Invesco S&P SmallCap High Dividend Low Volatility ETF
ALTAR
Score™		 13.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.0x Div.
yield		 7.4%


  • 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) $76
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 55
Wgt avg mkt cap (mns) $1,589
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 3.4 %
TWO HARBORS INVESTMENT CORP 3.1 %
ARMADA HOFFLER PROPERTIES IN 3.0 %
EASTERLY GOVERNMENT PROPERTIES INC 3.0 %
ARMOUR RESIDENTIAL REIT INC 3.0 %
BRANDYWINE REALTY TRUST 2.9 %
READY CAPITAL CORPORATION 2.9 %
DELUXE CORP 2.9 %
ARBOR REALTY TRUST INC 2.8 %
INNOVATIVE INDUSTRIAL PROPERTIES I 2.6 %
Total 29.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% -12.2% 1.6% -- -1.6%

Market Correlations
versus... Beta R-squared
S&P500 1.17 59%
MSCI EAFE 1.06 55%
MSCI Emg. Mkts. 0.69 24%

Technical Indicators
Recent close $13.70
30d moving avg. $13.28
Annualized volatility 23.3%
Short interest (ETF) 0.3%
Short interest (Underlying) 5.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 417 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™: 13.0%


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 19.2 25 5 7.4 -5.6
SMDV ProShares Russell 2000 Dividend Growers ETF 16.7 40 -10 7.3 -5.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 16.7 35 -5 9.0 -4.0
RIET Hoya Capital High Dividend Yield ETF 16.6 50 -20 48.7 +35.7
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 14.8 29 1 4.6 -8.4
KBWY Invesco KBW Premium Yield Equity REIT ETF 14.3 35 -5 8.5 -4.6
MORT VanEck Mortgage REIT Income ETF 14.3 43 -13 50.0 +37.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.0 36 -6 10.4 -2.6
REM iShares Mortgage Real Estate ETF 13.7 48 -18 62.8 +49.8
RDOG ALPS REIT Dividend Dogs ETF 12.7 35 -5 9.4 -3.6
FYT First Trust Small Cap Value AlphaDEX Fund 11.8 73 -43 10.5 -2.5
DES WisdomTree U.S. SmallCap Dividend Fund 11.8 38 -8 9.2 -3.8
PEY Invesco High Yield Equity Dividend Achievers ETF 10.3 52 -22 10.1 -2.9
PSCC Invesco S&P SmallCap Consumer Staples ETF 9.9 29 1 7.7 -5.3
IJS iShares S&P Small-Cap 600 Value ETF 9.7 18 12 9.7 -3.3
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 9.6 38 -8 9.7 -3.3
DIV Global X SuperDividend US ETF 9.6 45 -15 11.7 -1.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 9.5 35 -5 10.0 -3.1
REAI Intelligent Real Estate ETF 9.4 59 -29 14.9 +1.9
KBWD Invesco KBW High Dividend Yield Financial ETF 9.2 384 -354 13.2 +0.2
TMDV ProShares Russell US Dividend Growers ETF 9.1 35 -5 6.4 -6.6
SLYV SPDR S&P 600 Small Cap Value ETF 9.1 15 15 9.7 -3.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.0 10 20 9.7 -3.3
IFRA iShares U.S. Infrastructure ETF 8.8 30 0 6.4 -6.6
SIXS ETC 6 Meridian Small Cap Equity ETF 8.5 89 -59 9.6 -3.4
ROSC Hartford Multifactor Small Cap ETF 8.0 34 -4 9.2 -3.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.8 80 -50 7.7 -5.3
SDIV Global X Superdividend ETF 7.7 58 -28 41.3 +28.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 7.7 29 1 8.2 -4.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 7.3 15 15 7.7 -5.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 7.3 35 -5 9.3 -3.7
GRPZ Invesco S&P SmallCap 600 GARP ETF 7.2 35 -5 7.1 -5.9
IJR iShares Core S&P Small Cap ETF 7.1 6 24 7.6 -5.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 7.1 39 -9 9.6 -3.5
