ETC 6 Meridian Small Cap Equity ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 13.4x P/Sales
ratio		 1.0x
P/BV
ratio		 1.7x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SIXS is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website www.6meridianfunds.com
Inception date May 11, 2020
Assets (mns) $85
Currency USD
Expense ratio 89 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 85
Wgt avg mkt cap (mns) $2,169
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 46.8%
Small cap (<$2bn) 53.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CAREER EDUCATION CORP 3.1 %
INNOVIVA, INC. 2.5 %
CAL-MAINE FOODS INC 2.4 %
EMPLOYERS HOLDINGS INC 2.1 %
COLLEGIUM PHARMACEUTICAL, INC. 2.0 %
US SILICA HOLDINGS INC 1.5 %
ADTALEM GLOBAL EDUCATION INC. 1.5 %
CLEARWATER PAPER CORP 1.5 %
CORCEPT THERAPEUTICS INC 1.4 %
VERRA MOBILITY CORP. CLASS A 1.4 %
Total 19.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BERMUDA 1.1 %
IRELAND 0.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.2% 10.3% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.80 65%
MSCI EAFE 0.83 65%
MSCI Emg. Mkts. 0.59 34%

Technical Indicators
Recent close $49.78
30d moving avg. $45.94
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.5%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $3,605

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 443 potential alternatives to the ETC 6 Meridian Small Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SIXS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SIXS Expense: 89 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SIXS
Ticker Fund
Name		 Overlap1
vs SIXS
(%)		 Expense
ratio
(bp)		 Savings
vs SIXS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SIXS
(%)
XSLV Invesco S&P SmallCap Low Volatility ETF 26.3 25 64 6.7 -1.5
XSHQ Invesco S&P SmallCap Quality ETF 24.1 29 60 8.4 +0.2
CALF Pacer US Small Cap Cash Cows 100 ETF 23.6 59 30 11.7 +3.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 23.1 59 30 6.6 -1.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 21.6 36 53 10.9 +2.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 19.3 35 54 6.4 -1.7
SIXL ETC 6 Meridian Low Beta Equity ETF 18.9 80 9 4.6 -3.6
ROSC Hartford Multifactor Small Cap ETF 18.8 34 55 8.5 +0.4
IJT iShares S&P Small-Cap 600 Growth ETF 17.0 18 71 6.3 -1.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.9 15 74 6.4 -1.7
SLYG SPDR S&P 600 Small Cap Growth ETF 16.4 15 74 6.3 -1.9
SQLV Royce Quant Small-Cap Quality Value ETF 16.2 60 29 7.7 -0.4
XSMO Invesco S&P SmallCap Momentum ETF 16.1 39 50 7.2 -1.0
SSLY Syntax Stratified SmallCap ETF 15.3 40 49 7.0 -1.2
DEEP Roundhill Acquirers Deep Value ETF 15.0 80 9 14.1 +6.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 14.4 15 74 7.6 -0.6
VIOO Vanguard S&P Small-Cap 600 ETF 13.5 10 79 7.4 -0.8
PSCH Invesco S&P SmallCap Health Care ETF 13.4 29 60 5.1 -3.1
IJR iShares Core S&P Small Cap ETF 13.3 6 83 7.4 -0.8
ESIX SPDR S&P SmallCap 600 ESG ETF 13.3 12 77 7.6 -0.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.0 30 59 11.4 +3.2
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 13.0 20 69 4.3 -3.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 12.9 3 86 7.4 -0.8
AFSM First Trust Active Factor Small Cap ETF 12.9 75 14 6.7 -1.4
XJR iShares ESG Screened S&P Small-Cap ETF 12.8 12 77 7.1 -1.0
VAMO Cambria Value & Momentum ETF 12.8 61 28 9.1 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.4 29 60 6.8 -1.4
FYT First Trust Small Cap Value AlphaDEX Fund 12.1 73 16 9.9 +1.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 12.1 39 50 8.9 +0.7
