SPDR S&P Regional Banking ETF
ALTAR
Score™		 13.6% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 8.5x P/Sales
ratio		 1.9x
P/BV
ratio		 0.7x Div.
yield		 4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR KBW Regional Banking ETF objective is to replicate as closely as possible the performance of the KBW Regional Banking Index, an equal-weighted index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Jun 19, 2006
Assets (mns) $3,056
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 142
Wgt avg mkt cap (mns) $5,985
Large cap (>$10bn) 15.3%
Mid cap ($2-10bn) 58.0%
Small cap (<$2bn) 26.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEW YORK COMMUNITY BANCORP 5.1 %
M & T BANK CORP 3.4 %
REGIONS FINANCIAL CORP 3.2 %
TRUIST FINANCIAL CORPORATION 2.9 %
HUNTINGTON BANCSHARES INC 2.8 %
CITIZENS FINANCIAL GROUP, INC. 2.8 %
EAST WEST BANCORP INC 2.6 %
CULLEN/FROST BANKERS INC 2.6 %
WESTERN ALLIANCE BANCORP 2.6 %
ZIONS BANCORPORATION 2.6 %
Total 30.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
PUERTO RICO 3.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.8% -29.2% -4.6% 5.5% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.61 15%
MSCI EAFE 0.63 15%
MSCI Emg. Mkts. 0.48 9%

Technical Indicators
Recent close $40.29
30d moving avg. $39.95
Annualized volatility 29.3%
Short interest (ETF) 76.6%
Short interest (Underlying) 2.3%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 32,366
Turnover 42.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $882

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 444 potential alternatives to the SPDR S&P Regional Banking ETF ETF based on the alternatives' overlap in portfolio holdings with KRE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KRE Expense: 35 bp ALTAR Score™: 13.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KRE
Ticker Fund
Name		 Overlap1
vs KRE
(%)		 Expense
ratio
(bp)		 Savings
vs KRE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KRE
(%)
KBE SPDR S&P Bank ETF 63.0 35 0 13.4 -0.2
KBWR Invesco KBW Regional Banking ETF 50.5 35 0 12.4 -1.3
IAT iShares U.S. Regional Banks ETF 42.7 39 -4 14.0 +0.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 40.7 60 -25 12.0 -1.7
FTXO First Trust Nasdaq Bank ETF 37.8 60 -25 13.1 -0.5
FXO First Trust Financials AlphaDEX Fund 26.4 61 -26 13.3 -0.3
PSCF Invesco S&P SmallCap Financials ETF 23.8 29 6 12.0 -1.6
SVAL iShares US Small Cap Value Factor ETF 23.1 20 15 12.7 -0.9
KBWB Invesco KBW Bank ETF 19.8 35 0 13.4 -0.2
FYT First Trust Small Cap Value AlphaDEX Fund 15.8 71 -36 12.7 -0.9
TPSC Timothy Plan US Small Cap Core ETF 13.9 52 -17 9.1 -4.5
DFSV Dimensional US Small Cap Value ETF 13.5 31 4 9.9 -3.7
AVSC Avantis U.S Small Cap Equity ETF 13.2 25 10 5.6 -8.1
IWN iShares Russell 2000 Value ETF 12.9 23 12 6.6 -7.0
VTWV Vanguard Russell 2000 Value Index Fund 12.7 15 20 5.8 -7.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 12.7 35 0 9.0 -4.6
DFAT Dimensional U.S. Targeted Value ETF 12.7 29 6 10.0 -3.6
AVUV Avantis U.S. Small Cap Value ETF 12.7 25 10 11.6 -2.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.6 12 23 8.7 -5.0
XMVM Invesco S&P MidCap Value with Momentum ETF 12.2 39 -4 13.8 +0.2
XSLV Invesco S&P SmallCap Low Volatility ETF 12.0 25 10 8.4 -5.2
FOVL iShares Focused Value Factor ETF 11.8 25 10 13.0 -0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 11.5 70 -35 13.4 -0.2
DES WisdomTree U.S. SmallCap Dividend Fund 11.3 38 -3 10.4 -3.2
ISCV iShares Morningstar Small Cap Value ETF 10.9 6 29 8.9 -4.7
SMDV ProShares Russell 2000 Dividend Growers ETF 10.9 41 -6 7.1 -6.5
FYX First Trust Small Cap Core AlphaDEX Fund 10.9 61 -26 8.7 -5.0
