SPDR S&P Oil & Gas Equipment & Services ETF
ALTAR
Score™		 2.8% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 15.5x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 3.8%


  • 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) $187
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) $7,794
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
BAKER HUGHES COMPANY CLASS A 5.6 %
PATTERSON-UTI ENERGY INC 5.6 %
SCHLUMBERGER LTD 5.6 %
APERGY CORP. 5.6 %
TECHNIPFMC PLC 4.9 %
ARCHROCK INC. 4.8 %
HALLIBURTON CO 4.8 %
WEATHERFORD INTERNATIONAL PL 4.6 %
NATIONAL OILWELL VARCO INC 4.6 %
VALARIS LTD 4.5 %
Total 50.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 70.0 %
SWITZERLAND 9.0 %
BRITAIN 5.2 %
NETHERLANDS 1.8 %
BERMUDA 0.8 %






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.
-5.9% -8.2% 8.0% -10.9% -6.0%

Market Correlations
versus... Beta R-squared
S&P500 1.30 30%
MSCI EAFE 1.13 23%
MSCI Emg. Mkts. 0.45 4%

Technical Indicators
Recent close $72.90
30d moving avg. $72.45
Annualized volatility 40.5%
Short interest (ETF) 2.2%
Short interest (Underlying) 5.6%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 54
Turnover 2.1%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $1,449

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 431 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™: 2.8%


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 Oil & Gas Services ETF 58.9 63 -28 6.1 +3.2
IEZ iShares U.S. Oil Equipment & Services ETF 56.1 40 -5 4.5 +1.6
OIH VanEck Oil Services ETF 53.6 35 0 4.2 +1.3
PSCE Invesco S&P SmallCap Energy ETF 34.6 29 6 10.9 +8.0
PXI Invesco Dorsey Wright Energy Momentum ETF 15.2 60 -25 8.5 +5.7
RSPG Invesco S&P 500 Equal Weight Energy ETF 13.5 40 -5 10.1 +7.3
FXN First Trust Energy AlphaDEX Fund 12.7 62 -27 13.7 +10.9
FTXN First Trust Nasdaq Oil & Gas ETF 10.8 60 -25 11.6 +8.8
FENY Fidelity MSCI Energy Index ETF 10.1 8 27 8.8 +6.0
VDE Vanguard Energy ETF 9.7 10 25 8.8 +5.9
XLE Energy Select Sector SPDR Fund 8.6 8 27 8.6 +5.8
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 8.5 60 -25 8.8 +6.0
IYE iShares U.S. Energy ETF 8.2 40 -5 8.6 +5.7
COWS Amplify Cash Flow Dividend Leaders ETF 7.1 0 35 12.7 +9.9
IGE iShares North American Natural Resources ETF 6.5 41 -6 7.7 +4.8
GRPZ Invesco S&P SmallCap 600 GARP ETF 6.2 35 0 3.1 +0.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 6.1 49 -14 12.7 +9.9
COWZ Pacer US Cash Cows 100 ETF 6.1 49 -14 9.5 +6.6
CALF Pacer US Small Cap Cash Cows 100 ETF 6.1 59 -24 12.0 +9.2
EQRR ProShares Equities for Rising Rates ETF 5.9 35 0 8.0 +5.2
EIPX FT Energy Income Partners Strategy ETF 5.9 95 -60 7.4 +4.6
CCNR ALPS CoreCommodity Natural Resources ETF 5.7 39 -4 11.0 +8.2
ROKT SPDR S&P Kensho Final Frontiers ETF 5.4 45 -10 3.0 +0.1
IXC iShares Global Energy ETF 4.6 44 -9 9.8 +7.0
NVIR Horizon Kinetics Energy and Remediation ETF 4.5 85 -50 5.7 +2.9
NANR SPDR S&P North American Natural Resources ETF 4.4 35 0 8.4 +5.6
USAI Pacer American Energy Independence ETF 4.3 75 -40 4.5 +1.7
AIEQ AI Powered Equity ETF 4.2 75 -40 4.1 +1.3
AVUV Avantis U.S. Small Cap Value ETF 4.2 25 10 10.8 +8.0
SMRI Bushido Capital US Equity ETF 4.1 71 -36 9.9 +7.1
SIXS ETC 6 Meridian Small Cap Equity ETF 4.1 89 -54 9.4 +6.6
PEXL Pacer US Export Leaders ETF 4.0 60 -25 5.4 +2.6
QVAL Alpha Architect US Quantitative Value ETF 4.0 39 -4 10.3 +7.5
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 4.0 38 -3 10.1 +7.3
