ETF Research Center

Nuveen Short-Term REIT ETF

ALTAR
Score™

7.9%

Recommen-
dation

OVERWEIGHT

2025E 2026E
P/E ratio	12.3x	P/Sales ratio	3.8x
P/BV ratio	1.6x	Div. yield	4.4%

Description
Performance
Comps
Fundamentals
Valuation
Rating

The NuShares Short-Term REIT ETF tracks an index composed of U.S. REITs that typically have shorter-term lease durations than average.

FUND BASICS
Category	US Equities
Fund Sponsor	Nuveen
Website	www.nuveen.com
Inception date	Dec 19, 2016
Assets (mns)	$43
Currency	USD
Expense ratio	35 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	33
Wgt avg mkt cap (mns)	$15,367
Large cap (>$10bn)	68.1%
Mid cap ($2-10bn)	20.7%
Small cap (<$2bn)	11.2%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	53.3 %
SUN COMMUNITIES INC	5.8 %
MID-AMERICA APARTMENT COMM	5.5 %
INVITATION HOMES, INC.	5.4 %
ESSEX PROPERTY TRUST INC	5.3 %
CAMDEN PROPERTY TRUST	5.3 %
UDR INC	5.3 %
EQUITY LIFESTYLE PROPERTIES	5.3 %
EQUITY RESIDENTIAL	5.2 %
EXTRA SPACE STORAGE INC	5.2 %
PUBLIC STORAGE	5.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	101.2 %

Standardized Annual Returns (thru May 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-4.6%	2.8%	8.5%	--	5.4%

Market Correlations
versus...	Beta	R-squared
S&P500	0.96	67%
MSCI EAFE	0.83	54%
MSCI Emg. Mkts.	0.63	30%

Technical Indicators
Recent close	$29.85
30d moving avg.	$30.05
Annualized volatility	19.6%
Short interest (ETF)	1.3%
Short interest (Underlying)	2.6%
Relative strength (RSI)	50

Liquidity measures
Avg. volume (thou.)	5
Turnover	0.3%
Bid/Ask (% of price)	0.16%
ADV underlying (mns)	$1,261

FINDING ALTERNATIVE FUNDS

Below is a list of 410 potential alternatives to the Nuveen Short-Term REIT ETF ETF based on the alternatives' overlap in portfolio holdings with NURE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

NURE

Expense:

35 bp

ALTAR Score™:

7.9%

ALTERNATIVE ETFs BASED ON OVERLAP WITH NURE
Ticker	Fund Name	Overlap¹ vs NURE (%)	Expense ratio (bp)	Savings vs NURE (bp)	ALTAR Score™ (%)	ALTAR vs NURE (%)
HAUS	Residential REIT ETF	64.1	60	-25	5.4	-2.5
REZ	iShares Residential and Multisector Real Estate ETF	53.7	48	-13	6.4	-1.4
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	31.9	40	-5	7.8	-0.1
RWR	SPDR Dow Jones REIT ETF	31.2	25	10	7.6	-0.3
RITA	ETFB Green SRI REITs ETF	30.1	50	-15	6.5	-1.4
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	29.7	11	24	7.9	+0.1
ICF	iShares Cohen & Steers REIT ETF	28.6	33	2	7.7	-0.2
IRET	iREIT - MarketVector Quality REIT Index ETF	28.1	60	-25	7.8	-0.1
SPRE	SP Funds S&P Global REIT Sharia ETF	27.9	55	-20	5.9	-2.0
PPTY	US Diversified Real Estate ETF	27.0	53	-18	7.9	+0.0
USRT	iShares Core U.S. REIT ETF	27.0	8	27	7.8	-0.1
HOMZ	Hoya Capital Housing ETF	26.6	30	5	9.2	+1.3
FRI	First Trust S&P REIT Index Fund	26.6	50	-15	7.5	-0.4
FPRO	Fidelity Real Estate Investment ETF	25.7	59	-24	6.4	-1.4
JRE	Janus Henderson U.S. Real Estate ETF	24.2	65	-30	7.6	-0.3
DFAR	Dimensional US Real Estate ETF	24.2	19	16	8.0	+0.1
SCHH	Schwab U.S. REIT ETF	23.4	7	28	8.1	+0.2
PSR	Invesco Active U.S. Real Estate Fund	23.4	35	0	7.9	+0.0
JPRE	JPMorgan Realty Income ETF	23.3	50	-15	7.6	-0.3
BYRE	Principal Real Estate Active Opportunities ETF	22.6	65	-30	6.4	-1.5
GQRE	FlexShares Global Quality Real Estate Index Fund	22.4	45	-10	8.0	+0.1
REAI	Intelligent Real Estate ETF	22.3	59	-24	15.1	+7.2
FREL	Fidelity MSCI Real Estate Index ETF	22.3	8	27	7.6	-0.2
VNQ	Vanguard Real Estate ETF	21.1	12	23	7.5	-0.4
IYR	iShares U.S. Real Estate ETF	21.1	40	-5	7.5	-0.4
RWO	SPDR Dow Jones Global Real Estate ETF	20.8	50	-15	7.1	-0.8
XLRE	Real Estate Select Sector SPDR Fund	20.8	8	27	7.5	-0.4
REET	iShares Global REIT ETF	19.5	14	21	7.6	-0.3
AVRE	Avantis Real Estate ETF	18.6	17	18	7.2	-0.7
ERET	iShares Environmentally Aware Real Estate ETF	18.4	30	5	7.5	-0.4
VGSR	Vert Global Sustainable Real Estate ETF	17.4	47	-12	7.3	-0.6
DFGR	Dimensional Global Real Estate ETF	17.0	22	13	7.5	-0.4
INDS	Pacer Industrial Real Estate ETF	16.0	55	-20	6.8	-1.1
RDOG	ALPS REIT Dividend Dogs ETF	14.5	35	0	9.7	+1.8
IVRA	Invesco Real Assets ESG ETF	11.8	59	-24	6.3	-1.6
SPYD	SPDR Portfolio S&P 500 High Dividend ETF	10.6	7	28	10.3	+2.4
VRAI	Virtus Real Asset Income ETF	10.2	55	-20	10.9	+3.0
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	9.9	60	-25	9.5	+1.6
CZA	Invesco Zacks Mid-Cap ETF	8.7	72	-37	6.7	-1.2
KBWY	Invesco KBW Premium Yield Equity REIT ETF	8.6	35	0	8.8	+0.9
ABLD	Abacus FCF Real Assets Leaders ETF	8.6	69	-34	7.2	-0.7
IQRA	IQ CBRE Real Assets ETF	7.6	65	-30	5.8	-2.1
BEDZ	AdvisorShares Hotel ETF	7.3	100	-65	7.4	-0.5
MILN	Global X Millennial Consumer ETF	6.8	50	-15	3.7	-4.2
LGLV	SPDR SSGA US Large Cap Low Volatility Index ETF	6.3	12	23	5.7	-2.2
XSLV	Invesco S&P SmallCap Low Volatility ETF	6.3	25	10	7.6	-0.3
PSCF	Invesco S&P SmallCap Financials ETF	5.4	29	6	10.2	+2.3
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	5.3	25	10	5.3	-2.6
SPLV	Invesco S&P 500 Low Volatility ETF	5.3	25	10	5.3	-2.6
ALTL	Pacer Lunt Large Cap Alternator ETF	5.3	60	-25	4.8	-3.1
BLDG	Cambria Global Real Estate ETF	5.0	60	-25	12.1	+4.3
XMLV	Invesco S&P MidCap Low Volatility ETF	4.9	25	10	7.6	-0.2
RIET	Hoya Capital High Dividend Yield ETF	4.5	50	-15	46.2	+38.3
QDF	FlexShares Quality Dividend Index Fund	4.3	37	-2	6.6	-1.3
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	4.3	27	8	7.1	-0.7
QDEF	FlexShares Quality Dividend Defensive Index Fund	4.0	37	-2	6.3	-1.6