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 10.9 19 16 8.8 -4.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 10.5 39 -4 7.9 -5.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.8 80 -45 7.3 -6.4
VFVA Vanguard U.S. Value Factor ETF 9.7 13 22 12.3 -1.3
IJT iShares S&P Small-Cap 600 Growth ETF 9.4 18 17 7.3 -6.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 9.4 15 20 7.2 -6.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.4 60 -25 12.8 -0.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 9.4 15 20 8.8 -4.8
BFOR Barron's 400 ETF 9.4 65 -30 9.5 -4.1
SLYG SPDR S&P 600 Small Cap Growth ETF 9.4 15 20 7.3 -6.3
WBIY WBI Power Factor High Dividend ETF 9.3 70 -35 14.1 +0.5
USVT US Value ETF 9.2 49 -14 12.7 -0.9
XJR iShares ESG Screened S&P Small-Cap ETF 9.1 12 23 8.0 -5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 9.0 69 -34 12.1 -1.5
ISMD Inspire Small/Mid Cap Impact ETF 9.0 48 -13 6.2 -7.4
RNSC Small Cap US Equity Select ETF 9.0 60 -25 9.5 -4.1
ESIX SPDR S&P SmallCap 600 ESG ETF 8.9 12 23 8.8 -4.8
SMLE Xtrackers S&P SmallCap 600 ESG ETF 8.9 15 20 8.7 -4.9
DFAS Dimensional U.S. Small Cap ETF 8.9 28 7 7.3 -6.3
IJR iShares Core S&P Small Cap ETF 8.7 6 29 8.6 -5.1
VIOO Vanguard S&P Small-Cap 600 ETF 8.7 10 25 8.5 -5.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 8.7 41 -6 7.4 -6.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 8.7 5 30 8.6 -5.1
SLY SPDR S&P 600 Small Cap ETF 8.7 15 20 8.5 -5.2
XMLV Invesco S&P MidCap Low Volatility ETF 8.6 25 10 7.8 -5.8
DIVY Sound Equity Income ETF 8.6 45 -10 10.8 -2.8
SIXL 6 Meridian Low Beta Equity Strategy ETF 8.3 82 -47 6.9 -6.7
VFH Vanguard Financials Index Fund 8.3 10 25 9.5 -4.1
FNCL Fidelity MSCI Financials Index ETF 8.3 8 27 9.4 -4.2
IJJ iShares S&P Mid-Cap 400 Value ETF 8.1 18 17 9.8 -3.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 8.1 15 20 9.8 -3.8
MDYV SPDR S&P 400 Mid Cap Value ETF 8.1 15 20 9.9 -3.8
EES WisdomTree SmallCap Earnings Fund 8.0 38 -3 13.2 -0.4
IJS iShares S&P Small-cap 600 Value ETF 7.9 18 17 9.8 -3.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 7.9 15 20 9.8 -3.8
CSML IQ Chaikin U.S. Small Cap ETF 7.8 35 0 7.1 -6.6
SLYV SPDR S&P 600 Small Cap Value ETF 7.8 15 20 9.8 -3.9
VBR Vanguard Small Cap Value Index Fund 7.7 7 28 9.5 -4.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 7.5 9 26 4.9 -8.7
RDVY First Trust Rising Dividend Achievers ETF 7.4 50 -15 10.8 -2.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.4 20 15 8.3 -5.4
EQRR ProShares Equities for Rising Rates ETF 7.3 35 0 10.3 -3.3
DON WisdomTree U.S. MidCap Dividend Fund 7.1 38 -3 10.2 -3.4
RYF Invesco S&P 500 Equal Weight Financials ETF 7.1 40 -5 9.5 -4.2
DVY iShares Select Dividend ETF 6.9 39 -4 10.5 -3.2
LVHD Legg Mason Low Volatility High Dividend ETF 6.8 27 8 8.6 -5.0
JHSC John Hancock Multifactor Small Cap ETF 6.7 42 -7 7.4 -6.2
IWM iShares Russell 2000 ETF 6.5 19 16 4.7 -9.0
VTWO Vanguard Russell 2000 Index Fund 6.5 10 25 4.3 -9.3
IYG iShares US Financial Services ETF 6.5 39 -4 8.7 -5.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 6.4 39 -4 14.7 +1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.4 35 0 9.7 -4.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.3 39 -4 4.4 -9.3
SCHA Schwab U.S. Small-Cap ETF 6.2 4 31 5.8 -7.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 6.1 24 11 9.1 -4.6
STXK Strive Small-Cap ETF 6.0 18 17 5.7 -8.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 6.0 20 15 6.6 -7.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.0 25 10 6.9 -6.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 5.9 40 -5 8.5 -5.2
