ETC 6 Meridian Small Cap Equity ETF
ALTAR
Score™		 9.0% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 12.9x P/Sales
ratio		 0.6x
P/BV
ratio		 1.3x 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) $73
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) $2,345
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 47.6%
Small cap (<$2bn) 52.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INNOVIVA, INC. 2.5 %
CAREER EDUCATION CORP 1.8 %
IRONWOOD PHARMACEUTICALS INC 1.8 %
MADISON SQUARE GARDEN CO. CLASS A 1.8 %
CAL-MAINE FOODS INC 1.8 %
K12 INC 1.7 %
WARRIOR MET COAL, INC. 1.6 %
ENCORE WIRE CORP 1.6 %
PATRICK INDUSTRIES INC 1.6 %
STRAYER EDUCATION INC 1.6 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.5% 15.4% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.79 62%
MSCI EAFE 0.84 64%
MSCI Emg. Mkts. 0.60 35%

Technical Indicators
Recent close $45.38
30d moving avg. $43.65
Annualized volatility 17.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.5%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $2,080

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 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™: 9.0%


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 29.5 25 64 6.9 -2.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 27.3 36 53 11.1 +2.1
CALF Pacer US Small Cap Cash Cows 100 ETF 25.6 59 30 11.1 +2.1
ROSC Hartford Multifactor Small Cap ETF 22.4 34 55 10.1 +1.1
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 21.4 59 30 8.5 -0.5
XSMO Invesco S&P SmallCap Momentum ETF 21.3 39 50 7.8 -1.2
ECML Euclidean Fundamental Value ETF 19.1 95 -6 8.7 -0.4
SIXL ETC 6 Meridian Low Beta Equity ETF 19.0 80 9 5.1 -3.9
SQLV Royce Quant Small-Cap Quality Value ETF 18.7 60 29 9.0 0.0
VAMO Cambria Value & Momentum ETF 17.7 61 28 9.6 +0.6
ESIX SPDR S&P SmallCap 600 ESG ETF 17.3 12 77 7.8 -1.2
XSHQ Invesco S&P SmallCap Quality ETF 17.2 29 60 10.1 +1.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 17.2 35 54 7.2 -1.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 17.1 15 74 6.9 -2.1
SMLE Xtrackers S&P SmallCap 600 ESG ETF 16.5 15 74 7.6 -1.5
IJT iShares S&P Small-Cap 600 Growth ETF 16.1 18 71 7.0 -2.0
SLYG SPDR S&P 600 Small Cap Growth ETF 16.1 15 74 7.1 -2.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 15.8 29 60 7.4 -1.7
AFSM First Trust Active Factor Small Cap ETF 15.7 75 14 7.6 -1.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 15.6 30 59 12.3 +3.3
DEEP Roundhill Acquirers Deep Value ETF 15.5 80 9 15.3 +6.3
SSLY Syntax Stratified SmallCap ETF 15.4 40 49 7.5 -1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.4 39 50 9.4 +0.4
AVUV Avantis U.S. Small Cap Value ETF 15.1 25 64 10.0 +1.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 15.0 15 74 8.2 -0.8
VIOO Vanguard S&P Small-Cap 600 ETF 14.3 10 79 7.8 -1.2
IJR iShares Core S&P Small Cap ETF 13.9 6 83 8.2 -0.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 13.8 35 54 7.5 -1.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 13.7 35 54 9.0 +0.0
SVAL iShares US Small Cap Value Factor ETF 13.7 20 69 11.4 +2.4
SPSM SPDR Portfolio S&P 600 Small Cap ETF 13.6 3 86 8.2 -0.8
XJR iShares ESG Screened S&P Small-Cap ETF 13.0 12 77 7.7 -1.3
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 12.9 38 51 6.7 -2.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 12.6 29 60 10.9 +1.9
SMDV ProShares Russell 2000 Dividend Growers ETF 12.1 40 49 7.2 -1.8
