NETLease Corporate Real Estate ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 12.6x P/Sales
ratio		 5.1x
P/BV
ratio		 1.1x Div.
yield		 6.0%


  • 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) $50
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) $6,977
Large cap (>$10bn) 27.2%
Mid cap ($2-10bn) 43.9%
Small cap (<$2bn) 28.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VICI PROPERTIES INC 8.0 %
WP CAREY INC 7.9 %
REALTY INCOME CORP 7.7 %
NATIONAL RETAIL PROPERTIES 7.6 %
STAG INDUSTRIAL INC 7.6 %
GLADSTONE COMMERCIAL CORP 4.7 %
AGREE REALTY CORP 4.4 %
ESSENTIAL PROPERTIES REALTY TRUST, 4.4 %
ONE LIBERTY PROPERTIES INC 4.2 %
GETTY REALTY CORP 4.2 %
Total 60.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %










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.
6.5% 28.1% 2.5% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.93 64%
MSCI EAFE 0.92 66%
MSCI Emg. Mkts. 0.68 35%

Technical Indicators
Recent close $25.36
30d moving avg. $26.54
Annualized volatility 20.2%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $932

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 366 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™: 8.5%


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 31.0 35 25 16.8 +8.3
IRET iREIT - MarketVector Quality REIT Index ETF 21.1 60 0 6.2 -2.3
RDOG ALPS REIT Dividend Dogs ETF 19.8 35 25 16.8 +8.3
SRET Global X SuperDividend REIT ETF 19.1 59 1 9.7 +1.2
RIET Hoya Capital High Dividend Yield ETF 16.0 50 10 12.3 +3.7
BLDG Cambria Global Real Estate ETF 13.9 60 0 14.3 +5.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.6 11 49 6.3 -2.2
CRED Columbia Research Enhanced Real Estate ETF 13.6 33 27 7.0 -1.5
FRI First Trust S&P REIT Index Fund 13.2 50 10 5.9 -2.6
USRT iShares Core U.S. REIT ETF 12.9 8 52 6.3 -2.2
DFAR Dimensional US Real Estate ETF 11.7 19 41 6.3 -2.2
SCHH Schwab U.S. REIT ETF 11.7 7 53 6.5 -2.0
PSR Invesco Active U.S. Real Estate Fund 11.3 35 25 6.1 -2.5
FREL Fidelity MSCI Real Estate Index ETF 11.1 8 52 6.1 -2.4
REAI Intelligent Real Estate ETF 10.7 59 1 12.8 +4.3
BJK VanEck Gaming ETF 10.6 65 -5 1.4 -7.1
JRE Janus Henderson U.S. Real Estate ETF 10.6 65 -5 5.6 -3.0
VNQ Vanguard Real Estate ETF 10.2 12 48 6.2 -2.4
INDS Pacer Industrial Real Estate ETF 10.2 55 5 5.7 -2.9
PPTY US Diversified Real Estate ETF 10.1 53 7 5.6 -2.9
RWR SPDR Dow Jones REIT ETF 10.0 25 35 6.1 -2.4
ERET iShares Environmentally Aware Real Estate ETF 10.0 30 30 6.5 -2.1
IYR iShares U.S. Real Estate ETF 9.8 40 20 6.0 -2.5
REET iShares Global REIT ETF 9.5 14 46 6.2 -2.3
AVRE Avantis Real Estate ETF 9.1 17 43 5.9 -2.6
DFGR Dimensional Global Real Estate ETF 8.7 22 38 6.2 -2.3
XMLV Invesco S&P MidCap Low Volatility ETF 8.0 25 35 6.6 -2.0
ICF iShares Cohen & Steers REIT ETF 7.8 33 27 5.8 -2.8
BYRE Principal Real Estate Active Opportunities ETF 7.8 65 -5 5.3 -3.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.6 60 0 6.4 -2.1
XLRE Real Estate Select Sector SPDR Fund 7.5 9 51 5.9 -2.6
BEDZ AdvisorShares Hotel ETF 7.4 100 -40 1.7 -6.8
RWO SPDR Dow Jones Global Real Estate ETF 7.4 50 10 6.1 -2.4
GQRE FlexShares Global Quality Real Estate Index Fund 6.9 45 15 5.9 -2.6
JPRE JPMorgan Realty Income ETF 6.9 50 10 5.4 -3.1
VICE AdvisorShares Vice ETF 6.4 99 -39 5.0 -3.5
FPRO Fidelity Real Estate Investment ETF 6.4 59 1 4.7 -3.9
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.2 40 20 6.1 -2.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.9 80 -20 5.8 -2.7
VRAI Virtus Real Asset Income ETF 5.9 55 5 8.0 -0.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 5.5 27 33 7.1 -1.4
DESK VanEck Office and Commercial REIT ETF 5.4 50 10 9.7 +1.2
IQRA IQ CBRE Real Assets ETF 5.4 65 -5 5.2 -3.3
SCAP InfraCap Small Cap Income ETF 5.3 135 -75 8.5 -0.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.6 30 30 8.2 -0.3
