VanEck Mortgage REIT Income ETF
ALTAR
Score™		 12.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 7.8x P/Sales
ratio		 3.8x
P/BV
ratio		 0.8x Div.
yield		 12.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Mortgage REIT Income ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Mortgage REIT Index.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Aug 16, 2011
Assets (mns) $294
Currency USD
Expense ratio 43 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 28
Wgt avg mkt cap (mns) $5,996
Large cap (>$10bn) 12.4%
Mid cap ($2-10bn) 50.6%
Small cap (<$2bn) 37.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANNALY CAPITAL MANAGEMENT IN 12.9 %
AGNC INVESTMENT CORP. 11.3 %
STARWOOD PROPERTY TRUST INC 8.8 %
NEW RESIDENTIAL INVESTMENT 7.4 %
ARBOR REALTY TRUST INC 5.1 %
CAPITAL TRUST-CL A 5.1 %
HANNON ARMSTRONG SUSTAINABLE 4.2 %
LADDER CAPITAL CORP-CLASS A 3.9 %
READY CAPITAL CORPORATION 3.3 %
CHIMERA INVESTMENT CORPORATION 3.3 %
Total 65.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% 20.4% -5.3% 1.0% 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.49 74%
MSCI EAFE 1.43 71%
MSCI Emg. Mkts. 1.15 45%

Technical Indicators
Recent close $11.13
30d moving avg. $11.48
Annualized volatility 30.1%
Short interest (ETF) 0.8%
Short interest (Underlying) 2.9%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 311
Turnover 1.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $726

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 192 potential alternatives to the VanEck Mortgage REIT Income ETF ETF based on the alternatives' overlap in portfolio holdings with MORT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MORT Expense: 43 bp ALTAR Score™: 12.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MORT
Ticker Fund
Name		 Overlap1
vs MORT
(%)		 Expense
ratio
(bp)		 Savings
vs MORT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MORT
(%)
REM iShares Mortgage Real Estate ETF 65.1 48 -5 14.0 +1.3
SRET Global X SuperDividend REIT ETF 33.6 59 -16 9.7 -3.0
RIET Hoya Capital High Dividend Yield ETF 26.1 50 -7 12.3 -0.5
KBWD Invesco KBW High Dividend Yield Financial ETF 21.6 384 -341 9.3 -3.4
SDIV Global X Superdividend ETF 17.9 58 -15 14.9 +2.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.7 30 13 10.0 -2.8
ERNZ TrueShares Active Yield ETF 6.6 75 -32 10.9 -1.8
HOMZ Hoya Capital Housing ETF 4.8 30 13 7.0 -5.7
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 14 8.5 -4.3
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.1 75 -32 7.9 -4.8
ACES ALPS Clean Energy ETF 3.9 55 -12 -4.4 -17.1
SCAP InfraCap Small Cap Income ETF 3.7 135 -92 8.5 -4.2
TAN Invesco Solar ETF 3.4 67 -24 10.4 -2.3
XSLV Invesco S&P SmallCap Low Volatility ETF 3.3 25 18 6.8 -5.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.1 36 7 11.1 -1.6
RSMC Rockefeller U.S. Small-Mid Cap ETF 2.3 75 -32 5.4 -7.3
FYT First Trust Small Cap Value AlphaDEX Fund 2.2 73 -30 7.8 -5.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 14 6.5 -6.2
IJS iShares S&P Small-Cap 600 Value ETF 1.9 18 25 7.4 -5.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.9 15 28 7.4 -5.3
SLYV SPDR S&P 600 Small Cap Value ETF 1.9 15 28 7.4 -5.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.8 58 -15 -3.0 -15.7
SMDV ProShares Russell 2000 Dividend Growers ETF 1.7 40 3 6.4 -6.3
FXO First Trust Financials AlphaDEX Fund 1.6 62 -19 7.4 -5.4
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 37 7.2 -5.5
NUSC Nuveen ESG Small-Cap ETF 1.6 31 12 5.0 -7.7
IWN iShares Russell 2000 Value ETF 1.5 24 19 4.8 -8.0
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 16 8.6 -4.2
VTWV Vanguard Russell 2000 Value ETF 1.5 15 28 4.9 -7.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.5 35 8 5.9 -6.9
FYX First Trust Small Cap Core AlphaDEX Fund 1.5 61 -18 4.6 -8.2
IYR iShares U.S. Real Estate ETF 1.4 40 3 6.0 -6.7
RNSC Furst Trust Small Cap US Equity Select ETF 1.4 60 -17 6.8 -5.9
NIXT Research Affiliates Deletions ETF 1.4 9 34 5.2 -7.5
XJR iShares ESG Screened S&P Small-Cap ETF 1.4 12 31 7.0 -5.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.4 25 18 7.2 -5.5
BLLD JPMorgan Sustainable Infrastructure ETF 1.3 49 -6 5.7 -7.1
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 1.3 27 16 0.0 -12.7
HDUS Hartford Disciplined US Equity ETF 1.3 19 24 5.9 -6.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.2 80 -37 5.8 -6.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 28 7.5 -5.3
FNDA Schwab Fundamental US Small Co. Index ETF 1.2 25 18 6.0 -6.7
IJR iShares Core S&P Small Cap ETF 1.2 6 37 6.6 -6.1
