NETLease Corporate Real Estate ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.5x P/Sales
ratio		 6.3x
P/BV
ratio		 1.3x Div.
yield		 6.3%


  • 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) $40
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) $10,776
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
AGREE REALTY CORP 8.3 %
WP CAREY INC 8.3 %
REALTY INCOME CORP 8.0 %
NATIONAL RETAIL PROPERTIES 7.8 %
VICI PROPERTIES INC 7.4 %
LEXINGTON REALTY TRUST 4.4 %
STAG INDUSTRIAL INC 4.4 %
GLOBAL NET LEASE INC 4.2 %
NETSTREIT CORP. 4.1 %
ESSENTIAL PROPERTIES REALTY TRUST, 4.0 %
Total 61.1 %

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.
5.9% -1.6% 6.7% -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.76 34%
MSCI EAFE 0.74 42%
MSCI Emg. Mkts. 0.61 33%

Technical Indicators
Recent close $24.08
30d moving avg. $24.30
Annualized volatility 17.0%
Short interest (ETF) 0.6%
Short interest (Underlying) 3.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 374 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™: 8.6%


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 30.0 35 25 10.5 +1.9
KBWY Invesco KBW Premium Yield Equity REIT ETF 26.4 35 25 7.3 -1.3
SRET Global X SuperDividend REIT ETF 22.6 59 1 12.2 +3.6
IRET iREIT - MarketVector Quality REIT Index ETF 17.3 60 0 7.1 -1.5
BLDG Cambria Global Real Estate ETF 15.7 60 0 11.5 +2.9
RIET Hoya Capital High Dividend Yield ETF 15.4 50 10 52.9 +44.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 14.0 11 49 8.1 -0.5
USRT iShares Core U.S. REIT ETF 13.9 8 52 8.0 -0.6
FRI First Trust S&P REIT Index Fund 13.5 50 10 7.6 -1.0
DFAR Dimensional US Real Estate ETF 13.2 19 41 8.3 -0.3
PPTY US Diversified Real Estate ETF 13.0 53 7 8.4 -0.2
SCHH Schwab U.S. REIT ETF 12.3 7 53 8.3 -0.3
FREL Fidelity MSCI Real Estate Index ETF 11.0 8 52 7.7 -0.9
RWR State Street SPDR Dow Jones REIT ETF 10.6 25 35 7.7 -0.9
BJK VanEck Gaming ETF 10.5 65 -5 4.5 -4.1
VNQ Vanguard Real Estate ETF 10.3 13 47 7.6 -1.0
IYR iShares U.S. Real Estate ETF 10.2 40 20 7.6 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 10.0 45 15 7.9 -0.7
ERET iShares Environmentally Aware Real Estate ETF 9.6 30 30 7.2 -1.4
REET iShares Global REIT ETF 9.2 14 46 7.5 -1.1
AVRE Avantis Real Estate ETF 9.0 17 43 7.3 -1.3
DFGR Dimensional Global Real Estate ETF 8.9 22 38 7.7 -0.9
INDS Pacer Industrial Real Estate ETF 8.8 55 5 6.7 -1.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 8.8 60 0 5.9 -2.7
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 7.2 -1.4
BYRE Principal Real Estate Active Opportunities ETF 8.2 65 -5 6.7 -1.9
VICE AdvisorShares Vice ETF 8.0 99 -39 6.4 -2.2
ICF iShares Cohen & Steers REIT ETF 7.9 33 27 8.0 -0.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.7 80 -20 8.1 -0.5
XLRE Real Estate Select Sector SPDR Fund 7.7 8 52 7.9 -0.7
RWO SPDR Dow Jones Global Real Estate ETF 7.5 50 10 7.0 -1.6
FPRO Fidelity Real Estate Investment ETF 7.3 59 1 6.7 -1.9
JRE Janus Henderson U.S. Real Estate ETF 7.1 65 -5 7.9 -0.7
DESK VanEck Office and Commercial REIT ETF 6.9 50 10 17.6 +9.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.7 30 30 17.3 +8.7
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 8.3 -0.3
ICAP InfraCap Equity Income Fund ETF 6.4 171 -111 4.7 -3.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 6.2 27 33 7.3 -1.4
JPRE JPMorgan Realty Income ETF 6.2 50 10 8.8 +0.2
VRAI Virtus Real Asset Income ETF 6.0 55 5 10.6 +2.0
PSR Invesco Active U.S. Real Estate Fund 5.8 35 25 8.0 -0.6
TMFS Motley Fool Small-Cap Growth ETF 5.2 85 -25 3.1 -5.5
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 9.0 +0.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.5 30 30 10.3 +1.7
BEDZ AdvisorShares Hotel ETF 4.5 100 -40 7.2 -1.4
ABLD Abacus FCF Real Assets Leaders ETF 4.5 69 -9 6.7 -2.0
REAI Intelligent Real Estate ETF 4.4 59 1 4.4 -4.2
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 31 9.9 +1.3
UDI USCF Dividend Income Fund 4.1 65 -5 8.2 -0.4
JHDV John Hancock U.S. High Dividend ETF 4.1 34 26 6.7 -2.0
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 7.4 -1.3
IQRA IQ CBRE Real Assets ETF 3.5 65 -5 5.6 -3.0
OSCV Opus Small Cap Value ETF 3.3 79 -19 7.2 -1.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.3 20 40 6.1 -2.5
IJJ iShares S&P Mid-Cap 400 Value ETF 3.2 18 42 8.7 +0.1
DES WisdomTree U.S. SmallCap Dividend Fund 3.2 38 22 9.4 +0.8
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.2 70 -10 5.0 -3.6
DON WisdomTree U.S. MidCap Dividend Fund 3.2 38 22 9.2 +0.6
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 3.1 15 45 8.8 +0.2
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 11.8 +3.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 3.0 10 50 8.9 +0.3
