SPDR S&P Oil & Gas Equipment & Services ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 0.8x
P/BV
ratio		 1.1x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR Oil & Gas Equipment & Services ETF objective is to replicate as closely as possible the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, an equal-weighted inde

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Jun 19, 2006
Assets (mns) $148
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 28
Wgt avg mkt cap (mns) $6,819
Large cap (>$10bn) 21.4%
Mid cap ($2-10bn) 45.7%
Small cap (<$2bn) 28.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TECHNIPFMC PLC 5.8 %
NOBLE CORP PLC 5.3 %
TIDEWATER INC 5.3 %
VALARIS LTD 5.2 %
CACTUS, INC. CLASS A 4.8 %
ARCHROCK INC. 4.7 %
NATIONAL OILWELL VARCO INC 4.5 %
APERGY CORP. 4.5 %
TRANSOCEAN LTD 4.5 %
WEATHERFORD INTERNATIONAL PL 4.4 %
Total 49.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.9 %
SWITZERLAND 8.9 %
BRITAIN 5.8 %
NETHERLANDS 1.8 %
BERMUDA 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-27.1% -34.4% 15.6% -14.2% -7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.33 29%
MSCI EAFE 1.22 25%
MSCI Emg. Mkts. 0.47 4%

Technical Indicators
Recent close $62.72
30d moving avg. $60.02
Annualized volatility 41.0%
Short interest (ETF) 4.4%
Short interest (Underlying) 5.6%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.9%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $1,449

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 454 potential alternatives to the SPDR S&P Oil & Gas Equipment & Services ETF ETF based on the alternatives' overlap in portfolio holdings with XES. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XES Expense: 35 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XES
Ticker Fund
Name		 Overlap1
vs XES
(%)		 Expense
ratio
(bp)		 Savings
vs XES
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XES
(%)
IEZ iShares U.S. Oil Equipment & Services ETF 58.0 40 -5 5.4 +1.7
PXJ Invesco Oil & Gas Services ETF 54.5 63 -28 6.7 +3.0
OIH VanEck Oil Services ETF 52.4 35 0 5.3 +1.5
PSCE Invesco S&P SmallCap Energy ETF 33.6 29 6 12.2 +8.4
PXI Invesco Dorsey Wright Energy Momentum ETF 13.1 60 -25 7.5 +3.7
RSPG Invesco S&P 500 Equal Weight Energy ETF 12.5 40 -5 11.1 +7.3
FXN First Trust Energy AlphaDEX Fund 11.5 62 -27 14.7 +11.0
FTXN First Trust Nasdaq Oil & Gas ETF 10.9 60 -25 12.8 +9.1
FENY Fidelity MSCI Energy Index ETF 10.1 8 27 9.5 +5.8
VDE Vanguard Energy ETF 9.0 10 25 9.5 +5.8
QVAL Alpha Architect US Quantitative Value ETF 8.0 39 -4 10.0 +6.3
IYE iShares U.S. Energy ETF 7.7 40 -5 9.3 +5.5
XLE Energy Select Sector SPDR Fund 7.7 8 27 9.4 +5.7
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 7.3 60 -25 9.4 +5.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 6.1 49 -14 12.3 +8.6
COWS Amplify Cash Flow Dividend Leaders ETF 6.1 0 35 12.6 +8.9
EQRR ProShares Equities for Rising Rates ETF 5.9 35 0 8.3 +4.6
CCNR ALPS CoreCommodity Natural Resources ETF 5.8 39 -4 12.1 +8.3
IGE iShares North American Natural Resources ETF 5.8 41 -6 8.1 +4.4
ROKT SPDR S&P Kensho Final Frontiers ETF 5.5 45 -10 2.1 -1.6
EIPX FT Energy Income Partners Strategy ETF 5.3 95 -60 7.8 +4.0
NVIR Horizon Kinetics Energy and Remediation ETF 5.2 85 -50 6.7 +2.9
GRPZ Invesco S&P SmallCap 600 GARP ETF 5.2 35 0 10.7 +7.0
USAI Pacer American Energy Independence ETF 4.6 75 -40 4.8 +1.1
FLOW Global X U.S. Cash Flow Kings 100 ETF 4.3 25 10 11.8 +8.1
AVUV Avantis U.S. Small Cap Value ETF 4.2 25 10 10.5 +6.8
SIXS ETC 6 Meridian Small Cap Equity ETF 4.1 89 -54 10.4 +6.7
IXC iShares Global Energy ETF 4.1 44 -9 10.7 +6.9
CALF Pacer US Small Cap Cash Cows 100 ETF 4.0 59 -24 11.5 +7.8
