ETF Research Center

Rayliant Quantitative Developed Market Equity ETF

ALTAR
Score™

3.6%

Recommen-
dation

AVOID

2025E 2026E
P/E ratio	27.0x	P/Sales ratio	3.0x
P/BV ratio	6.9x	Div. yield	1.0%

Description
Performance
Comps
Fundamentals
Valuation
Rating

RAYD is an actively managed portfolio of developed market equities that are selected and weighted with the aid of quantitative data models.

FUND BASICS
Category	International Equities
Fund Sponsor	Rayliant Investment Research
Website	funds.rayliant.com/rayd.html
Inception date	Dec 16, 2021
Assets (mns)	$99
Currency	USD
Expense ratio	80 bp
Distributions	Annually

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

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	114
Wgt avg mkt cap (mns)	$1,238,250
Large cap (>$10bn)	89.2%
Mid cap ($2-10bn)	9.6%
Small cap (<$2bn)	0.8%
Developed mkts	98.2%
Emerging mkts	1.8%

TOP TEN HOLDINGS
Total	43.7 %
APPLE INC	9.1 %
NVIDIA CORP	7.0 %
MICRON TECHNOLOGY INC	4.6 %
ALPHABET INC. CLASS A	4.2 %
ALPHABET INC. CLASS C	3.9 %
LAM RESEARCH CORP	3.9 %
WESTERN DIGITAL CORP	3.4 %
MICROSOFT CORP	2.7 %
MASTERCARD INCORPORATED CLASS A	2.5 %
AMAZON.COM INC	2.4 %

TOP COUNTRY EXPOSURE
	UNITED STATES	102.0 %
	SWITZERLAND	0.7 %
	IRELAND	0.7 %
	BERMUDA	0.2 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
5.0%	5.0%	--	--	8.3%

Market Correlations
versus...	Beta	R-squared
S&P500	0.92	15%
MSCI EAFE	0.67	7%
MSCI Emg. Mkts.	0.61	10%

Technical Indicators
Recent close	$37.49
30d moving avg.	$37.48
Annualized volatility	11.3%
Short interest (ETF)	0.1%
Relative strength (RSI)	34

Liquidity measures
Avg. volume (thou.)	0
Turnover	0.0%
Bid/Ask (% of price)	8.60%
ADV underlying (mns)	$72,299

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 1054 potential alternatives to the Rayliant Quantitative Developed Market Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RAYD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

RAYD

Expense:

80 bp

ALTAR Score™:

