Invesco S&P Smallcap 600 Pure Value ETF
ALTAR
Score™		 13.5% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 12.3x P/Sales
ratio		 0.3x
P/BV
ratio		 0.8x Div.
yield		 2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Smallcap 600 Pure Value ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before expenses, the performance of the S&P Smallcap 600/Citigroup Pure Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Security Investors LLC
Website guggenheiminvestments.com
Inception date Mar 01, 2006
Assets (mns) $233
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 137
Wgt avg mkt cap (mns) $1,721
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 37.2%
Small cap (<$2bn) 60.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SKYWEST INC 3.4 %
M/I HOMES INC 2.9 %
G-III APPAREL GROUP LTD 2.6 %
TELEPHONE AND DATA SYSTEMS, INC. 2.3 %
OLYMPIC STEEL INC 1.9 %
CENTURY COMMUNITIES INC 1.7 %
ABERCROMBIE & FITCH CO-CL A 1.7 %
TRI POINTE HOMES INC 1.7 %
GENWORTH FINANCIAL INC-CL A 1.7 %
KELLY SERVICES INC -CL A 1.6 %
Total 21.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
BERMUDA 1.4 %
BRITAIN 0.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.8% 12.8% 5.0% 7.6% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.16 56%
MSCI EAFE 1.17 60%
MSCI Emg. Mkts. 0.87 32%

Technical Indicators
Recent close $91.42
30d moving avg. $95.01
Annualized volatility 27.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.4%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $1,011

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 447 potential alternatives to the Invesco S&P Smallcap 600 Pure Value ETF ETF based on the alternatives' overlap in portfolio holdings with RZV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RZV Expense: 35 bp ALTAR Score™: 13.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RZV
Ticker Fund
Name		 Overlap1
vs RZV
(%)		 Expense
ratio
(bp)		 Savings
vs RZV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RZV
(%)
XSVM Invesco S&P SmallCap Value with Momentum ETF 39.8 39 -4 12.1 -1.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 38.6 39 -4 11.8 -1.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 33.9 15 20 10.0 -3.5
IJS iShares S&P Small-cap 600 Value ETF 33.7 18 17 10.1 -3.4
SLYV SPDR S&P 600 Small Cap Value ETF 33.7 15 20 10.1 -3.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 24.8 30 5 13.7 +0.2
CALF Pacer US Small Cap Cash Cows 100 ETF 24.7 59 -24 12.9 -0.5
SSLY Syntax Stratified SmallCap ETF 24.3 40 -5 8.1 -5.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 24.3 47 -12 10.0 -3.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 22.1 19 16 8.5 -4.9
FYT First Trust Small Cap Value AlphaDEX Fund 21.6 73 -38 11.9 -1.5
EES WisdomTree SmallCap Earnings Fund 20.8 38 -3 12.5 -1.0
ESIX SPDR S&P SmallCap 600 ESG ETF 18.6 12 23 8.6 -4.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 18.4 15 20 8.5 -5.0
SIXS 6 Meridian Small Cap Equity ETF 18.3 89 -54 8.6 -4.8
XJR iShares ESG Screened S&P Small-Cap ETF 18.1 12 23 7.9 -5.6
SMLE Xtrackers S&P SmallCap 600 ESG ETF 17.3 15 20 8.5 -4.9
VIOO Vanguard S&P Small-Cap 600 ETF 17.3 10 25 8.5 -5.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 17.2 3 32 8.6 -4.8
IJR iShares Core S&P Small Cap ETF 17.2 6 29 8.5 -5.0
VAMO Cambria Value & Momentum ETF 15.7 64 -29 11.5 -2.0
SVAL iShares US Small Cap Value Factor ETF 15.5 20 15 11.7 -1.7
FYX First Trust Small Cap Core AlphaDEX Fund 15.1 61 -26 8.4 -5.1
AVUV Avantis U.S. Small Cap Value ETF 14.6 25 10 10.6 -2.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 14.6 39 -4 10.0 -3.4
PSCI Invesco S&P SmallCap Industrials ETF 14.2 29 6 7.7 -5.7
