NETLease Corporate Real Estate ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 27.1x P/Sales
ratio		 6.6x
P/BV
ratio		 1.5x Div.
yield		 6.5%


  • 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) $38
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) $6,799
Large cap (>$10bn) 27.5%
Mid cap ($2-10bn) 40.6%
Small cap (<$2bn) 31.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WP CAREY INC 9.1 %
AGREE REALTY CORP 8.3 %
VICI PROPERTIES INC 8.2 %
REALTY INCOME CORP 8.1 %
NATIONAL RETAIL PROPERTIES 7.9 %
EPR PROPERTIES 4.7 %
GLOBAL NET LEASE INC 4.5 %
BROADSTONE NET LEASE, INC. 4.0 %
LEXINGTON REALTY TRUST 4.0 %
STAG INDUSTRIAL INC 4.0 %
Total 62.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %










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.
6.7% 14.5% 3.4% -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.88 56%
MSCI EAFE 0.91 62%
MSCI Emg. Mkts. 0.67 34%

Technical Indicators
Recent close $24.91
30d moving avg. $24.68
Annualized volatility 20.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 355 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™: 3.7%


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
(%)
RDOG ALPS REIT Dividend Dogs ETF 31.2 35 25 1.1 -2.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 28.5 35 25 0.8 -2.8
SRET Global X SuperDividend REIT ETF 23.2 59 1 8.1 +4.5
IRET iREIT - MarketVector Quality REIT Index ETF 21.2 60 0 2.3 -1.4
RIET Hoya Capital High Dividend Yield ETF 17.3 50 10 6.0 +2.3
FRI First Trust S&P REIT Index Fund 14.1 50 10 1.9 -1.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.9 11 49 2.3 -1.4
USRT iShares Core U.S. REIT ETF 13.8 8 52 2.4 -1.3
BLDG Cambria Global Real Estate ETF 13.7 60 0 4.2 +0.5
DFAR Dimensional US Real Estate ETF 12.7 19 41 2.3 -1.4
SCHH Schwab U.S. REIT ETF 12.2 7 53 2.5 -1.2
PPTY US Diversified Real Estate ETF 11.7 53 7 1.9 -1.7
BJK VanEck Gaming ETF 11.3 65 -5 3.9 +0.3
RWR SPDR Dow Jones REIT ETF 11.1 25 35 2.1 -1.6
REAI Intelligent Real Estate ETF 11.0 59 1 0.6 -3.1
FREL Fidelity MSCI Real Estate Index ETF 11.0 8 52 2.5 -1.2
VNQ Vanguard Real Estate ETF 10.7 12 48 2.4 -1.3
ERET iShares Environmentally Aware Real Estate ETF 10.6 30 30 3.1 -0.6
IYR iShares U.S. Real Estate ETF 10.4 40 20 2.7 -1.0
REET iShares Global REIT ETF 10.1 14 46 3.3 -0.3
GQRE FlexShares Global Quality Real Estate Index Fund 10.0 45 15 4.1 +0.4
PSR Invesco Active U.S. Real Estate Fund 9.8 35 25 2.2 -1.5
INDS Pacer Industrial Real Estate ETF 9.3 55 5 3.9 +0.3
DFGR Dimensional Global Real Estate ETF 9.2 22 38 3.2 -0.5
AVRE Avantis Real Estate ETF 9.0 17 43 3.3 -0.4
XMLV Invesco S&P MidCap Low Volatility ETF 8.7 25 35 6.0 +2.4
ICF iShares Cohen & Steers REIT ETF 8.6 33 27 2.4 -1.3
BYRE Principal Real Estate Active Opportunities ETF 8.2 65 -5 1.7 -2.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.0 80 -20 6.0 +2.4
VICE AdvisorShares Vice ETF 8.0 99 -39 6.2 +2.5
XLRE Real Estate Select Sector SPDR Fund 7.9 8 52 6.3 +2.7
RWO SPDR Dow Jones Global Real Estate ETF 7.8 50 10 2.9 -0.8
DESK VanEck Office and Commercial REIT ETF 7.7 50 10 1.1 -2.5
FPRO Fidelity Real Estate Investment ETF 7.3 59 1 1.5 -2.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.3 60 0 2.5 -1.2
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 7.1 40 20 2.5 -1.2
JRE Janus Henderson U.S. Real Estate ETF 7.0 65 -5 1.6 -2.1
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 6.1 27 33 6.1 +2.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.1 30 30 7.6 +3.9
VRAI Virtus Real Asset Income ETF 6.1 55 5 7.5 +3.8
JPRE JPMorgan Realty Income ETF 5.9 50 10 1.4 -2.3
ABLD Abacus FCF Real Assets Leaders ETF 5.5 69 -9 5.7 +2.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 5.4 30 30 7.4 +3.7