3.6%

ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYD
Ticker	Fund Name	Overlap¹ vs RAYD (%)	Expense ratio (bp)	Savings vs RAYD (bp)	ALTAR Score™ (%)	ALTAR vs RAYD (%)
QLC	FlexShares US Quality Large Cap Index Fund	52.2	25	55	4.4	+0.8
GQI	Natixis Gateway Quality Income ETF	51.7	34	46	4.6	+1.0
GQQQ	Astoria US Quality Growth Kings ETF	51.4	35	45	3.3	-0.2
FELC	Fidelity Enhanced Large Cap Core ETF	50.0	18	62	4.2	+0.7
DYNF	BlackRock U.S. Equity Factor Rotation ETF	49.4	30	50	3.7	+0.1
LRGF	iShares U.S. Equity Factor ETF	49.4	8	72	4.5	+0.9
SPXN	ProShares S&P 500 Ex-Financials ETF	49.3	9	71	4.0	+0.4
LGDX	Intech S&P Large Cap Diversified Alpha ETF	48.3	25	55	4.1	+0.5
MGC	Vanguard Mega Cap ETF	48.1	7	73	3.9	+0.3
FELG	Fidelity Enhanced Large Cap Growth ETF	48.0	18	62	3.4	-0.2
OEF	iShares S&P 100 ETF	48.0	20	60	3.8	+0.2
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	47.7	9	71	4.3	+0.7
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	47.4	7	73	4.0	+0.5
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	47.3	10	70	4.2	+0.6
SFTY	Horizon Managed Risk ETF	47.2	77	3	3.4	-0.2
FLQL	Franklin LibertyQ U.S. Equity ETF	47.2	15	65	4.6	+1.0
IWL	iShares Russell Top 200 ETF	47.1	15	65	3.8	+0.3
STOX	Horizon Core Equity ETF	47.1	70	10	3.5	-0.1
QQMG	Invesco ESG NASDAQ 100 ETF	47.0	20	60	3.2	-0.4
MMTM	State Street SPDR S&P 1500 Momentum Tilt ETF	46.9	12	68	3.9	+0.3
PBUS	Invesco MSCI USA ETF	46.9	4	76	4.1	+0.6
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	46.9	19	61	4.9	+1.4
VOTE	TCW Transform 500 ETF	46.8	5	75	4.1	+0.5
BKLC	BNY Mellon US Large Cap Core Equity ETF	46.7	0	80	12.3	+8.7
BBUS	JP Morgan Betabuilders U.S. Equity ETF	46.6	2	78	4.1	+0.6
SPXE	ProShares S&P 500 Ex-Energy ETF	46.6	9	71	4.0	+0.4
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	46.5	20	60	4.1	+0.6
USCA	Xtrackers MSCI USA Climate Action Equity ETF	46.5	7	73	4.3	+0.7
AVUQ	Avantis U.S. Quality ETF	46.5	15	65	3.7	+0.1
SGLC	SGI U.S. Large Cap Core ETF	46.4	85	-5	3.5	-0.0
KLMN	Invesco MSCI North America Climate ETF	46.3	9	71	4.2	+0.7
VV	Vanguard Large-Cap ETF	46.2	4	76	4.1	+0.5
VOOG	Vanguard S&P 500 Growth ETF	46.2	7	73	18.7	+15.1
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	46.0	4	76	3.1	-0.5
IVW	iShares S&P 500 Growth ETF	46.0	18	62	3.0	-0.6
VOO	Vanguard S&P 500 ETF	45.9	3	77	4.2	+0.6
SPYM	State Street SPDR Portfolio S&P 500 ETF	45.7	2	78	4.2	+0.6
SPY	SPDR S&P 500 ETF	45.6	9	71	4.1	+0.5
QQQ	Invesco QQQ Trust Series I	45.6	20	60	3.3	-0.3
QQQM	Invesco NASDAQ 100 ETF	45.6	15	65	3.3	-0.3
GXLC	Global X U.S. 500 ETF	45.5	2	78	4.0	+0.5
IVV	iShares Core S&P 500 ETF	45.5	3	77	4.2	+0.6
AFLG	First Trust Active Factor Large Cap ETF	45.5	55	25	4.9	+1.4
FLRG	Fidelity U.S. Multifactor ETF	45.5	15	65	5.8	+2.2
STXG	Strive 1000 Growth ETF	45.3	18	62	3.2	-0.3
SPXV	ProShares S&P 500 Ex-Health Care ETF	45.3	9	71	3.9	+0.3
SPYX	State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	45.3	20	60	3.9	+0.4
USCL	iShares Climate Conscious & Transition MSCI USA ETF	45.2	8	72	4.3	+0.8
IWY	iShares Russell Top 200 Growth ETF	45.2	20	60	3.8	+0.2
IUSG	iShares Core S&P U.S. Growth ETF	45.2	4	76	3.1	-0.4
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	45.1	75	5	3.2	-0.4
ENHU	iShares Enhanced Large Cap Core Active ETF	45.0	22	58	4.1	+0.5
ILCB	iShares Morningstar U.S. Equity ETF	45.0	3	77	4.1	+0.5
OEI	Optimized Equity Income ETF	44.8	75	5	3.5	-0.0
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	44.8	11	69	4.1	+0.5
XVV	iShares ESG Screened S&P 500 ETF	44.7	8	72	4.1	+0.5
EPS	WisdomTree U.S. LargeCap Fund	44.7	8	72	4.6	+1.1
ESGU	iShares ESG Aware MSCI USA ETF	44.7	15	65	4.1	+0.5
INRO	iShares U.S. Industry Rotation Active ETF	44.7	42	38	3.5	-0.1
QDF	FlexShares Quality Dividend Index Fund	44.6	37	43	5.2	+1.7
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	44.6	14	66	4.1	+0.5
VONG	Vanguard Russell 1000 Growth ETF	44.5	7	73	3.8	+0.2
IWF	iShares Russell 1000 Growth ETF	44.4	19	61	15.2	+11.6
MODL	VictoryShares WestEnd U.S. Sector ETF	44.3	42	38	3.9	+0.4
QTOP	iShares Nasdaq Top 30 Stocks ETF	44.3	20	60	2.9	-0.7
FVAL	Fidelity Value Factor ETF	44.2	15	65	5.7	+2.2
HLAL	Wahed FTSE USA Shariah ETF	44.2	50	30	3.6	-0.0
TOV	JLens 500 Jewish Advocacy U.S. ETF	44.1	18	62	3.9	+0.3
ONEQ	Fidelity Nasdaq Composite Index ETF	44.1	21	59	2.9	-0.7
GGUS	Marketbeta Russell 1000 Growth Equity ETF	44.1	12	68	3.6	+0.1
QVML	Invesco S&P 500 QVM Multi-factor ETF	43.9	11	69	4.2	+0.7
CATH	Global X S&P 500 Catholic Values Custom ETF	43.9	29	51	4.0	+0.4
VUG	Vanguard Growth ETF	43.9	4	76	21.0	+17.4
VSLU	Applied Finance Valuation Large Cap ETF	43.8	49	31	4.8	+1.3
RAUS	RACWI US ETF	43.7	15	65	4.1	+0.5
IYY	iShares Dow Jones U.S. ETF	43.6	20	60	4.0	+0.4
JGRO	JPMorgan Active Growth ETF	43.6	44	36	2.6	-1.0
SPTM	State Street SPDR Portfolio S&P 1500 Composite Stock Market	43.5	3	77	4.3	+0.7
VONE	Vanguard Russell 1000 ETF	43.5	7	73	4.2	+0.6
DFUS	Dimensional U.S. Equity ETF	43.5	9	71	4.0	+0.5
FQAL	Fidelity Quality Factor ETF	43.4	15	65	4.8	+1.2
IWB	iShares Russell 1000 ETF	43.2	15	65	4.1	+0.5
ESGV	Vanguard ESG U.S. Stock ETF	43.2	9	71	4.1	+0.5
ILCG	iShares Morningstar Growth ETF	43.2	4	76	3.2	-0.4
ADME	Aptus Drawdown Managed Equity ETF	43.2	79	1	3.4	-0.2
APUE	ActivePassive U.S. Equity ETF	43.1	45	35	3.9	+0.3
MGK	Vanguard Mega Cap Growth ETF	43.1	7	73	17.6	+14.0
AVSU	Avantis Responsible U.S. Equity ETF	43.1	15	65	4.8	+1.2
CHRI	Global X S&P 500 Christian Values ETF	43.0	29	51	3.9	+0.3
IGM	iShares Expanded Tech Sector ETF	43.0	41	39	2.7	-0.9
VTI	Vanguard Total Stock Market ETF	43.0	3	77	4.1	+0.5
PRXG	Praxis Impact Large Cap Growth ETF	42.9	36	44	3.2	-0.4
SCHX	Schwab U.S. Large-Cap ETF	42.8	3	77	4.2	+0.6
GSPY	Gotham Enhanced 500 ETF	42.7	50	30	4.3	+0.7
SFY	SoFi Select 500 ETF	42.7	0	80	3.7	+0.1
XLG	Invesco S&P 500 Top 50 ETF	42.7	20	60	3.7	+0.1
THRO	iShares U.S. Thematic Rotation Active ETF	42.6	90	-10	3.1	-0.5
SCHG	Schwab U.S. Large-Cap Growth ETF	42.6	4	76	3.3	-0.2
HDUS	Hartford Disciplined US Equity ETF	42.5	19	61	4.7	+1.1
FDMO	Fidelity Momentum Factor ETF	42.5	15	65	2.5	-1.1
AQEC	AQE Core ETF	42.5	49	31	5.1	+1.5
SNPG	Xtrackers S&P 500 Growth ESG ETF	42.5	15	65	4.0	+0.4
ITOT	iShares Core S&P Total U.S. Stock Market ETF	42.4	3	77	4.1	+0.5
VTHR	Vanguard Russell 3000 ETF	42.3	7	73	4.1	+0.5
DFAU	Dimensional US Core Equity Market ETF	42.3	12	68	4.2	+0.7
IWV	iShares Russell 3000 ETF	42.2	20	60	4.0	+0.4
SCHK	Schwab 1000 Index ETF	42.1	5	75	4.2	+0.6
DUHP	Dimensional US High Profitability ETF	42.0	21	59	5.2	+1.7
TOPT	iShares Top 20 U.S. Stocks ETF	42.0	20	60	3.3	-0.3
EGUS	iShares ESG Aware MSCI USA Growth ETF	42.0	18	62	3.1	-0.5
RVRB	Reverb ETF	41.9	30	50	3.7	+0.1
QDEF	FlexShares Quality Dividend Defensive Index Fund	41.8	37	43	5.3	+1.7
AVUS	Avantis U.S. Equity ETF	41.7	15	65	4.6	+1.1
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	41.2	45	35	3.6	+0.0
SPMO	Invesco S&P 500 Momentum ETF	41.2	13	67	3.0	-0.6
SCHB	Schwab U.S. Broad Market ETF	41.1	3	77	4.2	+0.6
CVLC	Calvert US Large-Cap Core Responsible Index ETF	41.1	15	65	4.2	+0.6
RECS	Columbia Research Enhanced Core ETF	40.9	15	65	5.2	+1.6
OALC	OneAscent Large Cap Core ETF	40.7	86	-6	3.3	-0.3
FBCG	Fidelity Blue Chip Growth ETF	40.6	59	21	2.3	-1.3
QUAL	iShares MSCI USA Quality Factor ETF	40.5	15	65	4.4	+0.8
FSST	Fidelity Sustainable U.S. Equity ETF	40.4	59	21	3.6	+0.1
FCPI	Fidelity Stocks for Inflation ETF	40.3	15	65	5.7	+2.1
IYW	iShares U.S. Technology ETF	40.3	40	40	2.9	-0.6
USMC	Principal U.S. Mega-Cap ETF	40.2	12	68	3.5	-0.1
IQSU	IQ Candriam U.S. Large Cap Equity ETF	40.2	9	71	4.2	+0.6
GLBL	Pacer MSCI World Industry Advantage ETF	39.8	65	15	3.4	-0.2
IUS	Invesco RAFI Strategic US ETF	39.7	19	61	5.3	+1.7
QGRW	WisdomTree U.S. Quality Growth Fund	39.3	28	52	2.9	-0.7
DSPY	Tema S&P 500 Historical Weight ETF	39.2	18	62	4.3	+0.7
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	39.2	25	55	5.5	+1.9
SUSA	iShares MSCI USA ESG Select ETF	39.1	25	55	3.9	+0.4
QGRO	American Century U.S. Quality Growth ETF	39.1	29	51	4.0	+0.4
DFSU	Dimensional US Sustainability Core 1 ETF	39.0	18	62	4.6	+1.0
TMFC	Motley Fool 100 Index ETF	38.9	50	30	3.0	-0.6
JHML	John Hancock Multifactor Large Cap ETF	38.8	29	51	4.4	+0.9
IOO	iShares Global 100 ETF	38.8	41	39	3.8	+0.2
HAPI	Harbor Human Capital Factor US Large Cap ETF	38.8	36	44	4.0	+0.5
SNPE	Xtrackers S&P 500 ESG ETF	38.7	10	70	4.3	+0.7
LCOW	Pacer S&P 500 Quality FCF Aristocrats ETF	38.6	49	31	5.0	+1.4
DCOR	Dimensional US Core Equity 1 ETF	38.6	14	66	4.5	+0.9
TOPC	iShares S&P 500 3% Capped ETF	38.5	15	65	4.3	+0.7
FFLC	Fidelity Fundamental Large Cap Core ETF	38.5	38	42	3.8	+0.2
QUS	State Street SPDR MSCI USA StrategicFactors ETF	38.5	15	65	4.9	+1.3
KOKU	Xtrackers MSCI Kokusai Equity ETF	38.2	9	71	4.3	+0.7
ROE	Astoria US Quality Kings ETF	38.0	49	31	5.2	+1.6
TOK	iShares MSCI Kokusai ETF	37.8	26	54	4.2	+0.6
VUSE	Vident U.S. Equity Strategy ETF	37.7	50	30	3.7	+0.1
IETC	iShares U.S. Tech Independence Focused ETF	37.4	18	62	3.1	-0.5
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	37.4	15	65	7.4	+3.8
QLV	FlexShares US Quality Low Volatility Index Fund	37.3	22	58	4.9	+1.3
GLOF	iShares Global Equity Factor ETF	37.2	20	60	5.4	+1.8
