Invesco S&P SmallCap Energy ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 21.2x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P Small Cap Energy is based on the S&P SmallCap 600 Capped Energy Index. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the U.S. small-cap market.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invescopowershares.com
Inception date Apr 07, 2010
Assets (mns) $108
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $2,301
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 51.9%
Small cap (<$2bn) 48.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ARCHROCK INC. 7.3 %
SM ENERGY CO 6.9 %
KODIAK GAS SERVICES, INC. 6.3 %
NOBLE CORP PLC CLASS A 5.9 %
MAGNOLIA OIL & GAS CORP. CLASS A 5.4 %
LIBERTY OILFIELD SERVICES INC. CLA 5.0 %
CALIFORNIA RESOURCES CORP ORDINARY 4.9 %
CORE NATURAL RESOURCES INC ORDINAR 4.8 %
CACTUS, INC. CLASS A 4.3 %
OCEANEERING INTL INC 4.1 %
Total 54.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
37.1% 63.1% 12.6% -1.7% -3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.40 3%
MSCI EAFE 0.12 1%
MSCI Emg. Mkts. 0.11 1%

Technical Indicators
Recent close $55.72
30d moving avg. $58.11
Annualized volatility 24.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 9.5%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 27
Turnover 1.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 248 potential alternatives to the Invesco S&P SmallCap Energy ETF ETF based on the alternatives' overlap in portfolio holdings with PSCE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSCE Expense: 29 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCE
Ticker Fund
Name		 Overlap1
vs PSCE
(%)		 Expense
ratio
(bp)		 Savings
vs PSCE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PSCE
(%)
OIH VanEck Oil Services ETF 21.2 35 -6 2.8 -4.5
PXJ Invesco Oil & Gas Services ETF 21.1 63 -34 2.9 -4.4
IEZ iShares U.S. Oil Equipment & Services ETF 17.1 40 -11 2.9 -4.4
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 16.6 35 -6 10.6 +3.3
PXE Invesco Energy Exploration & Production ETF 13.9 60 -31 12.5 +5.2
GRPZ Invesco S&P SmallCap 600 GARP ETF 12.3 35 -6 5.7 -1.6
PXI Invesco Dorsey Wright Energy Momentum ETF 12.0 60 -31 5.4 -1.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.9 35 -6 6.8 -0.5
AVUV Avantis U.S. Small Cap Value ETF 8.6 25 4 7.7 +0.4
FCG First Trust Natural Gas ETF 8.3 60 -31 15.2 +8.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 8.0 47 -18 7.4 +0.1
LNGX Global X U.S. Natural Gas ETF 7.7 45 -16 10.9 +3.6
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 7.7 38 -9 8.7 +1.5
CCNR ALPS CoreCommodity Natural Resources ETF 7.5 39 -10 8.6 +1.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 7.1 39 -10 7.1 -0.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 6.7 59 -30 4.1 -3.2
FYT First Trust Small Cap Value AlphaDEX Fund 6.2 73 -44 9.4 +2.1
NDIV Amplify Natural Resources Dividend Income ETF 6.0 59 -30 12.0 +4.7
VAMO Cambria Value & Momentum ETF 5.9 61 -32 5.2 -2.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 5.7 59 -30 8.0 +0.7
SFLO VictoryShares Small Cap Free Cash Flow ETF 5.5 49 -20 7.5 +0.2
DSMC Distillate Small/Mid Cash Flow ETF 5.4 55 -26 10.6 +3.3
DES WisdomTree U.S. SmallCap Dividend Fund 5.3 38 -9 7.8 +0.5
TCV Towle Value ETF 5.2 85 -56 9.0 +1.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 5.2 15 14 8.7 +1.4
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 5.1 55 -26 3.0 -4.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 5.1 10 19 8.7 +1.4
