NETLease Corporate Real Estate ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 7.0x
P/BV
ratio		 1.5x Div.
yield		 6.4%


  • 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) $48
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) $10,932
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
NATIONAL RETAIL PROPERTIES 7.9 %
AGREE REALTY CORP 7.9 %
WP CAREY INC 7.8 %
REALTY INCOME CORP 7.8 %
VICI PROPERTIES INC 7.6 %
GETTY REALTY CORP 4.2 %
BROADSTONE NET LEASE, INC. 4.2 %
GLOBAL NET LEASE INC 4.2 %
LEXINGTON REALTY TRUST 4.1 %
FOUR CORNERS PROPERTY TRUST, INC. 4.0 %
Total 59.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.4% 3.7% 2.7% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.36 18%
MSCI EAFE 0.49 29%
MSCI Emg. Mkts. 0.31 16%

Technical Indicators
Recent close $26.27
30d moving avg. $25.55
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 388 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™: 7.4%


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 25.5 35 25 12.4 +5.0
BLDG Cambria Global Real Estate ETF 21.3 60 0 11.3 +3.9
IRET iREIT - MarketVector Quality REIT Index ETF 19.8 60 0 6.0 -1.4
RIET Hoya Capital High Dividend Yield ETF 18.8 50 10 13.7 +6.3
SRET Global X SuperDividend REIT ETF 17.8 59 1 12.3 +4.9
PPTY US Diversified Real Estate ETF 14.2 53 7 7.7 +0.3
USRT iShares Core U.S. REIT ETF 13.7 8 52 7.1 -0.4
FRI First Trust S&P REIT Index Fund 13.5 50 10 6.6 -0.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.5 11 49 7.2 -0.3
DFAR Dimensional US Real Estate ETF 13.4 19 41 7.3 -0.2
SCHH Schwab U.S. REIT ETF 12.5 7 53 7.3 -0.1
RWR State Street SPDR Dow Jones REIT ETF 11.0 25 35 6.8 -0.6
IYR iShares U.S. Real Estate ETF 10.8 40 20 6.9 -0.5
REAI Intelligent Real Estate ETF 10.7 59 1 5.5 -1.9
VNQ Vanguard Real Estate ETF 10.6 13 47 6.8 -0.6
FPRO Fidelity Real Estate Investment ETF 10.2 59 1 6.1 -1.4
FREL Fidelity MSCI Real Estate Index ETF 10.2 8 52 7.0 -0.4
ERET iShares Environmentally Aware Real Estate ETF 9.7 30 30 6.8 -0.7
REET iShares Global REIT ETF 9.4 14 46 7.0 -0.4
DFGR Dimensional Global Real Estate ETF 8.9 22 38 7.0 -0.4
BYRE Principal Real Estate Active Opportunities ETF 8.7 65 -5 7.1 -0.3
GQRE FlexShares Global Quality Real Estate Index Fund 8.7 45 15 7.3 -0.2
INDS Pacer Industrial Real Estate ETF 8.6 55 5 6.1 -1.4
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 6.8 -0.6
AVRE Avantis Real Estate ETF 8.1 17 43 6.8 -0.7
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.9 60 0 5.4 -2.0
XLRE Real Estate Select Sector SPDR 7.6 8 52 7.1 -0.3
RWO SPDR Dow Jones Global Real Estate ETF 7.6 50 10 6.3 -1.1
ICF iShares Cohen & Steers REIT ETF 7.5 33 27 7.2 -0.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.4 80 -20 6.8 -0.7
BEDZ AdvisorShares Hotel ETF 7.3 100 -40 5.3 -2.1
DESK VanEck Office and Commercial REIT ETF 7.0 50 10 15.0 +7.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.7 30 30 13.5 +6.1
JRE Janus Henderson U.S. Real Estate ETF 6.6 65 -5 5.8 -1.6
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 7.7 +0.3
PSR Invesco Active U.S. Real Estate Fund 5.8 35 25 7.1 -0.3
TMFS Motley Fool Small-Cap Growth ETF 5.4 85 -25 1.2 -6.3
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 7.5 +0.1
VICE AdvisorShares Vice ETF 4.8 99 -39 5.6 -1.8
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 4.7 12 48 5.6 -1.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.5 30 30 8.9 +1.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 4.4 27 33 6.6 -0.9
VRAI Virtus Real Asset Income ETF 4.3 55 5 8.4 +1.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.3 70 -10 4.7 -2.7
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 31 8.4 +1.0
VFMV Vanguard U.S. Minimum Volatility ETF 4.0 13 47 5.7 -1.7
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 6.6 -0.8
UDI USCF Dividend Income Fund 3.6 65 -5 6.7 -0.7
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.6 20 40 5.6 -1.8
SIXL ETC 6 Meridian Low Beta Equity ETF 3.5 80 -20 5.9 -1.5
OSCV Opus Small Cap Value ETF 3.4 79 -19 5.7 -1.7
