Invesco S&P SmallCap High Dividend Low Volatility ETF
ALTAR
Score™		 11.4% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 10.4x P/Sales
ratio		 0.6x
P/BV
ratio		 1.1x Div.
yield		 7.6%


  • 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 PowerShares
Website www.invesco.com
Inception date Dec 01, 2016
Assets (mns) $20
Currency USD
Expense ratio 30 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $1,173
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 15.7%
Small cap (<$2bn) 84.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TWO HARBORS INVESTMENT CORP 9.2 %
CAL-MAINE FOODS INC 3.5 %
ARCHROCK INC. 3.0 %
KKR REAL ESTATE FINANCE TRUST INC. 3.0 %
BRANDYWINE REALTY TRUST 2.9 %
REDWOOD TRUST INC 2.9 %
DELUXE CORP 2.8 %
UNIVERSAL CORP/VA 2.8 %
PENNYMAC MORTGAGE INVESTMENT 2.8 %
READY CAPITAL CORPORATION 2.7 %
Total 35.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.5% -11.6% -3.7% -- -2.2%

Market Correlations
versus... Beta R-squared
S&P500 1.05 65%
MSCI EAFE 1.10 66%
MSCI Emg. Mkts. 0.76 35%

Technical Indicators
Recent close $15.00
30d moving avg. $14.41
Annualized volatility 22.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.5%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.1%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $294

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 327 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™: 11.4%


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
(%)
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 22.0 35 -5 10.0 -1.4
SIXS 6 Meridian Small Cap Equity ETF 17.8 89 -59 8.7 -2.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 14.9 29 1 6.1 -5.3
DIV Global X SuperDividend US ETF 14.7 45 -15 8.9 -2.5
MORT VanEck Mortgage REIT Income ETF 14.3 43 -13 11.9 +0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 14.0 40 -10 7.9 -3.5
REM iShares Mortgage Real Estate ETF 13.3 48 -18 13.7 +2.3
PSCU Invesco S&P SmallCap Utilities ETF 13.1 29 1 8.4 -2.9
XSLV Invesco S&P SmallCap Low Volatility ETF 13.0 25 5 6.8 -4.6
DES WisdomTree U.S. SmallCap Dividend Fund 12.4 38 -8 10.0 -1.3
RIET Hoya Capital High Dividend Yield ETF 11.8 50 -20 14.1 +2.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.6 39 -9 11.5 +0.1
SSLY Syntax Stratified SmallCap ETF 11.2 40 -10 8.1 -3.2
PEY Invesco High Yield Equity Dividend Achievers ETF 11.0 53 -23 8.9 -2.5
ROSC Hartford Multifactor Small Cap ETF 10.8 34 -4 10.7 -0.7
RNSC Small Cap US Equity Select ETF 9.8 60 -30 8.8 -2.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.3 15 15 9.3 -2.1
IJS iShares S&P Small-cap 600 Value ETF 9.3 18 12 9.5 -1.8
SLYV SPDR S&P 600 Small Cap Value ETF 9.2 15 15 9.6 -1.8
DEEP Roundhill Acquirers Deep Value ETF 9.2 80 -50 17.9 +6.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.1 38 -8 10.7 -0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.6 35 -5 11.5 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 8.6 29 1 8.6 -2.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 8.6 39 -9 10.9 -0.5
FYT First Trust Small Cap Value AlphaDEX Fund 8.4 73 -43 15.1 +3.7