IJS iShares S&P Small-Cap 600 Value ETF 5.1 18 11 8.6 +1.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 5.0 35 -6 8.7 +1.4
SYLD Cambria Shareholder Yield ETF 4.8 59 -30 10.2 +2.9
AVSC Avantis U.S Small Cap Equity ETF 4.7 25 4 4.4 -2.9
HAPS Harbor Human Capital Factor US Small Cap ETF 4.6 60 -31 3.2 -4.1
FTXN First Trust Nasdaq Oil & Gas ETF 4.2 60 -31 9.1 +1.8
CDIG City Different Investments Global Equity ETF 4.2 75 -46 -1.6 -8.9
XSHQ Invesco S&P SmallCap Quality ETF 4.2 29 0 6.6 -0.7
MVPA Miller Value Partners Appreciation ETF 4.2 60 -31 9.7 +2.4
EES WisdomTree U.S. SmallCap Fund 4.2 38 -9 7.5 +0.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 4.0 40 -11 10.2 +3.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 3.9 3 26 6.1 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 3.9 7 22 5.9 -1.4
VRAI Virtus Real Asset Income ETF 3.8 55 -26 8.3 +1.1
IJR iShares Core S&P Small Cap ETF 3.8 6 23 6.0 -1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.7 29 0 6.2 -1.1
FENY Fidelity MSCI Energy Index ETF 3.7 8 21 7.1 -0.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 3.7 35 -6 6.6 -0.7
BOAT SonicShares Global Shipping ETF 3.7 69 -40 21.7 +14.4
ALIL Argent Focused Small Cap ETF 3.6 74 -45 5.6 -1.7
FYX First Trust Small Cap Core AlphaDEX Fund 3.5 61 -32 5.1 -2.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 3.5 15 14 5.9 -1.4
RNIN Bushido Capital US SMID Cap Equity ETF 3.4 70 -41 10.2 +2.9
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 3.4 59 -30 2.9 -4.4
XME State Street SPDR S&P Metals & Mining ETF 3.4 35 -6 5.9 -1.4
SQLV Royce Quant Small-Cap Quality Value ETF 3.3 60 -31 7.4 +0.1
ROKT State Street SPDR S&P Kensho Final Frontiers ETF 3.3 45 -16 0.8 -6.5
EIPX FT Energy Income Partners Strategy ETF 3.2 95 -66 5.9 -1.4
PSC Principal U.S. Small-Cap ETF 3.2 38 -9 3.5 -3.8
VTWV Vanguard Russell 2000 Value ETF 3.2 10 19 4.7 -2.6
VDE Vanguard Energy ETF 3.1 9 20 7.1 -0.2
DGLO First Trust RBA Deglobalization ETF 3.1 70 -41 5.3 -2.0
IWN iShares Russell 2000 Value ETF 3.1 24 5 4.6 -2.7
RNSC Furst Trust Small Cap US Equity Select ETF 3.1 60 -31 4.5 -2.8
DFSV Dimensional US Small Cap Value ETF 3.1 31 -2 8.6 +1.3
FDLS Inspire Fidelis Multi Factor ETF 3.1 76 -47 3.1 -4.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.0 9 20 3.5 -3.8
TMFS Motley Fool Small-Cap Growth ETF 3.0 85 -56 1.2 -6.1
FSGS First Trust SMID Growth Strength ETF 2.9 60 -31 4.8 -2.5
SVAL iShares US Small Cap Value Factor ETF 2.9 20 9 7.0 -0.3
FNDA Schwab Fundamental US Small Co. Index ETF 2.8 25 4 5.9 -1.4
AFSM First Trust Active Factor Small Cap ETF 2.8 75 -46 5.4 -1.9
DFAT Dimensional U.S. Targeted Value ETF 2.7 28 1 8.4 +1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 2.6 10 19 3.4 -3.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 2.6 15 14 3.5 -3.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.6 35 -6 2.8 -4.5
IJT iShares S&P Small-Cap 600 Growth ETF 2.5 18 11 3.4 -3.8
FESM Fidelity Enhanced Small Cap ETF 2.5 28 1 2.1 -5.2
XJR iShares ESG Screened S&P Small-Cap ETF 2.4 12 17 5.9 -1.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.4 55 -26 5.0 -2.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.3 36 -7 7.9 +0.6
JHSC John Hancock Multifactor Small Cap ETF 2.3 42 -13 5.8 -1.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 2.3 35 -6 5.7 -1.6