WTRE WisdomTree New Economy Real Estate Fund 3.2 58 2 -0.3 -7.8
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 3.2 60 0 5.2 -2.2
SIXS ETC 6 Meridian Small Cap Equity ETF 3.1 89 -29 7.8 +0.4
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 10.1 +2.6
JHDV John Hancock U.S. High Dividend ETF 3.1 34 26 6.1 -1.3
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.9 56 4 7.0 -0.5
TBG TBG Dividend Focus ETF 2.9 59 1 6.4 -1.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.9 25 35 7.8 +0.4
SDY State Street SPDR S&P Dividend ETF 2.9 35 25 6.2 -1.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.8 12 48 3.5 -3.9
KONG Formidable Fortress ETF 2.8 89 -29 5.1 -2.3
ULVM VictoryShares US Value Momentum ETF 2.7 20 40 6.3 -1.2
JPRE JPMorgan Realty Income ETF 2.7 50 10 6.9 -0.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.5 15 45 6.4 -1.0
DIVE Dana Concentrated Dividend ETF 2.5 65 -5 6.8 -0.6
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.5 7 53 10.4 +2.9
ALTL Pacer Lunt Large Cap Alternator ETF 2.3 60 0 4.9 -2.5
FDVV Fidelity High Dividend ETF 2.3 15 45 6.8 -0.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 4.9 -2.6
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.0 -2.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.1 20 40 8.8 +1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.1 24 36 7.1 -0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 42 6.9 -0.6
DIV Global X SuperDividend US ETF 2.0 45 15 9.7 +2.3
SDIV Global X Superdividend ETF 2.0 58 2 12.9 +5.5
FUNL CornerCap Fundametrics Large-Cap ETF 2.0 50 10 6.2 -1.3
RJDI RJ Eagle GCM Dividend Select Income ETF 2.0 55 5 4.4 -3.0
SMOX Horizon Small/Mid Cap Core Equity ETF 2.0 75 -15 5.3 -2.1
XJH iShares ESG Screened S&P Mid-Cap ETF 2.0 12 48 5.9 -1.5
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 26 3.4 -4.0
AUSF Global X Adaptive U.S. Factor ETF 2.0 27 33 8.0 +0.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 45 6.1 -1.3
SMDV ProShares Russell 2000 Dividend Growers ETF 1.9 40 20 6.9 -0.5
FCPI Fidelity Stocks for Inflation ETF 1.9 15 45 5.8 -1.6
SMAP Amplify Small-Mid Cap Equity ETF 1.8 60 0 4.4 -3.0
MDY SPDR S&P Midcap 400 ETF Trust 1.8 23 37 5.9 -1.5
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 20 6.7 -0.7
DES WisdomTree U.S. SmallCap Dividend Fund 1.8 38 22 8.1 +0.7
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.8 15 45 7.9 +0.5
IJJ iShares S&P Mid-Cap 400 Value ETF 1.8 18 42 7.9 +0.5
AFMC First Trust Active Factor Mid Cap ETF 1.8 65 -5 7.1 -0.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.8 10 50 8.0 +0.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.8 3 57 6.1 -1.3
IJH iShares Core S&P Mid-Cap ETF 1.7 5 55 6.1 -1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 31 6.4 -1.0
BGIG Bahl & Gaynor Income Growth ETF 1.7 45 15 4.5 -2.9
FVD First Trust Value Line Dividend Index Fund 1.7 65 -5 5.7 -1.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 25 6.0 -1.4
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.7 15 45 4.1 -3.3
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 43 4.1 -3.3
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 7 53 6.1 -1.4
MGMT Ballast Small/Mid Cap ETF 1.6 110 -50 7.4 +0.0
VOT Vanguard Mid-Cap Growth ETF 1.6 7 53 3.1 -4.3
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 7.5 +0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.6 10 50 4.1 -3.3
WDIV SPDR S&P Global Dividend ETF 1.6 40 20 9.2 +1.7
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 54 7.8 +0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 45 6.8 -0.6
DON WisdomTree U.S. MidCap Dividend Fund 1.5 38 22 8.1 +0.7
ICAP InfraCap Equity Income Fund ETF 1.5 171 -111 4.3 -3.1
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 6.3 -1.1
VBR Vanguard Small Cap Value ETF 1.5 7 53 7.9 +0.5
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 6.5 -0.9
JHSC John Hancock Multifactor Small Cap ETF 1.5 42 18 6.0 -1.5
BDIV AAM Brentview Dividend Growth ETF 1.4 49 11 3.7 -3.8
