Invesco KBW Regional Banking ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.1x P/Sales
ratio		 3.9x
P/BV
ratio		 1.3x Div.
yield		 2.4%


  • 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) $60
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 48
Wgt avg mkt cap (mns) $4,892
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 89.2%
Small cap (<$2bn) 10.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SOUTHSTATE BANK CORP 4.0 %
WEBSTER FINANCIAL CORP 3.9 %
UMB FINANCIAL CORP 3.7 %
WINTRUST FINANCIAL CORP 3.6 %
OLD NATL BANCORP/IN 3.5 %
EASTERN BANKSHARES, INC. 2.1 %
BOK FINANCIAL CORPORATION 2.1 %
VALLEY NATIONAL BANCORP 2.1 %
AMERIS BANCORP 2.1 %
BANCORPSOUTH BANK 2.1 %
Total 29.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
PUERTO RICO 4.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
10.1% 14.8% 6.0% 9.3% 10.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 49%
MSCI EAFE 0.91 30%
MSCI Emg. Mkts. 0.72 23%

Technical Indicators
Recent close $70.97
30d moving avg. $67.17
Annualized volatility 30.0%
Short interest (ETF) 1.5%
Short interest (Underlying) 2.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $899

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 285 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™: 8.1%


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 State Street SPDR S&P Bank ETF 45.6 35 0 9.4 +1.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 36.4 60 -25 8.6 +0.6
XMVM Invesco S&P MidCap Value with Momentum ETF 20.5 39 -4 8.0 -0.1
FTXO First Trust Nasdaq Bank ETF 20.1 60 -25 8.5 +0.4
PSCF Invesco S&P SmallCap Financials ETF 17.5 29 6 9.2 +1.1
IAT iShares U.S. Regional Banks ETF 17.3 40 -5 9.1 +1.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 16.5 35 0 9.3 +1.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.9 36 -1 9.4 +1.3
JPSV JPMorgan Active Small Cap Value ETF 12.2 74 -39 8.2 +0.1
GRPM Invesco S&P MidCap 400 GARP ETF 12.0 35 0 7.3 -0.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 11.9 40 -5 6.9 -1.2
FXO First Trust Financials AlphaDEX Fund 11.8 62 -27 8.7 +0.6
DFSV Dimensional US Small Cap Value ETF 11.8 31 4 9.6 +1.6
SMCF Themes US Small Cap Cash Flow Champions ETF 10.0 29 6 10.7 +2.7
SMDV ProShares Russell 2000 Dividend Growers ETF 9.7 40 -5 7.3 -0.8
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 9.4 38 -3 9.6 +1.5
TPSC Timothy Plan US Small Cap Core ETF 9.3 52 -17 7.0 -1.0
PEY Invesco High Yield Equity Dividend Achievers ETF 9.1 52 -17 9.5 +1.5
DFAT Dimensional U.S. Targeted Value ETF 8.9 28 7 9.3 +1.3
IJS iShares S&P Small-Cap 600 Value ETF 8.8 18 17 9.8 +1.8
IWN iShares Russell 2000 Value ETF 8.6 24 11 5.3 -2.7
VTWV Vanguard Russell 2000 Value ETF 8.5 10 25 5.5 -2.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 8.5 35 0 6.4 -1.6
DES WisdomTree U.S. SmallCap Dividend Fund 8.5 38 -3 8.8 +0.7
AIRR First Trust RBA American Industrial Renaissance ETF 8.2 70 -35 3.9 -4.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 8.1 15 20 9.9 +1.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.1 10 25 9.9 +1.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.9 60 -25 6.0 -2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 7.3 18 17 8.4 +0.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 7.1 39 -4 3.9 -4.1
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 7.1 15 20 8.4 +0.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.0 10 25 8.6 +0.5
STXK Strive Small-Cap ETF 6.8 18 17 5.6 -2.4
FNK First Trust Mid Cap Value AlphaDEX Fund 6.6 70 -35 10.1 +2.1
DON WisdomTree U.S. MidCap Dividend Fund 6.5 38 -3 8.4 +0.4
SMAP Amplify Small-Mid Cap Equity ETF 6.5 60 -25 4.8 -3.3
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 6.5 12 23 7.4 -0.7