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	37.1	15	65	3.0	-0.6
LOWV	AB US Low Volatility Equity ETF	37.1	48	32	4.3	+0.7
TIME	Clockwise Core Equity & Innovation ETF	37.1	95	-15	2.1	-1.5
JQUA	JPMorgan U.S. Quality Factor ETF	36.9	12	68	4.8	+1.3
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	36.7	25	55	4.8	+1.2
LRND	IQ U.S. Large Cap R&D Leaders ETF	36.6	14	66	3.9	+0.4
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	36.3	32	48	3.8	+0.2
URTH	iShares MSCI World ETF	36.1	24	56	4.2	+0.7
NANC	Unusual Whales Subversive Democratic Trading ETF	36.0	75	5	2.8	-0.7
PWB	Invesco Large Cap Growth ETF	36.0	56	24	2.1	-1.5
XLK	Technology Select Sector SPDR	35.9	8	72	3.3	-0.3
DFAC	Dimensional U.S. Core Equity 2 ETF	35.8	17	63	4.6	+1.0
FDWM	Fidelity Women's Leadership ETF	35.8	59	21	4.0	+0.4
TMFE	Motley Fool Capital Efficiency 100 Index ETF	35.8	50	30	3.5	-0.1
ABFL	Abacus FCF Leaders ETF	35.6	59	21	4.0	+0.4
BGRO	iShares Large Cap Growth Active ETF	35.5	55	25	1.9	-1.7
JMOM	JPMorgan U.S. Momentum Factor ETF	35.3	12	68	3.3	-0.3
IWFG	IQ Winslow Focused Large Cap Growth ETF	35.0	65	15	2.2	-1.3
AGRW	Allspring LT Large Growth ETF	35.0	35	45	3.5	-0.1
CAML	Congress Large Cap Growth ETF	34.9	66	14	2.5	-1.1
RND	First Trust Bloomberg R&D Leaders ETF	34.7	60	20	2.5	-1.1
FTEC	Fidelity MSCI Information Technology Index ETF	34.7	8	72	3.0	-0.6
LGRO	Level Four Large Cap Growth Active ETF	34.6	55	25	3.5	-0.1
KLMT	Invesco MSCI Global Climate 500 ETF	34.5	10	70	4.8	+1.3
FFOG	Franklin Focused Growth ETF	34.3	61	19	1.7	-1.9
FDRR	Fidelity Dividend ETF for Rising Rates	33.9	15	65	5.5	+1.9
PABU	iShares Paris-Aligned Climate MSCI USA ETF	33.6	10	70	3.7	+0.1
NACP	Impact Shares NAACP Minority Empowerment ETF	33.6	49	31	3.6	+0.0
FDLO	Fidelity Low Volatility Factor ETF	33.6	15	65	4.8	+1.2
JPEF	JPMorgan Equity Focus ETF	33.5	50	30	3.8	+0.2
PRF	Invesco FTSE RAFI US 1000 ETF	33.4	34	46	5.4	+1.8
VGT	Vanguard Information Technology ETF	33.4	9	71	24.8	+21.2
SXQG	ETC 6 Meridian Quality Growth ETF	33.4	100	-20	3.0	-0.6
ILCV	iShares Morningstar Value ETF	33.3	4	76	5.1	+1.5
JHDV	John Hancock U.S. High Dividend ETF	33.2	34	46	5.8	+2.2
LCDS	JPMorgan Fundamental Data Science Large Core ETF	33.1	30	50	4.0	+0.4
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	33.1	10	70	4.1	+0.6
GXPT	Global X PureCap MSCI Information Technology ETF	33.1	25	55	3.2	-0.3
LVDS	JPMorgan Fundamental Data Science Large Value ETF	33.1	49	31	4.6	+1.1
VEGN	US Vegan Climate ETF	33.1	60	20	3.4	-0.2
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	33.0	12	68	4.4	+0.8
AQLT	iShares MSCI Global Quality Factor ETF	33.0	18	62	0.0	-3.6
USMF	WisdomTree U.S. Multifactor Fund	32.9	28	52	6.7	+3.1
SAWG	AAM Sawgrass US Large Cap Quality Growth ETF	32.8	49	31	3.8	+0.2
ACWI	iShares MSCI ACWI ETF	32.8	32	48	4.5	+1.0
CGGR	Capital Group Growth ETF	32.7	39	41	2.6	-1.0
RFFC	ALPS Active Equity Opportunity ETF	32.7	48	32	3.6	+0.0
DGRW	WisdomTree US Quality Dividend Growth Fund	32.6	28	52	4.9	+1.3
ACVF	American Conservative Values ETF	32.6	75	5	3.7	+0.1
SFYF	SoFi Social 50 ETF	32.6	29	51	0.8	-2.8
ROUS	Hartford Multifactor US Equity ETF	32.6	19	61	5.3	+1.8
EBI	Longview Advantage ETF	32.5	35	45	5.7	+2.1
IXN	iShares Global Tech ETF	32.3	41	39	2.6	-1.0
YOKE	Yoke Core ETF	32.2	42	38	3.8	+0.2
CRBN	iShares MSCI ACWI Low Carbon Target ETF	32.1	20	60	4.6	+1.1
WRND	IQ Global Equity R&D Leaders ETF	32.1	18	62	4.0	+0.4
LCF	Touchstone US Large Cap Focused ETF	31.9	69	11	3.5	-0.1
ABIG	Argent Large Cap ETF	31.9	49	31	4.3	+0.8
RWL	Invesco S&P 500 Revenue ETF	31.9	39	41	5.5	+1.9
SUSL	iShares ESG MSCI USA Leaders ETF	31.8	10	70	4.1	+0.6
BLCR	iShares Large Cap Core Active ETF	31.8	36	44	2.9	-0.7
USMV	iShares MSCI USA Min Vol Factor ETF	31.7	15	65	5.2	+1.7
DLN	WisdomTree U.S. LargeCap Dividend Fund	31.6	28	52	5.3	+1.7
GK	AdvisorShares Gerber Kawasaki ETF	31.6	75	5	1.5	-2.1
SPVU	Invesco S&P 500 Enhanced Value ETF	31.5	13	67	8.5	+4.9
XPND	First Trust Expanded Technology ETF	31.5	65	15	3.0	-0.6
VUSG	Vanguard Wellington U.S. Growth Active ETF	31.4	35	45	2.5	-1.0
LRGC	AB US Large Cap Strategic Equities ETF	31.3	48	32	3.8	+0.2
EGLE	Global X S&P 500 U.S. Revenue Leaders ETF	31.2	19	61	4.6	+1.0
EQWL	Invesco S&P 100 Equal Weight ETF	31.2	25	55	5.2	+1.6
EMOT	First Trust S&P 500 Economic Moat ETF	31.2	60	20	8.2	+4.7
DFVX	Dimensional US Large Cap Vector ETF	31.2	22	58	5.2	+1.6
AFOS	ARS Focused Opportunities Strategy ETF	31.1	45	35	1.9	-1.7
DAK	Dakota Active Equity ETF	31.1	43	37	3.7	+0.2
CRTC	Xtrackers US National Critical Technologies ETF	31.1	35	45	4.1	+0.5
JGLO	JPMorgan Global Select Equity ETF	31.1	33	47	4.2	+0.6
XNTK	State Street SPDR NYSE Technology ETF	30.9	35	45	2.5	-1.1
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	30.8	9	71	4.7	+1.2
CGUS	Capital Group Core Equity ETF	30.8	33	47	3.5	-0.0
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	30.2	18	62	5.0	+1.4
BBLU	EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF	30.1	15	65	4.1	+0.5
DTD	WisdomTree U.S. Total Dividend Fund	30.1	28	52	5.5	+2.0
NULC	Nuveen ESG Large-Cap ETF	30.1	21	59	3.9	+0.3
DSI	iShares MSCI KLD 400 Social ETF	29.9	25	55	4.1	+0.5
SPXT	ProShares S&P 500 Ex-Technology ETF	29.9	9	71	4.9	+1.3
EQL	Alps Equal Sector Weight ETF	29.9	25	55	5.0	+1.5
QBIG	Invesco Top QQQ ETF	29.8	29	51	0.0	-3.6
ESGG	FlexShares STOXX Global ESG Select Index Fund	29.8	42	38	3.9	+0.3
FNDX	Schwab Fundamental US Large Co. Index ETF	29.8	25	55	5.9	+2.4
AOTG	AOT Growth and Innovation ETF	29.8	75	5	1.2	-2.4
VT	Vanguard Total World Stock ETF	29.8	6	74	4.9	+1.3
QWLD	SPDR MSCI World StrategicFactors ETF	29.4	30	50	5.0	+1.5
SIXA	ETC 6 Meridian Mega Cap Equity ETF	29.4	80	0	5.4	+1.8
DXUV	Dimensional US Vector Equity ETF	29.2	28	52	5.0	+1.5
IVES	Wedbush ETFMG Global Cloud Technology ETF	29.2	68	12	3.5	-0.0
AVLV	Avantis U.S. Large Cap Value ETF	29.2	15	65	5.6	+2.1
GGRW	Gabelli Growth Innovators ETF	29.2	90	-10	2.1	-1.5
PSET	Principal Quality ETF	29.1	15	65	4.8	+1.3
SPHQ	Invesco S&P 500 Quality ETF	29.1	15	65	4.7	+1.1
VLU	State Street SPDR S&P 1500 Value Tilt ETF	28.9	12	68	6.0	+2.4
HGRO	Hedgeye Quality Growth ETF	28.9	70	10	3.5	-0.1
JGRW	Jensen Quality Growth ETF	28.7	57	23	4.1	+0.6
USXF	iShares ESG Advanced MSCI USA ETF	28.6	10	70	3.8	+0.2
PEXL	Pacer US Export Leaders ETF	28.5	60	20	3.1	-0.4
TRUT	VanEck Technology TruSector ETF	28.5	13	67	3.8	+0.2
DARP	Grizzle Growth ETF	28.4	75	5	1.7	-1.8
DEMZ	Democratic Large Cap Core ETF	28.4	45	35	3.8	+0.2
FNDB	Schwab Fundamental US Broad Market Index ETF	28.2	25	55	5.9	+2.4
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	28.0	15	65	7.5	+3.9
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	27.9	79	1	4.0	+0.4
MTUM	iShares MSCI USA Momentum Factor ETF	27.8	15	65	2.4	-1.1
BRIF	FIS Bright Portfolios Focused Equity ETF	27.8	65	15	3.3	-0.3
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	27.6	35	45	5.8	+2.2
PY	Principal Value ETF	27.6	15	65	6.8	+3.2
MFIG	Motley Fool Innovative Growth Factor ETF	27.6	50	30	2.7	-0.9
CGDV	Capital Group Dividend Value ETF	27.6	33	47	3.8	+0.2
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	27.5	29	51	5.5	+1.9
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	27.5	58	22	3.1	-0.5
MNZL	Manzil Russell Halal USA Broad MarketETF	27.5	40	40	3.8	+0.3
IWX	iShares Russell Top 200 Value ETF	27.5	20	60	4.7	+1.1
TECB	iShares U.S. Tech Breakthrough Multisector ETF	27.5	40	40	2.8	-0.8
SHE	State Street SPDR MSCI USA Gender Diversity ETF	27.2	20	60	4.2	+0.6
RDVY	First Trust Rising Dividend Achievers ETF	27.2	50	30	4.8	+1.3
FDVV	Fidelity High Dividend ETF	27.1	15	65	6.5	+2.9
RPG	Invesco S&P 500 Pure Growth ETF	27.1	35	45	2.7	-0.9
VOOV	Vanguard S&P 500 Value ETF	27.0	7	73	5.5	+2.0
XMAG	Defiance Large Cap ex-Mag 7 ETF	27.0	35	45	4.2	+0.6
SPYV	State Street SPDR Portfolio S&P 500 Value ETF	26.9	4	76	5.6	+2.0
FLAG	Global X S&P 500 U.S. Market Leaders Top 50 ETF	26.8	29	51	7.2	+3.6
FELV	Fidelity Enhanced Large Cap Value ETF	26.8	18	62	5.2	+1.6
YNOT	Horizon Digital Frontier ETF	26.7	75	5	2.6	-1.0
IVE	iShares S&P 500 Value ETF	26.7	18	62	5.4	+1.9
QLTY	GMO U.S. Quality ETF	26.6	50	30	3.8	+0.3
VIG	Vanguard Dividend Appreciation ETF	26.6	5	75	4.9	+1.3
AIEQ	AI Powered Equity ETF	26.5	75	5	3.7	+0.1
GFGF	Guru Favorite Stocks ETF Guru Favorite Stocks Fund	26.5	65	15	3.5	-0.0
PFM	Invesco Dividend Achievers ETF	26.5	53	27	4.6	+1.0
SEMG	Suncoast Select Growth ETF	26.4	60	20	3.8	+0.2
BAI	iShares AI Innovation and Tech Active ETF	26.1	55	25	1.0	-2.6
PDP	Invesco Dorsey Wright Momentum ETF	26.0	62	18	1.6	-1.9
NULG	Nuveen ESG Large-Cap Growth ETF	26.0	26	54	3.0	-0.6
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	25.9	48	32	5.5	+1.9
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	25.8	56	24	6.7	+3.1
IUSV	iShares Core S&P US Value ETF	25.7	4	76	5.7	+2.1
VONV	Vanguard Russell 1000 Value ETF	25.5	7	73	5.1	+1.6
FDTX	Fidelity Disruptive Technology ETF	25.4	50	30	1.6	-2.0
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	25.3	15	65	6.1	+2.5
RAFE	PIMCO RAFI ESG U.S. ETF	25.3	29	51	5.8	+2.2
WOMN	Impact Shares YWCA Women's Empowerment ETF	25.3	75	5	4.6	+1.1
IWD	iShares Russell 1000 Value ETF	25.2	19	61	5.0	+1.5
