SPDR S&P Oil & Gas Equipment & Services ETF
ALTAR
Score™		 -1.9% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 10.7x P/Sales
ratio		 0.8x
P/BV
ratio		 1.3x Div.
yield		 1.1%


  • 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) $462
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 30
Wgt avg mkt cap (mns) $8,004
Large cap (>$10bn) 13.7%
Mid cap ($2-10bn) 48.1%
Small cap (<$2bn) 36.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VALARIS LTD. 4.9 %
NOBLE CORPORATION PLC CLASS A 4.8 %
BAKER HUGHES COMPANY CLASS A 4.8 %
WEATHERFORD INTERNATIONAL PL 4.6 %
CACTUS, INC. CLASS A 4.5 %
TIDEWATER INC 4.5 %
SCHLUMBERGER LTD 4.5 %
APERGY CORP. 4.4 %
TECHNIPFMC PLC 4.4 %
HELMERICH & PAYNE 4.4 %
Total 45.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.3 %
SWITZERLAND 8.9 %
BRITAIN 4.4 %
BERMUDA 3.9 %
NETHERLANDS 3.6 %






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.
6.9% 33.4% -9.1% -13.0% -6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.90 42%
MSCI EAFE 2.12 50%
MSCI Emg. Mkts. 1.59 33%

Technical Indicators
Recent close $74.93
30d moving avg. $80.63
Annualized volatility 61.6%
Short interest (ETF) 0.9%
Short interest (Underlying) 5.6%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 156
Turnover 2.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,593

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 363 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™: -1.9%


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
(%)
PXJ Invesco Dynamic Oil & Gas Services ETF 65.0 63 -28 0.1 +2.0
OIH VanEck Oil Services ETF 57.6 35 0 0.7 +2.6
IEZ iShares U.S. Oil Equipment & Services ETF 57.5 39 -4 1.6 +3.5
PSCE Invesco S&P SmallCap Energy ETF 30.9 29 6 7.0 +8.9
PXI Invesco DWA Energy Momentum ETF 24.2 60 -25 6.5 +8.4
RYE Invesco S&P 500 Equal Weight Energy ETF 12.2 40 -5 8.7 +10.7
VDE Vanguard Energy Index Fund 9.8 10 25 8.3 +10.2
FENY Fidelity MSCI Energy Index ETF 9.5 8 27 8.5 +10.4
XLE Energy Select Sector SPDR Fund 8.4 10 25 8.6 +10.5
IYE iShares U.S. Energy ETF 7.9 39 -4 8.0 +9.9
DRLL Strive U.S. Energy ETF 7.2 41 -6 7.9 +9.8
IGE iShares North American Natural Resources ETF 7.2 40 -5 8.0 +9.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 6.9 49 -14 7.3 +9.2
FXN First Trust Energy AlphaDEX Fund 6.1 64 -29 6.5 +8.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 5.9 96 -61 5.5 +7.4
XSMO Invesco S&P SmallCap Momentum ETF 5.6 39 -4 8.9 +10.9
IXC iShares Global Energy ETF 4.8 40 -5 9.5 +11.4
FYC First Trust Small Cap Growth AlphaDEX Fund 4.5 70 -35 3.9 +5.8
FTXN First Trust Nasdaq Oil & Gas ETF 4.3 60 -25 7.2 +9.1
QVAL Alpha Architect U.S. Quantitative Value ETF 3.8 49 -14 14.8 +16.7
AVUV Avantis U.S. Small Cap Value ETF 3.7 25 10 11.9 +13.8
CBSE Changebridge Capital Sustainable Equity ETF 3.4 85 -50 2.2 +4.1
MBCC Monarch Blue Chips Core ETF 3.4 125 -90 4.1 +6.1
SAMT Strategas Macro Thematic Opportunities ETF 3.2 65 -30 4.2 +6.1
AVSC Avantis U.S Small Cap Equity ETF 3.0 25 10 5.6 +7.5
DFSV Dimensional US Small Cap Value ETF 2.8 31 4 9.5 +11.4
ROKT SPDR S&P Kensho Final Frontiers ETF 2.8 45 -10 1.8 +3.7
CGDV Capital Group Dividend Value ETF 2.7 33 2 6.9 +8.8
NUSC Nuveen ESG Small-Cap ETF 2.6 30 5 5.9 +7.8
DWAS Invesco DWA SmallCap Momentum ETF 2.6 60 -25 2.2 +4.1
VFMO Vanguard U.S. Momentum Factor ETF 2.6 13 22 4.4 +6.3
FYX First Trust Small Cap Core AlphaDEX Fund 2.6 61 -26 9.3 +11.3