VIOO Vanguard S&P Small-Cap 600 ETF 1.2 10 33 6.6 -6.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 40 6.7 -6.1
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.1 60 -17 6.3 -6.5
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 18 6.6 -6.2
ESIX SPDR S&P SmallCap 600 ESG ETF 1.1 12 31 7.4 -5.3
OSCV Opus Small Cap Value ETF 1.1 79 -36 5.7 -7.1
VBR Vanguard Small Cap Value ETF 1.0 7 36 7.8 -4.9
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -46 8.2 -4.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.0 9 34 3.3 -9.4
ISMD Inspire Small/Mid Cap ETF 1.0 54 -11 5.3 -7.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.0 70 -27 2.7 -10.0
XMVM Invesco S&P MidCap Value with Momentum ETF 1.0 39 4 9.9 -2.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 4 4.1 -8.7
SFYX SoFi Next 500 ETF 0.9 0 43 4.7 -8.0
QDF FlexShares Quality Dividend Index Fund 0.9 37 6 4.2 -8.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.9 37 6 3.9 -8.8
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -63 9.8 -3.0
RSSL Global X Russell 2000 ETF 0.9 8 35 2.6 -10.1
PBD Invesco Global Clean Energy ETF 0.9 75 -32 -5.3 -18.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.9 30 13 6.5 -6.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 -28 -0.5 -13.2
SCHA Schwab U.S. Small-Cap ETF 0.8 4 39 4.4 -8.3
STXK Strive Small-Cap ETF 0.8 18 25 5.0 -7.7
ISCB iShares Morningstar Small-Cap ETF 0.8 4 39 4.8 -8.0
IWC iShares Micro-Cap ETF 0.8 60 -17 -4.9 -17.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 39 4.8 -8.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 -9 5.3 -7.4
IWM iShares Russell 2000 ETF 0.7 19 24 2.8 -10.0
VTWO Vanguard Russell 2000 ETF 0.7 10 33 2.9 -9.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -17 6.8 -5.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 28 5.8 -7.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -27 10.0 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 23 4.6 -8.2
ETHO Etho Climate Leadership U.S. ETF 0.7 47 -4 3.4 -9.3
SCHM Schwab U.S. Mid-Cap ETF 0.7 4 39 6.0 -6.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -24 8.6 -4.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 4 7.5 -5.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 19 7.3 -5.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 36 5.3 -7.4
FNCL Fidelity MSCI Financials Index ETF 0.6 8 35 5.6 -7.1
VB Vanguard Small-Cap ETF 0.6 5 38 4.9 -7.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.6 39 4 5.8 -7.0
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 28 9.3 -3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 28 4.6 -8.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 25 7.2 -5.5
SMOG VanEck Low Carbon Energy ETF 0.5 61 -18 2.4 -10.4
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 31 7.8 -5.0
VXF Vanguard Extended Market ETF 0.5 6 37 3.5 -9.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 8 6.6 -6.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 13 5.4 -7.3
VFH Vanguard Financials ETF 0.5 10 33 5.7 -7.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 18 5.2 -7.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -21 1.8 -10.9
STXM Strive Mid-Cap ETF 0.5 18 25 6.1 -6.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 26 4.7 -8.1
SSLY Syntax Stratified SmallCap ETF 0.4 40 3 7.4 -5.4
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.4 35 8 4.6 -8.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 25 6.9 -5.8
FESM Fidelity Enhanced Small Cap ETF 0.4 28 15 1.7 -11.1
MDYV SPDR S&P 400 Mid Cap Value ETF 0.4 15 28 7.0 -5.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 15 28 7.0 -5.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 25 5.8 -7.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 39 5.6 -7.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 8 1.9 -10.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 15 28 5.8 -6.9
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 28 5.8 -7.0
OPTZ Optimize Strategy Index ETF 0.4 50 -7 2.9 -9.8
FLDZ RiverNorth Patriot ETF 0.3 75 -32 5.2 -7.6
IYF iShares U.S. Financials ETF 0.3 40 3 5.4 -7.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 28 6.8 -6.0
SMMD iShares Russell 2500 ETF 0.3 15 28 5.5 -7.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 23 9.3 -3.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 -2 5.7 -7.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 31 6.5 -6.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.2 35 8 8.1 -4.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 28 6.7 -6.0
