iShares Global Timber & Forestry ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 SPECULATIVE
2021E    2022E
P/E
ratio		 8.8x P/Sales
ratio		 1.0x
P/BV
ratio		 1.1x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Timber & Forestry Index Fund seeks investment results that correspond to the price and yield performance of the S&P Global Timber & Forestry Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 24, 2008
Assets (mns) $319
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $11,222
Large cap (>$10bn) 46.6%
Mid cap ($2-10bn) 46.7%
Small cap (<$2bn) 6.7%
Developed mkts 91.4%
Emerging mkts 8.6%

TOP TEN HOLDINGS
RAYONIER INC 9.1 %
WEST FRASER TIMBER CO LTD 8.4 %
WEYERHAEUSER CO 7.8 %
SVENSKA CELLULOSA AB-B SHS 7.7 %
POTLATCH CORP 6.5 %
SMURFIT KAPPA GROUP PLC 4.5 %
HOLMEN AB-B SHARES 4.4 %
INTERNATIONAL PAPER CO 4.3 %
UPM-KYMMENE OYJ 4.2 %
MONDI PLC 4.1 %
Total 61.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 35.3 %
SWEDEN 15.7 %
CANADA 13.1 %
FINLAND 9.9 %
JAPAN 9.3 %
BRAZIL 6.5 %
IRELAND 4.5 %
BRITAIN 4.1 %
SOUTH AFRICA 1.4 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.0% 57.1% 15.6% 8.9% 6.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 73%
MSCI EAFE 1.25 75%
MSCI Emg. Mkts. 1.10 70%

Technical Indicators
Recent close $88.70
30d moving avg. $86.91
Annualized volatility 26.5%
Short interest (ETF) 1.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 95
Turnover 2.6%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $1,143

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 544 potential alternatives to the iShares Global Timber & Forestry ETF ETF based on the alternatives' overlap in portfolio holdings with WOOD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WOOD Expense: 46 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WOOD
Ticker Fund
Name		 Overlap1
vs WOOD
(%)		 Expense
ratio
(bp)		 Savings
vs WOOD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs WOOD
(%)
CUT Invesco MSCI Global Timber ETF 52.6 61 -15 7.2 -1.3
GNR SPDR S&P Global Natural Resources ETF 13.7 40 6 6.1 -2.4
GRES IQ Global Resources ETF 10.1 78 -32 6.2 -2.3
EFNL iShares MSCI Finland Capped ETF 9.1 53 -7 4.5 -4.0
FTRI First Trust Indxx Global Natural Resources Income ETF 7.3 70 -24 11.0 +2.5
RTM Invesco S&P 500 Equal Weight Materials ETF 6.7 40 6 5.1 -3.4
SPRE SP Funds S&P Global REIT Sharia ETF 6.1 69 -23 3.3 -5.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 5.6 85 -39 3.5 -5.0
JHMA John Hancock Multifactor Materials ETF 5.5 40 6 5.7 -2.8
IVRA Invesco Real Assets ESG ETF 4.9 59 -13 4.7 -3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.8 46 0 5.9 -2.6
EIRL iShares MSCI Ireland Capped ETF 4.5 51 -5 4.6 -3.9
MXI iShares Global Materials ETF 4.3 45 1 5.3 -3.2
WBIY WBI Power Factor High Dividend ETF 4.3 70 -24 8.6 +0.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 4.3 39 7 8.3 -0.2
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 3.9 75 -29 6.4 -2.1
XLB Materials Select Sector SPDR Fund 3.8 12 34 5.0 -3.5
VSL Volshares Large Capital ETF 3.8 65 -19 6.4 -2.1
SDEI Sound Equity Income ETF 3.5 45 1 8.7 +0.2
GQRE FlexShares Global Quality Real Estate Index Fund 3.5 45 1 5.5 -3.0
DWCR Arrow DWA Country Rotation ETF 3.5 136 -90 4.5 -4.0
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 3.4 40 6 4.7 -3.8
SDG iShares Sustainable MSCI Global Impact ETF 3.2 49 -3 6.4 -2.0
VAW Vanguard Materials Index Fund 3.1 10 36 5.5 -3.0
FMAT Fidelity MSCI Materials Index ETF 3.1 8 38 5.5 -3.0
EWZ iShares MSCI Brazil Capped ETF 3.0 59 -13 5.7 -2.8
HAP VanEck Vectors Natural Resources ETF 3.0 50 -4 5.1 -3.4
PSCM Invesco S&P SmallCap Materials ETF 2.8 29 17 6.1 -2.4
PSR Invesco Active U.S. Real Estate Fund 2.8 35 11 4.5 -4.0
XLRE The Real Estate Select Sector SPDR Fund 2.7 12 34 4.6 -3.9
QDIV Global X S&P 500 Quality Dividend ETF 2.6 20 26 6.6 -1.9
FXZ First Trust Materials AlphaDEX Fund 2.4 67 -21 7.3 -1.2
IYR iShares U.S. Real Estate ETF 2.4 42 4 4.8 -3.7
FLBR Franklin FTSE Brazil ETF 2.4 19 27 6.8 -1.6
SYLD Cambria Shareholder Yield ETF 2.4 59 -13 7.6 -0.8
SPVM Invesco S&P 500 Value with Momentum ETF 2.4 39 7 7.2 -1.3
SCHH Schwab U.S. REIT ETF 2.4 7 39 4.9 -3.6
FREL Fidelity MSCI Real Estate Index ETF 2.4 9 38 5.0 -3.5
AMER Emles Made in America ETF 2.3 49 -3 6.9 -1.5
FLN First Trust Latin America AlphaDEX Fund 2.2 80 -34 7.3 -1.2
IGE iShares North American Natural Resources ETF 2.2 46 0 4.1 -4.4
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 2.2 85 -39 5.1 -3.4
