Invesco Solar ETF
ALTAR
Score™
0.4% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
34.8x P/Sales
ratio
2.3x
P/BV
ratio
3.2x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Claymore/MAC Global Solar Energy Index ETF seeks investment results that correspond to the price and yield of the MAC Global Solar Energy Index.

FUND BASICS
Category Global Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Apr 15, 2008
Assets (mns) $3,306
Currency USD
Expense ratio 69 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 46
Wgt avg mkt cap (mns) $7,786
Large cap (>$10bn) 28.3%
Mid cap ($2-10bn) 41.2%
Small cap (<$2bn) 18.0%
Developed mkts 69.2%
Emerging mkts 30.8%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 11.7 %
SOLAREDGE TECHNOLOGIES, INC. 9.6 %
SUNRUN INC. 6.9 %
XINYI SOLAR HOLDINGS LTD 6.9 %
FIRST SOLAR INC 6.1 %
GCL POLY ENERGY HOLDINGS LTD 4.5 %
DAQO NEW ENERGY CORP. SPONSORED AD 3.4 %
ABENGOA YIELD PLC 2.8 %
HANWHA CHEMICAL CORP 2.7 %
HANNON ARMSTRONG SUSTAINABLE 2.6 %
Total 57.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 46.8 %
CHINA 18.0 %
HONG KONG 5.0 %
GERMANY 3.7 %
TAIWAN 3.3 %
ISRAEL 3.0 %
SPAIN 2.8 %
BRITAIN 2.8 %
SOUTH KOREA 2.7 %
CANADA 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.1% 147.7% 35.7% 5.4% -5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.33 32%
MSCI EAFE 1.31 31%
MSCI Emg. Mkts. 1.47 46%

Technical Indicators
Recent close $84.31
30d moving avg. $85.26
Annualized volatility 43.4%
Short interest (ETF) 8.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1,564
Turnover 4.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $3,308

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 406 potential alternatives to the Invesco Solar ETF ETF based on the alternatives' overlap in portfolio holdings with TAN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TAN Expense: 69 bp ALTAR Score™: 0.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TAN
Ticker Fund
Name
Overlap1
vs TAN
(%)
Expense
ratio
(bp)
Savings
vs TAN
(bp)
ALTAR
Score™
(%)
ALTAR
vs TAN
(%)
CTEC Global X CleanTech ETF 41.6 50 19 3.0 +2.6
CNRG SPDR S&P Kensho Clean Power ETF 32.8 45 24 2.2 +1.8
ACES ALPS Clean Energy ETF 28.6 55 14 0.6 +0.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 27.6 60 9 0.2 -0.2
ICLN iShares Global Clean Energy ETF 26.7 46 23 4.9 +4.5
PBD Invesco Global Clean Energy ETF 24.8 75 -6 -0.0 -0.4
PBW Invesco WilderHill Clean Energy ETF 21.5 70 -1 -1.5 -1.9
RNRG Global X Renewable Energy Producers ETF 18.5 65 4 2.4 +2.1
SMOG VanEck Vectors Low Carbon Energy ETF 12.9 62 7 3.3 +3.0
SULR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 12.4 79 -10 4.7 +4.4
BNE Blue Horizon BNE ETF 12.0 87 -18 3.0 +2.6
KGRN KraneShares MSCI China Environment Index ETF 9.6 80 -11 6.5 +6.1
ITEQ BlueStar Israel Technology ETF 9.1 75 -6 1.3 +1.0
WWOW Direxion World Without Waste ETF 9.1 50 19 1.0 +0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 8.8 70 -1 3.1 +2.7
FXN First Trust Energy AlphaDEX Fund 8.7 64 5 3.2 +2.8
CHIK Global X MSCI China Information Technology ETF 7.8 65 4 4.4 +4.0
XMMO Invesco S&P MidCap Momentum ETF 7.7 34 35 3.5 +3.2
ECNS iShares MSCI China Small-Cap ETF 6.8 59 10 10.7 +10.4
ISRA VanEck Vectors Israel ETF 5.9 62 7 5.0 +4.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.9 60 9 6.1 +5.7
XSD SPDR S&P Semiconductor ETF 4.8 35 34 3.4 +3.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.4 35 34 4.0 +3.6
DTEC ALPS Disruptive Technologies ETF 4.1 50 19 2.8 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 3.8 49 20 4.4 +4.0
ECOZ TrueMark ESG Active Opportunities ETF 3.6 58 11 3.3 +2.9
OSCV Opus Small Cap Value Plus ETF 3.3 79 -10 4.0 +3.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 3.2 15 54 2.4 +2.1
SDGA Impact Shares Sustainable Development Goals Global ETF 3.2 75 -6 5.3 +5.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.1 45 24 3.2 +2.8
