Janus Henderson U.S. Real Estate ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 15.2x P/Sales
ratio		 4.9x
P/BV
ratio		 1.7x Div.
yield		 4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JRE is an actively managed fund of real-estate and real estate-related companies in the United States.

FUND BASICS
Category US Equities
Fund Sponsor Janus Henderson
Website www.janushenderson.com/en-us/advisor/product/jre-us-real-estate-etf/
Inception date Jun 22, 2021
Assets (mns) $3
Currency USD
Expense ratio 65 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $29,042
Large cap (>$10bn) 55.6%
Mid cap ($2-10bn) 44.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROLOGIS INC 10.8 %
EQUINIX INC 10.7 %
WELLTOWER, INC. 7.5 %
AVALONBAY COMMUNITIES INC 6.3 %
EXTRA SPACE STORAGE INC 6.1 %
AMERICOLD REALTY TRUST 4.8 %
SABRA HEALTH CARE REIT INC 4.6 %
BRIXMOR PROPERTY GROUP INC 4.1 %
STAG INDUSTRIAL INC 4.0 %
UDR INC 4.0 %
Total 62.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.2 %
CANADA 6.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.0% 5.0% -- -- -4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.96 70%
MSCI EAFE 0.97 71%
MSCI Emg. Mkts. 0.74 42%

Technical Indicators
Recent close $20.83
30d moving avg. $21.26
Annualized volatility 21.6%
Short interest (ETF) 2.8%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.6%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $2,256

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 442 potential alternatives to the Janus Henderson U.S. Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with JRE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JRE Expense: 65 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JRE
Ticker Fund
Name		 Overlap1
vs JRE
(%)		 Expense
ratio
(bp)		 Savings
vs JRE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JRE
(%)
FPRO Fidelity Real Estate Investment ETF 43.7 59 6 6.1 -0.3
JPRE JPMorgan Realty Income ETF 41.2 50 15 6.9 +0.5
RWR SPDR Dow Jones REIT ETF 38.2 25 40 7.2 +0.8
XLRE Real Estate Select Sector SPDR Fund 37.3 9 56 7.0 +0.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 37.0 11 54 7.5 +1.1
PSR Invesco Active U.S. Real Estate Fund 36.0 35 30 7.8 +1.4
ICF iShares Cohen & Steers REIT ETF 36.0 33 32 7.0 +0.6
USRT iShares Core U.S. REIT ETF 35.9 8 57 7.5 +1.1
FRI First Trust S&P REIT Index Fund 35.8 50 15 7.1 +0.7
IYR iShares U.S. Real Estate ETF 33.7 40 25 7.2 +0.8
DFAR Dimensional US Real Estate ETF 33.6 19 46 7.4 +1.1
FREL Fidelity MSCI Real Estate Index ETF 33.1 8 57 7.3 +0.9
SPRE SP Funds S&P Global REIT Sharia ETF 31.8 55 10 5.4 -0.9
SCHH Schwab U.S. REIT ETF 31.1 7 58 7.7 +1.3
REZ iShares Residential and Multisector Real Estate ETF 30.5 48 17 6.3 -0.1
RITA ETFB Green SRI REITs ETF 29.7 50 15 6.0 -0.4
ROOF IQ CBRE NextGen Real Estate ETF 28.5 60 5 7.9 +1.5
VNQ Vanguard Real Estate ETF 28.0 12 53 7.3 +0.9
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 27.9 40 25 7.1 +0.7
RWO SPDR Dow Jones Global Real Estate ETF 27.6 50 15 6.9 +0.6
PPTY US Diversified Real Estate ETF 27.1 53 12 6.7 +0.3
REET iShares Global REIT ETF 26.7 14 51 7.1 +0.8
BYRE Principal Real Estate Active Opportunities ETF 26.6 65 0 6.3 -0.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 26.1 75 -10 4.9 -1.5
AVRE Avantis Real Estate ETF 26.0 17 48 6.6 +0.3
DFGR Dimensional Global Real Estate ETF 24.9 22 43 7.1 +0.7
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 24.3 60 5 3.9 -2.5
ERET iShares Environmentally Aware Real Estate ETF 23.8 30 35 7.3 +0.9