IJS iShares S&P Small-Cap 600 Value ETF 11.7 18 71 9.3 +0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 11.7 15 74 8.7 -0.4
FYT First Trust Small Cap Value AlphaDEX Fund 11.6 73 16 11.7 +2.7
TPSC Timothy Plan US Small Cap Core ETF 11.4 52 37 7.6 -1.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 11.4 47 42 9.8 +0.8
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 11.4 42 47 7.5 -1.5
DSMC Distillate Small/Mid Cash Flow ETF 11.4 55 34 11.8 +2.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 11.3 35 54 7.6 -1.4
SMCP AlphaMark Actively Managed Small Cap ETF 11.2 90 -1 6.8 -2.2
PSCH Invesco S&P SmallCap Health Care ETF 11.2 29 60 5.9 -3.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 11.1 20 69 4.5 -4.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 11.1 60 29 9.5 +0.5
SLYV SPDR S&P 600 Small Cap Value ETF 11.0 15 74 9.4 +0.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.7 35 54 10.5 +1.4
ZIG Acquirers Fund 10.4 84 5 14.1 +5.1
DBLV AdvisorShares DoubleLine Value Equity ETF 10.2 90 -1 7.5 -1.6
DES WisdomTree U.S. SmallCap Dividend Fund 10.1 38 51 8.1 -0.9
SYLD Cambria Shareholder Yield ETF 10.0 59 30 11.5 +2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.0 20 69 6.7 -2.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 9.9 25 64 8.8 -0.2
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 9.8 35 54 5.4 -3.6
PSCF Invesco S&P SmallCap Financials ETF 9.5 29 60 10.2 +1.2
IWN iShares Russell 2000 Value ETF 9.5 24 65 5.6 -3.4
VTWV Vanguard Russell 2000 Value ETF 9.2 15 74 5.8 -3.2
PSC Principal U.S. Small-Cap ETF 9.2 38 51 6.6 -2.5
RNSC Furst Trust Small Cap US Equity Select ETF 9.1 60 29 8.4 -0.6
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 9.1 29 60 6.1 -2.9
AVSC Avantis U.S Small Cap Equity ETF 8.5 25 64 5.4 -3.6
EES WisdomTree U.S. SmallCap Fund 8.4 38 51 10.3 +1.3
FYX First Trust Small Cap Core AlphaDEX Fund 8.0 61 28 7.2 -1.8
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 8.0 60 29 4.7 -4.3
DFSV Dimensional US Small Cap Value ETF 7.8 31 58 8.9 -0.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 7.8 12 77 7.3 -1.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.4 80 9 6.5 -2.5
VFMF Vanguard U.S. Multifactor ETF 7.3 18 71 8.7 -0.4
DFAT Dimensional U.S. Targeted Value ETF 7.2 28 61 8.2 -0.8
ACTV LeaderShares Activist Leaders ETF 7.2 75 14 8.1 -0.9
ISMD Inspire Small/Mid Cap ETF 7.2 54 35 6.1 -3.0
VFMV Vanguard U.S. Minimum Volatility ETF 7.1 13 76 5.4 -3.7
FNK First Trust Mid Cap Value AlphaDEX Fund 7.0 70 19 9.2 +0.2
IFRA iShares U.S. Infrastructure ETF 6.9 30 59 6.3 -2.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 6.9 9 80 4.0 -5.1
PSCI Invesco S&P SmallCap Industrials ETF 6.6 29 60 6.0 -3.0
IWM iShares Russell 2000 ETF 6.4 19 70 3.6 -5.4
PJP Invesco Pharmaceuticals ETF 6.3 57 32 7.4 -1.6
VTWO Vanguard Russell 2000 ETF 6.3 10 79 3.9 -5.2
JSML Janus Henderson Small Cap Growth Alpha ETF 6.2 30 59 9.3 +0.3
FSMD Fidelity Small-Mid Multifactor ETF 6.0 15 74 7.6 -1.4
XPH SPDR S&P Pharmaceuticals ETF 5.8 35 54 5.1 -3.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 5.7 39 50 8.9 -0.1
ISCV iShares Morningstar Small Cap Value ETF 5.7 6 83 8.1 -0.9
BKSE BNY Mellon US Small Cap Core Equity ETF 5.7 4 85 5.7 -3.3
DFAS Dimensional U.S. Small Cap ETF 5.7 26 63 6.0 -3.0
XOP SPDR S&P Oil & Gas Exploration & Production ETF 5.6 35 54 10.0 +1.0
ITB iShares U.S. Home Construction ETF 5.4 40 49 10.8 +1.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.4 39 50 4.5 -4.5