ALFA AlphaClone Alternative Alpha ETF 2.7 65 4 1.0 +0.7
REM iShares Mortgage Real Estate ETF 2.6 48 21 12.1 +11.7
MORT VanEck Vectors Mortgage REIT Income ETF 2.6 40 29 11.8 +11.4
IJK iShares S&P Mid-Cap 400 Growth ETF 2.6 17 52 4.3 +3.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 2.6 15 54 4.3 +3.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 2.6 15 54 4.3 +4.0
WOMN Impact Shares YWCA Women's Empowerment ETF 2.6 75 -6 4.2 +3.8
ETHO Etho Climate Leadership U.S. ETF 2.4 48 21 3.8 +3.4
SLT Pacer Salt High truBeta US Market ETF 2.4 60 9 2.6 +2.2
PGJ Invesco Golden Dragon China ETF 2.3 70 -1 5.0 +4.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.2 70 -1 2.8 +2.5
BTEK BlackRock Future Tech ETF 2.2 88 -19 -0.1 -0.5
QQQN VictoryShares Nasdaq Next 50 ETF 2.1 18 51 2.1 +1.8
FEVR Inspire Faithward Large Cap Momentum ESG ETF 2.1 85 -16 3.4 +3.0
QVAL Alpha Architect U.S. Quantitative Value ETF 2.0 49 20 8.0 +7.6
FFTY Innovator IBD 50 ETF 1.9 80 -11 5.8 +5.4
RPG Invesco S&P 500 Pure Growth ETF 1.8 35 34 3.0 +2.6
ECLN First Trust EIP Carbon Impact ETF 1.7 97 -28 3.3 +2.9
SDG iShares Sustainable MSCI Global Impact ETF 1.7 49 20 6.4 +6.1
AIRR First Trust RBA American Industrial Renaissance ETF 1.7 70 -1 4.5 +4.2
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 1.6 85 -16 5.1 +4.7
RYT Invesco S&P 500 Equal Weight Technology ETF 1.6 40 29 4.8 +4.4
EIS iShares MSCI Israel ETF 1.6 59 10 6.0 +5.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.6 7 62 3.8 +3.4
ENOR iShares MSCI Norway ETF 1.5 53 16 7.6 +7.2
SPHB Invesco S&P 500 High Beta ETF 1.5 25 44 4.0 +3.6
NORW Global X MSCI Norway ETF 1.5 50 19 7.6 +7.2
KOMP SPDR Kensho New Economies Composite ETF 1.5 20 49 1.6 +1.2
BATT Amplify Advanced Battery Metals & Materials ETF 1.5 59 10 1.9 +1.5
EWGS iShares MSCI Germany Small Cap ETF 1.4 59 10 4.9 +4.5
IZRL ARK Israel Innovative Technology ETF 1.4 49 20 -1.2 -1.5
VBK Vanguard Small-Cap Growth Index Fund 1.4 7 62 1.9 +1.5
FNI First Trust Chindia ETF 1.3 60 9 2.6 +2.3
IMOM Alpha Architect International Quantitative Momentum ETF 1.3 59 10 4.9 +4.5
XJH iShares ESG Screened S&P Mid-Cap ETF 1.3 12 57 5.6 +5.2
NUSC Nuveen ESG Small-Cap ETF 1.3 40 29 3.8 +3.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.3 80 -11 14.6 +14.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.2 15 54 5.8 +5.4
SPMD SPDR Portfolio Mid Cap ETF 1.2 5 64 5.5 +5.2
IVOO Vanguard S&P Mid-Cap 400 ETF 1.2 10 59 5.6 +5.2
MDY SPDR S&P Midcap 400 ETF Trust 1.2 23 46 5.3 +5.0
IJH iShares Core S&P Mid-Cap ETF 1.2 5 64 5.5 +5.2
HAIL SPDR S&P Kensho Smart Mobility ETF 1.2 45 24 3.4 +3.0
RFFC RiverFront Dynamic US Flex-Cap ETF 1.2 52 17 4.3 +4.0
BFTR Future Innovators ETF 1.2 80 -11 -1.2 -1.6
SFYX Sofi Next 500 ETF 1.1 0 69 4.5 +4.1
EWX SPDR S&P Emerging Markets Small Cap ETF 1.1 65 4 5.5 +5.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 1.1 49 20 4.4 +4.0
GLCN VanEck Vectors Ftse China A50 ETF 1.1 60 9 6.9 +6.5
IMCG iShares Morningstar Mid-Cap Growth ETF 1.0 6 63 3.0 +2.6
BOSS Global X Founder-Run Companies ETF 1.0 45 24 2.5 +2.2
EQAL Invesco Russell 1000 Equal Weight ETF 1.0 20 49 5.0 +4.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.0 18 51 5.8 +5.4
IFRA iShares U.S. Infrastructure ETF 1.0 40 29 3.4 +3.0
JHMI John Hancock Multifactor Industrials ETF 0.9 40 29 4.9 +4.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.9 24 45 5.5 +5.1
KESG KraneShares MSCI China ESG Leaders Index ETF 0.9 59 10 9.0 +8.6
SCHM Schwab U.S. Mid-Cap ETF 0.9 4 65 4.7 +4.3
RYJ Invesco Raymond James SB-1 Equity ETF 0.9 76 -7 3.3 +2.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.8 40 29 5.4 +5.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.8 70 -1 0.7 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -14 5.1 +4.7