ISCB iShares Morningstar Small-Cap ETF 5.9 4 31 5.4 -8.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.9 6 29 5.8 -7.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.8 25 10 10.3 -3.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 5.8 15 20 8.7 -4.9
FNX First Trust Mid Cap Core AlphaDEX Fund 5.7 59 -24 8.7 -4.9
AUSF Global X Adaptive U.S. Factor ETF 5.7 27 8 7.9 -5.7
MDY SPDR S&P Midcap 400 ETF Trust 5.7 22 13 8.4 -5.2
XJH iShares ESG Screened S&P Mid-Cap ETF 5.7 12 23 8.5 -5.1
EZM WisdomTree U.S. MidCap Earnings Fund 5.6 38 -3 11.8 -1.8
AIEQ AI Powered Equity ETF 5.6 75 -40 2.5 -11.2
BKSE BNY Mellon US Small Cap Core Equity ETF 5.5 4 31 6.4 -7.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 5.5 15 20 9.3 -4.3
IJH iShares Core S&P Mid-Cap ETF 5.5 5 30 8.6 -5.0
SPMD SPDR Portfolio Mid Cap ETF 5.5 5 30 8.6 -5.0
IVOO Vanguard S&P Mid-Cap 400 ETF 5.5 10 25 8.5 -5.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.4 17 18 5.9 -7.7
ROSC Hartford Multifactor Small Cap ETF 5.4 34 1 12.2 -1.5
NUSC Nuveen ESG Small-Cap ETF 5.3 30 5 5.8 -7.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 5.3 30 5 6.3 -7.4
AFSM First Trust Active Factor Small Cap ETF 5.3 75 -40 9.7 -3.9
IYF iShares U.S. Financials ETF 5.2 39 -4 8.7 -4.9
SDY SPDR S&P Dividend ETF 5.2 35 0 7.4 -6.2
FSMD Fidelity Small-Mid Factor ETF 5.1 29 6 8.5 -5.1
DHS WisdomTree U.S. High Dividend Fund 5.1 38 -3 10.6 -3.1
AIRR First Trust RBA American Industrial Renaissance ETF 5.0 70 -35 6.9 -6.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 5.0 60 -25 8.8 -4.9
SIXS 6 Meridian Small Cap Equity ETF 4.9 100 -65 9.8 -3.8
ICAP InfraCap Equity Income Fund ETF 4.9 80 -45 11.8 -1.9
RNMC Mid Cap US Equity Select ETF 4.8 60 -25 9.2 -4.4
VFQY Vanguard U.S. Quality Factor ETF 4.6 13 22 8.4 -5.2
RYJ Invesco Raymond James SB-1 Equity ETF 4.6 81 -46 5.6 -8.0
VB Vanguard Small-Cap ETF 4.5 5 30 6.2 -7.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 4.3 64 -29 8.2 -5.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 4.3 7 28 6.1 -7.5
IWC iShares Micro-Cap ETF 4.3 60 -25 -4.4 -18.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.3 35 0 8.7 -4.9
PSC Principal U.S. Small Cap Index ETF 4.2 38 -3 9.0 -4.7
XSHQ Invesco S&P SmallCap Quality ETF 4.2 29 6 12.4 -1.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 4.2 35 0 9.7 -4.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 4.1 35 0 9.7 -3.9
SPYD SPDR S&P 500 High Dividend ETF 4.1 7 28 11.4 -2.2
VXF Vanguard Extended Market Index Fund 4.0 6 29 4.2 -9.4
FTA First Trust Large Cap Value AlphaDEX Fund 3.9 59 -24 11.3 -2.3
FDL First Trust Morningstar Dividend Leaders Index Fund 3.9 45 -10 11.0 -2.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.9 29 6 8.7 -4.9
GVLU Gotham 1000 Value ETF 3.6 50 -15 11.5 -2.1
PEY Invesco High Yield Equity Dividend Achievers ETF 3.5 53 -18 9.8 -3.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.4 39 -4 12.7 -0.9
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.4 38 -3 12.0 -1.7
VAMO Cambria Value & Momentum ETF 3.4 64 -29 12.8 -0.8
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 3.4 45 -10 6.4 -7.3
AFMC First Trust Active Factor Mid Cap ETF 3.3 65 -30 10.1 -3.5
NUMV Nuveen ESG Mid-Cap Value ETF 3.3 30 5 9.8 -3.8
FLDZ RiverNorth Volition America Patriot ETF 3.3 70 -35 7.0 -6.6
RFFC RiverFront Dynamic US Flex-Cap ETF 3.2 52 -17 7.5 -6.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.1 30 5 9.8 -3.8
KBWD Invesco KBW High Dividend Yield Financial ETF 3.1 124 -89 13.8 +0.2
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 3.1 36 -1 8.9 -4.7