FDVV Fidelity High Dividend ETF 3.0 15 45 7.5 -1.1
VFMV Vanguard U.S. Minimum Volatility ETF 2.9 13 47 5.9 -2.7
FCPI Fidelity Stocks for Inflation ETF 2.8 15 45 7.7 -0.9
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.8 12 48 7.5 -1.1
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.8 15 45 7.8 -0.8
TBG TBG Dividend Focus ETF 2.7 59 1 7.8 -0.8
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.7 60 0 6.4 -2.2
SIXL ETC 6 Meridian Low Beta Equity ETF 2.7 80 -20 6.2 -2.4
SDY State Street SPDR S&P Dividend ETF 2.7 35 25 6.8 -1.8
KONG Formidable Fortress ETF 2.6 89 -29 6.2 -2.4
DIVE Dana Concentrated Dividend ETF 2.5 65 -5 8.3 -0.3
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.5 7 53 11.0 +2.4
CGDG Capital Group Dividend Growers ETF 2.4 47 13 5.9 -2.7
AFMC First Trust Active Factor Mid Cap ETF 2.3 65 -5 8.3 -0.3
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.3 20 40 10.2 +1.6
DEW WisdomTree Global High Dividend Fund 2.3 58 2 8.2 -0.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 5.5 -3.1
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.5 -3.1
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 2.1 12 48 6.0 -2.6
XJH iShares ESG Screened S&P Mid-Cap ETF 2.1 12 48 7.2 -1.4
BGIG Bahl & Gaynor Income Growth ETF 2.0 45 15 5.1 -3.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.0 24 36 8.2 -0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 45 8.0 -0.6
DIV Global X SuperDividend US ETF 2.0 45 15 10.7 +2.1
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 26 4.2 -4.4
MGMT Ballast Small/Mid Cap ETF 2.0 110 -50 8.6 -0.0
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 45 7.3 -1.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 20 7.6 -1.1
USMF WisdomTree U.S. Multifactor Fund 1.9 28 32 7.3 -1.3
IJH iShares Core S&P Mid-Cap ETF 1.8 5 55 7.3 -1.3
MDY SPDR S&P Midcap 400 ETF Trust 1.8 24 36 7.1 -1.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.8 25 35 7.9 -0.7
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 57 7.3 -1.3
SDIV Global X Superdividend ETF 1.7 58 2 41.3 +32.7
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 7 53 7.3 -1.3
SMDV ProShares Russell 2000 Dividend Growers ETF 1.7 40 20 7.9 -0.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 25 9.8 +1.2
NUMV Nuveen ESG Mid-Cap Value ETF 1.7 31 29 6.9 -1.7
SMAP Amplify Small-Mid Cap Equity ETF 1.7 60 0 5.6 -3.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 42 7.8 -0.8
IWN iShares Russell 2000 Value ETF 1.6 24 36 7.7 -0.9
VBR Vanguard Small Cap Value ETF 1.6 7 53 9.1 +0.5
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 8.5 -0.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.6 24 36 7.6 -1.0
FUNL CornerCap Fundametrics Large-Cap ETF 1.6 50 10 7.1 -1.5
VTWV Vanguard Russell 2000 Value ETF 1.6 10 50 7.8 -0.8
MBOX Freedom Day Dividend ETF 1.6 39 21 7.7 -0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.5 4 56 6.0 -2.6
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 7.0 -1.6
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 10 5.2 -3.4
FYT First Trust Small Cap Value AlphaDEX Fund 1.5 73 -13 12.0 +3.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 31 8.3 -0.3
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 7.5 -1.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 6.3 -2.4
IWS iShares Russell Mid-Cap Value ETF 1.5 23 37 7.1 -1.5
HDUS Hartford Disciplined US Equity ETF 1.5 19 41 5.6 -3.0
ROSC Hartford Multifactor Small Cap ETF 1.4 34 26 9.1 +0.5
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.9 -2.7
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.4 20 40 8.2 -0.4
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 18 6.8 -1.9
STXM Strive Mid-Cap ETF 1.4 18 42 6.4 -2.2
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 45 6.9 -1.7
BDIV AAM Brentview Dividend Growth ETF 1.3 49 11 4.5 -4.1
VOT Vanguard Mid-Cap Growth ETF 1.3 7 53 3.4 -5.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.3 12 48 7.6 -1.0
IJT iShares S&P Small-Cap 600 Growth ETF 1.3 18 42 5.5 -3.1
CGUS Capital Group Core Equity ETF 1.3 33 27 4.3 -4.3
ULVM VictoryShares US Value Momentum ETF 1.3 20 40 7.3 -1.3
FVD First Trust Value Line Dividend Index Fund 1.2 65 -5 6.2 -2.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.2 35 25 7.1 -1.5
IVRA Invesco Real Assets ESG ETF 1.2 59 1 6.4 -2.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.2 15 45 5.6 -3.0
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 8.1 -0.5
FLDZ RiverNorth Patriot ETF 1.2 75 -15 6.4 -2.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 7.7 -0.9
