Direxion Moonshot Innovators ETF
ALTAR
Score™		 -28.9% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 -4.0x P/Sales
ratio		 3.4x
P/BV
ratio		 2.0x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MOON tracks a tier-weighted index that selects US-listed companies seeking innovative technologies.

FUND BASICS
Category US Equities
Fund Sponsor Direxion
Website www.direxion.com
Inception date Nov 12, 2020
Assets (mns) $32
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $2,609
Large cap (>$10bn) 8.1%
Mid cap ($2-10bn) 23.9%
Small cap (<$2bn) 63.6%
Developed mkts 98.7%
Emerging mkts 1.3%

TOP TEN HOLDINGS
C3.AI, INC. CLASS A 4.6 %
AVIDITY BIOSCIENCES INC 4.2 %
FASTLY, INC. CLASS A 3.7 %
BRIDGEBIO PHARMA, INC. 3.5 %
ASANA, INC. CLASS A 3.3 %
SQUARESPACE, INC. CLASS A 3.3 %
ROBLOX CORP. CLASS A 3.1 %
TWILIO, INC. CLASS A 3.0 %
INDIE SEMICONDUCTOR, INC. CLASS A 2.9 %
OKTA, INC. CLASS A 2.9 %
Total 34.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.2 %
ISRAEL 4.1 %
CHINA 3.7 %
GERMANY 2.9 %
BRITAIN 2.3 %
CANADA 0.5 %





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.
15.8% -39.1% -- -- -32.5%

Market Correlations
versus... Beta R-squared
S&P500 1.16 31%
MSCI EAFE 1.06 23%
MSCI Emg. Mkts. 0.96 21%

Technical Indicators
Recent close $10.99
30d moving avg. $11.89
Annualized volatility 38.6%
Short interest (ETF) 4.2%
Short interest (Underlying) 9.9%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 43
Turnover 1.5%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $1,914

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 400 potential alternatives to the Direxion Moonshot Innovators ETF ETF based on the alternatives' overlap in portfolio holdings with MOON. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MOON Expense: 65 bp ALTAR Score™: -28.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MOON
Ticker Fund
Name		 Overlap1
vs MOON
(%)		 Expense
ratio
(bp)		 Savings
vs MOON
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MOON
(%)
XWEB SPDR S&P Internet ETF 15.4 35 30 -10.7 +18.3
ARKK ARK Innovation ETF 14.5 75 -10 -7.8 +21.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 13.6 68 -3 -1.4 +27.5
WCLD WisdomTree Cloud Computing Fund 12.9 45 20 -0.1 +28.8
HAIL SPDR S&P Kensho Smart Mobility ETF 12.2 45 20 -5.4 +23.5
ARKW ARK Web x.0 ETF 11.9 83 -18 -4.8 +24.1
BYOB SoFi Be Your Own Boss ETF 11.3 59 6 -3.2 +25.7
VERS ProShares Metaverse ETF 10.8 58 7 -5.6 +23.3
ARKG ARK Genomic Revolution ETF 10.8 75 -10 -11.7 +17.2
MAKX ProShares S&P Kensho Smart Factories ETF 10.7 58 7 3.8 +32.7
MSGR Direxion mRNA ETF 9.5 65 0 -2.4 +26.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 9.5 45 20 2.2 +31.2
XITK SPDR FactSet Innovative Technology ETF 8.3 45 20 0.2 +29.1
ARKF ARK Fintech Innovation ETF 7.4 75 -10 -2.3 +26.6
OGIG O'Shares Global Internet Giants ETF 7.4 48 17 0.5 +29.4
ESPO VanEck Video Gaming & eSports ETF 7.3 55 10 7.2 +36.1
HERO Global X Video Games & Esports ETF 7.3 50 15 10.4 +39.3
KOMP SPDR Kensho New Economies Composite ETF 7.2 20 45 -1.3 +27.6
TWEB SoFi Web 3 ETF 7.2 59 6 -15.7 +13.2
MVPS Amplify Thematic All-Stars ETF 7.1 49 16 2.1 +31.1
GAMR ETFMG Video Game Tech ETF 6.8 75 -10 7.0 +35.9
IPO Renaissance IPO ETF 6.8 60 5 -49.6 -20.7
CLOU Global X Cloud Computing ETF 6.8 68 -3 2.3 +31.2
