Invesco S&P SmallCap High Dividend Low Volatility ETF
ALTAR
Score™		 13.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.0x Div.
yield		 7.5%


  • 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 3.5 %
BRANDYWINE REALTY TRUST 3.2 %
INNOVATIVE INDUSTRIAL PROPERTIES I 3.1 %
ARMADA HOFFLER PROPERTIES IN 3.1 %
EASTERLY GOVERNMENT PROPERTIES INC 3.1 %
TWO HARBORS INVESTMENT CORP 3.0 %
READY CAPITAL CORPORATION 2.9 %
DELUXE CORP 2.8 %
ARMOUR RESIDENTIAL REIT INC 2.7 %
ARBOR REALTY TRUST INC 2.7 %
Total 30.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.6% -6.3% 2.2% -- -1.0%

Market Correlations
versus... Beta R-squared
S&P500 1.17 58%
MSCI EAFE 0.96 46%
MSCI Emg. Mkts. 0.65 23%

Technical Indicators
Recent close $13.67
30d moving avg. $13.45
Annualized volatility 23.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 57
Turnover 1.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $723

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 413 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
(%)
XSLV Invesco S&P SmallCap Low Volatility ETF 20.3 25 5 7.5 -5.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 16.9 35 -5 9.1 -3.9
RIET Hoya Capital High Dividend Yield ETF 16.6 50 -20 48.5 +35.5
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 14.7 29 1 4.6 -8.5
MORT VanEck Mortgage REIT Income ETF 14.0 43 -13 49.7 +36.6
SMDV ProShares Russell 2000 Dividend Growers ETF 14.0 40 -10 7.5 -5.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.8 36 -6 10.6 -2.5
KBWY Invesco KBW Premium Yield Equity REIT ETF 13.4 35 -5 8.4 -4.7
REM iShares Mortgage Real Estate ETF 13.4 48 -18 63.5 +50.4
RDOG ALPS REIT Dividend Dogs ETF 12.9 35 -5 9.4 -3.7
FYT First Trust Small Cap Value AlphaDEX Fund 11.5 73 -43 10.5 -2.6
DES WisdomTree U.S. SmallCap Dividend Fund 11.1 38 -8 9.3 -3.8
PEY Invesco High Yield Equity Dividend Achievers ETF 10.5 52 -22 10.3 -2.8
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 9.6 38 -8 9.8 -3.2
IJS iShares S&P Small-Cap 600 Value ETF 9.5 18 12 9.7 -3.4
DIV Global X SuperDividend US ETF 9.5 45 -15 12.0 -1.1
PSCC Invesco S&P SmallCap Consumer Staples ETF 9.5 29 1 8.0 -5.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 9.4 35 -5 10.0 -3.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.9 10 20 9.7 -3.3
ROSC Hartford Multifactor Small Cap ETF 8.9 34 -4 9.2 -3.9
SLYV SPDR S&P 600 Small Cap Value ETF 8.8 15 15 9.7 -3.4
IFRA iShares U.S. Infrastructure ETF 8.7 30 0 6.6 -6.5
KBWD Invesco KBW High Dividend Yield Financial ETF 8.6 384 -354 13.5 +0.4
TMDV ProShares Russell US Dividend Growers ETF 8.4 35 -5 6.5 -6.5
SIXS ETC 6 Meridian Small Cap Equity ETF 8.3 89 -59 9.8 -3.3
SDIV Global X Superdividend ETF 7.9 58 -28 40.9 +27.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.7 80 -50 7.9 -5.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 7.4 29 1 8.2 -4.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 7.2 15 15 7.8 -5.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 7.2 35 -5 9.4 -3.7
GRPZ Invesco S&P SmallCap 600 GARP ETF 7.1 35 -5 7.3 -5.8
IJR iShares Core S&P Small Cap ETF 7.0 6 24 7.6 -5.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 6.9 39 -9 9.6 -3.5
XJR iShares ESG Screened S&P Small-Cap ETF 6.8 12 18 7.4 -5.7
ESIX SPDR S&P SmallCap 600 ESG ETF 6.7 12 18 8.0 -5.1
DSMC Distillate Small/Mid Cash Flow ETF 6.7 55 -25 11.8 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 6.6 7 23 7.6 -5.5
