Jacob Forward ETF
ALTAR
Score™		 -13.2% info Recommen-
dation		 AVOID
2022E    2023E
P/E
ratio		 -16.7x P/Sales
ratio		 2.4x
P/BV
ratio		 3.0x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JFWD is actively managed to invest in equity securities of US companies engaged in innovative and disruptive technologies, including those in their early stages of development.

FUND BASICS
Category US Equities
Fund Sponsor Jacob Asset Management
Website jacobforwardetf.com/jacob-etfs
Inception date Jul 13, 2021
Assets (mns) $3
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $23,014
Large cap (>$10bn) 27.3%
Mid cap ($2-10bn) 25.6%
Small cap (<$2bn) 47.2%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
MONGODB, INC. CLASS A 7.1 %
ALPHATEC HOLDINGS INC 6.5 %
CLOUDFLARE INC CLASS A 6.1 %
DRAFTKINGS INC CLASS A 5.8 %
KRYSTAL BIOTECH, INC. 5.1 %
DIGITAL TURBINE, INC. 4.9 %
DOXIMITY, INC. CLASS A 4.7 %
ZILLOW GROUP, INC. CLASS C 4.4 %
TWILIO, INC. CLASS A 3.9 %
BLOCK INC. 3.9 %
Total 52.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 79.3 %
CHINA 9.6 %
SWITZERLAND 2.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.2% -27.0% -- -- -40.1%

Market Correlations
versus... Beta R-squared
S&P500 1.14 48%
MSCI EAFE 1.02 36%
MSCI Emg. Mkts. 0.53 10%

Technical Indicators
Recent close $8.31
30d moving avg. $8.31
Annualized volatility 35.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.6%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $9,971

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 476 potential alternatives to the Jacob Forward ETF ETF based on the alternatives' overlap in portfolio holdings with JFWD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JFWD Expense: 75 bp ALTAR Score™: -13.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JFWD
Ticker Fund
Name		 Overlap1
vs JFWD
(%)		 Expense
ratio
(bp)		 Savings
vs JFWD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JFWD
(%)
ARKK ARK Innovation ETF 15.7 75 0 -6.6 +6.6
ARKW ARK Web x.0 ETF 15.5 83 -8 -5.2 +8.1
ARKF ARK Fintech Innovation ETF 14.1 75 0 -1.8 +11.4
XWEB SPDR S&P Internet ETF 11.6 35 40 -13.4 -0.2
BYOB SoFi Be Your Own Boss ETF 10.8 59 16 -3.3 +9.9
GENY Principal Millennials Index ETF 10.0 45 30 7.5 +20.7
ARKG ARK Genomic Revolution ETF 9.2 75 0 -11.2 +2.1
MEME Roundhill MEME ETF 8.8 69 6 -1.4 +11.9
BWEB Bitwise Web3 ETF 8.6 85 -10 2.4 +15.6
LZRD Parabla Innovation ETF 8.0 69 6 -5.2 +8.0
XDAT Franklin Exponential Data ETF 7.8 50 25 4.1 +17.3
AIEQ AI Powered Equity ETF 7.7 75 0 2.6 +15.8
SKYY First Trust Cloud Computing ETF 7.5 60 15 4.2 +17.4
XITK SPDR FactSet Innovative Technology ETF 7.4 45 30 0.3 +13.5
TWEB SoFi Web 3 ETF 6.8 59 16 -12.9 +0.3
DAT ProShares Big Data Refiners ETF 6.8 58 17 0.5 +13.7
IVES Wedbush ETFMG Global Cloud Technology ETF 6.8 68 7 3.9 +17.1
BKSE BNY Mellon US Small Cap Core Equity ETF 6.6 4 71 6.4 +19.7
PGJ Invesco Golden Dragon China ETF 6.5 70 5 5.4 +18.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.4 7 68 6.2 +19.4
WFH Direxion Work From Home ETF 6.2 45 30 0.0 +13.2
SPRX Spear Alpha ETF 6.1 75 0 1.6 +14.8
BUZZ VanEck Social Sentiment ETF 6.0 75 0 2.3 +15.5
IDAT iShares Cloud 5G and Tech ETF 6.0 47 28 6.5 +19.7
MVPS Amplify Thematic All-Stars ETF 5.9 49 26 2.1 +15.3
FPX First Trust US IPO Index Fund 5.8 57 18 1.4 +14.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 5.8 8 67 5.6 +18.8
ODDS Pacer BlueStar Digital Entertainment ETF 5.8 60 15 5.6 +18.8
BETZ Roundhill Sports Betting & iGaming ETF 5.8 75 0 -0.4 +12.8
IBET iBET Sports Betting and Gaming ETF 5.8 79 -4 2.3 +15.5
HELX Franklin Genomic Advancements ETF 5.6 50 25 2.3 +15.6
WCLD WisdomTree Cloud Computing Fund 5.5 45 30 -0.1 +13.2
XBI SPDR S&P BIOTECH ETF 5.5 35 40 0.0 +13.2
WCBR WisdomTree Cybersecurity Fund 5.1 45 30 1.3 +14.5
LRNZ TrueMark Technology, AI & Deep Learning ETF 5.1 68 7 -1.3 +11.9
