Invesco S&P SmallCap High Dividend Low Volatility ETF
ALTAR
Score™		 13.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.3x P/Sales
ratio		 1.1x
P/BV
ratio		 1.0x Div.
yield		 6.7%


  • 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) $75
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 57
Wgt avg mkt cap (mns) $1,388
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 87.8 %
IRELAND 1.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.6% 8.6% -4.7% -- -0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.60 23%
MSCI EAFE 0.53 29%
MSCI Emg. Mkts. 0.28 15%

Technical Indicators
Recent close $14.28
30d moving avg. $13.57
Annualized volatility 20.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.6%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 391 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™: 13.1%


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
(%)
SIXS ETC 6 Meridian Small Cap Equity ETF 16.9 89 -59 7.4 -5.7
RIET Hoya Capital High Dividend Yield ETF 15.9 50 -20 13.4 +0.3
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 15.4 29 1 3.6 -9.5
RDOG ALPS REIT Dividend Dogs ETF 15.3 35 -5 11.4 -1.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.7 36 -6 8.0 -5.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 14.1 35 -5 8.7 -4.4
SMDV ProShares Russell 2000 Dividend Growers ETF 14.0 40 -10 6.5 -6.5
MORT VanEck Mortgage REIT Income ETF 13.0 43 -13 18.8 +5.7
REM iShares Mortgage Real Estate ETF 12.5 48 -18 19.6 +6.5
KBWY Invesco KBW Premium Yield Equity REIT ETF 12.2 35 -5 8.1 -5.0
DIV Global X SuperDividend US ETF 12.1 45 -15 9.6 -3.5
KBWD Invesco KBW High Dividend Yield Financial ETF 11.5 384 -354 17.3 +4.3
PEY Invesco High Yield Equity Dividend Achievers ETF 11.2 52 -22 8.5 -4.6
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 11.0 38 -8 8.7 -4.4
FYT First Trust Small Cap Value AlphaDEX Fund 10.1 73 -43 9.3 -3.7
SDIV Global X Superdividend ETF 9.9 58 -28 13.8 +0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 9.8 35 -5 6.7 -6.3
DES WisdomTree U.S. SmallCap Dividend Fund 9.6 38 -8 7.8 -5.3
ROSC Hartford Multifactor Small Cap ETF 9.2 34 -4 6.8 -6.3
PSCC Invesco S&P SmallCap Consumer Staples ETF 8.7 29 1 7.6 -5.5
TMDV ProShares Russell US Dividend Growers ETF 8.7 35 -5 6.0 -7.1
SIXL ETC 6 Meridian Low Beta Equity ETF 7.6 80 -50 5.7 -7.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 7.4 39 -9 7.1 -6.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.3 80 -50 6.7 -6.4
VRAI Virtus Real Asset Income ETF 7.3 55 -25 8.4 -4.7
GRPZ Invesco S&P SmallCap 600 GARP ETF 7.0 35 -5 5.7 -7.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 6.9 25 5 7.4 -5.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 6.9 15 15 5.9 -7.2
SLYV State Street SPDR S&P 600 Small Cap Value ETF 6.8 15 15 8.7 -4.4
NETL NETLease Corporate Real Estate ETF 6.7 60 -30 7.2 -5.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 6.7 10 20 8.7 -4.4
IJS iShares S&P Small-Cap 600 Value ETF 6.6 18 12 8.6 -4.5
HAPS Harbor Human Capital Factor US Small Cap ETF 6.6 60 -30 3.1 -10.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 6.3 29 1 6.2 -6.9
FYX First Trust Small Cap Core AlphaDEX Fund 6.2 61 -31 5.0 -8.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 6.2 35 -5 5.7 -7.4
CSA VictoryShares US Small Cap Volatility Wtd ETF 6.1 35 -5 6.6 -6.5
PSCM Invesco S&P SmallCap Materials ETF 5.7 29 1 9.7 -3.4
XSHQ Invesco S&P SmallCap Quality ETF 5.4 29 1 6.6 -6.5
XJR iShares ESG Screened S&P Small-Cap ETF 5.4 12 18 5.8 -7.3
PSCI Invesco S&P SmallCap Industrials ETF 5.3 29 1 4.3 -8.8
