NETLease Corporate Real Estate ETF
ALTAR
Score™		 9.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 11.1x P/Sales
ratio		 4.5x
P/BV
ratio		 1.0x Div.
yield		 6.9%


  • 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) $53
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 21
Wgt avg mkt cap (mns) $6,203
Large cap (>$10bn) 27.0%
Mid cap ($2-10bn) 40.2%
Small cap (<$2bn) 32.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REALTY INCOME CORP 8.2 %
WP CAREY INC 8.0 %
NATIONAL RETAIL PROPERTIES 7.9 %
STAG INDUSTRIAL INC 7.5 %
VICI PROPERTIES INC 7.5 %
ESSENTIAL PROPERTIES REALTY TRUST, 4.3 %
GLADSTONE COMMERCIAL CORP 4.3 %
AGREE REALTY CORP 4.1 %
GETTY REALTY CORP 4.1 %
NETSTREIT CORP. 4.1 %
Total 59.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.7% 0.3% -- -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.97 71%
MSCI EAFE 0.95 63%
MSCI Emg. Mkts. 0.64 30%

Technical Indicators
Recent close $22.57
30d moving avg. $22.94
Annualized volatility 20.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.9%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $852

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 341 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™: 9.7%


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
(%)
KBWY Invesco KBW Premium Yield Equity REIT ETF 29.4 35 25 20.0 +10.4
RDOG ALPS REIT Dividend Dogs ETF 20.5 35 25 17.1 +7.5
REAI Intelligent Real Estate ETF 17.0 59 1 7.4 -2.3
SRET Global X SuperDividend REIT ETF 16.7 59 1 10.1 +0.5
FRI First Trust S&P REIT Index Fund 14.2 50 10 7.1 -2.6
USRT iShares Core U.S. REIT ETF 13.9 8 52 7.5 -2.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 12.8 11 49 7.5 -2.1
DFAR Dimensional US Real Estate ETF 12.2 19 41 7.4 -2.2
SCHH Schwab U.S. REIT ETF 12.1 7 53 7.7 -2.0
JRE Janus Henderson U.S. Real Estate ETF 11.6 65 -5 6.4 -3.3
RIET Hoya Capital High Dividend Yield ETF 11.4 50 10 14.5 +4.8
INDS Pacer Industrial Real Estate ETF 11.0 55 5 6.2 -3.5
RWR SPDR Dow Jones REIT ETF 10.8 25 35 7.2 -2.5
PPTY US Diversified Real Estate ETF 10.8 53 7 6.7 -2.9
BJK VanEck Gaming ETF 10.6 65 -5 1.8 -7.8
CRED Columbia Research Enhanced Real Estate ETF 10.6 33 27 7.7 -2.0
IYR iShares U.S. Real Estate ETF 10.5 40 20 7.2 -2.4
REET iShares Global REIT ETF 10.1 14 46 7.1 -2.5
FREL Fidelity MSCI Real Estate Index ETF 10.0 8 52 7.3 -2.4
ICF iShares Cohen & Steers REIT ETF 9.8 33 27 7.0 -2.7
DFGR Dimensional Global Real Estate ETF 9.0 22 38 7.1 -2.6
VNQ Vanguard Real Estate ETF 8.8 12 48 7.3 -2.4
AVRE Avantis Real Estate ETF 8.3 17 43 6.6 -3.0
XLRE Real Estate Select Sector SPDR Fund 8.0 9 51 7.0 -2.7
BYRE Principal Real Estate Active Opportunities ETF 7.6 65 -5 6.3 -3.4
RWO SPDR Dow Jones Global Real Estate ETF 7.5 50 10 6.9 -2.7
XMLV Invesco S&P MidCap Low Volatility ETF 7.4 25 35 6.8 -2.8
BEDZ AdvisorShares Hotel ETF 7.3 100 -40 2.9 -6.8
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.2 60 0 3.9 -5.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 7.0 27 33 8.4 -1.3
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.8 40 20 7.1 -2.6
PSR Invesco Active U.S. Real Estate Fund 6.7 35 25 7.8 -1.9
ERET iShares Environmentally Aware Real Estate ETF 6.3 30 30 7.3 -2.4
VICE AdvisorShares Vice ETF 5.8 99 -39 7.5 -2.1
BLDG Cambria Global Real Estate ETF 5.2 60 0 9.4 -0.3
VRAI Virtus Real Asset Income ETF 5.0 55 5 8.6 -1.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 4.9 30 30 12.3 +2.7
PSCF Invesco S&P SmallCap Financials ETF 4.9 29 31 10.2 +0.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.9 80 -20 6.5 -3.1
SCAP InfraCap Small Cap Income ETF 4.7 135 -75 7.2 -2.4