CGGO	Capital Group Global Growth Equity ETF	25.1	47	33	4.0	+0.4
TTAC	FCF US Quality ETF	25.0	59	21	5.9	+2.4
GRNY	Fundstrat Granny Shots US Large Cap ETF	24.9	75	5	2.1	-1.4
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	24.9	45	35	1.9	-1.7
AGIX	KraneShares Artificial Intelligence and Technology ETF	24.8	99	-19	1.1	-2.5
AIQ	Global X Artificial Intelligence & Technology ETF	24.7	68	12	2.7	-0.9
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF	24.7	49	31	3.0	-0.6
PNQI	Invesco NASDAQ Internet ETF	24.7	60	20	3.6	+0.1
JOET	Virtus Terranova US Quality Momentum ETF	24.7	29	51	3.8	+0.3
QUVU	Hartford Quality Value ETF	24.6	46	34	5.4	+1.8
JVAL	JPMorgan U.S. Value Factor ETF	24.4	12	68	6.5	+2.9
VERS	ProShares Metaverse ETF	24.4	58	22	0.4	-3.2
LCLG	Logan Capital Broad Innovative Growth ETF	24.4	99	-19	3.0	-0.5
LRGE	ClearBridge Large Cap Growth ESG ETF	24.3	59	21	2.7	-0.9
GINN	Goldman Sachs Innovate Equity ETF	24.3	52	28	3.6	+0.0
QTEC	First Trust NASDAQ-100 Technology Sector Index Fund	24.2	57	23	2.4	-1.1
RSPT	Invesco S&P 500 Equal Weight Technology ETF	24.2	40	40	3.7	+0.1
XLSR	State Street US Sector Rotation ETF	24.2	70	10	4.3	+0.7
METV	Roundhill Ball Metaverse ETF	24.0	59	21	7.4	+3.9
XT	iShares Exponential Technologies ETF	24.0	46	34	3.9	+0.3
GVIP	Goldman Sachs Hedge Industry VIP ETF	24.0	45	35	2.4	-1.2
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	24.0	35	45	3.4	-0.2
DFNV	Donoghue Forlines Innovation ETF	23.9	69	11	3.9	+0.3
FFND	Future Fund Active ETF	23.8	100	-20	4.3	+0.7
USEW	Cambria US EW ETF	23.7	30	50	4.1	+0.5
CARZ	First Trust NASDAQ Global Auto Index Fund	23.5	70	10	2.4	-1.1
WUGI	AXS Esoterica NextG Economy ETF	23.5	75	5	1.6	-2.0
CHAT	Roundhill Generative AI & Technology ETF	23.5	75	5	4.3	+0.7
PCGG	Polen Capital Global Growth ETF	23.4	85	-5	3.9	+0.3
CTEF	Castellan Targeted Equity ETF	23.4	45	35	2.8	-0.8
USSE	Segall Bryant & Hamill Select Equity ETF	23.3	65	15	3.0	-0.6
GVUS	Marketbeta Russell 1000 Value Equity ETF	23.3	12	68	5.1	+1.5
STRN	SMART Trend 25 ETF	23.3	59	21	2.6	-1.0
SSPY	Syntax Stratified LargeCap ETF	23.2	30	50	5.9	+2.3
FCTE	SMI 3Fourteen Full-Cycle Trend ETF	23.2	85	-5	4.1	+0.6
PTF	Invesco Dorsey Wright Technology Momentum ETF	23.1	60	20	-1.1	-4.6
SWP	SWP Growth & Income ETF	23.1	99	-19	4.4	+0.8
VNSE	Natixis Vaughan Nelson Select ETF	23.0	80	0	3.4	-0.2
VFMV	Vanguard U.S. Minimum Volatility ETF	23.0	13	67	5.7	+2.1
ZECP	Zacks Earnings Consistent Portfolio ETF	23.0	55	25	4.1	+0.5
LOGO	Alpha Brands Consumption Leaders ETF	22.9	69	11	2.7	-0.9
IGPT	Invesco AI and Next Gen Software ETF	22.9	60	20	2.4	-1.2
FUNL	CornerCap Fundametrics Large-Cap ETF	22.9	50	30	6.4	+2.9
BUZZ	VanEck Social Sentiment ETF	22.8	75	5	-0.7	-4.2
ANEW	ProShares MSCI Transformational Changes ETF	22.7	45	35	4.1	+0.6
AIVC	Amplify Bloomberg AI Value Chain ETF	22.6	59	21	3.5	-0.1
FBCV	Fidelity Blue Chip Value ETF	22.6	59	21	5.3	+1.8
FDG	American Century Focused Dynamic Growth ETF	22.5	45	35	1.9	-1.7
PRAY	FIS Christian Stock Fund	22.4	69	11	4.0	+0.4
JEPI	JPMorgan Equity Premium Income ETF	22.3	35	45	5.2	+1.6
RGEF	Rockefeller Global Equity ETF	22.1	55	25	3.8	+0.2
KOCG	FIS Knights of Columbus Global Belief ETF	22.1	75	5	4.6	+1.0
JAVA	JPMorgan Active Value ETF	22.0	44	36	5.2	+1.7
DUNK	Dana Unconstrained Equity ETF	22.0	75	5	1.7	-1.9
IQM	Franklin Intelligent Machines ETF	21.9	50	30	1.2	-2.3
DGRO	iShares Core Dividend Growth ETF	21.8	8	72	5.4	+1.8
VFMF	Vanguard U.S. Multifactor ETF	21.8	18	62	6.2	+2.6
VALQ	American Century U.S. Quality Value ETF	21.7	29	51	6.9	+3.4
BDIV	AAM Brentview Dividend Growth ETF	21.7	49	31	3.7	+0.1
FTC	First Trust Large Cap Growth AlphaDEX Fund	21.4	59	21	1.9	-1.7
VFQY	Vanguard U.S. Quality Factor ETF	21.4	13	67	5.3	+1.7
GGME	Invesco Next Gen Media and Gaming ETF	21.4	60	20	4.4	+0.8
USRD	Themes US R&D Champions ETF	21.2	29	51	4.0	+0.5
GDIV	Harbor Dividend Growth Leaders ETF	21.2	50	30	3.9	+0.4
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	21.1	49	31	4.5	+1.0
MFMO	Motley Fool Momentum Factor ETF	21.1	50	30	2.2	-1.4
ABOT	Abacus FCF Innovation Leaders ETF	20.9	69	11	3.5	-0.1
FMET	Fidelity Metaverse ETF	20.8	39	41	4.3	+0.7
VTV	Vanguard Value ETF	20.8	4	76	5.6	+2.0
SPHB	Invesco S&P 500 High Beta ETF	20.8	25	55	3.6	+0.0
SHRY	First Trust Bloomberg Shareholder Yield ETF	20.5	60	20	8.2	+4.6
FTGS	First Trust Growth Strength ETF	20.5	60	20	3.6	+0.0
LST	Leuthold Select Industries ETF	20.4	91	-11	4.6	+1.0
RFDA	RiverFront Dynamic US Dividend Advantage ETF	20.4	52	28	4.9	+1.3
EVUS	iShares ESG Aware MSCI USA Value ETF	20.3	18	62	5.3	+1.8
TRFK	Pacer Data and Digital Revolution ETF	20.2	60	20	1.9	-1.7
REVS	Columbia Research Enhanced Value ETF	20.2	19	61	6.3	+2.7
AVIE	Avantis� Inflation Focused Equity ETF	19.9	25	55	5.6	+2.1
MGV	Vanguard Mega Cap Value ETF	19.9	7	73	5.2	+1.6
PRXV	Praxis Impact Large Cap Value ETF	19.7	36	44	5.3	+1.7
USCF	Themes US Cash Flow Champions ETF	19.7	29	51	7.5	+3.9
MAVF	Matrix Advisors Value ETF	19.6	75	5	4.8	+1.2
BEEX	BeeHive ETF	19.6	84	-4	3.6	+0.1
ACWV	iShares MSCI Global Min Vol Factor ETF	19.5	20	60	5.5	+2.0
RSP	Invesco S&P 500 Equal Weight ETF	19.4	20	60	5.7	+2.1
FDCF	Fidelity Disruptive Communications ETF	19.2	50	30	1.8	-1.8
DEUS	Xtrackers Russell US Multifactor ETF	19.2	17	63	6.3	+2.8
BGDV	Bahl & Gaynor Dividend ETF	19.1	45	35	3.9	+0.4
LGCF	Themes US Cash Flow Champions ETF	19.1	30	50	6.7	+3.2
CHGX	AXS Change Finance ESG ETF	18.9	49	31	4.2	+0.7
STXV	Strive 1000 Value ETF	18.8	18	62	6.5	+3.0
RSPE	Invesco ESG S&P 500 Equal Weight ETF	18.7	20	60	5.3	+1.8
YLDE	ClearBridge Dividend Strategy ESG ETF	18.5	60	20	5.2	+1.6
SHOC	Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF	18.5	40	40	1.8	-1.7
SOXX	iShares Semiconductor ETF	18.5	35	45	2.1	-1.4
SMH	VanEck Semiconductor ETF	18.5	35	45	2.1	-1.5
ACSI	American Customer Satisfaction ETF	18.5	65	15	4.3	+0.8
ICAP	InfraCap Equity Income Fund ETF	18.4	171	-91	4.5	+0.9
SCHV	Schwab U.S. Large-Cap Value ETF	18.4	4	76	5.5	+1.9
DFLV	Dimensional US Large Cap Value ETF	18.4	22	58	5.8	+2.2
EDOW	First Trust Dow 30 Equal Weight ETF	18.4	50	30	4.5	+0.9
SOXQ	Invesco PHLX Semiconductor ETF	18.3	19	61	2.1	-1.5
DIA	SPDR Dow Jones Industrial Average ETF	18.2	16	64	4.7	+1.1
FTXL	First Trust Nasdaq Semiconductor ETF	18.1	60	20	2.2	-1.4
SPGP	Invesco S&P 500 GARP ETF	18.1	34	46	5.7	+2.1
GEW	Cambria Global EW ETF	18.0	29	51	5.2	+1.7
ARTY	iShares Future AI & Tech ETF	18.0	47	33	2.3	-1.3
WTV	WisdomTree US Value ETF	18.0	12	68	7.4	+3.9
OPTZ	Optimize Strategy Index ETF	17.7	50	30	3.4	-0.2
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	17.7	40	40	5.2	+1.6
CFA	VictoryShares US 500 Volatility Wtd ETF	17.7	35	45	5.3	+1.7
DGT	State Street SPDR Global Dow ETF	17.5	50	30	5.5	+1.9
GOP	Unusual Whales Subversive Republican Trading ETF	17.5	50	30	4.2	+0.6
SFGV	Sequoia Global Value ETF	17.5	23	57	6.9	+3.3
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	17.5	9	71	5.1	+1.5
EUSA	iShares MSCI USA Equal Weighted ETF	17.4	9	71	5.3	+1.8
LIVR	Intelligent Livermore ETF	17.4	69	11	3.1	-0.5
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	17.3	75	5	2.1	-1.5
FCTR	First Trust Lunt U.S. Factor Rotation ETF	17.3	65	15	4.6	+1.0
DVND	Touchstone Dividend Select ETF	17.3	67	13	5.1	+1.6
CSTK	Invesco Comstock Contrarian Equity ETF	17.2	35	45	5.6	+2.1
DRUP	GraniteShares Nasdaq Select Disruptors ETF	17.2	60	20	3.4	-0.2
MBCC	Monarch Blue Chips Core ETF	17.2	125	-45	3.8	+0.3
GPT	Intelligent Alpha Atlas ETF	17.1	69	11	6.1	+2.5
FEX	First Trust Large Cap Core AlphaDEX Fund	17.1	59	21	4.9	+1.3
FTCE	First Trust New Constructs Core Earnings Leaders ETF	16.9	60	20	4.6	+1.0
VDIG	Vanguard Wellington Dividend Growth Active ETF	16.9	40	40	4.5	+0.9
SIZE	iShares MSCI USA Size Factor ETF	16.8	15	65	5.3	+1.8
JPUS	JPMorgan Diversified Return U.S. Equity ETF	16.8	18	62	6.7	+3.2
QQWZ	Pacer Cash COWZ 100-Nasdaq100 Rotator ETF	16.8	49	31	7.2	+3.6
COWZ	Pacer US Cash Cows 100 ETF	16.8	49	31	7.1	+3.5
FDN	First Trust Dow Jones Internet Index Fund	16.8	52	28	2.6	-1.0
DFUV	Dimensional US Marketwide Value ETF	16.7	22	58	5.8	+2.2
FDND	FT Vest Dow Jones Internet & Target Income ETF	16.7	75	5	2.6	-1.0
VFMO	Vanguard U.S. Momentum Factor ETF	16.7	13	67	1.7	-1.9
EQRR	ProShares Equities for Rising Rates ETF	16.6	35	45	5.3	+1.7
ULVM	VictoryShares US Value Momentum ETF	16.5	20	60	5.9	+2.4
ARVR	First Trust Indxx Metaverse ETF	16.5	70	10	3.5	-0.1
XOEF	iShares S&P 500 ex S&P 100 ETF	16.2	20	60	4.6	+1.1
GURU	Global X Guru Index ETF	16.2	75	5	2.3	-1.3
KNCT	Invesco Next Gen Connectivity ETF	16.2	40	40	3.0	-0.6
DIVN	Horizon Dividend Income ETF	16.2	70	10	6.4	+2.9
TCAI	Tortoise AI Infrastructure ETF	16.0	65	15	1.5	-2.1
VUSV	Vanguard Wellington U.S. Value Active ETF	16.0	30	50	5.5	+1.9
VYM	Vanguard High Dividend Yield Index ETF	16.0	6	74	6.0	+2.4
KONG	Formidable Fortress ETF	16.0	89	-9	5.0	+1.5
STXD	Strive 1000 Dividend Growth ETF	15.9	35	45	4.4	+0.8
BMVP	Invesco Bloomberg MVP Multi-factor ETF	15.9	29	51	6.5	+3.0
PWV	Invesco Large Cap Value ETF	15.8	55	25	5.7	+2.2
HART	IQ Healthy Hearts ETF	15.7	45	35	6.0	+2.4
ASLV	Allspring Special Large Value ETF	15.6	35	45	5.0	+1.5
NBDS	Neuberger Berman Disrupters ETF	15.6	55	25	0.7	-2.9