EZM WisdomTree U.S. MidCap Fund 5.4 38 51 8.1 -0.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 5.4 60 29 1.2 -7.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.3 30 59 7.6 -1.4
STXK Strive Small-Cap ETF 5.2 18 71 5.5 -3.5
PXI Invesco Dorsey Wright Energy Momentum ETF 5.2 60 29 7.2 -1.8
FNDA Schwab Fundamental US Small Co. Index ETF 5.1 25 64 6.8 -2.2
BFOR ALPS Barron's 400 ETF 5.1 65 24 6.6 -2.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 4.9 24 65 7.8 -1.2
DIV Global X SuperDividend US ETF 4.8 45 44 7.8 -1.2
QVAL Alpha Architect US Quantitative Value ETF 4.7 39 50 11.1 +2.1
VFVA Vanguard U.S. Value Factor ETF 4.7 13 76 10.6 +1.6
SCHA Schwab U.S. Small-Cap ETF 4.6 4 85 4.9 -4.1
WCEO Hypatia Women CEO ETF 4.4 85 4 5.2 -3.9
SMLF iShares U.S. SmallCap Equity Factor ETF 4.4 15 74 5.8 -3.2
FAB First Trust Multi Cap Value AlphaDEX Fund 4.4 67 22 9.2 +0.2
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 4.2 48 41 5.6 -3.4
IHE iShares U.S. Pharmaceuticals ETF 4.1 40 49 8.3 -0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 4.0 60 29 6.0 -3.0
FYC First Trust Small Cap Growth AlphaDEX Fund 4.0 71 18 0.9 -8.2
HOMZ Hoya Capital Housing ETF 3.9 30 59 8.1 -0.9
ISCB iShares Morningstar Small-Cap ETF 3.9 4 85 5.3 -3.7
PBJ Invesco Food & Beverage ETF 3.8 57 32 5.4 -3.6
TMDV ProShares Russell US Dividend Growers ETF 3.8 35 54 6.5 -2.5
AFMC First Trust Active Factor Mid Cap ETF 3.7 65 24 7.5 -1.5
XHB SPDR S&P Homebuilders ETF 3.7 35 54 8.6 -0.4
PXE Invesco Energy Exploration & Production ETF 3.5 60 29 11.2 +2.2
KCAL Subversive Food Security ETF 3.4 75 14 0.0 -9.0
FLRG Fidelity U.S. Multifactor ETF 3.4 15 74 7.7 -1.3
PSCM Invesco S&P SmallCap Materials ETF 3.4 29 60 8.8 -0.2
FDM First Trust Dow Jones Select MicroCap Index Fund 3.3 60 29 7.9 -1.1
VBR Vanguard Small Cap Value ETF 3.2 7 82 8.2 -0.8
IWO iShares Russell 2000 Growth ETF 3.2 24 65 1.4 -7.6
FIW First Trust Water ETF 3.2 53 36 4.5 -4.5
VTWG Vanguard Russell 2000 Growth ETF 3.2 15 74 1.7 -7.3
IWC iShares Micro-Cap ETF 3.2 60 29 -4.3 -13.3
AZTD Aztlan Global Stock Selection DM SMID ETF 3.1 75 14 6.6 -2.4
VFMO Vanguard U.S. Momentum Factor ETF 3.0 13 76 2.8 -6.3
KBWY Invesco KBW Premium Yield Equity REIT ETF 3.0 35 54 20.0 +11.0
PPTY US Diversified Real Estate ETF 3.0 53 36 6.7 -2.3
PEY Invesco High Yield Equity Dividend Achievers ETF 3.0 52 37 9.4 +0.3
PRN Invesco Dorsey Wright Industrials Momentum ETF 2.9 60 29 5.1 -3.9
VFQY Vanguard U.S. Quality Factor ETF 2.9 13 76 7.2 -1.8
WDIV SPDR S&P Global Dividend ETF 2.9 40 49 10.2 +1.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 2.8 17 72 5.4 -3.6
PHO Invesco Water Resources ETF 2.8 60 29 4.3 -4.8
FFTY Innovator IBD 50 ETF 2.7 80 9 0.1 -9.0
XHS SPDR S&P Health Care Services ETF 2.7 35 54 5.8 -3.3
MBOX Freedom Day Dividend ETF 2.7 39 50 7.7 -1.3
BOAT SonicShares Global Shipping ETF 2.6 69 20 29.1 +20.1
AIRR First Trust RBA American Industrial Renaissance ETF 2.6 70 19 5.3 -3.7
PSCT Invesco S&P SmallCap Information Technology ETF 2.6 29 60 6.5 -2.6
CVAR Cultivar ETF 2.6 87 2 6.9 -2.1
DVLU First Trust Dorsey Wright Momentum & Value ETF 2.6 60 29 10.2 +1.2
RDVY First Trust Rising Dividend Achievers ETF 2.6 50 39 9.6 +0.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 2.5 40 49 8.8 -0.2
BBP Virtus LifeSci Biotech Products ETF 2.5 79 10 -4.8 -13.8
PFI Invesco Dorsey Wright Financial Momentum ETF 2.5 60 29 6.2 -2.8
KBE SPDR S&P Bank ETF 2.4 35 54 11.2 +2.2
