Valkyrie Bitcoin Miners ETF
ALTAR
Score™		 -10.7% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -102.3x P/Sales
ratio		 1.7x
P/BV
ratio		 2.1x Div.
yield		 0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WGMI provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining.

FUND BASICS
Category Global Equities
Fund Sponsor Valkyrie Funds LLC
Website valkyrie-funds.com/wgmi/
Inception date Feb 07, 2022
Assets (mns) $91
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 19
Wgt avg mkt cap (mns) $216,507
Large cap (>$10bn) 11.7%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 88.3%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
CLEANSPARK, INC. 19.5 %
IRIS ENERGY LTD. 10.7 %
CIPHER MINING INC 9.0 %
MARATHON DIGITAL HOLDINGS INC 8.4 %
NVIDIA CORP 5.3 %
BITDEER TECHNOLOGIES GROUP 5.2 %
BITFARMS LTD. 5.1 %
TERAWULF INC. 5.1 %
AEROHIVE NETWORKS INC 4.8 %
RIOT BLOCKCHAIN INC 4.4 %
Total 77.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.6 %
AUSTRALIA 11.4 %
CANADA 6.1 %
BRITAIN 3.2 %
TAIWAN 0.7 %
SOUTH KOREA 0.5 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.3% 83.6% -- -- -18.6%

Market Correlations
versus... Beta R-squared
S&P500 3.49 38%
MSCI EAFE 3.34 33%
MSCI Emg. Mkts. 2.90 28%

Technical Indicators
Recent close $16.35
30d moving avg. $11.40
Annualized volatility 110.5%
Short interest (ETF) 3.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 297
Turnover 5.4%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $51,594

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 potential alternatives to the Valkyrie Bitcoin Miners ETF ETF based on the alternatives' overlap in portfolio holdings with WGMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WGMI Expense: 75 bp ALTAR Score™: -10.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WGMI
Ticker Fund
Name		 Overlap1
vs WGMI
(%)		 Expense
ratio
(bp)		 Savings
vs WGMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs WGMI
(%)
BKCH Global X Blockchain ETF 52.3 50 25 -5.2 +5.5
IBLC iShares Blockchain and Tech ETF 45.0 47 28 -1.0 +9.7
DAPP VanEck Digital Transformation ETF 38.7 50 25 -8.5 +2.1
GFOF Grayscale Future of Finance ETF 37.5 70 5 -4.0 +6.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 31.6 61 14 -13.0 -2.3
FDIG Fidelity Crypto Industry and Digital Payments ETF 30.6 39 36 -1.3 +9.3
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 30.5 85 -10 -0.9 +9.8
BITQ Bitwise Crypto Industry Innovators ETF 28.2 85 -10 -4.7 +6.0
BLOK Amplify Transformational Data Sharing ETF 17.4 75 0 1.1 +11.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 15.5 61 14 -4.0 +6.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 12.1 68 7 5.3 +15.9
STCE Schwab Crypto Thematic ETF 11.0 30 45 -8.0 +2.7
DARP Grizzle Growth ETF 7.6 75 0 3.2 +13.8
IQM Franklin Intelligent Machines ETF 6.5 50 25 3.1 +13.7
WUGI AXS Esoterica NextG Economy ETF 6.5 75 0 2.1 +12.8
SOXX iShares Semiconductor ETF 6.5 35 40 5.3 +15.9
SMH VanEck Semiconductor ETF 6.5 35 40 4.2 +14.8
SOXQ Invesco PHLX Semiconductor ETF 6.5 19 56 5.1 +15.7
AOTG AOT Growth and Innovation ETF 6.5 75 0 3.0 +13.7
FBCG Fidelity Blue Chip Growth ETF 6.3 59 16 2.6 +13.2
JGRO JPMorgan Active Growth ETF 6.3 44 31 3.4 +14.1
METV Roundhill Ball Metaverse ETF 6.2 59 16 3.4 +14.0
FTEC Fidelity MSCI Information Technology Index ETF 6.0 8 67 4.8 +15.4
TINY ProShares Nanotechnology ETF 6.0 58 17 1.9 +12.5
MOTO SmartETFs Smart Transportation & Technology ETF 6.0 68 7 6.6 +17.3
VGT Vanguard Information Technology ETF 6.0 10 65 4.7 +15.3
FMIL Fidelity New Millennium ETF 5.9 59 16 4.3 +15.0