SURE	AdvisorShares Insiders Advantage ETF	15.6	90	-10	7.5	+4.0
BUYZ	Franklin Disruptive Commerce ETF	15.6	50	30	2.4	-1.1
CHPX	Global X AI Semiconductor & Quantum ETF	15.4	50	30	1.7	-1.9
VO	Vanguard Mid-Cap ETF	15.3	4	76	20.7	+17.1
OGIG	ALPS O'Shares Global Internet Giants ETF	15.2	48	32	2.4	-1.2
FMDE	Fidelity Enhanced Mid Cap ETF	15.1	23	57	5.2	+1.6
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	14.9	20	60	5.9	+2.3
IMCB	iShares Morningstar Mid-Cap ETF	14.8	4	76	5.0	+1.5
SPVM	Invesco S&P 500 Value with Momentum ETF	14.7	39	41	6.1	+2.5
ITAN	Sparkline Intangible Value ETF	14.7	50	30	5.5	+2.0
ARKQ	ARK Autonomous Technology & Robotics ETF	14.7	75	5	1.0	-2.5
WLDR	Affinity World Leaders Equity ETF	14.6	67	13	5.4	+1.8
QOWZ	Invesco Nasdaq Free Cash Flow Achievers ETF	14.6	39	41	3.7	+0.1
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	14.5	60	20	6.0	+2.5
MILN	Global X Millennial Consumer ETF	14.5	50	30	4.0	+0.4
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	14.5	58	22	5.2	+1.6
PTL	Inspire 500 ETF	14.5	9	71	4.5	+0.9
VLUE	iShares MSCI USA Value Factor ETF	14.4	15	65	5.9	+2.3
XDAT	Franklin Exponential Data ETF	14.3	50	30	1.1	-2.4
AGIQ	Sofi Agentic AI ETF	14.2	69	11	6.6	+3.0
SIXG	Defiance Connective Technologies ETF	14.1	30	50	2.8	-0.8
WISE	Themes Generative Artificial Intelligence ETF	14.0	35	45	-0.4	-4.0
BLCV	iShares Large Cap Value Active ETF	13.8	53	27	5.9	+2.3
IMCG	iShares Morningstar Mid-Cap Growth ETF	13.8	6	74	3.3	-0.3
TDV	ProShares S&P Technology Dividend Aristocrats ETF	13.8	45	35	4.9	+1.4
QTUM	Defiance Quantum ETF	13.7	40	40	3.8	+0.2
HUSV	First Trust Horizon Managed Volatility Domestic ETF	13.7	70	10	4.7	+1.1
VOE	Vanguard Mid-Cap Value ETF	13.7	7	73	6.5	+3.0
PSI	Invesco Semiconductors ETF	13.7	57	23	1.7	-1.9
EQIN	Columbia US Equity Income ETF	13.7	35	45	5.9	+2.4
ARKW	ARK Next Generation Internet ETF	13.7	87	-7	0.5	-3.0
SGRT	SMART Earnings Growth 30 ETF	13.5	59	21	2.6	-1.0
FBOT	Fidelity Disruptive Automation ETF	13.4	50	30	2.9	-0.7
NULV	Nuveen ESG Large-Cap Value ETF	13.3	26	54	4.9	+1.4
TRFM	AAM Transformers ETF	13.2	49	31	1.0	-2.6
RW	Rainwater Equity ETF	13.2	125	-45	3.3	-0.3
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	13.2	60	20	8.8	+5.2
FXL	First Trust Technology AlphaDEX Fund	13.2	61	19	4.9	+1.3
SKYY	First Trust Cloud Computing ETF	13.2	60	20	2.4	-1.2
CZAR	Themes Natural Monopoly ETF	13.2	35	45	5.3	+1.7
BGIG	Bahl & Gaynor Income Growth ETF	13.1	45	35	4.4	+0.9
LEGR	First Trust Indxx Innovative Transaction & Process ETF	13.0	65	15	7.0	+3.4
IMCV	iShares Morningstar Mid-Cap Value ETF	12.8	6	74	6.6	+3.1
CLOD	Themes Cloud Computing ETF	12.7	35	45	3.0	-0.6
FAD	First Trust Multi Cap Growth AlphaDEX Fund	12.7	64	16	1.3	-2.3
RJDI	RJ Eagle Dividend Select Income ETF	12.3	55	25	4.5	+0.9
BFOR	ALPS Barron's 400 ETF	12.3	65	15	21.1	+17.6
ACEP	ARS Core Equity ETF	12.2	45	35	3.9	+0.4
AIS	VistaShares Artificial Intelligence Supercycle ETF	12.2	75	5	1.0	-2.6
SNPV	Xtrackers S&P 500 Value ESG ETF	12.0	15	65	5.4	+1.8
YALL	God Bless America ETF	12.0	65	15	4.4	+0.8
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	12.0	12	68	5.6	+2.0
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	11.9	20	60	7.1	+3.6
QNXT	iShares Nasdaq-100 ex Top 30 ETF	11.8	20	60	4.1	+0.5
IYC	iShares U.S. Consumer Discretionary ETF	11.7	40	40	3.8	+0.2
LSAF	LeaderShares AlphaFactor US Core Equity ETF	11.7	75	5	5.7	+2.1
DIVB	iShares Core Dividend ETF	11.6	5	75	6.3	+2.7
SMRI	Bushido Capital US Equity ETF	11.5	71	9	6.4	+2.9
SAMT	Strategas Macro Thematic Opportunities ETF	11.4	65	15	2.5	-1.1
LRNZ	TrueShares Technology, AI & Deep Learning ETF	11.4	69	11	-0.8	-4.3
DSTL	Distillate US Fundamental Stability & Value ETF	11.3	39	41	7.0	+3.4
FFF	Founders 100 ETF	11.3	75	5	2.3	-1.3
ARKK	ARK Innovation ETF	11.3	75	5	-2.6	-6.2
AUSF	Global X Adaptive U.S. Factor ETF	11.2	27	53	7.9	+4.3
DRIV	Global X Autonomous & Electric Vehicles ETF	11.2	68	12	3.4	-0.2
TMAT	Main Thematic Innovation ETF	11.2	164	-84	-2.0	-5.5
XLV	Health Care Select Sector SPDR	11.2	8	72	6.1	+2.5
FTCS	First Trust Capital Strength ETF	11.2	55	25	5.5	+1.9
VOX	Vanguard Communication Services ETF	11.2	9	71	4.6	+1.1
FHLC	Fidelity MSCI Health Care Index ETF	11.1	8	72	4.9	+1.3
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	11.1	40	40	6.4	+2.8
WAR	U.S. Global Tech and Aerospace & Defense ETF	11.0	60	20	0.2	-3.4
SPLV	Invesco S&P 500 Low Volatility ETF	11.0	25	55	5.1	+1.5
AKAF	The Frontier Economic Fund	11.0	20	60	5.2	+1.6
VHT	Vanguard Health Care ETF	11.0	9	71	4.7	+1.1
FCOM	Fidelity MSCI Communication Services Index ETF	10.9	8	72	4.7	+1.1
TOLL	Tema Durable Quality ETF	10.9	75	5	3.9	+0.4
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	10.8	65	15	1.3	-2.3
POWA	Invesco Bloomberg Pricing Power ETF	10.8	40	40	5.9	+2.3
XLF	Financial Select Sector SPDR	10.8	8	72	5.3	+1.8
TMFG	Motley Fool Global Opportunities ETF	10.7	85	-5	3.8	+0.2
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	10.7	75	5	3.2	-0.4
MOAT	VanEck Morningstar Wide Moat ETF	10.6	46	34	5.3	+1.7
IXJ	iShares Global Healthcare ETF	10.6	42	38	5.9	+2.4
AVMC	Avantis U.S. Mid Cap Equity ETF	10.6	18	62	6.0	+2.4
RSPF	Invesco S&P 500 Equal Weight Financials ETF	10.5	40	40	5.9	+2.3
MBOX	Freedom Day Dividend ETF	10.5	39	41	6.5	+2.9
IXP	iShares Global Comm Services ETF	10.4	42	38	5.9	+2.3
GXPC	Global X PureCap MSCI Communication Services ETF	10.4	25	55	4.2	+0.6
XLC	Communication Services Select Sector SPDR	10.4	8	72	5.6	+2.1
MAGA	Point Bridge America First ETF	10.4	72	8	5.1	+1.5
FPAG	FPA Global Equity ETF	10.3	49	31	5.5	+1.9
TAX	Cambria Tax Aware ETF	10.3	49	31	4.1	+0.5
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	10.2	60	20	4.2	+0.6
KAT	Scharf ETF	10.2	87	-7	6.0	+2.4
RPV	Invesco S&P 500 Pure Value ETF	10.2	35	45	8.3	+4.7
VFH	Vanguard Financials ETF	10.1	9	71	5.7	+2.2
FCLD	Fidelity Cloud Computing ETF	10.0	39	41	2.6	-1.0
FTA	First Trust Large Cap Value AlphaDEX Fund	10.0	59	21	7.3	+3.7
TPLC	Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	10.0	52	28	4.9	+1.3
FNCL	Fidelity MSCI Financials Index ETF	9.9	8	72	5.7	+2.1
VFVA	Vanguard U.S. Value Factor ETF	9.8	13	67	8.5	+5.0
EQAL	Invesco Russell 1000 Equal Weight ETF	9.7	20	60	5.9	+2.4
JSTC	Adasina Social Justice All Cap Global ETF	9.7	89	-9	4.3	+0.7
NUDV	Nuveen ESG Dividend ETF	9.6	26	54	5.9	+2.4
SPDG	State Street SPDR Portfolio S&P Sector Neutral Dividend ETF	9.5	5	75	7.4	+3.8
SDY	State Street SPDR S&P Dividend ETF	9.5	35	45	6.0	+2.4
BOTZ	Global X Robotics & Artificial Intelligence ETF	9.5	69	11	2.0	-1.5
SSUS	Day Hagan/Ned Davis Research Smart Sector ETF	9.5	79	1	3.4	-0.2
VOT	Vanguard Mid-Cap Growth ETF	9.4	7	73	3.1	-0.4
NEWZ	StockSnips AI-Powered Sentiment US All Cap ETF	9.4	65	15	5.0	+1.4
RVER	Trenchless Fund ETF	9.3	65	15	0.6	-3.0
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	9.3	30	50	7.4	+3.8
ARKX	ARK Space Exploration & Innovation ETF	9.3	75	5	0.0	-3.5
SMHX	VanEck Fabless Semiconductor ETF	9.3	35	45	2.0	-1.6
VSDA	VictoryShares Dividend Accelerator ETF	9.1	35	45	6.3	+2.7
FEGE	First Eagle Global Equity ETF	9.1	79	1	5.7	+2.2
DEW	WisdomTree Global High Dividend Fund	9.1	58	22	6.9	+3.3
FVD	First Trust Value Line Dividend Index Fund	9.1	65	15	5.6	+2.0
IYF	iShares U.S. Financials ETF	9.0	40	40	5.3	+1.7
ALTL	Pacer Lunt Large Cap Alternator ETF	9.0	60	20	4.8	+1.3
ETHO	Etho Climate Leadership U.S. ETF	9.0	47	33	4.0	+0.4
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	9.0	38	42	6.7	+3.1
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd ETF	9.0	35	45	6.7	+3.1
DIVE	Dana Concentrated Dividend ETF	9.0	65	15	6.4	+2.8
XLY	Consumer Discretionary Select Sector SPDR	8.9	8	72	4.8	+1.2
BEEZ	Honeytree U.S. Equity ETF	8.9	64	16	3.7	+0.1
DVOL	First Trust Dorsey Wright Momentum & Low Volatility ETF	8.8	60	20	4.5	+0.9
MFVL	Motley Fool Value Factor ETF	8.8	50	30	5.3	+1.7
DURA	VanEck Durable High Dividend ETF	8.8	29	51	6.2	+2.6
TDIV	First Trust NASDAQ Technology Dividend Index Fund	8.8	50	30	4.8	+1.2
VCR	Vanguard Consumer Discretionary ETF	8.8	9	71	4.6	+1.0
RTH	VanEck Retail ETF	8.8	35	45	5.0	+1.4
RSPC	Invesco S&P 500 Equal Weight Communication Services ETF	8.8	40	40	5.9	+2.3
NXTG	First Trust Indxx NextG ETF	8.8	70	10	3.4	-0.1
IWR	iShares Russell Midcap ETF	8.8	19	61	5.2	+1.7
RXI	iShares Global Consumer Discretionary ETF	8.7	41	39	8.5	+4.9
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	8.6	50	30	7.9	+4.3
XSD	State Street SPDR S&P Semiconductor ETF	8.6	35	45	2.5	-1.1
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	8.6	8	72	4.6	+1.0
LYLD	Cambria Large Cap Shareholder Yield ETF	8.6	59	21	7.6	+4.0
FMKT	The Free Markets ETF	8.5	76	4	4.0	+0.4
IBOT	Vaneck Robotics ETF	8.5	47	33	3.3	-0.3
SAMM	Strategas Macro Momentum ETF	8.5	66	14	3.7	+0.1
IWP	iShares Russell Mid-Cap Growth ETF	8.4	23	57	3.0	-0.5
DHS	WisdomTree U.S. High Dividend Fund	8.4	38	42	7.8	+4.3
DIVD	Altrius Global Dividend ETF Altrius Global Divid ETF	8.3	49	31	7.6	+4.0
OND	ProShares On-Demand ETF	8.3	58	22	0.5	-3.1
GXPD	Global X PureCap MSCI Consumer Discretionary ETF	8.3	25	55	3.8	+0.2
DVGR	DAC 3D Dividend Growth ETF	8.3	65	15	4.7	+1.2
SAGP	Strategas Global Policy Opportunities ETF	8.3	65	15	4.7	+1.2