REAI Intelligent Real Estate ETF 23.3 59 6 7.4 +1.0
INDS Pacer Industrial Real Estate ETF 23.2 55 10 6.2 -0.2
CRED Columbia Research Enhanced Real Estate ETF 21.1 33 32 7.7 +1.3
NURE Nuveen Short-Term REIT ETF 21.1 35 30 5.9 -0.4
HAUS Residential REIT ETF 19.2 60 5 6.0 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 18.9 45 20 6.9 +0.5
IVRA Invesco Real Assets ESG ETF 17.6 59 6 7.1 +0.7
WTRE WisdomTree New Economy Real Estate Fund 15.7 58 7 5.0 -1.3
DTCR Global X Data Center & Digital Infrastructure ETF 13.9 50 15 2.7 -3.7
SRVR Pacer Data & Infrastructure Real Estate ETF 13.9 55 10 2.9 -3.5
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 12.7 41 24 8.8 +2.4
NETL NETLease Corporate Real Estate ETF 11.6 60 5 9.7 +3.3
IQRA IQ CBRE Real Assets ETF 11.4 65 0 5.9 -0.5
BWEB Bitwise Web3 ETF 9.5 85 -20 0.9 -5.5
BLLD JPMorgan Sustainable Infrastructure ETF 9.5 49 16 6.2 -0.2
BLDG Cambria Global Real Estate ETF 9.2 60 5 9.4 +3.0
RDOG ALPS REIT Dividend Dogs ETF 8.8 35 30 17.1 +10.7
HOMZ Hoya Capital Housing ETF 8.6 30 35 8.1 +1.8
RIET Hoya Capital High Dividend Yield ETF 5.7 50 15 14.5 +8.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 5.3 35 30 20.0 +13.6
XDAT Franklin Exponential Data ETF 5.2 50 15 2.9 -3.5
VRAI Virtus Real Asset Income ETF 5.1 55 10 8.6 +2.2
XMLV Invesco S&P MidCap Low Volatility ETF 5.0 25 40 6.9 +0.5
SCAP InfraCap Small Cap Income ETF 4.9 135 -70 7.2 +0.9
BIBL Inspire 100 ETF 4.4 35 30 4.8 -1.6
ICAP InfraCap Equity Income Fund ETF 4.1 171 -106 6.8 +0.4
NUMG Nuveen ESG Mid-Cap Growth ETF 3.9 31 34 3.7 -2.7
TMFG Motley Fool Global Opportunities ETF 3.8 85 -20 3.3 -3.1
AGNG Global X Aging Population ETF 3.7 50 15 4.1 -2.3
SRET Global X SuperDividend REIT ETF 3.7 59 6 10.1 +3.8
SSPX Janus Henderson U.S. Sustainable Equity ETF 3.7 55 10 4.0 -2.4
SPYD SPDR Portfolio S&P 500 High Dividend ETF 3.6 7 58 9.4 +3.0
FCLD Fidelity Cloud Computing ETF 3.4 39 26 2.4 -4.0
SNPV Xtrackers S&P 500 Value ESG ETF 3.3 15 50 6.8 +0.4
ULVM VictoryShares US Value Momentum ETF 3.3 20 45 7.4 +1.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.3 27 38 8.4 +2.0
MILN Global X Millennial Consumer ETF 3.2 50 15 2.4 -4.0
TMFM Motley Fool Mid-Cap Growth ETF 3.2 85 -20 3.3 -3.1
NUDV Nuveen ESG Dividend ETF 3.2 26 39 7.5 +1.1
DEMZ Democratic Large Cap Core ETF 3.1 45 20 4.2 -2.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.1 80 -15 6.5 +0.2
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 3.1 12 53 5.5 -0.9
DON WisdomTree U.S. MidCap Dividend Fund 3.1 38 27 8.6 +2.2
IWS iShares Russell Mid-Cap Value ETF 3.0 23 42 6.6 +0.2
VNSE Natixis Vaughan Nelson Select ETF 3.0 80 -15 3.2 -3.2
VOT Vanguard Mid-Cap Growth ETF 3.0 7 58 4.2 -2.2
PY Principal Value ETF 2.9 15 50 7.6 +1.2
FMET Fidelity Metaverse ETF 2.8 39 26 4.4 -2.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.7 24 41 8.0 +1.6
HAPY Harbor Human Capital Factor Unconstrained ETF 2.7 50 15 4.8 -1.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 2.7 15 50 6.3 -0.1
IJJ iShares S&P Mid-Cap 400 Value ETF 2.7 18 47 8.2 +1.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.7 15 50 8.2 +1.9
IGPT Invesco AI and Next Gen Software ETF 2.6 60 5 3.8 -2.6
JEPI JPMorgan Equity Premium Income ETF 2.6 35 30 5.3 -1.1
TMFS Motley Fool Small-Cap Growth ETF 2.6 85 -20 3.6 -2.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.5 18 47 7.6 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 2.4 20 45 6.0 -0.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.4 60 5 7.7 +1.3
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 2.3 106 -41 3.0 -3.4
