6 Meridian Small Cap Equity ETF
ALTAR
Score™
11.4% info Recommen-
dation
SPECULATIVE
2022E    2023E
P/E
ratio
7.9x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
2.5%


  • 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) $57
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 86
Wgt avg mkt cap (mns) $1,558
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 31.1%
Small cap (<$2bn) 68.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INNOVIVA, INC. 2.3 %
ENCORE CAPITAL GROUP INC 1.8 %
AMBAC FINANCIAL GROUP INC 1.4 %
MERCER INTERNATIONAL INC 1.3 %
SONIC AUTOMOTIVE INC-CLASS A 1.3 %
SHOE CARNIVAL INC 1.3 %
HORACE MANN EDUCATORS 1.2 %
SAFETY INSURANCE GROUP INC 1.2 %
INSTEEL INDUSTRIES INC 1.2 %
ENOVA INTERNATIONAL INC 1.2 %
Total 14.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
NETHERLANDS 1.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.9% -19.6% -- -- -2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.80 71%
MSCI EAFE 1.03 80%
MSCI Emg. Mkts. 0.95 45%

Technical Indicators
Recent close $39.54
30d moving avg. $40.85
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.5%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,051

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 369 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™: 11.4%


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 26.5 25 75 9.0 -2.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 25.0 39 61 12.9 +1.5
CALF Pacer US Small Cap Cash Cows 100 ETF 24.7 59 41 13.5 +2.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 21.9 35 65 9.8 -1.7
DEEP Roundhill Acquirers Deep Value ETF 21.6 80 20 18.6 +7.2
XSHQ Invesco S&P SmallCap Quality ETF 19.6 29 71 10.5 -0.9
SIXL 6 Meridian Low Beta Equity Strategy ETF 18.5 82 18 6.8 -4.7
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 17.7 19 81 8.8 -2.6
AFSM First Trust Active Factor Small Cap ETF 17.3 75 25 8.8 -2.6
ROSC Hartford Multifactor Small Cap ETF 16.8 34 66 11.9 +0.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 16.4 15 85 8.5 -3.0
SQLV Legg Mason Small-Cap Quality Value 16.2 61 39 12.5 +1.1
XSMO Invesco S&P SmallCap Momentum ETF 15.6 39 61 7.0 -4.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 15.6 35 65 10.2 -1.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.5 39 61 10.0 -1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 15.2 15 85 8.4 -3.1
SSLY Syntax Stratified SmallCap ETF 15.1 35 65 7.9 -3.5
IJS iShares S&P Small-cap 600 Value ETF 15.1 18 82 8.4 -3.0
SLYV SPDR S&P 600 Small Cap Value ETF 15.1 15 85 8.5 -3.0
SMLE Xtrackers S&P SmallCap 600 ESG ETF 14.6 15 85 8.6 -2.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 14.5 5 95 8.2 -3.2
SLY SPDR S&P 600 Small Cap ETF 14.5 15 85 8.1 -3.3
IJR iShares Core S&P Small Cap ETF 14.5 6 94 8.2 -3.2
VIOO Vanguard S&P Small-Cap 600 ETF 14.3 10 90 8.2 -3.3
ESIX SPDR S&P SmallCap 600 ESG ETF 14.3 12 88 8.7 -2.8