MVPS Amplify Thematic All-Stars ETF 5.9 49 26 1.7 +12.3
ONEQ Fidelity Nasdaq Composite Index ETF 5.9 21 54 3.9 +14.5
IGM iShares Expanded Tech Sector ETF 5.9 41 34 4.5 +15.2
MGK Vanguard Mega Cap Growth ETF 5.8 7 68 4.4 +15.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 5.8 12 63 4.5 +15.2
IYW iShares U.S. Technology ETF 5.8 40 35 4.5 +15.1
GGME Invesco Next Gen Media and Gaming ETF 5.8 60 15 4.1 +14.7
EGUS iShares ESG Aware MSCI USA Growth ETF 5.8 18 57 4.3 +15.0
GK AdvisorShares Gerber Kawasaki ETF 5.8 75 0 3.2 +13.9
QGRW WisdomTree U.S. Quality Growth Fund 5.8 28 47 4.7 +15.3
IVW iShares S&P 500 Growth ETF 5.8 18 57 4.5 +15.1
VEGN US Vegan Climate ETF 5.8 60 15 4.7 +15.3
SCHG Schwab U.S. Large-Cap Growth ETF 5.8 4 71 4.3 +15.0
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 5.8 40 35 3.8 +14.4
VERS ProShares Metaverse ETF 5.8 58 17 -8.3 +2.4
SFYF SoFi Social 50 ETF 5.8 29 46 -2.6 +8.0
IGPT Invesco AI and Next Gen Software ETF 5.8 60 15 3.8 +14.4
USXF iShares ESG Advanced MSCI USA ETF 5.8 10 65 5.2 +15.9
LRNZ TrueShares Technology, AI & Deep Learning ETF 5.8 69 6 -1.2 +9.4
SPXN ProShares S&P 500 Ex-Financials ETF 5.8 9 66 5.3 +15.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 5.8 7 68 5.2 +15.8
STXG Strive 1000 Growth ETF 5.8 18 57 4.2 +14.9
NZUS SPDR MSCI USA Climate Paris Aligned ETF 5.8 10 65 4.9 +15.5
SPRX Spear Alpha ETF 5.8 75 0 -0.5 +10.1
SPMO Invesco S&P 500 Momentum ETF 5.8 13 62 3.7 +14.4
SPXV ProShares S&P 500 Ex-Health Care ETF 5.8 9 66 5.2 +15.8
IWF iShares Russell 1000 Growth ETF 5.8 19 56 4.7 +15.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 5.8 30 45 4.7 +15.3
QQMG Invesco ESG NASDAQ 100 ETF 5.8 20 55 4.7 +15.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 5.8 45 30 4.7 +15.4
MTUM iShares MSCI USA Momentum Factor ETF 5.8 15 60 3.7 +14.4
WISE Themes Generative Artificial Intelligence ETF 5.8 35 40 2.1 +12.8
SPYG SPDR Portfolio S&P 500 Growth ETF 5.8 4 71 4.6 +15.3
FSST Fidelity Sustainable U.S. Equity ETF 5.8 59 16 4.9 +15.6
VOOG Vanguard S&P 500 Growth ETF 5.8 10 65 5.5 +16.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 5.8 10 65 5.4 +16.1
QQQ Invesco QQQ Trust Series I 5.8 20 55 4.6 +15.3
IUSG iShares Core S&P U.S. Growth ETF 5.8 4 71 4.6 +15.3
DEMZ Democratic Large Cap Core ETF 5.8 45 30 4.2 +14.9
XLG Invesco S&P 500 Top 50 ETF 5.8 20 55 4.7 +15.4
OEF iShares S&P 100 ETF 5.8 20 55 5.0 +15.7
IWY iShares Russell Top 200 Growth ETF 5.8 20 55 4.9 +15.5
TRFK Pacer Data and Digital Revolution ETF 5.8 60 15 4.0 +14.7
TECB iShares U.S. Tech Breakthrough Multisector ETF 5.8 40 35 4.1 +14.8
GBUY Goldman Sachs Future Consumer Equity ETF 5.8 75 0 3.1 +13.8
CHAT Roundhill Generative AI & Technology ETF 5.8 75 0 4.2 +14.9
FTXL First Trust Nasdaq Semiconductor ETF 5.8 60 15 6.1 +16.7
QQQM Invesco NASDAQ 100 ETF 5.8 15 60 4.7 +15.3
TMFC Motley Fool 100 Index ETF 5.8 50 25 4.0 +14.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 5.8 10 65 4.8 +15.5
IETC iShares U.S. Tech Independence Focused ETF 5.8 18 57 4.4 +15.1
IXN iShares Global Tech ETF 5.8 41 34 4.3 +15.0
DSI iShares MSCI KLD 400 Social ETF 5.8 25 50 5.1 +15.8
SNPE Xtrackers S&P 500 ESG ETF 5.8 10 65 5.3 +16.0
VUG Vanguard Growth ETF 5.8 4 71 4.3 +14.9
SNPG Xtrackers S&P 500 Growth ESG ETF 5.8 15 60 4.8 +15.4
NBDS Neuberger Berman Disrupters ETF 5.8 55 20 1.9 +12.6
VONG Vanguard Russell 1000 Growth ETF 5.8 8 67 4.8 +15.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.8 75 0 3.8 +14.4
ILCG iShares Morningstar Growth ETF 5.8 4 71 4.1 +14.8
IWL iShares Russell Top 200 ETF 5.8 15 60 5.0 +15.7
BWEB Bitwise Web3 ETF 5.7 85 -10 0.9 +11.6
