Tortoise North American Pipeline Fund
ALTAR
Score™		 4.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 17.7x P/Sales
ratio		 1.3x
P/BV
ratio		 2.6x Div.
yield		 4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Tortoise North American Pipeline ETF tracks an index of listed equities related to North American pipeline entities organized as MLP affiliates, MLPs, LLCs and corporations.

FUND BASICS
Category Global Equities
Fund Sponsor Montage Managers
Website etp.tortoiseindexsolutions.com
Inception date Jun 29, 2015
Assets (mns) $630
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $34,438
Large cap (>$10bn) 74.3%
Mid cap ($2-10bn) 22.7%
Small cap (<$2bn) 2.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WILLIAMS COS INC 8.2 %
KINDER MORGAN INC 7.6 %
ONEOK INC 7.5 %
TRANSCANADA CORP 7.3 %
ENBRIDGE INC 7.2 %
CHENIERE ENERGY INC 6.5 %
TARGA RESOURCES CORP 4.2 %
PEMBINA PIPELINE CORP 4.0 %
ATMOS ENERGY CORP 3.9 %
NISOURCE INC 3.9 %
Total 60.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 74.8 %
CANADA 25.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.1% 36.0% 11.9% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 54%
MSCI EAFE 0.70 49%
MSCI Emg. Mkts. 0.51 25%

Technical Indicators
Recent close $32.71
30d moving avg. $31.05
Annualized volatility 17.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 56
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,640

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 579 potential alternatives to the Tortoise North American Pipeline Fund ETF based on the alternatives' overlap in portfolio holdings with TPYP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TPYP Expense: 40 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TPYP
Ticker Fund
Name		 Overlap1
vs TPYP
(%)		 Expense
ratio
(bp)		 Savings
vs TPYP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs TPYP
(%)
USAI Pacer American Energy Independence ETF 65.6 75 -35 3.3 -1.3
EINC VanEck Energy Income ETF 63.7 48 -8 4.0 -0.6
MLPX Global X MLP & Energy Infrastructure ETF 63.2 45 -5 4.1 -0.6
ENFR Alerian Energy Infrastructure ETF 58.8 35 5 4.1 -0.6
UMI USCF Midstream Energy Income Fund ETF 58.4 85 -45 4.1 -0.5
EMLP First Trust North American Energy Infrastructure Fund 42.6 95 -55 4.8 +0.2
EIPI FT Energy Income Partners Enhanced Income ETF 40.9 110 -70 5.4 +0.8
NDIV Amplify Natural Resources Dividend Income ETF 37.2 59 -19 9.1 +4.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 33.4 46 -6 5.0 +0.4
EIPX FT Energy Income Partners Strategy ETF 30.3 95 -55 6.8 +2.1
AMZA InfraCap MLP ETF 22.3 164 -124 4.8 +0.1
IVRA Invesco Real Assets ESG ETF 21.7 59 -19 5.5 +0.8
ECLN First Trust EIP Carbon Impact ETF 19.5 96 -56 4.4 -0.3
RSPG Invesco S&P 500 Equal Weight Energy ETF 18.7 40 0 8.7 +4.0
FTXN First Trust Nasdaq Oil & Gas ETF 18.3 60 -20 8.8 +4.1
IGF iShares Global Infrastructure ETF 17.8 41 -1 4.4 -0.3
AMLP Alerian MLP ETF 17.8 85 -45 5.2 +0.5
MLPA Global X MLP ETF 17.8 45 -5 5.3 +0.7
GII SPDR S&P Global Infrastructure ETF 17.7 40 0 4.4 -0.3
XLE Energy Select Sector SPDR Fund 14.9 9 31 7.6 +3.0
IYE iShares U.S. Energy ETF 14.9 40 0 7.1 +2.4
PXI Invesco Dorsey Wright Energy Momentum ETF 14.8 60 -20 6.2 +1.5
PUI Invesco Dorsey Wright Utilities Momentum ETF 14.2 60 -20 5.6 +0.9
VDE Vanguard Energy ETF 14.1 10 30 7.1 +2.4
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 13.7 69 -29 8.5 +3.8
FENY Fidelity MSCI Energy Index ETF 12.2 8 32 7.2 +2.5
IGE iShares North American Natural Resources ETF 11.8 41 -1 6.7 +2.1
IXC iShares Global Energy ETF 11.8 44 -4 9.3 +4.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 10.9 38 2 5.9 +1.2
IFRA iShares U.S. Infrastructure ETF 10.8 30 10 6.2 +1.5
LNGG Roundhill Alerian LNG ETF 10.6 65 -25 9.4 +4.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 10.2 60 -20 5.7 +1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 9.4 35 5 5.5 +0.8
DIVY Sound Equity Dividend Income ETF 9.0 45 -5 10.3 +5.7
NVIR Horizon Kinetics Energy and Remediation ETF 8.9 85 -45 1.9 -2.8
ICAP InfraCap Equity Income Fund ETF 8.7 171 -131 6.1 +1.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 8.6 55 -15 3.1 -1.6
FXN First Trust Energy AlphaDEX Fund 8.2 62 -22 6.3 +1.7
PID Invesco International Dividend Achievers ETF 8.0 53 -13 7.0 +2.3
TPHD Timothy Plan High Dividend Stock ETF 7.9 52 -12 6.0 +1.3
TPHE Timothy Plan High Dividend Stock Enhanced ETF 7.9 54 -14 6.0 +1.3
XMLV Invesco S&P MidCap Low Volatility ETF 7.9 25 15 6.7 +2.1
FXU First Trust Utilities AlphaDEX Fund 7.8 64 -24 5.2 +0.6
IQRA IQ CBRE Real Assets ETF 7.8 65 -25 5.1 +0.5