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	3.8	15	20	6.3	-1.6
BIBL	Inspire 100 ETF	3.8	35	0	5.4	-2.5
PY	Principal Value ETF	3.7	15	20	7.6	-0.3
ONEY	SPDR Russell 1000 Yield Focus ETF	3.7	20	15	10.0	+2.1
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	3.6	30	5	9.2	+1.3
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	3.3	24	11	8.5	+0.6
DIVG	Invesco S&P 500 High Dividend Growers ETF	3.2	39	-4	8.8	+0.9
DON	WisdomTree U.S. MidCap Dividend Fund	3.1	38	-3	9.3	+1.4
DEW	WisdomTree Global High Dividend Fund	3.0	58	-23	8.9	+1.0
RZG	Invesco S&P Smallcap 600 Pure Growth ETF	3.0	35	0	4.3	-3.6
KONG	Formidable Fortress ETF	2.9	89	-54	6.1	-1.8
YLDE	ClearBridge Dividend Strategy ESG ETF	2.9	60	-25	5.8	-2.1
JPUS	JPMorgan Diversified Return U.S. Equity ETF	2.9	18	17	8.0	+0.1
HAPY	Harbor Human Capital Factor Unconstrained ETF	2.9	50	-15	5.7	-2.2
FLDZ	RiverNorth Patriot ETF	2.8	75	-40	6.3	-1.6
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	2.8	15	20	7.7	-0.2
WCEO	Hypatia Women CEO ETF	2.8	85	-50	4.7	-3.2
IMCV	iShares Morningstar Mid-Cap Value ETF	2.8	6	29	8.5	+0.6
BLES	Inspire Global Hope ETF	2.7	61	-26	7.0	-0.9
TXS	Texas Capital Texas Equity Index ETF	2.7	49	-14	5.9	-2.0
IWS	iShares Russell Mid-Cap Value ETF	2.7	23	12	7.1	-0.8
ONEV	SPDR Russell 1000 Low Volatility Focus ETF	2.7	20	15	7.8	-0.0
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	2.7	60	-25	5.3	-2.6
NIXT	Research Affiliates Deletions ETF	2.6	9	26	9.4	+1.6
VBK	Vanguard Small-Cap Growth ETF	2.6	7	28	2.0	-5.9
FYT	First Trust Small Cap Value AlphaDEX Fund	2.5	73	-38	12.1	+4.2
UDI	USCF Dividend Income Fund	2.5	65	-30	8.5	+0.6
BKMC	BNY Mellon US Mid Cap Core Equity ETF	2.4	4	31	6.5	-1.4
IJT	iShares S&P Small-Cap 600 Growth ETF	2.4	18	17	5.8	-2.1
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	2.4	60	-25	6.4	-1.5
IMCB	iShares Morningstar Mid-Cap ETF	2.3	4	31	6.2	-1.7
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	2.3	80	-45	8.2	+0.4
EUSA	iShares MSCI USA Equal Weighted ETF	2.3	9	26	6.3	-1.6
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	2.3	15	20	5.9	-2.0
PTL	Inspire 500 ETF	2.3	9	26	5.6	-2.3
SLYG	SPDR S&P 600 Small Cap Growth ETF	2.3	15	20	5.9	-2.0
JPEF	JPMorgan Equity Focus ETF	2.2	50	-15	4.5	-3.4
SIZE	iShares MSCI USA Size Factor ETF	2.2	15	20	6.0	-1.9
EQAL	Invesco Russell 1000 Equal Weight ETF	2.2	20	15	7.2	-0.7
HAPS	Harbor Human Capital Factor US Small Cap ETF	2.1	60	-25	4.4	-3.5
ISMD	Inspire Small/Mid Cap ETF	2.1	54	-19	6.5	-1.4
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	2.1	29	6	9.1	+1.2
MAGA	Point Bridge America First ETF	2.0	72	-37	6.3	-1.6
MIDE	Xtrackers S&P MidCap 400 ESG ETF	2.0	15	20	8.5	+0.6
IWR	iShares Russell Midcap ETF	2.0	19	16	6.1	-1.8
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	2.0	30	5	8.5	+0.6
JHMM	John Hancock Multifactor Mid Cap ETF	1.9	42	-7	6.7	-1.2
IMCG	iShares Morningstar Mid-Cap Growth ETF	1.9	6	29	4.2	-3.7
VOT	Vanguard Mid-Cap Growth ETF	1.9	7	28	3.6	-4.2
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	1.9	40	-5	7.4	-0.5
VO	Vanguard Mid-Cap ETF	1.9	4	31	6.0	-1.9
VOE	Vanguard Mid-Cap Value ETF	1.9	7	28	8.0	+0.2
RSMC	Rockefeller U.S. Small-Mid Cap ETF	1.9	75	-40	4.9	-3.0
FDVV	Fidelity High Dividend ETF	1.9	15	20	8.1	+0.3
RSP	Invesco S&P 500 Equal Weight ETF	1.9	20	15	6.6	-1.3
NUSC	Nuveen ESG Small-Cap ETF	1.8	31	4	5.7	-2.2
SPGP	Invesco S&P 500 GARP ETF	1.8	34	1	9.6	+1.7
FYX	First Trust Small Cap Core AlphaDEX Fund	1.8	61	-26	6.8	-1.1
SDY	SPDR S&P Dividend ETF	1.8	35	0	6.9	-1.0
INCE	Franklin Income Equity Focus ETF	1.8	29	6	5.7	-2.2
PSC	Principal U.S. Small-Cap ETF	1.8	38	-3	7.1	-0.8
