SPDR S&P Regional Banking ETF
ALTAR
Score™		 9.4% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 13.3x P/Sales
ratio		 2.6x
P/BV
ratio		 1.0x Div.
yield		 3.3%


  • 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) $3,231
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 139
Wgt avg mkt cap (mns) $5,945
Large cap (>$10bn) 13.6%
Mid cap ($2-10bn) 59.0%
Small cap (<$2bn) 27.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WESTERN ALLIANCE BANCORP 2.4 %
COLUMBIA BANKING SYSTEM INC 2.3 %
SYNOVUS FINANCIAL CORP. 2.3 %
VALLEY NATIONAL BANCORP 2.3 %
NEW YORK COMMUNITY BANCORP 2.2 %
WEBSTER FINANCIAL CORP 2.2 %
CITIZENS FINANCIAL GROUP, INC. 2.2 %
ZIONS BANCORPORATION 2.2 %
HUNTINGTON BANCSHARES INC 2.2 %
TRUIST FINANCIAL CORPORATION 2.2 %
Total 22.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
PUERTO RICO 2.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% 25.4% 1.4% 4.4% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.80 23%
MSCI EAFE 0.86 24%
MSCI Emg. Mkts. 0.69 16%

Technical Indicators
Recent close $58.22
30d moving avg. $50.64
Annualized volatility 30.2%
Short interest (ETF) 90.3%
Short interest (Underlying) 2.3%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 17,663
Turnover 31.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $6,362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 411 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™: 9.4%


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 59.2 35 0 9.2 -0.3
KBWR Invesco KBW Regional Banking ETF 51.9 35 0 8.9 -0.5
IAT iShares U.S. Regional Banks ETF 39.0 40 -5 9.4 -0.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 35.3 60 -25 7.8 -1.6
FTXO First Trust Nasdaq Bank ETF 34.3 60 -25 9.1 -0.3
PSCF Invesco S&P SmallCap Financials ETF 27.1 29 6 8.9 -0.5
SVAL iShares US Small Cap Value Factor ETF 27.0 20 15 10.1 +0.7
FXO First Trust Financials AlphaDEX Fund 20.2 62 -27 8.2 -1.3
FYT First Trust Small Cap Value AlphaDEX Fund 18.4 73 -38 9.9 +0.4
DFSV Dimensional US Small Cap Value ETF 17.9 31 4 8.5 -1.0
KBWB Invesco KBW Bank ETF 17.4 35 0 8.4 -1.0
XMVM Invesco S&P MidCap Value with Momentum ETF 16.5 39 -4 10.5 +1.0
DFAT Dimensional U.S. Targeted Value ETF 15.9 28 7 7.9 -1.6
DES WisdomTree U.S. SmallCap Dividend Fund 15.5 38 -3 7.1 -2.3
IWN iShares Russell 2000 Value ETF 15.4 24 11 5.1 -4.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 15.2 47 -12 8.7 -0.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 15.1 12 23 7.5 -2.0
FTDS First Trust Dividend Strength ETF 14.9 70 -35 8.8 -0.6
VTWV Vanguard Russell 2000 Value ETF 14.9 15 20 5.0 -4.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.8 15 20 8.5 -1.0
AVSC Avantis U.S Small Cap Equity ETF 14.7 25 10 4.6 -4.9
AVUV Avantis U.S. Small Cap Value ETF 14.4 25 10 9.0 -0.5
IJS iShares S&P Small-Cap 600 Value ETF 14.4 18 17 8.4 -1.1
EES WisdomTree U.S. SmallCap Fund 14.1 38 -3 9.2 -0.2
SLYV SPDR S&P 600 Small Cap Value ETF 14.1 15 20 8.4 -1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 14.0 35 0 5.8 -3.6
ISCV iShares Morningstar Small Cap Value ETF 13.4 6 29 7.6 -1.9
FYX First Trust Small Cap Core AlphaDEX Fund 13.3 61 -26 5.8 -3.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 11.9 60 -25 9.2 -0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.8 39 -4 8.5 -1.0