YALL God Bless America ETF 2.5 65 -30 4.3 +6.2
RBLD First Trust Alerian US NextGen Infrastructure ETF 2.5 65 -30 6.1 +8.0
PWB Invesco Dynamic Large Cap Growth ETF 2.3 56 -21 5.4 +7.3
NUMV Nuveen ESG Mid-Cap Value ETF 2.3 30 5 10.4 +12.4
BIBL Inspire ETF 2.3 35 0 6.3 +8.2
XMMO Invesco S&P MidCap Momentum ETF 2.3 33 2 8.7 +10.6
EQRR ProShares Equities for Rising Rates ETF 2.3 35 0 10.4 +12.3
IVSG Invesco Select Growth ETF 2.2 48 -13 5.1 +7.0
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 2.2 15 20 7.6 +9.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.2 35 0 13.8 +15.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.2 39 -4 12.9 +14.8
SLYV SPDR S&P 600 Small Cap Value ETF 2.1 15 20 9.5 +11.5
DFAT Dimensional U.S. Targeted Value ETF 2.1 29 6 10.1 +12.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 2.1 9 26 5.1 +7.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.1 63 -28 5.3 +7.2
IJS iShares S&P Small-cap 600 Value ETF 2.1 18 17 9.5 +11.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.1 15 20 19.2 +21.1
ESGS Columbia Sustainable U.S. Equity Income ETF 2.0 35 0 8.5 +10.4
IVLC Invesco US Large Cap Core ESG ETF 2.0 48 -13 6.6 +8.5
VFMF Vanguard U.S. Multifactor ETF 2.0 18 17 10.8 +12.7
FMIL Fidelity New Millennium ETF 2.0 59 -24 6.9 +8.8
SMLE Xtrackers S&P SmallCap 600 ESG ETF 2.0 15 20 8.7 +10.6
GLRY Inspire Faithward Mid Cap Momentum ESG ETF 2.0 80 -45 8.6 +10.5
ESIX SPDR S&P SmallCap 600 ESG ETF 2.0 12 23 8.8 +10.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 2.0 15 20 8.8 +10.7
IJR iShares Core S&P Small Cap ETF 2.0 6 29 8.6 +10.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 2.0 5 30 8.6 +10.5
SLY SPDR S&P 600 Small Cap ETF 2.0 15 20 8.5 +10.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.9 65 -30 5.9 +7.8
NULV Nuveen ESG Large-Cap Value ETF 1.9 25 10 8.6 +10.5
VIOO Vanguard S&P Small-Cap 600 ETF 1.9 10 25 17.0 +18.9
XJR iShares ESG Screened S&P Small-Cap ETF 1.8 12 23 8.0 +9.9
FPX First Trust US IPO Index Fund 1.8 57 -22 3.2 +5.1
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 -24 15.8 +17.7
SLYG SPDR S&P 600 Small Cap Growth ETF 1.8 15 20 7.5 +9.4
NTZG Nuveen Global Net Zero Transition ETF 1.8 55 -20 6.1 +8.0
IJT iShares S&P Small-Cap 600 Growth ETF 1.8 18 17 7.4 +9.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 1.8 39 -4 9.1 +11.0
PEXL Pacer US Export Leaders ETF 1.8 60 -25 7.3 +9.2
DEIF Sterling Capital Diverse Multi-Manager Active ETF 1.7 65 -30 7.7 +9.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.7 15 20 14.8 +16.7
WGRO WisdomTree U.S. Growth & Momentum Fund 1.7 55 -20 7.7 +9.6
DFAS Dimensional U.S. Small Cap ETF 1.7 28 7 7.5 +9.4
CGGR Capital Group Growth ETF 1.7 39 -4 5.0 +6.9
IWO iShares Russell 2000 Growth ETF 1.6 23 12 3.1 +5.0
VTWG Vanguard Russell 2000 Growth Index Fund 1.6 15 20 3.2 +5.1
SPMO Invesco S&P 500 Momentum ETF 1.6 13 22 7.8 +9.7
NUDV Nuveen ESG Dividend ETF 1.6 25 10 8.2 +10.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.6 70 -35 4.0 +5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.6 39 -4 5.8 +7.7
SUSA iShares MSCI USA ESG Select ETF 1.6 25 10 6.5 +8.4
NULC Nuveen ESG Large-Cap ETF 1.5 20 15 6.4 +8.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 -25 5.3 +7.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 6 8.9 +10.8
IWM iShares Russell 2000 ETF 1.5 19 16 4.9 +6.8
