Invesco S&P SmallCap Energy ETF
ALTAR
Score™		 9.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.4x P/Sales
ratio		 0.8x
P/BV
ratio		 1.3x Div.
yield		 6.0%


  • 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) $0
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 25
Wgt avg mkt cap (mns) $2,299
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
CALIFORNIA RESOURCES CORP 12.7 %
MAGNOLIA OIL & GAS CORP. CLASS A 7.2 %
SM ENERGY CO 7.1 %
ARCHROCK INC. 7.0 %
CACTUS, INC. CLASS A 6.2 %
NORTHERN OIL AND GAS INC 5.9 %
LIBERTY OILFIELD SERVICES INC. CLA 4.9 %
PATTERSON-UTI ENERGY INC 4.8 %
HELMERICH & PAYNE 4.4 %
CONSOL ENERGY INC 4.3 %
Total 64.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.3 %
BERMUDA 0.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.9% -8.8% 25.2% -6.2% -6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.89 22%
MSCI EAFE 0.46 8%
MSCI Emg. Mkts. 0.18 1%

Technical Indicators
Recent close $43.19
30d moving avg. $42.57
Annualized volatility 24.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 9.5%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 243 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™: 9.7%


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
(%)
XES State Street SPDR S&P Oil & Gas Equipment & Services ETF 33.1 35 -6 2.1 -7.6
PXJ Invesco Oil & Gas Services ETF 21.1 63 -34 3.8 -5.9
IEZ iShares U.S. Oil Equipment & Services ETF 19.8 40 -11 4.0 -5.7
OIH VanEck Oil Services ETF 18.7 35 -6 3.6 -6.1
PXE Invesco Energy Exploration & Production ETF 13.9 60 -31 16.0 +6.3
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 13.8 35 -6 14.5 +4.8
GRPZ Invesco S&P SmallCap 600 GARP ETF 12.3 35 -6 7.4 -2.3
PXI Invesco Dorsey Wright Energy Momentum ETF 12.0 60 -31 6.8 -2.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 11.0 49 -20 10.9 +1.2
NDIV Amplify Natural Resources Dividend Income ETF 9.6 59 -30 12.3 +2.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.9 35 -6 9.9 +0.2
AVUV Avantis U.S. Small Cap Value ETF 8.1 25 4 9.8 +0.1
SIXS ETC 6 Meridian Small Cap Equity ETF 8.0 89 -60 9.5 -0.1
FCG First Trust Natural Gas ETF 7.5 60 -31 18.4 +8.7
FYT First Trust Small Cap Value AlphaDEX Fund 7.4 73 -44 11.7 +2.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 7.1 39 -10 9.8 +0.1
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 6.7 59 -30 6.5 -3.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 6.5 47 -18 9.1 -0.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 6.3 35 -6 9.3 -0.4
CCNR ALPS CoreCommodity Natural Resources ETF 6.0 39 -10 9.1 -0.6
ZIG Acquirers Fund 5.9 84 -55 20.3 +10.6
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 5.2 59 -30 9.9 +0.2
TCV Towle Value ETF 5.1 85 -56 11.5 +1.8
SQLV Royce Quant Small-Cap Quality Value ETF 4.7 60 -31 9.4 -0.3
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 4.4 38 -9 10.0 +0.3
BESF Bastion Energy ETF 4.3 80 -51 5.8 -3.9
CDIG City Different Investments Global Equity ETF 4.2 75 -46 0.0 -9.7
XSHQ Invesco S&P SmallCap Quality ETF 4.2 29 0 7.7 -2.0
XME State Street SPDR S&P Metals & Mining ETF 4.2 35 -6 6.9 -2.8
LNGX Global X U.S. Natural Gas ETF 4.1 45 -16 13.0 +3.3
SURE AdvisorShares Insiders Advantage ETF 4.1 90 -61 9.7 -0.0
DEEP Roundhill Acquirers Deep Value ETF 4.1 80 -51 18.4 +8.7
EES WisdomTree U.S. SmallCap Fund 3.9 38 -9 8.7 -1.0
