Invesco KBW Regional Banking ETF
ALTAR
Score™		 7.8% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 14.8x P/Sales
ratio		 3.3x
P/BV
ratio		 1.2x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco KBW Regional Banking Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Regional Banking Index (the "Underlying Index"). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index.

FUND BASICS
Category US Equities
Fund Sponsor Tax Exempt Securities Trust In
Website www.invesco.com
Inception date Nov 01, 2011
Assets (mns) $61
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $4,274
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 92.2%
Small cap (<$2bn) 7.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WEBSTER FINANCIAL CORP 4.2 %
PINNACLE FINANCIAL PARTNERS 3.9 %
COMMERCE BANCSHARES INC 3.8 %
SOUTH STATE CORP 3.3 %
POPULAR INC 2.8 %
TEXAS CAPITAL BANCSHARES INC 2.2 %
CULLEN/FROST BANKERS INC 2.2 %
COLUMBIA BANKING SYSTEM INC 2.2 %
WINTRUST FINANCIAL CORP 2.2 %
SYNOVUS FINANCIAL CORP. 2.1 %
Total 28.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
PUERTO RICO 4.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.4% 44.0% 6.4% 6.8% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.82 24%
MSCI EAFE 0.81 24%
MSCI Emg. Mkts. 0.60 13%

Technical Indicators
Recent close $64.47
30d moving avg. $57.06
Annualized volatility 29.3%
Short interest (ETF) 1.6%
Short interest (Underlying) 2.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.7%
Bid/Ask (% of price) 0.76%
ADV underlying (mns) $1,343

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 276 potential alternatives to the Invesco KBW Regional Banking ETF ETF based on the alternatives' overlap in portfolio holdings with KBWR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KBWR Expense: 35 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KBWR
Ticker Fund
Name		 Overlap1
vs KBWR
(%)		 Expense
ratio
(bp)		 Savings
vs KBWR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KBWR
(%)
KBE SPDR S&P Bank ETF 48.5 35 0 8.3 +0.5
KRE SPDR S&P Regional Banking ETF 43.0 35 0 8.3 +0.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 37.7 60 -25 7.4 -0.5
FTXO First Trust Nasdaq Bank ETF 23.9 60 -25 7.8 0.0
IAT iShares U.S. Regional Banks ETF 23.2 40 -5 8.4 +0.6
PSCF Invesco S&P SmallCap Financials ETF 18.2 29 6 8.5 +0.6
XMVM Invesco S&P MidCap Value with Momentum ETF 16.9 39 -4 9.9 +2.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 16.7 35 0 5.2 -2.7
SVAL iShares US Small Cap Value Factor ETF 16.2 20 15 9.8 +2.0
DFSV Dimensional US Small Cap Value ETF 12.9 31 4 8.3 +0.4
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 12.3 40 -5 6.2 -1.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 11.6 12 23 7.2 -0.7
SMCP AlphaMark Actively Managed Small Cap ETF 11.2 90 -55 3.9 -3.9
FXO First Trust Financials AlphaDEX Fund 11.2 62 -27 7.4 -0.5
SMDV ProShares Russell 2000 Dividend Growers ETF 11.0 40 -5 6.4 -1.4
DFAT Dimensional U.S. Targeted Value ETF 10.2 28 7 7.8 -0.1
VTWV Vanguard Russell 2000 Value ETF 9.1 15 20 4.9 -2.9
ISCV iShares Morningstar Small Cap Value ETF 9.1 6 29 7.2 -0.6
IWN iShares Russell 2000 Value ETF 9.1 24 11 4.8 -3.1
DES WisdomTree U.S. SmallCap Dividend Fund 8.9 38 -3 6.8 -1.0
AVUV Avantis U.S. Small Cap Value ETF 8.9 25 10 8.8 +1.0
IJS iShares S&P Small-Cap 600 Value ETF 8.7 18 17 7.4 -0.4
IJJ iShares S&P Mid-Cap 400 Value ETF 8.5 18 17 6.9 -0.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.5 15 20 7.4 -0.4
AIRR First Trust RBA American Industrial Renaissance ETF 8.4 70 -35 4.8 -3.1
SLYV SPDR S&P 600 Small Cap Value ETF 8.4 15 20 7.4 -0.4
FTDS First Trust Dividend Strength ETF 8.4 70 -35 8.1 +0.3
