NETLease Corporate Real Estate ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 11.9x P/Sales
ratio		 5.9x
P/BV
ratio		 1.2x Div.
yield		 6.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NETLease Corporate Real Estate ETF seeks to track the performance before fees and expenses of the Fundamental Income Net Lease Real Estate Index. NETL seeks to provide investors access to sustainable income with predictable growth through investments

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website netleaseetf.com
Inception date Mar 21, 2019
Assets (mns) $64
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $6,093
Large cap (>$10bn) 19.9%
Mid cap ($2-10bn) 49.0%
Small cap (<$2bn) 31.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NATIONAL RETAIL PROPERTIES 8.4 %
STAG INDUSTRIAL INC 8.3 %
REALTY INCOME CORP 8.0 %
VICI PROPERTIES INC 7.8 %
WP CAREY INC 7.4 %
SPIRIT REALTY CAPITAL INC 4.4 %
EPR PROPERTIES 4.3 %
ESSENTIAL PROPERTIES REALTY TRUST, 4.1 %
GETTY REALTY CORP 4.1 %
BROADSTONE NET LEASE, INC. 4.0 %
Total 60.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.7% -6.8% -- -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 1.00 78%
MSCI EAFE 0.96 66%
MSCI Emg. Mkts. 0.60 29%

Technical Indicators
Recent close $23.07
30d moving avg. $21.22
Annualized volatility 20.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.9%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $383

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 360 potential alternatives to the NETLease Corporate Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with NETL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NETL Expense: 60 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NETL
Ticker Fund
Name		 Overlap1
vs NETL
(%)		 Expense
ratio
(bp)		 Savings
vs NETL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NETL
(%)
KBWY Invesco KBW Premium Yield Equity REIT ETF 32.0 35 25 18.8 +8.7
JRE Janus Henderson U.S. Real Estate ETF 24.5 65 -5 7.0 -3.1
RDOG ALPS REIT Dividend Dogs ETF 23.5 35 25 14.0 +3.9
BLDG Cambria Global Real Estate ETF 16.7 60 0 9.3 -0.8
FRI First Trust S&P REIT Index Fund 14.5 50 10 7.4 -2.7
USRT iShares Core U.S. REIT ETF 14.0 8 52 7.8 -2.3
RIET Hoya Capital High Dividend Yield ETF 13.9 50 10 14.1 +4.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.8 11 49 7.8 -2.3
SRET Global X SuperDividend REIT ETF 13.2 59 1 10.1 -0.0
DFAR Dimensional US Real Estate ETF 12.4 19 41 7.4 -2.7
SCHH Schwab U.S. REIT ETF 11.9 7 53 7.7 -2.4
PSR Invesco Active U.S. Real Estate Fund 11.7 35 25 6.9 -3.2
PPTY PPTY-U.S. Diversified Real Estate ETF 11.7 53 7 7.2 -2.9
CRED Columbia Research Enhanced Real Estate ETF 11.6 33 27 7.6 -2.5
HOTL Kelly Hotel & Lodging Sector ETF 11.4 78 -18 3.4 -6.7
BJK VanEck Gaming ETF 11.4 65 -5 1.7 -8.4
RWR SPDR Dow Jones REIT ETF 10.9 25 35 7.4 -2.7
FREL Fidelity MSCI Real Estate Index ETF 10.7 8 52 7.5 -2.6
REET iShares Global REIT ETF 10.3 14 46 7.3 -2.8
IYR iShares U.S. Real Estate ETF 10.3 40 20 7.2 -2.9
VNQ Vanguard REIT Index Fund 9.3 12 48 7.4 -2.7
DFGR Dimensional Global Real Estate ETF 9.2 22 38 7.1 -3.0
ICF iShares Cohen & Steers REIT ETF 9.0 33 27 7.1 -3.0
AVRE Avantis Real Estate ETF 9.0 17 43 6.6 -3.5
PRVT Private Real Estate Strategy via Liquid REITs ETF 8.3 59 1 7.5 -2.6
XMLV Invesco S&P MidCap Low Volatility ETF 8.0 25 35 7.1 -3.0