XITK SPDR FactSet Innovative Technology ETF 0.8 45 24 0.2 -0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 0.8 83 -14 5.4 +5.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -11 8.0 +7.6
VB Vanguard Small-Cap ETF 0.8 5 64 4.3 +4.0
JHSC John Hancock Multifactor Small Cap ETF 0.8 42 27 4.8 +4.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 70 -1 5.8 +5.4
AVEM Avantis Emerging Markets Equity ETF 0.7 33 36 8.5 +8.1
BICK First Trust BICK Index Fund 0.7 64 5 5.7 +5.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.7 12 57 3.6 +3.2
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 39 5.5 +5.1
RESE WisdomTree Emerging Markets ESG Fund 0.7 32 37 7.5 +7.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.7 24 45 6.0 +5.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 31 38 4.1 +3.7
SMMD iShares Russell 2500 ETF 0.7 15 54 4.8 +4.4
IYE iShares U.S. Energy ETF 0.7 42 27 3.9 +3.5
EWY iShares MSCI South Korea ETF 0.7 59 10 6.8 +6.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.7 32 37 6.7 +6.3
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 27 4.6 +4.3
SMDY Syntax Stratified MidCap ETF 0.6 35 34 5.0 +4.6
SIZE iShares MSCI USA Size Factor ETF 0.6 15 54 4.6 +4.3
GXC SPDR S&P China ETF 0.6 59 10 8.2 +7.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 60 3.4 +3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 63 0.5 +0.1
AMER Emles Made in America ETF 0.6 49 20 7.0 +6.6
JEMA JPMorgan Emerging Markets Equity Core ETF 0.6 39 30 6.5 +6.1
EUSA iShares MSCI USA Equal Weighted ETF 0.6 15 54 4.6 +4.3
IWN iShares Russell 2000 Value ETF 0.6 24 45 4.7 +4.3
VTWV Vanguard Russell 2000 Value Index Fund 0.6 15 54 4.8 +4.4
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 65 4.6 +4.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.6 50 19 3.0 +2.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 65 4.6 +4.2
AIIQ AI Powered International Equity ETF 0.6 79 -10 2.5 +2.1
IEUS iShares MSCI Europe Small-Cap ETF 0.6 40 29 4.6 +4.2
JHMT John Hancock Multifactor Technology ETF 0.6 40 29 4.0 +3.6
IWP iShares Russell Mid-Cap Growth ETF 0.6 24 45 2.8 +2.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 11 58 5.2 +4.9
USMF WisdomTree U.S. Multifactor Fund 0.6 28 41 6.7 +6.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 32 5.6 +5.2
JMIN JPMorgan U.S. Minimum Volatility ETF 0.5 12 57 5.3 +5.0
ROAM Hartford Multifactor Emerging Markets ETF 0.5 44 25 10.2 +9.9
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 56 3.2 +2.8
STMB iShares Factors US Mid Blend Style ETF 0.5 30 39 5.4 +5.0
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 47 3.9 +3.5
VXF Vanguard Extended Market Index Fund 0.5 6 63 2.5 +2.2
SCHA Schwab U.S. Small-Cap ETF 0.5 4 65 3.5 +3.1
DFAS Dimensional U.S. Small Cap ETF 0.5 34 35 4.7 +4.3
SCZ iShares MSCI Eafe Small-Cap ETF 0.5 40 29 4.9 +4.6
FAN First Trust Global Wind Energy ETF 0.5 62 7 5.9 +5.5
MCHI iShares MSCI China ETF 0.5 59 10 8.2 +7.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.5 17 52 3.8 +3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 30 3.5 +3.1
IUSS Invesco Strategic US Small Company ETF 0.4 23 46 4.4 +4.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.4 45 24 13.4 +13.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 65 4.1 +3.7
XT iShares Exponential Technologies ETF 0.4 47 22 4.6 +4.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.4 39 30 6.3 +5.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.4 6 63 3.9 +3.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 6 1.8 +1.4
IWR iShares Russell Midcap ETF 0.4 19 50 4.5 +4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 12.9 +12.5
JPIN JPMorgan Diversified Return International Equity ETF 0.4 37 32 7.6 +7.3
FLKR Franklin FTSE South Korea ETF 0.4 9 60 7.4 +7.1
IWM iShares Russell 2000 ETF 0.4 19 50 2.6 +2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 40 7.2 +6.8
VTWO Vanguard Russell 2000 Index Fund 0.4 10 59 2.7 +2.3