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 4.0 38 -3 10.5 +6.7
NANR SPDR S&P North American Natural Resources ETF 3.8 35 0 8.7 +5.0
FTGS First Trust Growth Strength ETF 3.5 60 -25 5.0 +1.2
VFLO VictoryShares Free Cash Flow ETF 3.5 39 -4 10.9 +7.1
PEXL Pacer US Export Leaders ETF 3.4 60 -25 5.0 +1.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 3.4 35 0 9.6 +5.8
FYT First Trust Small Cap Value AlphaDEX Fund 3.4 73 -38 11.6 +7.9
SMRI Bushido Capital US Equity ETF 3.3 71 -36 9.5 +5.8
TXS Texas Capital Texas Equity Index ETF 3.2 49 -14 5.8 +2.1
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 3.2 55 -20 4.7 +1.0
FDM First Trust Dow Jones Select MicroCap Index Fund 3.1 60 -25 8.2 +4.4
NDIV Amplify Natural Resources Dividend Income ETF 3.0 59 -24 10.5 +6.7
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 2.9 55 -20 10.6 +6.9
SCHD Schwab US Dividend Equity ETF 2.8 6 29 9.9 +6.2
GVLU Gotham 1000 Value ETF 2.8 50 -15 9.1 +5.4
NUSC Nuveen ESG Small-Cap ETF 2.8 31 4 5.6 +1.8
RBLD First Trust Alerian US NextGen Infrastructure ETF 2.8 65 -30 5.1 +1.3
EINC VanEck Energy Income ETF 2.8 48 -13 5.3 +1.6
DES WisdomTree U.S. SmallCap Dividend Fund 2.8 38 -3 9.6 +5.9
MGMT Ballast Small/Mid Cap ETF 2.7 110 -75 9.4 +5.7
MVPA Miller Value Partners Appreciation ETF 2.6 60 -25 8.5 +4.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 2.6 43 -8 6.3 +2.5
COWZ Pacer US Cash Cows 100 ETF 2.6 49 -14 9.5 +5.8
EBLU Ecofin Global Water ESG Fund 2.6 40 -5 4.2 +0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.6 29 6 8.9 +5.2
SURE AdvisorShares Insiders Advantage ETF 2.6 90 -55 9.9 +6.2
TPHD Timothy Plan High Dividend Stock ETF 2.5 52 -17 7.0 +3.2
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.5 54 -19 7.3 +3.6
PY Principal Value ETF 2.5 15 20 7.4 +3.7
HAPS Harbor Human Capital Factor US Small Cap ETF 2.4 60 -25 4.3 +0.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 2.4 47 -12 9.8 +6.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.4 35 0 4.3 +0.6
EIPI FT Energy Income Partners Enhanced Income ETF 2.3 110 -75 6.3 +2.5
IJT iShares S&P Small-Cap 600 Growth ETF 2.2 18 17 5.7 +2.0
NULV Nuveen ESG Large-Cap Value ETF 2.2 26 9 6.4 +2.6
CBSE Clough Select Equity ETF 2.2 85 -50 1.4 -2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 2.2 15 20 5.8 +2.0
SLYG SPDR S&P 600 Small Cap Growth ETF 2.1 15 20 5.7 +2.0
SWP SWP Growth & Income ETF 2.1 99 -64 4.5 +0.7
VFVA Vanguard U.S. Value Factor ETF 2.1 13 22 11.5 +7.8
IQM Franklin Intelligent Machines ETF 2.1 50 -15 2.3 -1.5
LYLD Cambria Large Cap Shareholder Yield ETF 2.1 59 -24 9.9 +6.1
FESM Fidelity Enhanced Small Cap ETF 2.1 28 7 8.1 +4.3
MLPX Global X MLP & Energy Infrastructure ETF 2.1 45 -10 5.4 +1.6
NUMV Nuveen ESG Mid-Cap Value ETF 2.1 31 4 7.1 +3.3
SVAL iShares US Small Cap Value Factor ETF 2.0 20 15 11.2 +7.5
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -41 5.1 +1.4
CAML Congress Large Cap Growth ETF 2.0 66 -31 3.2 -0.5
AVSC Avantis U.S Small Cap Equity ETF 2.0 25 10 6.3 +2.6
EES WisdomTree U.S. SmallCap Fund 1.9 38 -3 9.3 +5.6
CVY Invesco Zacks Multi-Asset Income ETF 1.9 106 -71 12.3 +8.6
DFSV Dimensional US Small Cap Value ETF 1.9 31 4 10.8 +7.1
PSC Principal U.S. Small-Cap ETF 1.9 38 -3 7.0 +3.3
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.9 59 -24 6.3 +2.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.8 15 20 8.1 +4.4
FYX First Trust Small Cap Core AlphaDEX Fund 1.8 61 -26 6.6 +2.9
STXK Strive Small-Cap ETF 1.8 18 17 6.4 +2.7
FTDS First Trust Dividend Strength ETF 1.8 70 -35 7.8 +4.1
BKSE BNY Mellon US Small Cap Core Equity ETF 1.8 4 31 6.3 +2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 1.7 67 -32 10.5 +6.7