XJR iShares ESG Screened S&P Small-Cap ETF 14.2 12 88 7.9 -3.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 14.0 40 60 8.1 -3.4
IJT iShares S&P Small-Cap 600 Growth ETF 13.9 18 82 8.1 -3.3
SLYG SPDR S&P 600 Small Cap Growth ETF 13.9 15 85 8.1 -3.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 13.6 29 71 14.7 +3.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 13.4 15 85 8.2 -3.2
SVAL iShares US Small Cap Value Factor ETF 13.3 20 80 11.5 +0.0
SMDV ProShares Russell 2000 Dividend Growers ETF 12.8 41 59 6.9 -4.5
PSCF Invesco S&P SmallCap Financials ETF 12.7 29 71 10.6 -0.8
PSCC Invesco S&P SmallCap Consumer Staples ETF 12.3 29 71 5.8 -5.7
EES WisdomTree SmallCap Earnings Fund 11.5 38 62 11.3 -0.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 11.4 30 70 12.9 +1.5
DES WisdomTree U.S. SmallCap Dividend Fund 11.1 38 62 10.0 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.0 29 71 8.2 -3.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.0 39 61 8.0 -3.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 10.8 35 65 9.4 -2.0
TPSC Timothy Plan US Small Cap Core ETF 10.7 52 48 8.9 -2.6
FYT First Trust Small Cap Value AlphaDEX Fund 10.6 71 29 15.4 +3.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.4 35 65 8.8 -2.7
AVUV Avantis U.S. Small Cap Value ETF 10.4 25 75 10.6 -0.9
VAMO Cambria Value & Momentum ETF 10.3 64 36 11.6 +0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.3 20 80 6.1 -5.3
JSML Janus Henderson Small Cap Growth Alpha ETF 10.0 30 70 11.0 -0.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.8 38 62 10.7 -0.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 9.6 12 88 7.4 -4.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.6 35 65 10.1 -1.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 9.4 25 75 8.8 -2.7
FDM First Trust Dow Jones Select Microcap Index Fund 9.4 60 40 5.9 -5.5
FYX First Trust Small Cap Core AlphaDEX Fund 9.1 61 39 10.5 -1.0
PSCU Invesco S&P SmallCap Utilities ETF 9.0 29 71 3.5 -7.9
PSCH Invesco S&P SmallCap Health Care ETF 8.9 29 71 3.1 -8.3
AVSC Avantis U.S Small Cap Equity ETF 8.9 25 75 5.5 -5.9
VUSE Vident Core US Equity Fund 8.7 50 50 11.4 +0.0
PSCI Invesco S&P SmallCap Industrials ETF 8.4 29 71 8.7 -2.8
PSC Principal U.S. Small Cap Index ETF 8.2 38 62 8.2 -3.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 8.0 9 91 5.0 -6.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.0 60 40 12.4 +1.0
KSCD KFA Small Cap Quality Dividend Index ETF 7.9 51 49 6.6 -4.9
CSML IQ Chaikin U.S. Small Cap ETF 7.8 35 65 6.3 -5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.8 20 80 7.6 -3.8
SYLD Cambria Shareholder Yield ETF 7.8 59 41 12.5 +1.1
IWN iShares Russell 2000 Value ETF 7.5 23 77 6.4 -5.1
VTWV Vanguard Russell 2000 Value Index Fund 7.5 15 85 6.6 -4.9
FYC First Trust Small Cap Growth AlphaDEX Fund 7.3 70 30 3.6 -7.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.2 30 70 10.1 -1.4
RNSC Small Cap US Equity Select ETF 7.0 60 40 10.2 -1.2
IFRA iShares U.S. Infrastructure ETF 6.8 30 70 7.0 -4.4
