ETF Research Center

Vanguard Small Cap Value ETF

ALTAR
Score™

9.1%

Recommen-
dation

SPECULATIVE

2025E 2026E
P/E ratio	14.4x	P/Sales ratio	1.1x
P/BV ratio	1.7x	Div. yield	1.9%

Description
Performance
Comps
Fundamentals
Valuation
Rating

Vanguard Small-Cap Value ETF seeks to track the performance of the MSCI US Small Cap Value Index.

FUND BASICS
Category	US Equities
Fund Sponsor	Vanguard Group Inc/The
Website	www.vanguard.com
Inception date	Jan 26, 2004
Assets (mns)	$31,300
Currency	USD
Expense ratio	7 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	JPMorgan Chase Bank
Weighting	Multi-Factor
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	851
Wgt avg mkt cap (mns)	$9,007
Large cap (>$10bn)	32.5%
Mid cap ($2-10bn)	57.8%
Small cap (<$2bn)	9.0%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	6.2 %
NRG ENERGY INC	0.9 %
EMCOR GROUP INC	0.7 %
REGAL BELOIT CORP	0.7 %
ATMOS ENERGY CORP	0.7 %
WILLIAMS-SONOMA INC	0.6 %
JABIL CIRCUIT INC	0.6 %
TAPESTRY, INC.	0.6 %
UNITED THERAPEUTICS CORP	0.5 %
APTIV PLC	0.5 %
TENET HEALTHCARE CORP	0.5 %

TOP COUNTRY EXPOSURE
	UNITED STATES	88.4 %
	BERMUDA	1.5 %
	BRITAIN	1.4 %
	IRELAND	1.1 %
	PUERTO RICO	0.4 %
	SWITZERLAND	0.1 %
	NETHERLANDS	0.0 %
	CAYMAN ISLANDS	0.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru October 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
4.7%	4.9%	14.7%	9.3%	9.0%

Market Correlations
versus...	Beta	R-squared
S&P500	1.14	65%
MSCI EAFE	0.75	37%
MSCI Emg. Mkts.	0.54	22%

Technical Indicators
Recent close	$209.01
30d moving avg.	$207.61
Annualized volatility	18.3%
Short interest (ETF)	0.2%
Short interest (Underlying)	4.9%
Relative strength (RSI)	51

Liquidity measures
Avg. volume (thou.)	307
Turnover	0.2%
Bid/Ask (% of price)	0.03%
ADV underlying (mns)	$24,886

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 1184 potential alternatives to the Vanguard Small Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with VBR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

VBR

Expense:

7 bp

ALTAR Score™:

9.1%

ALTERNATIVE ETFs BASED ON OVERLAP WITH VBR
Ticker	Fund Name	Overlap¹ vs VBR (%)	Expense ratio (bp)	Savings vs VBR (bp)	ALTAR Score™ (%)	ALTAR vs VBR (%)
ISCV	iShares Morningstar Small Cap Value ETF	55.6	6	1	9.3	+0.2
VB	Vanguard Small-Cap ETF	53.9	5	2	6.1	-3.0
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	51.5	7	0	5.8	-3.4
SCHM	Schwab U.S. Mid-Cap ETF	50.2	4	3	7.1	-2.1
DFAS	Dimensional U.S. Small Cap ETF	49.5	26	-19	6.7	-2.5
ISCB	iShares Morningstar Small-Cap ETF	48.7	4	3	6.2	-2.9
STXM	Strive Mid-Cap ETF	45.9	18	-11	6.4	-2.7
BKMC	BNY Mellon US Mid Cap Core Equity ETF	44.1	4	3	6.0	-3.2
IVOO	Vanguard S&P Mid-Cap 400 ETF	43.7	7	0	7.3	-1.8
EZM	WisdomTree U.S. MidCap Fund	43.6	38	-31	8.8	-0.4
IJH	iShares Core S&P Mid-Cap ETF	43.6	5	2	7.3	-1.8
MDY	SPDR S&P Midcap 400 ETF Trust	43.6	24	-17	7.1	-2.0
SPMD	State Street SPDR Portfolio S&P 400 Mid Cap ETF	43.6	3	4	7.3	-1.9
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	43.4	24	-17	7.6	-1.6
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	43.0	17	-10	5.9	-3.2
FSMD	Fidelity Small-Mid Multifactor ETF	43.0	15	-8	6.9	-2.2
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	41.8	15	-8	7.3	-1.8
DFAT	Dimensional U.S. Targeted Value ETF	41.8	28	-21	10.1	+0.9
SCHA	Schwab U.S. Small-Cap ETF	40.4	4	3	6.3	-2.9
SFYX	SoFi Next 500 ETF	39.0	0	7	6.0	-3.2
FNX	First Trust Mid Cap Core AlphaDEX Fund	38.9	60	-53	7.0	-2.1
DON	WisdomTree U.S. MidCap Dividend Fund	38.8	38	-31	9.2	+0.1
XJH	iShares ESG Screened S&P Mid-Cap ETF	38.7	12	-5	7.2	-1.9
JHMM	John Hancock Multifactor Mid Cap ETF	38.2	42	-35	6.3	-2.9
SMLF	iShares U.S. SmallCap Equity Factor ETF	37.8	15	-8	6.0	-3.2
VXF	Vanguard Extended Market ETF	36.1	5	2	4.7	-4.5
IJJ	iShares S&P Mid-Cap 400 Value ETF	36.0	18	-11	8.7	-0.4
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	35.9	10	-3	8.9	-0.3
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	35.9	15	-8	8.8	-0.4
AVMC	Avantis U.S. Mid Cap Equity ETF	34.4	18	-11	6.9	-2.3
RWK	Invesco S&P MidCap 400 Revenue ETF	34.1	39	-32	9.8	+0.6
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	34.0	24	-17	8.2	-0.9
FAB	First Trust Multi Cap Value AlphaDEX Fund	33.4	67	-60	10.1	+0.9
MIDE	Xtrackers S&P MidCap 400 ESG ETF	33.0	15	-8	8.0	-1.1
SMMD	iShares Russell 2500 ETF	32.0	15	-8	6.9	-2.3
FNK	First Trust Mid Cap Value AlphaDEX Fund	31.5	70	-63	11.0	+1.8
DFSV	Dimensional US Small Cap Value ETF	31.3	31	-24	10.5	+1.3
ONEV	State Street SPDR Russell 1000 Low Volatility Focus ETF	31.1	20	-13	8.2	-1.0
FNDA	Schwab Fundamental US Small Co. Index ETF	28.9	25	-18	8.9	-0.3
ONEY	State Street SPDR Russell 1000 Yield Focus ETF	28.9	20	-13	10.2	+1.1
SMDX	Intech S&P Small-Mid Cap Divers Alp ETF	28.7	35	-28	7.1	-2.1
IWS	iShares Russell Mid-Cap Value ETF	27.9	23	-16	7.1	-2.0
ONEO	State Street SPDR Russell 1000 Momentum Focus ETF	27.4	20	-13	6.8	-2.4
EQAL	Invesco Russell 1000 Equal Weight ETF	27.2	20	-13	7.1	-2.0
BKSE	BNY Mellon US Small Cap Core Equity ETF	27.2	4	3	5.8	-3.3
AFMC	First Trust Active Factor Mid Cap ETF	27.1	65	-58	8.3	-0.8
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	27.0	15	-8	6.1	-3.1
STXK	Strive Small-Cap ETF	26.9	18	-11	6.1	-3.1
JVAL	JPMorgan U.S. Value Factor ETF	26.8	12	-5	7.9	-1.3
VFVA	Vanguard U.S. Value Factor ETF	25.6	13	-6	10.8	+1.7
VTWO	Vanguard Russell 2000 ETF	25.3	7	0	4.3	-4.9
RSSL	Global X Russell 2000 ETF	25.3	8	-1	4.1	-5.0
IWM	iShares Russell 2000 ETF	25.2	19	-12	4.2	-4.9
DEUS	Xtrackers Russell US Multifactor ETF	25.0	17	-10	6.8	-2.3
ISCG	iShares Morningstar Small-Cap Growth ETF	24.5	6	1	2.9	-6.2
GVLU	Gotham 1000 Value ETF	23.6	50	-43	8.9	-0.2
JPUS	JPMorgan Diversified Return U.S. Equity ETF	23.5	18	-11	7.8	-1.4
CSA	VictoryShares US Small Cap Volatility Wtd ETF	23.3	35	-28	7.6	-1.6
IJK	iShares S&P Mid-Cap 400 Growth ETF	23.2	17	-10	5.9	-3.3
AVMV	Avantis U.S. Mid Cap Value ETF	23.2	20	-13	9.0	-0.2
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	23.1	10	-3	5.9	-3.2
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	23.1	15	-8	5.9	-3.2
DXUV	Dimensional US Vector Equity ETF	23.1	28	-21	6.1	-3.0
IWR	iShares Russell Midcap ETF	22.7	19	-12	6.2	-2.9
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	22.5	20	-13	5.6	-3.6
FLDZ	RiverNorth Patriot ETF	22.3	75	-68	6.4	-2.7
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	21.3	39	-32	5.8	-3.4
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	21.2	25	-18	5.5	-3.7
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	21.2	25	-18	7.9	-1.3
TPSC	Timothy Plan US Small Cap Core ETF	21.1	52	-45	7.1	-2.0
NUSC	Nuveen ESG Small-Cap ETF	20.3	31	-24	5.2	-3.9
EBI	Longview Advantage ETF	20.0	35	-28	6.6	-2.5
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	19.9	30	-23	8.1	-1.0
IWN	iShares Russell 2000 Value ETF	19.6	24	-17	7.7	-1.4
VTWV	Vanguard Russell 2000 Value ETF	19.6	10	-3	7.8	-1.3
VFMF	Vanguard U.S. Multifactor ETF	19.6	18	-11	7.8	-1.4
FMDE	Fidelity Enhanced Mid Cap ETF	19.1	23	-16	5.9	-3.3
JHSC	John Hancock Multifactor Small Cap ETF	18.7	42	-35	6.8	-2.4
ISMD	Inspire Small/Mid Cap ETF	18.4	54	-47	5.6	-3.6
IJR	iShares Core S&P Small Cap ETF	18.4	6	1	7.6	-1.5
SPSM	State Street SPDR Portfolio S&P 600 Small Cap ETF	18.4	3	4	7.7	-1.5
VIOO	Vanguard S&P Small-Cap 600 ETF	18.3	7	0	7.6	-1.5
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	17.2	9	-2	4.0	-5.1
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	17.1	29	-22	8.3	-0.9
TPLC	Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	17.1	52	-45	5.7	-3.5
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	17.1	60	-53	7.1	-2.1
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	17.0	58	-51	5.7	-3.5
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	16.7	80	-73	8.1	-1.0
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	16.7	15	-8	7.7	-1.4
RWJ	Invesco S&P SmallCap 600 Revenue ETF	16.7	39	-32	9.9	+0.8
AVSU	Avantis Responsible U.S. Equity ETF	16.4	15	-8	5.8	-3.3
XJR	iShares ESG Screened S&P Small-Cap ETF	16.4	12	-5	7.6	-1.5
DFUV	Dimensional US Marketwide Value ETF	16.3	22	-15	7.4	-1.8
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	16.1	39	-32	4.3	-4.8
VFMO	Vanguard U.S. Momentum Factor ETF	16.0	13	-6	3.0	-6.1
IJS	iShares S&P Small-Cap 600 Value ETF	15.9	18	-11	9.8	+0.6
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	15.9	15	-8	9.8	+0.7
VIOV	Vanguard S&P Small-Cap 600 Value ETF	15.8	10	-3	9.7	+0.6
AVLV	Avantis U.S. Large Cap Value ETF	15.7	15	-8	7.8	-1.3
REVS	Columbia Research Enhanced Value ETF	15.7	19	-12	7.7	-1.5
HWSM	Hotchkis & Wiley SMID Cap Diversified Value ETF	15.5	55	-48	10.3	+1.2
ROUS	Hartford Multifactor US Equity ETF	15.3	19	-12	6.9	-2.3
DFAC	Dimensional U.S. Core Equity 2 ETF	15.3	17	-10	5.5	-3.7
RSP	Invesco S&P 500 Equal Weight ETF	15.1	20	-13	6.7	-2.4
FIDU	Fidelity MSCI Industrial Index ETF	15.1	8	-1	4.4	-4.7
AVUV	Avantis U.S. Small Cap Value ETF	15.0	25	-18	9.9	+0.8
VLU	State Street SPDR S&P 1500 Value Tilt ETF	14.8	12	-5	7.3	-1.8
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	14.8	29	-22	6.4	-2.7
VFQY	Vanguard U.S. Quality Factor ETF	14.3	13	-6	6.1	-3.0
CFA	VictoryShares US 500 Volatility Wtd ETF	14.3	35	-28	6.0	-3.1
FFSM	Fidelity Fundamental Small-Mid Cap ETF	14.3	43	-36	6.1	-3.0
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	14.3	40	-33	6.0	-3.2
DEW	WisdomTree Global High Dividend Fund	14.2	58	-51	8.2	-0.9
AVUS	Avantis U.S. Equity ETF	13.9	15	-8	5.7	-3.5
XMVM	Invesco S&P MidCap Value with Momentum ETF	13.9	39	-32	9.8	+0.6
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	13.8	20	-13	6.1	-3.0
ESIX	State Street SPDR S&P SmallCap 600 ESG ETF	13.7	12	-5	8.2	-0.9
FNDB	Schwab Fundamental US Broad Market Index ETF	13.6	25	-18	7.3	-1.8
SSPY	Syntax Stratified LargeCap ETF	13.5	30	-23	6.7	-2.4
SHUS	Syntax Stratified U.S. Total Market Hedged ETF	13.4	65	-58	6.4	-2.7
SIZE	iShares MSCI USA Size Factor ETF	13.2	15	-8	6.1	-3.0
FESM	Fidelity Enhanced Small Cap ETF	13.2	28	-21	6.8	-2.3
VALQ	American Century U.S. Quality Value ETF	13.1	29	-22	7.9	-1.2
SIXL	ETC 6 Meridian Low Beta Equity ETF	13.1	80	-73	6.2	-2.9
PTL	Inspire 500 ETF	13.0	9	-2	5.3	-3.8
VIS	Vanguard Industrials ETF	13.0	9	-2	4.5	-4.6
EUSA	iShares MSCI USA Equal Weighted ETF	12.9	9	-2	6.2	-2.9
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	12.9	61	-54	7.1	-2.0
BFOR	ALPS Barron's 400 ETF	12.9	65	-58	5.9	-3.2
PKW	Invesco Buyback Achievers ETF	12.9	62	-55	8.1	-1.0
DES	WisdomTree U.S. SmallCap Dividend Fund	12.7	38	-31	9.4	+0.3
ETHO	Etho Climate Leadership U.S. ETF	12.7	47	-40	5.5	-3.6
OPTZ	Optimize Strategy Index ETF	12.7	50	-43	4.7	-4.5
FYX	First Trust Small Cap Core AlphaDEX Fund	12.7	61	-54	5.8	-3.3
WTV	WisdomTree US Value Fund of Benef Interest	12.6	12	-5	9.0	-0.2
DCOR	Dimensional US Core Equity 1 ETF	12.5	14	-7	5.3	-3.8
USMF	WisdomTree U.S. Multifactor Fund	12.4	28	-21	7.3	-1.9
STXV	Strive 1000 Value ETF	12.4	18	-11	8.1	-1.0
PRF	Invesco FTSE RAFI US 1000 ETF	12.3	39	-32	6.7	-2.4
FAD	First Trust Multi Cap Growth AlphaDEX Fund	12.1	64	-57	1.1	-8.0
FNY	First Trust Mid Cap Growth AlphaDEX Fund	12.1	70	-63	2.2	-7.0
DFSU	Dimensional US Sustainability Core 1 ETF	12.1	18	-11	5.3	-3.9
XMLV	Invesco S&P MidCap Low Volatility ETF	12.0	25	-18	7.2	-1.9
AUSF	Global X Adaptive U.S. Factor ETF	12.0	27	-20	9.1	+0.0
PSC	Principal U.S. Small-Cap ETF	12.0	38	-31	6.9	-2.2
EES	WisdomTree U.S. SmallCap Fund	11.9	38	-31	8.7	-0.4
NIXT	Research Affiliates Deletions ETF	11.8	9	-2	8.3	-0.8
LSAF	LeaderShares AlphaFactor US Core Equity ETF	11.7	75	-68	7.5	-1.6
ITAN	Sparkline Intangible Value ETF	11.7	50	-43	6.5	-2.7
HKND	Humankind US Stock ETF	11.4	11	-4	7.1	-2.0
OUSM	ALPS O'Shares US Small-Cap Quality Dividend ETF	11.3	48	-41	9.0	-0.2
AFLG	First Trust Active Factor Large Cap ETF	11.3	55	-48	6.3	-2.9
IMCV	iShares Morningstar Mid-Cap Value ETF	11.2	6	1	8.1	-1.0
FELV	Fidelity Enhanced Large Cap Value ETF	11.1	18	-11	6.7	-2.5
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	10.9	9	-2	6.2	-3.0
FNDX	Schwab Fundamental US Large Co. Index ETF	10.8	25	-18	7.2	-1.9
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	10.8	12	-5	7.5	-1.7
RFV	Invesco S&P Midcap 400 Pure Value ETF	10.7	35	-28	13.2	+4.1
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	10.7	60	-53	7.6	-1.5
JMOM	JPMorgan U.S. Momentum Factor ETF	10.6	12	-5	4.5	-4.6
AVIE	Avantis� Inflation Focused Equity ETF	10.5	25	-18	7.1	-2.0
AVSC	Avantis U.S Small Cap Equity ETF	10.4	25	-18	5.3	-3.9
GVUS	Marketbeta Russell 1000 Value Equity ETF	10.4	12	-5	6.5	-2.7
IFRA	iShares U.S. Infrastructure ETF	10.4	30	-23	6.4	-2.8