FPRO Fidelity Real Estate Investment ETF 4.3 59 1 6.1 -3.6
GQRE FlexShares Global Quality Real Estate Index Fund 4.3 45 15 6.9 -2.8
ICAP InfraCap Equity Income Fund ETF 4.3 171 -111 6.8 -2.9
PZLD Puzzle Divdend Leaders 4.1 0 60 7.5 -2.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.1 30 30 9.1 -0.6
IQRA IQ CBRE Real Assets ETF 4.0 65 -5 5.9 -3.7
JPRE JPMorgan Realty Income ETF 4.0 50 10 6.9 -2.8
XSLV Invesco S&P SmallCap Low Volatility ETF 4.0 25 35 6.9 -2.8
MJ ETFMG Alternative Harvest ETFMG Alternative Harvest 3.9 75 -15 -35.0 -44.6
CNBS Amplify Seymour Cannabis ETF 3.9 75 -15 -28.0 -37.7
TOKE Cambria Cannabis ETF 3.9 42 18 -6.2 -15.8
GK AdvisorShares Gerber Kawasaki ETF 3.8 75 -15 3.2 -6.4
IVRA Invesco Real Assets ESG ETF 3.1 59 1 7.1 -2.6
JHDV John Hancock U.S. High Dividend ETF 3.1 34 26 6.5 -3.2
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.9 69 -9 8.3 -1.3
FDVV Fidelity High Dividend ETF 2.9 15 45 8.9 -0.7
KONG Formidable Fortress ETF 2.9 89 -29 6.2 -3.5
ROOF IQ CBRE NextGen Real Estate ETF 2.8 60 0 7.9 -1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 2.7 18 42 8.2 -1.4
MDYV SPDR S&P 400 Mid Cap Value ETF 2.7 15 45 8.2 -1.4
DES WisdomTree U.S. SmallCap Dividend Fund 2.7 38 22 8.1 -1.5
OSCV Opus Small Cap Value ETF 2.6 79 -19 6.4 -3.3
SDY SPDR S&P Dividend ETF 2.6 35 25 6.3 -3.4
TMFS Motley Fool Small-Cap Growth ETF 2.6 85 -25 3.6 -6.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.5 75 -15 4.9 -4.8
SPYD SPDR Portfolio S&P 500 High Dividend ETF 2.4 7 53 9.4 -0.3
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.4 15 45 7.0 -2.7
DON WisdomTree U.S. MidCap Dividend Fund 2.3 38 22 8.6 -1.1
DEW WisdomTree Global High Dividend Fund 2.3 58 2 9.1 -0.6
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.2 60 0 6.4 -3.2
UDI USCF Dividend Income Fund 2.1 65 -5 7.4 -2.2
XJH iShares ESG Screened S&P Mid-Cap ETF 2.1 12 48 6.8 -2.8
BGIG Bahl & Gaynor Income Growth ETF 2.0 45 15 5.3 -4.4
SIXS ETC 6 Meridian Small Cap Equity ETF 2.0 89 -29 9.0 -0.6
JRNY ALPS Global Travel Beneficiaries ETF 2.0 65 -5 0.0 -9.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 20 6.6 -3.0
SDIV Global X Superdividend ETF 1.9 58 2 17.6 +8.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.9 24 36 8.0 -1.7
MDY SPDR S&P Midcap 400 ETF Trust 1.9 23 37 6.8 -2.9
DIV Global X SuperDividend US ETF 1.8 45 15 7.8 -1.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.8 20 40 4.5 -5.1
IJH iShares Core S&P Mid-Cap ETF 1.8 5 55 6.9 -2.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.8 3 57 7.0 -2.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.8 25 35 5.8 -3.9
SPLV Invesco S&P 500 Low Volatility ETF 1.8 25 35 5.7 -4.0
ALTL Pacer Lunt Large Cap Alternator ETF 1.8 60 0 5.3 -4.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.7 24 36 7.8 -1.8
AFMC First Trust Active Factor Mid Cap ETF 1.7 65 -5 7.5 -2.2
MJUS ETFMG U.S. Alternative Harvest ETF 1.7 76 -16 -0.5 -10.2
CVY Invesco Zacks Multi-Asset Income ETF 1.6 106 -46 8.9 -0.8
MGMT Ballast Small/Mid Cap ETF 1.6 110 -50 7.8 -1.8
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.6 60 0 8.0 -1.6
SLYV SPDR S&P 600 Small Cap Value ETF 1.6 15 45 9.4 -0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.6 15 45 8.7 -1.0
IJS iShares S&P Small-Cap 600 Value ETF 1.6 18 42 9.3 -0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.6 29 31 7.4 -2.3
IWS iShares Russell Mid-Cap Value ETF 1.6 23 37 6.6 -3.1
FUNL CornerCap Fundametrics Large-Cap ETF 1.6 50 10 7.0 -2.7
YOLO AdvisorShares Pure Cannabis ETF 1.5 103 -43 -27.6 -37.3