NETL NETLease Corporate Real Estate ETF 6.6 60 -30 8.3 -4.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 6.6 3 27 7.6 -5.4
FYX First Trust Small Cap Core AlphaDEX Fund 6.5 61 -31 5.9 -7.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.2 12 18 7.4 -5.7
SYLD Cambria Shareholder Yield ETF 6.1 59 -29 11.7 -1.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.9 52 -22 6.3 -6.8
EES WisdomTree U.S. SmallCap Fund 5.8 38 -8 8.7 -4.4
TPSC Timothy Plan US Small Cap Core ETF 5.7 52 -22 6.8 -6.3
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 5.5 48 -18 8.2 -4.9
XSHQ Invesco S&P SmallCap Quality ETF 5.5 29 1 7.2 -5.8
PSCM Invesco S&P SmallCap Materials ETF 5.4 29 1 12.6 -0.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 5.4 35 -5 7.7 -5.3
SVAL iShares US Small Cap Value Factor ETF 5.3 20 10 10.3 -2.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 5.3 59 -29 6.2 -6.9
PSCI Invesco S&P SmallCap Industrials ETF 5.2 29 1 5.1 -8.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.2 47 -17 8.9 -4.2
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 5.2 60 -30 6.8 -6.3
AVUV Avantis U.S. Small Cap Value ETF 5.1 25 5 9.7 -3.4
SIXL ETC 6 Meridian Low Beta Equity ETF 5.1 80 -50 6.2 -6.9
WBIY WBI Power Factor High Dividend ETF 5.0 100 -70 14.8 +1.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 4.9 25 5 7.8 -5.2
AVSC Avantis U.S Small Cap Equity ETF 4.9 25 5 5.6 -7.5
XSMO Invesco S&P SmallCap Momentum ETF 4.7 39 -9 5.6 -7.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.7 35 -5 4.1 -9.0
IJT iShares S&P Small-Cap 600 Growth ETF 4.6 18 12 5.5 -7.6
HAPS Harbor Human Capital Factor US Small Cap ETF 4.6 60 -30 3.9 -9.2
CALF Pacer US Small Cap Cash Cows 100 ETF 4.6 59 -29 10.7 -2.4
ISMD Inspire Small/Mid Cap ETF 4.6 54 -24 5.5 -7.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.5 10 20 5.6 -7.5
SRET Global X SuperDividend REIT ETF 4.4 59 -29 12.0 -1.1
SLYG SPDR S&P 600 Small Cap Growth ETF 4.4 15 15 5.5 -7.5
PSCF Invesco S&P SmallCap Financials ETF 4.4 29 1 9.2 -3.9
AFSM First Trust Active Factor Small Cap ETF 4.3 75 -45 7.5 -5.5
ICAP InfraCap Equity Income Fund ETF 4.2 171 -141 6.1 -7.0
FNDA Schwab Fundamental US Small Co. Index ETF 4.2 25 5 8.2 -4.9
IWN iShares Russell 2000 Value ETF 4.2 24 6 7.3 -5.8
VTWV Vanguard Russell 2000 Value ETF 4.2 10 20 7.3 -5.8
VAMO Cambria Value & Momentum ETF 4.1 61 -31 5.8 -7.3
WCEO Hypatia Women CEO ETF 4.1 85 -55 3.8 -9.3
SQLV Royce Quant Small-Cap Quality Value ETF 4.0 60 -30 9.3 -3.7
REAI Intelligent Real Estate ETF 4.0 59 -29 14.6 +1.5
BLDG Cambria Global Real Estate ETF 3.8 60 -30 11.5 -1.6
SURE AdvisorShares Insiders Advantage ETF 3.7 90 -60 9.5 -3.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 3.7 9 21 4.2 -8.9
CGW Invesco S&P Global Water Index ETF 3.6 57 -27 4.7 -8.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 3.6 35 -5 7.2 -5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.5 39 -9 5.3 -7.8
ECML Euclidean Fundamental Value ETF 3.5 95 -65 11.2 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.4 20 10 5.5 -7.5
FVD First Trust Value Line Dividend Index Fund 3.4 65 -35 6.3 -6.8
PBJ Invesco Food & Beverage ETF 3.3 57 -27 7.1 -5.9
IRET iREIT - MarketVector Quality REIT Index ETF 3.1 60 -30 7.1 -6.0
CGV Conductor Global Equity Value ETF 3.1 130 -100 8.0 -5.1
RSSL Global X Russell 2000 ETF 3.0 8 22 4.3 -8.7
DEEP Roundhill Acquirers Deep Value ETF 3.0 80 -50 16.7 +3.7
