ProShares Russell 2000 Dividend Growers ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 OVERWEIGHT
2023E    2024E
P/E
ratio		 13.9x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.

FUND BASICS
Category US Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Feb 03, 2015
Assets (mns) $786
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $2,412
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 56.3%
Small cap (<$2bn) 43.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELEPHONE AND DATA SYSTEMS, INC. 2.3 %
HNI CORP 1.2 %
COMFORT SYSTEMS USA INC 1.2 %
APPLIED INDUSTRIAL TECH INC 1.2 %
ANDERSONS INC/THE 1.2 %
APOGEE ENTERPRISES INC 1.2 %
ARBOR REALTY TRUST INC 1.1 %
MATSON INC 1.1 %
KAISER ALUMINUM CORP 1.1 %
WORTHINGTON INDUSTRIES 1.1 %
Total 12.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.4% 2.0% 2.7% -- 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.79 62%
MSCI EAFE 0.76 59%
MSCI Emg. Mkts. 0.55 30%

Technical Indicators
Recent close $57.80
30d moving avg. $60.26
Annualized volatility 18.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.9%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $570

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 448 potential alternatives to the ProShares Russell 2000 Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with SMDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SMDV Expense: 40 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SMDV
Ticker Fund
Name		 Overlap1
vs SMDV
(%)		 Expense
ratio
(bp)		 Savings
vs SMDV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SMDV
(%)
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 23.1 35 5 9.5 +1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 22.4 25 15 7.2 -0.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 18.1 35 5 8.8 +0.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.0 12 28 8.5 +0.6
IJT iShares S&P Small-Cap 600 Growth ETF 16.2 25 15 6.9 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.1 15 25 7.1 -0.9
SLYG SPDR S&P 600 Small Cap Growth ETF 16.1 15 25 7.0 -0.9
DES WisdomTree U.S. SmallCap Dividend Fund 15.9 38 2 9.8 +1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 15.1 29 11 8.4 +0.4
PSCI Invesco S&P SmallCap Industrials ETF 14.7 29 11 7.7 -0.2
PEY Invesco High Yield Equity Dividend Achievers ETF 14.5 53 -13 9.3 +1.4
TPSC Timothy Plan US Small Cap Core ETF 14.3 52 -12 8.6 +0.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 14.1 30 10 11.6 +3.7
IFRA iShares U.S. Infrastructure ETF 14.1 30 10 6.4 -1.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 13.8 35 5 8.6 +0.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 13.8 37 3 8.6 +0.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 13.5 38 2 11.0 +3.1
RNSC Small Cap US Equity Select ETF 13.5 60 -20 8.9 +1.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 13.4 15 25 8.5 +0.5
XJR iShares ESG Screened S&P Small-Cap ETF 13.3 12 28 7.9 -0.1
ESIX SPDR S&P SmallCap 600 ESG ETF 13.1 12 28 8.6 +0.7
VIOO Vanguard S&P Small-Cap 600 ETF 12.8 10 30 8.5 +0.6
IJR iShares Core S&P Small Cap ETF 12.8 6 34 8.5 +0.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 12.8 3 37 8.6 +0.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 12.5 60 -20 10.8 +2.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.4 80 -40 7.1 -0.9
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 12.4 19 21 8.5 +0.6
SIXS 6 Meridian Small Cap Equity ETF 12.2 89 -49 8.6 +0.7
SMLE Xtrackers S&P SmallCap 600 ESG ETF 11.8 15 25 8.5 +0.6
TMDV ProShares Russell US Dividend Growers ETF 11.6 35 5 6.8 -1.1
PSCU Invesco S&P SmallCap Utilities ETF 11.4 29 11 8.5 +0.5