IWN iShares Russell 2000 Value ETF 1.5 24 36 5.6 -4.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.5 15 45 7.1 -2.6
VTWV Vanguard Russell 2000 Value ETF 1.5 15 45 5.8 -3.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.4 65 -5 3.8 -5.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.4 18 42 7.6 -2.1
VBR Vanguard Small Cap Value ETF 1.4 7 53 8.2 -1.5
XJR iShares ESG Screened S&P Small-Cap ETF 1.4 12 48 7.7 -1.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 25 6.0 -3.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.3 15 45 7.6 -2.0
ISCV iShares Morningstar Small Cap Value ETF 1.3 6 54 8.1 -1.5
ESIX SPDR S&P SmallCap 600 ESG ETF 1.3 12 48 7.8 -1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 1.3 10 50 6.9 -2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.3 15 45 6.4 -3.2
VIOO Vanguard S&P Small-Cap 600 ETF 1.3 10 50 7.8 -1.9
IMCV iShares Morningstar Mid-Cap Value ETF 1.3 6 54 7.9 -1.7
WDIV SPDR S&P Global Dividend ETF 1.3 40 20 10.2 +0.6
SMLE Xtrackers S&P SmallCap 600 ESG ETF 1.3 15 45 7.6 -2.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 57 8.2 -1.4
IJR iShares Core S&P Small Cap ETF 1.2 6 54 8.2 -1.5
SPRE SP Funds S&P Global REIT Sharia ETF 1.2 55 5 5.4 -4.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.2 39 21 10.6 +0.9
RNSC Furst Trust Small Cap US Equity Select ETF 1.2 60 0 8.4 -1.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 8.2 -1.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.2 30 30 8.0 -1.7
HUSV First Trust Horizon Managed Volatility Domestic ETF 1.2 70 -10 5.0 -4.7
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 6.0 -3.7
VOT Vanguard Mid-Cap Growth ETF 1.2 7 53 4.2 -5.5
SIXL ETC 6 Meridian Low Beta Equity ETF 1.1 80 -20 5.1 -4.6
VOE Vanguard Mid-Cap Value ETF 1.1 7 53 7.4 -2.2
RITA ETFB Green SRI REITs ETF 1.1 50 10 6.0 -3.7
FLDZ RiverNorth Patriot ETF 1.1 75 -15 5.8 -3.9
IWR iShares Russell Midcap ETF 1.1 19 41 5.7 -4.0
ROSC Hartford Multifactor Small Cap ETF 1.1 34 26 10.1 +0.5
ONEY SPDR Russell 1000 Yield Focus ETF 1.1 20 40 10.0 +0.3
VO Vanguard Mid-Cap ETF 1.1 4 56 5.8 -3.8
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 6.3 -3.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.1 7 53 5.7 -3.9
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 18 6.2 -3.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.0 10 50 4.8 -4.8
PSC Principal U.S. Small-Cap ETF 1.0 38 22 6.6 -3.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.0 12 48 7.3 -2.3
SCHA Schwab U.S. Small-Cap ETF 1.0 4 56 4.9 -4.8
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 5.3 -4.3
USMF WisdomTree U.S. Multifactor Fund 1.0 28 32 6.9 -2.7
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 56 6.1 -3.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.0 4 56 6.1 -3.5
VXF Vanguard Extended Market ETF 1.0 6 54 3.9 -5.7
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 43 5.8 -3.9
DHS WisdomTree U.S. High Dividend Fund 1.0 38 22 8.8 -0.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.0 15 45 5.8 -3.8
RNMC First Trust Mid Cap US Equity Select ETF 0.9 60 0 7.9 -1.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 45 6.9 -2.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.9 4 56 5.7 -3.9
CZA Invesco Zacks Mid-Cap ETF 0.9 72 -12 6.3 -3.3
VB Vanguard Small-Cap ETF 0.9 5 55 5.4 -4.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 4.0 -5.7
FYT First Trust Small Cap Value AlphaDEX Fund 0.9 73 -13 11.7 +2.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 4.5 -5.1
