NETLease Corporate Real Estate ETF
ALTAR
Score™		 8.9% info Recommen-
dation		 OVERWEIGHT
2023E    2024E
P/E
ratio		 12.4x P/Sales
ratio		 5.4x
P/BV
ratio		 1.2x Div.
yield		 6.1%


  • 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) $95
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) $6,967
Large cap (>$10bn) 27.2%
Mid cap ($2-10bn) 42.4%
Small cap (<$2bn) 30.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STAG INDUSTRIAL INC 9.2 %
NATIONAL RETAIL PROPERTIES 8.2 %
VICI PROPERTIES INC 8.1 %
REALTY INCOME CORP 8.0 %
WP CAREY INC 7.5 %
EPR PROPERTIES 4.6 %
LEXINGTON REALTY TRUST 4.4 %
GETTY REALTY CORP 4.3 %
SPIRIT REALTY CAPITAL INC 4.1 %
ESSENTIAL PROPERTIES REALTY TRUST, 4.1 %
Total 62.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.2% -8.6% -- -- 2.7%

Market Correlations
versus... Beta R-squared
S&P500 1.01 73%
MSCI EAFE 0.97 69%
MSCI Emg. Mkts. 0.64 30%

Technical Indicators
Recent close $24.37
30d moving avg. $24.01
Annualized volatility 21.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.4%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $453

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 358 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™: 8.9%


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 33.5 35 25 17.1 +8.2
RDOG ALPS REIT Dividend Dogs ETF 25.2 35 25 12.7 +3.8
JRE Janus Henderson U.S. Real Estate ETF 24.6 65 -5 5.3 -3.6
BLDG Cambria Global Real Estate ETF 15.3 59 1 9.4 +0.5
FRI First Trust S&P REIT Index Fund 14.8 50 10 7.1 -1.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 14.7 11 49 7.5 -1.4
USRT iShares Core U.S. REIT ETF 14.6 8 52 7.5 -1.4
RIET Hoya Capital High Dividend Yield ETF 14.3 50 10 12.2 +3.3
PPTY PPTY-U.S. Diversified Real Estate ETF 13.4 49 11 7.2 -1.7
SRET Global X SuperDividend REIT ETF 13.1 58 2 9.6 +0.7
DFAR Dimensional US Real Estate ETF 12.8 19 41 7.3 -1.6
SCHH Schwab U.S. REIT ETF 12.3 7 53 7.5 -1.4
JPRE JPMorgan Realty Income ETF 12.1 50 10 6.6 -2.3
FREL Fidelity MSCI Real Estate Index ETF 11.7 84 -24 6.6 -2.3
PSR Invesco Active U.S. Real Estate Fund 11.6 35 25 6.9 -2.0
HOTL Kelly Hotel & Lodging Sector ETF 11.6 78 -18 2.8 -6.1
RWR SPDR Dow Jones REIT ETF 10.9 25 35 7.3 -1.6
IYR iShares U.S. Real Estate ETF 10.7 39 21 7.1 -1.8
REET iShares Global REIT ETF 10.6 14 46 7.1 -1.8
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 10.1 60 0 8.4 -0.5
BJK VanEck Gaming ETF 10.0 62 -2 1.7 -7.2
VNQ Vanguard REIT Index Fund 9.9 12 48 7.4 -1.6
GQRE FlexShares Global Quality Real Estate Index Fund 9.8 45 15 7.8 -1.1
ICF iShares Cohen & Steers REIT ETF 9.5 32 28 6.9 -2.0
AVRE Avantis Real Estate ETF 9.4 17 43 6.5 -2.4
DFGR Dimensional Global Real Estate ETF 8.4 22 38 6.9 -2.0
DTRE Alerian Disruptive Technology Real Estate ETF 8.4 60 0 8.1 -0.8
VICE AdvisorShares Vice ETF 8.2 99 -39 8.7 -0.2
XLRE The Real Estate Select Sector SPDR Fund 8.0 10 50 7.0 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 7.6 50 10 6.8 -2.1
ERET iShares Environmentally Aware Real Estate ETF 6.8 30 30 7.3 -1.6
FPRO Fidelity Real Estate Investment ETF 6.8 59 1 5.8 -3.1
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 7.3 -1.6
ICAP InfraCap Equity Income Fund ETF 6.5 80 -20 11.2 +2.3
LVHD Legg Mason Low Volatility High Dividend ETF 6.5 27 33 9.6 +0.7
BEDZ AdvisorShares Hotel ETF 6.4 99 -39 1.4 -7.6
VRAI Virtus Real Asset Income ETF 6.3 55 5 8.3 -0.6
PSCF Invesco S&P SmallCap Financials ETF 6.2 29 31 11.2 +2.3
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 6.2 60 0 5.4 -3.6
PFI Invesco DWA Financial Momentum ETF 6.0 60 0 7.2 -1.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.3 30 30 9.5 +0.6
XSLV Invesco S&P SmallCap Low Volatility ETF 4.2 25 35 7.8 -1.1