DFSV Dimensional US Small Cap Value ETF 6.8 31 69 9.3 -2.2
TMDV ProShares Russell US Dividend Growers ETF 6.6 36 64 6.7 -4.7
NVQ QRAFT AI-Enhanced US Next Value ETF 6.5 75 25 10.8 -0.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.5 80 20 7.1 -4.3
VFMV Vanguard U.S. Minimum Volatility ETF 6.4 13 87 7.1 -4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.2 39 61 5.1 -6.3
ISMD Inspire Small/Mid Cap Impact ETF 6.1 48 52 6.9 -4.5
DFAT Dimensional U.S. Targeted Value ETF 5.9 29 71 9.3 -2.2
XRT SPDR S&P Retail ETF 5.8 35 65 6.7 -4.8
PSCM Invesco S&P SmallCap Materials ETF 5.7 29 71 7.0 -4.4
DFAS Dimensional U.S. Small Cap ETF 5.5 28 72 7.3 -4.2
XPH SPDR S&P Pharmaceuticals ETF 5.5 35 65 1.6 -9.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.4 25 75 7.1 -4.3
BFOR Barron's 400 ETF 5.3 65 35 9.4 -2.0
IWM iShares Russell 2000 ETF 5.3 19 81 4.2 -7.3
ISCV iShares Morningstar Small Cap Value ETF 5.2 6 94 8.8 -2.6
VTWO Vanguard Russell 2000 Index Fund 5.2 10 90 4.3 -7.1
VFMF Vanguard U.S. Multifactor ETF 5.1 18 82 10.3 -1.2
FSMD Fidelity Small-Mid Factor ETF 5.1 29 71 8.8 -2.6
KRE SPDR S&P Regional Banking ETF 5.0 35 65 9.5 -1.9
IUSS Invesco Strategic US Small Company ETF 4.9 23 77 7.2 -4.2
SQEW LeaderShares Equity Skew ETF 4.7 75 25 6.8 -4.6
QVAL Alpha Architect U.S. Quantitative Value ETF 4.6 49 51 13.7 +2.3
ACTV LeaderShares Activist Leaders ETF 4.6 75 25 12.2 +0.8
FIW First Trust Water ETF 4.5 53 47 4.3 -7.2
VFQY Vanguard U.S. Quality Factor ETF 4.4 13 87 8.9 -2.5
RYLD Global X Russell 2000 Covered Call ETF 4.4 60 40 3.9 -7.5
PJP Invesco Dynamic Pharmaceuticals ETF 4.3 58 42 11.7 +0.3
PHO Invesco Water Resources ETF 4.3 60 40 4.5 -6.9
DWAS Invesco DWA SmallCap Momentum ETF 4.2 60 40 -0.0 -11.4
KBE SPDR S&P Bank ETF 4.2 35 65 10.5 -0.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 3.9 24 76 8.6 -2.9
VFVA Vanguard U.S. Value Factor ETF 3.7 13 87 12.6 +1.2
BFIT Global X Health & Wellness ETF 3.7 50 50 6.2 -5.3
SCHA Schwab U.S. Small-Cap ETF 3.7 4 96 5.6 -5.9
ISCB iShares Morningstar Small-Cap ETF 3.6 4 96 5.2 -6.3
PKB Invesco Dynamic Building & Construction ETF 3.5 60 40 12.7 +1.3
HOMZ Hoya Capital Housing ETF 3.5 30 70 11.0 -0.4
OSCV Opus Small Cap Value Plus ETF 3.5 79 21 6.3 -5.2
RIET Hoya Capital High Dividend Yield ETF 3.4 50 50 11.0 -0.4
ITB iShares U.S. Home Construction ETF 3.4 39 61 16.8 +5.4
AQWA Global X Clean Water ETF 3.4 50 50 5.2 -6.3
PEY Invesco High Yield Equity Dividend Achievers ETF 3.3 53 47 9.5 -1.9
QABA First Trust NASDAQ ABA Community Bank Index Fund 3.3 60 40 8.9 -2.5
GVLU Gotham 1000 Value ETF 3.3 50 50 11.3 -0.1
WDIV SPDR Global Dividend ETF 3.3 40 60 10.2 -1.3
IWC iShares Micro-Cap ETF 3.3 60 40 -6.0 -17.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.3 30 70 9.7 -1.7
DIV Global X SuperDividend US ETF 3.2 45 55 7.1 -4.4
PRN Invesco DWA Industrials Momentum ETF 3.2 60 40 5.5 -5.9
SBIO ALPS Medical Breakthroughs ETF 3.2 50 50 -0.9 -12.3
GERM ETFMG Treatments Testing and Advancements ETF 3.1 68 32 -8.9 -20.3