VO Vanguard Mid-Cap ETF 2.3 4 61 5.8 -0.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 2.3 15 50 7.1 +0.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 2.3 10 55 4.8 -1.6
KNCT Invesco Next Gen Connectivity ETF 2.2 40 25 5.9 -0.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.2 60 5 6.4 +0.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 2.2 10 55 4.9 -1.5
GLIF AGF Global Infrastructure ETF 2.2 45 20 5.5 -0.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 2.2 30 35 8.0 +1.6
IWR iShares Russell Midcap ETF 2.2 19 46 5.7 -0.7
FLDZ RiverNorth Patriot ETF 2.2 75 -10 5.8 -0.6
NXTG First Trust Indxx NextG ETF 2.2 70 -5 6.0 -0.4
MDY SPDR S&P Midcap 400 ETF Trust 2.1 23 42 6.8 +0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.1 4 61 6.1 -0.3
GDIV Harbor Dividend Growth Leaders ETF 2.1 50 15 6.0 -0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.1 15 50 7.4 +1.1
CHGX AXS Change Finance ESG ETF 2.1 49 16 5.1 -1.3
UDI USCF Dividend Income Fund 2.1 65 0 7.4 +1.1
IJH iShares Core S&P Mid-Cap ETF 2.1 5 60 6.9 +0.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 2.1 3 62 7.0 +0.6
TXS Texas Capital Texas Equity Index ETF 2.1 49 16 5.6 -0.8
IMCG iShares Morningstar Mid-Cap Growth ETF 2.1 6 59 4.3 -2.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 2.1 20 45 6.4 0.0
FSST Fidelity Sustainable U.S. Equity ETF 2.0 59 6 4.9 -1.5
IMCB iShares Morningstar Mid-Cap ETF 2.0 4 61 6.1 -0.3
SCHM Schwab U.S. Mid-Cap ETF 2.0 4 61 6.3 -0.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.0 15 50 7.6 +1.2
RBLD First Trust Alerian US NextGen Infrastructure ETF 2.0 65 0 5.1 -1.3
IMCV iShares Morningstar Mid-Cap Value ETF 1.9 6 59 7.9 +1.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 25 6.6 +0.3
VNMC Natixis Vaughan Nelson Mid Cap ETF 1.9 85 -20 4.4 -2.0
IDAT iShares Future Cloud 5G and Tech ETF 1.9 47 18 4.5 -1.9
ONEY SPDR Russell 1000 Yield Focus ETF 1.9 20 45 10.0 +3.6
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 53 6.8 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.8 47 18 5.9 -0.5
USXF iShares ESG Advanced MSCI USA ETF 1.8 10 55 5.2 -1.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.8 24 41 7.8 +1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.8 9 56 6.0 -0.4
REVS Columbia Research Enhanced Value ETF 1.8 19 46 7.7 +1.3
SRHQ SRH U.S. Quality ETF 1.8 35 30 8.0 +1.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 1.8 30 35 9.1 +2.7
VEGN US Vegan Climate ETF 1.8 60 5 4.7 -1.7
VOE Vanguard Mid-Cap Value ETF 1.8 7 58 7.4 +1.0
SUSA iShares MSCI USA ESG Select ETF 1.7 25 40 5.4 -1.0
POWA Invesco Bloomberg Pricing Power ETF 1.7 40 25 5.1 -1.3
OSCV Opus Small Cap Value ETF 1.7 79 -14 6.4 +0.0
IWD iShares Russell 1000 Value ETF 1.7 19 46 6.6 +0.2
AFMC First Trust Active Factor Mid Cap ETF 1.7 65 0 7.5 +1.1
VONV Vanguard Russell 1000 Value ETF 1.7 8 57 6.7 +0.3
BUYZ Franklin Disruptive Commerce ETF 1.7 50 15 2.1 -4.3
NULG Nuveen ESG Large-Cap Growth ETF 1.7 26 39 4.4 -2.0
YLDE ClearBridge Dividend Strategy ESG ETF 1.7 60 5 5.4 -0.9
FUNL CornerCap Fundametrics Large-Cap ETF 1.7 50 15 7.0 +0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.7 7 58 5.8 -0.6
RSP Invesco S&P 500 Equal Weight ETF 1.7 20 45 6.2 -0.2
ISHP First Trust Nasdaq Retail ETF 1.7 60 5 3.2 -3.2
SPDV AAM S&P 500 High Dividend Value ETF 1.7 29 36 10.5 +4.1
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 10 55 6.9 +0.5
VOOV Vanguard S&P 500 Value ETF 1.6 10 55 5.6 -0.8
IUSV iShares Core S&P US Value ETF 1.6 4 61 6.8 +0.4