ISMD Inspire Small/Mid Cap ETF 5.1 54 -24 4.7 -8.4
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 5.1 3 27 6.1 -7.0
VIOO Vanguard S&P Small-Cap 600 ETF 5.0 7 23 5.9 -7.2
SVAL iShares US Small Cap Value Factor ETF 4.9 20 10 7.0 -6.1
IJR iShares Core S&P Small Cap ETF 4.9 6 24 6.0 -7.1
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 4.8 12 18 3.2 -9.9
SRET Global X SuperDividend REIT ETF 4.8 59 -29 12.3 -0.8
TPSC Timothy Plan US Small Cap Core ETF 4.6 52 -22 6.3 -6.8
EES WisdomTree U.S. SmallCap Fund 4.6 38 -8 7.5 -5.6
PSCF Invesco S&P SmallCap Financials ETF 4.5 29 1 8.0 -5.1
DEEP Roundhill Acquirers Deep Value ETF 4.5 80 -50 14.8 +1.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.5 35 -5 2.7 -10.3
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 4.3 15 15 6.1 -6.9
XSMO Invesco S&P SmallCap Momentum ETF 4.2 39 -9 3.4 -9.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.2 47 -17 7.4 -5.7
FNDA Schwab Fundamental US Small Co. Index ETF 4.1 25 5 5.8 -7.3
DSMC Distillate Small/Mid Cash Flow ETF 4.1 55 -25 10.6 -2.5
BLDG Cambria Global Real Estate ETF 4.0 60 -30 10.7 -2.4
JPSV JPMorgan Active Small Cap Value ETF 3.9 74 -44 7.0 -6.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.9 56 -26 10.0 -3.1
AVUV Avantis U.S. Small Cap Value ETF 3.8 25 5 7.8 -5.3
TCV Towle Value ETF 3.8 85 -55 9.2 -3.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.6 9 21 3.5 -9.6
AVSC Avantis U.S Small Cap Equity ETF 3.6 25 5 4.4 -8.7
CGW Invesco S&P Global Water Index ETF 3.6 57 -27 4.4 -8.7
WCEO Hypatia Women CEO ETF 3.5 85 -55 4.4 -8.7
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 3.4 60 -30 5.4 -7.7
WDIV SPDR S&P Global Dividend ETF 3.4 40 -10 9.1 -4.0
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 3.3 15 15 3.4 -9.6
VTWV Vanguard Russell 2000 Value ETF 3.3 10 20 4.7 -8.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.3 39 -9 2.1 -11.0
IWN iShares Russell 2000 Value ETF 3.3 24 6 4.5 -8.5
IJT iShares S&P Small-Cap 600 Growth ETF 3.2 18 12 3.4 -9.7
REAI Intelligent Real Estate ETF 3.2 59 -29 5.6 -7.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.2 10 20 3.4 -9.7
WBIY WBI Power Factor High Dividend ETF 3.1 100 -70 12.0 -1.0
AQWA Global X Clean Water ETF 3.1 50 -20 4.9 -8.2
PBJ Invesco Food & Beverage ETF 3.0 57 -27 7.9 -5.2
AFSM First Trust Active Factor Small Cap ETF 3.0 75 -45 5.4 -7.7
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 2.7 59 -29 8.1 -5.0
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.7 56 -26 6.7 -6.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 2.7 35 -5 6.2 -6.9
FESM Fidelity Enhanced Small Cap ETF 2.7 28 2 2.1 -11.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.6 39 -9 3.4 -9.7
FXU First Trust Utilities AlphaDEX Fund 2.6 64 -34 5.1 -7.9
SURE AdvisorShares Insiders Advantage ETF 2.6 90 -60 7.4 -5.7
ETHO Etho Climate Leadership U.S. ETF 2.6 47 -17 4.0 -9.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 2.6 20 10 3.8 -9.3
BEDZ AdvisorShares Hotel ETF 2.5 100 -70 4.9 -8.2
NURE Nuveen Short-Term REIT ETF 2.5 35 -5 6.6 -6.5
FIW First Trust Water ETF 2.5 53 -23 4.9 -8.1
CVAR Cultivar ETF 2.4 87 -57 7.0 -6.1
PPTY US Diversified Real Estate ETF 2.3 53 -23 7.1 -6.0
RSSL Global X Russell 2000 ETF 2.3 8 22 2.6 -10.5
SYLD Cambria Shareholder Yield ETF 2.3 59 -29 10.2 -2.9
IWM iShares Russell 2000 ETF 2.2 19 11 2.5 -10.6
SQLV Royce Quant Small-Cap Quality Value ETF 2.2 60 -30 7.4 -5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 2.2 67 -37 8.4 -4.7
DFSV Dimensional US Small Cap Value ETF 2.1 31 -1 8.6 -4.5
