NETLease Corporate Real Estate ETF
ALTAR
Score™		 8.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.3x P/Sales
ratio		 6.6x
P/BV
ratio		 1.3x Div.
yield		 6.5%


  • 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) $42
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) $10,774
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
WP CAREY INC 8.4 %
REALTY INCOME CORP 8.2 %
VICI PROPERTIES INC 8.0 %
NATIONAL RETAIL PROPERTIES 7.9 %
AGREE REALTY CORP 7.4 %
BROADSTONE NET LEASE, INC. 4.5 %
NETSTREIT CORP. 4.3 %
LEXINGTON REALTY TRUST 4.1 %
GLOBAL NET LEASE INC 4.0 %
EPR PROPERTIES 4.0 %
Total 60.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.5% -3.6% 5.5% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.83 46%
MSCI EAFE 0.80 49%
MSCI Emg. Mkts. 0.63 32%

Technical Indicators
Recent close $24.82
30d moving avg. $24.56
Annualized volatility 18.6%
Short interest (ETF) 0.5%
Short interest (Underlying) 3.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 369 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™: 8.4%


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 29.3 35 25 9.4 +1.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 26.4 35 25 8.4 +0.0
SRET Global X SuperDividend REIT ETF 23.3 59 1 12.0 +3.6
IRET iREIT - MarketVector Quality REIT Index ETF 22.3 60 0 7.1 -1.2
RIET Hoya Capital High Dividend Yield ETF 15.4 50 10 48.5 +40.2
BLDG Cambria Global Real Estate ETF 14.6 60 0 11.5 +3.1
FRI First Trust S&P REIT Index Fund 14.2 50 10 7.4 -0.9
USRT iShares Core U.S. REIT ETF 14.1 8 52 7.9 -0.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 14.0 11 49 7.9 -0.4
DFAR Dimensional US Real Estate ETF 13.3 19 41 8.1 -0.3
PPTY US Diversified Real Estate ETF 12.6 53 7 7.9 -0.4
SCHH Schwab U.S. REIT ETF 12.5 7 53 8.1 -0.3
FREL Fidelity MSCI Real Estate Index ETF 11.0 8 52 7.5 -0.8
RWR SPDR Dow Jones REIT ETF 10.9 25 35 7.6 -0.8
VNQ Vanguard Real Estate ETF 10.8 13 47 7.4 -1.0
IYR iShares U.S. Real Estate ETF 10.5 40 20 7.5 -0.9
ERET iShares Environmentally Aware Real Estate ETF 10.3 30 30 7.3 -1.1
REET iShares Global REIT ETF 10.0 14 46 7.5 -0.9
GQRE FlexShares Global Quality Real Estate Index Fund 10.0 45 15 7.8 -0.6
BJK VanEck Gaming ETF 9.9 65 -5 4.1 -4.3
DFGR Dimensional Global Real Estate ETF 9.2 22 38 7.4 -0.9
INDS Pacer Industrial Real Estate ETF 9.2 55 5 6.8 -1.5
PSR Invesco Active U.S. Real Estate Fund 9.1 35 25 8.0 -0.4
AVRE Avantis Real Estate ETF 9.0 17 43 7.2 -1.2
ICF iShares Cohen & Steers REIT ETF 8.5 33 27 8.0 -0.4
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 7.6 -0.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.3 80 -20 7.9 -0.5
BYRE Principal Real Estate Active Opportunities ETF 8.3 65 -5 6.6 -1.8
XLRE Real Estate Select Sector SPDR Fund 8.2 8 52 7.6 -0.8
VICE AdvisorShares Vice ETF 8.1 99 -39 6.1 -2.3
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 8.0 60 0 6.1 -2.3
RWO SPDR Dow Jones Global Real Estate ETF 7.7 50 10 6.9 -1.4
FPRO Fidelity Real Estate Investment ETF 7.3 59 1 6.6 -1.8
JRE Janus Henderson U.S. Real Estate ETF 7.1 65 -5 7.7 -0.7
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.6 40 20 7.8 -0.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.6 30 30 13.1 +4.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 6.2 27 33 7.0 -1.3
JPRE JPMorgan Realty Income ETF 6.2 50 10 8.3 -0.1
ICAP InfraCap Equity Income Fund ETF 6.1 171 -111 6.1 -2.3
DESK VanEck Office and Commercial REIT ETF 6.0 50 10 13.0 +4.6
VRAI Virtus Real Asset Income ETF 6.0 55 5 10.0 +1.7
REAI Intelligent Real Estate ETF 5.9 59 1 14.6 +6.3
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 7.5 -0.8
TMFS Motley Fool Small-Cap Growth ETF 4.8 85 -25 3.8 -4.6
ABLD Abacus FCF Real Assets Leaders ETF 4.8 69 -9 6.7 -1.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.6 30 30 9.0 +0.6