ETHO Etho Climate Leadership U.S. ETF 2.4 47 42 4.1 -5.0
JHSC John Hancock Multifactor Small Cap ETF 2.4 42 47 6.2 -2.8
SLX VanEck Steel ETF 2.4 56 33 20.6 +11.6
NUSC Nuveen ESG Small-Cap ETF 2.4 31 58 5.2 -3.9
VXF Vanguard Extended Market ETF 2.4 6 83 3.9 -5.1
PXJ Invesco Oil & Gas Services ETF 2.4 63 26 2.8 -6.2
VB Vanguard Small-Cap ETF 2.4 5 84 5.4 -3.6
FVD First Trust Value Line Dividend Index Fund 2.3 65 24 6.0 -3.0
AMID Argent Mid Cap ETF Argent Mid Cap ETF 2.3 52 37 7.0 -2.0
QQQS Invesco NASDAQ Future Gen 200 ETF 2.3 20 69 -7.8 -16.9
FCPI Fidelity Stocks for Inflation ETF 2.3 15 74 8.6 -0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.2 52 37 6.3 -2.7
CGV Conductor Global Equity Value ETF 2.2 130 -41 11.3 +2.3
OSCV Opus Small Cap Value ETF 2.1 79 10 6.4 -2.6
ISCG iShares Morningstar Small-Cap Growth ETF 2.1 6 83 2.5 -6.6
AUSF Global X Adaptive U.S. Factor ETF 2.1 27 62 9.0 -0.1
FCG First Trust Natural Gas ETF 2.1 60 29 9.2 +0.2
XBI SPDR S&P BIOTECH ETF 2.1 35 54 -1.4 -10.4
DHS WisdomTree U.S. High Dividend Fund 2.1 38 51 8.8 -0.3
VUSE Vident U.S. Equity Strategy ETF 2.0 50 39 3.6 -5.4
RNMC First Trust Mid Cap US Equity Select ETF 2.0 60 29 7.9 -1.1
NETL NETLease Corporate Real Estate ETF 2.0 60 29 9.7 +0.6
XES SPDR S&P Oil & Gas Equipment & Services ETF 2.0 35 54 -0.9 -9.9
XME SPDR S&P Metals & Mining ETF 1.9 35 54 7.2 -1.8
SRET Global X SuperDividend REIT ETF 1.9 59 30 10.1 +1.1
FDIV MarketDesk Focused U.S. Dividend ETF 1.9 35 54 8.8 -0.2
VRAI Virtus Real Asset Income ETF 1.9 55 34 8.6 -0.5
GVLU Gotham 1000 Value ETF 1.8 50 39 7.4 -1.6
SBIO ALPS Medical Breakthroughs ETF 1.8 50 39 -4.8 -13.8
AQWA Global X Clean Water ETF 1.8 50 39 4.3 -4.7
CGW Invesco S&P Global Water Index ETF 1.8 57 32 3.8 -5.3
FTXG First Trust Nasdaq Food & Beverage ETF 1.8 60 29 6.3 -2.7
PEJ Invesco Leisure and Entertainment ETF 1.8 58 31 0.4 -8.6
IWFH iShares Virtual Work and Life Multisector ETF 1.7 47 42 -3.5 -12.5
OIH VanEck Oil Services ETF 1.7 35 54 2.1 -7.0
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.7 79 10 6.2 -2.8
HLGE Hartford Longevity Economy ETF 1.7 44 45 6.6 -2.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.6 7 82 5.7 -3.3
IBRN iShares Neuroscience and Healthcare ETF 1.6 47 42 -5.0 -14.0
EFRA iShares Environmental Infrastructure and Industrials ETF 1.6 47 42 5.2 -3.8
GLRY Inspire Faithward Mid Cap Momentum ETF 1.6 80 9 8.0 -1.0
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.6 69 20 8.3 -0.7
DON WisdomTree U.S. MidCap Dividend Fund 1.6 38 51 8.6 -0.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.5 95 -6 1.7 -7.3
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 1.5 60 29 6.7 -2.4
PKB Invesco Building & Construction ETF 1.5 62 27 7.7 -1.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.5 25 64 5.7 -3.4
VDC Vanguard Consumer Staples ETF 1.4 10 79 6.0 -3.0
WBIY WBI Power Factor High Dividend ETF 1.4 100 -11 11.0 +2.0
AIEQ AI Powered Equity ETF 1.4 75 14 6.1 -2.9
REZ iShares Residential and Multisector Real Estate ETF 1.4 48 41 6.3 -2.7
FLDZ RiverNorth Patriot ETF 1.4 75 14 5.8 -3.2
GDIV Harbor Dividend Growth Leaders ETF 1.4 50 39 6.0 -3.0
ARB AltShares Merger Arbitrage ETF 1.4 77 12 -0.2 -9.2
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.4 8 81 5.9 -3.1
KBWP Invesco KBW Property & Casualty Insurance ETF 1.4 35 54 5.9 -3.1
DRLL Strive U.S. Energy ETF 1.4 41 48 6.4 -2.6
CVY Invesco Zacks Multi-Asset Income ETF 1.4 106 -17 8.9 -0.2