MTUM iShares MSCI USA Momentum Factor ETF 1.5 15 20 8.2 +10.1
HAP VanEck Natural Resources ETF 1.5 49 -14 9.4 +11.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.5 25 10 7.4 +9.3
VTWO Vanguard Russell 2000 Index Fund 1.5 10 25 4.9 +6.8
FTC First Trust Large Cap Growth AlphaDEX Fund 1.5 59 -24 6.7 +8.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.4 30 5 12.6 +14.5
USAI Pacer American Energy Independence ETF 1.4 75 -40 3.7 +5.6
FDG American Century Focused Dynamic Growth ETF 1.4 45 -10 3.4 +5.3
RYJ Invesco Raymond James SB-1 Equity ETF 1.4 81 -46 5.9 +7.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.4 30 5 10.9 +12.8
RNSC Small Cap US Equity Select ETF 1.4 60 -25 9.0 +10.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.4 17 18 5.9 +7.8
PY Principal Shareholder Yield Index ETF 1.4 15 20 8.5 +10.4
SCHA Schwab U.S. Small-Cap ETF 1.4 4 31 6.0 +7.9
CVAR Cultivar ETF 1.3 87 -52 8.7 +10.6
OSCV Opus Small Cap Value Plus ETF 1.3 79 -44 7.1 +9.0
IWN iShares Russell 2000 Value ETF 1.3 23 12 6.7 +8.6
ISCG iShares Morningstar Small-Cap Growth ETF 1.3 6 29 2.3 +4.2
BFOR Barron's 400 ETF 1.3 65 -30 10.7 +12.6
VOE Vanguard Mid-Cap Value Index Fund 1.3 7 28 9.2 +11.1
VTWV Vanguard Russell 2000 Value Index Fund 1.3 15 20 6.7 +8.6
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.3 64 -29 8.2 +10.1
MLPX Global X MLP & Energy Infrastructure ETF 1.3 45 -10 5.4 +7.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.3 20 15 8.5 +10.5
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 1.3 19 16 8.7 +10.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.3 6 29 5.9 +7.8
IWC iShares Micro-Cap ETF 1.3 60 -25 -4.6 -2.7
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 1.2 127 -92 3.1 +5.0
CSML IQ Chaikin U.S. Small Cap ETF 1.2 35 0 6.9 +8.8
JHSC John Hancock Multifactor Small Cap ETF 1.2 42 -7 7.4 +9.3
STXK Strive Small-Cap ETF 1.2 18 17 6.4 +8.3
VFVA Vanguard U.S. Value Factor ETF 1.2 13 22 13.0 +14.9
FSST Fidelity Sustainability U.S. Equity ETF 1.2 59 -24 6.3 +8.2
PSET Principal Price Setters Index ETF 1.2 15 20 7.4 +9.3
GNR SPDR S&P Global Natural Resources ETF 1.2 40 -5 10.5 +12.4
ISCB iShares Morningstar Small-Cap ETF 1.1 4 31 5.6 +7.5
VBK Vanguard Small-Cap Growth Index Fund 1.1 7 28 1.8 +3.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.1 15 20 15.1 +17.1
IJK iShares S&P Mid-Cap 400 Growth ETF 1.1 17 18 7.6 +9.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.1 15 20 7.6 +9.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 1.1 35 0 9.4 +11.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 1.1 36 -1 9.4 +11.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.0 95 -60 2.7 +4.6
SQLV Legg Mason Small-Cap Quality Value 1.0 61 -26 12.4 +14.3
SSLY Syntax Stratified SmallCap ETF 1.0 35 0 7.7 +9.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 57 -22 5.4 +7.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 0 5.6 +7.5
DES WisdomTree U.S. SmallCap Dividend Fund 1.0 38 -3 10.4 +12.3
VAMO Cambria Value & Momentum ETF 1.0 64 -29 12.8 +14.7
ISCV iShares Morningstar Small Cap Value ETF 1.0 6 29 9.0 +10.9
BKSE BNY Mellon US Small Cap Core Equity ETF 1.0 4 31 6.5 +8.4
VFQY Vanguard U.S. Quality Factor ETF 1.0 13 22 9.1 +11.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.9 35 0 9.7 +11.6
SSPY Syntax Stratified LargeCap ETF 0.9 30 5 7.7 +9.6