JPSV JPMorgan Active Small Cap Value ETF 1.4 74 -14 7.6 +0.2
IWS iShares Russell Mid-Cap Value ETF 1.4 23 37 6.1 -1.3
VTWV Vanguard Russell 2000 Value ETF 1.4 10 50 5.0 -2.4
IWN iShares Russell 2000 Value ETF 1.4 24 36 4.8 -2.6
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.4 -2.0
HDUS Hartford Disciplined US Equity ETF 1.4 19 41 4.8 -2.6
STXM Strive Mid-Cap ETF 1.4 18 42 5.7 -1.7
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.4 20 40 7.4 -0.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.3 65 -5 4.8 -2.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.3 24 36 6.0 -1.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 25 5.4 -2.0
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.3 15 45 9.1 +1.6
MBOX Freedom Day Dividend ETF 1.3 39 21 7.0 -0.5
IJS iShares S&P Small-Cap 600 Value ETF 1.3 18 42 9.0 +1.5
SFYF SoFi Social 50 ETF 1.3 29 31 0.8 -6.6
FTA First Trust Large Cap Value AlphaDEX Fund 1.3 59 1 7.7 +0.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 56 5.6 -1.8
USMF WisdomTree U.S. Multifactor Fund 1.2 28 32 6.5 -0.9
IVRA Invesco Real Assets ESG ETF 1.2 59 1 6.2 -1.2
DEW WisdomTree Global High Dividend Fund 1.2 58 2 7.4 -0.1
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.6 -1.9
FSMD Fidelity Small-Mid Multifactor ETF 1.2 15 45 6.5 -0.9
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 7.1 -0.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 6.3 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 1.2 67 -7 8.6 +1.2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 57 6.4 -1.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 3.5 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 6.0 -1.4
IJR iShares Core S&P Small Cap ETF 1.1 6 54 6.4 -1.1
AFLG First Trust Active Factor Large Cap ETF 1.1 55 5 5.0 -2.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 21 9.9 +2.5
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -12 5.9 -1.5
IWR iShares Russell Midcap ETF 1.1 19 41 5.4 -2.0
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 5.9 -1.6
FNK First Trust Mid Cap Value AlphaDEX Fund 1.1 70 -10 9.6 +2.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.1 12 48 6.2 -1.2
SCHA Schwab U.S. Small-Cap ETF 1.1 4 56 4.4 -3.0
STRN SMART Trend 25 ETF 1.0 59 1 2.7 -4.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.0 60 0 6.8 -0.6
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 5.4 -2.0
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 7.1 -0.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.0 14 46 4.2 -3.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.0 73 -13 9.8 +2.3
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 8.0 +0.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 7.5 +0.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 10 50 9.0 +1.6
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.0 15 45 3.7 -3.7
VXF Vanguard Extended Market ETF 1.0 5 55 3.8 -3.6
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 42 3.7 -3.7
ROE Astoria US Quality Kings ETF 1.0 49 11 5.4 -2.0
RCGE RockCreek Global Equality ETF 1.0 95 -35 6.0 -1.4
REVS Columbia Research Enhanced Value ETF 1.0 19 41 6.9 -0.6
FNDA Schwab Fundamental US Small Co. Index ETF 1.0 25 35 6.1 -1.3
VLUE iShares MSCI USA Value Factor ETF 1.0 15 45 7.4 -0.1
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 45 4.6 -2.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 53 5.3 -2.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 2.3 -5.1
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 8.2 +0.8
VO Vanguard Mid-Cap ETF 0.9 4 56 21.3 +13.9
VB Vanguard Small-Cap ETF 0.9 5 55 5.2 -2.2
STXK Strive Small-Cap ETF 0.9 18 42 5.2 -2.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 7 53 6.2 -1.2
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 43 6.5 -0.9
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.9 12 48 6.7 -0.7
QDF FlexShares Quality Dividend Index Fund 0.9 37 23 5.4 -2.0
AFSM First Trust Active Factor Small Cap ETF 0.9 75 -15 5.9 -1.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 45 5.1 -2.3