PKW Invesco Buyback Achievers ETF 1.3 62 27 7.1 -1.9
FTXN First Trust Nasdaq Oil & Gas ETF 1.3 60 29 7.1 -1.9
TPYP Tortoise North American Pipeline Fund 1.3 40 49 5.3 -3.7
COWS Amplify Cash Flow Dividend Leaders ETF 1.3 0 89 10.6 +1.6
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 1.3 60 29 8.0 -1.0
VBK Vanguard Small-Cap Growth ETF 1.2 7 82 1.5 -7.6
XTN SPDR S&P Transportation ETF 1.2 35 54 1.0 -8.0
SEA U.S. Global Sea to Sky Cargo ETF 1.2 60 29 24.1 +15.0
SUPL ProShares Supply Chain Logistics ETF 1.2 58 31 13.1 +4.1
TXS Texas Capital Texas Equity Index ETF 1.2 49 40 5.6 -3.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.2 60 29 6.4 -2.6
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.2 56 33 6.3 -2.7
ONLN ProShares Online Retail ETF 1.2 58 31 3.1 -6.0
XRT SPDR S&P Retail ETF 1.2 35 54 8.8 -0.2
CLOU Global X Cloud Computing ETF 1.2 68 21 2.1 -7.0
MGMT Ballast Small/Mid Cap ETF 1.2 110 -21 7.8 -1.2
ERTH Invesco MSCI Sustainable Future ETF 1.2 62 27 3.7 -5.4
HAUS Residential REIT ETF 1.2 60 29 6.0 -3.0
BLDG Cambria Global Real Estate ETF 1.2 60 29 9.4 +0.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.2 60 29 6.7 -2.4
IEZ iShares U.S. Oil Equipment & Services ETF 1.1 40 49 2.3 -6.7
CSMD Congress SMid Growth ETF 1.1 69 20 4.2 -4.9
ACES ALPS Clean Energy ETF 1.1 55 34 -5.0 -14.0
AVUS Avantis U.S. Equity ETF 1.1 15 74 6.0 -3.0
QDEF FlexShares Quality Dividend Defensive Index Fund 1.1 37 52 4.8 -4.2
KIE SPDR S&P Insurance ETF 1.1 35 54 6.7 -2.3
FUTY Fidelity MSCI Utilities Index ETF 1.1 8 81 6.3 -2.8
CRAK VanEck Oil Refiners ETF 1.1 61 28 13.1 +4.0
ROUS Hartford Multifactor US Equity ETF 1.1 19 70 6.4 -2.6
FENY Fidelity MSCI Energy Index ETF 1.1 8 81 6.8 -2.2
DFUV Dimensional US Marketwide Value ETF 1.1 22 67 7.6 -1.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.1 35 54 5.7 -3.3
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 50 10.8 +1.8
NDIV Amplify Natural Resources Dividend Income ETF 1.1 59 30 9.7 +0.7
GRPM Invesco S&P MidCap 400 GARP ETF 1.1 35 54 9.9 +0.9
DARP Grizzle Growth ETF 1.1 75 14 3.2 -5.9
SDIV Global X Superdividend ETF 1.1 58 31 17.6 +8.6
JPRE JPMorgan Realty Income ETF 1.1 50 39 6.9 -2.1
TOKE Cambria Cannabis ETF 1.1 42 47 -6.2 -15.2
XHE SPDR S&P Health Care Equipment ETF 1.0 35 54 0.6 -8.4
IBBQ Invesco Nasdaq Biotechnology ETF 1.0 19 70 0.9 -8.1
DFAC Dimensional U.S. Core Equity 2 ETF 1.0 17 72 5.7 -3.4
PBE Invesco Biotechnology & Genome ETF 1.0 58 31 0.7 -8.4
IDNA iShares Genomics Immunology and Healthcare ETF 1.0 47 42 -5.2 -14.2
GERM ETFMG Treatments Testing and Advancements ETF 1.0 68 21 -6.6 -15.6
QGRO American Century U.S. Quality Growth ETF 1.0 29 60 5.8 -3.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.0 29 60 6.3 -2.7
RIET Hoya Capital High Dividend Yield ETF 1.0 50 39 14.5 +5.5
IQRA IQ CBRE Real Assets ETF 1.0 65 24 5.9 -3.1
VPU Vanguard Utilities ETF 1.0 10 79 6.2 -2.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 33 13.9 +4.9
XITK SPDR FactSet Innovative Technology ETF 1.0 45 44 2.7 -6.4
VLU SPDR S&P 1500 Value Tilt ETF 1.0 12 77 7.1 -1.9
SAMT Strategas Macro Thematic Opportunities ETF 1.0 65 24 4.7 -4.3
USVT US Value ETF 1.0 49 40 11.3 +2.3
EATV VegTech Plant-based Innovation & Climate ETF 1.0 75 14 1.0 -8.0
HKND Humankind US Stock ETF 0.9 11 78 7.0 -2.1
SAGP Strategas Global Policy Opportunities ETF 0.9 65 24 4.5 -4.5
RDOG ALPS REIT Dividend Dogs ETF 0.9 35 54 17.1 +8.1
VDE Vanguard Energy ETF 0.9 10 79 6.8 -2.2