PSCF Invesco S&P SmallCap Financials ETF 4.5 29 31 8.5 -0.1
JHDV John Hancock U.S. High Dividend ETF 4.2 34 26 6.2 -2.3
XSLV Invesco S&P SmallCap Low Volatility ETF 4.1 25 35 6.8 -1.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.0 60 0 6.3 -2.2
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 3.9 69 -9 8.1 -0.4
CNBS Amplify Seymour Cannabis ETF 3.5 75 -15 -32.0 -40.5
MJUS ETFMG U.S. Alternative Harvest ETF 3.5 76 -16 3.5 -5.0
TOKE Cambria Cannabis ETF 3.5 42 18 1.8 -6.7
MJ ETFMG Alternative Harvest 3.5 75 -15 -42.4 -50.9
SMCP AlphaMark Actively Managed Small Cap ETF 3.5 90 -30 3.9 -4.6
KONG Formidable Fortress ETF 3.4 89 -29 5.5 -3.0
ROOF IQ CBRE NextGen Real Estate ETF 3.4 60 0 8.1 -0.4
ICAP InfraCap Equity Income Fund ETF 3.4 171 -111 6.0 -2.5
OSCV Opus Small Cap Value ETF 3.1 79 -19 5.7 -2.9
FDVV Fidelity High Dividend ETF 2.9 15 45 8.7 +0.2
DES WisdomTree U.S. SmallCap Dividend Fund 2.9 38 22 6.8 -1.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.9 30 30 10.0 +1.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.7 60 0 5.5 -3.0
SIXL ETC 6 Meridian Low Beta Equity ETF 2.7 80 -20 4.2 -4.3
SDY SPDR S&P Dividend ETF 2.7 35 25 5.9 -2.6
IJJ iShares S&P Mid-Cap 400 Value ETF 2.6 18 42 6.9 -1.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.6 15 45 6.9 -1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 2.5 15 45 7.0 -1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.5 15 45 7.0 -1.5
CGDG Capital Group Dividend Growers ETF 2.5 47 13 6.6 -1.9
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.5 75 -15 4.6 -3.9
ONEY SPDR Russell 1000 Yield Focus ETF 2.4 20 40 9.3 +0.8
DON WisdomTree U.S. MidCap Dividend Fund 2.4 38 22 7.7 -0.8
DEW WisdomTree Global High Dividend Fund 2.4 58 2 8.5 -0.0
SPYD SPDR Portfolio S&P 500 High Dividend ETF 2.3 7 53 8.8 +0.3
GDVD R3 Global Dividend Growth ETF 2.3 88 -28 5.5 -3.0
SDIV Global X Superdividend ETF 2.3 58 2 14.9 +6.4
UDI USCF Dividend Income Fund 2.2 65 -5 7.3 -1.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.2 40 20 6.2 -2.3
TMFS Motley Fool Small-Cap Growth ETF 2.1 85 -25 2.6 -6.0
DIV Global X SuperDividend US ETF 2.0 45 15 7.9 -0.7
AFMC First Trust Active Factor Mid Cap ETF 2.0 65 -5 6.9 -1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.0 24 36 7.3 -1.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.0 60 0 8.3 -0.2
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 48 6.5 -2.1
BGIG Bahl & Gaynor Income Growth ETF 1.9 45 15 5.0 -3.5
XSMO Invesco S&P SmallCap Momentum ETF 1.9 39 21 6.8 -1.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.8 25 35 5.2 -3.4
SPLV Invesco S&P 500 Low Volatility ETF 1.8 25 35 5.1 -3.4
ALTL Pacer Lunt Large Cap Alternator ETF 1.8 60 0 4.8 -3.7
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.8 15 45 6.8 -1.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.8 15 45 6.7 -1.8
MDY SPDR S&P Midcap 400 ETF Trust 1.8 24 36 6.2 -2.4
IJH iShares Core S&P Mid-Cap ETF 1.8 5 55 6.4 -2.2
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 31 6.4 -2.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.7 24 36 7.0 -1.5
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 10 50 6.4 -2.1
GDIV Harbor Dividend Growth Leaders ETF 1.7 50 10 5.8 -2.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 57 6.4 -2.2
MGMT Ballast Small/Mid Cap ETF 1.7 110 -50 7.1 -1.4
FUNL CornerCap Fundametrics Large-Cap ETF 1.7 50 10 6.7 -1.8
CZA Invesco Zacks Mid-Cap ETF 1.7 72 -12 5.6 -2.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.7 20 40 4.0 -4.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 42 7.2 -1.3
IWN iShares Russell 2000 Value ETF 1.6 24 36 4.8 -3.7
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 7.5 -1.0
IMCV iShares Morningstar Mid-Cap Value ETF 1.6 6 54 7.5 -1.0
VTWV Vanguard Russell 2000 Value ETF 1.6 15 45 4.9 -3.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.6 35 25 6.6 -2.0