BJK VanEck Gaming ETF 4.9 62 13 1.5 +14.7
OGIG O'Shares Global Internet Giants ETF 4.7 48 27 0.1 +13.3
INNO Harbor Disruptive Innovation ETF 4.7 75 0 -3.5 +9.8
FCLD Fidelity Cloud Computing ETF 4.6 39 36 4.5 +17.8
FFTY Innovator IBD 50 ETF 4.6 80 -5 5.0 +18.3
GNOM Global X Genomics & Biotechnology ETF 4.6 50 25 -4.9 +8.3
PTEC Global X PropTech ETF 4.5 50 25 3.2 +16.4
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ET 4.4 85 -10 1.0 +14.2
PUNK Subversive Metaverse ETF 4.4 75 0 2.6 +15.9
IDNA iShares Genomics Immunology & Healthcare ETF 4.4 47 28 -7.6 +5.6
HACK ETFMG Prime Cyber Security ETF 4.3 60 15 5.1 +18.3
BBC Virtus LifeSci Biotech Clinical Trials ETF 4.3 79 -4 0.0 +13.2
CLOU Global X Cloud Computing ETF 4.2 68 7 2.4 +15.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 4.2 68 7 -0.8 +12.5
HAPY Harbor Corporate Culture Leaders ETF 4.1 36 39 4.7 +17.9
BOSS Global X Founder-Run Companies ETF 4.1 45 30 3.3 +16.6
WUGI AXS Esoterica NextG Economy ETF 4.1 75 0 3.0 +16.2
EDOC Global X Telemedicine & Digital Health ETF 4.0 68 7 -6.2 +7.0
FINX Global X FinTech Thematic ETF 3.9 68 7 5.4 +18.6
GFOF Grayscale Future of Finance ETF 3.9 70 5 -2.3 +10.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 3.9 39 36 -0.3 +12.9
DAPP VanEck Digital Transformation ETF 3.9 50 25 -69.8 -56.5
STCE Schwab Crypto Thematic ETF 3.9 30 45 -4.0 +9.3
IBLC iShares Blockchain and Tech ETF 3.9 47 28 -17.9 -4.6
BTEC Principal Healthcare Innovators Index ETF 3.9 42 33 -3.4 +9.9
XDNA Strategic CRISPR & Gene Editing Technology ETF 3.8 78 -3 -3.2 +10.1
WDNA WisdomTree BioRevolution Fund 3.8 45 30 -4.1 +9.1
ENTR Entrepreneur 30 Fund 3.6 49 26 2.4 +15.7
SFYF SoFi 50 ETF 3.6 29 46 -6.7 +6.6
IWFH iShares Virtual Work and Life Multisector ETF 3.6 47 28 -1.3 +11.9
BNGE First Trust S-Network Streaming and Gaming ETF 3.5 70 5 0.7 +13.9
TRFM AAM Transformers ETF 3.5 49 26 2.2 +15.5
IPAY ETFMG Prime Mobile Payments ETF 3.5 75 0 8.1 +21.3
PTH Invesco DWA Healthcare Momentum ETF 3.4 60 15 -3.0 +10.2
HTEC ROBO Global Healthcare Technology & Innovation ETF 3.3 68 7 -0.9 +12.4
BLOK Amplify Transformational Data Sharing ETF 3.2 71 4 -1.5 +11.7
CHIC Global X MSCI China Communication Services ETF 3.2 65 10 -3.3 +9.9
TMFX Motley Fool Next Index ETF 3.2 50 25 4.0 +17.2
EWEB Global X Emerging Markets Internet & E-commerce ETF 3.1 65 10 7.1 +20.3
ISHP First Trust S-Network E-Commerce ETF 3.1 60 15 3.9 +17.2
AOTG AOT Growth and Innovation ETF 3.1 75 0 3.3 +16.5
EKG First Trust Nasdaq Lux Digital Health Solutions ETF 3.1 65 10 -0.7 +12.5
MOON Direxion Moonshot Innovators ETF 3.1 65 10 -22.1 -8.9
RBLD First Trust Alerian US NextGen Infrastructure ETF 3.0 65 10 6.1 +19.3
PNQI Invesco NASDAQ Internet ETF 3.0 60 15 3.1 +16.3
XT iShares Exponential Technologies ETF 2.9 46 29 3.7 +16.9
CIBR First Trust NASDAQ CEA Cybersecurity ETF 2.9 60 15 5.4 +18.6
FDEM Fidelity Emerging Markets Multifactor ETF 2.9 45 30 14.0 +27.3
JSML Janus Henderson Small Cap Growth Alpha ETF 2.9 30 45 9.4 +22.6
FDN First Trust Dow Jones Internet Index Fund 2.9 51 24 3.0 +16.2
LOUP Innovator Loup Frontier Tech ETF 2.8 70 5 3.5 +16.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.8 60 15 2.6 +15.9
FDHT Fidelity Digital Health ETF 2.8 39 36 0.2 +13.5
MILN Global X Millennial Consumer ETF 2.7 50 25 2.9 +16.1
GURU Global X Guru Index ETF 2.7 75 0 5.0 +18.2
GGRW Gabelli Growth Innovators ETF 2.6 90 -15 3.5 +16.7
BAD B.A.D. ETF 2.5 75 0 3.3 +16.5
FPXI First Trust International Equity Opportunities ETF 2.4 70 5 5.9 +19.2
CNCR Loncar Cancer Immunotherapy ETF 2.3 79 -4 -3.0 +10.2
AVEM Avantis Emerging Markets Equity ETF 2.3 33 42 10.1 +23.4
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 2.3 50 25 3.6 +16.9
COWZ Pacer US Cash Cows 100 ETF 2.3 49 26 12.3 +25.6
KWEB KraneShares CSI China Internet ETF 2.2 69 6 -0.4 +12.9
CQQQ Invesco China Technology ETF 2.2 70 5 -11.3 +2.0
QQQN VictoryShares Nasdaq Next 50 ETF 2.2 18 57 6.9 +20.2
