Kelly Residential & Apartment Real Estate ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 AVOID
2022E    2023E
P/E
ratio		 17.2x P/Sales
ratio		 6.2x
P/BV
ratio		 1.8x Div.
yield		 3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RESI tracks a market-cap-weighted index of residential and apartment real estate companies from developed countries.

FUND BASICS
Category International Equities
Fund Sponsor Kelly Strategic Management LLC
Website kellyetfs.com/resi
Inception date Jan 12, 2022
Assets (mns) $1
Currency USD
Expense ratio 68 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $15,656
Large cap (>$10bn) 65.7%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 8.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INVITATION HOMES, INC. 8.2 %
AVALONBAY COMMUNITIES INC 7.9 %
EQUITY RESIDENTIAL 7.5 %
ESSEX PROPERTY TRUST INC 7.1 %
MID-AMERICA APARTMENT COMM 7.1 %
SUN COMMUNITIES INC 6.9 %
AMERICAN HOMES 4 RENT- A 5.0 %
CANADIAN APARTMENT PROPERTIES REAL 4.6 %
EQUITY LIFESTYLE PROPERTIES 4.4 %
UDR INC 4.3 %
Total 62.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.6 %
CANADA 16.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% -19.5% -- -- -17.6%

Market Correlations
versus... Beta R-squared
S&P500 0.72 52%
MSCI EAFE 0.74 52%
MSCI Emg. Mkts. 0.50 25%

Technical Indicators
Recent close $10.06
30d moving avg. $10.37
Annualized volatility 22.5%
Short interest (ETF) 0.5%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 2.0%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $1,222

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 378 potential alternatives to the Kelly Residential & Apartment Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with RESI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RESI Expense: 68 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RESI
Ticker Fund
Name		 Overlap1
vs RESI
(%)		 Expense
ratio
(bp)		 Savings
vs RESI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RESI
(%)
HAUS Home Appreciation U.S. REIT ETF 68.6 60 8 6.6 +1.3
NURE Nuveen Short-Term REIT ETF 56.7 35 33 6.1 +0.8
REZ iShares Residential Real Estate Capped ETF 48.9 48 20 6.5 +1.2
RITA ETFB Green SRI REITs ETF 26.3 50 18 5.2 -0.2
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 24.2 40 28 7.7 +2.4
SPRE SP Funds S&P Global REIT Sharia ETF 23.9 69 -1 5.2 -0.1
PPTY PPTY-U.S. Diversified Real Estate ETF 23.2 49 19 7.7 +2.4
HOMZ Hoya Capital Housing ETF 20.0 30 38 10.0 +4.7
RWR SPDR Dow Jones REIT ETF 19.8 25 43 7.6 +2.3
ROOF IQ US Real Estate Small Cap ETF 19.4 60 8 5.3 +0.0
ICF iShares Cohen & Steers REIT ETF 19.1 32 36 7.2 +1.9
FPRO Fidelity Real Estate Investment ETF 19.1 59 9 6.1 +0.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 18.6 11 57 7.8 +2.5
USRT iShares Core U.S. REIT ETF 18.4 8 60 7.9 +2.6
FRI First Trust S&P REIT Index Fund 18.3 50 18 7.4 +2.1
JPRE JPMorgan Realty Income ETF 17.7 50 18 7.2 +1.9
PSR Invesco Active U.S. Real Estate Fund 15.7 35 33 8.5 +3.2
DFAR Dimensional US Real Estate ETF 15.6 19 49 7.7 +2.4
SCHH Schwab U.S. REIT ETF 15.2 7 61 7.7 +2.4
FREL Fidelity MSCI Real Estate Index ETF 14.6 84 -16 6.9 +1.6
IYR iShares U.S. Real Estate ETF 14.2 39 29 7.4 +2.1
XLRE The Real Estate Select Sector SPDR Fund 14.1 10 58 7.3 +2.0
REET iShares Global REIT ETF 14.1 14 54 7.5 +2.2
RWO SPDR Dow Jones Global Real Estate ETF 14.1 50 18 7.2 +1.9
ERET iShares Environmentally Aware Real Estate ETF 13.8 30 38 7.7 +2.4
VNQ Vanguard REIT Index Fund 12.6 12 56 7.7 +2.4
JRE Janus Henderson U.S. Real Estate ETF 12.1 65 3 5.6 +0.3
GQRE FlexShares Global Quality Real Estate Index Fund 12.1 45 23 8.2 +2.9