RNMC	First Trust Mid Cap US Equity Select ETF	10.4	60	-53	7.0	-2.2
JQUA	JPMorgan U.S. Quality Factor ETF	10.2	12	-5	5.9	-3.2
DHS	WisdomTree U.S. High Dividend Fund	10.1	38	-31	8.1	-1.0
FXO	First Trust Financials AlphaDEX Fund	10.1	62	-55	8.2	-1.0
DTD	WisdomTree U.S. Total Dividend Fund	10.0	28	-21	6.3	-2.9
SDY	State Street SPDR S&P Dividend ETF	10.0	35	-28	6.8	-2.3
BLES	Inspire Global Hope ETF	9.9	61	-54	6.7	-2.4
IJT	iShares S&P Small-Cap 600 Growth ETF	9.8	18	-11	5.5	-3.6
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	9.8	15	-8	5.6	-3.6
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	9.8	8	-1	4.4	-4.7
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	9.7	10	-3	5.6	-3.5
IWO	iShares Russell 2000 Growth ETF	9.7	24	-17	0.8	-8.3
FVD	First Trust Value Line Dividend Index Fund	9.7	65	-58	6.2	-2.9
VTWG	Vanguard Russell 2000 Growth ETF	9.6	10	-3	1.0	-8.2
FNCL	Fidelity MSCI Financials Index ETF	9.6	8	-1	6.6	-2.6
CZA	Invesco Zacks Mid-Cap ETF	9.6	72	-65	7.3	-1.8
FYT	First Trust Small Cap Value AlphaDEX Fund	9.6	73	-66	12.0	+2.8
IMCB	iShares Morningstar Mid-Cap ETF	9.5	4	3	6.2	-3.0
CCMG	CCM Global Equity ETF	9.4	34	-27	8.2	-1.0
CALF	Pacer US Small Cap Cash Cows 100 ETF	9.4	59	-52	10.5	+1.4
FSCS	First Trust SMID Capital Strength ETF	9.3	60	-53	7.2	-2.0
XMMO	Invesco S&P MidCap Momentum ETF	9.2	34	-27	4.2	-4.9
SYLD	Cambria Shareholder Yield ETF	9.2	59	-52	12.7	+3.6
IUS	Invesco RAFI Strategic US ETF	9.2	19	-12	6.7	-2.4
FLOW	Global X U.S. Cash Flow Kings 100 ETF	9.2	25	-18	12.4	+3.2
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	9.2	15	-8	8.9	-0.2
NUMV	Nuveen ESG Mid-Cap Value ETF	9.1	31	-24	6.9	-2.2
IYJ	iShares U.S. Industrials ETF	9.0	40	-33	4.7	-4.4
IWD	iShares Russell 1000 Value ETF	9.0	19	-12	6.4	-2.8
VCR	Vanguard Consumer Discretionary ETF	9.0	9	-2	4.7	-4.5
VONV	Vanguard Russell 1000 Value ETF	8.9	7	0	6.5	-2.6
AFSM	First Trust Active Factor Small Cap ETF	8.9	75	-68	7.5	-1.7
DSMC	Distillate Small/Mid Cash Flow ETF	8.9	55	-48	12.8	+3.7
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	8.8	20	-13	2.8	-6.3
TPHD	Timothy Plan High Dividend Stock ETF	8.7	52	-45	7.2	-1.9
TPHE	Timothy Plan High Dividend Stock Enhanced ETF	8.7	54	-47	7.3	-1.9
VFH	Vanguard Financials ETF	8.6	9	-2	6.6	-2.6
CVY	Invesco Zacks Multi-Asset Income ETF	8.6	106	-99	11.8	+2.7
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	8.6	27	-20	7.3	-1.9
HDUS	Hartford Disciplined US Equity ETF	8.5	19	-12	5.6	-3.5
TAX	Cambria Tax Aware ETF	8.5	49	-42	6.0	-3.1
FDL	First Trust Morningstar Dividend Leaders Index Fund	8.5	45	-38	10.8	+1.6
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	8.5	35	-28	9.8	+0.7
RSPE	Invesco ESG S&P 500 Equal Weight ETF	8.4	20	-13	6.5	-2.6
KBE	State Street SPDR S&P Bank ETF	8.4	35	-28	10.0	+0.8
TMFX	Motley Fool Next Index ETF	8.3	50	-43	3.2	-5.9
WCEO	Hypatia Women CEO ETF	8.3	85	-78	3.1	-6.1
HWAY	Themes US Infrastructure ETF	8.2	29	-22	6.0	-3.1
JHML	John Hancock Multifactor Large Cap ETF	8.2	29	-22	5.3	-3.9
VYM	Vanguard High Dividend Yield Index ETF	8.1	6	1	7.0	-2.1
DSTL	Distillate US Fundamental Stability & Value ETF	8.1	39	-32	8.6	-0.5
TEXN	iShares Texas Equity ETF	8.0	20	-13	6.1	-3.0
SMOT	VanEck Morningstar SMID Moat ETF	7.9	49	-42	6.7	-2.4
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	7.9	60	-53	10.3	+1.2
PAVE	Global X U.S. Infrastructure Development ETF	7.9	47	-40	5.1	-4.0
FXD	First Trust Consumer Discretionary AlphaDEX Fund	7.7	61	-54	7.4	-1.7
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	7.7	40	-33	7.6	-1.6
VNQ	Vanguard Real Estate ETF	7.6	13	-6	7.6	-1.5
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	7.6	30	-23	6.8	-2.3
FREL	Fidelity MSCI Real Estate Index ETF	7.6	8	-1	7.7	-1.4
LGLV	State Street SPDR US Large Cap Low Volatility Index ETF	7.5	12	-5	6.0	-3.1
TXS	Texas Capital Texas Equity Index ETF	7.5	49	-42	6.0	-3.2
DFAU	Dimensional US Core Equity Market ETF	7.5	12	-5	5.0	-4.2
FEX	First Trust Large Cap Core AlphaDEX Fund	7.4	59	-52	5.8	-3.3
DIVB	iShares Core Dividend ETF	7.4	5	2	8.2	-0.9
RPV	Invesco S&P 500 Pure Value ETF	7.4	35	-28	10.3	+1.1
QDEF	FlexShares Quality Dividend Defensive Index Fund	7.4	37	-30	6.1	-3.0
IYF	iShares U.S. Financials ETF	7.3	40	-33	5.9	-3.2
SCHV	Schwab U.S. Large-Cap Value ETF	7.3	4	3	6.7	-2.4
RECS	Columbia Research Enhanced Core ETF	7.3	15	-8	5.7	-3.5
DVLU	First Trust Dorsey Wright Momentum & Value ETF	7.3	60	-53	6.2	-2.9
XMHQ	Invesco S&P MidCap Quality ETF	7.2	25	-18	6.7	-2.4
VAMO	Cambria Value & Momentum ETF	7.2	61	-54	6.4	-2.7
KRE	State Street SPDR S&P Regional Banking ETF	7.2	35	-28	10.2	+1.1
IUSV	iShares Core S&P US Value ETF	7.2	4	3	6.3	-2.8
IMCG	iShares Morningstar Mid-Cap Growth ETF	7.1	6	1	4.1	-5.0
IEDI	iShares U.S. Consumer Focused ETF	7.1	18	-11	5.8	-3.4
SURE	AdvisorShares Insiders Advantage ETF	7.0	90	-83	9.7	+0.6
ROSC	Hartford Multifactor Small Cap ETF	7.0	34	-27	9.1	0.0
QDF	FlexShares Quality Dividend Index Fund	7.0	37	-30	6.2	-2.9
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd ETF	7.0	35	-28	9.4	+0.3
LRGF	iShares U.S. Equity Factor ETF	7.0	8	-1	5.4	-3.8
SVAL	iShares US Small Cap Value Factor ETF	6.9	20	-13	9.0	-0.1
JSTC	Adasina Social Justice All Cap Global ETF	6.9	89	-82	5.0	-4.2
SCHH	Schwab U.S. REIT ETF	6.9	7	0	8.3	-0.8
RBLD	First Trust Alerian US NextGen Infrastructure ETF	6.9	65	-58	4.8	-4.3
SFLO	VictoryShares Small Cap Free Cash Flow ETF	6.8	49	-42	11.0	+1.8
FRI	First Trust S&P REIT Index Fund	6.8	50	-43	7.6	-1.5
USRT	iShares Core U.S. REIT ETF	6.8	8	-1	8.0	-1.1
DFAR	Dimensional US Real Estate ETF	6.8	19	-12	8.3	-0.9
DFGR	Dimensional Global Real Estate ETF	6.8	22	-15	7.7	-1.4
DVY	iShares Select Dividend ETF	6.8	38	-31	9.1	-0.0
MADE	iShares U.S. Manufacturing ETF	6.8	40	-33	4.8	-4.4
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	6.7	11	-4	8.1	-1.1
XOEF	iShares S&P 500 ex S&P 100 ETF	6.7	20	-13	5.6	-3.5
FDLS	Inspire Fidelis Multi Factor ETF	6.7	76	-69	4.6	-4.6
REET	iShares Global REIT ETF	6.6	14	-7	7.5	-1.6
ERET	iShares Environmentally Aware Real Estate ETF	6.6	30	-23	7.2	-1.9
FUNL	CornerCap Fundametrics Large-Cap ETF	6.5	50	-43	7.1	-2.0
LST	Leuthold Select Industries ETF	6.5	91	-84	5.2	-3.9
RFG	Invesco S&P Midcap 400 Pure Growth ETF	6.5	35	-28	5.3	-3.8
FLQL	Franklin LibertyQ U.S. Equity ETF	6.4	15	-8	5.3	-3.8
SPDG	State Street SPDR Portfolio S&P Sector Neutral Dividend ETF	6.4	5	2	8.0	-1.1
COWS	Amplify Cash Flow Dividend Leaders ETF	6.4	0	7	12.2	+3.1
ULVM	VictoryShares US Value Momentum ETF	6.4	20	-13	7.3	-1.9
SRHQ	SRH U.S. Quality ETF	6.3	35	-28	7.5	-1.6
NANR	SPDR S&P North American Natural Resources ETF	6.3	35	-28	7.9	-1.2
QQQJ	Invesco NASDAQ Next Gen 100 ETF	6.3	15	-8	4.7	-4.5
VAW	Vanguard Materials ETF	6.3	9	-2	6.4	-2.8
FMAT	Fidelity MSCI Materials Index ETF	6.3	8	-1	6.3	-2.8
FBCV	Fidelity Blue Chip Value ETF	6.3	59	-52	7.3	-1.8
COWZ	Pacer US Cash Cows 100 ETF	6.3	49	-42	8.6	-0.6
NUDV	Nuveen ESG Dividend ETF	6.2	26	-19	7.5	-1.6
CVLC	Calvert US Large-Cap Core Responsible Index ETF	6.2	15	-8	4.8	-4.4
RWO	SPDR Dow Jones Global Real Estate ETF	6.2	50	-43	7.0	-2.2
RWR	State Street SPDR Dow Jones REIT ETF	6.2	25	-18	7.7	-1.4
TTAC	FCF US Quality ETF	6.1	59	-52	6.0	-3.2
QGRO	American Century U.S. Quality Growth ETF	6.1	29	-22	3.7	-5.5
RDIV	Invesco S&P Ultra Dividend Revenue ETF	6.1	39	-32	11.6	+2.5
RNSC	Furst Trust Small Cap US Equity Select ETF	6.1	60	-53	5.1	-4.0
BIBL	Inspire 100 ETF	6.1	35	-28	5.1	-4.0
HLGE	Hartford Longevity Economy ETF	6.1	44	-37	6.3	-2.9
ITOT	iShares Core S&P Total U.S. Stock Market ETF	6.1	3	4	4.8	-4.4
GINN	Goldman Sachs Innovate Equity ETF	6.1	52	-45	3.6	-5.6
IWV	iShares Russell 3000 ETF	6.1	20	-13	4.7	-4.5
ROE	Astoria US Quality Kings ETF	6.0	49	-42	6.8	-2.3
FLRG	Fidelity U.S. Multifactor ETF	6.0	15	-8	6.9	-2.3
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	6.0	19	-12	6.3	-2.9
DGRW	WisdomTree US Quality Dividend Growth Fund	6.0	28	-21	5.5	-3.6
FTA	First Trust Large Cap Value AlphaDEX Fund	6.0	59	-52	8.9	-0.2
VTI	Vanguard Total Stock Market ETF	6.0	3	4	4.8	-4.4
IYC	iShares U.S. Consumer Discretionary ETF	6.0	40	-33	3.9	-5.2
IYR	iShares U.S. Real Estate ETF	6.0	40	-33	7.6	-1.5
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	6.0	15	-8	7.8	-1.4
VTHR	Vanguard Russell 3000 ETF	5.9	7	0	4.8	-4.4
SPTM	State Street SPDR Portfolio S&P 1500 Composite Stock Market	5.9	3	4	5.0	-4.1
PPTY	US Diversified Real Estate ETF	5.8	53	-46	8.4	-0.7
FCPI	Fidelity Stocks for Inflation ETF	5.8	15	-8	7.7	-1.5
BUL	Pacer US Cash Cows Growth ETF	5.8	60	-53	5.1	-4.1
PDP	Invesco Dorsey Wright Momentum ETF	5.8	62	-55	2.0	-7.2
SMCF	Themes US Small Cap Cash Flow Champions ETF	5.8	29	-22	11.8	+2.6
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	5.8	9	-2	5.2	-3.9
JAVA	JPMorgan Active Value ETF	5.8	44	-37	6.3	-2.8
SCHB	Schwab U.S. Broad Market ETF	5.8	3	4	4.9	-4.2
FSGS	First Trust SMID Growth Strength ETF	5.7	60	-53	5.1	-4.0
ALTL	Pacer Lunt Large Cap Alternator ETF	5.7	60	-53	4.6	-4.5
SPHB	Invesco S&P 500 High Beta ETF	5.7	25	-18	5.0	-4.2
PSCF	Invesco S&P SmallCap Financials ETF	5.7	29	-22	9.9	+0.7
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	5.7	20	-13	4.4	-4.8
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	5.6	14	-7	4.8	-4.3
IGE	iShares North American Natural Resources ETF	5.6	41	-34	7.4	-1.7
FVAL	Fidelity Value Factor ETF	5.6	15	-8	6.7	-2.4
GOP	Unusual Whales Subversive Republican Trading ETF	5.6	50	-43	5.3	-3.8
DGRO	iShares Core Dividend Growth ETF	5.6	8	-1	6.5	-2.6
SPYD	State Street SPDR Portfolio S&P 500 High Dividend ETF	5.5	7	0	11.0	+1.9
HOMZ	Hoya Capital Housing ETF	5.5	30	-23	9.7	+0.6
DFUS	Dimensional U.S. Equity ETF	5.5	9	-2	4.7	-4.4
VLUE	iShares MSCI USA Value Factor ETF	5.5	15	-8	8.8	-0.3
QLC	FlexShares US Quality Large Cap Index Fund	5.5	25	-18	5.2	-3.9
MCOW	Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	5.5	49	-42	6.9	-2.3
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	5.5	60	-53	5.9	-3.2
VHT	Vanguard Health Care ETF	5.4	9	-2	5.5	-3.6
SCHD	Schwab US Dividend Equity ETF	5.4	6	1	10.0	+0.9
DGLO	First Trust RBA Deglobalization ETF	5.4	70	-63	6.8	-2.3
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	5.4	11	-4	4.8	-4.3
FUTY	Fidelity MSCI Utilities Index ETF	5.4	8	-1	5.0	-4.1
VPU	Vanguard Utilities ETF	5.4	9	-2	5.0	-4.1
LQPE	PEO AlphaQuest Thematic PE ETF	5.3	125	-118	6.6	-2.5
PEXL	Pacer US Export Leaders ETF	5.3	60	-53	4.6	-4.5
XSVM	Invesco S&P SmallCap Value with Momentum ETF	5.3	36	-29	11.0	+1.9
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	5.3	60	-53	6.7	-2.5