JHSC John Hancock Multifactor Small Cap ETF 6.4 42 -7 6.5 -1.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 6.3 60 -25 7.3 -0.7
ISCV iShares Morningstar Small Cap Value ETF 6.2 6 29 8.3 +0.3
AVUV Avantis U.S. Small Cap Value ETF 6.2 25 10 8.8 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 6.1 4 31 5.7 -2.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 6.0 55 -20 9.7 +1.6
XJR iShares ESG Screened S&P Small-Cap ETF 5.6 12 23 6.9 -1.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.6 47 -12 8.6 +0.6
FYT First Trust Small Cap Value AlphaDEX Fund 5.5 73 -38 10.8 +2.8
DFAS Dimensional U.S. Small Cap ETF 5.3 26 9 6.1 -2.0
IJR iShares Core S&P Small Cap ETF 5.2 6 29 7.0 -1.1
FNDA Schwab Fundamental US Small Co. Index ETF 5.2 25 10 6.7 -1.4
EZM WisdomTree U.S. MidCap Fund 5.2 38 -3 8.6 +0.5
VFVA Vanguard U.S. Value Factor ETF 5.1 13 22 10.0 +2.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 5.0 15 20 6.9 -1.2
VBR Vanguard Small Cap Value ETF 5.0 7 28 8.4 +0.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 4.9 3 32 7.1 -1.0
VIOO Vanguard S&P Small-Cap 600 ETF 4.9 7 28 6.9 -1.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 4.8 9 26 4.2 -3.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 4.8 15 20 6.5 -1.5
IWM iShares Russell 2000 ETF 4.8 19 16 3.0 -5.1
RSSL Global X Russell 2000 ETF 4.8 8 27 3.0 -5.0
ETHO Etho Climate Leadership U.S. ETF 4.7 47 -12 4.9 -3.2
SVAL iShares US Small Cap Value Factor ETF 4.7 20 15 8.1 +0.0
SCHA Schwab U.S. Small-Cap ETF 4.6 4 31 4.9 -3.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 4.5 15 20 7.3 -0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 4.5 60 -25 6.7 -1.4
XJH iShares ESG Screened S&P Mid-Cap ETF 4.5 12 23 6.4 -1.7
SMOX Horizon Small/Mid Cap Core Equity ETF 4.4 75 -40 5.8 -2.3
ISMD Inspire Small/Mid Cap ETF 4.3 54 -19 5.9 -2.2
EES WisdomTree U.S. SmallCap Fund 4.3 38 -3 8.7 +0.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 4.2 24 11 6.5 -1.5
FESM Fidelity Enhanced Small Cap ETF 4.1 28 7 2.6 -5.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 4.1 43 -8 5.4 -2.7
VTWO Vanguard Russell 2000 ETF 4.1 7 28 3.1 -5.0
FYX First Trust Small Cap Core AlphaDEX Fund 4.0 61 -26 6.1 -2.0
RFV Invesco S&P Midcap 400 Pure Value ETF 4.0 35 0 12.3 +4.3
FTDS First Trust Dividend Strength ETF 4.0 70 -35 7.1 -1.0
MDY SPDR S&P Midcap 400 ETF Trust 4.0 23 12 6.3 -1.7
IJH iShares Core S&P Mid-Cap ETF 4.0 5 30 6.5 -1.5
AVSC Avantis U.S Small Cap Equity ETF 3.8 25 10 5.2 -2.9
AFMC First Trust Active Factor Mid Cap ETF 3.8 65 -30 7.6 -0.4
DHS WisdomTree U.S. High Dividend Fund 3.7 38 -3 8.3 +0.2
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 3.7 3 32 6.5 -1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 3.7 25 10 7.7 -0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 3.7 7 28 6.5 -1.6
ISCB iShares Morningstar Small-Cap ETF 3.7 4 31 5.8 -2.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 3.6 17 18 5.4 -2.6
BFOR ALPS Barron's 400 ETF 3.6 65 -30 5.3 -2.8
OSCV Opus Small Cap Value ETF 3.5 79 -44 6.1 -2.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.5 25 10 8.5 +0.5
AUSF Global X Adaptive U.S. Factor ETF 3.4 27 8 8.1 +0.1
NUSC Nuveen ESG Small-Cap ETF 3.4 31 4 5.4 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.3 20 15 4.5 -3.6
WBIY WBI Power Factor High Dividend ETF 3.1 100 -65 12.5 +4.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.1 29 6 6.9 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 3.1 67 -32 9.1 +1.0
TMDV ProShares Russell US Dividend Growers ETF 3.1 35 0 6.3 -1.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.1 39 -4 2.6 -5.5
FLDZ RiverNorth Patriot ETF 3.1 75 -40 5.8 -2.3
FSCS First Trust SMID Capital Strength ETF 3.1 60 -25 6.9 -1.2
RNMC First Trust Mid Cap US Equity Select ETF 3.0 60 -25 6.5 -1.6