FCLD Fidelity Cloud Computing ETF 6.7 39 26 4.9 +33.8
WCBR WisdomTree Cybersecurity Fund 6.6 45 20 1.2 +30.1
IDNA iShares Genomics Immunology & Healthcare ETF 6.3 47 18 -8.3 +20.7
ARKQ Ark Autonomous Tech. & Robotics ETF 6.3 75 -10 2.0 +30.9
MRND IQ U.S. Mid Cap R&D Leaders ETF 6.0 16 49 0.2 +29.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 5.9 65 0 2.4 +31.3
XBI SPDR S&P BIOTECH ETF 5.7 35 30 0.0 +28.9
BBP BioShares Biotechnology Products Fund 5.6 79 -14 -3.2 +25.7
UFO Procure Space ETF 5.6 75 -10 1.2 +30.1
ROKT SPDR S&P Kensho Final Frontiers ETF 5.6 45 20 1.8 +30.7
BBC Virtus LifeSci Biotech Clinical Trials ETF 5.6 79 -14 0.0 +28.9
BULD Pacer BlueStar Engineering the Future ETF 5.4 60 5 0.1 +29.0
BNGE First Trust S-Network Streaming and Gaming ETF 5.4 70 -5 0.7 +29.6
ARKX ARK Space Exploration & Innovation ETF 5.4 75 -10 2.2 +31.2
METV Roundhill Ball Metaverse ETF 5.4 59 6 4.8 +33.7
WFH Direxion Work From Home ETF 5.2 45 20 0.0 +28.9
PRNT The 3D Printing ETF 5.2 66 -1 -3.2 +25.7
OND ProShares On-Demand ETF 5.1 58 7 -5.5 +23.4
SKYY First Trust Cloud Computing ETF 5.0 60 5 3.7 +32.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 4.9 50 15 19.5 +48.4
BWEB Bitwise Web3 ETF 4.9 85 -20 2.6 +31.6
ARVR First Trust Indxx Metaverse ETF 4.9 70 -5 4.7 +33.6
VR Global X Metaverse ETF 4.9 50 15 6.7 +35.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 4.9 65 0 5.9 +34.8
MEME Roundhill MEME ETF 4.9 69 -4 -4.1 +24.9
ENTR Entrepreneur 30 Fund 4.8 49 16 2.6 +31.5
ODDS Pacer BlueStar Digital Entertainment ETF 4.6 60 5 6.0 +34.9
HAPY Harbor Corporate Culture Leaders ETF 4.5 36 29 4.9 +33.9
BOSS Global X Founder-Run Companies ETF 4.5 45 20 3.6 +32.6
BOTZ Global X Robotics & Artificial Intelligence ETF 4.2 68 -3 2.7 +31.6
SBIO ALPS Medical Breakthroughs ETF 4.2 50 15 -1.9 +27.0
FMET Fidelity Metaverse ETF 4.2 39 26 5.7 +34.7
XAR SPDR S&P Aerospace & Defense ETF 4.1 35 30 1.8 +30.7
CBSE Changebridge Capital Sustainable Equity ETF 4.1 85 -20 2.2 +31.1
AIEQ AI Powered Equity ETF 3.8 75 -10 -6.1 +22.8
TRFM AAM Transformers ETF 3.7 49 16 2.0 +30.9
DRIV Global X Autonomous & Electric Vehicles ETF 3.7 68 -3 5.0 +33.9
XSD SPDR S&P Semiconductor ETF 3.6 35 30 6.8 +35.7
SOCL Global X Social Media ETF 3.6 65 0 -0.7 +28.2
XSW SPDR S&P Software & Services ETF 3.5 35 30 3.2 +32.1
TMFX Motley Fool Next Index ETF 3.5 50 15 4.0 +32.9
IVES Wedbush ETFMG Global Cloud Technology ETF 3.4 68 -3 4.1 +33.0
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.4 47 18 -0.9 +28.1
JFWD Jacob Forward ETF 3.4 75 -10 -13.9 +15.1
GNOM Global X Genomics & Biotechnology ETF 3.3 50 15 -5.3 +23.6
INNO Harbor Disruptive Innovation ETF 3.2 75 -10 -3.6 +25.3
PSJ Invesco Dynamic Software ETF 3.1 56 9 4.4 +33.3
AOTG AOT Growth and Innovation ETF 3.0 75 -10 3.7 +32.6
IDAT iShares Cloud 5G and Tech ETF 3.0 47 18 6.5 +35.4
BUG Global X Cybersecurity ETF 2.9 50 15 2.4 +31.4
HACK ETFMG Prime Cyber Security ETF 2.9 60 5 4.9 +33.8
CIBR First Trust NASDAQ CEA Cybersecurity ETF 2.9 60 5 5.1 +34.0
IHAK iShares Cybersecurity & Tech ETF 2.9 47 18 4.1 +33.1
MTVR Fount Metaverse ETF 2.8 70 -5 6.6 +35.5
WDNA WisdomTree BioRevolution Fund 2.6 45 20 -4.2 +24.7
BTEC Principal Healthcare Innovators Index ETF 2.6 42 23 -3.7 +25.2
PNQI Invesco NASDAQ Internet ETF 2.6 60 5 3.4 +32.3
