
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	7.1	30	-15	5.7	+1.2
TTAC	TrimTabs US Free Cash Flow Quality ETF	7.1	59	-44	5.3	+0.8
LGLV	SPDR Russell 1000 Low Volatility ETF	7.1	12	3	4.6	+0.1
JQUA	JPMorgan U.S. Quality Factor ETF	6.9	12	3	5.2	+0.7
IYJ	iShares U.S. Industrials ETF	6.9	42	-27	5.1	+0.6
JMOM	JPMorgan U.S. Momentum Factor ETF	6.9	12	3	3.7	-0.8
VUSE	Vident Core US Equity Fund	6.7	48	-33	8.0	+3.5
STLV	iShares Factors US Value Style ETF	6.7	25	-10	7.8	+3.3
SDY	SPDR S&P Dividend ETF	6.7	35	-20	6.2	+1.7
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	6.7	9	6	3.5	-1.0
JHMH	John Hancock Multifactor Healthcare ETF	6.6	40	-25	5.6	+1.1
RYJ	Invesco Raymond James SB-1 Equity ETF	6.4	76	-61	2.8	-1.7
DWEQ	AdvisorShares Dorsey Wright Alpha Equal Weight ETF	6.3	103	-88	2.9	-1.7
QSY	WisdomTree U.S. LargeCap Value Fund	6.3	38	-23	6.9	+2.4
PSC	Principal U.S. Small Cap Index ETF	6.3	38	-23	5.2	+0.7
IMCV	iShares Morningstar Mid-Cap Value ETF	6.2	6	9	6.5	+2.0
XHB	SPDR S&P Homebuilders ETF	6.2	35	-20	7.9	+3.4
VFVA	Vanguard U.S. Value Factor ETF	6.1	14	1	8.6	+4.0
SLT	Pacer Salt High truBeta US Market ETF	6.1	60	-45	2.7	-1.8
COWZ	Pacer US Cash Cows 100 ETF	6.1	49	-34	9.3	+4.8
JHMT	John Hancock Multifactor Technology ETF	6.1	40	-25	4.3	-0.2
AVUS	Avantis U.S. Equity ETF	6.0	15	0	5.3	+0.7
JSTC	Adasina Social Justice All Cap Global ETF	6.0	89	-74	4.5	-0.0
VALQ	American Century STOXX U.S. Quality Value ETF	5.9	29	-14	7.6	+3.1
JVAL	JPMorgan U.S. Value Factor ETF	5.9	12	3	7.2	+2.7
HTEC	ROBO Global Healthcare Technology & Innovation ETF	5.8	68	-53	0.4	-4.1
PY	Principal Shareholder Yield Index ETF	5.7	15	0	8.4	+3.9
IFRA	iShares U.S. Infrastructure ETF	5.5	40	-25	3.9	-0.6
MFMS	Motley Fool Small-Cap Growth ETF	5.4	85	-70	0.8	-3.7
SCHH	Schwab U.S. REIT ETF	5.4	7	8	5.2	+0.7
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	5.4	8	7	3.8	-0.7
FREL	Fidelity MSCI Real Estate Index ETF	5.4	9	7	5.3	+0.7
TILT	Flexshares Morningstar US Market Factors Tilt Index Fund	5.3	25	-10	5.0	+0.5
QDF	FlexShares Quality Dividend Index Fund	5.3	37	-22	6.2	+1.7
PKW	Invesco Buyback Achievers ETF	5.3	62	-47	7.6	+3.0
VNQ	Vanguard REIT Index Fund	5.3	12	3	5.3	+0.8
VCR	Vanguard Consumer Discretionary Index Fund	5.3	10	5	3.7	-0.8
USRT	iShares Core U.S. REIT ETF	5.3	8	7	5.6	+1.1
FDLO	Fidelity Low Volatility Factor ETF	5.2	29	-14	4.7	+0.1
ROUS	Hartford Multifactor US Equity ETF	5.2	19	-4	5.7	+1.1
QCLN	First Trust Nasdaq Clean Edge Green Energy Index Fund	5.2	60	-45	0.2	-4.3
IYR	iShares U.S. Real Estate ETF	5.2	42	-27	5.2	+0.6
RFFC	RiverFront Dynamic US Flex-Cap ETF	5.1	52	-37	4.6	+0.1
CSML	IQ Chaikin U.S. Small Cap ETF	5.1	35	-20	2.5	-2.0
XHE	SPDR S&P Health Care Equipment ETF	5.1	35	-20	-0.3	-4.8
PSR	Invesco Active U.S. Real Estate Fund	5.1	35	-20	4.7	+0.2
IUSG	iShares Core S&P US Growth ETF	5.1	4	11	4.1	-0.4
GBGR	Global Beta Momentum-Growth ETF	5.1	29	-14	3.3	-1.2
FFTY	Innovator IBD 50 ETF	5.0	80	-65	2.9	-1.6
GLRY	Inspire Faithward Mid Cap Momentum ESG ETF	5.0	85	-70	6.1	+1.5
QDYN	FlexShares Quality Dividend Dynamic Index Fund	4.8	37	-22	6.0	+1.4
BMED	BlackRock Future Health ETF	4.8	85	-70	-0.2	-4.7
HLGE	Hartford Longevity Economy ETF	4.8	44	-29	6.2	+1.7
FRI	First Trust S&P REIT Index Fund	4.8	50	-35	5.0	+0.5
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	4.8	11	4	5.5	+0.9
IBBQ	Invesco Nasdaq Biotechnology ETF	4.8	0	15	0.4	-4.1
PBW	Invesco WilderHill Clean Energy ETF	4.8	70	-55	-1.3	-5.8
FMAT	Fidelity MSCI Materials Index ETF	4.7	8	7	6.0	+1.5
VAW	Vanguard Materials Index Fund	4.7	10	5	6.0	+1.5
ITB	iShares U.S. Home Construction ETF	4.7	42	-27	9.5	+5.0
LEAD	Siren DIVCON Leaders Dividend ETF	4.7	43	-28	5.4	+0.8
DFND	Siren DIVCON Dividend Defender ETF	4.7	144	-129	4.3	-0.2
QVAL	Alpha Architect U.S. Quantitative Value ETF	4.7	49	-34	8.5	+4.0
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	4.7	75	-60	3.1	-1.4
PSET	Principal Price Setters Index ETF	4.6	15	0	4.8	+0.3
NUMG	Nuveen ESG Mid-Cap Growth ETF	4.6	40	-25	2.4	-2.1
REET	iShares Global REIT ETF	4.6	14	1	5.6	+1.0
DTEC	ALPS Disruptive Technologies ETF	4.6	50	-35	2.8	-1.7
IQM	Franklin Intelligent Machines ETF	4.6	50	-35	2.0	-2.5
REVS	Columbia Research Enhanced Value ETF	4.6	19	-4	6.9	+2.4
XSD	SPDR S&P Semiconductor ETF	4.6	35	-20	3.4	-1.1
PBE	Invesco Dynamic Biotechnology & Genome ETF	4.5	58	-43	0.7	-3.8
FYX	First Trust Small Cap Core AlphaDEX Fund	4.5	63	-48	5.9	+1.4
ROBO	Robo Global Robotics & Automation Index ETF	4.5	95	-80	2.2	-2.3
JDIV	JPMorgan U.S. Dividend ETF	4.5	12	3	7.1	+2.6
FFR	First Trust FTSE EPRA/NAREIT Developed Markets Real Estate	4.4	60	-45	5.4	+0.9
KOMP	SPDR Kensho New Economies Composite ETF	4.4	20	-5	1.6	-2.9
MVPS	Amplify Thematic All-Stars ETF	4.4	49	-34	1.8	-2.8
VSDA	VictoryShares Dividend Accelerator ETF	4.4	35	-20	4.8	+0.3
XT	iShares Exponential Technologies ETF	4.4	47	-32	4.7	+0.2
FQAL	Fidelity Quality Factor ETF	4.3	29	-14	4.8	+0.2