FLOW Global X U.S. Cash Flow Kings 100 ETF 3.8 25 10 9.9 +7.1
VFLO VictoryShares Free Cash Flow ETF 3.5 39 -4 10.7 +7.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 3.4 35 0 9.2 +6.4
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 3.4 55 -20 5.2 +2.3
GVLU Gotham 1000 Value ETF 3.4 50 -15 9.1 +6.3
TXS Texas Capital Texas Equity Index ETF 3.1 49 -14 5.1 +2.3
RBLD First Trust Alerian US NextGen Infrastructure ETF 3.0 65 -30 5.9 +3.1
NUSC Nuveen ESG Small-Cap ETF 2.8 31 4 5.3 +2.5
SHRY First Trust Bloomberg Shareholder Yield ETF 2.7 60 -25 7.9 +5.1
DES WisdomTree U.S. SmallCap Dividend Fund 2.6 38 -3 8.7 +5.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.6 35 0 3.7 +0.9
FSMO Fidelity Small-Mid Cap Opportunities ETF 2.6 60 -25 6.4 +3.6
EIPI FT Energy Income Partners Enhanced Income ETF 2.6 110 -75 6.0 +3.2
SURE AdvisorShares Insiders Advantage ETF 2.6 90 -55 10.0 +7.2
TPHD Timothy Plan High Dividend Stock ETF 2.5 52 -17 6.9 +4.1
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.5 54 -19 6.9 +4.1
PY Principal Value ETF 2.5 15 20 7.1 +4.3
IJT iShares S&P Small-Cap 600 Growth ETF 2.5 18 17 5.1 +2.3
MVPA Miller Value Partners Appreciation ETF 2.5 60 -25 8.4 +5.6
SWP SWP Growth & Income ETF 2.5 99 -64 4.6 +1.8
CAML Congress Large Cap Growth ETF 2.4 66 -31 3.4 +0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 2.4 70 -35 12.3 +9.5
HAPS Harbor Human Capital Factor US Small Cap ETF 2.4 60 -25 4.4 +1.6
LYLD Cambria Large Cap Shareholder Yield ETF 2.4 59 -24 9.8 +7.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 2.4 15 20 5.3 +2.5
SLYG SPDR S&P 600 Small Cap Growth ETF 2.4 15 20 5.1 +2.3
XSMO Invesco S&P SmallCap Momentum ETF 2.4 39 -4 5.3 +2.4
FTA First Trust Large Cap Value AlphaDEX Fund 2.4 59 -24 9.4 +6.6
EINC VanEck Energy Income ETF 2.3 48 -13 5.0 +2.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 2.3 47 -12 9.8 +6.9
FYC First Trust Small Cap Growth AlphaDEX Fund 2.3 71 -36 1.1 -1.8
CVY Invesco Zacks Multi-Asset Income ETF 2.3 106 -71 10.9 +8.1
NULV Nuveen ESG Large-Cap Value ETF 2.2 26 9 6.2 +3.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.2 29 6 7.4 +4.6
DFSV Dimensional US Small Cap Value ETF 2.1 31 4 10.9 +8.1
VFVA Vanguard U.S. Value Factor ETF 2.1 13 22 11.7 +8.9
IQM Franklin Intelligent Machines ETF 2.1 50 -15 2.6 -0.2
LIVR Intelligent Livermore ETF 2.1 69 -34 8.2 +5.4
FTGS First Trust Growth Strength ETF 2.1 60 -25 5.6 +2.8
STXK Strive Small-Cap ETF 2.1 18 17 5.5 +2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 2.1 67 -32 10.1 +7.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.1 39 -4 9.8 +7.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.1 31 4 6.4 +3.6
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -41 5.8 +2.9
MLPX Global X MLP & Energy Infrastructure ETF 2.0 45 -10 5.0 +2.2
IJR iShares Core S&P Small Cap ETF 2.0 6 29 7.3 +4.5
CSMD Congress SMid Growth ETF 2.0 69 -34 4.2 +1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.9 60 -25 4.4 +1.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.9 59 -24 6.1 +3.2
FTDS First Trust Dividend Strength ETF 1.9 70 -35 7.8 +5.0
AVSC Avantis U.S Small Cap Equity ETF 1.9 25 10 6.6 +3.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.9 6 29 7.9 +5.1
EES WisdomTree U.S. SmallCap Fund 1.9 38 -3 9.1 +6.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.9 3 32 7.4 +4.5
VIOO Vanguard S&P Small-Cap 600 ETF 1.9 10 25 7.2 +4.4