AVSC Avantis U.S Small Cap Equity ETF 13.5 25 10 5.4 -8.1
DEEP Roundhill Acquirers Deep Value ETF 13.3 80 -45 17.9 +4.4
DFSV Dimensional US Small Cap Value ETF 13.1 31 4 9.6 -3.9
ROSC Hartford Multifactor Small Cap ETF 12.9 34 1 11.3 -2.1
DES WisdomTree U.S. SmallCap Dividend Fund 12.6 38 -3 9.8 -3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.5 29 6 8.4 -5.1
PSCF Invesco S&P SmallCap Financials ETF 12.3 29 6 11.5 -2.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 12.2 59 -24 8.3 -5.2
VTWV Vanguard Russell 2000 Value Index Fund 12.1 15 20 7.0 -6.4
IWN iShares Russell 2000 Value ETF 12.0 24 11 7.0 -6.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 11.8 25 10 6.9 -6.6
RNSC Small Cap US Equity Select ETF 11.7 60 -25 8.9 -4.5
XRT SPDR S&P Retail ETF 11.3 35 0 10.1 -3.4
SQLV Legg Mason Small-Cap Quality Value 11.1 60 -25 10.4 -3.1
AFSM First Trust Active Factor Small Cap ETF 10.9 77 -42 9.8 -3.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.6 38 -3 11.0 -2.4
DFAT Dimensional U.S. Targeted Value ETF 10.4 28 7 9.4 -4.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 10.3 25 10 10.0 -3.5
DSMC Distillate Small/Mid Cash Flow ETF 9.9 55 -20 12.3 -1.2
CSML IQ Chaikin U.S. Small Cap ETF 9.8 35 0 6.8 -6.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.6 35 0 8.8 -4.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 9.3 20 15 7.5 -5.9
XSHQ Invesco S&P SmallCap Quality ETF 9.3 30 5 10.5 -2.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 5 11.6 -1.8
ISMD Inspire Small/Mid Cap Impact ETF 9.1 54 -19 5.6 -7.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.1 35 0 9.5 -4.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 9.0 9 26 5.2 -8.3
HOMZ Hoya Capital Housing ETF 8.9 30 5 9.5 -3.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.6 39 -4 4.8 -8.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 8.2 35 0 8.6 -4.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 8.2 37 -2 8.6 -4.9
TPSC Timothy Plan US Small Cap Core ETF 8.2 52 -17 8.6 -4.9
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 8.0 60 -25 4.3 -9.1
PKB Invesco Dynamic Building & Construction ETF 8.0 60 -25 12.2 -1.3
WCEO Hypatia Women CEO ETF 8.0 85 -50 6.3 -7.2
ISCV iShares Morningstar Small Cap Value ETF 7.7 6 29 9.1 -4.4
VFVA Vanguard U.S. Value Factor ETF 7.5 13 22 11.5 -1.9
PSCU Invesco S&P SmallCap Utilities ETF 7.4 29 6 8.5 -5.0
XSMO Invesco S&P SmallCap Momentum ETF 7.2 39 -4 6.1 -7.3
IWM iShares Russell 2000 ETF 7.0 19 16 4.6 -8.9
FDM First Trust Dow Jones Select Microcap Index Fund 7.0 60 -25 7.6 -5.8
VTWO Vanguard Russell 2000 Index Fund 6.9 10 25 4.6 -8.9
DFAS Dimensional U.S. Small Cap ETF 6.6 26 9 6.9 -6.6
IWC iShares Micro-Cap ETF 6.5 60 -25 -3.9 -17.3
VFMF Vanguard U.S. Multifactor ETF 6.5 18 17 9.5 -3.9
SMCP AlphaMark Actively Managed Small Cap ETF 6.4 90 -55 0.0 -13.5
PSC Principal U.S. Small Cap Index ETF 6.4 38 -3 8.6 -4.9
FAB First Trust Multi Cap Value AlphaDEX Fund 6.2 67 -32 11.0 -2.4
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 6.1 125 -90 0.7 -12.8
PSCM Invesco S&P SmallCap Materials ETF 6.0 29 6 8.1 -5.4
ITB iShares U.S. Home Construction ETF 5.8 40 -5 13.3 -0.2
QVAL Alpha Architect U.S. Quantitative Value ETF 5.7 39 -4 11.1 -2.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 5.5 24 11 8.9 -4.5
XSLV Invesco S&P SmallCap Low Volatility ETF 5.5 25 10 7.2 -6.3
DWAS Invesco DWA SmallCap Momentum ETF 5.4 60 -25 1.4 -12.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.3 39 -4 6.1 -7.3
NUSC Nuveen ESG Small-Cap ETF 5.2 31 4 6.2 -7.2
PSCT Invesco S&P SmallCap Information Technology ETF 5.2 29 6 6.6 -6.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.0 17 18 6.3 -7.2