ACVF American Conservative Values ETF 5.7 75 0 4.4 +15.0
MGC Vanguard Mega Cap ETF 5.6 7 68 5.1 +15.8
TIME Clockwise Core Equity & Innovation ETF 5.5 95 -20 2.0 +12.6
SUSA iShares MSCI USA ESG Select ETF 5.5 25 50 5.4 +16.0
XVV iShares ESG Screened S&P 500 ETF 5.5 8 67 5.1 +15.8
NANC Unusual Whales Subversive Democratic Trading ETF 5.5 75 0 3.8 +14.4
XNTK SPDR NYSE Technology ETF 5.5 35 40 4.0 +14.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 5.5 60 15 4.1 +14.7
RFFC ALPS Active Equity Opportunity ETF 5.4 48 27 4.5 +15.2
SPXE ProShares S&P 500 Ex-Energy ETF 5.4 9 66 5.3 +16.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 5.4 20 55 5.1 +15.7
FIVG Defiance Next Gen Connectivity ETF 5.4 30 45 6.7 +17.4
CARZ First Trust NASDAQ Global Auto Index Fund 5.3 70 5 3.5 +14.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 5.3 11 64 5.2 +15.9
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 5.3 15 60 5.4 +16.0
PSI Invesco Semiconductors ETF 5.3 57 18 5.1 +15.8
BKWO BNY Mellon Women's Opportunities ETF 5.3 50 25 3.8 +14.5
FDG American Century Focused Dynamic Growth ETF 5.3 45 30 2.7 +13.3
LRGE ClearBridge Large Cap Growth ESG ETF 5.3 59 16 3.4 +14.0
SPHQ Invesco S&P 500 Quality ETF 5.3 15 60 5.4 +16.1
MBCC Monarch Blue Chips Core ETF 5.3 125 -50 3.4 +14.1
YALL God Bless America ETF 5.3 65 10 3.6 +14.3
VIRS Pacer BioThreat Strategy ETF 5.3 70 5 6.0 +16.6
VICE AdvisorShares Vice ETF 5.3 99 -24 7.6 +18.2
OND ProShares On-Demand ETF 5.3 58 17 -2.5 +8.2
IOO iShares Global 100 ETF 5.3 41 34 4.8 +15.5
IBOT Vaneck Robotics ETF 5.3 47 28 3.7 +14.4
FDRR Fidelity Dividend ETF for Rising Rates 5.3 15 60 7.9 +18.6
PSET Principal Quality ETF 5.3 15 60 5.7 +16.3
MINV Matthews Asia Innovators Active ETF 5.3 79 -4 2.8 +13.5
BTEK Future Tech ETF 5.3 88 -13 2.1 +12.7
SSPX Janus Henderson U.S. Sustainable Equity ETF 5.3 55 20 4.0 +14.6
FMET Fidelity Metaverse ETF 5.3 39 36 4.4 +15.0
SUSL iShares ESG MSCI USA Leaders ETF 5.3 10 65 5.1 +15.8
USMC Principal U.S. Mega-Cap ETF 5.3 12 63 5.0 +15.6
NACP Impact Shares NAACP Minority Empowerment ETF 5.3 49 26 5.0 +15.6
BTHM BlackRock Future U.S. Themes ETF 5.3 60 15 4.3 +14.9
SYNB Putnam BioRevolution ETF 5.3 70 5 2.9 +13.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 5.3 10 65 5.2 +15.8
BOTZ Global X Robotics & Artificial Intelligence ETF 5.3 69 6 2.3 +13.0
FFND Future Fund Active ETF 5.3 100 -25 0.3 +10.9
NULC Nuveen ESG Large-Cap ETF 5.3 21 54 5.5 +16.2
RAYD Rayliant Quantitative Developed Market Equity ETF 5.3 80 -5 4.5 +15.2
GGRW Gabelli Growth Innovators ETF 5.3 90 -15 2.3 +13.0
QUAL iShares MSCI USA Quality Factor ETF 5.3 15 60 5.5 +16.1
NULG Nuveen ESG Large-Cap Growth ETF 5.3 26 49 4.4 +15.1
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 5.3 56 19 6.3 +16.9
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 5.2 65 10 3.8 +14.4
VNSE Natixis Vaughan Nelson Select ETF 5.2 80 -5 3.2 +13.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 5.2 75 0 4.7 +15.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 5.2 20 55 5.1 +15.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 5.1 15 60 4.9 +15.6
XPND First Trust Expanded Technology ETF 5.1 65 10 3.9 +14.6
ESGV Vanguard ESG U.S. Stock ETF 5.1 9 66 5.1 +15.7
CACG ClearBridge All Cap Growth ESG ETF 5.1 54 21 3.4 +14.1
FQAL Fidelity Quality Factor ETF 5.1 15 60 5.9 +16.6
HAPI Harbor Human Capital Factor US Large Cap ETF 5.1 36 39 4.8 +15.5
CATH Global X S&P 500 Catholic Values Custom ETF 5.1 29 46 5.1 +15.8
VOO Vanguard S&P 500 ETF 5.1 3 72 5.3 +16.0
IVV iShares Core S&P 500 ETF 5.1 3 72 5.3 +15.9