DSMC Distillate Small/Mid Cash Flow ETF 11.9 55 34 11.4 +3.3
ECML Euclidean Fundamental Value ETF 11.5 95 -6 12.9 +4.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 11.0 47 42 8.7 +0.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 10.9 35 54 6.8 -1.4
RNMC First Trust Mid Cap US Equity Select ETF 10.8 60 29 6.8 -1.4
SVAL iShares US Small Cap Value Factor ETF 10.4 20 69 10.1 +1.9
SMDV ProShares Russell 2000 Dividend Growers ETF 10.2 40 49 6.4 -1.8
DES WisdomTree U.S. SmallCap Dividend Fund 10.0 38 51 7.1 -1.0
EES WisdomTree U.S. SmallCap Fund 10.0 38 51 9.2 +1.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.8 15 74 8.5 +0.3
AVUV Avantis U.S. Small Cap Value ETF 9.7 25 64 9.0 +0.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 9.6 39 50 8.5 +0.3
IJS iShares S&P Small-Cap 600 Value ETF 9.5 18 71 8.4 +0.2
FYX First Trust Small Cap Core AlphaDEX Fund 9.3 61 28 5.8 -2.3
SLYV SPDR S&P 600 Small Cap Value ETF 9.2 15 74 8.4 +0.2
XPH SPDR S&P Pharmaceuticals ETF 9.1 35 54 5.2 -3.0
PSC Principal U.S. Small-Cap ETF 9.1 38 51 6.1 -2.1
TPSC Timothy Plan US Small Cap Core ETF 8.9 52 37 6.8 -1.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 8.8 20 69 6.1 -2.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 8.7 29 60 10.3 +2.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 8.4 35 54 5.8 -2.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.4 35 54 9.7 +1.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 8.4 35 54 6.5 -1.7
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 8.3 42 47 6.4 -1.7
PSCF Invesco S&P SmallCap Financials ETF 8.3 29 60 8.9 +0.8
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 8.3 60 29 4.5 -3.7
RNSC Furst Trust Small Cap US Equity Select ETF 8.3 60 29 7.0 -1.2
SYLD Cambria Shareholder Yield ETF 8.2 59 30 11.2 +3.0
AVSC Avantis U.S Small Cap Equity ETF 8.0 25 64 4.6 -3.6
VFMV Vanguard U.S. Minimum Volatility ETF 7.7 13 76 5.1 -3.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 7.7 25 64 7.5 -0.7
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 7.5 38 51 5.4 -2.7
JSML Janus Henderson Small Cap Growth Alpha ETF 7.2 30 59 7.1 -1.1
FDM First Trust Dow Jones Select MicroCap Index Fund 7.2 60 29 7.4 -0.8
BFOR ALPS Barron's 400 ETF 7.0 65 24 6.4 -1.8
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 7.0 35 54 5.0 -3.2
SMCP AlphaMark Actively Managed Small Cap ETF 7.0 90 -1 6.7 -1.5
FYC First Trust Small Cap Growth AlphaDEX Fund 6.9 71 18 1.0 -7.2
PSCI Invesco S&P SmallCap Industrials ETF 6.6 29 60 5.5 -2.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.5 12 77 7.5 -0.7
VFMF Vanguard U.S. Multifactor ETF 6.1 18 71 8.5 +0.4
PJP Invesco Pharmaceuticals ETF 6.0 57 32 7.6 -0.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 6.0 9 80 3.9 -4.3
IWN iShares Russell 2000 Value ETF 6.0 24 65 5.1 -3.1
VTWV Vanguard Russell 2000 Value ETF 6.0 15 74 5.0 -3.2
FSMD Fidelity Small-Mid Multifactor ETF 5.9 15 74 7.1 -1.0
RSSL Global X Russell 2000 ETF 5.9 8 81 3.0 -5.2
IWM iShares Russell 2000 ETF 5.9 19 70 3.4 -4.8
ISMD Inspire Small/Mid Cap ETF 5.9 54 35 5.6 -2.6
IWO iShares Russell 2000 Growth ETF 5.8 24 65 1.4 -6.7
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 5.8 48 41 5.1 -3.1
VTWO Vanguard Russell 2000 ETF 5.6 10 79 3.3 -4.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.6 39 50 4.3 -3.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.4 60 29 9.2 +1.0
CGV Conductor Global Equity Value ETF 5.4 130 -41 10.5 +2.3
DFAS Dimensional U.S. Small Cap ETF 5.3 26 63 5.7 -2.4