CSMD Congress SMid Growth ETF 1.7 69 -34 4.0 +0.3
ISMD Inspire Small/Mid Cap ETF 1.7 54 -19 6.1 +2.4
IJR iShares Core S&P Small Cap ETF 1.7 6 29 8.0 +4.3
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.7 45 -10 6.4 +2.7
QDIV Global X S&P 500 Quality Dividend ETF 1.7 20 15 8.5 +4.7
SHRY First Trust Bloomberg Shareholder Yield ETF 1.7 60 -25 7.9 +4.1
FEGE First Eagle Global Equity ETF 1.7 79 -44 7.2 +3.4
TPYP Tortoise North American Pipeline Fund 1.6 40 -5 5.7 +2.0
VIOO Vanguard S&P Small-Cap 600 ETF 1.6 10 25 8.0 +4.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.6 3 32 8.1 +4.3
IMCV iShares Morningstar Mid-Cap Value ETF 1.6 6 29 8.4 +4.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 1.6 39 -4 10.0 +6.2
DFAT Dimensional U.S. Targeted Value ETF 1.6 28 7 10.0 +6.2
BIBL Inspire 100 ETF 1.6 35 0 5.3 +1.6
EVX VanEck Environmental Services ETF 1.5 55 -20 2.3 -1.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.5 30 5 12.3 +8.5
RFV Invesco S&P Midcap 400 Pure Value ETF 1.5 35 0 14.0 +10.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.5 65 -30 3.2 -0.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.5 85 -50 3.9 +0.1
AIEQ AI Powered Equity ETF 1.5 75 -40 5.3 +1.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.5 15 20 6.1 +2.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 -25 4.2 +0.5
JGLO JPMorgan Global Select Equity ETF 1.5 33 2 5.1 +1.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.4 60 -25 8.2 +4.5
PRN Invesco Dorsey Wright Industrials Momentum ETF 1.4 60 -25 3.7 -0.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.4 35 0 11.4 +7.7
VBK Vanguard Small-Cap Growth ETF 1.4 7 28 1.9 -1.8
LRGC AB US Large Cap Strategic Equities ETF 1.4 48 -13 4.8 +1.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.4 60 -25 2.1 -1.6
IWO iShares Russell 2000 Growth ETF 1.4 24 11 1.4 -2.3
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.4 35 0 7.1 +3.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.4 70 -35 2.9 -0.9
VTWG Vanguard Russell 2000 Growth ETF 1.4 15 20 1.5 -2.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.4 39 -4 6.7 +2.9
FTA First Trust Large Cap Value AlphaDEX Fund 1.4 59 -24 9.3 +5.6
IWM iShares Russell 2000 ETF 1.4 19 16 4.7 +1.0
BOUT Innovator IBD Breakout Opportunities ETF 1.4 81 -46 3.1 -0.7
ESIX SPDR S&P SmallCap 600 ESG ETF 1.4 12 23 8.6 +4.9
VTWO Vanguard Russell 2000 ETF 1.3 10 25 4.7 +1.0
RSSL Global X Russell 2000 ETF 1.3 8 27 4.7 +1.0
IWN iShares Russell 2000 Value ETF 1.3 24 11 8.1 +4.4
VTWV Vanguard Russell 2000 Value ETF 1.3 15 20 8.1 +4.4
SMCF Themes US Small Cap Cash Flow Champions ETF 1.3 29 6 13.2 +9.5
CGGR Capital Group Growth ETF 1.3 39 -4 3.4 -0.4
VAMO Cambria Value & Momentum ETF 1.3 61 -26 6.7 +3.0
FNDA Schwab Fundamental US Small Co. Index ETF 1.3 25 10 8.2 +4.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.3 75 -40 3.1 -0.6
EZM WisdomTree U.S. MidCap Fund 1.3 38 -3 9.4 +5.7
TPSC Timothy Plan US Small Cap Core ETF 1.3 52 -17 7.1 +3.4
FNK First Trust Mid Cap Value AlphaDEX Fund 1.3 70 -35 11.7 +7.9
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.3 60 -25 10.1 +6.4
XMHQ Invesco S&P MidCap Quality ETF 1.3 25 10 6.8 +3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 1.3 60 -25 7.8 +4.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 1.3 35 0 8.1 +4.3
JHSC John Hancock Multifactor Small Cap ETF 1.2 42 -7 7.0 +3.2
SFYX SoFi Next 500 ETF 1.2 0 35 5.9 +2.1
NUDV Nuveen ESG Dividend ETF 1.2 26 9 7.5 +3.8
AVLV Avantis U.S. Large Cap Value ETF 1.2 15 20 8.0 +4.3
SQLV Royce Quant Small-Cap Quality Value ETF 1.2 60 -25 10.0 +6.3
CGUS Capital Group Core Equity ETF 1.2 33 2 4.6 +0.8