MDYV SPDR S&P 400 Mid Cap Value ETF 8.3 15 20 7.0 -0.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 8.2 15 20 7.0 -0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 7.7 4 31 4.8 -3.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 7.5 35 0 6.2 -1.7
TPSC Timothy Plan US Small Cap Core ETF 7.5 52 -17 6.5 -1.3
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 7.5 42 -7 6.1 -1.7
FYT First Trust Small Cap Value AlphaDEX Fund 7.4 73 -38 7.8 -0.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 7.3 39 -4 5.8 -2.1
JHSC John Hancock Multifactor Small Cap ETF 7.3 42 -7 6.6 -1.3
RFV Invesco S&P Midcap 400 Pure Value ETF 6.8 35 0 8.0 +0.2
EZM WisdomTree U.S. MidCap Fund 6.8 38 -3 7.4 -0.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 6.7 36 -1 11.1 +3.3
STXK Strive Small-Cap ETF 6.7 18 17 5.0 -2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.6 60 -25 9.0 +1.2
FNDA Schwab Fundamental US Small Co. Index ETF 6.5 25 10 6.0 -1.9
SMAP Amplify Small-Mid Cap Equity ETF 6.5 60 -25 4.6 -3.2
AVSC Avantis U.S Small Cap Equity ETF 6.4 25 10 4.7 -3.2
DON WisdomTree U.S. MidCap Dividend Fund 6.4 38 -3 7.7 -0.1
ESIX SPDR S&P SmallCap 600 ESG ETF 6.4 12 23 7.4 -0.4
DFAS Dimensional U.S. Small Cap ETF 6.3 26 9 5.5 -2.3
VBR Vanguard Small Cap Value ETF 6.1 7 28 7.8 -0.0
SMCF Themes US Small Cap Cash Flow Champions ETF 6.1 29 6 10.2 +2.3
ETHO Etho Climate Leadership U.S. ETF 6.0 47 -12 3.4 -4.4
WBIY WBI Power Factor High Dividend ETF 6.0 100 -65 11.2 +3.3
FOVL iShares Focused Value Factor ETF 5.9 25 10 8.5 +0.6
XJR iShares ESG Screened S&P Small-Cap ETF 5.8 12 23 7.0 -0.9
VFVA Vanguard U.S. Value Factor ETF 5.8 13 22 10.0 +2.2
EES WisdomTree U.S. SmallCap Fund 5.7 38 -3 9.1 +1.2
FNK First Trust Mid Cap Value AlphaDEX Fund 5.7 70 -35 10.0 +2.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 5.6 15 20 6.7 -1.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 5.5 15 20 7.5 -0.4
PEY Invesco High Yield Equity Dividend Achievers ETF 5.4 52 -17 10.1 +2.2
XJH iShares ESG Screened S&P Mid-Cap ETF 5.4 12 23 6.5 -1.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 5.3 60 -25 6.4 -1.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 5.1 9 26 3.3 -4.5
IJR iShares Core S&P Small Cap ETF 5.1 6 29 6.6 -1.2
RNSC Furst Trust Small Cap US Equity Select ETF 5.1 60 -25 6.8 -1.0
VIOO Vanguard S&P Small-Cap 600 ETF 5.0 10 25 6.6 -1.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 4.9 3 32 6.7 -1.2
ISMD Inspire Small/Mid Cap ETF 4.9 54 -19 5.3 -2.6
MDY SPDR S&P Midcap 400 ETF Trust 4.8 24 11 6.2 -1.7
SCHA Schwab U.S. Small-Cap ETF 4.8 4 31 4.4 -3.4
IJH iShares Core S&P Mid-Cap ETF 4.8 5 30 6.4 -1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 4.8 15 20 6.8 -1.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 4.8 24 11 7.0 -0.8
RSSL Global X Russell 2000 ETF 4.8 8 27 2.6 -5.3
ISCB iShares Morningstar Small-Cap ETF 4.7 4 31 4.8 -3.1
PSC Principal U.S. Small-Cap ETF 4.7 38 -3 5.9 -2.0
VTWO Vanguard Russell 2000 ETF 4.7 10 25 2.9 -5.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 4.7 3 32 6.4 -1.5
IVOO Vanguard S&P Mid-Cap 400 ETF 4.7 10 25 6.4 -1.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 4.6 17 18 4.7 -3.2
IWM iShares Russell 2000 ETF 4.6 19 16 2.8 -5.1
HAPY Harbor Human Capital Factor Unconstrained ETF 4.5 50 -15 4.4 -3.4
FYX First Trust Small Cap Core AlphaDEX Fund 4.5 61 -26 4.6 -3.3
NUSC Nuveen ESG Small-Cap ETF 4.5 31 4 5.0 -2.8
AUSF Global X Adaptive U.S. Factor ETF 4.5 27 8 8.6 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 4.5 60 -25 6.8 -1.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.3 47 -12 8.0 +0.1
SFYX SoFi Next 500 ETF 4.2 0 35 4.7 -3.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.9 20 15 4.6 -3.3
GRPM Invesco S&P MidCap 400 GARP ETF 3.8 35 0 9.0 +1.2
DHS WisdomTree U.S. High Dividend Fund 3.7 38 -3 7.6 -0.3
SCAP InfraCap Small Cap Income ETF 3.7 135 -100 8.5 +0.7