AVRE Avantis Real Estate ETF 11.7 17 51 6.7 +1.4
IVRA Invesco Real Assets ESG ETF 11.2 59 9 7.3 +2.0
DFGR Dimensional Global Real Estate ETF 10.6 22 46 7.3 +2.0
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 8.8 75 -7 3.6 -1.8
MILN Global X Millennial Consumer ETF 8.6 50 18 2.9 -2.4
CZA Invesco Zacks Mid-Cap ETF 7.9 69 -1 7.9 +2.6
VRAI Virtus Real Asset Income ETF 6.7 55 13 8.5 +3.2
DIP BTD Capital Fund 6.4 129 -61 8.2 +2.9
LGLV SPDR Russell 1000 Low Volatility ETF 5.8 12 56 6.3 +1.0
RDOG ALPS REIT Dividend Dogs ETF 5.7 35 33 13.6 +8.3
SPYD SPDR S&P 500 High Dividend ETF 5.7 7 61 11.5 +6.2
CSD Invesco S&P Spin-Off ETF 4.3 65 3 7.1 +1.8
BOSS Global X Founder-Run Companies ETF 3.9 45 23 3.3 -2.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 3.8 35 33 18.9 +13.6
BIBL Inspire ETF 3.5 35 33 6.0 +0.7
GDIV Harbor Dividend Growth Leaders ETF 3.4 50 18 7.3 +2.0
VOE Vanguard Mid-Cap Value Index Fund 3.2 7 61 9.0 +3.7
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 3.2 69 -1 8.1 +2.8
UDI USCF Dividend Income Fund 2.9 65 3 9.2 +3.9
IMCG iShares Morningstar Mid-Cap Growth ETF 2.8 6 62 5.3 +0.0
IWS iShares Russell Mid-Cap Value ETF 2.6 23 45 7.8 +2.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.6 65 3 6.4 +1.1
FLDZ RiverNorth Volition America Patriot ETF 2.4 70 -2 7.0 +1.7
VO Vanguard Mid-Cap Index Fund 2.4 4 64 7.0 +1.7
PSCF Invesco S&P SmallCap Financials ETF 2.3 29 39 12.2 +6.9
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.2 15 53 7.7 +2.4
RFFC RiverFront Dynamic US Flex-Cap ETF 2.2 52 16 7.7 +2.4
IFGL iShares International Developed Real Estate ETF 2.2 48 20 8.1 +2.8
WCEO Hypatia Women CEO ETF 2.2 85 -17 6.5 +1.2
QDF FlexShares Quality Dividend Index Fund 2.1 37 31 8.4 +3.1
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.1 60 8 12.1 +6.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 2.1 30 38 9.8 +4.5
IMCB iShares Morningstar Mid-Cap ETF 2.1 4 64 7.3 +2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.1 4 64 7.2 +1.9
BLES Inspire Global Hope Large Cap ETF 2.0 49 19 7.7 +2.4
DON WisdomTree U.S. MidCap Dividend Fund 1.9 38 30 10.3 +5.0
YPS Arrow Reverse Cap 500 ETF 1.8 29 39 7.1 +1.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.8 9 59 7.2 +1.9
RIET Hoya Capital High Dividend Yield ETF 1.8 50 18 13.4 +8.1
IWR iShares Russell Midcap ETF 1.7 18 50 6.7 +1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 1.7 37 31 7.9 +2.6
XSLV Invesco S&P SmallCap Low Volatility ETF 1.7 25 43 8.5 +3.2
ETHO Etho Climate Leadership U.S. ETF 1.7 47 21 5.7 +0.4
YLDE ClearBridge Dividend Strategy ESG ETF 1.6 59 9 6.3 +1.0
SIZE iShares MSCI USA Size Factor ETF 1.6 15 53 7.0 +1.7
EUSA iShares MSCI USA Equal Weighted ETF 1.6 9 59 7.2 +1.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.6 52 16 8.1 +2.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.5 80 -12 7.4 +2.1
SDY SPDR S&P Dividend ETF 1.5 35 33 7.4 +2.1
EQAL Invesco Russell 1000 Equal Weight ETF 1.5 20 48 7.3 +2.0
HAUZ Xtrackers International Real Estate ETF 1.5 10 58 9.3 +4.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 33 6.9 +1.6
VOT Vanguard Mid-Cap Growth Index Fund 1.5 7 61 5.2 -0.1
SCHM Schwab U.S. Mid-Cap ETF 1.5 4 64 6.8 +1.5
ECOZ TrueMark ESG Active Opportunities ETF 1.4 58 10 5.2 -0.1
RSP Invesco S&P 500 Equal Weight ETF 1.4 20 48 7.4 +2.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.4 60 8 8.8 +3.5
BLDG Cambria Global Real Estate ETF 1.4 59 9 10.0 +4.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.3 30 38 9.1 +3.8
UPWD JPMorgan Social Advancement ETF 1.3 49 19 6.4 +1.1