FYX First Trust Small Cap Core AlphaDEX Fund 3.8 61 -32 5.7 -4.0
ROKT State Street SPDR S&P Kensho Final Frontiers ETF 3.7 45 -16 1.9 -7.8
IEO iShares U.S. Oil & Gas Exploration & Production ETF 3.6 40 -11 13.5 +3.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 3.5 15 14 7.7 -2.0
MGMT Ballast Small/Mid Cap ETF 3.5 110 -81 8.6 -1.1
BOAT SonicShares Global Shipping ETF 3.5 69 -40 26.0 +16.3
IJS iShares S&P Small-Cap 600 Value ETF 3.5 18 11 9.7 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.5 29 0 8.2 -1.4
IJR iShares Core S&P Small Cap ETF 3.4 6 23 7.6 -2.1
IJT iShares S&P Small-Cap 600 Growth ETF 3.4 18 11 5.5 -4.2
SVAL iShares US Small Cap Value Factor ETF 3.3 20 9 8.9 -0.8
FENY Fidelity MSCI Energy Index ETF 3.2 8 21 9.2 -0.5
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 3.2 15 14 5.5 -4.2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 3.2 3 26 7.6 -2.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 3.1 15 14 9.8 +0.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.1 10 19 5.6 -4.1
VIOO Vanguard S&P Small-Cap 600 ETF 3.1 7 22 7.6 -2.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 3.1 10 19 9.7 +0.0
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 3.1 59 -30 4.7 -5.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 3.1 35 -6 9.7 +0.1
VDE Vanguard Energy ETF 3.1 9 20 9.1 -0.6
RNSC Furst Trust Small Cap US Equity Select ETF 3.0 60 -31 5.1 -4.6
TPSC Timothy Plan US Small Cap Core ETF 3.0 52 -23 7.0 -2.7
DES WisdomTree U.S. SmallCap Dividend Fund 2.9 38 -9 9.3 -0.4
FMKT The Free Markets ETF 2.9 76 -47 3.6 -6.1
FTXN First Trust Nasdaq Oil & Gas ETF 2.9 60 -31 12.3 +2.6
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 2.9 12 17 8.1 -1.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 2.9 35 -6 7.6 -2.1
SYLD Cambria Shareholder Yield ETF 2.8 59 -30 12.5 +2.9
AVSC Avantis U.S Small Cap Equity ETF 2.8 25 4 5.2 -4.5
TMFS Motley Fool Small-Cap Growth ETF 2.8 85 -56 3.1 -6.6
DSMC Distillate Small/Mid Cash Flow ETF 2.7 55 -26 12.7 +3.1
VRAI Virtus Real Asset Income ETF 2.6 55 -26 10.7 +1.0
EIPX FT Energy Income Partners Strategy ETF 2.6 95 -66 8.2 -1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.6 35 -6 3.7 -6.0
PSC Principal U.S. Small-Cap ETF 2.6 38 -9 6.9 -2.8
USAI Pacer American Energy Independence ETF 2.5 75 -46 4.9 -4.8
FNDA Schwab Fundamental US Small Co. Index ETF 2.5 25 4 8.8 -0.9
FESM Fidelity Enhanced Small Cap ETF 2.5 28 1 6.8 -2.9
ROSC Hartford Multifactor Small Cap ETF 2.5 34 -5 9.0 -0.7
IWN iShares Russell 2000 Value ETF 2.5 24 5 7.6 -2.1
VTWV Vanguard Russell 2000 Value ETF 2.4 10 19 7.7 -2.0
DFSV Dimensional US Small Cap Value ETF 2.4 31 -2 10.3 +0.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 2.3 9 20 4.0 -5.7
DFAT Dimensional U.S. Targeted Value ETF 2.3 28 1 9.9 +0.2
HAPS Harbor Human Capital Factor US Small Cap ETF 2.3 60 -31 3.8 -5.9
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 2.3 55 -26 4.2 -5.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.3 25 4 7.8 -1.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.3 36 -7 10.7 +1.0
FSGS First Trust SMID Growth Strength ETF 2.2 60 -31 5.2 -4.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.2 39 -10 4.2 -5.4
CVY Invesco Zacks Multi-Asset Income ETF 2.2 106 -77 11.8 +2.1
ALIL Argent Focused Small Cap ETF 2.2 74 -45 6.6 -3.0