TMDV ProShares Russell US Dividend Growers ETF 3.7 35 0 5.9 -1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 3.6 7 28 5.3 -2.5
FESM Fidelity Enhanced Small Cap ETF 3.5 28 7 1.7 -6.2
VB Vanguard Small-Cap ETF 3.5 5 30 4.9 -2.9
FLDZ RiverNorth Patriot ETF 3.5 75 -40 5.2 -2.7
FSCS First Trust SMID Capital Strength ETF 3.2 60 -25 5.8 -2.0
FAB First Trust Multi Cap Value AlphaDEX Fund 3.2 67 -32 8.6 +0.7
VFMF Vanguard U.S. Multifactor ETF 3.2 18 17 8.5 +0.7
OSCV Opus Small Cap Value ETF 3.2 79 -44 5.7 -2.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.1 35 0 8.1 +0.2
RNMC First Trust Mid Cap US Equity Select ETF 3.1 60 -25 6.3 -1.6
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 3.1 35 0 4.6 -3.3
VFQY Vanguard U.S. Quality Factor ETF 3.0 13 22 7.5 -0.3
FNCL Fidelity MSCI Financials Index ETF 3.0 8 27 5.6 -2.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.0 29 6 6.5 -1.3
VXF Vanguard Extended Market ETF 3.0 6 29 3.5 -4.4
XSMO Invesco S&P SmallCap Momentum ETF 3.0 39 -4 6.8 -1.0
AFMC First Trust Active Factor Mid Cap ETF 2.9 65 -30 6.9 -1.0
SMDY Syntax Stratified MidCap ETF 2.9 35 0 5.8 -2.1
ZIG Acquirers Fund 2.8 84 -49 13.1 +5.2
SMLF iShares U.S. SmallCap Equity Factor ETF 2.8 15 20 4.6 -3.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.8 60 -25 5.5 -2.3
VFH Vanguard Financials ETF 2.8 10 25 5.7 -2.2
CVY Invesco Zacks Multi-Asset Income ETF 2.8 106 -71 9.8 +1.9
DVLU First Trust Dorsey Wright Momentum & Value ETF 2.7 60 -25 8.7 +0.8
WDIV SPDR S&P Global Dividend ETF 2.7 40 -5 9.4 +1.5
RWK Invesco S&P MidCap 400 Revenue ETF 2.7 39 -4 6.9 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.6 39 -4 4.1 -3.8
GRPZ Invesco S&P SmallCap 600 GARP ETF 2.5 35 0 9.8 +2.0
SDY SPDR S&P Dividend ETF 2.5 35 0 5.9 -1.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.4 27 8 7.1 -0.7
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.4 60 -25 6.1 -1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.3 70 -35 2.7 -5.1
STXM Strive Mid-Cap ETF 2.3 18 17 6.1 -1.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 2.3 25 10 5.2 -2.6
ROSC Hartford Multifactor Small Cap ETF 2.3 34 1 8.6 +0.8
FSMD Fidelity Small-Mid Multifactor ETF 2.2 15 20 6.8 -1.0
XSHQ Invesco S&P SmallCap Quality ETF 2.1 29 6 8.3 +0.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.1 39 -4 7.5 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.1 52 -17 5.3 -2.6
UDI USCF Dividend Income Fund 2.1 65 -30 7.3 -0.6
SCHM Schwab U.S. Mid-Cap ETF 2.0 4 31 6.0 -1.9
IYG iShares US Financial Services ETF 2.0 40 -5 5.0 -2.9
MBOX Freedom Day Dividend ETF 2.0 39 -4 7.4 -0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.0 80 -45 5.8 -2.0
KBWD Invesco KBW High Dividend Yield Financial ETF 1.9 384 -349 9.3 +1.5
HAPS Harbor Human Capital Factor US Small Cap ETF 1.8 60 -25 2.4 -5.5
NIXT Research Affiliates Deletions ETF 1.8 9 26 5.2 -2.6
DVY iShares Select Dividend ETF 1.7 38 -3 8.0 +0.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 0 6.6 -1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.7 4 31 5.6 -2.2
QDEF FlexShares Quality Dividend Defensive Index Fund 1.6 37 -2 3.9 -4.0
ARB AltShares Merger Arbitrage ETF 1.6 77 -42 4.4 -3.5
IYF iShares U.S. Financials ETF 1.6 40 -5 5.4 -2.5
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 1.5 38 -3 4.9 -2.9
XSLV Invesco S&P SmallCap Low Volatility ETF 1.5 25 10 6.8 -1.1
JVAL JPMorgan U.S. Value Factor ETF 1.5 12 23 7.8 -0.1
SQLV Royce Quant Small-Cap Quality Value ETF 1.5 60 -25 7.1 -0.7
FDL First Trust Morningstar Dividend Leaders Index Fund 1.4 45 -10 8.9 +1.1
ONEY SPDR Russell 1000 Yield Focus ETF 1.4 20 15 9.3 +1.4
SMMD iShares Russell 2500 ETF 1.4 15 20 5.5 -2.3
VSDA VictoryShares Dividend Accelerator ETF 1.4 35 0 6.7 -1.1
DFUV Dimensional US Marketwide Value ETF 1.4 22 13 7.2 -0.7