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 43 7.9 +2.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.3 6 62 9.5 +4.2
LVOL American Century Low Volatility ETF 1.3 29 39 6.5 +1.2
VBK Vanguard Small-Cap Growth Index Fund 1.3 7 61 1.6 -3.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.2 20 48 8.7 +3.4
ONEY SPDR Russell 1000 Yield Focus ETF 1.2 20 48 11.2 +5.9
RWX SPDR Dow Jones International Real Estate ETF 1.2 59 9 6.9 +1.6
LVHD Legg Mason Low Volatility High Dividend ETF 1.2 27 41 8.6 +3.3
WPS iShares International Developed Property ETF 1.2 48 20 8.1 +2.8
SFYX Sofi Next 500 ETF 1.1 0 68 7.0 +1.7
XMHQ Invesco S&P MidCap Quality ETF 1.1 25 43 9.6 +4.3
JHMM John Hancock Multifactor Mid Cap ETF 1.1 41 27 8.1 +2.8
ZECP Zacks Earnings Consistent Portfolio ETF 1.1 55 13 6.5 +1.2
FDWM Fidelity Women's Leadership ETF 1.1 59 9 6.2 +0.9
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 1.1 20 48 6.9 +1.6
CLRG IQ Chaikin U.S. Large Cap ETF 1.0 25 43 7.4 +2.1
VEGN US Vegan Climate ETF 1.0 60 8 5.7 +0.4
ERSX ERShares NextGen Entrepreneurs ETF 1.0 75 -7 6.8 +1.5
FTA First Trust Large Cap Value AlphaDEX Fund 1.0 59 9 11.3 +6.0
DEF Invesco Defensive Equity ETF 0.9 55 13 7.3 +2.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.9 10 58 6.6 +1.3
FUNL CornerCap Fundametrics Large-Cap ETF 0.9 50 18 9.0 +3.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 56 10.3 +5.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.9 10 58 6.0 +0.7
VXF Vanguard Extended Market Index Fund 0.9 6 62 4.3 -1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 0.9 18 50 10.0 +4.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.9 15 53 9.9 +4.6
MDYV SPDR S&P 400 Mid Cap Value ETF 0.9 15 53 9.9 +4.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -12 9.4 +4.1
IWN iShares Russell 2000 Value ETF 0.9 23 45 6.7 +1.4
IWD iShares Russell 1000 Value ETF 0.9 18 50 7.9 +2.6
VONV Vanguard Russell 1000 Value Index Fund 0.9 8 60 8.0 +2.7
VTWV Vanguard Russell 2000 Value Index Fund 0.9 15 53 5.9 +0.6
SCHV Schwab U.S. Large-Cap Value ETF 0.8 4 64 8.0 +2.7
PY Principal Shareholder Yield Index ETF 0.8 15 53 8.5 +3.2
RNLC Large Cap US Equity Select ETF 0.8 60 8 8.0 +2.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.8 12 56 8.7 +3.4
BRNY Burney U.S. Factor Rotation ETF 0.8 79 -11 8.8 +3.5
SSPY Syntax Stratified LargeCap ETF 0.8 30 38 7.7 +2.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.8 25 43 7.0 +1.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.8 10 58 5.9 +0.6
JAVA JPMorgan Active Value ETF 0.8 44 24 7.2 +1.9
VB Vanguard Small-Cap ETF 0.8 5 63 6.3 +1.0
SIXL 6 Meridian Low Beta Equity Strategy ETF 0.8 82 -14 6.9 +1.6
RNDV US Equity Dividend Select ETF 0.8 50 18 11.0 +5.7
SLYV SPDR S&P 600 Small Cap Value ETF 0.8 15 53 9.9 +4.6
IJS iShares S&P Small-cap 600 Value ETF 0.8 18 50 9.9 +4.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 15 53 9.9 +4.6
IUSV iShares Core S&P U.S. Value ETF 0.8 4 64 7.3 +2.0
WTV WisdomTree US Value Fund 0.7 12 56 9.8 +4.5
VOOV Vanguard S&P 500 Value ETF 0.7 10 58 7.1 +1.8
IVE iShares S&P 500 Value ETF 0.7 18 50 6.9 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 64 7.1 +1.8
SMMD iShares Russell 2500 ETF 0.7 15 53 6.6 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 44 9.6 +4.3
FDLO Fidelity Low Volatility Factor ETF 0.7 29 39 6.2 +0.9
DWX SPDR S&P International Dividend ETF 0.7 45 23 8.8 +3.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 61 6.2 +0.9
ISCV iShares Morningstar Small Cap Value ETF 0.7 6 62 9.0 +3.7
MAGA Point Bridge GOP Stock Tracker ETF 0.7 72 -4 7.2 +1.9