VTWG Vanguard Russell 2000 Growth ETF 5.3 15 74 1.5 -6.7
IHE iShares U.S. Pharmaceuticals ETF 5.2 40 49 8.2 +0.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.2 80 9 6.2 -1.9
DFAT Dimensional U.S. Targeted Value ETF 5.1 28 61 7.9 -0.3
STXK Strive Small-Cap ETF 4.9 18 71 5.0 -3.2
BKSE BNY Mellon US Small Cap Core Equity ETF 4.9 4 85 5.1 -3.1
FNDA Schwab Fundamental US Small Co. Index ETF 4.8 25 64 6.2 -1.9
PSCT Invesco S&P SmallCap Information Technology ETF 4.6 29 60 5.3 -2.9
ZIG Acquirers Fund 4.6 84 5 13.7 +5.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 4.5 30 59 6.7 -1.5
ISCV iShares Morningstar Small Cap Value ETF 4.5 6 83 7.6 -0.6
DFSV Dimensional US Small Cap Value ETF 4.5 31 58 8.5 +0.3
SMLF iShares U.S. SmallCap Equity Factor ETF 4.4 15 74 5.4 -2.8
IFRA iShares U.S. Infrastructure ETF 4.4 30 59 6.4 -1.8
ACTV LeaderShares Activist Leaders ETF 4.4 75 14 6.6 -1.6
PXI Invesco Dorsey Wright Energy Momentum ETF 4.2 60 29 7.3 -0.8
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 4.2 29 60 6.0 -2.1
DIV Global X SuperDividend US ETF 4.2 45 44 7.8 -0.3
PEY Invesco High Yield Equity Dividend Achievers ETF 4.2 52 37 9.4 +1.2
SCHA Schwab U.S. Small-Cap ETF 4.1 4 85 4.5 -3.6
SURE AdvisorShares Insiders Advantage ETF 4.1 90 -1 10.1 +2.0
EZM WisdomTree U.S. MidCap Fund 4.0 38 51 7.8 -0.3
IWC iShares Micro-Cap ETF 3.9 60 29 -3.6 -11.8
FNK First Trust Mid Cap Value AlphaDEX Fund 3.9 70 19 10.4 +2.3
XHS SPDR S&P Health Care Services ETF 3.9 35 54 5.8 -2.3
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 3.8 60 29 0.0 -8.2
FAB First Trust Multi Cap Value AlphaDEX Fund 3.6 67 22 9.2 +1.1
FVD First Trust Value Line Dividend Index Fund 3.6 65 24 6.2 -2.0
ISCB iShares Morningstar Small-Cap ETF 3.6 4 85 5.1 -3.1
VFQY Vanguard U.S. Quality Factor ETF 3.5 13 76 7.4 -0.8
XES SPDR S&P Oil & Gas Equipment & Services ETF 3.5 35 54 -0.1 -8.3
NUSC Nuveen ESG Small-Cap ETF 3.5 31 58 5.1 -3.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 3.4 24 65 7.3 -0.9
VFVA Vanguard U.S. Value Factor ETF 3.3 13 76 10.3 +2.1
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 3.2 69 20 8.6 +0.4
FNX First Trust Mid Cap Core AlphaDEX Fund 3.1 60 29 6.9 -1.3
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -17 11.4 +3.2
VUSE Vident U.S. Equity Strategy ETF 3.1 50 39 3.5 -4.7
JHSC John Hancock Multifactor Small Cap ETF 3.1 42 47 6.8 -1.4
PSCM Invesco S&P SmallCap Materials ETF 3.0 29 60 8.1 -0.1
FTXH First Trust Nasdaq Pharmaceuticals ETF 3.0 60 29 8.1 -0.0
WCEO Hypatia Women CEO ETF 3.0 85 4 4.7 -3.4
GVLU Gotham 1000 Value ETF 3.0 50 39 7.6 -0.6
PXE Invesco Energy Exploration & Production ETF 3.0 60 29 12.9 +4.7
MEDI Harbor Health Care ETF 2.9 80 9 1.4 -6.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.8 70 19 2.2 -5.9
QQQS Invesco NASDAQ Future Gen 200 ETF 2.8 20 69 -8.8 -16.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 2.8 17 72 5.2 -3.0
ISCG iShares Morningstar Small-Cap Growth ETF 2.7 6 83 2.4 -5.7
VFMO Vanguard U.S. Momentum Factor ETF 2.7 13 76 2.3 -5.9
VBR Vanguard Small Cap Value ETF 2.7 7 82 7.8 -0.4
HLGE Hartford Longevity Economy ETF 2.6 44 45 6.1 -2.1
OIH VanEck Oil Services ETF 2.6 35 54 2.2 -6.0
AFMC First Trust Active Factor Mid Cap ETF 2.6 65 24 7.2 -1.0
HOMZ Hoya Capital Housing ETF 2.5 30 59 7.3 -0.9
FTXG First Trust Nasdaq Food & Beverage ETF 2.5 60 29 6.7 -1.5
ETHO Etho Climate Leadership U.S. ETF 2.4 47 42 3.5 -4.6
KCE SPDR S&P Capital Markets ETF 2.4 35 54 6.6 -1.6
VB Vanguard Small-Cap ETF 2.4 5 84 5.2 -3.0