XJR iShares ESG Screened S&P Small-Cap ETF 6.9 12 18 7.3 -5.7
ESIX SPDR S&P SmallCap 600 ESG ETF 6.7 12 18 7.9 -5.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 6.7 3 27 7.6 -5.4
FYX First Trust Small Cap Core AlphaDEX Fund 6.7 61 -31 5.9 -7.1
VIOO Vanguard S&P Small-Cap 600 ETF 6.6 7 23 7.6 -5.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.2 12 18 7.2 -5.8
NETL NETLease Corporate Real Estate ETF 6.1 60 -30 8.3 -4.7
TPSC Timothy Plan US Small Cap Core ETF 5.9 52 -22 6.7 -6.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.8 52 -22 6.3 -6.7
EES WisdomTree U.S. SmallCap Fund 5.8 38 -8 8.6 -4.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.8 47 -17 8.9 -4.1
SYLD Cambria Shareholder Yield ETF 5.7 59 -29 11.6 -1.5
XSHQ Invesco S&P SmallCap Quality ETF 5.6 29 1 7.1 -6.0
SVAL iShares US Small Cap Value Factor ETF 5.6 20 10 10.2 -2.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 5.5 35 -5 7.7 -5.3
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 5.3 60 -30 6.7 -6.3
PSCI Invesco S&P SmallCap Industrials ETF 5.3 29 1 5.0 -8.0
PSCM Invesco S&P SmallCap Materials ETF 5.2 29 1 12.4 -0.6
AFSM First Trust Active Factor Small Cap ETF 5.2 75 -45 7.6 -5.4
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 5.2 48 -18 8.1 -4.9
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 5.2 59 -29 6.1 -6.9
SIXL ETC 6 Meridian Low Beta Equity ETF 5.2 80 -50 6.1 -6.9
AVSC Avantis U.S Small Cap Equity ETF 5.1 25 5 5.5 -7.5
HAPS Harbor Human Capital Factor US Small Cap ETF 5.0 60 -30 3.9 -9.1
WBIY WBI Power Factor High Dividend ETF 5.0 100 -70 14.7 +1.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.9 35 -5 4.0 -9.0
AVUV Avantis U.S. Small Cap Value ETF 4.9 25 5 9.7 -3.3
XSMO Invesco S&P SmallCap Momentum ETF 4.9 39 -9 5.5 -7.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 4.9 25 5 7.8 -5.2
ISMD Inspire Small/Mid Cap ETF 4.8 54 -24 5.5 -7.5
IJT iShares S&P Small-Cap 600 Growth ETF 4.7 18 12 5.4 -7.6
SRET Global X SuperDividend REIT ETF 4.5 59 -29 12.0 -1.0
WCEO Hypatia Women CEO ETF 4.5 85 -55 3.7 -9.3
SLYG SPDR S&P 600 Small Cap Growth ETF 4.5 15 15 5.5 -7.6
CALF Pacer US Small Cap Cash Cows 100 ETF 4.4 59 -29 10.7 -2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.4 10 20 5.6 -7.5
PSCF Invesco S&P SmallCap Financials ETF 4.4 29 1 9.0 -4.0
FNDA Schwab Fundamental US Small Co. Index ETF 4.3 25 5 8.2 -4.8
IWN iShares Russell 2000 Value ETF 4.3 24 6 7.3 -5.7
VTWV Vanguard Russell 2000 Value ETF 4.1 10 20 7.3 -5.7
VAMO Cambria Value & Momentum ETF 4.0 61 -31 5.8 -7.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.8 9 21 4.2 -8.8
DSMC Distillate Small/Mid Cash Flow ETF 3.8 55 -25 11.7 -1.3
CGW Invesco S&P Global Water Index ETF 3.7 57 -27 4.6 -8.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 3.7 35 -5 7.1 -5.9
FVD First Trust Value Line Dividend Index Fund 3.7 65 -35 6.2 -6.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.6 39 -9 5.3 -7.7
SQLV Royce Quant Small-Cap Quality Value ETF 3.6 60 -30 9.2 -3.8
PBJ Invesco Food & Beverage ETF 3.5 57 -27 7.0 -6.0
BLDG Cambria Global Real Estate ETF 3.5 60 -30 11.5 -1.5
SURE AdvisorShares Insiders Advantage ETF 3.5 90 -60 9.5 -3.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.4 20 10 5.5 -7.5
ECML Euclidean Fundamental Value ETF 3.2 95 -65 11.1 -1.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.2 20 10 6.2 -6.8