PWC Invesco Dynamic Market ETF 3.1 60 40 7.6 -3.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.0 6 94 5.8 -5.6
VFMO Vanguard U.S. Momentum Factor ETF 3.0 13 87 5.2 -6.2
XBI SPDR S&P BIOTECH ETF 3.0 35 65 0.0 -11.4
CGW Invesco S&P Global Water Index ETF 3.0 57 43 4.8 -6.6
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 3.0 48 52 8.7 -2.8
VTWG Vanguard Russell 2000 Growth Index Fund 3.0 15 85 2.1 -9.3
IBBJ Defiance Nasdaq Junior Biotechnology ETF 3.0 45 55 0.0 -11.4
EBLU Ecofin Global Water ESG Fund 2.9 40 60 4.4 -7.0
VBR Vanguard Small Cap Value Index Fund 2.9 7 93 8.8 -2.6
BBC Virtus LifeSci Biotech Clinical Trials ETF 2.9 79 21 0.0 -11.4
IWO iShares Russell 2000 Growth ETF 2.9 23 77 1.9 -9.5
BKSE BNY Mellon US Small Cap Core Equity ETF 2.9 4 96 6.0 -5.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.9 17 83 5.8 -5.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 2.8 36 64 9.8 -1.7
NUSC Nuveen ESG Small-Cap ETF 2.7 30 70 6.2 -5.3
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 69 31 12.0 +0.6
AMER Emles Made in America ETF 2.6 49 51 9.6 -1.9
FVD First Trust Value Line Dividend Index Fund 2.5 67 33 6.8 -4.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.4 60 40 8.7 -2.7
KBWR Invesco KBW Regional Banking ETF 2.3 35 65 9.1 -2.3
ETHO Etho Climate Leadership U.S. ETF 2.3 47 53 4.9 -6.5
PYZ Invesco DWA Basic Materials Momentum ETF 2.3 60 40 11.8 +0.4
PSL Invesco DWA Consumer Staples Momentum ETF 2.3 60 40 5.1 -6.4
KBWY Invesco KBW Premium Yield Equity REIT ETF 2.3 35 65 12.6 +1.2
RDOG ALPS REIT Dividend Dogs ETF 2.3 35 65 10.7 -0.7
ROOF IQ US Real Estate Small Cap ETF 2.3 60 40 5.1 -6.4
PSCT Invesco S&P SmallCap Information Technology ETF 2.3 29 71 7.2 -4.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.3 49 51 7.1 -4.3
PBJ Invesco Dynamic Food & Beverage ETF 2.3 63 37 5.7 -5.7
FITE SPDR Kensho Future Security ETF 2.3 45 55 3.7 -7.7
DTOX Amplify Cleaner Living ETF 2.2 59 41 -0.9 -12.3
IDNA iShares Genomics Immunology & Healthcare ETF 2.2 47 53 -5.2 -16.7
FEMA Procure Disaster Recovery Strategy ETF 2.2 75 25 6.0 -5.4
CNCR Loncar Cancer Immunotherapy ETF 2.2 79 21 -4.4 -15.8
PUI Invesco DWA Utilities Momentum ETF 2.2 60 40 5.3 -6.1
VB Vanguard Small-Cap ETF 2.2 5 95 6.1 -5.3
EZM WisdomTree U.S. MidCap Earnings Fund 2.2 38 62 11.1 -0.3
FTHI First Trust High Income ETF 2.1 85 15 4.9 -6.6
XHB SPDR S&P Homebuilders ETF 2.1 45 55 13.0 +1.6
CGV Conductor Global Equity Value ETF 2.1 128 -28 9.9 -1.6
PPA Invesco Aerospace & Defense ETF 2.1 61 39 5.0 -6.4
IHE iShares U.S. Pharmaceuticals ETF 2.1 39 61 10.3 -1.1
VXF Vanguard Extended Market Index Fund 2.1 6 94 4.3 -7.1
ISCG iShares Morningstar Small-Cap Growth ETF 2.0 6 94 1.3 -10.1
XTN SPDR S&P Transportation ETF 2.0 35 65 1.3 -10.2
CVY Invesco Zacks Multi-Asset Income ETF 1.9 100 0 11.6 +0.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.9 95 5 2.5 -8.9