BYRE Principal Real Estate Active Opportunities ETF 8.0 65 -5 6.3 -3.8
VICE AdvisorShares Vice ETF 7.7 99 -39 5.7 -4.4
DTRE Alerian Disruptive Technology Real Estate ETF 7.6 60 0 3.7 -6.4
RWO SPDR Dow Jones Global Real Estate ETF 7.6 50 10 6.8 -3.3
JPRE JPMorgan Realty Income ETF 7.4 50 10 6.5 -3.6
XLRE The Real Estate Select Sector SPDR Fund 7.4 10 50 7.2 -2.9
LVHD Legg Mason Low Volatility High Dividend ETF 7.2 27 33 9.4 -0.7
FPRO Fidelity Real Estate Investment ETF 7.1 59 1 5.8 -4.3
VRAI Virtus Real Asset Income ETF 6.6 55 5 9.2 -0.9
ICAP InfraCap Equity Income Fund ETF 6.6 171 -111 7.0 -3.1
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 6.4 55 5 6.0 -4.1
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.3 40 20 7.5 -2.6
BEDZ AdvisorShares Hotel ETF 6.1 100 -40 2.3 -7.8
ERET iShares Environmentally Aware Real Estate ETF 5.2 30 30 7.2 -2.9
PSCF Invesco S&P SmallCap Financials ETF 5.1 29 31 10.5 +0.4
GQRE FlexShares Global Quality Real Estate Index Fund 5.0 45 15 7.3 -2.8
PZLD Puzzle Divdend Leaders 4.4 0 60 0.0 -10.1
GK AdvisorShares Gerber Kawasaki ETF 4.1 75 -15 3.1 -7.0
XSLV Invesco S&P SmallCap Low Volatility ETF 4.0 25 35 6.8 -3.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.9 30 30 10.5 +0.4
MJUS ETFMG U.S. Alternative Harvest ETF 3.8 75 -15 3.3 -6.8
TOKE Cambria Cannabis ETF 3.8 42 18 -30.0 -40.1
THCX The Cannabis ETF 3.8 75 -15 -67.9 -78.0
MJ ETFMG Alternative Harvest ETF 3.8 75 -15 -117.5 -127.6
CNBS Amplify Seymour Cannabis ETF 3.8 75 -15 -54.3 -64.4
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 3.6 60 0 9.5 -0.6
IVRA Invesco Real Assets ESG ETF 3.6 59 1 7.1 -3.0
JHDV John Hancock U.S. High Dividend ETF 3.4 34 26 6.9 -3.2
SDY SPDR S&P Dividend ETF 3.2 35 25 6.9 -3.2
DIV Global X SuperDividend US ETF 3.2 45 15 8.9 -1.2
KONG Formidable Fortress ETF 3.1 89 -29 6.7 -3.4
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 3.0 69 -9 9.2 -0.9
PSC Principal U.S. Small Cap Index ETF 2.8 38 22 8.6 -1.5
TMFS Motley Fool Small Cap Growth ETF 2.8 85 -25 2.7 -7.4
BRNY Burney U.S. Factor Rotation ETF 2.8 79 -19 6.3 -3.8
POTX Global X Cannabis ETF 2.7 51 9 -143.6 -153.7
OSCV Opus Small Cap Value Plus ETF 2.7 79 -19 6.5 -3.6
DES WisdomTree U.S. SmallCap Dividend Fund 2.7 38 22 10.0 -0.1
FOVL iShares Focused Value Factor ETF 2.6 25 35 11.2 +1.1
ROOF IQ US Real Estate Small Cap ETF 2.6 60 0 8.4 -1.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.6 30 30 11.4 +1.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.6 80 -20 7.0 -3.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.6 60 0 7.4 -2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.4 24 36 8.7 -1.4
DEW WisdomTree Global High Dividend Fund 2.4 58 2 9.2 -0.9
SPYD SPDR S&P 500 High Dividend ETF 2.4 7 53 10.5 +0.4
SIXS 6 Meridian Small Cap Equity ETF 2.2 89 -29 8.7 -1.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.2 75 -15 4.7 -5.4
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.2 40 20 7.1 -3.0
UDI USCF Dividend Income Fund 2.2 0 60 0.0 -10.1
BGIG Bahl & Gaynor Income Growth ETF 2.2 45 15 5.7 -4.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.0 15 45 8.7 -1.4
JRNY ALPS Global Travel Beneficiaries ETF 2.0 65 -5 0.6 -9.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.0 15 45 8.8 -1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 2.0 18 42 8.8 -1.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.0 25 35 6.2 -3.9
