Valkyrie Bitcoin Miners ETF
ALTAR
Score™		 -129.2% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 -6.1x P/Sales
ratio		 0.8x
P/BV
ratio		 0.6x Div.
yield		 1.1%


  • 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) $5
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 20
Wgt avg mkt cap (mns) $25,456
Large cap (>$10bn) 9.1%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 82.7%
Developed mkts 95.8%
Emerging mkts 4.2%

TOP TEN HOLDINGS
RIOT BLOCKCHAIN INC 11.6 %
AEROHIVE NETWORKS INC 9.2 %
MARATHON DIGITAL HOLDINGS INC 8.6 %
HUT 8 MINING CORP. 8.5 %
BITFARMS LTD. 8.3 %
CLEANSPARK, INC. 8.0 %
CIPHER MINING INC 6.4 %
BIT DIGITAL, INC. 4.9 %
IRIS ENERGY LTD. 4.6 %
MAWSON INFRASTRUCTURE GROUP INC 4.5 %
Total 74.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 62.2 %
CANADA 21.0 %
AUSTRALIA 9.2 %
BRITAIN 4.1 %
TAIWAN 1.8 %
SOUTH KOREA 1.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
74.0% -70.4% -- -- -70.4%

Market Correlations
versus... Beta R-squared
S&P500 2.94 31%
MSCI EAFE 2.76 26%
MSCI Emg. Mkts. 1.99 15%

Technical Indicators
Recent close $8.21
30d moving avg. $8.02
Annualized volatility 127.0%
Short interest (ETF) 10.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 52
Turnover 8.0%
Bid/Ask (% of price) 0.58%
ADV underlying (mns) $12,424

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 435 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™: -129.2%


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 40.2 50 25 -30.8 +98.4
GFOF Grayscale Future of Finance ETF 40.1 70 5 -2.5 +126.6
DAM VanEck Digital Assets Mining ETF 38.7 50 25 -322.6 -193.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 37.0 60 15 -26.0 +103.1
DAPP VanEck Digital Transformation ETF 35.4 50 25 -89.3 +39.9
BITQ Bitwise Crypto Industry Innovators ETF 32.9 85 -10 -21.4 +107.8
IBLC iShares Blockchain and Tech ETF 28.1 47 28 -29.5 +99.7
FDIG Fidelity Crypto Industry and Digital Payments ETF 23.6 39 36 0.2 +129.4
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ET 22.3 85 -10 1.2 +130.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 21.1 60 15 2.9 +132.0
STCE Schwab Crypto Thematic ETF 20.4 30 45 -3.9 +125.3
BLOK Amplify Transformational Data Sharing ETF 19.4 71 4 3.2 +132.4
TWEB SoFi Web 3 ETF 15.0 59 16 -15.7 +113.4
PUNK Subversive Metaverse ETF 8.0 75 0 2.7 +131.9
TINY ProShares Nanotechnology ETF 8.0 58 17 1.8 +130.9
SOXQ Invesco PHLX Semiconductor ETF 8.0 19 56 7.5 +136.6
SMH VanEck Semiconductor ETF 8.0 35 40 6.9 +136.1
ARVR First Trust Indxx Metaverse ETF 8.0 70 5 4.7 +133.9
XNTK SPDR NYSE Technology ETF 8.0 35 40 5.3 +134.5
SOXX iShares PHLX Semiconductor ETF 8.0 40 35 7.4 +136.5
CARZ First Trust NASDAQ Global Auto Index Fund 8.0 70 5 6.6 +135.8
BWEB Bitwise Web3 ETF 7.9 85 -10 2.6 +131.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 7.7 68 7 0.6 +129.8
METV Roundhill Ball Metaverse ETF 7.3 59 16 4.8 +134.0
QTUM Defiance Quantum ETF 6.8 40 35 4.7 +133.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.3 45 30 2.2 +131.4
WUGI AXS Esoterica NextG Economy ETF 6.3 75 0 3.6 +132.7
AOTG AOT Growth and Innovation ETF 6.3 75 0 3.7 +132.9
MOTO SmartETFs Smart Transportation & Technology ETF 6.2 68 7 7.7 +136.9
TRFK Pacer Data and Digital Revolution ETF 6.2 60 15 5.8 +135.0
TECB iShares US Tech Breakthrough Multisector ETF 6.2 40 35 5.4 +134.6
BUZZ VanEck Social Sentiment ETF 6.2 75 0 1.5 +130.6
VPN Global X Data Center REITs & Digital Infrastructure ETF 6.2 50 25 5.8 +135.0