GNOM Global X Genomics & Biotechnology ETF 1.8 50 50 -4.9 -16.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 1.8 127 -27 1.6 -9.8
APXH Apex Healthcare ETF 1.8 90 10 9.3 -2.1
XAR SPDR S&P Aerospace & Defense ETF 1.8 35 65 3.6 -7.8
NIFE Direxion Fallen Knives ETF 1.7 50 50 -2.0 -13.5
SDY SPDR S&P Dividend ETF 1.7 35 65 7.2 -4.2
KBWP Invesco KBW Property & Casualty Insurance ETF 1.7 35 65 7.0 -4.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.7 63 37 5.1 -6.3
BOAT SonicShares Global Shipping ETF 1.6 69 31 21.8 +10.4
TPYP Tortoise North American Pipeline Fund 1.6 40 60 4.8 -6.6
FNK First Trust Mid Cap Value AlphaDEX Fund 1.6 70 30 12.0 +0.5
RFFC RiverFront Dynamic US Flex-Cap ETF 1.6 52 48 6.6 -4.8
FSTA Fidelity MSCI Consumer Staples Index ETF 1.5 8 92 6.0 -5.4
VDC Vanguard Consumer Staples Index Fund 1.5 10 90 6.1 -5.4
PPTY PPTY-U.S. Diversified Real Estate ETF 1.5 49 51 6.9 -4.6
ITA iShares U.S. Aerospace & Defense ETF 1.5 39 61 5.9 -5.5
BTEC Principal Healthcare Innovators Index ETF 1.5 42 58 -4.7 -16.2
AFMC First Trust Active Factor Mid Cap ETF 1.5 65 35 9.8 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.4 25 75 7.0 -4.5
SAMT Strategas Macro Thematic Opportunities ETF 1.4 65 35 3.8 -7.6
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 11 6.9 -4.5
VPU Vanguard Utilities Index Fund 1.3 10 90 5.8 -5.6
SAGP Strategas Global Policy Opportunities ETF 1.3 65 35 8.1 -3.3
AIRR First Trust RBA American Industrial Renaissance ETF 1.2 70 30 6.6 -4.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.2 68 32 3.1 -8.3
BLOK Amplify Transformational Data Sharing ETF 1.2 71 29 1.4 -10.0
BCDF Horizon Kinetics Blockchain Development ETF 1.2 85 15 0.1 -11.4
VFLQ Vanguard U.S. Liquidity Factor ETF 1.2 13 87 4.9 -6.5
FUTY Fidelity MSCI Utilities Index ETF 1.2 8 92 5.8 -5.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.2 52 48 8.4 -3.1
SEA U.S. Global Sea to Sky Cargo ETF 1.2 60 40 30.3 +18.9
KCE SPDR S&P Capital Markets ETF 1.2 35 65 10.4 -1.0
RAYD Rayliant Quantitative Developed Market Equity ETF 1.2 80 20 9.7 -1.7
PFI Invesco DWA Financial Momentum ETF 1.2 60 40 7.2 -4.2
VBK Vanguard Small-Cap Growth Index Fund 1.2 7 93 2.0 -9.4
GBLD Invesco MSCI Green Building ETF 1.2 39 61 8.8 -2.6
GRNR Global X Green Building ETF 1.2 45 55 8.7 -2.7
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 1.2 60 40 8.0 -3.5
VRAI Virtus Real Asset Income ETF 1.2 55 45 7.8 -3.6
KVLE KFA Value Liner Dynamic Core Equity Index ETF 1.2 55 45 7.0 -4.4
PSI Invesco Dynamic Semiconductors ETF 1.2 56 44 8.2 -3.2
GBGR Global Beta Momentum-Growth ETF 1.2 29 71 0.0 -11.4
KBWD Invesco KBW High Dividend Yield Financial ETF 1.1 124 -24 14.1 +2.7
ARB AltShares Merger Arbitrage ETF 1.1 67 33 7.3 -4.2
XME SPDR S&P Metals & Mining ETF 1.1 35 65 7.2 -4.3
ROKT SPDR S&P Kensho Final Frontiers ETF 1.1 45 55 3.0 -8.4
XHE SPDR S&P Health Care Equipment ETF 1.1 35 65 0.8 -10.6
AUSF Global X Adaptive U.S. Factor ETF 1.1 27 73 7.3 -4.1
PAVE Global X U.S. Infrastructure Development ETF 1.1 47 53 8.0 -3.5