EQIN Columbia US Equity Income ETF 1.2 35 0 7.0 +3.3
DURA VanEck Durable High Dividend ETF 1.2 29 6 8.7 +5.0
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 15 7.1 +3.3
XSMO Invesco S&P SmallCap Momentum ETF 1.2 39 -4 5.8 +2.1
VFMF Vanguard U.S. Multifactor ETF 1.2 18 17 8.3 +4.5
FDWM Fidelity Women's Leadership ETF 1.2 59 -24 5.2 +1.4
FITE SPDR S&P Kensho Future Security ETF 1.2 45 -10 2.3 -1.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.2 17 18 6.1 +2.3
VFQY Vanguard U.S. Quality Factor ETF 1.2 13 22 6.4 +2.7
DFAS Dimensional U.S. Small Cap ETF 1.2 26 9 6.8 +3.0
TAX Cambria Tax Aware ETF 1.2 49 -14 5.2 +1.4
QDF FlexShares Quality Dividend Index Fund 1.1 37 -2 6.5 +2.8
VOE Vanguard Mid-Cap Value ETF 1.1 7 28 7.8 +4.0
ONEY SPDR Russell 1000 Yield Focus ETF 1.1 20 15 9.8 +6.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.1 9 26 4.7 +1.0
FEX First Trust Large Cap Core AlphaDEX Fund 1.1 59 -24 6.2 +2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 0 4.2 +0.5
FSST Fidelity Sustainable U.S. Equity ETF 1.1 59 -24 4.6 +0.9
VRAI Virtus Real Asset Income ETF 1.1 55 -20 10.4 +6.7
DSMC Distillate Small/Mid Cash Flow ETF 1.1 55 -20 13.5 +9.8
IJS iShares S&P Small-Cap 600 Value ETF 1.1 18 17 10.5 +6.7
IWC iShares Micro-Cap ETF 1.1 60 -25 -0.7 -4.4
FDG American Century Focused Dynamic Growth ETF 1.0 45 -10 2.1 -1.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 1.0 52 -17 5.5 +1.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 1.0 58 -23 5.4 +1.7
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.0 65 -30 6.4 +2.7
SSPY Syntax Stratified LargeCap ETF 1.0 30 5 6.7 +3.0
GNR SPDR S&P Global Natural Resources ETF 1.0 40 -5 11.7 +8.0
WLDR Affinity World Leaders Equity ETF 1.0 67 -32 7.9 +4.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 23 7.6 +3.9
SLYV SPDR S&P 600 Small Cap Value ETF 1.0 15 20 10.5 +6.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 15 20 10.5 +6.7
DFUV Dimensional US Marketwide Value ETF 1.0 22 13 8.0 +4.2
AFSM First Trust Active Factor Small Cap ETF 1.0 75 -40 7.7 +3.9
IBOT Vaneck Robotics ETF 1.0 47 -12 4.7 +1.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.0 24 11 8.0 +4.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 15 6.1 +2.3
PTL Inspire 500 ETF 1.0 9 26 5.5 +1.8
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 31 6.1 +2.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 29 2.9 -0.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.9 15 20 6.5 +2.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 15 4.2 +0.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.9 95 -60 0.6 -3.1
DFLV Dimensional US Large Cap Value ETF 0.9 22 13 8.2 +4.4
RAYD Rayliant Quantitative Developed Market Equity ETF 0.9 80 -45 4.6 +0.9
PSET Principal Quality ETF 0.9 15 20 5.4 +1.7
SNPV Xtrackers S&P 500 Value ESG ETF 0.9 15 20 7.0 +3.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.9 64 -29 2.3 -1.4
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 -24 5.8 +2.1
TTAC FCF US Quality ETF 0.9 59 -24 6.2 +2.5
RDVY First Trust Rising Dividend Achievers ETF 0.9 50 -15 7.6 +3.8
RND First Trust Bloomberg R&D Leaders ETF 0.9 60 -25 3.8 +0.1
RFFC ALPS Active Equity Opportunity ETF 0.9 48 -13 4.7 +0.9
FFND Future Fund Active ETF 0.9 100 -65 4.6 +0.8
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 6 4.8 +1.1
NULC Nuveen ESG Large-Cap ETF 0.9 21 14 4.9 +1.1
AUSF Global X Adaptive U.S. Factor ETF 0.9 27 8 9.3 +5.6
IWS iShares Russell Mid-Cap Value ETF 0.8 23 12 6.9 +3.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 15 3.5 -0.3
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 22 3.2 -0.6
NIXT Research Affiliates Deletions ETF 0.8 9 26 5.8 +2.0