TCV Towle Value ETF 3.0 85 -50 10.8 +2.8
VFMF Vanguard U.S. Multifactor ETF 3.0 18 17 7.1 -0.9
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.9 12 23 3.7 -4.3
VB Vanguard Small-Cap ETF 2.9 5 30 5.6 -2.4
VXF Vanguard Extended Market ETF 2.9 5 30 4.1 -3.9
HAPS Harbor Human Capital Factor US Small Cap ETF 2.7 60 -25 3.9 -4.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 2.7 7 28 5.8 -2.3
VFH Vanguard Financials ETF 2.7 9 26 6.5 -1.5
FSMD Fidelity Small-Mid Multifactor ETF 2.6 15 20 7.1 -1.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 2.6 35 0 6.9 -1.2
SMLF iShares U.S. SmallCap Equity Factor ETF 2.6 15 20 5.5 -2.6
FNCL Fidelity MSCI Financials Index ETF 2.6 8 27 6.5 -1.6
SFYX SoFi Next 500 ETF 2.4 0 35 5.0 -3.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.4 4 31 5.9 -2.2
CVY Invesco Zacks Multi-Asset Income ETF 2.3 106 -71 10.5 +2.5
RWK Invesco S&P MidCap 400 Revenue ETF 2.3 39 -4 8.6 +0.5
DXUV Dimensional US Vector Equity ETF 2.2 28 7 5.6 -2.5
PSC Principal U.S. Small-Cap ETF 2.2 38 -3 4.1 -4.0
STXM Strive Mid-Cap ETF 2.2 18 17 5.7 -2.4
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 2.2 5 30 7.8 -0.2
ROSC Hartford Multifactor Small Cap ETF 2.2 34 1 7.8 -0.3
SCHM Schwab U.S. Mid-Cap ETF 2.2 4 31 6.3 -1.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.2 52 -17 5.5 -2.5
XMLV Invesco S&P MidCap Low Volatility ETF 2.1 25 10 6.8 -1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 2.1 37 -2 5.6 -2.5
WSML iShares MSCI World Small-Cap ETF 2.1 15 20 5.8 -2.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.1 60 -25 5.1 -2.9
DVLU First Trust Dorsey Wright Momentum & Value ETF 2.1 60 -25 7.0 -1.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.1 60 -25 4.4 -3.7
ALIL Argent Focused Small Cap ETF 2.0 74 -39 6.1 -2.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.0 39 -4 8.4 +0.4
WDIV SPDR S&P Global Dividend ETF 2.0 40 -5 9.4 +1.4
SDY State Street SPDR S&P Dividend ETF 1.9 35 0 6.0 -2.0
DEW WisdomTree Global High Dividend Fund 1.9 58 -23 7.4 -0.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.9 25 10 5.3 -2.8
SCDS JPMorgan Fundamental Data Science Small Core ETF 1.9 40 -5 4.4 -3.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.8 30 5 4.2 -3.8
IJT iShares S&P Small-Cap 600 Growth ETF 1.8 18 17 4.1 -4.0
FFOX FundX Future Fund Opportunities ETF 1.8 100 -65 2.5 -5.5
DVY iShares Select Dividend ETF 1.8 38 -3 8.2 +0.1
MBOX Freedom Day Dividend ETF 1.7 39 -4 7.1 -0.9
AFSM First Trust Active Factor Small Cap ETF 1.7 75 -40 6.6 -1.5
VFQY Vanguard U.S. Quality Factor ETF 1.7 13 22 5.8 -2.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.7 15 20 4.1 -3.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.7 10 25 4.1 -4.0
IYG iShares US Financial Services ETF 1.6 40 -5 5.7 -2.4
JHDV John Hancock U.S. High Dividend ETF 1.5 34 1 6.5 -1.6
QDF FlexShares Quality Dividend Index Fund 1.5 37 -2 5.7 -2.4
KBWD Invesco KBW High Dividend Yield Financial ETF 1.5 384 -349 16.8 +8.7
DIVY Sound Equity Dividend Income ETF 1.4 45 -10 8.5 +0.4
JSML Janus Henderson Small Cap Growth Alpha ETF 1.4 30 5 3.1 -5.0
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.4 60 -25 5.3 -2.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.3 80 -45 6.9 -1.2
IYF iShares U.S. Financials ETF 1.3 40 -5 6.1 -2.0
MGMT Ballast Small/Mid Cap ETF 1.3 110 -75 7.9 -0.1
DFUV Dimensional US Marketwide Value ETF 1.3 22 13 6.6 -1.4
JHMM John Hancock Multifactor Mid Cap ETF 1.3 42 -7 5.8 -2.3
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 23 7.6 -0.5
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -45 16.0 +7.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.2 27 8 6.4 -1.6
DFAC Dimensional U.S. Core Equity 2 ETF 1.2 17 18 5.0 -3.0
AVMV Avantis U.S. Mid Cap Value ETF 1.2 20 15 7.7 -0.4