XTN SPDR S&P Transportation ETF 4.8 35 0 3.0 -10.5
VBR Vanguard Small Cap Value Index Fund 4.8 7 28 9.2 -4.2
SCHA Schwab U.S. Small-Cap ETF 4.8 4 31 5.6 -7.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 4.7 15 20 6.2 -7.2
ISCB iShares Morningstar Small-Cap ETF 4.5 4 31 5.9 -7.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 4.5 12 23 8.5 -5.0
PSCE Invesco S&P SmallCap Energy ETF 4.3 29 6 4.6 -8.8
XHB SPDR S&P Homebuilders ETF 4.3 35 0 11.2 -2.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.2 60 -25 11.3 -2.1
AFMC First Trust Active Factor Mid Cap ETF 4.1 65 -30 9.7 -3.7
SMDV ProShares Russell 2000 Dividend Growers ETF 4.1 40 -5 7.9 -5.5
SIXL 6 Meridian Low Beta Equity Strategy ETF 4.0 80 -45 6.0 -7.5
FSMD Fidelity Small-Mid Factor ETF 4.0 29 6 8.3 -5.2
XTL SPDR S&P Telecom ETF 3.9 35 0 10.0 -3.5
STXK Strive Small-Cap ETF 3.8 18 17 5.8 -7.7
ECML Euclidean Fundamental Value ETF 3.7 95 -60 16.0 +2.6
JETS US Global Jets ETF 3.6 60 -25 -12.0 -25.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 3.5 60 -25 7.8 -5.7
NVQ QRAFT AI-Enhanced US Next Value ETF 3.5 75 -40 10.9 -2.6
CGV Conductor Global Equity Value ETF 3.4 130 -95 10.6 -2.8
FNK First Trust Mid Cap Value AlphaDEX Fund 3.2 70 -35 12.3 -1.1
PEY Invesco High Yield Equity Dividend Achievers ETF 3.1 53 -18 9.3 -4.1
WGRO WisdomTree U.S. Growth & Momentum Fund 3.1 55 -20 7.3 -6.2
PSCC Invesco S&P SmallCap Consumer Staples ETF 3.1 29 6 5.9 -7.5
IFRA iShares U.S. Infrastructure ETF 3.1 30 5 6.4 -7.0
JSML Janus Henderson Small Cap Growth Alpha ETF 3.0 30 5 11.3 -2.1
VFMO Vanguard U.S. Momentum Factor ETF 3.0 13 22 2.7 -10.7
GRNR Global X Green Building ETF 3.0 45 -10 7.4 -6.1
ZIG The Acquirers Fund 3.0 84 -49 19.0 +5.5
QQQS Invesco NASDAQ Future Gen 200 ETF 2.9 20 15 -11.6 -25.1
PEJ Invesco Dynamic Leisure & Entertainment ETF 2.9 55 -20 -2.1 -15.6
CVY Invesco Zacks Multi-Asset Income ETF 2.9 100 -65 11.9 -1.6
VB Vanguard Small-Cap ETF 2.9 5 30 6.2 -7.3
ACTV LeaderShares Activist Leaders ETF 2.8 75 -40 9.3 -4.1
VRAI Virtus Real Asset Income ETF 2.8 55 -20 9.0 -4.5
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 2.7 101 -66 0.8 -12.7
FYC First Trust Small Cap Growth AlphaDEX Fund 2.7 71 -36 2.0 -11.4
RDOG ALPS REIT Dividend Dogs ETF 2.7 35 0 13.6 +0.1
RIET Hoya Capital High Dividend Yield ETF 2.7 50 -15 11.9 -1.6
VXF Vanguard Extended Market Index Fund 2.7 6 29 4.3 -9.2
AIRR First Trust RBA American Industrial Renaissance ETF 2.6 70 -35 5.9 -7.6
VFQY Vanguard U.S. Quality Factor ETF 2.6 13 22 7.9 -5.6
BFOR Barron's 400 ETF 2.5 65 -30 8.7 -4.7
DIV Global X SuperDividend US ETF 2.5 45 -10 8.5 -4.9
MGMT Ballast Small/Mid Cap ETF 2.4 110 -75 6.9 -6.5
XME SPDR S&P Metals & Mining ETF 2.4 35 0 8.6 -4.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.3 20 15 5.8 -7.6
GVLU Gotham 1000 Value ETF 2.2 50 -15 9.6 -3.8
CSD Invesco S&P Spin-Off ETF 2.2 65 -30 6.5 -7.0
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.2 60 -25 8.5 -5.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.2 30 5 9.5 -4.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 2.1 25 10 6.6 -6.9
XES SPDR S&P Oil & Gas Equipment & Services ETF 2.1 35 0 -2.2 -15.6
EZM WisdomTree U.S. MidCap Earnings Fund 2.1 38 -3 11.1 -2.3
KBWY Invesco KBW Premium Yield Equity REIT ETF 2.0 35 0 19.7 +6.2
HAIL SPDR S&P Kensho Smart Mobility ETF 2.0 45 -10 -3.8 -17.3
PAVE Global X U.S. Infrastructure Development ETF 2.0 47 -12 6.9 -6.6
SAGP Strategas Global Policy Opportunities ETF 1.9 65 -30 7.6 -5.9
FNX First Trust Mid Cap Core AlphaDEX Fund 1.9 59 -24 8.3 -5.1
IPAY ETFMG Prime Mobile Payments ETF 1.9 75 -40 8.8 -4.7
SYLD Cambria Shareholder Yield ETF 1.8 59 -24 11.7 -1.8
