Invesco S&P SmallCap High Dividend Low Volatility ETF
ALTAR
Score™		 17.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.9x P/Sales
ratio		 1.1x
P/BV
ratio		 0.8x Div.
yield		 8.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P SmallCap High Dividend Low Volatility ETF tracks a dividend-yield-weighted index of the 60 least volatile stocks chosen from a list of the 90 highest-yielding US small-cap stocks.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 01, 2016
Assets (mns) $69
Currency USD
Expense ratio 30 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $1,411
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 31.9%
Small cap (<$2bn) 68.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GLOBAL NET LEASE INC 3.6 %
INNOVATIVE INDUSTRIAL PROPERTIES I 3.2 %
ARMADA HOFFLER PROPERTIES IN 3.0 %
EASTERLY GOVERNMENT PROPERTIES INC 3.0 %
BRANDYWINE REALTY TRUST 2.9 %
TWO HARBORS INVESTMENT CORP 2.9 %
ARBOR REALTY TRUST INC 2.9 %
DELUXE CORP 2.9 %
ARMOUR RESIDENTIAL REIT INC 2.8 %
READY CAPITAL CORPORATION 2.6 %
Total 29.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% -8.0% 1.5% -- -1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.04 45%
MSCI EAFE 0.83 38%
MSCI Emg. Mkts. 0.62 24%

Technical Indicators
Recent close $12.74
30d moving avg. $13.05
Annualized volatility 20.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.5%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 43
Turnover 0.8%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 412 potential alternatives to the Invesco S&P SmallCap High Dividend Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with XSHD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSHD Expense: 30 bp ALTAR Score™: 17.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSHD
Ticker Fund
Name		 Overlap1
vs XSHD
(%)		 Expense
ratio
(bp)		 Savings
vs XSHD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XSHD
(%)
XSLV Invesco S&P SmallCap Low Volatility ETF 20.5 25 5 9.1 -8.3
REM iShares Mortgage Real Estate ETF 17.3 48 -18 65.1 +47.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 17.1 35 -5 9.5 -7.9
RIET Hoya Capital High Dividend Yield ETF 16.7 50 -20 53.0 +35.6
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 15.4 29 1 4.5 -12.9
MORT VanEck Mortgage REIT Income ETF 14.9 43 -13 51.0 +33.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.7 36 -6 11.1 -6.3
SMDV ProShares Russell 2000 Dividend Growers ETF 14.1 40 -10 8.0 -9.5
KBWY Invesco KBW Premium Yield Equity REIT ETF 13.2 35 -5 7.3 -10.1
RDOG ALPS REIT Dividend Dogs ETF 12.3 35 -5 10.6 -6.9
FYT First Trust Small Cap Value AlphaDEX Fund 11.5 73 -43 12.1 -5.3
PEY Invesco High Yield Equity Dividend Achievers ETF 11.2 52 -22 10.3 -7.1
DES WisdomTree U.S. SmallCap Dividend Fund 11.1 38 -8 9.5 -7.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 9.8 35 -5 10.4 -7.1
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 9.6 38 -8 10.2 -7.3
DIV Global X SuperDividend US ETF 9.5 45 -15 10.8 -6.6
IJS iShares S&P Small-Cap 600 Value ETF 9.4 18 12 10.0 -7.5
IFRA iShares U.S. Infrastructure ETF 9.3 30 0 6.4 -11.0
ROSC Hartford Multifactor Small Cap ETF 8.9 34 -4 9.3 -8.1
KBWD Invesco KBW High Dividend Yield Financial ETF 8.8 384 -354 14.0 -3.4
PSCC Invesco S&P SmallCap Consumer Staples ETF 8.7 29 1 9.0 -8.4
SLYV State Street SPDR S&P 600 Small Cap Value ETF 8.5 15 15 10.0 -7.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.5 10 20 9.9 -7.5