ECML	Euclidean Fundamental Value ETF	5.3	95	-88	10.7	+1.6
IWP	iShares Russell Mid-Cap Growth ETF	5.3	23	-16	3.3	-5.9
THRO	iShares U.S. Thematic Rotation Active ETF	5.3	90	-83	4.1	-5.0
MAGA	Point Bridge America First ETF	5.2	72	-65	6.3	-2.8
AVUQ	Avantis U.S. Quality ETF	5.2	15	-8	4.4	-4.8
GRPM	Invesco S&P MidCap 400 GARP ETF	5.2	35	-28	7.9	-1.3
AVRE	Avantis Real Estate ETF	5.2	17	-10	7.3	-1.9
RNIN	Bushido Capital US SMID Cap Equity ETF	5.2	70	-63	12.7	+3.6
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	5.2	79	-72	6.0	-3.1
FHLC	Fidelity MSCI Health Care Index ETF	5.2	8	-1	5.8	-3.3
ESGV	Vanguard ESG U.S. Stock ETF	5.1	9	-2	4.7	-4.5
DWAS	Invesco Dorsey Wright SmallCap Momentum ETF	5.1	60	-53	-1.0	-10.1
LYLD	Cambria Large Cap Shareholder Yield ETF	5.1	59	-52	9.8	+0.6
KBWR	Invesco KBW Regional Banking ETF	5.1	35	-28	10.2	+1.1
FDWM	Fidelity Women's Leadership ETF	5.1	59	-52	4.8	-4.3
SPVU	Invesco S&P 500 Enhanced Value ETF	5.0	13	-6	10.0	+0.9
QVAL	Alpha Architect US Quantitative Value ETF	5.0	39	-32	9.6	+0.4
GLRY	Inspire Faithward Mid Cap Momentum ETF	5.0	80	-73	6.1	-3.0
FXH	First Trust Health Care AlphaDEX Fund	5.0	62	-55	8.0	-1.2
RZV	Invesco S&P Smallcap 600 Pure Value ETF	4.9	35	-28	10.2	+1.1
FILL	iShares MSCI Global Energy Producers ETF	4.9	39	-32	11.1	+2.0
FTXO	First Trust Nasdaq Bank ETF	4.9	60	-53	8.7	-0.5
SPVM	Invesco S&P 500 Value with Momentum ETF	4.9	39	-32	7.5	-1.6
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	4.9	40	-33	5.2	-3.9
OSCV	Opus Small Cap Value ETF	4.9	79	-72	7.2	-1.9
WLDR	Affinity World Leaders Equity ETF	4.9	67	-60	7.1	-2.0
SPDV	AAM S&P 500 High Dividend Value ETF	4.8	29	-22	12.0	+2.9
AIRR	First Trust RBA American Industrial Renaissance ETF	4.8	70	-63	4.9	-4.2
IYH	iShares U.S. Healthcare ETF	4.8	40	-33	6.3	-2.9
DGRS	WisdomTree US Smallcap Quality Dividend Growth Fund	4.7	38	-31	10.1	+0.9
EQIN	Columbia US Equity Income ETF	4.7	35	-28	6.7	-2.4
BSVO	EA Bridgeway Omni Small-Cap Value ETF	4.7	47	-40	9.3	+0.1
VFLO	VictoryShares Free Cash Flow ETF	4.7	39	-32	10.1	+1.0
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	4.7	60	-53	6.4	-2.7
FCTR	First Trust Lunt U.S. Factor Rotation ETF	4.7	65	-58	2.3	-6.9
SQLV	Royce Quant Small-Cap Quality Value ETF	4.6	60	-53	9.5	+0.3
FTDS	First Trust Dividend Strength ETF	4.6	70	-63	8.6	-0.6
IWB	iShares Russell 1000 ETF	4.6	15	-8	4.8	-4.4
PFM	Invesco Dividend Achievers ETF	4.6	53	-46	5.3	-3.9
IYG	iShares US Financial Services ETF	4.5	40	-33	5.4	-3.7
VONE	Vanguard Russell 1000 ETF	4.5	7	0	4.8	-4.3
IYY	iShares Dow Jones U.S. ETF	4.5	20	-13	4.7	-4.5
VSDA	VictoryShares Dividend Accelerator ETF	4.5	35	-28	7.4	-1.7
VSLU	Applied Finance Valuation Large Cap ETF	4.5	49	-42	5.6	-3.5
RWL	Invesco S&P 500 Revenue ETF	4.4	39	-32	6.7	-2.4
SCHK	Schwab 1000 Index ETF	4.4	5	2	4.9	-4.2
FELC	Fidelity Enhanced Large Cap Core ETF	4.3	18	-11	5.2	-4.0
GQQQ	Astoria US Quality Growth Kings ETF	4.3	35	-28	4.6	-4.5
SMDV	ProShares Russell 2000 Dividend Growers ETF	4.3	40	-33	7.9	-1.2
KIE	State Street SPDR S&P Insurance ETF	4.3	35	-28	6.9	-2.2
EVUS	iShares ESG Aware MSCI USA Value ETF	4.3	18	-11	6.5	-2.7
QLV	FlexShares US Quality Low Volatility Index Fund	4.2	22	-15	5.7	-3.5
TMDV	ProShares Russell US Dividend Growers ETF	4.2	35	-28	7.0	-2.1
FTEC	Fidelity MSCI Information Technology Index ETF	4.2	8	-1	3.8	-5.3
XLI	The Industrial Select Sector SPDR Fund	4.2	8	-1	4.4	-4.7
VRAI	Virtus Real Asset Income ETF	4.1	55	-48	10.6	+1.5
HAPS	Harbor Human Capital Factor US Small Cap ETF	4.1	60	-53	3.8	-5.3
ONEQ	Fidelity Nasdaq Composite Index ETF	4.1	21	-14	3.7	-5.5
FXL	First Trust Technology AlphaDEX Fund	4.1	61	-54	5.8	-3.4
PEY	Invesco High Yield Equity Dividend Achievers ETF	4.0	52	-45	10.3	+1.1
FXZ	First Trust Materials AlphaDEX Fund	3.9	61	-54	9.6	+0.4
VIG	Vanguard Dividend Appreciation ETF	3.9	5	2	5.5	-3.6
GQRE	FlexShares Global Quality Real Estate Index Fund	3.9	45	-38	7.9	-1.2
IAT	iShares U.S. Regional Banks ETF	3.9	40	-33	9.8	+0.6
PYZ	Invesco Dorsey Wright Basic Materials Momentum ETF	3.9	60	-53	5.4	-3.8
DVOL	First Trust Dorsey Wright Momentum & Low Volatility ETF	3.9	60	-53	4.1	-5.0
VGT	Vanguard Information Technology ETF	3.9	9	-2	3.8	-5.3
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	3.9	50	-43	8.7	-0.4
RAFE	PIMCO RAFI ESG U.S. ETF	3.9	29	-22	6.9	-2.3
AIVL	WisdomTree U.S. AI Enhanced Value Fund	3.9	38	-31	6.4	-2.7
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	3.9	95	-88	0.2	-8.9
WBIY	WBI Power Factor High Dividend ETF	3.9	100	-93	13.8	+4.7
RDVY	First Trust Rising Dividend Achievers ETF	3.8	50	-43	6.3	-2.8
FSST	Fidelity Sustainable U.S. Equity ETF	3.8	59	-52	4.2	-5.0
MMTM	State Street SPDR S&P 1500 Momentum Tilt ETF	3.8	12	-5	3.9	-5.2
IDU	iShares U.S. Utilities ETF	3.8	40	-33	4.6	-4.6
SMRI	Bushido Capital US Equity ETF	3.8	71	-64	10.0	+0.8
FXU	First Trust Utilities AlphaDEX Fund	3.8	64	-57	5.5	-3.7
XSMO	Invesco S&P SmallCap Momentum ETF	3.8	39	-32	4.5	-4.7
BLDG	Cambria Global Real Estate ETF	3.8	60	-53	11.5	+2.4
DFLV	Dimensional US Large Cap Value ETF	3.7	22	-15	7.5	-1.6
XSLV	Invesco S&P SmallCap Low Volatility ETF	3.7	25	-18	9.0	-0.1
SMAP	Amplify Small-Mid Cap Equity ETF	3.7	60	-53	5.6	-3.6
RCGE	RockCreek Global Equality ETF	3.7	95	-88	6.6	-2.6
PY	Principal Value ETF	3.7	15	-8	7.3	-1.9
DFVX	Dimensional US Large Cap Vector ETF	3.7	22	-15	6.3	-2.9
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	3.7	15	-8	4.6	-4.6
XRT	State Street SPDR S&P Retail ETF	3.7	35	-28	8.8	-0.3
FSTA	FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF	3.6	8	-1	6.1	-3.0
VDC	Vanguard Consumer Staples ETF	3.6	9	-2	6.1	-3.0
KRMA	Global X Conscious Companies ETF	3.6	43	-36	5.9	-3.3
VT	Vanguard Total World Stock ETF	3.6	6	1	5.6	-3.5
EIPI	FT Energy Income Partners Enhanced Income ETF	3.5	110	-103	7.0	-2.1
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.5	38	-31	7.7	-1.4
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd ETF	3.5	35	-28	7.8	-1.4
RIET	Hoya Capital High Dividend Yield ETF	3.5	50	-43	52.9	+43.8
IAK	iShares U.S. Insurance ETF	3.4	40	-33	7.2	-1.9
VBK	Vanguard Small-Cap Growth ETF	3.4	7	0	1.8	-7.4
FENY	Fidelity MSCI Energy Index ETF	3.4	8	-1	9.1	-0.1
VDE	Vanguard Energy ETF	3.4	9	-2	9.0	-0.2
IYM	iShares U.S. Basic Materials ETF	3.4	40	-33	6.1	-3.1
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	3.4	20	-13	4.9	-4.2
FITE	State Street SPDR S&P Kensho Future Security ETF	3.4	45	-38	1.5	-7.6
SCHX	Schwab U.S. Large-Cap ETF	3.4	3	4	4.9	-4.3
RPG	Invesco S&P 500 Pure Growth ETF	3.3	35	-28	3.3	-5.8
TCV	Towle Value ETF	3.3	85	-78	11.5	+2.4
IQRA	IQ CBRE Real Assets ETF	3.3	65	-58	5.6	-3.5
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	3.3	15	-8	4.1	-5.1
YOKE	Yoke Core ETF	3.3	42	-35	5.0	-4.2
DSI	iShares MSCI KLD 400 Social ETF	3.3	25	-18	4.8	-4.4
RAYD	Rayliant Quantitative Developed Market Equity ETF	3.3	80	-73	4.3	-4.8
MBOX	Freedom Day Dividend ETF	3.3	39	-32	7.7	-1.4
VFMV	Vanguard U.S. Minimum Volatility ETF	3.3	13	-6	5.9	-3.3
EIPX	FT Energy Income Partners Strategy ETF	3.2	95	-88	8.2	-0.9
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	3.2	35	-28	6.3	-2.9
PSCI	Invesco S&P SmallCap Industrials ETF	3.2	29	-22	5.7	-3.4
VOOV	Vanguard S&P 500 Value ETF	3.2	7	0	6.1	-3.0
QDIV	Global X S&P 500 Quality Dividend ETF	3.2	20	-13	9.0	-0.1
IVE	iShares S&P 500 Value ETF	3.2	18	-11	6.1	-3.1
XSHQ	Invesco S&P SmallCap Quality ETF	3.2	29	-22	7.7	-1.4
SPYV	State Street SPDR Portfolio S&P 500 Value ETF	3.2	4	3	6.2	-3.0
EMLP	First Trust North American Energy Infrastructure Fund	3.2	95	-88	5.8	-3.3
SNPV	Xtrackers S&P 500 Value ESG ETF	3.2	15	-8	6.8	-2.3
SAGP	Strategas Global Policy Opportunities ETF	3.2	65	-58	5.4	-3.7
FTXR	First Trust Nasdaq Transportation ETF	3.2	60	-53	8.6	-0.6
FPWR	First Trust EIP Power Solutions ETF	3.2	96	-89	4.1	-5.0
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	3.2	35	-28	6.1	-3.0
FIW	First Trust Water ETF	3.2	53	-46	4.9	-4.2
CVAR	Cultivar ETF	3.1	87	-80	6.9	-2.2
JHDV	John Hancock U.S. High Dividend ETF	3.1	34	-27	6.7	-2.5
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	3.1	40	-33	7.8	-1.3
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	3.1	30	-23	10.3	+1.2
FPX	First Trust US Equity Opportunities ETF	3.1	61	-54	1.0	-8.1
PUI	Invesco Dorsey Wright Utilities Momentum ETF	3.1	60	-53	4.6	-4.5
RSMC	Rockefeller U.S. Small-Mid Cap ETF	3.0	75	-68	4.5	-4.6
RSPD	Invesco S&P 500 Equal Weight Consumer Discretionary ETF	3.0	40	-33	6.2	-2.9
MILN	Global X Millennial Consumer ETF	3.0	50	-43	4.1	-5.0
XHB	State Street SPDR S&P Homebuilders ETF	3.0	35	-28	11.4	+2.3
ABLD	Abacus FCF Real Assets Leaders ETF	3.0	69	-62	6.7	-2.5
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	3.0	15	-8	6.6	-2.6
COPY	Tweedy, Browne Insider + Value ETF	3.0	80	-73	11.7	+2.6
DIVN	Horizon Dividend Income ETF	3.0	70	-63	7.9	-1.3
VGSR	Vert Global Sustainable Real Estate ETF	2.9	47	-40	7.6	-1.5
GURU	Global X Guru Index ETF	2.9	75	-68	3.0	-6.1
XT	iShares Exponential Technologies ETF	2.9	46	-39	4.5	-4.6
RUNN	Running Oak Efficient Growth ETF	2.9	58	-51	5.1	-4.0
DEMZ	Democratic Large Cap Core ETF	2.9	45	-38	4.4	-4.8
FYC	First Trust Small Cap Growth AlphaDEX Fund	2.9	71	-64	-1.6	-10.7
FQAL	Fidelity Quality Factor ETF	2.9	15	-8	5.7	-3.5
IYT	iShares US Transportation ETF	2.9	40	-33	5.2	-3.9
XTN	State Street SPDR S&P Transportation ETF	2.9	35	-28	4.3	-4.8
FTC	First Trust Large Cap Growth AlphaDEX Fund	2.9	59	-52	2.0	-7.2
USXF	iShares ESG Advanced MSCI USA ETF	2.8	10	-3	4.7	-4.5
SPHQ	Invesco S&P 500 Quality ETF	2.8	15	-8	5.6	-3.6
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	2.8	60	-53	7.9	-1.2
FPRO	Fidelity Real Estate Investment ETF	2.8	59	-52	6.7	-2.4
CCFE	Concourse Capital Focused Equity ETF	2.8	95	-88	3.4	-5.8
IYK	iShares U.S. Consumer Staples ETF	2.8	40	-33	6.6	-2.5
SCDV	Bahl & Gaynor Small Cap Dividend ETF	2.8	70	-63	4.9	-4.3
PPA	Invesco Aerospace & Defense ETF	2.8	58	-51	2.3	-6.8
TRFM	AAM Transformers ETF	2.8	49	-42	1.2	-7.9
HART	IQ Healthy Hearts ETF	2.8	45	-38	6.4	-2.8
UPGD	Invesco Bloomberg Analyst Rating Improvers ETF	2.8	40	-33	6.1	-3.1
XLY	The Consumer Discretionary Select Sector SPDR Fund	2.7	8	-1	4.9	-4.3
HTEC	ROBO Global Healthcare Technology and Innovation ETF	2.7	68	-61	2.2	-6.9
FELG	Fidelity Enhanced Large Cap Growth ETF	2.7	18	-11	4.6	-4.5
IBBQ	Invesco Nasdaq Biotechnology ETF	2.7	19	-12	0.3	-8.8
HAIL	State Street SPDR S&P Kensho Smart Mobility ETF	2.7	45	-38	1.3	-7.8
RFDA	RiverFront Dynamic US Dividend Advantage ETF	2.7	52	-45	6.2	-3.0