IMCG iShares Morningstar Mid-Cap Growth ETF 2.2 6 69 5.3 +18.6
AIQ Global X Future Analytics Tech ETF 2.1 68 7 5.0 +18.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.1 18 57 9.0 +22.3
IBBQ Invesco Nasdaq Biotechnology ETF 2.1 19 56 1.2 +14.4
KOIN Innovation Shares NextGen Protocol ETF 2.1 75 0 7.1 +20.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.0 15 60 9.5 +22.8
FITE SPDR Kensho Future Security ETF 2.0 45 30 3.2 +16.4
EQOP Natixis U.S. Equity Opportunities ETF 2.0 85 -10 6.0 +19.2
MRND IQ U.S. Mid Cap R&D Leaders ETF 2.0 16 59 -1.0 +12.2
VXF Vanguard Extended Market Index Fund 1.9 6 69 4.3 +17.5
ONLN ProShares Online Retail ETF 1.9 58 17 -2.7 +10.5
EBIZ Global X E-Commerce ETF 1.9 50 25 0.7 +13.9
ECON Columbia Emerging Markets Consumer ETF 1.9 49 26 4.3 +17.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.9 40 35 9.0 +22.2
EMM Global X Emerging Markets ETF 1.9 75 0 1.2 +14.4
MINV Matthews Asia Innovators Active ETF 1.9 79 -4 2.5 +15.7
XNTK SPDR NYSE Technology ETF 1.9 35 40 4.7 +18.0
BKCH Global X Blockchain ETF 1.8 50 25 -23.8 -10.5
IBB iShares NASDAQ Biotechnology ETF 1.8 44 31 0.7 +13.9
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.8 61 14 6.9 +20.2
VOT Vanguard Mid-Cap Growth Index Fund 1.7 7 68 5.2 +18.5
MRAD SmartETFs Advertising & Marketing Technology ETF 1.7 68 7 4.7 +18.0
GVIP Goldman Sachs Hedge Industry VIP ETF 1.7 45 30 5.1 +18.3
AADR AdvisorShares Dorsey Wright ADR ETF 1.6 110 -35 7.0 +20.3
EDUT Global X Education ETF 1.6 50 25 2.7 +15.9
BBP BioShares Biotechnology Products Fund 1.6 79 -4 -4.0 +9.3
IWO iShares Russell 2000 Growth ETF 1.6 23 52 3.0 +16.3
VTWG Vanguard Russell 2000 Growth Index Fund 1.6 15 60 3.1 +16.3
DINT Davis Select International ETF 1.6 64 11 8.1 +21.4
PLAT WisdomTree Modern Tech Platforms Fund 1.6 20 55 0.8 +14.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.5 49 26 9.5 +22.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.5 30 45 9.2 +22.4
BTEK BlackRock Future Tech ETF 1.5 88 -13 0.7 +13.9
MEDI Harbor Health Care ETF 1.5 80 -5 1.5 +14.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.5 20 55 5.5 +18.7
FYC First Trust Small Cap Growth AlphaDEX Fund 1.4 70 5 2.2 +15.4
SBIO ALPS Medical Breakthroughs ETF 1.4 50 25 -1.3 +12.0
EQUL IQ Engender Equality ETF 1.4 45 30 7.8 +21.0
IWC iShares Micro-Cap ETF 1.4 60 15 -4.5 +8.7
XHE SPDR S&P Health Care Equipment ETF 1.4 35 40 0.6 +13.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.4 95 -20 2.6 +15.9
TRFK Pacer Data and Digital Revolution ETF 1.4 60 15 5.2 +18.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.4 15 60 4.5 +17.7
TCHI iShares MSCI China Multisector Tech ETF 1.4 59 16 4.8 +18.0
TMFS Motley Fool Small Cap Growth ETF 1.4 85 -10 3.0 +16.2
ISCG iShares Morningstar Small-Cap Growth ETF 1.4 6 69 2.1 +15.4
FDG American Century Focused Dynamic Growth ETF 1.4 45 30 3.1 +16.4
KOMP SPDR Kensho New Economies Composite ETF 1.4 20 55 -1.0 +12.2
PSI Invesco Dynamic Semiconductors ETF 1.3 56 19 6.9 +20.1
PTF Invesco DWA Technology Momentum ETF 1.3 60 15 1.6 +14.8
XSD SPDR S&P Semiconductor ETF 1.3 35 40 6.9 +20.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.3 49 26 4.4 +17.6
SNSR Global X Internet of Things Thematic ETF 1.3 68 7 4.9 +18.2
ITAN Sparkline Intangible Value ETF 1.3 50 25 7.5 +20.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 10 8.8 +22.0
WTV WisdomTree US Value Fund 1.2 12 63 9.8 +23.0
MEM Matthews Emerging Markets Equity Active ETF 1.2 79 -4 6.5 +19.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 0 4.1 +17.3
VR Global X Metaverse ETF 1.2 50 25 6.4 +19.6
QTUM Defiance Quantum ETF 1.2 40 35 4.4 +17.6
IHF iShares U.S. Healthcare Providers ETF 1.2 39 36 6.7 +19.9
METV Roundhill Ball Metaverse ETF 1.2 59 16 4.5 +17.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.2 65 10 6.4 +19.6
BUYZ Franklin Disruptive Commerce ETF 1.2 50 25 2.2 +15.5