XMLV Invesco S&P MidCap Low Volatility ETF 4.1 25 35 7.7 -1.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 4.1 60 0 5.8 -3.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 3.8 20 40 9.2 +0.3
CVY Invesco Zacks Multi-Asset Income ETF 3.7 100 -40 11.1 +2.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.7 80 -20 7.1 -1.8
SDY SPDR S&P Dividend ETF 3.4 35 25 7.2 -1.7
FCPI Fidelity Stocks for Inflation ETF 3.4 29 31 9.6 +0.7
MJUS ETFMG U.S. Alternative Harvest ETF 3.3 75 -15 -34.8 -43.7
THCX The Cannabis ETF 3.3 75 -15 -204.8 -213.7
TOKE Cambria Cannabis ETF 3.3 42 18 -20.1 -29.0
POTX Global X Cannabis ETF 3.3 50 10 -131.2 -140.1
CNBS Amplify Seymour Cannabis ETF 3.3 75 -15 -49.1 -58.0
GK AdvisorShares Gerber Kawasaki ETF 3.3 81 -21 5.0 -3.9
OSCV Opus Small Cap Value Plus ETF 3.0 79 -19 6.4 -2.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 3.0 25 35 9.9 +1.0
PSC Principal U.S. Small Cap Index ETF 3.0 38 22 8.5 -0.4
KONG Formidable Fortress ETF 2.9 89 -29 6.0 -2.9
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.9 60 0 8.5 -0.4
NUMV Nuveen ESG Mid-Cap Value ETF 2.9 30 30 9.4 +0.5
RITA ETFB Green SRI REITs ETF 2.9 50 10 4.9 -4.0
DES WisdomTree U.S. SmallCap Dividend Fund 2.9 38 22 9.9 +1.0
TMFS Motley Fool Small Cap Growth ETF 2.8 85 -25 2.9 -6.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.7 30 30 13.0 +4.1
SPYD SPDR S&P 500 High Dividend ETF 2.7 7 53 11.1 +2.2
ROOF IQ US Real Estate Small Cap ETF 2.6 60 0 4.9 -4.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.5 70 -10 6.2 -2.7
IWN iShares Russell 2000 Value ETF 2.5 23 37 6.3 -2.6
VTWV Vanguard Russell 2000 Value Index Fund 2.4 15 45 6.1 -2.8
SMDV ProShares Russell 2000 Dividend Growers ETF 2.2 41 19 6.7 -2.2
UDI USCF Dividend Income Fund 2.2 65 -5 8.7 -0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.2 12 48 8.2 -0.7
PY Principal Shareholder Yield Index ETF 2.1 15 45 8.2 -0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.1 20 40 6.3 -2.6
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.0 60 0 11.4 +2.5
JHDV John Hancock U.S. High Dividend ETF 2.0 34 26 8.3 -0.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.0 41 19 7.3 -1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.0 24 36 9.3 +0.4
IMCV iShares Morningstar Mid-Cap Value ETF 2.0 6 54 9.1 +0.2
JRNY ALPS Global Travel Beneficiaries ETF 2.0 65 -5 0.8 -8.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.0 15 45 9.3 +0.4
BIBL Inspire ETF 2.0 35 25 5.7 -3.2
IJS iShares S&P Small-cap 600 Value ETF 1.9 18 42 9.3 +0.4
SLYV SPDR S&P 600 Small Cap Value ETF 1.9 15 45 9.2 +0.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.9 25 35 6.9 -2.0
SPLV Invesco S&P 500 Low Volatility ETF 1.9 25 35 6.8 -2.1
DON WisdomTree U.S. MidCap Dividend Fund 1.9 38 22 9.8 +0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.9 29 31 8.3 -0.6
IWS iShares Russell Mid-Cap Value ETF 1.9 23 37 7.6 -1.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.9 39 21 7.6 -1.3
MGMT Ballast Small/Mid Cap ETF 1.8 110 -50 7.4 -1.5
FLRG Fidelity U.S. Multifactor ETF 1.8 29 31 8.0 -0.9
VBR Vanguard Small Cap Value Index Fund 1.8 7 53 9.2 +0.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.7 75 -15 3.4 -5.5
IJJ iShares S&P Mid-Cap 400 Value ETF 1.7 18 42 9.4 +0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 1.7 15 45 9.5 +0.6
MJ ETFMG Alternative Harvest ETF 1.6 75 -15 0.0 -8.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.6 7 53 5.9 -3.0
XJR iShares ESG Screened S&P Small-Cap ETF 1.6 12 48 7.6 -1.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.6 15 45 8.3 -0.6
HDUS Hartford Disciplined US Equity ETF 1.6 19 41 7.1 -1.8
ONEY SPDR Russell 1000 Yield Focus ETF 1.6 20 40 10.8 +1.9
DIV Global X SuperDividend US ETF 1.6 45 15 9.2 +0.3
VOE Vanguard Mid-Cap Value Index Fund 1.5 7 53 8.6 -0.3
JHSC John Hancock Multifactor Small Cap ETF 1.5 42 18 7.1 -1.8