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 5.7 -1.8
ROSC Hartford Multifactor Small Cap ETF 0.9 34 26 7.3 -0.2
OEI Optimized Equity Income ETF 0.9 75 -15 3.5 -3.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.9 30 30 3.8 -3.6
PSC Principal U.S. Small-Cap ETF 0.9 38 22 3.7 -3.7
RSSL Global X Russell 2000 ETF 0.8 8 52 2.7 -4.7
CGUS Capital Group Core Equity ETF 0.8 33 27 3.6 -3.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 0 6.2 -1.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 10 50 3.7 -3.8
SIZE iShares MSCI USA Size Factor ETF 0.8 15 45 5.5 -1.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.6 +0.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 -11 -0.6 -8.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 61 -1 5.4 -2.1
IQRA IQ CBRE Real Assets ETF 0.8 65 -5 5.8 -1.7
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 56 5.3 -2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 56 5.2 -2.2
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 5.5 -1.9
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 45 5.3 -2.1
ETHO Etho Climate Leadership U.S. ETF 0.7 47 13 4.3 -3.1
IWM iShares Russell 2000 ETF 0.7 19 41 2.7 -4.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 1 5.1 -2.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 25 6.3 -1.1
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 48 7.1 -0.4
EES WisdomTree U.S. SmallCap Fund 0.7 38 22 7.9 +0.5
CGDV Capital Group Dividend Value ETF 0.7 33 27 4.0 -3.5
MAGA Point Bridge America First ETF 0.7 72 -12 5.2 -2.3
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 18 5.4 -2.0
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 42 5.8 -1.6
FDLO Fidelity Low Volatility Factor ETF 0.6 15 45 4.8 -2.6
VTWO Vanguard Russell 2000 ETF 0.6 7 53 2.8 -4.6
ROUS Hartford Multifactor US Equity ETF 0.6 19 41 5.5 -2.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 3.8 -3.6
STXV Strive 1000 Value ETF 0.6 18 42 7.0 -0.4
FLRG Fidelity U.S. Multifactor ETF 0.6 15 45 5.8 -1.6
SMMD iShares Russell 2500 ETF 0.6 15 45 5.6 -1.9
DTD WisdomTree U.S. Total Dividend Fund 0.6 28 32 5.7 -1.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.6 20 40 6.1 -1.3
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 47 8.7 +1.3
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 4.7 -2.7
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 0 9.6 +2.2
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 35 4.6 -2.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 17 4.9 -2.6
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 45 5.9 -1.5
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 38 5.1 -2.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 7.3 -0.2
VOE Vanguard Mid-Cap Value ETF 0.5 7 53 6.8 -0.6
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 9.0 +1.6
WSML iShares MSCI World Small-Cap ETF 0.5 15 45 5.4 -2.0
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.5 25 35 4.2 -3.3
SMCF Themes US Small Cap Cash Flow Champions ETF 0.5 29 31 9.8 +2.4
FVAL Fidelity Value Factor ETF 0.5 15 45 6.0 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 23 5.4 -2.0
IWD iShares Russell 1000 Value ETF 0.5 19 41 5.5 -1.9
VONV Vanguard Russell 1000 Value ETF 0.5 7 53 5.6 -1.8
FELC Fidelity Enhanced Large Cap Core ETF 0.5 18 42 4.4 -3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 54 2.7 -4.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -10 2.0 -5.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 48 5.6 -1.9
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.4 12 48 6.3 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 56 5.8 -1.6
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.4 60 0 4.7 -2.7
IWC iShares Micro-Cap ETF 0.4 60 0 -1.4 -8.8
IUSV iShares Core S&P US Value ETF 0.4 4 56 5.9 -1.6
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 7.4 0.0
TMFX Motley Fool Next Index ETF 0.4 50 10 3.0 -4.4
RECS Columbia Research Enhanced Core ETF 0.4 15 45 5.3 -2.1