BNGE First Trust S-Network Streaming and Gaming ETF 6.2 70 5 0.7 +129.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 6.2 56 19 6.0 +135.2
XSD SPDR S&P Semiconductor ETF 6.2 35 40 6.8 +135.9
SHOC Strive U.S. Semiconductor ETF 6.2 40 35 7.4 +136.5
GVIP Goldman Sachs Hedge Industry VIP ETF 6.2 45 30 5.6 +134.7
XLK Technology Select Sector SPDR Fund 6.1 10 65 6.3 +135.5
NXTG First Trust Indxx NextG ETF 6.0 70 5 6.9 +136.0
IYW iShares U.S. Technology ETF 6.0 39 36 6.1 +135.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.8 65 10 9.0 +138.1
AIEQ AI Powered Equity ETF 5.4 75 0 -6.1 +123.1
LRND IQ U.S. Large Cap R&D Leaders ETF 5.3 14 61 6.8 +136.0
IXN iShares Global Tech ETF 5.3 40 35 5.9 +135.0
FTEC Fidelity MSCI Information Technology Index ETF 5.3 8 67 6.1 +135.2
VGT Vanguard Information Technology Index Fund 5.3 10 65 6.1 +135.3
QQMG Invesco ESG NASDAQ 100 ETF 5.3 20 55 6.3 +135.5
IGM iShares Expanded Tech Sector ETF 5.2 40 35 5.7 +134.9
RYT Invesco S&P 500 Equal Weight Technology ETF 5.0 40 35 7.0 +136.1
VEGN US Vegan Climate ETF 4.9 60 15 6.2 +135.4
QQQ Invesco QQQ Trust 4.9 20 55 5.9 +135.0
QQQM Invesco NASDAQ 100 ETF 4.9 15 60 6.2 +135.4
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 4.9 50 25 3.7 +132.8
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 4.7 60 15 6.4 +135.5
SPHB Invesco S&P 500 High Beta ETF 4.7 25 50 5.2 +134.3
ALTL Pacer Lunt Large Cap Alternator ETF 4.7 60 15 4.8 +134.0
ITAN Sparkline Intangible Value ETF 4.6 50 25 7.8 +136.9
IQM Franklin Intelligent Machines ETF 4.5 50 25 4.1 +133.2
TIME Clockwise Capital Innovation ETF 4.5 95 -20 3.4 +132.6
LRNZ TrueMark Technology, AI & Deep Learning ETF 4.5 68 7 -1.4 +127.7
ESPO VanEck Video Gaming & eSports ETF 4.5 55 20 7.2 +136.3
SFYF SoFi 50 ETF 4.5 29 46 -7.9 +121.2
SPRX Spear Alpha ETF 4.5 75 0 2.0 +131.2
RUFF Alpha Dog ETF 4.5 90 -15 6.3 +135.5
VERS ProShares Metaverse ETF 4.5 58 17 -5.6 +123.6
ODDS Pacer BlueStar Digital Entertainment ETF 4.5 60 15 6.0 +135.2
XPND First Trust Expanded Technology ETF 4.5 65 10 6.5 +135.7
OALC OneAscent Large Cap Core ETF 4.5 76 -1 6.6 +135.8
FIVG Defiance Next Gen Connectivity ETF 4.4 30 45 8.0 +137.2
TRFM AAM Transformers ETF 4.4 49 26 2.0 +131.2
MVPS Amplify Thematic All-Stars ETF 4.4 49 26 2.1 +131.3
CLNR IQ Cleaner Transport ETF 4.4 45 30 7.2 +136.3
BBLU EA Bridgeway Blue Chip ETF 4.4 15 60 7.1 +136.3
DRIV Global X Autonomous & Electric Vehicles ETF 4.4 68 7 5.0 +134.2
AIQ Global X Future Analytics Tech ETF 4.4 68 7 5.3 +134.4
NULC Nuveen ESG Large-Cap ETF 4.4 20 55 6.4 +135.6
FTXL First Trust Nasdaq Semiconductor ETF 4.4 60 15 7.7 +136.9
XLG Invesco S&P 500 Top 50 ETF 4.2 20 55 6.2 +135.4
DSI iShares MSCI KLD 400 Social ETF 4.2 25 50 6.7 +135.9
FBCG Fidelity Blue Chip Growth ETF 4.2 59 16 2.9 +132.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 4.1 49 26 6.3 +135.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 4.1 21 54 4.7 +133.9
DEMZ Advisors Inner Circle Fund III DEMZ Political Contributions 4.1 45 30 6.8 +135.9
ECOZ TrueMark ESG Active Opportunities ETF 4.1 58 17 5.4 +134.5
ANEW ProShares MSCI Transformational Changes ETF 4.0 45 30 6.0 +135.2
IVLC Invesco US Large Cap Core ESG ETF 4.0 48 27 6.6 +135.8
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 4.0 39 36 6.8 +136.0
ACVF American Conservative Values ETF 4.0 75 0 5.9 +135.1
OEF iShares S&P 100 ETF 3.9 20 55 6.5 +135.7
IETC iShares Evolved U.S. Technology ETF 3.9 18 57 6.0 +135.1
NACP Impact Shares NAACP Minority Empowerment ETF 3.9 49 26 6.6 +135.8
SNPE Xtrackers S&P 500 ESG ETF 3.8 10 65 6.9 +136.1
WOMN Impact Shares YWCA Women's Empowerment ETF 3.8 75 0 6.4 +135.6