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 9 7.9 +2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.7 69 -1 12.1 +6.8
NUMV Nuveen ESG Mid-Cap Value ETF 0.7 30 38 9.9 +4.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 29 4.4 -0.9
JEPI JPMorgan Equity Premium Income ETF 0.6 35 33 6.3 +1.0
SNPV Xtrackers S&P ESG Value ETF 0.6 15 53 7.9 +2.6
ISMD Inspire Small/Mid Cap Impact ETF 0.6 48 20 6.2 +0.9
DTD WisdomTree U.S.Total Dividend Fund 0.6 28 40 8.1 +2.8
RNMC Mid Cap US Equity Select ETF 0.6 60 8 9.3 +4.0
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 0.6 15 53 7.6 +2.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.6 28 40 7.8 +2.5
DHS WisdomTree U.S. High Dividend Fund 0.6 38 30 10.6 +5.3
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -2 13.6 +8.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.6 9 59 7.1 +1.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 70 -2 2.2 -3.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.6 15 53 6.0 +0.7
WKLY SoFi Weekly Dividend ETF 0.6 49 19 9.3 +4.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 56 8.1 +2.8
STLV iShares Factors US Value Style ETF 0.6 25 43 11.0 +5.7
ILCG iShares Morningstar Growth ETF 0.6 4 64 5.1 -0.2
FSMD Fidelity Small-Mid Factor ETF 0.6 29 39 8.6 +3.3
ICAP InfraCap Equity Income Fund ETF 0.6 80 -12 11.6 +6.3
DEW WisdomTree Global High Dividend Fund 0.6 58 10 11.0 +5.7
JHML John Hancock Multifactor Large Cap ETF 0.6 29 39 6.9 +1.6
USMF WisdomTree U.S. Multifactor Fund 0.6 28 40 8.9 +3.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 8 6.4 +1.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 56 8.9 +3.6
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.6 15 53 8.8 +3.5
GRNR Global X Green Building ETF 0.5 45 23 8.1 +2.8
VTV Vanguard Value Index Fund 0.5 4 64 8.5 +3.2
AFLG First Trust Active Factor Large Cap ETF 0.5 55 13 8.0 +2.7
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 59 6.2 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 48 6.2 +0.9
IJR iShares Core S&P Small Cap ETF 0.5 6 62 8.6 +3.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 5 63 8.6 +3.3
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 58 8.6 +3.3
SLY SPDR S&P 600 Small Cap ETF 0.5 15 53 8.5 +3.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.5 40 28 8.6 +3.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.5 17 51 8.7 +3.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 27 41 6.9 +1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 50 9.3 +4.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 48 8.4 +3.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.5 12 56 8.6 +3.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.5 15 53 8.8 +3.5
ISCB iShares Morningstar Small-Cap ETF 0.5 4 64 5.5 +0.2
SMDY Syntax Stratified MidCap ETF 0.5 35 33 8.5 +3.2
IWM iShares Russell 2000 ETF 0.5 19 49 4.7 -0.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 39 8.8 +3.5
VTWO Vanguard Russell 2000 Index Fund 0.5 10 58 4.4 -0.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 59 5.0 -0.3
SDG iShares Sustainable MSCI Global Impact ETF 0.5 49 19 7.1 +1.8
SHE SPDR SSGA Gender Diversity Index ETF 0.4 20 48 6.4 +1.1
MDY SPDR S&P Midcap 400 ETF Trust 0.4 22 46 8.5 +3.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.4 25 43 10.4 +5.1
HDUS Hartford Disciplined US Equity ETF 0.4 19 49 7.5 +2.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.4 30 38 6.4 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 29 8.3 +3.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 49 19 5.8 +0.5