XHB SPDR S&P Homebuilders ETF 2.4 35 54 10.0 +1.8
PFI Invesco Dorsey Wright Financial Momentum ETF 2.4 60 29 5.5 -2.6
AIRR First Trust RBA American Industrial Renaissance ETF 2.4 70 19 5.1 -3.1
VXF Vanguard Extended Market ETF 2.4 6 83 4.0 -4.2
WBIY WBI Power Factor High Dividend ETF 2.4 100 -11 10.5 +2.3
SBIO ALPS Medical Breakthroughs ETF 2.4 50 39 -3.1 -11.3
FBT First Trust NYSE Arca Biotechnology Index Fund 2.4 56 33 2.0 -6.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 2.4 35 54 9.5 +1.3
CSD Invesco S&P Spin-Off ETF 2.4 65 24 9.4 +1.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.3 64 25 2.2 -6.0
CSMD Congress SMid Growth ETF 2.3 69 20 4.1 -4.1
WDIV SPDR S&P Global Dividend ETF 2.3 40 49 9.6 +1.4
PTH Invesco Dorsey Wright Healthcare Momentum ETF 2.2 60 29 -2.9 -11.0
TMDV ProShares Russell US Dividend Growers ETF 2.2 35 54 6.5 -1.7
QVAL Alpha Architect US Quantitative Value ETF 2.2 39 50 11.4 +3.2
VBK Vanguard Small-Cap Growth ETF 2.1 7 82 1.4 -6.7
AUSF Global X Adaptive U.S. Factor ETF 2.1 27 62 8.7 +0.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.1 60 29 8.0 -0.2
OSCV Opus Small Cap Value ETF 2.1 79 10 6.0 -2.2
IEZ iShares U.S. Oil Equipment & Services ETF 2.0 40 49 2.1 -6.0
PBE Invesco Biotechnology & Genome ETF 2.0 58 31 -0.5 -8.6
IHF iShares U.S. Healthcare Providers ETF 2.0 40 49 6.0 -2.2
KRE SPDR S&P Regional Banking ETF 2.0 35 54 9.4 +1.3
VRAI Virtus Real Asset Income ETF 2.0 55 34 8.3 +0.1
ITB iShares U.S. Home Construction ETF 2.0 40 49 10.3 +2.1
PXJ Invesco Oil & Gas Services ETF 1.9 63 26 3.2 -5.0
XHE SPDR S&P Health Care Equipment ETF 1.9 35 54 1.5 -6.6
SLX VanEck Steel ETF 1.9 56 33 20.6 +12.5
BOUT Innovator IBD Breakout Opportunities ETF 1.8 81 8 2.9 -5.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.8 7 82 5.6 -2.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 1.7 60 29 7.8 -0.3
FTXN First Trust Nasdaq Oil & Gas ETF 1.7 60 29 8.0 -0.2
XME SPDR S&P Metals & Mining ETF 1.7 35 54 8.4 +0.2
PPTY US Diversified Real Estate ETF 1.7 53 36 6.1 -2.0
XSW SPDR S&P Software & Services ETF 1.5 35 54 2.3 -5.9
AGNG Global X Aging Population ETF 1.5 50 39 3.9 -4.2
DHS WisdomTree U.S. High Dividend Fund 1.5 38 51 8.1 -0.1
QGRO American Century U.S. Quality Growth ETF 1.5 29 60 4.8 -3.3
VDC Vanguard Consumer Staples ETF 1.4 10 79 6.1 -2.1
USMF WisdomTree U.S. Multifactor Fund 1.4 28 61 7.6 -0.6
FPX First Trust US Equity Opportunities ETF 1.4 61 28 1.7 -6.4
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.4 8 81 6.1 -2.1
STCE Schwab Crypto Thematic ETF 1.4 30 59 2.1 -6.1
BCDF Horizon Kinetics Blockchain Development ETF 1.4 85 4 4.9 -3.2
PDP Invesco Dorsey Wright Momentum ETF 1.4 62 27 3.6 -4.5
EQUL IQ Engender Equality ETF 1.3 45 44 6.8 -1.4
FXH First Trust Health Care AlphaDEX Fund 1.3 62 27 6.8 -1.4
DIVY Sound Equity Dividend Income ETF 1.3 45 44 10.6 +2.5
GLRY Inspire Faithward Mid Cap Momentum ETF 1.3 80 9 7.9 -0.2
IPDP Dividend Performers ETF 1.3 122 -33 5.3 -2.9
GURU Global X Guru Index ETF 1.3 75 14 1.8 -6.4
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 1.3 60 29 4.6 -3.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.3 68 21 4.2 -4.0
IWFH iShares Virtual Work and Life Multisector ETF 1.3 47 42 -4.2 -12.4
IBUY Amplify Online Retail ETF 1.3 65 24 1.5 -6.6
GDIV Harbor Dividend Growth Leaders ETF 1.2 50 39 5.7 -2.5
FIW First Trust Water ETF 1.2 53 36 4.5 -3.7
RDVY First Trust Rising Dividend Achievers ETF 1.2 50 39 9.4 +1.2
PHO Invesco Water Resources ETF 1.2 60 29 4.2 -3.9
PRN Invesco Dorsey Wright Industrials Momentum ETF 1.2 60 29 4.8 -3.4