DIVZ TrueShares Low Volatility Equity Income ETF 7.7 65 -25 7.3 +2.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 7.5 40 0 6.3 +1.7
VRAI Virtus Real Asset Income ETF 7.4 55 -15 7.8 +3.2
RBLD First Trust Alerian US NextGen Infrastructure ETF 7.4 65 -25 4.8 +0.1
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.3 60 -20 6.3 +1.6
DIV Global X SuperDividend US ETF 7.2 45 -5 8.1 +3.5
UTES Virtus Reaves Utilities ETF 7.0 49 -9 4.2 -0.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.0 30 10 8.2 +3.5
SDOG ALPS Sector Dividend Dogs ETF 6.5 36 4 9.2 +4.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.5 47 -7 5.4 +0.8
FLDZ RiverNorth Patriot ETF 6.5 75 -35 5.5 +0.9
RSPU Invesco S&P 500 Equal Weight Utilities ETF 6.4 40 0 5.4 +0.7
NUMV Nuveen ESG Mid-Cap Value ETF 6.4 31 9 6.7 +2.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 6.4 70 -30 4.5 -0.2
RNEW VanEck Green Infrastructure ETF 6.2 45 -5 -1.5 -6.2
WBIY WBI Power Factor High Dividend ETF 6.2 100 -60 10.3 +5.7
EWC iShares MSCI Canada ETF 6.1 50 -10 6.7 +2.0
YLDE ClearBridge Dividend Strategy ESG ETF 6.0 60 -20 5.0 +0.3
PWV Invesco Large Cap Value ETF 5.9 55 -15 6.9 +2.3
BBCA JPMorgan BetaBuilders Canada ETF 5.8 19 21 6.7 +2.1
FLV American Century Focused Large Cap Value ETF 5.8 42 -2 6.4 +1.7
TXS Texas Capital Texas Equity Index ETF 5.7 49 -9 5.1 +0.4
FLCA Franklin FTSE Canada ETF 5.6 9 31 7.0 +2.3
DWX SPDR S&P International Dividend ETF 5.6 45 -5 6.5 +1.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 5.5 49 -9 4.7 +0.1
CVY Invesco Zacks Multi-Asset Income ETF 5.5 106 -66 10.2 +5.5
HDV iShares Core High Dividend ETF 5.4 8 32 7.2 +2.5
BGIG Bahl & Gaynor Income Growth ETF 5.4 45 -5 4.8 +0.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.3 80 -40 5.9 +1.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 5.3 25 15 5.2 +0.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 5.1 35 5 7.7 +3.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 5.1 38 2 7.7 +3.0
FUTY Fidelity MSCI Utilities Index ETF 5.0 8 32 5.3 +0.6
ABEQ Absolute Select Value ETF 4.9 85 -45 4.3 -0.4
FVD First Trust Value Line Dividend Index Fund 4.9 65 -25 6.2 +1.5
VCLN Virtus Duff & Phelps Clean Energy ETF 4.7 59 -19 3.7 -0.9
DIVG Invesco S&P 500 High Dividend Growers ETF 4.7 39 1 7.1 +2.4
VPU Vanguard Utilities ETF 4.7 10 30 5.3 +0.6
MAGA Point Bridge America First ETF 4.6 72 -32 5.7 +1.1
IMCV iShares Morningstar Mid-Cap Value ETF 4.6 6 34 7.6 +3.0
WDIV SPDR S&P Global Dividend ETF 4.5 40 0 9.4 +4.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.5 60 -20 6.9 +2.2
MBOX Freedom Day Dividend ETF 4.5 39 1 7.4 +2.8
ALTL Pacer Lunt Large Cap Alternator ETF 4.4 60 -20 4.9 +0.2
SPLV Invesco S&P 500 Low Volatility ETF 4.4 25 15 5.2 +0.5
SMDV ProShares Russell 2000 Dividend Growers ETF 4.4 40 0 6.8 +2.2
DHS WisdomTree U.S. High Dividend Fund 4.2 38 2 7.8 +3.1
SPYD SPDR Portfolio S&P 500 High Dividend ETF 4.1 7 33 8.8 +4.1
SPDV AAM S&P 500 High Dividend Value ETF 4.1 29 11 9.7 +5.1
DVY iShares Select Dividend ETF 4.0 38 2 8.2 +3.5
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 4.0 56 -16 5.9 +1.2
FCPI Fidelity Stocks for Inflation ETF 4.0 15 25 8.2 +3.5
FDL First Trust Morningstar Dividend Leaders Index Fund 4.0 45 -5 9.0 +4.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 3.9 27 13 6.9 +2.3
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.8 29 11 6.9 +2.2
FID First Trust S&P International Dividend Aristocrats ETF 3.8 60 -20 8.9 +4.3
GCOW Pacer Global Cash Cows Dividend ETF 3.7 60 -20 13.3 +8.6
TMDV ProShares Russell US Dividend Growers ETF 3.7 35 5 5.9 +1.2
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.7 20 20 4.1 -0.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 3.6 52 -12 5.2 +0.5
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 3.6 58 -18 5.1 +0.4
QUVU Hartford Quality Value ETF 3.6 46 -6 6.6 +1.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 3.6 60 -20 4.1 -0.6
VOE Vanguard Mid-Cap Value ETF 3.5 7 33 6.9 +2.3
DURA VanEck Durable High Dividend ETF 3.4 29 11 7.3 +2.7
JHDV John Hancock U.S. High Dividend ETF 3.4 34 6 6.1 +1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 3.4 24 16 7.5 +2.8
MDLV Morgan Dempsey Large Cap Value ETF 3.3 58 -18 7.7 +3.0
KRUZ Unusual Whales Subversive Republican Trading ETF 3.2 75 -35 5.5 +0.9
FTA First Trust Large Cap Value AlphaDEX Fund 3.1 59 -19 8.1 +3.5
SIXL ETC 6 Meridian Low Beta Equity ETF 3.1 80 -40 4.3 -0.3
CBSE Clough Select Equity ETF 3.1 85 -45 1.4 -3.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 3.0 52 -12 5.6 +0.9
XLU Utilities Select Sector SPDR Fund 3.0 9 31 5.2 +0.6
PDP Invesco Dorsey Wright Momentum ETF 3.0 62 -22 4.1 -0.6
IDU iShares U.S. Utilities ETF 3.0 40 0 4.8 +0.1