SFYX Sofi Next 500 ETF 3.1 0 35 6.9 -6.7
CVY Invesco Zacks Multi-Asset Income ETF 3.1 100 -65 11.9 -1.8
SPVM Invesco S&P 500 Value with Momentum ETF 3.1 39 -4 10.2 -3.4
DIVZ TrueShares Low Volatility Equity Income ETF 3.0 65 -30 8.9 -4.7
IJK iShares S&P Mid-Cap 400 Growth ETF 3.0 17 18 7.4 -6.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 3.0 15 20 7.5 -6.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 3.0 15 20 7.5 -6.2
VFMF Vanguard U.S. Multifactor ETF 3.0 18 17 10.7 -3.0
DFNL Davis Select Financial ETF 2.9 62 -27 9.8 -3.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 2.9 35 0 8.9 -4.7
IMCV iShares Morningstar Mid-Cap Value ETF 2.8 6 29 9.4 -4.2
SPVU Invesco S&P 500 Enhanced Value ETF 2.7 13 22 12.9 -0.7
OSCV Opus Small Cap Value Plus ETF 2.7 79 -44 7.0 -6.6
SCHD Schwab U.S. Dividend Equity ETF 2.7 6 29 9.8 -3.8
SPDV AAM S&P 500 High Dividend Value ETF 2.7 29 6 12.3 -1.3
DIV Global X SuperDividend US ETF 2.6 45 -10 9.2 -4.4
MEME Roundhill MEME ETF 2.6 69 -34 -1.4 -15.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.6 39 -4 11.2 -2.4
IWS iShares Russell Mid-Cap Value ETF 2.6 23 12 7.8 -5.8
JHMM John Hancock Multifactor Mid Cap ETF 2.6 41 -6 8.0 -5.6
SSLY Syntax Stratified SmallCap ETF 2.5 35 0 7.7 -6.0
CVAR Cultivar ETF 2.5 87 -52 8.9 -4.8
XLF Financial Select Sector SPDR Fund 2.5 10 25 8.1 -5.5
SCHM Schwab U.S. Mid-Cap ETF 2.5 4 31 6.7 -6.9
RFV Invesco S&P Midcap 400 Pure Value ETF 2.5 35 0 12.2 -1.4
JVAL JPMorgan U.S. Value Factor ETF 2.4 12 23 9.9 -3.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 2.4 25 10 6.9 -6.7
QLV FlexShares US Quality Low Volatility Index Fund 2.3 22 13 6.3 -7.4
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 2.3 15 20 7.6 -6.0
FUNL CornerCap Fundametrics Large-Cap ETF 2.2 50 -15 8.9 -4.7
SMDY Syntax Stratified MidCap ETF 2.2 35 0 8.4 -5.2
VOE Vanguard Mid-Cap Value Index Fund 2.2 7 28 8.9 -4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.2 65 -30 6.2 -7.4
DFAC Dimensional U.S. Core Equity 2 ETF 2.2 19 16 7.2 -6.4
MAGA Point Bridge GOP Stock Tracker ETF 2.1 72 -37 7.2 -6.5
JSML Janus Henderson Small Cap Growth Alpha ETF 2.1 30 5 9.2 -4.4
DFUV Dimensional US Marketwide Value ETF 2.1 23 12 9.4 -4.2
VLU SPDR S&P 1500 Value Tilt ETF 2.1 12 23 8.9 -4.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.1 52 -17 8.0 -5.6
AVUS Avantis U.S. Equity ETF 2.1 15 20 7.4 -6.2
ARB AltShares Merger Arbitrage ETF 2.1 67 -32 8.0 -5.6
DTD WisdomTree U.S.Total Dividend Fund 2.1 28 7 8.1 -5.6
ONEY SPDR Russell 1000 Yield Focus ETF 2.1 20 15 11.1 -2.5
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 2.1 15 20 13.6 -0.0
TMDV ProShares Russell US Dividend Growers ETF 2.1 36 -1 6.6 -7.0
VYM Vanguard High Dividend Yield Index ETF 2.0 6 29 8.9 -4.8
VFMV Vanguard U.S. Minimum Volatility ETF 2.0 13 22 6.7 -6.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.9 60 -25 2.6 -11.0
PWC Invesco Dynamic Market ETF 1.8 60 -25 7.8 -5.8
RWK Invesco S&P MidCap 400 Revenue ETF 1.8 39 -4 10.4 -3.2
ETHO Etho Climate Leadership U.S. ETF 1.8 47 -12 5.7 -8.0
RPV Invesco S&P 500 Pure Value ETF 1.8 35 0 13.3 -0.3
XSMO Invesco S&P SmallCap Momentum ETF 1.7 39 -4 6.9 -6.8
FEX First Trust Large Cap Core AlphaDEX Fund 1.7 59 -24 7.8 -5.8
HLGE Hartford Longevity Economy ETF 1.7 44 -9 9.1 -4.6
VSDA VictoryShares Dividend Accelerator ETF 1.7 35 0 7.2 -6.5
SMMD iShares Russell 2500 ETF 1.7 15 20 6.5 -7.1
HDV iShares Core High Dividend ETF 1.7 8 27 9.9 -3.7
SDOG ALPS Sector Dividend Dogs ETF 1.6 40 -5 11.8 -1.8
DFSU Dimensional US Sustainability Core 1 ETF 1.6 18 17 7.0 -6.6
IWR iShares Russell Midcap ETF 1.6 18 17 6.7 -6.9