ROCI ROC ETF 3.8 49 26 5.5 +134.7
MGK Vanguard Mega Cap Growth ETF 3.7 7 68 5.6 +134.7
VDNI V-Shares US Leadership Diversity ETF 3.7 29 46 6.8 +136.0
SNPG Xtrackers S&P 500 Growth ESG ETF 3.7 15 60 7.1 +136.2
IQSU IQ Candriam ESG US Equity ETF 3.7 9 66 6.3 +135.5
FSST Fidelity Sustainability U.S. Equity ETF 3.7 59 16 6.3 +135.5
FXL First Trust Technology AlphaDEX Fund 3.7 61 14 7.5 +136.6
USXF iShares ESG Advanced MSCI USA ETF 3.6 10 65 6.4 +135.5
VR Global X Metaverse ETF 3.6 50 25 6.7 +135.8
SCHG Schwab U.S. Large-Cap Growth ETF 3.6 40 35 5.2 +134.3
WRND IQ Global Equity R&D Leaders ETF 3.6 18 57 8.5 +137.6
VUG Vanguard Growth Index Fund 3.6 4 71 5.5 +134.7
TMFC Motley Fool 100 Index ETF 3.5 50 25 5.4 +134.5
ILCG iShares Morningstar Growth ETF 3.5 4 71 5.5 +134.7
PRAY FIS Biblically Responsible Risk Managed ETF 3.5 68 7 7.3 +136.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 3.5 49 26 6.6 +135.7
HVAL ALPS Hillman Active Value ETF 3.5 55 20 8.2 +137.3
EGUS iShares ESG Aware MSCI USA Growth ETF 3.5 15 60 5.5 +134.7
IWY iShares Russell Top 200 Growth ETF 3.5 20 55 6.3 +135.4
AVEM Avantis Emerging Markets Equity ETF 3.4 33 42 10.6 +139.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 3.4 30 45 6.6 +135.8
SUSA iShares MSCI USA ESG Select ETF 3.4 25 50 6.5 +135.7
EQWL Invesco Russell Top 200 Equal Weight ETF 3.4 25 50 7.7 +136.9
SUSL iShares ESG MSCI USA Leaders ETF 3.4 10 65 6.8 +135.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 3.4 10 65 6.8 +136.0
LRGE ClearBridge Large Cap Growth ESG ETF 3.4 59 16 4.2 +133.4
IWL iShares Russell Top 200 ETF 3.3 15 60 6.5 +135.7
IWF iShares Russell 1000 Growth ETF 3.3 18 57 6.1 +135.3
VONG Vanguard Russell 1000 Growth Index Fund 3.3 8 67 6.3 +135.4
SFY SoFi Select 500 ETF 3.3 0 75 6.9 +136.1
GAMR ETFMG Video Game Tech ETF 3.3 75 0 7.0 +136.1
SPXN ProShares S&P 500 Ex-Financials ETF 3.3 27 48 6.5 +135.7
BKLC BNY Mellon US Large Cap Core Equity ETF 3.3 0 75 6.6 +135.8
FDVV Fidelity Core Dividend ETF 3.3 29 46 12.1 +141.3
SPXV ProShares S&P 500 Ex-Health Care ETF 3.3 27 48 6.3 +135.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 3.3 10 65 6.3 +135.5
STXG Strive 1000 Growth ETF 3.2 18 57 5.8 +134.9
MGC Vanguard Mega Cap Index Fund 3.2 7 68 6.5 +135.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 3.2 60 15 6.2 +135.4
IVW iShares S&P 500 Growth ETF 3.2 18 57 6.9 +136.1
VOOG Vanguard S&P 500 Growth ETF 3.2 10 65 7.0 +136.1
SPYG SPDR Portfolio S&P 500 Growth ETF 3.2 4 71 7.0 +136.2
XVV iShares ESG Screened S&P 500 ETF 3.2 8 67 6.7 +135.9
HAPY Harbor Corporate Culture Leaders ETF 3.1 36 39 4.9 +134.1
IUSG iShares Core S&P US Growth ETF 3.1 4 71 7.0 +136.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 3.1 10 65 7.0 +136.1
FDWM Fidelity Women's Leadership ETF 3.1 59 16 6.4 +135.5
QUS SPDR MSCI USA StrategicFactors ETF 3.1 15 60 7.2 +136.4
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.1 47 28 -0.9 +128.3
NZUS SPDR MSCI USA Climate Paris Aligned ETF 3.0 10 65 6.3 +135.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 3.0 57 18 5.4 +134.6
HAIL SPDR S&P Kensho Smart Mobility ETF 3.0 45 30 -5.4 +123.8
DGT SPDR Global Dow ETF 3.0 50 25 8.4 +137.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 3.0 35 40 5.6 +134.8
ARKW ARK Web x.0 ETF 3.0 83 -8 -4.8 +124.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 3.0 15 60 6.4 +135.6
SPXE ProShares S&P 500 Ex-Energy ETF 2.9 27 48 6.5 +135.7
ESGV Vanguard ESG U.S. Stock ETF 2.9 9 66 6.5 +135.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 2.9 20 55 6.6 +135.8