KBWY Invesco KBW Premium Yield Equity REIT ETF 8.0 35 -5 18.8 +7.4
SDIV Global X SuperDividend ETF 8.0 58 -28 16.3 +4.9
CALF Pacer US Small Cap Cash Cows 100 ETF 8.0 59 -29 12.3 +0.9
XJR iShares ESG Screened S&P Small-Cap ETF 7.9 12 18 7.8 -3.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 7.8 15 15 8.5 -2.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 7.5 35 -5 8.6 -2.7
SRET Global X SuperDividend REIT ETF 7.5 59 -29 10.1 -1.3
VIOO Vanguard S&P Small-Cap 600 ETF 7.4 10 20 8.1 -3.3
IJR iShares Core S&P Small Cap ETF 7.4 6 24 8.4 -3.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 7.4 3 27 8.4 -3.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.8 60 -30 11.0 -0.3
DSMC Distillate Small/Mid Cash Flow ETF 6.8 55 -25 12.5 +1.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 6.7 35 -5 8.1 -3.3
KBWD Invesco KBW High Dividend Yield Financial ETF 6.7 384 -354 8.0 -3.3
FYX First Trust Small Cap Core AlphaDEX Fund 6.4 61 -31 8.8 -2.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.3 52 -22 8.3 -3.1
XSHQ Invesco S&P SmallCap Quality ETF 6.3 30 0 10.2 -1.2
IFRA iShares U.S. Infrastructure ETF 6.3 30 0 6.5 -4.8
RDOG ALPS REIT Dividend Dogs ETF 6.2 35 -5 14.0 +2.6
TPSC Timothy Plan US Small Cap Core ETF 6.2 52 -22 8.4 -3.0
ESIX SPDR S&P SmallCap 600 ESG ETF 6.1 12 18 7.8 -3.6
SMLE Xtrackers S&P SmallCap 600 ESG ETF 6.1 15 15 7.8 -3.6
SIXL 6 Meridian Low Beta Equity Strategy ETF 5.9 80 -50 5.6 -5.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 5.8 59 -29 9.0 -2.4
EES WisdomTree SmallCap Earnings Fund 5.7 38 -8 11.4 0.0
ECML Euclidean Fundamental Value ETF 5.7 95 -65 15.0 +3.7
CSML IQ Chaikin U.S. Small Cap ETF 5.7 35 -5 5.8 -5.6
SQLV Legg Mason Small-Cap Quality Value 5.6 60 -30 9.9 -1.5
TMDV ProShares Russell US Dividend Growers ETF 5.5 35 -5 6.7 -4.6
SLYG SPDR S&P 600 Small Cap Growth ETF 5.4 15 15 7.1 -4.3
IJT iShares S&P Small-Cap 600 Growth ETF 5.4 25 5 7.0 -4.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 5.3 15 15 7.0 -4.4
AFSM First Trust Active Factor Small Cap ETF 5.2 77 -47 9.4 -1.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 5.2 12 18 8.2 -3.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 5.0 30 0 12.2 +0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.0 20 10 5.5 -5.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.8 47 -17 9.7 -1.7
PSCM Invesco S&P SmallCap Materials ETF 4.7 29 1 8.0 -3.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 4.6 25 5 7.0 -4.3
PSCF Invesco S&P SmallCap Financials ETF 4.5 29 1 10.5 -0.9
AVSC Avantis U.S Small Cap Equity ETF 4.5 25 5 5.6 -5.8
PSCI Invesco S&P SmallCap Industrials ETF 4.5 29 1 7.0 -4.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 4.4 39 -9 6.3 -5.0
FDM First Trust Dow Jones Select Microcap Index Fund 4.2 60 -30 7.8 -3.5
SVAL iShares US Small Cap Value Factor ETF 4.2 20 10 12.0 +0.6
IWN iShares Russell 2000 Value ETF 4.1 24 6 6.2 -5.2
VTWV Vanguard Russell 2000 Value Index Fund 4.1 15 15 6.4 -5.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 4.0 20 10 7.3 -4.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.0 35 -5 8.3 -3.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 4.0 39 -9 4.3 -7.1