SQLV Legg Mason Small-Cap Quality Value 1.6 61 -26 11.7 -2.0
ESGS Columbia Sustainable U.S. Equity Income ETF 1.6 35 0 8.0 -5.6
YPS Arrow Reverse Cap 500 ETF 1.6 29 6 7.1 -6.5
NVQ QRAFT AI-Enhanced US Next Value ETF 1.6 75 -40 12.6 -1.0
STXV Strive 1000 Value ETF 1.5 18 17 9.2 -4.5
RNDV US Equity Dividend Select ETF 1.5 50 -15 10.8 -2.8
FQAL Fidelity Quality Factor ETF 1.5 29 6 7.3 -6.4
DIVB iShares Core Dividend 1.5 5 30 9.4 -4.3
JSTC Adasina Social Justice All Cap Global ETF 1.5 89 -54 6.6 -7.1
STCE Schwab Crypto Thematic ETF 1.5 30 5 -3.9 -17.6
FDM First Trust Dow Jones Select Microcap Index Fund 1.5 60 -25 9.9 -3.7
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 -15 7.3 -6.4
DEF Invesco Defensive Equity ETF 1.5 55 -20 7.3 -6.4
VUSE Vident Core US Equity Fund 1.4 50 -15 7.7 -5.9
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 31 7.2 -6.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 31 7.2 -6.5
FBCV Fidelity Blue Chip Value ETF 1.4 59 -24 7.7 -5.9
IXG iShares Global Financials ETF 1.4 40 -5 9.5 -4.1
HAPY Harbor Corporate Culture Leaders ETF 1.4 36 -1 4.6 -9.1
ISCG iShares Morningstar Small-Cap Growth ETF 1.4 6 29 2.1 -11.5
PY Principal Shareholder Yield Index ETF 1.4 15 20 8.5 -5.2
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 15 7.2 -6.4
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.3 15 20 7.6 -6.0
FLV American Century Focused Large Cap Value ETF 1.3 42 -7 7.1 -6.5
HOMZ Hoya Capital Housing ETF 1.3 30 5 9.9 -3.7
DFLV Dimensional US Large Cap Value ETF 1.3 22 13 9.9 -3.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.2 24 11 9.6 -4.1
UDI USCF Dividend Income Fund 1.2 65 -30 9.1 -4.5
SUSA iShares MSCI USA ESG Select ETF 1.2 25 10 6.3 -7.3
DEW WisdomTree Global High Dividend Fund 1.2 58 -23 11.0 -2.7
DEEP Roundhill Acquirers Deep Value ETF 1.2 80 -45 19.2 +5.6
SYLD Cambria Shareholder Yield ETF 1.2 59 -24 13.5 -0.1
NULV Nuveen ESG Large-Cap Value ETF 1.2 25 10 8.8 -4.8
IUSV iShares Core S&P U.S. Value ETF 1.1 4 31 7.2 -6.5
VO Vanguard Mid-Cap Index Fund 1.1 4 31 6.9 -6.7
PRF Invesco FTSE RAFI US 1000 ETF 1.1 39 -4 8.2 -5.5
DGRO iShares Core Dividend Growth ETF 1.1 8 27 7.7 -5.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 60 -25 -21.6 -35.2
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 1.1 108 -73 2.9 -10.7
IWD iShares Russell 1000 Value ETF 1.1 18 17 7.9 -5.8
REVS Columbia Research Enhanced Value ETF 1.1 19 16 9.4 -4.2
DFAU Dimensional US Core Equity Market ETF 1.1 12 23 6.5 -7.1
VONV Vanguard Russell 1000 Value Index Fund 1.1 8 27 8.0 -5.7
FDWM Fidelity Women's Leadership ETF 1.1 59 -24 6.1 -7.5
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.1 20 15 7.9 -5.7
VTWG Vanguard Russell 2000 Growth Index Fund 1.0 15 20 3.0 -10.6
IWO iShares Russell 2000 Growth ETF 1.0 23 12 3.0 -10.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 26 7.1 -6.5
STLV iShares Factors US Value Style ETF 1.0 25 10 10.9 -2.7
JAVA JPMorgan Active Value ETF 1.0 44 -9 7.1 -6.5
EVUS iShares ESG Aware MSCI USA Value ETF 1.0 18 17 8.5 -5.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 1.0 35 0 7.4 -6.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 1.0 35 0 7.4 -6.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.0 30 5 9.1 -4.5
PFM Invesco Dividend Achievers ETF 1.0 53 -18 6.8 -6.9
ECOZ TrueMark ESG Active Opportunities ETF 1.0 58 -23 5.1 -8.5
RSP Invesco S&P 500 Equal Weight ETF 1.0 20 15 7.3 -6.3
SPHB Invesco S&P 500 High Beta ETF 1.0 25 10 4.5 -9.1
XMMO Invesco S&P MidCap Momentum ETF 1.0 33 2 6.8 -6.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 1.0 21 14 4.2 -9.4
QDF FlexShares Quality Dividend Index Fund 1.0 37 -2 8.3 -5.4