GK AdvisorShares Gerber Kawasaki ETF 1.6 75 -15 3.3 -5.3
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 25 5.8 -2.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.6 29 31 6.5 -2.0
IJS iShares S&P Small-Cap 600 Value ETF 1.5 18 42 7.4 -1.1
ROSC Hartford Multifactor Small Cap ETF 1.5 34 26 8.6 +0.1
FMDE Fidelity Enhanced Mid Cap ETF 1.5 23 37 6.0 -2.5
FYC First Trust Small Cap Growth AlphaDEX Fund 1.5 71 -11 -0.5 -9.0
BDIV AAM Brentview Dividend Growth ETF 1.5 49 11 4.4 -4.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.5 15 45 7.4 -1.1
SLYV SPDR S&P 600 Small Cap Value ETF 1.5 15 45 7.4 -1.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.5 65 -5 2.7 -5.9
IWS iShares Russell Mid-Cap Value ETF 1.5 23 37 6.2 -2.3
XJR iShares ESG Screened S&P Small-Cap ETF 1.4 12 48 7.0 -1.6
WDIV SPDR S&P Global Dividend ETF 1.4 40 20 9.4 +0.8
VBR Vanguard Small Cap Value ETF 1.3 7 53 7.8 -0.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.3 39 21 5.8 -2.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.3 15 45 7.5 -1.1
SPRE SP Funds S&P Global REIT Sharia ETF 1.3 55 5 4.6 -3.9
IJR iShares Core S&P Small Cap ETF 1.3 6 54 6.6 -1.9
VOT Vanguard Mid-Cap Growth ETF 1.3 7 53 3.4 -5.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.3 70 -10 2.7 -5.8
FLOW Global X U.S. Cash Flow Kings 100 ETF 1.2 25 35 9.6 +1.1
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.2 -3.4
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 54 7.2 -1.3
PSC Principal U.S. Small-Cap ETF 1.2 38 22 5.9 -2.6
VIOO Vanguard S&P Small-Cap 600 ETF 1.2 10 50 6.6 -2.0
SIXS ETC 6 Meridian Small Cap Equity ETF 1.2 89 -29 8.2 -0.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 57 6.7 -1.9
BPTRX Baron Partners Retail 1.2 75 -15 3.6 -4.9
ERNZ TrueShares Active Yield ETF 1.2 75 -15 10.9 +2.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 53 5.3 -3.2
BKSE BNY Mellon US Small Cap Core Equity ETF 1.2 4 56 4.8 -3.8
RNSC Furst Trust Small Cap US Equity Select ETF 1.2 60 0 6.8 -1.7
SFYF SoFi Social 50 ETF 1.2 29 31 -2.2 -10.7
HDUS Hartford Disciplined US Equity ETF 1.1 19 41 5.9 -2.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.1 4 56 5.6 -2.9
IWR iShares Russell Midcap ETF 1.1 19 41 5.4 -3.1
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 6.0 -2.6
SCHA Schwab U.S. Small-Cap ETF 1.1 4 56 4.4 -4.1
VO Vanguard Mid-Cap ETF 1.1 4 56 5.3 -3.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.1 64 -4 1.8 -6.7
AFLG First Trust Active Factor Large Cap ETF 1.1 55 5 5.8 -2.7
EQAL Invesco Russell 1000 Equal Weight ETF 1.0 20 40 6.3 -2.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.0 9 51 3.3 -5.2
RITA ETFB Green SRI REITs ETF 1.0 50 10 4.9 -3.6
ULVM VictoryShares US Value Momentum ETF 1.0 20 40 7.0 -1.5
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 20 6.4 -2.1
VOE Vanguard Mid-Cap Value ETF 1.0 7 53 6.9 -1.6
STXK Strive Small-Cap ETF 1.0 18 42 5.0 -3.5
VXF Vanguard Extended Market ETF 1.0 6 54 3.5 -5.0
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 42 5.8 -2.8
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 4.8 -3.8
DHS WisdomTree U.S. High Dividend Fund 1.0 38 22 7.6 -1.0
STXM Strive Mid-Cap ETF 1.0 18 42 6.1 -2.5
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 56 5.7 -2.8
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 43 5.7 -2.8
ROE Astoria US Quality Kings ETF 0.9 49 11 7.2 -1.3
VGSR Vert Global Sustainable Real Estate ETF 0.9 47 13 5.6 -2.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 45 5.8 -2.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 5.8 -2.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -1 4.6 -4.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.9 15 45 5.7 -2.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.9 12 48 7.2 -1.4
