6 Meridian Small Cap Equity ETF
ALTAR
Score™
9.3% info Recommen-
dation
SPECULATIVE
2022E    2023E
P/E
ratio
9.7x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.3%


  • 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) $61
Currency USD
Expense ratio 100 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 88
Wgt avg mkt cap (mns) $1,745
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 33.2%
Small cap (<$2bn) 66.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INNOVIVA, INC. 2.6 %
AMPHASTAR PHARMACEUTICALS INC 1.7 %
SOUTH JERSEY INDUSTRIES 1.6 %
CAL-MAINE FOODS INC 1.6 %
ASBURY AUTOMOTIVE GROUP 1.4 %
HOSTESS BRANDS, INC. CLASS A 1.4 %
ADVANSIX, INC. 1.4 %
ENCORE WIRE CORP 1.4 %
GROUP 1 AUTOMOTIVE INC 1.4 %
MANTECH INTERNATIONAL CORP-A 1.4 %
Total 15.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %










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.
-14.7% -3.5% -- -- 27.4%

Market Correlations
versus... Beta R-squared
S&P500 0.74 53%
MSCI EAFE 1.07 68%
MSCI Emg. Mkts. 0.83 32%

Technical Indicators
Recent close $43.65
30d moving avg. $45.56
Annualized volatility 15.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.5%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $1,032

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 384 potential alternatives to the 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: 100 bp ALTAR Score™: 9.3%


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 31.1 25 75 7.5 -1.8
CALF Pacer US Small Cap Cash Cows 100 ETF 29.1 59 41 12.3 +2.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 23.8 35 65 10.5 +1.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 21.8 39 61 9.6 +0.3
XSMO Invesco S&P SmallCap Momentum ETF 20.3 39 61 8.9 -0.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 18.7 19 81 8.0 -1.4
SQLV Legg Mason Small-Cap Quality Value 18.6 61 39 9.7 +0.4
ROSC Hartford Multifactor Small Cap ETF 18.4 34 66 10.2 +0.9
DEEP Roundhill Acquirers Deep Value ETF 18.2 80 20 12.4 +3.1
SIXL 6 Meridian Low Beta Equity Strategy ETF 18.1 88 12 5.8 -3.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 17.9 30 70 9.1 -0.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 17.1 15 85 8.0 -1.3
XSHQ Invesco S&P SmallCap Quality ETF 17.1 29 71 9.4 +0.1
AFSM First Trust Active Factor Small Cap ETF 17.1 77 23 8.1 -1.2
SSLY Syntax Stratified SmallCap ETF 16.8 40 60 7.3 -2.1
IJT iShares S&P Small-Cap 600 Growth ETF 16.8 18 82 7.8 -1.5
SLYG SPDR S&P 600 Small Cap Growth ETF 16.7 15 85 7.9 -1.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.5 16 84 8.0 -1.4
IJR iShares Core S&P Small Cap ETF 15.4 6 94 7.6 -1.7
SLY SPDR S&P 600 Small Cap ETF 15.3 15 85 7.5 -1.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 15.3 5 95 7.6 -1.7
VIOO Vanguard S&P Small-Cap 600 ETF 15.3 10 90 7.6 -1.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.0 39 61 9.0 -0.3
XJR iShares ESG Screened S&P Small-Cap ETF 14.9 12 88 7.4 -1.9
SMLE Xtrackers S&P SmallCap 600 ESG ETF 14.9 15 85 7.8 -1.5