IWP iShares Russell Mid-Cap Growth ETF 1.1 23 52 5.4 +18.6
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 1.1 108 -33 2.9 +16.1
SOCL Global X Social Media ETF 1.1 65 10 -6.3 +6.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.1 45 30 2.1 +15.3
IMCB iShares Morningstar Mid-Cap ETF 1.1 4 71 7.3 +20.5
THCX The Cannabis ETF 1.1 75 0 -216.3 -203.1
ERSX ERShares NextGen Entrepreneurs ETF 1.1 75 0 6.8 +20.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.1 4 71 7.2 +20.5
NUMG Nuveen ESG Mid-Cap Growth ETF 1.1 30 45 4.7 +17.9
CGGR Capital Group Growth ETF 1.1 39 36 4.4 +17.6
VBK Vanguard Small-Cap Growth Index Fund 1.1 7 68 1.6 +14.9
FLDZ RiverNorth Volition America Patriot ETF 1.0 70 5 7.0 +20.3
SIZE iShares MSCI USA Size Factor ETF 1.0 15 60 7.0 +20.3
BBH VanEck Biotech ETF 1.0 35 40 5.6 +18.8
VFMO Vanguard U.S. Momentum Factor ETF 1.0 13 62 4.3 +17.6
RFFC RiverFront Dynamic US Flex-Cap ETF 1.0 52 23 7.7 +20.9
PSCT Invesco S&P SmallCap Information Technology ETF 1.0 29 46 6.2 +19.4
TECB iShares US Tech Breakthrough Multisector ETF 1.0 40 35 4.9 +18.2
FXL First Trust Technology AlphaDEX Fund 1.0 61 14 6.1 +19.3
IWM iShares Russell 2000 ETF 1.0 19 56 4.7 +18.0
FMIL Fidelity New Millennium ETF 1.0 59 16 6.6 +19.8
VTWO Vanguard Russell 2000 Index Fund 1.0 10 65 4.4 +17.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.0 63 12 3.9 +17.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.9 6 69 5.9 +19.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 14 8.8 +22.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 5 3.4 +16.7
PAWZ ProShares Pet Care ETF 0.9 50 25 4.5 +17.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.9 9 66 7.2 +20.4
BICK First Trust BICK Index Fund 0.9 64 11 5.9 +19.1
BMED BlackRock Future Health ETF 0.9 85 -10 2.0 +15.2
ISCB iShares Morningstar Small-Cap ETF 0.9 4 71 5.5 +18.7
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 30 5.9 +19.1
FBCG Fidelity Blue Chip Growth ETF 0.9 59 16 2.5 +15.8
GAMR ETFMG Video Game Tech ETF 0.9 75 0 7.0 +20.2
IPO Renaissance IPO ETF 0.9 60 15 11.0 +24.2
SFYX Sofi Next 500 ETF 0.9 0 75 7.0 +20.2
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 0.9 69 6 7.2 +20.5
XSW SPDR S&P Software & Services ETF 0.9 35 40 2.6 +15.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.9 30 45 6.4 +19.6
VO Vanguard Mid-Cap Index Fund 0.8 4 71 7.0 +20.2
BITQ Bitwise Crypto Industry Innovators ETF 0.8 85 -10 -24.9 -11.6
HOMZ Hoya Capital Housing ETF 0.8 30 45 10.0 +23.2
BFTR Future Innovators ETF 0.8 80 -5 2.7 +16.0
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 60 15 -21.3 -8.1
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.8 49 26 7.9 +21.1
BPAY BlackRock Future Financial and Technology ETF 0.8 70 5 9.2 +22.4
DTEC ALPS Disruptive Technologies ETF 0.8 50 25 4.4 +17.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.8 59 16 0.7 +13.9
DWAS Invesco DWA SmallCap Momentum ETF 0.8 60 15 3.0 +16.2
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 16 5.0 +18.2
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.8 47 28 -0.8 +12.4
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 66 7.2 +20.4
JGRO JPMorgan Active Growth ETF 0.8 44 31 4.5 +17.7
GRZZ Grizzle Growth ETF 0.8 75 0 7.1 +20.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.8 17 58 6.0 +19.2
BOUT Innovator IBD Breakout Opportunities ETF 0.7 80 -5 4.9 +18.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.7 9 66 5.0 +18.2
IETC iShares Evolved U.S. Technology ETF 0.7 18 57 5.3 +18.6
SHE SPDR SSGA Gender Diversity Index ETF 0.7 20 55 6.4 +19.6
VIDI Vident International Equity Fund 0.7 61 14 12.5 +25.7
CALF Pacer US Small Cap Cash Cows 100 ETF 0.7 59 16 16.9 +30.2
ECOZ TrueMark ESG Active Opportunities ETF 0.7 58 17 5.2 +18.4
FTEC Fidelity MSCI Information Technology Index ETF 0.7 8 67 5.5 +18.7
VGT Vanguard Information Technology Index Fund 0.7 10 65 5.4 +18.6