FLCH Franklin FTSE China ETF 0.4 19 50 8.8 +8.4
PUI Invesco DWA Utilities Momentum ETF 0.4 60 9 4.9 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 0.4 16 53 6.9 +6.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.4 29 40 6.6 +6.3
VGT Vanguard Information Technology Index Fund 0.4 10 59 3.9 +3.5
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 44 7.0 +6.7
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 61 3.9 +3.6
SPMO Invesco S&P 500 Momentum ETF 0.4 13 56 3.4 +3.0
ISCB iShares Morningstar Small-Cap ETF 0.4 4 65 3.0 +2.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 49 6.2 +5.8
VUSE Vident Core US Equity Fund 0.3 48 21 6.8 +6.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.3 60 9 2.6 +2.3
VBR Vanguard Small Cap Value Index Fund 0.3 7 62 6.0 +5.6
ROUS Hartford Multifactor US Equity ETF 0.3 19 50 5.4 +5.1
GWX SPDR S&P International Small Cap ETF 0.3 40 29 4.8 +4.4
IYW iShares U.S. Technology ETF 0.3 43 26 3.5 +3.1
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 34 7.5 +7.1
ASIA-AU BetaShares Asia Technology Tigers ETF 0.3 67 2 4.3 +3.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.3 20 49 6.5 +6.1
IGM iShares Expanded Tech Sector ETF 0.3 46 23 3.3 +2.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.3 21 48 2.9 +2.6
VWO Vanguard FTSE Emerging Markets ETF 0.3 10 59 7.5 +7.1
RESP WisdomTree US ESG Fund of Benef Interest 0.3 28 41 5.4 +5.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 20 6.8 +6.4
IWS iShares Russell Mid-Cap Value ETF 0.3 24 45 5.5 +5.1
FIDU Fidelity MSCI Industrials Index ETF 0.3 8 61 4.9 +4.5
HAP VanEck Vectors Natural Resources ETF 0.3 50 19 5.1 +4.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.3 25 44 4.8 +4.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 19 50 4.9 +4.6
IEMG iShares Core MSCI Emerging Markets ETF 0.3 11 58 7.2 +6.8
VIDI Vident International Equity Fund 0.3 59 10 9.3 +9.0
SCJ iShares MSCI Japan Small-Cap ETF 0.3 51 18 5.8 +5.5
TPLC Timothy Plan US Large Cap Core ETF 0.3 52 17 4.5 +4.1
BKF iShares MSCI BRIC ETF 0.3 70 -1 7.3 +6.9
VOT Vanguard Mid-Cap Growth Index Fund 0.3 7 62 2.7 +2.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 0.3 29 40 5.3 +4.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 11 6.9 +6.5
RODE Hartford Multifactor Diversified International ETF 0.3 29 40 9.6 +9.2
AFK VanEck Vectors Africa Index ETF 0.3 79 -10 6.8 +6.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 37 6.0 +5.7
CN Xtrackers MSCI All China Equity ETF 0.3 50 19 8.2 +7.9
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 53 7.0 +6.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -1 6.3 +5.9
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 61 5.5 +5.1
VPU Vanguard Utilities Index Fund 0.3 10 59 5.5 +5.1
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.3 35 34 12.0 +11.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 21 10.6 +10.2
BFOR Barron's 400 ETF 0.3 70 -1 5.8 +5.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 37 8.4 +8.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 24 7.7 +7.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 7.4 +7.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.3 45 24 5.8 +5.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 40 5.0 +4.6
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 0.2 43 26 5.1 +4.7
IUSG iShares Core S&P US Growth ETF 0.2 4 65 3.8 +3.5
VIS Vanguard Industrials Index Fund 0.2 10 59 4.5 +4.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 39 5.1 +4.7
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 49 5.1 +4.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 30 3.8 +3.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.2 34 35 3.7 +3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 3 6.7 +6.3
EEM iShares MSCI Emerging Markets ETF 0.2 70 -1 6.7 +6.3