ULVM VictoryShares US Value Momentum ETF 0.9 20 40 7.4 -2.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 42 7.0 -2.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 7.1 -2.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 25 7.5 -2.2
SMCP AlphaMark Actively Managed Small Cap ETF 0.9 90 -30 6.8 -2.8
DTD WisdomTree U.S. Total Dividend Fund 0.9 28 32 6.5 -3.1
FSMD Fidelity Small-Mid Multifactor ETF 0.8 15 45 7.6 -2.0
STXK Strive Small-Cap ETF 0.8 18 42 5.5 -4.1
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 20 7.2 -2.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.8 15 45 7.4 -2.2
AFLG First Trust Active Factor Large Cap ETF 0.8 55 5 6.2 -3.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 61 -1 7.2 -2.5
FLRG Fidelity U.S. Multifactor ETF 0.8 15 45 7.7 -1.9
HDUS Hartford Disciplined US Equity ETF 0.8 19 41 6.2 -3.4
JVAL JPMorgan U.S. Value Factor ETF 0.8 12 48 8.4 -1.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.8 25 35 6.8 -2.8
CGUS Capital Group Core Equity ETF 0.8 33 27 4.7 -5.0
IWM iShares Russell 2000 ETF 0.8 19 41 3.6 -6.1
FQAL Fidelity Quality Factor ETF 0.8 15 45 5.9 -3.7
STXV Strive 1000 Value ETF 0.8 18 42 7.8 -1.8
VTWO Vanguard Russell 2000 ETF 0.8 10 50 3.9 -5.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 51 6.0 -3.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.7 59 1 8.2 -1.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 54 4.3 -5.4
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.7 10 50 4.9 -4.8
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 7.9 -1.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 54 2.5 -7.2
PY Principal Value ETF 0.7 15 45 7.5 -2.1
IWC iShares Micro-Cap ETF 0.7 60 0 -4.3 -14.0
FVAL Fidelity Value Factor ETF 0.7 15 45 7.5 -2.2
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 6.1 -3.5
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.6 60 0 6.7 -3.0
KOCG FIS Knights of Columbus Global Belief ETF 0.6 75 -15 5.3 -4.4
ROUS Hartford Multifactor US Equity ETF 0.6 19 41 6.4 -3.2
EZM WisdomTree U.S. MidCap Fund 0.6 38 22 8.1 -1.5
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 18 6.6 -3.1
GLIF AGF Global Infrastructure ETF 0.6 45 15 5.5 -4.2
SIZE iShares MSCI USA Size Factor ETF 0.6 15 45 6.0 -3.7
MAGA Point Bridge America First ETF 0.6 72 -12 6.3 -3.3
SFYX SoFi Next 500 ETF 0.6 0 60 5.6 -4.1
DLN WisdomTree U.S. LargeCap Dividend Fund 0.6 28 32 6.2 -3.4
FDM First Trust Dow Jones Select MicroCap Index Fund 0.6 60 0 7.9 -1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 40 6.7 -2.9
SMMD iShares Russell 2500 ETF 0.6 15 45 6.0 -3.7
IWD iShares Russell 1000 Value ETF 0.6 19 41 6.6 -3.1
ISMD Inspire Small/Mid Cap ETF 0.6 54 6 6.1 -3.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.6 17 43 5.4 -4.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -7 9.2 -0.4
EES WisdomTree U.S. SmallCap Fund 0.5 38 22 10.3 +0.7
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 2 5.0 -4.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 10 7.9 -1.8
VONV Vanguard Russell 1000 Value ETF 0.5 8 52 6.7 -2.9
IUSV iShares Core S&P US Value ETF 0.5 4 56 6.8 -2.8
REVS Columbia Research Enhanced Value ETF 0.5 19 41 7.7 -1.9
AFSM First Trust Active Factor Small Cap ETF 0.5 75 -15 7.6 -2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -11 0.9 -8.8
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 6.7 -3.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.4 -4.3
QLV FlexShares US Quality Low Volatility Index Fund 0.4 22 38 5.2 -4.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 5.8 -3.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 40 8.0 -1.7
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.4 79 -19 6.2 -3.4