TPSC Timothy Plan US Small Cap Core ETF 11.4 52 -17 6.8 -2.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 11.1 35 0 6.5 -3.0
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 11.0 42 -7 6.4 -3.0
XJR iShares ESG Screened S&P Small-Cap ETF 10.8 12 23 7.1 -2.3
RNSC Furst Trust Small Cap US Equity Select ETF 10.7 60 -25 7.0 -2.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 10.2 15 20 7.6 -1.8
ESIX SPDR S&P SmallCap 600 ESG ETF 10.0 12 23 7.6 -1.9
SMDV ProShares Russell 2000 Dividend Growers ETF 9.9 40 -5 6.4 -3.1
ISMD Inspire Small/Mid Cap ETF 9.8 54 -19 5.6 -3.9
VIOO Vanguard S&P Small-Cap 600 ETF 9.7 10 25 7.4 -2.1
FNK First Trust Mid Cap Value AlphaDEX Fund 9.7 70 -35 10.4 +1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 9.7 18 17 7.6 -1.9
IJR iShares Core S&P Small Cap ETF 9.6 6 29 7.4 -2.1
DFAS Dimensional U.S. Small Cap ETF 9.5 26 9 5.7 -3.7
DVY iShares Select Dividend ETF 9.5 38 -3 8.6 -0.9
SMCP AlphaMark Actively Managed Small Cap ETF 9.5 90 -55 6.7 -2.8
VFVA Vanguard U.S. Value Factor ETF 9.4 13 22 10.3 +0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 9.4 39 -4 4.3 -5.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.4 15 20 7.7 -1.8
MDYV SPDR S&P 400 Mid Cap Value ETF 9.4 15 20 7.6 -1.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 9.3 3 32 7.4 -2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 9.2 9 26 3.9 -5.6
BFOR ALPS Barron's 400 ETF 9.2 65 -30 6.4 -3.1
WBIY WBI Power Factor High Dividend ETF 9.1 100 -65 10.5 +1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 9.0 67 -32 9.2 -0.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.8 36 -1 10.9 +1.5
SDOG ALPS Sector Dividend Dogs ETF 8.8 36 -1 9.3 -0.2
FNDA Schwab Fundamental US Small Co. Index ETF 8.7 25 10 6.2 -3.2
FOVL iShares Focused Value Factor ETF 8.4 25 10 9.6 +0.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 8.3 40 -5 6.5 -3.0
VBR Vanguard Small Cap Value ETF 8.3 7 28 7.8 -1.6
RSSL Global X Russell 2000 ETF 8.3 8 27 3.0 -6.5
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 8.2 35 0 5.0 -4.4
SCAP InfraCap Small Cap Income ETF 8.2 135 -100 8.0 -1.5
IWM iShares Russell 2000 ETF 8.1 19 16 3.4 -6.1
RFV Invesco S&P Midcap 400 Pure Value ETF 8.0 35 0 8.5 -0.9
VTWO Vanguard Russell 2000 ETF 7.9 10 25 3.3 -6.1
AUSF Global X Adaptive U.S. Factor ETF 7.8 27 8 8.7 -0.7
RSPF Invesco S&P 500 Equal Weight Financials ETF 7.8 40 -5 6.8 -2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.5 20 15 6.1 -3.4
EZM WisdomTree U.S. MidCap Fund 7.4 38 -3 7.8 -1.6
AIRR First Trust RBA American Industrial Renaissance ETF 7.4 70 -35 5.1 -4.3
ETHO Etho Climate Leadership U.S. ETF 7.3 47 -12 3.5 -5.9
ISCB iShares Morningstar Small-Cap ETF 7.3 4 31 5.1 -4.4
PEY Invesco High Yield Equity Dividend Achievers ETF 7.2 52 -17 9.4 -0.1
STXK Strive Small-Cap ETF 7.2 18 17 5.0 -4.5
SCHA Schwab U.S. Small-Cap ETF 7.1 4 31 4.5 -4.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 6.9 39 -4 8.6 -0.8
SPYD SPDR Portfolio S&P 500 High Dividend ETF 6.9 7 28 8.8 -0.7
VFH Vanguard Financials ETF 6.9 10 25 6.3 -3.2
DHS WisdomTree U.S. High Dividend Fund 6.9 38 -3 8.1 -1.4
ROSC Hartford Multifactor Small Cap ETF 6.8 34 1 8.5 -0.9
JHSC John Hancock Multifactor Small Cap ETF 6.7 42 -7 6.8 -2.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 6.7 17 18 5.2 -4.2