FESM Fidelity Enhanced Small Cap ETF 1.9 28 7 3.8 +1.0
QDIV Global X S&P 500 Quality Dividend ETF 1.8 20 15 8.2 +5.3
SFYX SoFi Next 500 ETF 1.8 0 35 3.6 +0.8
VBK Vanguard Small-Cap Growth ETF 1.8 7 28 1.7 -1.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.8 60 -25 8.5 +5.6
BKSE BNY Mellon US Small Cap Core Equity ETF 1.8 4 31 5.9 +3.1
RFV Invesco S&P Midcap 400 Pure Value ETF 1.7 35 0 14.1 +11.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.7 15 20 7.3 +4.5
PSC Principal U.S. Small-Cap ETF 1.7 38 -3 6.9 +4.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.7 30 5 7.6 +4.8
ESIX SPDR S&P SmallCap 600 ESG ETF 1.7 12 23 5.9 +3.1
XMHQ Invesco S&P MidCap Quality ETF 1.7 25 10 7.1 +4.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.7 39 -4 4.0 +1.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.6 35 0 10.9 +8.1
DFAT Dimensional U.S. Targeted Value ETF 1.6 28 7 10.0 +7.2
TPYP Tortoise North American Pipeline Fund 1.6 40 -5 5.4 +2.6
BIBL Inspire 100 ETF 1.6 35 0 4.7 +1.9
BFOR ALPS Barron's 400 ETF 1.5 65 -30 6.2 +3.4
RSSL Global X Russell 2000 ETF 1.5 8 27 3.6 +0.8
IWM iShares Russell 2000 ETF 1.5 19 16 3.6 +0.8
IWN iShares Russell 2000 Value ETF 1.5 24 11 5.8 +2.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.5 15 20 5.8 +3.0
ISMD Inspire Small/Mid Cap ETF 1.5 54 -19 4.7 +1.9
IWO iShares Russell 2000 Growth ETF 1.5 24 11 1.5 -1.4
JGLO JPMorgan Global Select Equity ETF 1.5 33 2 5.1 +2.3
FNDA Schwab Fundamental US Small Co. Index ETF 1.4 25 10 6.6 +3.8
VTWV Vanguard Russell 2000 Value ETF 1.4 15 20 5.9 +3.1
VTWG Vanguard Russell 2000 Growth ETF 1.4 15 20 1.5 -1.3
VTWO Vanguard Russell 2000 ETF 1.4 10 25 3.8 +1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -30 3.5 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 1.4 60 -25 8.2 +5.4
DSMC Distillate Small/Mid Cash Flow ETF 1.4 55 -20 13.5 +10.7
LRGC AB US Large Cap Strategic Equities ETF 1.4 48 -13 4.8 +2.0
IJS iShares S&P Small-Cap 600 Value ETF 1.4 18 17 9.4 +6.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.4 20 15 6.6 +3.8
FDM First Trust Dow Jones Select MicroCap Index Fund 1.3 60 -25 8.4 +5.6
FYX First Trust Small Cap Core AlphaDEX Fund 1.3 61 -26 5.9 +3.0
DFAS Dimensional U.S. Small Cap ETF 1.3 26 9 6.9 +4.1
CGGR Capital Group Growth ETF 1.3 39 -4 3.7 +0.9
FITE SPDR S&P Kensho Future Security ETF 1.3 45 -10 2.8 +0.0
FEX First Trust Large Cap Core AlphaDEX Fund 1.3 59 -24 6.5 +3.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.3 15 20 9.3 +6.4
SLYV SPDR S&P 600 Small Cap Value ETF 1.3 15 20 9.5 +6.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.3 75 -40 3.5 +0.6
ONEY SPDR Russell 1000 Yield Focus ETF 1.3 20 15 9.1 +6.3
TPSC Timothy Plan US Small Cap Core ETF 1.3 52 -17 7.2 +4.4
EZM WisdomTree U.S. MidCap Fund 1.3 38 -3 9.3 +6.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.3 17 18 5.7 +2.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 1.3 35 0 4.7 +1.9
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 1.3 42 -7 5.5 +2.7
JHSC John Hancock Multifactor Small Cap ETF 1.2 42 -7 6.9 +4.1
NUDV Nuveen ESG Dividend ETF 1.2 26 9 6.7 +3.9
AVLV Avantis U.S. Large Cap Value ETF 1.2 15 20 8.1 +5.3
SQLV Royce Quant Small-Cap Quality Value ETF 1.2 60 -25 9.6 +6.8
CGUS Capital Group Core Equity ETF 1.2 33 2 4.6 +1.8
EQIN Columbia US Equity Income ETF 1.2 35 0 6.8 +4.0
FDWM Fidelity Women's Leadership ETF 1.2 59 -24 3.2 +0.4