TMDV ProShares Russell US Dividend Growers ETF 8.4 35 -5 7.1 -10.3
SDIV Global X Superdividend ETF 8.0 58 -28 42.0 +24.6
SIXS ETC 6 Meridian Small Cap Equity ETF 7.9 89 -59 9.8 -7.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 7.4 29 1 8.4 -9.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 7.4 39 -9 10.0 -7.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 7.2 35 -5 9.9 -7.5
GRPZ Invesco S&P SmallCap 600 GARP ETF 7.0 35 -5 7.6 -9.8
XJR iShares ESG Screened S&P Small-Cap ETF 7.0 12 18 7.7 -9.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 6.9 15 15 7.8 -9.6
IJR iShares Core S&P Small Cap ETF 6.8 6 24 7.7 -9.7
NETL NETLease Corporate Real Estate ETF 6.7 60 -30 8.6 -8.8
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 6.7 12 18 8.3 -9.1
FYX First Trust Small Cap Core AlphaDEX Fund 6.4 61 -31 5.9 -11.5
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 6.2 3 27 7.8 -9.6
DSMC Distillate Small/Mid Cash Flow ETF 6.2 55 -25 12.9 -4.5
VIOO Vanguard S&P Small-Cap 600 ETF 6.1 7 23 7.7 -9.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 6.0 12 18 7.6 -9.8
EES WisdomTree U.S. SmallCap Fund 5.8 38 -8 8.9 -8.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.8 80 -50 8.2 -9.2
PSCM Invesco S&P SmallCap Materials ETF 5.7 29 1 12.9 -4.5
SVAL iShares US Small Cap Value Factor ETF 5.7 20 10 9.2 -8.2
TPSC Timothy Plan US Small Cap Core ETF 5.7 52 -22 7.2 -10.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.6 52 -22 6.3 -11.1
XSHQ Invesco S&P SmallCap Quality ETF 5.4 29 1 7.8 -9.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 5.4 35 -5 7.6 -9.8
PSCI Invesco S&P SmallCap Industrials ETF 5.3 29 1 5.7 -11.7
ICAP InfraCap Equity Income Fund ETF 5.2 171 -141 4.8 -12.6
AVUV Avantis U.S. Small Cap Value ETF 5.1 25 5 10.1 -7.3
SIXL ETC 6 Meridian Low Beta Equity ETF 5.1 80 -50 6.3 -11.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.0 47 -17 9.4 -8.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 4.9 25 5 8.0 -9.4
AVSC Avantis U.S Small Cap Equity ETF 4.9 25 5 5.4 -12.0
SYLD Cambria Shareholder Yield ETF 4.8 59 -29 12.8 -4.6
IRET iREIT - MarketVector Quality REIT Index ETF 4.6 60 -30 7.2 -10.2
HAPS Harbor Human Capital Factor US Small Cap ETF 4.6 60 -30 3.9 -13.5
ISMD Inspire Small/Mid Cap ETF 4.6 54 -24 5.6 -11.8
SRET Global X SuperDividend REIT ETF 4.5 59 -29 12.2 -5.2
PSCF Invesco S&P SmallCap Financials ETF 4.5 29 1 10.0 -7.5
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 4.5 59 -29 9.9 -7.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.5 35 -5 3.8 -13.6
FNDA Schwab Fundamental US Small Co. Index ETF 4.4 25 5 9.0 -8.4
XSMO Invesco S&P SmallCap Momentum ETF 4.2 39 -9 4.5 -12.9
IJT iShares S&P Small-Cap 600 Growth ETF 4.2 18 12 5.6 -11.8
WCEO Hypatia Women CEO ETF 4.1 85 -55 3.1 -14.3
IWN iShares Russell 2000 Value ETF 4.0 24 6 7.8 -9.6
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 4.0 15 15 5.6 -11.8
SQLV Royce Quant Small-Cap Quality Value ETF 4.0 60 -30 9.6 -7.8
VTWV Vanguard Russell 2000 Value ETF 3.9 10 20 7.9 -9.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.9 10 20 5.7 -11.8
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 3.8 59 -29 6.5 -10.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.7 9 21 4.0 -13.4
AFSM First Trust Active Factor Small Cap ETF 3.7 75 -45 7.6 -9.9
CGW Invesco S&P Global Water Index ETF 3.6 57 -27 4.7 -12.8