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 54 9.3 +0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 53 5.8 -2.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.2 10 50 5.6 -3.0
IJR iShares Core S&P Small Cap ETF 1.2 6 54 7.6 -1.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 5.8 -2.8
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 7.1 -1.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 21 11.6 +3.0
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -12 7.3 -1.3
SFYF SoFi Social 50 ETF 1.1 29 31 1.0 -7.7
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 7.1 -1.6
IWR iShares Russell Midcap ETF 1.1 19 41 6.2 -2.4
CGDV Capital Group Dividend Value ETF 1.1 33 27 4.5 -4.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 57 7.7 -0.9
PSC Principal U.S. Small-Cap ETF 1.1 38 22 6.9 -1.7
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 7 53 7.6 -1.0
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 1.1 12 48 8.2 -0.4
VGSR Vert Global Sustainable Real Estate ETF 1.1 47 13 7.6 -1.0
SIXS ETC 6 Meridian Small Cap Equity ETF 1.1 89 -29 9.6 +1.0
SCHA Schwab U.S. Small-Cap ETF 1.1 4 56 6.3 -2.3
FVAL Fidelity Value Factor ETF 1.1 15 45 6.7 -1.9
FPX First Trust US Equity Opportunities ETF 1.0 61 -1 1.0 -7.6
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 42 9.8 +1.2
AFLG First Trust Active Factor Large Cap ETF 1.0 55 5 6.3 -2.3
VB Vanguard Small-Cap ETF 1.0 5 55 6.1 -2.5
EES WisdomTree U.S. SmallCap Fund 1.0 38 22 8.7 +0.1
WDIV SPDR S&P Global Dividend ETF 1.0 40 20 8.8 +0.2
RCGE RockCreek Global Equality ETF 1.0 95 -35 6.6 -2.0
VXF Vanguard Extended Market ETF 1.0 5 55 4.7 -3.9
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 8.1 -0.5
DTD WisdomTree U.S. Total Dividend Fund 1.0 28 32 6.3 -2.3
JVAL JPMorgan U.S. Value Factor ETF 1.0 12 48 7.9 -0.7
AUSF Global X Adaptive U.S. Factor ETF 1.0 27 33 9.1 +0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 56 5.8 -2.8
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 8.1 -0.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 50 9.7 +1.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 45 9.8 +1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 4.3 -4.3
ROE Astoria US Quality Kings ETF 0.9 49 11 6.8 -1.8
STXK Strive Small-Cap ETF 0.9 18 42 6.1 -2.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 35 8.9 +0.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -1 5.8 -2.8
IMCB iShares Morningstar Mid-Cap ETF 0.9 4 56 6.2 -2.4
ROUS Hartford Multifactor US Equity ETF 0.9 19 41 6.9 -1.7
FLRG Fidelity U.S. Multifactor ETF 0.9 15 45 6.9 -1.7
VO Vanguard Mid-Cap ETF 0.9 4 56 5.9 -2.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 4.0 -4.6
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 6.7 -1.9
ISCB iShares Morningstar Small-Cap ETF 0.9 4 56 6.2 -2.4
EZM WisdomTree U.S. MidCap Fund 0.9 38 22 8.8 +0.2
SFYX SoFi Next 500 ETF 0.9 0 60 6.0 -2.6
ETHO Etho Climate Leadership U.S. ETF 0.8 47 13 5.5 -3.1
RSSL Global X Russell 2000 ETF 0.8 8 52 4.1 -4.5
AFSM First Trust Active Factor Small Cap ETF 0.8 75 -15 7.5 -1.2
FELV Fidelity Enhanced Large Cap Value ETF 0.8 18 42 6.7 -2.0
IWM iShares Russell 2000 ETF 0.8 19 41 4.2 -4.4
PY Principal Value ETF 0.8 15 45 7.3 -1.4
VTWO Vanguard Russell 2000 ETF 0.8 7 53 4.3 -4.3
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 8.0 -0.6
REVS Columbia Research Enhanced Value ETF 0.8 19 41 7.7 -0.9
VLUE iShares MSCI USA Value Factor ETF 0.7 15 45 8.8 +0.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 45 6.1 -2.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.7 15 45 5.3 -3.3
SIZE iShares MSCI USA Size Factor ETF 0.7 15 45 6.1 -2.5
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 6.2 -2.4
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 6.3 -2.4
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 6.8 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 32 5.9 -2.7
MAGA Point Bridge America First ETF 0.7 72 -12 6.3 -2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 51 6.2 -2.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.6 6 54 4.1 -4.5
VOE Vanguard Mid-Cap Value ETF 0.6 7 53 7.7 -0.9
WLDR Affinity World Leaders Equity ETF 0.6 67 -7 7.1 -1.5
SMMD iShares Russell 2500 ETF 0.6 15 45 6.9 -1.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 54 2.9 -5.7
STXV Strive 1000 Value ETF 0.6 18 42 8.1 -0.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 48 6.5 -2.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 43 5.9 -2.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.6 20 40 6.8 -1.8
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 47 10.0 +1.4
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 5.6 -3.0