FITE SPDR Kensho Future Security ETF 2.6 45 20 3.5 +32.4
GK AdvisorShares Gerber Kawasaki ETF 2.6 81 -16 5.4 +34.3
SNSR Global X Internet of Things Thematic ETF 2.4 68 -3 5.0 +34.0
GERM ETFMG Treatments Testing and Advancements ETF 2.4 68 -3 -13.6 +15.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.4 39 26 -1.2 +27.7
FDN First Trust Dow Jones Internet Index Fund 2.4 51 14 3.1 +32.1
FPX First Trust US IPO Index Fund 2.4 57 8 3.2 +32.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 2.3 65 0 5.6 +34.5
PBS Invesco Dynamic Media ETF 2.3 63 2 8.7 +37.6
PSCU Invesco S&P SmallCap Utilities ETF 2.3 29 36 3.5 +32.4
XDNA Strategic CRISPR & Gene Editing Technology ETF 2.2 78 -13 -3.3 +25.6
NUMG Nuveen ESG Mid-Cap Growth ETF 2.2 30 35 5.4 +34.4
FDG American Century Focused Dynamic Growth ETF 2.1 45 20 3.4 +32.3
ERSX ERShares NextGen Entrepreneurs ETF 2.0 75 -10 6.8 +35.8
BLOK Amplify Transformational Data Sharing ETF 2.0 71 -6 3.2 +32.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.0 45 20 0.1 +29.1
HELX Franklin Genomic Advancements ETF 2.0 50 15 2.3 +31.3
QQQS Invesco NASDAQ Future Gen 200 ETF 1.9 20 45 -8.3 +20.7
BFTR Future Innovators ETF 1.9 80 -15 2.8 +31.7
SYNB Putnam BioRevolution ETF 1.9 70 -5 3.8 +32.7
ISCG iShares Morningstar Small-Cap Growth ETF 1.9 6 59 2.3 +31.2
LOUP Innovator Loup Frontier Tech ETF 1.9 70 -5 2.1 +31.0
PTH Invesco DWA Healthcare Momentum ETF 1.8 60 5 -3.7 +25.3
BUZZ VanEck Social Sentiment ETF 1.8 75 -10 1.5 +30.4
BTEK BlackRock Future Tech ETF 1.8 88 -23 0.8 +29.7
XT iShares Exponential Technologies ETF 1.8 46 19 3.8 +32.7
UAV AdvisorShares Drone Technology ETF 1.8 99 -34 5.7 +34.7
PBW Invesco WilderHill Clean Energy ETF 1.8 61 4 -7.9 +21.0
PGJ Invesco Golden Dragon China ETF 1.7 70 -5 4.5 +33.5
VOT Vanguard Mid-Cap Growth Index Fund 1.7 7 58 5.5 +34.4
MCH Matthews China Active ETF 1.7 79 -14 10.3 +39.2
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 1.7 96 -31 5.5 +34.4
EMFQ Amplify Emerging Markets FinTech ETF 1.7 69 -4 6.3 +35.2
PLAT WisdomTree Modern Tech Platforms Fund 1.6 20 45 1.2 +30.2
IBBQ Invesco Nasdaq Biotechnology ETF 1.6 19 46 1.1 +30.1
SAMT Strategas Macro Thematic Opportunities ETF 1.5 65 0 4.2 +33.1
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.5 50 15 3.7 +32.6
ITEQ BlueStar Israel Technology ETF 1.5 75 -10 2.5 +31.4
TINY ProShares Nanotechnology ETF 1.5 58 7 1.8 +30.7
BUYZ Franklin Disruptive Commerce ETF 1.4 50 15 2.6 +31.5
BTHM BlackRock Future U.S. Themes ETF 1.4 60 5 6.6 +35.5
VXF Vanguard Extended Market Index Fund 1.4 6 59 4.5 +33.4
IWC iShares Micro-Cap ETF 1.4 60 5 -4.6 +24.3
GENY Principal Millennials Index ETF 1.4 45 20 6.7 +35.7
CARZ First Trust NASDAQ Global Auto Index Fund 1.4 70 -5 6.6 +35.5
MISL First Trust Indxx Aerospace & Defense ETF 1.4 60 5 4.5 +33.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 1.4 49 16 6.6 +35.5
IWO iShares Russell 2000 Growth ETF 1.3 23 42 3.1 +32.0
VTWG Vanguard Russell 2000 Growth Index Fund 1.3 15 50 3.2 +32.1
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.3 65 0 6.1 +35.0
QTUM Defiance Quantum ETF 1.3 40 25 4.7 +33.6
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 1.3 108 -43 4.0 +32.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -10 4.2 +33.1
IDRV iShares Self-driving EV & Tech ETF 1.3 47 18 1.0 +29.9