VFMO Vanguard U.S. Momentum Factor ETF 0.9 13 22 4.3 -9.3
ESGV Vanguard ESG U.S. Stock ETF 0.9 9 26 6.1 -7.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.9 25 10 8.1 -5.6
BLES Inspire Global Hope Large Cap ETF 0.9 49 -14 7.6 -6.0
PFI Invesco DWA Financial Momentum ETF 0.9 60 -25 7.4 -6.2
BOSS Global X Founder-Run Companies ETF 0.9 45 -10 3.3 -10.4
VALQ American Century STOXX U.S. Quality Value ETF 0.9 29 6 10.4 -3.2
AHOY Newday Ocean Health ETF 0.9 75 -40 6.7 -7.0
WKLY SoFi Weekly Dividend ETF 0.9 49 -14 9.2 -4.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.9 35 0 13.6 -0.0
VEGN US Vegan Climate ETF 0.8 60 -25 5.6 -8.1
SCHB Schwab U.S. Broad Market ETF 0.8 3 32 6.2 -7.4
VTHR Vanguard Russell 3000 Index Fund 0.8 10 25 6.1 -7.5
IWV iShares Russell 3000 ETF 0.8 20 15 6.0 -7.6
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -20 7.9 -5.7
VTI Vanguard Total Stock Market Index Fund 0.8 3 32 6.1 -7.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.8 3 32 6.2 -7.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.8 37 -2 7.8 -5.9
SPGP Invesco S&P 500 GARP ETF 0.8 36 -1 9.5 -4.1
DFUS Dimensional U.S. Equity ETF 0.8 11 24 6.3 -7.4
ILCV iShares Morningstar Value ETF 0.8 4 31 8.1 -5.5
SCHV Schwab U.S. Large-Cap Value ETF 0.8 4 31 8.0 -5.6
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 26 7.1 -6.5
FLRG Fidelity U.S. Multifactor ETF 0.8 29 6 8.2 -5.5
SIZE iShares MSCI USA Size Factor ETF 0.8 15 20 6.9 -6.7
RNLC Large Cap US Equity Select ETF 0.8 60 -25 7.9 -5.8
SPTM SPDR Portfolio Total Stock Market ETF 0.8 3 32 6.6 -7.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.8 20 15 9.2 -4.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.8 18 17 9.2 -4.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.8 68 -33 -0.8 -14.4
BLOK Amplify Transformational Data Sharing ETF 0.8 71 -36 -1.5 -15.1
PKW Invesco Buyback Achievers ETF 0.8 64 -29 10.0 -3.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.7 30 5 9.1 -4.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 7 7.7 -5.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.7 17 18 8.7 -5.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.7 14 21 6.2 -7.4
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -40 7.7 -5.9
SNPV Xtrackers S&P ESG Value ETF 0.7 15 20 7.8 -5.8
VOOV Vanguard S&P 500 Value ETF 0.7 10 25 7.0 -6.7
LGLV SPDR Russell 1000 Low Volatility ETF 0.7 12 23 6.3 -7.4
IVE iShares S&P 500 Value ETF 0.7 18 17 6.9 -6.7
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 31 7.0 -6.6
FSST Fidelity Sustainability U.S. Equity ETF 0.7 59 -24 5.9 -7.7
JHML John Hancock Multifactor Large Cap ETF 0.7 29 6 6.8 -6.9
HKND Humankind US Stock ETF 0.7 11 24 8.2 -5.4
DWAS Invesco DWA SmallCap Momentum ETF 0.7 60 -25 3.0 -10.7
DSI iShares MSCI KLD 400 Social ETF 0.7 25 10 6.3 -7.4
VTV Vanguard Value Index Fund 0.7 4 31 8.4 -5.2
WLDR Affinity World Leaders Equity ETF 0.6 67 -32 10.0 -3.6
VDNI V-Shares US Leadership Diversity ETF 0.6 29 6 6.4 -7.2
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.6 52 -17 7.3 -6.3
TPHD Timothy Plan High Dividend Stock ETF 0.6 52 -17 7.4 -6.2
UPWD JPMorgan Social Advancement ETF 0.6 49 -14 6.3 -7.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 70 -35 2.1 -11.5
FDRR Fidelity Dividend ETF for Rising Rates 0.6 29 6 9.5 -4.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.6 20 15 9.4 -4.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 23 6.8 -6.8
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 20 9.3 -4.3
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 25 6.0 -7.7
SCHK Schwab 1000 Index ETF 0.6 5 30 6.3 -7.4