ISVL iShares International Developed Small Cap Value Factor ETF 2.2 30 16 7.0 -1.5
RFEU First Trust Riverfront Dynamic Europe ETF 2.2 83 -37 5.5 -2.9
GBDV Global Beta Smart Income ETF 2.1 29 17 8.3 -0.2
VNQ Vanguard REIT Index Fund 2.0 12 34 4.9 -3.6
EQRR ProShares Equities for Rising Rates ETF 2.0 35 11 5.9 -2.6
SDOG ALPS Sector Dividend Dogs ETF 1.9 40 6 8.0 -0.5
COWZ Pacer US Cash Cows 100 ETF 1.9 49 -3 8.8 +0.3
SPDV AAM S&P 500 High Dividend Value ETF 1.9 29 17 8.3 -0.2
VOE Vanguard Mid-Cap Value Index Fund 1.9 7 39 6.1 -2.4
FYLD Cambria Foreign Shareholder Yield ETF 1.9 59 -13 7.6 -0.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 1.8 30 16 7.3 -1.2
DVY iShares Select Dividend ETF 1.8 39 7 7.6 -0.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.8 35 11 6.6 -1.9
FLLA Franklin FTSE Latin America ETF 1.7 19 27 6.6 -1.9
EWD iShares MSCI Sweden ETF 1.7 51 -5 5.2 -3.3
PEY Invesco High Yield Equity Dividend Achievers ETF 1.6 52 -6 7.3 -1.2
VALQ American Century STOXX U.S. Quality Value ETF 1.5 29 17 6.7 -1.8
ONEY SPDR Russell 1000 Yield Focus ETF 1.5 20 26 7.4 -1.1
IMCV iShares Morningstar Mid-Cap Value ETF 1.4 6 40 6.2 -2.3
JDIV JPMorgan U.S. Dividend ETF 1.4 12 34 6.7 -1.8
NANR SPDR S&P North American Natural Resources ETF 1.4 35 11 4.1 -4.4
RPV Invesco S&P 500 Pure Value ETF 1.4 35 11 8.9 +0.5
DIM WisdomTree International MidCap Dividend Fund 1.3 58 -12 6.7 -1.8
DOO WisdomTree International Dividend ex-Financials Fund 1.3 58 -12 7.4 -1.1
HOMZ Hoya Capital Housing ETF 1.3 30 16 6.8 -1.7
WWJD Inspire International ESG ETF 1.3 80 -34 5.4 -3.1
VUSE Vident Core US Equity Fund 1.3 48 -2 6.8 -1.7
TPIF Timothy Plan International ETF 1.3 62 -16 5.9 -2.6
MAGA Point Bridge GOP Stock Tracker ETF 1.3 72 -26 4.6 -3.9
BLES Inspire Global Hope Large Cap ETF 1.3 52 -6 4.9 -3.6
SPYD SPDR S&P 500 High Dividend ETF 1.3 7 39 8.0 -0.5
MGMT Ballast Small/Mid Cap ETF 1.2 110 -64 5.3 -3.2
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -14 8.4 -0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 1.2 38 8 6.9 -1.5
FTA First Trust Large Cap Value AlphaDEX Fund 1.2 60 -14 7.4 -1.1
LRGF iShares Edge MSCI Multifactor USA ETF 1.2 20 26 6.2 -2.3
PIZ Invesco DWA Developed Markets Momentum ETF 1.2 80 -34 4.7 -3.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.2 29 17 6.6 -1.9
FEUZ First Trust Eurozone AlphaDEX ETF 1.2 80 -34 7.8 -0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 1.2 35 11 7.6 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.2 45 1 5.8 -2.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 1.2 29 17 7.1 -1.4
FDVV Fidelity Core Dividend ETF 1.2 29 17 6.1 -2.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 1.2 20 26 7.1 -1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 1.1 40 6 5.7 -2.8
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -37 5.1 -3.4
RYJ Invesco Raymond James SB-1 Equity ETF 1.1 76 -30 3.3 -5.2
RNEM First Trust Emerging Markets Equity Select ETF 1.1 75 -29 10.8 +2.3
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 21 5.2 -3.3
JPIN JPMorgan Diversified Return International Equity ETF 1.1 37 9 7.6 -0.8
IDV iShares International Select Dividend ETF 1.1 49 -3 9.4 +0.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.1 80 -34 4.9 -3.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.1 24 22 6.8 -1.7
NUSC Nuveen ESG Small-Cap ETF 1.1 40 6 3.8 -4.7
KBWY Invesco KBW Premium Yield Equity REIT ETF 1.0 35 11 6.5 -2.0
CIL VictoryShares International Volatility Weighted Index ETF 1.0 45 1 6.2 -2.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 1.0 17 29 6.1 -2.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 1.0 45 1 6.2 -2.2
REVS Columbia Research Enhanced Value ETF 1.0 19 27 6.6 -1.9
RESD WisdomTree International ESG Fund 1.0 30 16 5.6 -2.8
FJP First Trust Japan AlphaDEX Fund 1.0 80 -34 8.0 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.0 29 17 7.2 -1.3
DVLU First Trust Dorsey Wright Momentum & Value ETF 1.0 60 -14 8.9 +0.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 1.0 30 16 7.4 -1.1
QDF FlexShares Quality Dividend Index Fund 1.0 37 9 5.9 -2.6
IDLV Invesco S&P International Developed Low Volatility ETF 1.0 25 21 5.7 -2.8
BICK First Trust BICK Index Fund 1.0 64 -18 5.7 -2.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 1.0 17 29 5.5 -3.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 1.0 45 1 8.2 -0.3
QINT American Century Quality Diversified International ETF 0.9 39 7 6.7 -1.8
IWS iShares Russell Mid-Cap Value ETF 0.9 24 22 5.5 -3.0
WDIV SPDR Global Dividend ETF 0.9 40 6 8.6 +0.1