SPLV Invesco S&P 500 Low Volatility ETF 2.0 25 35 6.0 -4.1
ALTL Pacer Lunt Large Cap Alternator ETF 2.0 60 0 6.1 -4.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.9 12 48 8.2 -1.9
FYT First Trust Small Cap Value AlphaDEX Fund 1.9 73 -13 15.1 +5.0
SMCP AlphaMark Actively Managed Small Cap ETF 1.9 90 -30 0.0 -10.1
RITA ETFB Green SRI REITs ETF 1.9 50 10 5.7 -4.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.9 20 40 5.5 -4.6
MGMT Ballast Small/Mid Cap ETF 1.9 110 -50 7.6 -2.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.9 6 54 8.3 -1.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.8 24 36 8.5 -1.6
FCPI Fidelity Stocks for Inflation ETF 1.8 29 31 9.4 -0.7
MDY SPDR S&P Midcap 400 ETF Trust 1.8 23 37 7.6 -2.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.8 18 42 8.2 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 31 8.6 -1.5
IVOO Vanguard S&P Mid-Cap 400 ETF 1.8 10 50 7.8 -2.3
SPMD SPDR Portfolio Mid Cap ETF 1.8 3 57 7.8 -2.3
DON WisdomTree U.S. MidCap Dividend Fund 1.7 38 22 9.1 -1.0
IJH iShares Core S&P Mid-Cap ETF 1.7 5 55 7.8 -2.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.7 15 45 9.3 -0.8
USMF WisdomTree U.S. Multifactor Fund 1.7 28 32 7.4 -2.7
IJS iShares S&P Small-cap 600 Value ETF 1.7 18 42 9.5 -0.6
SLYV SPDR S&P 600 Small Cap Value ETF 1.7 15 45 9.6 -0.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.7 70 -10 5.4 -4.7
IWS iShares Russell Mid-Cap Value ETF 1.7 23 37 7.3 -2.8
IQRA IQ CBRE Real Assets ETF 1.7 65 -5 5.8 -4.3
JHSC John Hancock Multifactor Small Cap ETF 1.6 42 18 6.4 -3.7
VBR Vanguard Small Cap Value Index Fund 1.6 7 53 9.1 -1.0
FLRG Fidelity U.S. Multifactor ETF 1.6 29 31 7.9 -2.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.6 39 21 12.1 +2.0
IWN iShares Russell 2000 Value ETF 1.5 24 36 6.2 -3.9
XJR iShares ESG Screened S&P Small-Cap ETF 1.5 12 48 7.8 -2.3
VTWV Vanguard Russell 2000 Value Index Fund 1.5 15 45 6.4 -3.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 6.5 -3.6
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 10 6.2 -3.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.5 15 45 6.9 -3.2
IJK iShares S&P Mid-Cap 400 Growth ETF 1.5 17 43 6.9 -3.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.5 15 45 6.9 -3.2
YOLO AdvisorShares Pure Cannabis ETF 1.5 103 -43 -50.5 -60.5
ONEY SPDR Russell 1000 Yield Focus ETF 1.5 20 40 10.8 +0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.5 7 53 6.1 -4.0
FSMD Fidelity Small-Mid Factor ETF 1.5 29 31 7.9 -2.2
CVY Invesco Zacks Multi-Asset Income ETF 1.5 100 -40 11.8 +1.7
XJH iShares ESG Screened S&P Mid-Cap ETF 1.4 12 48 7.9 -2.2
FLDZ RiverNorth Volition America Patriot ETF 1.4 75 -15 6.1 -4.0
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.4 15 45 7.9 -2.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.4 15 45 8.5 -1.6
HAPY Harbor Corporate Culture Leaders ETF 1.4 50 10 3.8 -6.3
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 56 6.8 -3.3
FUNL CornerCap Fundametrics Large-Cap ETF 1.3 50 10 7.3 -2.8
VIOO Vanguard S&P Small-Cap 600 ETF 1.3 10 50 8.1 -2.0
IJR iShares Core S&P Small Cap ETF 1.3 6 54 8.4 -1.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.3 3 57 8.4 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 40 6.9 -3.2
RNSC Small Cap US Equity Select ETF 1.3 60 0 8.8 -1.3