SNPV Xtrackers S&P ESG Value ETF 0.9 15 20 8.0 +9.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.9 25 10 11.0 +12.9
DBLV AdvisorShares DoubleLine Value Equity ETF 0.9 91 -56 13.1 +15.0
ITAN Sparkline Intangible Value ETF 0.9 50 -15 7.8 +9.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.9 29 6 8.8 +10.7
VO Vanguard Mid-Cap Index Fund 0.9 4 31 7.3 +9.2
VXF Vanguard Extended Market Index Fund 0.9 6 29 4.5 +6.4
IMCV iShares Morningstar Mid-Cap Value ETF 0.9 6 29 9.5 +11.4
EES WisdomTree SmallCap Earnings Fund 0.8 38 -3 13.3 +15.2
VB Vanguard Small-Cap ETF 0.8 5 30 6.4 +8.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 59 -24 9.6 +11.5
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 31 7.4 +9.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.8 4 31 7.4 +9.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 0.8 35 0 9.5 +11.4
IWS iShares Russell Mid-Cap Value ETF 0.8 23 12 7.9 +9.8
IMCG iShares Morningstar Mid-Cap Growth ETF 0.8 6 29 5.5 +7.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.8 24 11 9.3 +11.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 15 7.5 +9.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.8 20 15 7.2 +9.1
AFSM First Trust Active Factor Small Cap ETF 0.8 75 -40 10.1 +12.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 -17 8.8 +10.7
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 -17 9.3 +11.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.7 12 23 7.3 +9.2
AVUS Avantis U.S. Equity ETF 0.7 15 20 7.8 +9.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 -24 8.3 +10.2
DGT SPDR Global Dow ETF 0.7 50 -15 8.4 +10.3
RNMC Mid Cap US Equity Select ETF 0.7 60 -25 10.0 +11.9
CGUS Capital Group Core Equity ETF 0.7 33 2 6.7 +8.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.7 39 -4 9.4 +11.3
VYM Vanguard High Dividend Yield Index ETF 0.7 6 29 8.8 +10.7
MRND IQ U.S. Mid Cap R&D Leaders ETF 0.7 16 19 0.2 +2.1
HLAL Wahed FTSE USA Shariah ETF 0.7 50 -15 6.4 +8.3
SUSL iShares ESG MSCI USA Leaders ETF 0.7 10 25 6.8 +8.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.7 10 25 6.8 +8.7
GVLU Gotham 1000 Value ETF 0.6 50 -15 12.1 +14.0
JHMM John Hancock Multifactor Mid Cap ETF 0.6 41 -6 8.3 +10.2
IWR iShares Russell Midcap ETF 0.6 18 17 6.9 +8.8
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 0.6 39 -4 6.8 +8.7
XJH iShares ESG Screened S&P Mid-Cap ETF 0.6 12 23 8.5 +10.5
SPHQ Invesco S&P 500 Quality ETF 0.6 15 20 7.0 +8.9
IWD iShares Russell 1000 Value ETF 0.6 18 17 8.0 +9.9
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 27 8.1 +10.0
HEET Hartford Schroders ESG US Equity ETF 0.6 39 -4 7.6 +9.5
VBR Vanguard Small Cap Value Index Fund 0.6 7 28 9.6 +11.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.6 15 20 9.0 +10.9
GRZZ Grizzle Growth ETF 0.6 75 -40 7.9 +9.8
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.6 17 18 6.9 +8.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.6 15 20 6.4 +8.3
MAGA Point Bridge GOP Stock Tracker ETF 0.6 72 -37 7.1 +9.0
MDY SPDR S&P Midcap 400 ETF Trust 0.6 22 13 8.5 +10.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.6 19 16 7.5 +9.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.6 10 25 17.4 +19.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.6 25 10 8.2 +10.1
SPMD SPDR Portfolio Mid Cap ETF 0.6 5 30 8.7 +10.6
IJH iShares Core S&P Mid-Cap ETF 0.6 5 30 8.7 +10.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.6 12 23 7.8 +9.7