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.2 -3.4
TMFX Motley Fool Next Index ETF 0.4 50 10 3.4 -6.3
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 30 9.3 -0.4
IVE iShares S&P 500 Value ETF 0.4 18 42 6.6 -3.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 56 6.7 -2.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 35 8.8 -0.8
SMDY Syntax Stratified MidCap ETF 0.4 35 25 6.3 -3.3
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 11.4 +1.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 45 6.3 -3.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 1 5.6 -4.1
ETHO Etho Climate Leadership U.S. ETF 0.4 47 13 4.1 -5.6
FDLO Fidelity Low Volatility Factor ETF 0.4 15 45 5.5 -4.2
SSLY Syntax Stratified SmallCap ETF 0.4 40 20 7.5 -2.2
FLQL Franklin LibertyQ U.S. Equity ETF 0.3 15 45 6.0 -3.6
WLDR Affinity World Leaders Equity ETF 0.3 67 -7 8.5 -1.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 48 4.8 -4.8
BIBL Inspire 100 ETF 0.3 35 25 4.8 -4.8
PFM Invesco Dividend Achievers ETF 0.3 53 7 5.7 -4.0
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 7.3 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 21 8.9 -0.7
VTV Vanguard Value ETF 0.3 4 56 7.0 -2.6
SFY SoFi Select 500 ETF 0.3 0 60 5.2 -4.5
APUE ActivePassive U.S. Equity ETF 0.3 45 15 5.0 -4.7
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.3 25 35 11.1 +1.4
VBK Vanguard Small-Cap Growth ETF 0.3 7 53 1.5 -8.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.7 -4.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 45 4.9 -4.8
ILCV iShares Morningstar Value ETF 0.3 4 56 6.7 -3.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 5.2 -4.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 5.1 -4.5
IWV iShares Russell 3000 ETF 0.3 20 40 5.0 -4.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 57 5.4 -4.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 8.7 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 5.8 -3.8
VOOV Vanguard S&P 500 Value ETF 0.3 10 50 5.5 -4.1
VTHR Vanguard Russell 3000 ETF 0.3 10 50 5.1 -4.6
VEGN US Vegan Climate ETF 0.3 60 0 4.7 -5.0
VTI Vanguard Total Stock Market ETF 0.3 3 57 5.1 -4.6
IWB iShares Russell 1000 ETF 0.3 15 45 5.1 -4.5
IYY iShares Dow Jones U.S. ETF 0.3 20 40 5.1 -4.6
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 5.6 -4.0
SCHK Schwab 1000 Index ETF 0.3 5 55 5.3 -4.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 40 7.1 -2.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 5.7 -4.0
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 48 5.5 -4.1
VONE Vanguard Russell 1000 ETF 0.2 8 52 5.2 -4.4
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 48 7.1 -2.5
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 5.3 -4.4
DEUS Xtrackers Russell US Multifactor ETF 0.2 17 43 7.1 -2.6
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 53 5.2 -4.5
PBUS Invesco MSCI USA ETF 0.2 4 56 5.3 -4.4
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 5.3 -4.4
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 5.1 -4.6
BLES Inspire Global Hope ETF 0.2 61 -1 6.3 -3.3
STRV Strive 500 ETF 0.2 5 55 5.2 -4.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 5.1 -4.5
VOTE TCW Transform 500 ETF 0.2 5 55 5.2 -4.4
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 25 5.4 -4.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 5.2 -4.4
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 5.1 -4.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 5.3 -4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 5.3 -4.4
VV Vanguard Large-Cap ETF 0.2 4 56 5.2 -4.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 5.2 -4.5