ESIX SPDR S&P SmallCap 600 ESG ETF 14.7 12 88 7.9 -1.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 14.6 40 60 7.3 -2.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 14.0 29 71 12.7 +3.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.0 15 85 7.6 -1.7
IJS iShares S&P Small-cap 600 Value ETF 13.9 18 82 7.6 -1.8
SLYV SPDR S&P 600 Small Cap Value ETF 13.9 15 85 7.6 -1.8
PSCF Invesco S&P SmallCap Financials ETF 13.5 29 71 9.6 +0.3
PSCC Invesco S&P SmallCap Consumer Staples ETF 13.1 29 71 5.0 -4.4
DES WisdomTree U.S. SmallCap Dividend Fund 13.1 38 62 8.6 -0.8
SVAL iShares US Small Cap Value Factor ETF 12.6 20 80 10.3 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.4 29 71 7.0 -2.3
PSCU Invesco S&P SmallCap Utilities ETF 12.1 29 71 3.4 -5.9
AVSC Avantis U.S Small Cap Equity ETF 12.0 25 75 5.2 -4.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 11.8 35 65 8.2 -1.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.5 35 65 8.4 -1.0
EES WisdomTree SmallCap Earnings Fund 11.5 38 62 10.1 +0.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 11.3 35 65 8.7 -0.6
FYT First Trust Small Cap Value AlphaDEX Fund 11.2 72 28 12.0 +2.7
TPSC Timothy Plan US Small Cap Core ETF 11.2 52 48 8.3 -1.0
SMDV ProShares Russell 2000 Dividend Growers ETF 11.0 41 59 6.5 -2.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.4 12 88 6.8 -2.5
FYX First Trust Small Cap Core AlphaDEX Fund 10.3 63 37 8.4 -0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 10.3 25 75 8.1 -1.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.2 35 65 7.4 -1.9
FYC First Trust Small Cap Growth AlphaDEX Fund 9.9 71 29 2.7 -6.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.6 38 62 9.4 +0.0
RNSC Small Cap US Equity Select ETF 9.6 60 40 8.4 -1.0
PSC Principal U.S. Small Cap Index ETF 9.3 38 62 7.2 -2.1
VUSE Vident Core US Equity Fund 9.2 48 52 10.1 +0.8
VAMO Cambria Value & Momentum ETF 9.2 64 36 9.8 +0.4
JSML Janus Henderson Small Cap Growth Alpha ETF 9.0 30 70 9.6 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.9 39 61 7.1 -2.2
AVUV Avantis U.S. Small Cap Value ETF 8.8 25 75 9.2 -0.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.6 20 80 4.9 -4.4
CSML IQ Chaikin U.S. Small Cap ETF 8.6 35 65 5.8 -3.6
PSCI Invesco S&P SmallCap Industrials ETF 8.5 29 71 7.8 -1.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 8.1 20 80 6.8 -2.5
FDM First Trust Dow Jones Select Microcap Index Fund 8.0 60 40 8.0 -1.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 8.0 9 91 5.0 -4.4
IWN iShares Russell 2000 Value ETF 8.0 24 76 2.2 -7.2
VTWV Vanguard Russell 2000 Value Index Fund 7.9 15 85 2.6 -6.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.8 60 40 10.8 +1.5
XRT SPDR S&P Retail ETF 7.6 35 65 7.0 -2.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.6 30 70 9.4 +0.1
KSCD KFA Small Cap Quality Dividend Index ETF 7.4 51 49 6.4 -2.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.4 80 20 6.5 -2.9
PSCH Invesco S&P SmallCap Health Care ETF 7.1 29 71 4.7 -4.7
IFRA iShares U.S. Infrastructure ETF 7.0 30 70 6.1 -3.3
ISMD Inspire Small/Mid Cap Impact ETF 7.0 57 43 6.2 -3.2
SYLD Cambria Shareholder Yield ETF 6.7 59 41 11.1 +1.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.2 39 61 4.3 -5.0