PSC Principal U.S. Small-Cap ETF 6.5 38 -3 6.1 -3.4
DON WisdomTree U.S. MidCap Dividend Fund 6.4 38 -3 8.3 -1.2
RDVY First Trust Rising Dividend Achievers ETF 6.4 50 -15 9.4 -0.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 6.4 24 11 7.3 -2.1
NUSC Nuveen ESG Small-Cap ETF 6.4 31 4 5.1 -4.3
FDL First Trust Morningstar Dividend Leaders Index Fund 6.3 45 -10 9.2 -0.3
XSHQ Invesco S&P SmallCap Quality ETF 6.2 29 6 8.4 -1.1
SPDV AAM S&P 500 High Dividend Value ETF 6.2 29 6 10.1 +0.7
BKSE BNY Mellon US Small Cap Core Equity ETF 6.2 4 31 5.1 -4.4
XJH iShares ESG Screened S&P Mid-Cap ETF 6.2 12 23 6.6 -2.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 6.1 15 20 6.9 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 6.1 60 -25 6.9 -2.6
RPV Invesco S&P 500 Pure Value ETF 6.1 35 0 9.8 +0.4
SMLF iShares U.S. SmallCap Equity Factor ETF 6.1 15 20 5.4 -4.1
FNCL Fidelity MSCI Financials Index ETF 6.0 8 27 6.3 -3.2
MDY SPDR S&P Midcap 400 ETF Trust 5.5 23 12 6.5 -3.0
IJH iShares Core S&P Mid-Cap ETF 5.5 5 30 6.6 -2.8
SCHD Schwab US Dividend Equity ETF 5.5 6 29 9.3 -0.1
IYG iShares US Financial Services ETF 5.5 40 -5 5.6 -3.8
IVOO Vanguard S&P Mid-Cap 400 ETF 5.4 10 25 6.6 -2.8
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 5.3 3 32 6.7 -2.8
VFMF Vanguard U.S. Multifactor ETF 5.3 18 17 8.5 -0.9
VFQY Vanguard U.S. Quality Factor ETF 5.1 13 22 7.4 -2.1
IYF iShares U.S. Financials ETF 5.1 40 -5 6.0 -3.5
GRPM Invesco S&P MidCap 400 GARP ETF 5.0 35 0 9.2 -0.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.9 60 -25 5.4 -4.0
CVY Invesco Zacks Multi-Asset Income ETF 4.9 106 -71 11.4 +2.0
HAPY Harbor Human Capital Factor Unconstrained ETF 4.9 50 -15 4.7 -4.7
VB Vanguard Small-Cap ETF 4.8 5 30 5.2 -4.3
VXF Vanguard Extended Market ETF 4.8 6 29 4.0 -5.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.8 15 20 6.4 -3.0
IJT iShares S&P Small-Cap 600 Growth ETF 4.7 18 17 6.3 -3.2
IWC iShares Micro-Cap ETF 4.7 60 -25 -3.6 -13.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 4.7 15 20 6.9 -2.5
SLYG SPDR S&P 600 Small Cap Growth ETF 4.6 15 20 6.3 -3.2
FLDZ RiverNorth Patriot ETF 4.6 75 -40 5.6 -3.8
SFYX SoFi Next 500 ETF 4.5 0 35 5.0 -4.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 4.5 35 0 9.7 +0.3
AFSM First Trust Active Factor Small Cap ETF 4.5 75 -40 6.7 -2.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 4.5 29 6 6.8 -2.6
FSMO Fidelity Small-Mid Cap Opportunities ETF 4.4 60 -25 6.9 -2.5
FSMD Fidelity Small-Mid Multifactor ETF 4.4 15 20 7.1 -2.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 4.4 39 -4 8.9 -0.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.3 35 0 6.4 -3.0
SPHB Invesco S&P 500 High Beta ETF 4.0 25 10 4.0 -5.5
JSML Janus Henderson Small Cap Growth Alpha ETF 3.8 30 5 7.1 -2.4
DFNL Davis Select Financial ETF 3.6 63 -28 7.2 -2.3
RWK Invesco S&P MidCap 400 Revenue ETF 3.5 39 -4 8.6 -0.8
PY Principal Value ETF 3.5 15 20 7.4 -2.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.5 30 5 6.7 -2.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 3.4 52 -17 5.6 -3.8
AFMC First Trust Active Factor Mid Cap ETF 3.4 65 -30 7.2 -2.3
UDI USCF Dividend Income Fund 3.4 65 -30 7.4 -2.0