PFI Invesco DWA Financial Momentum ETF 1.3 60 0 8.6 -1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.3 15 45 8.3 -1.8
SCHA Schwab U.S. Small-Cap ETF 1.3 4 56 5.2 -4.9
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 54 8.5 -1.6
SDIV Global X SuperDividend ETF 1.3 58 2 16.3 +6.2
VOE Vanguard Mid-Cap Value Index Fund 1.3 7 53 8.1 -2.0
VOT Vanguard Mid-Cap Growth Index Fund 1.3 7 53 4.7 -5.4
ROSC Hartford Multifactor Small Cap ETF 1.2 34 26 10.7 +0.6
ESIX SPDR S&P SmallCap 600 ESG ETF 1.2 12 48 7.8 -2.3
SMLE Xtrackers S&P SmallCap 600 ESG ETF 1.2 15 45 7.8 -2.3
RNMC Mid Cap US Equity Select ETF 1.2 60 0 8.9 -1.2
VO Vanguard Mid-Cap Index Fund 1.2 4 56 6.4 -3.7
IWR iShares Russell Midcap ETF 1.2 18 42 6.2 -3.9
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 56 6.2 -3.9
SIXL 6 Meridian Low Beta Equity Strategy ETF 1.2 80 -20 5.6 -4.5
IMCB iShares Morningstar Mid-Cap ETF 1.2 4 56 6.3 -3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.2 4 56 6.3 -3.8
VXF Vanguard Extended Market Index Fund 1.2 6 54 4.0 -6.1
VB Vanguard Small-Cap ETF 1.2 5 55 5.8 -4.3
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.2 10 50 5.0 -5.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 1.1 35 25 8.6 -1.5
FYX First Trust Small Cap Core AlphaDEX Fund 1.1 61 -1 8.8 -1.3
ISCB iShares Morningstar Small-Cap ETF 1.1 4 56 5.3 -4.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.1 30 30 8.4 -1.7
HDUS Hartford Disciplined US Equity ETF 1.0 19 41 6.5 -3.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.0 9 51 4.1 -6.0
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 20 7.9 -2.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 1.0 20 40 7.5 -2.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.0 25 35 7.0 -3.1
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 9.8 -0.3
FTA First Trust Large Cap Value AlphaDEX Fund 0.9 59 1 8.9 -1.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 54 2.0 -8.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 4.3 -5.8
BUZZ VanEck Social Sentiment ETF 0.9 75 -15 1.9 -8.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 25 35 7.0 -3.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 45 7.0 -3.1
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 7.1 -3.0
SPRE SP Funds S&P Global REIT Sharia ETF 0.9 59 1 5.6 -4.5
WDIV SPDR Global Dividend ETF 0.9 40 20 9.7 -0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.9 67 -7 11.2 +1.1
NTZG Nuveen Global Net Zero Transition ETF 0.9 55 5 5.1 -5.0
AFMC First Trust Active Factor Mid Cap ETF 0.9 65 -5 9.1 -1.0
RESP WisdomTree US ESG Fund of Benef Interest 0.8 28 32 6.2 -3.9
STXV Strive 1000 Value ETF 0.8 18 42 8.5 -1.6
STXK Strive Small-Cap ETF 0.8 18 42 5.7 -4.4
JVAL JPMorgan U.S. Value Factor ETF 0.8 12 48 8.9 -1.2
IWM iShares Russell 2000 ETF 0.8 19 41 3.9 -6.2
CLRG IQ Chaikin U.S. Large Cap ETF 0.8 25 35 6.5 -3.6
VTWO Vanguard Russell 2000 Index Fund 0.8 10 50 4.0 -6.1
SFYX Sofi Next 500 ETF 0.8 0 60 6.1 -4.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 51 6.6 -3.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.8 15 45 6.7 -3.4
AFSM First Trust Active Factor Small Cap ETF 0.8 77 -17 9.4 -0.7
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.8 10 50 5.0 -5.1
SMMD iShares Russell 2500 ETF 0.7 15 45 6.4 -3.7
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 7.2 -2.9
EZM WisdomTree U.S. MidCap Earnings Fund 0.7 38 22 10.5 +0.4