RYJ Invesco Raymond James SB-1 Equity ETF 1.3 81 -16 5.9 +34.8
BICK First Trust BICK Index Fund 1.2 64 1 6.8 +35.8
IMCG iShares Morningstar Mid-Cap Growth ETF 1.2 6 59 5.5 +34.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.2 9 56 5.1 +34.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 1.2 8 57 6.4 +35.3
IBB iShares NASDAQ Biotechnology ETF 1.2 44 21 0.6 +29.6
VBK Vanguard Small-Cap Growth Index Fund 1.2 7 58 1.8 +30.7
AIQ Global X Future Analytics Tech ETF 1.2 68 -3 5.3 +34.2
IWM iShares Russell 2000 ETF 1.2 19 46 4.9 +33.8
ROBO Robo Global Robotics & Automation Index ETF 1.2 95 -30 3.4 +32.3
VTWO Vanguard Russell 2000 Index Fund 1.2 10 55 4.9 +33.8
XHS SPDR S&P Health Care Services ETF 1.2 35 30 1.3 +30.3
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.1 20 45 5.5 +34.4
FXL First Trust Technology AlphaDEX Fund 1.1 61 4 7.5 +36.4
TECB iShares US Tech Breakthrough Multisector ETF 1.1 40 25 5.4 +34.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.1 95 -30 2.7 +31.6
TRFK Pacer Data and Digital Revolution ETF 1.1 60 5 5.8 +34.7
VOX Vanguard Telecommunication Services Index Fund 1.1 10 55 6.4 +35.3
ROCI ROC ETF 1.1 49 16 5.5 +34.4
IWFH iShares Virtual Work and Life Multisector ETF 1.1 47 18 -1.3 +27.6
ISCB iShares Morningstar Small-Cap ETF 1.1 4 61 5.6 +34.6
IWN iShares Russell 2000 Value ETF 1.1 23 42 6.7 +35.7
FYC First Trust Small Cap Growth AlphaDEX Fund 1.0 70 -5 3.9 +32.9
VTWV Vanguard Russell 2000 Value Index Fund 1.0 15 50 6.7 +35.6
DTEC ALPS Disruptive Technologies ETF 1.0 50 15 4.5 +33.5
GRZZ Grizzle Growth ETF 1.0 75 -10 7.9 +36.9
CALF Pacer US Small Cap Cash Cows 100 ETF 0.9 59 6 15.8 +44.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.9 15 50 4.5 +33.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 26 5.8 +34.7
IGV iShares Expanded Tech-Software ETF 0.9 40 25 4.6 +33.5
XHE SPDR S&P Health Care Equipment ETF 0.9 35 30 0.7 +29.7
IWP iShares Russell Mid-Cap Growth ETF 0.9 23 42 5.6 +34.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.9 17 48 5.9 +34.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.9 68 -3 0.0 +28.9
SIZE iShares MSCI USA Size Factor ETF 0.9 15 50 7.2 +36.1
AVSC Avantis U.S Small Cap Equity ETF 0.8 25 40 5.6 +34.5
VO Vanguard Mid-Cap Index Fund 0.8 4 61 7.3 +36.2
HEET Hartford Schroders ESG US Equity ETF 0.8 39 26 7.6 +36.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 61 6.5 +35.5
PBD Invesco Global Clean Energy ETF 0.8 75 -10 -1.3 +27.6
SCHA Schwab U.S. Small-Cap ETF 0.8 4 61 6.0 +34.9
STXK Strive Small-Cap ETF 0.8 18 47 6.4 +35.3
ANEW ProShares MSCI Transformational Changes ETF 0.8 45 20 6.0 +34.9
LRND IQ U.S. Large Cap R&D Leaders ETF 0.8 14 51 6.8 +35.7
NULG Nuveen ESG Large-Cap Growth ETF 0.7 25 40 5.3 +34.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.7 6 59 5.9 +34.8
IBLC iShares Blockchain and Tech ETF 0.7 47 18 -29.5 -0.6
BBH VanEck Biotech ETF 0.6 35 30 5.3 +34.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 58 6.2 +35.1
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.6 38 27 7.5 +36.5
VB Vanguard Small-Cap ETF 0.6 5 60 6.4 +35.3
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 56 7.3 +36.2
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 61 7.4 +36.3
EIS iShares MSCI Israel ETF 0.6 57 8 11.1 +40.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 61 7.4 +36.3