SCHX Schwab U.S. Large-Cap ETF 0.4 3 65 6.3 +1.0
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 64 6.4 +1.1
IJH iShares Core S&P Mid-Cap ETF 0.4 5 63 8.7 +3.4
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 0.4 127 -59 4.4 -0.9
VTHR Vanguard Russell 3000 Index Fund 0.4 10 58 6.2 +0.9
IWV iShares Russell 3000 ETF 0.4 20 48 6.1 +0.8
VTI Vanguard Total Stock Market Index Fund 0.4 3 65 6.1 +0.8
STXG Strive 1000 Growth ETF 0.4 18 50 5.4 +0.1
IWB iShares Russell 1000 ETF 0.4 15 53 6.2 +0.9
VONE Vanguard Russell 1000 ETF 0.4 8 60 6.3 +1.0
SCHK Schwab 1000 Index ETF 0.4 5 63 6.4 +1.1
SPMD SPDR Portfolio Mid Cap ETF 0.4 5 63 8.7 +3.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 10 58 8.6 +3.3
LRGF iShares Edge MSCI Multifactor USA ETF 0.4 8 60 7.5 +2.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 0.4 37 31 9.2 +3.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 65 6.2 +0.9
SCHB Schwab U.S. Broad Market ETF 0.4 3 65 6.3 +1.0
IQSU IQ Candriam ESG US Equity ETF 0.4 9 59 5.9 +0.6
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 65 6.4 +1.1
IYY iShares Dow Jones U.S. ETF 0.4 20 48 6.2 +0.9
VBR Vanguard Small Cap Value Index Fund 0.4 7 61 9.7 +4.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 11 57 6.3 +1.0
CSML IQ Chaikin U.S. Small Cap ETF 0.4 35 33 7.1 +1.8
REVS Columbia Research Enhanced Value ETF 0.4 19 49 9.5 +4.2
STXV Strive 1000 Value ETF 0.4 18 50 9.2 +3.9
DIVB iShares Core Dividend 0.4 5 63 9.5 +4.2
JQUA JPMorgan U.S. Quality Factor ETF 0.4 12 56 7.0 +1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.4 6 62 5.9 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 66 6.4 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 27 41 5.9 +0.6
SCHC Schwab International Small-Cap Equity ETF 0.4 11 57 6.3 +1.0
QUAL iShares MSCI Usa Quality Factor ETF 0.4 15 53 7.5 +2.2
VV Vanguard Large-Cap Index Fund 0.4 4 64 6.3 +1.0
QLV FlexShares US Quality Low Volatility Index Fund 0.4 22 46 6.3 +1.0
EZM WisdomTree U.S. MidCap Earnings Fund 0.4 38 30 11.9 +6.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.4 24 44 9.2 +3.9
XVV iShares ESG Screened S&P 500 ETF 0.4 8 60 6.4 +1.1
STRV Strive 500 ETF 0.4 5 63 6.3 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 56 9.0 +3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 59 9 8.8 +3.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 61 6.6 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -7 6.0 +0.7
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 26 7.5 +2.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.4 27 41 6.2 +0.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 29 7.9 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 64 6.4 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 39 6.2 +0.9
GDEF Goldman Sachs Defensive Equity ETF 0.4 55 13 5.7 +0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 53 9.5 +4.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 48 6.3 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 48 9.2 +3.9
SPTM SPDR Portfolio Total Stock Market ETF 0.3 3 65 6.7 +1.4
IVV iShares Core S&P 500 ETF 0.3 3 65 6.5 +1.2
VOO VANGUARD S&P 500 ETF 0.3 3 65 6.5 +1.2
SPY SPDR S&P 500 ETF Trust 0.3 9 59 6.4 +1.1
SPLG SPDR Portfolio S&P 500 ETF 0.3 3 65 6.5 +1.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 53 8.9 +3.6
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 58 6.1 +0.8
SCHA Schwab U.S. Small-Cap ETF 0.3 4 64 5.9 +0.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 62 2.1 -3.2
PFM Invesco Dividend Achievers ETF 0.3 53 15 6.8 +1.5