CIBR First Trust NASDAQ CEA Cybersecurity ETF 1.1 60 40 4.3 -7.1
IHAK iShares Cybersecurity & Tech ETF 1.1 47 53 4.1 -7.3
DFAC Dimensional U.S. Core Equity 2 ETF 1.1 19 81 7.4 -4.1
VICE AdvisorShares Vice ETF 1.1 99 1 5.9 -5.6
TOKE Cambria Cannabis ETF 1.1 42 58 -11.9 -23.3
WGRO WisdomTree U.S. Growth & Momentum Fund 1.1 55 45 7.6 -3.8
FTXG First Trust Nasdaq Food & Beverage ETF 1.1 60 40 6.2 -5.2
PRNT The 3D Printing ETF 1.1 66 34 -3.3 -14.7
AVUS Avantis U.S. Equity ETF 1.1 15 85 7.6 -3.9
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.1 60 40 13.1 +1.7
PSCE Invesco S&P SmallCap Energy ETF 1.1 29 71 3.3 -8.2
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 1.1 108 -8 5.5 -5.9
HLGE Hartford Longevity Economy ETF 1.0 44 56 9.1 -2.3
GURU Global X Guru Index ETF 1.0 75 25 4.4 -7.0
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 59 41 8.9 -2.5
MBOX Freedom Day Dividend ETF 1.0 39 61 8.9 -2.6
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 58 6.9 -4.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 57 43 14.4 +3.0
FTQI First Trust Nasdaq BuyWrite Income ETF 0.9 85 15 4.5 -7.0
ECLN First Trust EIP Carbon Impact ETF 0.9 95 5 3.7 -7.7
PBE Invesco Dynamic Biotechnology & Genome ETF 0.9 59 41 1.8 -9.6
XHS SPDR S&P Health Care Services ETF 0.9 35 65 1.7 -9.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.9 68 32 0.8 -10.6
IAI iShares U.S. Broker-Dealers ETF 0.9 39 61 10.0 -1.4
SUPL ProShares Supply Chain Logistics ETF 0.9 58 42 17.2 +5.8
HKND Humankind US Stock ETF 0.9 11 89 8.4 -3.1
ICAP InfraCap Equity Income Fund ETF 0.9 80 20 10.2 -1.2
IBBQ Invesco Nasdaq Biotechnology ETF 0.9 19 81 0.3 -11.2
VLU SPDR S&P 1500 Value Tilt ETF 0.9 12 88 8.9 -2.6
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.8 64 36 8.1 -3.3
SLX VanEck Steel ETF 0.8 55 45 30.6 +19.2
DFUV Dimensional US Marketwide Value ETF 0.8 23 77 9.2 -2.2
EKG First Trust Nasdaq Lux Digital Health Solutions ETF 0.8 65 35 -0.2 -11.7
PKW Invesco Buyback Achievers ETF 0.8 64 36 9.6 -1.9
ERTH Invesco MSCI Sustainable Future ETF 0.8 56 44 3.4 -8.0
HACK ETFMG Prime Cyber Security ETF 0.8 60 40 4.3 -7.1
CVAR Cultivar ETF 0.7 87 13 8.7 -2.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 47 53 5.1 -6.3
IYT iShares Transportation Average ETF 0.7 39 61 3.2 -8.3
IBB iShares NASDAQ Biotechnology ETF 0.7 44 56 -0.3 -11.7
NZRO Strategy Shares Halt Climate Change ETF 0.7 95 5 1.9 -9.6
AIEQ AI Powered Equity ETF 0.6 75 25 -2.5 -13.9
VCR Vanguard Consumer Discretionary Index Fund 0.6 10 90 5.5 -6.0
IAK iShares U.S. Insurance ETF 0.6 39 61 8.0 -3.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.6 8 92 5.5 -6.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 30 19.0 +7.6
VFH Vanguard Financials Index Fund 0.6 10 90 9.3 -2.1
REZ iShares Residential Real Estate Capped ETF 0.6 48 52 5.6 -5.8
FNCL Fidelity MSCI Financials Index ETF 0.6 8 92 9.3 -2.1
TTAC TrimTabs US Free Cash Flow Quality ETF 0.6 59 41 7.3 -4.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 30 5.0 -6.4