SCDV Bahl & Gaynor Small Cap Dividend ETF 1.2 70 -35 4.1 -4.0
FSGS First Trust SMID Growth Strength ETF 1.1 60 -25 5.0 -3.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.1 15 20 5.5 -2.6
VSDA VictoryShares Dividend Accelerator ETF 1.1 35 0 6.6 -1.5
ONEY State Street SPDR Russell 1000 Yield Focus ETF 1.1 20 15 9.0 +1.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 0 6.4 -1.7
ROE Astoria US Quality Kings ETF 1.1 49 -14 5.8 -2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.1 70 -35 2.3 -5.8
SMMD iShares Russell 2500 ETF 1.1 15 20 6.1 -1.9
AVSU Avantis Responsible U.S. Equity ETF 1.0 15 20 5.4 -2.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.0 35 0 8.2 +0.1
SQLV Royce Quant Small-Cap Quality Value ETF 1.0 60 -25 8.8 +0.7
IWO iShares Russell 2000 Growth ETF 1.0 24 11 0.6 -7.5
XSHQ Invesco S&P SmallCap Quality ETF 1.0 29 6 7.3 -0.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 1.0 15 20 8.7 +0.6
SYLD Cambria Shareholder Yield ETF 1.0 59 -24 10.9 +2.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 29 3.0 -5.1
OPTZ Optimize Strategy Index ETF 0.9 50 -15 4.2 -3.9
DCOR Dimensional US Core Equity 1 ETF 0.9 14 21 4.9 -3.2
VAMO Cambria Value & Momentum ETF 0.9 61 -26 5.3 -2.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.9 71 -36 -0.6 -8.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.9 39 -4 10.0 +2.0
DTD WisdomTree U.S. Total Dividend Fund 0.9 28 7 5.9 -2.2
VYM Vanguard High Dividend Yield Index ETF 0.9 6 29 6.3 -1.8
CGDG Capital Group Dividend Growers ETF 0.9 47 -12 5.3 -2.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.9 18 17 6.4 -1.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -21 10.2 +2.2
FDL First Trust Morningstar Dividend Leaders Index Fund 0.9 45 -10 8.9 +0.9
CVAR Cultivar ETF 0.8 87 -52 7.0 -1.0
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.8 12 23 6.6 -1.4
SCHD Schwab US Dividend Equity ETF 0.8 6 29 8.3 +0.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.8 20 15 6.3 -1.7
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 -4 4.1 -4.0
VTWG Vanguard Russell 2000 Growth ETF 0.8 10 25 0.7 -7.3
AVUS Avantis U.S. Equity ETF 0.8 15 20 5.1 -2.9
IWS iShares Russell Mid-Cap Value ETF 0.8 23 12 6.5 -1.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.7 60 -25 -1.0 -9.0
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.7 30 5 7.6 -0.4
DFSU Dimensional US Sustainability Core 1 ETF 0.7 18 17 4.9 -3.1
IWR iShares Russell Midcap ETF 0.6 19 16 5.7 -2.3
EBI Longview Advantage ETF 0.6 35 0 6.4 -1.7
PTL Inspire 500 ETF 0.6 9 26 4.7 -3.3
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 12 5.8 -2.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 18 4.4 -3.7
XMHQ Invesco S&P MidCap Quality ETF 0.5 25 10 6.2 -1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 11 7.5 -0.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -44 4.6 -3.5
STXV Strive 1000 Value ETF 0.5 18 17 7.1 -0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -29 1.5 -6.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.5 15 20 4.4 -3.6
TEXN iShares Texas Equity ETF 0.5 20 15 5.3 -2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 10 25 4.5 -3.6
FQAL Fidelity Quality Factor ETF 0.5 15 20 5.0 -3.1
TXS Texas Capital Texas Equity Index ETF 0.5 49 -14 5.1 -3.0
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 4.6 -3.5
FCPI Fidelity Stocks for Inflation ETF 0.5 15 20 6.1 -2.0
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 0 3.7 -4.4
PRF Invesco FTSE RAFI US 1000 ETF 0.4 34 1 6.1 -1.9
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 26 4.5 -3.6
FVD First Trust Value Line Dividend Index Fund 0.4 65 -30 5.6 -2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 10 6.6 -1.4
IUSV iShares Core S&P US Value ETF 0.4 4 31 6.0 -2.0
PFM Invesco Dividend Achievers ETF 0.4 53 -18 4.8 -3.2