CGUS Capital Group Core Equity ETF 0.9 33 27 4.4 -4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 4.1 -4.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.9 15 45 5.7 -2.8
IVRA Invesco Real Assets ESG ETF 0.9 59 1 5.4 -3.1
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.9 60 0 4.0 -4.6
FSMD Fidelity Small-Mid Multifactor ETF 0.9 15 45 6.8 -1.7
VB Vanguard Small-Cap ETF 0.9 5 55 4.9 -3.6
JVAL JPMorgan U.S. Value Factor ETF 0.9 12 48 7.8 -0.8
DTD WisdomTree U.S. Total Dividend Fund 0.9 28 32 6.0 -2.6
RSSL Global X Russell 2000 ETF 0.9 8 52 2.6 -5.9
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 18 6.6 -2.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.8 25 35 6.0 -2.5
IWM iShares Russell 2000 ETF 0.8 19 41 2.8 -5.7
STXV Strive 1000 Value ETF 0.8 18 42 7.5 -1.0
VTWO Vanguard Russell 2000 ETF 0.8 10 50 2.9 -5.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.8 30 30 7.9 -0.6
USMF WisdomTree U.S. Multifactor Fund 0.8 28 32 7.1 -1.4
FQAL Fidelity Quality Factor ETF 0.8 15 45 5.8 -2.7
FLRG Fidelity U.S. Multifactor ETF 0.8 15 45 7.3 -1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 1 2.4 -6.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.3 -1.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 0 6.8 -1.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.7 20 40 7.6 -1.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 54 2.3 -6.3
SFYX SoFi Next 500 ETF 0.7 0 60 4.7 -3.8
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.7 10 50 4.4 -4.1
MAGA Point Bridge America First ETF 0.7 72 -12 5.6 -2.9
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 7.4 -1.1
IWC iShares Micro-Cap ETF 0.7 60 0 -4.9 -13.4
NIXT Research Affiliates Deletions ETF 0.7 9 51 5.2 -3.3
EZM WisdomTree U.S. MidCap Fund 0.7 38 22 7.4 -1.2
FVAL Fidelity Value Factor ETF 0.7 15 45 7.1 -1.5
PY Principal Value ETF 0.7 15 45 7.0 -1.5
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 6.1 -2.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.7 9 51 5.8 -2.8
SIZE iShares MSCI USA Size Factor ETF 0.6 15 45 5.6 -3.0
AFSM First Trust Active Factor Small Cap ETF 0.6 75 -15 6.3 -2.2
REVS Columbia Research Enhanced Value ETF 0.6 19 41 7.4 -1.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 0.6 70 -10 4.4 -4.2
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 5.7 -2.8
SPVU Invesco S&P 500 Enhanced Value ETF 0.6 13 47 8.9 +0.4
KOCG FIS Knights of Columbus Global Belief ETF 0.6 75 -15 5.0 -3.5
ISMD Inspire Small/Mid Cap ETF 0.6 54 6 5.3 -3.2
EES WisdomTree U.S. SmallCap Fund 0.6 38 22 9.1 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.6 28 32 5.7 -2.8
SMMD iShares Russell 2500 ETF 0.6 15 45 5.5 -3.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 48 6.2 -2.3
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 38 3.8 -4.7
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.6 60 0 8.7 +0.2
FYT First Trust Small Cap Value AlphaDEX Fund 0.6 73 -13 7.8 -0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 4.6 -4.0
SMDY Syntax Stratified MidCap ETF 0.5 35 25 5.8 -2.8
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.5 60 0 6.4 -2.2
IUSV iShares Core S&P US Value ETF 0.5 4 56 6.4 -2.1
IWD iShares Russell 1000 Value ETF 0.5 19 41 6.1 -2.4
VONV Vanguard Russell 1000 Value ETF 0.5 8 52 6.3 -2.3
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 6.4 -2.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.3 -3.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.5 50 10 7.6 -0.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 33 8.6 +0.0
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -19 4.6 -3.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 4.7 -3.9
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.4 10 50 4.5 -4.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 4.6 -3.9
SSLY Syntax Stratified SmallCap ETF 0.4 40 20 7.4 -1.1