MILN Global X Millennial Consumer ETF 0.9 50 39 2.4 -6.6
IWTR iShares MSCI Water Management Multisector ETF 0.9 47 42 4.8 -4.2
SFYX SoFi Next 500 ETF 0.9 0 89 5.6 -3.4
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 0 4.8 -4.3
XSW SPDR S&P Software & Services ETF 0.9 35 54 2.9 -6.2
HELX Franklin Genomic Advancements ETF 0.9 50 39 1.7 -7.3
IAK iShares U.S. Insurance ETF 0.9 40 49 6.3 -2.7
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 50 9.2 +0.2
FRI First Trust S&P REIT Index Fund 0.9 50 39 7.1 -2.0
BKWO BNY Mellon Women's Opportunities ETF 0.8 50 39 3.8 -5.2
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.8 27 62 8.4 -0.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 0.8 60 29 9.1 +0.1
FBT First Trust NYSE Arca Biotechnology Index Fund 0.8 56 33 0.1 -9.0
USRT iShares Core U.S. REIT ETF 0.8 8 81 7.5 -1.5
SCAP InfraCap Small Cap Income ETF 0.8 135 -46 7.2 -1.8
FVAL Fidelity Value Factor ETF 0.8 15 74 7.5 -1.6
MEDX Horizon Kinetics Medical ETF 0.8 85 4 -0.2 -9.2
PTH Invesco Dorsey Wright Healthcare Momentum ETF 0.8 60 29 -3.6 -12.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.8 64 25 2.1 -7.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.8 8 81 4.9 -4.2
ICAP InfraCap Equity Income Fund ETF 0.8 171 -82 6.8 -2.2
RWR SPDR Dow Jones REIT ETF 0.8 25 64 7.2 -1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 19 10.6 +1.6
DFAR Dimensional US Real Estate ETF 0.8 19 70 7.4 -1.6
PAVE Global X U.S. Infrastructure Development ETF 0.8 47 42 5.7 -3.4
FPX First Trust US Equity Opportunities ETF 0.7 61 28 0.6 -8.4
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.7 11 78 7.5 -1.5
DFNV Donoghue Forlines Innovation ETF 0.7 69 20 5.0 -4.0
FPRO Fidelity Real Estate Investment ETF 0.7 59 30 6.1 -3.0
HDUS Hartford Disciplined US Equity ETF 0.7 19 70 6.2 -2.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.7 25 64 7.1 -1.9
SCHH Schwab U.S. REIT ETF 0.7 7 82 7.7 -1.3
FDWM Fidelity Women's Leadership ETF 0.7 59 30 4.8 -4.2
IYT iShares US Transportation ETF 0.7 40 49 2.1 -6.9
IGE iShares North American Natural Resources ETF 0.7 41 48 6.4 -2.7
SDY SPDR S&P Dividend ETF 0.7 35 54 6.3 -2.8
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 74 7.5 -1.6
DFSU Dimensional US Sustainability Core 1 ETF 0.6 18 71 5.7 -3.3
VCR Vanguard Consumer Discretionary ETF 0.6 10 79 4.7 -4.3
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.6 79 10 -9.7 -18.7
EBLU Ecofin Global Water ESG Fund 0.6 40 49 3.9 -5.1
REET iShares Global REIT ETF 0.6 14 75 7.1 -1.9
FREL Fidelity MSCI Real Estate Index ETF 0.6 8 81 7.3 -1.7
SXQG ETC 6 Meridian Quality Growth ETF 0.6 100 -11 4.4 -4.6
DTD WisdomTree U.S. Total Dividend Fund 0.6 28 61 6.5 -2.5
FILL iShares MSCI Global Energy Producers ETF 0.6 39 50 9.0 -0.0
TTAC FCF US Quality ETF 0.6 59 30 6.5 -2.5
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 27 3.7 -5.4
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 39 6.9 -2.1
AVRE Avantis Real Estate ETF 0.6 17 72 6.6 -2.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 43 5.6 -3.5
VNQ Vanguard Real Estate ETF 0.5 12 77 7.3 -1.8
MEDI Harbor Health Care ETF 0.5 80 9 0.9 -8.1
FTXR First Trust Nasdaq Transportation ETF 0.5 60 29 5.1 -4.0
DFGR Dimensional Global Real Estate ETF 0.5 22 67 7.1 -2.0
QDF FlexShares Quality Dividend Index Fund 0.5 37 52 5.0 -4.0
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 67 5.2 -3.9
ROOF IQ CBRE NextGen Real Estate ETF 0.5 60 29 7.9 -1.1
ECLN First Trust EIP Carbon Impact ETF 0.5 96 -7 5.3 -3.7