CGGO Capital Group Global Growth Equity ETF 0.8 47 -12 4.9 +1.1
ISCB iShares Morningstar Small-Cap ETF 0.8 4 31 6.3 +2.6
RNSC Furst Trust Small Cap US Equity Select ETF 0.8 60 -25 5.9 +2.2
VB Vanguard Small-Cap ETF 0.8 5 30 6.3 +2.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.8 58 -23 4.0 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 15 5.9 +2.2
DSTL Distillate US Fundamental Stability & Value ETF 0.8 39 -4 8.4 +4.7
SPGP Invesco S&P 500 GARP ETF 0.8 34 1 9.5 +5.7
DFSU Dimensional US Sustainability Core 1 ETF 0.8 18 17 5.6 +1.9
VXF Vanguard Extended Market ETF 0.8 6 29 5.0 +1.3
AVUS Avantis U.S. Equity ETF 0.8 15 20 6.1 +2.3
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 -7 6.5 +2.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.8 14 21 5.1 +1.4
CGW Invesco S&P Global Water Index ETF 0.8 57 -22 4.7 +0.9
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -45 12.6 +8.8
EBI Longview Advantage ETF 0.8 35 0 6.9 +3.1
SCHA Schwab U.S. Small-Cap ETF 0.8 4 31 6.5 +2.7
STXV Strive 1000 Value ETF 0.8 18 17 8.3 +4.5
QUAL iShares MSCI USA Quality Factor ETF 0.8 15 20 5.3 +1.6
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 -24 2.9 -0.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.7 18 17 9.2 +5.4
FTWO Strive FAANG 2.0 ETF 0.7 49 -14 4.8 +1.1
ISCV iShares Morningstar Small Cap Value ETF 0.7 6 29 9.7 +5.9
MDYV SPDR S&P 400 Mid Cap Value ETF 0.7 15 20 9.2 +5.5
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 -15 7.5 +3.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.7 15 20 9.2 +5.5
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -40 5.1 +1.3
BFOR ALPS Barron's 400 ETF 0.7 65 -30 6.1 +2.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.7 39 -4 9.8 +6.0
HDV iShares Core High Dividend ETF 0.7 8 27 7.0 +3.2
IWR iShares Russell Midcap ETF 0.7 19 16 5.9 +2.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 11 8.2 +4.5
VYM Vanguard High Dividend Yield Index ETF 0.7 6 29 7.4 +3.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.7 15 20 4.8 +1.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 28 6.3 +2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 26 6.2 +2.4
VO Vanguard Mid-Cap ETF 0.6 4 31 5.9 +2.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 71 -36 0.5 -3.2
LCF Touchstone US Large Cap Focused ETF 0.6 69 -34 4.5 +0.8
DIVG Invesco S&P 500 High Dividend Growers ETF 0.6 39 -4 8.6 +4.8
ITAN Sparkline Intangible Value ETF 0.6 50 -15 6.5 +2.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.6 20 15 7.1 +3.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.6 17 18 5.8 +2.1
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -60 5.3 +1.6
SCHM Schwab U.S. Mid-Cap ETF 0.6 4 31 6.9 +3.1
WCEO Hypatia Women CEO ETF 0.6 85 -50 4.8 +1.0
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 20 7.3 +3.5
SMOT VanEck Morningstar SMID Moat ETF 0.6 49 -14 6.9 +3.1
YALL God Bless America ETF 0.6 65 -30 3.7 0.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 23 6.7 +3.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.6 15 20 8.2 +4.4
CFA VictoryShares US 500 Volatility Wtd ETF 0.6 35 0 5.9 +2.2
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.6 40 -5 5.9 +2.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 0 9.8 +6.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.5 40 -5 3.8 +0.0
DGT SPDR Global Dow ETF 0.5 50 -15 7.5 +3.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.5 36 -1 12.3 +8.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.5 12 23 7.3 +3.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.5 15 20 7.5 +3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 31 6.3 +2.6