CVAR Cultivar ETF 0.7 87 -12 9.0 +22.2
IGM iShares Expanded Tech Sector ETF 0.7 40 35 5.1 +18.3
IYJ iShares U.S. Industrials ETF 0.6 39 36 6.3 +19.6
IYR iShares U.S. Real Estate ETF 0.6 39 36 7.4 +20.7
FREL Fidelity MSCI Real Estate Index ETF 0.6 84 -9 6.9 +20.2
CSML IQ Chaikin U.S. Small Cap ETF 0.6 35 40 7.1 +20.4
VEGN US Vegan Climate ETF 0.6 60 15 5.7 +19.0
SCHA Schwab U.S. Small-Cap ETF 0.6 4 71 5.9 +19.1
IWR iShares Russell Midcap ETF 0.6 18 57 6.7 +20.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 55 7.3 +20.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.6 20 55 -9.1 +4.2
GERM ETFMG Treatments Testing and Advancements ETF 0.6 68 7 -9.9 +3.3
STXK Strive Small-Cap ETF 0.6 18 57 5.7 +18.9
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.6 18 57 6.0 +19.2
DGT SPDR Global Dow ETF 0.5 50 25 8.2 +21.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 36 4.4 +17.6
LRND IQ U.S. Large Cap R&D Leaders ETF 0.5 14 61 6.4 +19.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 0.5 49 26 6.4 +19.6
RYJ Invesco Raymond James SB-1 Equity ETF 0.5 81 -6 5.7 +18.9
VNQ Vanguard REIT Index Fund 0.5 12 63 7.7 +20.9
IYW iShares U.S. Technology ETF 0.5 39 36 5.4 +18.6
AVSC Avantis U.S Small Cap Equity ETF 0.5 25 50 5.7 +18.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 59 16 8.8 +22.0
VB Vanguard Small-Cap ETF 0.5 5 70 6.3 +19.5
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -14 6.6 +19.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 55 8.4 +21.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.5 40 35 4.7 +17.9
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 71 6.8 +20.0
KRMA Global X Conscious Companies ETF 0.4 43 32 6.7 +20.0
CACG ClearBridge All Cap Growth ETF 0.4 53 22 4.1 +17.3
FHLC Fidelity MSCI Health Care Index ETF 0.4 8 67 7.1 +20.3
ILCG iShares Morningstar Growth ETF 0.4 4 71 5.1 +18.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 63 6.9 +20.2
VUG Vanguard Growth Index Fund 0.4 4 71 5.1 +18.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 15 60 5.1 +18.3
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 69 9.0 +22.2
VHT Vanguard Health Care Index Fund 0.4 10 65 7.2 +20.4
NZRO Strategy Shares Halt Climate Change ETF 0.4 95 -20 2.0 +15.2
FXH First Trust Health Care AlphaDEX Fund 0.4 61 14 7.5 +20.7
GDOC Goldman Sachs Future Health Care Equity ETF 0.4 75 0 1.7 +14.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 43 7.3 +20.6
STXG Strive 1000 Growth ETF 0.4 18 57 5.4 +18.7
WCEO Hypatia Women CEO ETF 0.4 85 -10 6.5 +19.7
VALQ American Century STOXX U.S. Quality Value ETF 0.4 29 46 10.5 +23.7
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.3 64 11 8.3 +21.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.3 21 54 4.3 +17.6
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 65 6.1 +19.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.3 65 10 2.6 +15.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 60 6.0 +19.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 6.2 +19.4
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 57 7.1 +20.3
JHSC John Hancock Multifactor Small Cap ETF 0.3 42 33 7.5 +20.7
JHMM John Hancock Multifactor Mid Cap ETF 0.3 41 34 8.1 +21.3
ECNS iShares MSCI China Small-Cap ETF 0.3 57 18 10.1 +23.4
FDWM Fidelity Women's Leadership ETF 0.3 59 16 6.2 +19.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 50 7.0 +20.2
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 71 4 12.8 +26.1
GXC SPDR S&P China ETF 0.3 59 16 12.0 +25.2
SFY SoFi Select 500 ETF 0.3 0 75 6.6 +19.8
AGNG Global X Aging Population ETF 0.3 50 25 4.3 +17.5
ESGU iShares MSCI USA ESG Optimized ETF 0.3 15 60 6.4 +19.6
DFAS Dimensional U.S. Small Cap ETF 0.3 28 47 7.4 +20.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 72 6.2 +19.5
WRND IQ Global Equity R&D Leaders ETF 0.3 18 57 8.1 +21.3
