Invesco KBW Regional Banking ETF
ALTAR
Score™		 10.5% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 10.7x P/Sales
ratio		 2.3x
P/BV
ratio		 0.9x Div.
yield		 3.8%


  • 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.powershares.com
Inception date Nov 01, 2011
Assets (mns) $53
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 50
Wgt avg mkt cap (mns) $3,677
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 86.4%
Small cap (<$2bn) 13.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CULLEN/FROST BANKERS INC 4.0 %
WEBSTER FINANCIAL CORP 4.0 %
COMMERCE BANCSHARES INC 3.9 %
PINNACLE FINANCIAL PARTNERS 3.4 %
SOUTH STATE CORP 3.4 %
BOK FINANCIAL CORPORATION 2.1 %
BANK OZK 2.1 %
HOME BANCSHARES INC 2.1 %
HANCOCK HOLDING CO 2.1 %
COLUMBIA BANKING SYSTEM INC 2.1 %
Total 29.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
PUERTO RICO 4.1 %









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.
-6.1% 15.3% 4.1% 5.0% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.73 22%
MSCI EAFE 0.83 26%
MSCI Emg. Mkts. 0.61 15%

Technical Indicators
Recent close $49.22
30d moving avg. $48.00
Annualized volatility 27.6%
Short interest (ETF) 1.4%
Short interest (Underlying) 2.6%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.76%
ADV underlying (mns) $1,186

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 252 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™: 10.5%


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
(%)
KRE SPDR S&P Regional Banking ETF 52.7 35 0 11.6 +1.1
KBE SPDR S&P Bank ETF 45.1 35 0 11.2 +0.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 40.5 60 -25 9.7 -0.8
IAT iShares U.S. Regional Banks ETF 21.8 40 -5 10.7 +0.2
FTXO First Trust Nasdaq Bank ETF 19.6 60 -25 10.3 -0.2
PSCF Invesco S&P SmallCap Financials ETF 17.5 29 6 10.2 -0.3
SVAL iShares US Small Cap Value Factor ETF 12.6 20 15 11.4 +0.9
FXO First Trust Financials AlphaDEX Fund 12.1 62 -27 9.2 -1.3
FOVL iShares Focused Value Factor ETF 12.0 25 10 10.1 -0.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 12.0 35 0 9.0 -1.5
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 11.0 40 -5 6.6 -3.9
DFSV Dimensional US Small Cap Value ETF 11.0 31 4 8.9 -1.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.4 12 23 7.3 -3.2
SMCP AlphaMark Actively Managed Small Cap ETF 9.7 90 -55 6.8 -3.7
SMDV ProShares Russell 2000 Dividend Growers ETF 9.6 40 -5 7.2 -3.3
FYT First Trust Small Cap Value AlphaDEX Fund 8.7 73 -38 11.7 +1.2
DFAT Dimensional U.S. Targeted Value ETF 8.4 28 7 8.2 -2.3
IJS iShares S&P Small-Cap 600 Value ETF 7.8 18 17 9.3 -1.2
SLYV SPDR S&P 600 Small Cap Value ETF 7.8 15 20 9.4 -1.1
AVUV Avantis U.S. Small Cap Value ETF 7.8 25 10 10.0 -0.5
ISCV iShares Morningstar Small Cap Value ETF 7.8 6 29 8.1 -2.4
FNK First Trust Mid Cap Value AlphaDEX Fund 7.6 70 -35 9.2 -1.3
DES WisdomTree U.S. SmallCap Dividend Fund 7.5 38 -3 8.1 -2.4
IJJ iShares S&P Mid-Cap 400 Value ETF 7.4 18 17 8.2 -2.3
MDYV SPDR S&P 400 Mid Cap Value ETF 7.4 15 20 8.2 -2.3
IWN iShares Russell 2000 Value ETF 7.3 24 11 5.6 -4.9
VTWV Vanguard Russell 2000 Value ETF 7.2 15 20 5.8 -4.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 7.0 15 20 7.6 -2.9
STXK Strive Small-Cap ETF 6.3 18 17 5.5 -5.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.2 60 -25 9.5 -1.0
EZM WisdomTree U.S. MidCap Fund 6.1 38 -3 8.1 -2.4
BKSE BNY Mellon US Small Cap Core Equity ETF 6.1 4 31 5.7 -4.8