AFMC First Trust Active Factor Mid Cap ETF 3.2 65 -35 8.4 -4.6
RSSL Global X Russell 2000 ETF 3.0 8 22 4.4 -8.6
IWM iShares Russell 2000 ETF 3.0 19 11 4.3 -8.7
DEEP Roundhill Acquirers Deep Value ETF 3.0 80 -50 17.0 +4.0
PSC Principal U.S. Small-Cap ETF 3.0 38 -8 6.8 -6.2
BKSE BNY Mellon US Small Cap Core Equity ETF 3.0 4 26 5.9 -7.1
VTWO Vanguard Russell 2000 ETF 2.9 7 23 4.3 -8.7
AQWA Global X Clean Water ETF 2.9 50 -20 4.8 -8.2
WDIV SPDR S&P Global Dividend ETF 2.8 40 -10 9.2 -3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.8 39 -9 5.8 -7.2
ETHO Etho Climate Leadership U.S. ETF 2.8 47 -17 5.3 -7.7
ISCV iShares Morningstar Small Cap Value ETF 2.7 6 24 9.2 -3.8
FIW First Trust Water ETF 2.7 53 -23 4.6 -8.4
IRET iREIT - MarketVector Quality REIT Index ETF 2.6 60 -30 7.0 -6.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.6 15 15 7.5 -5.5
STXK Strive Small-Cap ETF 2.6 18 12 5.8 -7.2
FESM Fidelity Enhanced Small Cap ETF 2.6 28 2 7.2 -5.8
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 67 -37 9.8 -3.3
BEDZ AdvisorShares Hotel ETF 2.5 100 -70 6.6 -6.4
NURE Nuveen Short-Term REIT ETF 2.5 35 -5 8.0 -5.0
CVAR Cultivar ETF 2.5 87 -57 6.8 -6.2
CGV Conductor Global Equity Value ETF 2.5 130 -100 8.3 -4.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 2.4 60 -30 7.4 -5.6
FDLS Inspire Fidelis Multi Factor ETF 2.4 76 -46 5.1 -7.9
PHO Invesco Water Resources ETF 2.4 60 -30 4.3 -8.7
DFSV Dimensional US Small Cap Value ETF 2.3 31 -1 9.9 -3.1
DFAT Dimensional U.S. Targeted Value ETF 2.3 28 2 9.2 -3.8
SCHA Schwab U.S. Small-Cap ETF 2.3 4 26 5.9 -7.1
EFRA iShares Environmental Infrastructure and Industrials ETF 2.2 47 -17 5.1 -7.9
FDM First Trust Dow Jones Select MicroCap Index Fund 2.2 60 -30 7.4 -5.6
DFAS Dimensional U.S. Small Cap ETF 2.1 26 4 6.3 -6.7
GDIV Harbor Dividend Growth Leaders ETF 2.1 50 -20 5.2 -7.8
XME SPDR S&P Metals & Mining ETF 2.1 35 -5 7.3 -5.7
PSCH Invesco S&P SmallCap Health Care ETF 2.1 29 1 4.4 -8.6
XHS SPDR S&P Health Care Services ETF 2.1 35 -5 3.1 -9.9
PPTY US Diversified Real Estate ETF 2.1 53 -23 7.9 -5.1
XES SPDR S&P Oil & Gas Equipment & Services ETF 2.0 35 -5 3.4 -9.7
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.0 60 -30 6.1 -6.9
HOMZ Hoya Capital Housing ETF 2.0 30 0 9.3 -3.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 -9 3.4 -9.7
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 -9 9.7 -3.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.9 17 13 5.7 -7.3
VBR Vanguard Small Cap Value ETF 1.8 7 23 9.1 -4.0
AZTD Aztlan Global Stock Selection DM SMID ETF 1.8 75 -45 7.4 -5.6
FUTY Fidelity MSCI Utilities Index ETF 1.8 8 22 5.3 -7.8
VFMF Vanguard U.S. Multifactor ETF 1.8 18 12 7.9 -5.1
PSCE Invesco S&P SmallCap Energy ETF 1.8 29 1 11.3 -1.7
IWO iShares Russell 2000 Growth ETF 1.8 24 6 1.3 -11.7
FSMD Fidelity Small-Mid Multifactor ETF 1.8 15 15 7.0 -6.0
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.8 56 -26 6.1 -6.9
VTWG Vanguard Russell 2000 Growth ETF 1.7 10 20 1.4 -11.6
TOKE Cambria Cannabis ETF 1.7 42 -12 1.0 -12.0
ISCB iShares Morningstar Small-Cap ETF 1.7 4 26 6.2 -6.8
XTL SPDR S&P Telecom ETF 1.7 35 -5 2.1 -10.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.7 24 6 7.7 -5.4
NUSC Nuveen ESG Small-Cap ETF 1.7 31 -1 5.3 -7.7
CUT Invesco MSCI Global Timber ETF 1.7 61 -31 10.3 -2.7