GWX SPDR S&P International Small Cap ETF 0.3 40 28 6.2 +0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 43 7.0 +1.7
TOK iShares MSCI Kokusai ETF 0.3 25 43 6.7 +1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 39 8.7 +3.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 59 6.9 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 61 6.3 +1.0
GENY Principal Millennials Index ETF 0.3 45 23 7.5 +2.2
VOTE Engine No. 1 Transform 500 ETF 0.3 5 63 6.2 +0.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 19 6.0 +0.7
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.3 17 51 6.5 +1.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 57 6.9 +1.6
DSI iShares MSCI KLD 400 Social ETF 0.3 25 43 6.4 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 0.3 8 60 7.9 +2.6
STXD Strive 1000 Dividend Growth ETF 0.3 35 33 6.8 +1.5
RNSC Small Cap US Equity Select ETF 0.3 60 8 9.6 +4.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 61 6.3 +1.0
URTH iShares MSCI World ETF 0.3 24 44 6.8 +1.5
EES WisdomTree SmallCap Earnings Fund 0.3 38 30 13.3 +8.0
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 30 10.5 +5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 56 6.5 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.3 25 43 8.2 +2.9
SFY SoFi Select 500 ETF 0.3 0 68 6.6 +1.3
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 58 6.5 +1.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.3 18 50 7.4 +2.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.3 15 53 7.3 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 7 8.8 +3.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 59 6.8 +1.5
VT Vanguard Total World Stock ETF 0.3 7 61 7.1 +1.8
ACWI iShares MSCI ACWI ETF 0.3 32 36 7.0 +1.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.3 15 53 7.4 +2.1
VALQ American Century STOXX U.S. Quality Value ETF 0.3 29 39 10.5 +5.2
SSLY Syntax Stratified SmallCap ETF 0.3 35 33 7.8 +2.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 19 6.2 +0.9
ILCV iShares Morningstar Value ETF 0.3 4 64 8.2 +2.9
VUG Vanguard Growth Index Fund 0.3 4 64 5.1 -0.2
IWC iShares Micro-Cap ETF 0.3 60 8 -4.5 -9.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.2 25 43 8.2 +2.9
RVRB Reverb ETF 0.2 30 38 6.3 +1.0
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 39 8.7 +3.4
ROSC Hartford Multifactor Small Cap ETF 0.2 34 34 12.3 +7.0
FMIL Fidelity New Millennium ETF 0.2 59 9 6.6 +1.3
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 45 5.4 +0.1
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.2 15 53 6.4 +1.1
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.2 19 49 8.9 +3.6
STXK Strive Small-Cap ETF 0.2 18 50 5.7 +0.4
NUSC Nuveen ESG Small-Cap ETF 0.2 30 38 5.9 +0.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 -7 5.2 -0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.2 17 51 6.0 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 56 6.9 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 0.2 32 36 6.3 +1.0
FQAL Fidelity Quality Factor ETF 0.2 29 39 7.4 +2.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 63 5 3.9 -1.5
GSPY Gotham Enhanced 500 ETF 0.2 50 18 6.8 +1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 48 7.3 +2.0
HAPI Harbor Corporate Culture ETF 0.2 36 32 5.9 +0.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.2 35 33 9.0 +3.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 29 6.8 +1.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 54 6.3 +1.0
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 56 10.1 +4.8
EWC iShares MSCI Canada ETF 0.2 50 18 8.6 +3.3
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 49 8.8 +3.5