SQLV Royce Quant Small-Cap Quality Value ETF 3.3 60 -25 7.7 -1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 3.3 7 28 5.6 -3.9
JSTC Adasina Social Justice All Cap Global ETF 3.3 89 -54 4.9 -4.6
RNMC First Trust Mid Cap US Equity Select ETF 3.3 60 -25 6.8 -2.7
ONEY SPDR Russell 1000 Yield Focus ETF 3.2 20 15 9.9 +0.5
CVAR Cultivar ETF 3.2 87 -52 7.2 -2.3
FTA First Trust Large Cap Value AlphaDEX Fund 3.1 59 -24 8.4 -1.1
WDIV SPDR S&P Global Dividend ETF 3.0 40 -5 9.6 +0.1
BOUT Innovator IBD Breakout Opportunities ETF 3.0 81 -46 2.9 -6.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 3.0 25 10 5.6 -3.9
DFUV Dimensional US Marketwide Value ETF 2.9 22 13 7.6 -1.9
SSLY Syntax Stratified SmallCap ETF 2.8 40 -5 7.0 -2.5
IMCV iShares Morningstar Mid-Cap Value ETF 2.8 6 29 8.1 -1.4
JVAL JPMorgan U.S. Value Factor ETF 2.8 12 23 8.2 -1.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 2.7 35 0 6.8 -2.7
SCHM Schwab U.S. Mid-Cap ETF 2.7 4 31 6.3 -3.2
SPVM Invesco S&P 500 Value with Momentum ETF 2.7 39 -4 8.4 -1.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 2.7 38 -3 8.1 -1.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 2.7 35 0 8.1 -1.3
FUNL CornerCap Fundametrics Large-Cap ETF 2.7 50 -15 7.0 -2.4
ICAP InfraCap Equity Income Fund ETF 2.7 171 -136 6.5 -2.9
OSCV Opus Small Cap Value ETF 2.7 79 -44 6.0 -3.5
SMDY Syntax Stratified MidCap ETF 2.6 35 0 5.6 -3.8
DFAC Dimensional U.S. Core Equity 2 ETF 2.5 17 18 5.6 -3.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.5 65 -30 5.4 -4.0
VLU SPDR S&P 1500 Value Tilt ETF 2.5 12 23 7.1 -2.3
XLF Financial Select Sector SPDR Fund 2.4 9 26 5.9 -3.6
SDY SPDR S&P Dividend ETF 2.4 35 0 6.1 -3.4
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.4 27 8 7.5 -2.0
VYM Vanguard High Dividend Yield Index ETF 2.4 6 29 7.1 -2.3
IWS iShares Russell Mid-Cap Value ETF 2.4 23 12 6.5 -3.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.4 31 4 7.0 -2.4
MAGA Point Bridge America First ETF 2.3 72 -37 6.4 -3.1
VNMC Natixis Vaughan Nelson Mid Cap ETF 2.3 85 -50 3.6 -5.9
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.3 60 -25 6.9 -2.6
JHMM John Hancock Multifactor Mid Cap ETF 2.3 42 -7 6.5 -3.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.3 4 31 5.9 -3.5
FYC First Trust Small Cap Growth AlphaDEX Fund 2.3 71 -36 1.0 -8.5
VUSE Vident U.S. Equity Strategy ETF 2.2 50 -15 3.5 -6.0
DEEP Roundhill Acquirers Deep Value ETF 2.2 80 -45 14.1 +4.7
JOET Virtus Terranova US Quality Momentum ETF 2.2 29 6 5.2 -4.2
FLV American Century Focused Large Cap Value ETF 2.2 42 -7 6.6 -2.8
YALL God Bless America ETF 2.2 65 -30 3.8 -5.6
XSMO Invesco S&P SmallCap Momentum ETF 2.1 39 -4 7.2 -2.3
DIVY Sound Equity Dividend Income ETF 2.1 45 -10 10.6 +1.2
VAMO Cambria Value & Momentum ETF 2.1 61 -26 9.1 -0.3
VOE Vanguard Mid-Cap Value ETF 2.1 7 28 7.3 -2.1
AVUS Avantis U.S. Equity ETF 2.1 15 20 5.9 -3.5
TMDV ProShares Russell US Dividend Growers ETF 2.1 35 0 6.5 -3.0
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 2.1 38 -3 5.4 -4.0
PFI Invesco Dorsey Wright Financial Momentum ETF 2.1 60 -25 5.5 -3.9
SPVU Invesco S&P 500 Enhanced Value ETF 2.1 13 22 9.4 -0.1
BPAY BlackRock Future Financial and Technology ETF 2.0 70 -35 8.9 -0.6
KBWD Invesco KBW High Dividend Yield Financial ETF 2.0 384 -349 9.2 -0.2
