Invesco KBW Property & Casualty Insurance ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 OVERWEIGHT
2021E    2022E
P/E
ratio		 13.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.3x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco KBW Property & Casualty Insurance Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the index called the KBW Property

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 02, 2010
Assets (mns) $85
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $25,607
Large cap (>$10bn) 63.2%
Mid cap ($2-10bn) 31.4%
Small cap (<$2bn) 5.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHUBB LIMITED 8.3 %
PROGRESSIVE CORP 8.0 %
ALLSTATE CORP 8.0 %
TRAVELERS COS INC/THE 7.8 %
AMERICAN INTERNATIONAL GROUP 7.5 %
RLI CORP 4.2 %
SELECTIVE INSURANCE GROUP 4.1 %
RENAISSANCERE HOLDINGS LTD 4.1 %
ARCH CAPITAL GROUP LTD 4.1 %
ASSURANT INC 4.0 %
Total 60.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.3 %
BERMUDA 18.3 %
SWITZERLAND 8.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 38.2% 11.1% 14.1% 13.4%

Market Correlations
versus... Beta R-squared
S&P500 0.77 54%
MSCI EAFE 0.82 59%
MSCI Emg. Mkts. 0.58 36%

Technical Indicators
Recent close $76.63
30d moving avg. $76.00
Annualized volatility 19.6%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.4%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 23
Turnover 2.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $2,476

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 potential alternatives to the Invesco KBW Property & Casualty Insurance ETF ETF based on the alternatives' overlap in portfolio holdings with KBWP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KBWP Expense: 35 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KBWP
Ticker Fund
Name		 Overlap1
vs KBWP
(%)		 Expense
ratio
(bp)		 Savings
vs KBWP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KBWP
(%)
IAK iShares U.S. Insurance ETF 49.4 42 -7 7.5 +1.4
KIE SPDR S&P Insurance ETF 35.6 35 0 7.3 +1.2
FXO First Trust Financials AlphaDEX Fund 16.1 62 -27 8.5 +2.4
RYF Invesco S&P 500 Equal Weight Financials ETF 15.4 40 -5 7.1 +1.0
FOVL iShares Focused Value Factor ETF 15.3 25 10 8.7 +2.6
SPVM Invesco S&P 500 Value with Momentum ETF 11.1 39 -4 7.2 +1.1
LSAT Leadershares Alphafactor Tactical Focused ETF 9.8 99 -64 7.1 +1.0
JHMF John Hancock Multifactor Financials ETF 9.7 40 -5 6.3 +0.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 8.9 41 -6 5.2 -0.9
IEFN iShares Evolved U.S. Financials ETF 8.4 18 17 7.4 +1.2
RPV Invesco S&P 500 Pure Value ETF 8.0 35 0 8.9 +2.8
XLF Financial Select Sector SPDR Fund 7.8 12 23 6.7 +0.6
VFH Vanguard Financials Index Fund 7.7 10 25 7.0 +0.9
FNCL Fidelity MSCI Financials Index ETF 7.6 8 27 7.0 +0.9
PWV Invesco Dynamic Large Cap Value ETF 7.1 56 -21 6.7 +0.6
PY Principal Shareholder Yield Index ETF 6.2 15 20 8.1 +2.0
SPVU Invesco S&P 500 Enhanced Value ETF 6.2 13 22 8.5 +2.3
FTA First Trust Large Cap Value AlphaDEX Fund 6.1 60 -25 7.4 +1.3
GBDV Global Beta Smart Income ETF 6.1 29 6 8.3 +2.2
DFNL Davis Select Financial ETF 5.8 64 -29 6.5 +0.4
ONEY SPDR Russell 1000 Yield Focus ETF 5.7 20 15 7.4 +1.2
VTRN Victory Portfolios II VictoryShares Top Veteran Employers ET 5.4 60 -25 6.1 0.0
IYF iShares U.S. Financials ETF 5.4 42 -7 5.7 -0.5
VETS Pacer Military Times Best Employers ETF 5.4 60 -25 6.2 +0.0
PKW Invesco Buyback Achievers ETF 5.3 62 -27 7.2 +1.1
NIFE Direxion Fallen Knives ETF 4.9 50 -15 4.0 -2.2
KLCD KFA Large Cap Quality Dividend Index ETF 4.7 42 -7 5.5 -0.6