REVS Columbia Research Enhanced Value ETF 0.4 19 16 7.2 -0.9
DGRO iShares Core Dividend Growth ETF 0.4 8 27 5.7 -2.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 14 3.2 -4.9
DIVB iShares Core Dividend ETF 0.4 5 30 7.7 -0.4
DFUS Dimensional U.S. Equity ETF 0.4 9 26 4.4 -3.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 32 4.4 -3.6
IWV iShares Russell 3000 ETF 0.3 20 15 4.3 -3.8
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -54 4.8 -3.2
SCHB Schwab U.S. Broad Market ETF 0.3 3 32 4.5 -3.5
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 18 6.7 -1.4
VTHR Vanguard Russell 3000 ETF 0.3 7 28 4.4 -3.6
VTI Vanguard Total Stock Market ETF 0.3 3 32 4.4 -3.6
VIG Vanguard Dividend Appreciation ETF 0.3 5 30 5.1 -3.0
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 15 6.5 -1.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.3 15 20 4.6 -3.5
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.3 3 32 4.7 -3.4
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 22 5.8 -2.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 23 5.8 -2.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 17 7.0 -1.0
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -60 -0.5 -8.5
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.3 12 23 5.4 -2.6
IWD iShares Russell 1000 Value ETF 0.3 19 16 5.8 -2.3
VONV Vanguard Russell 1000 Value ETF 0.3 7 28 5.9 -2.2
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 20 6.3 -1.8
GOP Unusual Whales Subversive Republican Trading ETF 0.2 50 -15 4.7 -3.3
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 15 7.5 -0.6
VT Vanguard Total World Stock ETF 0.2 6 29 5.4 -2.7
ROUS Hartford Multifactor US Equity ETF 0.2 19 16 5.7 -2.4
SCHK Schwab 1000 Index ETF 0.2 5 30 4.5 -3.5
RECS Columbia Research Enhanced Core ETF 0.2 15 20 5.6 -2.4
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 7 5.1 -2.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 23 3.8 -4.2
STXD Strive 1000 Dividend Growth ETF 0.2 35 0 4.6 -3.5
IYY iShares Dow Jones U.S. ETF 0.2 20 15 4.4 -3.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 24 4.4 -3.6
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 5.3 -2.7
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 17 6.0 -2.0
IWB iShares Russell 1000 ETF 0.1 15 20 4.4 -3.6
VONE Vanguard Russell 1000 ETF 0.1 7 28 4.5 -3.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 22 1.9 -6.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.8 -3.3
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 6.0 -2.1
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -14 5.0 -3.0
GVLU Gotham 1000 Value ETF 0.1 50 -15 8.5 +0.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.4 -3.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 6 6.0 -2.1
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 4.5 -3.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.4 -3.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.5 -3.5
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 12 2.9 -5.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 3.3 -4.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.7 -1.4
SFGV Sequoia Global Value ETF 0.0 23 12 7.4 -0.7
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.8 -4.3
STXG Strive 1000 Growth ETF 0.0 18 17 3.4 -4.6
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 6.6 -1.5
IWF iShares Russell 1000 Growth ETF 0.0 19 16 3.6 -4.5
VONG Vanguard Russell 1000 Growth ETF 0.0 7 28 3.7 -4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.2 -2.9
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -55 3.4 -4.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 3.6 -4.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 10.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.