SIXS ETC 6 Meridian Small Cap Equity ETF 2.0 89 -54 8.2 -1.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.9 20 15 6.1 -3.4
ZIG Acquirers Fund 1.9 84 -49 13.7 +4.2
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.9 60 -25 10.3 +0.9
DIVB iShares Core Dividend ETF 1.9 5 30 7.8 -1.7
SMMD iShares Russell 2500 ETF 1.9 15 20 5.8 -3.7
DTD WisdomTree U.S. Total Dividend Fund 1.8 28 7 6.3 -3.1
IWR iShares Russell Midcap ETF 1.8 19 16 5.6 -3.8
DFSU Dimensional US Sustainability Core 1 ETF 1.8 18 17 5.6 -3.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.7 80 -45 6.2 -3.2
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 15 5.8 -3.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.7 15 20 5.8 -3.6
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 18 5.8 -3.7
STXV Strive 1000 Value ETF 1.7 18 17 7.7 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 1.7 39 -4 7.1 -2.3
MBOX Freedom Day Dividend ETF 1.6 39 -4 7.7 -1.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.6 15 20 5.8 -3.7
FFTY Innovator IBD 50 ETF 1.6 80 -45 1.3 -8.1
FEX First Trust Large Cap Core AlphaDEX Fund 1.6 59 -24 6.0 -3.5
SMOT VanEck Morningstar SMID Moat ETF 1.6 49 -14 6.3 -3.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.6 60 -25 6.0 -3.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 56 -21 13.6 +4.1
XSLV Invesco S&P SmallCap Low Volatility ETF 1.5 25 10 6.7 -2.8
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 31 6.2 -3.2
IXG iShares Global Financials ETF 1.4 42 -7 6.6 -2.8
HOMZ Hoya Capital Housing ETF 1.4 30 5 7.3 -2.2
JAVA JPMorgan Active Value ETF 1.4 44 -9 6.1 -3.3
FDM First Trust Dow Jones Select MicroCap Index Fund 1.3 60 -25 7.4 -2.1
QDEF FlexShares Quality Dividend Defensive Index Fund 1.3 37 -2 4.3 -5.2
DEW WisdomTree Global High Dividend Fund 1.3 58 -23 8.7 -0.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.3 15 20 6.2 -3.2
VLUE iShares MSCI USA Value Factor ETF 1.3 15 20 10.6 +1.1
FNDB Schwab Fundamental US Broad Market Index ETF 1.3 25 10 7.0 -2.5
AVLV Avantis U.S. Large Cap Value ETF 1.3 15 20 7.5 -2.0
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 1.3 50 -15 7.7 -1.7
IUSV iShares Core S&P US Value ETF 1.3 4 31 6.7 -2.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.3 60 -25 0.0 -9.4
VSDA VictoryShares Dividend Accelerator ETF 1.2 35 0 6.7 -2.8
ISCG iShares Morningstar Small-Cap Growth ETF 1.2 6 29 2.4 -7.0
DFAU Dimensional US Core Equity Market ETF 1.2 12 23 5.3 -4.1
DFLV Dimensional US Large Cap Value ETF 1.2 22 13 7.8 -1.7
HLGE Hartford Longevity Economy ETF 1.2 44 -9 6.1 -3.4
VONV Vanguard Russell 1000 Value ETF 1.2 8 27 6.6 -2.9
ONEO SPDR Russell 1000 Momentum Focus ETF 1.2 20 15 7.2 -2.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.2 24 11 7.7 -1.7
VO Vanguard Mid-Cap ETF 1.2 4 31 5.9 -3.5
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 15 6.2 -3.2
FMDE Fidelity Enhanced Mid Cap ETF 1.2 23 12 6.3 -3.1
ROE Astoria US Quality Kings ETF 1.1 49 -14 7.8 -1.7
NUDV Nuveen ESG Dividend ETF 1.1 26 9 7.3 -2.1
NULV Nuveen ESG Large-Cap Value ETF 1.1 26 9 6.9 -2.5
SUSA iShares MSCI USA ESG Select ETF 1.1 25 10 5.3 -4.2
IWD iShares Russell 1000 Value ETF 1.1 19 16 6.5 -3.0
IWO iShares Russell 2000 Growth ETF 1.0 24 11 1.4 -8.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.0 70 -35 2.2 -7.2