DFAC Dimensional U.S. Core Equity 2 ETF 1.4 17 18 5.3 -2.5
IJT iShares S&P Small-Cap 600 Growth ETF 1.3 18 17 5.8 -2.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.3 15 20 5.8 -2.1
SLYG SPDR S&P 600 Small Cap Growth ETF 1.3 15 20 5.8 -2.1
AFSM First Trust Active Factor Small Cap ETF 1.3 75 -40 6.3 -1.5
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 1.3 5 30 7.3 -0.5
PFI Invesco Dorsey Wright Financial Momentum ETF 1.3 60 -25 5.0 -2.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -21 13.5 +5.6
IJK iShares S&P Mid-Cap 400 Growth ETF 1.3 17 18 5.7 -2.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.2 15 20 5.7 -2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.2 15 20 5.7 -2.1
AVUS Avantis U.S. Equity ETF 1.2 15 20 5.6 -2.2
AVSU Avantis Responsible U.S. Equity ETF 1.1 15 20 6.1 -1.8
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 10 6.6 -1.3
SCHD Schwab US Dividend Equity ETF 1.1 6 29 9.2 +1.4
DCOR Dimensional US Core Equity 1 ETF 1.1 14 21 5.3 -2.5
VYM Vanguard High Dividend Yield Index ETF 1.1 6 29 6.8 -1.1
DTD WisdomTree U.S. Total Dividend Fund 1.0 28 7 6.0 -1.9
BFOR ALPS Barron's 400 ETF 1.0 65 -30 5.6 -2.2
VLU SPDR S&P 1500 Value Tilt ETF 1.0 12 23 6.7 -1.2
IWS iShares Russell Mid-Cap Value ETF 1.0 23 12 6.2 -1.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.0 20 15 6.3 -1.6
JHMM John Hancock Multifactor Mid Cap ETF 1.0 42 -7 6.1 -1.8
SSLY Syntax Stratified SmallCap ETF 1.0 40 -5 7.4 -0.5
DFSU Dimensional US Sustainability Core 1 ETF 0.9 18 17 5.4 -2.4
QDF FlexShares Quality Dividend Index Fund 0.9 37 -2 4.2 -3.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 10 7.2 -0.6
DEW WisdomTree Global High Dividend Fund 0.9 58 -23 8.5 +0.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.9 35 0 5.9 -2.0
CZA Invesco Zacks Mid-Cap ETF 0.9 72 -37 5.6 -2.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.8 60 -25 6.3 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.8 39 -4 8.6 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.8 64 -29 1.8 -6.0
CGDG Capital Group Dividend Growers ETF 0.8 47 -12 6.6 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 -4 6.8 -1.1
IWR iShares Russell Midcap ETF 0.8 19 16 5.4 -2.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -36 -0.5 -8.3
ACTV LeaderShares Activist Leaders ETF 0.7 75 -40 6.7 -1.2
CVAR Cultivar ETF 0.7 87 -52 6.7 -1.2
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 0.7 27 8 0.0 -7.8
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 20 7.1 -0.7
TXS Texas Capital Texas Equity Index ETF 0.6 49 -14 4.7 -3.1
DIVB iShares Core Dividend ETF 0.6 5 30 7.5 -0.4
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -54 4.9 -2.9
DFAU Dimensional US Core Equity Market ETF 0.6 12 23 5.0 -2.8
DGRO iShares Core Dividend Growth ETF 0.6 8 27 6.3 -1.5
GINX SGI Enhanced Global Income ETF 0.5 98 -63 5.6 -2.2
FVD First Trust Value Line Dividend Index Fund 0.5 65 -30 6.3 -1.6
IUSV iShares Core S&P US Value ETF 0.5 4 31 6.4 -1.4
XMMO Invesco S&P MidCap Momentum ETF 0.5 34 1 5.6 -2.2
STXV Strive 1000 Value ETF 0.5 18 17 7.5 -0.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 15 6.8 -1.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 5 6.5 -1.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 14 3.8 -4.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 10 6.8 -1.1
PFM Invesco Dividend Achievers ETF 0.5 53 -18 5.3 -2.5
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 26 4.8 -3.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 11 7.3 -0.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 29 2.3 -5.6
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 18 6.9 -1.0
HLGE Hartford Longevity Economy ETF 0.4 44 -9 6.0 -1.9
VIG Vanguard Dividend Appreciation ETF 0.4 6 29 5.6 -2.2