BKSE BNY Mellon US Small Cap Core Equity ETF 1.8 4 31 6.6 -6.9
RAYD Rayliant Quantitative Developed Market Equity ETF 1.8 80 -45 8.9 -4.6
PXI Invesco DWA Energy Momentum ETF 1.8 60 -25 4.0 -9.5
UFO Procure Space ETF 1.7 75 -40 2.8 -10.7
IYZ iShares U.S. Telecommunications ETF 1.7 40 -5 10.1 -3.3
SDIV Global X SuperDividend ETF 1.7 58 -23 18.3 +4.8
PBJ Invesco Dynamic Food & Beverage ETF 1.7 63 -28 6.2 -7.3
LETB AdvisorShares Let Bob AI Powered Momentum ETF 1.7 107 -72 5.0 -8.5
PSCH Invesco S&P SmallCap Health Care ETF 1.7 29 6 3.1 -10.3
XHS SPDR S&P Health Care Services ETF 1.7 35 0 7.5 -6.0
DHS WisdomTree U.S. High Dividend Fund 1.7 38 -3 9.8 -3.6
GENY Principal Millennials Index ETF 1.7 38 -3 7.4 -6.1
KIE SPDR S&P Insurance ETF 1.7 35 0 8.1 -5.4
IWO iShares Russell 2000 Growth ETF 1.6 24 11 1.8 -11.7
VTWG Vanguard Russell 2000 Growth Index Fund 1.6 15 20 1.7 -11.7
KBWP Invesco KBW Property & Casualty Insurance ETF 1.6 35 0 6.5 -6.9
CVAR Cultivar ETF 1.6 87 -52 8.7 -4.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.6 29 6 7.6 -5.9
PKW Invesco Buyback Achievers ETF 1.6 64 -29 9.0 -4.4
BYTE Roundhill IO Digital Infrastructure ETF 1.6 46 -11 5.3 -8.2
BRNY Burney U.S. Factor Rotation ETF 1.6 79 -44 6.6 -6.9
CRUZ Defiance Hotel Airline and Cruise ETF 1.6 45 -10 -4.6 -18.0
ETHO Etho Climate Leadership U.S. ETF 1.6 47 -12 5.5 -8.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.5 80 -45 7.1 -6.4
VLU SPDR S&P 1500 Value Tilt ETF 1.5 12 23 8.3 -5.2
SRHQ SRH U.S. Quality ETF 1.5 35 0 9.0 -4.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 1.5 25 10 7.6 -5.8
AZTD Aztlan Global Stock Selection DM SMID ETF 1.5 75 -40 3.9 -9.6
MBOX Freedom Day Dividend ETF 1.5 39 -4 8.4 -5.1
VCR Vanguard Consumer Discretionary Index Fund 1.5 10 25 5.0 -8.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 27 5.0 -8.4
IYT iShares Transportation Average ETF 1.4 39 -4 2.7 -10.8
XOP SPDR S&P Oil & Gas Exploration & Production ETF 1.4 35 0 9.6 -3.9
FLRG Fidelity U.S. Multifactor ETF 1.4 29 6 7.8 -5.7
DFAC Dimensional U.S. Core Equity 2 ETF 1.4 17 18 6.6 -6.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.3 52 -17 8.7 -4.7
DBLV AdvisorShares DoubleLine Value Equity ETF 1.3 91 -56 8.7 -4.7
ISCG iShares Morningstar Small-Cap Growth ETF 1.3 6 29 2.3 -11.1
KOMP SPDR Kensho New Economies Composite ETF 1.3 20 15 -0.4 -13.8
SLX VanEck Steel ETF 1.3 56 -21 23.9 +10.5
HLGE Hartford Longevity Economy ETF 1.3 44 -9 8.8 -4.7
DFSU Dimensional US Sustainability Core 1 ETF 1.3 18 17 6.7 -6.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.2 95 -60 2.5 -11.0
RYJ Invesco Raymond James SB-1 Equity ETF 1.2 81 -46 4.2 -9.2
IEZ iShares U.S. Oil Equipment & Services ETF 1.2 40 -5 0.6 -12.9
EATV VegTech Plant-based Innovation & Climate ETF 1.2 75 -40 1.9 -11.6
DFUV Dimensional US Marketwide Value ETF 1.2 22 13 8.6 -4.8
AVUS Avantis U.S. Equity ETF 1.1 15 20 6.9 -6.6
VUSE Vident Core US Equity Fund 1.1 50 -15 6.3 -7.1
WBIY WBI Power Factor High Dividend ETF 1.1 70 -35 13.3 -0.1
ERTH Invesco MSCI Sustainable Future ETF 1.1 56 -21 4.2 -9.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.1 47 -12 -1.8 -15.2
RNMC Mid Cap US Equity Select ETF 1.1 60 -25 8.8 -4.6
BOTZ Global X Robotics & Artificial Intelligence ETF 1.1 69 -34 3.4 -10.1
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 1.1 48 -13 7.9 -5.6
CRAK VanEck Oil Refiners ETF 1.0 61 -26 11.1 -2.3
PXE Invesco Dynamic Energy Exploration & Production ETF 1.0 63 -28 11.9 -1.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 1.0 11 24 7.5 -5.9
NVIR Horizon Kinetics Energy and Remediation ETF 1.0 85 -50 0.2 -13.3
PFI Invesco DWA Financial Momentum ETF 1.0 60 -25 5.1 -8.4
HKND Humankind US Stock ETF 1.0 11 24 7.3 -6.2