TPSC Timothy Plan US Small Cap Core ETF 2.3 52 -23 6.4 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.2 39 -10 2.1 -5.2
CVY Invesco Zacks Multi-Asset Income ETF 2.2 106 -77 9.9 +2.6
JSML Janus Henderson Small Cap Growth Alpha ETF 2.2 30 -1 2.5 -4.8
RSSL Global X Russell 2000 ETF 2.2 8 21 2.6 -4.7
IWM iShares Russell 2000 ETF 2.1 19 10 2.5 -4.8
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.1 60 -31 8.1 +0.8
STXK Strive Small-Cap ETF 2.0 18 11 5.0 -2.3
ACES ALPS Clean Energy ETF 2.0 55 -26 -2.7 -10.0
CALF Pacer US Small Cap Cash Cows 100 ETF 2.0 59 -30 8.7 +1.5
NVIR Horizon Kinetics Energy and Remediation ETF 2.0 85 -56 5.3 -2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 2.0 4 25 5.0 -2.3
ISMD Inspire Small/Mid Cap ETF 2.0 54 -25 4.7 -2.6
EINC VanEck Energy Income ETF 1.9 48 -19 4.3 -3.0
VTWO Vanguard Russell 2000 ETF 1.9 7 22 2.6 -4.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.9 20 9 3.8 -3.5
AVIE Avantis  Inflation Focused Equity ETF 1.9 25 4 6.0 -1.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.8 30 -1 13.2 +5.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.8 25 4 7.5 +0.2
WBIY WBI Power Factor High Dividend ETF 1.8 100 -71 12.0 +4.8
MLPX Global X MLP & Energy Infrastructure ETF 1.7 45 -16 4.2 -3.1
COPY Tweedy, Browne Insider + Value ETF 1.7 80 -51 14.6 +7.3
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 23 7.5 +0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 1.6 67 -38 8.5 +1.2
TPYP Tortoise North American Pipeline Fund 1.6 40 -11 4.8 -2.4
DFAS Dimensional U.S. Small Cap ETF 1.6 26 3 5.4 -1.9
USAI Pacer American Energy Independence ETF 1.5 75 -46 3.5 -3.8
FITE State Street SPDR S&P Kensho Future Security ETF 1.5 45 -16 1.0 -6.3
FMKT The Free Markets ETF 1.5 76 -47 4.2 -3.1
SIXS ETC 6 Meridian Small Cap Equity ETF 1.5 89 -60 7.4 +0.2
ROSC Hartford Multifactor Small Cap ETF 1.5 34 -5 6.8 -0.5
IGE iShares North American Natural Resources ETF 1.5 41 -12 6.0 -1.3
WCEO Hypatia Women CEO ETF 1.4 85 -56 4.4 -2.9
SCHA Schwab U.S. Small-Cap ETF 1.4 4 25 4.2 -3.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.4 35 -6 6.2 -1.1
CRAK VanEck Oil Refiners ETF 1.4 61 -32 8.9 +1.6
VFMO Vanguard U.S. Momentum Factor ETF 1.4 13 16 1.6 -5.7
AIRL Themes Airlines ETF 1.4 35 -6 1.6 -5.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -36 1.4 -5.9
JPSV JPMorgan Active Small Cap Value ETF 1.4 74 -45 7.1 -0.2
BFOR ALPS Barron's 400 ETF 1.3 65 -36 21.0 +13.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.2 30 -1 3.6 -3.7
FNK First Trust Mid Cap Value AlphaDEX Fund 1.2 70 -41 9.5 +2.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.2 24 5 5.8 -1.5
BESF Bastion Energy ETF 1.2 80 -51 9.0 +1.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.2 95 -66 -0.6 -7.8
EBI Longview Advantage ETF 1.2 35 -6 5.8 -1.5
LST Leuthold Select Industries ETF 1.2 91 -62 4.7 -2.6
EIPI FT Energy Income Partners Enhanced Income ETF 1.2 110 -81 5.4 -1.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.1 20 9 5.6 -1.7
NANR SPDR S&P North American Natural Resources ETF 1.1 35 -6 6.8 -0.5
IWO iShares Russell 2000 Growth ETF 1.1 24 5 0.5 -6.8
VFMF Vanguard U.S. Multifactor ETF 1.1 18 11 6.3 -0.9
GVLU Gotham 1000 Value ETF 1.1 50 -21 8.2 +0.9
RNMC First Trust Mid Cap US Equity Select ETF 1.1 60 -31 6.6 -0.7
VFQY Vanguard U.S. Quality Factor ETF 1.1 13 16 5.3 -2.0
SMOX Horizon Small/Mid Cap Core Equity ETF 1.1 75 -46 5.2 -2.1
PBW Invesco WilderHill Clean Energy ETF 1.1 66 -37 -3.0 -10.3