AUSF Global X Adaptive U.S. Factor ETF 3.0 27 13 8.5 +3.9
JPEF JPMorgan Equity Focus ETF 2.9 50 -10 4.0 -0.7
FDVV Fidelity High Dividend ETF 2.9 15 25 8.7 +4.1
FMDE Fidelity Enhanced Mid Cap ETF 2.9 23 17 6.2 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 2.8 38 2 8.0 +3.3
CID VictoryShares International High Div Volatility Wtd ETF 2.8 45 -5 9.2 +4.5
SUSA iShares MSCI USA ESG Select ETF 2.8 25 15 5.1 +0.5
SHRY First Trust Bloomberg Shareholder Yield ETF 2.7 60 -20 6.8 +2.1
IWS iShares Russell Mid-Cap Value ETF 2.7 23 17 6.4 +1.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -45 4.0 -0.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.7 39 1 8.8 +4.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.7 18 22 7.2 +2.5
BIBL Inspire 100 ETF 2.7 35 5 5.1 +0.4
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.6 15 25 6.7 +2.0
FCG First Trust Natural Gas ETF 2.6 60 -20 13.3 +8.7
SPVM Invesco S&P 500 Value with Momentum ETF 2.6 39 1 8.1 +3.4
IMCB iShares Morningstar Mid-Cap ETF 2.6 4 36 5.9 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 67 -27 9.1 +4.5
IWR iShares Russell Midcap ETF 2.5 19 21 5.6 +0.9
FNK First Trust Mid Cap Value AlphaDEX Fund 2.5 70 -30 10.4 +5.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.5 30 10 10.4 +5.7
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 2.5 12 28 5.2 +0.6
DES WisdomTree U.S. SmallCap Dividend Fund 2.5 38 2 7.1 +2.4
RPG Invesco S&P 500 Pure Growth ETF 2.5 35 5 3.7 -1.0
LVHI Franklin International Low Volatility High Dividend Index ET 2.5 40 0 10.1 +5.4
NULC Nuveen ESG Large-Cap ETF 2.4 21 19 5.3 +0.6
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.4 75 -35 4.5 -0.2
TPSC Timothy Plan US Small Cap Core ETF 2.4 52 -12 6.9 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 2.3 20 20 6.5 +1.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 2.3 35 5 6.5 +1.8
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 2.3 42 -2 6.4 +1.8
FIDI Fidelity International High Dividend ETF 2.3 18 22 11.0 +6.3
INCE Franklin Income Equity Focus ETF 2.3 29 11 5.5 +0.9
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.3 40 0 6.3 +1.7
HAP VanEck Natural Resources ETF 2.3 50 -10 9.8 +5.2
ECML Euclidean Fundamental Value ETF 2.2 95 -55 13.2 +8.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.2 65 -25 2.9 -1.7
FEX First Trust Large Cap Core AlphaDEX Fund 2.2 59 -19 5.7 +1.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 2.2 17 23 4.9 +0.2
SDY SPDR S&P Dividend ETF 2.2 35 5 5.8 +1.1
DEW WisdomTree Global High Dividend Fund 2.2 58 -18 8.6 +3.9
BFOR ALPS Barron's 400 ETF 2.2 65 -25 5.9 +1.2
SCHD Schwab US Dividend Equity ETF 2.2 6 34 9.3 +4.6
EVUS iShares ESG Aware MSCI USA Value ETF 2.2 18 22 6.4 +1.7
DSTL Distillate US Fundamental Stability & Value ETF 2.2 39 1 7.4 +2.7
FPX First Trust US Equity Opportunities ETF 2.1 61 -21 1.6 -3.1
VWID Virtus WMC International Dividend ETF 2.1 49 -9 9.5 +4.8
VO Vanguard Mid-Cap ETF 2.1 4 36 5.5 +0.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.1 39 1 4.5 -0.2
FLRG Fidelity U.S. Multifactor ETF 2.1 15 25 7.3 +2.6
JXI iShares Global Utilities ETF 2.1 43 -3 5.8 +1.1
GVIP Goldman Sachs Hedge Industry VIP ETF 2.1 45 -5 4.8 +0.2
FTWO Strive FAANG 2.0 ETF 2.0 49 -9 4.5 -0.2
IWP iShares Russell Mid-Cap Growth ETF 2.0 23 17 3.4 -1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 11 6.7 +2.0
CFA VictoryShares US 500 Volatility Wtd ETF 2.0 35 5 5.7 +1.0
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 2.0 40 0 5.6 +1.0
VBR Vanguard Small Cap Value ETF 2.0 7 33 7.7 +3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 2.0 18 22 7.3 +2.6
FPAG FPA Global Equity ETF 2.0 49 -9 5.5 +0.8
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 1.9 15 25 6.4 +1.8
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF 1.9 39 1 4.2 -0.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.9 15 25 7.3 +2.6
XMMO Invesco S&P MidCap Momentum ETF 1.9 34 6 5.7 +1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 1.9 15 25 7.3 +2.6
PXE Invesco Energy Exploration & Production ETF 1.9 60 -20 13.5 +8.9
JHSC John Hancock Multifactor Small Cap ETF 1.9 42 -2 6.8 +2.1
SSPY Syntax Stratified LargeCap ETF 1.8 30 10 6.3 +1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 1.8 4 36 4.9 +0.3
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.8 60 -20 7.6 +3.0
NULV Nuveen ESG Large-Cap Value ETF 1.8 26 14 6.7 +2.0
PEY Invesco High Yield Equity Dividend Achievers ETF 1.8 52 -12 10.2 +5.6
AVLV Avantis U.S. Large Cap Value ETF 1.8 15 25 7.3 +2.6
VTWV Vanguard Russell 2000 Value ETF 1.7 15 25 5.1 +0.4