PSCH Invesco S&P SmallCap Health Care ETF 2.1 29 1 2.0 -11.1
ARB AltShares Merger Arbitrage ETF 2.1 77 -47 2.7 -10.4
XES State Street SPDR S&P Oil & Gas Equipment & Services ETF 2.1 35 -5 1.4 -11.7
EMLP First Trust North American Energy Infrastructure Fund 2.1 95 -65 4.6 -8.5
ISCV iShares Morningstar Small Cap Value ETF 2.1 6 24 7.5 -5.6
FVD First Trust Value Line Dividend Index Fund 2.0 65 -35 5.6 -7.5
CCNR ALPS CoreCommodity Natural Resources ETF 2.0 39 -9 8.7 -4.4
EFRA iShares Environmental Infrastructure and Industrials ETF 2.0 47 -17 4.9 -8.2
VTWO Vanguard Russell 2000 ETF 2.0 7 23 2.6 -10.5
TBLU Tortoise Global Water ESG ETF 2.0 40 -10 4.4 -8.7
AFMC First Trust Active Factor Mid Cap ETF 2.0 65 -35 6.9 -6.2
CUT Invesco MSCI Global Timber ETF 2.0 61 -31 8.3 -4.8
FTXG First Trust Nasdaq Food & Beverage ETF 1.9 60 -30 7.4 -5.7
ZIG Acquirers Fund 1.9 84 -54 20.9 +7.9
PHO Invesco Water Resources ETF 1.9 60 -30 4.9 -8.2
BKSE BNY Mellon US Small Cap Core Equity ETF 1.9 4 26 5.0 -8.1
HOMZ Hoya Capital Housing ETF 1.9 30 0 9.6 -3.5
FPWR First Trust EIP Power Solutions ETF 1.9 96 -66 4.3 -8.7
FYC First Trust Small Cap Growth AlphaDEX Fund 1.9 71 -41 -0.6 -13.7
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.9 20 10 5.5 -7.6
SCHA Schwab U.S. Small-Cap ETF 1.9 4 26 4.2 -8.9
XME State Street SPDR S&P Metals & Mining ETF 1.9 35 -5 5.8 -7.3
EIPX FT Energy Income Partners Strategy ETF 1.9 95 -65 6.0 -7.1
PSCE Invesco S&P SmallCap Energy ETF 1.8 29 1 7.6 -5.5
CALF Pacer US Small Cap Cash Cows 100 ETF 1.7 59 -29 8.7 -4.4
STXK Strive Small-Cap ETF 1.7 18 12 5.0 -8.1
VPU Vanguard Utilities ETF 1.7 9 21 4.8 -8.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.7 49 -19 7.6 -5.5
DFAT Dimensional U.S. Targeted Value ETF 1.7 28 2 8.4 -4.7
PSC Principal U.S. Small-Cap ETF 1.7 38 -8 3.5 -9.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.7 59 -29 4.0 -9.0
VFVA Vanguard U.S. Value Factor ETF 1.6 13 17 9.1 -4.0
FUTY Fidelity MSCI Utilities Index ETF 1.6 8 22 4.8 -8.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.6 60 -30 5.7 -7.4
TAN Invesco Solar ETF 1.6 67 -37 4.4 -8.7
FRNW Fidelity Clean Energy ETF 1.6 39 -9 1.9 -11.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 -29 2.5 -10.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.6 55 -25 4.8 -8.2
ACES ALPS Clean Energy ETF 1.6 55 -25 -2.7 -15.8
FAN First Trust Global Wind Energy ETF 1.6 60 -30 2.8 -10.3
RNRG Global X Renewable Energy Producers ETF 1.6 66 -36 4.6 -8.5
ICLN iShares Global Clean Energy ETF 1.6 41 -11 1.8 -11.2
SMCF Themes US Small Cap Cash Flow Champions ETF 1.6 29 1 9.6 -3.5
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.6 45 -15 -0.0 -13.1
DIVY Sound Equity Dividend Income ETF 1.6 45 -15 7.8 -5.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.6 17 13 4.7 -8.4
TPYP Tortoise North American Pipeline Fund 1.6 40 -10 5.0 -8.1
DFAS Dimensional U.S. Small Cap ETF 1.6 26 4 5.3 -7.7
DESK VanEck Office and Commercial REIT ETF 1.5 50 -20 12.7 -0.4
VFMV Vanguard U.S. Minimum Volatility ETF 1.5 13 17 5.7 -7.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 -40 7.0 -6.1
BYRE Principal Real Estate Active Opportunities ETF 1.5 65 -35 6.9 -6.2
CVY Invesco Zacks Multi-Asset Income ETF 1.5 106 -76 9.9 -3.2
FDHT Fidelity Digital Health ETF 1.5 39 -9 1.7 -11.3
FDM First Trust Dow Jones Select MicroCap Index Fund 1.4 60 -30 6.6 -6.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 6 5.8 -7.3
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 -12 5.8 -7.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.4 58 -28 -1.8 -14.9