GURU Global X Guru Index ETF 1.1 75 -46 2.3 -5.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.0 60 -31 5.7 -1.6
FSCS First Trust SMID Capital Strength ETF 1.0 60 -31 6.9 -0.4
ISCB iShares Morningstar Small-Cap ETF 1.0 4 25 5.2 -2.1
ICLN iShares Global Clean Energy ETF 1.0 41 -12 1.9 -5.4
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 60 -31 6.1 -1.2
VTWG Vanguard Russell 2000 Growth ETF 0.9 10 19 0.6 -6.7
OSCV Opus Small Cap Value ETF 0.9 79 -50 5.8 -1.5
DRLL Strive U.S. Energy ETF 0.9 41 -12 8.2 +1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.9 52 -23 5.0 -2.3
SMMD iShares Russell 2500 ETF 0.9 15 14 5.3 -2.0
PBD Invesco Global Clean Energy ETF 0.9 75 -46 0.3 -7.0
ROE Astoria US Quality Kings ETF 0.9 49 -20 5.2 -2.1
VBR Vanguard Small Cap Value ETF 0.8 7 22 7.7 +0.4
DXUV Dimensional US Vector Equity ETF 0.8 28 1 5.1 -2.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.8 20 9 0.8 -6.5
VXF Vanguard Extended Market ETF 0.8 5 24 3.6 -3.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.8 40 -11 3.5 -3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -27 9.9 +2.6
AKAF The Frontier Economic Fund 0.8 20 9 5.3 -2.0
CGV Conductor Global Equity Value ETF 0.8 130 -101 7.9 +0.6
DEEP Roundhill Acquirers Deep Value ETF 0.8 80 -51 14.9 +7.6
FSMD Fidelity Small-Mid Multifactor ETF 0.8 15 14 6.3 -1.0
WDNA WisdomTree BioRevolution Fund 0.8 45 -16 -2.0 -9.3
VUSE Vident U.S. Equity Strategy ETF 0.8 50 -21 3.6 -3.6
TXS Texas Capital Texas Equity Index ETF 0.8 49 -20 5.0 -2.3
FFOX FundX Future Fund Opportunities ETF 0.7 100 -71 2.4 -4.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.7 17 12 4.8 -2.5
XSMO Invesco S&P SmallCap Momentum ETF 0.7 39 -10 3.5 -3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.7 39 -10 3.4 -3.9
VB Vanguard Small-Cap ETF 0.7 5 24 5.1 -2.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.7 15 14 4.8 -2.5
EMLP First Trust North American Energy Infrastructure Fund 0.7 95 -66 4.6 -2.7
VFVA Vanguard U.S. Value Factor ETF 0.7 13 16 9.1 +1.8
DEW WisdomTree Global High Dividend Fund 0.7 58 -29 7.1 -0.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -41 2.0 -5.3
TEXN iShares Texas Equity ETF 0.6 20 9 5.1 -2.2
IWC iShares Micro-Cap ETF 0.6 60 -31 -1.3 -8.6
WSML iShares MSCI World Small-Cap ETF 0.6 15 14 5.3 -2.0
ASCE Allspring SMID Core ETF 0.6 38 -9 2.9 -4.4
QDF FlexShares Quality Dividend Index Fund 0.6 37 -8 5.2 -2.1
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 2 8.1 +0.8
VBK Vanguard Small-Cap Growth ETF 0.5 7 22 1.2 -6.1
FTXR First Trust Nasdaq Transportation ETF 0.5 60 -31 6.5 -0.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -50 3.9 -3.4
AVUS Avantis U.S. Equity ETF 0.5 15 14 4.6 -2.6
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -51 5.8 -1.5
IQM Franklin Intelligent Machines ETF 0.5 50 -21 1.1 -6.2
NIXT Research Affiliates Deletions ETF 0.4 9 20 6.3 -1.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 4 4.8 -2.5
AVUQ Avantis U.S. Quality ETF 0.4 15 14 3.6 -3.7
EZM WisdomTree U.S. MidCap Fund 0.4 38 -9 7.8 +0.6
TTAC FCF US Quality ETF 0.4 59 -30 5.7 -1.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 4 6.1 -1.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 23 2.7 -4.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 12 4.6 -2.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 0 5.5 -1.8
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.4 55 -26 8.6 +1.3
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.3 60 -31 -0.9 -8.2