SPGP Invesco S&P 500 GARP ETF 4.7 34 1 5.8 -0.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.6 20 15 5.9 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 4.6 70 -35 7.5 +1.4
FVL First Trust Value Line 100 ETF 4.5 70 -35 0.0 -6.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 4.4 65 -30 5.5 -0.6
LGLV SPDR Russell 1000 Low Volatility ETF 4.4 12 23 4.4 -1.7
XMLV Invesco S&P MidCap Low Volatility ETF 4.3 25 10 5.2 -1.0
FNK First Trust Mid Cap Value AlphaDEX Fund 4.2 70 -35 7.5 +1.4
RFV Invesco S&P Midcap 400 Pure Value ETF 4.1 35 0 8.6 +2.4
IXG iShares Global Financials ETF 4.0 46 -11 8.1 +2.0
VFVA Vanguard U.S. Value Factor ETF 4.0 14 21 8.3 +2.2
RDVY First Trust Rising Dividend Achievers ETF 3.9 50 -15 6.5 +0.4
FVD First Trust Value Line Dividend Index Fund 3.9 70 -35 5.4 -0.8
FTCS First Trust Capital Strength ETF 3.9 56 -21 5.0 -1.1
VSL Volshares Large Capital ETF 3.9 65 -30 6.4 +0.3
CLRG IQ Chaikin U.S. Large Cap ETF 3.8 25 10 5.0 -1.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 3.7 35 0 6.5 +0.4
GBLO Global Beta Low Beta ETF 3.6 29 6 7.4 +1.2
FMK First Trust Mega Cap AlphaDEX Fund 3.6 70 -35 0.0 -6.1
ESGS Columbia Sustainable U.S. Equity Income ETF 3.6 35 0 7.6 +1.5
STLV iShares Factors US Value Style ETF 3.5 25 10 6.7 +0.6
XMVM Invesco S&P MidCap Value with Momentum ETF 3.5 39 -4 8.5 +2.4
NULV Nuveen ESG Large-Cap Value ETF 3.4 35 0 6.0 -0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 3.2 17 18 6.1 -0.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 3.2 29 6 5.3 -0.9
VFLQ Vanguard U.S. Liquidity Factor ETF 3.2 13 22 3.1 -3.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 3.2 35 0 4.9 -1.3
SPMV Invesco S&P 500 Minimum Variance ETF 3.2 10 25 4.7 -1.4
YLDE ClearBridge Dividend Strategy ESG ETF 3.2 60 -25 4.4 -1.7
EDOW First Trust Dow 30 Equal Weight ETF 3.2 50 -15 5.2 -0.9
FDLO Fidelity Low Volatility Factor ETF 3.1 29 6 4.3 -1.8
ABEQ Absolute Core Strategy ETF 3.1 88 -53 4.1 -2.1
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 3.1 45 -10 4.4 -1.8
USMF WisdomTree U.S. Multifactor Fund 3.1 28 7 6.7 +0.5
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 3.1 75 -40 4.7 -1.4
TMDV ProShares Russell US Dividend Growers ETF 3.1 36 -1 4.9 -1.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 3.1 35 0 5.1 -1.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 3.0 7 28 6.7 +0.6
FEX First Trust Large Cap Core AlphaDEX Fund 3.0 59 -24 5.2 -0.9
VUSE Vident Core US Equity Fund 3.0 48 -13 6.8 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 2.9 70 -35 5.7 -0.5
QSY WisdomTree U.S. LargeCap Value Fund 2.9 38 -3 6.6 +0.5
VOE Vanguard Mid-Cap Value Index Fund 2.9 7 28 6.1 -0.0
DEF Invesco Defensive Equity ETF 2.8 53 -18 5.3 -0.8
DIA SPDR Dow Jones Industrial Average ETF Trust 2.8 16 19 5.1 -1.0
JEPI JPMorgan Equity Premium Income ETF 2.7 35 0 4.6 -1.5
SCHD Schwab U.S. Dividend Equity ETF 2.6 6 29 7.1 +1.0
QLV FlexShares US Quality Low Volatility Index Fund 2.6 22 13 3.9 -2.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.5 20 15 3.6 -2.6
JSTC Adasina Social Justice All Cap Global ETF 2.5 89 -54 4.6 -1.6
AVDR AVDR US LargeCap Leading ETF 2.5 60 -25 5.1 -1.0
AFMC First Trust Active Factor Mid Cap ETF 2.4 65 -30 6.0 -0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 2.4 60 -25 4.9 -1.2
SDY SPDR S&P Dividend ETF 2.4 35 0 5.8 -0.4
TPHD Timothy Plan High Dividend Stock ETF 2.4 52 -17 5.5 -0.6
RWK Invesco S&P MidCap 400 Revenue ETF 2.4 39 -4 6.3 +0.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.4 15 20 6.7 +0.6
VLU SPDR S&P 1500 Value Tilt ETF 2.4 12 23 6.2 +0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 2.3 20 15 6.2 +0.1
IJJ iShares S&P Mid-Cap 400 Value ETF 2.3 18 17 6.5 +0.4