SPY SPDR S&P 500 ETF Trust 5.1 9 66 5.2 +15.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 5.0 7 68 5.2 +15.9
ADME Aptus Drawdown Managed Equity ETF 5.0 79 -4 4.3 +15.0
SPLG SPDR Portfolio S&P 500 ETF 5.0 2 73 5.3 +15.9
PTF Invesco Dorsey Wright Technology Momentum ETF 5.0 60 15 0.6 +11.2
VOTE TCW Transform 500 ETF 5.0 5 70 5.2 +15.9
BKLC BNY Mellon US Large Cap Core Equity ETF 5.0 0 75 5.3 +15.9
RECS Columbia Research Enhanced Core ETF 5.0 15 60 5.6 +16.3
RUFF Alpha Dog ETF 5.0 94 -19 4.8 +15.5
ESGU iShares ESG Aware MSCI USA ETF 5.0 15 60 5.2 +15.9
FDMO Fidelity Momentum Factor ETF 5.0 15 60 3.7 +14.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 4.9 2 73 5.3 +15.9
PBUS Invesco MSCI USA ETF 4.9 4 71 5.3 +15.9
STRV Strive 500 ETF 4.9 5 70 5.2 +15.8
VV Vanguard Large-Cap ETF 4.8 4 71 5.2 +15.9
QVML Invesco S&P 500 QVM Multi-factor ETF 4.8 11 64 5.2 +15.8
CAML Congress Large Cap Growth ETF 4.8 66 9 3.5 +14.1
SCHX Schwab U.S. Large-Cap ETF 4.8 3 72 5.3 +15.9
SHE SPDR MSCI USA Gender Diversity ETF 4.7 20 55 5.0 +15.6
DTCR Global X Data Center & Digital Infrastructure ETF 4.7 50 25 2.7 +13.3
ILCB iShares Morningstar U.S. Equity ETF 4.7 3 72 5.3 +15.9
XLK Technology Select Sector SPDR Fund 4.7 9 66 5.2 +15.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 4.7 3 72 5.4 +16.1
OALC OneAscent Large Cap Core ETF 4.6 86 -11 5.9 +16.5
SCHK Schwab 1000 Index ETF 4.6 5 70 5.3 +15.9
IYY iShares Dow Jones U.S. ETF 4.6 20 55 5.1 +15.7
DFUS Dimensional U.S. Equity ETF 4.6 9 66 5.1 +15.8
FLRG Fidelity U.S. Multifactor ETF 4.6 15 60 7.7 +18.4
TMFE Motley Fool Capital Efficiency 100 Index ETF 4.5 50 25 4.7 +15.4
IWB iShares Russell 1000 ETF 4.5 15 60 5.1 +15.8
VONE Vanguard Russell 1000 ETF 4.5 8 67 5.2 +15.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 4.5 14 61 5.4 +16.0
DFSU Dimensional US Sustainability Core 1 ETF 4.4 18 57 5.7 +16.3
SCHB Schwab U.S. Broad Market ETF 4.4 3 72 5.2 +15.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 4.4 3 72 5.1 +15.8
FDVV Fidelity High Dividend ETF 4.4 15 60 8.9 +19.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 4.4 52 23 6.3 +17.0
LRGF iShares U.S. Equity Factor ETF 4.4 8 67 5.8 +16.5
DRIV Global X Autonomous & Electric Vehicles ETF 4.3 68 7 3.4 +14.0
RVRB Reverb ETF 4.3 30 45 5.0 +15.6
IWV iShares Russell 3000 ETF 4.3 20 55 5.0 +15.7
ANEW ProShares MSCI Transformational Changes ETF 4.3 45 30 3.3 +14.0
VTHR Vanguard Russell 3000 ETF 4.3 10 65 5.1 +15.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 4.3 9 66 5.8 +16.5
VTI Vanguard Total Stock Market ETF 4.3 3 72 5.1 +15.7
PZLG Puzzle Mature Growth 4.2 0 75 4.2 +14.8
APUE ActivePassive U.S. Equity ETF 4.2 45 30 5.0 +15.7
DFAU Dimensional US Core Equity Market ETF 4.2 12 63 5.4 +16.0
JHDV John Hancock U.S. High Dividend ETF 4.2 34 41 6.5 +17.2
GINN Goldman Sachs Innovate Equity ETF 4.2 52 23 2.7 +13.4
RPG Invesco S&P 500 Pure Growth ETF 4.2 35 40 3.4 +14.1
AIEQ AI Powered Equity ETF 4.1 75 0 6.1 +16.8
IDAT iShares Future Cloud 5G and Tech ETF 4.1 47 28 4.5 +15.2
HDUS Hartford Disciplined US Equity ETF 4.0 19 56 6.2 +16.9
KOKU Xtrackers MSCI Kokusai Equity ETF 3.9 9 66 5.5 +16.1
SIXA ETC 6 Meridian Mega Cap Equity ETF 3.9 80 -5 5.7 +16.3
KOMP SPDR S&P Kensho New Economies Composite ETF 3.9 20 55 2.1 +12.7
AIQ Global X Artificial Intelligence & Technology ETF 3.9 68 7 4.2 +14.8
ARVR First Trust Indxx Metaverse ETF 3.8 70 5 2.5 +13.2
CGGO Capital Group Global Growth Equity ETF 3.8 47 28 4.3 +15.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.8 9 66 5.7 +16.4
QLC FlexShares US Quality Large Cap Index Fund 3.7 25 50 5.6 +16.3