ECML Euclidean Fundamental Value ETF 1.4 95 -65 8.7 -4.4
XRT State Street SPDR S&P Retail ETF 1.4 35 -5 7.3 -5.8
ABLD Abacus FCF Real Assets Leaders ETF 1.4 69 -39 6.8 -6.2
VBR Vanguard Small Cap Value ETF 1.4 7 23 7.6 -5.5
NUSC Nuveen ESG Small-Cap ETF 1.4 31 -1 4.8 -8.3
RNMC First Trust Mid Cap US Equity Select ETF 1.4 60 -30 6.6 -6.5
FSCS First Trust SMID Capital Strength ETF 1.4 60 -30 6.8 -6.2
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.4 49 -19 4.5 -8.6
JSML Janus Henderson Small Cap Growth Alpha ETF 1.4 30 0 2.5 -10.6
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 1.3 48 -18 7.8 -5.3
XTL State Street SPDR S&P Telecom ETF 1.3 35 -5 1.7 -11.4
IEZ iShares U.S. Oil Equipment & Services ETF 1.3 40 -10 3.1 -10.0
ISCB iShares Morningstar Small-Cap ETF 1.3 4 26 5.2 -7.9
IWO iShares Russell 2000 Growth ETF 1.3 24 6 0.5 -12.6
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 22 5.5 -7.6
DHS WisdomTree U.S. High Dividend Fund 1.3 38 -8 8.0 -5.1
EIPI FT Energy Income Partners Enhanced Income ETF 1.2 110 -80 5.5 -7.6
SMLF iShares U.S. SmallCap Equity Factor ETF 1.2 15 15 4.7 -8.4
VDC Vanguard Consumer Staples ETF 1.2 9 21 5.5 -7.6
VFMF Vanguard U.S. Multifactor ETF 1.2 18 12 6.4 -6.7
PRNT 3D Printing ETF 1.2 66 -36 1.2 -11.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.2 30 0 3.5 -9.5
PXJ Invesco Oil & Gas Services ETF 1.1 63 -33 3.1 -10.0
CGV Conductor Global Equity Value ETF 1.1 130 -100 7.8 -5.3
TTAC FCF US Quality ETF 1.1 59 -29 5.7 -7.4
SMMD iShares Russell 2500 ETF 1.1 15 15 5.3 -7.8
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 1.1 29 1 8.0 -5.0
RNIN Bushido Capital US SMID Cap Equity ETF 1.1 70 -40 10.3 -2.8
VTWG Vanguard Russell 2000 Growth ETF 1.1 10 20 0.6 -12.5
VXF Vanguard Extended Market ETF 1.1 5 25 3.6 -9.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.1 60 -30 4.2 -8.9
BRF VanEck Brazil Small-Cap ETF 1.1 66 -36 11.7 -1.4
WOOD iShares Global Timber & Forestry ETF 1.1 42 -12 11.7 -1.4
NDIV Amplify Natural Resources Dividend Income ETF 1.1 59 -29 12.2 -0.9
BOUT Innovator IBD Breakout Opportunities ETF 1.1 81 -51 2.8 -10.3
PXI Invesco Dorsey Wright Energy Momentum ETF 1.0 60 -30 5.7 -7.4
EINC VanEck Energy Income ETF 1.0 48 -18 4.4 -8.7
MLPX Global X MLP & Energy Infrastructure ETF 1.0 45 -15 4.3 -8.8
USAI Pacer American Energy Independence ETF 1.0 75 -45 3.6 -9.5
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.0 55 -25 3.0 -10.1
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.0 59 -29 3.0 -10.1
MOO VanEck Agribusiness ETF 1.0 53 -23 9.0 -4.1
DGLO First Trust RBA Deglobalization ETF 1.0 70 -40 5.3 -7.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.0 52 -22 5.0 -8.0
IWC iShares Micro-Cap ETF 1.0 60 -30 -1.3 -14.4
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 1.0 11 19 6.8 -6.3
FSMD Fidelity Small-Mid Multifactor ETF 1.0 15 15 6.3 -6.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.0 79 -49 3.9 -9.1
VB Vanguard Small-Cap ETF 0.9 5 25 5.0 -8.1
BFOR ALPS Barron's 400 ETF 0.9 65 -35 20.8 +7.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.9 20 10 0.8 -12.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.9 55 -25 8.6 -4.5
PAVE Global X U.S. Infrastructure Development ETF 0.9 47 -17 4.1 -8.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.8 35 -5 0.9 -12.1
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.8 60 -30 4.3 -8.8
DBSC Deepwater Beachfront Small Cap ETF 0.8 85 -55 1.2 -11.9
VAMO Cambria Value & Momentum ETF 0.8 61 -31 5.3 -7.8
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 -9 7.7 -5.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.8 24 6 7.0 -6.1