FPAG FPA Global Equity ETF 0.5 49 -14 6.1 +2.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 10 6.0 +2.3
GSPY Gotham Enhanced 500 ETF 0.5 50 -15 5.5 +1.7
RSP Invesco S&P 500 Equal Weight ETF 0.5 20 15 6.5 +2.8
VONV Vanguard Russell 1000 Value ETF 0.5 8 27 6.7 +3.0
IWD iShares Russell 1000 Value ETF 0.5 19 16 6.6 +2.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 26 5.0 +1.2
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 23 7.8 +4.0
MDY SPDR S&P Midcap 400 ETF Trust 0.5 24 11 7.4 +3.7
IJH iShares Core S&P Mid-Cap ETF 0.5 5 30 7.6 +3.9
DFVX Dimensional US Large Cap Vector ETF 0.5 22 13 6.5 +2.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 25 5.1 +1.4
BLES Inspire Global Hope ETF 0.5 61 -26 6.9 +3.2
HLAL Wahed FTSE USA Shariah ETF 0.5 50 -15 5.0 +1.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.5 3 32 7.6 +3.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.5 10 25 7.6 +3.8
SUSA iShares MSCI USA ESG Select ETF 0.5 25 10 4.9 +1.2
IUSV iShares Core S&P US Value ETF 0.5 4 31 6.7 +2.9
ROSC Hartford Multifactor Small Cap ETF 0.5 34 1 10.1 +6.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 -34 2.5 -1.3
IVE iShares S&P 500 Value ETF 0.4 18 17 6.4 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.4 4 31 6.5 +2.8
VOOV Vanguard S&P 500 Value ETF 0.4 10 25 6.5 +2.7
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 26 6.2 +2.4
IUS Invesco RAFI Strategic US ETF 0.4 19 16 6.9 +3.2
DCOR Dimensional US Core Equity 1 ETF 0.4 14 21 5.6 +1.9
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 17 6.9 +3.2
SIZE iShares MSCI USA Size Factor ETF 0.4 15 20 5.9 +2.2
RWL Invesco S&P 500 Revenue ETF 0.4 39 -4 6.9 +3.2
EPS WisdomTree U.S. LargeCap Fund 0.4 8 27 6.0 +2.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 10 7.4 +3.7
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 5 8.1 +4.4
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 -3 8.9 +5.2
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 25 5.1 +1.4
DFAU Dimensional US Core Equity Market ETF 0.4 12 23 5.3 +1.6
OPTZ Optimize Strategy Index ETF 0.4 50 -15 5.1 +1.3
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.4 15 20 4.4 +0.6
HAP VanEck Natural Resources ETF 0.4 50 -15 10.1 +6.4
VTV Vanguard Value ETF 0.4 4 31 7.1 +3.3
SPVU Invesco S&P 500 Enhanced Value ETF 0.4 13 22 10.2 +6.5
VBR Vanguard Small Cap Value ETF 0.4 7 28 9.4 +5.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 29 4.1 +0.4
ENFR Alerian Energy Infrastructure ETF 0.4 35 0 5.4 +1.6
KLMN Invesco MSCI North America Climate ETF 0.4 9 26 5.2 +1.5
JGRO JPMorgan Active Growth ETF 0.4 44 -9 3.6 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 -4 7.1 +3.3
SMMD iShares Russell 2500 ETF 0.4 15 20 6.6 +2.8
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 25 5.3 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 26 5.7 +1.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.4 7 28 5.2 +1.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.4 32 3 5.1 +1.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 10 7.4 +3.7
ILCV iShares Morningstar Value ETF 0.3 4 31 6.8 +3.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 -10 4.7 +0.9
USMF WisdomTree U.S. Multifactor Fund 0.3 28 7 6.7 +2.9
OSCV Opus Small Cap Value ETF 0.3 79 -44 6.9 +3.2
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 17 6.9 +3.2
DEW WisdomTree Global High Dividend Fund 0.3 58 -23 8.8 +5.1
DIVB iShares Core Dividend ETF 0.3 5 30 7.9 +4.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 -4 6.1 +2.4
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 7 6.5 +2.8
IWX iShares Russell Top 200 Value ETF 0.3 20 15 6.4 +2.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 27 5.2 +1.5