VTWO Vanguard Russell 2000 ETF 2.9 7 23 4.3 -8.8
IWM iShares Russell 2000 ETF 2.9 19 11 4.3 -8.8
PSC Principal U.S. Small-Cap ETF 2.9 38 -8 6.8 -6.3
BKSE BNY Mellon US Small Cap Core Equity ETF 2.8 4 26 5.9 -7.2
WDIV SPDR S&P Global Dividend ETF 2.8 40 -10 9.1 -3.9
AQWA Global X Clean Water ETF 2.8 50 -20 5.0 -8.1
ETHO Etho Climate Leadership U.S. ETF 2.7 47 -17 5.3 -7.8
ISCV iShares Morningstar Small Cap Value ETF 2.7 6 24 9.3 -3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.7 39 -9 5.8 -7.3
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.6 20 10 6.3 -6.8
BEDZ AdvisorShares Hotel ETF 2.6 100 -70 6.8 -6.3
AFMC First Trust Active Factor Mid Cap ETF 2.6 65 -35 8.3 -4.7
FESM Fidelity Enhanced Small Cap ETF 2.6 28 2 7.2 -5.9
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 67 -37 9.9 -3.2
FDLS Inspire Fidelis Multi Factor ETF 2.5 76 -46 5.1 -8.0
FIW First Trust Water ETF 2.5 53 -23 4.7 -8.4
STXK Strive Small-Cap ETF 2.4 18 12 5.9 -7.2
PHO Invesco Water Resources ETF 2.4 60 -30 4.5 -8.6
CVAR Cultivar ETF 2.4 87 -57 6.8 -6.3
PPTY US Diversified Real Estate ETF 2.4 53 -23 7.9 -5.2
DFAT Dimensional U.S. Targeted Value ETF 2.3 28 2 9.2 -3.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 2.3 60 -30 7.5 -5.6
DFSV Dimensional US Small Cap Value ETF 2.3 31 -1 10.0 -3.1
NURE Nuveen Short-Term REIT ETF 2.3 35 -5 8.1 -5.0
SCHA Schwab U.S. Small-Cap ETF 2.3 4 26 5.9 -7.2
XHS SPDR S&P Health Care Services ETF 2.2 35 -5 3.2 -9.9
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.2 15 15 7.6 -5.5
PSCH Invesco S&P SmallCap Health Care ETF 2.2 29 1 4.5 -8.6
BOUT Innovator IBD Breakout Opportunities ETF 2.1 81 -51 2.7 -10.4
DFAS Dimensional U.S. Small Cap ETF 2.1 26 4 6.4 -6.7
EFRA iShares Environmental Infrastructure and Industrials ETF 2.1 47 -17 5.2 -7.8
XME SPDR S&P Metals & Mining ETF 2.0 35 -5 6.8 -6.3
VFMF Vanguard U.S. Multifactor ETF 2.0 18 12 7.9 -5.2
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 -45 7.4 -5.7
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.0 60 -30 6.0 -7.0
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.0 56 -26 6.1 -7.0
XTL SPDR S&P Telecom ETF 1.9 35 -5 2.1 -11.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.9 39 -9 3.3 -9.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 1.9 35 -5 3.3 -9.8
HOMZ Hoya Capital Housing ETF 1.9 30 0 9.3 -3.8
QVAL Alpha Architect US Quantitative Value ETF 1.9 39 -9 9.6 -3.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.8 17 13 5.7 -7.4
VBR Vanguard Small Cap Value ETF 1.8 7 23 9.1 -4.0
CUT Invesco MSCI Global Timber ETF 1.8 61 -31 10.4 -2.6
FSMD Fidelity Small-Mid Multifactor ETF 1.8 15 15 7.0 -6.0
GDIV Harbor Dividend Growth Leaders ETF 1.8 50 -20 5.2 -7.9
PSCE Invesco S&P SmallCap Energy ETF 1.8 29 1 11.2 -1.9
FUTY Fidelity MSCI Utilities Index ETF 1.7 8 22 5.3 -7.8
IWO iShares Russell 2000 Growth ETF 1.7 24 6 1.3 -11.8
VTWG Vanguard Russell 2000 Growth ETF 1.7 10 20 1.4 -11.6
ISCB iShares Morningstar Small-Cap ETF 1.7 4 26 6.2 -6.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.6 24 6 7.7 -5.4
TOKE Cambria Cannabis ETF 1.6 42 -12 1.1 -12.0
SMCF Themes US Small Cap Cash Flow Champions ETF 1.6 29 1 12.0 -1.0
NUSC Nuveen ESG Small-Cap ETF 1.6 31 -1 5.3 -7.8
DESK VanEck Office and Commercial REIT ETF 1.6 50 -20 12.7 -0.4
SMLF iShares U.S. SmallCap Equity Factor ETF 1.6 15 15 5.8 -7.3
CNRG SPDR S&P Kensho Clean Power ETF 1.5 45 -15 1.0 -12.1
VPU Vanguard Utilities ETF 1.5 9 21 5.3 -7.8