OIH VanEck Oil Services ETF 0.8 35 -5 2.9 -10.1
WSML iShares MSCI World Small-Cap ETF 0.8 15 15 5.2 -7.9
IFRA iShares U.S. Infrastructure ETF 0.8 30 0 5.4 -7.7
USRT iShares Core U.S. REIT ETF 0.8 8 22 6.7 -6.4
RWR State Street SPDR Dow Jones REIT ETF 0.8 25 5 6.4 -6.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.8 61 -31 5.7 -7.4
MGMT Ballast Small/Mid Cap ETF 0.8 110 -80 7.3 -5.8
XHS State Street SPDR S&P Health Care Services ETF 0.7 35 -5 3.1 -10.0
DEW WisdomTree Global High Dividend Fund 0.7 58 -28 7.2 -5.9
ZAP Global X U.S. Electrification ETF 0.7 50 -20 3.3 -9.8
EBI Longview Advantage ETF 0.7 35 -5 5.9 -7.2
FRI First Trust S&P REIT Index Fund 0.7 50 -20 6.2 -6.8
VFQY Vanguard U.S. Quality Factor ETF 0.7 13 17 5.3 -7.7
GQRE FlexShares Global Quality Real Estate Index Fund 0.7 45 -15 7.2 -5.9
SMOX Horizon Small/Mid Cap Core Equity ETF 0.6 75 -45 5.1 -7.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -40 2.0 -11.1
DFAR Dimensional US Real Estate ETF 0.6 19 11 7.0 -6.1
VNQ Vanguard Real Estate ETF 0.6 13 17 6.6 -6.5
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -35 4.7 -8.4
DXUV Dimensional US Vector Equity ETF 0.6 28 2 5.2 -7.9
BLOK Amplify Transformational Data Sharing ETF 0.6 75 -45 -0.1 -13.2
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 18 6.6 -6.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 -30 6.0 -7.1
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 8 5.0 -8.1
EZM WisdomTree U.S. MidCap Fund 0.6 38 -8 7.8 -5.3
SDY State Street SPDR S&P Dividend ETF 0.6 35 -5 5.9 -7.2
IDU iShares U.S. Utilities ETF 0.6 40 -10 4.3 -8.8
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 -20 6.1 -7.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.6 64 -34 1.2 -11.9
SCHH Schwab U.S. REIT ETF 0.6 7 23 7.0 -6.1
NIXT Research Affiliates Deletions ETF 0.6 9 21 6.2 -6.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.6 29 1 5.5 -7.6
LST Leuthold Select Industries ETF 0.5 91 -61 4.7 -8.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 24 2.6 -10.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 10 6.0 -7.1
RNSC Furst Trust Small Cap US Equity Select ETF 0.5 60 -30 4.5 -8.6
FSGS First Trust SMID Growth Strength ETF 0.5 60 -30 4.8 -8.3
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.5 60 -30 4.9 -8.2
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.5 70 -40 3.8 -9.2
ICAP InfraCap Equity Income Fund ETF 0.5 171 -141 4.5 -8.6
FREL Fidelity MSCI Real Estate Index ETF 0.5 8 22 6.8 -6.2
HART IQ Healthy Hearts ETF 0.5 45 -15 5.9 -7.2
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 17 1.6 -11.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 5 4.8 -8.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -16 5.2 -7.9
OPTZ Optimize Strategy Index ETF 0.5 50 -20 3.3 -9.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.5 27 3 6.2 -6.9
FTXN First Trust Nasdaq Oil & Gas ETF 0.5 60 -30 9.4 -3.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 12 6.7 -6.4
AVIE Avantis  Inflation Focused Equity ETF 0.5 25 5 6.0 -7.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.4 12 18 6.1 -7.0
VAW Vanguard Materials ETF 0.4 9 21 5.0 -8.1
DFGR Dimensional Global Real Estate ETF 0.4 22 8 6.9 -6.2
GVLU Gotham 1000 Value ETF 0.4 50 -20 8.2 -4.9
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 -7 5.4 -7.7
REET iShares Global REIT ETF 0.4 14 16 6.8 -6.3
ERET iShares Environmentally Aware Real Estate ETF 0.4 30 0 6.7 -6.4
QDF FlexShares Quality Dividend Index Fund 0.4 37 -7 5.3 -7.8