MBOX Freedom Day Dividend ETF 1.2 39 50 7.7 -0.4
BLDG Cambria Global Real Estate ETF 1.2 60 29 9.5 +1.3
HAUS Residential REIT ETF 1.2 60 29 5.2 -3.0
SRHQ SRH U.S. Quality ETF 1.2 35 54 7.8 -0.4
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.2 60 29 10.3 +2.2
PTF Invesco Dorsey Wright Technology Momentum ETF 1.2 60 29 0.7 -7.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 1.2 40 49 9.6 +1.5
FDHT Fidelity Digital Health ETF 1.2 39 50 -1.9 -10.1
WISE Themes Generative Artificial Intelligence ETF 1.2 35 54 2.3 -5.9
FCG First Trust Natural Gas ETF 1.2 60 29 11.4 +3.3
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.2 60 29 8.4 +0.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.2 39 50 3.9 -4.3
COWS Amplify Cash Flow Dividend Leaders ETF 1.2 0 89 11.4 +3.2
PAVE Global X U.S. Infrastructure Development ETF 1.2 47 42 5.7 -2.5
BUG Global X Cybersecurity ETF 1.2 51 38 2.2 -6.0
IHAK iShares Cybersecurity & Tech ETF 1.2 47 42 3.2 -4.9
FITE SPDR S&P Kensho Future Security ETF 1.2 45 44 2.4 -5.7
SPAM Themes Cybersecurity ETF 1.2 35 54 2.0 -6.1
BPAY BlackRock Future Financial and Technology ETF 1.2 70 19 8.9 +0.7
KBE SPDR S&P Bank ETF 1.2 35 54 9.2 +1.0
FFTY Innovator IBD 50 ETF 1.2 80 9 1.3 -6.8
SFYX SoFi Next 500 ETF 1.2 0 89 5.0 -3.1
CLOU Global X Cloud Computing ETF 1.2 68 21 2.1 -6.1
VALQ American Century U.S. Quality Value ETF 1.1 29 60 7.5 -0.7
KBWP Invesco KBW Property & Casualty Insurance ETF 1.1 35 54 6.3 -1.9
KBWY Invesco KBW Premium Yield Equity REIT ETF 1.1 35 54 13.2 +5.1
RDOG ALPS REIT Dividend Dogs ETF 1.1 35 54 16.2 +8.0
SRET Global X SuperDividend REIT ETF 1.1 59 30 9.5 +1.4
NETL NETLease Corporate Real Estate ETF 1.1 60 29 8.4 +0.3
MORT VanEck Mortgage REIT Income ETF 1.1 43 46 12.1 +3.9
REM iShares Mortgage Real Estate ETF 1.1 48 41 13.6 +5.4
RIET Hoya Capital High Dividend Yield ETF 1.1 50 39 12.2 +4.0
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.1 60 29 6.9 -1.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.1 25 64 5.6 -2.6
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.1 56 33 6.2 -1.9
TOKE Cambria Cannabis ETF 1.1 42 47 2.2 -6.0
CVAR Cultivar ETF 1.1 87 2 7.2 -1.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.1 60 29 4.4 -3.8
BBP Virtus LifeSci Biotech Products ETF 1.1 79 10 -3.9 -12.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.1 52 37 5.6 -2.6
PKB Invesco Building & Construction ETF 1.0 62 27 5.8 -2.3
ACES ALPS Clean Energy ETF 1.0 55 34 -3.3 -11.4
PBJ Invesco Food & Beverage ETF 1.0 57 32 5.4 -2.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.0 95 -6 1.6 -6.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 33 1.3 -6.9
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.0 79 10 5.9 -2.3
ONLN ProShares Online Retail ETF 1.0 58 31 3.6 -4.6
XRT SPDR S&P Retail ETF 1.0 35 54 9.7 +1.6
DFAC Dimensional U.S. Core Equity 2 ETF 1.0 17 72 5.6 -2.6
TINY ProShares Nanotechnology ETF 1.0 58 31 1.4 -6.8
PSI Invesco Semiconductors ETF 1.0 57 32 4.5 -3.7
QDEF FlexShares Quality Dividend Defensive Index Fund 1.0 37 52 4.3 -3.9
SDIV Global X Superdividend ETF 1.0 58 31 15.0 +6.9
NDIV Amplify Natural Resources Dividend Income ETF 1.0 59 30 9.4 +1.2
JPRE JPMorgan Realty Income ETF 1.0 50 39 5.7 -2.4
SAGP Strategas Global Policy Opportunities ETF 1.0 65 24 5.3 -2.9
ROUS Hartford Multifactor US Equity ETF 1.0 19 70 6.9 -1.3
DFUV Dimensional US Marketwide Value ETF 1.0 22 67 7.6 -0.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 33 13.6 +5.4
PSIL AdvisorShares Psychedelics ETF 0.9 99 -10 -7.6 -15.8