CNRG SPDR S&P Kensho Clean Power ETF 1.7 45 -15 1.0 -12.0
FRNW Fidelity Clean Energy ETF 1.6 39 -9 3.3 -9.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 -29 5.0 -8.0
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.6 55 -25 5.8 -7.2
ACES ALPS Clean Energy ETF 1.6 55 -25 -3.5 -16.5
FXU First Trust Utilities AlphaDEX Fund 1.6 64 -34 5.4 -7.6
RNRG Global X Renewable Energy Producers ETF 1.6 66 -36 5.5 -7.5
TAN Invesco Solar ETF 1.6 67 -37 6.9 -6.1
SMCF Themes US Small Cap Cash Flow Champions ETF 1.6 29 1 11.9 -1.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.6 39 -9 11.0 -2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.6 70 -40 2.8 -10.2
SMLF iShares U.S. SmallCap Equity Factor ETF 1.6 15 15 5.9 -7.2
FTRI First Trust Indxx Global Natural Resources Income ETF 1.6 70 -40 7.6 -5.4
DESK VanEck Office and Commercial REIT ETF 1.6 50 -20 13.4 +0.4
VPU Vanguard Utilities ETF 1.5 9 21 5.3 -7.8
TPYP Tortoise North American Pipeline Fund 1.5 40 -10 5.7 -7.4
RNMC First Trust Mid Cap US Equity Select ETF 1.5 60 -30 6.4 -6.6
IWC iShares Micro-Cap ETF 1.5 60 -30 -0.8 -13.8
MOO VanEck Agribusiness ETF 1.4 53 -23 10.3 -2.7
UDI USCF Dividend Income Fund 1.4 65 -35 8.1 -4.9
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.4 58 -28 -2.3 -15.3
GVLU Gotham 1000 Value ETF 1.4 50 -20 8.9 -4.2
VFVA Vanguard U.S. Value Factor ETF 1.4 13 17 10.8 -2.2
IEZ iShares U.S. Oil Equipment & Services ETF 1.4 40 -10 5.0 -8.0
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.4 8 22 5.8 -7.2
CVY Invesco Zacks Multi-Asset Income ETF 1.3 106 -76 12.2 -0.8
ABLD Abacus FCF Real Assets Leaders ETF 1.3 69 -39 6.7 -6.3
FDHT Fidelity Digital Health ETF 1.3 39 -9 0.9 -12.1
VDC Vanguard Consumer Staples ETF 1.3 9 21 5.8 -7.2
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 -9 8.6 -4.5
VB Vanguard Small-Cap ETF 1.3 5 25 6.1 -6.9
FYC First Trust Small Cap Growth AlphaDEX Fund 1.2 71 -41 0.5 -12.6
VXF Vanguard Extended Market ETF 1.2 5 25 4.7 -8.4
BFOR ALPS Barron's 400 ETF 1.2 65 -35 5.9 -7.1
ICLN iShares Global Clean Energy ETF 1.2 41 -11 5.2 -7.8
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.2 55 -25 9.9 -3.1
VFQY Vanguard U.S. Quality Factor ETF 1.2 13 17 6.3 -6.7
JSML Janus Henderson Small Cap Growth Alpha ETF 1.1 30 0 7.8 -5.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.1 79 -49 4.5 -8.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.1 49 -19 4.7 -8.3
PRNT 3D Printing ETF 1.1 66 -36 1.3 -11.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 1.1 29 1 9.8 -3.2
TTAC FCF US Quality ETF 1.1 59 -29 6.2 -6.8
DEW WisdomTree Global High Dividend Fund 1.1 58 -28 8.4 -4.6
XRT SPDR S&P Retail ETF 1.1 35 -5 8.4 -4.6
DON WisdomTree U.S. MidCap Dividend Fund 1.1 38 -8 8.7 -4.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.1 7 23 6.0 -7.0
PXJ Invesco Oil & Gas Services ETF 1.1 63 -33 4.9 -8.2
RNIN Bushido Capital US SMID Cap Equity ETF 1.1 70 -40 10.3 -2.8
FAN First Trust Global Wind Energy ETF 1.0 60 -30 4.5 -8.5
VRAI Virtus Real Asset Income ETF 1.0 55 -25 10.1 -2.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 1.0 11 19 7.9 -5.1
QDEF FlexShares Quality Dividend Defensive Index Fund 1.0 37 -7 6.0 -7.0
NIXT Research Affiliates Deletions ETF 1.0 9 21 8.7 -4.3
FOVL iShares Focused Value Factor ETF 1.0 25 5 10.7 -2.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.0 61 -31 6.4 -6.6