VFMF Vanguard U.S. Multifactor ETF 1.2 18 17 8.5 +5.7
GNR SPDR S&P Global Natural Resources ETF 1.2 40 -5 11.4 +8.6
VOE Vanguard Mid-Cap Value ETF 1.2 7 28 7.2 +4.4
SMLF iShares U.S. SmallCap Equity Factor ETF 1.2 15 20 6.0 +3.2
VFQY Vanguard U.S. Quality Factor ETF 1.2 13 22 6.6 +3.8
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.2 60 -25 2.1 -0.7
IMCB iShares Morningstar Mid-Cap ETF 1.2 4 31 6.0 +3.2
ECML Euclidean Fundamental Value ETF 1.2 95 -60 13.1 +10.3
QDF FlexShares Quality Dividend Index Fund 1.1 37 -2 6.2 +3.4
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 29 2.7 -0.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.1 20 15 4.5 +1.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.1 9 26 4.0 +1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 -23 4.3 +1.5
DFUV Dimensional US Marketwide Value ETF 1.1 22 13 8.1 +5.3
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.1 45 -10 7.7 +4.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 0 4.5 +1.7
SVAL iShares US Small Cap Value Factor ETF 1.1 20 15 11.0 +8.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.1 12 23 6.6 +3.8
FSST Fidelity Sustainable U.S. Equity ETF 1.1 59 -24 4.4 +1.6
VRAI Virtus Real Asset Income ETF 1.1 55 -20 7.5 +4.7
AFSM First Trust Active Factor Small Cap ETF 1.1 75 -40 7.0 +4.2
EBLU Ecofin Global Water ESG Fund 1.0 40 -5 4.4 +1.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 1.0 52 -17 5.6 +2.8
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 1.0 58 -23 5.6 +2.8
FDG American Century Focused Dynamic Growth ETF 1.0 45 -10 2.4 -0.4
DFLV Dimensional US Large Cap Value ETF 1.0 22 13 8.2 +5.4
NIXT Research Affiliates Deletions ETF 1.0 9 26 3.8 +1.0
SHUS Syntax Stratified U.S. Total Market Hedged ETF 1.0 65 -30 5.4 +2.5
SSPY Syntax Stratified LargeCap ETF 1.0 30 5 6.6 +3.8
WLDR Affinity World Leaders Equity ETF 1.0 67 -32 8.3 +5.5
SPGP Invesco S&P 500 GARP ETF 1.0 34 1 9.6 +6.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 15 6.0 +3.2
RFFC ALPS Active Equity Opportunity ETF 1.0 48 -13 4.5 +1.7
AUSF Global X Adaptive U.S. Factor ETF 1.0 27 8 9.2 +6.3
DFSU Dimensional US Sustainability Core 1 ETF 1.0 18 17 5.8 +3.0
IWS iShares Russell Mid-Cap Value ETF 1.0 23 12 6.5 +3.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.0 24 11 7.6 +4.8
ISCB iShares Morningstar Small-Cap ETF 1.0 4 31 5.6 +2.8
PTL Inspire 500 ETF 1.0 9 26 5.4 +2.6
DIVG Invesco S&P 500 High Dividend Growers ETF 0.9 39 -4 5.3 +2.5
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -45 12.6 +9.8
VB Vanguard Small-Cap ETF 0.9 5 30 5.7 +2.9
PSET Principal Quality ETF 0.9 15 20 5.7 +2.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.9 80 -45 4.7 +1.9
SNPV Xtrackers S&P 500 Value ESG ETF 0.9 15 20 5.4 +2.6
FTWO Strive FAANG 2.0 ETF 0.9 49 -14 5.1 +2.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.9 20 15 3.7 +0.9
QUAL iShares MSCI USA Quality Factor ETF 0.9 15 20 5.3 +2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.9 20 15 5.5 +2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 -24 6.2 +3.4
IWC iShares Micro-Cap ETF 0.9 60 -25 -1.1 -3.9
TTAC FCF US Quality ETF 0.9 59 -24 6.1 +3.3
SCHA Schwab U.S. Small-Cap ETF 0.9 4 31 5.3 +2.5
STXV Strive 1000 Value ETF 0.9 18 17 7.5 +4.7
IBOT Vaneck Robotics ETF 0.9 47 -12 4.6 +1.8
FFND Future Fund Active ETF 0.9 100 -65 4.7 +1.8
VXF Vanguard Extended Market ETF 0.9 6 29 4.5 +1.7
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 6 5.0 +2.2