GRPM	Invesco S&P MidCap 400 GARP ETF	1.8	35	0	9.7	+1.8
SPDV	AAM S&P 500 High Dividend Value ETF	1.8	29	6	11.3	+3.4
FNDA	Schwab Fundamental US Small Co. Index ETF	1.8	25	10	8.4	+0.6
QDIV	Global X S&P 500 Quality Dividend ETF	1.8	20	15	8.7	+0.8
ESIX	SPDR S&P SmallCap 600 ESG ETF	1.8	12	23	8.6	+0.7
IWN	iShares Russell 2000 Value ETF	1.8	24	11	8.4	+0.5
VTWV	Vanguard Russell 2000 Value ETF	1.7	15	20	8.4	+0.5
NUMV	Nuveen ESG Mid-Cap Value ETF	1.7	31	4	7.3	-0.5
XJH	iShares ESG Screened S&P Mid-Cap ETF	1.7	12	23	7.5	-0.4
BMVP	Invesco Bloomberg MVP Multi-factor ETF	1.7	29	6	6.2	-1.7
MBOX	Freedom Day Dividend ETF	1.7	39	-4	7.8	-0.1
OSCV	Opus Small Cap Value ETF	1.7	79	-44	6.9	-1.0
RDIV	Invesco S&P Ultra Dividend Revenue ETF	1.6	39	-4	12.6	+4.7
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.6	9	26	6.3	-1.6
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	1.6	24	11	8.3	+0.4
STXM	Strive Mid-Cap ETF	1.6	18	17	6.6	-1.3
BDIV	AAM Brentview Dividend Growth ETF	1.6	49	-14	4.8	-3.1
SCHM	Schwab U.S. Mid-Cap ETF	1.6	4	31	7.1	-0.8
DES	WisdomTree U.S. SmallCap Dividend Fund	1.6	38	-3	9.9	+2.0
FNY	First Trust Mid Cap Growth AlphaDEX Fund	1.6	70	-35	3.2	-4.7
IJJ	iShares S&P Mid-Cap 400 Value ETF	1.6	18	17	9.4	+1.5
MDY	SPDR S&P Midcap 400 ETF Trust	1.6	24	11	7.6	-0.3
IJH	iShares Core S&P Mid-Cap ETF	1.5	5	30	7.8	-0.1
IJR	iShares Core S&P Small Cap ETF	1.5	6	29	8.3	+0.4
IJK	iShares S&P Mid-Cap 400 Growth ETF	1.5	17	18	6.2	-1.7
QUVU	Hartford Quality Value ETF	1.5	46	-11	7.4	-0.5
VB	Vanguard Small-Cap ETF	1.5	5	30	6.5	-1.4
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.5	60	-25	6.2	-1.7
MDYV	SPDR S&P 400 Mid Cap Value ETF	1.5	15	20	9.4	+1.5
QLC	FlexShares US Quality Large Cap Index Fund	1.5	25	10	5.7	-2.2
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	1.5	35	0	6.3	-1.6
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	1.5	15	20	9.4	+1.6
SPMD	SPDR Portfolio S&P 400 Mid Cap ETF	1.5	3	32	7.8	-0.1
FYC	First Trust Small Cap Growth AlphaDEX Fund	1.5	71	-36	0.6	-7.3
IVOO	Vanguard S&P Mid-Cap 400 ETF	1.5	10	25	7.7	-0.2
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	1.5	15	20	6.1	-1.8
DEUS	Xtrackers Russell US Multifactor ETF	1.5	17	18	7.2	-0.7
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	1.5	56	-21	6.6	-1.3
VIOO	Vanguard S&P Small-Cap 600 ETF	1.5	10	25	8.2	+0.4
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	1.5	39	-4	6.3	-1.6
MDYG	SPDR S&P 400 Mid Cap Growth ETF	1.5	15	20	6.2	-1.7
SPSM	SPDR Portfolio S&P 600 Small Cap ETF	1.5	3	32	8.3	+0.4
DLN	WisdomTree U.S. LargeCap Dividend Fund	1.5	28	7	6.2	-1.6
HWSM	Hotchkis & Wiley SMID Cap Diversified Value ETF	1.4	55	-20	11.0	+3.1
DTD	WisdomTree U.S. Total Dividend Fund	1.4	28	7	6.6	-1.3
JAVA	JPMorgan Active Value ETF	1.4	44	-9	6.7	-1.2
FCTR	First Trust Lunt U.S. Factor Rotation ETF	1.4	65	-30	3.5	-4.4
DHS	WisdomTree U.S. High Dividend Fund	1.4	38	-3	8.4	+0.6
XMVM	Invesco S&P MidCap Value with Momentum ETF	1.4	39	-4	10.2	+2.3
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	1.3	10	25	5.5	-2.4
JQUA	JPMorgan U.S. Quality Factor ETF	1.3	12	23	5.9	-1.9
FSMD	Fidelity Small-Mid Multifactor ETF	1.3	15	20	7.4	-0.4
FUNL	CornerCap Fundametrics Large-Cap ETF	1.3	50	-15	7.6	-0.3
FAD	First Trust Multi Cap Growth AlphaDEX Fund	1.3	64	-29	2.4	-5.5
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	1.3	50	-15	8.8	+0.9
RFDA	RiverFront Dynamic US Dividend Advantage ETF	1.3	52	-17	7.0	-0.9
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	1.2	39	-4	7.0	-0.9
RFFC	ALPS Active Equity Opportunity ETF	1.2	48	-13	4.6	-3.3