EIPX FT Energy Income Partners Strategy ETF 1.0 95 -65 7.5 -5.5
EINC VanEck Energy Income ETF 1.0 48 -18 5.2 -7.8
MLPX Global X MLP & Energy Infrastructure ETF 1.0 45 -15 5.5 -7.5
PXI Invesco Dorsey Wright Energy Momentum ETF 1.0 60 -30 7.1 -5.9
USAI Pacer American Energy Independence ETF 1.0 75 -45 4.4 -8.6
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.0 55 -25 4.6 -8.4
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.0 59 -29 4.3 -8.7
GLRY Inspire Faithward Mid Cap Momentum ETF 1.0 80 -50 6.1 -6.9
WOOD iShares Global Timber & Forestry ETF 1.0 42 -12 12.0 -1.0
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 -12 6.6 -6.4
DHS WisdomTree U.S. High Dividend Fund 1.0 38 -8 8.0 -5.0
BOTT Themes Robotics & Automation ETF 0.9 35 -5 4.1 -8.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.9 60 -30 2.0 -11.0
QDF FlexShares Quality Dividend Index Fund 0.9 37 -7 6.2 -6.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.9 60 -30 7.3 -5.7
HKND Humankind US Stock ETF 0.9 11 19 7.1 -5.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.9 49 -19 11.2 -1.8
EZM WisdomTree U.S. MidCap Fund 0.9 38 -8 9.0 -4.0
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.9 60 -30 5.3 -7.7
OSCV Opus Small Cap Value ETF 0.9 79 -49 6.4 -6.6
LST Leuthold Select Industries ETF 0.8 91 -61 5.1 -7.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 10 2.5 -10.5
OIH VanEck Oil Services ETF 0.8 35 -5 4.8 -8.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 5 5.6 -7.4
SLX VanEck Steel ETF 0.8 56 -26 15.0 +2.0
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 -19 6.4 -6.6
IVEG iShares Emergent Food and AgTech Multisector ETF 0.8 47 -17 9.2 -3.8
COWS Amplify Cash Flow Dividend Leaders ETF 0.8 0 30 11.8 -1.2
DXUV Dimensional US Vector Equity ETF 0.8 28 2 6.2 -6.8
FMAT Fidelity MSCI Materials Index ETF 0.8 8 22 6.0 -7.0
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 17 3.0 -10.0
HLGE Hartford Longevity Economy ETF 0.8 44 -14 -0.4 -13.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -26 10.7 -2.3
IPDP Dividend Performers ETF 0.8 122 -92 5.1 -7.9
SDY SPDR S&P Dividend ETF 0.8 35 -5 6.6 -6.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -15 7.8 -5.2
ICAP InfraCap Equity Income Fund ETF 0.7 171 -141 6.2 -6.8
CGDG Capital Group Dividend Growers ETF 0.7 47 -17 6.3 -6.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 24 2.9 -10.1
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 8 5.6 -7.4
ZAP Global X U.S. Electrification ETF 0.7 50 -20 4.1 -8.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.7 64 -34 2.2 -10.8
RWR SPDR Dow Jones REIT ETF 0.7 25 5 7.6 -5.4
USRT iShares Core U.S. REIT ETF 0.7 8 22 7.9 -5.2
RNSC Furst Trust Small Cap US Equity Select ETF 0.7 60 -30 5.8 -7.2
FSCS First Trust SMID Capital Strength ETF 0.7 60 -30 7.0 -6.0
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.7 60 -30 5.9 -7.1
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.7 70 -40 4.5 -8.5
VAW Vanguard Materials ETF 0.7 9 21 6.0 -7.0
FTXG First Trust Nasdaq Food & Beverage ETF 0.7 60 -30 7.4 -5.6
ACTV LeaderShares Activist Leaders ETF 0.7 75 -45 5.5 -7.5
FRI First Trust S&P REIT Index Fund 0.7 50 -20 7.4 -5.6
FCOM Fidelity MSCI Communication Services Index ETF 0.7 8 22 4.5 -8.5