FDLO Fidelity Low Volatility Factor ETF 0.5 29 6 6.1 -7.5
IYY iShares Dow Jones U.S. ETF 0.5 20 15 6.1 -7.5
ITAN Sparkline Intangible Value ETF 0.5 50 -15 7.3 -6.3
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.5 17 18 6.4 -7.2
JHDV John Hancock U.S. High Dividend ETF 0.5 34 1 8.6 -5.0
FFTY Innovator IBD 50 ETF 0.5 80 -45 5.0 -8.6
WCEO Hypatia Women CEO ETF 0.5 85 -50 6.4 -7.3
VIG Vanguard Dividend Appreciation Index Fund 0.5 6 29 6.9 -6.7
EPS WisdomTree U.S. Earnings 500 Fund 0.5 8 27 7.8 -5.8
SMOT VanEck Morningstar SMID Moat ETF 0.5 49 -14 8.7 -4.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.5 25 10 8.1 -5.5
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.5 15 20 6.3 -7.3
VONE Vanguard Russell 1000 ETF 0.5 8 27 6.3 -7.4
IWB iShares Russell 1000 ETF 0.5 15 20 6.2 -7.4
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 25 6.3 -7.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 25 6.3 -7.3
RECS Columbia Research Enhanced Core ETF 0.5 15 20 7.4 -6.2
ESGU iShares MSCI USA ESG Optimized ETF 0.5 15 20 6.3 -7.4
SSPY Syntax Stratified LargeCap ETF 0.5 30 5 7.6 -6.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -40 5.1 -8.5
KRUZ Unusual Whales Subversive Republican Trading ETF 0.5 75 -40 6.6 -7.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.5 11 24 6.2 -7.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 27 8 6.8 -6.8
NUDV Nuveen ESG Dividend ETF 0.5 25 10 8.3 -5.3
VBK Vanguard Small-Cap Growth Index Fund 0.5 7 28 1.6 -12.0
VT Vanguard Total World Stock ETF 0.5 7 28 7.0 -6.6
TMFX Motley Fool Next Index ETF 0.4 50 -15 3.9 -9.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.4 57 -22 15.8 +2.2
WDIV SPDR Global Dividend ETF 0.4 40 -5 12.1 -1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 15 8.7 -4.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 24 6.8 -6.8
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 32 6.3 -7.3
SCHX Schwab U.S. Large-Cap ETF 0.4 3 32 6.3 -7.4
QUS SPDR MSCI USA StrategicFactors ETF 0.4 15 20 6.9 -6.7
VLUE iShares MSCI USA Value Factor ETF 0.4 15 20 12.2 -1.5
RESP WisdomTree US ESG Fund of Benef Interest 0.4 28 7 7.5 -6.1
TMFS Motley Fool Small Cap Growth ETF 0.4 85 -50 2.9 -10.7
BPAY BlackRock Future Financial and Technology ETF 0.4 70 -35 9.1 -4.5
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 0.4 127 -92 4.4 -9.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 27 8 5.8 -7.8
ACVF American Conservative Values ETF 0.4 75 -40 5.5 -8.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 0.4 37 -2 9.0 -4.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.4 60 -25 6.3 -7.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 23 6.3 -7.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.4 35 0 8.0 -5.7
XVV iShares ESG Screened S&P 500 ETF 0.4 8 27 6.2 -7.4
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 15 6.3 -7.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.3 20 15 6.1 -7.5
USMV iShares Edge MSCI Min Vol USA ETF 0.3 15 20 6.7 -6.9
IWX iShares Russell Top 200 Value ETF 0.3 20 15 7.8 -5.8
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 -14 6.1 -7.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 27 8 6.1 -7.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 15 6.2 -7.5
SFY SoFi Select 500 ETF 0.3 0 35 6.5 -7.2
IQSU IQ Candriam ESG US Equity ETF 0.3 9 26 5.8 -7.8
PBUS Invesco PureBeta MSCI USA ETF 0.3 4 31 6.3 -7.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 6 6.1 -7.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 33 6.3 -7.4
IVV iShares Core S&P 500 ETF 0.3 3 32 6.4 -7.2
VOO VANGUARD S&P 500 ETF 0.3 3 32 6.4 -7.2