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.5 15 45 5.9 -2.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 10 50 5.9 -2.7
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 17 6.1 -2.5
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -11 -1.6 -10.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 5.6 -3.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 10.2 +1.6
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 0 10.3 +1.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 45 6.0 -2.7
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 10.3 +1.7
IUSV iShares Core S&P US Value ETF 0.5 4 56 6.3 -2.3
IWD iShares Russell 1000 Value ETF 0.5 19 41 6.4 -2.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.1 -3.5
VONV Vanguard Russell 1000 Value ETF 0.5 7 53 6.5 -2.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.5 12 48 7.3 -1.3
APUE ActivePassive U.S. Equity ETF 0.5 45 15 4.6 -4.0
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 56 6.7 -1.9
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 5.6 -3.0
NUSC Nuveen ESG Small-Cap ETF 0.4 31 29 5.2 -3.4
FQAL Fidelity Quality Factor ETF 0.4 15 45 5.7 -2.9
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 43 6.8 -1.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 5.9 -2.7
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 9.0 +0.4
IWC iShares Micro-Cap ETF 0.4 60 0 -1.6 -10.2
BIBL Inspire 100 ETF 0.4 35 25 5.1 -3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 30 6.8 -1.8
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.7 -1.9
FELC Fidelity Enhanced Large Cap Core ETF 0.4 18 42 5.2 -3.4
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 8.7 +0.1
TMFX Motley Fool Next Index ETF 0.4 50 10 3.2 -5.4
FDLO Fidelity Low Volatility Factor ETF 0.4 15 45 5.4 -3.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 46 4.8 -3.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 3.8 -4.8
IVE iShares S&P 500 Value ETF 0.3 18 42 6.1 -2.6
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 6.2 -2.4
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 6.1 -2.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.5 -3.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 5.2 -3.4
PFM Invesco Dividend Achievers ETF 0.3 53 7 5.3 -3.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 45 4.6 -4.0
BLES Inspire Global Hope ETF 0.3 61 -1 6.7 -1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -7 10.1 +1.5
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 4.1 -4.5
RECS Columbia Research Enhanced Core ETF 0.3 15 45 5.7 -2.9
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 6.7 -1.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -10 2.2 -6.4
VEGN US Vegan Climate ETF 0.3 60 0 4.5 -4.2
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.9 -3.7
PTL Inspire 500 ETF 0.3 9 51 5.3 -3.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 9.8 +1.2
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 5.3 -3.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -4 1.1 -7.5
DIVB iShares Core Dividend ETF 0.3 5 55 8.2 -0.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 4.8 -3.8
HLGE Hartford Longevity Economy ETF 0.3 44 16 6.3 -2.4
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.3 60 0 5.2 -3.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 5.1 -3.5
ILCV iShares Morningstar Value ETF 0.3 4 56 6.3 -2.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 51 5.5 -3.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 53 5.0 -3.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.3 19 41 5.4 -3.2
VTV Vanguard Value ETF 0.3 4 56 6.8 -1.8
IWV iShares Russell 3000 ETF 0.2 20 40 4.7 -4.0
SCHB Schwab U.S. Broad Market ETF 0.2 3 57 4.9 -3.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 57 4.8 -3.8
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.8 -3.8
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.8 -3.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 5.0 -3.6
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.8 -6.8
SCHK Schwab 1000 Index ETF 0.2 5 55 4.9 -3.7
IWB iShares Russell 1000 ETF 0.2 15 45 4.8 -3.8
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.8 -3.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.8 -3.8
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.7 -3.9
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.7 -3.9
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 5.0 -3.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.9 -3.8
VOTE TCW Transform 500 ETF 0.2 5 55 4.8 -3.8
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 5.6 -3.0
PBUS Invesco MSCI USA ETF 0.2 4 56 4.8 -3.8
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.9 -3.7