ESGU iShares MSCI USA ESG Optimized ETF 2.9 15 60 6.7 +135.8
CWI SPDR MSCI ACWI ex-US ETF 2.9 30 45 8.1 +137.2
VOO VANGUARD S&P 500 ETF 2.8 3 72 6.9 +136.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 2.8 20 55 6.6 +135.7
IVV iShares Core S&P 500 ETF 2.8 3 72 6.9 +136.0
SPY SPDR S&P 500 ETF Trust 2.8 9 66 6.8 +136.0
CATH Global X S&P 500 Catholic Values Custom ETF 2.8 29 46 6.5 +135.7
SPLG SPDR Portfolio S&P 500 ETF 2.8 3 72 6.9 +136.0
VOTE Engine No. 1 Transform 500 ETF 2.8 5 70 6.5 +135.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 2.8 11 64 6.7 +135.8
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 2.7 17 58 6.9 +136.0
XITK SPDR FactSet Innovative Technology ETF 2.7 45 30 0.2 +129.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 2.7 2 73 6.7 +135.9
STRV Strive 500 ETF 2.7 5 70 6.6 +135.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 2.7 7 68 6.7 +135.8
FMIL Fidelity New Millennium ETF 2.7 59 16 6.9 +136.1
FDG American Century Focused Dynamic Growth ETF 2.7 45 30 3.4 +132.6
ARKQ Ark Autonomous Tech. & Robotics ETF 2.7 75 0 2.0 +131.1
OND ProShares On-Demand ETF 2.7 58 17 -5.5 +123.7
ENTR Entrepreneur 30 Fund 2.7 49 26 2.6 +131.7
QUAL iShares MSCI Usa Quality Factor ETF 2.7 15 60 7.9 +137.1
GBUY Goldman Sachs Future Consumer Equity ETF 2.7 75 0 3.2 +132.4
BTEK BlackRock Future Tech ETF 2.7 88 -13 0.8 +129.9
IVSG Invesco Select Growth ETF 2.7 48 27 5.1 +134.3
FMET Fidelity Metaverse ETF 2.7 39 36 5.7 +134.9
SYNB Putnam BioRevolution ETF 2.7 70 5 3.8 +133.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 2.7 12 63 6.8 +135.9
FTGS First Trust Growth Strength ETF 2.7 60 15 8.1 +137.3
CACG ClearBridge All Cap Growth ETF 2.7 53 22 4.4 +133.6
EQOP Natixis U.S. Equity Opportunities ETF 2.7 85 -10 6.5 +135.7
SSPX Janus Henderson U.S. Sustainable Equity ETF 2.7 55 20 4.5 +133.6
GGRW Gabelli Growth Innovators ETF 2.7 90 -15 3.9 +133.1
VIRS Pacer BioThreat Strategy ETF 2.7 70 5 7.5 +136.7
GK AdvisorShares Gerber Kawasaki ETF 2.7 81 -6 5.4 +134.5
NULG Nuveen ESG Large-Cap Growth ETF 2.7 25 50 5.3 +134.5
VNSE Natixis Vaughan Nelson Select ETF 2.7 80 -5 4.5 +133.7
BOTZ Global X Robotics & Artificial Intelligence ETF 2.7 68 7 2.7 +131.9
SXUS Janus Henderson International Sustainable Equity ETF 2.7 60 15 4.4 +133.6
PSI Invesco Dynamic Semiconductors ETF 2.7 56 19 7.4 +136.6
YALL God Bless America ETF 2.7 65 10 4.3 +133.5
PBUS Invesco PureBeta MSCI USA ETF 2.7 4 71 6.8 +136.0
VV Vanguard Large-Cap Index Fund 2.7 4 71 6.7 +135.9
ILCB iShares Morningstar U.S. Equity ETF 2.6 3 72 6.8 +135.9
KOCG FIS Knights of Columbus Global Belief ETF 2.6 75 0 8.0 +137.2
SCHX Schwab U.S. Large-Cap ETF 2.6 3 72 6.7 +135.9
SPTM SPDR Portfolio Total Stock Market ETF 2.6 3 72 7.0 +136.2
CGGO Capital Group Global Growth Equity ETF 2.6 47 28 4.9 +134.1
SCHK Schwab 1000 Index ETF 2.6 5 70 6.7 +135.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.5 65 10 5.9 +135.0
IYY iShares Dow Jones U.S. ETF 2.5 20 55 6.5 +135.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.5 9 66 7.0 +136.2
VONE Vanguard Russell 1000 ETF 2.5 8 67 6.7 +135.8
DFUS Dimensional U.S. Equity ETF 2.5 11 64 6.7 +135.9
IWB iShares Russell 1000 ETF 2.5 15 60 6.6 +135.8
RVRB Reverb ETF 2.5 30 45 6.7 +135.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.5 65 10 2.4 +131.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 2.5 14 61 6.6 +135.7
ESG FlexShares STOXX US ESG Impact Index Fund 2.4 32 43 6.6 +135.7
SCHB Schwab U.S. Broad Market ETF 2.4 3 72 6.6 +135.8