IBRN iShares Neuroscience and Healthcare ETF 0.9 47 42 -4.6 -12.8
XBI SPDR S&P BIOTECH ETF 0.9 35 54 -3.4 -11.5
MEDX Horizon Kinetics Medical ETF 0.9 85 4 -0.4 -8.5
PKW Invesco Buyback Achievers ETF 0.9 62 27 7.1 -1.1
IBBQ Invesco Nasdaq Biotechnology ETF 0.9 19 70 0.8 -7.4
AVUS Avantis U.S. Equity ETF 0.9 15 74 5.9 -2.2
FLRG Fidelity U.S. Multifactor ETF 0.9 15 74 7.7 -0.5
SCAP InfraCap Small Cap Income ETF 0.9 135 -46 8.0 -0.2
FDWM Fidelity Women's Leadership ETF 0.9 59 30 5.0 -3.1
MILN Global X Millennial Consumer ETF 0.8 50 39 3.1 -5.1
QDF FlexShares Quality Dividend Index Fund 0.8 37 52 4.5 -3.7
REZ iShares Residential and Multisector Real Estate ETF 0.8 48 41 5.7 -2.4
XTL SPDR S&P Telecom ETF 0.8 35 54 6.1 -2.1
PRAY FIS Christian Stock Fund 0.8 69 20 6.0 -2.2
TTAC FCF US Quality ETF 0.8 59 30 6.3 -1.9
CRAK VanEck Oil Refiners ETF 0.8 61 28 13.9 +5.7
FENY Fidelity MSCI Energy Index ETF 0.8 8 81 7.1 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 77 7.1 -1.0
VDE Vanguard Energy ETF 0.8 10 79 7.0 -1.1
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 67 4.0 -4.2
ICAP InfraCap Equity Income Fund ETF 0.8 171 -82 6.5 -1.7
PPH VanEck Pharmaceutical ETF 0.7 36 53 8.4 +0.3
DRLL Strive U.S. Energy ETF 0.7 41 48 8.0 -0.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.7 80 9 4.5 -3.7
GERM ETFMG Treatments Testing and Advancements ETF 0.7 68 21 -4.8 -12.9
FLDZ RiverNorth Patriot ETF 0.7 75 14 5.6 -2.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.7 27 62 7.5 -0.7
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 50 9.5 +1.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.7 50 39 5.4 -2.8
DFSU Dimensional US Sustainability Core 1 ETF 0.7 18 71 5.6 -2.5
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 44 3.6 -4.6
VCR Vanguard Consumer Discretionary ETF 0.7 10 79 4.9 -3.3
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 0 4.9 -3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 29 60 6.1 -2.0
WOOD iShares Global Timber & Forestry ETF 0.7 42 47 9.4 +1.3
VPU Vanguard Utilities ETF 0.6 10 79 6.0 -2.2
CRED Columbia Research Enhanced Real Estate ETF 0.6 33 56 7.5 -0.7
VHT Vanguard Health Care ETF 0.6 10 79 5.3 -2.8
BLOK Amplify Transformational Data Sharing ETF 0.6 75 14 0.9 -7.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.6 8 81 5.0 -3.1
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 74 7.5 -0.7
FHLC Fidelity MSCI Health Care Index ETF 0.6 8 81 5.5 -2.7
FTXO First Trust Nasdaq Bank ETF 0.6 60 29 9.1 +1.0
FUTY Fidelity MSCI Utilities Index ETF 0.6 8 81 6.0 -2.1
SXQG ETC 6 Meridian Quality Growth ETF 0.6 100 -11 4.2 -4.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.6 25 64 7.0 -1.2
RWR SPDR Dow Jones REIT ETF 0.5 25 64 6.5 -1.6
KRUZ Unusual Whales Subversive Republican Trading ETF 0.5 75 14 5.7 -2.5
TPYP Tortoise North American Pipeline Fund 0.5 40 49 5.2 -3.0
IAK iShares U.S. Insurance ETF 0.5 40 49 6.4 -1.8
HART IQ Healthy Hearts ETF 0.5 45 44 5.2 -2.9
XT iShares Exponential Technologies ETF 0.5 46 43 4.7 -3.5
DON WisdomTree U.S. MidCap Dividend Fund 0.5 38 51 8.3 +0.1
HKND Humankind US Stock ETF 0.5 11 78 7.1 -1.1
FRI First Trust S&P REIT Index Fund 0.5 50 39 6.4 -1.8
DFNV Donoghue Forlines Innovation ETF 0.5 69 20 4.9 -3.3
USRT iShares Core U.S. REIT ETF 0.5 8 81 6.8 -1.3
HDUS Hartford Disciplined US Equity ETF 0.4 19 70 6.2 -2.0
AFLG First Trust Active Factor Large Cap ETF 0.4 55 34 6.2 -1.9
DFAR Dimensional US Real Estate ETF 0.4 19 70 6.7 -1.4
EBIZ Global X E-Commerce ETF 0.4 50 39 1.2 -7.0
FCPI Fidelity Stocks for Inflation ETF 0.4 15 74 8.6 +0.4