PSCE Invesco S&P SmallCap Energy ETF 4.0 29 1 4.4 -7.0
CVAR Cultivar ETF 3.9 87 -57 7.7 -3.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.9 80 -50 7.0 -4.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.9 9 21 4.1 -7.2
FVD First Trust Value Line Dividend Index Fund 3.7 65 -35 6.2 -5.2
PBJ Invesco Dynamic Food & Beverage ETF 3.7 63 -33 6.0 -5.4
XSMO Invesco S&P SmallCap Momentum ETF 3.5 39 -9 6.9 -4.5
FYC First Trust Small Cap Growth AlphaDEX Fund 3.5 71 -41 1.1 -10.3
SYLD Cambria Shareholder Yield ETF 3.5 59 -29 11.8 +0.5
ZIG The Acquirers Fund 3.5 84 -54 18.3 +6.9
ISMD Inspire Small/Mid Cap Impact ETF 3.4 54 -24 6.3 -5.0
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.3 60 -30 6.8 -4.6
IWM iShares Russell 2000 ETF 3.3 19 11 3.9 -7.5
AVUV Avantis U.S. Small Cap Value ETF 3.3 25 5 10.4 -1.0
VTWO Vanguard Russell 2000 Index Fund 3.3 10 20 4.0 -7.4
PSC Principal U.S. Small Cap Index ETF 3.2 38 -8 8.6 -2.8
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 3.1 48 -18 8.3 -3.1
DFSV Dimensional US Small Cap Value ETF 3.1 31 -1 9.3 -2.1
VRAI Virtus Real Asset Income ETF 3.1 55 -25 9.2 -2.1
ISCV iShares Morningstar Small Cap Value ETF 3.0 6 24 8.5 -2.8
XES SPDR S&P Oil & Gas Equipment & Services ETF 2.9 35 -5 -2.4 -13.8
TOKE Cambria Cannabis ETF 2.8 42 -12 -30.0 -41.4
PXJ Invesco Dynamic Oil & Gas Services ETF 2.8 63 -33 -0.5 -11.9
DFAS Dimensional U.S. Small Cap ETF 2.7 26 4 6.4 -5.0
XRT SPDR S&P Retail ETF 2.7 35 -5 10.0 -1.4
NETL NETLease Corporate Real Estate ETF 2.6 60 -30 10.1 -1.3
XTL SPDR S&P Telecom ETF 2.6 35 -5 9.7 -1.7
DFAT Dimensional U.S. Targeted Value ETF 2.4 28 2 8.8 -2.6
IWO iShares Russell 2000 Growth ETF 2.4 24 6 1.2 -10.2
VTWG Vanguard Russell 2000 Growth Index Fund 2.4 15 15 1.3 -10.1
SCHA Schwab U.S. Small-Cap ETF 2.3 4 26 5.2 -6.2
USAI Pacer American Energy Independence ETF 2.3 75 -45 3.8 -7.6
DWAS Invesco DWA SmallCap Momentum ETF 2.3 60 -30 1.1 -10.3
HOMZ Hoya Capital Housing ETF 2.3 30 0 8.7 -2.7
BYTE Roundhill IO Digital Infrastructure ETF 2.3 46 -16 9.2 -2.2
VNSE Natixis Vaughan Nelson Select ETF 2.3 80 -50 4.2 -7.2
PPTY PPTY-U.S. Diversified Real Estate ETF 2.3 53 -23 7.2 -4.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.3 60 -30 7.4 -3.9
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.2 69 -39 9.2 -2.2
AQWA Global X Clean Water ETF 2.2 50 -20 4.8 -6.6
CGW Invesco S&P Global Water Index ETF 2.2 57 -27 4.6 -6.8
PHO Invesco Water Resources ETF 2.2 60 -30 4.8 -6.5
EFRA iShares Environmental Infrastructure and Industrials ETF 2.2 47 -17 5.9 -5.5
EBLU Ecofin Global Water ESG Fund 2.2 40 -10 4.2 -7.2
FIW First Trust Water ETF 2.2 53 -23 4.8 -6.5
BFIT Global X Health & Wellness ETF 2.2 50 -20 5.6 -5.7
VFMF Vanguard U.S. Multifactor ETF 2.1 18 12 9.1 -2.3
VICE AdvisorShares Vice ETF 2.1 99 -69 5.7 -5.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.1 17 13 5.8 -5.6
ISCB iShares Morningstar Small-Cap ETF 2.1 4 26 5.3 -6.1
ICAP InfraCap Equity Income Fund ETF 2.0 171 -141 7.0 -4.4
PUI Invesco DWA Utilities Momentum ETF 2.0 60 -30 6.1 -5.3