SQEW LeaderShares Equity Skew ETF 6.2 75 25 6.3 -3.1
DWAS Invesco DWA SmallCap Momentum ETF 6.1 60 40 4.4 -4.9
DFSV Dimensional US Small Cap Value ETF 6.1 31 69 8.7 -0.6
DFAS Dimensional U.S. Small Cap ETF 6.0 34 66 6.7 -2.6
TMDV ProShares Russell US Dividend Growers ETF 5.9 36 64 5.9 -3.5
IUSS Invesco Strategic US Small Company ETF 5.8 23 77 6.2 -3.2
IWM iShares Russell 2000 ETF 5.8 19 81 1.5 -7.9
VFMF Vanguard U.S. Multifactor ETF 5.8 19 81 9.1 -0.3
ROOF IQ US Real Estate Small Cap ETF 5.8 70 30 7.8 -1.6
VTWO Vanguard Russell 2000 Index Fund 5.7 10 90 1.7 -7.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.7 25 75 6.0 -3.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 5.6 127 -27 4.2 -5.2
RIET Hoya Capital High Dividend Yield ETF 5.5 25 75 9.1 -0.2
FSMD Fidelity Small-Mid Factor ETF 5.4 29 71 8.4 -0.9
PBJ Invesco Dynamic Food & Beverage ETF 5.4 63 37 5.8 -3.6
PJP Invesco Dynamic Pharmaceuticals ETF 5.4 58 42 8.6 -0.8
ISCV iShares Morningstar Small Cap Value ETF 5.4 6 94 8.0 -1.3
PPTY PPTY-U.S. Diversified Real Estate ETF 5.4 49 51 5.4 -3.9
RDOG ALPS REIT Dividend Dogs ETF 5.3 35 65 8.4 -1.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 5.3 35 65 9.3 0.0
VRAI Virtus Real Asset Income ETF 5.3 55 45 6.2 -3.2
FFTY Innovator IBD 50 ETF 5.1 80 20 7.0 -2.3
PSL Invesco DWA Consumer Staples Momentum ETF 5.0 60 40 5.8 -3.5
DFAT Dimensional U.S. Targeted Value ETF 5.0 34 66 8.3 -1.0
PSCT Invesco S&P SmallCap Information Technology ETF 4.8 29 71 6.2 -3.1
VFQY Vanguard U.S. Quality Factor ETF 4.7 13 87 8.0 -1.4
BFOR Barron's 400 ETF 4.6 70 30 8.6 -0.7
FIW First Trust Water ETF 4.5 54 46 4.3 -5.1
PHO Invesco Water Resources ETF 4.5 60 40 4.1 -5.2
IWC iShares Micro-Cap ETF 4.5 60 40 -21.9 -31.2
OSCV Opus Small Cap Value Plus ETF 4.2 79 21 5.2 -4.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.2 48 52 7.5 -1.8
ISCB iShares Morningstar Small-Cap ETF 4.2 4 96 5.1 -4.2
RAYD Rayliant Quantitative Developed Market Equity ETF 4.0 80 20 8.9 -0.4
SCHA Schwab U.S. Small-Cap ETF 3.9 4 96 5.5 -3.8
FITE SPDR Kensho Future Security ETF 3.9 45 55 3.5 -5.9
VFMV Vanguard U.S. Minimum Volatility ETF 3.9 13 87 5.9 -3.5
ACTV LeaderShares Activist Leaders ETF 3.8 75 25 8.0 -1.4
WDIV SPDR Global Dividend ETF 3.7 40 60 8.9 -0.4
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.7 60 40 6.2 -3.1
PSCM Invesco S&P SmallCap Materials ETF 3.6 29 71 6.0 -3.3
PRN Invesco DWA Industrials Momentum ETF 3.6 60 40 6.4 -2.9
BFIT Global X Health & Wellness ETF 3.6 50 50 6.0 -3.4
RESI Kelly Residential & Apartment Real Estate ETF 3.5 68 32 4.0 -5.4
VFVA Vanguard U.S. Value Factor ETF 3.4 14 86 11.0 +1.6
IWO iShares Russell 2000 Growth ETF 3.3 24 76 1.0 -8.4
AQWA Global X Clean Water ETF 3.3 50 50 4.7 -4.6
VTWG Vanguard Russell 2000 Growth Index Fund 3.3 15 85 1.0 -8.3
DIV Global X SuperDividend US ETF 3.2 45 55 6.0 -3.3
XPH SPDR S&P Pharmaceuticals ETF 3.2 35 65 3.5 -5.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.2 6 94 5.6 -3.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 3.2 95 5 2.4 -6.9
BKSE BNY Mellon US Small Cap Core Equity ETF 3.2 4 96 5.9 -3.5