BEDZ AdvisorShares Hotel ETF 4.5 100 -40 6.8 -1.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.4 60 0 5.4 -3.0
UDI USCF Dividend Income Fund 4.1 65 -5 8.1 -0.3
JHDV John Hancock U.S. High Dividend ETF 4.1 34 26 6.5 -1.8
PSCF Invesco S&P SmallCap Financials ETF 4.1 29 31 9.2 +0.8
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 6.3 -2.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.5 70 -10 4.8 -3.5
IQRA IQ CBRE Real Assets ETF 3.5 65 -5 5.7 -2.6
IJJ iShares S&P Mid-Cap 400 Value ETF 3.3 18 42 8.7 +0.4
DES WisdomTree U.S. SmallCap Dividend Fund 3.2 38 22 9.3 +0.9
OSCV Opus Small Cap Value ETF 3.2 79 -19 6.5 -1.8
KONG Formidable Fortress ETF 3.2 89 -29 6.1 -2.3
DON WisdomTree U.S. MidCap Dividend Fund 3.2 38 22 8.9 +0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 3.2 10 50 8.9 +0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 3.2 15 45 8.7 +0.4
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 12.3 +3.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.0 20 40 6.3 -2.1
FDVV Fidelity High Dividend ETF 3.0 15 45 7.5 -0.8
SDY SPDR S&P Dividend ETF 2.9 35 25 6.7 -1.7
TBG TBG Dividend Focus ETF 2.9 59 1 7.9 -0.5
VFMV Vanguard U.S. Minimum Volatility ETF 2.9 13 47 5.7 -2.6
FCPI Fidelity Stocks for Inflation ETF 2.8 15 45 7.5 -0.9
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.8 15 45 7.6 -0.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.7 12 48 7.4 -1.0
SIXL ETC 6 Meridian Low Beta Equity ETF 2.7 80 -20 6.2 -2.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.6 60 0 6.1 -2.3
SPYD SPDR Portfolio S&P 500 High Dividend ETF 2.5 7 53 9.9 +1.5
AFMC First Trust Active Factor Mid Cap ETF 2.5 65 -5 8.3 -0.0
CGDG Capital Group Dividend Growers ETF 2.4 47 13 6.2 -2.1
ONEY SPDR Russell 1000 Yield Focus ETF 2.4 20 40 9.6 +1.2
DEW WisdomTree Global High Dividend Fund 2.3 58 2 8.3 -0.0
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.4 -3.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 5.5 -2.9
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 2.2 12 48 5.8 -2.6
DIV Global X SuperDividend US ETF 2.1 45 15 11.9 +3.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.0 24 36 8.1 -0.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 45 7.9 -0.5
XJH iShares ESG Screened S&P Mid-Cap ETF 2.0 12 48 7.1 -1.3
DIVL Madison Dividend Value ETF 2.0 65 -5 5.8 -2.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 2.0 15 45 7.3 -1.1
BGIG Bahl & Gaynor Income Growth ETF 2.0 45 15 5.2 -3.2
MGMT Ballast Small/Mid Cap ETF 2.0 110 -50 8.3 -0.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.9 40 20 7.2 -1.2
MDY SPDR S&P Midcap 400 ETF Trust 1.9 24 36 7.1 -1.2
IJH iShares Core S&P Mid-Cap ETF 1.9 5 55 7.3 -1.0
USMF WisdomTree U.S. Multifactor Fund 1.9 28 32 7.0 -1.4
FYT First Trust Small Cap Value AlphaDEX Fund 1.8 73 -13 10.5 +2.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.8 25 35 7.8 -0.5
IVOO Vanguard S&P Mid-Cap 400 ETF 1.8 7 53 7.4 -1.0
SDIV Global X Superdividend ETF 1.8 58 2 40.8 +32.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.8 3 57 7.3 -1.0
SMDV ProShares Russell 2000 Dividend Growers ETF 1.7 40 20 7.5 -0.9
VBR Vanguard Small Cap Value ETF 1.7 7 53 9.1 +0.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 25 9.4 +1.0
NUMV Nuveen ESG Mid-Cap Value ETF 1.7 31 29 7.0 -1.4
FUNL CornerCap Fundametrics Large-Cap ETF 1.7 50 10 7.2 -1.2
MBOX Freedom Day Dividend ETF 1.7 39 21 7.3 -1.0
IWN iShares Russell 2000 Value ETF 1.7 24 36 7.3 -1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.7 18 42 7.7 -0.7
DIVG Invesco S&P 500 High Dividend Growers ETF 1.7 39 21 8.4 +0.1
VTWV Vanguard Russell 2000 Value ETF 1.7 10 50 7.3 -1.1
SMAP Amplify Small-Mid Cap Equity ETF 1.6 60 0 5.6 -2.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.6 24 36 7.7 -0.7