FUNL CornerCap Fundametrics Large-Cap ETF 2.3 50 -15 6.9 +0.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.3 15 20 6.5 +0.4
XSLV Invesco S&P SmallCap Low Volatility ETF 2.3 25 10 5.3 -0.9
RBUS Nationwide Risk-Based U.S. Equity ETF 2.3 30 5 4.8 -1.3
SYE SPDR MFS Systematic Core Equity ETF 2.3 60 -25 0.0 -6.1
CVY Invesco Zacks Multi-Asset Income ETF 2.3 94 -59 8.0 +1.9
AFLG First Trust Active Factor Large Cap ETF 2.3 55 -20 5.0 -1.1
FSMD Fidelity Small-Mid Factor ETF 2.2 29 6 5.9 -0.2
VYM Vanguard High Dividend Yield Index ETF 2.2 6 29 6.7 +0.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 2.2 15 20 5.8 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 2.2 29 6 4.8 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 2.2 29 6 5.9 -0.2
FLRG Fidelity U.S. Multifactor ETF 2.1 29 6 5.5 -0.7
MAGA Point Bridge GOP Stock Tracker ETF 2.1 72 -37 4.6 -1.5
DFND Siren DIVCON Dividend Defender ETF 2.1 144 -109 3.9 -2.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.1 12 23 5.5 -0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 2.1 35 0 5.2 -1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 2.1 35 0 5.2 -1.0
LEAD Siren DIVCON Leaders Dividend ETF 2.1 43 -8 5.1 -1.1
FLV American Century Focused Large Cap Value ETF 2.1 42 -7 5.7 -0.4
RWL Invesco S&P 500 Revenue ETF 2.0 39 -4 5.8 -0.3
ACWF iShares MSCI Global Multifactor ETF 2.0 35 0 7.3 +1.2
DIVZ TrueShares Low Volatility Equity Income ETF 2.0 65 -30 8.4 +2.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 2.0 60 -25 6.9 +0.7
REVS Columbia Research Enhanced Value ETF 2.0 19 16 6.6 +0.5
PSCF Invesco S&P SmallCap Financials ETF 2.0 29 6 8.6 +2.5
IUS Invesco Strategic US ETF 2.0 19 16 5.7 -0.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 2.0 29 6 6.6 +0.5
PEY Invesco High Yield Equity Dividend Achievers ETF 2.0 52 -17 7.3 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 2.0 17 18 5.5 -0.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 2.0 75 -40 5.5 -0.7
LSLT Salt Low truBeta US Market ETF 2.0 60 -25 5.2 -0.9
VSDA VictoryShares Dividend Accelerator ETF 2.0 35 0 4.5 -1.6
RNMC Mid Cap US Equity Select ETF 1.9 60 -25 6.0 -0.1
RSP Invesco S&P 500 Equal Weight ETF 1.9 20 15 5.1 -1.0
SIZE iShares MSCI USA Size Factor ETF 1.9 15 20 4.6 -1.5
JQUA JPMorgan U.S. Quality Factor ETF 1.9 12 23 4.9 -1.3
RFFC RiverFront Dynamic US Flex-Cap ETF 1.9 52 -17 4.3 -1.8
SMDY Syntax Stratified MidCap ETF 1.9 35 0 5.0 -1.1
EUSA iShares MSCI USA Equal Weighted ETF 1.9 15 20 4.6 -1.5
EQOP Natixis U.S. Equity Opportunities ETF 1.9 90 -55 4.0 -2.1
IWX iShares Russell Top 200 Value ETF 1.9 20 15 5.9 -0.2
ADME Aptus Drawdown Managed Equity ETF 1.9 79 -44 3.4 -2.7
VTV Vanguard Value Index Fund 1.9 4 31 6.3 +0.2
HOMZ Hoya Capital Housing ETF 1.8 30 5 6.8 +0.7
VIG Vanguard Dividend Appreciation Index Fund 1.8 6 29 5.2 -1.0
ECOZ TrueMark ESG Active Opportunities ETF 1.8 58 -23 3.3 -2.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.8 40 -5 5.4 -0.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.8 25 10 5.6 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 1.8 39 -4 5.7 -0.4
VBR Vanguard Small Cap Value Index Fund 1.8 7 28 6.0 -0.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 1.8 49 -14 4.4 -1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 1.8 25 10 5.6 -0.5
IWD iShares Russell 1000 Value ETF 1.7 19 16 5.8 -0.3
VONV Vanguard Russell 1000 Value Index Fund 1.7 8 27 5.9 -0.2
CZA Invesco Zacks Mid-Cap ETF 1.7 69 -34 4.8 -1.3
ROUS Hartford Multifactor US Equity ETF 1.7 19 16 5.4 -0.7
RYJ Invesco Raymond James SB-1 Equity ETF 1.7 76 -41 3.3 -2.8