LQPE PEO AlphaQuest Thematic PE ETF 0.7 125 -95 5.3 -7.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 29 1 6.4 -6.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -16 9.9 -3.1
RITA ETFB Green SRI REITs ETF 0.6 50 -20 5.9 -7.1
PAVE Global X U.S. Infrastructure Development ETF 0.6 47 -17 5.2 -7.8
FREL Fidelity MSCI Real Estate Index ETF 0.6 8 22 7.5 -5.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.6 30 0 6.6 -6.4
EBI Longview Advantage ETF 0.6 35 -5 6.5 -6.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 6 8.1 -4.9
NANR SPDR S&P North American Natural Resources ETF 0.6 35 -5 7.9 -5.1
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 18 8.1 -4.9
DFAR Dimensional US Real Estate ETF 0.6 19 11 8.1 -4.9
VNQ Vanguard Real Estate ETF 0.6 13 17 7.4 -5.6
IHF iShares U.S. Healthcare Providers ETF 0.6 40 -10 8.6 -4.4
DTD WisdomTree U.S. Total Dividend Fund 0.6 28 2 6.3 -6.8
SEIQ SEI Enhanced U.S. Large Cap Quality Factor ETF 0.5 15 15 7.5 -5.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -16 5.6 -7.4
EMLP First Trust North American Energy Infrastructure Fund 0.5 95 -65 5.2 -7.8
VBK Vanguard Small-Cap Growth ETF 0.5 7 23 1.9 -11.1
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.5 25 5 11.1 -1.9
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 -29 4.3 -8.7
EIPI FT Energy Income Partners Enhanced Income ETF 0.5 110 -80 6.3 -6.7
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 10 -4.2 -17.2
SCHH Schwab U.S. REIT ETF 0.5 7 23 8.1 -5.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -40 10.8 -2.2
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 18 7.4 -5.6
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -20 7.0 -6.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.5 27 3 7.0 -6.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 10 6.8 -6.3
SFYX SoFi Next 500 ETF 0.5 0 30 5.7 -7.3
FTXN First Trust Nasdaq Oil & Gas ETF 0.5 60 -30 12.1 -0.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 3 8.7 -4.3
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -59 4.8 -8.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.4 20 10 9.4 -3.6
OPTZ Optimize Strategy Index ETF 0.4 50 -20 4.6 -8.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.4 30 0 8.2 -4.8
HART IQ Healthy Hearts ETF 0.4 45 -15 6.6 -6.4
HWAY Themes US Infrastructure ETF 0.4 29 1 6.0 -7.0
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -35 5.4 -7.6
VOX Vanguard Communication Services ETF 0.4 9 21 4.6 -8.4
DFGR Dimensional Global Real Estate ETF 0.4 22 8 7.4 -5.6
DVY iShares Select Dividend ETF 0.4 38 -8 9.0 -4.0
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.4 38 -8 6.2 -6.8
REET iShares Global REIT ETF 0.4 14 16 7.4 -5.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 13 5.5 -7.5
IDU iShares U.S. Utilities ETF 0.4 40 -10 4.7 -8.3
ERET iShares Environmentally Aware Real Estate ETF 0.4 30 0 7.3 -5.7
DFUV Dimensional US Marketwide Value ETF 0.4 22 8 7.5 -5.6
AVUS Avantis U.S. Equity ETF 0.4 15 15 5.7 -7.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 5 7.2 -5.8
IGE iShares North American Natural Resources ETF 0.4 41 -11 7.5 -5.6
VYM Vanguard High Dividend Yield Index ETF 0.4 6 24 7.0 -6.0
HDUS Hartford Disciplined US Equity ETF 0.4 19 11 5.7 -7.3
AVRE Avantis Real Estate ETF 0.3 17 13 7.1 -5.9
DCOR Dimensional US Core Equity 1 ETF 0.3 14 16 5.3 -7.7
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 5 7.3 -5.7