ETHO	Etho Climate Leadership U.S. ETF	1.2	47	-12	5.6	-2.3
XSVM	Invesco S&P SmallCap Value with Momentum ETF	1.2	36	-1	12.9	+5.0
XJR	iShares ESG Screened S&P Small-Cap ETF	1.2	12	23	7.9	-0.0
EES	WisdomTree U.S. SmallCap Fund	1.2	38	-3	9.7	+1.8
SSPY	Syntax Stratified LargeCap ETF	1.2	30	5	6.9	-1.0
SHUS	Syntax Stratified U.S. Total Market Hedged ETF	1.2	65	-30	6.6	-1.3
ULVM	VictoryShares US Value Momentum ETF	1.2	20	15	7.6	-0.3
GVUS	Marketbeta Russell 1000 Value Equity ETF	1.2	12	23	6.8	-1.1
VXF	Vanguard Extended Market ETF	1.2	6	29	5.0	-2.9
AFMC	First Trust Active Factor Mid Cap ETF	1.2	65	-30	9.2	+1.3
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	1.1	15	20	8.4	+0.5
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.1	9	26	4.8	-3.1
SCHV	Schwab U.S. Large-Cap Value ETF	1.1	4	31	7.0	-0.8
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	1.1	20	15	6.2	-1.6
IWM	iShares Russell 2000 ETF	1.1	19	16	4.8	-3.0
RSSL	Global X Russell 2000 ETF	1.1	8	27	4.8	-3.1
VTWO	Vanguard Russell 2000 ETF	1.1	10	25	4.9	-3.0
AFLG	First Trust Active Factor Large Cap ETF	1.1	55	-20	6.3	-1.6
IWD	iShares Russell 1000 Value ETF	1.1	19	16	6.7	-1.2
VONV	Vanguard Russell 1000 Value ETF	1.1	8	27	6.8	-1.1
FTC	First Trust Large Cap Growth AlphaDEX Fund	1.1	59	-24	2.9	-5.0
SFYX	SoFi Next 500 ETF	1.1	0	35	6.2	-1.7
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	1.1	15	20	7.8	-0.1
CVY	Invesco Zacks Multi-Asset Income ETF	1.0	106	-71	12.4	+4.5
RSPE	Invesco ESG S&P 500 Equal Weight ETF	1.0	20	15	6.6	-1.3
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.0	7	28	6.5	-1.4
SMMD	iShares Russell 2500 ETF	1.0	15	20	6.7	-1.2
DIVB	iShares Core Dividend ETF	1.0	5	30	7.9	+0.1
SPDG	SPDR Portfolio S&P Sector Neutral Dividend ETF	1.0	5	30	8.3	+0.4
LVOL	American Century Low Volatility ETF	1.0	29	6	4.7	-3.2
QUAL	iShares MSCI USA Quality Factor ETF	1.0	15	20	5.3	-2.5
PABU	iShares Paris-Aligned Climate MSCI USA ETF	1.0	10	25	4.6	-3.3
ONEO	SPDR Russell 1000 Momentum Focus ETF	1.0	20	15	7.3	-0.6
ISCV	iShares Morningstar Small Cap Value ETF	1.0	6	29	10.0	+2.1
ZECP	Zacks Earnings Consistent Portfolio ETF	1.0	55	-20	5.0	-2.9
FEGE	First Eagle Global Equity ETF	0.9	79	-44	7.2	-0.7
VTV	Vanguard Value ETF	0.9	4	31	7.2	-0.7
FDFF	Fidelity Disruptive Finance ETF	0.9	50	-15	4.0	-3.9
NZUS	SPDR MSCI USA Climate Paris Aligned ETF	0.9	10	25	4.6	-3.3
FVD	First Trust Value Line Dividend Index Fund	0.9	65	-30	6.4	-1.5
SCHA	Schwab U.S. Small-Cap ETF	0.9	4	31	6.6	-1.3
FQAL	Fidelity Quality Factor ETF	0.9	15	20	5.8	-2.1
STXK	Strive Small-Cap ETF	0.9	18	17	6.5	-1.4
ISCB	iShares Morningstar Small-Cap ETF	0.9	4	31	6.5	-1.4
FLRG	Fidelity U.S. Multifactor ETF	0.9	15	20	7.1	-0.8
STXV	Strive 1000 Value ETF	0.9	18	17	8.4	+0.5
VEGN	US Vegan Climate ETF	0.9	60	-25	4.6	-3.2
SMLV	SPDR SSGA US Small Cap Low Volatility Index ETF	0.9	12	23	7.8	-0.1
ROSC	Hartford Multifactor Small Cap ETF	0.8	34	1	10.3	+2.4
GLBL	Pacer MSCI World Industry Advantage ETF	0.8	65	-30	4.4	-3.5
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	0.8	29	6	6.7	-1.2
ISCG	iShares Morningstar Small-Cap Growth ETF	0.8	6	29	3.0	-4.9
FMDE	Fidelity Enhanced Mid Cap ETF	0.8	23	12	6.0	-1.9
IQSU	IQ Candriam U.S. Large Cap Equity ETF	0.8	9	26	5.1	-2.8
DIVL	Madison Dividend Value ETF	0.8	65	-30	6.2	-1.7
APUE	ActivePassive U.S. Equity ETF	0.8	45	-10	4.9	-2.9
INRO	iShares U.S. Industry Rotation Active ETF	0.8	42	-7	4.9	-3.0
VBR	Vanguard Small Cap Value ETF	0.8	7	28	9.7	+1.8
SIXL	ETC 6 Meridian Low Beta Equity ETF	0.8	80	-45	6.1	-1.8
REVS	Columbia Research Enhanced Value ETF	0.7	19	16	8.1	+0.2
SPVM	Invesco S&P 500 Value with Momentum ETF	0.7	39	-4	8.7	+0.9