DON WisdomTree U.S. MidCap Dividend Fund 6.0 38 -3 8.6 -1.9
RFV Invesco S&P Midcap 400 Pure Value ETF 5.9 35 0 8.8 -1.7
AIRR First Trust RBA American Industrial Renaissance ETF 5.8 70 -35 5.3 -5.2
FNDA Schwab Fundamental US Small Co. Index ETF 5.6 25 10 6.8 -3.7
VBR Vanguard Small Cap Value ETF 5.5 7 28 8.2 -2.3
JHSC John Hancock Multifactor Small Cap ETF 5.5 42 -7 6.2 -4.3
AVSC Avantis U.S Small Cap Equity ETF 5.4 25 10 5.4 -5.1
DFAS Dimensional U.S. Small Cap ETF 5.4 26 9 6.0 -4.5
PEY Invesco High Yield Equity Dividend Achievers ETF 5.2 52 -17 9.4 -1.1
XJR iShares ESG Screened S&P Small-Cap ETF 5.0 12 23 7.7 -2.8
ETHO Etho Climate Leadership U.S. ETF 5.0 47 -12 4.1 -6.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 5.0 15 20 7.4 -3.1
ESIX SPDR S&P SmallCap 600 ESG ETF 5.0 12 23 7.8 -2.7
FYX First Trust Small Cap Core AlphaDEX Fund 5.0 61 -26 7.2 -3.3
TPSC Timothy Plan US Small Cap Core ETF 4.9 52 -17 7.6 -2.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 4.8 15 20 8.7 -1.8
WBIY WBI Power Factor High Dividend ETF 4.7 100 -65 11.0 +0.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 4.7 15 20 7.1 -3.4
XJH iShares ESG Screened S&P Mid-Cap ETF 4.7 12 23 6.8 -3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 4.7 60 -25 6.0 -4.5
EES WisdomTree U.S. SmallCap Fund 4.7 38 -3 10.3 -0.2
VFVA Vanguard U.S. Value Factor ETF 4.6 13 22 10.6 +0.1
SMLE Xtrackers S&P SmallCap 600 ESG ETF 4.6 15 20 7.6 -2.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 4.6 15 20 8.2 -2.3
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 4.6 42 -7 7.5 -3.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 4.5 35 0 7.6 -2.9
VIOO Vanguard S&P Small-Cap 600 ETF 4.5 10 25 7.8 -2.7
IJR iShares Core S&P Small Cap ETF 4.5 6 29 8.2 -2.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 4.5 3 32 8.2 -2.3
FSMO Fidelity Small-Mid Cap Opportunities ETF 4.5 60 -25 6.7 -3.8
RNSC Furst Trust Small Cap US Equity Select ETF 4.4 60 -25 8.4 -2.1
SCHA Schwab U.S. Small-Cap ETF 4.3 4 31 4.9 -5.6
ISMD Inspire Small/Mid Cap ETF 4.2 54 -19 6.1 -4.4
USVT US Value ETF 4.2 49 -14 11.3 +0.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.2 15 20 6.9 -3.6
MDY SPDR S&P Midcap 400 ETF Trust 4.2 23 12 6.8 -3.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 4.2 9 26 4.0 -6.5
IVOO Vanguard S&P Mid-Cap 400 ETF 4.1 10 25 6.9 -3.6
IJH iShares Core S&P Mid-Cap ETF 4.1 5 30 6.9 -3.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 4.1 3 32 7.0 -3.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 4.1 17 18 5.4 -5.1
ISCB iShares Morningstar Small-Cap ETF 4.1 4 31 5.3 -5.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 4.1 24 11 7.8 -2.7
HAPY Harbor Human Capital Factor Unconstrained ETF 4.0 50 -15 4.8 -5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 4.0 67 -32 9.2 -1.3
PSC Principal U.S. Small-Cap ETF 3.9 38 -3 6.6 -3.9
RNMC First Trust Mid Cap US Equity Select ETF 3.9 60 -25 7.9 -2.6
IWM iShares Russell 2000 ETF 3.9 19 16 3.6 -6.9
VTWO Vanguard Russell 2000 ETF 3.8 10 25 3.9 -6.6
BSVO EA Bridgeway Omni Small-Cap Value ETF 3.8 47 -12 9.8 -0.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 3.8 60 -25 6.4 -4.1
NUSC Nuveen ESG Small-Cap ETF 3.6 31 4 5.2 -5.3
CVY Invesco Zacks Multi-Asset Income ETF 3.5 106 -71 8.9 -1.6
SCAP InfraCap Small Cap Income ETF 3.5 135 -100 7.2 -3.3
DHS WisdomTree U.S. High Dividend Fund 3.4 38 -3 8.8 -1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.3 20 15 6.7 -3.8