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 72 5.8 -3.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.5 15 74 5.8 -3.2
VALQ American Century U.S. Quality Value ETF 0.5 29 60 7.4 -1.6
IHF iShares U.S. Healthcare Providers ETF 0.5 40 49 6.0 -3.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 15 74 6.4 -2.6
VIS Vanguard Industrials ETF 0.4 10 79 4.5 -4.6
CSD Invesco S&P Spin-Off ETF 0.4 65 24 7.9 -1.1
DFAU Dimensional US Core Equity Market ETF 0.4 12 77 5.4 -3.7
FCOM Fidelity MSCI Communication Services Index ETF 0.4 8 81 4.8 -4.2
TMFX Motley Fool Next Index ETF 0.4 50 39 3.4 -5.6
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 50 7.3 -1.7
ERET iShares Environmentally Aware Real Estate ETF 0.4 30 59 7.3 -1.7
VOX Vanguard Communication Services ETF 0.4 10 79 5.1 -3.9
TRFM AAM Transformers ETF 0.4 49 40 1.2 -7.8
XTL SPDR S&P Telecom ETF 0.4 35 54 6.6 -2.5
IUS Invesco RAFI Strategic US ETF 0.4 19 70 7.3 -1.8
CRED Columbia Research Enhanced Real Estate ETF 0.4 33 56 7.7 -1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 50 11.0 +2.0
FIDU Fidelity MSCI Industrial Index ETF 0.4 8 81 4.7 -4.3
KRUZ Unusual Whales Subversive Republican Trading ETF 0.4 75 14 4.9 -4.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 64 7.1 -1.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 77 4.5 -4.5
FMAT Fidelity MSCI Materials Index ETF 0.3 8 81 6.6 -2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 86 5.1 -3.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 86 5.4 -3.6
DVY iShares Select Dividend ETF 0.3 38 51 9.1 +0.1
VTI Vanguard Total Stock Market ETF 0.3 3 86 5.1 -3.9
VAW Vanguard Materials ETF 0.3 10 79 6.5 -2.6
IWV iShares Russell 3000 ETF 0.3 20 69 5.0 -4.0
IBB iShares Biotechnology ETF 0.3 45 44 0.9 -8.1
VFH Vanguard Financials ETF 0.3 10 79 6.4 -2.6
VTHR Vanguard Russell 3000 ETF 0.3 10 79 5.1 -3.9
SCHB Schwab U.S. Broad Market ETF 0.3 3 86 5.2 -3.8
FNCL Fidelity MSCI Financials Index ETF 0.3 8 81 6.5 -2.6
SCHD Schwab US Dividend Equity ETF 0.3 6 83 9.6 +0.6
VHT Vanguard Health Care ETF 0.3 10 79 5.7 -3.3
DFUS Dimensional U.S. Equity ETF 0.3 9 80 5.1 -3.9
FHLC Fidelity MSCI Health Care Index ETF 0.3 8 81 5.9 -3.1
DEW WisdomTree Global High Dividend Fund 0.3 58 31 9.1 +0.1
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 85 6.3 -2.7
AGNG Global X Aging Population ETF 0.3 50 39 4.1 -4.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 74 7.1 -2.0
SHPP Pacer Industrials and Logistics ETF 0.3 60 29 8.9 -0.1
TRFK Pacer Data and Digital Revolution ETF 0.3 60 29 4.0 -5.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 68 3.9 -5.1
MDY SPDR S&P Midcap 400 ETF Trust 0.3 23 66 6.8 -2.3
JRNY ALPS Global Travel Beneficiaries ETF 0.3 65 24 0.0 -9.0
LRGF iShares U.S. Equity Factor ETF 0.2 8 81 5.8 -3.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 79 6.9 -2.1
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 86 7.0 -2.1
IJH iShares Core S&P Mid-Cap ETF 0.2 5 84 6.9 -2.1
EMLP First Trust North American Energy Infrastructure Fund 0.2 95 -6 5.4 -3.7
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 74 7.9 -1.1
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 80 5.1 -4.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 69 2.1 -6.9
GINN Goldman Sachs Innovate Equity ETF 0.2 52 37 2.7 -6.3
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 77 5.7 -3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 85 6.1 -2.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 44 6.2 -2.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 50 8.7 -0.3