GVLU Gotham 1000 Value ETF 0.2 50 18 11.6 +6.3
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 9 5.0 -0.3
ACVF American Conservative Values ETF 0.2 75 -7 5.6 +0.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.1 20 48 6.6 +1.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 50 8.5 +3.2
RECS Columbia Research Enhanced Core ETF 0.1 15 53 7.5 +2.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.1 42 26 6.9 +1.6
RESP WisdomTree US ESG Fund of Benef Interest 0.1 28 40 7.5 +2.2
IWO iShares Russell 2000 Growth ETF 0.1 23 45 3.0 -2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 39 10.3 +5.0
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 53 3.1 -2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 0.1 30 38 7.3 +2.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.1 39 29 14.9 +9.6
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 50 6.0 +0.7
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 19 7.2 +1.9
HKND Humankind US Stock ETF 0.1 11 57 8.2 +2.9
VDNI V-Shares US Leadership Diversity ETF 0.1 29 39 6.5 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 53 7.0 +1.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 29 11.3 +6.0
ESGU iShares MSCI USA ESG Optimized ETF 0.1 15 53 6.4 +1.1
RWL Invesco S&P 500 Revenue ETF 0.1 39 29 7.9 +2.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 38 7.4 +2.1
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 8 5.3 -0.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 29 10.5 +5.2
VSGX Vanguard ESG International Stock ETF 0.1 12 56 7.8 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 64 7.9 +2.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 63 8.0 +2.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 56 6.3 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 0.0 8 60 5.7 +0.4
IWF iShares Russell 1000 Growth ETF 0.0 18 50 5.6 +0.3
IXUS ishares Core MSCI Total International Stock ETF 0.0 7 61 8.1 +2.8
VXUS Vanguard Total International Stock ETF 0.0 7 61 8.2 +2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 23 9.6 +4.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 29 8.6 +3.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 43 8.8 +3.5
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -7 6.7 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 29 8.7 +3.4
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.0 40 28 8.9 +3.6
QLC FlexShares US Quality Large Cap Index Fund 0.0 25 43 7.2 +1.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 45 8.3 +3.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 36 8.2 +2.9
PXUS Principal International Adaptive Multi-Factor ETF 0.0 24 44 7.5 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 44 7.3 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 27 8.0 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 64 7.7 +2.4
DFIS Dimensional International Small Cap ETF 0.0 39 29 6.7 +1.4
AVDE Avantis International Equity ETF 0.0 23 45 9.4 +4.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 50 7.9 +2.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 31 37 8.8 +3.5
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 38 8.1 +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

  2017 2018 2019 2020 2021 2022E 2023E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2021 2022E 2023E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Kelly Residential & Apartment Real Estate 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 10.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.52
 
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.