KCE	State Street SPDR S&P Capital Markets ETF	2.7	35	-28	6.3	-2.9
PHO	Invesco Water Resources ETF	2.7	60	-53	4.8	-4.4
GDIV	Harbor Dividend Growth Leaders ETF	2.7	50	-43	5.2	-3.9
FCOM	Fidelity MSCI Communication Services Index ETF	2.7	8	-1	4.7	-4.4
VOX	Vanguard Communication Services ETF	2.7	9	-2	4.9	-4.3
SPLV	Invesco S&P 500 Low Volatility ETF	2.6	25	-18	5.5	-3.6
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	2.6	25	-18	5.5	-3.6
ZIG	Acquirers Fund	2.6	84	-77	20.7	+11.6
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	2.6	75	-68	2.8	-6.3
HDV	iShares Core High Dividend ETF	2.6	8	-1	7.1	-2.0
SUSA	iShares MSCI USA ESG Select ETF	2.6	25	-18	4.6	-4.6
IUSG	iShares Core S&P U.S. Growth ETF	2.6	4	3	4.1	-5.0
XLV	The Health Care Select Sector SPDR Fund	2.6	8	-1	7.1	-2.1
PSCD	Invesco S&P SmallCap Consumer Discretionary ETF	2.6	29	-22	10.3	+1.2
ROBO	ROBO Global Robotics & Automation Index ETF	2.6	95	-88	3.1	-6.0
ABFL	Abacus FCF Leaders ETF	2.5	59	-52	4.9	-4.3
GSPY	Gotham Enhanced 500 ETF	2.5	50	-43	5.0	-4.1
FDMO	Fidelity Momentum Factor ETF	2.5	15	-8	3.6	-5.6
SPXT	ProShares S&P 500 Ex-Technology ETF	2.5	9	-2	5.5	-3.6
EGLE	Global X S&P 500 U.S. Revenue Leaders ETF	2.5	19	-12	5.4	-3.8
EXI	iShares Global Industrials ETF	2.5	42	-35	4.3	-4.8
IBUY	Amplify Online Retail ETF	2.5	65	-58	2.6	-6.6
HAPY	Harbor Human Capital Factor Unconstrained ETF	2.5	50	-43	5.8	-3.4
JXI	iShares Global Utilities ETF	2.5	43	-36	5.4	-3.7
RSPU	Invesco S&P 500 Equal Weight Utilities ETF	2.5	40	-33	5.3	-3.9
XLU	The Utilities Select Sector SPDR Fund	2.5	8	-1	4.9	-4.2
TEMP	JPMorgan Climate Change Solutions ETF	2.5	49	-42	5.6	-3.5
FTXH	First Trust Nasdaq Pharmaceuticals ETF	2.5	60	-53	8.4	-0.7
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	2.5	49	-42	4.8	-4.4
STXD	Strive 1000 Dividend Growth ETF	2.5	35	-28	4.9	-4.2
SGLC	SGI U.S. Large Cap Core ETF	2.5	85	-78	4.1	-5.1
DFNV	Donoghue Forlines Innovation ETF	2.5	69	-62	4.3	-4.8
IYE	iShares U.S. Energy ETF	2.5	40	-33	8.9	-0.2
FMKT	The Free Markets ETF	2.5	76	-69	3.5	-5.6
QABA	First Trust NASDAQ ABA Community Bank Index Fund	2.5	60	-53	9.5	+0.4
ILCV	iShares Morningstar Value ETF	2.5	4	3	6.3	-2.9
PSR	Invesco Active U.S. Real Estate Fund	2.5	35	-28	8.0	-1.2
ANEW	ProShares MSCI Transformational Changes ETF	2.5	45	-38	5.1	-4.0
CCSO	Carbon Collective Climate Solutions US Equity ETF	2.5	35	-28	1.2	-7.9
ACWV	iShares MSCI Global Min Vol Factor ETF	2.4	20	-13	5.9	-3.2
RSPT	Invesco S&P 500 Equal Weight Technology ETF	2.4	40	-33	5.5	-3.6
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	2.4	29	-22	4.6	-4.5
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	2.4	46	-39	5.6	-3.6
ACVF	American Conservative Values ETF	2.4	75	-68	4.2	-4.9
UDI	USCF Dividend Income Fund	2.4	65	-58	8.2	-0.9
EPS	WisdomTree U.S. LargeCap Fund	2.4	8	-1	5.6	-3.5
MDCP	VictoryShares THB Mid Cap ESG ETF	2.4	55	-48	5.7	-3.4
DUHP	Dimensional US High Profitability ETF	2.4	21	-14	6.2	-2.9
ITB	iShares U.S. Home Construction ETF	2.3	40	-33	12.0	+2.9
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	2.3	10	-3	4.9	-4.3
ESGU	iShares ESG Aware MSCI USA ETF	2.3	15	-8	4.6	-4.5
PRN	Invesco Dorsey Wright Industrials Momentum ETF	2.3	60	-53	1.9	-7.2
QUAL	iShares MSCI USA Quality Factor ETF	2.3	15	-8	5.4	-3.7
KONG	Formidable Fortress ETF	2.3	89	-82	6.2	-2.9
IBB	iShares Biotechnology ETF	2.3	45	-38	-0.1	-9.2
QMOM	Alpha Architect U.S. Quantitative Momentum ETF	2.3	39	-32	2.8	-6.3
FXN	First Trust Energy AlphaDEX Fund	2.3	62	-55	15.0	+5.9
RZG	Invesco S&P Smallcap 600 Pure Growth ETF	2.3	35	-28	3.8	-5.4
QQQS	Invesco NASDAQ Future Gen 200 ETF	2.3	20	-13	-4.6	-13.7
PKB	Invesco Building & Construction ETF	2.3	62	-55	4.2	-4.9
APUE	ActivePassive U.S. Equity ETF	2.3	45	-38	4.6	-4.5
JPRE	JPMorgan Realty Income ETF	2.2	50	-43	8.8	-0.3
TPYP	Tortoise North American Pipeline Fund	2.2	40	-33	6.0	-3.2
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	2.2	40	-33	13.3	+4.2
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	2.2	35	-28	14.4	+5.3
DIVG	Invesco S&P 500 High Dividend Growers ETF	2.2	39	-32	8.5	-0.7
PSL	Invesco Dorsey Wright Consumer Staples Momentum ETF	2.2	60	-53	6.6	-2.6
MVAL	VanEck Morningstar Wide Moat Value ETF	2.2	49	-42	7.1	-2.0
BLCV	iShares Large Cap Value Active ETF	2.2	53	-46	7.5	-1.7
GLOF	iShares Global Equity Factor ETF	2.2	20	-13	6.6	-2.6
GNR	SPDR S&P Global Natural Resources ETF	2.2	40	-33	10.2	+1.0
JSML	Janus Henderson Small Cap Growth Alpha ETF	2.2	30	-23	8.1	-1.1
RAUS	RACWI US ETF	2.2	15	-8	4.6	-4.5
CCNR	ALPS CoreCommodity Natural Resources ETF	2.2	39	-32	9.0	-0.1
DSPY	Tema S&P 500 Historical Weight ETF	2.2	18	-11	5.1	-4.0
TOPC	iShares S&P 500 3% Capped ETF	2.2	15	-8	5.0	-4.1
NULC	Nuveen ESG Large-Cap ETF	2.2	21	-14	4.6	-4.5
SAWS	AAM Sawgrass US Small Cap Quality Growth ETF	2.2	55	-48	4.2	-4.9
PEZ	Invesco Dorsey Wright Consumer Cyclicals Momentum ETF	2.2	60	-53	1.5	-7.6
AIPO	Defiance AI & Power Infrastructure ETF	2.2	69	-62	1.3	-7.8
LOWV	AB US Low Volatility Equity ETF	2.2	48	-41	5.2	-3.9
SRET	Global X SuperDividend REIT ETF	2.2	59	-52	12.2	+3.1
LCLG	Logan Capital Broad Innovative Growth ETF	2.2	99	-92	4.0	-5.1
QUS	State Street SPDR MSCI USA StrategicFactors ETF	2.2	15	-8	5.6	-3.5
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	2.2	65	-58	1.9	-7.3
FTXN	First Trust Nasdaq Oil & Gas ETF	2.2	60	-53	12.2	+3.1
SIMS	State Street SPDR S&P Kensho Intelligent Structures ETF	2.2	45	-38	4.7	-4.4
AMID	Argent Mid Cap ETF Argent Mid Cap ETF	2.1	52	-45	6.1	-3.1
SIXS	ETC 6 Meridian Small Cap Equity ETF	2.1	89	-82	9.6	+0.5
LGDX	Intech S&P Large Cap Diversified Alpha ETF	2.1	25	-18	5.1	-4.0
VUSE	Vident U.S. Equity Strategy ETF	2.1	50	-43	4.3	-4.9
IVRA	Invesco Real Assets ESG ETF	2.1	59	-52	6.4	-2.7
SPXM	Azoria 500 Meritocracy ETF	2.1	47	-40	4.4	-4.7
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	2.1	10	-3	5.1	-4.0
XHS	State Street SPDR S&P Health Care Services ETF	2.1	35	-28	4.2	-5.0
MISL	First Trust Indxx Aerospace & Defense ETF	2.1	60	-53	2.0	-7.2
DESK	VanEck Office and Commercial REIT ETF	2.1	50	-43	17.6	+8.5
ZAP	Global X U.S. Electrification ETF	2.1	50	-43	3.7	-5.5
SHPP	Pacer Industrials and Logistics ETF	2.1	60	-53	8.0	-1.1
PSET	Principal Quality ETF	2.1	15	-8	5.3	-3.8
MOAT	VanEck Morningstar Wide Moat ETF	2.1	46	-39	6.3	-2.9
HAP	VanEck Natural Resources ETF	2.1	50	-43	8.7	-0.4
CSMD	Congress SMid Growth ETF	2.1	69	-62	3.7	-5.5
CAFG	Pacer US Small Cap Cash Cows Growth Leaders ETF	2.1	59	-52	6.4	-2.7
FXG	First Trust Consumer Staples AlphaDEX Fund	2.1	63	-56	8.8	-0.4
FBCG	Fidelity Blue Chip Growth ETF	2.0	59	-52	2.8	-6.3
CHRI	Global X S&P 500 Christian Values ETF	2.0	29	-22	4.5	-4.6
DRLL	Strive U.S. Energy ETF	2.0	41	-34	10.2	+1.1
LNGX	Global X U.S. Natural Gas ETF	2.0	45	-38	13.1	+3.9
NULV	Nuveen ESG Large-Cap Value ETF	2.0	26	-19	6.3	-2.9
FMTM	MarketDesk Focused U.S. Momentum ETF	2.0	45	-38	2.9	-6.2
SCOW	Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	2.0	59	-52	9.7	+0.5
IXJ	iShares Global Healthcare ETF	2.0	42	-35	6.6	-2.5
XHE	State Street SPDR S&P Health Care Equipment ETF	2.0	35	-28	3.4	-5.8
KBWP	Invesco KBW Property & Casualty Insurance ETF	2.0	35	-28	7.1	-2.0
SPGP	Invesco S&P 500 GARP ETF	2.0	34	-27	6.7	-2.4
DIV	Global X SuperDividend US ETF	2.0	45	-38	10.7	+1.6
FCG	First Trust Natural Gas ETF	2.0	60	-53	18.6	+9.4
BBUS	JP Morgan Betabuilders U.S. Equity ETF	2.0	2	5	4.9	-4.3
SPXN	ProShares S&P 500 Ex-Financials ETF	2.0	9	-2	4.8	-4.4
BGDV	Bahl & Gaynor Dividend ETF	2.0	45	-38	4.7	-4.4
RSPM	Invesco S&P 500 Equal Weight Materials ETF	2.0	40	-33	8.0	-1.1
DURA	VanEck Durable High Dividend ETF	2.0	29	-22	7.5	-1.7
SSPX	Janus Henderson U.S. Sustainable Equity ETF	1.9	55	-48	4.3	-4.8
CATH	Global X S&P 500 Catholic Values Custom ETF	1.9	29	-22	4.6	-4.6
QVML	Invesco S&P 500 QVM Multi-factor ETF	1.9	11	-4	5.0	-4.2
IHF	iShares U.S. Healthcare Providers ETF	1.9	40	-33	7.9	-1.2
FFOX	FundX Future Fund Opportunities ETF	1.9	100	-93	4.1	-5.0
GRPZ	Invesco S&P SmallCap 600 GARP ETF	1.9	35	-28	7.5	-1.7
PRAY	FIS Christian Stock Fund	1.9	69	-62	5.1	-4.1
SPXE	ProShares S&P 500 Ex-Energy ETF	1.9	9	-2	4.7	-4.4
UTES	Virtus Reaves Utilities ETF	1.9	49	-42	3.9	-5.2
ILCB	iShares Morningstar U.S. Equity ETF	1.9	3	4	4.8	-4.4
IGM	iShares Expanded Tech Sector ETF	1.9	41	-34	3.7	-5.5
KOKU	Xtrackers MSCI Kokusai Equity ETF	1.9	9	-2	5.0	-4.1
VEGN	US Vegan Climate ETF	1.9	60	-53	4.5	-4.7
RXI	iShares Global Consumer Discretionary ETF	1.9	41	-34	8.1	-1.0
PSCT	Invesco S&P SmallCap Information Technology ETF	1.9	29	-22	4.4	-4.7
HUSV	First Trust Horizon Managed Volatility Domestic ETF	1.9	70	-63	5.0	-4.2
PBUS	Invesco MSCI USA ETF	1.8	4	3	4.8	-4.4
SPY	SPDR S&P 500 ETF	1.8	9	-2	4.8	-4.4
IVV	iShares Core S&P 500 ETF	1.8	3	4	4.8	-4.3
SPYM	State Street SPDR Portfolio S&P 500 ETF	1.8	2	5	4.8	-4.3
VOO	Vanguard S&P 500 ETF	1.8	3	4	4.8	-4.3
IRET	iREIT - MarketVector Quality REIT Index ETF	1.8	60	-53	7.1	-2.0
VOE	Vanguard Mid-Cap Value ETF	1.8	7	0	7.7	-1.4
CHGX	AXS Change Finance ESG ETF	1.8	49	-42	5.2	-4.0
WOMN	Impact Shares YWCA Women's Empowerment ETF	1.8	75	-68	5.5	-3.6
STXG	Strive 1000 Growth ETF	1.8	18	-11	3.8	-5.3
DIVY	Sound Equity Dividend Income ETF	1.8	45	-38	9.9	+0.8
XMAG	Defiance Large Cap ex-Mag 7 ETF	1.8	35	-28	5.1	-4.0
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	1.8	40	-33	8.3	-0.9
XLRE	Real Estate Select Sector SPDR Fund	1.8	8	-1	7.9	-1.3
NANC	Unusual Whales Subversive Democratic Trading ETF	1.8	75	-68	3.5	-5.6
NVIR	Horizon Kinetics Energy and Remediation ETF	1.8	85	-78	6.6	-2.6
SPXV	ProShares S&P 500 Ex-Health Care ETF	1.8	9	-2	4.6	-4.6
MXI	iShares Global Materials ETF	1.8	41	-34	7.0	-2.1
XLB	The Materials Select Sector SPDR Fund	1.8	8	-1	6.5	-2.7
EBLU	Ecofin Global Water ESG Fund	1.8	40	-33	4.4	-4.7
SPYX	State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	1.8	20	-13	4.6	-4.6
SNPE	Xtrackers S&P 500 ESG ETF	1.8	10	-3	4.9	-4.2
MVPA	Miller Value Partners Appreciation ETF	1.8	60	-53	9.0	-0.1
FTXG	First Trust Nasdaq Food & Beverage ETF	1.8	60	-53	8.2	-0.9
FDRR	Fidelity Dividend ETF for Rising Rates	1.8	15	-8	6.8	-2.4
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	1.8	46	-39	9.4	+0.2
SUSL	iShares ESG MSCI USA Leaders ETF	1.8	10	-3	4.8	-4.3
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.7	12	-5	5.0	-4.2
SIXG	Defiance Connective Technologies ETF	1.7	30	-23	3.8	-5.3
GSFP	Goldman Sachs Future Planet Equity ETF	1.7	75	-68	4.2	-4.9
XME	State Street SPDR S&P Metals & Mining ETF	1.7	35	-28	6.8	-2.4