FDWM Fidelity Women's Leadership ETF 1.0 59 -24 5.9 -7.5
MOTO SmartETFs Smart Transportation & Technology ETF 1.0 68 -33 7.2 -6.2
METV Roundhill Ball Metaverse ETF 1.0 59 -24 4.5 -9.0
SKYY First Trust Cloud Computing ETF 1.0 60 -25 3.8 -9.7
NURE Nuveen Short-Term REIT ETF 1.0 35 0 6.1 -7.3
HOTL Kelly Hotel & Lodging Sector ETF 1.0 78 -43 2.8 -10.7
FREL Fidelity MSCI Real Estate Index ETF 1.0 8 27 7.5 -6.0
FRI First Trust S&P REIT Index Fund 1.0 50 -15 7.0 -6.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.0 45 -10 2.3 -11.2
ENRG SoFi Smart Energy ETF 1.0 59 -24 -1.8 -15.3
PTEC Global X PropTech ETF 1.0 50 -15 2.8 -10.7
FCPI Fidelity Stocks for Inflation ETF 1.0 29 6 9.3 -4.1
KBE SPDR S&P Bank ETF 0.9 35 0 12.9 -0.6
FITE SPDR Kensho Future Security ETF 0.9 45 -10 3.9 -9.6
PRF Invesco FTSE RAFI US 1000 ETF 0.9 39 -4 7.6 -5.9
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.9 8 27 6.4 -7.0
VOX Vanguard Telecommunication Services Index Fund 0.9 10 25 5.5 -7.9
ROUS Hartford Multifactor US Equity ETF 0.9 19 16 8.3 -5.1
USMF WisdomTree U.S. Multifactor Fund 0.9 28 7 7.7 -5.8
TMDV ProShares Russell US Dividend Growers ETF 0.9 35 0 6.8 -6.6
KRE SPDR S&P Regional Banking ETF 0.8 35 0 11.8 -1.6
VIS Vanguard Industrials Index Fund 0.8 10 25 5.3 -8.2
PRVT Private Real Estate Strategy via Liquid REITs ETF 0.8 59 -24 6.6 -6.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.8 39 -4 -0.7 -14.1
XSW SPDR S&P Software & Services ETF 0.8 35 0 2.4 -11.1
SCHH Schwab U.S. REIT ETF 0.8 7 28 7.6 -5.9
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 -14 7.6 -5.9
FIDU Fidelity MSCI Industrials Index ETF 0.8 8 27 5.6 -7.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -30 2.4 -11.0
JHSC John Hancock Multifactor Small Cap ETF 0.8 42 -7 7.1 -6.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.8 20 15 7.2 -6.2
PYZ Invesco DWA Basic Materials Momentum ETF 0.8 60 -25 9.9 -3.6
RWR SPDR Dow Jones REIT ETF 0.8 25 10 7.4 -6.1
ROKT SPDR S&P Kensho Final Frontiers ETF 0.8 45 -10 1.7 -11.7
PXJ Invesco Dynamic Oil & Gas Services ETF 0.7 63 -28 -0.7 -14.1
CBSE Changebridge Capital Sustainable Equity ETF 0.7 85 -50 2.1 -11.4
OIH VanEck Oil Services ETF 0.7 35 0 0.7 -12.7
USRT iShares Core U.S. REIT ETF 0.7 8 27 7.5 -5.9
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -54 5.6 -7.8
TMFX Motley Fool Next Index ETF 0.7 50 -15 3.9 -9.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 28 5.9 -7.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.7 25 10 7.7 -5.7
KRUZ Unusual Whales Subversive Republican Trading ETF 0.7 75 -40 4.8 -8.7
CRED Columbia Research Enhanced Real Estate ETF 0.7 33 2 7.9 -5.6
IDAT iShares Cloud 5G and Tech ETF 0.7 47 -12 5.8 -7.6
IAK iShares U.S. Insurance ETF 0.7 39 -4 7.1 -6.4
SAMT Strategas Macro Thematic Opportunities ETF 0.7 65 -30 4.0 -9.5
WOOD iShares Global Timber & Forestry ETF 0.7 42 -7 9.8 -3.6
ERET iShares Environmentally Aware Real Estate ETF 0.7 30 5 7.3 -6.1
IGN iShares North American Tech-Multimedia Networking ETF 0.7 41 -6 8.8 -4.7
MORT VanEck Mortgage REIT Income ETF 0.6 41 -6 12.4 -1.1
REM iShares Mortgage Real Estate ETF 0.6 48 -13 14.1 +0.6
VNQ Vanguard REIT Index Fund 0.6 12 23 7.5 -6.0
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -23 13.8 +0.3
TMFM Motley Fool Mid-Cap Growth ETF 0.6 85 -50 4.3 -9.2
TMFS Motley Fool Small Cap Growth ETF 0.6 85 -50 1.8 -11.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.6 63 -28 3.5 -10.0
PRN Invesco DWA Industrials Momentum ETF 0.6 60 -25 6.3 -7.2
DFAR Dimensional US Real Estate ETF 0.6 19 16 7.5 -6.0
IUS Invesco Strategic US ETF 0.6 19 16 8.1 -5.4