IWC iShares Micro-Cap ETF 2.0 60 -30 -5.4 -16.8
NUSC Nuveen ESG Small-Cap ETF 2.0 31 -1 5.7 -5.6
BLDG Cambria Global Real Estate ETF 2.0 60 -30 9.3 -2.1
QVAL Alpha Architect U.S. Quantitative Value ETF 2.0 39 -9 11.6 +0.2
VFMV Vanguard U.S. Minimum Volatility ETF 1.9 13 17 5.9 -5.5
FAB First Trust Multi Cap Value AlphaDEX Fund 1.9 67 -37 11.2 -0.2
KVLE KFA Value Liner Dynamic Core Equity Index ETF 1.9 56 -26 5.7 -5.7
FSMD Fidelity Small-Mid Factor ETF 1.8 29 1 7.9 -3.5
TPYP Tortoise North American Pipeline Fund 1.8 40 -10 5.2 -6.2
DHS WisdomTree U.S. High Dividend Fund 1.8 38 -8 9.8 -1.6
VBR Vanguard Small Cap Value Index Fund 1.8 7 23 9.1 -2.3
WBIY WBI Power Factor High Dividend ETF 1.8 100 -70 12.5 +1.1
PRAY FIS Biblically Responsible Risk Managed ETF 1.8 69 -39 6.1 -5.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.8 15 15 6.0 -5.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.7 24 6 8.5 -2.8
ONLN ProShares Online Retail ETF 1.7 58 -28 -2.2 -13.6
VPU Vanguard Utilities Index Fund 1.7 10 20 6.8 -4.6
FUTY Fidelity MSCI Utilities Index ETF 1.7 8 22 6.8 -4.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 1.7 42 -12 8.5 -2.8
STXK Strive Small-Cap ETF 1.7 18 12 5.7 -5.7
CBSE Changebridge Capital Sustainable Equity ETF 1.6 85 -55 0.6 -10.8
PKB Invesco Dynamic Building & Construction ETF 1.6 60 -30 11.3 -0.1
MBOX Freedom Day Dividend ETF 1.6 39 -9 8.5 -2.9
MLPX Global X MLP & Energy Infrastructure ETF 1.6 45 -15 4.8 -6.6
IEZ iShares U.S. Oil Equipment & Services ETF 1.6 40 -10 0.5 -10.9
OSCV Opus Small Cap Value Plus ETF 1.6 79 -49 6.5 -4.9
PXI Invesco DWA Energy Momentum ETF 1.5 60 -30 5.9 -5.5
VFQY Vanguard U.S. Quality Factor ETF 1.5 13 17 7.4 -4.0
GDIV Harbor Dividend Growth Leaders ETF 1.5 50 -20 6.2 -5.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.4 25 5 9.3 -2.1
VAMO Cambria Value & Momentum ETF 1.4 61 -31 11.5 +0.2
WOOD iShares Global Timber & Forestry ETF 1.4 42 -12 9.1 -2.2
DBLV AdvisorShares DoubleLine Value Equity ETF 1.4 90 -60 8.6 -2.8
NVQ QRAFT AI-Enhanced US Next Value ETF 1.4 81 -51 9.9 -1.4
VFVA Vanguard U.S. Value Factor ETF 1.3 13 17 11.1 -0.2
PSCT Invesco S&P SmallCap Information Technology ETF 1.3 29 1 6.7 -4.6
ETHO Etho Climate Leadership U.S. ETF 1.3 47 -17 5.0 -6.4
BKSE BNY Mellon US Small Cap Core Equity ETF 1.3 4 26 6.2 -5.2
WDIV SPDR Global Dividend ETF 1.3 40 -10 9.7 -1.7
XHB SPDR S&P Homebuilders ETF 1.3 35 -5 9.8 -1.6
VB Vanguard Small-Cap ETF 1.3 5 25 5.8 -5.5
BFOR Barron's 400 ETF 1.3 65 -35 8.0 -3.4
XME SPDR S&P Metals & Mining ETF 1.3 35 -5 7.1 -4.3
VXF Vanguard Extended Market Index Fund 1.2 6 24 4.0 -7.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.2 70 -40 9.1 -2.3
FSTA Fidelity MSCI Consumer Staples Index ETF 1.2 8 22 6.3 -5.1
VDC Vanguard Consumer Staples Index Fund 1.2 10 20 6.3 -5.1
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 24 2.0 -9.4
ITB iShares U.S. Home Construction ETF 1.1 40 -10 12.2 +0.8
QQQS Invesco NASDAQ Future Gen 200 ETF 1.1 20 10 -12.8 -24.1
AFMC First Trust Active Factor Mid Cap ETF 1.1 65 -35 9.1 -2.3