IWR iShares Russell Midcap ETF 0.6 18 47 6.9 +35.8
TINT ProShares Smart Materials ETF 0.6 58 7 6.6 +35.5
HYDR Global X Hydrogen ETF 0.6 50 15 -6.9 +22.0
CSML IQ Chaikin U.S. Small Cap ETF 0.6 35 30 6.9 +35.8
DWAS Invesco DWA SmallCap Momentum ETF 0.6 60 5 2.2 +31.1
IBUY Amplify Online Retail ETF 0.6 65 0 -4.6 +24.3
IGM iShares Expanded Tech Sector ETF 0.6 40 25 5.7 +34.7
ITA iShares U.S. Aerospace & Defense ETF 0.5 39 26 4.4 +33.3
SSPX Janus Henderson U.S. Sustainable Equity ETF 0.5 55 10 4.5 +33.4
EBIZ Global X E-Commerce ETF 0.5 50 15 0.8 +29.7
SSLY Syntax Stratified SmallCap ETF 0.5 35 30 7.7 +36.6
FBCG Fidelity Blue Chip Growth ETF 0.5 59 6 2.9 +31.8
ECON Columbia Emerging Markets Consumer ETF 0.5 49 16 4.5 +33.5
EATV VegTech Plant-based Innovation & Climate ETF 0.5 75 -10 5.1 +34.0
VUSE Vident Core US Equity Fund 0.5 50 15 9.2 +38.2
EDOC Global X Telemedicine & Digital Health ETF 0.5 68 -3 -6.0 +22.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.5 35 30 9.1 +38.0
NUSC Nuveen ESG Small-Cap ETF 0.5 30 35 5.9 +34.9
CSD Invesco S&P Spin-Off ETF 0.5 65 0 7.5 +36.5
MILN Global X Millennial Consumer ETF 0.5 50 15 3.5 +32.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 4 9.3 +38.3
IYW iShares U.S. Technology ETF 0.5 39 26 6.1 +35.1
IWS iShares Russell Mid-Cap Value ETF 0.4 23 42 7.9 +36.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 56 7.1 +36.1
VGT Vanguard Information Technology Index Fund 0.4 10 55 6.1 +35.0
DFAS Dimensional U.S. Small Cap ETF 0.4 28 37 7.5 +36.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.4 60 5 11.5 +40.5
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 23 7.4 +36.3
CLRG IQ Chaikin U.S. Large Cap ETF 0.4 25 40 6.9 +35.9
YUMY VanEck Future of Food ETF 0.4 69 -4 4.1 +33.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 45 7.2 +36.2
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 57 6.1 +35.0
IYC iShares U.S. Consumer Services ETF 0.4 39 26 4.4 +33.3
SUSA iShares MSCI USA ESG Select ETF 0.4 25 40 6.5 +35.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 8.5 +37.5
ISRA VanEck Israel ETF 0.4 59 6 9.0 +37.9
HLGE Hartford Longevity Economy ETF 0.4 44 21 8.6 +37.5
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 15 50 5.5 +34.5
SQLV Legg Mason Small-Cap Quality Value 0.3 61 4 12.4 +41.4
NZRO Strategy Shares Halt Climate Change ETF 0.3 95 -30 2.0 +30.9
ITAN Sparkline Intangible Value ETF 0.3 50 15 7.8 +36.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -15 9.5 +38.5
VEGN US Vegan Climate ETF 0.3 60 5 6.2 +35.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 63 2 5.3 +34.2
NULC Nuveen ESG Large-Cap ETF 0.3 20 45 6.4 +35.4
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 40 25 5.2 +34.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.3 25 40 11.0 +39.9
PSC Principal U.S. Small Cap Index ETF 0.3 38 27 9.8 +38.7
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ET 0.3 85 -20 1.2 +30.1
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 0.3 35 30 3.5 +32.4
SFYF SoFi 50 ETF 0.3 29 36 -7.9 +21.0
SAGP Strategas Global Policy Opportunities ETF 0.3 65 0 7.7 +36.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.3 15 50 7.5 +36.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.3 15 50 14.8 +43.7