XSMO Invesco S&P SmallCap Momentum ETF 1.6 39 21 5.6 -2.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.5 4 56 6.1 -2.2
IWS iShares Russell Mid-Cap Value ETF 1.5 23 37 6.8 -1.6
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 7.5 -0.8
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 6.5 -1.8
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 10 5.2 -3.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 31 8.2 -0.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 6.1 -2.2
RITA ETFB Green SRI REITs ETF 1.5 50 10 6.0 -2.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.5 20 40 7.7 -0.7
HDUS Hartford Disciplined US Equity ETF 1.5 19 41 5.6 -2.7
BDIV AAM Brentview Dividend Growth ETF 1.4 49 11 4.5 -3.8
ROSC Hartford Multifactor Small Cap ETF 1.4 34 26 9.2 +0.8
VOT Vanguard Mid-Cap Growth ETF 1.4 7 53 3.6 -4.8
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.7 -2.6
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 18 6.6 -1.7
STXM Strive Mid-Cap ETF 1.4 18 42 6.1 -2.2
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 45 7.0 -1.3
FYX First Trust Small Cap Core AlphaDEX Fund 1.3 61 -1 5.9 -2.5
CGUS Capital Group Core Equity ETF 1.3 33 27 4.3 -4.1
IMCV iShares Morningstar Mid-Cap Value ETF 1.3 6 54 8.1 -0.2
IJT iShares S&P Small-Cap 600 Growth ETF 1.3 18 42 5.5 -2.8
IVRA Invesco Real Assets ESG ETF 1.3 59 1 6.3 -2.1
SVAL iShares US Small Cap Value Factor ETF 1.3 20 40 10.3 +2.0
ULVM VictoryShares US Value Momentum ETF 1.3 20 40 7.3 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.2 10 50 5.6 -2.7
XJR iShares ESG Screened S&P Small-Cap ETF 1.2 12 48 7.4 -1.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 7.8 -0.5
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 54 9.3 +0.9
SLYG SPDR S&P 600 Small Cap Growth ETF 1.2 15 45 5.5 -2.8
FPX First Trust US Equity Opportunities ETF 1.2 61 -1 1.0 -7.4
FLDZ RiverNorth Patriot ETF 1.2 75 -15 6.1 -2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 53 6.0 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 5.8 -2.6
IJR iShares Core S&P Small Cap ETF 1.2 6 54 7.6 -0.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.2 39 21 11.4 +3.1
IWR iShares Russell Midcap ETF 1.1 19 41 5.8 -2.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.1 20 40 6.8 -1.6
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 6.6 -1.8
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 7 53 7.6 -0.8
AFLG First Trust Active Factor Large Cap ETF 1.1 55 5 6.3 -2.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 57 7.6 -0.7
CGDV Capital Group Dividend Value ETF 1.1 33 27 4.5 -3.8
VB Vanguard Small-Cap ETF 1.1 5 55 6.1 -2.3
PSC Principal U.S. Small-Cap ETF 1.1 38 22 6.8 -1.6
SIXS ETC 6 Meridian Small Cap Equity ETF 1.1 89 -29 9.8 +1.5
FVAL Fidelity Value Factor ETF 1.1 15 45 6.8 -1.6
SCHA Schwab U.S. Small-Cap ETF 1.0 4 56 5.8 -2.5
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 42 9.7 +1.4
SFYF SoFi Social 50 ETF 1.0 29 31 0.4 -8.0
VXF Vanguard Extended Market ETF 1.0 5 55 4.6 -3.7
EES WisdomTree U.S. SmallCap Fund 1.0 38 22 8.7 +0.3
ESIX SPDR S&P SmallCap 600 ESG ETF 1.0 12 48 8.0 -0.4
WDIV SPDR S&P Global Dividend ETF 1.0 40 20 9.2 +0.8
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 56 6.1 -2.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 10 50 9.7 +1.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 8.3 -0.1
DTD WisdomTree U.S. Total Dividend Fund 1.0 28 32 6.3 -2.1
ROE Astoria US Quality Kings ETF 1.0 49 11 6.5 -1.9
VO Vanguard Mid-Cap ETF 1.0 4 56 5.7 -2.6
FMKT The Free Markets ETF 1.0 76 -16 1.5 -6.8
SLYV SPDR S&P 600 Small Cap Value ETF 1.0 15 45 9.7 +1.4
JVAL JPMorgan U.S. Value Factor ETF 1.0 12 48 8.0 -0.3
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 7.3 -1.0
FYC First Trust Small Cap Growth AlphaDEX Fund 1.0 71 -11 0.4 -7.9
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 56 5.9 -2.5