CUT Invesco MSCI Global Timber ETF 1.1 61 -31 8.8 -2.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.1 15 15 7.1 -4.3
SMCP AlphaMark Actively Managed Small Cap ETF 1.1 90 -60 0.0 -11.4
EINC VanEck Energy Income ETF 1.0 48 -18 4.3 -7.1
SDY SPDR S&P Dividend ETF 1.0 35 -5 6.9 -4.4
MOTE VanEck Morningstar ESG Moat ETF 0.9 49 -19 5.8 -5.6
KCAL Subversive Food Security ETF 0.9 75 -45 9.0 -2.4
EATV VegTech Plant-based Innovation & Climate ETF 0.9 75 -45 1.9 -9.5
PYZ Invesco DWA Basic Materials Momentum ETF 0.9 60 -30 8.0 -3.3
ACTV LeaderShares Activist Leaders ETF 0.8 75 -45 9.2 -2.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -40 12.0 +0.6
CRED Columbia Research Enhanced Real Estate ETF 0.8 33 -3 7.6 -3.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.8 50 -20 6.3 -5.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 47 -17 5.6 -5.8
LVHD Legg Mason Low Volatility High Dividend ETF 0.7 27 3 9.4 -1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.7 63 -33 2.7 -8.7
TDV ProShares S&P Technology Dividend Aristocrats ETF 0.7 45 -15 6.4 -4.9
SRHQ SRH U.S. Quality ETF 0.7 35 -5 8.4 -3.0
PSL Invesco DWA Consumer Staples Momentum ETF 0.7 60 -30 5.4 -6.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 23 6.1 -5.2
IWTR iShares MSCI Water Management Multisector ETF 0.7 47 -17 5.6 -5.8
HLGE Hartford Longevity Economy ETF 0.7 44 -14 7.0 -4.4
VOX Vanguard Telecommunication Services Index Fund 0.6 10 20 6.2 -5.1
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 17 2.7 -8.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.6 35 -5 10.7 -0.7
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.6 8 22 6.0 -5.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 -16 8.6 -2.7
FTXG First Trust Nasdaq Food & Beverage ETF 0.6 60 -30 5.9 -5.5
HKND Humankind US Stock ETF 0.6 11 19 6.8 -4.6
XSW SPDR S&P Software & Services ETF 0.6 35 -5 1.9 -9.5
VBK Vanguard Small-Cap Growth Index Fund 0.6 7 23 1.3 -10.1
RYJ Invesco Raymond James SB-1 Equity ETF 0.6 81 -51 3.9 -7.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.6 25 5 6.2 -5.2
GVLU Gotham 1000 Value ETF 0.6 50 -20 9.1 -2.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -40 4.6 -6.8
WCEO Hypatia Women CEO ETF 0.6 85 -55 6.3 -5.1
USRT iShares Core U.S. REIT ETF 0.6 8 22 7.8 -3.6
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -35 4.6 -6.8
SLX VanEck Steel ETF 0.5 56 -26 22.6 +11.3
PAVE Global X U.S. Infrastructure Development ETF 0.5 47 -17 6.4 -5.0
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 8 5.2 -6.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 13 6.0 -5.3
DTD WisdomTree U.S.Total Dividend Fund 0.5 28 2 7.2 -4.2
PSR Invesco Active U.S. Real Estate Fund 0.5 35 -5 6.9 -4.5
SCHH Schwab U.S. REIT ETF 0.5 7 23 7.7 -3.7
MJ ETFMG Alternative Harvest ETF 0.5 75 -45 -117.5 -128.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 1 7.1 -4.3
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 18 7.7 -3.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.5 56 -26 13.9 +2.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -59 4.6 -6.7
FREL Fidelity MSCI Real Estate Index ETF 0.4 8 22 7.5 -3.9