DARP Grizzle Growth ETF 0.3 75 -40 3.8 +0.0
FDMO Fidelity Momentum Factor ETF 0.3 15 20 3.9 +0.2
MGV Vanguard Mega Cap Value ETF 0.3 7 28 6.8 +3.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 32 5.1 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 16 6.5 +2.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 9 26 5.2 +1.4
JHML John Hancock Multifactor Large Cap ETF 0.3 29 6 5.5 +1.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 0 5.3 +1.6
VTHR Vanguard Russell 3000 ETF 0.3 10 25 5.1 +1.4
DFUS Dimensional U.S. Equity ETF 0.3 9 26 5.1 +1.3
IWV iShares Russell 3000 ETF 0.3 20 15 5.0 +1.2
VTI Vanguard Total Stock Market ETF 0.3 3 32 5.1 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 31 6.9 +3.2
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 18 7.0 +3.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 26 4.9 +1.1
ACVF American Conservative Values ETF 0.3 75 -40 4.5 +0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 24 5.1 +1.4
DSI iShares MSCI KLD 400 Social ETF 0.3 25 10 5.1 +1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 6 6.6 +2.9
SCHB Schwab U.S. Broad Market ETF 0.3 3 32 5.2 +1.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 32 5.4 +1.6
SPMO Invesco S&P 500 Momentum ETF 0.3 13 22 3.8 +0.1
DSPY Tema S&P 500 Historical Weight ETF 0.3 18 17 5.3 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 28 5.1 +1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 18 6.0 +2.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 25 6.0 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 20 6.0 +2.3
INRO iShares U.S. Industry Rotation Active ETF 0.3 42 -7 4.9 +1.1
VOTE TCW Transform 500 ETF 0.3 5 30 5.1 +1.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 24 5.3 +1.5
IYY iShares Dow Jones U.S. ETF 0.3 20 15 5.0 +1.3
QGRO American Century U.S. Quality Growth ETF 0.3 29 6 3.5 -0.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.2 15 20 6.0 +2.3
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -55 4.1 +0.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 20 5.1 +1.4
QQQ Invesco QQQ Trust Series I 0.2 20 15 4.2 +0.5
QQQM Invesco NASDAQ 100 ETF 0.2 15 20 4.3 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 33 5.2 +1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 35 5.1 +1.4
IWB iShares Russell 1000 ETF 0.2 15 20 5.1 +1.3
SCHK Schwab 1000 Index ETF 0.2 5 30 5.3 +1.5
VONE Vanguard Russell 1000 ETF 0.2 8 27 5.2 +1.4
XVV iShares ESG Screened S&P 500 ETF 0.2 8 27 5.1 +1.3
DTAN Sparkline International Intangible Value ETF 0.2 55 -20 8.4 +4.6
SCHX Schwab U.S. Large-Cap ETF 0.2 3 32 5.2 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 23 4.6 +0.9
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 -1 5.0 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 6 4.9 +1.2
ARB AltShares Merger Arbitrage ETF 0.2 77 -42 3.9 +0.2
CCMG CCM Global Equity ETF 0.2 34 1 8.8 +5.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 15 4.9 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 6.1 +2.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 17 4.9 +1.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 23 7.5 +3.8
IVV iShares Core S&P 500 ETF 0.2 3 32 5.2 +1.5
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 33 5.2 +1.5
SPY SPDR S&P 500 ETF Trust 0.2 9 26 5.1 +1.4
VOO Vanguard S&P 500 ETF 0.2 3 32 5.2 +1.5
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 31 4.1 +0.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 10 8.2 +4.5
STRV Strive 500 ETF 0.2 5 30 5.0 +1.3
PBUS Invesco MSCI USA ETF 0.2 4 31 5.1 +1.4
ADME Aptus Drawdown Managed Equity ETF 0.2 79 -44 4.2 +0.5
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 32 5.1 +1.4