FCPI Fidelity Stocks for Inflation ETF 3.7 15 60 8.6 +19.2
KRMA Global X Conscious Companies ETF 3.7 43 32 5.8 +16.5
PWB Invesco Large Cap Growth ETF 3.7 56 19 3.1 +13.8
TOK iShares MSCI Kokusai ETF 3.7 26 49 5.3 +15.9
PRAY FIS Christian Stock Fund 3.6 69 6 5.9 +16.5
GSPY Gotham Enhanced 500 ETF 3.6 50 25 5.3 +16.0
DUHP Dimensional US High Profitability ETF 3.6 21 54 7.0 +17.6
KOCG FIS Knights of Columbus Global Belief ETF 3.6 75 0 5.3 +15.9
JMOM JPMorgan U.S. Momentum Factor ETF 3.5 12 63 4.8 +15.5
BBLU EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF 3.5 15 60 5.6 +16.2
SFY SoFi Select 500 ETF 3.5 0 75 5.2 +15.8
QDEF FlexShares Quality Dividend Defensive Index Fund 3.5 37 38 4.8 +15.5
QDF FlexShares Quality Dividend Index Fund 3.5 37 38 5.0 +15.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 3.5 25 50 5.7 +16.3
SAMT Strategas Macro Thematic Opportunities ETF 3.5 65 10 4.7 +15.4
QTUM Defiance Quantum ETF 3.5 40 35 3.9 +14.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 3.5 79 -4 6.2 +16.9
URTH iShares MSCI World ETF 3.4 24 51 5.4 +16.0
DFAC Dimensional U.S. Core Equity 2 ETF 3.4 17 58 5.7 +16.3
GVIP Goldman Sachs Hedge Industry VIP ETF 3.4 45 30 4.6 +15.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.4 12 63 5.1 +15.7
FLQL Franklin LibertyQ U.S. Equity ETF 3.3 15 60 6.0 +16.7
BUZZ VanEck Social Sentiment ETF 3.3 75 0 -0.7 +10.0
NXTG First Trust Indxx NextG ETF 3.3 70 5 6.0 +16.6
XSD SPDR S&P Semiconductor ETF 3.3 35 40 5.1 +15.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.2 45 30 1.4 +12.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.2 20 55 5.6 +16.3
LRND IQ U.S. Large Cap R&D Leaders ETF 3.2 14 61 6.3 +17.0
JQUA JPMorgan U.S. Quality Factor ETF 3.1 12 63 5.7 +16.4
ACWI iShares MSCI ACWI ETF 3.1 32 43 5.5 +16.1
ARKQ ARK Autonomous Technology & Robotics ETF 3.1 75 0 1.6 +12.3
DGRW WisdomTree US Quality Dividend Growth Fund 3.1 28 47 6.2 +16.8
IVRS iShares Future Metaverse Tech and Communications ETF 3.0 47 28 -5.3 +5.3
AFLG First Trust Active Factor Large Cap ETF 2.9 55 20 6.2 +16.8
TRFM AAM Transformers ETF 2.9 49 26 1.3 +11.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.9 57 18 3.8 +14.4
VT Vanguard Total World Stock ETF 2.8 7 68 5.8 +16.5
FFTY Innovator IBD 50 ETF 2.8 80 -5 0.1 +10.7
QLV FlexShares US Quality Low Volatility Index Fund 2.8 22 53 5.2 +15.8
XITK SPDR FactSet Innovative Technology ETF 2.7 45 30 2.7 +13.3
FDWM Fidelity Women's Leadership ETF 2.7 59 16 4.8 +15.4
HAIL SPDR S&P Kensho Smart Mobility ETF 2.7 45 30 -2.0 +8.6
GLOF iShares Global Equity Factor ETF 2.7 20 55 7.1 +17.7
VFMO Vanguard U.S. Momentum Factor ETF 2.6 13 62 2.8 +13.4
INNO Harbor Disruptive Innovation ETF 2.6 75 0 -3.5 +7.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 2.6 29 46 6.3 +16.9
CGGR Capital Group Growth ETF 2.5 39 36 3.5 +14.1
QUS SPDR MSCI USA StrategicFactors ETF 2.5 15 60 6.1 +16.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 2.5 49 26 4.8 +15.4
QWLD SPDR MSCI World StrategicFactors ETF 2.5 30 45 6.1 +16.7
AVUS Avantis U.S. Equity ETF 2.4 15 60 6.0 +16.7
JHML John Hancock Multifactor Large Cap ETF 2.4 29 46 5.6 +16.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 10 8.4 +19.0
EPS WisdomTree U.S. LargeCap Fund 2.4 8 67 6.3 +16.9
SPMV Invesco S&P 500 Minimum Variance ETF 2.3 10 65 5.6 +16.3
CGRO CoreValues Alpha Greater China Growth ETF 2.3 75 0 2.6 +13.2
DLN WisdomTree U.S. LargeCap Dividend Fund 2.3 28 47 6.2 +16.9
ROBO ROBO Global Robotics & Automation Index ETF 2.2 95 -20 2.8 +13.5
KRUZ Unusual Whales Subversive Republican Trading ETF 2.2 75 0 4.9 +15.6