DFAU	Dimensional US Core Equity Market ETF	4.3	12	3	4.9	+0.4
IVDG	Invesco Focused Discovery Growth ETF	4.3	59	-44	2.3	-2.3
IBB	iShares NASDAQ Biotechnology ETF	4.2	46	-31	0.1	-4.4
DVOL	First Trust Dorsey Wright Momentum & Low Volatility ETF	4.1	60	-45	3.7	-0.9
IEIH	iShares Evolved U.S. Innovative Healthcare ETF	4.1	18	-3	4.2	-0.3
BNE	Blue Horizon BNE ETF	4.1	87	-72	3.2	-1.3
MMTM	SPDR S&P 1500 Momentum Tilt ETF	4.1	12	3	4.7	+0.2
IHF	iShares U.S. Healthcare Providers ETF	4.1	42	-27	6.6	+2.1
XHS	SPDR S&P Health Care Services ETF	4.1	35	-20	4.4	-0.1
KONG	Formidable Fortress ETF	4.1	89	-74	4.3	-0.2
QLV	FlexShares US Quality Low Volatility Index Fund	4.1	22	-7	4.1	-0.4
IEDI	iShares Evolved U.S. Discretionary Spending ETF	4.0	18	-3	3.8	-0.7
QDEF	FlexShares Quality Dividend Defensive Index Fund	4.0	37	-22	5.9	+1.4
CLMA	iClima Global Decarbonization Transition Leaders ETF	4.0	65	-50	2.1	-2.5
MIDF	iShares Edge MSCI Multifactor USA Mid-Cap ETF	3.9	25	-10	7.0	+2.5
MGMT	Ballast Small/Mid Cap ETF	3.9	110	-95	6.1	+1.6
PPTY	PPTY-U.S. Diversified Real Estate ETF	3.9	49	-34	4.9	+0.4
TPHD	Timothy Plan High Dividend Stock ETF	3.9	52	-37	5.9	+1.4
IGV	iShares Expanded Tech-Software ETF	3.9	46	-31	2.1	-2.4
ERTH	Invesco MSCI Sustainable Future ETF	3.9	58	-43	4.7	+0.2
FYC	First Trust Small Cap Growth AlphaDEX Fund	3.9	71	-56	2.0	-2.5
PBD	Invesco Global Clean Energy ETF	3.8	75	-60	0.1	-4.5
IWN	iShares Russell 2000 Value ETF	3.8	24	-9	4.0	-0.5
VTWV	Vanguard Russell 2000 Value Index Fund	3.8	15	0	4.1	-0.4
FTXL	First Trust Nasdaq Semiconductor ETF	3.8	60	-45	5.4	+0.8
FVD	First Trust Value Line Dividend Index Fund	3.8	70	-55	5.7	+1.1
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	3.8	75	-60	2.7	-1.8
PEZ	Invesco DWA Consumer Cyclicals Momentum ETF	3.8	60	-45	2.2	-2.3
VONV	Vanguard Russell 1000 Value Index Fund	3.7	8	7	6.2	+1.7
IWD	iShares Russell 1000 Value ETF	3.7	19	-4	6.1	+1.6
IEHS	iShares Evolved U.S. Healthcare Staples ETF	3.7	18	-3	4.8	+0.3
IEME	iShares Evolved U.S. Media & Entertainment ETF	3.7	18	-3	5.2	+0.6
SPTM	SPDR Portfolio Total Stock Market ETF	3.7	3	12	5.0	+0.4
SIZE	iShares MSCI USA Size Factor ETF	3.7	15	0	4.8	+0.3
RESP	WisdomTree US ESG Fund of Benef Interest	3.5	28	-13	5.7	+1.2
EUSA	iShares MSCI USA Equal Weighted ETF	3.5	15	0	4.8	+0.3
VHT	Vanguard Health Care Index Fund	3.5	10	5	5.2	+0.7
GINN	Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	3.5	50	-35	2.8	-1.7
SHE	SPDR SSGA Gender Diversity Index ETF	3.5	20	-5	4.2	-0.4
FHLC	Fidelity MSCI Health Care Index ETF	3.5	8	7	5.2	+0.6
PRN	Invesco DWA Industrials Momentum ETF	3.5	60	-45	3.0	-1.5
HKND	Humankind US Stock ETF	3.5	209	-194	3.9	-0.7
VFMV	Vanguard U.S. Minimum Volatility ETF	3.5	13	2	4.9	+0.4
FEVR	Inspire Faithward Large Cap Momentum ESG ETF	3.5	85	-70	3.4	-1.1
ANEW	ProShares MSCI Transformational Changes ETF	3.5	45	-30	2.8	-1.7
QTUM	Defiance Quantum ETF	3.4	40	-25	4.8	+0.2
ESGV	Vanguard ESG U.S. Stock ETF	3.4	12	3	4.6	+0.1
FNDB	Schwab Fundamental U.S. Broad Market Index ETF	3.4	25	-10	5.8	+1.3
FTXD	First Trust Nasdaq Retail ETF	3.4	60	-45	5.1	+0.6
IYF	iShares U.S. Financials ETF	3.4	42	-27	5.7	+1.2
JHMF	John Hancock Multifactor Financials ETF	3.4	40	-25	6.3	+1.8
IYC	iShares U.S. Consumer Services ETF	3.4	43	-28	2.9	-1.6
IWV	iShares Russell 3000 ETF	3.4	20	-5	4.4	-0.1
XRT	SPDR S&P Retail ETF	3.4	35	-20	5.1	+0.6
ITOT	iShares Core S&P Total U.S. Stock Market ETF	3.4	3	12	4.5	+0.0
SCHB	Schwab U.S. Broad Market ETF	3.4	3	12	4.6	+0.1
AMER	Emles Made in America ETF	3.3	49	-34	7.5	+3.0
ONEQ	Fidelity Nasdaq Composite Index Tracking Stock	3.3	21	-6	3.2	-1.4
VTI	Vanguard Total Stock Market Index Fund	3.3	3	12	4.4	-0.1
VTHR	Vanguard Russell 3000 Index Fund	3.3	10	5	4.5	-0.0
IEFN	iShares Evolved U.S. Financials ETF	3.3	18	-3	7.3	+2.8
RNSC	Small Cap US Equity Select ETF	3.3	60	-45	6.3	+1.8
RECS	Columbia Research Enhanced Core ETF	3.3	15	0	5.2	+0.7
IYH	iShares U.S. Healthcare ETF	3.3	43	-28	6.0	+1.5
FVL	First Trust Value Line 100 ETF	3.3	70	-55	0.0	-4.5
NVQ	QRAFT AI-Enhanced US Next Value ETF	3.3	75	-60	8.2	+3.7
VLU	SPDR S&P 1500 Value Tilt ETF	3.2	12	3	6.4	+1.9
RWR	SPDR Dow Jones REIT ETF	3.2	25	-10	5.4	+0.9
RWO	SPDR Dow Jones Global Real Estate ETF	3.2	50	-35	5.2	+0.7
XITK	SPDR FactSet Innovative Technology ETF	3.2	45	-30	0.1	-4.5
IDAT	iShares Cloud 5G and Tech ETF	3.2	47	-32	0.0	-4.5
SOXQ	Invesco PHLX Semiconductor ETF	3.2	0	15	5.7	+1.2
HART	IQ Healthy Hearts ETF	3.2	45	-30	4.3	-0.2
FIVG	Defiance Next Gen Connectivity ETF	3.2	30	-15	4.6	+0.1
TMDV	ProShares Russell US Dividend Growers ETF	3.1	36	-21	5.3	+0.8
DFUS	Dimensional U.S. Equity ETF	3.1	11	4	4.7	+0.2
LSLT	Salt Low truBeta US Market ETF	3.1	60	-45	5.5	+0.9
CWS	AdvisorShares Focused Equity ETF	3.1	77	-62	4.4	-0.1
FLQL	Franklin LibertyQ U.S. Equity ETF	3.1	15	0	6.4	+1.9
IGE	iShares North American Natural Resources ETF	3.0	46	-31	4.3	-0.3