PSCF Invesco S&P SmallCap Financials ETF 4.9 29 31 6.2 +2.5
BEDZ AdvisorShares Hotel ETF 4.5 100 -40 2.5 -1.2
XSLV Invesco S&P SmallCap Low Volatility ETF 4.5 25 35 5.4 +1.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.4 60 0 6.3 +2.7
IVRA Invesco Real Assets ESG ETF 4.2 59 1 3.5 -0.2
JHDV John Hancock U.S. High Dividend ETF 4.1 34 26 6.3 +2.6
UDI USCF Dividend Income Fund 4.0 65 -5 6.5 +2.8
IQRA IQ CBRE Real Assets ETF 3.7 65 -5 2.7 -1.0
OSCV Opus Small Cap Value ETF 3.5 79 -19 6.7 +3.1
KONG Formidable Fortress ETF 3.3 89 -29 5.7 +2.0
DES WisdomTree U.S. SmallCap Dividend Fund 3.3 38 22 8.7 +5.0
IJJ iShares S&P Mid-Cap 400 Value ETF 3.3 18 42 8.6 +5.0
ICAP InfraCap Equity Income Fund ETF 3.3 171 -111 5.2 +1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 3.2 15 45 8.7 +5.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 3.2 15 45 8.7 +5.0
DON WisdomTree U.S. MidCap Dividend Fund 3.2 38 22 8.3 +4.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.1 20 40 5.3 +1.6
AFMC First Trust Active Factor Mid Cap ETF 3.1 65 -5 8.2 +4.5
SDY SPDR S&P Dividend ETF 3.0 35 25 6.2 +2.5
FDVV Fidelity High Dividend ETF 3.0 15 45 7.5 +3.8
VFMV Vanguard U.S. Minimum Volatility ETF 2.9 13 47 5.5 +1.8
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.9 60 0 5.7 +2.0
SIXL ETC 6 Meridian Low Beta Equity ETF 2.8 80 -20 5.7 +2.1
SPYD SPDR Portfolio S&P 500 High Dividend ETF 2.7 7 53 8.2 +4.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.7 15 45 5.9 +2.3
FCPI Fidelity Stocks for Inflation ETF 2.7 15 45 7.8 +4.1
ONEY SPDR Russell 1000 Yield Focus ETF 2.7 20 40 9.1 +5.4
TMFS Motley Fool Small-Cap Growth ETF 2.4 85 -25 3.1 -0.6
CGDG Capital Group Dividend Growers ETF 2.3 47 13 6.3 +2.7
DEW WisdomTree Global High Dividend Fund 2.3 58 2 7.7 +4.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 2.3 15 45 7.3 +3.6
XJH iShares ESG Screened S&P Mid-Cap ETF 2.2 12 48 7.0 +3.3
TBG TBG Dividend Focus ETF 2.2 59 1 7.3 +3.6
BGIG Bahl & Gaynor Income Growth ETF 2.1 45 15 5.4 +1.8
BMVP Invesco Bloomberg MVP Multi-factor ETF 2.1 29 31 6.8 +3.1
DIV Global X SuperDividend US ETF 2.1 45 15 10.1 +6.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.1 25 35 4.9 +1.2
SPLV Invesco S&P 500 Low Volatility ETF 2.1 25 35 4.8 +1.2
ALTL Pacer Lunt Large Cap Alternator ETF 2.0 60 0 4.6 +0.9
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.0 40 20 7.0 +3.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.0 24 36 7.6 +3.9
MDY SPDR S&P Midcap 400 ETF Trust 2.0 24 36 7.2 +3.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.0 70 -10 4.4 +0.7
XSMO Invesco S&P SmallCap Momentum ETF 2.0 39 21 5.3 +1.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 45 4.3 +0.6
IJH iShares Core S&P Mid-Cap ETF 2.0 5 55 7.4 +3.7
MGMT Ballast Small/Mid Cap ETF 2.0 110 -50 8.6 +4.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.9 3 57 7.4 +3.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.9 10 50 7.3 +3.6
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.9 25 35 9.9 +6.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.9 39 21 5.4 +1.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.9 25 35 7.8 +4.1
IWN iShares Russell 2000 Value ETF 1.8 24 36 5.8 +2.1
CZA Invesco Zacks Mid-Cap ETF 1.8 72 -12 5.9 +2.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.8 35 25 6.9 +3.2
USMF WisdomTree U.S. Multifactor Fund 1.8 28 32 6.7 +3.0
VTWV Vanguard Russell 2000 Value ETF 1.8 15 45 5.9 +2.3
FUNL CornerCap Fundametrics Large-Cap ETF 1.8 50 10 7.3 +3.7
DIVG Invesco S&P 500 High Dividend Growers ETF 1.8 39 21 5.3 +1.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.8 6 54 7.9 +4.2