QDF FlexShares Quality Dividend Index Fund 1.7 37 -2 5.9 -0.2
NUMV Nuveen ESG Mid-Cap Value ETF 1.7 40 -5 6.3 +0.2
DFAT Dimensional U.S. Targeted Value ETF 1.7 34 1 6.1 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 1.7 25 10 5.6 -0.6
IUSV iShares Core S&P U.S. Value ETF 1.7 4 31 6.1 -0.0
DON WisdomTree U.S. MidCap Dividend Fund 1.7 38 -3 6.5 +0.4
EGIS 2nd Vote Society Defended ETF 1.7 75 -40 5.6 -0.5
SVAL iShares US Small Cap Value Factor ETF 1.7 20 15 7.8 +1.7
TPLC Timothy Plan US Large Cap Core ETF 1.7 52 -17 4.5 -1.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 1.7 37 -2 7.1 +0.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 1.7 35 0 7.1 +1.0
SPLV Invesco S&P 500 Low Volatility ETF 1.6 25 10 5.2 -1.0
ALTL Pacer Lunt Large Cap Alternator ETF 1.6 60 -25 4.8 -1.3
USXF iShares ESG Advanced MSCI USA ETF 1.6 10 25 4.5 -1.6
VOOV Vanguard S&P 500 Value ETF 1.6 10 25 6.0 -0.1
AVUV Avantis U.S. Small Cap Value ETF 1.6 25 10 6.7 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 1.6 4 31 6.1 -0.1
MGMT Ballast Small/Mid Cap ETF 1.6 110 -75 5.3 -0.9
IVE iShares S&P 500 Value ETF 1.6 18 17 5.9 -0.2
XJH iShares ESG Screened S&P Mid-Cap ETF 1.6 12 23 5.6 -0.6
VEGN US Vegan Climate ETF 1.6 60 -25 3.7 -2.4
IMCV iShares Morningstar Mid-Cap Value ETF 1.6 6 29 6.2 +0.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.6 80 -45 4.9 -1.3
MGV Vanguard Mega Cap Value ETF 1.6 7 28 6.4 +0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.6 70 -35 4.8 -1.3
SCHV Schwab U.S. Large-Cap Value ETF 1.6 4 31 5.9 -0.2
LRGF iShares Edge MSCI Multifactor USA ETF 1.6 20 15 6.2 +0.1
GDVD Principal Active Global Dividend Income ETF 1.6 58 -23 0.0 -6.1
AVUS Avantis U.S. Equity ETF 1.6 15 20 5.0 -1.1
ILCV iShares Morningstar Value ETF 1.6 4 31 6.1 +0.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.6 9 26 4.7 -1.5
QUAL iShares MSCI Usa Quality Factor ETF 1.6 15 20 4.5 -1.6
NULC Nuveen ESG Large-Cap ETF 1.6 20 15 4.5 -1.6
DGRO iShares Core Dividend Growth ETF 1.5 8 27 6.0 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 1.5 15 20 0.0 -6.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 1.5 10 25 4.6 -1.5
KBWD Invesco KBW High Dividend Yield Financial ETF 1.5 124 -89 9.2 +3.0
DGT SPDR Global Dow ETF 1.5 50 -15 6.4 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 1.5 10 25 4.6 -1.5
IJH iShares Core S&P Mid-Cap ETF 1.5 5 30 5.5 -0.6
IVOO Vanguard S&P Mid-Cap 400 ETF 1.5 10 25 5.6 -0.6
SPMD SPDR Portfolio Mid Cap ETF 1.5 5 30 5.5 -0.6
MDY SPDR S&P Midcap 400 ETF Trust 1.5 23 12 5.3 -0.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.5 15 20 5.7 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.5 30 5 5.5 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 1.5 12 23 5.3 -0.8
RNDV US Equity Dividend Select ETF 1.5 50 -15 6.6 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.5 30 5 5.3 -0.9
PFM Invesco Dividend Achievers ETF 1.5 53 -18 5.1 -1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 1.5 20 15 0.0 -6.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 1.5 29 6 7.2 +1.0
IWS iShares Russell Mid-Cap Value ETF 1.5 24 11 5.5 -0.7
HIPR Direxion High Growth ETF 1.5 40 -5 3.4 -2.7
ETHO Etho Climate Leadership U.S. ETF 1.5 48 -13 3.8 -2.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 -17 4.7 -1.4
RESP WisdomTree US ESG Fund of Benef Interest 1.5 28 7 5.4 -0.8
KRMA Global X Conscious Companies ETF 1.4 43 -8 4.8 -1.3
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 31 4.7 -1.5
PFI Invesco DWA Financial Momentum ETF 1.4 60 -25 6.6 +0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 1.4 25 10 6.6 +0.5