RYLD Global X Russell 2000 Covered Call ETF 3.1 60 40 1.2 -8.1
SDY SPDR S&P Dividend ETF 3.1 35 65 6.3 -3.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.1 30 70 9.5 +0.2
TPYP Tortoise North American Pipeline Fund 3.1 40 60 4.3 -5.0
HLGE Hartford Longevity Economy ETF 3.1 44 56 8.0 -1.4
KRE SPDR S&P Regional Banking ETF 3.1 35 65 9.5 +0.1
CVAR Cultivar ETF 3.0 87 13 7.6 -1.7
AMER Emles Made in America ETF 3.0 49 51 8.4 -0.9
CGW Invesco S&P Global Water Index ETF 3.0 57 43 4.5 -4.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.0 17 83 5.5 -3.9
EBLU Ecofin Global Water ESG Fund 2.9 40 60 4.4 -4.9
HOMZ Hoya Capital Housing ETF 2.9 30 70 9.3 -0.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 2.9 35 65 8.2 -1.1
RFFC RiverFront Dynamic US Flex-Cap ETF 2.9 52 48 5.6 -3.8
NETL NETLease Corporate Real Estate ETF 2.9 60 40 7.3 -2.0
VBR Vanguard Small Cap Value Index Fund 2.8 7 93 8.2 -1.1
ISCG iShares Morningstar Small-Cap Growth ETF 2.8 6 94 1.5 -7.9
VFMO Vanguard U.S. Momentum Factor ETF 2.7 13 87 6.0 -3.4
PYZ Invesco DWA Basic Materials Momentum ETF 2.7 60 40 9.2 -0.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.6 60 40 7.9 -1.4
PFI Invesco DWA Financial Momentum ETF 2.6 60 40 5.6 -3.7
ROKT SPDR S&P Kensho Final Frontiers ETF 2.5 45 55 3.8 -5.5
NURE Nuveen Short-Term REIT ETF 2.5 35 65 4.3 -5.1
PEY Invesco High Yield Equity Dividend Achievers ETF 2.5 53 47 7.9 -1.5
REZ iShares Residential Real Estate Capped ETF 2.5 48 52 4.7 -4.6
FVD First Trust Value Line Dividend Index Fund 2.4 70 30 5.9 -3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 2.3 70 30 9.9 +0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.3 63 37 4.5 -4.9
VB Vanguard Small-Cap ETF 2.3 5 95 6.1 -3.3
SRET Global X SuperDividend REIT ETF 2.3 58 42 8.9 -0.5
PUI Invesco DWA Utilities Momentum ETF 2.2 60 40 5.1 -4.2
VXF Vanguard Extended Market Index Fund 2.2 6 94 2.6 -6.8
PPA Invesco Aerospace & Defense ETF 2.1 61 39 5.0 -4.3
ICAP InfraCap Equity Income Fund ETF 2.1 80 20 8.5 -0.9
ITB iShares U.S. Home Construction ETF 2.0 41 59 15.5 +6.1
XHB SPDR S&P Homebuilders ETF 2.0 35 65 11.9 +2.6
CTRU ARK Transparency ETF 2.0 55 45 2.8 -6.5
EZM WisdomTree U.S. MidCap Earnings Fund 2.0 38 62 9.8 +0.5
IHE iShares U.S. Pharmaceuticals ETF 2.0 42 58 6.8 -2.6
XTN SPDR S&P Transportation ETF 1.9 35 65 1.1 -8.3
NUSC Nuveen ESG Small-Cap ETF 1.9 30 70 5.7 -3.7
KCE SPDR S&P Capital Markets ETF 1.9 35 65 10.9 +1.6
SAGP Strategas Global Policy Opportunities ETF 1.8 65 35 7.1 -2.2
FUTY Fidelity MSCI Utilities Index ETF 1.8 8 92 5.5 -3.9
CVY Invesco Zacks Multi-Asset Income ETF 1.8 100 0 9.5 +0.1
RWR SPDR Dow Jones REIT ETF 1.8 25 75 5.8 -3.6
BLDG Cambria Global Real Estate ETF 1.7 59 41 6.4 -2.9
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 1.7 60 40 4.1 -5.3
AIEQ AI Powered Equity ETF 1.6 80 20 3.5 -5.9
VPU Vanguard Utilities Index Fund 1.6 10 90 5.4 -3.9
FSTA Fidelity MSCI Consumer Staples Index ETF 1.6 8 92 5.2 -4.1
ETHO Etho Climate Leadership U.S. ETF 1.6 48 52 4.6 -4.7
FRI First Trust S&P REIT Index Fund 1.6 50 50 5.2 -4.1
VDC Vanguard Consumer Staples Index Fund 1.5 10 90 5.2 -4.1