VUG Vanguard Growth Index Fund 0.3 4 61 5.5 +34.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.3 18 47 7.4 +36.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 53 8.0 +36.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 50 8.8 +37.7
ACES ALPS Clean Energy ETF 0.3 55 10 -2.4 +26.5
ETHO Etho Climate Leadership U.S. ETF 0.3 47 18 5.3 +34.2
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 61 7.0 +35.9
ILCG iShares Morningstar Growth ETF 0.3 4 61 5.5 +34.4
PUNK Subversive Metaverse ETF 0.3 75 -10 2.7 +31.6
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 55 17.0 +46.0
BATT Amplify Lithium & Battery Technology ETF 0.2 59 6 4.9 +33.8
SLY SPDR S&P 600 Small Cap ETF 0.2 15 50 8.5 +37.4
IJR iShares Core S&P Small Cap ETF 0.2 6 59 8.6 +37.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 5 60 8.6 +37.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.2 25 40 7.4 +36.3
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 56 6.5 +35.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.2 21 44 4.7 +33.7
SXUS Janus Henderson International Sustainable Equity ETF 0.2 60 5 4.4 +33.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.2 25 40 7.4 +36.3
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 6 6.7 +35.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 62 6.5 +35.4
SFY SoFi Select 500 ETF 0.2 0 65 6.9 +35.8
VTHR Vanguard Russell 3000 Index Fund 0.2 10 55 6.5 +35.4
IWV iShares Russell 3000 ETF 0.2 20 45 6.4 +35.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.2 15 50 19.2 +48.1
FSST Fidelity Sustainability U.S. Equity ETF 0.2 59 6 6.3 +35.2
VTI Vanguard Total Stock Market Index Fund 0.2 3 62 6.5 +35.4
STXG Strive 1000 Growth ETF 0.2 18 47 5.8 +34.7
IJS iShares S&P Small-cap 600 Value ETF 0.2 18 47 9.5 +38.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.2 15 50 9.5 +38.5
SCHB Schwab U.S. Broad Market ETF 0.2 3 62 6.6 +35.5
LRGE ClearBridge Large Cap Growth ESG ETF 0.2 59 6 4.2 +33.1
CGGR Capital Group Growth ETF 0.2 39 26 5.0 +33.9
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 55 6.4 +35.3
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 52 9.1 +38.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 30 9.4 +38.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.2 36 29 9.4 +38.3
SHE SPDR SSGA Gender Diversity Index ETF 0.2 20 45 6.9 +35.8
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 52 4.4 +33.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.2 30 35 10.9 +39.9
DFAU Dimensional US Core Equity Market ETF 0.2 12 53 6.9 +35.8
VBR Vanguard Small Cap Value Index Fund 0.2 7 58 9.6 +38.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 55 7.0 +35.9
EES WisdomTree SmallCap Earnings Fund 0.2 38 27 13.3 +42.2
SMOG VanEck Low Carbon Energy ETF 0.2 55 10 3.4 +32.3
IWF iShares Russell 1000 Growth ETF 0.2 18 47 6.1 +35.1
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 57 7.2 +36.1
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 57 6.3 +35.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 50 6.4 +35.3
IYY iShares Dow Jones U.S. ETF 0.2 20 45 6.5 +35.5
VONE Vanguard Russell 1000 ETF 0.2 8 57 6.7 +35.6
IWB iShares Russell 1000 ETF 0.2 15 50 6.6 +35.5
IQSU IQ Candriam ESG US Equity ETF 0.2 9 56 6.3 +35.2
SCHK Schwab 1000 Index ETF 0.1 5 60 6.7 +35.6