DGT SPDR Global Dow ETF 2.2 50 25 6.7 +17.3
FXL First Trust Technology AlphaDEX Fund 2.2 61 14 4.1 +14.7
ARKW ARK Next Generation Internet ETF 2.1 87 -12 -2.9 +7.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 2.1 35 40 4.8 +15.5
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.1 47 28 0.7 +11.3
DTD WisdomTree U.S. Total Dividend Fund 2.1 28 47 6.5 +17.2
DBLV AdvisorShares DoubleLine Value Equity ETF 2.0 90 -15 7.5 +18.1
HAPY Harbor Human Capital Factor Unconstrained ETF 2.0 50 25 4.8 +15.4
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.0 40 35 5.6 +16.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.0 65 10 1.6 +12.3
SPHB Invesco S&P 500 High Beta ETF 2.0 25 50 5.0 +15.6
FTGS First Trust Growth Strength ETF 2.0 60 15 6.5 +17.1
FINX Global X FinTech ETF 1.9 68 7 3.2 +13.9
FIXT Procure Disaster Recovery Strategy ETF 1.9 75 0 5.7 +16.3
WRND IQ Global Equity R&D Leaders ETF 1.9 18 57 7.2 +17.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.9 58 17 4.6 +15.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.9 75 0 5.2 +15.9
TEMP JPMorgan Climate Change Solutions ETF 1.9 49 26 4.7 +15.3
XSW SPDR S&P Software & Services ETF 1.9 35 40 2.9 +13.5
GURU Global X Guru Index ETF 1.8 75 0 2.5 +13.2
AESR Anfield U.S. Equity Sector Rotation ETF 1.8 108 -33 4.4 +15.0
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 46 5.2 +15.8
PEXL Pacer US Export Leaders ETF 1.5 60 15 5.1 +15.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.4 58 17 4.8 +15.4
EQWL Invesco S&P 100 Equal Weight ETF 1.4 25 50 6.8 +17.4
XT iShares Exponential Technologies ETF 1.4 46 29 3.9 +14.5
CHGX AXS Change Finance ESG ETF 1.3 49 26 5.1 +15.7
CGUS Capital Group Core Equity ETF 1.3 33 42 4.7 +15.3
FTC First Trust Large Cap Growth AlphaDEX Fund 1.3 59 16 2.8 +13.4
QGRO American Century U.S. Quality Growth ETF 1.2 29 46 5.8 +16.5
JAVA JPMorgan Active Value ETF 1.2 44 31 6.3 +17.0
VUSE Vident U.S. Equity Strategy ETF 1.2 50 25 3.6 +14.3
OSEA Harbor International Compounders ETF 1.1 55 20 3.7 +14.4
JIG JPMorgan International Growth ETF 1.1 55 20 4.3 +15.0
EMM Global X Emerging Markets ex-China ETF 1.1 75 0 3.7 +14.4
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 45 6.8 +17.5
AVEM Avantis Emerging Markets Equity ETF 1.1 33 42 9.1 +19.7
IUS Invesco RAFI Strategic US ETF 1.1 19 56 7.3 +17.9
IWC iShares Micro-Cap ETF 1.1 60 15 -4.3 +6.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.0 25 50 6.1 +16.7
ARKF ARK Fintech Innovation ETF 1.0 75 0 -2.2 +8.4
PDP Invesco Dorsey Wright Momentum ETF 0.9 62 13 3.7 +14.3
ROUS Hartford Multifactor US Equity ETF 0.9 19 56 6.4 +17.1
ROE Astoria US Quality Kings ETF 0.9 49 26 8.1 +18.8
VLU SPDR S&P 1500 Value Tilt ETF 0.9 12 63 7.1 +17.8
VFQY Vanguard U.S. Quality Factor ETF 0.9 13 62 7.2 +17.9
BOUT Innovator IBD Breakout Opportunities ETF 0.9 81 -6 2.9 +13.5
HLGE Hartford Longevity Economy ETF 0.9 44 31 6.6 +17.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.9 64 11 2.1 +12.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 45 7.8 +18.4
FDN First Trust Dow Jones Internet Index Fund 0.7 52 23 1.5 +12.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.7 49 26 6.4 +17.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.7 95 -20 11.4 +22.0
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 -4 5.7 +16.4
FRDM Freedom 100 Emerging Markets ETF 0.7 49 26 7.3 +18.0
DIVS SmartETFs Dividend Builder ETF 0.7 65 10 4.7 +15.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.7 50 25 5.8 +16.5
VWO Vanguard FTSE Emerging Markets ETF 0.7 8 67 7.6 +18.2