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 22 4.4 -8.6
MADE iShares U.S. Manufacturing ETF 0.3 40 -10 5.1 -7.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 -20 5.5 -7.5
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 7 5.7 -7.3
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 12 5.3 -7.7
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 15 6.0 -7.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 15 6.0 -7.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 10 7.6 -5.4
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 17 5.7 -7.3
FENY Fidelity MSCI Energy Index ETF 0.3 8 22 8.9 -4.1
VDE Vanguard Energy ETF 0.3 9 21 8.8 -4.2
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 13 7.0 -6.0
SCHD Schwab US Dividend Equity ETF 0.3 6 24 9.6 -3.4
PKW Invesco Buyback Achievers ETF 0.3 62 -32 7.1 -5.9
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 26 6.6 -6.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.3 43 -13 6.1 -6.9
OCEN IQ Clean Oceans ETF 0.2 45 -15 6.0 -7.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 -17 5.8 -7.2
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 10 8.6 -4.4
JAVA JPMorgan Active Value ETF 0.2 44 -14 6.4 -6.6
ROUS Hartford Multifactor US Equity ETF 0.2 19 11 7.0 -6.0
VIS Vanguard Industrials ETF 0.2 9 21 4.5 -8.5
SMMD iShares Russell 2500 ETF 0.2 15 15 6.1 -6.9
GNR SPDR S&P Global Natural Resources ETF 0.2 40 -10 11.0 -2.0
VEGN US Vegan Climate ETF 0.2 60 -30 4.5 -8.5
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -15 6.1 -6.9
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 -9 6.8 -6.3
DFAU Dimensional US Core Equity Market ETF 0.2 12 18 5.0 -8.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -9 12.7 -0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 26 6.1 -6.9
FDWM Fidelity Women's Leadership ETF 0.2 59 -29 4.8 -8.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 12 7.7 -5.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 15 5.3 -7.7
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 25 7.9 -5.1
TXS Texas Capital Texas Equity Index ETF 0.2 49 -19 5.6 -7.4
AFLG First Trust Active Factor Large Cap ETF 0.2 55 -25 6.3 -6.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 27 4.9 -8.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 27 5.1 -7.9
VALQ American Century U.S. Quality Value ETF 0.2 29 1 7.7 -5.3
IWS iShares Russell Mid-Cap Value ETF 0.1 23 7 6.7 -6.3
IWV iShares Russell 3000 ETF 0.1 20 10 4.7 -8.3
PFM Invesco Dividend Achievers ETF 0.1 53 -23 5.3 -7.7
VTI Vanguard Total Stock Market ETF 0.1 3 27 4.9 -8.2
VTHR Vanguard Russell 3000 ETF 0.1 7 23 4.8 -8.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 5.0 -8.0
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -32 3.7 -9.3
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -70 4.6 -8.4
ITB iShares U.S. Home Construction ETF 0.1 40 -10 10.5 -2.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 10 6.9 -6.1
DFUS Dimensional U.S. Equity ETF 0.1 9 21 4.8 -8.2
LRGF iShares U.S. Equity Factor ETF 0.1 8 22 5.4 -7.6
REZ iShares Residential and Multisector Real Estate ETF 0.1 48 -18 6.4 -6.6
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 15 7.7 -5.3
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -12 6.3 -6.7
REVS Columbia Research Enhanced Value ETF 0.1 19 11 7.5 -5.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 9 3.7 -9.3