SPLG SPDR Portfolio S&P 500 ETF 0.3 3 32 6.4 -7.2
SPY SPDR S&P 500 ETF Trust 0.3 9 26 6.4 -7.3
RWL Invesco S&P 500 Revenue ETF 0.3 39 -4 7.8 -5.8
ROUS Hartford Multifactor US Equity ETF 0.3 19 16 8.8 -4.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 25 6.5 -7.2
MGV Vanguard Mega Cap Value ETF 0.3 7 28 8.2 -5.4
HDUS Hartford Disciplined US Equity ETF 0.3 19 16 7.4 -6.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 28 6.2 -7.4
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 25 6.4 -7.2
VOTE Engine No. 1 Transform 500 ETF 0.3 5 30 6.1 -7.5
VV Vanguard Large-Cap Index Fund 0.3 4 31 6.2 -7.4
STRV Strive 500 ETF 0.3 5 30 6.2 -7.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.3 28 7 6.9 -6.8
CGUS Capital Group Core Equity ETF 0.3 33 2 6.0 -7.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 6.4 -7.2
LRGF iShares Edge MSCI Multifactor USA ETF 0.2 8 27 7.4 -6.2
RVRB Reverb ETF 0.2 30 5 6.3 -7.4
GSPY Gotham Enhanced 500 ETF 0.2 50 -15 6.7 -7.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 15 7.2 -6.4
TOK iShares MSCI Kokusai ETF 0.2 25 10 6.6 -7.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 6.8 -6.8
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 5 7.3 -6.3
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 7.0 -6.7
URTH iShares MSCI World ETF 0.2 24 11 6.8 -6.9
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.2 20 15 6.8 -6.8
TPLC Timothy Plan US Large Cap Core ETF 0.2 52 -17 7.0 -6.6
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 52 -17 6.6 -7.1
ACWI iShares MSCI ACWI ETF 0.2 32 3 6.9 -6.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 15 8.2 -5.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 6 8.6 -5.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 5.9 -7.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 6.7 -6.9
IUSG iShares Core S&P US Growth ETF 0.2 4 31 6.5 -7.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 26 7.0 -6.7
GLOF iShares Global Equity Factor ETF 0.2 20 15 9.1 -4.6
ESG FlexShares STOXX US ESG Impact Index Fund 0.2 32 3 6.2 -7.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.1 6 29 5.2 -8.4
IWL iShares Russell Top 200 ETF 0.1 15 20 6.0 -7.6
MGC Vanguard Mega Cap Index Fund 0.1 7 28 6.1 -7.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 35 6.1 -7.5
HEET Hartford Schroders ESG US Equity ETF 0.1 39 -4 7.2 -6.4
QLC FlexShares US Quality Large Cap Index Fund 0.1 25 10 7.1 -6.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 6.8 -6.8
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.1 61 -26 9.5 -4.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 63 -28 3.8 -9.8
NULC Nuveen ESG Large-Cap ETF 0.1 20 15 6.5 -7.2
STXD Strive 1000 Dividend Growth ETF 0.1 35 0 6.7 -6.9
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -14 7.1 -6.6
MTUM iShares MSCI USA Momentum Factor ETF 0.1 15 20 8.1 -5.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 25 5.8 -7.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 25 5.9 -7.8
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 12 5.3 -8.3
STXG Strive 1000 Growth ETF 0.0 18 17 5.4 -8.3
ILCG iShares Morningstar Growth ETF 0.0 4 31 5.0 -8.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.0 42 -7 6.8 -6.8
VONG Vanguard Russell 1000 Growth Index Fund 0.0 8 27 5.6 -8.0
IWF iShares Russell 1000 Growth ETF 0.0 18 17 5.5 -8.1
TECB iShares US Tech Breakthrough Multisector ETF 0.0 40 -5 4.8 -8.8

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SPDR S&P 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 9.8 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.50
 
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.