DFAR Dimensional US Real Estate ETF 0.4 19 11 7.4 -4.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.4 25 5 7.2 -4.2
ECLN First Trust EIP Carbon Impact ETF 0.4 96 -66 5.3 -6.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 0 10.4 -1.0
VUSE Vident Core US Equity Fund 0.4 50 -20 5.9 -5.5
RWR SPDR Dow Jones REIT ETF 0.4 25 5 7.4 -4.0
CVY Invesco Zacks Multi-Asset Income ETF 0.4 100 -70 11.8 +0.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 59 -29 8.0 -3.4
VNQ Vanguard REIT Index Fund 0.4 12 18 7.4 -3.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.4 11 19 7.8 -3.5
EMLP First Trust North American Energy Infrastructure Fund 0.4 95 -65 5.6 -5.8
FRI First Trust S&P REIT Index Fund 0.4 50 -20 7.4 -4.0
XT iShares Exponential Technologies ETF 0.4 46 -16 3.5 -7.9
FMAT Fidelity MSCI Materials Index ETF 0.4 8 22 6.8 -4.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 0 9.5 -1.9
AVUS Avantis U.S. Equity ETF 0.3 15 15 6.4 -5.0
DVY iShares Select Dividend ETF 0.3 38 -8 9.4 -2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 12 6.0 -5.4
DFGR Dimensional Global Real Estate ETF 0.3 22 8 7.1 -4.3
FDL First Trust Morningstar Dividend Leaders Index Fund 0.3 45 -15 10.7 -0.7
PRVT Private Real Estate Strategy via Liquid REITs ETF 0.3 59 -29 7.5 -3.9
VEGI iShares MSCI Global Agriculture Producers ETF 0.3 39 -9 9.0 -2.4
DFUV Dimensional US Marketwide Value ETF 0.3 22 8 8.2 -3.2
VAW Vanguard Materials Index Fund 0.3 10 20 6.6 -4.7
PKW Invesco Buyback Achievers ETF 0.3 64 -34 8.0 -3.4
RNMC Mid Cap US Equity Select ETF 0.3 60 -30 8.9 -2.5
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -20 6.8 -4.6
REET iShares Global REIT ETF 0.3 14 16 7.3 -4.0
DEW WisdomTree Global High Dividend Fund 0.3 58 -28 9.2 -2.2
GRNR Global X Green Building ETF 0.3 45 -15 7.2 -4.2
EZM WisdomTree U.S. MidCap Earnings Fund 0.2 38 -8 10.5 -0.8
VCR Vanguard Consumer Discretionary Index Fund 0.2 10 20 4.7 -6.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.2 8 22 4.8 -6.6
VYM Vanguard High Dividend Yield Index ETF 0.2 6 24 7.8 -3.6
PSCH Invesco S&P SmallCap Health Care ETF 0.2 29 1 5.1 -6.3
SCHD Schwab U.S. Dividend Equity ETF 0.2 6 24 8.9 -2.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 -15 5.9 -5.5
DFAU Dimensional US Core Equity Market ETF 0.2 12 18 5.7 -5.7
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.2 40 -10 9.8 -1.6
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 0 7.2 -4.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -15 4.8 -6.6
HAP VanEck Natural Resources ETF 0.2 50 -20 8.1 -3.2
PFM Invesco Dividend Achievers ETF 0.2 53 -23 5.9 -5.5
FIDU Fidelity MSCI Industrials Index ETF 0.2 8 22 5.2 -6.2
MILN Global X Millennial Consumer ETF 0.2 50 -20 2.3 -9.0
VIS Vanguard Industrials Index Fund 0.2 10 20 4.9 -6.5
VDE Vanguard Energy Index Fund 0.2 10 20 6.8 -4.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 27 5.4 -5.9
VTHR Vanguard Russell 3000 Index Fund 0.2 10 20 5.4 -6.0
FENY Fidelity MSCI Energy Index ETF 0.2 8 22 6.9 -4.5
SCHB Schwab U.S. Broad Market ETF 0.2 3 27 5.5 -5.9
KOMP SPDR Kensho New Economies Composite ETF 0.2 20 10 -0.5 -11.9