NVQ QRAFT AI-Enhanced US Next Value ETF 1.5 75 25 10.7 +1.3
USRT iShares Core U.S. REIT ETF 1.5 8 92 5.9 -3.4
PWC Invesco Dynamic Market ETF 1.5 60 40 6.2 -3.1
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 58 6.5 -2.9
DFAR Dimensional US Real Estate ETF 1.4 19 81 5.5 -3.8
IBBJ Defiance Nasdaq Junior Biotechnology ETF 1.4 45 55 0.0 -9.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.4 25 75 6.3 -3.0
WGRO WisdomTree U.S. Growth & Momentum Fund 1.4 55 45 7.1 -2.2
FTXG First Trust Nasdaq Food & Beverage ETF 1.4 60 40 5.5 -3.8
ITA iShares U.S. Aerospace & Defense ETF 1.4 42 58 5.9 -3.4
VBK Vanguard Small-Cap Growth Index Fund 1.4 7 93 2.5 -6.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.4 49 51 7.3 -2.1
AIRR First Trust RBA American Industrial Renaissance ETF 1.4 70 30 6.7 -2.6
FEDX Emles Federal Contractors ETF 1.4 60 40 7.8 -1.6
KOMP SPDR Kensho New Economies Composite ETF 1.4 20 80 0.9 -8.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 1.3 11 89 5.8 -3.6
VICE AdvisorShares Vice ETF 1.3 99 1 4.8 -4.5
MJ ETFMG Alternative Harvest ETF 1.3 75 25 -37.1 -46.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 1.3 60 40 9.1 -0.3
XAR SPDR S&P Aerospace & Defense ETF 1.3 35 65 3.9 -5.5
PRNT The 3D Printing ETF 1.3 66 34 -10.7 -20.1
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 11 6.4 -2.9
IHAK iShares Cybersecurity & Tech ETF 1.3 47 53 3.8 -5.5
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.3 64 36 7.4 -1.9
PTH Invesco DWA Healthcare Momentum ETF 1.3 60 40 2.2 -7.2
SCHH Schwab U.S. REIT ETF 1.3 7 93 5.6 -3.7
FPRO Fidelity Real Estate Investment ETF 1.3 59 41 4.8 -4.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 1.3 46 54 6.5 -2.8
PSJ Invesco Dynamic Software ETF 1.3 56 44 3.7 -5.6
GURU Global X Guru Index ETF 1.2 75 25 1.4 -8.0
ARB AltShares Merger Arbitrage ETF 1.2 67 33 7.5 -1.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.2 70 30 4.4 -5.0
HAIL SPDR S&P Kensho Smart Mobility ETF 1.2 45 55 3.2 -6.1
XITK SPDR FactSet Innovative Technology ETF 1.2 45 55 -3.2 -12.6
MOON Direxion Moonshot Innovators ETF 1.2 65 35 -21.6 -30.9
MBOX Freedom Day Dividend ETF 1.2 39 61 7.8 -1.6
RWO SPDR Dow Jones Global Real Estate ETF 1.2 50 50 5.3 -4.1
KVLE KFA Value Liner Dynamic Core Equity Index ETF 1.2 56 44 6.9 -2.4
BYTE Roundhill IO Digital Infrastructure ETF 1.2 75 25 3.5 -5.9
AFMC First Trust Active Factor Mid Cap ETF 1.2 65 35 9.0 -0.3
SAMT Strategas Macro Thematic Opportunities ETF 1.2 65 35 3.3 -6.0
SEA U.S. Global Sea to Sky Cargo ETF 1.1 60 40 20.8 +11.5
BOAT SonicShares Global Shipping ETF 1.1 69 31 15.0 +5.7
QVAL Alpha Architect U.S. Quantitative Value ETF 1.1 49 51 13.0 +3.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.1 60 40 11.5 +2.2
FREL Fidelity MSCI Real Estate Index ETF 1.1 9 92 5.7 -3.7
SDIV Global X SuperDividend ETF 1.1 59 41 30.5 +21.2
REM iShares Mortgage Real Estate ETF 1.1 48 52 13.3 +3.9
MORT VanEck Mortgage REIT Income ETF 1.1 40 60 12.5 +3.2
REET iShares Global REIT ETF 1.1 14 86 5.6 -3.7
KBE SPDR S&P Bank ETF 1.1 35 65 10.7 +1.4
KBWR Invesco KBW Regional Banking ETF 1.1 35 65 9.5 +0.2