MBOX Freedom Day Dividend ETF 1.7 39 21 7.4 +3.7
VBR Vanguard Small Cap Value ETF 1.7 7 53 8.5 +4.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 42 7.2 +3.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.6 24 36 7.6 +4.0
NUMV Nuveen ESG Mid-Cap Value ETF 1.6 31 29 6.4 +2.7
IWS iShares Russell Mid-Cap Value ETF 1.6 23 37 6.5 +2.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.6 29 31 7.4 +3.7
BDIV AAM Brentview Dividend Growth ETF 1.6 49 11 4.3 +0.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.5 65 -5 3.0 -0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.5 4 56 6.1 +2.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 5.7 +2.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.5 15 45 7.3 +3.6
HDUS Hartford Disciplined US Equity ETF 1.5 19 41 5.9 +2.2
ROSC Hartford Multifactor Small Cap ETF 1.5 34 26 9.0 +5.3
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 10 5.2 +1.6
IJT iShares S&P Small-Cap 600 Growth ETF 1.5 18 42 5.1 +1.4
XJR iShares ESG Screened S&P Small-Cap ETF 1.5 12 48 6.6 +2.9
SLYG SPDR S&P 600 Small Cap Growth ETF 1.4 15 45 5.1 +1.4
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 18 6.9 +3.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.4 15 45 5.3 +1.7
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 45 7.0 +3.3
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.8 +2.1
VOT Vanguard Mid-Cap Growth ETF 1.4 7 53 3.7 +0.0
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 54 8.4 +4.7
IJR iShares Core S&P Small Cap ETF 1.4 6 54 7.3 +3.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 40 6.6 +2.9
STXK Strive Small-Cap ETF 1.3 18 42 5.5 +1.8
SFYF SoFi Social 50 ETF 1.3 29 31 0.0 -3.6
VIOO Vanguard S&P Small-Cap 600 ETF 1.3 10 50 7.2 +3.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.3 3 57 7.4 +3.7
STXM Strive Mid-Cap ETF 1.3 18 42 3.6 -0.1
FLDZ RiverNorth Patriot ETF 1.3 75 -15 5.9 +2.3
AFLG First Trust Active Factor Large Cap ETF 1.3 55 5 6.2 +2.5
CGUS Capital Group Core Equity ETF 1.3 33 27 4.6 +1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 53 6.2 +2.6
IJS iShares S&P Small-Cap 600 Value ETF 1.2 18 42 9.4 +5.8
IWR iShares Russell Midcap ETF 1.2 19 41 5.8 +2.1
ULVM VictoryShares US Value Momentum ETF 1.2 20 40 7.2 +3.6
SCHM Schwab U.S. Mid-Cap ETF 1.2 4 56 6.7 +3.0
RITA ETFB Green SRI REITs ETF 1.2 50 10 2.4 -1.3
AUSF Global X Adaptive U.S. Factor ETF 1.2 27 33 9.2 +5.5
WDIV SPDR S&P Global Dividend ETF 1.2 40 20 9.6 +6.0
SLYV SPDR S&P 600 Small Cap Value ETF 1.2 15 45 9.5 +5.8
SCHA Schwab U.S. Small-Cap ETF 1.2 4 56 5.3 +1.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.2 15 45 9.3 +5.6
SIXS ETC 6 Meridian Small Cap Equity ETF 1.2 89 -29 9.4 +5.8
SDIV Global X Superdividend ETF 1.1 58 2 13.9 +10.2
VXF Vanguard Extended Market ETF 1.1 6 54 4.5 +0.8
PSC Principal U.S. Small-Cap ETF 1.1 38 22 6.9 +3.3
VB Vanguard Small-Cap ETF 1.1 5 55 5.7 +2.1
VO Vanguard Mid-Cap ETF 1.1 4 56 5.6 +2.0
ROE Astoria US Quality Kings ETF 1.1 49 11 7.0 +3.3
EES WisdomTree U.S. SmallCap Fund 1.1 38 22 9.1 +5.5
CGDV Capital Group Dividend Value ETF 1.1 33 27 4.9 +1.2
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 20 7.0 +3.4
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 5.6 +2.0
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 2.8 -0.9
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 56 6.0 +2.3
FVAL Fidelity Value Factor ETF 1.0 15 45 7.3 +3.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 21 4.0 +0.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.0 12 48 8.1 +4.4
FNDA Schwab Fundamental US Small Co. Index ETF 1.0 25 35 6.6 +2.9
RSSL Global X Russell 2000 ETF 1.0 8 52 3.6 -0.1