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 35 5.1 -3.5
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.5 -3.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 10.5 +1.9
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 6.6 -2.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.8 -3.8
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 5.0 -3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 5.4 -3.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 4.7 -3.9
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.6 -4.0
RITA ETFB Green SRI REITs ETF 0.2 50 10 5.7 -2.9
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 5.0 -3.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 7.3 -1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 4.8 -3.8
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 4.7 -3.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.9 -3.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.0 -3.6
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 5.1 -3.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 1 2.0 -6.6
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.7 -3.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 9.9 +1.3
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.2 65 -5 6.4 -2.2
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 6.7 -1.9
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 42 4.6 -4.0
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 4.6 -4.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 30 8.1 -0.5
VT Vanguard Total World Stock ETF 0.2 6 54 5.6 -3.0
GXLC Global X U.S. 500 ETF 0.2 2 58 4.8 -3.8
TXS Texas Capital Texas Equity Index ETF 0.2 49 11 6.0 -2.7
IVV iShares Core S&P 500 ETF 0.1 3 57 4.8 -3.8
RAUS RACWI US ETF 0.1 15 45 4.6 -4.0
VV Vanguard Large-Cap ETF 0.1 4 56 4.7 -3.9
SFY SoFi Select 500 ETF 0.1 0 60 4.3 -4.3
SPY SPDR S&P 500 ETF 0.1 9 51 4.8 -3.8
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.8 -3.8
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.9 -3.7
VOO Vanguard S&P 500 ETF 0.1 3 57 4.8 -3.8
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 3.9 -4.7
STRV Strive 500 ETF 0.1 5 55 4.7 -3.9
SPXM Azoria 500 Meritocracy ETF 0.1 47 13 4.4 -4.2
RVRB Reverb ETF 0.1 30 30 4.5 -4.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.9 -3.7
URTH iShares MSCI World ETF 0.1 24 36 4.9 -3.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 -2.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.6 -4.0
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.3 -3.3
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.7 -4.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 7.2 -1.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 18 4.3 -4.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 6.3 -2.3
VUG Vanguard Growth ETF 0.1 4 56 4.1 -4.5
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.6 -3.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.6 -4.0
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 4.5 -4.1
OPTZ Optimize Strategy Index ETF 0.1 50 10 4.7 -3.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 5.2 -3.4
STXG Strive 1000 Growth ETF 0.1 18 42 3.8 -4.8
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -65 6.6 -2.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 4.3 -4.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 5.0 -3.7
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.9 -2.7
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 4.7 -3.9
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 31 6.9 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.7 -2.9
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.7 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 5.4 -3.2
GSPY Gotham Enhanced 500 ETF 0.0 50 10 5.0 -3.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 35 5.9 -2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.7 -4.9
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 4.9 -3.7
TEXN iShares Texas Equity ETF 0.0 20 40 6.1 -2.5
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 5.6 -3.0
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.8 -7.8
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 1.0 -7.6
ACVF American Conservative Values ETF 0.0 75 -15 4.2 -4.4
FESM Fidelity Enhanced Small Cap ETF 0.0 28 32 6.8 -1.8
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 4.1 -4.5
HKND Humankind US Stock ETF 0.0 11 49 7.1 -1.5
EBI Longview Advantage ETF 0.0 35 25 6.6 -2.0

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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.6 %
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.