NULC Nuveen ESG Large-Cap ETF 0.9 21 14 5.0 +2.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.8 39 -4 10.2 +7.4
IJJ iShares S&P Mid-Cap 400 Value ETF 0.8 18 17 8.6 +5.8
HDV iShares Core High Dividend ETF 0.8 8 27 6.7 +3.9
YALL God Bless America ETF 0.8 65 -30 4.3 +1.5
MDYV SPDR S&P 400 Mid Cap Value ETF 0.8 15 20 8.7 +5.8
CGGO Capital Group Global Growth Equity ETF 0.8 47 -12 5.0 +2.2
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 -15 7.3 +4.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.8 15 20 8.7 +5.9
RNSC Furst Trust Small Cap US Equity Select ETF 0.8 60 -25 6.7 +3.8
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -40 5.4 +2.5
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 29 8.4 +5.6
AVUS Avantis U.S. Equity ETF 0.8 15 20 6.3 +3.5
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 -7 6.5 +3.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.8 14 21 5.2 +2.4
VO Vanguard Mid-Cap ETF 0.8 4 31 5.6 +2.8
IWR iShares Russell Midcap ETF 0.8 19 16 5.8 +2.9
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 22 3.4 +0.6
CGW Invesco S&P Global Water Index ETF 0.8 57 -22 4.8 +2.0
VYM Vanguard High Dividend Yield Index ETF 0.8 6 29 7.3 +4.5
INRO iShares U.S. Industry Rotation Active ETF 0.8 42 -7 4.1 +1.3
VAMO Cambria Value & Momentum ETF 0.7 61 -26 6.8 +4.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 -1 10.3 +7.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.7 20 15 6.8 +4.0
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.7 15 20 7.3 +4.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.7 17 18 6.0 +3.2
DURA VanEck Durable High Dividend ETF 0.7 29 6 8.5 +5.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.7 12 23 7.0 +4.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 -5 4.0 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 11 7.6 +4.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.7 15 20 4.3 +1.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 28 6.2 +3.4
DGT SPDR Global Dow ETF 0.6 50 -15 7.5 +4.7
HAP VanEck Natural Resources ETF 0.6 50 -15 10.0 +7.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 26 6.1 +3.3
FYT First Trust Small Cap Value AlphaDEX Fund 0.6 73 -38 9.9 +7.1
ITAN Sparkline Intangible Value ETF 0.6 50 -15 6.5 +3.7
LCF Touchstone US Large Cap Focused ETF 0.6 69 -34 4.6 +1.8
RSP Invesco S&P 500 Equal Weight ETF 0.6 20 15 6.3 +3.5
CBSE Clough Select Equity ETF 0.6 85 -50 1.6 -1.2
MGMT Ballast Small/Mid Cap ETF 0.6 110 -75 8.6 +5.8
PRN Invesco Dorsey Wright Industrials Momentum ETF 0.6 60 -25 3.2 +0.4
SCHM Schwab U.S. Mid-Cap ETF 0.6 4 31 6.7 +3.9
GSPY Gotham Enhanced 500 ETF 0.6 50 -15 5.5 +2.7
IJH iShares Core S&P Mid-Cap ETF 0.6 5 30 7.4 +4.6
MDY SPDR S&P Midcap 400 ETF Trust 0.6 24 11 7.2 +4.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.6 64 -29 2.4 -0.4
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -60 5.1 +2.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.6 3 32 7.4 +4.6
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 20 7.0 +4.2
DFVX Dimensional US Large Cap Vector ETF 0.6 22 13 6.6 +3.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.6 10 25 7.3 +4.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.6 12 23 6.5 +3.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.6 35 0 6.1 +3.2
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.6 40 -5 6.0 +3.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.6 15 20 4.3 +1.5