AUSF Global X Adaptive U.S. Factor ETF 3.3 27 8 9.0 -1.5
VB Vanguard Small-Cap ETF 3.2 5 30 5.4 -5.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 3.1 7 28 5.7 -4.8
TMDV ProShares Russell US Dividend Growers ETF 3.0 35 0 6.5 -4.0
BFOR ALPS Barron's 400 ETF 2.9 65 -30 6.6 -3.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.8 27 8 8.4 -2.1
AFMC First Trust Active Factor Mid Cap ETF 2.7 65 -30 7.5 -3.0
SMLF iShares U.S. SmallCap Equity Factor ETF 2.7 15 20 5.8 -4.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 2.7 29 6 9.1 -1.4
SFYX SoFi Next 500 ETF 2.7 0 35 5.6 -4.9
FNCL Fidelity MSCI Financials Index ETF 2.7 8 27 6.5 -4.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.7 35 0 10.5 -0.0
RWK Invesco S&P MidCap 400 Revenue ETF 2.6 39 -4 8.7 -1.8
VFMF Vanguard U.S. Multifactor ETF 2.6 18 17 8.7 -1.8
VFH Vanguard Financials ETF 2.6 10 25 6.4 -4.1
VXF Vanguard Extended Market ETF 2.5 6 29 3.9 -6.6
FLDZ RiverNorth Patriot ETF 2.5 75 -40 5.8 -4.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.4 29 6 7.4 -3.1
SDY SPDR S&P Dividend ETF 2.4 35 0 6.3 -4.2
SMDY Syntax Stratified MidCap ETF 2.3 35 0 6.3 -4.2
VFQY Vanguard U.S. Quality Factor ETF 2.2 13 22 7.2 -3.3
XSHQ Invesco S&P SmallCap Quality ETF 2.2 29 6 10.1 -0.4
WDIV SPDR S&P Global Dividend ETF 2.2 40 -5 10.2 -0.2
KBWD Invesco KBW High Dividend Yield Financial ETF 2.1 384 -349 8.5 -2.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.1 39 -4 4.5 -6.0
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 20 7.6 -2.9
QDEF FlexShares Quality Dividend Defensive Index Fund 2.0 37 -2 4.8 -5.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.0 52 -17 6.3 -4.2
UDI USCF Dividend Income Fund 2.0 65 -30 7.4 -3.1
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.0 60 -25 7.7 -2.8
FDL First Trust Morningstar Dividend Leaders Index Fund 1.9 45 -10 9.7 -0.7
AFSM First Trust Active Factor Small Cap ETF 1.9 75 -40 7.6 -2.9
IYG iShares US Financial Services ETF 1.9 40 -5 5.8 -4.7
MBOX Freedom Day Dividend ETF 1.9 39 -4 7.7 -2.8
ONEY SPDR Russell 1000 Yield Focus ETF 1.9 20 15 10.0 -0.5
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 1.9 35 0 5.4 -5.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.9 25 10 5.7 -4.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 1.9 39 -4 9.4 -1.1
XMVM Invesco S&P MidCap Value with Momentum ETF 1.8 39 -4 10.8 +0.3
SQLV Royce Quant Small-Cap Quality Value ETF 1.8 60 -25 9.0 -1.5
VSDA VictoryShares Dividend Accelerator ETF 1.8 35 0 6.1 -4.4
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 31 6.3 -4.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.7 15 20 6.4 -4.1
DVY iShares Select Dividend ETF 1.6 38 -3 9.1 -1.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.5 4 31 6.1 -4.4
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 1.5 38 -3 6.7 -3.8
IYF iShares U.S. Financials ETF 1.5 40 -5 6.3 -4.2
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.5 60 -25 10.2 -0.3
QDF FlexShares Quality Dividend Index Fund 1.4 37 -2 5.0 -5.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.3 80 -45 6.5 -4.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.3 39 -4 10.6 +0.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.3 35 0 7.5 -3.0
ROSC Hartford Multifactor Small Cap ETF 1.3 34 1 10.1 -0.4
SMMD iShares Russell 2500 ETF 1.2 15 20 6.0 -4.5
SLYG SPDR S&P 600 Small Cap Growth ETF 1.2 15 20 7.1 -3.4