IWN iShares Russell 2000 Value ETF 1.7 24 16 5.0 +0.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.7 18 22 5.6 +1.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 5 6.9 +2.2
INEQ Columbia International Equity Income ETF 1.7 45 -5 6.5 +1.8
FNX First Trust Mid Cap Core AlphaDEX Fund 1.7 60 -20 7.1 +2.4
GDIV Harbor Dividend Growth Leaders ETF 1.7 50 -10 5.7 +1.0
ONEY SPDR Russell 1000 Yield Focus ETF 1.7 20 20 9.4 +4.7
XMVM Invesco S&P MidCap Value with Momentum ETF 1.7 39 1 10.4 +5.8
NTZG Nuveen Global Net Zero Transition ETF 1.7 56 -16 4.8 +0.2
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 34 7.5 +2.8
SMDY Syntax Stratified MidCap ETF 1.6 35 5 5.7 +1.1
PXJ Invesco Oil & Gas Services ETF 1.6 63 -23 1.6 -3.1
JHMM John Hancock Multifactor Mid Cap ETF 1.6 42 -2 6.2 +1.5
NUSC Nuveen ESG Small-Cap ETF 1.6 31 9 5.1 +0.5
CSD Invesco S&P Spin-Off ETF 1.6 65 -25 8.7 +4.1
VYM Vanguard High Dividend Yield Index ETF 1.6 6 34 6.8 +2.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 5 5.7 +1.0
STXK Strive Small-Cap ETF 1.6 18 22 5.1 +0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 25 6.9 +2.2
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 11 4.9 +0.2
PTL Inspire 500 ETF 1.5 9 31 5.7 +1.0
SPGP Invesco S&P 500 GARP ETF 1.5 34 6 8.2 +3.6
JHID John Hancock International High Dividend ETF 1.5 46 -6 11.3 +6.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.5 25 15 7.4 +2.8
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.5 60 -20 8.6 +3.9
VB Vanguard Small-Cap ETF 1.5 5 35 5.0 +0.4
NUDV Nuveen ESG Dividend ETF 1.5 26 14 7.0 +2.3
AMID Argent Mid Cap ETF Argent Mid Cap ETF 1.5 52 -12 7.1 +2.5
ACTV LeaderShares Activist Leaders ETF 1.5 75 -35 6.4 +1.7
PKB Invesco Building & Construction ETF 1.5 62 -22 6.2 +1.6
QLV FlexShares US Quality Low Volatility Index Fund 1.5 22 18 3.7 -0.9
DFAS Dimensional U.S. Small Cap ETF 1.4 26 14 5.7 +1.0
IMTM iShares MSCI Intl Momentum Factor ETF 1.4 30 10 7.4 +2.7
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -32 6.2 +1.5
SPMO Invesco S&P 500 Momentum ETF 1.4 13 27 3.9 -0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.4 9 31 5.8 +1.2
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 1.4 29 11 0.0 -4.7
ESGU iShares ESG Aware MSCI USA ETF 1.4 15 25 5.0 +0.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 1.4 35 5 6.3 +1.7
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.4 30 10 8.0 +3.3
STXV Strive 1000 Value ETF 1.4 18 22 7.6 +3.0
GRPM Invesco S&P MidCap 400 GARP ETF 1.4 35 5 9.4 +4.8
FTC First Trust Large Cap Growth AlphaDEX Fund 1.4 59 -19 2.7 -1.9
XSLV Invesco S&P SmallCap Low Volatility ETF 1.4 25 15 6.9 +2.3
SIZE iShares MSCI USA Size Factor ETF 1.4 15 25 5.7 +1.0
SMOT VanEck Morningstar SMID Moat ETF 1.4 49 -9 5.9 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 1.3 25 15 6.0 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 1.3 12 28 4.5 -0.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.3 15 25 6.8 +2.2
IEZ iShares U.S. Oil Equipment & Services ETF 1.3 40 0 2.3 -2.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 1.3 35 5 -0.2 -4.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.3 20 20 7.6 +2.9
SMLF iShares U.S. SmallCap Equity Factor ETF 1.3 15 25 5.0 +0.3
MOTE VanEck Morningstar ESG Moat ETF 1.3 49 -9 5.1 +0.4
AVUS Avantis U.S. Equity ETF 1.3 15 25 5.7 +1.0
ACSI American Customer Satisfaction ETF 1.3 65 -25 4.4 -0.2
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 1.3 48 -8 5.3 +0.7
RSP Invesco S&P 500 Equal Weight ETF 1.3 20 20 6.1 +1.5
IJH iShares Core S&P Mid-Cap ETF 1.3 5 35 6.6 +1.9
MDY SPDR S&P Midcap 400 ETF Trust 1.3 24 16 6.4 +1.7
EUSA iShares MSCI USA Equal Weighted ETF 1.3 9 31 5.8 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 20 5.3 +0.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.2 12 28 7.7 +3.0
IVOO Vanguard S&P Mid-Cap 400 ETF 1.2 10 30 6.5 +1.8
DTD WisdomTree U.S. Total Dividend Fund 1.2 28 12 6.0 +1.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.2 3 37 6.6 +2.0
VXF Vanguard Extended Market ETF 1.2 6 34 3.8 -0.9
ISMD Inspire Small/Mid Cap ETF 1.2 54 -14 5.5 +0.8
DEUS Xtrackers Russell US Multifactor ETF 1.2 17 23 6.9 +2.3
MTUM iShares MSCI USA Momentum Factor ETF 1.2 15 25 4.0 -0.7
XJH iShares ESG Screened S&P Mid-Cap ETF 1.2 12 28 6.6 +1.9
SURE AdvisorShares Insiders Advantage ETF 1.2 90 -50 9.4 +4.7
DUHP Dimensional US High Profitability ETF 1.2 21 19 6.5 +1.8
RNSC Furst Trust Small Cap US Equity Select ETF 1.2 60 -20 7.1 +2.4
XSMO Invesco S&P SmallCap Momentum ETF 1.1 39 1 7.2 +2.5
VFMV Vanguard U.S. Minimum Volatility ETF 1.1 13 27 5.0 +0.3
RFV Invesco S&P Midcap 400 Pure Value ETF 1.1 35 5 8.3 +3.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.1 60 -20 1.7 -3.0