ISMD Inspire Small/Mid Cap ETF 2.1 54 -25 5.5 -4.2
NIXT Research Affiliates Deletions ETF 2.1 9 20 8.2 -1.5
DGLO First Trust RBA Deglobalization ETF 2.1 70 -41 6.8 -2.9
XJR iShares ESG Screened S&P Small-Cap ETF 2.0 12 17 7.5 -2.2
VAMO Cambria Value & Momentum ETF 2.0 61 -32 6.4 -3.3
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.0 60 -31 7.9 -1.8
ACES ALPS Clean Energy ETF 2.0 55 -26 -2.6 -12.3
BKSE BNY Mellon US Small Cap Core Equity ETF 1.9 4 25 5.8 -3.9
VFVA Vanguard U.S. Value Factor ETF 1.9 13 16 10.7 +1.0
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.9 43 -14 6.1 -3.6
CALF Pacer US Small Cap Cash Cows 100 ETF 1.9 59 -30 10.5 +0.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.8 30 -1 17.3 +7.6
ECML Euclidean Fundamental Value ETF 1.7 95 -66 10.5 +0.8
RSSL Global X Russell 2000 ETF 1.7 8 21 4.1 -5.6
IWM iShares Russell 2000 ETF 1.7 19 10 4.1 -5.5
EINC VanEck Energy Income ETF 1.7 48 -19 5.8 -3.9
VTWO Vanguard Russell 2000 ETF 1.7 7 22 4.2 -5.5
FAB First Trust Multi Cap Value AlphaDEX Fund 1.7 67 -38 9.9 +0.2
MLPX Global X MLP & Energy Infrastructure ETF 1.7 45 -16 6.0 -3.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 1.6 40 -11 4.7 -5.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.6 20 9 5.5 -4.2
FITE State Street SPDR S&P Kensho Future Security ETF 1.6 45 -16 1.6 -8.1
SMCF Themes US Small Cap Cash Flow Champions ETF 1.5 29 0 11.7 +2.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.5 65 -36 2.0 -7.7
CRAK VanEck Oil Refiners ETF 1.4 61 -32 11.6 +2.0
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 14 6.9 -2.8
NVIR Horizon Kinetics Energy and Remediation ETF 1.4 85 -56 6.7 -3.0
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 23 9.2 -0.5
COWS Amplify Cash Flow Dividend Leaders ETF 1.4 0 29 12.3 +2.6
AIRL Themes Airlines ETF 1.4 35 -6 3.2 -6.5
DFAS Dimensional U.S. Small Cap ETF 1.3 26 3 6.6 -3.1
RNIN Bushido Capital US SMID Cap Equity ETF 1.3 70 -41 12.6 +2.9
SIXL ETC 6 Meridian Low Beta Equity ETF 1.3 80 -51 6.2 -3.5
TPYP Tortoise North American Pipeline Fund 1.3 40 -11 5.9 -3.7
IGE iShares North American Natural Resources ETF 1.3 41 -12 7.4 -2.3
COPY Tweedy, Browne Insider + Value ETF 1.3 80 -51 11.7 +2.0
STXK Strive Small-Cap ETF 1.2 18 11 6.0 -3.7
SCHA Schwab U.S. Small-Cap ETF 1.2 4 25 6.2 -3.5
DRLL Strive U.S. Energy ETF 1.2 41 -12 10.4 +0.7
VFMF Vanguard U.S. Multifactor ETF 1.2 18 11 7.7 -2.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.1 60 -31 7.1 -2.6
EIPI FT Energy Income Partners Enhanced Income ETF 1.1 110 -81 7.1 -2.6
CGV Conductor Global Equity Value ETF 1.1 130 -101 7.8 -1.9
AVIE Avantis  Inflation Focused Equity ETF 1.1 25 4 7.0 -2.7
JPSV JPMorgan Active Small Cap Value ETF 1.1 74 -45 8.4 -1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 1.1 30 -1 8.2 -1.5
PBW Invesco WilderHill Clean Energy ETF 1.1 66 -37 -3.2 -12.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.1 35 -6 7.0 -2.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.0 24 5 7.5 -2.2
IWO iShares Russell 2000 Growth ETF 1.0 24 5 0.8 -8.9
VTWG Vanguard Russell 2000 Growth ETF 1.0 10 19 1.0 -8.7
OSCV Opus Small Cap Value ETF 1.0 79 -50 7.2 -2.5
FFOX FundX Future Fund Opportunities ETF 1.0 100 -71 4.0 -5.6
EBI Longview Advantage ETF 0.9 35 -6 6.6 -3.1