VLUE	iShares MSCI USA Value Factor ETF	0.7	15	20	10.3	+2.4
EGLE	Global X S&P 500 U.S. Revenue Leaders ETF	0.7	19	16	5.4	-2.5
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.7	40	-5	7.8	-0.1
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	0.7	15	20	4.9	-3.0
FLQL	Franklin LibertyQ U.S. Equity ETF	0.7	15	20	5.7	-2.2
SPXT	ProShares S&P 500 Ex-Technology ETF	0.7	9	26	5.8	-2.1
CVLC	Calvert US Large-Cap Core Responsible Index ETF	0.7	15	20	5.2	-2.7
BKSE	BNY Mellon US Small Cap Core Equity ETF	0.7	4	31	6.5	-1.4
USXF	iShares ESG Advanced MSCI USA ETF	0.7	10	25	4.8	-3.1
JHML	John Hancock Multifactor Large Cap ETF	0.7	29	6	5.6	-2.3
YALL	God Bless America ETF	0.7	65	-30	3.9	-4.0
JHSC	John Hancock Multifactor Small Cap ETF	0.7	42	-7	7.2	-0.7
EZM	WisdomTree U.S. MidCap Fund	0.7	38	-3	9.7	+1.8
LOWV	AB US Low Volatility Equity ETF	0.7	48	-13	5.2	-2.7
FDLO	Fidelity Low Volatility Factor ETF	0.7	15	20	5.5	-2.4
RWJ	Invesco S&P SmallCap 600 Revenue ETF	0.7	39	-4	10.4	+2.5
ESGV	Vanguard ESG U.S. Stock ETF	0.7	9	26	5.0	-2.9
IJS	iShares S&P Small-Cap 600 Value ETF	0.7	18	17	10.8	+3.0
XMAG	Defiance Large Cap ex-Mag 7 ETF	0.6	35	0	5.3	-2.6
JHDV	John Hancock U.S. High Dividend ETF	0.6	34	1	7.0	-0.9
FDWM	Fidelity Women's Leadership ETF	0.6	59	-24	5.2	-2.7
VLU	SPDR S&P 1500 Value Tilt ETF	0.6	12	23	7.9	+0.0
SLYV	SPDR S&P 600 Small Cap Value ETF	0.6	15	20	10.9	+3.0
PRF	Invesco FTSE RAFI US 1000 ETF	0.6	39	-4	7.2	-0.7
VIOV	Vanguard S&P Small-Cap 600 Value ETF	0.6	15	20	10.9	+3.0
LRGF	iShares U.S. Equity Factor ETF	0.6	8	27	5.8	-2.1
ILCV	iShares Morningstar Value ETF	0.6	4	31	6.9	-1.0
SMLF	iShares U.S. SmallCap Equity Factor ETF	0.6	15	20	6.6	-1.3
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	0.6	9	26	5.5	-2.4
SVAL	iShares US Small Cap Value Factor ETF	0.6	20	15	11.6	+3.7
FNX	First Trust Mid Cap Core AlphaDEX Fund	0.6	60	-25	8.1	+0.2
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	0.6	25	10	6.1	-1.8
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.6	11	24	5.2	-2.7
DSPY	Tema S&P 500 Historical Weight ETF	0.6	18	17	5.4	-2.5
VTHR	Vanguard Russell 3000 ETF	0.5	10	25	5.1	-2.8
IWV	iShares Russell 3000 ETF	0.5	20	15	5.0	-2.9
SNPV	Xtrackers S&P 500 Value ESG ETF	0.5	15	20	7.1	-0.8
VTI	Vanguard Total Stock Market ETF	0.5	3	32	5.2	-2.7
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	0.5	17	18	6.2	-1.7
ITOT	iShares Core S&P Total U.S. Stock Market ETF	0.5	3	32	5.2	-2.7
BBUS	JP Morgan Betabuilders U.S. Equity ETF	0.5	2	33	5.2	-2.7
IUSV	iShares Core S&P US Value ETF	0.5	4	31	6.8	-1.1
SPXV	ProShares S&P 500 Ex-Health Care ETF	0.5	9	26	4.9	-2.9
SCHB	Schwab U.S. Broad Market ETF	0.5	3	32	5.3	-2.6
SPTM	SPDR Portfolio S&P 1500 Composite Stock Market ETF	0.5	3	32	5.4	-2.5
VONE	Vanguard Russell 1000 ETF	0.5	8	27	5.2	-2.7
QVML	Invesco S&P 500 QVM Multi-factor ETF	0.5	11	24	5.3	-2.6
IWB	iShares Russell 1000 ETF	0.5	15	20	5.1	-2.8
SCHX	Schwab U.S. Large-Cap ETF	0.5	3	32	5.2	-2.6
KLMN	Invesco MSCI North America Climate ETF	0.5	9	26	5.3	-2.6
SCHK	Schwab 1000 Index ETF	0.5	5	30	5.3	-2.6
HDUS	Hartford Disciplined US Equity ETF	0.5	19	16	6.0	-1.9
HKND	Humankind US Stock ETF	0.5	11	24	7.5	-0.4
SDG	iShares MSCI Global Sustainable Development Goals ETF	0.5	49	-14	6.3	-1.6
VTWG	Vanguard Russell 2000 Growth ETF	0.5	15	20	1.5	-6.4
FAB	First Trust Multi Cap Value AlphaDEX Fund	0.5	67	-32	10.8	+2.9
IWO	iShares Russell 2000 Growth ETF	0.5	24	11	1.5	-6.4
PBUS	Invesco MSCI USA ETF	0.5	4	31	5.2	-2.7
ILCB	iShares Morningstar U.S. Equity ETF	0.5	3	32	5.2	-2.7
SHE	SPDR MSCI USA Gender Diversity ETF	0.5	20	15	5.1	-2.8