FVD First Trust Value Line Dividend Index Fund 11.2 65 -25 6.8 -1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.2 20 20 5.8 -2.1
ISMD Inspire Small/Mid Cap Impact ETF 10.8 54 -14 5.6 -2.3
FYT First Trust Small Cap Value AlphaDEX Fund 10.7 73 -33 11.9 +4.0
SIXL 6 Meridian Low Beta Equity Strategy ETF 10.7 80 -40 6.0 -2.0
SVAL iShares US Small Cap Value Factor ETF 10.4 20 20 11.7 +3.8
SMCP AlphaMark Actively Managed Small Cap ETF 10.4 90 -50 0.0 -7.9
PSC Principal U.S. Small Cap Index ETF 10.4 38 2 8.6 +0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.3 20 20 7.5 -0.4
IWN iShares Russell 2000 Value ETF 10.3 24 16 7.0 -0.9
VTWV Vanguard Russell 2000 Value Index Fund 10.3 15 25 7.0 -0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 10.2 39 1 11.8 +3.8
KRE SPDR S&P Regional Banking ETF 10.1 35 5 11.8 +3.9
STXK Strive Small-Cap ETF 10.1 18 22 5.8 -2.2
IWM iShares Russell 2000 ETF 9.8 19 21 4.6 -3.4
KBWR Invesco KBW Regional Banking ETF 9.7 35 5 11.8 +3.9
VTWO Vanguard Russell 2000 Index Fund 9.7 10 30 4.6 -3.3
SSLY Syntax Stratified SmallCap ETF 9.4 40 0 8.1 +0.1
XSHQ Invesco S&P SmallCap Quality ETF 9.4 30 10 10.5 +2.6
IWO iShares Russell 2000 Growth ETF 9.3 24 16 1.8 -6.2
DFAS Dimensional U.S. Small Cap ETF 9.3 26 14 6.9 -1.1
VTWG Vanguard Russell 2000 Growth Index Fund 9.2 15 25 1.7 -6.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.0 15 25 10.0 +2.0
PSCF Invesco S&P SmallCap Financials ETF 9.0 29 11 11.5 +3.5
IJS iShares S&P Small-cap 600 Value ETF 9.0 18 22 10.1 +2.1
SLYV SPDR S&P 600 Small Cap Value ETF 9.0 15 25 10.1 +2.1
CSML IQ Chaikin U.S. Small Cap ETF 8.9 35 5 6.8 -1.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 8.9 40 0 7.4 -0.5
OSCV Opus Small Cap Value Plus ETF 8.7 79 -39 6.4 -1.5
FYX First Trust Small Cap Core AlphaDEX Fund 8.4 61 -21 8.4 +0.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 8.1 25 15 6.9 -1.1
AVSC Avantis U.S Small Cap Equity ETF 8.1 25 15 5.4 -2.6
KBE SPDR S&P Bank ETF 8.0 35 5 12.9 +4.9
RNMC Mid Cap US Equity Select ETF 7.8 60 -20 8.8 +0.9
JHSC John Hancock Multifactor Small Cap ETF 7.6 42 -2 7.1 -0.9
FIW First Trust Water ETF 7.5 53 -13 4.6 -3.4
CGW Invesco S&P Global Water Index ETF 7.3 57 -17 4.7 -3.2
PHO Invesco Water Resources ETF 7.3 60 -20 4.8 -3.1
XMLV Invesco S&P MidCap Low Volatility ETF 7.2 25 15 7.4 -0.5
ROSC Hartford Multifactor Small Cap ETF 7.2 34 6 11.3 +3.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 7.1 35 5 8.4 +0.4
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 7.1 48 -8 7.9 -0.1
ISCV iShares Morningstar Small Cap Value ETF 7.0 6 34 9.1 +1.1
AQWA Global X Clean Water ETF 6.9 50 -10 5.1 -2.9
SCHA Schwab U.S. Small-Cap ETF 6.8 4 36 5.6 -2.3
DFSV Dimensional US Small Cap Value ETF 6.7 31 9 9.6 +1.6
XSMO Invesco S&P SmallCap Momentum ETF 6.7 39 1 6.1 -1.8
WBIY WBI Power Factor High Dividend ETF 6.5 70 -30 13.3 +5.4
BKSE BNY Mellon US Small Cap Core Equity ETF 6.5 4 36 6.6 -1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.4 39 1 4.8 -3.2
AFSM First Trust Active Factor Small Cap ETF 6.3 77 -37 9.8 +1.9
EES WisdomTree SmallCap Earnings Fund 6.3 38 2 12.5 +4.5
EFRA iShares Environmental Infrastructure and Industrials ETF 6.3 47 -7 6.3 -1.7
EBLU Ecofin Global Water ESG Fund 6.2 40 0 4.5 -3.4
ISCB iShares Morningstar Small-Cap ETF 6.2 4 36 5.9 -2.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.2 17 23 6.3 -1.7
PYZ Invesco DWA Basic Materials Momentum ETF 6.0 60 -20 9.9 +2.0
NUSC Nuveen ESG Small-Cap ETF 6.0 31 9 6.2 -1.7
DWAS Invesco DWA SmallCap Momentum ETF 6.0 60 -20 1.4 -6.6