ETHO Etho Climate Leadership U.S. ETF 0.4 47 13 3.4 -5.1
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 48 6.7 -1.9
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 9.8 +1.3
FDLO Fidelity Low Volatility Factor ETF 0.4 15 45 5.3 -3.3
WLDR Affinity World Leaders Equity ETF 0.4 67 -7 8.1 -0.4
BIBL Inspire 100 ETF 0.4 35 25 5.1 -3.5
IVE iShares S&P 500 Value ETF 0.4 18 42 6.3 -2.3
VOOV Vanguard S&P 500 Value ETF 0.4 10 50 6.3 -2.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 56 6.4 -2.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 35 7.2 -1.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 35 5.2 -3.3
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 45 5.8 -2.8
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -5 4.7 -3.8
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.1 -2.5
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 42 6.4 -2.1
ILCV iShares Morningstar Value ETF 0.3 4 56 6.2 -2.3
TMFX Motley Fool Next Index ETF 0.3 50 10 2.8 -5.8
ROUS Hartford Multifactor US Equity ETF 0.3 19 41 6.5 -2.0
VBK Vanguard Small-Cap Growth ETF 0.3 7 53 1.1 -7.4
VTV Vanguard Value ETF 0.3 4 56 6.6 -2.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 1 5.6 -3.0
PFM Invesco Dividend Achievers ETF 0.3 53 7 5.3 -3.2
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 6.8 -1.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 30 5.4 -3.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 48 7.4 -1.1
SHE SPDR MSCI USA Gender Diversity ETF 0.3 20 40 4.9 -3.6
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 43 6.9 -1.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 54 4.0 -4.6
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 4.9 -3.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 45 4.7 -3.8
VTI Vanguard Total Stock Market ETF 0.3 3 57 4.7 -3.8
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 48 5.3 -3.3
APUE ActivePassive U.S. Equity ETF 0.3 45 15 4.8 -3.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 4.8 -3.7
VTHR Vanguard Russell 3000 ETF 0.3 10 50 4.7 -3.8
IWV iShares Russell 3000 ETF 0.3 20 40 4.7 -3.9
BLES Inspire Global Hope ETF 0.3 61 -1 6.4 -2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 40 6.8 -1.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 5.1 -3.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 57 5.1 -3.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 4.9 -3.6
MODL VictoryShares WestEnd U.S. Sector ETF 0.3 42 18 4.7 -3.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 51 5.3 -3.3
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 5.3 -3.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -10 10.0 +1.5
VEGN US Vegan Climate ETF 0.3 60 0 4.5 -4.0
SCHK Schwab 1000 Index ETF 0.3 5 55 5.0 -3.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.3 39 21 8.6 +0.1
PTL Inspire 500 ETF 0.3 9 51 5.6 -2.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 53 5.0 -3.6
RECS Columbia Research Enhanced Core ETF 0.3 15 45 5.5 -3.1
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.3 35 25 4.6 -4.0
VONE Vanguard Russell 1000 ETF 0.2 8 52 4.9 -3.6
IWB iShares Russell 1000 ETF 0.2 15 45 4.8 -3.7
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 5 4.7 -3.8
DIVB iShares Core Dividend ETF 0.2 5 55 7.5 -1.1
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.8 -3.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 6.9 -1.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.9 -3.6
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.4 -3.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 48 4.5 -4.0
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 5.0 -3.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 52 5.0 -3.6
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.8 -3.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 46 5.0 -3.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 45 5.9 -2.6