IWD iShares Russell 1000 Value ETF 0.6 19 16 6.5 +3.7
VONV Vanguard Russell 1000 Value ETF 0.6 8 27 6.6 +3.8
HLAL Wahed FTSE USA Shariah ETF 0.6 50 -15 5.2 +2.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 0 6.9 +4.1
FPX First Trust US Equity Opportunities ETF 0.5 61 -26 1.3 -1.5
SUSA iShares MSCI USA ESG Select ETF 0.5 25 10 5.0 +2.2
IUSV iShares Core S&P US Value ETF 0.5 4 31 6.5 +3.7
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 26 6.0 +3.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.5 95 -60 0.7 -2.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 31 6.1 +3.3
FPAG FPA Global Equity ETF 0.5 49 -14 6.3 +3.5
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 -34 2.6 -0.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 10 5.9 +3.1
IVE iShares S&P 500 Value ETF 0.5 18 17 6.2 +3.4
VOOV Vanguard S&P 500 Value ETF 0.5 10 25 6.3 +3.5
SIZE iShares MSCI USA Size Factor ETF 0.5 15 20 5.8 +3.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.5 4 31 6.4 +3.5
IUS Invesco RAFI Strategic US ETF 0.5 19 16 7.1 +4.2
DCOR Dimensional US Core Equity 1 ETF 0.5 14 21 5.8 +3.0
RWL Invesco S&P 500 Revenue ETF 0.5 39 -4 7.0 +4.2
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 17 6.0 +3.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 26 5.0 +2.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -35 2.8 -0.0
SUSL iShares ESG MSCI USA Leaders ETF 0.5 10 25 5.3 +2.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 25 5.3 +2.5
BLES Inspire Global Hope ETF 0.5 61 -26 6.8 +4.0
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 22 10.5 +7.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 29 4.1 +1.3
OSCV Opus Small Cap Value ETF 0.5 79 -44 6.7 +3.9
KLMN Invesco MSCI North America Climate ETF 0.5 9 26 5.3 +2.4
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 23 7.2 +4.4
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 5.5 +2.7
ROSC Hartford Multifactor Small Cap ETF 0.5 34 1 9.0 +6.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 10 7.3 +4.5
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.4 60 -25 1.2 -1.6
OPTZ Optimize Strategy Index ETF 0.4 50 -15 5.3 +2.5
EPS WisdomTree U.S. LargeCap Fund 0.4 8 27 6.1 +3.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 -10 4.9 +2.1
ILCV iShares Morningstar Value ETF 0.4 4 31 6.7 +3.9
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 -3 8.3 +5.5
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 -4 7.0 +4.2
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.4 15 20 4.7 +1.9
SMMD iShares Russell 2500 ETF 0.4 15 20 6.2 +3.4
DIVB iShares Core Dividend ETF 0.4 5 30 7.7 +4.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 10 7.4 +4.6
JGRO JPMorgan Active Growth ETF 0.4 44 -9 3.9 +1.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.4 8 27 5.3 +2.4
IWX iShares Russell Top 200 Value ETF 0.4 20 15 6.4 +3.6
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 25 5.4 +2.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 26 5.6 +2.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.4 7 28 5.2 +2.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 0 4.6 +1.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.4 32 3 5.2 +2.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 18 6.0 +3.2
USMF WisdomTree U.S. Multifactor Fund 0.3 28 7 6.7 +3.9
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 31 6.8 +4.0