DTD WisdomTree U.S.Total Dividend Fund 0.7 28 32 7.2 -2.9
CGUS Capital Group Core Equity ETF 0.7 33 27 5.2 -4.9
PY Principal Shareholder Yield Index ETF 0.7 15 45 7.8 -2.3
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.7 60 0 7.4 -2.7
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -15 5.2 -4.9
ROUS Hartford Multifactor US Equity ETF 0.7 19 41 6.6 -3.5
IWC iShares Micro-Cap ETF 0.7 60 0 -5.4 -15.5
MAGA Point Bridge GOP Stock Tracker ETF 0.6 72 -12 6.5 -3.6
FVAL Fidelity Value Factor ETF 0.6 29 31 7.7 -2.4
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 52 7.2 -2.9
IWD iShares Russell 1000 Value ETF 0.6 19 41 7.1 -3.0
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 6.5 -3.6
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 21 8.9 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 40 7.3 -2.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.6 20 40 8.3 -1.8
VBK Vanguard Small-Cap Growth Index Fund 0.6 7 53 1.3 -8.8
RYJ Invesco Raymond James SB-1 Equity ETF 0.6 81 -21 3.9 -6.2
GLIF AGFiQ Global Infrastructure ETF 0.6 45 15 5.2 -4.9
ISMD Inspire Small/Mid Cap Impact ETF 0.6 54 6 6.3 -3.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.6 17 43 5.8 -4.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.6 28 32 6.8 -3.3
USVT US Value ETF 0.6 49 11 12.1 +2.0
SIZE iShares MSCI USA Size Factor ETF 0.6 15 45 6.4 -3.7
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 2 5.2 -4.9
FDM First Trust Dow Jones Select Microcap Index Fund 0.6 60 0 7.8 -2.3
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 33 5.9 -4.2
NUMV Nuveen ESG Mid-Cap Value ETF 0.5 31 29 8.1 -2.0
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.5 20 40 6.2 -3.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 10 8.8 -1.3
TXS Texas Capital Texas Equity Index ETF 0.5 49 11 5.6 -4.5
FQAL Fidelity Quality Factor ETF 0.5 29 31 5.8 -4.3
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 54 4.5 -5.6
REVS Columbia Research Enhanced Value ETF 0.5 19 41 8.1 -2.0
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 7.1 -3.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 -5 4.4 -5.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.9 -4.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 1 6.1 -4.0
FMIL Fidelity New Millennium ETF 0.4 59 1 4.4 -5.7
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 0.4 15 45 6.8 -3.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 48 5.4 -4.7
TMFX Motley Fool Next Index ETF 0.4 50 10 3.3 -6.8
BIBL Inspire ETF 0.4 35 25 5.4 -4.7
SMDY Syntax Stratified MidCap ETF 0.4 35 25 7.5 -2.6
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 12.0 +1.9
ILCV iShares Morningstar Value ETF 0.4 4 56 7.3 -2.8
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 50 5.4 -4.7
WLDR Affinity World Leaders Equity ETF 0.4 67 -7 8.7 -1.4
PFM Invesco Dividend Achievers ETF 0.4 53 7 5.9 -4.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.4 15 45 6.0 -4.1
IUSV iShares Core S&P U.S. Value ETF 0.4 4 56 6.3 -3.8
CZA Invesco Zacks Mid-Cap ETF 0.4 69 -9 6.7 -3.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.4 17 43 7.5 -2.6
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.6 -3.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.4 15 45 5.1 -5.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 30 10.4 +0.3