HAPI Harbor Human Capital Factor US Large Cap ETF 1.6 36 29 4.8 -1.6
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.6 29 36 8.1 +1.8
FSMD Fidelity Small-Mid Multifactor ETF 1.6 15 50 7.6 +1.3
JHMM John Hancock Multifactor Mid Cap ETF 1.6 42 23 6.6 +0.2
NULV Nuveen ESG Large-Cap Value ETF 1.6 26 39 7.1 +0.8
QDEF FlexShares Quality Dividend Defensive Index Fund 1.6 37 28 4.8 -1.6
IVE iShares S&P 500 Value ETF 1.6 18 47 6.6 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 1.6 4 61 6.7 +0.3
IJK iShares S&P Mid-Cap 400 Growth ETF 1.6 17 48 5.8 -0.6
EUSA iShares MSCI USA Equal Weighted ETF 1.6 9 56 6.2 -0.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.6 15 50 5.8 -0.6
SFYX SoFi Next 500 ETF 1.6 0 65 5.6 -0.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 1.5 10 55 5.4 -1.0
EGUS iShares ESG Aware MSCI USA Growth ETF 1.5 18 47 4.3 -2.0
BGIG Bahl & Gaynor Income Growth ETF 1.5 45 20 5.3 -1.1
RNMC First Trust Mid Cap US Equity Select ETF 1.5 60 5 7.9 +1.5
SIZE iShares MSCI USA Size Factor ETF 1.5 15 50 6.0 -0.4
LRGE ClearBridge Large Cap Growth ESG ETF 1.5 59 6 3.4 -3.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.5 20 45 4.5 -1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 1.5 28 37 6.2 -0.1
VBR Vanguard Small Cap Value ETF 1.5 7 58 8.2 +1.8
JMOM JPMorgan U.S. Momentum Factor ETF 1.5 12 53 4.8 -1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.4 20 45 8.0 +1.6
DTD WisdomTree U.S. Total Dividend Fund 1.4 28 37 6.5 +0.1
STXD Strive 1000 Dividend Growth ETF 1.4 35 30 5.5 -0.9
QDF FlexShares Quality Dividend Index Fund 1.4 37 28 5.0 -1.4
IFGL iShares International Developed Real Estate ETF 1.4 48 17 7.0 +0.6
QLV FlexShares US Quality Low Volatility Index Fund 1.4 22 43 5.2 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.4 46 19 5.6 -0.8
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.4 18 47 6.3 -0.0
VB Vanguard Small-Cap ETF 1.4 5 60 5.4 -1.0
FIVG Defiance Next Gen Connectivity ETF 1.4 30 35 6.7 +0.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.4 15 50 6.4 +0.1
IQSU IQ Candriam U.S. Large Cap Equity ETF 1.3 9 56 5.0 -1.4
FDMO Fidelity Momentum Factor ETF 1.3 15 50 3.7 -2.7
SCHV Schwab U.S. Large-Cap Value ETF 1.3 4 61 6.7 +0.3
KRMA Global X Conscious Companies ETF 1.3 43 22 5.8 -0.6
GURU Global X Guru Index ETF 1.3 75 -10 2.5 -3.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 1.3 10 55 5.2 -1.2
VBK Vanguard Small-Cap Growth ETF 1.3 7 58 1.5 -4.9
DSI iShares MSCI KLD 400 Social ETF 1.3 25 40 5.1 -1.2
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 59 8.1 +1.8
AESR Anfield U.S. Equity Sector Rotation ETF 1.3 108 -43 4.4 -2.0
SPXT ProShares S&P 500 Ex-Technology ETF 1.3 9 56 5.7 -0.7
FDVV Fidelity High Dividend ETF 1.3 15 50 8.9 +2.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.3 40 25 4.1 -2.2
EQUL IQ Engender Equality ETF 1.3 45 20 6.8 +0.4
CVY Invesco Zacks Multi-Asset Income ETF 1.3 106 -41 8.9 +2.5
NUMV Nuveen ESG Mid-Cap Value ETF 1.2 31 34 7.4 +1.0
DEW WisdomTree Global High Dividend Fund 1.2 58 7 9.1 +2.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.2 15 50 4.9 -1.5
SNPE Xtrackers S&P 500 ESG ETF 1.2 10 55 5.3 -1.1
CACG ClearBridge All Cap Growth ESG ETF 1.2 54 11 3.4 -3.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 1.2 20 45 5.1 -1.3
SMMD iShares Russell 2500 ETF 1.2 15 50 6.0 -0.4
SHE SPDR MSCI USA Gender Diversity ETF 1.2 20 45 5.0 -1.4
FDLO Fidelity Low Volatility Factor ETF 1.2 15 50 5.5 -0.9
FNDA Schwab Fundamental US Small Co. Index ETF 1.2 25 40 6.8 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 1.2 10 55 5.1 -1.2