AGQI	First Trust Active Global Quality Income ETF	8.3	85	-5	6.2	+2.6
IYH	iShares U.S. Healthcare ETF	8.2	40	40	5.3	+1.8
GKAT	Scharf Global Opportunity ETF	8.2	57	23	5.7	+2.1
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	8.2	24	56	7.0	+3.4
MOTO	SmartETFs Smart Transportation & Technology ETF	8.1	68	12	5.6	+2.0
DVLU	First Trust Dorsey Wright Momentum & Value ETF	8.1	60	20	6.0	+2.5
FOWF	Pacer Solactive Whitney Fututre of Warfare ETF	8.1	60	20	3.4	-0.2
FXO	First Trust Financials AlphaDEX Fund	8.0	62	18	7.6	+4.0
HDV	iShares Core High Dividend ETF	7.9	8	72	28.6	+25.0
PKW	Invesco Buyback Achievers ETF	7.9	62	18	6.7	+3.2
AIPO	Defiance AI & Power Infrastructure ETF	7.7	69	11	0.9	-2.7
TINY	ProShares Nanotechnology ETF	7.7	58	22	1.4	-2.2
VFLO	VictoryShares Free Cash Flow ETF	7.6	39	41	6.1	+2.6
MOTG	VanEck Morningstar Global Wide Moat ETF	7.6	52	28	7.8	+4.2
DIVG	Invesco S&P 500 High Dividend Growers ETF	7.6	39	41	7.1	+3.5
TEXN	iShares Texas Equity ETF	7.6	20	60	4.9	+1.4
BWEB	Bitwise Web3 ETF	7.5	85	-5	-0.1	-3.7
GVLU	Gotham 1000 Value ETF	7.5	50	30	7.7	+4.1
HRTS	Tema Heart & Health ETF	7.5	75	5	2.7	-0.9
ISHP	First Trust Nasdaq Retail ETF	7.5	60	20	5.2	+1.7
JHMM	John Hancock Multifactor Mid Cap ETF	7.4	42	38	5.4	+1.8
FTXH	First Trust Nasdaq Pharmaceuticals ETF	7.4	60	20	6.0	+2.4
RSPD	Invesco S&P 500 Equal Weight Consumer Discretionary ETF	7.4	40	40	6.1	+2.5
IXG	iShares Global Financials ETF	7.3	42	38	5.7	+2.1
FLV	American Century Focused Large Cap Value ETF	7.3	42	38	5.7	+2.1
IYK	iShares U.S. Consumer Staples ETF	7.3	40	40	5.9	+2.3
IYJ	iShares U.S. Industrials ETF	7.3	40	40	4.1	+0.5
CIBR	First Trust NASDAQ Cybersecurity ETF	7.3	60	20	3.3	-0.2
BIBL	Inspire 100 ETF	7.3	35	45	4.2	+0.6
IGV	iShares Expanded Tech-Software Sector ETF	7.2	41	39	3.1	-0.4
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	7.2	20	60	0.8	-2.8
DUSA	Davis Select U.S. Equity ETF	7.2	61	19	6.9	+3.3
ONEY	State Street SPDR Russell 1000 Yield Focus ETF	7.1	20	60	8.4	+4.8
IBLC	iShares Blockchain and Tech ETF	7.1	47	33	-1.3	-4.8
IBUY	Amplify Online Retail ETF	7.1	65	15	2.2	-1.4
CGDG	Capital Group Dividend Growers ETF	7.0	47	33	5.1	+1.5
FXH	First Trust Health Care AlphaDEX Fund	6.9	62	18	4.2	+0.6
AVMV	Avantis U.S. Mid Cap Value ETF	6.9	20	60	7.2	+3.6
GINX	SGI Enhanced Global Income ETF	6.8	98	-18	6.3	+2.7
KIE	State Street SPDR S&P Insurance ETF	6.7	35	45	6.3	+2.7
TBG	TBG Dividend Focus ETF	6.7	59	21	6.0	+2.4
MVAL	VanEck Morningstar Wide Moat Value ETF	6.7	49	31	6.1	+2.5
IWS	iShares Russell Mid-Cap Value ETF	6.6	23	57	5.8	+2.2
XITK	State Street SPDR FactSet Innovative Technology ETF	6.6	45	35	0.1	-3.5
QDIV	Global X S&P 500 Quality Dividend ETF	6.5	20	60	7.4	+3.8
FAB	First Trust Multi Cap Value AlphaDEX Fund	6.5	67	13	8.1	+4.6
KBWP	Invesco KBW Property & Casualty Insurance ETF	6.5	35	45	6.8	+3.3
IAK	iShares U.S. Insurance ETF	6.5	40	40	6.6	+3.0
QVAL	Alpha Architect US Quantitative Value ETF	6.5	39	41	8.6	+5.1
SIXL	ETC 6 Meridian Low Beta Equity ETF	6.4	80	0	5.8	+2.3
DIVS	SmartETFs Dividend Builder ETF	6.4	65	15	4.3	+0.7
PINK	Simplify Health Care ETF	6.3	50	30	0.8	-2.8
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	6.2	15	65	6.2	+2.6
NETZ	TCW Transform Systems ETF	6.2	75	5	1.5	-2.1
DWLD	Davis Select Worldwide ETF	6.2	63	17	6.8	+3.3
SPRX	Spear Alpha ETF	6.2	75	5	-0.8	-4.4
BOTT	Themes Robotics & Automation ETF	6.1	35	45	-4.9	-8.4
MEDI	Harbor Health Care ETF	6.1	80	0	-1.3	-4.9
FLDZ	RiverNorth Patriot ETF	6.1	75	5	6.0	+2.4
PPH	VanEck Pharmaceutical ETF	6.1	36	44	6.7	+3.1
HYP	Golden Eagle Dynamic Hypergrowth ETF	6.1	85	-5	-0.8	-4.3
PJP	Invesco Pharmaceuticals ETF	6.1	57	23	6.1	+2.6
ARKF	ARK Fintech Innovation ETF	6.1	75	5	0.2	-3.4
BLES	Inspire Global Hope ETF	6.1	61	19	5.6	+2.0
DVY	iShares Select Dividend ETF	6.0	38	42	7.7	+4.2
SRHQ	SRH U.S. Quality ETF	6.0	35	45	5.7	+2.2
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	6.0	60	20	4.6	+1.0
PEZ	Invesco Dorsey Wright Consumer Cyclicals Momentum ETF	6.0	60	20	0.9	-2.7
FTWO	Strive FAANG 2.0 ETF	5.8	49	31	3.7	+0.1
XRT	State Street SPDR S&P Retail ETF	5.7	35	45	7.5	+4.0
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	5.7	35	45	10.7	+7.2
DTCR	Global X Data Center & Digital Infrastructure ETF	5.7	50	30	3.5	-0.1
AIVL	WisdomTree U.S. AI Enhanced Value Fund	5.7	38	42	4.9	+1.4
SDG	iShares MSCI Global Sustainable Development Goals ETF	5.6	49	31	4.4	+0.9
DJD	Invesco Dow Jones Industrial Average Dividend ETF	5.6	7	73	6.3	+2.8
BLOK	Amplify Transformational Data Sharing ETF	5.6	75	5	-0.2	-3.7
HAIL	State Street SPDR S&P Kensho Smart Mobility ETF	5.5	45	35	-1.5	-5.1
TXS	Texas Capital Texas Equity Index ETF	5.5	49	31	4.8	+1.2
CLNR	IQ Cleaner Transport ETF	5.5	45	35	4.0	+0.4
JDOC	JPMorgan Healthcare Leaders ETF	5.5	65	15	3.2	-0.3
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	5.4	30	50	8.6	+5.0
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	5.4	60	20	7.5	+3.9
UDI	USCF Dividend Income Fund	5.4	65	15	6.3	+2.8
TPHD	Timothy Plan High Dividend Stock ETF	5.4	52	28	6.0	+2.4
EBIZ	Global X E-Commerce ETF	5.4	50	30	4.7	+1.1
FLOW	Global X U.S. Cash Flow Kings 100 ETF	5.4	25	55	9.9	+6.3
INCE	Franklin Income Equity Focus ETF	5.3	29	51	5.3	+1.8
WDNA	WisdomTree BioRevolution Fund	5.3	45	35	-1.8	-5.3
BULD	Pacer BlueStar Engineering the Future ETF	5.3	60	20	0.3	-3.3
IYG	iShares US Financial Services ETF	5.3	40	40	4.9	+1.3
QQLV	Invesco QQQ Low Volatility ETF	5.3	25	55	4.2	+0.7
XLI	Industrial Select Sector SPDR	5.3	8	72	3.7	+0.2
FXD	First Trust Consumer Discretionary AlphaDEX Fund	5.3	61	19	8.0	+4.4
FIDU	Fidelity MSCI Industrial Index ETF	5.2	8	72	3.8	+0.2
XLP	Consumer Staples Select Sector SPDR	5.2	8	72	5.8	+2.2
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	5.2	40	40	7.0	+3.4
GXPS	Global X PureCap MSCI Consumer Staples ETF	5.2	25	55	4.9	+1.4
VDC	Vanguard Consumer Staples ETF	5.2	9	71	5.6	+2.0
KXI	iShares Global Consumer Staples ETF	5.2	41	39	5.4	+1.8
FSTA	FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF	5.2	8	72	5.6	+2.0
SPIT	F/m Emerald Special Situations ETF	5.2	105	-25	-0.7	-4.3
VAMO	Cambria Value & Momentum ETF	5.1	61	19	5.1	+1.6
NUMG	Nuveen ESG Mid-Cap Growth ETF	5.1	31	49	1.9	-1.7
ERTH	Invesco MSCI Sustainable Future ETF	5.1	62	18	3.3	-0.3
CANC	Tema Oncology ETF	5.1	75	5	-2.1	-5.7
VIS	Vanguard Industrials ETF	5.0	9	71	3.8	+0.2
DTEC	ALPS Disruptive Technologies ETF	5.0	50	30	3.4	-0.2
CLOU	Global X Cloud Computing ETF	5.0	68	12	2.1	-1.5
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	4.9	60	20	5.7	+2.2
SOCL	Global X Social Media ETF	4.9	65	15	13.3	+9.8
BUL	Pacer US Cash Cows Growth ETF	4.9	60	20	3.3	-0.3
ZIG	Acquirers Fund	4.9	84	-4	20.5	+16.9
FXG	First Trust Consumer Staples AlphaDEX Fund	4.8	63	17	8.3	+4.7
CWS	AdvisorShares Focused Equity ETF	4.8	84	-4	4.8	+1.2
RCGE	RockCreek Global Equality ETF	4.8	95	-15	5.8	+2.2
BMED	Future Health ETF	4.8	85	-5	0.9	-2.6
MDLV	Morgan Dempsey Large Cap Value ETF	4.8	58	22	5.8	+2.2
TPHE	Timothy Plan High Dividend Stock Enhanced ETF	4.8	54	26	6.0	+2.4
HAP	VanEck Natural Resources ETF	4.7	50	30	6.2	+2.6
IYE	iShares U.S. Energy ETF	4.7	40	40	6.1	+2.5
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	4.7	58	22	3.7	+0.1
EXI	iShares Global Industrials ETF	4.7	42	38	3.6	+0.0
RSPG	Invesco S&P 500 Equal Weight Energy ETF	4.7	40	40	7.7	+4.1
XLE	Energy Select Sector SPDR	4.7	8	72	6.3	+2.7
FENY	Fidelity MSCI Energy Index ETF	4.7	8	72	6.2	+2.6
VDE	Vanguard Energy ETF	4.7	9	71	6.2	+2.6
IGE	iShares North American Natural Resources ETF	4.7	41	39	5.2	+1.7
IXC	iShares Global Energy ETF	4.7	44	36	6.9	+3.3
GXPE	Global X PureCap MSCI Energy ETF	4.7	25	55	6.0	+2.4
FTXN	First Trust Nasdaq Oil & Gas ETF	4.7	60	20	7.8	+4.2
KNO	AXS Knowledge Leaders ETF	4.6	78	2	3.9	+0.3
TINT	ProShares Smart Materials ETF	4.6	58	22	5.6	+2.0
MNRS	Grayscale Bitcoin Miners ETF	4.6	59	21	-2.3	-5.9
SCHD	Schwab US Dividend Equity ETF	4.6	6	74	7.6	+4.1
AGNG	Global X Aging Population ETF	4.5	50	30	4.1	+0.5
SDOG	ALPS Sector Dividend Dogs ETF	4.5	36	44	7.8	+4.2
CDIG	City Different Investments Global Equity ETF	4.5	75	5	-1.6	-5.2
XSW	State Street SPDR S&P Software & Services ETF	4.4	35	45	2.4	-1.2
NANR	SPDR S&P North American Natural Resources ETF	4.3	35	45	5.8	+2.2
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	4.3	75	5	1.9	-1.7
GLRY	Inspire Faithward Mid Cap Momentum ETF	4.3	80	0	4.1	+0.5
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	4.2	40	40	4.6	+1.0
PSL	Invesco Dorsey Wright Consumer Staples Momentum ETF	4.2	60	20	5.6	+2.0
MEDX	Horizon Kinetics Medical ETF	4.2	85	-5	1.4	-2.2
FPX	First Trust US Equity Opportunities ETF	4.2	61	19	0.8	-2.8
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	4.2	27	53	6.5	+2.9
FXN	First Trust Energy AlphaDEX Fund	4.1	62	18	9.4	+5.8
SYLD	Cambria Shareholder Yield ETF	4.1	59	21	9.5	+5.9
FITE	State Street SPDR S&P Kensho Future Security ETF	4.1	45	35	1.1	-2.5
XHS	State Street SPDR S&P Health Care Services ETF	4.1	35	45	3.2	-0.4
DIVL	Madison Dividend Value ETF	4.0	65	15	4.7	+1.2
AKRE	Akre Focus ETF	4.0	106	-26	4.1	+0.5
PTH	Invesco Dorsey Wright Healthcare Momentum ETF	4.0	60	20	-1.3	-4.8
GNOM	Global X Genomics & Biotechnology ETF	3.9	50	30	-2.0	-5.6