APUE ActivePassive U.S. Equity ETF 0.4 45 15 4.0 -3.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 5.0 -2.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 51 5.2 -2.2
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 5.9 -1.5
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 8.5 +1.0
BIBL Inspire 100 ETF 0.4 35 25 4.2 -3.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 5.0 -2.5
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 5.2 -2.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -4 1.3 -6.1
NUMV Nuveen ESG Mid-Cap Value ETF 0.4 31 29 5.7 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.3 28 32 5.5 -1.9
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.3 15 45 5.1 -2.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 3.1 -4.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 4.1 -3.4
IVE iShares S&P 500 Value ETF 0.3 18 42 5.6 -1.8
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 5.7 -1.7
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 3.9 -3.5
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 5.7 -1.7
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.5 -4.0
DIVB iShares Core Dividend ETF 0.3 5 55 7.4 0.0
PFM Invesco Dividend Achievers ETF 0.3 53 7 4.7 -2.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.3 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.3 34 26 5.8 -1.6
ILCV iShares Morningstar Value ETF 0.3 4 56 5.4 -2.0
FDMO Fidelity Momentum Factor ETF 0.3 15 45 2.5 -4.9
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.4 -3.1
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 7.8 +0.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.0 -2.5
FQAL Fidelity Quality Factor ETF 0.3 15 45 4.8 -2.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.3 19 41 4.9 -2.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.3 60 0 6.2 -1.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 4.5 -3.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 4.3 -3.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 4.2 -3.2
VTI Vanguard Total Stock Market ETF 0.3 3 57 4.2 -3.2
GSPY Gotham Enhanced 500 ETF 0.3 50 10 4.5 -3.0
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 4.5 -2.9
IWV iShares Russell 3000 ETF 0.3 20 40 4.1 -3.4
WLDR Affinity World Leaders Equity ETF 0.3 67 -7 6.3 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 4.8 -2.6
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.2 -3.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 54 3.4 -4.0
RITA ETFB Green SRI REITs ETF 0.2 50 10 5.6 -1.9
PTL Inspire 500 ETF 0.2 9 51 4.4 -3.1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 4.4 -3.0
FFF Founders 100 ETF 0.2 75 -15 2.4 -5.0
SCHK Schwab 1000 Index ETF 0.2 5 55 4.3 -3.1
VEGN US Vegan Climate ETF 0.2 60 0 3.8 -3.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 48 3.5 -3.9
BLES Inspire Global Hope ETF 0.2 61 -1 5.7 -1.7
IWB iShares Russell 1000 ETF 0.2 15 45 4.2 -3.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.2 -3.2
NUSC Nuveen ESG Small-Cap ETF 0.2 31 29 4.9 -2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 51 4.4 -3.1
VTV Vanguard Value ETF 0.2 4 56 6.0 -1.4
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.3 -3.1
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.1 -3.3
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 4.6 -2.9
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.3 -6.2
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 4.9 -2.6
STOX Horizon Core Equity ETF 0.2 70 -10 3.6 -3.8
SFTY Horizon Managed Risk ETF 0.2 77 -17 3.5 -3.9
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.3 -3.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 9.2 +1.8
WSGE Warren Street Global Equity ETF 0.2 80 -20 2.9 -4.6
PBUS Invesco MSCI USA ETF 0.2 4 56 4.3 -3.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.2 -3.2
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.7 -1.7
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.0 -2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 6.3 -1.1