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 -7 4.8 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.4 18 17 5.8 -0.4
RNLC Large Cap US Equity Select ETF 1.4 60 -25 5.0 -1.1
CSML IQ Chaikin U.S. Small Cap ETF 1.4 35 0 2.5 -3.7
VO Vanguard Mid-Cap Index Fund 1.4 4 31 4.3 -1.8
JHMM John Hancock Multifactor Mid Cap ETF 1.4 42 -7 4.6 -1.5
SPYD SPDR S&P 500 High Dividend ETF 1.3 7 28 8.0 +1.8
DIVB iShares U.S. Dividend & Buyback ETF 1.3 25 10 5.7 -0.4
RAFE PIMCO RAFI ESG U.S. ETF 1.3 30 5 6.5 +0.3
JHML John Hancock Multifactor Large Cap ETF 1.3 29 6 4.7 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 1.3 15 20 5.0 -1.2
SSLY Syntax Stratified SmallCap ETF 1.3 40 -5 4.8 -1.4
QDIV Global X S&P 500 Quality Dividend ETF 1.3 20 15 6.6 +0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.3 24 11 5.5 -0.6
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.3 60 -25 8.9 +2.8
GURU Global X Guru Index ETF 1.3 75 -40 2.7 -3.4
EPS WisdomTree U.S. Earnings 500 Fund 1.2 8 27 5.8 -0.3
PSET Principal Price Setters Index ETF 1.2 15 20 4.7 -1.4
SIXL 6 Meridian Low Beta Equity Strategy ETF 1.2 88 -53 4.4 -1.8
DFAC Dimensional U.S. Core Equity 2 ETF 1.2 19 16 4.9 -1.2
KNGS UPHOLDINGS Compound Kings ETF 1.2 60 -25 2.7 -3.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 1.2 28 7 6.0 -0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 1.2 41 -6 5.7 -0.4
FYT First Trust Small Cap Value AlphaDEX Fund 1.2 72 -37 8.0 +1.9
SPXT ProShares S&P 500 Ex-Technology ETF 1.2 27 8 4.7 -1.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 28 3.8 -2.4
VFQY Vanguard U.S. Quality Factor ETF 1.2 13 22 5.0 -1.2
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 29 5.3 -0.8
IMCB iShares Morningstar Mid-Cap ETF 1.1 4 31 4.6 -1.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.1 4 31 4.6 -1.5
QDEF FlexShares Quality Dividend Defensive Index Fund 1.1 37 -2 5.5 -0.6
ROSC Hartford Multifactor Small Cap ETF 1.1 34 1 6.8 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 1.1 19 16 5.3 -0.9
DFAS Dimensional U.S. Small Cap ETF 1.1 34 1 4.7 -1.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 0 6.6 +0.5
PSC Principal U.S. Small Cap Index ETF 1.1 38 -3 4.9 -1.2
IQSU IQ Candriam ESG US Equity ETF 1.1 9 26 4.4 -1.7
DSI iShares MSCI KLD 400 Social ETF 1.1 25 10 4.4 -1.7
DFAU Dimensional US Core Equity Market ETF 1.1 12 23 4.7 -1.4
EQAL Invesco Russell 1000 Equal Weight ETF 1.1 20 15 5.0 -1.1
STLC iShares Factors US Blend Style ETF 1.1 25 10 5.3 -0.8
OSCV Opus Small Cap Value Plus ETF 1.0 79 -44 4.0 -2.1
QWLD SPDR MSCI World StrategicFactors ETF 1.0 30 5 5.2 -0.9
SYV SPDR MFS Systematic Value Equity ETF 1.0 60 -25 0.0 -6.1
QLC FlexShares US Quality Large Cap Index Fund 1.0 32 3 4.6 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.0 25 10 4.7 -1.4
USMV iShares Edge MSCI Min Vol USA ETF 1.0 15 20 4.8 -1.3
IWR iShares Russell Midcap ETF 1.0 19 16 4.5 -1.6
DES WisdomTree U.S. SmallCap Dividend Fund 1.0 38 -3 6.4 +0.3
IVLC Invesco US Large Cap Core ESG ETF 1.0 48 -13 4.3 -1.9
EZM WisdomTree U.S. MidCap Earnings Fund 1.0 38 -3 7.5 +1.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.0 30 5 5.1 -1.0
HLGE Hartford Longevity Economy ETF 1.0 44 -9 5.9 -0.2
ESGV Vanguard ESG U.S. Stock ETF 1.0 12 23 4.5 -1.7
ACIO Aptus Collared Income Opportunity ETF 1.0 79 -44 3.8 -2.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 1.0 15 20 4.6 -1.5
VB Vanguard Small-Cap ETF 1.0 5 30 4.3 -1.8
SPXV ProShares S&P 500 Ex-Health Care ETF 1.0 27 8 4.2 -2.0
SYLD Cambria Shareholder Yield ETF 1.0 59 -24 7.6 +1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.0 25 10 4.8 -1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 1.0 20 15 4.5 -1.6