MMTM	SPDR S&P 1500 Momentum Tilt ETF	0.5	12	23	4.8	-3.1
IYY	iShares Dow Jones U.S. ETF	0.5	20	15	5.1	-2.8
CATH	Global X S&P 500 Catholic Values Custom ETF	0.5	29	6	5.0	-2.9
XVV	iShares ESG Screened S&P 500 ETF	0.5	8	27	5.1	-2.8
FEX	First Trust Large Cap Core AlphaDEX Fund	0.5	59	-24	6.2	-1.6
SPXE	ProShares S&P 500 Ex-Energy ETF	0.5	9	26	5.1	-2.8
FNDB	Schwab Fundamental US Broad Market Index ETF	0.5	25	10	7.6	-0.3
SNPE	Xtrackers S&P 500 ESG ETF	0.5	10	25	5.4	-2.5
VOOV	Vanguard S&P 500 Value ETF	0.5	10	25	6.5	-1.3
SPYV	SPDR Portfolio S&P 500 Value ETF	0.5	4	31	6.6	-1.3
IVE	iShares S&P 500 Value ETF	0.5	18	17	6.5	-1.4
IUSG	iShares Core S&P U.S. Growth ETF	0.5	4	31	4.4	-3.5
FELV	Fidelity Enhanced Large Cap Value ETF	0.5	18	17	7.0	-0.9
SPYX	SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.5	20	15	5.0	-2.9
ADME	Aptus Drawdown Managed Equity ETF	0.4	79	-44	4.3	-3.6
SPY	SPDR S&P 500 ETF Trust	0.4	9	26	5.2	-2.7
VOO	Vanguard S&P 500 ETF	0.4	3	32	5.2	-2.6
BKLC	BNY Mellon US Large Cap Core Equity ETF	0.4	0	35	5.2	-2.7
IVV	iShares Core S&P 500 ETF	0.4	3	32	5.2	-2.7
SPLG	SPDR Portfolio S&P 500 ETF	0.4	2	33	5.2	-2.6
HLGE	Hartford Longevity Economy ETF	0.4	44	-9	6.6	-1.3
VOTE	TCW Transform 500 ETF	0.4	5	30	5.1	-2.8
FDRR	Fidelity Dividend ETF for Rising Rates	0.4	15	20	7.6	-0.3
KOKU	Xtrackers MSCI Kokusai Equity ETF	0.4	9	26	5.4	-2.4
RAFE	PIMCO RAFI ESG U.S. ETF	0.4	29	6	7.5	-0.3
VV	Vanguard Large-Cap ETF	0.4	4	31	5.1	-2.8
STRV	Strive 500 ETF	0.4	5	30	5.1	-2.8
SPYG	SPDR Portfolio S&P 500 Growth ETF	0.4	4	31	4.3	-3.6
VOOG	Vanguard S&P 500 Growth ETF	0.4	10	25	4.3	-3.6
IWC	iShares Micro-Cap ETF	0.4	60	-25	-0.6	-8.5
IVW	iShares S&P 500 Growth ETF	0.4	18	17	4.2	-3.7
ILCG	iShares Morningstar Growth ETF	0.4	4	31	3.9	-4.0
AFSM	First Trust Active Factor Small Cap ETF	0.4	75	-40	8.0	+0.1
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.4	9	26	6.1	-1.8
USMF	WisdomTree U.S. Multifactor Fund	0.4	28	7	6.9	-1.0
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	0.4	25	10	8.4	+0.5
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	0.4	7	28	5.1	-2.8
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	0.4	12	23	5.4	-2.5
TOV	JLens 500 Jewish Advocacy U.S. ETF	0.4	18	17	4.9	-3.0
FNDX	Schwab Fundamental US Large Co. Index ETF	0.4	25	10	7.5	-0.4
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	0.4	20	15	5.3	-2.6
TOK	iShares MSCI Kokusai ETF	0.4	26	9	5.3	-2.6
STXG	Strive 1000 Growth ETF	0.4	18	17	4.1	-3.8
FDMO	Fidelity Momentum Factor ETF	0.4	15	20	3.9	-4.0
DGRS	WisdomTree US Smallcap Quality Dividend Growth Fund	0.4	38	-3	10.7	+2.8
FSST	Fidelity Sustainable U.S. Equity ETF	0.4	59	-24	4.5	-3.4
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	0.4	60	-25	10.4	+2.6
URTH	iShares MSCI World ETF	0.4	24	11	5.4	-2.5
KLMT	Invesco MSCI Global Climate 500 ETF	0.3	10	25	6.1	-1.8
HAPI	Harbor Human Capital Factor US Large Cap ETF	0.3	36	-1	5.0	-2.9
VT	Vanguard Total World Stock ETF	0.3	7	28	6.2	-1.7
OPTZ	Optimize Strategy Index ETF	0.3	50	-15	5.3	-2.6
CRBN	iShares MSCI ACWI Low Carbon Target ETF	0.3	20	15	6.0	-1.9
SFY	SoFi Select 500 ETF	0.3	0	35	4.7	-3.2
ACWI	iShares MSCI ACWI ETF	0.3	32	3	5.8	-2.1
RWK	Invesco S&P MidCap 400 Revenue ETF	0.3	39	-4	10.3	+2.4
ACVF	American Conservative Values ETF	0.3	75	-40	4.5	-3.4
RVRB	Reverb ETF	0.3	30	5	4.8	-3.1
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	0.3	19	16	6.6	-1.3
SMDX	Intech S&P Small-Mid Cap Divers Alp ETF	0.3	35	0	7.6	-0.3
FFLC	Fidelity Fundamental Large Cap Core ETF	0.3	38	-3	4.8	-3.1
ROUS	Hartford Multifactor US Equity ETF	0.3	19	16	7.4	-0.5