ARKG ARK Genomic Revolution ETF 2.4 75 0 -11.7 +117.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 2.4 3 72 6.5 +135.7
DEIF Sterling Capital Diverse Multi-Manager Active ETF 2.4 65 10 7.7 +136.9
INNO Harbor Disruptive Innovation ETF 2.4 75 0 -3.6 +125.5
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 2.4 20 55 7.2 +136.4
VTHR Vanguard Russell 3000 Index Fund 2.4 10 65 6.5 +135.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.4 39 36 -1.2 +128.0
IWV iShares Russell 3000 ETF 2.4 20 55 6.4 +135.6
RFFC RiverFront Dynamic US Flex-Cap ETF 2.4 52 23 7.1 +136.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 2.4 63 12 5.1 +134.3
VTI Vanguard Total Stock Market Index Fund 2.3 3 72 6.5 +135.7
JMOM JPMorgan U.S. Momentum Factor ETF 2.3 12 63 7.5 +136.6
FEMA Procure Disaster Recovery Strategy ETF 2.3 75 0 5.9 +135.0
PEXL Pacer US Export Leaders ETF 2.3 60 15 7.3 +136.5
JQUA JPMorgan U.S. Quality Factor ETF 2.3 12 63 7.3 +136.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.2 52 23 8.8 +137.9
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 2.2 15 60 6.6 +135.8
CVAR Cultivar ETF 2.2 87 -12 8.7 +137.9
BKUS BNY Mellon Sustainable US Equity ETF 2.2 60 15 5.9 +135.0
RNLC Large Cap US Equity Select ETF 2.1 60 15 7.7 +136.9
DFAU Dimensional US Core Equity Market ETF 2.1 12 63 6.9 +136.1
LRGF iShares Edge MSCI Multifactor USA ETF 2.0 8 67 7.9 +137.1
XT iShares Exponential Technologies ETF 2.0 46 29 3.8 +132.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 2.0 9 66 7.4 +136.6
ADME Aptus Drawdown Managed Equity ETF 2.0 79 -4 6.0 +135.2
FFTY Innovator IBD 50 ETF 2.0 80 -5 2.3 +131.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 2.0 19 56 7.9 +137.0
QWLD SPDR MSCI World StrategicFactors ETF 2.0 30 45 7.6 +136.7
XSW SPDR S&P Software & Services ETF 2.0 35 40 3.2 +132.4
RSPE Invesco ESG S&P 500 Equal Weight ETF 2.0 20 55 8.0 +137.2
TOK iShares MSCI Kokusai ETF 1.9 25 50 7.0 +136.1
KOKU Xtrackers MSCI Kokusai Equity ETF 1.9 9 66 7.2 +136.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.9 25 50 7.4 +136.6
GMF SPDR S&P Emerging Asia Pacific ETF 1.8 49 26 7.9 +137.1
CIRC JPMorgan Sustainable Consumption ETF 1.8 49 26 5.8 +135.0
FRDM Freedom 100 Emerging Markets ETF 1.8 49 26 9.4 +138.5
TMFG Motley Fool Global Opportunities ETF 1.8 85 -10 4.5 +133.6
JIG JPMorgan International Growth ETF 1.8 55 20 5.2 +134.3
UMMA Wahed Dow Jones Islamic World ETF 1.8 65 10 5.3 +134.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.8 78 -3 10.5 +139.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 1.8 29 46 7.5 +136.6
NTZG Nuveen Global Net Zero Transition ETF 1.8 55 20 6.1 +135.3
BKCI BNY Mellon Concentrated International ETF 1.8 80 -5 4.5 +133.7
DIVS SmartETFs Dividend Builder ETF 1.8 65 10 5.9 +135.0
URTH iShares MSCI World ETF 1.8 24 51 7.1 +136.2
GRZZ Grizzle Growth ETF 1.8 75 0 7.9 +137.1
LOUP Innovator Loup Frontier Tech ETF 1.8 70 5 2.1 +131.3
RAFE PIMCO RAFI ESG U.S. ETF 1.8 29 46 8.9 +138.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 63 6.7 +135.9
BOSS Global X Founder-Run Companies ETF 1.8 45 30 3.6 +132.8
JOET Virtus Terranova US Quality Momentum ETF 1.7 29 46 7.2 +136.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.7 39 36 13.9 +143.1
NULV Nuveen ESG Large-Cap Value ETF 1.7 25 50 8.6 +137.8
EDOW First Trust Dow 30 Equal Weight ETF 1.7 50 25 7.5 +136.7
ESGS Columbia Sustainable U.S. Equity Income ETF 1.7 35 40 8.5 +137.6
OCEN IQ Clean Oceans ETF 1.7 45 30 6.8 +135.9
IDAT iShares Cloud 5G and Tech ETF 1.7 47 28 6.5 +135.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 1.7 38 37 7.5 +136.7