DIVB iShares Core Dividend ETF 0.2 5 55 8.0 -1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 5.2 -4.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 5.1 -4.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 5.3 -4.4
IVV iShares Core S&P 500 ETF 0.2 3 57 5.3 -4.4
SPY SPDR S&P 500 ETF Trust 0.2 9 51 5.2 -4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 30 7.6 -2.1
RECS Columbia Research Enhanced Core ETF 0.2 15 45 5.6 -4.0
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 58 5.3 -4.4
RVRB Reverb ETF 0.2 30 30 5.0 -4.7
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 40 5.0 -4.7
TOK iShares MSCI Kokusai ETF 0.2 26 34 5.3 -4.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.5 -4.2
VT Vanguard Total World Stock ETF 0.2 7 53 5.8 -3.8
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 6.3 -3.4
ILCG iShares Morningstar Growth ETF 0.2 4 56 4.1 -5.6
URTH iShares MSCI World ETF 0.2 24 36 5.4 -4.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.2 70 -10 1.8 -7.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 9.4 -0.2
VOO Vanguard S&P 500 ETF 0.2 3 57 5.3 -4.3
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 33 9.0 -0.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 35 7.1 -2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.3 -3.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -4 2.1 -7.6
GSPY Gotham Enhanced 500 ETF 0.1 50 10 5.3 -4.4
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.5 -4.2
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 6.5 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 5.1 -4.6
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 5.1 -4.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 9.1 -0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 35 6.1 -3.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 7.1 -2.5
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 6.0 -3.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 4.5 -5.2
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.6 -4.1
IEDI iShares U.S. Consumer Focused ETF 0.1 18 42 5.0 -4.7
VUG Vanguard Growth ETF 0.1 4 56 4.3 -5.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 0 6.0 -3.6
SQEW LeaderShares Equity Skew ETF 0.1 81 -21 6.1 -3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.7 -3.9
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 5.2 -4.5
VOOG Vanguard S&P 500 Growth ETF 0.1 10 50 5.5 -4.2
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.7 -3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 5.6 -4.1
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 45 1.7 -7.9
IWO iShares Russell 2000 Growth ETF 0.1 24 36 1.4 -8.2
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 4.6 -5.0
HKND Humankind US Stock ETF 0.1 11 49 7.0 -2.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -15 3.8 -5.9
RWL Invesco S&P 500 Revenue ETF 0.0 39 21 6.6 -3.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.0 9 51 5.0 -4.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.9 -5.8
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 5.5 -4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 6.1 -3.6
ACVF American Conservative Values ETF 0.0 75 -15 4.4 -5.3
GLOF iShares Global Equity Factor ETF 0.0 20 40 7.1 -2.6
HLGE Hartford Longevity Economy ETF 0.0 44 16 6.6 -3.1
STXG Strive 1000 Growth ETF 0.0 18 42 4.2 -5.4

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:		 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 10.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.55
 
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.