FMAT Fidelity MSCI Materials Index ETF 0.4 8 22 5.0 -8.1
POWR iShares U.S. Power Infrastructure ETF 0.4 40 -10 3.9 -9.2
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 10 -3.4 -16.4
HWAY Themes US Infrastructure ETF 0.4 29 1 4.6 -8.5
FENY Fidelity MSCI Energy Index ETF 0.4 8 22 7.4 -5.7
NANR SPDR S&P North American Natural Resources ETF 0.4 35 -5 6.8 -6.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 5 6.1 -7.0
VBK Vanguard Small-Cap Growth ETF 0.3 7 23 1.2 -11.9
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 -8 8.0 -5.1
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.3 15 15 7.8 -5.3
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.3 20 10 8.5 -4.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -16 8.3 -4.8
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 -10 3.5 -9.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -65 -0.6 -13.6
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.3 25 5 11.1 -2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -40 9.4 -3.6
PKW Invesco Buyback Achievers ETF 0.3 62 -32 7.1 -6.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 13 4.6 -8.5
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 2 5.6 -7.5
VDE Vanguard Energy ETF 0.3 9 21 7.3 -5.8
IHF iShares U.S. Healthcare Providers ETF 0.3 40 -10 6.4 -6.7
AVRE Avantis Real Estate ETF 0.3 17 13 6.7 -6.4
VYM Vanguard High Dividend Yield Index ETF 0.2 6 24 6.0 -7.1
OCEN IQ Clean Oceans ETF 0.2 45 -15 4.6 -8.5
AVUS Avantis U.S. Equity ETF 0.2 15 15 4.7 -8.4
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 12 4.6 -8.5
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 10 7.1 -5.9
DFUV Dimensional US Marketwide Value ETF 0.2 22 8 6.0 -7.1
DCOR Dimensional US Core Equity 1 ETF 0.2 14 16 4.5 -8.6
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 22 3.5 -9.6
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -59 4.2 -8.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -9 8.6 -4.5
VIS Vanguard Industrials ETF 0.2 9 21 3.5 -9.6
SFGV Sequoia Global Value ETF 0.2 23 7 7.1 -6.0
VUSE Vident U.S. Equity Strategy ETF 0.2 50 -20 3.7 -9.4
TXS Texas Capital Texas Equity Index ETF 0.2 49 -19 5.0 -8.1
IGE iShares North American Natural Resources ETF 0.2 41 -11 6.1 -7.0
PRF Invesco FTSE RAFI US 1000 ETF 0.2 34 -4 5.5 -7.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 23 5.1 -8.0
FCOM Fidelity MSCI Communication Services Index ETF 0.2 8 22 4.6 -8.5
VOX Vanguard Communication Services ETF 0.2 9 21 4.5 -8.6
SCHD Schwab US Dividend Equity ETF 0.2 6 24 8.1 -5.0
TEXN iShares Texas Equity ETF 0.2 20 10 5.2 -7.9
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 15 4.8 -8.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 18 3.8 -9.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 18 4.3 -8.8
PFM Invesco Dividend Achievers ETF 0.1 53 -23 4.6 -8.5
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 7 5.3 -7.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -17 5.1 -8.0
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -32 3.2 -9.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 27 4.1 -9.0
IWV iShares Russell 3000 ETF 0.1 20 10 4.0 -9.1
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 4.2 -8.9
VTHR Vanguard Russell 3000 ETF 0.1 7 23 4.1 -9.0
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 27 4.3 -8.8
VTI Vanguard Total Stock Market ETF 0.1 3 27 4.1 -9.0
MADE iShares U.S. Manufacturing ETF 0.1 40 -10 3.4 -9.7
REZ iShares Residential and Multisector Real Estate ETF 0.1 48 -18 5.6 -7.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 7 5.8 -7.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 10 5.9 -7.2