SPHB Invesco S&P 500 High Beta ETF 0.9 25 21 4.0 -4.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.9 24 22 5.5 -3.0
FKU First Trust United Kingdom AlphaDEX Fund 0.9 80 -34 7.5 -1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 0.9 35 11 7.1 -1.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 0.9 37 9 7.1 -1.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -34 7.0 -1.4
AVDV Avantis International Small Cap Value ETF 0.9 36 10 6.4 -2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.9 20 26 6.2 -2.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 0.9 29 17 5.3 -3.2
VO Vanguard Mid-Cap Index Fund 0.9 4 42 4.3 -4.2
XMVM Invesco S&P MidCap Value with Momentum ETF 0.9 39 7 8.5 +0.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.9 58 -12 6.9 -1.6
TPHD Timothy Plan High Dividend Stock ETF 0.9 52 -6 5.5 -3.0
DON WisdomTree U.S. MidCap Dividend Fund 0.9 38 8 6.5 -2.0
JHMD John Hancock Multifactor Developed International ETF 0.9 39 7 6.3 -2.2
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 -9 7.1 -1.4
SPVU Invesco S&P 500 Enhanced Value ETF 0.8 13 33 8.5 -0.0
EZU iShares MSCI Eurozone ETF 0.8 51 -5 5.5 -3.0
EURZ Xtrackers Eurozone Equity ETF 0.8 9 37 5.9 -2.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 0.8 37 9 5.7 -2.8
RODE Hartford Multifactor Diversified International ETF 0.8 29 17 9.6 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 0.8 20 26 7.7 -0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 0.8 30 16 5.9 -2.6
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 -4 6.9 -1.6
EFV iShares MSCI EAFE Value ETF 0.8 39 7 8.1 -0.4
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.8 61 -15 5.0 -3.5
YLDE ClearBridge Dividend Strategy ESG ETF 0.8 60 -14 4.4 -4.0
SCHD Schwab U.S. Dividend Equity ETF 0.7 6 40 7.1 -1.4
KLCD KFA Large Cap Quality Dividend Index ETF 0.7 42 4 5.5 -3.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.7 47 -1 5.5 -3.0
FVAL Fidelity Value Factor ETF 0.7 29 17 6.4 -2.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 12 7.3 -1.2
AVDE Avantis International Equity ETF 0.7 23 23 6.7 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 7 6.3 -2.2
VLUE iShares MSCI USA Value Factor ETF 0.7 15 31 9.5 +1.0
AFLG First Trust Active Factor Large Cap ETF 0.7 55 -9 5.0 -3.5
DSTL Distillate US Fundamental Stability & Value ETF 0.7 39 7 6.2 -2.3
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 42 4.6 -3.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.7 4 42 4.6 -3.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.7 20 26 5.9 -2.6
IYJ iShares U.S. Industrials ETF 0.7 42 4 4.8 -3.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.7 12 34 5.5 -3.0
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 4 4.6 -3.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.7 58 -12 8.1 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 0.7 9 37 6.5 -2.0
DFJ WisdomTree Japan SmallCap Dividend Fund 0.7 58 -12 8.0 -0.4
IEV iShares Europe ETF 0.7 59 -13 6.0 -2.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.7 23 23 7.1 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.7 70 -24 7.5 -1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.7 14 32 5.6 -2.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.7 28 18 6.0 -2.5
IEUR iShares Core MSCI Europe ETF 0.7 9 37 6.3 -2.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 28 5.8 -2.7
XMHQ Invesco S&P MidCap Quality ETF 0.6 25 21 5.9 -2.6
FDEV Fidelity Targeted International Factor ETF 0.6 39 7 5.6 -2.9
FBZ First Trust Brazil AlphaDEX Fund 0.6 80 -34 5.2 -3.3
SQLV Legg Mason Small-Cap Quality Value 0.6 62 -16 5.3 -3.1
WLDR Affinity World Leaders Equity ETF 0.6 67 -21 7.7 -0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 0 6.0 -2.5
DHS WisdomTree U.S. High Dividend Fund 0.6 38 8 7.8 -0.7
SPEU SPDR Portfolio Europe ETF 0.6 9 37 6.3 -2.2
SCHC Schwab International Small-Cap Equity ETF 0.6 11 35 4.9 -3.5
USMF WisdomTree U.S. Multifactor Fund 0.6 28 18 6.7 -1.8
IEUS iShares MSCI Europe Small-Cap ETF 0.6 40 6 4.6 -3.9
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 -13 5.2 -3.3
IWR iShares Russell Midcap ETF 0.6 19 27 4.5 -4.0
RESE WisdomTree Emerging Markets ESG Fund 0.6 32 14 7.5 -1.0
SCJ iShares MSCI Japan Small-Cap ETF 0.6 51 -5 5.8 -2.7
IQIN IQ 500 International ETF 0.6 25 21 7.6 -0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 37 4.7 -3.8
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 4 4.8 -3.7
DFAI Dimensional International Core Equity Market ETF 0.6 18 28 6.1 -2.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 34 5.9 -2.5