FMAT Fidelity MSCI Materials Index ETF 0.6 8 27 7.3 -6.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 0.6 60 -25 10.8 -2.7
KBWR Invesco KBW Regional Banking ETF 0.6 35 0 11.8 -1.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.5 45 -10 7.8 -5.7
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -15 6.8 -6.6
INQQ India Internet & Ecommerce ETF 0.5 86 -51 2.5 -10.9
BLDG Cambria Global Real Estate ETF 0.5 59 -24 9.1 -4.4
RNEW VanEck Green Infrastructure ETF 0.5 45 -10 0.0 -13.4
STLV iShares Factors US Value Style ETF 0.5 25 10 9.4 -4.0
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 6.0 -7.4
BRF VanEck Brazil Small-Cap ETF 0.5 66 -31 5.5 -7.9
XSD SPDR S&P Semiconductor ETF 0.5 35 0 6.9 -6.6
PPA Invesco Aerospace & Defense ETF 0.5 61 -26 4.6 -8.9
QDF FlexShares Quality Dividend Index Fund 0.5 37 -2 7.7 -5.8
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 -2 7.4 -6.1
DTD WisdomTree U.S.Total Dividend Fund 0.5 28 7 7.4 -6.0
SNSR Global X Internet of Things Thematic ETF 0.5 68 -33 4.9 -8.6
REET iShares Global REIT ETF 0.5 14 21 7.2 -6.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 11 9.2 -4.3
VDC Vanguard Consumer Staples Index Fund 0.5 10 25 6.3 -7.2
FSTA Fidelity MSCI Consumer Staples Index ETF 0.5 8 27 6.3 -7.2
VAW Vanguard Materials Index Fund 0.5 10 25 6.9 -6.5
FBCG Fidelity Blue Chip Growth ETF 0.5 59 -24 2.3 -11.2
VFH Vanguard Financials Index Fund 0.5 10 25 7.6 -5.9
FNCL Fidelity MSCI Financials Index ETF 0.5 8 27 7.6 -5.9
PPTY PPTY-U.S. Diversified Real Estate ETF 0.5 53 -18 7.2 -6.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.5 40 -5 8.8 -4.7
USVT US Value ETF 0.5 49 -14 11.7 -1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.5 56 -21 15.0 +1.6
WDIV SPDR Global Dividend ETF 0.5 40 -5 10.9 -2.5
TOKE Cambria Cannabis ETF 0.5 42 -7 -20.1 -33.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -33 4.5 -8.9
EVX VanEck Environmental Services ETF 0.4 55 -20 3.7 -9.8
IPDP Dividend Performers ETF 0.4 106 -71 5.8 -7.7
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.4 15 20 7.4 -6.1
ACSI American Customer Satisfaction Core Alpha ETF 0.4 65 -30 6.2 -7.3
MEME Roundhill MEME ETF 0.4 69 -34 -1.3 -14.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.4 85 -50 8.3 -5.2
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 32 6.2 -7.3
DTEC ALPS Disruptive Technologies ETF 0.4 50 -15 4.4 -9.1
PRNT The 3D Printing ETF 0.4 66 -31 -3.2 -16.6
BYOB SoFi Be Your Own Boss ETF 0.4 59 -24 -3.1 -16.5
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 -25 -0.3 -13.7
XAR SPDR S&P Aerospace & Defense ETF 0.4 35 0 1.6 -11.8
IWV iShares Russell 3000 ETF 0.4 20 15 5.6 -7.8
DFGR Dimensional Global Real Estate ETF 0.4 22 13 7.1 -6.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 32 5.8 -7.7
MILN Global X Millennial Consumer ETF 0.4 50 -15 2.6 -10.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 23 5.5 -8.0
VTI Vanguard Total Stock Market Index Fund 0.4 3 32 5.7 -7.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.4 45 -10 2.1 -11.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -35 5.6 -7.9
IWFH iShares Virtual Work and Life Multisector ETF 0.4 47 -12 -1.3 -14.7
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 22 6.4 -7.0
PSR Invesco Active U.S. Real Estate Fund 0.4 35 0 6.9 -6.5
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 5.9 -7.6
VTHR Vanguard Russell 3000 Index Fund 0.4 10 25 5.7 -7.8
HDUS Hartford Disciplined US Equity ETF 0.4 19 16 7.0 -6.5
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 -23 5.2 -8.3
LVHD Legg Mason Low Volatility High Dividend ETF 0.4 27 8 9.3 -4.1
VGT Vanguard Information Technology Index Fund 0.4 10 25 5.5 -7.9
DFUS Dimensional U.S. Equity ETF 0.4 9 26 5.8 -7.6