SURE AdvisorShares Insiders Advantage ETF 3.4 90 -60 9.9 -7.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.4 20 10 5.6 -11.8
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 3.4 60 -30 6.6 -10.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.3 39 -9 4.4 -13.0
CALF Pacer US Small Cap Cash Cows 100 ETF 3.1 59 -29 10.7 -6.8
CGV Conductor Global Equity Value ETF 3.1 130 -100 8.0 -9.4
ECML Euclidean Fundamental Value ETF 3.1 95 -65 10.9 -6.5
WDIV SPDR S&P Global Dividend ETF 3.0 40 -10 8.9 -8.5
PBJ Invesco Food & Beverage ETF 3.0 57 -27 8.8 -8.6
DEEP Roundhill Acquirers Deep Value ETF 3.0 80 -50 19.1 +1.7
FVD First Trust Value Line Dividend Index Fund 2.9 65 -35 6.3 -11.1
PSC Principal U.S. Small-Cap ETF 2.9 38 -8 7.0 -10.4
AQWA Global X Clean Water ETF 2.9 50 -20 5.0 -12.4
BKSE BNY Mellon US Small Cap Core Equity ETF 2.8 4 26 5.9 -11.5
WBIY WBI Power Factor High Dividend ETF 2.8 100 -70 14.0 -3.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.7 20 10 6.2 -11.2
VAMO Cambria Value & Momentum ETF 2.7 61 -31 6.5 -10.9
IWM iShares Russell 2000 ETF 2.7 19 11 4.2 -13.2
FAB First Trust Multi Cap Value AlphaDEX Fund 2.7 67 -37 10.2 -7.2
RSSL Global X Russell 2000 ETF 2.7 8 22 4.2 -13.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.6 39 -9 5.8 -11.6
FXU First Trust Utilities AlphaDEX Fund 2.6 64 -34 5.5 -11.9
ISCV iShares Morningstar Small Cap Value ETF 2.6 6 24 9.5 -8.0
VTWO Vanguard Russell 2000 ETF 2.6 7 23 4.3 -13.1
ETHO Etho Climate Leadership U.S. ETF 2.6 47 -17 5.6 -11.8
FESM Fidelity Enhanced Small Cap ETF 2.6 28 2 6.9 -10.5
FDLS Inspire Fidelis Multi Factor ETF 2.5 76 -46 4.7 -12.7
BEDZ AdvisorShares Hotel ETF 2.5 100 -70 7.3 -10.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 2.5 35 -5 7.2 -10.3
FIW First Trust Water ETF 2.5 53 -23 5.0 -12.5
DFSV Dimensional US Small Cap Value ETF 2.3 31 -1 10.6 -6.8
XHS State Street SPDR S&P Health Care Services ETF 2.3 35 -5 4.2 -13.2
STXK Strive Small-Cap ETF 2.3 18 12 6.1 -11.3
SCHA Schwab U.S. Small-Cap ETF 2.3 4 26 6.4 -11.1
CVAR Cultivar ETF 2.3 87 -57 7.1 -10.3
DFAT Dimensional U.S. Targeted Value ETF 2.3 28 2 10.2 -7.2
NURE Nuveen Short-Term REIT ETF 2.3 35 -5 8.6 -8.8
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 2.3 48 -18 9.0 -8.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 2.2 60 -30 7.1 -10.3
PPTY US Diversified Real Estate ETF 2.2 53 -23 8.4 -9.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.2 15 15 7.9 -9.5
PSCH Invesco S&P SmallCap Health Care ETF 2.1 29 1 4.0 -13.5
XES State Street SPDR S&P Oil & Gas Equipment & Services ETF 2.1 35 -5 2.1 -15.4
XTL State Street SPDR S&P Telecom ETF 2.1 35 -5 1.6 -15.8
BLDG Cambria Global Real Estate ETF 2.1 60 -30 11.6 -5.9
EFRA iShares Environmental Infrastructure and Industrials ETF 2.0 47 -17 5.3 -12.1
DFAS Dimensional U.S. Small Cap ETF 2.0 26 4 6.8 -10.6
VFMF Vanguard U.S. Multifactor ETF 2.0 18 12 7.9 -9.5
CUT Invesco MSCI Global Timber ETF 2.0 61 -31 11.2 -6.2
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.0 56 -26 6.3 -11.1
FTXG First Trust Nasdaq Food & Beverage ETF 1.9 60 -30 8.4 -9.0
QVAL Alpha Architect US Quantitative Value ETF 1.9 39 -9 9.8 -7.6
PHO Invesco Water Resources ETF 1.9 60 -30 4.8 -12.6
XME State Street SPDR S&P Metals & Mining ETF 1.9 35 -5 7.0 -10.4
HOMZ Hoya Capital Housing ETF 1.9 30 0 9.8 -7.6
AFMC First Trust Active Factor Mid Cap ETF 1.9 65 -35 8.4 -9.0
PSCE Invesco S&P SmallCap Energy ETF 1.8 29 1 9.7 -7.7
TOKE Cambria Cannabis ETF 1.8 42 -12 2.2 -15.2