FCPI	Fidelity Stocks for Inflation ETF	3.0	29	-14	7.3	+2.8
THNQ	ROBO Global Artificial Intelligence ETF	3.0	68	-53	1.7	-2.8
HAP	VanEck Vectors Natural Resources ETF	3.0	50	-35	6.2	+1.7
KIE	SPDR S&P Insurance ETF	3.0	35	-20	7.5	+3.0
LUXE	Emles Luxury Goods ETF	3.0	60	-45	3.0	-1.5
CNRG	SPDR S&P Kensho Clean Power ETF	3.0	45	-30	2.0	-2.5
VEGI	iShares MSCI Global Agriculture Producers ETF	2.9	39	-24	4.7	+0.2
SMOG	VanEck Vectors Low Carbon Energy ETF	2.9	62	-47	3.5	-1.1
FXZ	First Trust Materials AlphaDEX Fund	2.9	67	-52	8.2	+3.6
SCHK	Schwab 1000 Index ETF	2.9	5	10	4.7	+0.2
IYY	iShares Dow Jones U.S. ETF	2.9	20	-5	4.6	+0.1
IYK	iShares U.S. Consumer Goods ETF	2.9	43	-28	4.8	+0.3
XBI	SPDR S&P BIOTECH ETF	2.9	35	-20	-0.4	-4.9
IHI	iShares U.S. Medical Devices ETF	2.9	42	-27	2.9	-1.6
FXL	First Trust Technology AlphaDEX Fund	2.9	61	-46	4.4	-0.1
VIG	Vanguard Dividend Appreciation Index Fund	2.9	6	9	5.5	+1.0
CLOU	Global X Cloud Computing ETF	2.8	68	-53	0.7	-3.8
LVOL	American Century Low Volatility ETF	2.8	29	-14	4.6	+0.1
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	2.8	49	-34	3.7	-0.8
DTD	WisdomTree U.S.Total Dividend Fund	2.8	28	-13	6.4	+1.9
ICLN	iShares Global Clean Energy ETF	2.8	46	-31	4.9	+0.4
TAN	Invesco Solar ETF	2.8	69	-54	0.7	-3.8
IWB	iShares Russell 1000 ETF	2.8	15	0	4.6	+0.1
KCE	SPDR S&P Capital Markets ETF	2.8	35	-20	7.1	+2.6
VONE	Vanguard Russell 1000 ETF	2.8	8	7	4.7	+0.2
JHMA	John Hancock Multifactor Materials ETF	2.8	40	-25	6.3	+1.8
BOUT	Innovator IBD Breakout Opportunities ETF	2.7	80	-65	4.7	+0.2
AUSF	Global X Adaptive U.S. Factor ETF	2.7	27	-12	7.7	+3.2
FNCL	Fidelity MSCI Financials Index ETF	2.7	8	7	6.9	+2.4
ILCG	iShares Morningstar Growth ETF	2.7	4	11	3.2	-1.3
IECS	iShares Evolved U.S. Consumer Staples ETF	2.7	18	-3	5.5	+1.0
JHML	John Hancock Multifactor Large Cap ETF	2.7	29	-14	4.9	+0.4
SQLV	Legg Mason Small-Cap Quality Value	2.7	62	-47	5.4	+0.9
VFH	Vanguard Financials Index Fund	2.7	10	5	6.9	+2.4
SULR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	2.7	79	-64	4.6	+0.1
MOO	VanEck Vectors Agribusiness ETF	2.7	56	-41	4.5	-0.1
HELX	Franklin Genomic Advancements ETF	2.6	50	-35	-0.3	-4.8
IAK	iShares U.S. Insurance ETF	2.6	42	-27	7.5	+3.0
VRAI	Virtus Real Asset Income ETF	2.6	55	-40	7.1	+2.6
VNSE	Natixis Vaughan Nelson Select ETF	2.6	80	-65	2.2	-2.4
PQSV	PGIM QMA Strategic Alpha Small-Cap Value ETF	2.6	29	-14	1.6	-2.9
EVX	VanEck Vectors Environmental Services ETF	2.6	55	-40	3.0	-1.6
FLRG	Fidelity U.S. Multifactor ETF	2.6	29	-14	6.4	+1.9
PRF	Invesco FTSE RAFI US 1000 ETF	2.6	39	-24	6.0	+1.5
PSI	Invesco Dynamic Semiconductors ETF	2.6	57	-42	5.1	+0.6
DTN	WisdomTree U.S. Dividend ex-Financials Fund	2.5	38	-23	7.3	+2.8
BBP	BioShares Biotechnology Products Fund	2.5	79	-64	-1.5	-6.0
BTEK	BlackRock Future Tech ETF	2.5	88	-73	-0.1	-4.6
BTEC	Principal Healthcare Innovators Index ETF	2.5	42	-27	-2.0	-6.5
PPA	Invesco Aerospace & Defense ETF	2.4	59	-44	5.7	+1.2
IRBO	iShares Robotics and Artificial Intelligence Multisector ETF	2.4	47	-32	0.8	-3.7
VAMO	Cambria Value & Momentum ETF	2.4	63	-48	5.9	+1.4
GQRE	FlexShares Global Quality Real Estate Index Fund	2.4	45	-30	5.7	+1.2
FXO	First Trust Financials AlphaDEX Fund	2.4	62	-47	8.5	+4.0
RDOG	ALPS REIT Dividend Dogs ETF	2.4	35	-20	7.1	+2.6
DSTL	Distillate US Fundamental Stability & Value ETF	2.4	39	-24	7.1	+2.6
XTN	SPDR S&P Transportation ETF	2.4	35	-20	2.6	-1.9
IYT	iShares Transportation Average ETF	2.4	42	-27	2.6	-2.0
PHO	Invesco Water Resources ETF	2.4	60	-45	2.9	-1.6
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	2.4	65	-50	0.7	-3.8
SPRE	SP Funds S&P Global REIT Sharia ETF	2.4	69	-54	3.4	-1.1
DWAS	Invesco DWA SmallCap Momentum ETF	2.3	60	-45	0.9	-3.6
FDMO	Fidelity Momentum Factor ETF	2.3	29	-14	4.4	-0.1
IYM	iShares U.S. Basic Materials ETF	2.3	43	-28	5.4	+0.9
SOXX	iShares PHLX Semiconductor ETF	2.3	46	-31	5.0	+0.5
PWC	Invesco Dynamic Market ETF	2.3	58	-43	6.0	+1.5
SHFT	iClima Distributed Renewable Energy Transition Leaders ETF	2.3	65	-50	-0.4	-4.9
PFM	Invesco Dividend Achievers ETF	2.3	53	-38	5.3	+0.8
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	2.3	28	-13	6.4	+1.9
CSD	Invesco S&P Spin-Off ETF	2.3	62	-47	4.0	-0.5
FTEC	Fidelity MSCI Information Technology Index ETF	2.3	8	7	4.3	-0.2
VGT	Vanguard Information Technology Index Fund	2.3	10	5	4.3	-0.2
IUSV	iShares Core S&P U.S. Value ETF	2.3	4	11	6.4	+1.8
JSML	Janus Henderson Small Cap Growth Alpha ETF	2.2	30	-15	5.6	+1.1
ACES	ALPS Clean Energy ETF	2.2	55	-40	0.6	-3.9
AIEQ	AI Powered Equity ETF	2.2	80	-65	-0.4	-4.9
IYG	iShares US Financial Services ETF	2.2	42	-27	5.9	+1.4
JHMS	John Hancock Multifactor Consumer Staples ETF	2.1	40	-25	5.5	+1.0
CTEC	Global X CleanTech ETF	2.1	50	-35	2.9	-1.6
REZ	iShares Residential Real Estate Capped ETF	2.1	48	-33	4.5	-0.0
ULVM	VictoryShares USAA MSCI USA Value Momentum ETF	2.1	20	-5	7.3	+2.8
SYLD	Cambria Shareholder Yield ETF	2.1	59	-44	8.3	+3.8