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETF	1.7	30	-23	17.3	+8.2
FDLO	Fidelity Low Volatility Factor ETF	1.7	15	-8	5.4	-3.7
PABU	iShares Paris-Aligned Climate MSCI USA ETF	1.7	10	-3	4.3	-4.8
OALC	OneAscent Large Cap Core ETF	1.7	86	-79	4.0	-5.1
GQI	Natixis Gateway Quality Income ETF	1.7	34	-27	5.0	-4.1
SHE	State Street SPDR MSCI USA Gender Diversity ETF	1.7	20	-13	5.0	-4.2
VOLT	Tema Electrification ETF	1.7	75	-68	3.4	-5.7
ICF	iShares Cohen & Steers REIT ETF	1.7	33	-26	8.0	-1.2
TRFK	Pacer Data and Digital Revolution ETF	1.7	60	-53	2.8	-6.3
FLV	American Century Focused Large Cap Value ETF	1.7	42	-35	6.8	-2.4
INRO	iShares U.S. Industry Rotation Active ETF	1.7	42	-35	4.3	-4.8
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	1.7	75	-68	4.0	-5.2
QWLD	SPDR MSCI World StrategicFactors ETF	1.7	30	-23	5.7	-3.4
HELX	Franklin Genomic Advancements ETF	1.7	50	-43	-0.4	-9.5
MDEV	First Trust Indxx Medical Devices ETF	1.7	70	-63	4.7	-4.5
AIEQ	AI Powered Equity ETF	1.6	75	-68	4.8	-4.3
SPMO	Invesco S&P 500 Momentum ETF	1.6	13	-6	3.8	-5.3
PXE	Invesco Energy Exploration & Production ETF	1.6	60	-53	16.3	+7.1
OCEN	IQ Clean Oceans ETF	1.6	45	-38	5.1	-4.0
NETL	NETLease Corporate Real Estate ETF	1.6	60	-53	8.6	-0.5
SDOG	ALPS Sector Dividend Dogs ETF	1.6	36	-29	9.6	+0.5
NATO	Themes Transatlantic Defense ETF	1.6	35	-28	2.3	-6.9
TMFE	Motley Fool Capital Efficiency 100 Index ETF	1.6	50	-43	4.3	-4.8
RITA	ETFB Green SRI REITs ETF	1.6	50	-43	5.7	-3.4
XVV	iShares ESG Screened S&P 500 ETF	1.6	8	-1	4.7	-4.4
REZ	iShares Residential and Multisector Real Estate ETF	1.6	48	-41	6.4	-2.7
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	1.6	25	-18	5.9	-3.3
VOTE	TCW Transform 500 ETF	1.6	5	2	4.8	-4.4
XBI	State Street SPDR S&P Biotech ETF	1.6	35	-28	-2.1	-11.3
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	1.5	58	-51	4.2	-4.9
BMED	Future Health ETF	1.5	85	-78	0.3	-8.8
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	1.5	60	-53	7.4	-1.8
JGRO	JPMorgan Active Growth ETF	1.5	44	-37	3.5	-5.7
AGNG	Global X Aging Population ETF	1.5	50	-43	4.6	-4.6
CBSE	Clough Select Equity ETF	1.5	85	-78	0.8	-8.4
IYW	iShares U.S. Technology ETF	1.5	40	-33	3.8	-5.4
CGGR	Capital Group Growth ETF	1.5	39	-32	3.3	-5.8
CGW	Invesco S&P Global Water Index ETF	1.5	57	-50	4.6	-4.5
FDVV	Fidelity High Dividend ETF	1.5	15	-8	7.5	-1.6
MGMT	Ballast Small/Mid Cap ETF	1.5	110	-103	8.6	-0.6
CARZ	First Trust NASDAQ Global Auto Index Fund	1.5	70	-63	4.1	-5.1
KBWY	Invesco KBW Premium Yield Equity REIT ETF	1.5	35	-28	7.3	-1.8
NZUS	State Street SPDR MSCI USA Climate Paris Aligned ETF	1.5	10	-3	4.2	-4.9
VERS	ProShares Metaverse ETF	1.5	58	-51	0.1	-9.0
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	1.5	32	-25	4.9	-4.2
DTEC	ALPS Disruptive Technologies ETF	1.5	50	-43	3.6	-5.5
GXPD	Global X PureCap MSCI Consumer Discretionary ETF	1.5	25	-18	3.8	-5.4
NEWZ	StockSnips AI-Powered Sentiment US All Cap ETF	1.4	65	-58	4.5	-4.6
SPMV	Invesco S&P 500 Minimum Variance ETF	1.4	10	-3	5.6	-3.6
SUPL	ProShares Supply Chain Logistics ETF	1.4	58	-51	10.1	+1.0
FEGE	First Eagle Global Equity ETF	1.4	79	-72	6.5	-2.6
QUVU	Hartford Quality Value ETF	1.4	46	-39	7.4	-1.7
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	1.4	45	-38	4.3	-4.8
CIBR	First Trust NASDAQ Cybersecurity ETF	1.4	60	-53	4.1	-5.1
PXI	Invesco Dorsey Wright Energy Momentum ETF	1.4	60	-53	6.6	-2.5
FFLC	Fidelity Fundamental Large Cap Core ETF	1.4	38	-31	4.5	-4.7
ABOT	Abacus FCF Innovation Leaders ETF	1.4	69	-62	5.1	-4.1
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	1.4	47	-40	5.6	-3.5
PICK	iShares MSCI Global Metals & Mining Producers ETF	1.4	39	-32	10.7	+1.6
TECB	iShares U.S. Tech Breakthrough Multisector ETF	1.4	40	-33	3.8	-5.3
BBH	VanEck Biotech ETF	1.4	35	-28	5.3	-3.8
PJP	Invesco Pharmaceuticals ETF	1.4	57	-50	7.9	-1.3
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	1.4	39	-32	-1.2	-10.4
VEGI	iShares MSCI Agriculture Producers ETF	1.4	39	-32	9.0	-0.2
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	1.4	40	-33	7.5	-1.6
XLP	The Consumer Staples Select Sector SPDR Fund	1.4	8	-1	6.4	-2.7
WDNA	WisdomTree BioRevolution Fund	1.4	45	-38	-2.3	-11.4
ROKT	State Street SPDR S&P Kensho Final Frontiers ETF	1.4	45	-38	1.9	-7.3
TOK	iShares MSCI Kokusai ETF	1.4	26	-19	4.9	-4.3
XTL	State Street SPDR S&P Telecom ETF	1.4	35	-28	1.6	-7.5
JRE	Janus Henderson U.S. Real Estate ETF	1.4	65	-58	7.9	-1.2
GINX	SGI Enhanced Global Income ETF	1.4	98	-91	7.9	-1.2
SWP	SWP Growth & Income ETF	1.4	99	-92	4.1	-5.1
TDIV	First Trust NASDAQ Technology Dividend Index Fund	1.4	50	-43	5.5	-3.6
ILCG	iShares Morningstar Growth ETF	1.4	4	3	3.7	-5.4
PFI	Invesco Dorsey Wright Financial Momentum ETF	1.4	60	-53	4.9	-4.3
BKLC	BNY Mellon US Large Cap Core Equity ETF	1.4	0	7	4.8	-4.3
DRIV	Global X Autonomous & Electric Vehicles ETF	1.4	68	-61	4.5	-4.6
BKWO	BNY Mellon Women's Opportunities ETF	1.3	50	-43	3.7	-5.4
RSPF	Invesco S&P 500 Equal Weight Financials ETF	1.3	40	-33	6.7	-2.4
URTH	iShares MSCI World ETF	1.3	24	-17	4.9	-4.2
KXI	iShares Global Consumer Staples ETF	1.3	41	-34	5.8	-3.4
CLNR	IQ Cleaner Transport ETF	1.3	45	-38	5.0	-4.1
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	1.3	9	-2	5.4	-3.7
HLAL	Wahed FTSE USA Shariah ETF	1.3	50	-43	4.6	-4.6
MOO	VanEck Agribusiness ETF	1.3	53	-46	10.7	+1.5
KBWB	Invesco KBW Bank ETF	1.3	35	-28	7.8	-1.4
KOCG	FIS Knights of Columbus Global Belief ETF	1.3	75	-68	4.8	-4.3
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	1.3	18	-11	5.8	-3.3
PSCM	Invesco S&P SmallCap Materials ETF	1.3	29	-22	12.7	+3.6
FTXL	First Trust Nasdaq Semiconductor ETF	1.3	60	-53	4.5	-4.7
INCE	Franklin Income Equity Focus ETF	1.3	29	-22	5.9	-3.3
QTUM	Defiance Quantum ETF	1.3	40	-33	5.1	-4.0
EFRA	iShares Environmental Infrastructure and Industrials ETF	1.3	47	-40	5.3	-3.9
USCA	Xtrackers MSCI USA Climate Action Equity ETF	1.3	7	0	5.0	-4.1
INDS	Pacer Industrial Real Estate ETF	1.3	55	-48	6.7	-2.4
RDOG	ALPS REIT Dividend Dogs ETF	1.3	35	-28	10.5	+1.4
TMFM	Motley Fool Mid-Cap Growth ETF	1.3	85	-78	3.1	-6.1
FBT	First Trust NYSE Arca Biotechnology Index Fund	1.3	56	-49	3.0	-6.2
USMV	iShares MSCI USA Min Vol Factor ETF	1.2	15	-8	5.8	-3.4
BUZZ	VanEck Social Sentiment ETF	1.2	75	-68	-1.0	-10.1
EQRR	ProShares Equities for Rising Rates ETF	1.2	35	-28	7.8	-1.3
VO	Vanguard Mid-Cap ETF	1.2	4	3	5.9	-3.2
RJMG	FT Raymond James Multicap Growth Equity ETF	1.2	85	-78	2.9	-6.2
LEAD	Siren DIVCON Leaders Dividend ETF	1.2	43	-36	4.3	-4.8
PIO	Invesco Global Water ETF	1.2	75	-68	4.3	-4.9
KBWD	Invesco KBW High Dividend Yield Financial ETF	1.2	384	-377	13.9	+4.8
PSCU	Invesco S&P SmallCap Utilities & Communication Services ETF	1.2	29	-22	4.5	-4.6
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	1.2	56	-49	6.2	-3.0
IHE	iShares U.S. Pharmaceuticals ETF	1.2	40	-33	6.9	-2.3
XPH	State Street SPDR S&P Pharmaceuticals ETF	1.2	35	-28	1.5	-7.6
PBE	Invesco Biotechnology & Genome ETF	1.2	58	-51	1.6	-7.5
AQWA	Global X Clean Water ETF	1.2	50	-43	5.0	-4.1
ACWI	iShares MSCI ACWI ETF	1.2	32	-25	5.3	-3.9
POWA	Invesco Bloomberg Pricing Power ETF	1.2	40	-33	5.9	-3.2
FTWO	Strive FAANG 2.0 ETF	1.2	49	-42	4.3	-4.8
MOTG	VanEck Morningstar Global Wide Moat ETF	1.2	52	-45	8.6	-0.5
TMAT	Main Thematic Innovation ETF	1.2	164	-157	-1.5	-10.6
IQSU	IQ Candriam U.S. Large Cap Equity ETF	1.2	9	-2	4.8	-4.3
CRBN	iShares MSCI ACWI Low Carbon Target ETF	1.2	20	-13	5.4	-3.7
PTH	Invesco Dorsey Wright Healthcare Momentum ETF	1.1	60	-53	-1.0	-10.1
EATZ	AdvisorShares Restaurant ETF	1.1	101	-94	8.1	-1.1
DUSA	Davis Select U.S. Equity ETF	1.1	61	-54	7.5	-1.7
TOV	JLens 500 Jewish Advocacy U.S. ETF	1.1	18	-11	4.6	-4.6
VNSE	Natixis Vaughan Nelson Select ETF	1.1	80	-73	4.6	-4.5
EKG	First Trust Nasdaq Lux Digital Health Solutions ETF	1.1	65	-58	0.8	-8.3
EMOT	First Trust S&P 500 Economic Moat ETF	1.1	60	-53	8.4	-0.7
GGUS	Marketbeta Russell 1000 Growth Equity ETF	1.1	12	-5	4.6	-4.6
BBP	Virtus LifeSci Biotech Products ETF	1.1	79	-72	-1.6	-10.7
GXLC	Global X U.S. 500 ETF	1.1	2	5	4.8	-4.4
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.1	59	-52	3.8	-5.3
PSCH	Invesco S&P SmallCap Health Care ETF	1.1	29	-22	3.8	-5.3
GLBL	Pacer MSCI World Industry Advantage ETF	1.1	65	-58	4.1	-5.0
RSHO	Tema American Reshoring ETF	1.1	75	-68	4.4	-4.7
CNRG	State Street SPDR S&P Kensho Clean Power ETF	1.1	45	-38	1.5	-7.7
STRV	Strive 500 ETF	1.1	5	2	4.7	-4.4
TOLL	Tema Durable Quality ETF	1.1	75	-68	5.1	-4.0
SLX	VanEck Steel ETF	1.1	56	-49	13.6	+4.5
FTRI	First Trust Indxx Global Natural Resources Income ETF	1.1	70	-63	7.6	-1.6
GXPS	Global X PureCap MSCI Consumer Staples ETF	1.0	25	-18	5.6	-3.6
BOUT	Innovator IBD Breakout Opportunities ETF	1.0	81	-74	0.8	-8.4
SFY	SoFi Select 500 ETF	1.0	0	7	4.3	-4.8
PEJ	Invesco Leisure and Entertainment ETF	1.0	58	-51	1.1	-8.1
MAKX	ProShares S&P Kensho Smart Factories ETF	1.0	58	-51	-0.4	-9.5
IHAK	iShares Cybersecurity & Tech ETF	1.0	47	-40	4.3	-4.9
WDIV	SPDR S&P Global Dividend ETF	1.0	40	-33	8.8	-0.3
SDIV	Global X Superdividend ETF	1.0	58	-51	41.3	+32.2
FTAG	First Trust Indxx Global Agriculture ETF	1.0	70	-63	8.3	-0.9
USCF	Themes US Cash Flow Champions ETF	1.0	29	-22	8.7	-0.4
QCLN	First Trust Nasdaq Clean Edge Green Energy Index Fund	1.0	58	-51	-1.9	-11.0
KNCT	Invesco Next Gen Connectivity ETF	1.0	40	-33	4.5	-4.7
SHLD	Global X Defense Tech ETF	1.0	50	-43	3.1	-6.1
ABLG	Abacus FCF International Leaders ETF	1.0	59	-52	6.5	-2.7
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.0	40	-33	4.2	-4.9
LVOL	American Century Low Volatility ETF	1.0	29	-22	5.0	-4.1
XLK	The Technology Select Sector SPDR Fund	1.0	8	-1	4.2	-4.9
WAR	U.S. Global Tech and Aerospace & Defense ETF	1.0	60	-53	5.1	-4.1
SNSR	Global X Internet of Things ETF	1.0	68	-61	4.8	-4.3
NACP	Impact Shares NAACP Minority Empowerment ETF	1.0	49	-42	4.7	-4.5
MODL	VictoryShares WestEnd U.S. Sector ETF	1.0	42	-35	4.5	-4.6
CUT	Invesco MSCI Global Timber ETF	1.0	61	-54	11.0	+1.9
XSW	State Street SPDR S&P Software & Services ETF	1.0	35	-28	2.9	-6.2
IDRV	iShares Self-driving EV & Tech ETF	1.0	47	-40	1.3	-7.9
SOLR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	1.0	79	-72	4.8	-4.3
DWLD	Davis Select Worldwide ETF	1.0	63	-56	7.1	-2.1
AIQ	Global X Artificial Intelligence & Technology ETF	1.0	68	-61	3.5	-5.6
LCF	Touchstone US Large Cap Focused ETF	0.9	69	-62	4.2	-5.0
BRIF	FIS Bright Portfolios Focused Equity ETF	0.9	65	-58	4.5	-4.6
IHI	iShares U.S. Medical Devices ETF	0.9	40	-33	4.0	-5.2
ALIL	Argent Focused Small Cap ETF	0.9	74	-67	6.6	-2.5