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.9 29 11 5.9 -2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 5.8 70 -30 12.3 +4.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 5.8 9 31 5.2 -2.8
PSCM Invesco S&P SmallCap Materials ETF 5.8 29 11 8.1 +0.1
DFAT Dimensional U.S. Targeted Value ETF 5.8 28 12 9.4 +1.4
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 5.7 60 -20 8.5 +0.5
WCEO Hypatia Women CEO ETF 5.7 85 -45 6.3 -1.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 5.6 39 1 10.0 +2.1
VBR Vanguard Small Cap Value Index Fund 5.6 7 33 9.2 +1.3
VRAI Virtus Real Asset Income ETF 5.5 55 -15 9.0 +1.0
ISCG iShares Morningstar Small-Cap Growth ETF 5.5 6 34 2.3 -5.6
FSMD Fidelity Small-Mid Factor ETF 5.4 29 11 8.3 +0.4
PUI Invesco DWA Utilities Momentum ETF 5.4 60 -20 6.1 -1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 5.4 59 -19 8.3 +0.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.3 30 10 9.5 +1.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.2 39 1 12.1 +4.1
FYC First Trust Small Cap Growth AlphaDEX Fund 5.2 71 -31 2.0 -5.9
AVUV Avantis U.S. Small Cap Value ETF 5.2 25 15 10.6 +2.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.2 25 15 10.0 +2.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 5.1 59 -19 8.3 +0.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.1 47 -7 10.0 +2.1
DON WisdomTree U.S. MidCap Dividend Fund 5.1 38 2 9.6 +1.7
TPYP Tortoise North American Pipeline Fund 5.1 40 0 5.5 -2.4
VPU Vanguard Utilities Index Fund 5.1 10 30 6.5 -1.4
FUTY Fidelity MSCI Utilities Index ETF 4.9 8 32 6.8 -1.2
XMVM Invesco S&P MidCap Value with Momentum ETF 4.9 39 1 11.1 +3.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.9 70 -30 3.4 -4.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 4.8 24 16 8.9 +1.0
DBLV AdvisorShares DoubleLine Value Equity ETF 4.7 91 -51 8.7 +0.8
AIRR First Trust RBA American Industrial Renaissance ETF 4.4 70 -30 5.9 -2.1
VB Vanguard Small-Cap ETF 4.4 5 35 6.2 -1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 4.4 7 33 5.9 -2.1
DSMC Distillate Small/Mid Cash Flow ETF 4.2 55 -15 12.3 +4.4
JSML Janus Henderson Small Cap Growth Alpha ETF 4.2 30 10 11.3 +3.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 4.1 52 -12 8.7 +0.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 4.1 35 5 13.5 +5.5
IPDP Dividend Performers ETF 4.0 106 -66 5.8 -2.2
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 4.0 15 25 7.4 -0.6
IWTR iShares MSCI Water Management Multisector ETF 4.0 47 -7 6.0 -2.0
FAB First Trust Multi Cap Value AlphaDEX Fund 3.9 67 -27 11.0 +3.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 3.9 46 -6 6.8 -1.2
SMDY Syntax Stratified MidCap ETF 3.9 35 5 8.0 +0.1
SQLV Legg Mason Small-Cap Quality Value 3.8 60 -20 10.4 +2.4
CALF Pacer US Small Cap Cash Cows 100 ETF 3.8 59 -19 12.9 +5.0
SDY SPDR S&P Dividend ETF 3.8 35 5 7.2 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 3.7 38 2 11.1 +3.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 3.7 15 25 9.3 +1.4
IJJ iShares S&P Mid-Cap 400 Value ETF 3.7 18 22 9.2 +1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 3.7 15 25 9.4 +1.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.6 15 25 6.2 -1.7
VXF Vanguard Extended Market Index Fund 3.6 6 34 4.3 -3.7
KVLE KFA Value Liner Dynamic Core Equity Index ETF 3.5 56 -16 7.0 -0.9
MDY SPDR S&P Midcap 400 ETF Trust 3.5 23 17 8.0 +0.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 3.5 15 25 8.2 +0.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 3.5 95 -55 2.5 -5.5
DIV Global X SuperDividend US ETF 3.5 45 -5 8.5 +0.6
CVAR Cultivar ETF 3.4 87 -47 8.7 +0.8
IJH iShares Core S&P Mid-Cap ETF 3.4 5 35 8.2 +0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 3.4 10 30 8.2 +0.2