GNR	SPDR S&P Global Natural Resources ETF	3.9	40	40	7.8	+4.2
SPDV	AAM S&P 500 High Dividend Value ETF	3.9	29	51	10.2	+6.7
QQQJ	Invesco NASDAQ Next Gen 100 ETF	3.9	15	65	3.8	+0.3
ROBO	ROBO Global Robotics & Automation Index ETF	3.8	95	-15	2.5	-1.1
HUMN	Roundhill Humanoid Robotics ETF	3.8	75	5	1.4	-2.1
EIPX	FT Energy Income Partners Strategy ETF	3.8	95	-15	5.6	+2.0
CBSE	Clough Select Equity ETF	3.8	85	-5	0.4	-3.2
LOUP	Innovator Deepwater Frontier Tech ETF	3.7	70	10	1.0	-2.6
COWS	Amplify Cash Flow Dividend Leaders ETF	3.7	19	61	6.7	+3.1
WCEO	Hypatia Women CEO ETF	3.7	85	-5	4.4	+0.9
MAKX	ProShares S&P Kensho Smart Factories ETF	3.7	58	22	1.2	-2.4
AFMC	First Trust Active Factor Mid Cap ETF	3.7	65	15	6.9	+3.3
RBLD	First Trust Alerian US NextGen Infrastructure ETF	3.7	65	15	4.0	+0.5
ECML	Euclidean Fundamental Value ETF	3.6	95	-15	8.2	+4.7
IDGT	iShares U.S. Digital Infrastructure and Real Estate ETF	3.6	41	39	4.6	+1.1
FSMD	Fidelity Small-Mid Multifactor ETF	3.5	15	65	6.4	+2.9
NVIR	Horizon Kinetics Energy and Remediation ETF	3.5	85	-5	5.0	+1.5
EIPI	FT Energy Income Partners Enhanced Income ETF	3.5	110	-30	5.3	+1.7
GDOC	Goldman Sachs Future Health Care Equity ETF	3.5	75	5	0.8	-2.8
FTDS	First Trust Dividend Strength ETF	3.4	70	10	6.7	+3.1
ALRG	Allspring LT Large Core ETF	3.4	28	52	3.5	-0.1
OZEM	Roundhill GLP-1 & Weight Loss ETF	3.4	59	21	5.2	+1.7
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	3.4	35	45	8.8	+5.3
DRLL	Strive U.S. Energy ETF	3.4	41	39	6.9	+3.4
MCDS	JPMorgan Fundamental Data Science Mid Core ETF	3.2	35	45	4.8	+1.2
TRUD	VanEck Consumer Disc TruSector ETF	3.2	14	66	3.1	-0.5
FDL	First Trust Morningstar Dividend Leaders Index Fund	3.2	45	35	8.7	+5.1
ONLN	ProShares Online Retail ETF	3.2	58	22	1.3	-2.2
PFI	Invesco Dorsey Wright Financial Momentum ETF	3.2	60	20	4.6	+1.0
FFSM	Fidelity Fundamental Small-Mid Cap ETF	3.2	43	37	4.9	+1.3
FDHT	Fidelity Digital Health ETF	3.2	39	41	1.8	-1.8
DGLO	First Trust RBA Deglobalization ETF	3.1	70	10	5.3	+1.8
IHE	iShares U.S. Pharmaceuticals ETF	3.1	40	40	4.2	+0.7
GCOW	Pacer Global Cash Cows Dividend ETF	3.0	60	20	9.0	+5.5
VOLT	Tema Electrification ETF	3.0	75	5	2.7	-0.9
XPH	State Street SPDR S&P Pharmaceuticals ETF	3.0	35	45	-1.5	-5.1
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	3.0	61	19	6.1	+2.5
IFRA	iShares U.S. Infrastructure ETF	3.0	30	50	5.8	+2.2
NUMV	Nuveen ESG Mid-Cap Value ETF	2.9	31	49	5.4	+1.8
NBCT	Neuberger Berman Carbon Transition Infrastructure ETF	2.9	55	25	4.8	+1.2
MADE	iShares U.S. Manufacturing ETF	2.9	40	40	3.7	+0.1
HELX	Franklin Genomic Advancements ETF	2.9	50	30	-1.2	-4.8
THNR	Amplify Weight Loss Drug & Treatment ETF	2.9	59	21	5.5	+2.0
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	2.8	7	73	9.8	+6.3
AMID	Argent Mid Cap ETF Argent Mid Cap ETF	2.8	52	28	5.1	+1.5
XBI	State Street SPDR S&P Biotech ETF	2.8	35	45	-1.3	-4.9
FDFF	Fidelity Disruptive Finance ETF	2.8	50	30	4.8	+1.3
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	2.8	60	20	2.4	-1.2
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	2.7	39	41	1.2	-2.4
DIVZ	TrueShares Low Volatility Equity Income ETF	2.7	65	15	6.0	+2.4
WGMI	Valkyrie Bitcoin Miners ETF	2.7	75	5	-3.1	-6.6
WBIY	WBI Power Factor High Dividend ETF	2.7	100	-20	11.2	+7.7
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	2.7	46	34	7.3	+3.7
SCHM	Schwab U.S. Mid-Cap ETF	2.7	4	76	5.8	+2.2
KCE	State Street SPDR S&P Capital Markets ETF	2.6	35	45	5.4	+1.8
SMOT	VanEck Morningstar SMID Moat ETF	2.6	49	31	6.2	+2.6
NUKZ	Range Nuclear Renaissance Index ETF	2.6	85	-5	1.5	-2.1
CVY	Invesco Zacks Multi-Asset Income ETF	2.6	106	-26	9.6	+6.0
DFNL	Davis Select Financial ETF	2.6	63	17	6.9	+3.3
BPAY	BlackRock Future Financial and Technology ETF	2.6	70	10	4.9	+1.3
CVAR	Cultivar ETF	2.5	87	-7	6.5	+3.0
PPA	Invesco Aerospace & Defense ETF	2.5	58	22	2.0	-1.6
SHLD	Global X Defense Tech ETF	2.5	50	30	3.2	-0.4
MISL	First Trust Indxx Aerospace & Defense ETF	2.5	60	20	1.9	-1.7
DRNZ	REX Drone ETF	2.5	65	15	-1.9	-5.5
PEY	Invesco High Yield Equity Dividend Achievers ETF	2.5	52	28	8.2	+4.6
BITQ	Bitwise Crypto Industry Innovators ETF	2.5	85	-5	-2.1	-5.7
IBB	iShares Biotechnology ETF	2.5	45	35	-0.5	-4.1
FBT	First Trust NYSE Arca Biotechnology Index Fund	2.5	56	24	2.0	-1.6
BBH	VanEck Biotech ETF	2.5	35	45	4.3	+0.7
PBE	Invesco Biotechnology & Genome ETF	2.5	58	22	1.6	-2.0
IBBQ	Invesco Nasdaq Biotechnology ETF	2.5	19	61	0.2	-3.4
WCLD	WisdomTree Cloud Computing Fund	2.5	45	35	1.1	-2.5
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	2.5	75	5	5.7	+2.2
HWSM	Hotchkis & Wiley SMID Cap Diversified Value ETF	2.4	55	25	8.4	+4.9
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	2.4	47	33	5.0	+1.4
AWAY	ETFMG Travel Tech ETF	2.3	76	4	1.0	-2.6
UPGD	Invesco Bloomberg Analyst Rating Improvers ETF	2.3	40	40	5.2	+1.7
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	2.3	78	2	9.0	+5.4
SATO	Invesco Alerian Galaxy Crypto Economy ETF	2.3	61	19	-0.7	-4.3
RUNN	Running Oak Efficient Growth ETF	2.2	58	22	4.8	+1.2
BJK	VanEck Gaming ETF	2.2	65	15	4.6	+1.0
DIV	Global X SuperDividend US ETF	2.2	45	35	9.5	+5.9
BOUT	Innovator IBD Breakout Opportunities ETF	2.1	81	-1	3.1	-0.5
AMZA	InfraCap MLP ETF	2.1	164	-84	5.3	+1.7
IYZ	iShares U.S. Telecommunications ETF	2.1	40	40	5.9	+2.3
XTL	State Street SPDR S&P Telecom ETF	2.1	35	45	1.8	-1.8
RNSC	Furst Trust Small Cap US Equity Select ETF	2.1	60	20	4.6	+1.0
VB	Vanguard Small-Cap ETF	2.1	5	75	5.1	+1.6
BBP	Virtus LifeSci Biotech Products ETF	2.1	79	1	-3.3	-6.8
CNRG	State Street SPDR S&P Kensho Clean Power ETF	2.0	45	35	0.0	-3.5
ETEC	iShares Breakthrough Environmental Solutions ETF	2.0	47	33	3.3	-0.3
JETS	U.S. Global Jets ETF	2.0	60	20	2.6	-1.0
PXI	Invesco Dorsey Wright Energy Momentum ETF	2.0	60	20	4.7	+1.2
SMLF	iShares U.S. SmallCap Equity Factor ETF	2.0	15	65	4.8	+1.3
PAWZ	ProShares Pet Care ETF	2.0	50	30	4.0	+0.5
VBR	Vanguard Small Cap Value ETF	1.9	7	73	7.6	+4.1
CCSO	Carbon Collective Climate Solutions US Equity ETF	1.9	35	45	1.0	-2.6
PUI	Invesco Dorsey Wright Utilities Momentum ETF	1.9	60	20	4.7	+1.1
DIVY	Sound Equity Dividend Income ETF	1.9	45	35	7.5	+3.9
TOGA	Tremblant Global ETF	1.9	69	11	-0.2	-3.7
PSIL	AdvisorShares Psychedelics ETF	1.9	99	-19	-1.2	-4.7
FSGS	First Trust SMID Growth Strength ETF	1.9	60	20	4.7	+1.1
WSGE	Warren Street Global Equity ETF	1.8	80	0	2.8	-0.8
FRNW	Fidelity Clean Energy ETF	1.8	39	41	2.1	-1.5
POWR	iShares U.S. Power Infrastructure ETF	1.8	40	40	4.2	+0.7
TMDV	ProShares Russell US Dividend Growers ETF	1.8	35	45	6.0	+2.5
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	1.8	40	40	8.4	+4.9
CRAK	VanEck Oil Refiners ETF	1.8	61	19	7.0	+3.4
RNIN	Bushido Capital US SMID Cap Equity ETF	1.8	70	10	9.1	+5.5
ABLD	Abacus FCF Real Assets Leaders ETF	1.8	69	11	6.3	+2.8
POW	VistaShares Electrification Supercycle ETF	1.7	75	5	2.4	-1.2
FAN	First Trust Global Wind Energy ETF	1.7	60	20	3.0	-0.6
CSD	Invesco S&P Spin-Off ETF	1.7	65	15	3.8	+0.2
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.7	7	73	5.2	+1.6
TNUK	Tortoise Nuclear Renaissance ETF	1.7	75	5	0.9	-2.7
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	1.7	30	50	3.9	+0.3
OCEN	IQ Clean Oceans ETF	1.7	45	35	4.6	+1.1
HWAY	Themes US Infrastructure ETF	1.7	29	51	4.7	+1.1
PKB	Invesco Building & Construction ETF	1.7	62	18	4.0	+0.4
GSIB	Themes Global Systemically Important Banks ETF	1.6	35	45	7.3	+3.7
KBWB	Invesco KBW Bank ETF	1.6	35	45	6.2	+2.6
HOMZ	Hoya Capital Housing ETF	1.6	30	50	10.4	+6.8
ITA	iShares U.S. Aerospace & Defense ETF	1.6	40	40	1.6	-2.0
UFO	Procure Space ETF	1.6	75	5	0.1	-3.5
ROKT	State Street SPDR S&P Kensho Final Frontiers ETF	1.6	45	35	0.9	-2.7
NATO	Themes Transatlantic Defense ETF	1.6	35	45	2.0	-1.6
XAR	State Street SPDR S&P Aerospace & Defense ETF	1.6	35	45	1.9	-1.7
FDLS	Inspire Fidelis Multi Factor ETF	1.6	76	4	3.0	-0.5
FFTY	Innovator IBD 50 ETF	1.6	80	0	0.1	-3.5
ARKG	ARK Genomic Revolution ETF	1.6	75	5	-1.0	-4.6
SNSR	Global X Internet of Things ETF	1.6	68	12	3.5	-0.1
FDIG	Fidelity Crypto Industry and Digital Payments ETF	1.5	39	41	-1.2	-4.7
WDIV	SPDR S&P Global Dividend ETF	1.5	40	40	8.6	+5.1
FTXR	First Trust Nasdaq Transportation ETF	1.5	60	20	6.9	+3.3
PBJ	Invesco Food & Beverage ETF	1.4	57	23	8.1	+4.5
RDIV	Invesco S&P Ultra Dividend Revenue ETF	1.4	39	41	8.9	+5.4
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.4	59	21	2.7	-0.8
GII	SPDR S&P Global Infrastructure ETF	1.3	40	40	4.4	+0.8
MLPI	NEOS MLP & Engy Infras Hi Inc ETF	1.3	68	12	4.2	+0.6
USNG	Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.3	59	21	3.0	-0.6
ENFR	Alerian Energy Infrastructure ETF	1.3	35	45	4.2	+0.6
TPYP	Tortoise North American Pipeline Fund	1.3	40	40	4.8	+1.2
MLPX	Global X MLP & Energy Infrastructure ETF	1.3	45	35	4.2	+0.6
EINC	VanEck Energy Income ETF	1.3	48	32	4.3	+0.7
IGF	iShares Global Infrastructure ETF	1.3	41	39	4.4	+0.8
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	1.3	46	34	5.3	+1.7
USAI	Pacer American Energy Independence ETF	1.3	75	5	3.3	-0.2
LNGX	Global X U.S. Natural Gas ETF	1.3	45	35	9.7	+6.2
BESF	Bastion Energy ETF	1.3	80	0	8.3	+4.8
UMI	USCF Midstream Energy Income Fund ETF	1.3	85	-5	3.8	+0.2
CZA	Invesco Zacks Mid-Cap ETF	1.3	72	8	5.7	+2.1