WBIY WBI Power Factor High Dividend ETF 1.7 70 5 13.3 +142.5
SPVU Invesco S&P 500 Enhanced Value ETF 1.7 13 62 13.2 +142.3
RNDV US Equity Dividend Select ETF 1.7 50 25 10.0 +139.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.7 50 25 7.7 +136.9
DUSA Davis Select U.S. Equity ETF 1.7 61 14 10.3 +139.4
SDOG ALPS Sector Dividend Dogs ETF 1.7 40 35 11.4 +140.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 1.7 7 68 10.5 +139.6
VLUE iShares MSCI USA Value Factor ETF 1.7 15 60 12.4 +141.6
DIVB iShares Core Dividend 1.7 5 70 9.5 +138.7
TDV ProShares S&P Technology Dividend Aristocrats ETF 1.7 46 29 7.6 +136.8
NUDV Nuveen ESG Dividend ETF 1.7 25 50 8.2 +137.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 55 7.5 +136.7
HLAL Wahed FTSE USA Shariah ETF 1.7 50 25 6.4 +135.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 1.6 25 50 8.3 +137.4
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 20 8.6 +137.7
ACWI iShares MSCI ACWI ETF 1.6 32 43 7.2 +136.3
JHML John Hancock Multifactor Large Cap ETF 1.6 29 46 7.1 +136.3
DFUV Dimensional US Marketwide Value ETF 1.5 23 52 9.5 +138.7
DWLD Davis Select Worldwide ETF 1.5 62 13 9.2 +138.3
VT Vanguard Total World Stock ETF 1.5 7 68 7.3 +136.4
FLQL Franklin LibertyQ U.S. Equity ETF 1.5 15 60 8.4 +137.6
RYJ Invesco Raymond James SB-1 Equity ETF 1.5 81 -6 5.9 +135.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 1.5 25 50 8.2 +137.4
ROBO Robo Global Robotics & Automation Index ETF 1.5 95 -20 3.4 +132.6
KOMP SPDR Kensho New Economies Composite ETF 1.5 20 55 -1.3 +127.9
ARKF ARK Fintech Innovation ETF 1.5 75 0 -2.3 +126.9
EQUL IQ Engender Equality ETF 1.5 45 30 7.8 +136.9
FFND Future Fund Active ETF 1.4 101 -26 2.7 +131.8
SPYD SPDR S&P 500 High Dividend ETF 1.4 7 68 11.3 +140.4
FDRR Fidelity Dividend ETF for Rising Rates 1.4 29 46 9.8 +139.0
PRF Invesco FTSE RAFI US 1000 ETF 1.4 39 36 8.3 +137.4
KRMA Global X Conscious Companies ETF 1.4 43 32 6.9 +136.1
QLC FlexShares US Quality Large Cap Index Fund 1.3 25 50 7.6 +136.8
SNPV Xtrackers S&P ESG Value ETF 1.3 15 60 8.0 +137.2
IUS Invesco Strategic US ETF 1.3 19 56 8.1 +137.3
HEET Hartford Schroders ESG US Equity ETF 1.3 39 36 7.6 +136.8
FVD First Trust Value Line Dividend Index Fund 1.3 67 8 6.9 +136.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 15 6.2 +135.4
IWX iShares Russell Top 200 Value ETF 1.3 20 55 8.0 +137.1
IVE iShares S&P 500 Value ETF 1.3 18 57 7.2 +136.3
VOOV Vanguard S&P 500 Value ETF 1.3 10 65 7.3 +136.4
SPYV SPDR Portfolio S&P 500 Value ETF 1.3 4 71 7.3 +136.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 1.2 28 47 7.2 +136.4
AVUS Avantis U.S. Equity ETF 1.2 15 60 7.8 +137.0
TTAC TrimTabs US Free Cash Flow Quality ETF 1.2 59 16 8.2 +137.3
DIVD Altrius Global Dividend ETF 1.2 49 26 12.1 +141.3
IUSV iShares Core S&P U.S. Value ETF 1.2 4 71 7.5 +136.6
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 4 71 7.6 +136.8
QDF FlexShares Quality Dividend Index Fund 1.1 37 38 8.7 +137.9
FDLO Fidelity Low Volatility Factor ETF 1.1 29 46 6.5 +135.6
QDEF FlexShares Quality Dividend Defensive Index Fund 1.1 37 38 7.7 +136.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 1.1 37 38 9.4 +138.6
VLU SPDR S&P 1500 Value Tilt ETF 1.1 12 63 8.8 +138.0
ETHO Etho Climate Leadership U.S. ETF 1.1 47 28 5.3 +134.5
SRHQ SRH U.S. Quality ETF 1.1 35 40 9.1 +138.2
ACWF iShares MSCI Global Multifactor ETF 1.1 35 40 9.8 +139.0
WDIV SPDR Global Dividend ETF 1.0 40 35 11.8 +141.0