ACVF American Conservative Values ETF 0.9 75 -40 4.0 -2.1
XVV iShares ESG Screened S&P 500 ETF 0.9 8 27 4.6 -1.6
SMMD iShares Russell 2500 ETF 0.9 15 20 4.8 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 0.9 29 6 4.3 -1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 0.9 25 10 5.4 -0.7
VLUE iShares MSCI USA Value Factor ETF 0.9 15 20 9.5 +3.3
DFUS Dimensional U.S. Equity ETF 0.9 11 24 4.5 -1.7
SPTM SPDR Portfolio Total Stock Market ETF 0.9 3 32 4.7 -1.4
IYY iShares Dow Jones U.S. ETF 0.9 20 15 4.4 -1.8
VFMF Vanguard U.S. Multifactor ETF 0.9 19 16 7.0 +0.9
TTAC TrimTabs US Free Cash Flow Quality ETF 0.9 59 -24 4.7 -1.4
PBUS Invesco PureBeta MSCI USA ETF 0.9 4 31 4.5 -1.6
SPHB Invesco S&P 500 High Beta ETF 0.9 25 10 4.0 -2.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.9 27 8 4.5 -1.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 15 20 6.5 +0.4
PBP Invesco S&P 500 BuyWrite ETF 0.9 49 -14 4.3 -1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.9 20 15 4.6 -1.6
VONE Vanguard Russell 1000 ETF 0.9 8 27 4.5 -1.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.9 15 20 6.6 +0.5
VFMO Vanguard U.S. Momentum Factor ETF 0.9 13 22 3.2 -3.0
VOO VANGUARD S&P 500 ETF 0.9 3 32 4.6 -1.5
XYLG Global X S&P 500 Covered Call & Growth ETF 0.9 60 -25 4.2 -1.9
SPLG SPDR Portfolio Large Cap ETF 0.9 3 32 4.7 -1.5
IJS iShares S&P Small-cap 600 Value ETF 0.8 18 17 6.5 +0.4
SCHX Schwab U.S. Large-Cap ETF 0.8 3 32 4.5 -1.6
IWB iShares Russell 1000 ETF 0.8 15 20 4.4 -1.7
SPY SPDR S&P 500 ETF Trust 0.8 9 26 4.6 -1.5
SFYX Sofi Next 500 ETF 0.8 0 35 4.5 -1.7
IVV iShares Core S&P 500 ETF 0.8 3 32 4.6 -1.5
SNPE Xtrackers S&P 500 ESG ETF 0.8 10 25 4.5 -1.6
SCHK Schwab 1000 Index ETF 0.8 5 30 4.5 -1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 31 4.1 -2.0
ILCB iShares Morningstar U.S. Equity ETF 0.8 3 32 4.5 -1.6
EFIV SPDR S&P 500 ESG ETF 0.8 10 25 4.6 -1.6
DVY iShares Select Dividend ETF 0.8 39 -4 7.6 +1.5
SCHB Schwab U.S. Broad Market ETF 0.8 3 32 4.4 -1.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.8 40 -5 5.2 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.8 2 33 4.6 -1.6
IWV iShares Russell 3000 ETF 0.8 20 15 4.3 -1.9
WDIV SPDR Global Dividend ETF 0.8 40 -5 8.6 +2.5
VTHR Vanguard Russell 3000 Index Fund 0.8 10 25 4.4 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.8 3 32 4.3 -1.8
WBIY WBI Power Factor High Dividend ETF 0.8 70 -35 8.6 +2.4
KOMP SPDR Kensho New Economies Composite ETF 0.8 20 15 1.6 -4.6
VTI Vanguard Total Stock Market Index Fund 0.8 3 32 4.3 -1.8
VAMO Cambria Value & Momentum ETF 0.8 63 -28 5.0 -1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 -4 3.5 -2.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.8 39 -4 8.3 +2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.8 12 23 4.4 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 0.8 15 20 4.5 -1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.8 7 28 4.5 -1.7
VV Vanguard Large-Cap Index Fund 0.8 4 31 4.5 -1.6
IWL iShares Russell Top 200 ETF 0.8 15 20 4.4 -1.7
DTD WisdomTree U.S.Total Dividend Fund 0.8 28 7 6.1 -0.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.8 20 15 7.1 +0.9
HKND Humankind US Stock ETF 0.8 209 -174 3.7 -2.5
ISCB iShares Morningstar Small-Cap ETF 0.8 4 31 3.0 -3.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 -30 8.0 +1.9
VXF Vanguard Extended Market Index Fund 0.8 6 29 2.5 -3.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.8 0 35 4.5 -1.6
VNMC Natixis Vaughan Nelson Mid Cap ETF 0.7 85 -50 6.1 -0.0
IUSS Invesco Strategic US Small Company ETF 0.7 23 12 4.4 -1.8