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.3	60	20	5.1	+1.5
GRNJ	Fundstrat Granny Shots US Small & Mid Cap ETF	1.3	75	5	2.0	-1.6
FNDA	Schwab Fundamental US Small Co. Index ETF	1.3	25	55	6.0	+2.4
JEDI	Defiance Drone and Modern Warfare ETF	1.2	69	11	1.4	-2.2
ABEQ	Absolute Select Value ETF	1.2	85	-5	4.3	+0.8
PRN	Invesco Dorsey Wright Industrials Momentum ETF	1.2	60	20	1.6	-2.0
GRPM	Invesco S&P MidCap 400 GARP ETF	1.2	35	45	6.1	+2.5
FSCS	First Trust SMID Capital Strength ETF	1.2	60	20	7.0	+3.4
COPY	Tweedy, Browne Insider + Value ETF	1.1	80	0	13.9	+10.3
IHF	iShares U.S. Healthcare Providers ETF	1.1	40	40	6.5	+3.0
HTEC	ROBO Global Healthcare Technology and Innovation ETF	1.1	68	12	1.9	-1.6
CCNR	ALPS CoreCommodity Natural Resources ETF	1.1	39	41	7.7	+4.2
TMFX	Motley Fool Next Index ETF	1.1	50	30	2.7	-0.8
MOO	VanEck Agribusiness ETF	1.1	53	27	8.3	+4.7
KBE	State Street SPDR S&P Bank ETF	1.1	35	45	8.2	+4.6
CALF	Pacer US Small Cap Cash Cows 100 ETF	1.1	59	21	8.0	+4.4
DAT	ProShares Big Data Refiners ETF	1.1	58	22	2.7	-0.9
FPWR	First Trust EIP Power Solutions ETF	1.1	96	-16	4.5	+0.9
FMTM	MarketDesk Focused U.S. Momentum ETF	1.1	45	35	5.0	+1.4
FMED	Fidelity Disruptive Medicine ETF	1.0	50	30	-1.0	-4.6
FGD	First Trust Dow Jones Global Select Dividend Index Fund	1.0	56	24	9.0	+5.5
BKMC	BNY Mellon US Mid Cap Core Equity ETF	1.0	4	76	16.9	+13.3
DON	WisdomTree U.S. MidCap Dividend Fund	1.0	38	42	7.9	+4.4
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.0	40	40	3.8	+0.2
RNMC	First Trust Mid Cap US Equity Select ETF	1.0	60	20	6.7	+3.1
VBK	Vanguard Small-Cap Growth ETF	1.0	7	73	1.3	-2.3
FFOX	FundX Future Fund Opportunities ETF	1.0	100	-20	2.6	-1.0
VRAI	Virtus Real Asset Income ETF	1.0	55	25	8.1	+4.6
XLB	Materials Select Sector SPDR	1.0	8	72	5.4	+1.8
RSPM	Invesco S&P 500 Equal Weight Materials ETF	1.0	40	40	5.4	+1.9
MXI	iShares Global Materials ETF	1.0	41	39	5.7	+2.1
PYZ	Invesco Dorsey Wright Basic Materials Momentum ETF	1.0	60	20	4.2	+0.6
FTAG	First Trust Indxx Global Agriculture ETF	1.0	70	10	6.6	+3.0
FMAT	Fidelity MSCI Materials Index ETF	1.0	8	72	5.0	+1.4
VEGI	iShares MSCI Agriculture Producers ETF	1.0	39	41	7.0	+3.4
VAW	Vanguard Materials ETF	1.0	9	71	5.0	+1.4
AFSM	First Trust Active Factor Small Cap ETF	1.0	75	5	5.5	+1.9
FNX	First Trust Mid Cap Core AlphaDEX Fund	1.0	60	20	6.1	+2.5
ISCV	iShares Morningstar Small Cap Value ETF	0.9	6	74	7.4	+3.8
VIDI	Vident International Equity Strategy ETF	0.9	61	19	7.8	+4.2
TMFM	Motley Fool Mid-Cap Growth ETF	0.9	85	-5	2.1	-1.5
FNK	First Trust Mid Cap Value AlphaDEX Fund	0.9	70	10	9.1	+5.5
MDCP	VictoryShares THB Mid Cap ESG ETF	0.9	55	25	4.9	+1.4
BNGE	First Trust S-Network Streaming and Gaming ETF	0.9	70	10	2.9	-0.6
ISCB	iShares Morningstar Small-Cap ETF	0.8	4	76	5.2	+1.6
FTXG	First Trust Nasdaq Food & Beverage ETF	0.8	60	20	7.5	+3.9
SMMD	iShares Russell 2500 ETF	0.8	15	65	5.4	+1.8
DFAT	Dimensional U.S. Targeted Value ETF	0.8	28	52	8.2	+4.7
STXM	Strive Mid-Cap ETF	0.8	18	62	6.0	+2.4
ARB	AltShares Merger Arbitrage ETF	0.8	77	3	2.7	-0.9
IDNA	iShares Genomics Immunology and Healthcare ETF	0.8	47	33	-0.3	-3.9
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	0.7	40	40	7.8	+4.2
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	0.7	11	69	7.1	+3.5
XLRE	Real Estate Select Sector SPDR	0.7	8	72	7.3	+3.7
REET	iShares Global REIT ETF	0.7	14	66	7.0	+3.4
JPRE	JPMorgan Realty Income ETF	0.7	50	30	7.0	+3.4
FPRO	Fidelity Real Estate Investment ETF	0.7	59	21	6.2	+2.6
AVRE	Avantis Real Estate ETF	0.7	17	63	6.9	+3.3
VNQ	Vanguard Real Estate ETF	0.7	13	67	6.9	+3.3
IYR	iShares U.S. Real Estate ETF	0.7	40	40	7.0	+3.4
DESK	VanEck Office and Commercial REIT ETF	0.7	50	30	13.7	+10.2
JRE	Janus Henderson U.S. Real Estate ETF	0.7	65	15	5.6	+2.1
RITA	ETFB Green SRI REITs ETF	0.7	50	30	5.5	+1.9
DFGR	Dimensional Global Real Estate ETF	0.7	22	58	7.1	+3.5
RWO	SPDR Dow Jones Global Real Estate ETF	0.7	50	30	6.3	+2.8
FREL	Fidelity MSCI Real Estate Index ETF	0.7	8	72	7.1	+3.5
SCHH	Schwab U.S. REIT ETF	0.7	7	73	7.3	+3.7
FRI	First Trust S&P REIT Index Fund	0.7	50	30	6.5	+3.0
RWR	State Street SPDR Dow Jones REIT ETF	0.7	25	55	6.7	+3.1
ICF	iShares Cohen & Steers REIT ETF	0.7	33	47	7.4	+3.8
ERET	iShares Environmentally Aware Real Estate ETF	0.7	30	50	6.9	+3.3
PPTY	US Diversified Real Estate ETF	0.7	53	27	7.6	+4.0
USRT	iShares Core U.S. REIT ETF	0.7	8	72	7.0	+3.4
VGSR	Vert Global Sustainable Real Estate ETF	0.7	47	33	7.1	+3.5
EZM	WisdomTree U.S. MidCap Fund	0.7	38	42	7.8	+4.3
PSR	Invesco Active U.S. Real Estate Fund	0.7	35	45	7.1	+3.5
DFAR	Dimensional US Real Estate ETF	0.7	19	61	7.3	+3.7
GQRE	FlexShares Global Quality Real Estate Index Fund	0.7	45	35	7.4	+3.9
PRNT	3D Printing ETF	0.7	66	14	1.2	-2.4
MVPA	Miller Value Partners Appreciation ETF	0.7	60	20	9.0	+5.5
WCBR	WisdomTree Cybersecurity Fund	0.7	45	35	1.9	-1.7
TIIV	AAM Todd International Intrinsic Value ETF	0.7	54	26	9.3	+5.8
STCE	Schwab Crypto Thematic ETF	0.7	30	50	2.5	-1.0
PEJ	Invesco Leisure and Entertainment ETF	0.7	58	22	0.9	-2.7
KROP	Global X AgTech & Food Innovation ETF	0.7	50	30	5.9	+2.4
AESR	Anfield U.S. Equity Sector Rotation ETF	0.7	108	-28	2.9	-0.7
PXE	Invesco Energy Exploration & Production ETF	0.7	60	20	10.4	+6.8
IHI	iShares U.S. Medical Devices ETF	0.7	40	40	4.7	+1.1
FIW	First Trust Water ETF	0.7	53	27	5.1	+1.5
XHE	State Street SPDR S&P Health Care Equipment ETF	0.7	35	45	3.3	-0.3
MID	American Century Mid Cap Growth Impact ETF	0.6	45	35	3.0	-0.6
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	0.6	15	65	4.9	+1.3
FEOE	First Eagle Overseas Equity ETF	0.6	79	1	5.9	+2.3
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.6	39	41	1.1	-2.4
FESM	Fidelity Enhanced Small Cap ETF	0.6	28	52	2.2	-1.4
IHAK	iShares Cybersecurity & Tech ETF	0.6	47	33	3.3	-0.3
BUG	Global X Cybersecurity ETF	0.6	51	29	2.1	-1.4
SPAM	Themes Cybersecurity ETF	0.6	35	45	1.9	-1.7
DFAS	Dimensional U.S. Small Cap ETF	0.5	26	54	5.4	+1.8
EMLP	First Trust North American Energy Infrastructure Fund	0.5	95	-15	4.6	+1.0
PAVE	Global X U.S. Infrastructure Development ETF	0.5	47	33	4.4	+0.8
ASCE	Allspring SMID Core ETF	0.5	38	42	2.9	-0.7
SRVR	Pacer Data & Infrastructure Real Estate ETF	0.4	55	25	4.3	+0.7
KBWR	Invesco KBW Regional Banking ETF	0.4	35	45	8.5	+4.9
WSML	iShares MSCI World Small-Cap ETF	0.4	15	65	5.2	+1.6
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	0.4	17	63	4.8	+1.2
NIXT	Research Affiliates Deletions ETF	0.4	9	71	5.9	+2.4
XTN	State Street SPDR S&P Transportation ETF	0.4	35	45	3.5	-0.1
IYT	iShares US Transportation ETF	0.4	40	40	4.6	+1.0
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	0.3	20	60	5.5	+2.0
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.3	39	41	2.1	-1.4
ISCG	iShares Morningstar Small-Cap Growth ETF	0.3	6	74	2.7	-0.9
QCLN	First Trust Nasdaq Clean Edge Green Energy Index Fund	0.3	58	22	-2.0	-5.6
SMOG	VanEck Low Carbon Energy ETF	0.3	61	19	1.3	-2.3
PBW	Invesco WilderHill Clean Energy ETF	0.3	66	14	-3.2	-6.8
ACES	ALPS Clean Energy ETF	0.3	55	25	-2.9	-6.5
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.3	70	10	6.1	+2.5
FXZ	First Trust Materials AlphaDEX Fund	0.3	61	19	6.3	+2.8
IYM	iShares U.S. Basic Materials ETF	0.3	40	40	4.3	+0.8
BATT	Amplify Lithium & Battery Technology ETF	0.2	59	21	1.9	-1.7
BCOR	Grayscale Bitcoin Adopters ETF	0.2	59	21	1.7	-1.9
EV	Mast Global Battery Recycling & Production ETF	0.2	65	15	6.4	+2.8
CGRO	CoreValues Alpha Greater China Growth ETF	0.2	75	5	5.5	+1.9
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	0.2	72	8	2.5	-1.1
IDRV	iShares Self-driving EV & Tech ETF	0.2	47	33	1.5	-2.1
LIT	Global X Lithium & Battery Tech ETF	0.2	75	5	5.4	+1.8
SIMS	State Street SPDR S&P Kensho Intelligent Structures ETF	0.2	45	35	4.6	+1.1
FNY	First Trust Mid Cap Growth AlphaDEX Fund	0.2	70	10	2.2	-1.4
BCDF	Horizon Kinetics Blockchain Development ETF	0.2	85	-5	3.5	-0.0
DFSV	Dimensional US Small Cap Value ETF	0.1	31	49	8.3	+4.8
EVX	VanEck Environmental Services ETF	0.1	55	25	4.1	+0.5
IDU	iShares U.S. Utilities ETF	0.1	40	40	4.6	+1.1
CRPT	First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.1	85	-5	0.0	-3.6
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	0.1	25	55	7.5	+3.9
DSMC	Distillate Small/Mid Cash Flow ETF	0.1	55	25	9.9	+6.3
FINX	Global X FinTech ETF	0.1	68	12	2.7	-0.9
PBD	Invesco Global Clean Energy ETF	0.1	75	5	0.4	-3.2
SOLR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	0.1	79	1	3.7	+0.2
CTEC	Global X CleanTech ETF	0.1	50	30	-0.0	-3.6
ICLN	iShares Global Clean Energy ETF	0.1	41	39	2.1	-1.5
TAN	Invesco Solar ETF	0.1	67	13	5.4	+1.8
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.1	85	-5	2.6	-1.0
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	0.0	65	15	0.0	-3.6

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	**	**	**	**	**	**	**
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:	Rayliant Quantitative Developed Market Equity ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	26.6	%
Divided by: Fwd. P/BV	6.1	x
Less: Expense ratio	80	bp
Equals: ALTAR Score	3.6	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.52	CATEGORY AVERAGE	1.64

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.