BLES Inspire Global Hope ETF 1.2 61 4 6.3 -0.1
ESGU iShares ESG Aware MSCI USA ETF 1.1 15 50 5.2 -1.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 -10 3.2 -3.2
SMLF iShares U.S. SmallCap Equity Factor ETF 1.1 15 50 5.8 -0.6
QUAL iShares MSCI USA Quality Factor ETF 1.1 15 50 5.5 -0.9
JHSC John Hancock Multifactor Small Cap ETF 1.1 42 23 6.2 -0.2
SMDY Syntax Stratified MidCap ETF 1.1 35 30 6.3 -0.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 26 10.6 +4.2
QLC FlexShares US Quality Large Cap Index Fund 1.0 25 40 5.6 -0.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 55 8.2 +1.8
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.0 69 -4 8.3 +2.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.0 60 5 4.4 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 1.0 9 56 5.2 -1.2
DEUS Xtrackers Russell US Multifactor ETF 1.0 17 48 7.1 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.0 30 35 4.7 -1.7
RFFC ALPS Active Equity Opportunity ETF 1.0 48 17 4.5 -1.9
ACVF American Conservative Values ETF 1.0 75 -10 4.4 -2.0
FQAL Fidelity Quality Factor ETF 1.0 15 50 5.9 -0.5
DTEC ALPS Disruptive Technologies ETF 1.0 50 15 3.3 -3.1
ESGV Vanguard ESG U.S. Stock ETF 1.0 9 56 5.1 -1.3
SDIV Global X Superdividend ETF 1.0 58 7 17.6 +11.2
VTV Vanguard Value ETF 1.0 4 61 7.0 +0.6
EVUS iShares ESG Aware MSCI USA Value ETF 1.0 18 47 6.7 +0.3
SSPY Syntax Stratified LargeCap ETF 1.0 30 35 6.5 +0.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 1.0 7 58 5.2 -1.2
IWX iShares Russell Top 200 Value ETF 1.0 20 45 6.5 +0.1
ROUS Hartford Multifactor US Equity ETF 1.0 19 46 6.4 +0.1
JHML John Hancock Multifactor Large Cap ETF 1.0 29 36 5.6 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 1.0 49 16 5.0 -1.4
CZA Invesco Zacks Mid-Cap ETF 1.0 72 -7 6.3 -0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 53 5.1 -1.3
ISCB iShares Morningstar Small-Cap ETF 0.9 4 61 5.3 -1.0
SPHB Invesco S&P 500 High Beta ETF 0.9 25 40 5.0 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.9 9 56 5.3 -1.1
FDEV Fidelity International Multifactor ETF 0.9 18 47 7.5 +1.1
ILCG iShares Morningstar Growth ETF 0.9 4 61 4.1 -2.3
NTZG Nuveen Global Net Zero Transition ETF 0.9 56 9 4.9 -1.5
ZECP Zacks Earnings Consistent Portfolio ETF 0.9 55 10 5.0 -1.4
ADME Aptus Drawdown Managed Equity ETF 0.9 79 -14 4.3 -2.0
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 30 8.8 +2.4
XVV iShares ESG Screened S&P 500 ETF 0.9 8 57 5.1 -1.3
HDUS Hartford Disciplined US Equity ETF 0.9 19 46 6.2 -0.2
VXF Vanguard Extended Market ETF 0.9 6 59 3.9 -2.5
STXG Strive 1000 Growth ETF 0.9 18 47 4.2 -2.2
DHS WisdomTree U.S. High Dividend Fund 0.9 38 27 8.8 +2.4
YALL God Bless America ETF 0.9 65 0 3.6 -2.8
RECS Columbia Research Enhanced Core ETF 0.9 15 50 5.6 -0.8
IWB iShares Russell 1000 ETF 0.9 15 50 5.1 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.9 7 58 5.2 -1.2
IYY iShares Dow Jones U.S. ETF 0.9 20 45 5.1 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.9 29 36 5.1 -1.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.9 14 51 5.4 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.9 2 63 5.3 -1.1
PEXL Pacer US Export Leaders ETF 0.9 60 5 5.1 -1.3
SCHK Schwab 1000 Index ETF 0.9 5 60 5.3 -1.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.9 3 62 5.4 -1.0
VONE Vanguard Russell 1000 ETF 0.9 8 57 5.2 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 0.9 39 26 7.3 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.9 0 65 5.3 -1.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.8 17 48 5.4 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.8 20 45 5.1 -1.3