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 28 6.8 -5.9
IJH iShares Core S&P Mid-Cap ETF 0.2 5 38 6.4 -6.4
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 19 6.2 -6.6
IWS iShares Russell Mid-Cap Value ETF 0.2 23 20 6.2 -6.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 40 6.4 -6.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 33 6.4 -6.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 13 7.9 -4.8
STXV Strive 1000 Value ETF 0.2 18 25 7.5 -5.2
PTL Inspire 500 ETF 0.2 9 34 5.6 -7.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 23 6.3 -6.5
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 4 6.8 -6.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 19 7.0 -5.7
PSC Principal U.S. Small-Cap ETF 0.2 38 5 5.9 -6.9
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 31 6.7 -6.1
IWR iShares Russell Midcap ETF 0.2 19 24 5.4 -7.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 18 6.8 -6.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 14 6.4 -6.4
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 38 7.3 -5.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 31 7.2 -5.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 34 5.4 -7.4
DIVB iShares Core Dividend ETF 0.1 5 38 7.5 -5.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 28 5.9 -6.9
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 39 6.4 -6.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 40 4.9 -7.9
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 4 6.9 -5.8
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 26 6.9 -5.9
IWD iShares Russell 1000 Value ETF 0.1 19 24 6.1 -6.6
VONV Vanguard Russell 1000 Value ETF 0.1 8 35 6.3 -6.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 23 6.8 -5.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 31 6.2 -6.5
IWV iShares Russell 3000 ETF 0.1 20 23 4.7 -8.1
VTI Vanguard Total Stock Market ETF 0.1 3 40 4.7 -8.0
DEW WisdomTree Global High Dividend Fund 0.1 58 -15 8.5 -4.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 18 6.8 -5.9
VTHR Vanguard Russell 3000 ETF 0.1 10 33 4.7 -8.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 34 4.8 -8.0
LRGF iShares U.S. Equity Factor ETF 0.1 8 35 5.6 -7.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 40 4.8 -7.9
SMDY Syntax Stratified MidCap ETF 0.1 35 8 5.8 -7.0
REVS Columbia Research Enhanced Value ETF 0.1 19 24 7.4 -5.4
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.1 27 16 7.1 -5.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 28 4.9 -7.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 37 2.3 -10.5
SCHK Schwab 1000 Index ETF 0.1 5 38 5.0 -7.8
ROSC Hartford Multifactor Small Cap ETF 0.1 34 9 8.6 -4.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 28 4.7 -8.0
SCHX Schwab U.S. Large-Cap ETF 0.0 3 40 5.0 -7.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 40 5.1 -7.6
IYY iShares Dow Jones U.S. ETF 0.0 20 23 4.8 -8.0
VT Vanguard Total World Stock ETF 0.0 7 36 5.5 -7.2
IWB iShares Russell 1000 ETF 0.0 15 28 4.8 -7.9
VONE Vanguard Russell 1000 ETF 0.0 8 35 4.9 -7.8
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -22 4.7 -8.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 23 7.6 -5.2
RECS Columbia Research Enhanced Core ETF 0.0 15 28 5.5 -7.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 32 4.9 -7.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 8 5.1 -7.6
IUSV iShares Core S&P US Value ETF 0.0 4 39 6.4 -6.3
DFSV Dimensional US Small Cap Value ETF 0.0 31 12 8.3 -4.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 31 4.5 -8.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 17 5.5 -7.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 22 3.8 -8.9
HKND Humankind US Stock ETF 0.0 11 32 7.1 -5.6
PFM Invesco Dividend Achievers ETF 0.0 53 -10 5.3 -7.4
IWO iShares Russell 2000 Growth ETF 0.0 24 19 0.6 -12.2
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 28 0.7 -12.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 25 5.4 -7.3
DCOR Dimensional US Core Equity 1 ETF 0.0 14 29 5.3 -7.4
DFUV Dimensional US Marketwide Value ETF 0.0 22 21 7.2 -5.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 26 5.3 -7.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 31 5.0 -7.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 29 5.0 -7.7
DFUS Dimensional U.S. Equity ETF 0.0 9 34 4.9 -7.9

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:		 VanEck Mortgage REIT Income 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 11.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 12.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.