NETLease Corporate Real Estate ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 6.6x
P/BV
ratio		 1.4x Div.
yield		 5.8%


  • 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) $44
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) $11,114
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
REALTY INCOME CORP 8.0 %
WP CAREY INC 7.8 %
STAG INDUSTRIAL INC 7.7 %
VICI PROPERTIES INC 7.7 %
AGREE REALTY CORP 7.4 %
GLOBAL NET LEASE INC 4.3 %
LEXINGTON REALTY TRUST 4.1 %
BROADSTONE NET LEASE, INC. 4.1 %
INNOVATIVE INDUSTRIAL PROPERTIES I 4.1 %
EPR PROPERTIES 4.0 %
Total 59.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.1% 6.1% 2.8% -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.36 18%
MSCI EAFE 0.56 31%
MSCI Emg. Mkts. 0.37 15%

Technical Indicators
Recent close $24.51
30d moving avg. $23.87
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.7%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 376 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™: 7.9%


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 28.7 35 25 6.0 -1.9
RDOG ALPS REIT Dividend Dogs ETF 26.3 35 25 10.1 +2.2
SRET Global X SuperDividend REIT ETF 22.0 59 1 11.3 +3.4
RIET Hoya Capital High Dividend Yield ETF 17.1 50 10 16.2 +8.4
IRET iREIT - MarketVector Quality REIT Index ETF 16.9 60 0 6.6 -1.3
BLDG Cambria Global Real Estate ETF 15.6 60 0 11.1 +3.2
USRT iShares Core U.S. REIT ETF 13.6 8 52 7.6 -0.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.5 11 49 7.6 -0.3
FRI First Trust S&P REIT Index Fund 13.4 50 10 7.2 -0.7
DFAR Dimensional US Real Estate ETF 13.1 19 41 7.8 -0.1
PPTY US Diversified Real Estate ETF 12.7 53 7 7.8 -0.1
SCHH Schwab U.S. REIT ETF 12.2 7 53 7.8 -0.1
REAI Intelligent Real Estate ETF 11.9 59 1 14.2 +6.3
RWR State Street SPDR Dow Jones REIT ETF 10.7 25 35 7.2 -0.7
BJK VanEck Gaming ETF 10.6 65 -5 3.8 -4.1
IYR iShares U.S. Real Estate ETF 10.4 40 20 7.1 -0.7
VNQ Vanguard Real Estate ETF 10.3 13 47 7.1 -0.8
FREL Fidelity MSCI Real Estate Index ETF 10.2 8 52 7.3 -0.6
FPRO Fidelity Real Estate Investment ETF 9.9 59 1 6.1 -1.8
ERET iShares Environmentally Aware Real Estate ETF 9.4 30 30 7.0 -0.9
REET iShares Global REIT ETF 8.9 14 46 7.2 -0.6
BYRE Principal Real Estate Active Opportunities ETF 8.9 65 -5 6.3 -1.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 8.7 60 0 5.4 -2.5
GQRE FlexShares Global Quality Real Estate Index Fund 8.7 45 15 7.5 -0.3
INDS Pacer Industrial Real Estate ETF 8.7 55 5 6.2 -1.7
DFGR Dimensional Global Real Estate ETF 8.6 22 38 7.4 -0.5
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 6.8 -1.1
AVRE Avantis Real Estate ETF 8.1 17 43 7.0 -0.9
ICF iShares Cohen & Steers REIT ETF 8.0 33 27 7.7 -0.2
XLRE Real Estate Select Sector SPDR Fund 7.8 8 52 7.4 -0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.5 80 -20 6.8 -1.0
BEDZ AdvisorShares Hotel ETF 7.4 100 -40 6.0 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 7.3 50 10 6.6 -1.3
DESK VanEck Office and Commercial REIT ETF 7.2 50 10 14.6 +6.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.7 30 30 15.6 +7.7
JRE Janus Henderson U.S. Real Estate ETF 6.5 65 -5 7.6 -0.3
ICAP InfraCap Equity Income Fund ETF 6.5 171 -111 3.8 -4.1
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 7.8 -0.1
PSR Invesco Active U.S. Real Estate Fund 5.9 35 25 7.5 -0.4
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 7.8 -0.1
VICE AdvisorShares Vice ETF 4.8 99 -39 6.0 -1.9
TMFS Motley Fool Small-Cap Growth ETF 4.6 85 -25 2.4 -5.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.5 30 30 9.7 +1.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 4.4 27 33 6.7 -1.2
VRAI Virtus Real Asset Income ETF 4.3 55 5 9.6 +1.8
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 31 8.6 +0.8
VFMV Vanguard U.S. Minimum Volatility ETF 4.0 13 47 5.3 -2.6
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 6.4 -1.5
UDI USCF Dividend Income Fund 3.6 65 -5 7.3 -0.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.5 20 40 5.5 -2.4
SIXL ETC 6 Meridian Low Beta Equity ETF 3.5 80 -20 5.8 -2.1
SIXS ETC 6 Meridian Small Cap Equity ETF 3.1 89 -29 8.6 +0.7
OSCV Opus Small Cap Value ETF 3.1 79 -19 6.3 -1.6
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 10.4 +2.5
JHDV John Hancock U.S. High Dividend ETF 3.1 34 26 6.0 -1.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.1 70 -10 4.6 -3.3
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.9 56 4 5.8 -2.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.9 25 35 6.9 -1.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.8 10 50 7.8 -0.1
KONG Formidable Fortress ETF 2.8 89 -29 5.0 -2.9
ULVM VictoryShares US Value Momentum ETF 2.7 20 40 6.5 -1.4