LVHD Legg Mason Low Volatility High Dividend ETF 0.6 27 73 8.5 -2.9
DFAU Dimensional US Core Equity Market ETF 0.6 12 88 6.7 -4.7
VIS Vanguard Industrials Index Fund 0.5 10 90 6.1 -5.4
KOMP SPDR Kensho New Economies Composite ETF 0.5 20 80 0.8 -10.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 75 8.3 -3.2
WDNA WisdomTree BioRevolution Fund 0.5 45 55 -4.0 -15.4
FIDU Fidelity MSCI Industrials Index ETF 0.5 8 92 6.5 -5.0
GRES IQ Global Resources ETF 0.4 30 70 8.9 -2.5
DHS WisdomTree U.S. High Dividend Fund 0.4 38 62 9.0 -2.5
RYJ Invesco Raymond James SB-1 Equity ETF 0.4 81 19 4.4 -7.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 71 8.3 -3.1
HELX Franklin Genomic Advancements ETF 0.4 50 50 1.1 -10.3
FMAT Fidelity MSCI Materials Index ETF 0.4 84 16 7.4 -4.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 88 6.7 -4.8
VIDI Vident International Equity Fund 0.4 61 39 13.4 +2.0
RWR SPDR Dow Jones REIT ETF 0.4 25 75 6.9 -4.5
ERSX ERShares NextGen Entrepreneurs ETF 0.4 75 25 7.1 -4.4
SXQG 6 Meridian Quality Growth ETF 0.4 100 0 5.9 -5.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.4 21 79 4.6 -6.9
AGNG Global X Aging Population ETF 0.4 50 50 4.1 -7.3
FRI First Trust S&P REIT Index Fund 0.4 50 50 6.8 -4.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 93 6.0 -5.4
USRT iShares Core U.S. REIT ETF 0.4 8 92 7.2 -4.3
INNO Harbor Disruptive Innovation ETF 0.4 75 25 -3.6 -15.1
VEGI iShares MSCI Global Agriculture Producers ETF 0.4 39 61 6.8 -4.6
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 97 6.8 -4.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.3 11 89 7.1 -4.3
TMFX Motley Fool Next Index ETF 0.3 50 50 3.9 -7.5
VAW Vanguard Materials Index Fund 0.3 10 90 8.1 -3.3
CUT Invesco MSCI Global Timber ETF 0.3 60 40 9.6 -1.8
VTHR Vanguard Russell 3000 Index Fund 0.3 10 90 6.4 -5.1
IWV iShares Russell 3000 ETF 0.3 20 80 6.2 -5.2
VTI Vanguard Total Stock Market Index Fund 0.3 3 97 6.3 -5.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 97 6.4 -5.0
DVY iShares Select Dividend ETF 0.3 39 61 9.8 -1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 97 6.3 -5.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 54 8.4 -3.1
DFUS Dimensional U.S. Equity ETF 0.3 11 89 6.6 -4.8
SHPP Pacer Industrials and Logistics ETF 0.3 60 40 11.0 -0.4
RNMC Mid Cap US Equity Select ETF 0.3 60 40 8.7 -2.7
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 50 6.4 -5.0
PSP Invesco Global Listed Private Equity ETF 0.3 144 -44 11.9 +0.5
XTL SPDR S&P Telecom ETF 0.3 35 65 6.2 -5.2
REET iShares Global REIT ETF 0.3 14 86 6.8 -4.7
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 91 6.5 -4.9
FREL Fidelity MSCI Real Estate Index ETF 0.3 84 16 6.1 -5.4
DFAR Dimensional US Real Estate ETF 0.3 19 81 6.6 -4.8
AVRE Avantis Real Estate ETF 0.2 17 83 6.5 -4.9
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 61 8.2 -3.2
SCHH Schwab U.S. REIT ETF 0.2 7 93 6.9 -4.6
VNQ Vanguard REIT Index Fund 0.2 12 88 6.9 -4.6