FDHT Fidelity Digital Health ETF 1.5 39 -9 0.9 -12.2
TPYP Tortoise North American Pipeline Fund 1.5 40 -10 5.7 -7.4
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 -9 10.6 -2.5
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 -40 7.5 -5.6
RNRG Global X Renewable Energy Producers ETF 1.5 66 -36 1.4 -11.7
FRNW Fidelity Clean Energy ETF 1.5 39 -9 3.2 -9.9
VCLN Virtus Duff & Phelps Clean Energy ETF 1.5 59 -29 4.7 -8.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.5 55 -25 5.8 -7.3
ACES ALPS Clean Energy ETF 1.5 55 -25 -3.5 -16.6
FXU First Trust Utilities AlphaDEX Fund 1.5 64 -34 5.5 -7.6
TAN Invesco Solar ETF 1.5 67 -37 6.7 -6.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.5 70 -40 2.8 -10.3
MOO VanEck Agribusiness ETF 1.5 53 -23 10.5 -2.6
CVY Invesco Zacks Multi-Asset Income ETF 1.4 106 -76 12.3 -0.8
VFVA Vanguard U.S. Value Factor ETF 1.4 13 17 10.9 -2.2
IWC iShares Micro-Cap ETF 1.4 60 -30 -0.8 -13.9
FDM First Trust Dow Jones Select MicroCap Index Fund 1.3 60 -30 7.4 -5.7
IEZ iShares U.S. Oil Equipment & Services ETF 1.3 40 -10 5.0 -8.1
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 22 5.8 -7.3
VDC Vanguard Consumer Staples ETF 1.3 9 21 5.8 -7.3
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 -9 8.8 -4.3
VB Vanguard Small-Cap ETF 1.3 5 25 6.1 -7.0
BFOR ALPS Barron's 400 ETF 1.2 65 -35 6.0 -7.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.2 58 -28 -2.2 -15.3
VXF Vanguard Extended Market ETF 1.2 5 25 4.6 -8.4
XRT SPDR S&P Retail ETF 1.2 35 -5 8.2 -4.9
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 1.2 29 1 9.9 -3.2
QDEF FlexShares Quality Dividend Defensive Index Fund 1.1 37 -7 6.0 -7.1
RNMC First Trust Mid Cap US Equity Select ETF 1.1 60 -30 6.6 -6.5
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -41 0.4 -12.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 1.1 79 -49 4.4 -8.7
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.1 55 -25 10.1 -3.0
TTAC FCF US Quality ETF 1.1 59 -29 6.3 -6.8
NIXT Research Affiliates Deletions ETF 1.1 9 21 8.6 -4.5
GVLU Gotham 1000 Value ETF 1.1 50 -20 8.9 -4.1
DON WisdomTree U.S. MidCap Dividend Fund 1.1 38 -8 8.9 -4.2
ICLN iShares Global Clean Energy ETF 1.0 41 -11 5.0 -8.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.0 61 -31 6.5 -6.5
DEW WisdomTree Global High Dividend Fund 1.0 58 -28 8.3 -4.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.0 49 -19 4.6 -8.5
RNIN Bushido Capital US SMID Cap Equity ETF 1.0 70 -40 10.3 -2.8
UDI USCF Dividend Income Fund 1.0 65 -35 8.2 -4.9
VFQY Vanguard U.S. Quality Factor ETF 1.0 13 17 6.4 -6.7
FAN First Trust Global Wind Energy ETF 1.0 60 -30 4.6 -8.5
FMKT The Free Markets ETF 1.0 76 -46 1.5 -11.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.0 49 -19 11.2 -1.9
PRNT 3D Printing ETF 1.0 66 -36 1.3 -11.8
JSML Janus Henderson Small Cap Growth Alpha ETF 1.0 30 0 7.7 -5.4
GLRY Inspire Faithward Mid Cap Momentum ETF 1.0 80 -50 5.8 -7.2
WOOD iShares Global Timber & Forestry ETF 1.0 42 -12 12.1 -1.0
PXJ Invesco Oil & Gas Services ETF 1.0 63 -33 4.7 -8.4
DHS WisdomTree U.S. High Dividend Fund 1.0 38 -8 8.1 -5.0
MLPX Global X MLP & Energy Infrastructure ETF 1.0 45 -15 5.5 -7.6
EIPX FT Energy Income Partners Strategy ETF 1.0 95 -65 7.5 -5.6
EINC VanEck Energy Income ETF 1.0 48 -18 5.3 -7.8
PXI Invesco Dorsey Wright Energy Momentum ETF 1.0 60 -30 7.0 -6.1
USAI Pacer American Energy Independence ETF 1.0 75 -45 4.5 -8.5