SPMD SPDR Portfolio Mid Cap ETF 3.4 3 37 8.2 +0.3
XTL SPDR S&P Telecom ETF 3.3 35 5 10.0 +2.0
LVHD Legg Mason Low Volatility High Dividend ETF 3.2 27 13 9.3 +1.4
XME SPDR S&P Metals & Mining ETF 3.2 35 5 8.6 +0.6
XMHQ Invesco S&P MidCap Quality ETF 3.2 25 15 9.2 +1.2
IJK iShares S&P Mid-Cap 400 Growth ETF 3.2 17 23 7.2 -0.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 3.1 15 25 7.2 -0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 3.1 15 25 7.2 -0.7
AFMC First Trust Active Factor Mid Cap ETF 3.1 65 -25 9.7 +1.8
DHS WisdomTree U.S. High Dividend Fund 3.1 38 2 9.8 +1.9
VFMV Vanguard U.S. Minimum Volatility ETF 3.1 13 27 6.4 -1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 3.1 15 25 8.7 +0.8
PRN Invesco DWA Industrials Momentum ETF 3.0 60 -20 6.3 -1.7
NVIR Horizon Kinetics Energy and Remediation ETF 3.0 85 -45 0.2 -7.8
ETHO Etho Climate Leadership U.S. ETF 3.0 47 -7 5.5 -2.5
SRHQ SRH U.S. Quality ETF 3.0 35 5 9.0 +1.1
XJH iShares ESG Screened S&P Mid-Cap ETF 2.9 12 28 8.2 +0.3
GVLU Gotham 1000 Value ETF 2.9 50 -10 9.6 +1.7
BFOR Barron's 400 ETF 2.8 65 -25 8.7 +0.8
VBK Vanguard Small-Cap Growth Index Fund 2.7 7 33 1.5 -6.4
IWC iShares Micro-Cap ETF 2.7 60 -20 -3.9 -11.8
DVY iShares Select Dividend ETF 2.7 38 2 10.1 +2.1
CNRG SPDR S&P Kensho Clean Power ETF 2.6 45 -5 -2.2 -10.1
VFQY Vanguard U.S. Quality Factor ETF 2.5 13 27 7.9 -0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.5 63 -23 3.5 -4.5
VFVA Vanguard U.S. Value Factor ETF 2.5 13 27 11.5 +3.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 2.5 60 -20 6.4 -1.5
FTRI First Trust Indxx Global Natural Resources Income ETF 2.4 70 -30 8.4 +0.4
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 2.4 35 5 3.0 -4.9
FDM First Trust Dow Jones Select Microcap Index Fund 2.4 60 -20 7.6 -0.3
PKB Invesco Dynamic Building & Construction ETF 2.3 60 -20 12.2 +4.3
GLIF AGFiQ Global Infrastructure ETF 2.2 45 -5 5.7 -2.3
RWK Invesco S&P MidCap 400 Revenue ETF 2.2 39 1 9.7 +1.7
WGRO WisdomTree U.S. Growth & Momentum Fund 2.1 55 -15 7.3 -0.7
FMAT Fidelity MSCI Materials Index ETF 2.0 8 32 7.3 -0.6
VAW Vanguard Materials Index Fund 2.0 10 30 6.9 -1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.0 47 -7 6.1 -1.9
SFYX Sofi Next 500 ETF 2.0 0 40 6.2 -1.8
VFMF Vanguard U.S. Multifactor ETF 2.0 18 22 9.5 +1.6
XMMO Invesco S&P MidCap Momentum ETF 1.9 33 7 6.5 -1.4
KCAL Subversive Food Security ETF 1.9 75 -35 8.6 +0.6
YUMY VanEck Future of Food ETF 1.9 69 -29 4.5 -3.4
RFV Invesco S&P Midcap 400 Pure Value ETF 1.9 35 5 11.1 +3.2
PSCH Invesco S&P SmallCap Health Care ETF 1.9 29 11 3.1 -4.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.8 60 -20 11.3 +3.4
KRUZ Unusual Whales Subversive Republican Trading ETF 1.8 75 -35 4.8 -3.2
BLDG Cambria Global Real Estate ETF 1.8 59 -19 9.1 +1.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.8 45 -5 -3.8 -11.8
WDIV SPDR Global Dividend ETF 1.8 40 0 10.9 +3.0
PTH Invesco DWA Healthcare Momentum ETF 1.7 60 -20 -2.9 -10.8
IAT iShares U.S. Regional Banks ETF 1.7 40 0 12.8 +4.9
BRNY Burney U.S. Factor Rotation ETF 1.7 79 -39 6.6 -1.4
PPTY PPTY-U.S. Diversified Real Estate ETF 1.7 53 -13 7.2 -0.7
VFMO Vanguard U.S. Momentum Factor ETF 1.6 13 27 2.7 -5.2
QLV FlexShares US Quality Low Volatility Index Fund 1.6 22 18 5.9 -2.0
ECLN First Trust EIP Carbon Impact ETF 1.6 96 -56 5.2 -2.7
FDL First Trust Morningstar Dividend Leaders Index Fund 1.6 45 -5 11.3 +3.4
BOSS Global X Founder-Run Companies ETF 1.6 45 -5 3.3 -4.6
VSDA VictoryShares Dividend Accelerator ETF 1.6 35 5 7.0 -0.9
DEEP Roundhill Acquirers Deep Value ETF 1.5 80 -40 17.9 +9.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.5 35 5 8.3 +0.4