SCHM Schwab U.S. Mid-Cap ETF 1.5 4 56 6.5 -2.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 6.7 -2.2
FLDZ RiverNorth Volition America Patriot ETF 1.5 70 -10 6.9 -2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.5 18 42 9.0 +0.1
YOLO AdvisorShares Pure Cannabis ETF 1.5 76 -16 -73.8 -82.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 1.4 35 25 8.5 -0.4
VIOO Vanguard S&P Small-Cap 600 ETF 1.4 10 50 8.1 -0.8
IJR iShares Core S&P Small Cap ETF 1.4 6 54 8.1 -0.8
SLY SPDR S&P 600 Small Cap ETF 1.4 15 45 8.1 -0.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.4 5 55 8.2 -0.7
MDY SPDR S&P Midcap 400 ETF Trust 1.4 22 38 8.2 -0.7
FSMD Fidelity Small-Mid Factor ETF 1.4 29 31 8.2 -0.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.4 15 45 9.5 +0.6
VO Vanguard Mid-Cap Index Fund 1.4 4 56 6.8 -2.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 36 8.7 -0.2
IMCB iShares Morningstar Mid-Cap ETF 1.4 4 56 6.9 -2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 56 6.9 -2.0
IJH iShares Core S&P Mid-Cap ETF 1.4 5 55 8.4 -0.5
SPMD SPDR Portfolio Mid Cap ETF 1.4 5 55 8.3 -0.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.3 10 50 5.6 -3.3
VOT Vanguard Mid-Cap Growth Index Fund 1.3 7 53 5.0 -3.9
BKSE BNY Mellon US Small Cap Core Equity ETF 1.3 4 56 6.1 -2.8
IVRA Invesco Real Assets ESG ETF 1.3 59 1 7.0 -1.9
IWM iShares Russell 2000 ETF 1.3 19 41 4.5 -4.4
HAPY Harbor Corporate Culture Leaders ETF 1.3 36 24 4.8 -4.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.3 40 20 8.2 -0.7
SMLE Xtrackers S&P SmallCap 600 ESG ETF 1.3 15 45 8.4 -0.5
FQAL Fidelity Quality Factor ETF 1.3 29 31 7.0 -1.9
VTWO Vanguard Russell 2000 Index Fund 1.3 10 50 4.4 -4.5
ESIX SPDR S&P SmallCap 600 ESG ETF 1.3 12 48 8.5 -0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.3 15 45 8.9 -0.0
VB Vanguard Small-Cap ETF 1.2 5 55 6.1 -2.8
SIXL 6 Meridian Low Beta Equity Strategy ETF 1.2 82 -22 6.7 -2.2
DEW WisdomTree Global High Dividend Fund 1.2 58 2 10.5 +1.6
VXF Vanguard Extended Market Index Fund 1.2 6 54 4.3 -4.6
USMF WisdomTree U.S. Multifactor Fund 1.2 28 32 8.5 -0.4
XJH iShares ESG Screened S&P Mid-Cap ETF 1.2 12 48 8.3 -0.6
IWR iShares Russell Midcap ETF 1.2 18 42 6.5 -2.4
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 54 8.5 -0.4
SCHA Schwab U.S. Small-Cap ETF 1.2 4 56 5.6 -3.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.2 15 45 8.4 -0.5
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 1.2 19 41 8.5 -0.4
FLQL Franklin LibertyQ U.S. Equity ETF 1.2 15 45 7.8 -1.1
ISCB iShares Morningstar Small-Cap ETF 1.1 4 56 5.2 -3.7
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 54 2.1 -6.8
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.1 69 -9 8.0 -1.0
RYJ Invesco Raymond James SB-1 Equity ETF 1.1 81 -21 5.4 -3.6
XSMO Invesco S&P SmallCap Momentum ETF 1.1 39 21 6.5 -2.4
RNSC Small Cap US Equity Select ETF 1.1 60 0 9.0 +0.1
DHS WisdomTree U.S. High Dividend Fund 1.1 38 22 10.1 +1.2
IVOO Vanguard S&P Mid-Cap 400 ETF 1.1 10 50 8.3 -0.6
FYT First Trust Small Cap Value AlphaDEX Fund 1.1 71 -11 11.8 +2.9
AFSM First Trust Active Factor Small Cap ETF 1.0 75 -15 10.1 +1.2
XMMO Invesco S&P MidCap Momentum ETF 1.0 33 27 6.7 -2.2
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 43 7.2 -1.7
ROSC Hartford Multifactor Small Cap ETF 1.0 34 26 11.5 +2.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.0 15 45 7.3 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.0 39 21 14.2 +5.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.0 25 35 6.6 -2.4
RNMC Mid Cap US Equity Select ETF 1.0 60 0 8.9 +0.0
STXK Strive Small-Cap ETF 1.0 18 42 5.4 -3.5
FUNL CornerCap Fundametrics Large-Cap ETF 1.0 50 10 8.7 -0.2
BRNY Burney U.S. Factor Rotation ETF 1.0 79 -19 8.2 -0.7