APUE ActivePassive U.S. Equity ETF 0.4 33 27 5.4 -4.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 40 7.4 -2.7
SSLY Syntax Stratified SmallCap ETF 0.4 40 20 8.1 -2.0
FDMO Fidelity Momentum Factor ETF 0.4 29 31 4.1 -6.0
VTV Vanguard Value Index Fund 0.4 4 56 7.4 -2.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.4 29 31 6.8 -3.3
SFY SoFi Select 500 ETF 0.3 0 60 5.4 -4.7
FDLO Fidelity Low Volatility Factor ETF 0.3 29 31 5.4 -4.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 21 6.3 -3.8
VEGN US Vegan Climate ETF 0.3 60 0 4.8 -5.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 6.3 -3.8
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 5.5 -4.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 5.4 -4.7
VTHR Vanguard Russell 3000 Index Fund 0.3 10 50 5.4 -4.7
VTI Vanguard Total Stock Market Index Fund 0.3 3 57 5.3 -4.8
IWV iShares Russell 3000 ETF 0.3 20 40 5.3 -4.8
AFLG First Trust Active Factor Large Cap ETF 0.3 55 5 6.5 -3.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 35 6.2 -3.9
VOOV Vanguard S&P 500 Value ETF 0.3 10 50 6.1 -4.0
IVE iShares S&P 500 Value ETF 0.3 18 42 6.0 -4.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 56 6.1 -4.0
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 6.0 -4.1
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.3 25 35 12.1 +2.0
IYY iShares Dow Jones U.S. ETF 0.3 20 40 5.3 -4.8
EES WisdomTree SmallCap Earnings Fund 0.3 38 22 11.4 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 0.3 3 57 5.8 -4.3
VONE Vanguard Russell 1000 ETF 0.3 8 52 5.5 -4.6
IWB iShares Russell 1000 ETF 0.3 15 45 5.4 -4.7
SCHK Schwab 1000 Index ETF 0.3 5 55 5.5 -4.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -11 1.1 -9.0
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 48 7.7 -2.4
LGLV SPDR Russell 1000 Low Volatility ETF 0.3 12 48 5.6 -4.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 53 5.6 -4.5
GSPY Gotham Enhanced 500 ETF 0.3 50 10 5.8 -4.3
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 51 5.3 -4.8
BLES Inspire Global Hope Large Cap ETF 0.3 61 -1 6.4 -3.7
RNLC Large Cap US Equity Select ETF 0.3 60 0 6.6 -3.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 6.0 -4.1
FDRR Fidelity Dividend ETF for Rising Rates 0.2 29 31 8.1 -2.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 5.5 -4.6
CSML IQ Chaikin U.S. Small Cap ETF 0.2 35 25 5.8 -4.3
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 5.5 -4.6
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 21 7.1 -3.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 5.5 -4.6
AIEQ AI Powered Equity ETF 0.2 75 -15 4.1 -6.0
PBUS Invesco PureBeta MSCI USA ETF 0.2 4 56 5.5 -4.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 9.3 -0.8
WKLY SoFi Weekly Dividend ETF 0.2 49 11 7.7 -2.4
YPS Arrow Reverse Cap 500 ETF 0.2 29 31 7.2 -2.9
VV Vanguard Large-Cap Index Fund 0.2 4 56 5.5 -4.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 30 9.5 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 5.3 -4.8
VOTE Engine No. 1 Transform 500 ETF 0.2 5 55 5.4 -4.7
STRV Strive 500 ETF 0.2 5 55 5.5 -4.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 5.5 -4.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 31 7.1 -3.0
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 5.4 -4.7