JPRE JPMorgan Realty Income ETF 2.7 50 10 7.6 -0.2
SDY State Street SPDR S&P Dividend ETF 2.6 35 25 6.1 -1.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.5 60 0 5.6 -2.3
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.5 15 45 7.0 -0.9
TBG TBG Dividend Focus ETF 2.4 59 1 7.2 -0.7
FDVV Fidelity High Dividend ETF 2.3 15 45 7.0 -0.9
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.3 7 53 10.1 +2.2
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.3 12 48 6.8 -1.1
ABLD Abacus FCF Real Assets Leaders ETF 2.3 69 -9 6.3 -1.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 5.2 -2.7
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.2 -2.7
DIVE Dana Concentrated Dividend ETF 2.2 65 -5 6.7 -1.2
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.1 20 40 9.1 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.1 24 36 7.3 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 42 7.0 -0.9
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 2.0 12 48 5.4 -2.5
RJDI RJ Eagle GCM Dividend Select Income ETF 2.0 55 5 4.8 -3.1
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 26 3.7 -4.2
DIV Global X SuperDividend US ETF 1.9 45 15 10.7 +2.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 45 6.3 -1.6
SMDV ProShares Russell 2000 Dividend Growers ETF 1.9 40 20 7.0 -0.9
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 48 6.2 -1.7
FUNL CornerCap Fundametrics Large-Cap ETF 1.9 50 10 6.3 -1.5
FCPI Fidelity Stocks for Inflation ETF 1.9 15 45 6.9 -1.0
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.9 79 -19 4.8 -3.1
DES WisdomTree U.S. SmallCap Dividend Fund 1.9 38 22 8.2 +0.3
BGIG Bahl & Gaynor Income Growth ETF 1.8 45 15 4.6 -3.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 20 6.7 -1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 31 7.0 -0.9
SDIV Global X Superdividend ETF 1.7 58 2 15.5 +7.6
IJJ iShares S&P Mid-Cap 400 Value ETF 1.7 18 42 7.6 -0.2
MDY SPDR S&P Midcap 400 ETF Trust 1.7 24 36 6.0 -1.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 25 6.5 -1.4
IJH iShares Core S&P Mid-Cap ETF 1.7 5 55 6.2 -1.6
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 43 4.8 -3.1
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.7 15 45 7.7 -0.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.7 73 -13 10.4 +2.5
MGMT Ballast Small/Mid Cap ETF 1.6 110 -50 6.8 -1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 1.6 7 53 6.3 -1.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.6 3 57 6.3 -1.6
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 7.8 -0.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 45 7.0 -0.9
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.6 15 45 4.8 -3.1
SMAP Amplify Small-Mid Cap Equity ETF 1.5 60 0 4.8 -3.1
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 6.3 -1.6
DON WisdomTree U.S. MidCap Dividend Fund 1.5 38 22 8.2 +0.3
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 6.7 -1.2
JHSC John Hancock Multifactor Small Cap ETF 1.5 42 18 5.8 -2.1
VBR Vanguard Small Cap Value ETF 1.5 7 53 7.9 +0.0
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 54 7.5 -0.3
JPSV JPMorgan Active Small Cap Value ETF 1.4 74 -14 7.7 -0.2
VOT Vanguard Mid-Cap Growth ETF 1.4 7 53 3.0 -4.9
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.2 -2.7
IWS iShares Russell Mid-Cap Value ETF 1.4 23 37 6.3 -1.6
HDUS Hartford Disciplined US Equity ETF 1.4 19 41 4.9 -2.9
MBOX Freedom Day Dividend ETF 1.4 39 21 6.8 -1.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.3 24 36 6.5 -1.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 25 5.6 -2.3
VTWV Vanguard Russell 2000 Value ETF 1.3 10 50 5.8 -2.1
BDIV AAM Brentview Dividend Growth ETF 1.3 49 11 3.7 -4.2
IWN iShares Russell 2000 Value ETF 1.3 24 36 5.8 -2.1
AFMC First Trust Active Factor Mid Cap ETF 1.3 65 -5 7.0 -0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 56 5.1 -2.8
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.3 20 40 7.2 -0.6
DEW WisdomTree Global High Dividend Fund 1.3 58 2 7.6 -0.3
FVD First Trust Value Line Dividend Index Fund 1.3 65 -5 5.7 -2.2
STXM Strive Mid-Cap ETF 1.3 18 42 5.5 -2.4
SFYF SoFi Social 50 ETF 1.2 29 31 0.9 -7.0
IVRA Invesco Real Assets ESG ETF 1.2 59 1 6.1 -1.7
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.6 -2.3
FSMD Fidelity Small-Mid Multifactor ETF 1.2 15 45 6.1 -1.8
USMF WisdomTree U.S. Multifactor Fund 1.2 28 32 6.4 -1.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 6.8 -1.1
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 -1 5.0 -2.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.2 35 25 6.3 -1.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 4.3 -3.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 7.3 -0.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 6.4 -1.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 21 10.7 +2.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.1 10 50 4.8 -3.1