ESGV Vanguard ESG U.S. Stock ETF 1.0 9 26 5.1 -4.3
FBCV Fidelity Blue Chip Value ETF 1.0 59 -24 7.3 -2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 26 6.1 -3.4
DGRO iShares Core Dividend Growth ETF 1.0 8 27 6.5 -3.0
VTWG Vanguard Russell 2000 Growth ETF 1.0 15 20 1.5 -8.0
PFM Invesco Dividend Achievers ETF 1.0 53 -18 5.5 -3.9
VTHR Vanguard Russell 3000 ETF 0.9 10 25 5.1 -4.3
INEQ Columbia International Equity Income ETF 0.9 45 -10 6.4 -3.1
GVLU Gotham 1000 Value ETF 0.9 50 -15 7.6 -1.8
VTI Vanguard Total Stock Market ETF 0.9 3 32 5.1 -4.3
DFUS Dimensional U.S. Equity ETF 0.9 9 26 5.1 -4.3
PKW Invesco Buyback Achievers ETF 0.9 62 -27 7.1 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 0.9 9 26 6.0 -3.4
SIZE iShares MSCI USA Size Factor ETF 0.9 15 20 6.0 -3.5
SCHV Schwab U.S. Large-Cap Value ETF 0.9 4 31 6.6 -2.8
FELV Fidelity Enhanced Large Cap Value ETF 0.9 18 17 6.5 -3.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.9 3 32 5.1 -4.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 10 7.5 -2.0
SNPV Xtrackers S&P 500 Value ESG ETF 0.9 15 20 6.6 -2.8
TXS Texas Capital Texas Equity Index ETF 0.9 49 -14 5.3 -4.2
SCHB Schwab U.S. Broad Market ETF 0.9 3 32 5.2 -4.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.9 64 -29 2.2 -7.3
STCE Schwab Crypto Thematic ETF 0.9 30 5 2.1 -7.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.9 68 -33 4.2 -5.2
BLOK Amplify Transformational Data Sharing ETF 0.9 75 -40 0.9 -8.5
IWV iShares Russell 3000 ETF 0.9 20 15 5.0 -4.5
BKWO BNY Mellon Women's Opportunities ETF 0.9 50 -15 4.1 -5.4
CZA Invesco Zacks Mid-Cap ETF 0.9 72 -37 6.4 -3.1
VFMO Vanguard U.S. Momentum Factor ETF 0.9 13 22 2.3 -7.1
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -40 5.4 -4.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.8 21 14 4.0 -5.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.8 3 32 5.4 -4.1
QDF FlexShares Quality Dividend Index Fund 0.8 37 -2 4.5 -5.0
REVS Columbia Research Enhanced Value ETF 0.8 19 16 7.6 -1.8
EVUS iShares ESG Aware MSCI USA Value ETF 0.8 18 17 6.6 -2.8
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.8 30 5 8.0 -1.4
ROUS Hartford Multifactor US Equity ETF 0.7 19 16 6.9 -2.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.7 25 10 7.1 -2.4
TMFX Motley Fool Next Index ETF 0.7 50 -15 3.0 -6.4
VOOV Vanguard S&P 500 Value ETF 0.7 10 25 6.6 -2.9
IVE iShares S&P 500 Value ETF 0.7 18 17 6.5 -2.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 31 6.7 -2.8
VTV Vanguard Value ETF 0.7 4 31 6.8 -2.7
VEGN US Vegan Climate ETF 0.7 60 -25 4.8 -4.6
WCEO Hypatia Women CEO ETF 0.7 85 -50 4.7 -4.7
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 20 7.7 -1.8
ACTV LeaderShares Activist Leaders ETF 0.7 75 -40 6.6 -2.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.7 12 23 4.8 -4.6
PTL Inspire 500 ETF 0.7 9 26 5.8 -3.7
USXF iShares ESG Advanced MSCI USA ETF 0.7 10 25 5.4 -4.1
DSI iShares MSCI KLD 400 Social ETF 0.7 25 10 5.3 -4.2
DEUS Xtrackers Russell US Multifactor ETF 0.6 17 18 7.1 -2.4
JHML John Hancock Multifactor Large Cap ETF 0.6 29 6 5.6 -3.9
SHE SPDR MSCI USA Gender Diversity ETF 0.6 20 15 5.0 -4.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.6 35 0 5.9 -3.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.6 40 -5 5.9 -3.6