SCHX Schwab U.S. Large-Cap ETF 0.8 3 62 5.3 -1.1
IWV iShares Russell 3000 ETF 0.8 20 45 5.0 -1.4
SCHB Schwab U.S. Broad Market ETF 0.8 3 62 5.2 -1.2
VTI Vanguard Total Stock Market ETF 0.8 3 62 5.1 -1.3
VOTE TCW Transform 500 ETF 0.8 5 60 5.2 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.8 3 62 5.1 -1.2
ILCB iShares Morningstar U.S. Equity ETF 0.8 3 62 5.3 -1.1
VTHR Vanguard Russell 3000 ETF 0.8 10 55 5.1 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 0.8 29 36 7.2 +0.8
EZM WisdomTree U.S. MidCap Fund 0.8 38 27 8.2 +1.8
IVV iShares Core S&P 500 ETF 0.8 3 62 5.3 -1.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.8 11 54 5.2 -1.2
SPLG SPDR Portfolio S&P 500 ETF 0.8 2 63 5.3 -1.1
SPY SPDR S&P 500 ETF Trust 0.8 9 56 5.2 -1.2
PFM Invesco Dividend Achievers ETF 0.8 53 12 5.7 -0.7
VOO Vanguard S&P 500 ETF 0.8 3 62 5.3 -1.1
PBUS Invesco MSCI USA ETF 0.8 4 61 5.3 -1.1
STXV Strive 1000 Value ETF 0.8 18 47 7.8 +1.4
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 6 7.2 +0.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.8 11 54 5.2 -1.2
STRV Strive 500 ETF 0.8 5 60 5.2 -1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.8 45 20 4.7 -1.7
VV Vanguard Large-Cap ETF 0.8 4 61 5.2 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.8 75 -10 4.9 -1.5
SCHA Schwab U.S. Small-Cap ETF 0.8 4 61 4.9 -1.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.7 25 40 5.7 -0.7
ACTV LeaderShares Activist Leaders ETF 0.7 75 -10 8.1 +1.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.7 20 45 7.1 +0.7
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 36 5.2 -1.2
ILCV iShares Morningstar Value ETF 0.7 4 61 6.7 +0.3
GDEF Goldman Sachs Defensive Equity ETF 0.7 55 10 4.4 -2.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.7 59 6 8.2 +1.8
RVRB Reverb ETF 0.7 30 35 5.0 -1.4
FBCV Fidelity Blue Chip Value ETF 0.7 59 6 7.1 +0.7
IETC iShares U.S. Tech Independence Focused ETF 0.7 18 47 4.4 -2.0
SFY SoFi Select 500 ETF 0.7 0 65 5.2 -1.2
PRAY FIS Christian Stock Fund 0.7 69 -4 5.9 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.7 9 56 5.5 -0.9
DIVB iShares Core Dividend ETF 0.7 5 60 8.0 +1.6
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 53 7.1 +0.8
CVAR Cultivar ETF 0.7 87 -22 6.9 +0.6
MGV Vanguard Mega Cap Value ETF 0.6 7 58 6.8 +0.5
MAGA Point Bridge America First ETF 0.6 72 -7 6.3 -0.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.6 25 40 8.8 +2.5
WCEO Hypatia Women CEO ETF 0.6 85 -20 5.2 -1.2
VLUE iShares MSCI USA Value Factor ETF 0.6 15 50 10.7 +4.3
FVAL Fidelity Value Factor ETF 0.6 15 50 7.5 +1.1
TOK iShares MSCI Kokusai ETF 0.6 26 39 5.3 -1.1
CGUS Capital Group Core Equity ETF 0.6 33 32 4.7 -1.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 59 2.5 -3.9
VUG Vanguard Growth ETF 0.6 4 61 4.3 -2.1
URTH iShares MSCI World ETF 0.6 24 41 5.4 -1.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -5 9.2 +2.8
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 38 9.0 +2.6
ISMD Inspire Small/Mid Cap ETF 0.6 54 11 6.1 -0.3
LRGF iShares U.S. Equity Factor ETF 0.6 8 57 5.8 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.6 12 53 4.5 -1.9
FVD First Trust Value Line Dividend Index Fund 0.5 65 0 6.0 -0.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 40 7.1 +0.7
VT Vanguard Total World Stock ETF 0.5 7 58 5.8 -0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 -2 9.2 +2.9