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 -17 5.9 -0.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.7 20 15 5.1 -1.0
VTWV Vanguard Russell 2000 Value Index Fund 0.7 15 20 4.8 -1.4
SUSA iShares MSCI USA ESG Select ETF 0.7 25 10 4.2 -1.9
IWN iShares Russell 2000 Value ETF 0.7 24 11 4.7 -1.5
SCHA Schwab U.S. Small-Cap ETF 0.7 4 31 3.5 -2.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 29 3.0 -3.1
SQLV Legg Mason Small-Cap Quality Value 0.7 62 -27 5.3 -0.8
ISMD Inspire Small/Mid Cap Impact ETF 0.7 57 -22 4.9 -1.2
MMLG First Trust Multi-Manager Large Growth ETF 0.7 85 -50 1.5 -4.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.7 75 -40 4.2 -2.0
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 6 4.6 -1.6
MGC Vanguard Mega Cap Index Fund 0.7 7 28 4.5 -1.6
STMB iShares Factors US Mid Blend Style ETF 0.7 30 5 5.4 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 7 6.0 -0.1
AFSM First Trust Active Factor Small Cap ETF 0.7 77 -42 5.3 -0.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.7 35 0 6.2 +0.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.7 35 0 6.2 +0.1
OUSA O'Shares FTSE US Quality Dividend ETF 0.7 48 -13 5.4 -0.7
BLES Inspire Global Hope Large Cap ETF 0.7 52 -17 4.9 -1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.7 34 1 3.7 -2.5
FVAL Fidelity Value Factor ETF 0.6 29 6 6.4 +0.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 -4 6.2 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 26 4.9 -1.2
HDV iShares Core High Dividend ETF 0.6 8 27 6.1 0.0
TOK iShares MSCI Kokusai ETF 0.6 25 10 4.7 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 26 5.1 -1.0
SFY SoFi Select 500 ETF 0.6 0 35 4.3 -1.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.6 15 20 4.3 -1.8
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 18 4.3 -1.9
RECS Columbia Research Enhanced Core ETF 0.6 15 20 5.0 -1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.6 15 20 4.3 -1.8
URTH iShares MSCI World ETF 0.6 24 11 4.8 -1.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 63 -28 5.7 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.6 6 29 3.9 -2.3
RNSC Small Cap US Equity Select ETF 0.6 60 -25 5.8 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.6 9 26 4.9 -1.2
FCPI Fidelity Stocks for Inflation ETF 0.5 29 6 5.3 -0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.5 20 15 5.2 -0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.5 35 0 5.1 -1.1
JDIV JPMorgan U.S. Dividend ETF 0.5 12 23 6.7 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 15 5.2 -0.9
ACWI iShares MSCI ACWI ETF 0.5 32 3 5.0 -1.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.5 15 20 6.0 -0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.5 17 18 3.8 -2.3
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 25 5.6 -0.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 5 30 5.8 -0.4
SLY SPDR S&P 600 Small Cap ETF 0.5 15 20 5.7 -0.5
VIDI Vident International Equity Fund 0.5 59 -24 9.3 +3.2
IJR iShares Core S&P Small Cap ETF 0.5 6 29 5.7 -0.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 15 4.2 -1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.5 29 6 0.8 -5.3
VT Vanguard Total World Stock ETF 0.5 8 27 5.3 -0.9
STSB iShares Factors US Small Blend Style ETF 0.5 35 0 3.5 -2.7
VTWO Vanguard Russell 2000 Index Fund 0.5 10 25 2.7 -3.5
IWM iShares Russell 2000 ETF 0.5 19 16 2.6 -3.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.5 29 6 6.1 -0.0