LRGF iShares Edge MSCI Multifactor USA ETF 0.6 8 27 7.9 +9.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 28 6.2 +8.1
IVE iShares S&P 500 Value ETF 0.5 18 17 7.2 +9.1
VOOV Vanguard S&P 500 Value ETF 0.5 10 25 7.3 +9.2
RNLC Large Cap US Equity Select ETF 0.5 60 -25 7.7 +9.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.5 4 31 7.3 +9.2
RSP Invesco S&P 500 Equal Weight ETF 0.5 20 15 7.4 +9.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.5 15 20 9.2 +11.2
TPYP Tortoise North American Pipeline Fund 0.5 40 -5 5.7 +7.6
STXV Strive 1000 Value ETF 0.5 18 17 9.3 +11.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 68 -33 2.7 +4.6
IWX iShares Russell Top 200 Value ETF 0.5 20 15 8.0 +9.9
IFRA iShares U.S. Infrastructure ETF 0.5 30 5 7.1 +9.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.5 9 26 7.1 +9.1
SVAL iShares US Small Cap Value Factor ETF 0.5 20 15 12.6 +14.6
KOMP SPDR Kensho New Economies Composite ETF 0.5 20 15 -1.3 +0.6
IUSV iShares Core S&P U.S. Value ETF 0.5 4 31 7.5 +9.4
CGW Invesco S&P Global Water Index ETF 0.5 57 -22 4.6 +6.5
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 6.9 +8.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.5 25 10 8.3 +10.2
PRF Invesco FTSE RAFI US 1000 ETF 0.5 39 -4 8.3 +10.2
ZECP Zacks Earnings Consistent Portfolio ETF 0.5 55 -20 6.7 +8.6
ESG FlexShares STOXX US ESG Impact Index Fund 0.5 32 3 6.6 +8.5
DFUV Dimensional US Marketwide Value ETF 0.5 23 12 9.5 +11.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 27 8 7.1 +9.0
DON WisdomTree U.S. MidCap Dividend Fund 0.5 38 -3 10.3 +12.2
SNPE Xtrackers S&P 500 ESG ETF 0.5 10 25 6.9 +8.8
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.5 15 20 6.6 +8.5
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 23 8.8 +10.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.5 25 10 7.4 +9.3
IQSU IQ Candriam ESG US Equity ETF 0.5 9 26 6.3 +8.2
DSMC Distillate Small/Mid Cash Flow ETF 0.5 55 -20 13.5 +15.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.5 39 -4 11.1 +13.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 15 9.3 +11.2
SHE SPDR SSGA Gender Diversity Index ETF 0.5 20 15 6.9 +8.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 0.5 38 -3 11.9 +13.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 15 -8.3 -6.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.4 40 -5 8.5 +10.4
DFUS Dimensional U.S. Equity ETF 0.4 11 24 6.7 +8.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.4 60 -25 10.5 +12.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 32 6.5 +8.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 52 -17 6.6 +8.5
VOT Vanguard Mid-Cap Growth Index Fund 0.4 7 28 5.5 +7.4
TPLC Timothy Plan US Large Cap Core ETF 0.4 52 -17 7.2 +9.1
RFFC RiverFront Dynamic US Flex-Cap ETF 0.4 52 -17 7.1 +9.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.4 35 0 9.5 +11.4
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 26 7.3 +9.2
SIZE iShares MSCI USA Size Factor ETF 0.4 15 20 7.2 +9.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 27 8 6.5 +8.4
ESGU iShares MSCI USA ESG Optimized ETF 0.4 15 20 6.7 +8.6
SCHB Schwab U.S. Broad Market ETF 0.4 3 32 6.6 +8.5
VTI Vanguard Total Stock Market Index Fund 0.4 3 32 6.5 +8.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 27 8 6.3 +8.2
IUS Invesco Strategic US ETF 0.4 19 16 8.1 +10.0