SVAL iShares US Small Cap Value Factor ETF 0.6 20 26 7.8 -0.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.6 29 17 5.0 -3.5
TUSA First Trust Total US Market AlphaDEX ETF 0.6 70 -24 5.7 -2.8
BIBL Inspire ETF 0.6 35 11 4.2 -4.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 1 7.2 -1.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.5 60 -14 6.1 -2.4
RSP Invesco S&P 500 Equal Weight ETF 0.5 20 26 5.1 -3.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 26 5.0 -3.5
VGK Vanguard FTSE Europe ETF 0.5 8 38 6.4 -2.1
EWU iShares MSCI United Kingdom ETF 0.5 51 -5 6.8 -1.7
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 -19 6.0 -2.5
FLEE Franklin FTSE Europe ETF 0.5 9 37 6.3 -2.2
FLEH Franklin FTSE Europe Hedged ETF 0.5 9 37 6.3 -2.2
ESGD iShares MSCI EAFE ESG Optimized ETF 0.5 20 26 6.0 -2.5
DWM WisdomTree International Equity Fund 0.5 48 -2 6.8 -1.7
RNDM First Trust Developed International Equity Select ETF 0.5 65 -19 5.5 -3.0
FLZA Franklin FTSE South Africa ETF 0.5 19 27 9.6 +1.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.5 15 31 5.7 -2.7
ESGN Columbia Sustainable International Equity Income ETF 0.5 45 1 8.6 +0.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 7 5.1 -3.4
FDT First Trust Developed Markets ex-US Alphadex Fund 0.5 80 -34 8.0 -0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 15 31 6.5 -2.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 0.5 30 16 5.6 -2.9
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 31 6.6 -1.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.5 40 6 5.4 -3.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.5 39 7 6.2 -2.3
IJS iShares S&P Small-cap 600 Value ETF 0.5 18 28 6.5 -2.0
FDL First Trust Morningstar Dividend Leaders Index Fund 0.5 45 1 7.7 -0.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.5 24 22 6.0 -2.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 21 7.8 -0.7
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 19 7.3 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 21 6.1 -2.3
IYF iShares U.S. Financials ETF 0.5 42 4 5.7 -2.8
RECS Columbia Research Enhanced Core ETF 0.5 15 31 5.0 -3.5
ACWF iShares MSCI Global Multifactor ETF 0.5 35 11 7.3 -1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 21 6.1 -2.4
SCZ iShares MSCI Eafe Small-Cap ETF 0.5 40 6 4.9 -3.6
ZGBR SPDR Solactive United Kingdom ETF 0.5 14 32 0.0 -8.5
FLGB Franklin FTSE United Kingdom ETF 0.5 9 37 7.0 -1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 7 6.8 -1.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 0.5 35 11 4.9 -3.6
QLC FlexShares US Quality Large Cap Index Fund 0.5 32 14 4.6 -3.9
IEFN iShares Evolved U.S. Financials ETF 0.5 18 28 7.4 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.5 20 26 6.1 -2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.5 40 6 7.0 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 0.5 30 16 6.5 -2.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.5 20 26 8.8 +0.3
RNMC Mid Cap US Equity Select ETF 0.5 60 -14 6.0 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.5 5 41 6.2 -2.3
IWN iShares Russell 2000 Value ETF 0.5 24 22 4.7 -3.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 26 6.2 -2.2
AVUV Avantis U.S. Small Cap Value ETF 0.5 25 21 6.7 -1.8
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 40 5.3 -3.1
VTWV Vanguard Russell 2000 Value Index Fund 0.5 15 31 4.8 -3.7
IEFA iShares Core MSCI EAFE ETF 0.5 7 39 6.3 -2.2
HLAL Wahed FTSE USA Shariah ETF 0.5 50 -4 4.1 -4.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.4 7 39 6.5 -2.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.4 29 17 5.9 -2.5
ACIO Aptus Collared Income Opportunity ETF 0.4 79 -33 3.8 -4.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.4 29 17 6.1 -2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 11 35 5.2 -3.3
EFA iShares MSCI EAFE ETF 0.4 32 14 6.2 -2.3
VFVA Vanguard U.S. Value Factor ETF 0.4 14 32 8.3 -0.2
VFMF Vanguard U.S. Multifactor ETF 0.4 19 27 7.0 -1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.4 16 30 5.9 -2.6
FSMD Fidelity Small-Mid Factor ETF 0.4 29 17 5.9 -2.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 15 31 6.7 -1.8
MDYV SPDR S&P 400 Mid Cap Value ETF 0.4 15 31 6.5 -1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 10 6.1 -2.4
PSC Principal U.S. Small Cap Index ETF 0.4 38 8 4.9 -3.6
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 28 6.5 -2.0
ISMD Inspire Small/Mid Cap Impact ETF 0.4 57 -11 4.9 -3.6