TMFG Motley Fool Global Opportunities ETF 0.7 85 -10 3.3 +13.9
EMC Global X Emerging Markets Great Consumer ETF 0.7 75 0 4.9 +15.5
GDVD R3 Global Dividend Growth ETF 0.7 88 -13 5.8 +16.5
UMMA Wahed Dow Jones Islamic World ETF 0.7 65 10 4.3 +14.9
RSHO Tema American Reshoring ETF 0.7 75 0 3.6 +14.3
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 31 11.7 +22.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.7 78 -3 8.8 +19.5
AGQI First Trust Active Global Quality Income ETF 0.7 85 -10 5.8 +16.5
APIE ActivePassive International Equity ETF 0.7 45 30 7.7 +18.4
SXUS Janus Henderson International Sustainable Equity ETF 0.7 60 15 4.6 +15.2
DIVZ TrueShares Low Volatility Equity Income ETF 0.7 65 10 8.6 +19.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 67 7.2 +17.8
NTZG Nuveen Global Net Zero Transition ETF 0.7 56 19 4.9 +15.6
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 20 8.0 +18.7
BKCI BNY Mellon Concentrated International ETF 0.7 80 -5 5.2 +15.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.7 60 15 5.0 +15.7
ULVM VictoryShares US Value Momentum ETF 0.7 20 55 7.4 +18.1
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -10 -0.7 +9.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 57 7.6 +18.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 66 4.0 +14.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 16 5.6 +16.2
ETHO Etho Climate Leadership U.S. ETF 0.6 47 28 4.1 +14.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.6 19 56 6.5 +17.2
DFUV Dimensional US Marketwide Value ETF 0.5 22 53 7.6 +18.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.5 60 15 3.0 +13.7
ESPO VanEck Video Gaming and eSports ETF 0.5 56 19 4.5 +15.1
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 0.5 106 -31 3.0 +13.6
ILCV iShares Morningstar Value ETF 0.5 4 71 6.7 +17.3
OCEN IQ Clean Oceans ETF 0.5 45 30 5.3 +15.9
VOOV Vanguard S&P 500 Value ETF 0.5 10 65 5.6 +16.2
CLNR IQ Cleaner Transport ETF 0.5 45 30 8.3 +18.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.5 32 43 5.2 +15.8
IWX iShares Russell Top 200 Value ETF 0.5 20 55 6.5 +17.2
VSLU Applied Finance Valuation Large Cap ETF 0.5 49 26 6.0 +16.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 33 5.1 +15.8
HLAL Wahed FTSE USA Shariah ETF 0.5 50 25 5.0 +15.6
WCEO Hypatia Women CEO ETF 0.5 85 -10 5.2 +15.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 66 5.0 +15.7
LOUP Innovator Deepwater Frontier Tech ETF 0.5 70 5 2.3 +13.0
MAKX ProShares S&P Kensho Smart Factories ETF 0.5 58 17 0.4 +11.1
FVD First Trust Value Line Dividend Index Fund 0.5 65 10 6.0 +16.7
DFLV Dimensional US Large Cap Value ETF 0.5 22 53 7.8 +18.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 71 5.7 +16.4
VONV Vanguard Russell 1000 Value ETF 0.5 8 67 6.7 +17.4
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 55 6.4 +17.0
IWD iShares Russell 1000 Value ETF 0.5 19 56 6.6 +17.2
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 15 1.2 +11.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 72 6.9 +17.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 5 1.8 +12.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.5 9 66 6.0 +16.6
IWO iShares Russell 2000 Growth ETF 0.5 24 51 1.4 +12.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 4 0.9 +11.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 69 2.5 +13.1
SSPY Syntax Stratified LargeCap ETF 0.4 30 45 6.5 +17.1
RWL Invesco S&P 500 Revenue ETF 0.4 39 36 6.6 +17.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 36 8.9 +19.6
IWM iShares Russell 2000 ETF 0.4 19 56 3.6 +14.3