DTD WisdomTree U.S.Total Dividend Fund 0.2 28 72 7.9 -3.5
BTHM BlackRock Future U.S. Themes ETF 0.2 60 40 6.8 -4.6
TECB iShares US Tech Breakthrough Multisector ETF 0.2 40 60 6.5 -4.9
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.2 60 40 6.1 -5.4
BOUT Innovator IBD Breakout Opportunities ETF 0.2 80 20 4.8 -6.7
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 92 6.7 -4.7
VHT Vanguard Health Care Index Fund 0.2 10 90 6.8 -4.6
UFO Procure Space ETF 0.2 75 25 3.0 -8.4
FPX First Trust US IPO Index Fund 0.2 57 43 1.7 -9.7
HAP VanEck Natural Resources ETF 0.2 49 51 8.4 -3.0
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.2 50 50 3.7 -7.8
IHF iShares U.S. Healthcare Providers ETF 0.2 39 61 6.1 -5.3
FDL First Trust Morningstar Dividend Leaders Index Fund 0.2 45 55 10.2 -1.2
TRFK Pacer Data and Digital Revolution ETF 0.2 60 40 6.6 -4.8
PFM Invesco Dividend Achievers ETF 0.2 53 47 6.9 -4.5
VT Vanguard Total World Stock ETF 0.2 7 93 7.1 -4.4
RITA ETFB Green SRI REITs ETF 0.2 50 50 5.1 -6.3
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 69 31 4.6 -6.8
VIG Vanguard Dividend Appreciation Index Fund 0.2 6 94 7.0 -4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 91 6.8 -4.7
SCHD Schwab U.S. Dividend Equity ETF 0.1 6 94 9.7 -1.7
VYM Vanguard High Dividend Yield Index ETF 0.1 6 94 8.6 -2.8
IUS Invesco Strategic US ETF 0.1 19 81 8.2 -3.2
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 55 5.2 -6.2
VIRS Pacer BioThreat Strategy ETF 0.1 70 30 7.7 -3.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 53 6.4 -5.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 75 8.4 -3.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 50 8.9 -2.5
DGRO iShares Core Dividend Growth ETF 0.1 8 92 8.3 -3.1
SFYX Sofi Next 500 ETF 0.1 0 100 6.3 -5.1
VOX Vanguard Telecommunication Services Index Fund 0.1 10 90 7.2 -4.2
VGT Vanguard Information Technology Index Fund 0.1 10 90 6.4 -5.1
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 92 6.4 -5.1
IGM iShares Expanded Tech Sector ETF 0.1 40 60 6.1 -5.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 61 12.9 +1.4
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 82 5.2 -6.3
VDNI V-Shares US Leadership Diversity ETF 0.1 29 71 7.0 -4.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.1 8 92 7.2 -4.3
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 5 5.1 -6.3
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 96 6.5 -5.0
DEW WisdomTree Global High Dividend Fund 0.1 58 42 9.8 -1.6
DSI iShares MSCI KLD 400 Social ETF 0.0 25 75 6.7 -4.7
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 50 6.6 -4.8
FENY Fidelity MSCI Energy Index ETF 0.0 8 92 6.1 -5.3
IYY iShares Dow Jones U.S. ETF 0.0 20 80 6.4 -5.1
SCHK Schwab 1000 Index ETF 0.0 5 95 6.5 -4.9

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 14.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 100 bp
Equals: ALTAR Score 11.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.