ROOF IQ US Real Estate Small Cap ETF 0.4 70 -24 7.7 -0.8
RFFC RiverFront Dynamic US Flex-Cap ETF 0.4 52 -6 4.3 -4.2
IQSI IQ Candriam ESG International Equity ETF 0.4 15 31 6.3 -2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 42 4.1 -4.4
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 34 6.8 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 34 6.2 -2.3
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.4 54 -8 5.4 -3.1
SIZE iShares MSCI USA Size Factor ETF 0.4 15 31 4.6 -3.8
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 42 4.7 -3.8
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 7 5.7 -2.7
EUSA iShares MSCI USA Equal Weighted ETF 0.4 15 31 4.6 -3.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.4 30 16 5.1 -3.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 4 42 6.2 -2.3
PDEV Principal International Multi-Factor Core Index ETF 0.4 25 21 6.8 -1.7
VYMI Vanguard International High Dividend Yield ETF 0.4 27 19 9.0 +0.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 34 5.6 -2.9
RBIN Nationwide Risk-Based International Equity ETF 0.4 42 4 5.7 -2.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.4 25 21 5.6 -2.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -6 4.7 -3.8
GSPY Gotham Enhanced 500 ETF 0.4 50 -4 4.6 -3.9
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -25 1.9 -6.6
IDHQ Invesco S&P International Developed Quality ETF 0.4 29 17 5.2 -3.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.4 25 21 5.6 -2.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 37 4.9 -3.6
VBR Vanguard Small Cap Value Index Fund 0.4 7 39 6.0 -2.5
IJH iShares Core S&P Mid-Cap ETF 0.4 5 41 5.5 -3.0
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 10 36 5.6 -2.9
SPMD SPDR Portfolio Mid Cap ETF 0.4 5 41 5.5 -3.0
ROUS Hartford Multifactor US Equity ETF 0.4 19 27 5.4 -3.1
MDY SPDR S&P Midcap 400 ETF Trust 0.4 23 23 5.3 -3.2
EWJE iShares MSCI Japan Equal Weighted ETF 0.4 15 31 6.2 -2.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.4 35 11 8.1 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 0.4 20 26 6.4 -2.0
VEA Vanguard FTSE Developed Markets ETF 0.4 5 41 6.4 -2.1
VTV Vanguard Value Index Fund 0.4 4 42 6.3 -2.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.4 40 6 6.7 -1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 -3 4.3 -4.2
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 37 6.5 -2.0
ADME Aptus Drawdown Managed Equity ETF 0.4 79 -33 3.4 -5.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.4 30 16 6.6 -1.9
IUSV iShares Core S&P U.S. Value ETF 0.4 4 42 6.1 -2.4
VOOV Vanguard S&P 500 Value ETF 0.4 10 36 6.0 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 -2 10.6 +2.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 42 6.1 -2.4
DEW WisdomTree Global High Dividend Fund 0.4 58 -12 8.3 -0.2
IVE iShares S&P 500 Value ETF 0.4 18 28 5.9 -2.6
SHE SPDR SSGA Gender Diversity Index ETF 0.4 20 26 3.9 -4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 49 -3 8.4 -0.1
IDMO Invesco S&P International Developed Momentum ETF 0.4 25 21 4.2 -4.3
DTH WisdomTree International High Dividend Fund 0.3 58 -12 8.3 -0.2
SCHF Schwab International Equity ETF 0.3 6 40 6.5 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 32 14 6.4 -2.1
JHML John Hancock Multifactor Large Cap ETF 0.3 29 17 4.7 -3.8
VSGX Vanguard ESG International Stock ETF 0.3 17 29 6.2 -2.3
FEP First Trust Europe AlphaDEX Fund 0.3 80 -34 7.3 -1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 5 6.3 -2.2
RWL Invesco S&P 500 Revenue ETF 0.3 39 7 5.8 -2.7
IWD iShares Russell 1000 Value ETF 0.3 19 27 5.8 -2.7
IGRO iShares International Dividend Growth ETF 0.3 15 31 6.8 -1.7
VONV Vanguard Russell 1000 Value Index Fund 0.3 8 38 5.9 -2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 30 16 5.5 -3.0
INTF iShares Edge MSCI Multifactor Intl ETF 0.3 30 16 8.1 -0.4
VXUS Vanguard Total International Stock ETF 0.3 8 38 6.6 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 -13 9.7 +1.2
ISCB iShares Morningstar Small-Cap ETF 0.3 4 42 3.0 -5.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 7 3.8 -4.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 -1 9.7 +1.2
BKIE BNY Mellon International Equity ETF 0.3 4 42 6.5 -2.0
IUS Invesco Strategic US ETF 0.3 19 27 5.7 -2.8
EWC iShares MSCI Canada ETF 0.3 51 -5 6.0 -2.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 29 4.3 -4.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 7 12.9 +4.4