WWOW	Direxion World Without Waste ETF	2.1	50	-35	1.0	-3.5
NXTG	First Trust Indxx NextG ETF	2.1	70	-55	5.3	+0.8
AGNG	Global X Aging Population ETF	2.1	50	-35	3.4	-1.2
VNMC	Natixis Vaughan Nelson Mid Cap ETF	2.1	85	-70	6.2	+1.6
FNDX	Schwab Fundamental U.S. Large Co. Index ETF	2.1	25	-10	5.9	+1.4
ILCB	iShares Morningstar U.S. Equity ETF	2.1	3	12	4.7	+0.2
FXG	First Trust Consumer Staples AlphaDEX Fund	2.1	63	-48	6.6	+2.1
VDC	Vanguard Consumer Staples Index Fund	2.1	10	5	5.4	+0.8
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	2.0	19	-4	5.6	+1.1
VT	Vanguard Total World Stock ETF	2.0	8	7	5.4	+0.9
IGM	iShares Expanded Tech Sector ETF	2.0	46	-31	3.6	-0.9
PSL	Invesco DWA Consumer Staples Momentum ETF	2.0	60	-45	5.2	+0.7
RAYS	Global X Solar ETF	2.0	50	-35	1.1	-3.4
PTH	Invesco DWA Healthcare Momentum ETF	2.0	60	-45	-1.2	-5.7
FSTA	Fidelity MSCI Consumer Staples Index ETF	2.0	8	7	5.4	+0.9
RDVY	First Trust Rising Dividend Achievers ETF	2.0	50	-35	6.9	+2.4
FITE	SPDR Kensho Future Security ETF	2.0	45	-30	2.9	-1.6
BLDG	Cambria Global Real Estate ETF	2.0	59	-44	6.7	+2.2
SCHV	Schwab U.S. Large-Cap Value ETF	1.9	4	11	6.2	+1.7
XDAT	Franklin Exponential Data ETF	1.9	50	-35	1.8	-2.8
FTAG	First Trust Indxx Global Agriculture ETF	1.9	70	-55	5.7	+1.2
JHCS	John Hancock Multifactor Media & Communications ETF	1.9	40	-25	4.9	+0.4
VONG	Vanguard Russell 1000 Growth Index Fund	1.9	8	7	3.8	-0.7
KBE	SPDR S&P Bank ETF	1.9	35	-20	8.5	+4.0
IWF	iShares Russell 1000 Growth ETF	1.9	19	-4	3.7	-0.8
KLDW	Gavekal Knowledge Leaders Developed World ETF	1.9	75	-60	3.8	-0.7
GENY	Principal Millennials Index ETF	1.9	45	-30	5.0	+0.5
FBT	First Trust NYSE Arca Biotechnology Index Fund	1.9	55	-40	-1.2	-5.7
FDG	American Century Focused Dynamic Growth ETF	1.9	45	-30	2.0	-2.5
MXDU	Nationwide Maximum Diversification US Core Equity ETF	1.8	34	-19	3.9	-0.7
HACK	ETFMG Prime Cyber Security ETF	1.8	60	-45	2.5	-2.0
NACP	Impact Shares NAACP Minority Empowerment ETF	1.8	49	-34	4.6	+0.1
FVAL	Fidelity Value Factor ETF	1.8	29	-14	7.2	+2.7
KRMA	Global X Conscious Companies ETF	1.8	43	-28	5.1	+0.6
FXN	First Trust Energy AlphaDEX Fund	1.8	64	-49	3.2	-1.3
NUMV	Nuveen ESG Mid-Cap Value ETF	1.8	40	-25	6.5	+2.0
LYFE	2nd Vote Life Neutral Plus ETF	1.8	75	-60	6.0	+1.5
DHS	WisdomTree U.S. High Dividend Fund	1.8	38	-23	8.1	+3.6
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	1.8	35	-20	7.0	+2.5
SDGA	Impact Shares Sustainable Development Goals Global ETF	1.8	75	-60	5.5	+1.0
GRES	IQ Global Resources ETF	1.7	78	-63	7.0	+2.5
GVIP	Goldman Sachs Hedge Industry VIP ETF	1.7	45	-30	3.5	-1.0
FCOM	Fidelity MSCI Telecommunication Services Index ETF	1.7	8	7	3.9	-0.6
FPX	First Trust US IPO Index Fund	1.7	57	-42	1.0	-3.5
TECB	iShares US Tech Breakthrough Multisector ETF	1.7	40	-25	3.5	-1.1
IVES	Wedbush ETFMG Global Cloud Technology ETF	1.7	68	-53	1.9	-2.7
IYE	iShares U.S. Energy ETF	1.7	42	-27	4.0	-0.5
VOX	Vanguard Telecommunication Services Index Fund	1.7	10	5	3.8	-0.8
PFI	Invesco DWA Financial Momentum ETF	1.7	60	-45	7.1	+2.6
OLD	The Long-Term Care ETF	1.7	30	-15	5.1	+0.6
DVLU	First Trust Dorsey Wright Momentum & Value ETF	1.7	60	-45	9.7	+5.2
INDS	Pacer Benchmark Industrial Real Estate SCTR ETF	1.7	60	-45	3.4	-1.1
WCLD	WisdomTree Cloud Computing Fund	1.7	45	-30	-1.1	-5.7
SRVR	Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF	1.7	60	-45	1.8	-2.7
KRE	SPDR S&P Regional Banking ETF	1.7	35	-20	7.5	+3.0
KVLE	KFA Value Liner Dynamic Core Equity Index ETF	1.7	56	-41	5.1	+0.6
MILN	Global X Millennial Consumer ETF	1.7	50	-35	2.2	-2.3
SYV	SPDR MFS Systematic Value Equity ETF	1.6	60	-45	0.0	-4.5
SIMS	SPDR S&P Kensho Intelligent Structures ETF	1.6	45	-30	3.2	-1.3
SKYY	First Trust Cloud Computing ETF	1.6	60	-45	2.2	-2.4
DGRO	iShares Core Dividend Growth ETF	1.6	8	7	6.3	+1.8
SCHX	Schwab U.S. Large-Cap ETF	1.6	3	12	4.7	+0.2
LRGF	iShares Edge MSCI Multifactor USA ETF	1.6	20	-5	6.6	+2.1
EBIZ	Global X E-Commerce ETF	1.6	50	-35	4.8	+0.3
FTXG	First Trust Nasdaq Food & Beverage ETF	1.6	60	-45	6.8	+2.2
LOUP	Innovator Loup Frontier Tech ETF	1.6	70	-55	4.0	-0.5
DYNF	BlackRock U.S. Equity Factor Rotation ETF	1.6	30	-15	4.5	-0.1
PYZ	Invesco DWA Basic Materials Momentum ETF	1.6	60	-45	7.7	+3.2
FENY	Fidelity MSCI Energy Index ETF	1.6	8	7	4.0	-0.5
VDE	Vanguard Energy Index Fund	1.6	10	5	3.9	-0.6
NULG	Nuveen ESG Large-Cap Growth ETF	1.6	35	-20	3.1	-1.4
NURE	Nuveen Short-Term REIT ETF	1.5	35	-20	4.3	-0.3
IAT	iShares U.S. Regional Banks ETF	1.5	42	-27	7.5	+2.9
TPSC	Timothy Plan US Small Cap Core ETF	1.5	52	-37	6.1	+1.6
IHAK	iShares Cybersecurity & Tech ETF	1.5	47	-32	2.9	-1.6
CSA	VictoryShares US Small Cap Volatility Weighted Index ETF	1.5	35	-20	6.5	+2.0
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	1.5	39	-24	4.7	+0.2
CSF	VictoryShares US Discovery Enhanced Volatility Weighted Idx	1.5	35	-20	6.4	+1.9
FTHI	First Trust High Income ETF	1.5	85	-70	5.8	+1.3