XLK Technology Select Sector SPDR Fund 0.2 12 57 4.2 +3.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 50 19 7.0 +6.6
EMLP First Trust North American Energy Infrastructure Fund 0.2 96 -27 4.6 +4.2
VEGN US Vegan Climate ETF 0.2 60 9 3.7 +3.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 60 5.1 +4.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 35 7.3 +7.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 57 4.4 +4.0
ILCG iShares Morningstar Growth ETF 0.2 4 65 3.0 +2.6
SPEM SPDR Portfolio Emerging Markets ETF 0.2 11 58 7.2 +6.9
RNMC Mid Cap US Equity Select ETF 0.2 60 9 6.0 +5.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 9 4.9 +4.6
CEZ VictoryShares Emerging Market Volatility Wtd ETF 0.2 50 19 0.0 -0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 39 7.2 +6.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.2 30 39 6.2 +5.9
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 4 6.0 +5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 58 11 5.0 +4.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.2 30 39 5.3 +4.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 60 4.7 +4.3
IWO iShares Russell 2000 Growth ETF 0.2 24 45 0.1 -0.3
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 8.0 +7.7
VTWG Vanguard Russell 2000 Growth Index Fund 0.2 15 54 0.2 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 65 3.2 +2.8
ESGV Vanguard ESG U.S. Stock ETF 0.2 12 57 4.5 +4.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 6.9 +6.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 30 6.3 +5.9
IXN iShares Global Tech ETF 0.2 46 23 3.9 +3.6
ACWF iShares MSCI Global Multifactor ETF 0.2 35 34 7.3 +7.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 49 4.2 +3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 7.3 +6.9
FSMD Fidelity Small-Mid Factor ETF 0.2 29 40 5.9 +5.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 8.1 +7.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.2 29 40 6.0 +5.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 10 5.2 +4.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 58 7.3 +6.9
IETC iShares Evolved U.S. Technology ETF 0.2 18 51 3.5 +3.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 34 5.2 +4.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.2 35 34 5.2 +4.8
VSGX Vanguard ESG International Stock ETF 0.2 17 52 6.2 +5.9
AVUS Avantis U.S. Equity ETF 0.2 15 54 5.0 +4.6
VO Vanguard Mid-Cap Index Fund 0.2 4 65 4.3 +4.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 63 6.2 +5.8
DFAU Dimensional US Core Equity Market ETF 0.2 12 57 4.7 +4.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 58 7.6 +7.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 50 19 12.9 +12.5
SHE SPDR SSGA Gender Diversity Index ETF 0.1 20 49 3.9 +3.5
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.1 45 24 10.1 +9.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 66 4.3 +3.9
SCHB Schwab U.S. Broad Market ETF 0.1 3 66 4.4 +4.0
VT Vanguard Total World Stock ETF 0.1 8 61 5.3 +4.9
SCHK Schwab 1000 Index ETF 0.1 5 64 4.5 +4.1
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 9 6.0 +5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 9.7 +9.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 58 4.9 +4.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.1 20 49 7.1 +6.7
GRES IQ Global Resources ETF 0.1 78 -9 6.2 +5.9
QINT American Century Quality Diversified International ETF 0.1 39 30 6.7 +6.3
VXUS Vanguard Total International Stock ETF 0.1 8 61 6.6 +6.3
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 66 4.5 +4.1
IXUS ishares Core MSCI Total International Stock ETF 0.1 9 60 6.5 +6.1
SPTM SPDR Portfolio Total Stock Market ETF 0.1 3 66 4.7 +4.4
VTHR Vanguard Russell 3000 Index Fund 0.1 10 59 4.4 +4.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 60 4.9 +4.5
JHML John Hancock Multifactor Large Cap ETF 0.1 29 40 4.7 +4.3