MGV Vanguard Mega Cap Value ETF 0.3 7 28 6.7 +3.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 32 5.2 +2.4
IWV iShares Russell 3000 ETF 0.3 20 15 5.0 +2.2
VTHR Vanguard Russell 3000 ETF 0.3 10 25 5.2 +2.4
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 17 6.8 +4.0
DEW WisdomTree Global High Dividend Fund 0.3 58 -23 7.7 +4.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 20 6.0 +3.2
VTI Vanguard Total Stock Market ETF 0.3 3 32 5.2 +2.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 20 6.0 +3.2
DFUS Dimensional U.S. Equity ETF 0.3 9 26 5.3 +2.5
VTV Vanguard Value ETF 0.3 4 31 6.9 +4.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 24 5.4 +2.6
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 7 6.2 +3.4
DSI iShares MSCI KLD 400 Social ETF 0.3 25 10 5.2 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 25 6.1 +3.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.3 3 32 5.5 +2.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 -4 5.4 +2.6
SCHB Schwab U.S. Broad Market ETF 0.3 3 32 5.3 +2.5
FDMO Fidelity Momentum Factor ETF 0.3 15 20 4.1 +1.2
QQQ Invesco QQQ Trust Series I 0.3 20 15 4.6 +1.8
IYY iShares Dow Jones U.S. ETF 0.3 20 15 5.1 +2.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 16 6.5 +3.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 9 26 5.0 +2.2
JHML John Hancock Multifactor Large Cap ETF 0.3 29 6 5.6 +2.8
QQQM Invesco NASDAQ 100 ETF 0.3 15 20 4.6 +1.8
XVV iShares ESG Screened S&P 500 ETF 0.3 8 27 5.1 +2.3
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 18 6.9 +4.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 26 4.4 +1.6
ACVF American Conservative Values ETF 0.3 75 -40 4.5 +1.7
IWB iShares Russell 1000 ETF 0.3 15 20 5.2 +2.4
VONE Vanguard Russell 1000 ETF 0.3 8 27 5.3 +2.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 24 5.2 +2.4
SCHK Schwab 1000 Index ETF 0.3 5 30 5.3 +2.5
VOT Vanguard Mid-Cap Growth ETF 0.3 7 28 3.7 +0.9
SCHX Schwab U.S. Large-Cap ETF 0.3 3 32 5.3 +2.5
VBR Vanguard Small Cap Value ETF 0.3 7 28 8.5 +5.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 6 6.4 +3.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 15 5.0 +2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 28 5.2 +2.4
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 6 5.1 +2.3
IVV iShares Core S&P 500 ETF 0.3 3 32 5.3 +2.5
SPY SPDR S&P 500 ETF Trust 0.3 9 26 5.2 +2.4
VOO Vanguard S&P 500 ETF 0.3 3 32 5.3 +2.5
PBUS Invesco MSCI USA ETF 0.3 4 31 5.2 +2.4
SPLG SPDR Portfolio S&P 500 ETF 0.3 2 33 5.3 +2.5
CCMG CCM Global Equity ETF 0.3 34 1 8.5 +5.7
VV Vanguard Large-Cap ETF 0.3 4 31 5.2 +2.4
VOTE TCW Transform 500 ETF 0.3 5 30 5.2 +2.4
QGRO American Century U.S. Quality Growth ETF 0.3 29 6 3.8 +1.0
STRV Strive 500 ETF 0.2 5 30 5.2 +2.4
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -55 4.4 +1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 6.1 +3.3
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 32 5.2 +2.4
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 31 4.4 +1.6
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 20 5.1 +2.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 33 5.3 +2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 35 5.3 +2.5
ADME Aptus Drawdown Managed Equity ETF 0.2 79 -44 4.3 +1.5
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 -1 5.1 +2.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 23 4.8 +2.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 -14 4.9 +2.1