TMFC Motley Fool 100 Index ETF 0.3 50 25 4.8 +18.0
VTWV Vanguard Russell 2000 Value Index Fund 0.3 15 60 5.9 +19.1
IWN iShares Russell 2000 Value ETF 0.3 23 52 6.7 +19.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.3 20 55 6.2 +19.4
HERO Global X Video Games & Esports ETF 0.3 50 25 10.5 +23.8
QGRW WisdomTree U.S. Quality Growth Fund 0.3 28 47 5.4 +18.7
IWV iShares Russell 3000 ETF 0.3 20 55 6.1 +19.3
DFUV Dimensional US Marketwide Value ETF 0.3 23 52 9.5 +22.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.3 25 50 7.0 +20.2
VTI Vanguard Total Stock Market Index Fund 0.3 3 72 6.1 +19.4
IYY iShares Dow Jones U.S. ETF 0.3 20 55 6.2 +19.4
VTHR Vanguard Russell 3000 Index Fund 0.3 10 65 6.2 +19.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.3 60 15 5.8 +19.1
PKW Invesco Buyback Achievers ETF 0.3 64 11 10.1 +23.3
IWX iShares Russell Top 200 Value ETF 0.3 20 55 7.9 +21.1
IWD iShares Russell 1000 Value ETF 0.3 18 57 7.9 +21.2
NULC Nuveen ESG Large-Cap ETF 0.2 20 55 6.5 +19.8
SCHB Schwab U.S. Broad Market ETF 0.2 3 72 6.3 +19.5
NUSC Nuveen ESG Small-Cap ETF 0.2 30 45 5.9 +19.1
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 60 9.4 +22.6
VFVA Vanguard U.S. Value Factor ETF 0.2 13 62 12.5 +25.7
IWS iShares Russell Mid-Cap Value ETF 0.2 23 52 7.8 +21.1
EZM WisdomTree U.S. MidCap Earnings Fund 0.2 38 37 11.9 +25.1
SCHK Schwab 1000 Index ETF 0.2 5 70 6.4 +19.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 6.6 +19.8
ROCI ROC ETF 0.2 49 26 5.6 +18.8
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 63 7.0 +20.3
BLES Inspire Global Hope Large Cap ETF 0.2 49 26 7.7 +20.9
NULG Nuveen ESG Large-Cap Growth ETF 0.2 25 50 5.1 +18.3
DFUS Dimensional U.S. Equity ETF 0.2 11 64 6.4 +19.6
VONV Vanguard Russell 1000 Value Index Fund 0.2 8 67 8.0 +21.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 6.4 +19.6
VV Vanguard Large-Cap Index Fund 0.2 4 71 6.3 +19.6
IQSU IQ Candriam ESG US Equity ETF 0.2 9 66 5.9 +19.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 6.4 +19.6
IWB iShares Russell 1000 ETF 0.2 15 60 6.2 +19.5
VONE Vanguard Russell 1000 ETF 0.2 8 67 6.3 +19.6
DFAU Dimensional US Core Equity Market ETF 0.2 12 63 6.6 +19.8
SCHX Schwab U.S. Large-Cap ETF 0.2 3 72 6.3 +19.6
PBUS Invesco PureBeta MSCI USA ETF 0.2 4 71 6.4 +19.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 6.3 +19.5
SMMD iShares Russell 2500 ETF 0.2 15 60 6.6 +19.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 6.3 +19.5
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 0 5.2 +18.5
AVES Avantis Emerging Markets Value ETF 0.2 36 39 15.0 +28.2
EES WisdomTree SmallCap Earnings Fund 0.2 38 37 13.3 +26.6
IWF iShares Russell 1000 Growth ETF 0.2 18 57 5.6 +18.9
RAYE Rayliant Quantamental Emerging Market Equity ETF 0.2 80 -5 14.1 +27.3
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 67 5.7 +19.0
MGK Vanguard Mega Cap Growth ETF 0.2 7 68 5.1 +18.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 16 7.9 +21.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.2 12 63 8.9 +22.2
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.2 15 60 8.8 +22.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 6.3 +19.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 45 10.0 +23.3
SUSA iShares MSCI USA ESG Select ETF 0.2 25 50 6.4 +19.6
KALL KraneShares MSCI All China Index ETF 0.2 48 27 12.0 +25.3
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 40 9.4 +22.6
SSLY Syntax Stratified SmallCap ETF 0.2 35 40 7.8 +21.0
VOTE Engine No. 1 Transform 500 ETF 0.2 5 70 6.2 +19.4
AVUS Avantis U.S. Equity ETF 0.2 15 60 7.5 +20.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -11 2.9 +16.1
SSPX Janus Henderson U.S. Sustainable Equity ETF 0.2 55 20 4.4 +17.6
MCHI iShares MSCI China ETF 0.2 57 18 12.1 +25.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 10 7.4 +20.6
STRV Strive 500 ETF 0.2 5 70 6.3 +19.5