PBUS Invesco MSCI USA ETF 0.2 4 56 5.0 -3.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 5.0 -3.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.7 -3.9
VOTE TCW Transform 500 ETF 0.2 5 55 4.9 -3.6
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.9 -3.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 5.0 -3.5
SFY SoFi Select 500 ETF 0.2 0 60 4.5 -4.1
VV Vanguard Large-Cap ETF 0.2 4 56 4.9 -3.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -7 8.6 +0.0
STRV Strive 500 ETF 0.2 5 55 4.9 -3.6
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.9 -3.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 4.9 -3.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 4.9 -3.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 4.8 -3.7
VT Vanguard Total World Stock ETF 0.2 7 53 5.5 -3.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 4.8 -3.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.8 -3.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.2 -3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 51 5.4 -3.1
IVV iShares Core S&P 500 ETF 0.2 3 57 5.0 -3.5
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 58 5.0 -3.5
SPY SPDR S&P 500 ETF Trust 0.2 9 51 5.0 -3.6
RVRB Reverb ETF 0.2 30 30 4.7 -3.9
VOO Vanguard S&P 500 ETF 0.2 3 57 5.0 -3.5
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 5.9 -2.7
TOK iShares MSCI Kokusai ETF 0.2 26 34 5.0 -3.5
URTH iShares MSCI World ETF 0.2 24 36 5.2 -3.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 6.8 -1.8
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 30 6.5 -2.0
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.3 -3.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 -2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 5.1 -3.4
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 6.3 -2.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 21 7.5 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 5.2 -3.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 6.2 -2.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.8 -3.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.9 -3.6
VUG Vanguard Growth ETF 0.1 4 56 4.0 -4.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 6.8 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.7 -2.8
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 4.7 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.4 -3.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 35 5.6 -2.9
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 48 4.5 -4.0
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 18 4.5 -4.1
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.8 -2.8
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.9 -4.6
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 5.0 -3.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.9 -2.6
GSPY Gotham Enhanced 500 ETF 0.1 50 10 5.2 -3.3
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 31 7.2 -1.4
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 4.7 -3.9
RWL Invesco S&P 500 Revenue ETF 0.0 39 21 6.7 -1.8
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 5.2 -3.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.8 -4.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 45 0.7 -7.9
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.6 -8.0
ACVF American Conservative Values ETF 0.0 75 -15 4.2 -4.3
HLGE Hartford Longevity Economy ETF 0.0 44 16 6.0 -2.6
GLOF iShares Global Equity Factor ETF 0.0 20 40 7.0 -1.5
HKND Humankind US Stock ETF 0.0 11 49 7.1 -1.4
STXG Strive 1000 Growth ETF 0.0 18 42 4.1 -4.5

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

  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 10.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 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.