IWR iShares Russell Midcap ETF 0.1 19 11 5.7 -7.3
DGRO iShares Core Dividend Growth ETF 0.1 8 22 6.5 -6.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 21 4.7 -8.3
STXM Strive Mid-Cap ETF 0.1 18 12 6.1 -6.9
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -15 10.4 -2.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 -5 1.0 -12.0
IYJ iShares U.S. Industrials ETF 0.1 40 -10 4.6 -8.4
FNCL Fidelity MSCI Financials Index ETF 0.1 8 22 6.3 -6.7
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 12 6.8 -6.2
VIG Vanguard Dividend Appreciation ETF 0.1 5 25 5.6 -7.4
DIVB iShares Core Dividend ETF 0.1 5 25 8.0 -5.0
VFH Vanguard Financials ETF 0.1 9 21 6.3 -6.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 18 4.5 -8.5
VCR Vanguard Consumer Discretionary ETF 0.1 9 21 4.3 -8.7
VT Vanguard Total World Stock ETF 0.1 6 24 5.9 -7.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 11 6.3 -6.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 22 4.4 -8.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 5 7.2 -5.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 18 6.5 -6.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 18 4.5 -8.5
STXV Strive 1000 Value ETF 0.1 18 12 8.0 -5.1
VHT Vanguard Health Care ETF 0.1 9 21 6.2 -6.8
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -17 7.4 -5.7
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 22 6.4 -6.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 18 5.8 -7.2
DSI iShares MSCI KLD 400 Social ETF 0.1 25 5 4.8 -8.2
RECS Columbia Research Enhanced Core ETF 0.1 15 15 5.6 -7.4
CCMG CCM Global Equity ETF 0.1 34 -4 8.4 -4.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 2 5.4 -7.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 21 5.7 -7.3
IWD iShares Russell 1000 Value ETF 0.0 19 11 6.4 -6.6
VONV Vanguard Russell 1000 Value ETF 0.0 7 23 6.5 -6.5
IGPT Invesco AI and Next Gen Software ETF 0.0 60 -30 4.3 -8.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 15 4.6 -8.4
PTL Inspire 500 ETF 0.0 9 21 5.2 -7.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 15 4.9 -8.1
IEDI iShares U.S. Consumer Focused ETF 0.0 18 12 5.3 -7.7
IUS Invesco RAFI Strategic US ETF 0.0 19 11 6.9 -6.1
VONE Vanguard Russell 1000 ETF 0.0 7 23 4.9 -8.1
IWB iShares Russell 1000 ETF 0.0 15 15 4.8 -8.2
IYY iShares Dow Jones U.S. ETF 0.0 20 10 4.8 -8.2
STXD Strive 1000 Dividend Growth ETF 0.0 35 -5 4.8 -8.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 19 4.9 -8.1
AVUQ Avantis U.S. Quality ETF 0.0 15 15 4.4 -8.6
SCHK Schwab 1000 Index ETF 0.0 5 25 5.0 -8.1
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 26 6.7 -6.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 10 5.0 -8.0
ACVF American Conservative Values ETF 0.0 75 -45 4.3 -8.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 27 4.9 -8.1
STXG Strive 1000 Growth ETF 0.0 18 12 3.8 -9.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 18 4.5 -8.5

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

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RESULTS & ESTIMATES

  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 13.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 13.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.75 CATEGORY
AVERAGE		 1.59
 
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.