DTD WisdomTree U.S. Total Dividend Fund 1.0 28 32 6.2 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 56 5.9 +2.2
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 7.9 +4.3
JVAL JPMorgan U.S. Value Factor ETF 0.9 12 48 8.5 +4.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 4.0 +0.3
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 7.8 +4.1
VOE Vanguard Mid-Cap Value ETF 0.9 7 53 7.2 +3.6
FYT First Trust Small Cap Value AlphaDEX Fund 0.9 73 -13 9.9 +6.2
NIXT Research Affiliates Deletions ETF 0.9 9 51 3.8 +0.1
IWM iShares Russell 2000 ETF 0.9 19 41 3.6 -0.0
VTWO Vanguard Russell 2000 ETF 0.9 10 50 3.8 +0.1
ROUS Hartford Multifactor US Equity ETF 0.9 19 41 7.2 +3.6
FLRG Fidelity U.S. Multifactor ETF 0.9 15 45 7.1 +3.4
EZM WisdomTree U.S. MidCap Fund 0.9 38 22 9.3 +5.7
STXV Strive 1000 Value ETF 0.8 18 42 7.5 +3.8
IWC iShares Micro-Cap ETF 0.8 60 0 -1.1 -4.7
MAGA Point Bridge America First ETF 0.8 72 -12 6.5 +2.8
AFSM First Trust Active Factor Small Cap ETF 0.8 75 -15 7.0 +3.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.8 20 40 7.4 +3.7
SFYX SoFi Next 500 ETF 0.8 0 60 3.6 -0.1
SIZE iShares MSCI USA Size Factor ETF 0.8 15 45 5.8 +2.1
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 21 8.5 +4.8
FELV Fidelity Enhanced Large Cap Value ETF 0.8 18 42 6.8 +3.1
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 51 6.0 +2.3
PY Principal Value ETF 0.8 15 45 7.1 +3.5
REVS Columbia Research Enhanced Value ETF 0.8 19 41 7.6 +4.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.8 15 45 5.8 +2.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -11 1.1 -2.6
FLQL Franklin LibertyQ U.S. Equity ETF 0.7 15 45 5.7 +2.1
SPVU Invesco S&P 500 Enhanced Value ETF 0.7 13 47 10.5 +6.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 54 2.7 -0.9
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.7 5 55 7.1 +3.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 -1 5.9 +2.2
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 43 6.0 +2.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 32 5.9 +2.2
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 7.6 +3.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.7 70 -10 2.8 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 6.5 +2.8
SMMD iShares Russell 2500 ETF 0.7 15 45 6.2 +2.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.7 15 45 6.0 +2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 15 45 6.0 +2.3
CALF Pacer US Small Cap Cash Cows 100 ETF 0.7 59 1 12.0 +8.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 51 6.1 +2.5
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.6 60 0 1.2 -2.5
WLDR Affinity World Leaders Equity ETF 0.6 67 -7 8.3 +4.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.6 35 25 10.9 +7.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.6 10 50 4.2 +0.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 48 6.5 +2.9
VONV Vanguard Russell 1000 Value ETF 0.6 8 52 6.6 +2.9
IWD iShares Russell 1000 Value ETF 0.6 19 41 6.5 +2.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -10 12.3 +8.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 10 8.3 +4.7
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.5 60 0 6.4 +2.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 5.5 +1.9
IUSV iShares Core S&P US Value ETF 0.5 4 56 6.5 +2.8
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 10.7 +7.0
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 6.8 +3.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 43 5.7 +2.0
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -46 10.9 +7.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 45 6.0 +2.3
SVAL iShares US Small Cap Value Factor ETF 0.5 20 40 11.0 +7.3