GBGR Global Beta Momentum-Growth ETF 1.1 29 71 1.9 -7.5
XTL SPDR S&P Telecom ETF 1.1 35 65 5.6 -3.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.0 52 48 8.1 -1.3
IAI iShares U.S. Broker-Dealers ETF 1.0 41 59 9.6 +0.2
PKB Invesco Dynamic Building & Construction ETF 1.0 60 40 12.5 +3.2
XSW SPDR S&P Software & Services ETF 1.0 35 65 3.9 -5.4
HKND Humankind US Stock ETF 1.0 11 89 6.8 -2.6
PSR Invesco Active U.S. Real Estate Fund 1.0 35 65 4.9 -4.4
RYJ Invesco Raymond James SB-1 Equity ETF 1.0 75 25 3.6 -5.8
DFAC Dimensional U.S. Core Equity 2 ETF 1.0 19 81 6.6 -2.7
TMFS Motley Fool Small Cap Growth ETF 1.0 85 15 2.7 -6.7
XHE SPDR S&P Health Care Equipment ETF 1.0 35 65 -1.3 -10.6
HACK ETFMG Prime Cyber Security ETF 1.0 60 40 3.7 -5.7
AVUS Avantis U.S. Equity ETF 1.0 15 85 6.8 -2.5
VNQ Vanguard REIT Index Fund 1.0 12 88 5.8 -3.6
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 1.0 60 40 5.6 -3.8
VFLQ Vanguard U.S. Liquidity Factor ETF 1.0 13 87 1.9 -7.4
ECLN First Trust EIP Carbon Impact ETF 1.0 97 3 3.3 -6.0
VCR Vanguard Consumer Discretionary Index Fund 0.9 10 90 5.4 -4.0
MGMT Ballast Small/Mid Cap ETF 0.9 110 -10 8.5 -0.8
DTOX Amplify Cleaner Living ETF 0.9 59 41 -0.9 -10.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.9 8 92 5.5 -3.9
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.9 60 40 3.2 -6.1
FTHI First Trust High Income ETF 0.9 85 15 5.9 -3.4
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 0.9 85 15 6.9 -2.5
ROBO Robo Global Robotics & Automation Index ETF 0.9 95 5 3.5 -5.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.9 68 32 0.5 -8.8
EDOC Global X Telemedicine & Digital Health ETF 0.9 68 32 -0.7 -10.0
BOUT Innovator IBD Breakout Opportunities ETF 0.9 84 16 5.9 -3.4
IECS iShares Evolved U.S. Consumer Staples ETF 0.9 18 82 5.3 -4.1
TPAY Tortoise Digital Payments Infrastructure Fund 0.8 40 60 13.2 +3.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 40 7.6 -1.8
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 55 6.2 -3.1
AVRE Avantis Real Estate ETF 0.8 17 83 5.5 -3.8
BLOK Amplify Transformational Data Sharing ETF 0.8 71 29 5.3 -4.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.8 68 32 4.1 -5.3
RITA ETFB Green SRI REITs ETF 0.8 50 50 4.3 -5.1
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 88 7.8 -1.5
DRW WisdomTree Global ex-US Real Estate Fund 0.8 58 42 4.3 -5.1
IWFH iShares Virtual Work and Life Multisector ETF 0.8 47 53 -1.2 -10.5
IYT iShares Transportation Average ETF 0.8 42 58 2.9 -6.5
BMED BlackRock Future Health ETF 0.7 85 15 2.0 -7.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 47 53 4.5 -4.9
RNMC Mid Cap US Equity Select ETF 0.7 60 40 7.7 -1.7
NZRO Strategy Shares Halt Climate Change ETF 0.7 95 5 1.9 -7.5
XME SPDR S&P Metals & Mining ETF 0.7 35 65 7.5 -1.9
APXH Apex Healthcare ETF 0.7 90 10 8.4 -1.0
FIVG Defiance Next Gen Connectivity ETF 0.7 30 70 6.4 -2.9
CNCR Loncar Cancer Immunotherapy ETF 0.7 79 21 -4.9 -14.2
NIFE Direxion Fallen Knives ETF 0.7 50 50 -6.1 -15.4
XBI SPDR S&P BIOTECH ETF 0.6 35 65 -7.2 -16.6
LVHD Legg Mason Low Volatility High Dividend ETF 0.6 27 73 7.3 -2.1
MILN Global X Millennial Consumer ETF 0.6 50 50 3.2 -6.2