STXV Strive 1000 Value ETF 1.0 18 57 9.3 +138.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 1.0 75 0 7.7 +136.9
FTA First Trust Large Cap Value AlphaDEX Fund 1.0 59 16 10.2 +139.3
VWO Vanguard FTSE Emerging Markets ETF 1.0 8 67 8.8 +137.9
DFAC Dimensional U.S. Core Equity 2 ETF 1.0 19 56 7.5 +136.7
FINX Global X FinTech Thematic ETF 0.9 68 7 5.2 +134.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.9 15 60 14.3 +143.5
CGGR Capital Group Growth ETF 0.9 39 36 5.0 +134.1
MGV Vanguard Mega Cap Value ETF 0.9 7 68 8.4 +137.5
DLN WisdomTree U.S. LargeCap Dividend Fund 0.9 28 47 7.9 +137.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.9 11 64 7.1 +136.3
VYM Vanguard High Dividend Yield Index ETF 0.9 6 69 8.8 +137.9
GSPY Gotham Enhanced 500 ETF 0.9 50 25 7.1 +136.3
VSLU Applied Finance Valuation Large Cap ETF 0.9 49 26 8.0 +137.2
RPV Invesco S&P 500 Pure Value ETF 0.9 35 40 14.1 +143.2
JIDA JPMorgan ActiveBuilders International Equity ETF 0.9 25 50 7.6 +136.8
KVLE KFA Value Liner Dynamic Core Equity Index ETF 0.9 55 20 7.3 +136.5
IWD iShares Russell 1000 Value ETF 0.9 18 57 8.0 +137.2
VONV Vanguard Russell 1000 Value Index Fund 0.9 8 67 8.1 +137.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.9 18 57 8.4 +137.6
SQEW LeaderShares Equity Skew ETF 0.8 75 0 6.5 +135.7
RWL Invesco S&P 500 Revenue ETF 0.8 39 36 7.9 +137.1
DTD WisdomTree U.S.Total Dividend Fund 0.8 28 47 8.3 +137.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.8 42 33 7.1 +136.3
ROUS Hartford Multifactor US Equity ETF 0.8 19 56 8.7 +137.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -20 16.8 +145.9
EPS WisdomTree U.S. Earnings 500 Fund 0.8 8 67 8.3 +137.5
JVAL JPMorgan U.S. Value Factor ETF 0.8 12 63 10.2 +139.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.8 9 66 7.1 +136.3
HLGE Hartford Longevity Economy ETF 0.8 44 31 8.6 +137.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 31 44 8.9 +138.1
VTV Vanguard Value Index Fund 0.7 4 71 8.6 +137.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.7 20 55 8.8 +137.9
IOO iShares Global 100 ETF 0.7 40 35 7.2 +136.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.7 52 23 6.6 +135.8
CGDV Capital Group Dividend Value ETF 0.7 33 42 6.9 +136.1
TPLC Timothy Plan US Large Cap Core ETF 0.7 52 23 7.2 +136.3
ILCV iShares Morningstar Value ETF 0.7 4 71 8.4 +137.5
BOUT Innovator IBD Breakout Opportunities ETF 0.7 80 -5 7.0 +136.1
RSP Invesco S&P 500 Equal Weight ETF 0.7 20 55 7.4 +136.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 7 68 8.3 +137.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 16 8.3 +137.5
CLRG IQ Chaikin U.S. Large Cap ETF 0.7 25 50 6.9 +136.1
HKND Humankind US Stock ETF 0.7 11 64 8.4 +137.6
SCHV Schwab U.S. Large-Cap Value ETF 0.7 4 71 8.1 +137.3
SIZE iShares MSCI USA Size Factor ETF 0.6 15 60 7.2 +136.4
BRNY Burney U.S. Factor Rotation ETF 0.6 79 -4 9.3 +138.5
YLDE ClearBridge Dividend Strategy ESG ETF 0.6 59 16 6.6 +135.7
ROAM Hartford Multifactor Emerging Markets ETF 0.6 44 31 13.3 +142.5
EUSA iShares MSCI USA Equal Weighted ETF 0.6 9 66 7.3 +136.4
DIA SPDR Dow Jones Industrial Average ETF Trust 0.6 16 59 7.2 +136.3
RECS Columbia Research Enhanced Core ETF 0.6 15 60 7.8 +136.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 69 6 11.9 +141.0
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 53 6.7 +135.9
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.5 48 27 7.8 +136.9
SSPY Syntax Stratified LargeCap ETF 0.5 30 45 7.7 +136.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.5 35 40 7.7 +136.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.5 35 40 7.7 +136.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 57 9.1 +138.3