ISMD Inspire Small/Mid Cap ETF 0.5 54 6 4.7 +1.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.4 +1.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.4 35 25 3.7 +0.1
ETHO Etho Climate Leadership U.S. ETF 0.4 47 13 5.5 +1.8
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 48 7.2 +3.5
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.3 +2.7
AIEQ AI Powered Equity ETF 0.4 75 -15 4.1 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 40 6.8 +3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 0 8.2 +4.5
NUSC Nuveen ESG Small-Cap ETF 0.4 31 29 5.3 +1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 30 7.0 +3.3
FQAL Fidelity Quality Factor ETF 0.4 15 45 5.9 +2.2
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 43 6.9 +3.2
APUE ActivePassive U.S. Equity ETF 0.4 45 15 4.9 +1.3
BIBL Inspire 100 ETF 0.4 35 25 4.7 +1.0
ILCV iShares Morningstar Value ETF 0.4 4 56 6.7 +3.0
FELC Fidelity Enhanced Large Cap Core ETF 0.4 18 42 5.6 +2.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.4 39 21 10.3 +6.6
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -5 5.0 +1.3
IVE iShares S&P 500 Value ETF 0.4 18 42 6.2 +2.6
VOOV Vanguard S&P 500 Value ETF 0.4 10 50 6.3 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 56 6.4 +2.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 54 4.1 +0.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 48 5.9 +2.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -4 2.4 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 7.0 +3.3
TMFX Motley Fool Next Index ETF 0.3 50 10 3.2 -0.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 46 5.2 +1.6
FDLO Fidelity Low Volatility Factor ETF 0.3 15 45 5.4 +1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -7 10.1 +6.4
PFM Invesco Dividend Achievers ETF 0.3 53 7 5.3 +1.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 10.2 +6.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.9 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 5.6 +1.9
VBK Vanguard Small-Cap Growth ETF 0.3 7 53 1.7 -1.9
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 5.3 +1.6
VTV Vanguard Value ETF 0.3 4 56 6.9 +3.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 45 4.3 +0.6
DIVB iShares Core Dividend ETF 0.3 5 55 7.7 +4.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 5.3 +1.6
VTHR Vanguard Russell 3000 ETF 0.3 10 50 5.2 +1.5
RECS Columbia Research Enhanced Core ETF 0.3 15 45 6.2 +2.5
BLES Inspire Global Hope ETF 0.3 61 -1 6.8 +3.2
IWV iShares Russell 3000 ETF 0.3 20 40 5.0 +1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 5.2 +1.5
VTI Vanguard Total Stock Market ETF 0.3 3 57 5.2 +1.5
VEGN US Vegan Climate ETF 0.3 60 0 4.6 +0.9
PTL Inspire 500 ETF 0.3 9 51 5.4 +1.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 57 5.5 +1.8
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 48 5.0 +1.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 4.6 +1.0
GSPY Gotham Enhanced 500 ETF 0.3 50 10 5.5 +1.8
SCHK Schwab 1000 Index ETF 0.3 5 55 5.3 +1.7
VONE Vanguard Russell 1000 ETF 0.3 8 52 5.3 +1.6
IWB iShares Russell 1000 ETF 0.3 15 45 5.2 +1.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 5.2 +1.5
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 5.6 +1.9
IYY iShares Dow Jones U.S. ETF 0.3 20 40 5.1 +1.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 51 5.6 +1.9
HLGE Hartford Longevity Economy ETF 0.3 44 16 5.5 +1.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 52 5.3 +1.6
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 5.0 +1.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 53 5.2 +1.6
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 18 4.1 +0.5
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 5.3 +1.7