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.1 30 0 7.4 -5.7
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -70 3.0 -10.1
DFUS Dimensional U.S. Equity ETF 0.1 9 21 4.0 -9.0
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 13 6.3 -6.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 18 3.2 -9.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 9 2.9 -10.2
IWR iShares Russell Midcap ETF 0.1 19 11 5.2 -7.9
STXM Strive Mid-Cap ETF 0.1 18 12 5.9 -7.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 22 4.4 -8.7
FNCL Fidelity MSCI Financials Index ETF 0.1 8 22 5.8 -7.3
VCR Vanguard Consumer Discretionary ETF 0.1 9 21 4.4 -8.7
ITB iShares U.S. Home Construction ETF 0.1 40 -10 11.1 -2.0
VFH Vanguard Financials ETF 0.1 9 21 5.9 -7.2
VIG Vanguard Dividend Appreciation ETF 0.1 5 25 4.8 -8.3
AVUQ Avantis U.S. Quality ETF 0.1 15 15 3.6 -9.5
DIVB iShares Core Dividend ETF 0.1 5 25 6.7 -6.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 21 4.1 -9.0
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.1 43 -13 4.7 -8.4
REVS Columbia Research Enhanced Value ETF 0.1 19 11 6.5 -6.6
VT Vanguard Total World Stock ETF 0.1 6 24 5.0 -8.1
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 25 7.3 -5.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 21 4.8 -8.3
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -30 2.3 -10.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 18 5.2 -7.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 12 5.9 -7.2
VGSR Vert Global Sustainable Real Estate ETF 0.0 47 -17 6.9 -6.2
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 15 5.7 -7.4
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 1 6.0 -7.1
IYJ iShares U.S. Industrials ETF 0.0 40 -10 3.8 -9.2
DSI iShares MSCI KLD 400 Social ETF 0.0 25 5 4.1 -9.0
IWD iShares Russell 1000 Value ETF 0.0 19 11 5.2 -7.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 5 6.1 -7.0
STXV Strive 1000 Value ETF 0.0 18 12 6.7 -6.4
STXD Strive 1000 Dividend Growth ETF 0.0 35 -5 4.3 -8.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 23 5.3 -7.8
IUS Invesco RAFI Strategic US ETF 0.0 19 11 5.5 -7.6
RECS Columbia Research Enhanced Core ETF 0.0 15 15 5.3 -7.8
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 22 5.0 -8.1
VHT Vanguard Health Care ETF 0.0 9 21 4.8 -8.3
IEDI iShares U.S. Consumer Focused ETF 0.0 18 12 5.2 -7.9
DGRO iShares Core Dividend Growth ETF 0.0 8 22 5.4 -7.7
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 -12 5.3 -7.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 15 4.2 -8.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 11 5.0 -8.1
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 10 7.2 -5.9
IWB iShares Russell 1000 ETF 0.0 15 15 4.1 -9.0
VONE Vanguard Russell 1000 ETF 0.0 7 23 4.2 -8.9
VEGN US Vegan Climate ETF 0.0 60 -30 3.2 -9.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 19 4.1 -9.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 10 4.2 -8.9
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 -10 3.7 -9.4
IYY iShares Dow Jones U.S. ETF 0.0 20 10 4.0 -9.0
SCHK Schwab 1000 Index ETF 0.0 5 25 4.2 -8.9
RAUS RACWI US ETF 0.0 15 15 4.1 -9.0
STXG Strive 1000 Growth ETF 0.0 18 12 3.2 -9.9
ACVF American Conservative Values ETF 0.0 75 -45 3.7 -9.4

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 1.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 13.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.83 CATEGORY
AVERAGE		 1.57
 
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.