XITK	State Street SPDR FactSet Innovative Technology ETF	0.9	45	-38	-0.1	-9.2
SPAM	Themes Cybersecurity ETF	0.9	35	-28	2.4	-6.8
MTUM	iShares MSCI USA Momentum Factor ETF	0.9	15	-8	3.6	-5.5
LRND	IQ U.S. Large Cap R&D Leaders ETF	0.9	14	-7	5.0	-4.1
GNOM	Global X Genomics & Biotechnology ETF	0.9	50	-43	-2.8	-11.9
MOTO	SmartETFs Smart Transportation & Technology ETF	0.9	68	-61	6.4	-2.7
BEEX	BeeHive ETF	0.9	84	-77	4.3	-4.9
CWS	AdvisorShares Focused Equity ETF	0.9	84	-77	5.5	-3.7
CGUS	Capital Group Core Equity ETF	0.9	33	-26	4.3	-4.8
BLLD	JPMorgan Sustainable Infrastructure ETF	0.9	49	-42	5.9	-3.2
ITA	iShares U.S. Aerospace & Defense ETF	0.9	40	-33	1.8	-7.3
XAR	State Street SPDR S&P Aerospace & Defense ETF	0.9	35	-28	2.0	-7.1
PRNT	3D Printing ETF	0.9	66	-59	1.8	-7.3
DLN	WisdomTree U.S. LargeCap Dividend Fund	0.9	28	-21	5.9	-3.2
SDG	iShares MSCI Global Sustainable Development Goals ETF	0.9	49	-42	4.8	-4.3
GDOC	Goldman Sachs Future Health Care Equity ETF	0.9	75	-68	2.5	-6.6
LFSC	F/m Emerald Life Sciences Innovation ETF	0.9	79	-72	0.0	-9.1
BMVP	Invesco Bloomberg MVP Multi-factor ETF	0.9	29	-22	7.4	-1.8
PINK	Simplify Health Care ETF	0.9	50	-43	0.8	-8.3
FTGS	First Trust Growth Strength ETF	0.9	60	-53	4.5	-4.6
BYRE	Principal Real Estate Active Opportunities ETF	0.9	65	-58	6.7	-2.4
MORT	VanEck Mortgage REIT Income ETF	0.9	43	-36	51.1	+41.9
REM	iShares Mortgage Real Estate ETF	0.9	48	-41	65.3	+56.1
NURE	Nuveen Short-Term REIT ETF	0.9	35	-28	8.6	-0.6
PSI	Invesco Semiconductors ETF	0.9	57	-50	3.3	-5.8
PPH	VanEck Pharmaceutical ETF	0.9	36	-29	7.9	-1.2
MID	American Century Mid Cap Growth Impact ETF	0.9	45	-38	3.4	-5.8
QOWZ	Invesco Nasdaq Free Cash Flow Achievers ETF	0.9	39	-32	4.0	-5.2
AESR	Anfield U.S. Equity Sector Rotation ETF	0.9	108	-101	3.6	-5.6
DTRE	First Trust Alerian Disruptive Technology Real Estate ETF	0.9	60	-53	5.9	-3.3
DIVZ	TrueShares Low Volatility Equity Income ETF	0.9	65	-58	6.5	-2.7
RFFC	ALPS Active Equity Opportunity ETF	0.9	48	-41	4.4	-4.8
RSPC	Invesco S&P 500 Equal Weight Communication Services ETF	0.8	40	-33	5.8	-3.3
CGV	Conductor Global Equity Value ETF	0.8	130	-123	7.8	-1.3
JETS	U.S. Global Jets ETF	0.8	60	-53	3.2	-5.9
SAWG	AAM Sawgrass US Large Cap Quality Growth ETF	0.8	49	-42	4.3	-4.8
SOXQ	Invesco PHLX Semiconductor ETF	0.8	19	-12	3.7	-5.4
XPND	First Trust Expanded Technology ETF	0.8	65	-58	3.7	-5.5
PBJ	Invesco Food & Beverage ETF	0.8	57	-50	8.7	-0.4
XSD	State Street SPDR S&P Semiconductor ETF	0.8	35	-28	3.9	-5.2
EGUS	iShares ESG Aware MSCI USA Growth ETF	0.8	18	-11	3.9	-5.2
NXTG	First Trust Indxx NextG ETF	0.8	70	-63	4.8	-4.3
TMFS	Motley Fool Small-Cap Growth ETF	0.8	85	-78	3.1	-6.1
ARKK	ARK Innovation ETF	0.8	75	-68	-2.5	-11.6
AGIQ	Sofi Agentic AI ETF	0.8	69	-62	1.8	-7.4
ERTH	Invesco MSCI Sustainable Future ETF	0.8	62	-55	3.3	-5.9
CGDG	Capital Group Dividend Growers ETF	0.8	47	-40	5.9	-3.2
SMH	VanEck Semiconductor ETF	0.8	35	-28	3.5	-5.7
BCDF	Horizon Kinetics Blockchain Development ETF	0.8	85	-78	3.6	-5.5
FTCS	First Trust Capital Strength ETF	0.8	55	-48	5.8	-3.3
CRTC	Xtrackers US National Critical Technologies ETF	0.8	35	-28	4.7	-4.5
METV	Roundhill Ball Metaverse ETF	0.8	59	-52	8.8	-0.3
DIVE	Dana Concentrated Dividend ETF	0.8	65	-58	8.3	-0.9
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.8	45	-38	1.4	-7.8
HGRO	Hedgeye Quality Growth ETF	0.8	70	-63	3.2	-5.9
IGV	iShares Expanded Tech-Software Sector ETF	0.8	41	-34	3.1	-6.1
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	0.8	65	-58	0.1	-9.0
USNG	Amplify Samsung U.S. Natural Gas Infrastructure ETF	0.8	59	-52	4.7	-4.5
PNQI	Invesco NASDAQ Internet ETF	0.8	60	-53	3.5	-5.6
SXQG	ETC 6 Meridian Quality Growth ETF	0.8	100	-93	4.8	-4.3
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	0.8	7	0	4.7	-4.4
DIVD	Altrius Global Dividend ETF Altrius Global Divid ETF	0.8	49	-42	9.0	-0.1
USCL	iShares Climate Conscious & Transition MSCI USA ETF	0.7	8	-1	4.9	-4.2
ABLS	Abacus FCF Small Cap Leaders ETF	0.7	59	-52	5.0	-4.2
BJK	VanEck Gaming ETF	0.7	65	-58	4.5	-4.7
IQM	Franklin Intelligent Machines ETF	0.7	50	-43	2.0	-7.2
SPRE	SP Funds S&P Global REIT Sharia ETF	0.7	55	-48	6.2	-2.9
VIDI	Vident International Equity Strategy ETF	0.7	61	-54	10.1	+1.0
SHRY	First Trust Bloomberg Shareholder Yield ETF	0.7	60	-53	10.5	+1.4
XLF	The Financial Select Sector SPDR Fund	0.7	8	-1	5.9	-3.3
BEDZ	AdvisorShares Hotel ETF	0.7	100	-93	7.2	-2.0
ARB	AltShares Merger Arbitrage ETF	0.7	77	-70	4.0	-5.2
TINT	ProShares Smart Materials ETF	0.7	58	-51	5.9	-3.3
ACES	ALPS Clean Energy ETF	0.7	55	-48	-2.5	-11.6
SKYY	First Trust Cloud Computing ETF	0.7	60	-53	2.9	-6.2
WCBR	WisdomTree Cybersecurity Fund	0.7	45	-38	1.8	-7.3
DFNL	Davis Select Financial ETF	0.7	63	-56	7.4	-1.8
IVW	iShares S&P 500 Growth ETF	0.7	18	-11	3.9	-5.2
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	0.7	4	3	4.1	-5.1
LRGC	AB US Large Cap Strategic Equities ETF	0.7	48	-41	4.4	-4.7
VOOG	Vanguard S&P 500 Growth ETF	0.7	7	0	4.0	-5.1
FDN	First Trust Dow Jones Internet Index Fund	0.7	52	-45	3.3	-5.9
FDND	FT Vest Dow Jones Internet & Target Income ETF	0.7	75	-68	3.1	-6.1
PBW	Invesco WilderHill Clean Energy ETF	0.7	66	-59	-3.2	-12.3
JPEF	JPMorgan Equity Focus ETF	0.7	50	-43	4.3	-4.8
PBD	Invesco Global Clean Energy ETF	0.7	75	-68	0.8	-8.3
PAWZ	ProShares Pet Care ETF	0.7	50	-43	3.7	-5.4
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.7	42	-35	5.2	-3.9
NBCT	Neuberger Berman Carbon Transition Infrastructure ETF	0.6	55	-48	6.4	-2.7
VICE	AdvisorShares Vice ETF	0.6	99	-92	6.4	-2.8
JOET	Virtus Terranova US Quality Momentum ETF	0.6	29	-22	4.8	-4.3
RVRB	Reverb ETF	0.6	30	-23	4.5	-4.7
SHOC	Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF	0.6	40	-33	3.1	-6.1
CLOD	Themes Cloud Computing ETF	0.6	35	-28	3.5	-5.7
SOXX	iShares Semiconductor ETF	0.6	35	-28	3.9	-5.2
RGEF	Rockefeller Global Equity ETF	0.6	55	-48	4.5	-4.7
ICAP	InfraCap Equity Income Fund ETF	0.6	171	-164	4.7	-4.5
FGD	First Trust Dow Jones Global Select Dividend Index Fund	0.6	56	-49	10.2	+1.1
EBIZ	Global X E-Commerce ETF	0.6	50	-43	4.0	-5.2
NUKZ	Range Nuclear Renaissance Index ETF	0.6	85	-78	1.3	-7.9
IWF	iShares Russell 1000 Growth ETF	0.6	19	-12	4.2	-4.9
TDV	ProShares S&P Technology Dividend Aristocrats ETF	0.6	45	-38	5.8	-3.3
VONG	Vanguard Russell 1000 Growth ETF	0.6	7	0	4.3	-4.8
DEEP	Roundhill Acquirers Deep Value ETF	0.6	80	-73	18.7	+9.6
XLC	The Communication Services Select Sector SPDR Fund	0.6	8	-1	5.6	-3.5
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	0.6	15	-8	8.1	-1.0
SMOG	VanEck Low Carbon Energy ETF	0.6	61	-54	1.5	-7.7
IXN	iShares Global Tech ETF	0.6	41	-34	3.3	-5.8
IEZ	iShares U.S. Oil Equipment & Services ETF	0.6	40	-33	4.0	-5.2
XES	State Street SPDR S&P Oil & Gas Equipment & Services ETF	0.6	35	-28	2.1	-7.1
USSE	Segall Bryant & Hamill Select Equity ETF	0.6	65	-58	4.2	-5.0
BULD	Pacer BlueStar Engineering the Future ETF	0.6	60	-53	0.4	-8.7
BLCR	iShares Large Cap Core Active ETF	0.6	36	-29	3.5	-5.7
FDFF	Fidelity Disruptive Finance ETF	0.6	50	-43	4.4	-4.7
ARKQ	ARK Autonomous Technology & Robotics ETF	0.6	75	-68	1.1	-8.1
ARKX	ARK Space Exploration & Innovation ETF	0.6	75	-68	0.2	-8.9
PRXV	Praxis Impact Large Cap Value ETF	0.6	36	-29	6.6	-2.5
SNPG	Xtrackers S&P 500 Growth ESG ETF	0.6	15	-8	4.5	-4.6
SGRT	SMART Earnings Growth 30 ETF	0.6	59	-52	1.4	-7.7
EINC	VanEck Energy Income ETF	0.6	48	-41	5.8	-3.3
MLPX	Global X MLP & Energy Infrastructure ETF	0.6	45	-38	6.0	-3.2
USAI	Pacer American Energy Independence ETF	0.6	75	-68	4.9	-4.2
PSP	Invesco Global Listed Private Equity ETF	0.6	106	-99	6.0	-3.2
BBC	Virtus LifeSci Biotech Clinical Trials ETF	0.6	79	-72	0.0	-9.1
FPAG	FPA Global Equity ETF	0.5	49	-42	5.7	-3.4
PSCE	Invesco S&P SmallCap Energy ETF	0.5	29	-22	9.7	+0.5
FFND	Future Fund Active ETF	0.5	100	-93	3.7	-5.5
IXC	iShares Global Energy ETF	0.5	44	-37	9.8	+0.7
RSPG	Invesco S&P 500 Equal Weight Energy ETF	0.5	40	-33	11.0	+1.9
XLE	The Energy Select Sector SPDR Fund	0.5	8	-1	9.0	-0.1
EVX	VanEck Environmental Services ETF	0.5	55	-48	2.7	-6.5
CSTK	Invesco Comstock Contrarian Equity ETF	0.5	35	-28	6.9	-2.2
CGDV	Capital Group Dividend Value ETF	0.5	33	-26	4.5	-4.6
DTAN	Sparkline International Intangible Value ETF	0.5	55	-48	7.8	-1.3
ISHP	First Trust Nasdaq Retail ETF	0.5	60	-53	5.5	-3.7
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.5	85	-78	6.1	-3.0
HAUS	Residential REIT ETF	0.5	60	-53	4.2	-5.0
NDIV	Amplify Natural Resources Dividend Income ETF	0.5	59	-52	12.6	+3.4
SFYF	SoFi Social 50 ETF	0.5	29	-22	1.0	-8.2
IYZ	iShares U.S. Telecommunications ETF	0.5	40	-33	6.8	-2.4
ASLV	Allspring Special Large Value ETF	0.5	35	-28	6.6	-2.6
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.5	75	-68	9.9	+0.7
IXP	iShares Global Comm Services ETF	0.5	42	-35	5.8	-3.3
KLMN	Invesco MSCI North America Climate ETF	0.5	9	-2	4.9	-4.2
KAT	Scharf ETF	0.5	87	-80	5.9	-3.2
DAK	Dakota Active Equity ETF	0.5	43	-36	4.4	-4.8
LCOW	Pacer S&P 500 Quality FCF Aristocrats ETF	0.5	49	-42	6.0	-3.1
ACTV	LeaderShares Activist Leaders ETF	0.5	75	-68	5.6	-3.5
SAMT	Strategas Macro Thematic Opportunities ETF	0.5	65	-58	2.5	-6.7
PXJ	Invesco Oil & Gas Services ETF	0.5	63	-56	3.8	-5.4
TOGA	Tremblant Global ETF	0.5	69	-62	2.3	-6.9
KROP	Global X AgTech & Food Innovation ETF	0.5	50	-43	6.7	-2.4
FMET	Fidelity Metaverse ETF	0.5	39	-32	4.6	-4.5
JEPI	JPMorgan Equity Premium Income ETF	0.5	35	-28	5.7	-3.4
CGGO	Capital Group Global Growth Equity ETF	0.5	47	-40	4.1	-5.0
AIRL	Themes Airlines ETF	0.5	35	-28	3.2	-5.9
WRND	IQ Global Equity R&D Leaders ETF	0.5	18	-11	7.4	-1.7
UTRN	Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.5	75	-68	5.0	-4.1
SBIO	ALPS Medical Breakthroughs ETF	0.5	50	-43	0.0	-9.1
DRUP	GraniteShares Nasdaq Select Disruptors ETF	0.5	60	-53	4.1	-5.1
HAPI	Harbor Human Capital Factor US Large Cap ETF	0.5	36	-29	4.8	-4.3
FFTY	Innovator IBD 50 ETF	0.5	80	-73	-2.5	-11.6
AGQI	First Trust Active Global Quality Income ETF	0.5	85	-78	4.5	-4.7
ARKG	ARK Genomic Revolution ETF	0.5	75	-68	0.0	-9.1
GVIP	Goldman Sachs Hedge Industry VIP ETF	0.5	45	-38	3.2	-6.0
PID	Invesco International Dividend Achievers ETF	0.5	53	-46	5.2	-4.0
VTV	Vanguard Value ETF	0.4	4	3	6.8	-2.3
ENFR	Alerian Energy Infrastructure ETF	0.4	35	-28	6.2	-2.9
GII	SPDR S&P Global Infrastructure ETF	0.4	40	-33	4.6	-4.6
IGF	iShares Global Infrastructure ETF	0.4	41	-34	4.6	-4.6
UMI	USCF Midstream Energy Income Fund ETF	0.4	85	-78	5.8	-3.4
AGRW	Allspring LT Large Growth ETF	0.4	35	-28	3.5	-5.6