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -12 6.7 -1.2
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -11 -1.3 -9.2
AFLG First Trust Active Factor Large Cap ETF 1.1 55 5 5.4 -2.5
IWR iShares Russell Midcap ETF 1.1 19 41 5.4 -2.5
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 7.1 -0.8
SCHM Schwab U.S. Mid-Cap ETF 1.0 4 56 6.0 -1.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.0 14 46 4.2 -3.7
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 42 8.7 +0.8
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 7.0 -0.9
RCGE RockCreek Global Equality ETF 1.0 95 -35 6.1 -1.8
WDIV SPDR S&P Global Dividend ETF 1.0 40 20 8.4 +0.5
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 48 6.7 -1.2
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 7.6 -0.3
ROE Astoria US Quality Kings ETF 1.0 49 11 5.6 -2.3
REVS Columbia Research Enhanced Value ETF 1.0 19 41 6.9 -1.0
SCHA Schwab U.S. Small-Cap ETF 1.0 4 56 4.9 -3.0
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 45 4.5 -3.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 53 5.0 -2.9
VLUE iShares MSCI USA Value Factor ETF 0.9 15 45 7.9 +0.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 45 8.7 +0.8
ISCB iShares Morningstar Small-Cap ETF 0.9 4 56 5.1 -2.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 2.7 -5.2
VB Vanguard Small-Cap ETF 0.9 5 55 5.3 -2.6
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 7.3 -0.6
VXF Vanguard Extended Market ETF 0.9 5 55 3.9 -4.0
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 43 6.0 -1.9
QDF FlexShares Quality Dividend Index Fund 0.9 37 23 5.4 -2.5
IJR iShares Core S&P Small Cap ETF 0.9 6 54 6.7 -1.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 45 5.2 -2.6
AUSF Global X Adaptive U.S. Factor ETF 0.9 27 33 8.0 +0.1
AFSM First Trust Active Factor Small Cap ETF 0.9 75 -15 6.5 -1.4
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 5.7 -2.2
ROSC Hartford Multifactor Small Cap ETF 0.9 34 26 8.0 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.9 30 30 3.8 -4.0
VO Vanguard Mid-Cap ETF 0.9 4 56 5.3 -2.6
STXK Strive Small-Cap ETF 0.9 18 42 5.3 -2.6
PSC Principal U.S. Small-Cap ETF 0.9 38 22 5.9 -2.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 35 6.7 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 7 53 6.7 -1.2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 57 6.7 -1.2
CGUS Capital Group Core Equity ETF 0.8 33 27 3.8 -4.1
ETHO Etho Climate Leadership U.S. ETF 0.8 47 13 4.7 -3.2
SFYX SoFi Next 500 ETF 0.8 0 60 5.0 -2.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 18 42 4.6 -3.2
RSSL Global X Russell 2000 ETF 0.8 8 52 3.2 -4.7
IQRA IQ CBRE Real Assets ETF 0.8 65 -5 5.4 -2.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 56 5.1 -2.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.7 15 45 4.7 -3.2
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.7 5 55 7.2 -0.7
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.7 12 48 7.2 -0.7
SIZE iShares MSCI USA Size Factor ETF 0.7 15 45 5.5 -2.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.7 70 -10 1.7 -6.2
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 56 5.5 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 5.5 -2.4
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 48 6.9 -1.0
CGDV Capital Group Dividend Value ETF 0.7 33 27 4.0 -3.9
IWM iShares Russell 2000 ETF 0.6 19 41 3.1 -4.7
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 18 5.4 -2.5
EES WisdomTree U.S. SmallCap Fund 0.6 38 22 7.6 -0.3
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 42 5.9 -2.0
FDLO Fidelity Low Volatility Factor ETF 0.6 15 45 4.8 -3.1
ROUS Hartford Multifactor US Equity ETF 0.6 19 41 6.0 -1.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 3.5 -4.4
MAGA Point Bridge America First ETF 0.6 72 -12 5.7 -2.2
VTWO Vanguard Russell 2000 ETF 0.6 7 53 3.3 -4.6
FLRG Fidelity U.S. Multifactor ETF 0.6 15 45 6.0 -1.8
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.6 20 40 5.8 -2.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.6 10 50 8.6 +0.7
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 47 9.0 +1.1
VOE Vanguard Mid-Cap Value ETF 0.5 7 53 6.9 -1.0
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 35 4.5 -3.4
DTD WisdomTree U.S. Total Dividend Fund 0.5 28 32 5.6 -2.3
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 17 5.1 -2.7
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 45 6.1 -1.8
STXV Strive 1000 Value ETF 0.5 18 42 7.2 -0.7