IWV iShares Russell 3000 ETF 0.1 20 49 4.3 +3.9
VOOG Vanguard S&P 500 Growth ETF 0.1 10 59 3.8 +3.4
VTI Vanguard Total Stock Market Index Fund 0.1 3 66 4.3 +3.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.1 16 53 7.7 +7.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 65 3.8 +3.5
IVW iShares S&P 500 Growth ETF 0.1 18 51 3.7 +3.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 49 20 3.6 +3.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 70 -1 6.6 +6.3
IYY iShares Dow Jones U.S. ETF 0.1 20 49 4.4 +4.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.1 16 53 5.9 +5.5
PBUS Invesco PureBeta MSCI USA ETF 0.1 4 65 4.5 +4.2
DFUS Dimensional U.S. Equity ETF 0.1 11 58 4.5 +4.1
VONG Vanguard Russell 1000 Growth Index Fund 0.1 8 61 3.7 +3.3
SCHX Schwab U.S. Large-Cap ETF 0.1 3 66 4.5 +4.1
VONE Vanguard Russell 1000 ETF 0.1 8 61 4.5 +4.1
IWB iShares Russell 1000 ETF 0.1 15 54 4.4 +4.1
IWF iShares Russell 1000 Growth ETF 0.1 19 50 3.6 +3.2
IWD iShares Russell 1000 Value ETF 0.1 19 50 5.8 +5.4
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 5.0 +4.6
VONV Vanguard Russell 1000 Value Index Fund 0.1 8 61 5.9 +5.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.1 60 9 3.8 +3.4
DXGE WisdomTree Germany Hedged Equity Fund 0.1 48 21 7.5 +7.2
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 63 5.3 +5.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 47 22 5.5 +5.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 6.5 +6.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.1 25 44 4.7 +4.4
ACWI iShares MSCI ACWI ETF 0.1 32 37 5.0 +4.7
IDEV iShares Core MSCI International Developed Markets ETF 0.1 5 64 6.2 +5.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 65 6.2 +5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 49 5.2 +4.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 49 5.2 +4.8
IWC iShares Micro-Cap ETF 0.1 60 9 -2.3 -2.7
FNCL Fidelity MSCI Financials Index ETF 0.1 8 61 7.0 +6.6
FDT First Trust Developed Markets ex-US Alphadex Fund 0.1 80 -11 8.0 +7.7
VFH Vanguard Financials Index Fund 0.1 10 59 7.0 +6.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 57 4.9 +4.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 61 6.7 +6.4
IYJ iShares U.S. Industrials ETF 0.1 42 27 4.8 +4.4
IQSU IQ Candriam ESG US Equity ETF 0.1 9 60 4.4 +4.1
IEFA iShares Core MSCI EAFE ETF 0.1 7 62 6.3 +5.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 60 4.9 +4.5
TOK iShares MSCI Kokusai ETF 0.1 25 44 4.7 +4.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 37 6.4 +6.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 27 42 4.2 +3.9
URTH iShares MSCI World ETF 0.1 24 45 4.8 +4.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 27 42 4.2 +3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 45 24 6.5 +6.1
IEUR iShares Core MSCI Europe ETF 0.1 9 60 6.3 +5.9
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 44 4.2 +3.9
DIM WisdomTree International MidCap Dividend Fund 0.1 58 11 6.7 +6.4
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 61 5.9 +5.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 11 7.8 +7.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 61 4.6 +4.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 27 42 4.5 +4.1
PBP Invesco S&P 500 BuyWrite ETF 0.1 49 20 4.3 +3.9
VPL Vanguard FTSE Pacific ETF 0.1 8 61 6.5 +6.2
VEA Vanguard FTSE Developed Markets ETF 0.1 5 64 6.4 +6.1
SPEU SPDR Portfolio Europe ETF 0.1 9 60 6.3 +5.9
IVV iShares Core S&P 500 ETF 0.1 3 66 4.7 +4.3
VOO VANGUARD S&P 500 ETF 0.1 3 66 4.7 +4.3
SPY SPDR S&P 500 ETF Trust 0.1 9 60 4.6 +4.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 49 4.6 +4.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.1 23 46 7.1 +6.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.1 7 62 6.5 +6.1
FLFR Franklin FTSE France ETF 0.1 9 60 5.4 +5.0