DTD WisdomTree U.S.Total Dividend Fund 0.3 28 18 6.1 -2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 31 4.3 -4.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 31 4.3 -4.2
SPHQ Invesco S&P 500 Quality ETF 0.3 15 31 4.8 -3.7
ILCV iShares Morningstar Value ETF 0.3 4 42 6.1 -2.3
CSML IQ Chaikin U.S. Small Cap ETF 0.3 35 11 2.5 -6.0
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 16 6.3 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 38 6.7 -1.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 34 3.6 -4.9
TPLC Timothy Plan US Large Cap Core ETF 0.3 52 -6 4.5 -4.0
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 42 5.9 -2.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 34 5.4 -3.1
FDRR Fidelity Dividend ETF for Rising Rates 0.3 29 17 6.3 -2.2
SCHA Schwab U.S. Small-Cap ETF 0.3 4 42 3.5 -5.0
IQDF FlexShares International Quality Dividend Index Fund 0.3 47 -1 8.5 +0.0
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.3 80 -34 14.6 +6.1
ROSC Hartford Multifactor Small Cap ETF 0.3 34 12 6.8 -1.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 5 41 5.8 -2.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 10 36 5.6 -2.9
IJR iShares Core S&P Small Cap ETF 0.3 6 40 5.7 -2.8
SLY SPDR S&P 600 Small Cap ETF 0.3 15 31 5.7 -2.8
HEWU iShares Currency Hedged MSCI United Kingdom ETF 0.3 51 -5 6.7 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 0.3 28 18 6.0 -2.5
VYM Vanguard High Dividend Yield Index ETF 0.3 6 40 6.7 -1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 1 7.7 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 0.3 30 16 6.0 -2.5
DFAT Dimensional U.S. Targeted Value ETF 0.3 34 12 6.1 -2.4
AFSM First Trust Active Factor Small Cap ETF 0.3 77 -31 5.3 -3.2
DXJ WisdomTree Japan Hedged Equity Fund 0.3 48 -2 7.6 -0.9
BKF iShares MSCI BRIC ETF 0.3 70 -24 7.2 -1.2
STSB iShares Factors US Small Blend Style ETF 0.3 35 11 3.5 -5.0
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 -2 6.8 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 11 7.5 -1.0
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 0.2 43 3 5.1 -3.4
TOK iShares MSCI Kokusai ETF 0.2 25 21 4.7 -3.8
ESGU iShares MSCI USA ESG Optimized ETF 0.2 15 31 4.5 -4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.2 6 40 3.9 -4.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.2 25 21 4.8 -3.7
KLDW Gavekal Knowledge Leaders Developed World ETF 0.2 75 -29 3.7 -4.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -29 4.2 -4.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 37 4.9 -3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 45 1 6.5 -2.0
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 36 4.6 -3.9
URTH iShares MSCI World ETF 0.2 24 22 4.8 -3.6
IWM iShares Russell 2000 ETF 0.2 19 27 2.6 -5.9
FQAL Fidelity Quality Factor ETF 0.2 29 17 4.7 -3.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 36 4.6 -3.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 34 4.4 -4.1
VTWO Vanguard Russell 2000 Index Fund 0.2 10 36 2.7 -5.8
AVUS Avantis U.S. Equity ETF 0.2 15 31 5.0 -3.5
EWJV iShares MSCI Japan Value ETF 0.2 15 31 8.8 +0.3
DGRO iShares Core Dividend Growth ETF 0.2 8 38 6.0 -2.5
ACWI iShares MSCI ACWI ETF 0.2 32 14 5.0 -3.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 39 3.8 -4.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 27 19 4.7 -3.8
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.2 35 11 12.0 +3.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 0.2 9 37 6.7 -1.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 21 6.5 -2.0
VT Vanguard Total World Stock ETF 0.2 8 38 5.3 -3.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.2 64 -18 5.7 -2.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.2 17 29 3.8 -4.7
FLJP Franklin FTSE Japan ETF 0.2 9 37 6.7 -1.8
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 36 4.5 -4.0
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 0.2 35 11 6.3 -2.2
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 11 6.2 -2.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.2 35 11 5.1 -3.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.2 25 21 4.7 -3.8
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 37 6.8 -1.7
EFIV SPDR S&P 500 ESG ETF 0.2 10 36 4.6 -3.9
IQSU IQ Candriam ESG US Equity ETF 0.2 9 37 4.4 -4.1
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 36 4.5 -3.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 25 21 6.9 -1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 -14 4.9 -3.6
EZM WisdomTree U.S. MidCap Earnings Fund 0.2 38 8 7.5 -1.0