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 38 5.1 -2.8
SMMD iShares Russell 2500 ETF 0.5 15 45 5.8 -2.1
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 4.8 -3.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 10 50 5.0 -2.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 8.7 +0.9
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 9.1 +1.2
FVAL Fidelity Value Factor ETF 0.5 15 45 5.9 -2.0
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 23 5.3 -2.6
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 0 8.8 +1.0
FELC Fidelity Enhanced Large Cap Core ETF 0.5 18 42 4.5 -3.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 48 5.7 -2.2
IWD iShares Russell 1000 Value ETF 0.4 19 41 5.6 -2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -4 0.9 -7.0
VONV Vanguard Russell 1000 Value ETF 0.4 7 53 5.7 -2.2
APUE ActivePassive U.S. Equity ETF 0.4 45 15 3.9 -4.0
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 56 5.9 -2.0
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.4 12 48 6.5 -1.4
RECS Columbia Research Enhanced Core ETF 0.4 15 45 5.0 -2.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 54 2.5 -5.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 51 5.4 -2.5
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 5.9 -2.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 5.2 -2.7
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 7.9 +0.0
BIBL Inspire 100 ETF 0.4 35 25 4.4 -3.5
IUSV iShares Core S&P US Value ETF 0.4 4 56 5.7 -2.2
IWC iShares Micro-Cap ETF 0.4 60 0 -1.3 -9.1
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 4.7 -3.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 7.7 -0.2
NUMV Nuveen ESG Mid-Cap Value ETF 0.4 31 29 6.1 -1.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -7 8.8 +0.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 3.0 -4.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 4.8 -3.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 43 5.2 -2.7
TMFX Motley Fool Next Index ETF 0.3 50 10 2.7 -5.2
DLN WisdomTree U.S. LargeCap Dividend Fund 0.3 28 32 5.3 -2.6
PFM Invesco Dividend Achievers ETF 0.3 53 7 4.6 -3.3
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 5.5 -2.4
IVE iShares S&P 500 Value ETF 0.3 18 42 5.4 -2.5
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 5.6 -2.3
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.5 -4.4
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 3.9 -3.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.5 -3.4
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 5.9 -2.0
FDMO Fidelity Momentum Factor ETF 0.3 15 45 3.0 -4.9
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.3 -3.6
DIVB iShares Core Dividend ETF 0.3 5 55 7.3 -0.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 8.2 +0.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 4.7 -3.2
FQAL Fidelity Quality Factor ETF 0.3 15 45 4.8 -3.1
ILCV iShares Morningstar Value ETF 0.3 4 56 5.6 -2.3
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.3 25 35 4.2 -3.7
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.3 60 0 4.5 -3.4
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 4.6 -3.3
WLDR Affinity World Leaders Equity ETF 0.3 67 -7 6.4 -1.5
PTL Inspire 500 ETF 0.2 9 51 4.7 -3.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 25 4.5 -3.4
SCHB Schwab U.S. Broad Market ETF 0.2 3 57 4.3 -3.6
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 45 5.1 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 4.8 -3.1
IWV iShares Russell 3000 ETF 0.2 20 40 4.0 -3.9
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.2 -3.7
VTV Vanguard Value ETF 0.2 4 56 6.0 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 57 4.2 -3.7
BLES Inspire Global Hope ETF 0.2 61 -1 6.1 -1.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 48 3.8 -4.1
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 41 4.8 -3.1
NUSC Nuveen ESG Small-Cap ETF 0.2 31 29 4.5 -3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 51 4.6 -3.3
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.2 -3.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 54 3.6 -4.3
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.5 -6.4
GSPY Gotham Enhanced 500 ETF 0.2 50 10 4.4 -3.5
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 4.4 -3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 0 5.9 -2.0
SCHK Schwab 1000 Index ETF 0.2 5 55 4.3 -3.6
RITA ETFB Green SRI REITs ETF 0.2 50 10 5.5 -2.4
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.2 -3.6
IWB iShares Russell 1000 ETF 0.2 15 45 4.1 -3.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 4.8 -3.1
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 4.6 -3.3