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 4.4 -3.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.1 -3.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.3 -3.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 4.4 -3.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.2 -3.3
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.2 -3.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 20 3.8 -3.6
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 4.5 -2.9
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 1 1.8 -5.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 48 3.6 -3.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 7.6 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.0 -3.5
FESM Fidelity Enhanced Small Cap ETF 0.2 28 32 2.3 -5.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 52 4.4 -3.0
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 4.0 -3.4
SFY SoFi Select 500 ETF 0.2 0 60 3.8 -3.6
VV Vanguard Large-Cap ETF 0.2 4 56 4.2 -3.3
SPY SPDR S&P 500 ETF 0.2 9 51 4.2 -3.2
IVV iShares Core S&P 500 ETF 0.2 3 57 4.3 -3.1
SPYM State Street SPDR Portfolio S&P 500 ETF 0.2 2 58 4.3 -3.1
GXLC Global X U.S. 500 ETF 0.2 2 58 4.1 -3.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.2 -3.2
VOTE TCW Transform 500 ETF 0.2 5 55 4.2 -3.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 4.5 -3.0
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 6.1 -1.3
RAUS RACWI US ETF 0.1 15 45 4.2 -3.2
VOO Vanguard S&P 500 ETF 0.1 3 57 4.3 -3.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 42 4.0 -3.4
VT Vanguard Total World Stock ETF 0.1 6 54 5.1 -2.4
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.3 -3.1
STRV Strive 500 ETF 0.1 5 55 4.2 -3.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 4.2 -3.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 4.2 -3.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.2 -3.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.1 -3.3
RVRB Reverb ETF 0.1 30 30 4.0 -3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 5.7 -1.7
URTH iShares MSCI World ETF 0.1 24 36 4.4 -3.0
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 45 4.5 -3.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.4 -3.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.0 -3.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 6.4 -1.1
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.7 -2.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 4.8 -2.6
VUG Vanguard Growth ETF 0.1 4 56 20.2 +12.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.0 -3.4
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 4.0 -3.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.1 -2.3
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.0 -2.4
STXG Strive 1000 Growth ETF 0.1 18 42 3.2 -4.2
OPTZ Optimize Strategy Index ETF 0.1 50 10 3.7 -3.8
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 3.7 -3.7
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 3.1 -4.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.4 -3.0
STXD Strive 1000 Dividend Growth ETF 0.1 35 25 4.4 -3.0
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.1 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.2 -2.3
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.1 -4.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 5.9 -1.5
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 24 3.1 -4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 4.9 -2.5
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 4.8 -2.6
TEXN iShares Texas Equity ETF 0.0 20 40 5.2 -2.3
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.5 -6.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 2.9 -4.5
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 0.6 -6.8
ACVF American Conservative Values ETF 0.0 75 -15 3.7 -3.7
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 18 3.6 -3.8
EBI Longview Advantage ETF 0.0 35 25 6.0 -1.4

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 11.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.