GENY Principal Millennials Index ETF 0.5 45 30 6.7 +135.9
QGRO American Century STOXX U.S. Quality Growth ETF 0.4 29 46 7.2 +136.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 63 7.3 +136.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 50 7.8 +137.0
REVS Columbia Research Enhanced Value ETF 0.4 19 56 9.6 +138.8
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 40 9.4 +138.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.3 59 16 6.7 +135.8
JAVA JPMorgan Active Value ETF 0.3 44 31 7.2 +136.4
AFLG First Trust Active Factor Large Cap ETF 0.3 55 20 8.2 +137.4
IWN iShares Russell 2000 Value ETF 0.2 23 52 6.7 +135.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 55 7.2 +136.4
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 60 6.7 +135.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 55 9.3 +138.5
MEM Matthews Emerging Markets Equity Active ETF 0.2 79 -4 6.8 +135.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.2 17 58 8.7 +137.9
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 50 11.9 +141.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 66 5.1 +134.3
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 50 5.6 +134.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 63 12 5.3 +134.5
DFEV Dimensional Emerging Markets Value ETF 0.2 43 32 13.9 +143.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 39 36 10.1 +139.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 5.8 +135.0
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 57 6.6 +135.8
IWM iShares Russell 2000 ETF 0.1 19 56 4.9 +134.0
VBK Vanguard Small-Cap Growth Index Fund 0.1 7 68 1.8 +131.0
IWC iShares Micro-Cap ETF 0.1 60 15 -4.6 +124.6
VTWO Vanguard Russell 2000 Index Fund 0.1 10 65 4.9 +134.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 69 2.3 +131.4
YPS Arrow Reverse Cap 500 ETF 0.1 29 46 7.1 +136.3
AVDV Avantis International Small Cap Value ETF 0.1 36 39 10.3 +139.4
SCHA Schwab U.S. Small-Cap ETF 0.1 4 71 6.0 +135.2
ISCB iShares Morningstar Small-Cap ETF 0.1 4 71 5.6 +134.8
SPMV Invesco S&P 500 Minimum Variance ETF 0.1 10 65 6.6 +135.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.1 6 69 5.9 +135.1
PGJ Invesco Golden Dragon China ETF 0.1 70 5 4.5 +133.7
VB Vanguard Small-Cap ETF 0.1 5 70 6.4 +135.6
IGV iShares Expanded Tech-Software ETF 0.0 40 35 4.6 +133.7
VSGX Vanguard ESG International Stock ETF 0.0 12 63 7.8 +137.0
GWX SPDR S&P International Small Cap ETF 0.0 40 35 6.1 +135.3
VXF Vanguard Extended Market Index Fund 0.0 6 69 4.5 +133.7
EES WisdomTree SmallCap Earnings Fund 0.0 38 37 13.3 +142.5
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 9.0 +138.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 46 10.6 +139.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 10 7.9 +137.1
AVDE Avantis International Equity ETF 0.0 23 52 9.3 +138.5
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 9.5 +138.7
IWO iShares Russell 2000 Growth ETF 0.0 23 52 3.1 +132.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 64 8.7 +137.8
VTWG Vanguard Russell 2000 Growth Index Fund 0.0 15 60 3.2 +132.3

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

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 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 -74.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -129.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.26 CATEGORY
AVERAGE		 1.48
 
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.