FTLB	First Trust Hedged BuyWrite Income ETF	1.5	85	-70	5.8	+1.3
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde	1.5	70	-55	3.2	-1.3
FYT	First Trust Small Cap Value AlphaDEX Fund	1.5	72	-57	8.2	+3.7
XME	SPDR S&P Metals & Mining ETF	1.5	35	-20	3.7	-0.8
FTXN	First Trust Nasdaq Oil & Gas ETF	1.5	60	-45	2.0	-2.5
HAIL	SPDR S&P Kensho Smart Mobility ETF	1.4	45	-30	3.4	-1.1
ACWF	iShares MSCI Global Multifactor ETF	1.4	35	-20	7.7	+3.2
ACTV	LeaderShares Activist Leaders ETF	1.4	75	-60	5.0	+0.5
THCX	The Cannabis ETF	1.4	75	-60	-11.8	-16.3
PJP	Invesco Dynamic Pharmaceuticals ETF	1.4	56	-41	13.3	+8.8
ITA	iShares U.S. Aerospace & Defense ETF	1.4	42	-27	5.9	+1.4
XAR	SPDR S&P Aerospace & Defense ETF	1.4	35	-20	5.2	+0.7
BUZZ	VanEck Vectors Social Sentiment ETF	1.4	75	-60	0.0	-4.5
IETC	iShares Evolved U.S. Technology ETF	1.4	18	-3	3.8	-0.8
VICE	AdvisorShares Vice ETF	1.4	99	-84	4.0	-0.5
FIW	First Trust Water ETF	1.4	54	-39	3.0	-1.5
BBH	VanEck Vectors Biotech ETF	1.4	35	-20	3.4	-1.2
DEW	WisdomTree Global High Dividend Fund	1.4	58	-43	8.9	+4.3
WOMN	Impact Shares YWCA Women's Empowerment ETF	1.4	75	-60	4.4	-0.1
BATT	Amplify Advanced Battery Metals & Materials ETF	1.3	59	-44	2.3	-2.2
ILCV	iShares Morningstar Value ETF	1.3	4	11	6.4	+1.9
ISRA	VanEck Vectors Israel ETF	1.3	62	-47	5.0	+0.5
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	1.3	70	-55	2.8	-1.7
ITEQ	BlueStar Israel Technology ETF	1.3	75	-60	1.4	-3.1
IZRL	ARK Israel Innovative Technology ETF	1.3	49	-34	-2.5	-7.1
SHLD	Victoryshares Protect America ETF	1.3	60	-45	7.1	+2.6
CCOR	Core Alternative ETF	1.3	109	-94	4.4	-0.1
PBJ	Invesco Dynamic Food & Beverage ETF	1.3	63	-48	5.7	+1.2
DES	WisdomTree U.S. SmallCap Dividend Fund	1.3	38	-23	6.8	+2.3
CIBR	First Trust NASDAQ CEA Cybersecurity ETF	1.3	60	-45	2.8	-1.7
PKB	Invesco Dynamic Building & Construction ETF	1.3	59	-44	6.6	+2.1
ROSC	Hartford Multifactor Small Cap ETF	1.3	34	-19	7.2	+2.7
ENTR	Entrepreneur 30 Fund	1.3	49	-34	1.2	-3.3
SDG	iShares Sustainable MSCI Global Impact ETF	1.3	49	-34	6.6	+2.1
TOKE	Cambria Cannabis ETF	1.3	42	-27	-2.9	-7.4
MJ	ETFMG Alternative Harvest ETF	1.3	75	-60	-9.1	-13.6
IYW	iShares U.S. Technology ETF	1.3	43	-28	3.8	-0.7
VPN	Global X Data Center REITs & Digital Infrastructure ETF	1.2	50	-35	3.9	-0.6
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.2	9	6	4.9	+0.4
PEJ	Invesco Dynamic Leisure & Entertainment ETF	1.2	63	-48	5.7	+1.2
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	1.2	60	-45	7.7	+3.2
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	1.2	47	-32	5.7	+1.2
RYF	Invesco S&P 500 Equal Weight Financials ETF	1.2	40	-25	7.0	+2.5
SCHG	Schwab U.S. Large-Cap Growth ETF	1.2	4	11	3.4	-1.1
IBBJ	Defiance Nasdaq Junior Biotechnology ETF	1.2	45	-30	0.0	-4.5
BETZ	Roundhill Sports Betting & iGaming ETF	1.2	75	-60	3.3	-1.2
BJK	VanEck Vectors Gaming ETF	1.2	65	-50	2.0	-2.6
KBWR	Invesco KBW Regional Banking ETF	1.2	35	-20	7.5	+3.0
QABA	First Trust NASDAQ ABA Community Bank Index Fund	1.2	60	-45	7.4	+2.9
VYM	Vanguard High Dividend Yield Index ETF	1.2	6	9	6.9	+2.4
EBLU	Ecofin Global Water ESG Fund	1.2	40	-25	3.5	-1.0
CGW	Invesco S&P Global Water Index ETF	1.2	57	-42	3.3	-1.3
EPS	WisdomTree U.S. Earnings 500 Fund	1.2	8	7	6.1	+1.6
IYZ	iShares U.S. Telecommunications ETF	1.2	42	-27	6.2	+1.7
XTL	SPDR S&P Telecom ETF	1.2	35	-20	2.2	-2.4
LVHD	Legg Mason Low Volatility High Dividend ETF	1.2	27	-12	6.8	+2.3
CVY	Invesco Zacks Multi-Asset Income ETF	1.1	94	-79	8.3	+3.8
DRIV	Global X Autonomous & Electric Vehicles ETF	1.1	68	-53	4.7	+0.2
BUG	Global X Cybersecurity ETF	1.1	50	-35	1.3	-3.2
MMLG	First Trust Multi-Manager Large Growth ETF	1.1	85	-70	1.5	-3.0
GBDV	Global Beta Smart Income ETF	1.1	29	-14	8.9	+4.4
DWLD	Davis Select Worldwide ETF	1.1	63	-48	6.3	+1.8
FTXH	First Trust Nasdaq Pharmaceuticals ETF	1.1	60	-45	-3.4	-7.9
MOAT	VanEck Vectors Morningstar Wide Moat ETF	1.1	47	-32	5.5	+1.0
GOAT	VanEck Vectors Morningstar Global Wide Moat ETF	1.1	52	-37	5.1	+0.5
SMDV	ProShares Russell 2000 Dividend Growers ETF	1.1	41	-26	6.0	+1.5
FDRR	Fidelity Dividend ETF for Rising Rates	1.1	29	-14	6.6	+2.1
PSJ	Invesco Dynamic Software ETF	1.1	56	-41	3.1	-1.4
CACG	ClearBridge All Cap Growth ETF	1.1	53	-38	3.6	-0.9
SYE	SPDR MFS Systematic Core Equity ETF	1.1	60	-45	0.0	-4.5
IAI	iShares U.S. Broker-Dealers ETF	1.0	42	-27	6.9	+2.4
IUS	Invesco Strategic US ETF	1.0	19	-4	6.0	+1.5
DSI	iShares MSCI KLD 400 Social ETF	1.0	25	-10	4.6	+0.1
SLX	VanEck Vectors Steel ETF	1.0	56	-41	20.1	+15.6
PXQ	Invesco Dynamic Networking ETF	1.0	63	-48	3.7	-0.8
GLIF	AGFiQ Global Infrastructure ETF	1.0	45	-30	4.5	-0.1
BOTZ	Global X Robotics & Artificial Intelligence ETF	1.0	68	-53	2.0	-2.5
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	1.0	46	-31	6.6	+2.1
EQOP	Natixis U.S. Equity Opportunities ETF	1.0	90	-75	3.8	-0.8
USXF	iShares ESG Advanced MSCI USA ETF	1.0	10	5	4.8	+0.3
FUNL	CornerCap Fundametrics Large-Cap ETF	1.0	50	-35	6.8	+2.3