SPLG SPDR Portfolio Large Cap ETF 0.1 3 66 4.7 +4.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 52 6.1 +5.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.3 +5.9
VGK Vanguard FTSE Europe ETF 0.1 8 61 6.4 +6.0
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 59 4.5 +4.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 62 4.5 +4.1
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 60 6.8 +6.5
SCHF Schwab International Equity ETF 0.1 6 63 6.5 +6.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.3 +5.9
AFLG First Trust Active Factor Large Cap ETF 0.1 55 14 5.0 +4.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 40 4.3 +3.9
XYLG Global X S&P 500 Covered Call & Growth ETF 0.1 60 9 4.2 +3.8
AVDE Avantis International Equity ETF 0.1 23 46 6.7 +6.3
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.1 48 21 7.8 +7.5
FLJP Franklin FTSE Japan ETF 0.1 9 60 6.7 +6.3
VIGI Vanguard International Dividend Appreciation ETF 0.1 20 49 4.9 +4.5
VUG Vanguard Growth Index Fund 0.0 4 65 3.5 +3.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 6.2 +5.8
VFVA Vanguard U.S. Value Factor ETF 0.0 14 55 8.3 +7.9
TUSA First Trust Total US Market AlphaDEX ETF 0.0 70 -1 5.7 +5.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.0 24 45 6.8 +6.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 54 4.6 +4.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 49 20 8.4 +8.0
RNDM First Trust Developed International Equity Select ETF 0.0 65 4 5.5 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 39 7.8 +7.4
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.0 35 34 6.4 +6.1
IGRO iShares International Dividend Growth ETF 0.0 15 54 6.8 +6.5
EURZ Xtrackers Eurozone Equity ETF 0.0 9 60 5.9 +5.5
STLC iShares Factors US Blend Style ETF 0.0 25 44 5.3 +4.9
FLEE Franklin FTSE Europe ETF 0.0 9 60 6.3 +5.9
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 65 5.9 +5.5
ILCV iShares Morningstar Value ETF 0.0 4 65 6.1 +5.8
FLEH Franklin FTSE Europe Hedged ETF 0.0 9 60 6.3 +6.0
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -20 4.6 +4.2
VV Vanguard Large-Cap Index Fund 0.0 4 65 4.5 +4.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 34 35 6.1 +5.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 30 39 5.5 +5.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 49 4.5 +4.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 20 4.3 +3.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 50 5.3 +4.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 49 5.9 +5.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 44 5.6 +5.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 30 6.8 +6.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 51 6.1 +5.7
STSB iShares Factors US Small Blend Style ETF 0.0 35 34 3.5 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 5.7 +5.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 44 7.8 +7.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 7.2 +6.9
IQSI IQ Candriam ESG International Equity ETF 0.0 15 54 6.3 +6.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 6.2 +5.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.7 +6.3
STLG iShares Factors US Growth Style ETF 0.0 25 44 4.5 +4.2
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 54 5.0 +4.6
GSPY Gotham Enhanced 500 ETF 0.0 50 19 4.6 +4.3
HLGE Hartford Longevity Economy ETF 0.0 44 25 5.9 +5.6
AVDV Avantis International Small Cap Value ETF 0.0 36 33 6.4 +6.1
RWL Invesco S&P 500 Revenue ETF 0.0 39 30 5.8 +5.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.0 35 34 6.1 +5.7
PIE Invesco DWA Emerging Markets Momentum ETF 0.0 90 -21 4.4 +4.0

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco Solar ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.2 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 0.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.46
 
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.