STXK Strive Small-Cap ETF 0.9 18 42 5.8 -2.5
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 8.1 -0.3
ROUS Hartford Multifactor US Equity ETF 0.9 19 41 7.0 -1.4
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 6.5 -1.8
AFSM First Trust Active Factor Small Cap ETF 0.9 75 -15 7.5 -0.8
FLRG Fidelity U.S. Multifactor ETF 0.9 15 45 6.9 -1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 5.3 -3.1
ISCB iShares Morningstar Small-Cap ETF 0.9 4 56 6.2 -2.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 35 8.2 -0.1
FVD First Trust Value Line Dividend Index Fund 0.9 65 -5 6.3 -2.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 4.2 -4.2
ETHO Etho Climate Leadership U.S. ETF 0.9 47 13 5.3 -3.1
EZM WisdomTree U.S. MidCap Fund 0.9 38 22 9.1 +0.7
RSSL Global X Russell 2000 ETF 0.9 8 52 4.3 -4.0
VLUE iShares MSCI USA Value Factor ETF 0.9 15 45 9.4 +1.1
SFYX SoFi Next 500 ETF 0.8 0 60 5.7 -2.7
IWM iShares Russell 2000 ETF 0.8 19 41 4.3 -4.1
VTWO Vanguard Russell 2000 ETF 0.8 7 53 4.3 -4.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.9 -0.4
FELV Fidelity Enhanced Large Cap Value ETF 0.8 18 42 6.7 -1.7
PY Principal Value ETF 0.8 15 45 7.2 -1.1
SIZE iShares MSCI USA Size Factor ETF 0.8 15 45 6.1 -2.3
REVS Columbia Research Enhanced Value ETF 0.8 19 41 7.6 -0.8
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 51 6.1 -2.2
CZA Invesco Zacks Mid-Cap ETF 0.8 72 -12 6.6 -1.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 45 6.0 -2.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.7 15 45 5.3 -3.1
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 6.4 -2.0
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 45 7.0 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 0.7 28 32 5.9 -2.5
VOE Vanguard Mid-Cap Value ETF 0.7 7 53 7.6 -0.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 54 4.0 -4.4
MAGA Point Bridge America First ETF 0.6 72 -12 5.8 -2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 51 6.1 -2.2
WLDR Affinity World Leaders Equity ETF 0.6 67 -7 7.4 -1.0
STXV Strive 1000 Value ETF 0.6 18 42 8.0 -0.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.6 35 25 7.2 -1.2
SMMD iShares Russell 2500 ETF 0.6 15 45 6.1 -2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.6 20 40 7.0 -1.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 54 2.9 -5.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 43 5.9 -2.5
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 33 8.8 +0.4
SPVU Invesco S&P 500 Enhanced Value ETF 0.6 13 47 10.0 +1.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 48 6.5 -1.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.6 10 50 6.0 -2.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.5 15 45 5.9 -2.5
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 17 6.1 -2.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 -7 9.9 +1.5
IUSV iShares Core S&P US Value ETF 0.5 4 56 6.4 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 40 5.5 -2.8
VONV Vanguard Russell 1000 Value ETF 0.5 7 53 6.5 -1.9
IWD iShares Russell 1000 Value ETF 0.5 19 41 6.4 -1.9
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 0 9.4 +1.0
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 10.4 +2.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 10.0 +1.6
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 6.7 -1.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 45 5.8 -2.5
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 48 7.4 -1.0
RCGE RockCreek Global Equality ETF 0.5 95 -35 6.6 -1.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.5 10 50 5.1 -3.3
IWC iShares Micro-Cap ETF 0.4 60 0 -0.8 -9.2
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 5.5 -2.8
NUSC Nuveen ESG Small-Cap ETF 0.4 31 29 5.3 -3.0
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 8.1 -0.2