VLU SPDR S&P 1500 Value Tilt ETF 1.1 12 28 6.8 +2.2
PRF Invesco FTSE RAFI US 1000 ETF 1.1 39 1 6.9 +2.2
CVAR Cultivar ETF 1.1 87 -47 6.6 +1.9
OSCV Opus Small Cap Value ETF 1.1 79 -39 6.2 +1.5
FNDA Schwab Fundamental US Small Co. Index ETF 1.1 25 15 6.2 +1.6
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 1.1 50 -10 7.5 +2.8
FDIV MarketDesk Focused U.S. Dividend ETF 1.0 35 5 5.1 +0.4
EZM WisdomTree U.S. MidCap Fund 1.0 38 2 7.6 +3.0
GVLU Gotham 1000 Value ETF 1.0 50 -10 7.4 +2.8
RVRB Reverb ETF 1.0 30 10 4.7 0.0
DFVX Dimensional US Large Cap Vector ETF 1.0 22 18 6.1 +1.5
SCHA Schwab U.S. Small-Cap ETF 1.0 4 36 4.6 -0.1
BLES Inspire Global Hope ETF 1.0 61 -21 6.4 +1.7
RSSL Global X Russell 2000 ETF 1.0 8 32 2.7 -2.0
FQAL Fidelity Quality Factor ETF 1.0 15 25 5.7 +1.1
IWM iShares Russell 2000 ETF 1.0 19 21 2.9 -1.8
VTWO Vanguard Russell 2000 ETF 1.0 10 30 3.0 -1.6
AVUV Avantis U.S. Small Cap Value ETF 1.0 25 15 9.3 +4.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.0 64 -24 2.1 -2.5
KRMA Global X Conscious Companies ETF 1.0 43 -3 5.7 +1.0
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.0 75 -35 6.9 +2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 1.0 28 12 5.7 +1.1
ISCB iShares Morningstar Small-Cap ETF 1.0 4 36 4.9 +0.3
ILCV iShares Morningstar Value ETF 1.0 4 36 6.2 +1.5
VTV Vanguard Value ETF 1.0 4 36 6.5 +1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 33 5.5 +0.9
VONV Vanguard Russell 1000 Value ETF 1.0 8 32 6.3 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 1.0 20 20 6.9 +2.3
FSST Fidelity Sustainable U.S. Equity ETF 1.0 59 -19 2.5 -2.2
UIVM VictoryShares International Value Momentum ETF 1.0 35 5 11.1 +6.5
IWD iShares Russell 1000 Value ETF 0.9 19 21 6.2 +1.5
SFYX SoFi Next 500 ETF 0.9 0 40 4.9 +0.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.9 17 23 5.4 +0.7
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.9 60 -20 6.3 +1.6
PSC Principal U.S. Small-Cap ETF 0.9 38 2 6.1 +1.4
DFUV Dimensional US Marketwide Value ETF 0.9 22 18 7.3 +2.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.9 71 -31 0.3 -4.3
DFLV Dimensional US Large Cap Value ETF 0.9 22 18 7.5 +2.9
DCOR Dimensional US Core Equity 1 ETF 0.9 14 26 5.4 +0.7
DFSV Dimensional US Small Cap Value ETF 0.9 31 9 9.0 +4.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.9 10 30 5.1 +0.5
SMCP AlphaMark Actively Managed Small Cap ETF 0.9 90 -50 4.2 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.9 45 -5 9.0 +4.3
FDLO Fidelity Low Volatility Factor ETF 0.9 15 25 5.2 +0.5
FSMD Fidelity Small-Mid Multifactor ETF 0.9 15 25 7.0 +2.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.9 12 28 6.2 +1.6
FESM Fidelity Enhanced Small Cap ETF 0.9 28 12 1.8 -2.9
DIVB iShares Core Dividend ETF 0.9 5 35 7.5 +2.8
SUSL iShares ESG MSCI USA Leaders ETF 0.9 10 30 5.2 +0.5
RAYD Rayliant Quantitative Developed Market Equity ETF 0.9 80 -40 3.9 -0.8
WCEO Hypatia Women CEO ETF 0.9 85 -45 4.2 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 0.8 4 36 6.5 +1.8
VYMI Vanguard International High Dividend Yield ETF 0.8 22 18 9.9 +5.2
PY Principal Value ETF 0.8 15 25 7.1 +2.5
AVSC Avantis U.S Small Cap Equity ETF 0.8 25 15 4.9 +0.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.8 60 -20 4.7 +0.0
GDEF Goldman Sachs Defensive Equity ETF 0.8 55 -15 4.7 +0.0
IUS Invesco RAFI Strategic US ETF 0.8 19 21 6.9 +2.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.8 18 22 4.6 -0.1
SCHC Schwab International Small-Cap Equity ETF 0.8 11 29 6.6 +1.9
JHML John Hancock Multifactor Large Cap ETF 0.8 29 11 5.3 +0.7
SCHM Schwab U.S. Mid-Cap ETF 0.8 4 36 6.1 +1.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -35 5.3 +0.6
VBK Vanguard Small-Cap Growth ETF 0.8 7 33 1.3 -3.4
SCAP InfraCap Small Cap Income ETF 0.8 135 -95 9.0 +4.3
IUSV iShares Core S&P US Value ETF 0.8 4 36 6.5 +1.8
NACP Impact Shares NAACP Minority Empowerment ETF 0.8 49 -9 5.0 +0.3
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.8 38 2 5.2 +0.6
DFAU Dimensional US Core Equity Market ETF 0.8 12 28 5.1 +0.4
FDWM Fidelity Women's Leadership ETF 0.8 59 -19 4.6 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.7 4 36 5.8 +1.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.7 25 15 6.9 +2.2
PFM Invesco Dividend Achievers ETF 0.7 53 -13 5.3 +0.6
VFVA Vanguard U.S. Value Factor ETF 0.7 13 27 10.3 +5.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.7 18 22 6.0 +1.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.7 9 31 5.0 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.7 9 31 5.4 +0.8