IWD iShares Russell 1000 Value ETF 0.1 18 47 8.0 +36.9
VONV Vanguard Russell 1000 Value Index Fund 0.1 8 57 8.1 +37.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 62 6.7 +35.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -21 1.8 +30.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 56 7.0 +35.9
TMFC Motley Fool 100 Index ETF 0.1 50 15 5.4 +34.3
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 71 -6 13.4 +42.3
VV Vanguard Large-Cap Index Fund 0.1 4 61 6.7 +35.6
VDNI V-Shares US Leadership Diversity ETF 0.1 29 36 6.8 +35.8
SMMD iShares Russell 2500 ETF 0.1 15 50 6.8 +35.7
WRND IQ Global Equity R&D Leaders ETF 0.1 18 47 8.5 +37.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 47 8.4 +37.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 19 46 7.5 +36.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 58 6.7 +35.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 54 6.7 +35.6
SFYX Sofi Next 500 ETF 0.1 0 65 7.3 +36.2
CACG ClearBridge All Cap Growth ETF 0.1 53 12 4.4 +33.3
STRV Strive 500 ETF 0.1 5 60 6.6 +35.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 63 6.7 +35.6
BMED BlackRock Future Health ETF 0.1 85 -20 2.1 +31.0
PBUS Invesco PureBeta MSCI USA ETF 0.1 4 61 6.8 +35.7
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 62 6.8 +35.7
JHMM John Hancock Multifactor Mid Cap ETF 0.1 41 24 8.3 +37.2
FSMD Fidelity Small-Mid Factor ETF 0.1 29 36 8.6 +37.6
KROP Global X AgTech & Food Innovation ETF 0.1 50 15 -2.1 +26.8
AVUS Avantis U.S. Equity ETF 0.1 15 50 7.8 +36.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.1 60 5 6.2 +35.2
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 59 9.0 +37.9
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.1 19 46 8.7 +37.7
VHT Vanguard Health Care Index Fund 0.1 10 55 7.3 +36.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 9.1 +38.0
DFUS Dimensional U.S. Equity ETF 0.1 11 54 6.7 +35.7
FDWM Fidelity Women's Leadership ETF 0.1 59 6 6.4 +35.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -10 6.4 +35.3
DFAT Dimensional U.S. Targeted Value ETF 0.1 29 36 10.1 +39.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 6 8.3 +37.2
VT Vanguard Total World Stock ETF 0.1 7 58 7.3 +36.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 9.3 +38.2
ESGU iShares MSCI USA ESG Optimized ETF 0.1 15 50 6.7 +35.6
GWX SPDR S&P International Small Cap ETF 0.1 40 25 6.1 +35.0
VAW Vanguard Materials Index Fund 0.1 10 55 7.8 +36.7
FIDU Fidelity MSCI Industrials Index ETF 0.1 8 57 6.4 +35.3
TOK iShares MSCI Kokusai ETF 0.1 25 40 7.0 +35.9
FMAT Fidelity MSCI Materials Index ETF 0.1 84 -19 7.1 +36.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 56 7.2 +36.1
VIS Vanguard Industrials Index Fund 0.1 10 55 6.1 +35.0
DFUV Dimensional US Marketwide Value ETF 0.1 23 42 9.5 +38.4
SXQG 6 Meridian Quality Growth ETF 0.1 100 -35 5.6 +34.5
URTH iShares MSCI World ETF 0.1 24 41 7.1 +36.0
PPA Invesco Aerospace & Defense ETF 0.1 61 4 4.5 +33.4
ACWI iShares MSCI ACWI ETF 0.1 32 33 7.2 +36.1
RNEW VanEck Green Infrastructure ETF 0.1 45 20 1.1 +30.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 8.6 +37.5
HLAL Wahed FTSE USA Shariah ETF 0.1 50 15 6.4 +35.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 45 6.6 +35.5
JHML John Hancock Multifactor Large Cap ETF 0.1 29 36 7.1 +36.1