VV Vanguard Large-Cap ETF 0.2 4 31 5.1 +1.3
QINT American Century Quality Diversified International ETF 0.2 39 -4 7.6 +3.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 26 5.4 +1.7
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -30 5.4 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 7 6.2 +2.4
APUE ActivePassive U.S. Equity ETF 0.2 45 -10 4.9 +1.2
FPX First Trust US Equity Opportunities ETF 0.2 61 -26 1.1 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 -7 5.6 +1.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 5.4 +1.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 14 4.0 +0.3
SFY SoFi Select 500 ETF 0.2 0 35 4.6 +0.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 -14 5.0 +1.2
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 12 5.9 +2.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 5.3 +1.6
VUSE Vident U.S. Equity Strategy ETF 0.2 50 -15 4.5 +0.8
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 10 5.3 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 23 4.7 +1.0
VT Vanguard Total World Stock ETF 0.2 7 28 6.2 +2.4
TOK iShares MSCI Kokusai ETF 0.2 26 9 5.3 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 5.3 +1.5
URTH iShares MSCI World ETF 0.1 24 11 5.4 +1.7
SHE SPDR MSCI USA Gender Diversity ETF 0.1 20 15 5.1 +1.3
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -14 5.8 +2.0
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 20 5.0 +1.3
ACWI iShares MSCI ACWI ETF 0.1 32 3 5.8 +2.1
GINN Goldman Sachs Innovate Equity ETF 0.1 52 -17 4.1 +0.4
IWL iShares Russell Top 200 ETF 0.1 15 20 4.9 +1.1
MGC Vanguard Mega Cap ETF 0.1 7 28 4.9 +1.2
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 12 3.4 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 20 5.8 +2.0
RVRB Reverb ETF 0.1 30 5 4.8 +1.1
BULD Pacer BlueStar Engineering the Future ETF 0.1 60 -25 1.6 -2.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 4.2 +0.5
PKW Invesco Buyback Achievers ETF 0.1 62 -27 7.6 +3.9
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -65 4.4 +0.7
VUG Vanguard Growth ETF 0.1 4 31 4.1 +0.4
ILCG iShares Morningstar Growth ETF 0.1 4 31 3.9 +0.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -40 3.9 +0.1
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 17 5.4 +1.7
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -20 6.2 +2.5
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 17 3.9 +0.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 5 6.8 +3.1
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -90 6.6 +2.9
REVS Columbia Research Enhanced Value ETF 0.1 19 16 7.9 +4.2
RECS Columbia Research Enhanced Core ETF 0.1 15 20 6.1 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 6.2 +2.4
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 7 5.7 +1.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.6 +0.9
DHS WisdomTree U.S. High Dividend Fund 0.0 38 -3 8.3 +4.6
LRGF iShares U.S. Equity Factor ETF 0.0 8 27 5.7 +2.0
STXG Strive 1000 Growth ETF 0.0 18 17 4.0 +0.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 4.4 +0.6
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.5 +0.8
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.6 +0.9
DGRO iShares Core Dividend Growth ETF 0.0 8 27 6.6 +2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 -10 9.2 +5.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 10 10.0 +6.2

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share 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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SPDR S&P Oil & Gas Equipment & Services ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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.