NTZG Nuveen Global Net Zero Transition ETF 1.0 55 5 5.5 -3.4
WDIV SPDR Global Dividend ETF 1.0 40 20 11.5 +2.6
CLRG IQ Chaikin U.S. Large Cap ETF 1.0 25 35 7.2 -1.7
WTRE WisdomTree New Economy Real Estate Fund 0.9 58 2 5.1 -3.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.9 20 40 7.0 -1.9
DEF Invesco Defensive Equity ETF 0.9 55 5 7.0 -1.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 45 7.0 -1.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 42 7.0 -1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 4.1 -4.8
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 7.0 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.9 20 40 7.9 -1.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.9 10 50 5.6 -3.3
CGUS Capital Group Core Equity ETF 0.9 33 27 5.8 -3.2
STXV Strive 1000 Value ETF 0.9 18 42 8.7 -0.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 4.7 -4.2
SPRE SP Funds S&P Global REIT Sharia ETF 0.8 69 -9 5.1 -3.8
SFYX Sofi Next 500 ETF 0.8 0 60 6.2 -2.7
DTD WisdomTree U.S.Total Dividend Fund 0.8 28 32 7.6 -1.3
FDMO Fidelity Momentum Factor ETF 0.8 29 31 5.1 -3.8
AFMC First Trust Active Factor Mid Cap ETF 0.8 65 -5 9.8 +0.9
AUSF Global X Adaptive U.S. Factor ETF 0.8 27 33 10.3 +1.4
EZM WisdomTree U.S. MidCap Earnings Fund 0.8 38 22 11.3 +2.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.8 64 -4 8.0 -1.0
JHMM John Hancock Multifactor Mid Cap ETF 0.8 41 19 7.7 -1.2
WLDR Affinity World Leaders Equity ETF 0.8 67 -7 9.6 +0.7
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 61 -1 8.2 -0.7
AFLG First Trust Active Factor Large Cap ETF 0.8 55 5 7.5 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -15 7.5 -1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 51 6.9 -2.0
IMCG iShares Morningstar Mid-Cap Growth ETF 0.8 6 54 5.0 -3.9
SDIV Global X SuperDividend ETF 0.8 58 2 20.4 +11.5
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 31 6.6 -2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 15 45 7.2 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 32 7.3 -1.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 70 -10 2.0 -6.9
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.7 20 40 6.7 -2.2
SIZE iShares MSCI USA Size Factor ETF 0.7 15 45 6.7 -2.2
CZA Invesco Zacks Mid-Cap ETF 0.6 69 -9 7.5 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 51 6.9 -2.1
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 21 10.0 +1.1
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 48 9.7 +0.8
IWD iShares Russell 1000 Value ETF 0.6 18 42 7.5 -1.5
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 52 7.6 -1.4
FMIL Fidelity New Millennium ETF 0.6 59 1 6.3 -2.6
ISMD Inspire Small/Mid Cap Impact ETF 0.6 48 12 5.8 -3.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 -5 4.7 -4.2
VBK Vanguard Small-Cap Growth Index Fund 0.6 7 53 1.7 -7.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 48 6.7 -2.2
GLIF AGFiQ Global Infrastructure ETF 0.6 45 15 6.2 -2.7
SPMO Invesco S&P 500 Momentum ETF 0.6 13 47 7.5 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 7.6 -1.3
IWC iShares Micro-Cap ETF 0.5 60 0 -3.9 -12.8
SMMD iShares Russell 2500 ETF 0.5 15 45 6.3 -2.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.5 17 43 5.7 -3.2
SMDY Syntax Stratified MidCap ETF 0.5 35 25 8.1 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.5 30 30 6.0 -2.9
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 50 5.9 -3.1
FTC First Trust Large Cap Growth AlphaDEX Fund 0.5 59 1 4.7 -4.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 6.3 -2.6
RNDV US Equity Dividend Select ETF 0.5 50 10 10.4 +1.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 30 8.9 +0.0
BLES Inspire Global Hope Large Cap ETF 0.5 49 11 7.3 -1.6
REVS Columbia Research Enhanced Value ETF 0.5 19 41 9.1 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 31 8.3 -0.6