SFY SoFi Select 500 ETF 0.2 0 35 4.8 +2.0
ARB AltShares Merger Arbitrage ETF 0.2 77 -42 4.0 +1.2
VUG Vanguard Growth ETF 0.2 4 31 4.3 +1.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 10 7.8 +5.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 23 8.1 +5.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 5.2 +2.3
VUSE Vident U.S. Equity Strategy ETF 0.2 50 -15 4.8 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 26 5.6 +2.8
QINT American Century Quality Diversified International ETF 0.2 39 -4 7.6 +4.8
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -30 5.3 +2.4
DLN WisdomTree U.S. LargeCap Dividend Fund 0.2 28 7 5.9 +3.1
VT Vanguard Total World Stock ETF 0.2 7 28 6.3 +3.5
TOK iShares MSCI Kokusai ETF 0.2 26 9 5.2 +2.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 -7 5.4 +2.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 5.5 +2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 14 4.3 +1.5
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 12 5.8 +3.0
URTH iShares MSCI World ETF 0.2 24 11 5.5 +2.7
TAX Cambria Tax Aware ETF 0.2 49 -14 5.4 +2.6
LRGF iShares U.S. Equity Factor ETF 0.2 8 27 5.8 +3.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 23 4.5 +1.7
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 12 3.7 +0.8
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 15 5.2 +2.4
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 20 5.1 +2.3
ACWI iShares MSCI ACWI ETF 0.2 32 3 6.0 +3.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 5.3 +2.5
MGC Vanguard Mega Cap ETF 0.1 7 28 5.1 +2.3
IWL iShares Russell Top 200 ETF 0.1 15 20 5.1 +2.3
PKW Invesco Buyback Achievers ETF 0.1 62 -27 8.0 +5.1
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -14 5.9 +3.1
GINN Goldman Sachs Innovate Equity ETF 0.1 52 -17 4.4 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 20 5.8 +3.0
RVRB Reverb ETF 0.1 30 5 3.7 +0.9
BULD Pacer BlueStar Engineering the Future ETF 0.1 60 -25 2.0 -0.8
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 17 4.7 +1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -40 3.7 +0.9
ILCG iShares Morningstar Growth ETF 0.1 4 31 4.1 +1.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -40 4.2 +1.4
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -20 6.2 +3.4
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -65 4.6 +1.8
APUE ActivePassive U.S. Equity ETF 0.1 45 -10 4.9 +2.1
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 17 5.6 +2.8
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -90 6.9 +4.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.9 +3.1
REVS Columbia Research Enhanced Value ETF 0.1 19 16 7.6 +4.8
RECS Columbia Research Enhanced Core ETF 0.1 15 20 6.2 +3.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 7 5.7 +2.9
STXG Strive 1000 Growth ETF 0.0 18 17 4.2 +1.4
DHS WisdomTree U.S. High Dividend Fund 0.0 38 -3 7.8 +4.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.8 +2.0
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 4.7 +1.9
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.8 +2.0
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.9 +2.1
DGRO iShares Core Dividend Growth ETF 0.0 8 27 6.6 +3.8

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:

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 4.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 2.8 %
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.