AFSM First Trust Active Factor Small Cap ETF 0.2 75 0 9.8 +23.1
IJT iShares S&P Small-Cap 600 Growth ETF 0.2 18 57 7.4 +20.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.2 15 60 7.3 +20.5
EATV VegTech Plant-based Innovation & Climate ETF 0.2 75 0 2.8 +16.1
SLYG SPDR S&P 600 Small Cap Growth ETF 0.2 15 60 7.4 +20.6
HDUS Hartford Disciplined US Equity ETF 0.2 19 56 7.5 +20.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 28 12.4 +25.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 66 6.8 +20.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 25 7.8 +21.0
VT Vanguard Total World Stock ETF 0.2 7 68 7.1 +20.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 60 8.9 +22.2
TOK iShares MSCI Kokusai ETF 0.2 25 50 6.7 +19.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 0 6.9 +20.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 63 8.1 +21.3
FSMD Fidelity Small-Mid Factor ETF 0.2 29 46 8.6 +21.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 66 6.9 +20.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 19 56 7.3 +20.5
URTH iShares MSCI World ETF 0.2 24 51 6.8 +20.1
FLCH Franklin FTSE China ETF 0.1 19 56 12.2 +25.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.1 25 50 10.4 +23.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.1 5 70 8.6 +21.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.1 10 65 8.6 +21.8
IJR iShares Core S&P Small Cap ETF 0.1 6 69 8.6 +21.9
ACWI iShares MSCI ACWI ETF 0.1 32 43 7.0 +20.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 46 6.9 +20.1
SLY SPDR S&P 600 Small Cap ETF 0.1 15 60 8.5 +21.8
REVS Columbia Research Enhanced Value ETF 0.1 19 56 9.5 +22.7
ISMD Inspire Small/Mid Cap Impact ETF 0.1 48 27 6.2 +19.5
PSC Principal U.S. Small Cap Index ETF 0.1 38 37 9.1 +22.3
HAPI Harbor Corporate Culture ETF 0.1 36 39 5.9 +19.1
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 46 6.2 +19.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.1 19 56 8.9 +22.2
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 0 6.7 +19.9
VDNI V-Shares US Leadership Diversity ETF 0.1 29 46 6.5 +19.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 43 7.1 +20.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 39 8.4 +21.7
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 57 8.5 +21.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.1 15 60 9.9 +23.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 45 8.8 +22.0
BKF iShares MSCI BRIC ETF 0.1 70 5 9.6 +22.8
IWL iShares Russell Top 200 ETF 0.1 15 60 6.1 +19.4
MGC Vanguard Mega Cap Index Fund 0.1 7 68 6.2 +19.4
CN Xtrackers MSCI All China Equity ETF 0.1 50 25 12.6 +25.8
IJS iShares S&P Small-cap 600 Value ETF 0.1 18 57 9.9 +23.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.1 15 60 9.9 +23.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 30 9.8 +23.1
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 58 6.5 +19.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 36 11.3 +24.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 34 9.5 +22.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 61 6.3 +19.5
GDEF Goldman Sachs Defensive Equity ETF 0.1 55 20 5.7 +19.0
RVRB Reverb ETF 0.1 30 45 6.3 +19.6
HKND Humankind US Stock ETF 0.1 11 64 8.2 +21.5
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 0.1 44 31 11.7 +24.9
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 65 6.0 +19.2
IYH iShares U.S. Healthcare ETF 0.1 39 36 8.0 +21.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.1 16 59 9.1 +22.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 50 25 8.2 +21.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.1 20 55 6.6 +19.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 69 6 7.9 +21.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 26 8.2 +21.5