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.3 12 17 3.3 -4.0
FPX First Trust US Equity Opportunities ETF 0.3 61 -32 0.7 -6.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.3 12 17 6.1 -1.2
FPWR First Trust EIP Power Solutions ETF 0.3 96 -67 4.4 -2.9
DCOR Dimensional US Core Equity 1 ETF 0.3 14 15 4.5 -2.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 2 6.3 -1.0
DFUV Dimensional US Marketwide Value ETF 0.3 22 7 6.0 -1.3
OPTZ Optimize Strategy Index ETF 0.2 50 -21 3.2 -4.1
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -36 4.8 -2.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 4 6.1 -1.2
IUS Invesco RAFI Strategic US ETF 0.2 19 10 5.4 -1.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.2 43 -14 4.7 -2.5
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -31 0.2 -7.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -35 1.2 -6.1
PKW Invesco Buyback Achievers ETF 0.2 62 -33 7.1 -0.2
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 11 4.6 -2.7
HDUS Hartford Disciplined US Equity ETF 0.2 19 10 4.7 -2.6
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -33 3.2 -4.1
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 1 5.6 -1.7
DFAU Dimensional US Core Equity Market ETF 0.2 12 17 4.2 -3.1
VYM Vanguard High Dividend Yield Index ETF 0.2 6 23 6.0 -1.3
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -23 3.7 -3.6
ROUS Hartford Multifactor US Equity ETF 0.1 19 10 5.3 -2.0
AFMC First Trust Active Factor Mid Cap ETF 0.1 65 -36 6.9 -0.4
SFGV Sequoia Global Value ETF 0.1 23 6 7.0 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 -5 5.5 -1.8
NUSC Nuveen ESG Small-Cap ETF 0.1 31 -2 4.8 -2.5
DHS WisdomTree U.S. High Dividend Fund 0.1 38 -9 8.0 +0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 22 5.2 -2.1
DFUS Dimensional U.S. Equity ETF 0.1 9 20 4.0 -3.3
VTHR Vanguard Russell 3000 ETF 0.1 7 22 4.1 -3.2
IWV iShares Russell 3000 ETF 0.1 20 9 3.9 -3.3
FFF Founders 100 ETF 0.1 75 -46 2.4 -4.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 26 4.1 -3.2
VTI Vanguard Total Stock Market ETF 0.1 3 26 4.1 -3.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 26 4.3 -3.0
SCHB Schwab U.S. Broad Market ETF 0.1 3 26 4.2 -3.1
QGRO American Century U.S. Quality Growth ETF 0.1 29 0 3.9 -3.4
AVMV Avantis U.S. Mid Cap Value ETF 0.1 20 9 7.2 -0.1
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -61 3.1 -4.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 11 5.9 -1.4
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 14 5.7 -1.6
HDV iShares Core High Dividend ETF 0.1 8 21 29.9 +22.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 20 4.8 -2.5
VT Vanguard Total World Stock ETF 0.0 6 23 4.9 -2.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 17 3.7 -3.6
DIVB iShares Core Dividend ETF 0.0 5 24 6.7 -0.6
DGRO iShares Core Dividend Growth ETF 0.0 8 21 5.4 -1.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 8 2.9 -4.4
ENHU iShares Enhanced Large Cap Core Active ETF 0.0 22 7 4.1 -3.2
RAUS RACWI US ETF 0.0 15 14 4.1 -3.2

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
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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
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Historical valuation trends

Forward
multiple:		 Invesco S&P SmallCap Energy 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 12.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.3 %
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.