BNGE	First Trust S-Network Streaming and Gaming ETF	0.4	70	-63	2.7	-6.5
DAT	ProShares Big Data Refiners ETF	0.4	58	-51	2.5	-6.7
GXPT	Global X PureCap MSCI Information Technology ETF	0.4	25	-18	4.1	-5.0
BETZ	Roundhill Sports Betting & iGaming ETF	0.4	75	-68	2.9	-6.3
PSCC	Invesco S&P SmallCap Consumer Staples ETF	0.4	29	-22	9.0	-0.2
VOT	Vanguard Mid-Cap Growth ETF	0.4	7	0	3.4	-5.7
UFO	Procure Space ETF	0.4	75	-68	0.2	-8.9
BUYZ	Franklin Disruptive Commerce ETF	0.4	50	-43	2.5	-6.6
OND	ProShares On-Demand ETF	0.4	58	-51	-0.5	-9.6
WFH	Direxion Work From Home ETF	0.4	45	-38	3.7	-5.4
LBO	WHITEWOLF Publicly Listed Private Equity ETF	0.4	70	-63	9.5	+0.4
BATT	Amplify Lithium & Battery Technology ETF	0.4	59	-52	2.7	-6.5
LIT	Global X Lithium & Battery Tech ETF	0.4	75	-68	4.5	-4.6
SYNB	Putnam BioRevolution ETF	0.4	70	-63	2.5	-6.7
GXPC	Global X PureCap MSCI Communication Services ETF	0.4	25	-18	4.9	-4.3
BEEZ	Honeytree U.S. Equity ETF	0.4	64	-57	4.0	-5.2
IXG	iShares Global Financials ETF	0.4	42	-35	6.5	-2.7
IGPT	Invesco AI and Next Gen Software ETF	0.4	60	-53	4.1	-5.0
XDAT	Franklin Exponential Data ETF	0.4	50	-43	2.3	-6.8
SCHG	Schwab U.S. Large-Cap Growth ETF	0.4	4	3	3.9	-5.3
GGME	Invesco Next Gen Media and Gaming ETF	0.4	60	-53	4.5	-4.6
REAI	Intelligent Real Estate ETF	0.4	59	-52	4.4	-4.7
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	0.4	60	-53	2.9	-6.2
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	0.4	45	-38	2.4	-6.7
IBOT	Vaneck Robotics ETF	0.4	47	-40	4.0	-5.1
FBOT	Fidelity Disruptive Automation ETF	0.4	50	-43	3.3	-5.8
BOTT	Themes Robotics & Automation ETF	0.4	35	-28	-1.3	-10.4
HUMN	Roundhill Humanoid Robotics ETF	0.4	75	-68	1.7	-7.4
FDCF	Fidelity Disruptive Communications ETF	0.4	50	-43	4.2	-5.0
TAN	Invesco Solar ETF	0.4	67	-60	5.5	-3.6
URAN	Themes Uranium & Nuclear ETF	0.4	35	-28	1.3	-7.8
FCTE	SMI 3Fourteen Full-Cycle Trend ETF	0.4	85	-78	7.9	-1.2
CRAK	VanEck Oil Refiners ETF	0.4	61	-54	11.2	+2.1
USRD	Themes US R&D Champions ETF	0.4	29	-22	4.7	-4.5
HYP	Golden Eagle Dynamic Hypergrowth ETF	0.4	85	-78	-1.6	-10.8
SOCL	Global X Social Media ETF	0.4	65	-58	10.8	+1.6
IDNA	iShares Genomics Immunology and Healthcare ETF	0.4	47	-40	-2.2	-11.3
NUMG	Nuveen ESG Mid-Cap Growth ETF	0.3	31	-24	2.6	-6.6
ARTY	iShares Future AI & Tech ETF	0.3	47	-40	3.5	-5.6
BCOR	Grayscale Bitcoin Adopters ETF	0.3	59	-52	2.2	-6.9
DARP	Grizzle Growth ETF	0.3	75	-68	2.7	-6.4
KLMT	Invesco MSCI Global Climate 500 ETF	0.3	10	-3	5.5	-3.6
OIH	VanEck Oil Services ETF	0.3	35	-28	3.6	-5.6
FMED	Fidelity Disruptive Medicine ETF	0.3	50	-43	-0.7	-9.8
FAN	First Trust Global Wind Energy ETF	0.3	60	-53	3.9	-5.3
GXPE	Global X PureCap MSCI Energy ETF	0.3	25	-18	8.7	-0.4
FOWF	Pacer Solactive Whitney Fututre of Warfare ETF	0.3	60	-53	3.8	-5.3
CLOU	Global X Cloud Computing ETF	0.3	68	-61	2.3	-6.9
FLAG	Global X S&P 500 U.S. Market Leaders Top 50 ETF	0.3	29	-22	6.8	-2.3
KNO	AXS Knowledge Leaders ETF	0.3	78	-71	5.7	-3.5
NETZ	TCW Transform Systems ETF	0.3	75	-68	2.4	-6.7
PTF	Invesco Dorsey Wright Technology Momentum ETF	0.3	60	-53	-1.1	-10.2
QGRW	WisdomTree U.S. Quality Growth Fund	0.3	28	-21	4.1	-5.0
BWEB	Bitwise Web3 ETF	0.3	85	-78	-0.0	-9.2
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	0.3	33	-26	9.0	-0.1
ETEC	iShares Breakthrough Environmental Solutions ETF	0.3	47	-40	3.4	-5.7
BDIV	AAM Brentview Dividend Growth ETF	0.3	49	-42	4.5	-4.6
AIS	VistaShares Artificial Intelligence Supercycle ETF	0.3	75	-68	2.4	-6.7
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	0.3	75	-68	5.7	-3.4
RNWZ	TrueShares Eagle Global Renewable Energy Income ETF	0.3	75	-68	6.6	-2.5
CZAR	Themes Natural Monopoly ETF	0.3	35	-28	5.5	-3.6
FRNW	Fidelity Clean Energy ETF	0.3	39	-32	2.1	-7.0
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	0.3	61	-54	2.0	-7.1
SATO	Invesco Alerian Galaxy Crypto Economy ETF	0.3	61	-54	-0.6	-9.7
LIVR	Intelligent Livermore ETF	0.3	69	-62	3.3	-5.8
DMAT	Global X Disruptive Materials ETF	0.3	59	-52	6.9	-2.2
GMET	VanEck Green Metals ETF	0.3	63	-56	7.5	-1.7
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	0.3	72	-65	-1.2	-10.4
REMX	VanEck Rare Earth/Strategic Metals ETF	0.3	54	-47	3.9	-5.2
ION	ProShares S&P Global Core Battery Metals ETF	0.3	58	-51	7.7	-1.5
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.3	61	-54	5.5	-3.7
SETM	Sprott Energy Transition Materials ETF	0.3	65	-58	2.0	-7.1
LITP	Sprott Lithium Miners ETF	0.3	65	-58	2.0	-7.1
DVND	Touchstone Dividend Select ETF	0.3	67	-60	5.5	-3.6
ILIT	iShares Lithium Miners and Producers ETF	0.3	47	-40	5.1	-4.1
LIMI	Themes Lithium & Battery Metal Miners ETF	0.3	35	-28	4.0	-5.2
ICLN	iShares Global Clean Energy ETF	0.3	41	-34	3.0	-6.1
BLOK	Amplify Transformational Data Sharing ETF	0.3	75	-68	0.4	-8.8
QLTY	GMO U.S. Quality ETF	0.3	50	-43	4.5	-4.6
IETC	iShares U.S. Tech Independence Focused ETF	0.3	18	-11	3.7	-5.5
LGCF	Themes US Cash Flow Champions ETF	0.2	30	-23	8.1	-1.0
TOKE	Cambria Cannabis ETF	0.2	42	-35	2.1	-7.0
CANC	Tema Oncology ETF	0.2	75	-68	-2.5	-11.7
DANA	Dana Unconstrained Equity ETF	0.2	50	-43	3.1	-6.0
GKAT	Scharf Global Opportunity ETF	0.2	57	-50	6.0	-3.1
TINY	ProShares Nanotechnology ETF	0.2	58	-51	3.2	-6.0
GDX	VanEck Gold Miners ETF	0.2	51	-44	3.6	-5.5
GDXJ	VanEck Junior Gold Miners ETF	0.2	52	-45	3.7	-5.4
GOEX	Global X Gold Explorers ETF	0.2	65	-58	2.7	-6.4
SIL	Global X Silver Miners ETF	0.2	65	-58	2.7	-6.4
SILJ	ETFMG Prime Junior Silver Miners ETF	0.2	69	-62	1.3	-7.9
SLVP	iShares MSCI Global Silver Miners ETF	0.2	39	-32	5.1	-4.1
AGMI	Themes Silver Miners ETF	0.2	35	-28	4.1	-5.0
FDHT	Fidelity Digital Health ETF	0.2	39	-32	1.5	-7.7
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.2	75	-68	2.8	-6.4
ARVR	First Trust Indxx Metaverse ETF	0.2	70	-63	3.9	-5.2
HRTS	Tema Heart & Health ETF	0.2	75	-68	2.1	-7.0
ESPO	VanEck Video Gaming and eSports ETF	0.2	56	-49	5.1	-4.1
ODDS	Pacer BlueStar Digital Entertainment ETF	0.2	60	-53	2.7	-6.5
AWAY	ETFMG Travel Tech ETF	0.2	76	-69	-0.1	-9.3
CSD	Invesco S&P Spin-Off ETF	0.2	65	-58	3.9	-5.2
VV	Vanguard Large-Cap ETF	0.2	4	3	4.7	-4.4
YOLO	AdvisorShares Pure Cannabis ETF	0.2	103	-96	-4.5	-13.6
MEDX	Horizon Kinetics Medical ETF	0.2	85	-78	1.2	-7.9
RTH	VanEck Retail ETF	0.2	35	-28	5.5	-3.7
BPAY	BlackRock Future Financial and Technology ETF	0.2	70	-63	6.5	-2.6
MDLV	Morgan Dempsey Large Cap Value ETF	0.2	58	-51	7.3	-1.9
IBAT	iShares Energy Storage & Materials ETF	0.2	47	-40	2.5	-6.6
RNRG	Global X Renewable Energy Producers ETF	0.2	66	-59	5.0	-4.1
TBG	TBG Dividend Focus ETF	0.2	59	-52	7.8	-1.3
ACSI	American Customer Satisfaction ETF	0.2	65	-58	5.4	-3.7
SAMM	Strategas Macro Momentum ETF	0.2	66	-59	2.2	-6.9
ABIG	Argent Large Cap ETF	0.2	49	-42	5.2	-3.9
GK	AdvisorShares Gerber Kawasaki ETF	0.2	75	-68	2.5	-6.6
FCLD	Fidelity Cloud Computing ETF	0.2	39	-32	3.1	-6.0
MEDI	Harbor Health Care ETF	0.1	80	-73	-1.8	-10.9
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	0.1	45	-38	8.2	-0.9
QINT	American Century Quality Diversified International ETF	0.1	39	-32	6.7	-2.5
SPRX	Spear Alpha ETF	0.1	75	-68	1.0	-8.2
CHPX	Global X AI Semiconductor & Quantum ETF	0.1	50	-43	3.1	-6.1
WOOD	iShares Global Timber & Forestry ETF	0.1	42	-35	13.0	+3.9
AVDV	Avantis International Small Cap Value ETF	0.1	36	-29	8.8	-0.3
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.1	39	-32	-0.8	-9.9
NDIA	Global X India Active ETF	0.1	75	-68	5.2	-3.9
FINX	Global X FinTech ETF	0.1	68	-61	2.9	-6.3
IWC	iShares Micro-Cap ETF	0.1	60	-53	-1.6	-10.7
BOAT	SonicShares Global Shipping ETF	0.1	69	-62	25.4	+16.3
DGT	State Street SPDR Global Dow ETF	0.1	50	-43	6.4	-2.7
RING	iShares MSCI Global Gold Miners ETF	0.1	39	-32	3.8	-5.4
SGDM	Sprott Gold Miners ETF	0.1	50	-43	2.8	-6.3
IBRN	iShares Neuroscience and Healthcare ETF	0.1	47	-40	0.0	-9.1
AVDS	Avantis International Small Cap Equity ETF	0.1	30	-23	6.9	-2.3
CTEC	Global X CleanTech ETF	0.1	50	-43	0.5	-8.6
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.1	69	-62	2.0	-7.1
EPU	iShares MSCI Peru and Global Exposure ETF	0.1	59	-52	5.7	-3.5
NBCC	Neuberger Berman Next Generation Connected Consumer ETF	0.1	56	-49	2.8	-6.3
PRXG	Praxis Impact Large Cap Growth ETF	0.1	36	-29	3.7	-5.5
AOTG	AOT Growth and Innovation ETF	0.1	75	-68	1.9	-7.2
VUG	Vanguard Growth ETF	0.1	4	3	4.1	-5.1
AVDE	Avantis International Equity ETF	0.1	23	-16	6.9	-2.2
AVES	Avantis Emerging Markets Value ETF	0.1	36	-29	10.4	+1.3
WISE	Themes Generative Artificial Intelligence ETF	0.1	35	-28	-0.4	-9.6
FINE	Themes European Luxury ETF	0.1	35	-28	3.8	-5.3
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	0.1	39	-32	6.2	-2.9
WCLD	WisdomTree Cloud Computing Fund	0.1	45	-38	1.6	-7.5
TMFG	Motley Fool Global Opportunities ETF	0.1	85	-78	4.0	-5.1
FDM	First Trust Dow Jones Select MicroCap Index Fund	0.1	60	-53	8.4	-0.7
CRPT	First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.1	85	-78	0.0	-9.1
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.1	85	-78	3.5	-5.6
FPXE	First Trust IPOX Europe Equity Opportunities ETF	0.1	70	-63	3.9	-5.2
FNDF	Schwab Fundamental International Large Co. Index ETF	0.0	25	-18	8.8	-0.3
ONLN	ProShares Online Retail ETF	0.0	58	-51	2.4	-6.7
NLR	VanEck Uranium+Nuclear Energy ETF	0.0	61	-54	1.5	-7.6
URA	Global X Uranium ETF	0.0	69	-62	1.2	-7.9
HEAL	Global X HealthTech ETF	0.0	50	-43	-0.6	-9.8
STCE	Schwab Crypto Thematic ETF	0.0	30	-23	2.7	-6.5
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	0.0	49	-42	6.8	-2.3
FDG	American Century Focused Dynamic Growth ETF	0.0	45	-38	2.0	-7.1
FNDC	Schwab Fundamental International Small Co. Index ETF	0.0	39	-32	5.7	-3.5
IVRS	iShares Future Metaverse Tech and Communications ETF	0.0	47	-40	3.1	-6.0
GWX	SPDR S&P International Small Cap ETF	0.0	40	-33	6.6	-2.5
BUG	Global X Cybersecurity ETF	0.0	51	-44	2.5	-6.7
AMZA	InfraCap MLP ETF	0.0	164	-157	8.3	-0.8
DYNF	BlackRock U.S. Equity Factor Rotation ETF	0.0	30	-23	4.3	-4.8
ISRA	VanEck Israel ETF	0.0	59	-52	6.6	-2.6
HYDR	Global X Hydrogen ETF	0.0	50	-43	-4.7	-13.9
SPDW	SPDR Portfolio Developed World ex-US ETF	0.0	3	4	6.5	-2.6
AVSD	Avantis Responsible International Equity ETF	0.0	23	-16	4.9	-4.2

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

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Vanguard Small Cap Value ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	14.3	%
Divided by: Fwd. P/BV	1.6	x
Less: Expense ratio	7	bp
Equals: ALTAR Score	9.1	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.64	CATEGORY AVERAGE	1.58

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.