PFM Invesco Dividend Achievers ETF 0.4 53 7 6.4 -2.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 -3 3.6 -5.3
TMFX Motley Fool Next Index ETF 0.4 50 10 3.7 -5.2
ILCV iShares Morningstar Value ETF 0.4 4 56 7.7 -1.2
SFY SoFi Select 500 ETF 0.4 0 60 5.8 -3.1
FDLO Fidelity Low Volatility Factor ETF 0.4 29 31 5.9 -3.0
VTV Vanguard Value Index Fund 0.4 4 56 8.0 -0.9
IUSV iShares Core S&P U.S. Value ETF 0.4 4 56 6.9 -2.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 40 8.9 0.0
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 7.0 -1.9
RESP WisdomTree US ESG Fund of Benef Interest 0.4 28 32 7.2 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 51 6.8 -2.1
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 12.0 +3.1
SSLY Syntax Stratified SmallCap ETF 0.4 35 25 7.2 -1.7
VEGN US Vegan Climate ETF 0.4 60 0 5.5 -3.4
CSML IQ Chaikin U.S. Small Cap ETF 0.4 35 25 6.6 -2.3
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 0.4 15 45 7.3 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 35 7.8 -1.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.4 30 30 8.9 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 5.9 -3.0
IWV iShares Russell 3000 ETF 0.3 20 40 5.7 -3.2
VTHR Vanguard Russell 3000 Index Fund 0.3 10 50 5.8 -3.1
VTI Vanguard Total Stock Market Index Fund 0.3 3 57 5.8 -3.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 6.0 -2.9
RNLC Large Cap US Equity Select ETF 0.3 60 0 7.6 -1.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.3 60 0 6.2 -2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 35 6.6 -2.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.3 17 43 8.4 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -10 12.9 +4.0
IYY iShares Dow Jones U.S. ETF 0.3 20 40 5.9 -3.1
VOOV Vanguard S&P 500 Value ETF 0.3 10 50 6.6 -2.3
IVE iShares S&P 500 Value ETF 0.3 18 42 6.5 -2.4
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 56 6.7 -2.2
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 6.5 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 69 -9 11.4 +2.5
SCHK Schwab 1000 Index ETF 0.3 5 55 6.0 -2.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 53 5.9 -3.0
LGLV SPDR Russell 1000 Low Volatility ETF 0.3 12 48 6.0 -2.9
EES WisdomTree SmallCap Earnings Fund 0.3 38 22 12.4 +3.5
SHE SPDR SSGA Gender Diversity Index ETF 0.3 20 40 6.0 -2.9
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 48 8.5 -0.4
VONE Vanguard Russell 1000 ETF 0.3 8 52 6.0 -2.9
IWB iShares Russell 1000 ETF 0.3 15 45 5.9 -3.0
FDRR Fidelity Dividend ETF for Rising Rates 0.3 29 31 9.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 51 5.8 -3.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 27 33 6.4 -2.5
SPTM SPDR Portfolio Total Stock Market ETF 0.3 3 57 6.3 -2.6
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 7.8 -1.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 6.0 -2.9
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 57 6.0 -2.9
SCHX Schwab U.S. Large-Cap ETF 0.3 3 57 6.0 -2.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 48 6.0 -3.0
PBUS Invesco PureBeta MSCI USA ETF 0.3 4 56 6.0 -2.9
FVAL Fidelity Value Factor ETF 0.3 29 31 9.2 +0.3
GSPY Gotham Enhanced 500 ETF 0.3 50 10 6.3 -2.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 1 7.4 -1.5
IWO iShares Russell 2000 Growth ETF 0.3 23 37 2.8 -6.1
YPS Arrow Reverse Cap 500 ETF 0.2 29 31 6.9 -2.0
VTWG Vanguard Russell 2000 Growth Index Fund 0.2 15 45 2.9 -6.0
MSOS AdvisorShares Pure US Cannabis ETF 0.2 73 -13 -5.4 -14.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 5.9 -3.0
VV Vanguard Large-Cap Index Fund 0.2 4 56 6.0 -3.0
VOTE Engine No. 1 Transform 500 ETF 0.2 5 55 6.0 -2.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 59 1 8.3 -0.6