SHE SPDR SSGA Gender Diversity Index ETF 0.2 20 40 5.6 -4.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 5.5 -4.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 5.5 -4.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 5.4 -4.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 5.6 -4.5
IVV iShares Core S&P 500 ETF 0.2 3 57 5.6 -4.5
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 58 5.6 -4.5
SPY SPDR S&P 500 ETF Trust 0.2 9 51 5.5 -4.6
RECS Columbia Research Enhanced Core ETF 0.2 15 45 6.2 -3.9
RVRB Reverb ETF 0.2 30 30 5.3 -4.8
VOO VANGUARD S&P 500 ETF 0.2 3 57 5.6 -4.5
VT Vanguard Total World Stock ETF 0.2 7 53 5.1 -5.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.7 -4.4
IUSG iShares Core S&P US Growth ETF 0.2 4 56 5.7 -4.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.2 70 -10 2.4 -7.7
TOK iShares MSCI Kokusai ETF 0.2 25 35 5.4 -4.7
DIVB iShares Core Dividend 0.2 5 55 8.4 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.1 25 35 7.2 -2.9
URTH iShares MSCI World ETF 0.1 24 36 5.5 -4.6
VDNI V-Shares US Leadership Diversity ETF 0.1 29 31 5.7 -4.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 35 6.2 -3.9
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 7.0 -3.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 21 10.9 +0.8
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.6 -4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 5.4 -4.7
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 52 6.8 -3.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 4.9 -5.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 5.4 -4.7
ILCG iShares Morningstar Growth ETF 0.1 4 56 4.3 -5.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 63 -3 2.7 -7.4
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 42 5.2 -4.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -15 6.5 -3.6
VUG Vanguard Growth Index Fund 0.1 4 56 4.5 -5.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 35 7.2 -2.9
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 6.3 -3.8
VOOG Vanguard S&P 500 Growth ETF 0.1 10 50 5.6 -4.5
IVW iShares S&P 500 Growth ETF 0.1 18 42 5.5 -4.6
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 56 5.7 -4.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 59 1 8.0 -2.1
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 6.0 -4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.7 -4.4
IWO iShares Russell 2000 Growth ETF 0.1 24 36 1.2 -8.9
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 45 1.3 -8.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 5.8 -4.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -15 4.3 -5.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 39 4.0 -6.1
HKND Humankind US Stock ETF 0.1 11 49 6.8 -3.3
IQSU IQ Candriam ESG US Equity ETF 0.0 9 51 5.0 -5.1
RWL Invesco S&P 500 Revenue ETF 0.0 39 21 7.1 -3.0
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 5.7 -4.4
ACVF American Conservative Values ETF 0.0 75 -15 4.8 -5.3
HLGE Hartford Longevity Economy ETF 0.0 44 16 7.0 -3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 6.1 -4.0
STXG Strive 1000 Growth ETF 0.0 18 42 4.4 -5.7
ARB AltShares Merger Arbitrage ETF -0.3 77 -17 -0.4 -10.5

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:		 NETLease Corporate Real Estate 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 10.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.49
 
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.