SLX VanEck Steel ETF 0.6 56 44 25.3 +16.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 30 9.6 +0.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 30 5.3 -4.0
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.5 79 21 -24.5 -33.8
VIS Vanguard Industrials Index Fund 0.5 10 90 5.7 -3.7
DHS WisdomTree U.S. High Dividend Fund 0.5 38 62 7.6 -1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 93 5.6 -3.7
IBBQ Invesco Nasdaq Biotechnology ETF 0.5 0 100 0.1 -9.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 75 7.0 -2.3
DFAU Dimensional US Core Equity Market ETF 0.5 12 88 6.2 -3.2
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.5 69 31 7.2 -2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 30 70 7.0 -2.4
FIDU Fidelity MSCI Industrials Index ETF 0.4 8 92 6.1 -3.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.4 21 79 3.9 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 91 6.1 -3.3
GRES IQ Global Resources ETF 0.4 30 70 7.2 -2.1
VFH Vanguard Financials Index Fund 0.4 10 90 8.9 -0.4
BTEC Principal Healthcare Innovators Index ETF 0.4 42 58 -13.5 -22.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 54 6.9 -2.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 35 3.0 -6.3
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 97 6.1 -3.2
FNCL Fidelity MSCI Financials Index ETF 0.4 8 92 8.9 -0.4
PAVE Global X U.S. Infrastructure Development ETF 0.4 47 53 7.2 -2.1
WBIY WBI Power Factor High Dividend ETF 0.4 70 30 10.3 +0.9
DTD WisdomTree U.S.Total Dividend Fund 0.3 28 72 6.9 -2.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 88 5.5 -3.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 97 5.6 -3.8
IWV iShares Russell 3000 ETF 0.3 20 80 5.5 -3.8
VTHR Vanguard Russell 3000 Index Fund 0.3 10 90 5.6 -3.7
VTI Vanguard Total Stock Market Index Fund 0.3 3 97 5.5 -3.9
SCHB Schwab U.S. Broad Market ETF 0.3 3 97 5.8 -3.5
AGNG Global X Aging Population ETF 0.3 50 50 3.9 -5.5
SFYX Sofi Next 500 ETF 0.3 0 100 6.6 -2.7
VEGI iShares MSCI Global Agriculture Producers ETF 0.3 39 61 5.8 -3.6
DVY iShares Select Dividend ETF 0.3 39 61 8.3 -1.0
DFUS Dimensional U.S. Equity ETF 0.3 11 89 5.9 -3.4
PKW Invesco Buyback Achievers ETF 0.3 64 36 8.9 -0.4
HAP VanEck Natural Resources ETF 0.3 49 51 6.4 -3.0
FMAT Fidelity MSCI Materials Index ETF 0.3 8 92 7.0 -2.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 0.3 18 82 4.9 -4.5
IEFN iShares Evolved U.S. Financials ETF 0.3 18 82 9.1 -0.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 91 6.0 -3.4
IEME iShares Evolved U.S. Media & Entertainment ETF 0.2 18 82 5.4 -4.0
ROUS Hartford Multifactor US Equity ETF 0.2 19 81 7.3 -2.0
IYR iShares U.S. Real Estate ETF 0.2 41 59 5.7 -3.7
IAK iShares U.S. Insurance ETF 0.2 42 58 7.9 -1.5
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 61 7.2 -2.1
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 92 6.2 -3.2
VHT Vanguard Health Care Index Fund 0.2 10 90 6.2 -3.1
SXQG 6 Meridian Quality Growth ETF 0.2 100 0 5.2 -4.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.2 50 50 3.1 -6.2
FPX First Trust US IPO Index Fund 0.2 57 43 2.5 -6.8