FSMD Fidelity Small-Mid Multifactor ETF 1.8 15 15 7.0 -10.4
GDIV Harbor Dividend Growth Leaders ETF 1.8 50 -20 5.3 -12.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.8 17 13 6.0 -11.4
VBR Vanguard Small Cap Value ETF 1.7 7 23 9.2 -8.2
FUTY Fidelity MSCI Utilities Index ETF 1.7 8 22 5.0 -12.4
DGLO First Trust RBA Deglobalization ETF 1.7 70 -40 6.8 -10.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 -9 9.2 -8.2
TPYP Tortoise North American Pipeline Fund 1.7 40 -10 6.1 -11.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.6 24 6 7.6 -9.8
FDHT Fidelity Digital Health ETF 1.6 39 -9 1.5 -15.9
ISCB iShares Morningstar Small-Cap ETF 1.6 4 26 6.3 -11.1
FRNW Fidelity Clean Energy ETF 1.6 39 -9 2.1 -15.3
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 -29 3.9 -13.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.6 55 -25 6.6 -10.8
TAN Invesco Solar ETF 1.6 67 -37 5.5 -11.9
ACES ALPS Clean Energy ETF 1.6 55 -25 -2.5 -19.9
FAN First Trust Global Wind Energy ETF 1.6 60 -30 4.0 -13.5
RNRG Global X Renewable Energy Producers ETF 1.6 66 -36 5.1 -12.3
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.6 45 -15 1.4 -16.0
NUSC Nuveen ESG Small-Cap ETF 1.6 31 -1 5.3 -12.1
VPU Vanguard Utilities ETF 1.6 9 21 5.0 -12.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 -40 7.8 -9.6
CVY Invesco Zacks Multi-Asset Income ETF 1.5 106 -76 11.9 -5.5
IEZ iShares U.S. Oil Equipment & Services ETF 1.5 40 -10 4.0 -13.4
IWO iShares Russell 2000 Growth ETF 1.4 24 6 0.8 -16.6
SMLF iShares U.S. SmallCap Equity Factor ETF 1.4 15 15 6.0 -11.4
FDM First Trust Dow Jones Select MicroCap Index Fund 1.4 60 -30 8.6 -8.8
VFVA Vanguard U.S. Value Factor ETF 1.4 13 17 11.0 -6.4
VTWG Vanguard Russell 2000 Growth ETF 1.4 10 20 1.0 -16.4
SMCF Themes US Small Cap Cash Flow Champions ETF 1.4 29 1 11.9 -5.5
MOO VanEck Agribusiness ETF 1.3 53 -23 11.0 -6.4
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.3 55 -25 10.4 -7.0
DESK VanEck Office and Commercial REIT ETF 1.3 50 -20 17.3 -0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 1.3 70 -40 11.1 -6.3
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 22 6.2 -11.2
ICLN iShares Global Clean Energy ETF 1.3 41 -11 3.0 -14.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.2 58 -28 -1.9 -19.3
IWC iShares Micro-Cap ETF 1.2 60 -30 -1.6 -19.0
PRNT 3D Printing ETF 1.2 66 -36 1.8 -15.6
VB Vanguard Small-Cap ETF 1.2 5 25 6.2 -11.2
VXF Vanguard Extended Market ETF 1.2 5 25 4.7 -12.7
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -9 9.2 -8.2
QDEF FlexShares Quality Dividend Defensive Index Fund 1.1 37 -7 6.2 -11.2
OPTZ Optimize Strategy Index ETF 1.1 50 -20 4.8 -12.6
VDC Vanguard Consumer Staples ETF 1.1 9 21 6.2 -11.2
GVLU Gotham 1000 Value ETF 1.1 50 -20 9.1 -8.3
PXJ Invesco Oil & Gas Services ETF 1.1 63 -33 3.8 -13.6
TTAC FCF US Quality ETF 1.1 59 -29 6.0 -11.4
RNMC First Trust Mid Cap US Equity Select ETF 1.1 60 -30 7.1 -10.3
DON WisdomTree U.S. MidCap Dividend Fund 1.1 38 -8 9.3 -8.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 1.1 29 1 10.4 -7.0
GLRY Inspire Faithward Mid Cap Momentum ETF 1.1 80 -50 6.1 -11.3
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.1 60 -30 5.6 -11.8
WOOD iShares Global Timber & Forestry ETF 1.1 42 -12 13.2 -4.2
OIH VanEck Oil Services ETF 1.1 35 -5 3.6 -13.9
XRT State Street SPDR S&P Retail ETF 1.0 35 -5 9.0 -8.4
DEW WisdomTree Global High Dividend Fund 1.0 58 -28 8.4 -9.1