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 27 5.5 -7.9
XT iShares Exponential Technologies ETF 0.3 46 -11 3.9 -9.6
SHPP Pacer Industrials and Logistics ETF 0.3 60 -25 9.9 -3.6
VBK Vanguard Small-Cap Growth Index Fund 0.3 7 28 1.5 -12.0
SFYX Sofi Next 500 ETF 0.3 0 35 6.2 -7.3
CUT Invesco MSCI Global Timber ETF 0.3 61 -26 9.1 -4.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 -15 7.4 -6.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 17 8.7 -4.7
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 26 5.7 -7.7
BFIT Global X Health & Wellness ETF 0.3 50 -15 6.1 -7.4
FENY Fidelity MSCI Energy Index ETF 0.3 8 27 6.4 -7.1
MJ ETFMG Alternative Harvest ETF 0.3 75 -40 -92.3 -105.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.3 18 17 5.5 -8.0
SCHD Schwab U.S. Dividend Equity ETF 0.3 6 29 9.4 -4.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.3 21 14 4.2 -9.3
TRFM AAM Transformers ETF 0.3 49 -14 1.6 -11.9
VDE Vanguard Energy Index Fund 0.3 10 25 6.2 -7.3
EDUT Global X Education ETF 0.3 50 -15 2.4 -11.1
ROCI ROC ETF 0.3 49 -14 5.3 -8.2
ARB AltShares Merger Arbitrage ETF 0.3 76 -41 7.5 -6.0
KBWD Invesco KBW High Dividend Yield Financial ETF 0.3 384 -349 9.4 -4.1
MISL First Trust Indxx Aerospace & Defense ETF 0.3 60 -25 4.7 -8.7
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 8 6.3 -7.2
AIQ Global X Future Analytics Tech ETF 0.2 68 -33 5.0 -8.5
FPX First Trust US IPO Index Fund 0.2 61 -26 0.6 -12.9
ITAN Sparkline Intangible Value ETF 0.2 50 -15 7.0 -6.5
VYM Vanguard High Dividend Yield Index ETF 0.2 6 29 8.2 -5.2
SDY SPDR S&P Dividend ETF 0.2 35 0 7.2 -6.2
VEGI iShares MSCI Global Agriculture Producers ETF 0.2 39 -4 8.5 -4.9
VALQ American Century STOXX U.S. Quality Value ETF 0.2 29 6 8.5 -5.0
ITA iShares U.S. Aerospace & Defense ETF 0.2 40 -5 3.5 -9.9
RESP WisdomTree US ESG Fund of Benef Interest 0.2 28 7 6.8 -6.7
XHE SPDR S&P Health Care Equipment ETF 0.2 35 0 0.7 -12.8
VT Vanguard Total World Stock ETF 0.2 7 28 6.6 -6.8
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -35 10.4 -3.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -51 1.8 -11.6
BTEC Principal Healthcare Innovators Index ETF 0.2 42 -7 -4.7 -18.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -4 12.4 -1.1
QGRO American Century STOXX U.S. Quality Growth ETF 0.2 29 6 6.7 -6.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 6 10.9 -2.5
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -10 11.3 -2.1
DSI iShares MSCI KLD 400 Social ETF 0.1 25 10 5.9 -7.5
VDNI V-Shares US Leadership Diversity ETF 0.1 29 6 6.2 -7.3
MRND IQ U.S. Mid Cap R&D Leaders ETF 0.1 16 19 3.6 -9.8
IYR iShares U.S. Real Estate ETF 0.1 40 -5 7.2 -6.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 15 7.9 -5.5
IETC iShares Evolved U.S. Technology ETF 0.1 18 17 5.2 -8.2
DEW WisdomTree Global High Dividend Fund 0.1 58 -23 10.1 -3.4
IYG iShares US Financial Services ETF 0.1 39 -4 7.4 -6.0
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.1 50 -15 4.0 -9.5
IGM iShares Expanded Tech Sector ETF 0.1 41 -6 5.4 -8.1
COWZ Pacer US Cash Cows 100 ETF 0.1 49 -14 11.4 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 26 6.4 -7.1
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 6 8.2 -5.3
IHE iShares U.S. Pharmaceuticals ETF 0.1 40 -5 8.1 -5.4
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 20 8.7 -4.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -35 4.3 -9.2
SMMD iShares Russell 2500 ETF 0.1 15 20 6.8 -6.6
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 31 6.7 -6.7
SXQG 6 Meridian Quality Growth ETF 0.1 100 -65 5.0 -8.4
HDV iShares Core High Dividend ETF 0.1 8 27 9.4 -4.1
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 23 9.5 -4.0