UFO Procure Space ETF 0.2 75 25 1.8 -7.5
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 69 31 3.6 -5.7
VOX Vanguard Telecommunication Services Index Fund 0.2 10 90 6.5 -2.8
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.2 8 92 6.7 -2.6
SCHD Schwab U.S. Dividend Equity ETF 0.2 6 94 8.5 -0.8
BTHM BlackRock Future U.S. Themes ETF 0.2 60 40 6.0 -3.3
FDL First Trust Morningstar Dividend Leaders Index Fund 0.2 45 55 8.4 -0.9
VAW Vanguard Materials Index Fund 0.2 10 90 7.0 -2.4
JHMH John Hancock Multifactor Healthcare ETF 0.2 40 60 6.9 -2.5
VT Vanguard Total World Stock ETF 0.2 8 92 6.3 -3.1
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 62 8.4 -1.0
FLDZ RiverNorth Volition America Patriot ETF 0.1 70 30 5.5 -3.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 0.1 18 82 5.9 -3.4
PFM Invesco Dividend Achievers ETF 0.1 53 47 6.1 -3.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 53 5.7 -3.6
SHE SPDR SSGA Gender Diversity Index ETF 0.1 20 80 5.8 -3.6
VIG Vanguard Dividend Appreciation Index Fund 0.1 6 94 6.3 -3.0
VYM Vanguard High Dividend Yield Index ETF 0.1 6 94 7.6 -1.8
TECB iShares US Tech Breakthrough Multisector ETF 0.1 40 60 5.5 -3.8
IHI iShares U.S. Medical Devices ETF 0.1 41 59 4.2 -5.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 75 7.1 -2.2
IGV iShares Expanded Tech-Software ETF 0.1 43 57 3.9 -5.5
DEW WisdomTree Global High Dividend Fund 0.1 58 42 8.2 -1.1
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 71 7.6 -1.7
IHF iShares U.S. Healthcare Providers ETF 0.1 42 58 6.2 -3.1
TMFX Motley Fool Next Index ETF 0.1 50 50 3.7 -5.6
DGRO iShares Core Dividend Growth ETF 0.1 8 92 7.3 -2.1
IUS Invesco Strategic US ETF 0.1 19 81 6.8 -2.6
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 82 4.9 -4.4
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 92 5.7 -3.7
VGT Vanguard Information Technology Index Fund 0.1 10 90 5.7 -3.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 50 7.4 -2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 61 11.4 +2.1
IGM iShares Expanded Tech Sector ETF 0.1 43 57 5.3 -4.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 41 59 6.7 -2.7
VDNI V-Shares US Leadership Diversity ETF 0.1 29 71 6.2 -3.2
EMLP First Trust North American Energy Infrastructure Fund 0.1 96 4 4.8 -4.6
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 73 7.4 -1.9
IBB iShares NASDAQ Biotechnology ETF 0.1 45 55 0.2 -9.2
DSI iShares MSCI KLD 400 Social ETF 0.0 25 75 5.9 -3.4
IYY iShares Dow Jones U.S. ETF 0.0 20 80 5.7 -3.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 15 85 6.1 -3.3
SCHK Schwab 1000 Index ETF 0.0 5 95 5.9 -3.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.0 28 72 6.8 -2.6

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

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RESULTS & ESTIMATES

  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:
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 14.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 100 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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