CCMG CCM Global Equity ETF 0.7 34 6 7.7 +3.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.7 25 15 6.9 +2.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 16 7.2 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -43 10.2 +5.5
EPS WisdomTree U.S. LargeCap Fund 0.7 8 32 5.9 +1.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.7 15 25 6.4 +1.8
SLYG SPDR S&P 600 Small Cap Growth ETF 0.7 15 25 6.0 +1.4
AFSM First Trust Active Factor Small Cap ETF 0.7 75 -35 6.5 +1.8
KLMT Invesco MSCI Global Climate 500 ETF 0.7 10 30 5.4 +0.7
VOOV Vanguard S&P 500 Value ETF 0.7 10 30 6.3 +1.7
IVE iShares S&P 500 Value ETF 0.7 18 22 6.3 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.7 4 36 6.4 +1.7
SYLD Cambria Shareholder Yield ETF 0.7 59 -19 11.0 +6.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.7 39 1 6.1 +1.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.7 39 1 7.1 +2.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 28 7.2 +2.6
SNPV Xtrackers S&P 500 Value ESG ETF 0.7 15 25 6.4 +1.7
SSLY Syntax Stratified SmallCap ETF 0.7 40 0 7.2 +2.5
DSI iShares MSCI KLD 400 Social ETF 0.6 25 15 5.1 +0.4
CIL VictoryShares International Volatility Wtd ETF 0.6 45 -5 7.0 +2.3
IQIN IQ 500 International ETF 0.6 25 15 9.3 +4.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.6 51 -11 7.0 +2.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.6 9 31 5.4 +0.7
SDIV Global X Superdividend ETF 0.6 58 -18 14.5 +9.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.6 25 15 5.3 +0.7
BKIE BNY Mellon International Equity ETF 0.6 4 36 7.1 +2.5
TOK iShares MSCI Kokusai ETF 0.6 26 14 5.0 +0.4
RPV Invesco S&P 500 Pure Value ETF 0.6 35 5 10.2 +5.5
DFUS Dimensional U.S. Equity ETF 0.6 9 31 4.9 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 0.6 4 36 7.4 +2.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.6 15 25 4.7 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 15 10.2 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 20 4.8 +0.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.6 15 25 7.7 +3.1
BTHM BlackRock Future U.S. Themes ETF 0.6 60 -20 4.1 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 31 5.2 +0.6
URTH iShares MSCI World ETF 0.6 24 16 5.3 +0.6
IJR iShares Core S&P Small Cap ETF 0.6 6 34 6.8 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 37 4.8 +0.2
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 -25 7.1 +2.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 28 7.7 +3.0
VTHR Vanguard Russell 3000 ETF 0.6 10 30 4.8 +0.1
IWV iShares Russell 3000 ETF 0.6 20 20 4.7 +0.0
VTI Vanguard Total Stock Market ETF 0.6 3 37 4.8 +0.1
IYY iShares Dow Jones U.S. ETF 0.6 20 20 4.8 +0.1
COWZ Pacer US Cash Cows 100 ETF 0.6 49 -9 10.2 +5.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 -21 5.7 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 10 30 7.4 +2.7
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 22 6.5 +1.8
ROUS Hartford Multifactor US Equity ETF 0.6 19 21 6.6 +1.9
SCHB Schwab U.S. Broad Market ETF 0.6 3 37 5.0 +0.4
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 37 6.9 +2.2
VONE Vanguard Russell 1000 ETF 0.6 8 32 4.9 +0.3
IWB iShares Russell 1000 ETF 0.6 15 25 4.9 +0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 33 6.5 +1.8
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 28 7.8 +3.2
SNPG Xtrackers S&P 500 Growth ESG ETF 0.6 15 25 4.7 +0.0
VEA Vanguard FTSE Developed Markets ETF 0.6 5 35 7.3 +2.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.6 17 23 5.9 +1.3
SCHK Schwab 1000 Index ETF 0.6 5 35 5.1 +0.4
PBUS Invesco MSCI USA ETF 0.6 4 36 5.0 +0.3
SMMD iShares Russell 2500 ETF 0.6 15 25 5.8 +1.1
ILCB iShares Morningstar U.S. Equity ETF 0.6 3 37 5.0 +0.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.6 11 29 5.0 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.6 20 20 6.9 +2.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 15 25 5.9 +1.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -40 3.4 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.5 12 28 4.5 -0.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.5 15 25 5.9 +1.3
SCHF Schwab International Equity ETF 0.5 6 34 7.6 +2.9
SCHX Schwab U.S. Large-Cap ETF 0.5 3 37 5.1 +0.4
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 15 5.8 +1.2
SPXN ProShares S&P 500 Ex-Financials ETF 0.5 9 31 5.0 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 37 7.4 +2.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 29 4.8 +0.1
ACWI iShares MSCI ACWI ETF 0.5 32 8 5.4 +0.7
STRV Strive 500 ETF 0.5 5 35 4.9 +0.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.5 3 37 5.1 +0.5
SIXS ETC 6 Meridian Small Cap Equity ETF 0.5 89 -49 8.6 +3.9
VT Vanguard Total World Stock ETF 0.5 7 33 5.6 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 38 5.0 +0.4