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 46 7.2 +17.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 50 7.1 +17.8
VFMF Vanguard U.S. Multifactor ETF 0.4 18 57 8.7 +19.3
SIZE iShares MSCI USA Size Factor ETF 0.4 15 60 6.0 +16.7
VTWG Vanguard Russell 2000 Growth ETF 0.4 15 60 1.7 +12.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 50 7.1 +17.8
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 36 7.3 +17.9
IWN iShares Russell 2000 Value ETF 0.3 24 51 5.6 +16.2
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 55 6.2 +16.9
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 66 6.2 +16.8
STXK Strive Small-Cap ETF 0.3 18 57 5.5 +16.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 34 7.8 +18.5
VTWO Vanguard Russell 2000 ETF 0.3 10 65 3.9 +14.5
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 17 5.4 +16.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 23 5.4 +16.1
SPAM Themes Cybersecurity ETF 0.3 35 40 2.0 +12.6
BFOR ALPS Barron's 400 ETF 0.3 65 10 6.6 +17.2
IGV iShares Expanded Tech-Software Sector ETF 0.3 41 34 3.3 +14.0
DFAS Dimensional U.S. Small Cap ETF 0.2 26 49 6.0 +16.7
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 40 7.7 +18.4
JEPI JPMorgan Equity Premium Income ETF 0.2 35 40 5.3 +15.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 28 9.8 +20.5
ISCB iShares Morningstar Small-Cap ETF 0.2 4 71 5.3 +16.0
VTWV Vanguard Russell 2000 Value ETF 0.2 15 60 5.8 +16.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 14 7.2 +17.8
VBK Vanguard Small-Cap Growth ETF 0.2 7 68 1.5 +12.1
FLDZ RiverNorth Patriot ETF 0.2 75 0 5.8 +16.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 15 6.0 +16.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 37 8.2 +18.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 71 4.9 +15.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 55 6.7 +17.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 58 5.4 +16.1
AFSM First Trust Active Factor Small Cap ETF 0.1 75 0 7.6 +18.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 35 5.9 +16.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 40 6.0 +16.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 7.1 +17.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 32 10.9 +21.6
VXF Vanguard Extended Market ETF 0.1 6 69 3.9 +14.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.0 +16.6
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 50 5.4 +16.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 47 8.2 +18.9
VB Vanguard Small-Cap ETF 0.1 5 70 5.4 +16.0
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 58 7.1 +17.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 4.5 +15.2
GWX SPDR S&P International Small Cap ETF 0.1 40 35 6.6 +17.3
TXS Texas Capital Texas Equity Index ETF 0.0 49 26 5.6 +16.2
TGRW T. Rowe Price Growth Stock ETF 0.0 52 23 4.2 +14.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 10 7.7 +18.3
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 18 3.6 +14.2
GXC SPDR S&P China ETF 0.0 59 16 9.0 +19.7
VSGX Vanguard ESG International Stock ETF 0.0 12 63 6.8 +17.5
AVDE Avantis International Equity ETF 0.0 23 52 7.9 +18.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.7 +17.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 68 7.5 +18.1

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:		 Valkyrie Bitcoin Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -19.9 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -10.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.30 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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