VIS Vanguard Industrials Index Fund 1.5 10 30 5.3 -2.6
PAVE Global X U.S. Infrastructure Development ETF 1.5 47 -7 6.9 -1.1
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.5 69 -29 7.4 -0.5
DFAC Dimensional U.S. Core Equity 2 ETF 1.5 17 23 6.6 -1.4
FIDU Fidelity MSCI Industrials Index ETF 1.5 8 32 5.6 -2.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.5 25 15 6.6 -1.3
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.4 60 -20 7.8 -0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 1.4 37 3 7.4 -0.6
NZRO Strategy Shares Halt Climate Change ETF 1.4 95 -55 1.9 -6.1
PDP Invesco DWA Momentum ETF 1.3 62 -22 4.7 -3.3
AUSF Global X Adaptive U.S. Factor ETF 1.3 27 13 6.3 -1.7
XHE SPDR S&P Health Care Equipment ETF 1.3 35 5 0.7 -7.3
PRNT The 3D Printing ETF 1.2 66 -26 -3.2 -11.1
PFM Invesco Dividend Achievers ETF 1.2 53 -13 6.4 -1.6
TTAC TrimTabs US Free Cash Flow Quality ETF 1.2 59 -19 6.8 -1.2
BFTR Future Innovators ETF 1.2 80 -40 2.4 -5.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.2 39 1 6.1 -1.8
DFSU Dimensional US Sustainability Core 1 ETF 1.2 18 22 6.7 -1.3
RYJ Invesco Raymond James SB-1 Equity ETF 1.2 81 -41 4.2 -3.7
EMLP First Trust North American Energy Infrastructure Fund 1.2 95 -55 5.6 -2.3
MAKX ProShares S&P Kensho Smart Factories ETF 1.2 58 -18 3.8 -4.1
RSHO Tema American Reshoring ETF 1.2 75 -35 3.6 -4.3
PBJ Invesco Dynamic Food & Beverage ETF 1.2 63 -23 6.2 -1.8
PSL Invesco DWA Consumer Staples Momentum ETF 1.2 60 -20 4.9 -3.1
KOMP SPDR Kensho New Economies Composite ETF 1.2 20 20 -0.4 -8.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 1 13.3 +5.3
FLDZ RiverNorth Volition America Patriot ETF 1.1 75 -35 6.5 -1.4
SDIV Global X SuperDividend ETF 1.1 58 -18 18.3 +10.3
SRET Global X SuperDividend REIT ETF 1.1 59 -19 10.4 +2.4
RIET Hoya Capital High Dividend Yield ETF 1.1 50 -10 11.9 +4.0
PFI Invesco DWA Financial Momentum ETF 1.1 60 -20 5.1 -2.8
MORT VanEck Mortgage REIT Income ETF 1.1 41 -1 12.4 +4.4
REM iShares Mortgage Real Estate ETF 1.1 48 -8 14.1 +6.1
ZIG The Acquirers Fund 1.1 84 -44 19.0 +11.0
XTN SPDR S&P Transportation ETF 1.1 35 5 3.0 -5.0
BOAT SonicShares Global Shipping ETF 1.1 69 -29 19.5 +11.5
MBOX Freedom Day Dividend ETF 1.1 39 1 8.4 +0.4
ECML Euclidean Fundamental Value ETF 1.1 95 -55 16.0 +8.1
SEA U.S. Global Sea to Sky Cargo ETF 1.1 60 -20 30.8 +22.9
JSTC Adasina Social Justice All Cap Global ETF 1.1 89 -49 5.6 -2.3
SLX VanEck Steel ETF 1.1 56 -16 23.9 +16.0
GRPM Invesco S&P MidCap 400 GARP ETF 1.1 35 5 11.8 +3.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.1 50 -10 7.4 -0.6
QQQS Invesco NASDAQ Future Gen 200 ETF 1.1 20 20 -11.6 -19.6
HKND Humankind US Stock ETF 1.1 11 29 7.3 -0.7
DTD WisdomTree U.S.Total Dividend Fund 1.1 28 12 7.4 -0.5
SYLD Cambria Shareholder Yield ETF 1.1 59 -19 11.7 +3.7
PSCT Invesco S&P SmallCap Information Technology ETF 1.1 29 11 6.6 -1.4
SNSR Global X Internet of Things Thematic ETF 1.1 68 -28 4.9 -3.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.1 45 -5 2.3 -5.7
AVUS Avantis U.S. Equity ETF 1.1 15 25 6.9 -1.1
FIVG Defiance Next Gen Connectivity ETF 1.1 30 10 8.4 +0.4
ROOF IQ US Real Estate Small Cap ETF 1.1 60 -20 7.5 -0.4
UDI USCF Dividend Income Fund 1.0 65 -25 8.2 +0.2
DFUV Dimensional US Marketwide Value ETF 1.0 22 18 8.6 +0.7
VNSE Natixis Vaughan Nelson Select ETF 1.0 80 -40 4.4 -3.6
BYTE Roundhill IO Digital Infrastructure ETF 1.0 46 -6 5.3 -2.7
GDIV Harbor Dividend Growth Leaders ETF 1.0 50 -10 6.7 -1.2
PRAY FIS Biblically Responsible Risk Managed ETF 1.0 68 -28 6.8 -1.2
KCE SPDR S&P Capital Markets ETF 1.0 35 5 8.2 +0.2