STRV Strive 500 ETF 0.2 5 55 6.0 -3.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 45 5.7 -3.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 27 33 5.5 -3.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 6.0 -2.9
ESG FlexShares STOXX US ESG Impact Index Fund 0.2 32 28 5.8 -3.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 6.5 -2.4
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 6.0 -2.9
BFTR Future Innovators ETF 0.2 80 -20 2.4 -6.5
RVRB Reverb ETF 0.2 30 30 5.9 -3.0
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 27 33 5.8 -3.1
VT Vanguard Total World Stock ETF 0.2 7 53 6.7 -2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 5.9 -3.0
IVV iShares Core S&P 500 ETF 0.2 3 57 6.1 -2.8
IQSU IQ Candriam ESG US Equity ETF 0.2 9 51 5.6 -3.3
SPY SPDR S&P 500 ETF Trust 0.2 9 51 6.1 -2.9
SPLG SPDR Portfolio S&P 500 ETF 0.2 3 57 6.1 -2.8
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.2 15 45 6.2 -2.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 6.5 -2.4
TOK iShares MSCI Kokusai ETF 0.2 25 35 6.3 -2.6
VOO VANGUARD S&P 500 ETF 0.2 3 57 6.1 -2.8
URTH iShares MSCI World ETF 0.2 24 36 6.5 -2.5
RECS Columbia Research Enhanced Core ETF 0.2 15 45 7.1 -1.8
VDNI V-Shares US Leadership Diversity ETF 0.2 29 31 6.3 -2.6
ACWI iShares MSCI ACWI ETF 0.2 32 28 6.5 -2.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 30 8.9 +0.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.2 25 35 7.7 -1.2
ILCG iShares Morningstar Growth ETF 0.2 4 56 4.8 -4.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 40 8.5 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 6.2 -2.7
DIVB iShares Core Dividend 0.1 5 55 8.9 +0.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.1 70 -10 3.2 -5.7
IUSG iShares Core S&P US Growth ETF 0.1 4 56 6.2 -2.7
ROUS Hartford Multifactor US Equity ETF 0.1 19 41 8.6 -0.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 21 10.5 +1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.1 42 18 6.4 -2.5
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 7.4 -1.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 21 10.0 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 52 7.5 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 5.8 -3.1
VUG Vanguard Growth Index Fund 0.1 4 56 4.8 -4.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 6.7 -2.2
IVW iShares S&P 500 Growth ETF 0.1 18 42 6.0 -2.9
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 56 6.2 -2.8
VOOG Vanguard S&P 500 Growth ETF 0.1 10 50 6.1 -2.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 35 7.8 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 6.7 -2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 6.8 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 6.4 -2.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 6.1 -2.8
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -15 4.9 -4.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 39 4.1 -4.9
STXG Strive 1000 Growth ETF 0.1 18 42 5.2 -3.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -15 6.6 -2.3
HKND Humankind US Stock ETF 0.1 11 49 7.4 -1.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 46 6.1 -2.8
VALQ American Century STOXX U.S. Quality Value ETF 0.0 29 31 10.0 +1.1
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 6.3 -2.6
ACVF American Conservative Values ETF 0.0 75 -15 5.3 -3.6
RWL Invesco S&P 500 Revenue ETF 0.0 39 21 7.5 -1.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 7.1 -1.8
SQEW LeaderShares Equity Skew ETF 0.0 75 -15 5.4 -3.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2018 2019 2020 2021 2022 2023E 2024E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 NETLease Corporate Real Estate ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.50
 
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.