JPXN iShares JPX-Nikkei 400 ETF 0.2 48 -2 6.3 -2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 26 4.2 -4.2
VB Vanguard Small-Cap ETF 0.2 5 41 4.3 -4.2
RNDV US Equity Dividend Select ETF 0.2 50 -4 6.6 -1.9
IPAC iShares Core MSCI Pacific ETF 0.2 9 37 6.3 -2.2
IUSS Invesco Strategic US Small Company ETF 0.2 23 23 4.4 -4.1
ACVF American Conservative Values ETF 0.2 75 -29 4.0 -4.5
RNSC Small Cap US Equity Select ETF 0.2 60 -14 5.8 -2.7
SMDY Syntax Stratified MidCap ETF 0.2 35 11 5.0 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 7 3.5 -5.0
EPS WisdomTree U.S. Earnings 500 Fund 0.2 8 38 5.8 -2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 26 4.5 -4.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 40 0.5 -8.0
LYFE 2nd Vote Life Neutral Plus ETF 0.2 75 -29 5.8 -2.7
XCEM Columbia EM Core ex-China ETF 0.2 16 30 6.1 -2.4
FDMO Fidelity Momentum Factor ETF 0.2 29 17 3.8 -4.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 37 3.4 -5.1
SDGA Impact Shares Sustainable Development Goals Global ETF 0.2 75 -29 5.3 -3.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 11 5.2 -3.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.2 35 11 5.2 -3.3
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.2 29 17 0.8 -7.7
RNLC Large Cap US Equity Select ETF 0.2 60 -14 5.0 -3.5
ESG FlexShares STOXX US ESG Impact Index Fund 0.2 32 14 4.4 -4.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.2 16 30 7.7 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 27 19 4.2 -4.3
SPTM SPDR Portfolio Total Stock Market ETF 0.2 3 43 4.7 -3.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.2 40 6 5.2 -3.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 35 7.5 -0.9
XVV iShares ESG Screened S&P 500 ETF 0.2 8 38 4.6 -3.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 -3 7.4 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 17 4.3 -4.2
FRDM Freedom 100 Emerging Markets ETF 0.2 49 -3 5.8 -2.7
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 34 4.9 -3.6
SFY SoFi Select 500 ETF 0.2 0 46 4.3 -4.2
XYLG Global X S&P 500 Covered Call & Growth ETF 0.2 60 -14 4.2 -4.3
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.2 35 11 6.4 -2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 26 4.6 -3.9
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 27 19 4.5 -4.0
PBP Invesco S&P 500 BuyWrite ETF 0.2 49 -3 4.3 -4.2
VOO VANGUARD S&P 500 ETF 0.2 3 43 4.6 -3.8
SPLG SPDR Portfolio Large Cap ETF 0.2 3 43 4.7 -3.8
IVV iShares Core S&P 500 ETF 0.2 3 43 4.6 -3.8
IYY iShares Dow Jones U.S. ETF 0.2 20 26 4.4 -4.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 31 6.0 -2.5
SPY SPDR S&P 500 ETF Trust 0.2 9 37 4.6 -3.9
SCHB Schwab U.S. Broad Market ETF 0.2 3 43 4.4 -4.1
VTI Vanguard Total Stock Market Index Fund 0.2 3 43 4.3 -4.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.2 35 11 6.1 -2.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 43 4.3 -4.2
IWV iShares Russell 3000 ETF 0.2 20 26 4.3 -4.2
ZJPN SPDR Solactive Japan ETF 0.2 14 32 0.0 -8.5
VTHR Vanguard Russell 3000 Index Fund 0.2 10 36 4.4 -4.1
GWX SPDR S&P International Small Cap ETF 0.2 40 6 4.8 -3.7
VV Vanguard Large-Cap Index Fund 0.2 4 42 4.5 -4.0
VWO Vanguard FTSE Emerging Markets ETF 0.2 10 36 7.5 -1.0
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 -14 6.0 -2.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 19 27 4.9 -3.6
VONE Vanguard Russell 1000 ETF 0.2 8 38 4.5 -4.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 39 4.5 -4.0
HLGE Hartford Longevity Economy ETF 0.2 44 2 5.9 -2.6
IWB iShares Russell 1000 ETF 0.2 15 31 4.4 -4.1
DSI iShares MSCI KLD 400 Social ETF 0.2 25 21 4.4 -4.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.2 30 16 5.3 -3.2
IVLU iShares Edge MSCI Intl Value Factor ETF 0.2 30 16 9.4 +0.9
HEWC iShares Currency Hedged MSCI Canada ETF 0.2 54 -8 6.0 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 27 5.3 -3.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 44 4.6 -3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 10 7.3 -1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.2 42 4 4.6 -3.9
PBUS Invesco PureBeta MSCI USA ETF 0.2 4 42 4.5 -4.0
VXF Vanguard Extended Market Index Fund 0.2 6 40 2.5 -6.0
QDEF FlexShares Quality Dividend Defensive Index Fund 0.2 37 9 5.5 -2.9
PFM Invesco Dividend Achievers ETF 0.1 53 -7 5.1 -3.4
SCHX Schwab U.S. Large-Cap ETF 0.1 3 43 4.5 -4.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 43 4.5 -4.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 11 35 7.2 -1.3