IGV iShares Expanded Tech-Software ETF 0.1 40 35 4.3 +17.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 31 44 8.8 +22.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 55 7.3 +20.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 36 8.3 +21.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 51 9.2 +22.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 69 6 12.1 +25.4
EEM iShares MSCI Emerging Markets ETF 0.1 68 7 8.5 +21.7
IUS Invesco Strategic US ETF 0.1 19 56 7.9 +21.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 45 8.1 +21.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 56 8.6 +21.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 9 8.4 +21.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 64 8.9 +22.2
RECS Columbia Research Enhanced Core ETF 0.1 15 60 7.5 +20.7
STXV Strive 1000 Value ETF 0.1 18 57 9.2 +22.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 66 8.7 +22.0
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 67 8.9 +22.2
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 64 8.9 +22.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 0 6.0 +19.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 32 13.5 +26.8
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.0 45 30 10.3 +23.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 29 46 10.1 +23.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 63 6.5 +19.8
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 60 7.0 +20.2
LRGF iShares Edge MSCI Multifactor USA ETF 0.0 8 67 7.5 +20.8
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 25 5.9 +19.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 9.9 +23.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 55 8.7 +22.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 36 7.9 +21.2
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.0 8 67 5.9 +19.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 16 11.8 +25.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 8.7 +21.9
EPS WisdomTree U.S. Earnings 500 Fund 0.0 8 67 7.9 +21.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 9.2 +22.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 8.7 +21.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 50 8.2 +21.4
IXUS ishares Core MSCI Total International Stock ETF 0.0 7 68 8.1 +21.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 43 8.2 +21.4
VSGX Vanguard ESG International Stock ETF 0.0 12 63 7.8 +21.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 34 8.0 +21.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 39 36 10.0 +23.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 65 5.9 +19.2
VAW Vanguard Materials Index Fund 0.0 10 65 8.8 +22.1
FMAT Fidelity MSCI Materials Index ETF 0.0 84 -9 7.3 +20.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 7.4 +20.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 7 68 8.3 +21.6
VYMI Vanguard International High Dividend Yield ETF 0.0 22 53 11.4 +24.6
VXUS Vanguard Total International Stock ETF 0.0 7 68 8.2 +21.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 68 6.6 +19.9
VCR Vanguard Consumer Discretionary Index Fund 0.0 10 65 5.3 +18.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 68 7 6.6 +19.9
IVRS iShares Future Metaverse Tech and Communications ETF 0.0 47 28 9.0 +22.2
DFLV Dimensional US Large Cap Value ETF 0.0 22 53 10.0 +23.2
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 72 6.7 +19.9
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 63 9.0 +22.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 63 6.3 +19.6
MTVR Fount Metaverse ETF 0.0 70 5 6.5 +19.8
QLC FlexShares US Quality Large Cap Index Fund 0.0 25 50 7.2 +20.4

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Jacob Forward 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 -39.7 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -13.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.21 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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