PXI Invesco Dorsey Wright Energy Momentum ETF 1.0 60 -30 6.7 -10.7
EIPX FT Energy Income Partners Strategy ETF 1.0 95 -65 8.3 -9.1
EINC VanEck Energy Income ETF 1.0 48 -18 5.9 -11.5
MLPX Global X MLP & Energy Infrastructure ETF 1.0 45 -15 6.1 -11.3
USAI Pacer American Energy Independence ETF 1.0 75 -45 5.0 -12.4
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.0 55 -25 4.3 -13.1
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.0 59 -29 4.6 -12.8
NIXT Research Affiliates Deletions ETF 1.0 9 21 8.4 -9.0
LQPE PEO AlphaQuest Thematic PE ETF 1.0 125 -95 6.9 -10.6
UDI USCF Dividend Income Fund 1.0 65 -35 8.4 -9.0
VFQY Vanguard U.S. Quality Factor ETF 1.0 13 17 6.2 -11.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.0 61 -31 7.1 -10.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.0 49 -19 11.1 -6.3
FNX First Trust Mid Cap Core AlphaDEX Fund 1.0 60 -30 7.0 -10.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.0 49 -19 4.8 -12.6
YOKE Yoke Core ETF 1.0 42 -12 5.0 -12.4
DHS WisdomTree U.S. High Dividend Fund 1.0 38 -8 8.3 -9.1
SMOT VanEck Morningstar SMID Moat ETF 1.0 49 -19 6.9 -10.5
COWS Amplify Cash Flow Dividend Leaders ETF 1.0 0 30 12.4 -5.0
QDF FlexShares Quality Dividend Index Fund 1.0 37 -7 6.3 -11.1
QLV FlexShares US Quality Low Volatility Index Fund 1.0 22 8 5.8 -11.6
JSML Janus Henderson Small Cap Growth Alpha ETF 0.9 30 0 8.2 -9.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 23 5.9 -11.5
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 -12 6.8 -10.6
HKND Humankind US Stock ETF 0.9 11 19 7.3 -10.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.9 11 19 8.1 -9.4
VRAI Virtus Real Asset Income ETF 0.9 55 -25 10.7 -6.7
SLX VanEck Steel ETF 0.9 56 -26 14.0 -3.4
BFOR ALPS Barron's 400 ETF 0.9 65 -35 6.0 -11.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.9 20 10 2.8 -14.6
HLGE Hartford Longevity Economy ETF 0.9 44 -14 6.2 -11.2
EZM WisdomTree U.S. MidCap Fund 0.9 38 -8 8.9 -8.6
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.8 60 -30 4.6 -12.8
RNIN Bushido Capital US SMID Cap Equity ETF 0.8 70 -40 12.8 -4.6
OSCV Opus Small Cap Value ETF 0.8 79 -49 7.3 -10.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 5 5.6 -11.9
VAW Vanguard Materials ETF 0.8 9 21 6.5 -10.9
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 17 3.0 -14.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -26 10.5 -6.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -16 9.6 -7.8
DXUV Dimensional US Vector Equity ETF 0.7 28 2 6.2 -11.2
ZAP Global X U.S. Electrification ETF 0.7 50 -20 3.7 -13.7
CGDG Capital Group Dividend Growers ETF 0.7 47 -17 6.1 -11.3
FMAT Fidelity MSCI Materials Index ETF 0.7 8 22 6.5 -10.9
NANR SPDR S&P North American Natural Resources ETF 0.7 35 -5 8.2 -9.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 6 8.3 -9.1
USRT iShares Core U.S. REIT ETF 0.7 8 22 8.0 -9.4
EBI Longview Advantage ETF 0.7 35 -5 6.7 -10.7
RWR State Street SPDR Dow Jones REIT ETF 0.7 25 5 7.7 -9.7
PAVE Global X U.S. Infrastructure Development ETF 0.7 47 -17 5.2 -12.3
ACTV LeaderShares Activist Leaders ETF 0.7 75 -45 5.6 -11.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 29 1 6.5 -10.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 24 3.0 -14.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 -15 8.0 -9.4
SDY State Street SPDR S&P Dividend ETF 0.6 35 -5 6.9 -10.5
FRI First Trust S&P REIT Index Fund 0.6 50 -20 7.6 -9.8