SNPE Xtrackers S&P 500 ESG ETF 0.5 10 30 5.1 +0.4
FYT First Trust Small Cap Value AlphaDEX Fund 0.5 73 -33 10.3 +5.6
XVV iShares ESG Screened S&P 500 ETF 0.5 8 32 4.9 +0.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -39 5.2 +0.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 31 3.5 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 9 31 4.7 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 20 4.8 +0.1
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 34 4.2 -0.5
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 12 8.3 +3.7
IVV iShares Core S&P 500 ETF 0.5 3 37 5.0 +0.4
SPY SPDR S&P 500 ETF Trust 0.5 9 31 5.0 +0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.5 32 8 6.0 +1.4
USMF WisdomTree U.S. Multifactor Fund 0.5 28 12 7.2 +2.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.5 0 40 5.1 +0.4
VOTE TCW Transform 500 ETF 0.5 5 35 4.9 +0.3
EES WisdomTree U.S. SmallCap Fund 0.5 38 2 9.5 +4.8
SPLG SPDR Portfolio S&P 500 ETF 0.5 2 38 5.0 +0.4
VOO Vanguard S&P 500 ETF 0.5 3 37 5.0 +0.4
DIHP Dimensional International High Profitability ETF 0.5 29 11 7.6 +2.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.5 29 11 4.9 +0.3
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.5 35 5 4.5 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 6 7.1 +2.4
JQUA JPMorgan U.S. Quality Factor ETF 0.5 12 28 5.8 +1.1
VV Vanguard Large-Cap ETF 0.5 4 36 4.9 +0.3
TPIF Timothy Plan International ETF 0.5 62 -22 6.9 +2.2
VOT Vanguard Mid-Cap Growth ETF 0.5 7 33 3.7 -1.0
DFIC Dimensional International Core Equity 2 ETF 0.5 23 17 7.6 +3.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 20 4.9 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.5 7 33 4.9 +0.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 22 7.0 +2.3
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 22 7.6 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 11 6.4 +1.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.5 36 4 4.6 -0.1
FDMO Fidelity Momentum Factor ETF 0.5 15 25 4.1 -0.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 15 25 8.4 +3.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 1 4.3 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 15 7.3 +2.6
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 12 4.8 +0.1
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 25 7.7 +3.0
RWL Invesco S&P 500 Revenue ETF 0.4 39 1 6.9 +2.2
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 10 6.1 +1.5
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 33 7.3 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -1 7.2 +2.6
VXUS Vanguard Total International Stock ETF 0.4 7 33 7.1 +2.5
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 27 2.2 -2.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.4 35 5 6.2 +1.6
QUAL iShares MSCI USA Quality Factor ETF 0.4 15 25 5.2 +0.6
STXD Strive 1000 Dividend Growth ETF 0.4 35 5 5.0 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 32 7.2 +2.5
DGRO iShares Core Dividend Growth ETF 0.4 8 32 6.3 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 0.4 15 25 5.7 +1.0
FUNL CornerCap Fundametrics Large-Cap ETF 0.4 50 -10 6.7 +2.1
DFAI Dimensional International Core Equity Market ETF 0.4 18 22 7.2 +2.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 25 5.9 +1.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.4 8 32 5.0 +0.3
IUSG iShares Core S&P U.S. Growth ETF 0.4 4 36 4.7 0.0
HDUS Hartford Disciplined US Equity ETF 0.4 19 21 6.0 +1.3
VOOG Vanguard S&P 500 Growth ETF 0.3 10 30 4.6 -0.1
IVW iShares S&P 500 Growth ETF 0.3 18 22 4.5 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 0.3 15 25 7.3 +2.7
SPYG SPDR Portfolio S&P 500 Growth ETF 0.3 4 36 4.6 -0.0
VFMF Vanguard U.S. Multifactor ETF 0.3 18 22 8.6 +3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 1 7.5 +2.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -35 4.7 0.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 10 5.8 +1.1
AVDE Avantis International Equity ETF 0.3 23 17 8.1 +3.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 33 5.0 +0.3
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 25 5.5 +0.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -30 2.9 -1.8
MGV Vanguard Mega Cap Value ETF 0.3 7 33 6.3 +1.6
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 22 5.5 +0.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 34 2.3 -2.3
AFLG First Trust Active Factor Large Cap ETF 0.3 55 -15 5.9 +1.3
SFY SoFi Select 500 ETF 0.3 0 40 4.5 -0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 10 7.9 +3.3
IWO iShares Russell 2000 Growth ETF 0.3 24 16 0.6 -4.1