VYM Vanguard High Dividend Yield Index ETF 0.2 6 83 7.3 -1.7
FDL First Trust Morningstar Dividend Leaders Index Fund 0.2 45 44 9.7 +0.7
IHI iShares U.S. Medical Devices ETF 0.2 40 49 3.8 -5.2
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 47 6.6 -2.4
VT Vanguard Total World Stock ETF 0.1 7 82 5.8 -3.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 43 8.8 -0.2
PFM Invesco Dividend Achievers ETF 0.1 53 36 5.7 -3.3
VGT Vanguard Information Technology ETF 0.1 10 79 4.7 -4.4
DIVB iShares Core Dividend ETF 0.1 5 84 8.0 -1.0
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 71 4.4 -4.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 61 6.2 -2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 80 5.7 -3.3
LUXX Roundhill S&P Global Luxury ETF 0.1 45 44 2.7 -6.3
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 81 4.8 -4.3
IYG iShares US Financial Services ETF 0.1 40 49 5.8 -3.2
VIG Vanguard Dividend Appreciation ETF 0.1 6 83 5.8 -3.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 69 8.0 -1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 42 5.9 -3.1
HDV iShares Core High Dividend ETF 0.1 8 81 8.1 -0.9
SMDY Syntax Stratified MidCap ETF 0.1 35 54 6.3 -2.7
IGV iShares Expanded Tech-Software Sector ETF 0.1 41 48 3.3 -5.7
SCHK Schwab 1000 Index ETF 0.1 5 84 5.3 -3.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 14 3.8 -5.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 75 5.4 -3.6
IYC iShares U.S. Consumer Discretionary ETF 0.1 40 49 3.8 -5.3
IGM iShares Expanded Tech Sector ETF 0.1 41 48 4.5 -4.5
SMMD iShares Russell 2500 ETF 0.1 15 74 6.0 -3.0
IEDI iShares U.S. Consumer Focused ETF 0.1 18 71 5.0 -4.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 69 6.0 -3.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 72 7.1 -1.9
DSI iShares MSCI KLD 400 Social ETF 0.0 25 64 5.1 -3.9
BTHM BlackRock Future U.S. Themes ETF 0.0 60 29 4.3 -4.8
DGRO iShares Core Dividend Growth ETF 0.0 8 81 6.5 -2.5
IWS iShares Russell Mid-Cap Value ETF 0.0 23 66 6.6 -2.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.0 40 49 4.1 -4.9
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 39 4.7 -4.3
STXV Strive 1000 Value ETF 0.0 18 71 7.8 -1.2
IYY iShares Dow Jones U.S. ETF 0.0 20 69 5.1 -4.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.0 35 54 2.3 -6.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 69 7.1 -1.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 39 5.8 -3.2
IWR iShares Russell Midcap ETF 0.0 19 70 5.7 -3.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 85 4.6 -4.4
RITA ETFB Green SRI REITs ETF 0.0 50 39 6.0 -3.1
VONV Vanguard Russell 1000 Value ETF 0.0 8 81 6.7 -2.3
IWD iShares Russell 1000 Value ETF 0.0 19 70 6.6 -2.5
JHML John Hancock Multifactor Large Cap ETF 0.0 29 60 5.6 -3.4
IWB iShares Russell 1000 ETF 0.0 15 74 5.1 -3.9
STXG Strive 1000 Growth ETF 0.0 18 71 4.2 -4.8
VONE Vanguard Russell 1000 ETF 0.0 8 81 5.2 -3.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 78 5.2 -3.8
PSCE Invesco S&P SmallCap Energy ETF 0.0 29 60 6.0 -3.1
PSCC Invesco S&P SmallCap Consumer Staples ETF 0.0 29 60 8.2 -0.9

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

  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 12.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.55
 
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.