IHF iShares U.S. Healthcare Providers ETF 0.6 40 -10 8.0 -9.4
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 18 8.0 -9.4
VNQ Vanguard Real Estate ETF 0.6 13 17 7.6 -9.8
FREL Fidelity MSCI Real Estate Index ETF 0.6 8 22 7.8 -9.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.6 30 0 6.9 -10.5
DFAR Dimensional US Real Estate ETF 0.6 19 11 8.3 -9.1
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -65 5.9 -11.5
EIPI FT Energy Income Partners Enhanced Income ETF 0.6 110 -80 7.1 -10.3
FCOM Fidelity MSCI Communication Services Index ETF 0.6 8 22 4.8 -12.6
FSST Fidelity Sustainable U.S. Equity ETF 0.6 59 -29 4.3 -13.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 10 7.2 -10.2
RNSC Furst Trust Small Cap US Equity Select ETF 0.5 60 -30 5.2 -12.2
FSCS First Trust SMID Capital Strength ETF 0.5 60 -30 7.2 -10.2
FSGS First Trust SMID Growth Strength ETF 0.5 60 -30 5.2 -12.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.5 60 -30 6.5 -10.9
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.5 70 -40 4.9 -12.5
SCHH Schwab U.S. REIT ETF 0.5 7 23 8.3 -9.1
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -20 7.0 -10.4
FTXN First Trust Nasdaq Oil & Gas ETF 0.5 60 -30 12.3 -5.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.5 12 18 7.5 -10.0
DTD WisdomTree U.S. Total Dividend Fund 0.5 28 2 6.4 -11.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -16 5.7 -11.7
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -41 -1.6 -19.0
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.5 20 10 10.3 -7.1
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.5 38 -8 6.5 -10.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.5 27 3 7.3 -10.1
SFYX SoFi Next 500 ETF 0.4 0 30 6.0 -11.4
IDU iShares U.S. Utilities ETF 0.4 40 -10 4.6 -12.8
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.4 25 5 12.5 -4.9
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -59 5.1 -12.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -40 2.2 -15.2
VBK Vanguard Small-Cap Growth ETF 0.4 7 23 1.8 -15.6
DFGR Dimensional Global Real Estate ETF 0.4 22 8 7.7 -9.7
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.4 79 -49 6.2 -11.2
VOX Vanguard Communication Services ETF 0.4 9 21 4.9 -12.5
IGE iShares North American Natural Resources ETF 0.4 41 -11 7.6 -9.8
HWAY Themes US Infrastructure ETF 0.4 29 1 6.1 -11.3
ERET iShares Environmentally Aware Real Estate ETF 0.4 30 0 7.3 -10.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 5 7.4 -10.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 -20 5.6 -11.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 10 -4.7 -22.1
REET iShares Global REIT ETF 0.4 14 16 7.5 -9.9
SEIQ SEI Enhanced U.S. Large Cap Quality Factor ETF 0.4 15 15 8.2 -9.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 13 5.6 -11.9
FILL iShares MSCI Global Energy Producers ETF 0.4 39 -9 11.3 -6.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.4 30 0 8.2 -9.2
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 5 7.3 -10.1
DFUV Dimensional US Marketwide Value ETF 0.3 22 8 7.5 -9.9
AVUS Avantis U.S. Equity ETF 0.3 15 15 5.7 -11.7
VYM Vanguard High Dividend Yield Index ETF 0.3 6 24 7.1 -10.3
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 7 5.9 -11.5
RITA ETFB Green SRI REITs ETF 0.3 50 -20 5.7 -11.7
HART IQ Healthy Hearts ETF 0.3 45 -15 6.4 -11.0
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 10 8.3 -9.2
DVY iShares Select Dividend ETF 0.3 38 -8 9.2 -8.2