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 25 0.7 -4.0
IQDE FlexShares International Quality Dividend Defensive Index ET 0.3 47 -7 14.5 +9.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 28 4.5 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 36 4.4 -0.3
JAVA JPMorgan Active Value ETF 0.3 44 -4 5.9 +1.2
FVAL Fidelity Value Factor ETF 0.3 15 25 7.0 +2.3
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 10 7.1 +2.4
ACVF American Conservative Values ETF 0.3 75 -35 4.2 -0.5
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -12 2.8 -1.9
REVS Columbia Research Enhanced Value ETF 0.3 19 21 7.4 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 11 8.7 +4.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 26 5.0 +0.4
STXG Strive 1000 Growth ETF 0.2 18 22 4.0 -0.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 12 5.9 +1.2
VLUE iShares MSCI USA Value Factor ETF 0.2 15 25 10.2 +5.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 1 11.2 +6.6
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 16 6.3 +1.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 1 7.8 +3.1
TMFC Motley Fool 100 Index ETF 0.2 50 -10 3.7 -1.0
IWF iShares Russell 1000 Growth ETF 0.2 19 21 4.5 -0.2
VONG Vanguard Russell 1000 Growth ETF 0.2 8 32 4.6 -0.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 10 6.9 +2.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 15 5.6 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 20 6.7 +2.1
AIEQ AI Powered Equity ETF 0.2 75 -35 5.4 +0.7
VIG Vanguard Dividend Appreciation ETF 0.2 6 34 5.5 +0.9
APUE ActivePassive U.S. Equity ETF 0.2 45 -5 4.8 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 31 5.5 +0.8
GSPY Gotham Enhanced 500 ETF 0.2 50 -10 5.1 +0.4
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 20 5.0 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 21 6.2 +1.6
LRGF iShares U.S. Equity Factor ETF 0.1 8 32 5.7 +1.1
MGC Vanguard Mega Cap ETF 0.1 7 33 4.8 +0.2
DFIS Dimensional International Small Cap ETF 0.1 39 1 6.8 +2.1
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -9 5.5 +0.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 1 7.3 +2.7
RECS Columbia Research Enhanced Core ETF 0.1 15 25 5.5 +0.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 17 9.1 +4.4
QINT American Century Quality Diversified International ETF 0.1 39 1 7.7 +3.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -35 4.2 -0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.1 37 3 3.9 -0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.1 80 -40 8.8 +4.1
ILCG iShares Morningstar Growth ETF 0.1 4 36 4.0 -0.7
AVIV Avantis International Large Cap Value ETF 0.1 25 15 9.1 +4.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 25 5.8 +1.2
HLAL Wahed FTSE USA Shariah ETF 0.1 50 -10 4.8 +0.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 -7 8.3 +3.7
MODL VictoryShares WestEnd U.S. Sector ETF 0.1 42 -2 4.7 +0.1
QGRO American Century U.S. Quality Growth ETF 0.1 29 11 4.7 -0.0
DFIV Dimensional International Value ETF 0.1 27 13 10.1 +5.5
VUG Vanguard Growth ETF 0.1 4 36 4.2 -0.5
SQEW LeaderShares Equity Skew ETF 0.1 81 -41 4.0 -0.6
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 10 11.8 +7.1
NANR SPDR S&P North American Natural Resources ETF 0.1 35 5 7.4 +2.7
FDM First Trust Dow Jones Select MicroCap Index Fund 0.1 60 -20 7.3 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 31 4.9 +0.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 19 3.8 -0.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 8 4.9 +0.2
JGRO JPMorgan Active Growth ETF 0.1 44 -4 3.5 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 1 7.7 +3.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 25 4.9 +0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -2 5.1 +0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 11 4.3 -0.4
TMFX Motley Fool Next Index ETF 0.0 50 -10 3.0 -1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 16 8.8 +4.2
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -19 2.8 -1.9
GLOF iShares Global Equity Factor ETF 0.0 20 20 7.1 +2.4
TEQI T. Rowe Price Equity Income ETF 0.0 54 -14 3.9 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 6 5.7 +1.1
ROSC Hartford Multifactor Small Cap ETF 0.0 34 6 9.0 +4.3
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 -10 4.7 +0.0
AVDV Avantis International Small Cap Value ETF 0.0 36 4 8.2 +3.6
PSCE Invesco S&P SmallCap Energy ETF 0.0 29 11 0.0 -4.7

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:		 Tortoise North American Pipeline Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.53
 
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.