DFUS Dimensional U.S. Equity ETF 0.4 9 26 4.9 -3.0
IWO iShares Russell 2000 Growth ETF 0.4 24 11 0.6 -7.3
VTWG Vanguard Russell 2000 Growth ETF 0.4 15 20 0.7 -7.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 32 4.8 -3.0
VTHR Vanguard Russell 3000 ETF 0.4 10 25 4.7 -3.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 20 5.8 -2.1
IWV iShares Russell 3000 ETF 0.4 20 15 4.7 -3.2
VTI Vanguard Total Stock Market ETF 0.4 3 32 4.7 -3.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.4 3 32 5.1 -2.7
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 4.9 -3.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 -25 1.4 -6.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 23 4.5 -3.3
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.4 30 5 7.9 +0.1
IWD iShares Russell 1000 Value ETF 0.4 19 16 6.1 -1.7
VONV Vanguard Russell 1000 Value ETF 0.4 8 27 6.3 -1.6
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 22 2.1 -5.7
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 23 5.3 -2.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 23 6.2 -1.6
ROUS Hartford Multifactor US Equity ETF 0.3 19 16 6.5 -1.3
PTL Inspire 500 ETF 0.3 9 26 5.6 -2.2
VALQ American Century U.S. Quality Value ETF 0.3 29 6 7.4 -0.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.3 15 20 4.9 -2.9
KRUZ Unusual Whales Subversive Republican Trading ETF 0.3 75 -40 5.4 -2.4
VT Vanguard Total World Stock ETF 0.2 7 28 5.5 -2.3
FBCV Fidelity Blue Chip Value ETF 0.2 59 -24 7.0 -0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 17 7.2 -0.6
HKND Humankind US Stock ETF 0.2 11 24 7.1 -0.7
IYY iShares Dow Jones U.S. ETF 0.2 20 15 4.8 -3.1
SCHK Schwab 1000 Index ETF 0.2 5 30 5.0 -2.9
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 17 6.4 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 15 7.6 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 5.8 -2.1
REVS Columbia Research Enhanced Value ETF 0.2 19 16 7.4 -0.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 24 4.9 -2.9
IWB iShares Russell 1000 ETF 0.2 15 20 4.8 -3.0
VONE Vanguard Russell 1000 ETF 0.2 8 27 4.9 -3.0
VBK Vanguard Small-Cap Growth ETF 0.2 7 28 1.1 -6.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.2 15 20 9.3 +1.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 21 5.0 -2.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 4.3 -3.6
GVLU Gotham 1000 Value ETF 0.1 50 -15 7.4 -0.4
STXD Strive 1000 Dividend Growth ETF 0.1 35 0 5.2 -2.6
PKW Invesco Buyback Achievers ETF 0.1 62 -27 6.4 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 6.4 -1.4
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 12 6.0 -1.9
HDUS Hartford Disciplined US Equity ETF 0.1 19 16 5.9 -1.9
RECS Columbia Research Enhanced Core ETF 0.1 15 20 5.5 -2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 6 6.4 -1.5
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 31 4.7 -3.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 15 4.9 -3.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 5.0 -2.9
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.0 -2.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.8 -1.0
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.3 -2.6
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 12 3.1 -4.8
STXG Strive 1000 Growth ETF 0.0 18 17 4.1 -3.8
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 7.4 -0.4
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.5 -3.4
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.6 -3.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.5 -3.4

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:		 Invesco KBW Regional Banking ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 CATEGORY
AVERAGE		 1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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