PKW Invesco Buyback Achievers ETF 0.3 62 -32 8.2 -9.2
AVRE Avantis Real Estate ETF 0.3 17 13 7.3 -10.1
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 22 4.5 -12.9
DCOR Dimensional US Core Equity 1 ETF 0.3 14 16 5.4 -12.0
FENY Fidelity MSCI Energy Index ETF 0.3 8 22 9.1 -8.3
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 17 5.9 -11.5
SAGP Strategas Global Policy Opportunities ETF 0.3 65 -35 5.5 -11.9
VDE Vanguard Energy ETF 0.3 9 21 9.0 -8.4
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 15 5.9 -11.5
GNR SPDR S&P Global Natural Resources ETF 0.3 40 -10 10.5 -6.9
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 12 5.3 -12.1
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 13 6.9 -10.5
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.3 43 -13 6.2 -11.2
HDUS Hartford Disciplined US Equity ETF 0.2 19 11 5.7 -11.7
FPWR First Trust EIP Power Solutions ETF 0.2 96 -66 4.2 -13.2
OCEN IQ Clean Oceans ETF 0.2 45 -15 5.1 -12.3
JAVA JPMorgan Active Value ETF 0.2 44 -14 6.4 -11.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -34 1.1 -16.3
SMMD iShares Russell 2500 ETF 0.2 15 15 7.0 -10.5
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 10 9.1 -8.3
MADE iShares U.S. Manufacturing ETF 0.2 40 -10 4.8 -12.6
SCHD Schwab US Dividend Equity ETF 0.2 6 24 10.2 -7.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.2 15 15 6.2 -11.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 -17 5.7 -11.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 15 5.4 -12.0
VIS Vanguard Industrials ETF 0.2 9 21 4.5 -12.9
SXQG ETC 6 Meridian Quality Growth ETF 0.2 100 -70 4.9 -12.5
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 -9 6.8 -10.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -9 11.1 -6.3
DFAU Dimensional US Core Equity Market ETF 0.2 12 18 5.0 -12.4
FDWM Fidelity Women's Leadership ETF 0.2 59 -29 4.9 -12.5
ROUS Hartford Multifactor US Equity ETF 0.2 19 11 7.0 -10.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 12 7.9 -9.5
IWS iShares Russell Mid-Cap Value ETF 0.2 23 7 7.2 -10.2
TXS Texas Capital Texas Equity Index ETF 0.2 49 -19 6.0 -11.4
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 10 6.8 -10.6
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 25 8.2 -9.2
TEXN iShares Texas Equity ETF 0.2 20 10 6.1 -11.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 27 4.9 -12.5
VEGN US Vegan Climate ETF 0.1 60 -30 4.5 -12.9
ITB iShares U.S. Home Construction ETF 0.1 40 -10 12.1 -5.3
PFM Invesco Dividend Achievers ETF 0.1 53 -23 5.4 -12.0
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 27 5.1 -12.3
IWV iShares Russell 3000 ETF 0.1 20 10 4.7 -12.7
REVS Columbia Research Enhanced Value ETF 0.1 19 11 7.9 -9.5
VTHR Vanguard Russell 3000 ETF 0.1 7 23 4.9 -12.6
VTI Vanguard Total Stock Market ETF 0.1 3 27 4.9 -12.6
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 5.0 -12.4
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -32 3.3 -14.1
DFUS Dimensional U.S. Equity ETF 0.1 9 21 4.8 -12.6
IWR iShares Russell Midcap ETF 0.1 19 11 6.3 -11.1
DGRO iShares Core Dividend Growth ETF 0.1 8 22 6.7 -10.7
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 26 7.1 -10.3
REZ iShares Residential and Multisector Real Estate ETF 0.1 48 -18 6.4 -11.0
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -15 10.9 -6.5
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -25 6.4 -11.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 26 6.1 -11.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 9 3.7 -13.7