SDY SPDR S&P Dividend ETF 0.5 35 30 6.3 -0.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.5 38 27 8.1 +1.8
ACWI iShares MSCI ACWI ETF 0.5 32 33 5.5 -0.9
USMF WisdomTree U.S. Multifactor Fund 0.5 28 37 6.9 +0.6
SQEW LeaderShares Equity Skew ETF 0.5 81 -16 6.1 -0.3
AFLG First Trust Active Factor Large Cap ETF 0.5 55 10 6.2 -0.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.5 25 40 7.1 +0.7
IWL iShares Russell Top 200 ETF 0.5 15 50 5.0 -1.4
HLAL Wahed FTSE USA Shariah ETF 0.5 50 15 5.0 -1.4
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 50 7.9 +1.6
MGC Vanguard Mega Cap ETF 0.5 7 58 5.1 -1.3
HKND Humankind US Stock ETF 0.5 11 54 7.0 +0.6
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 53 8.4 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 45 5.6 -0.8
WPS iShares International Developed Property ETF 0.5 48 17 7.2 +0.8
AFSM First Trust Active Factor Small Cap ETF 0.4 75 -10 7.6 +1.3
XT iShares Exponential Technologies ETF 0.4 46 19 3.9 -2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 36 6.3 -0.1
NUSC Nuveen ESG Small-Cap ETF 0.4 31 34 5.2 -1.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 6 5.6 -0.8
EPS WisdomTree U.S. LargeCap Fund 0.4 8 57 6.3 -0.1
WTV WisdomTree US Value Fund of Benef Interest 0.4 12 53 8.7 +2.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 44 3.9 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.4 11 54 6.4 +0.0
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.4 25 40 11.1 +4.7
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -15 5.1 -1.3
NULC Nuveen ESG Large-Cap ETF 0.4 21 44 5.5 -0.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 61 5.7 -0.7
TMFX Motley Fool Next Index ETF 0.4 50 15 3.4 -3.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 56 5.8 -0.5
STXK Strive Small-Cap ETF 0.4 18 47 5.5 -0.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.4 4 61 4.3 -2.1
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 15 7.9 +1.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.4 32 33 5.2 -1.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 53 8.7 +2.3
MGK Vanguard Mega Cap Growth ETF 0.4 7 58 4.4 -2.0
RWL Invesco S&P 500 Revenue ETF 0.4 39 26 6.6 +0.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 26 8.7 +2.3
JAVA JPMorgan Active Value ETF 0.3 44 21 6.3 -0.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 23 5.1 -1.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.3 29 36 9.1 +2.7
DFLV Dimensional US Large Cap Value ETF 0.3 22 43 7.8 +1.4
ETHO Etho Climate Leadership U.S. ETF 0.3 47 18 4.1 -2.3
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 53 5.7 -0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 58 6.5 +0.1
TMFC Motley Fool 100 Index ETF 0.3 50 15 4.0 -2.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 5 6.0 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 56 5.7 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 0.3 15 50 6.0 -0.4
GINN Goldman Sachs Innovate Equity ETF 0.3 52 13 2.7 -3.7
APUE ActivePassive U.S. Equity ETF 0.3 45 20 5.0 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 36 7.4 +1.0
IUSG iShares Core S&P U.S. Growth ETF 0.3 4 61 4.6 -1.7
IWN iShares Russell 2000 Value ETF 0.3 24 41 5.6 -0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -6 0.9 -5.5
VTWV Vanguard Russell 2000 Value ETF 0.3 15 50 5.8 -0.6
GSPY Gotham Enhanced 500 ETF 0.2 50 15 5.3 -1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -10 4.7 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 46 6.5 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 50 6.1 -0.3