NANR SPDR S&P North American Natural Resources ETF 0.9 35 -6 7.9 -1.8
FDG American Century Focused Dynamic Growth ETF 0.9 45 -16 2.1 -7.6
RNMC First Trust Mid Cap US Equity Select ETF 0.9 60 -31 7.0 -2.7
EZM WisdomTree U.S. MidCap Fund 0.9 38 -9 8.6 -1.0
PBD Invesco Global Clean Energy ETF 0.9 75 -46 0.9 -8.8
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.8 55 -26 10.1 +0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 -23 6.3 -3.4
ISCB iShares Morningstar Small-Cap ETF 0.8 4 25 6.2 -3.5
AKAF The Frontier Economic Fund 0.8 20 9 6.4 -3.3
WTV WisdomTree US Value Fund of Benef Interest 0.8 12 17 8.9 -0.7
TXS Texas Capital Texas Equity Index ETF 0.8 49 -20 6.0 -3.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.7 15 14 6.0 -3.7
NUSC Nuveen ESG Small-Cap ETF 0.7 31 -2 5.2 -4.5
BFOR ALPS Barron's 400 ETF 0.7 65 -36 5.9 -3.7
ICLN iShares Global Clean Energy ETF 0.7 41 -12 3.2 -6.5
VFQY Vanguard U.S. Quality Factor ETF 0.7 13 16 6.1 -3.5
AFSM First Trust Active Factor Small Cap ETF 0.7 75 -46 7.4 -2.3
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -41 10.8 +1.1
XSMO Invesco S&P SmallCap Momentum ETF 0.7 39 -10 4.4 -5.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.7 39 -10 5.7 -4.0
GVLU Gotham 1000 Value ETF 0.7 50 -21 8.8 -0.9
WCEO Hypatia Women CEO ETF 0.7 85 -56 3.1 -6.6
DXUV Dimensional US Vector Equity ETF 0.6 28 1 6.1 -3.6
IWC iShares Micro-Cap ETF 0.6 60 -31 -1.6 -11.3
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.6 20 9 6.1 -3.6
VUSE Vident U.S. Equity Strategy ETF 0.6 50 -21 4.3 -5.4
VXF Vanguard Extended Market ETF 0.6 5 24 4.7 -5.0
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 -13 6.7 -3.0
TEXN iShares Texas Equity ETF 0.6 20 9 6.2 -3.5
IQM Franklin Intelligent Machines ETF 0.5 50 -21 2.1 -7.6
VBK Vanguard Small-Cap Growth ETF 0.5 7 22 1.8 -7.9
VB Vanguard Small-Cap ETF 0.5 5 24 6.1 -3.6
VBR Vanguard Small Cap Value ETF 0.5 7 22 9.1 -0.6
EMLP First Trust North American Energy Infrastructure Fund 0.5 95 -66 5.8 -3.9
WDNA WisdomTree BioRevolution Fund 0.5 45 -16 -2.2 -11.9
LST Leuthold Select Industries ETF 0.5 91 -62 5.3 -4.4
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -36 5.5 -4.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -31 6.9 -2.8
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.5 20 9 2.9 -6.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -66 0.2 -9.5
CVAR Cultivar ETF 0.4 87 -58 6.9 -2.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -41 2.2 -7.5
TTAC FCF US Quality ETF 0.4 59 -30 6.0 -3.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 4 5.5 -4.2
AVUS Avantis U.S. Equity ETF 0.4 15 14 5.7 -4.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.4 69 -40 2.2 -7.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 12 5.9 -3.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 22 5.8 -3.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.3 60 -31 -0.9 -10.6
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 16 3.1 -6.6
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 -9 9.1 -0.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 4 7.3 -2.4
DEW WisdomTree Global High Dividend Fund 0.3 58 -29 8.2 -1.5
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -31 0.4 -9.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.3 12 17 7.4 -2.3