MTUM iShares MSCI USA Momentum Factor ETF 0.5 15 20 4.2 -2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -35 0.7 -5.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 23 5.4 -0.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 23 3.6 -2.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 29 0.5 -5.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 0.4 48 -13 5.7 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.4 29 6 5.0 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 0.3 32 3 4.4 -1.7
VALQ American Century STOXX U.S. Quality Value ETF 0.3 29 6 6.7 +0.6
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 15 3.9 -2.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.3 24 11 6.0 -0.1
JVAL JPMorgan U.S. Value Factor ETF 0.3 12 23 6.8 +0.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.3 30 5 6.2 +0.1
IWO iShares Russell 2000 Growth ETF 0.3 24 11 0.1 -6.1
VTWG Vanguard Russell 2000 Growth Index Fund 0.3 15 20 0.2 -6.0
FTHI First Trust High Income ETF 0.3 85 -50 5.0 -1.2
FTLB First Trust Hedged BuyWrite Income ETF 0.3 85 -50 4.9 -1.2
BFOR Barron's 400 ETF 0.3 70 -35 5.8 -0.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 26 3.4 -2.7
SPHQ Invesco S&P 500 Quality ETF 0.2 15 20 4.8 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -40 3.1 -3.1
SQEW LeaderShares Equity Skew ETF 0.2 75 -40 5.7 -0.4
GSPY Gotham Enhanced 500 ETF 0.2 50 -15 4.6 -1.5
NUSC Nuveen ESG Small-Cap ETF 0.2 40 -5 3.8 -2.3
IWP iShares Russell Mid-Cap Growth ETF 0.2 24 11 2.8 -3.3
IUSG iShares Core S&P US Growth ETF 0.2 4 31 3.8 -2.3
EES WisdomTree SmallCap Earnings Fund 0.2 38 -3 7.6 +1.5
VOOG Vanguard S&P 500 Growth ETF 0.2 10 25 3.8 -2.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.2 21 14 2.9 -3.2
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 31 3.8 -2.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 5 5.1 -1.1
IVW iShares S&P 500 Growth ETF 0.2 18 17 3.7 -2.4
AIEQ AI Powered Equity ETF 0.2 80 -45 -0.2 -6.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 -14 4.4 -1.7
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 8 7.3 +1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 -7 4.6 -1.5
OEF iShares S&P 100 ETF 0.2 20 15 4.3 -1.8
DHS WisdomTree U.S. High Dividend Fund 0.2 38 -3 7.8 +1.6
ILCG iShares Morningstar Growth ETF 0.1 4 31 3.0 -3.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 -4 3.8 -2.4
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -10 7.7 +1.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 -25 6.0 -0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 63 -28 1.8 -4.3
LVHD Legg Mason Low Volatility High Dividend ETF 0.1 27 8 6.5 +0.4
XSHQ Invesco S&P SmallCap Quality ETF 0.1 29 6 6.0 -0.2
JSML Janus Henderson Small Cap Growth Alpha ETF 0.1 30 5 5.5 -0.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 16 19 4.7 -1.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 17 4.7 -1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 0.1 15 20 4.8 -1.4
DEW WisdomTree Global High Dividend Fund 0.1 58 -23 8.3 +2.2
IWC iShares Micro-Cap ETF 0.1 60 -25 -2.3 -8.5
VONG Vanguard Russell 1000 Growth Index Fund 0.0 8 27 3.7 -2.4
IWF iShares Russell 1000 Growth ETF 0.0 19 16 3.6 -2.5
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 31 3.2 -2.9

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

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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

Content on this tab for subscribers only

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:		 Invesco KBW Property & Casualty Insurance ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 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.
 

 

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.