FQAL Fidelity Quality Factor ETF 0.4 15 45 5.6 -2.7
FNK First Trust Mid Cap Value AlphaDEX Fund 0.4 70 -10 11.0 +2.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 0 7.3 -1.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 5.7 -2.7
APUE ActivePassive U.S. Equity ETF 0.4 45 15 4.6 -3.8
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 43 7.1 -1.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -4 2.2 -6.2
BIBL Inspire 100 ETF 0.4 35 25 5.1 -3.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 30 6.5 -1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -10 2.8 -5.6
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.6 -1.8
FELC Fidelity Enhanced Large Cap Core ETF 0.4 18 42 5.1 -3.2
VOOV Vanguard S&P 500 Value ETF 0.4 7 53 6.3 -2.1
IVE iShares S&P 500 Value ETF 0.4 18 42 6.2 -2.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 56 6.3 -2.1
FDLO Fidelity Low Volatility Factor ETF 0.4 15 45 5.3 -3.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 4.1 -4.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 46 4.8 -3.5
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 4.1 -4.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.6 -2.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 5.1 -3.2
TMFX Motley Fool Next Index ETF 0.3 50 10 2.6 -5.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 45 4.6 -3.8
PFM Invesco Dividend Achievers ETF 0.3 53 7 5.2 -3.2
BLES Inspire Global Hope ETF 0.3 61 -1 6.8 -1.6
DIVB iShares Core Dividend ETF 0.3 5 55 8.1 -0.2
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 21 6.7 -1.7
VEGN US Vegan Climate ETF 0.3 60 0 4.4 -4.0
RECS Columbia Research Enhanced Core ETF 0.3 15 45 5.7 -2.7
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 0 3.9 -4.4
ILCV iShares Morningstar Value ETF 0.3 4 56 6.4 -2.0
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.9 -3.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 5.1 -3.3
VTV Vanguard Value ETF 0.3 4 56 6.8 -1.5
PTL Inspire 500 ETF 0.3 9 51 5.2 -3.2
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 5.3 -3.1
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.3 19 41 5.3 -3.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 4.9 -3.4
VTHR Vanguard Russell 3000 ETF 0.3 7 53 4.8 -3.5
IWV iShares Russell 3000 ETF 0.3 20 40 4.7 -3.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 4.8 -3.5
VTI Vanguard Total Stock Market ETF 0.3 3 57 4.8 -3.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 4.8 -3.5
HLGE Hartford Longevity Economy ETF 0.3 44 16 -0.4 -8.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 51 5.5 -2.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 53 5.0 -3.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 57 5.1 -3.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 9.3 +1.0
SCHK Schwab 1000 Index ETF 0.2 5 55 4.9 -3.4
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.9 -6.4
IWB iShares Russell 1000 ETF 0.2 15 45 4.8 -3.6
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.9 -3.5
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 10.6 +2.3
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.7 -3.6
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 40 5.0 -3.3
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.6 -3.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.9 -3.5
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.9 -3.5
PBUS Invesco MSCI USA ETF 0.2 4 56 4.8 -3.6
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.8 -3.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.9 -3.5
VOTE TCW Transform 500 ETF 0.2 5 55 4.8 -3.6
EPS WisdomTree U.S. LargeCap Fund 0.2 8 52 5.6 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 5.6 -2.8
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 6.5 -1.9