FYT First Trust Small Cap Value AlphaDEX Fund 0.4 71 -36 13.4 +15.3
IWV iShares Russell 3000 ETF 0.4 20 15 6.4 +8.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 24 7.1 +9.0
VTHR Vanguard Russell 3000 Index Fund 0.4 10 25 6.5 +8.4
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 15 20 5.5 +7.4
XVV iShares ESG Screened S&P 500 ETF 0.4 8 27 6.7 +8.6
BLES Inspire Global Hope Large Cap ETF 0.4 49 -14 7.2 +9.1
SMDY Syntax Stratified MidCap ETF 0.4 35 0 8.5 +10.4
PDP Invesco DWA Momentum ETF 0.4 62 -27 5.9 +7.8
RWL Invesco S&P 500 Revenue ETF 0.4 39 -4 7.9 +9.8
ILCG iShares Morningstar Growth ETF 0.4 4 31 5.5 +7.4
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 32 7.0 +8.9
ACVF American Conservative Values ETF 0.4 75 -40 5.9 +7.8
PSC Principal U.S. Small Cap Index ETF 0.4 38 -3 9.8 +11.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.4 20 15 6.6 +8.5
SCHK Schwab 1000 Index ETF 0.4 5 30 6.7 +8.6
DSI iShares MSCI KLD 400 Social ETF 0.4 25 10 6.7 +8.6
JHML John Hancock Multifactor Large Cap ETF 0.4 29 6 7.1 +9.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 6 6.5 +8.5
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 12 5.6 +7.5
SFY SoFi Select 500 ETF 0.4 0 35 6.9 +8.8
IVV iShares Core S&P 500 ETF 0.4 3 32 6.9 +8.8
SPY SPDR S&P 500 ETF Trust 0.4 9 26 6.8 +8.7
VOO VANGUARD S&P 500 ETF 0.4 3 32 6.9 +8.8
VTV Vanguard Value Index Fund 0.4 4 31 8.6 +10.5
IYY iShares Dow Jones U.S. ETF 0.4 20 15 6.5 +8.4
SPLG SPDR Portfolio S&P 500 ETF 0.4 3 32 6.9 +8.8
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 32 6.8 +8.7
YPS Arrow Reverse Cap 500 ETF 0.3 29 6 7.1 +9.0
VOTE Engine No. 1 Transform 500 ETF 0.3 5 30 6.5 +8.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 28 6.7 +8.6
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 31 8.1 +10.0
ADME Aptus Drawdown Managed Equity ETF 0.3 79 -44 6.0 +7.9
XSHQ Invesco S&P SmallCap Quality ETF 0.3 29 6 12.3 +14.2
STRV Strive 500 ETF 0.3 5 30 6.6 +8.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 33 6.7 +8.6
VV Vanguard Large-Cap Index Fund 0.3 4 31 6.7 +8.6
EZM WisdomTree U.S. MidCap Earnings Fund 0.3 38 -3 12.2 +14.1
PBUS Invesco PureBeta MSCI USA ETF 0.3 4 31 6.8 +8.7
IWB iShares Russell 1000 ETF 0.3 15 20 6.6 +8.5
VONE Vanguard Russell 1000 ETF 0.3 8 27 6.7 +8.6
SCHX Schwab U.S. Large-Cap ETF 0.3 3 32 6.7 +8.6
VUG Vanguard Growth Index Fund 0.3 4 31 5.5 +7.4
ISMD Inspire Small/Mid Cap Impact ETF 0.3 48 -13 6.8 +8.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.3 42 -7 7.1 +9.0
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 40 -5 5.2 +7.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 24 6.7 +8.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 17 8.4 +10.3
ILCV iShares Morningstar Value ETF 0.3 4 31 8.4 +10.3
RVRB Reverb ETF 0.3 30 5 6.7 +8.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 11 9.6 +11.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 21 6.6 +8.5
VDNI V-Shares US Leadership Diversity ETF 0.3 29 6 6.8 +8.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 7.0 +8.9
GSPY Gotham Enhanced 500 ETF 0.3 50 -15 7.1 +9.0
DTD WisdomTree U.S.Total Dividend Fund 0.3 28 7 8.3 +10.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.3 60 -25 6.2 +8.2
STXG Strive 1000 Growth ETF 0.3 18 17 5.8 +7.7
SFYX Sofi Next 500 ETF 0.2 0 35 7.3 +9.2
EBLU Ecofin Global Water ESG Fund 0.2 40 -5 4.5 +6.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 7.2 +9.1