IJT iShares S&P Small-Cap 600 Growth ETF 1.2 18 17 7.0 -3.5
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 23 8.4 -2.1
DFUV Dimensional US Marketwide Value ETF 1.2 22 13 7.6 -2.9
JSML Janus Henderson Small Cap Growth Alpha ETF 1.1 30 5 9.3 -1.2
OSCV Opus Small Cap Value ETF 1.1 79 -44 6.4 -4.1
DFAC Dimensional U.S. Core Equity 2 ETF 1.1 17 18 5.7 -4.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.1 39 -4 8.9 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.1 15 20 5.8 -4.7
IJK iShares S&P Mid-Cap 400 Growth ETF 1.1 17 18 5.8 -4.7
AVUS Avantis U.S. Equity ETF 1.0 15 20 6.0 -4.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 -21 13.9 +3.4
SCHD Schwab US Dividend Equity ETF 0.9 6 29 9.6 -0.9
DTD WisdomTree U.S. Total Dividend Fund 0.9 28 7 6.5 -4.0
GVLU Gotham 1000 Value ETF 0.9 50 -15 7.4 -3.1
IWS iShares Russell Mid-Cap Value ETF 0.9 23 12 6.6 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.9 20 15 6.0 -4.5
DFSU Dimensional US Sustainability Core 1 ETF 0.9 18 17 5.7 -4.8
VYM Vanguard High Dividend Yield Index ETF 0.9 6 29 7.3 -3.2
JHMM John Hancock Multifactor Mid Cap ETF 0.9 42 -7 6.6 -3.9
DEW WisdomTree Global High Dividend Fund 0.9 58 -23 9.1 -1.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.8 35 0 7.2 -3.3
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 23 7.1 -3.4
AVLV Avantis U.S. Large Cap Value ETF 0.8 15 20 7.5 -3.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.7 20 15 8.0 -2.5
SSLY Syntax Stratified SmallCap ETF 0.7 40 -5 7.5 -3.0
XSMO Invesco S&P SmallCap Momentum ETF 0.7 39 -4 7.8 -2.7
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 -4 7.3 -3.2
IWR iShares Russell Midcap ETF 0.7 19 16 5.7 -4.8
CVAR Cultivar ETF 0.6 87 -52 6.9 -3.6
DIVB iShares Core Dividend ETF 0.6 5 30 8.0 -2.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 -1 11.1 +0.6
TXS Texas Capital Texas Equity Index ETF 0.5 49 -14 5.6 -4.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 11 8.0 -2.5
DGRO iShares Core Dividend Growth ETF 0.5 8 27 6.5 -4.0
VUSE Vident U.S. Equity Strategy ETF 0.5 50 -15 3.6 -6.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 14 3.9 -6.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -35 1.8 -8.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 10 7.1 -3.4
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 5.4 -5.1
IUSV iShares Core S&P US Value ETF 0.5 4 31 6.8 -3.7
STXV Strive 1000 Value ETF 0.4 18 17 7.8 -2.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 29 2.5 -8.0
PFM Invesco Dividend Achievers ETF 0.4 53 -18 5.7 -4.8
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 26 5.1 -5.4
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -54 4.8 -5.7
VIG Vanguard Dividend Appreciation ETF 0.4 6 29 5.8 -4.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 10 8.8 -1.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 20 10.1 -0.4
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 5.2 -5.3
DFUS Dimensional U.S. Equity ETF 0.4 9 26 5.1 -5.4
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 20 1.7 -8.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 32 5.1 -5.4
IWV iShares Russell 3000 ETF 0.3 20 15 5.0 -5.5
VTI Vanguard Total Stock Market ETF 0.3 3 32 5.1 -5.4
IWO iShares Russell 2000 Growth ETF 0.3 24 11 1.4 -9.1
VTHR Vanguard Russell 3000 ETF 0.3 10 25 5.1 -5.4
VONV Vanguard Russell 1000 Value ETF 0.3 8 27 6.7 -3.8
REVS Columbia Research Enhanced Value ETF 0.3 19 16 7.7 -2.8