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.6 -2.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 5.1 -3.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 48 4.5 -3.9
SFY SoFi Select 500 ETF 0.2 0 60 4.4 -4.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 4.7 -3.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.6 -3.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 7.1 -1.2
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.7 -3.6
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 1 2.7 -5.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 4.8 -3.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 4.7 -3.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.9 -3.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.2 -3.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 42 4.6 -3.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 4.6 -3.7
VT Vanguard Total World Stock ETF 0.2 6 54 5.8 -2.6
IVV iShares Core S&P 500 ETF 0.2 3 57 4.9 -3.4
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 58 4.9 -3.5
VV Vanguard Large-Cap ETF 0.2 4 56 4.8 -3.6
SPY SPDR S&P 500 ETF Trust 0.2 9 51 4.8 -3.5
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.2 65 -5 6.4 -2.0
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 6.7 -1.7
VOO Vanguard S&P 500 ETF 0.2 3 57 4.9 -3.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 9.5 +1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 30 7.7 -0.6
TXS Texas Capital Texas Equity Index ETF 0.2 49 11 5.6 -2.8
TOK iShares MSCI Kokusai ETF 0.2 26 34 5.0 -3.4
STRV Strive 500 ETF 0.1 5 55 4.8 -3.6
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 42 5.1 -3.3
RVRB Reverb ETF 0.1 30 30 4.5 -3.9
URTH iShares MSCI World ETF 0.1 24 36 5.0 -3.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.9 -3.4
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.5 -2.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.5 -3.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.4 -2.0
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.6 -4.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 7.1 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.7 -2.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.6 -3.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 6.3 -2.1
VUG Vanguard Growth ETF 0.1 4 56 4.0 -4.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 5.4 -3.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 1 5.8 -2.5
STXG Strive 1000 Growth ETF 0.1 18 42 3.8 -4.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 4.3 -4.1
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 18 4.2 -4.2
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -65 5.2 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 5.1 -3.3
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 50 4.6 -3.7
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.8 -2.5
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 31 7.0 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.9 -2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.6 -2.7
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.8 -1.6
GSPY Gotham Enhanced 500 ETF 0.1 50 10 5.2 -3.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 35 5.9 -2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.6 -4.7
STXD Strive 1000 Dividend Growth ETF 0.0 35 25 4.7 -3.6
IWO iShares Russell 2000 Growth ETF 0.0 24 36 1.3 -7.1
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 1.4 -6.9
ACVF American Conservative Values ETF 0.0 75 -15 4.3 -4.0
FESM Fidelity Enhanced Small Cap ETF 0.0 28 32 7.2 -1.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 4.1 -4.2
HKND Humankind US Stock ETF 0.0 11 49 7.1 -1.2
EBI Longview Advantage ETF 0.0 35 25 6.5 -1.9

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 8.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.59
 
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.