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	0.3	29	6	4.5	-3.4
WLDR	Affinity World Leaders Equity ETF	0.3	67	-32	7.9	+0.0
JSML	Janus Henderson Small Cap Growth Alpha ETF	0.3	30	5	8.4	+0.5
USCA	Xtrackers MSCI USA Climate Action Equity ETF	0.3	7	28	5.3	-2.6
PFM	Invesco Dividend Achievers ETF	0.3	53	-18	5.4	-2.5
MTUM	iShares MSCI USA Momentum Factor ETF	0.3	15	20	3.6	-4.3
MGV	Vanguard Mega Cap Value ETF	0.3	7	28	6.9	-1.0
USCL	iShares Climate Conscious & Transition MSCI USA ETF	0.3	8	27	5.3	-2.6
RECS	Columbia Research Enhanced Core ETF	0.3	15	20	6.1	-1.8
DSI	iShares MSCI KLD 400 Social ETF	0.3	25	10	5.1	-2.8
WOMN	Impact Shares YWCA Women's Empowerment ETF	0.3	75	-40	5.4	-2.5
EPS	WisdomTree U.S. LargeCap Fund	0.3	8	27	6.0	-1.8
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	0.3	45	-10	4.7	-3.2
JVAL	JPMorgan U.S. Value Factor ETF	0.3	12	23	8.7	+0.9
STXD	Strive 1000 Dividend Growth ETF	0.2	35	0	5.0	-2.9
IWX	iShares Russell Top 200 Value ETF	0.2	20	15	6.5	-1.4
AIEQ	AI Powered Equity ETF	0.2	75	-40	4.0	-3.9
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	0.2	32	3	5.2	-2.7
IEDI	iShares U.S. Consumer Focused ETF	0.2	18	17	5.3	-2.6
FESM	Fidelity Enhanced Small Cap ETF	0.2	28	7	8.2	+0.3
FVAL	Fidelity Value Factor ETF	0.2	15	20	7.3	-0.6
VSLU	Applied Finance Valuation Large Cap ETF	0.2	49	-14	5.8	-2.1
QUS	SPDR MSCI USA StrategicFactors ETF	0.2	15	20	5.9	-2.0
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	0.2	30	5	7.0	-0.9
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	0.2	35	0	10.0	+2.2
IUS	Invesco RAFI Strategic US ETF	0.2	19	16	7.0	-0.9
RWL	Invesco S&P 500 Revenue ETF	0.2	39	-4	7.0	-0.9
QWLD	SPDR MSCI World StrategicFactors ETF	0.1	30	5	6.2	-1.7
XSMO	Invesco S&P SmallCap Momentum ETF	0.1	39	-4	6.0	-1.9
GSPY	Gotham Enhanced 500 ETF	0.1	50	-15	5.6	-2.3
NACP	Impact Shares NAACP Minority Empowerment ETF	0.1	49	-14	5.1	-2.8
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	0.1	75	-40	4.2	-3.7
MGC	Vanguard Mega Cap ETF	0.1	7	28	4.9	-3.0
IWL	iShares Russell Top 200 ETF	0.1	15	20	4.9	-3.0
JMOM	JPMorgan U.S. Momentum Factor ETF	0.1	12	23	4.7	-3.2
QLV	FlexShares US Quality Low Volatility Index Fund	0.1	22	13	5.8	-2.1
GLOF	iShares Global Equity Factor ETF	0.1	20	15	6.9	-1.0
PKW	Invesco Buyback Achievers ETF	0.1	62	-27	7.8	-0.1
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.1	42	-7	5.6	-2.3
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	0.1	25	10	6.0	-1.9
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	0.1	14	21	5.2	-2.7
SNPG	Xtrackers S&P 500 Growth ESG ETF	0.1	15	20	4.6	-3.3
YOKE	Yoke Core ETF	0.1	42	-7	4.5	-3.4
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	0.1	20	15	6.0	-1.9
VUG	Vanguard Growth ETF	0.0	4	31	4.2	-3.7
JEPI	JPMorgan Equity Premium Income ETF	0.0	35	0	5.6	-2.3
GGUS	Marketbeta Russell 1000 Growth Equity ETF	0.0	12	23	4.7	-3.2
ONEQ	Fidelity Nasdaq Composite Index ETF	0.0	21	14	4.0	-3.9
IWY	iShares Russell Top 200 Growth ETF	0.0	20	15	4.7	-3.2
IWF	iShares Russell 1000 Growth ETF	0.0	19	16	4.6	-3.3
VONG	Vanguard Russell 1000 Growth ETF	0.0	8	27	4.7	-3.2
EBI	Longview Advantage ETF	0.0	35	0	7.0	-0.9

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%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

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

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

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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	Nuveen Short-Term REIT ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

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