IWD iShares Russell 1000 Value ETF 0.3 19 16 6.6 -3.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 32 5.4 -5.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 15 7.1 -3.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 20 6.3 -4.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 5 7.6 -2.9
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 22 2.8 -7.7
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 18 7.1 -3.4
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 23 5.5 -5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 17 7.6 -2.9
KRUZ Unusual Whales Subversive Republican Trading ETF 0.3 75 -40 4.9 -5.6
HKND Humankind US Stock ETF 0.3 11 24 7.0 -3.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 21 5.4 -5.1
LRGF iShares U.S. Equity Factor ETF 0.3 8 27 5.8 -4.7
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -36 0.9 -9.6
HDUS Hartford Disciplined US Equity ETF 0.2 19 16 6.2 -4.3
VT Vanguard Total World Stock ETF 0.2 7 28 5.8 -4.7
FBCV Fidelity Blue Chip Value ETF 0.2 59 -24 7.1 -3.4
IYY iShares Dow Jones U.S. ETF 0.2 20 15 5.1 -5.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 5 8.0 -2.5
CGUS Capital Group Core Equity ETF 0.2 33 2 4.7 -5.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -29 2.1 -8.4
SCHK Schwab 1000 Index ETF 0.2 5 30 5.3 -5.2
RECS Columbia Research Enhanced Core ETF 0.2 15 20 5.6 -4.9
HLGE Hartford Longevity Economy ETF 0.2 44 -9 6.6 -3.9
VONE Vanguard Russell 1000 ETF 0.2 8 27 5.2 -5.3
IWB iShares Russell 1000 ETF 0.2 15 20 5.1 -5.4
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 23 5.7 -4.8
VBK Vanguard Small-Cap Growth ETF 0.1 7 28 1.5 -9.0
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 6.7 -3.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 5.2 -5.3
AIEQ AI Powered Equity ETF 0.1 75 -40 6.1 -4.4
STXD Strive 1000 Dividend Growth ETF 0.1 35 0 5.5 -5.0
PKW Invesco Buyback Achievers ETF 0.1 62 -27 7.1 -3.4
ROUS Hartford Multifactor US Equity ETF 0.1 19 16 6.4 -4.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 23 4.5 -6.0
VALQ American Century U.S. Quality Value ETF 0.1 29 6 7.4 -3.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -40 3.8 -6.7
USMF WisdomTree U.S. Multifactor Fund 0.1 28 7 6.9 -3.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 7.1 -3.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 23 4.8 -5.7
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 5.3 -5.2
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 31 4.6 -5.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 15 5.1 -5.4
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.1 -5.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -40 4.7 -5.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.0 15 20 6.0 -4.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 6.3 -4.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 6 5.6 -4.9
STXG Strive 1000 Growth ETF 0.0 18 17 4.2 -6.3
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 7.8 -2.7
ARB AltShares Merger Arbitrage ETF -0.8 77 -42 -0.2 -10.7

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

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Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

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 9.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 10.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 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.