TOK iShares MSCI Kokusai ETF 0.2 25 10 7.0 +8.9
IUSG iShares Core S&P US Growth ETF 0.2 4 31 7.0 +9.0
MGV Vanguard Mega Cap Value ETF 0.2 7 28 8.4 +10.3
IWL iShares Russell Top 200 ETF 0.2 15 20 6.5 +8.4
VT Vanguard Total World Stock ETF 0.2 7 28 7.3 +9.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.2 35 0 7.7 +9.6
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 -30 10.3 +12.2
URTH iShares MSCI World ETF 0.2 24 11 7.1 +9.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 0 7.7 +9.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 35 6.6 +8.5
MGC Vanguard Mega Cap Index Fund 0.2 7 28 6.5 +8.4
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -30 7.7 +9.6
QQQ Invesco QQQ Trust 0.2 20 15 5.9 +7.8
QQQM Invesco NASDAQ 100 ETF 0.2 15 20 6.2 +8.1
MGK Vanguard Mega Cap Growth ETF 0.2 7 28 5.6 +7.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.2 21 14 4.7 +6.7
EMLP First Trust North American Energy Infrastructure Fund 0.2 95 -60 5.9 +7.8
ACWI iShares MSCI ACWI ETF 0.2 32 3 7.2 +9.1
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 31 7.0 +8.9
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 7 7.9 +9.8
VOOG Vanguard S&P 500 Growth ETF 0.2 10 25 7.0 +8.9
IVW iShares S&P 500 Growth ETF 0.2 18 17 6.9 +8.8
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 31 7.0 +8.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 6.6 +8.5
BTHM BlackRock Future U.S. Themes ETF 0.2 60 -25 6.6 +8.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.2 28 7 7.2 +9.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 6.4 +8.3
DIVB iShares Core Dividend 0.2 5 30 9.5 +11.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.2 17 18 8.7 +10.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -40 7.7 +9.6
RNDV US Equity Dividend Select ETF 0.2 50 -15 10.0 +11.9
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 6 7.2 +9.1
FSMD Fidelity Small-Mid Factor ETF 0.1 29 6 8.6 +10.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 49 -14 6.3 +8.2
SMMD iShares Russell 2500 ETF 0.1 15 20 6.8 +8.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 26 7.4 +9.3
TMFX Motley Fool Next Index ETF 0.1 50 -15 4.0 +5.9
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.1 50 -15 3.7 +5.6
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 27 8.3 +10.3
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 20 7.2 +9.2
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -24 2.9 +4.8
DHS WisdomTree U.S. High Dividend Fund 0.1 38 -3 10.3 +12.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 69 -34 11.9 +13.8
VONG Vanguard Russell 1000 Growth Index Fund 0.1 8 27 6.3 +8.2
IWF iShares Russell 1000 Growth ETF 0.1 18 17 6.1 +8.1
IPO Renaissance IPO ETF 0.1 60 -25 -49.6 -47.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 7.6 +9.5
AUSF Global X Adaptive U.S. Factor ETF 0.0 27 8 8.0 +9.9
SQEW LeaderShares Equity Skew ETF 0.0 75 -40 6.5 +8.4
RECS Columbia Research Enhanced Core ETF 0.0 15 20 7.8 +9.7
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -14 8.0 +9.9

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:		 SPDR S&P Oil & Gas Equipment & Services 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 -1.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score -1.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.52
 
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.