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.1 50 -15 5.4 -8.1
TECB iShares US Tech Breakthrough Multisector ETF 0.1 40 -5 4.9 -8.5
FILL iShares MSCI Global Energy Producers ETF 0.1 39 -4 8.0 -5.4
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 0.1 35 0 3.0 -10.4
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 7.6 -5.8
YPS Arrow Reverse Cap 500 ETF 0.1 29 6 6.8 -6.7
IGE iShares North American Natural Resources ETF 0.1 41 -6 6.4 -7.1
DFLV Dimensional US Large Cap Value ETF 0.1 22 13 9.1 -4.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 18 8.0 -5.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 41 -6 7.7 -5.8
PFM Invesco Dividend Achievers ETF 0.1 53 -18 6.4 -7.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 15 8.8 -4.6
AFLG First Trust Active Factor Large Cap ETF 0.0 55 -20 7.4 -6.0
IWR iShares Russell Midcap ETF 0.0 18 17 6.6 -6.9
DIVB iShares Core Dividend 0.0 5 30 9.0 -4.5
VHT Vanguard Health Care Index Fund 0.0 10 25 6.7 -6.8
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 27 6.7 -6.7
STXV Strive 1000 Value ETF 0.0 18 17 8.4 -5.1
IHI iShares U.S. Medical Devices ETF 0.0 40 -5 4.9 -8.5
IGV iShares Expanded Tech-Software ETF 0.0 41 -6 4.0 -9.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 -12 9.0 -4.4
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -40 4.8 -8.6
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.0 15 20 6.0 -7.5
HAP VanEck Natural Resources ETF 0.0 50 -15 8.2 -5.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -51 2.0 -11.5
IYY iShares Dow Jones U.S. ETF 0.0 20 15 5.8 -7.7
BLES Inspire Global Hope Large Cap ETF 0.0 61 -26 7.1 -6.3
VIG Vanguard Dividend Appreciation Index Fund 0.0 6 29 6.3 -7.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.0 12 23 6.1 -7.4
ONEY SPDR Russell 1000 Yield Focus ETF 0.0 20 15 11.4 -2.1
IYC iShares U.S. Consumer Services ETF 0.0 39 -4 4.3 -9.2
IBBQ Invesco Nasdaq Biotechnology ETF 0.0 19 16 1.2 -12.2
IWD iShares Russell 1000 Value ETF 0.0 19 16 7.4 -6.1
VONV Vanguard Russell 1000 Value Index Fund 0.0 8 27 7.5 -6.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.0 35 0 7.1 -6.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.0 36 -1 7.0 -6.4
RECS Columbia Research Enhanced Core ETF 0.0 15 20 6.7 -6.8
REVS Columbia Research Enhanced Value ETF 0.0 19 16 8.6 -4.8
DGRO iShares Core Dividend Growth ETF 0.0 8 27 7.3 -6.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 5.9 -7.6
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 31 7.5 -6.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -14 5.6 -7.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.0 15 20 7.4 -6.1
IWB iShares Russell 1000 ETF 0.0 15 20 5.8 -7.7
VONE Vanguard Russell 1000 ETF 0.0 8 27 5.8 -7.6
FMIL Fidelity New Millennium ETF 0.0 59 -24 6.1 -7.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -40 5.5 -8.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.0 58 -23 5.0 -8.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 7.1 -6.3
SCHK Schwab 1000 Index ETF 0.0 5 30 6.0 -7.5
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 5.9 -7.5
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -15 5.4 -8.0
EPS WisdomTree U.S. Earnings 500 Fund 0.0 8 27 7.2 -6.2
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -14 6.6 -6.9
ACVF American Conservative Values ETF 0.0 75 -40 5.1 -8.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 5.7 -7.7

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Invesco S&P Smallcap 600 Pure Value ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 13.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.50
 
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.