VTI Vanguard Total Stock Market Index Fund 0.2 3 27 5.3 -6.0
IWV iShares Russell 3000 ETF 0.2 20 10 5.3 -6.1
SPTM SPDR Portfolio Total Stock Market ETF 0.2 3 27 5.8 -5.6
ERTH Invesco MSCI Sustainable Future ETF 0.2 56 -26 3.8 -7.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 21 5.7 -5.7
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 -9 7.1 -4.3
DFUS Dimensional U.S. Equity ETF 0.2 9 21 5.5 -5.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -17 5.8 -5.6
VIG Vanguard Dividend Appreciation Index Fund 0.1 6 24 5.9 -5.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 -9 10.2 -1.2
DIVB iShares Core Dividend 0.1 5 25 8.4 -3.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 18 4.9 -6.5
VFH Vanguard Financials Index Fund 0.1 10 20 6.9 -4.5
FNCL Fidelity MSCI Financials Index ETF 0.1 8 22 6.9 -4.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 21 5.3 -6.1
ERSX ERShares NextGen Entrepreneurs ETF 0.1 75 -45 5.9 -5.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 5 7.2 -4.1
TXS Texas Capital Texas Equity Index ETF 0.1 49 -19 5.6 -5.8
LUXX Roundhill S&P Global Luxury ETF 0.1 45 -15 2.5 -8.9
PRNT The 3D Printing ETF 0.1 66 -36 -3.2 -14.5
DGRO iShares Core Dividend Growth ETF 0.1 8 22 7.0 -4.4
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 -8 9.1 -2.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 9 4.0 -7.3
IHE iShares U.S. Pharmaceuticals ETF 0.1 40 -10 8.9 -2.5
SXQG 6 Meridian Quality Growth ETF 0.1 100 -70 4.7 -6.7
IUS Invesco Strategic US ETF 0.1 19 11 7.7 -3.7
IGPT Invesco AI and Next Gen Software ETF 0.1 56 -26 4.7 -6.6
VT Vanguard Total World Stock ETF 0.1 7 23 5.1 -6.2
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.1 18 12 5.2 -6.2
VGT Vanguard Information Technology Index Fund 0.1 10 20 5.0 -6.4
FTEC Fidelity MSCI Information Technology Index ETF 0.1 8 22 5.0 -6.4
IGE iShares North American Natural Resources ETF 0.1 41 -11 6.5 -4.9
TMFX Motley Fool Next Index ETF 0.1 50 -20 3.3 -8.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -45 4.3 -7.1
IGV iShares Expanded Tech-Software ETF 0.0 41 -11 3.4 -7.9
DSI iShares MSCI KLD 400 Social ETF 0.0 25 5 5.5 -5.9
VDNI V-Shares US Leadership Diversity ETF 0.0 29 1 5.7 -5.7
TTAC TrimTabs US Free Cash Flow Quality ETF 0.0 59 -29 6.2 -5.2
IBBQ Invesco Nasdaq Biotechnology ETF 0.0 19 11 0.1 -11.3
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -45 4.1 -7.3
IGM iShares Expanded Tech Sector ETF 0.0 41 -11 4.9 -6.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.0 28 2 6.1 -5.3
ACVF American Conservative Values ETF 0.0 75 -45 4.8 -6.6
IYY iShares Dow Jones U.S. ETF 0.0 20 10 5.3 -6.0
VHT Vanguard Health Care Index Fund 0.0 10 20 6.1 -5.3
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 22 6.2 -5.2

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2018 2019 2020 2021 2022 2023E 2024E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 12.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 11.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.49
 
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.