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	1.0	42	-27	3.9	-0.6
PNQI	Invesco NASDAQ Internet ETF	1.0	60	-45	1.5	-3.0
IDRV	iShares Self-driving EV & Tech ETF	1.0	47	-32	5.3	+0.8
USMV	iShares Edge MSCI Min Vol USA ETF	1.0	15	0	5.1	+0.6
FEDX	Emles Federal Contractors ETF	0.9	60	-45	10.6	+6.1
GNR	SPDR S&P Global Natural Resources ETF	0.9	40	-25	7.6	+3.1
SCHD	Schwab U.S. Dividend Equity ETF	0.9	6	9	7.5	+3.0
RDIV	Invesco S&P Ultra Dividend Revenue ETF	0.9	39	-24	9.5	+4.9
GURU	Global X Guru Index ETF	0.9	75	-60	2.5	-2.0
PTF	Invesco DWA Technology Momentum ETF	0.9	60	-45	3.3	-1.2
LEND	Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF	0.9	65	-50	0.0	-4.5
CBSE	Changebridge Capital Sustainable Equity ETF	0.9	85	-70	0.2	-4.3
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.9	47	-32	4.6	+0.1
FINX	Global X FinTech Thematic ETF	0.9	68	-53	2.8	-1.7
VOT	Vanguard Mid-Cap Growth Index Fund	0.9	7	8	2.7	-1.9
EINC	VanEck Vectors Energy Income ETF	0.9	45	-30	4.1	-0.4
FXU	First Trust Utilities AlphaDEX Fund	0.9	62	-47	5.9	+1.4
ROKT	SPDR S&P Kensho Final Frontiers ETF	0.9	45	-30	4.3	-0.2
IGN	iShares North American Tech-Multimedia Networking ETF	0.9	46	-31	4.9	+0.4
DIV	Global X SuperDividend US ETF	0.9	45	-30	7.0	+2.5
VO	Vanguard Mid-Cap Index Fund	0.9	4	11	4.3	-0.2
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	0.9	15	0	4.8	+0.3
VOE	Vanguard Mid-Cap Value Index Fund	0.8	7	8	6.2	+1.7
LSAT	Leadershares Alphafactor Tactical Focused ETF	0.8	99	-84	7.7	+3.2
TDV	ProShares S&P Technology Dividend Aristocrats ETF	0.8	46	-31	4.7	+0.2
XPH	SPDR S&P Pharmaceuticals ETF	0.8	35	-20	2.1	-2.4
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	0.8	20	-5	4.8	+0.3
RPG	Invesco S&P 500 Pure Growth ETF	0.8	35	-20	3.1	-1.4
KROP	Global X AgTech & Food Innovation ETF	0.8	50	-35	3.4	-1.1
FTXR	First Trust Nasdaq Transportation ETF	0.8	60	-45	3.7	-0.9
VEGN	US Vegan Climate ETF	0.8	60	-45	4.0	-0.5
GERM	ETFMG Treatments Testing and Advancements ETF	0.8	68	-53	-4.7	-9.2
RYT	Invesco S&P 500 Equal Weight Technology ETF	0.8	40	-25	5.1	+0.6
NKEF	Sample Portfolio	0.8	0	15	3.4	-1.1
PXE	Invesco Dynamic Energy Exploration & Production ETF	0.8	63	-48	3.6	-0.9
XOP	SPDR S&P Oil & Gas Exploration & Production ETF	0.8	35	-20	2.7	-1.9
AIQ	Global X Future Analytics Tech ETF	0.8	68	-53	3.5	-1.0
WCBR	WisdomTree Cybersecurity Fund	0.8	45	-30	0.8	-3.7
CBTG	Cabot Growth ETF	0.8	75	-60	0.0	-4.5
JHME	John Hancock Multifactor Energy ETF	0.7	40	-25	3.6	-0.9
PPH	VanEck Vectors Pharmaceutical ETF	0.7	35	-20	10.8	+6.2
IHE	iShares U.S. Pharmaceuticals ETF	0.7	42	-27	6.5	+2.0
YOLO	AdvisorShares Pure Cannabis ETF	0.7	75	-60	-5.6	-10.1
CNBS	Amplify Seymour Cannabis ETF	0.7	75	-60	-9.9	-14.4
AIRR	First Trust RBA American Industrial Renaissance ETF	0.7	70	-55	5.2	+0.7
TDIV	First Trust NASDAQ Technology Dividend Index Fund	0.7	50	-35	5.8	+1.3
PRNT	The 3D Printing ETF	0.7	66	-51	-1.7	-6.2
IDNA	iShares Genomics Immunology & Healthcare ETF	0.7	47	-32	-2.7	-7.2
KSCD	KFA Small Cap Quality Dividend Index ETF	0.7	51	-36	5.9	+1.3
FEX	First Trust Large Cap Core AlphaDEX Fund	0.7	59	-44	5.2	+0.7
MOON	Direxion Moonshot Innovators ETF	0.7	65	-50	-3.6	-8.1
NULC	Nuveen ESG Large-Cap ETF	0.7	20	-5	4.6	+0.1
ADME	Aptus Drawdown Managed Equity ETF	0.7	79	-64	3.8	-0.7
QUAL	iShares MSCI Usa Quality Factor ETF	0.7	15	0	4.9	+0.4
QUS	SPDR MSCI USA StrategicFactors ETF	0.7	15	0	5.2	+0.7
FILL	iShares MSCI Global Energy Producers ETF	0.7	39	-24	7.5	+3.0
HIPR	Direxion High Growth ETF	0.7	40	-25	3.6	-0.9
FTC	First Trust Large Cap Growth AlphaDEX Fund	0.7	60	-45	2.7	-1.8
RNRG	Global X Renewable Energy Producers ETF	0.7	65	-50	2.3	-2.2
PUI	Invesco DWA Utilities Momentum ETF	0.7	60	-45	5.3	+0.8
BLES	Inspire Global Hope Large Cap ETF	0.7	52	-37	5.3	+0.8
MLPX	Global X MLP & Energy Infrastructure ETF	0.6	45	-30	3.7	-0.8
ENFR	Alerian Energy Infrastructure ETF	0.6	65	-50	3.5	-1.0
SMH	VanEck Vectors Semiconductor ETF	0.6	35	-20	5.0	+0.5
CUT	Invesco MSCI Global Timber ETF	0.6	61	-46	7.5	+3.0
FUTY	Fidelity MSCI Utilities Index ETF	0.6	8	7	5.7	+1.2
VPU	Vanguard Utilities Index Fund	0.6	10	5	5.7	+1.2
IDU	iShares U.S. Utilities ETF	0.6	43	-28	5.4	+0.9
BUYZ	Franklin Disruptive Commerce ETF	0.6	50	-35	-0.2	-4.7
PBUS	Invesco PureBeta MSCI USA ETF	0.6	4	11	4.8	+0.2
DVY	iShares Select Dividend ETF	0.6	39	-24	7.9	+3.4
GNOM	Global X Genomics & Biotechnology ETF	0.6	50	-35	-2.0	-6.5
JOYY	Infusive Compounding Global Equities ETF	0.6	50	-35	4.0	-0.5
SUSA	iShares MSCI USA ESG Select ETF	0.6	25	-10	4.5	-0.1
WLDR	Affinity World Leaders Equity ETF	0.6	67	-52	8.2	+3.7
PBS	Invesco Dynamic Media ETF	0.6	63	-48	-5.4	-9.9
SYG	SPDR MFS Systematic Growth Equity ETF	0.6	60	-45	0.0	-4.5
HDIV	QRAFT AI-Enhanced U.S. High Dividend ETF	0.6	75	-60	6.4	+1.9
KBWP	Invesco KBW Property & Casualty Insurance ETF	0.6	35	-20	6.2	+1.7
IPAY	ETFMG Prime Mobile Payments ETF	0.6	75	-60	4.9	+0.4