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 1.0 80 -40 7.5 -0.4
ACTV LeaderShares Activist Leaders ETF 1.0 75 -35 9.3 +1.4
FSTA Fidelity MSCI Consumer Staples Index ETF 1.0 8 32 6.3 -1.6
VDC Vanguard Consumer Staples Index Fund 1.0 10 30 6.3 -1.7
ROKT SPDR S&P Kensho Final Frontiers ETF 1.0 45 -5 1.7 -6.2
FTXR First Trust Nasdaq Transportation ETF 1.0 60 -20 6.8 -1.1
IHF iShares U.S. Healthcare Providers ETF 1.0 39 1 6.6 -1.3
XHS SPDR S&P Health Care Services ETF 1.0 35 5 7.5 -0.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.0 60 -20 5.4 -2.5
SUPL ProShares Supply Chain Logistics ETF 1.0 58 -18 13.8 +5.8
WTRE WisdomTree New Economy Real Estate Fund 1.0 58 -18 5.2 -2.8
BYRE Principal Real Estate Active Opportunities ETF 1.0 65 -25 6.1 -1.8
PSR Invesco Active U.S. Real Estate Fund 1.0 35 5 6.9 -1.0
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 1.0 55 -15 5.7 -2.3
SPRE SP Funds S&P Global REIT Sharia ETF 1.0 59 -19 5.3 -2.7
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.0 75 -35 3.6 -4.4
DTRE Alerian Disruptive Technology Real Estate ETF 1.0 60 -20 6.9 -1.1
PRVT Private Real Estate Strategy via Liquid REITs ETF 1.0 59 -19 6.6 -1.3
KBWD Invesco KBW High Dividend Yield Financial ETF 1.0 384 -344 9.4 +1.4
TINT ProShares Smart Materials ETF 1.0 58 -18 6.7 -1.2
VUSE Vident Core US Equity Fund 1.0 50 -10 6.3 -1.6
IVEG iShares Emergent Food and AgTech Multisector ETF 1.0 47 -7 8.9 +1.0
AMID Argent Mid Cap ETF 1.0 52 -12 8.8 +0.9
MGMT Ballast Small/Mid Cap ETF 1.0 110 -70 6.9 -1.0
UTES Virtus Reaves Utilities ETF 0.9 49 -9 6.1 -1.9
RUNN Running Oak Efficient Growth ETF 0.9 58 -18 6.0 -1.9
VIG Vanguard Dividend Appreciation Index Fund 0.9 6 34 6.3 -1.7
BFIT Global X Health & Wellness ETF 0.9 50 -10 6.1 -1.8
EDUT Global X Education ETF 0.9 50 -10 2.4 -5.5
KBWP Invesco KBW Property & Casualty Insurance ETF 0.9 35 5 6.5 -1.4
MOTE VanEck Morningstar ESG Moat ETF 0.9 49 -9 6.3 -1.6
MOTG VanEck Morningstar Global Wide Moat ETF 0.9 52 -12 7.1 -0.8
ERTH Invesco MSCI Sustainable Future ETF 0.9 56 -16 4.2 -3.8
TOKE Cambria Cannabis ETF 0.9 42 -2 -20.1 -28.1
CVY Invesco Zacks Multi-Asset Income ETF 0.9 100 -60 11.9 +3.9
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 0.9 101 -61 0.8 -7.2
RNEW VanEck Green Infrastructure ETF 0.9 45 -5 0.0 -7.9
ICAP InfraCap Equity Income Fund ETF 0.9 171 -131 10.0 +2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -16 15.0 +7.1
EVX VanEck Environmental Services ETF 0.9 55 -15 3.7 -4.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.9 58 -18 -0.6 -8.5
XSD SPDR S&P Semiconductor ETF 0.9 35 5 6.9 -1.0
SPRX Spear Alpha ETF 0.9 75 -35 1.5 -6.5
AHOY Newday Ocean Health ETF 0.9 75 -35 6.4 -1.6
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -28 7.2 -0.7
FNCL Fidelity MSCI Financials Index ETF 0.8 8 32 7.6 -0.3
KBWY Invesco KBW Premium Yield Equity REIT ETF 0.8 35 5 19.7 +11.7
NETL NETLease Corporate Real Estate ETF 0.8 60 -20 9.2 +1.3
XITK SPDR FactSet Innovative Technology ETF 0.8 45 -5 0.3 -7.7
CBSE Changebridge Capital Sustainable Equity ETF 0.8 85 -45 2.1 -5.9
DRIV Global X Autonomous & Electric Vehicles ETF 0.8 68 -28 4.5 -3.4
CWS AdvisorShares Focused Equity ETF 0.8 65 -25 5.7 -2.2
EATV VegTech Plant-based Innovation & Climate ETF 0.8 75 -35 1.9 -6.1
CZA Invesco Zacks Mid-Cap ETF 0.8 69 -29 7.3 -0.7
ROUS Hartford Multifactor US Equity ETF 0.8 19 21 8.3 +0.4
HOMZ Hoya Capital Housing ETF 0.8 30 10 9.5 +1.6
VYM Vanguard High Dividend Yield Index ETF 0.8 6 34 8.2 +0.3
ARB AltShares Merger Arbitrage ETF 0.8 76 -36 7.5 -0.5
LCLG Logan Capital Broad Innovative Growth ETF 0.8 99 -59 6.1 -1.9
MOO VanEck Agribusiness ETF 0.8 53 -13 8.9 +1.0