IUS Invesco RAFI Strategic US ETF 0.2 19 46 7.3 +0.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.2 65 0 3.8 -2.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 56 4.0 -2.4
HLGE Hartford Longevity Economy ETF 0.2 44 21 6.6 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 61 4.6 -1.8
IVW iShares S&P 500 Growth ETF 0.2 18 47 4.5 -1.9
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 30 6.0 -0.4
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 25 5.9 -0.5
RNSC Furst Trust Small Cap US Equity Select ETF 0.2 60 5 8.4 +2.0
IWY iShares Russell Top 200 Growth ETF 0.2 20 45 4.9 -1.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 26 6.9 +0.5
DFUV Dimensional US Marketwide Value ETF 0.2 22 43 7.6 +1.2
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 46 7.0 +0.7
EWC iShares MSCI Canada ETF 0.2 50 15 6.9 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 35 6.1 -0.3
IWF iShares Russell 1000 Growth ETF 0.2 19 46 4.7 -1.7
VONG Vanguard Russell 1000 Growth ETF 0.2 8 57 4.8 -1.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.1 70 -5 1.8 -4.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -10 3.8 -2.6
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 35 6.6 +0.2
FBCG Fidelity Blue Chip Growth ETF 0.1 59 6 2.6 -3.8
IWM iShares Russell 2000 ETF 0.1 19 46 3.6 -2.8
VTWO Vanguard Russell 2000 ETF 0.1 10 55 3.9 -2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 40 6.1 -0.3
VOOG Vanguard S&P 500 Growth ETF 0.1 10 55 5.5 -0.9
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 16 6.0 -0.3
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.7 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 16 6.7 +0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 6.7 +0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 1 2.1 -4.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 37 6.2 -0.2
FIVA Fidelity International Value Factor ETF 0.1 18 47 9.3 +2.9
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 42 3.8 -2.6
SNPG Xtrackers S&P 500 Growth ESG ETF 0.1 15 50 4.8 -1.6
DFAU Dimensional US Core Equity Market ETF 0.1 12 53 5.4 -1.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 4 7.2 +0.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.7 -0.7
DFUS Dimensional U.S. Equity ETF 0.1 9 56 5.1 -1.2
VSGX Vanguard ESG International Stock ETF 0.0 12 53 6.8 +0.5
AVUS Avantis U.S. Equity ETF 0.0 15 50 6.0 -0.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 60 7.0 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.5 +2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 40 7.4 +1.1
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 8.7 +2.3
VXUS Vanguard Total International Stock ETF 0.0 7 58 7.1 +0.7
BKIE BNY Mellon International Equity ETF 0.0 4 61 6.9 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 7.6 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.7 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.7 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 62 6.9 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.7 +0.3
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 58 6.9 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 26 7.3 +0.9
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.8 +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

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Janus Henderson U.S. Real Estate 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 11.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.55
 
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.