TPAY	Tortoise Digital Payments Infrastructure Fund	0.6	40	-25	4.6	+0.1
EGIS	2nd Vote Society Defended ETF	0.6	75	-60	6.2	+1.7
HDV	iShares Core High Dividend ETF	0.6	8	7	6.3	+1.8
FLV	American Century Focused Large Cap Value ETF	0.5	42	-27	6.0	+1.5
IVLC	Invesco US Large Cap Core ESG ETF	0.5	48	-33	4.3	-0.2
EES	WisdomTree SmallCap Earnings Fund	0.5	38	-23	8.1	+3.5
IVRA	Invesco Real Assets ESG ETF	0.5	59	-44	4.7	+0.1
SVAL	iShares US Small Cap Value Factor ETF	0.5	20	-5	8.3	+3.8
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd Idx	0.5	35	-20	7.4	+2.9
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF	0.5	37	-22	7.4	+2.9
GAMR	ETFMG Video Game Tech ETF	0.5	75	-60	4.2	-0.3
SFYF	SoFi 50 ETF	0.5	29	-14	-1.3	-5.8
KBWB	Invesco KBW Bank ETF	0.5	35	-20	7.7	+3.2
FTXO	First Trust Nasdaq Bank ETF	0.5	60	-45	7.3	+2.8
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	0.5	68	-53	4.4	-0.2
KOIN	Innovation Shares NextGen Protocol ETF	0.5	95	-80	4.0	-0.5
BITQ	Bitwise Crypto Industry Innovators ETF	0.5	85	-70	-1.3	-5.9
AFLG	First Trust Active Factor Large Cap ETF	0.5	55	-40	5.4	+0.9
JHMU	John Hancock Multifactor Utilities ETF	0.5	40	-25	5.6	+1.1
AQWA	Global X Clean Water ETF	0.5	50	-35	3.8	-0.7
QLC	FlexShares US Quality Large Cap Index Fund	0.5	32	-17	4.8	+0.3
JOET	Virtus Terranova US Quality Momentum ETF	0.5	29	-14	4.4	-0.1
NIFE	Direxion Fallen Knives ETF	0.5	50	-35	4.1	-0.4
VIRS	Pacer BioThreat Strategy ETF	0.5	70	-55	5.0	+0.5
KOKU	Xtrackers MSCI Kokusai Equity ETF	0.4	9	6	5.0	+0.5
TOK	iShares MSCI Kokusai ETF	0.4	25	-10	4.9	+0.4
BFIT	Global X Health & Wellness ETF	0.4	50	-35	4.0	-0.6
URTH	iShares MSCI World ETF	0.4	24	-9	5.0	+0.5
SRET	Global X SuperDividend REIT ETF	0.4	58	-43	9.8	+5.3
FCG	First Trust Natural Gas ETF	0.4	60	-45	3.4	-1.2
FRAK	VanEck Vectors Unconventional Oil & Gas ETF	0.4	54	-39	2.9	-1.6
ESGU	iShares MSCI USA ESG Optimized ETF	0.4	15	0	4.7	+0.2
FTA	First Trust Large Cap Value AlphaDEX Fund	0.4	60	-45	7.7	+3.2
RSP	Invesco S&P 500 Equal Weight ETF	0.4	20	-5	5.3	+0.8
BBC	Virtus LifeSci Biotech Clinical Trials ETF	0.4	79	-64	0.0	-4.5
LIV	Emles (a)Home ETF	0.4	49	-34	2.6	-1.9
QWLD	SPDR MSCI World StrategicFactors ETF	0.4	30	-15	5.3	+0.8
VIDI	Vident International Equity Fund	0.4	59	-44	10.5	+6.0
ALFA	AlphaClone Alternative Alpha ETF	0.4	65	-50	1.1	-3.4
FDL	First Trust Morningstar Dividend Leaders Index Fund	0.4	45	-30	8.1	+3.6
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	0.4	9	6	5.3	+0.8
RFDA	RiverFront Dynamic US Dividend Advantage ETF	0.4	52	-37	4.9	+0.4
TPYP	Tortoise North American Pipeline Fund	0.4	40	-25	5.0	+0.5
GII	SPDR S&P Global Infrastructure ETF	0.4	40	-25	4.0	-0.5
IGF	iShares Global Infrastructure ETF	0.4	46	-31	3.9	-0.6
USAI	Pacer American Energy Independence ETF	0.4	75	-60	3.1	-1.4
DGRS	WisdomTree US SmallCap Quality Dividend Growth Fund	0.4	38	-23	7.5	+2.9
FDVV	Fidelity Core Dividend ETF	0.4	29	-14	6.5	+2.0
PXI	Invesco DWA Energy Momentum ETF	0.4	60	-45	0.6	-3.9
XOUT	GraniteShares XOUT U.S. Large Cap ETF	0.4	60	-45	4.0	-0.5
SGDM	Sprott Gold Miners ETF	0.4	50	-35	5.3	+0.8
JGLD	Amplify Pure Junior Gold Miners ETF	0.4	49	-34	5.1	+0.6
GOAU	U.S. Global GO GOLD & Precious Metal Miners ETF	0.4	60	-45	5.1	+0.6
GDX	VanEck Vectors Gold Miners ETF	0.4	52	-37	4.9	+0.4
CRBN	iShares MSCI ACWI Low Carbon Target ETF	0.4	20	-5	5.3	+0.8
SBIO	ALPS Medical Breakthroughs ETF	0.4	50	-35	0.0	-4.5
ACWI	iShares MSCI ACWI ETF	0.3	32	-17	5.2	+0.7
SUSL	iShares ESG MSCI USA Leaders ETF	0.3	10	5	4.9	+0.4
SNSR	Global X Internet of Things Thematic ETF	0.3	68	-53	3.3	-1.2
LOWC	SPDR MSCI ACWI Low Carbon Target ETF	0.3	20	-5	5.3	+0.8
VETS	Pacer Military Times Best Employers ETF	0.3	60	-45	0.0	-4.5
TRYP	SonicShares Airlines, Hotels, Cruise Lines ETF	0.3	75	-60	-1.3	-5.8
DURA	VanEck Vectors Morningstar Durable Dividend ETF	0.3	29	-14	7.5	+3.0
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	0.3	10	5	4.9	+0.4
PEY	Invesco High Yield Equity Dividend Achievers ETF	0.3	52	-37	7.5	+3.0
WFH	Direxion Work From Home ETF	0.3	45	-30	3.5	-1.0
ACWV	iShares MSCI Global Min Vol Factor ETF	0.3	20	-5	5.3	+0.8
VLUE	iShares MSCI USA Value Factor ETF	0.3	15	0	10.1	+5.6
WOOD	iShares Global Timber & Forestry ETF	0.3	46	-31	8.7	+4.2
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd Idx	0.3	35	-20	7.2	+2.7
BBUS	JP Morgan Betabuilders U.S. Equity ETF	0.3	2	13	4.8	+0.3
ARKX	ARK Space Exploration & Innovation ETF	0.3	75	-60	3.4	-1.1
UFO	Procure Space ETF	0.3	75	-60	2.4	-2.1
ARKQ	Ark Industrial Innovation ETF	0.3	75	-60	0.9	-3.6
ARKK	ARK Innovation ETF	0.3	75	-60	-1.4	-5.9
DIVB	iShares U.S. Dividend & Buyback ETF	0.3	25	-10	6.0	+1.5
NETL	NETLease Corporate Real Estate ETF	0.3	60	-45	6.3	+1.8
ACSI	American Customer Satisfaction Core Alpha ETF	0.3	66	-51	4.4	-0.1
FDN	First Trust Dow Jones Internet Index Fund	0.3	51	-36	1.9	-2.6
EDOC-GB	Global X Telemedicine & Digital Health UCITS ETF	0.3	68	-53	1.2	-3.4