VEGN US Vegan Climate ETF 0.2 60 0 3.8 -4.1
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.1 -3.8
PBUS Invesco MSCI USA ETF 0.2 4 56 4.2 -3.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.2 -3.7
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.1 -3.8
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 4.9 -2.9
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.3 -3.6
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.2 15 45 5.0 -2.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.3 -3.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.2 -3.7
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.9 -2.0
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 4.4 -3.5
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 4.4 -3.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 6.4 -1.5
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 20 4.2 -3.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 8.4 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.0 -3.9
FESM Fidelity Enhanced Small Cap ETF 0.2 28 32 2.8 -5.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.1 -3.8
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 4.5 -3.4
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 9.2 +1.3
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.1 -3.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.3 -3.6
VOTE TCW Transform 500 ETF 0.2 5 55 4.2 -3.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 4.5 -3.4
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 5.9 -1.9
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.0 -3.9
SFY SoFi Select 500 ETF 0.1 0 60 3.8 -4.1
VV Vanguard Large-Cap ETF 0.1 4 56 4.2 -3.7
VT Vanguard Total World Stock ETF 0.1 6 54 5.1 -2.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 4.7 -3.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 4.2 -3.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.2 -3.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.1 -3.8
GXLC Global X U.S. 500 ETF 0.1 2 58 4.1 -3.8
IVV iShares Core S&P 500 ETF 0.1 3 57 4.2 -3.7
SPY SPDR S&P 500 ETF 0.1 9 51 4.2 -3.7
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.2 -3.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 5.6 -2.3
RAUS RACWI US ETF 0.1 15 45 4.2 -3.7
VOO Vanguard S&P 500 ETF 0.1 3 57 4.2 -3.6
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.3 -3.6
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.3 -3.6
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 45 4.3 -3.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 3.4 -4.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.4 -3.5
STRV Strive 500 ETF 0.1 5 55 4.1 -3.8
RVRB Reverb ETF 0.1 30 30 3.9 -4.0
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 42 4.0 -3.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 3.8 -4.1
URTH iShares MSCI World ETF 0.1 24 36 4.4 -3.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 6.4 -1.5
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.7 -3.2
VUG Vanguard Growth ETF 0.1 4 56 3.3 -4.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.3 -2.6
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.2 -2.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 5.0 -2.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.0 -3.9
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 3.9 -4.0
OPTZ Optimize Strategy Index ETF 0.1 50 10 4.2 -3.7
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -65 6.1 -1.8
STXG Strive 1000 Growth ETF 0.1 18 42 3.1 -4.8
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 3.3 -4.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 3.6 -4.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.3 -3.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.1 -2.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.1 -2.8
STXD Strive 1000 Dividend Growth ETF 0.1 35 25 4.2 -3.7
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 5.9 -2.0
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 18 3.9 -4.0
ILCG iShares Morningstar Growth ETF 0.0 4 56 3.0 -4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 4.9 -3.0
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 4.7 -3.2
TEXN iShares Texas Equity ETF 0.0 20 40 5.5 -2.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.1 -4.8
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.6 -7.3
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 0.8 -7.1
ACVF American Conservative Values ETF 0.0 75 -15 3.6 -4.3
GEW Cambria Global EW ETF 0.0 29 31 5.3 -2.5
EBI Longview Advantage ETF 0.0 35 25 5.8 -2.1

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 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.