FVAL Fidelity Value Factor ETF 0.4 15 74 7.3 -0.8
DFAU Dimensional US Core Equity Market ETF 0.4 12 77 5.3 -2.8
AIEQ AI Powered Equity ETF 0.4 75 14 3.4 -4.8
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 85 6.3 -1.9
SCHH Schwab U.S. REIT ETF 0.4 7 82 6.9 -1.2
VIS Vanguard Industrials ETF 0.4 10 79 4.4 -3.7
IBB iShares Biotechnology ETF 0.4 45 44 0.5 -7.7
DTD WisdomTree U.S. Total Dividend Fund 0.4 28 61 6.3 -1.9
CUT Invesco MSCI Global Timber ETF 0.4 61 28 8.2 +0.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 19 10.0 +1.8
FIDU Fidelity MSCI Industrial Index ETF 0.4 8 81 4.8 -3.4
CIBR First Trust NASDAQ Cybersecurity ETF 0.4 60 29 4.2 -3.9
IGE iShares North American Natural Resources ETF 0.4 41 48 6.9 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 39 6.3 -1.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 50 12.7 +4.6
SDY SPDR S&P Dividend ETF 0.4 35 54 6.1 -2.1
VNQ Vanguard Real Estate ETF 0.4 12 77 6.6 -1.5
VAW Vanguard Materials ETF 0.4 10 79 6.4 -1.7
FREL Fidelity MSCI Real Estate Index ETF 0.4 8 81 6.6 -1.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.4 11 78 6.8 -1.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 68 4.0 -4.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 69 1.1 -7.0
FMAT Fidelity MSCI Materials Index ETF 0.3 8 81 6.5 -1.7
VFH Vanguard Financials ETF 0.3 10 79 6.3 -1.9
REET iShares Global REIT ETF 0.3 14 75 6.6 -1.6
ROOF IQ CBRE NextGen Real Estate ETF 0.3 60 29 7.0 -1.2
VTI Vanguard Total Stock Market ETF 0.3 3 86 5.1 -3.1
DVY iShares Select Dividend ETF 0.3 38 51 8.6 +0.4
TXS Texas Capital Texas Equity Index ETF 0.3 49 40 5.3 -2.9
VTHR Vanguard Russell 3000 ETF 0.3 10 79 5.1 -3.0
TMFX Motley Fool Next Index ETF 0.3 50 39 3.0 -5.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 86 5.4 -2.8
DFGR Dimensional Global Real Estate ETF 0.3 22 67 6.5 -1.7
AVRE Avantis Real Estate ETF 0.3 17 72 6.1 -2.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 86 5.1 -3.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 44 5.8 -2.3
IWV iShares Russell 3000 ETF 0.3 20 69 5.0 -3.2
SCHB Schwab U.S. Broad Market ETF 0.3 3 86 5.2 -3.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 77 4.8 -3.3
DFUS Dimensional U.S. Equity ETF 0.3 9 80 5.1 -3.0
XAR SPDR S&P Aerospace & Defense ETF 0.3 35 54 2.5 -5.7
LRGF iShares U.S. Equity Factor ETF 0.3 8 81 5.9 -2.2
VOX Vanguard Communication Services ETF 0.3 10 79 5.1 -3.1
VGT Vanguard Information Technology ETF 0.3 10 79 4.7 -3.5
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 50 7.1 -1.0
FNCL Fidelity MSCI Financials Index ETF 0.3 8 81 6.3 -1.9
DEW WisdomTree Global High Dividend Fund 0.3 58 31 8.7 +0.5
FILL iShares MSCI Global Energy Producers ETF 0.3 39 50 10.0 +1.9
GINN Goldman Sachs Innovate Equity ETF 0.3 52 37 2.7 -5.4
VYM Vanguard High Dividend Yield Index ETF 0.2 6 83 7.1 -1.0
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 47 6.5 -1.7
ITA iShares U.S. Aerospace & Defense ETF 0.2 40 49 2.3 -5.9
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 80 5.1 -3.0
BMED Future Health ETF 0.2 85 4 -0.3 -8.4
FCOM Fidelity MSCI Communication Services Index ETF 0.2 8 81 5.2 -2.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 64 7.1 -1.1
IUS Invesco RAFI Strategic US ETF 0.2 19 70 7.2 -1.0
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 81 4.7 -3.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 59 8.0 -0.1
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 69 9.9 +1.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 85 5.9 -2.2