VFH Vanguard Financials Index Fund 0.8 10 30 7.6 -0.4
QGRO American Century STOXX U.S. Quality Growth ETF 0.8 29 11 6.7 -1.2
SXQG 6 Meridian Quality Growth ETF 0.8 100 -60 5.0 -2.9
DGRO iShares Core Dividend Growth ETF 0.7 8 32 7.3 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 0.7 12 28 8.3 +0.4
FREL Fidelity MSCI Real Estate Index ETF 0.7 8 32 7.5 -0.5
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.7 8 32 6.4 -1.5
VOX Vanguard Telecommunication Services Index Fund 0.7 10 30 5.5 -2.4
FRI First Trust S&P REIT Index Fund 0.7 50 -10 7.0 -0.9
RWR SPDR Dow Jones REIT ETF 0.7 25 15 7.4 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.7 25 15 7.6 -0.3
USRT iShares Core U.S. REIT ETF 0.7 8 32 7.5 -0.4
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.7 11 29 7.5 -0.4
FPRO Fidelity Real Estate Investment ETF 0.7 59 -19 6.0 -1.9
DFAR Dimensional US Real Estate ETF 0.6 19 21 7.5 -0.5
DFAU Dimensional US Core Equity Market ETF 0.6 12 28 6.0 -1.9
VALQ American Century STOXX U.S. Quality Value ETF 0.6 29 11 8.5 +0.6
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -30 10.4 +2.4
SMOG VanEck Low Carbon Energy ETF 0.6 61 -21 3.0 -5.0
CRED Columbia Research Enhanced Real Estate ETF 0.6 33 7 7.9 -0.1
VNQ Vanguard REIT Index Fund 0.6 12 28 7.5 -0.5
FTXG First Trust Nasdaq Food & Beverage ETF 0.6 60 -20 6.1 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.6 29 11 7.6 -0.4
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 -5 5.9 -2.1
XT iShares Exponential Technologies ETF 0.5 46 -6 3.9 -4.1
IYT iShares Transportation Average ETF 0.5 39 1 2.7 -5.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 37 5.8 -2.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.5 85 -45 8.3 +0.3
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 36 6.7 -1.2
RESP WisdomTree US ESG Fund of Benef Interest 0.5 28 12 6.8 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 1 12.4 +4.4
VTHR Vanguard Russell 3000 Index Fund 0.5 10 30 5.7 -2.3
VTI Vanguard Total Stock Market Index Fund 0.5 3 37 5.7 -2.2
HJEN Direxion Hydrogen ETF 0.5 45 -5 -2.2 -10.1
IWV iShares Russell 3000 ETF 0.5 20 20 5.6 -2.3
SCHB Schwab U.S. Broad Market ETF 0.5 3 37 5.9 -2.1
REET iShares Global REIT ETF 0.5 14 26 7.2 -0.8
NVQ QRAFT AI-Enhanced US Next Value ETF 0.5 75 -35 10.9 +3.0
DFUS Dimensional U.S. Equity ETF 0.5 9 31 5.8 -2.1
AVRE Avantis Real Estate ETF 0.5 17 23 6.7 -1.3
SCHH Schwab U.S. REIT ETF 0.5 7 33 7.6 -0.4
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -10 6.8 -1.1
SHOC Strive U.S. Semiconductor ETF 0.5 40 0 6.6 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 0.5 3 37 6.2 -1.8
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 31 5.7 -2.2
FBCV Fidelity Blue Chip Value ETF 0.5 59 -19 7.4 -0.6
FDWM Fidelity Women's Leadership ETF 0.5 59 -19 5.9 -2.0
ERET iShares Environmentally Aware Real Estate ETF 0.5 30 10 7.3 -0.6
DFGR Dimensional Global Real Estate ETF 0.5 22 18 7.1 -0.8
DEW WisdomTree Global High Dividend Fund 0.4 58 -18 10.1 +2.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 28 5.5 -2.4
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 1 7.6 -0.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.4 45 -5 5.4 -2.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.4 21 19 4.2 -3.8
PKW Invesco Buyback Achievers ETF 0.4 64 -24 9.0 +1.1
BUL Pacer US Cash Cows Growth ETF 0.4 60 -20 10.5 +2.5
FLRG Fidelity U.S. Multifactor ETF 0.4 29 11 7.8 -0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 -6 8.8 +0.8
HART IQ Healthy Hearts ETF 0.4 45 -5 6.4 -1.5
AGNG Global X Aging Population ETF 0.4 50 -10 4.4 -3.6
IQRA IQ CBRE Real Assets ETF 0.4 65 -25 5.9 -2.0