RVRB Reverb ETF 0.1 30 35 6.7 +35.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 41 9.3 +38.2
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -24 6.7 +35.6
VOTE Engine No. 1 Transform 500 ETF 0.1 5 60 6.5 +35.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 40 6.7 +35.6
IHF iShares U.S. Healthcare Providers ETF 0.1 39 26 6.7 +35.6
HKND Humankind US Stock ETF 0.1 11 54 8.4 +37.4
ERTH Invesco MSCI Sustainable Future ETF 0.1 56 9 4.4 +33.3
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 8 57 7.9 +36.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 26 8.3 +37.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 9.4 +38.4
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 55 6.3 +35.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 51 6.6 +35.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 39 26 6.5 +35.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 0 7.9 +36.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 18 6.3 +35.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 8.8 +37.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -21 2.4 +31.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.0 8 57 5.9 +34.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 7.5 +36.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.0 69 -4 11.9 +40.8
IHI iShares U.S. Medical Devices ETF 0.0 39 26 5.1 +34.0
VEGI iShares MSCI Global Agriculture Producers ETF 0.0 39 26 9.0 +37.9
VCR Vanguard Consumer Discretionary Index Fund 0.0 10 55 5.9 +34.8
IYH iShares U.S. Healthcare ETF 0.0 39 26 8.1 +37.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 55 6.3 +35.2
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 50 7.2 +36.2
VDC Vanguard Consumer Staples Index Fund 0.0 10 55 6.1 +35.0
FSTA Fidelity MSCI Consumer Staples Index ETF 0.0 8 57 6.1 +35.0
IUS Invesco Strategic US ETF 0.0 19 46 8.1 +37.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 58 6.9 +35.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 40 8.2 +37.2
HAP VanEck Natural Resources ETF 0.0 49 16 9.4 +38.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 53 8.8 +37.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 7.3 +36.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 47 18 7.5 +36.4
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.8 +36.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 7.6 +36.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.7 +36.6
SPTM SPDR Portfolio Total Stock Market ETF 0.0 3 62 7.0 +35.9
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 57 8.8 +37.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 61 7.6 +36.5
GXC SPDR S&P China ETF 0.0 59 6 10.1 +39.1
VSGX Vanguard ESG International Stock ETF 0.0 12 53 7.8 +36.8
AVDE Avantis International Equity ETF 0.0 23 42 9.3 +38.2
VXUS Vanguard Total International Stock ETF 0.0 7 58 8.1 +37.1
AVEM Avantis Emerging Markets Equity ETF 0.0 33 32 10.6 +39.5

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

  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:		 Direxion Moonshot Innovators ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -81.7 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score -28.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.52
 
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.