VIRS Pacer BioThreat Strategy ETF 0.2 70 19 6.1 -2.0
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 59 6.7 -1.4
SCHD Schwab US Dividend Equity ETF 0.2 6 83 9.3 +1.2
PFM Invesco Dividend Achievers ETF 0.2 53 36 5.5 -2.7
MISL First Trust Indxx Aerospace & Defense ETF 0.2 60 29 3.0 -5.2
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 0.2 41 48 11.8 +3.6
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 71 6.5 -1.7
VIG Vanguard Dividend Appreciation ETF 0.2 6 83 5.7 -2.4
SHLD Global X Defense Tech ETF 0.2 50 39 5.0 -3.1
VT Vanguard Total World Stock ETF 0.2 7 82 5.8 -2.4
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 71 4.7 -3.5
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 71 5.6 -2.5
IGV iShares Expanded Tech-Software Sector ETF 0.1 41 48 3.3 -4.8
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 44 9.2 +1.0
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 74 5.9 -2.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 69 7.9 -0.3
DIVB iShares Core Dividend ETF 0.1 5 84 7.8 -0.4
IGPT Invesco AI and Next Gen Software ETF 0.1 60 29 4.3 -3.9
IYH iShares U.S. Healthcare ETF 0.1 40 49 5.9 -2.2
IGM iShares Expanded Tech Sector ETF 0.1 41 48 4.6 -3.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 19 3.8 -4.4
SMMD iShares Russell 2500 ETF 0.1 15 74 5.8 -2.4
DURA VanEck Durable High Dividend ETF 0.1 29 60 7.1 -1.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.1 40 49 4.3 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 69 5.8 -2.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 43 5.4 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 80 5.7 -2.5
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 54 2.5 -5.7
SCHK Schwab 1000 Index ETF 0.1 5 84 5.3 -2.9
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 77 8.2 +0.1
IWS iShares Russell Mid-Cap Value ETF 0.1 23 66 6.5 -1.7
REVS Columbia Research Enhanced Value ETF 0.1 19 70 7.6 -0.6
DGRO iShares Core Dividend Growth ETF 0.1 8 81 6.5 -1.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 69 7.2 -1.0
PTL Inspire 500 ETF 0.1 9 80 5.8 -2.4
IWR iShares Russell Midcap ETF 0.0 19 70 5.6 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 42 5.7 -2.5
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 60 7.2 -1.0
LUXX Roundhill S&P Global Luxury ETF 0.0 45 44 3.0 -5.2
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 14 3.9 -4.2
STXV Strive 1000 Value ETF 0.0 18 71 7.7 -0.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 78 5.2 -3.0
RECS Columbia Research Enhanced Core ETF 0.0 15 74 5.6 -2.5
VONV Vanguard Russell 1000 Value ETF 0.0 8 81 6.6 -1.6
IYY iShares Dow Jones U.S. ETF 0.0 20 69 5.0 -3.1
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 85 6.6 -1.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 61 6.1 -2.1
IWD iShares Russell 1000 Value ETF 0.0 19 70 6.5 -1.7
DSI iShares MSCI KLD 400 Social ETF 0.0 25 64 5.3 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 69 5.1 -3.1
VONE Vanguard Russell 1000 ETF 0.0 8 81 5.3 -2.9
SCHX Schwab U.S. Large-Cap ETF 0.0 3 86 5.3 -2.9
IWB iShares Russell 1000 ETF 0.0 15 74 5.1 -3.0
AVES Avantis Emerging Markets Value ETF 0.0 36 53 10.9 +2.8
PSCC Invesco S&P SmallCap Consumer Staples ETF 0.0 29 60 0.0 -8.2
PSCE Invesco S&P SmallCap Energy ETF 0.0 29 60 0.0 -8.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 ETC 6 Meridian Small Cap Equity 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 14.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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