AFLG First Trust Active Factor Large Cap ETF 0.6 55 -20 6.2 -3.2
ILCV iShares Morningstar Value ETF 0.6 4 31 6.4 -3.0
FVD First Trust Value Line Dividend Index Fund 0.6 65 -30 6.2 -3.3
VIG Vanguard Dividend Appreciation ETF 0.6 6 29 5.7 -3.7
IYY iShares Dow Jones U.S. ETF 0.6 20 15 5.0 -4.4
FDWM Fidelity Women's Leadership ETF 0.5 59 -24 5.0 -4.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 17 7.4 -2.0
VONE Vanguard Russell 1000 ETF 0.5 8 27 5.3 -4.2
RWL Invesco S&P 500 Revenue ETF 0.5 39 -4 6.8 -2.7
SCHK Schwab 1000 Index ETF 0.5 5 30 5.3 -4.2
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -40 3.9 -5.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.5 14 21 5.2 -4.2
NULC Nuveen ESG Large-Cap ETF 0.5 21 14 5.7 -3.8
IWB iShares Russell 1000 ETF 0.5 15 20 5.1 -4.3
VT Vanguard Total World Stock ETF 0.5 7 28 5.8 -3.7
KRMA Global X Conscious Companies ETF 0.5 43 -8 5.9 -3.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.5 95 -60 1.6 -7.8
KRUZ Unusual Whales Subversive Republican Trading ETF 0.5 75 -40 5.7 -3.8
FDFF Fidelity Disruptive Finance ETF 0.5 50 -15 4.6 -4.9
BLES Inspire Global Hope ETF 0.5 61 -26 6.4 -3.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.5 11 24 5.2 -4.3
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 25 5.3 -4.1
XMHQ Invesco S&P MidCap Quality ETF 0.5 25 10 6.4 -3.0
JHDV John Hancock U.S. High Dividend ETF 0.4 34 1 6.4 -3.0
SPMV Invesco S&P 500 Minimum Variance ETF 0.4 10 25 5.6 -3.9
ESGU iShares ESG Aware MSCI USA ETF 0.4 15 20 5.3 -4.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 26 4.9 -4.5
SCHX Schwab U.S. Large-Cap ETF 0.4 3 32 5.3 -4.2
HKND Humankind US Stock ETF 0.4 11 24 7.1 -2.3
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 15 4.3 -5.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 15 5.1 -4.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.4 75 -40 4.3 -5.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 26 5.6 -3.9
EPS WisdomTree U.S. LargeCap Fund 0.4 8 27 6.2 -3.2
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 7 6.1 -3.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 25 5.3 -4.1
QUS SPDR MSCI USA StrategicFactors ETF 0.4 15 20 5.9 -3.5
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 25 5.3 -4.2
SFY SoFi Select 500 ETF 0.4 0 35 4.8 -4.7
IWX iShares Russell Top 200 Value ETF 0.4 20 15 6.4 -3.0
MGV Vanguard Mega Cap Value ETF 0.4 7 28 6.6 -2.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 24 5.0 -4.4
FDVV Fidelity High Dividend ETF 0.4 15 20 9.0 -0.5
RECS Columbia Research Enhanced Core ETF 0.3 15 20 5.6 -3.8
XVV iShares ESG Screened S&P 500 ETF 0.3 8 27 5.1 -4.3
VOO Vanguard S&P 500 ETF 0.3 3 32 5.4 -4.1
VV Vanguard Large-Cap ETF 0.3 4 31 5.3 -4.2
ACVF American Conservative Values ETF 0.3 75 -40 4.4 -5.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 6 5.1 -4.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 15 5.0 -4.4
VBK Vanguard Small-Cap Growth ETF 0.3 7 28 1.4 -8.0
IVV iShares Core S&P 500 ETF 0.3 3 32 5.3 -4.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 3 5.0 -4.4
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 23 5.6 -3.9
SPLG SPDR Portfolio S&P 500 ETF 0.3 2 33 5.3 -4.2
SPY SPDR S&P 500 ETF Trust 0.3 9 26 5.2 -4.3
STRV Strive 500 ETF 0.3 5 30 5.2 -4.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 26 5.0 -4.4