SXQG ETC 6 Meridian Quality Growth ETF 0.3 100 -71 4.9 -4.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 2 7.2 -2.5
FPWR First Trust EIP Power Solutions ETF 0.2 96 -67 4.1 -5.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 23 2.9 -6.8
DFUV Dimensional US Marketwide Value ETF 0.2 22 7 7.4 -2.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 12 5.5 -4.2
AVUQ Avantis U.S. Quality ETF 0.2 15 14 4.4 -5.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 17 7.4 -2.3
IUS Invesco RAFI Strategic US ETF 0.2 19 10 6.7 -3.0
SFYX SoFi Next 500 ETF 0.2 0 29 6.0 -3.7
PKW Invesco Buyback Achievers ETF 0.2 62 -33 8.1 -1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 0 6.4 -3.3
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -33 3.4 -6.3
DCOR Dimensional US Core Equity 1 ETF 0.2 14 15 5.4 -4.3
DTD WisdomTree U.S. Total Dividend Fund 0.2 28 1 6.3 -3.4
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -23 3.7 -6.0
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -61 4.2 -5.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 4 7.2 -2.5
OPTZ Optimize Strategy Index ETF 0.1 50 -21 4.7 -5.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -35 1.2 -8.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -10 6.7 -3.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 17 5.0 -4.7
VYM Vanguard High Dividend Yield Index ETF 0.1 6 23 7.0 -2.7
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 11 5.3 -4.4
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 14 7.8 -1.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 -1 7.0 -2.7
FPX First Trust US Equity Opportunities ETF 0.1 61 -32 1.0 -8.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 26 4.8 -4.9
DFUS Dimensional U.S. Equity ETF 0.1 9 20 4.8 -4.9
SCHB Schwab U.S. Broad Market ETF 0.1 3 26 5.0 -4.7
IWV iShares Russell 3000 ETF 0.1 20 9 4.7 -5.0
VTHR Vanguard Russell 3000 ETF 0.1 7 22 4.8 -4.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 26 5.1 -4.6
VTI Vanguard Total Stock Market ETF 0.1 3 26 4.8 -4.9
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -96 6.8 -2.9
HDV iShares Core High Dividend ETF 0.1 8 21 7.0 -2.6
DIVB iShares Core Dividend ETF 0.0 5 24 8.3 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 20 5.6 -4.1
VT Vanguard Total World Stock ETF 0.0 6 23 5.7 -4.0
DHS WisdomTree U.S. High Dividend Fund 0.0 38 -9 8.1 -1.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 17 4.0 -5.7
AFMC First Trust Active Factor Mid Cap ETF 0.0 65 -36 8.3 -1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 18 4.9 -4.8
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 9 8.9 -0.8
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 1 5.5 -4.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 8 3.7 -6.0
RAUS RACWI US ETF 0.0 15 14 4.7 -5.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 11 6.9 -2.8

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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Dividends per share info ** ** ** ** ** ** **
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Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

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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:		 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 12.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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