PBUS Invesco MSCI USA ETF 0.2 4 56 5.2 +1.5
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 5.2 +1.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 5.1 +1.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 9.8 +6.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 5.4 +1.7
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 6.1 +2.4
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 6.1 +2.4
SFY SoFi Select 500 ETF 0.2 0 60 4.8 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 5.3 +1.6
VOTE TCW Transform 500 ETF 0.2 5 55 5.2 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.4 +0.7
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 5.1 +1.5
VV Vanguard Large-Cap ETF 0.2 4 56 5.2 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 6.0 +2.4
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 40 5.2 +1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 5.2 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 4.7 +1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 5.0 +1.4
VT Vanguard Total World Stock ETF 0.2 7 53 6.3 +2.6
IVV iShares Core S&P 500 ETF 0.2 3 57 5.3 +1.6
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 58 5.3 +1.7
SPY SPDR S&P 500 ETF Trust 0.2 9 51 5.2 +1.6
VOO Vanguard S&P 500 ETF 0.2 3 57 5.3 +1.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 5.3 +1.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 5.2 +1.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 30 8.6 +5.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.5 +1.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 7.3 +3.6
STRV Strive 500 ETF 0.2 5 55 5.2 +1.5
TOK iShares MSCI Kokusai ETF 0.2 26 34 5.2 +1.5
RVRB Reverb ETF 0.2 30 30 3.7 +0.1
URTH iShares MSCI World ETF 0.2 24 36 5.5 +1.8
ACWI iShares MSCI ACWI ETF 0.1 32 28 6.0 +2.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 4.5 +0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 +2.8
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.1 65 -5 5.4 +1.7
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 6.6 +2.9
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.1 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.8 +2.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 7.4 +3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 5.1 +1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 6.5 +2.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 5.1 +1.4
VUG Vanguard Growth ETF 0.1 4 56 4.3 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 5.4 +1.8
ILCG iShares Morningstar Growth ETF 0.1 4 56 4.1 +0.5
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 4.9 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 6.1 +2.4
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 6.0 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.9 +2.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 7.0 +3.3
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 31 7.3 +3.6
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 5.0 +1.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 35 6.0 +2.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 4.3 +0.6
IWO iShares Russell 2000 Growth ETF 0.0 24 36 1.5 -2.2
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 45 1.5 -2.1
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 4.7 +1.0
ACVF American Conservative Values ETF 0.0 75 -15 4.5 +0.8
FESM Fidelity Enhanced Small Cap ETF 0.0 28 32 3.8 +0.2
GLOF iShares Global Equity Factor ETF 0.0 20 40 6.8 +3.1
HKND Humankind US Stock ETF 0.0 11 49 7.5 +3.8
STXG Strive 1000 Growth ETF 0.0 18 42 4.2 +0.6

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 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.