PBUS Invesco MSCI USA ETF 0.3 4 31 5.2 -4.2
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 32 5.2 -4.2
TMFS Motley Fool Small-Cap Growth ETF 0.3 85 -50 2.7 -6.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 -14 5.2 -4.3
LRGF iShares U.S. Equity Factor ETF 0.3 8 27 5.9 -3.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 35 5.3 -4.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 9 26 5.1 -4.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 33 5.2 -4.2
RVRB Reverb ETF 0.3 30 5 5.0 -4.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 28 5.2 -4.3
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 25 5.5 -4.0
VOTE TCW Transform 500 ETF 0.3 5 30 5.2 -4.3
TMFC Motley Fool 100 Index ETF 0.3 50 -15 3.9 -5.6
SSPY Syntax Stratified LargeCap ETF 0.2 30 5 6.6 -2.9
GSPY Gotham Enhanced 500 ETF 0.2 50 -15 5.3 -4.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 22 5.1 -4.3
USMF WisdomTree U.S. Multifactor Fund 0.2 28 7 7.6 -1.9
TOK iShares MSCI Kokusai ETF 0.2 26 9 5.2 -4.2
URTH iShares MSCI World ETF 0.2 24 11 5.4 -4.1
VALQ American Century U.S. Quality Value ETF 0.2 29 6 7.5 -2.0
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 5 5.9 -3.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 4.9 -4.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 5.7 -3.8
ACWI iShares MSCI ACWI ETF 0.2 32 3 5.5 -4.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 5.4 -4.0
HDUS Hartford Disciplined US Equity ETF 0.2 19 16 6.2 -3.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 15 7.9 -1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 26 5.7 -3.7
MGC Vanguard Mega Cap ETF 0.2 7 28 5.1 -4.3
DIV Global X SuperDividend US ETF 0.2 45 -10 7.8 -1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 23 4.8 -4.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 23 6.0 -3.5
IWL iShares Russell Top 200 ETF 0.1 15 20 5.0 -4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 15 5.3 -4.2
CGUS Capital Group Core Equity ETF 0.1 33 2 4.6 -4.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.1 15 20 9.9 +0.4
ARB AltShares Merger Arbitrage ETF 0.1 77 -42 3.2 -6.2
STXD Strive 1000 Dividend Growth ETF 0.1 35 0 5.1 -4.3
GDEF Goldman Sachs Defensive Equity ETF 0.1 55 -20 4.8 -4.6
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 31 4.8 -4.7
APUE ActivePassive U.S. Equity ETF 0.1 45 -10 4.9 -4.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 25 4.6 -4.8
GLOF iShares Global Equity Factor ETF 0.1 20 15 7.2 -2.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 25 4.7 -4.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 6 6.1 -3.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 7 6.1 -3.3
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -14 5.7 -3.7
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 12 4.0 -5.4
STXG Strive 1000 Growth ETF 0.0 18 17 4.3 -5.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 5 4.8 -4.6
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.9 -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

  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:		 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 9.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.58
 
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.