EDOC	Global X Telemedicine & Digital Health ETF	0.3	68	-53	-0.1	-4.6
FOVL	iShares Focused Value Factor ETF	0.3	25	-10	9.8	+5.3
SDIV	Global X SuperDividend ETF	0.3	59	-44	15.4	+10.9
SDEI	Sound Equity Income ETF	0.3	45	-30	9.0	+4.5
RTH	VanEck Vectors Retail ETF	0.3	35	-20	5.0	+0.4
ROOF	IQ US Real Estate Small Cap ETF	0.2	70	-55	8.6	+4.1
XWEB	SPDR S&P Internet ETF	0.2	35	-20	-0.6	-5.2
AWAY	ETFMG Travel Tech ETF	0.2	75	-60	-2.1	-6.6
JETS	US Global Jets ETF	0.2	60	-45	-2.2	-6.7
VTRN	Victory Portfolios II VictoryShares Top Veteran Employers ET	0.2	60	-45	6.4	+1.9
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.2	85	-70	3.7	-0.9
RNLC	Large Cap US Equity Select ETF	0.2	60	-45	5.4	+0.8
HLAL	Wahed FTSE USA Shariah ETF	0.2	50	-35	4.3	-0.2
VTV	Vanguard Value Index Fund	0.2	4	11	6.7	+2.2
SFY	SoFi Select 500 ETF	0.2	0	15	4.5	+0.0
CRUZ	Defiance Hotel Airline and Cruise ETF	0.2	45	-30	-1.3	-5.8
FGD	First Trust Dow Jones Global Select Dividend Index Fund	0.2	59	-44	11.4	+6.9
KBWD	Invesco KBW High Dividend Yield Financial ETF	0.2	124	-109	9.1	+4.6
WBIY	WBI Power Factor High Dividend ETF	0.2	70	-55	8.5	+4.0
EMLP	First Trust North American Energy Infrastructure Fund	0.2	96	-81	4.8	+0.3
MRAD	SmartETFs Advertising & Marketing Technology ETF	0.2	68	-53	1.4	-3.1
SUBZ	Roundhill Streaming Services & Technology ETF	0.2	75	-60	-1.3	-5.8
PLAT	WisdomTree Modern Tech Platforms Fund	0.2	20	-5	1.4	-3.1
GIGE	SoFi Gig Economy ETF	0.2	59	-44	-0.7	-5.2
VV	Vanguard Large-Cap Index Fund	0.2	4	11	4.7	+0.2
NLR	VanEck Vectors Uranium+Nuclear Energy ETF	0.2	61	-46	7.4	+2.9
EWSC	Invesco S&P Smallcap 600 Equal Weight ETF	0.2	40	-25	5.3	+0.8
IEZ	iShares U.S. Oil Equipment & Services ETF	0.2	42	-27	-0.2	-4.7
OIH	VanEck Vectors Oil Services ETF	0.2	35	-20	-0.9	-5.4
PXJ	Invesco Dynamic Oil & Gas Services ETF	0.2	63	-48	-0.9	-5.4
XES	SPDR S&P Oil & Gas Equipment & Services ETF	0.2	35	-20	-3.4	-7.9
LIT	Global X Lithium & Battery Tech ETF	0.1	75	-60	2.0	-2.5
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.1	9	6	5.3	+0.8
CCON	Direxion Connected Consumer ETF	0.1	45	-30	3.2	-1.3
VUG	Vanguard Growth Index Fund	0.1	4	11	3.5	-1.0
SOCL	Global X Social Media ETF	0.1	65	-50	2.3	-2.2
OGIG	O'Shares Global Internet Giants ETF	0.1	48	-33	1.2	-3.3
IBUY	Amplify Online Retail ETF	0.1	65	-50	-1.2	-5.8
DLN	WisdomTree U.S. LargeCap Dividend Fund	0.1	28	-13	6.3	+1.8
IJS	iShares S&P Small-cap 600 Value ETF	0.1	18	-3	7.0	+2.5
SLYV	SPDR S&P 600 Small Cap Value ETF	0.1	15	0	7.0	+2.5
SPSM	SPDR Portfolio S&P 600 Small Cap ETF	0.1	5	10	6.0	+1.5
IJR	iShares Core S&P Small Cap ETF	0.1	6	9	6.0	+1.5
SLY	SPDR S&P 600 Small Cap ETF	0.1	15	0	6.0	+1.4
SSLY	Syntax Stratified SmallCap ETF	0.1	40	-25	5.0	+0.5
SLYG	SPDR S&P 600 Small Cap Growth ETF	0.1	15	0	5.0	+0.5
IJT	iShares S&P Small-Cap 600 Growth ETF	0.1	18	-3	5.0	+0.4
PSCH	Invesco S&P SmallCap Health Care ETF	0.1	29	-14	2.9	-1.6
IPO	Renaissance IPO ETF	0.1	60	-45	0.0	-4.5
CNCR	Loncar Cancer Immunotherapy ETF	0.1	79	-64	-1.7	-6.2
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	0.1	39	-24	6.5	+1.9
GDVD	Principal Active Global Dividend Income ETF	0.1	58	-43	0.0	-4.5
XRMI	Global X S&P 500 Risk Managed Income ETF	0.1	60	-45	4.4	-0.1
PBP	Invesco S&P 500 BuyWrite ETF	0.1	49	-34	4.3	-0.2
ESG	FlexShares STOXX US ESG Impact Index Fund	0.1	32	-17	4.6	+0.1
XYLG	Global X S&P 500 Covered Call & Growth ETF	0.1	60	-45	4.3	-0.2
XTR	Global X S&P 500 Tail Risk ETF	0.1	60	-45	4.5	-0.1
XCLR	Global X S&P 500 Collar 95-110 ETF	0.1	60	-45	4.5	-0.1
RWJ	Invesco S&P SmallCap 600 Revenue ETF	0.1	39	-24	6.6	+2.1
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	0.1	7	8	4.7	+0.2
IQSU	IQ Candriam ESG US Equity ETF	0.0	9	6	4.7	+0.1
PSCD	Invesco S&P SmallCap Consumer Discretionary ETF	0.0	29	-14	7.7	+3.2
VIOV	Vanguard S&P Small-Cap 600 Value ETF	0.0	15	0	6.9	+2.4
VIOO	Vanguard S&P Small-Cap 600 ETF	0.0	10	5	5.9	+1.4
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	0.0	16	-1	4.9	+0.4
RWL	Invesco S&P 500 Revenue ETF	0.0	39	-24	6.1	+1.6
RAFE	PIMCO RAFI ESG U.S. ETF	0.0	30	-15	6.7	+2.2
NULV	Nuveen ESG Large-Cap Value ETF	0.0	35	-20	6.2	+1.7
ESGG	FlexShares STOXX Global ESG Impact Index Fund	0.0	42	-27	4.7	+0.2
VSLU	Applied Finance Valuation Large Cap ETF	0.0	49	-34	5.3	+0.8
SPDW	SPDR Portfolio Developed World ex-US ETF	0.0	4	11	6.1	+1.6
VOOG	Vanguard S&P 500 Growth ETF	0.0	10	5	4.1	-0.4

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2016	2017	2018	2019	2020	2021E	2022E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2020	2021E	2022E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Vanguard S&P Mid-Cap 400 Growth ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	16.9	%
Divided by: Fwd. P/BV	3.6	x
Less: Expense ratio	15	bp
Equals: ALTAR Score	4.5	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.50	CATEGORY AVERAGE	1.49

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.