HDV iShares Core High Dividend ETF 0.4 8 32 9.4 +1.4
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.3 65 -25 7.1 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 0.3 41 -1 7.7 -0.3
DIVB iShares Core Dividend 0.3 5 35 9.0 +1.0
OCEN IQ Clean Oceans ETF 0.3 45 -5 7.1 -0.8
USMF WisdomTree U.S. Multifactor Fund 0.3 28 12 7.7 -0.3
TMFX Motley Fool Next Index ETF 0.3 50 -10 3.9 -4.1
GRNR Global X Green Building ETF 0.3 45 -5 7.4 -0.6
HLGE Hartford Longevity Economy ETF 0.3 44 -4 8.8 +0.8
VT Vanguard Total World Stock ETF 0.3 7 33 6.6 -1.3
HYDR Global X Hydrogen ETF 0.3 50 -10 -9.7 -17.6
MVPS Amplify Thematic All-Stars ETF 0.3 49 -9 2.2 -5.8
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 0.3 15 25 7.1 -0.9
VEGI iShares MSCI Global Agriculture Producers ETF 0.2 39 1 8.5 +0.6
FQAL Fidelity Quality Factor ETF 0.2 29 11 6.1 -1.9
HAP VanEck Natural Resources ETF 0.2 50 -10 8.2 +0.3
DRLL Strive U.S. Energy ETF 0.2 41 -1 5.8 -2.1
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -25 7.6 -0.4
IUSV iShares Core S&P U.S. Value ETF 0.2 4 36 6.8 -1.2
SHPP Pacer Industrials and Logistics ETF 0.2 60 -20 9.9 +2.0
IYG iShares US Financial Services ETF 0.2 39 1 7.4 -0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.2 28 12 6.5 -1.5
IAK iShares U.S. Insurance ETF 0.2 39 1 7.1 -0.8
IUSG iShares Core S&P US Growth ETF 0.2 4 36 6.0 -1.9
IUS Invesco Strategic US ETF 0.2 19 21 8.1 +0.1
REZ iShares Residential Real Estate Capped ETF 0.2 48 -8 6.4 -1.6
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 25 8.7 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 -7 9.0 +1.1
BTHM BlackRock Future U.S. Themes ETF 0.2 60 -20 6.0 -2.0
VDNI V-Shares US Leadership Diversity ETF 0.2 29 11 6.2 -1.8
FDLO Fidelity Low Volatility Factor ETF 0.2 29 11 5.8 -2.1
VGT Vanguard Information Technology Index Fund 0.2 10 30 5.5 -2.4
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -35 4.8 -3.1
IYY iShares Dow Jones U.S. ETF 0.1 20 20 5.8 -2.2
SCHK Schwab 1000 Index ETF 0.1 5 35 6.0 -2.0
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 32 5.5 -2.4
DURA VanEck Morningstar Durable Dividend ETF 0.1 29 11 8.0 +0.1
IGPT Invesco AI and Next Gen Software ETF 0.1 50 -10 5.1 -2.9
VHT Vanguard Health Care Index Fund 0.1 10 30 6.7 -1.3
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 32 6.7 -1.2
STXV Strive 1000 Value ETF 0.1 18 22 8.4 +0.4
SCHD Schwab U.S. Dividend Equity ETF 0.1 6 34 9.4 +1.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 15 5.9 -2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 15 7.7 -0.2
IHI iShares U.S. Medical Devices ETF 0.1 40 0 4.9 -3.0
IGM iShares Expanded Tech Sector ETF 0.1 41 -1 5.4 -2.6
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 8 32 6.9 -1.0
VIRS Pacer BioThreat Strategy ETF 0.1 70 -30 7.2 -0.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 22 5.5 -2.5
HDUS Hartford Disciplined US Equity ETF 0.0 19 21 7.0 -1.0
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 -10 5.4 -2.6
STXD Strive 1000 Dividend Growth ETF 0.0 35 5 6.2 -1.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 29 5.9 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 31 6.4 -1.6
VCR Vanguard Consumer Discretionary Index Fund 0.0 10 30 5.0 -3.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.0 8 32 5.0 -2.9
STXG Strive 1000 Growth ETF 0.0 18 22 5.1 -2.9

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2018 2019 2020 2021 2022 2023E 2024E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 ProShares Russell 2000 Dividend Growers ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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