SCHK Schwab 1000 Index ETF 0.1 5 41 4.5 -4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -19 5.5 -3.0
EEM iShares MSCI Emerging Markets ETF 0.1 70 -24 6.7 -1.8
DFAU Dimensional US Core Equity Market ETF 0.1 12 34 4.7 -3.8
DFAS Dimensional U.S. Small Cap ETF 0.1 34 12 4.7 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 16 7.2 -1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -20 6.6 -1.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 0.1 15 31 5.8 -2.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -24 5.8 -2.7
FNK First Trust Mid Cap Value AlphaDEX Fund 0.1 70 -24 7.5 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 16 5.2 -3.3
EES WisdomTree SmallCap Earnings Fund 0.1 38 8 7.6 -0.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 63 -17 5.7 -2.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 49 -3 3.6 -4.9
BBJP JPMorgan BetaBuilders Japan ETF 0.1 19 27 6.5 -2.0
EFG iShares MSCI EAFE Growth ETF 0.1 40 6 4.4 -4.1
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 33 3.2 -5.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 14 6.0 -2.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -12 6.0 -2.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 12 34 4.5 -4.0
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 30 7.0 -1.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 13 8.5 -0.0
EWJ iShares MSCI Japan ETF 0.1 51 -5 6.2 -2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 37 5.1 -3.4
VPL Vanguard FTSE Pacific ETF 0.1 8 38 6.5 -2.0
STMB iShares Factors US Mid Blend Style ETF 0.1 30 16 5.4 -3.1
IWC iShares Micro-Cap ETF 0.1 60 -14 -2.3 -10.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -12 7.8 -0.7
SFYX Sofi Next 500 ETF 0.1 0 46 4.5 -4.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 7 6.3 -2.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.1 46 0 6.4 -2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 35 7.3 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 27 19 4.2 -4.3
HJPX iShares Currency Hedged JPX-Nikkei 400 ETF 0.1 48 -2 6.4 -2.1
DIVB iShares U.S. Dividend & Buyback ETF 0.1 25 21 5.7 -2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 50 -4 12.8 +4.4
DES WisdomTree U.S. SmallCap Dividend Fund 0.1 38 8 6.4 -2.1
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.1 48 -2 7.8 -0.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 26 5.2 -3.3
JEMA JPMorgan Emerging Markets Equity Core ETF 0.1 39 7 6.5 -2.0
LDEM iShares ESG MSCI EM Leaders ETF 0.1 16 30 6.9 -1.6
SSLY Syntax Stratified SmallCap ETF 0.1 40 6 4.8 -3.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.1 34 12 3.7 -4.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.1 25 21 6.6 -1.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 31 4.6 -3.9
SPEM SPDR Portfolio Emerging Markets ETF 0.1 11 35 7.2 -1.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 26 6.5 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 31 5.0 -3.5
DFUS Dimensional U.S. Equity ETF 0.1 11 35 4.5 -4.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 26 5.2 -3.3
SMMD iShares Russell 2500 ETF 0.1 15 31 4.8 -3.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 63 -17 1.8 -6.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 70 -24 6.6 -1.9
STLV iShares Factors US Value Style ETF 0.1 25 21 6.7 -1.7
HEWJ iShares Currency Hedged MSCI Japan ETF 0.1 51 -5 6.4 -2.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 -12 5.8 -2.7
IWO iShares Russell 2000 Growth ETF 0.0 24 22 0.1 -8.4
VFQY Vanguard U.S. Quality Factor ETF 0.0 13 33 5.0 -3.5
VTWG Vanguard Russell 2000 Growth Index Fund 0.0 15 31 0.2 -8.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 16 7.8 -0.7
IUSG iShares Core S&P US Growth ETF 0.0 4 42 3.8 -4.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 25 2.9 -5.5
NULV Nuveen ESG Large-Cap Value ETF 0.0 35 11 6.0 -2.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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OTHER FUNDAMENTAL METRICS

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Return on equity

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*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2020 2021E 2022E
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Historical valuation trends

Forward
multiple:		 iShares Global Timber & Forestry 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 9.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.46
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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