IYJ iShares U.S. Industrials ETF 0.1 40 -10 4.8 -12.6
DIVB iShares Core Dividend ETF 0.1 5 25 8.4 -9.1
VALQ American Century U.S. Quality Value ETF 0.1 29 1 8.0 -9.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 22 4.4 -13.0
FNCL Fidelity MSCI Financials Index ETF 0.1 8 22 6.7 -10.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 12 6.9 -10.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 21 4.8 -12.7
VIG Vanguard Dividend Appreciation ETF 0.1 5 25 5.6 -11.8
VFH Vanguard Financials ETF 0.1 9 21 6.7 -10.7
VCR Vanguard Consumer Discretionary ETF 0.1 9 21 4.7 -12.7
STXV Strive 1000 Value ETF 0.1 18 12 8.3 -9.1
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 18 6.0 -11.4
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 15 7.9 -9.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -12 6.3 -11.1
STXM Strive Mid-Cap ETF 0.1 18 12 6.5 -10.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 18 4.0 -13.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 -5 1.2 -16.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 5 7.3 -10.1
RECS Columbia Research Enhanced Core ETF 0.1 15 15 5.8 -11.6
VT Vanguard Total World Stock ETF 0.1 6 24 5.7 -11.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 18 4.6 -12.8
CCMG CCM Global Equity ETF 0.1 34 -4 8.2 -9.2
VHT Vanguard Health Care ETF 0.1 9 21 5.8 -11.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 11 6.4 -11.0
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 22 6.0 -11.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 18 6.6 -10.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 21 5.5 -11.9
DSI iShares MSCI KLD 400 Social ETF 0.1 25 5 4.8 -12.6
IWD iShares Russell 1000 Value ETF 0.1 19 11 6.5 -10.9
VONV Vanguard Russell 1000 Value ETF 0.1 7 23 6.6 -10.8
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -30 4.2 -13.2
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -17 7.6 -9.8
HDV iShares Core High Dividend ETF 0.0 8 22 7.2 -10.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 15 4.6 -12.9
DAK Dakota Active Equity ETF 0.0 43 -13 4.5 -13.0
IUS Invesco RAFI Strategic US ETF 0.0 19 11 6.8 -10.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 2 5.6 -11.8
PTL Inspire 500 ETF 0.0 9 21 5.4 -12.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 15 4.9 -12.6
IWB iShares Russell 1000 ETF 0.0 15 15 4.8 -12.6
VONE Vanguard Russell 1000 ETF 0.0 7 23 4.9 -12.5
IEDI iShares U.S. Consumer Focused ETF 0.0 18 12 5.8 -11.6
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -19 5.7 -11.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 19 4.9 -12.5
AVUQ Avantis U.S. Quality ETF 0.0 15 15 4.4 -13.0
STXD Strive 1000 Dividend Growth ETF 0.0 35 -5 5.0 -12.4
IYY iShares Dow Jones U.S. ETF 0.0 20 10 4.8 -12.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 10 5.0 -12.4
SCHK Schwab 1000 Index ETF 0.0 5 25 5.0 -12.4
RAUS RACWI US ETF 0.0 15 15 4.8 -12.6
ACVF American Conservative Values ETF 0.0 75 -45 4.3 -13.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 18 4.6 -12.8

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:		 Invesco S&P SmallCap High Dividend Low Volatility 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 13.6 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 17.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.79 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.