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.0 55 -25 4.7 -8.4
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.0 59 -29 4.3 -8.8
QDF FlexShares Quality Dividend Index Fund 1.0 37 -7 6.1 -6.9
QLV FlexShares US Quality Low Volatility Index Fund 1.0 22 8 5.6 -7.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 23 6.0 -7.1
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 -12 6.6 -6.5
HKND Humankind US Stock ETF 0.9 11 19 7.1 -6.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.9 11 19 7.9 -5.2
VRAI Virtus Real Asset Income ETF 0.9 55 -25 10.0 -3.1
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.9 60 -30 2.0 -11.1
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 -19 6.6 -6.5
COWS Amplify Cash Flow Dividend Leaders ETF 0.9 0 30 11.8 -1.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.9 60 -30 7.3 -5.8
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.9 60 -30 5.3 -7.7
HLGE Hartford Longevity Economy ETF 0.9 44 -14 -0.4 -13.5
EZM WisdomTree U.S. MidCap Fund 0.9 38 -8 9.0 -4.0
OSCV Opus Small Cap Value ETF 0.8 79 -49 6.5 -6.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.8 25 5 5.6 -7.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -26 10.5 -2.6
SLX VanEck Steel ETF 0.8 56 -26 14.7 +1.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 10 2.4 -10.6
DXUV Dimensional US Vector Equity ETF 0.8 28 2 6.2 -6.9
LST Leuthold Select Industries ETF 0.8 91 -61 5.0 -8.1
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 17 2.9 -10.1
OIH VanEck Oil Services ETF 0.7 35 -5 4.8 -8.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -16 9.7 -3.4
RWR SPDR Dow Jones REIT ETF 0.7 25 5 7.5 -5.5
SDY SPDR S&P Dividend ETF 0.7 35 -5 6.7 -6.4
ZAP Global X U.S. Electrification ETF 0.7 50 -20 4.1 -9.0
USRT iShares Core U.S. REIT ETF 0.7 8 22 7.9 -5.2
VAW Vanguard Materials ETF 0.7 9 21 6.1 -7.0
FTXG First Trust Nasdaq Food & Beverage ETF 0.7 60 -30 7.5 -5.5
CGDG Capital Group Dividend Growers ETF 0.7 47 -17 6.2 -6.9
FMAT Fidelity MSCI Materials Index ETF 0.7 8 22 6.1 -6.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.7 6 24 2.9 -10.2
FRI First Trust S&P REIT Index Fund 0.7 50 -20 7.4 -5.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 6 8.1 -5.0
EBI Longview Advantage ETF 0.7 35 -5 6.5 -6.6
LQPE PEO AlphaQuest Thematic PE ETF 0.7 125 -95 5.1 -8.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.7 64 -34 2.2 -10.9
ACTV LeaderShares Activist Leaders ETF 0.7 75 -45 5.4 -7.7
RITA ETFB Green SRI REITs ETF 0.7 50 -20 5.9 -7.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.7 29 1 6.4 -6.7
PAVE Global X U.S. Infrastructure Development ETF 0.7 47 -17 5.3 -7.8
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 -15 7.8 -5.3
VNQ Vanguard Real Estate ETF 0.6 13 17 7.4 -5.7
NANR SPDR S&P North American Natural Resources ETF 0.6 35 -5 7.7 -5.4
RNSC Furst Trust Small Cap US Equity Select ETF 0.6 60 -30 6.0 -7.1
FSCS First Trust SMID Capital Strength ETF 0.6 60 -30 7.1 -6.0
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.6 60 -30 6.1 -7.0
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.6 70 -40 4.6 -8.4
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 18 8.0 -5.1
DFAR Dimensional US Real Estate ETF 0.6 19 11 8.1 -5.0
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 6.5 -6.5
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -65 5.3 -7.8
IHF iShares U.S. Healthcare Providers ETF 0.6 40 -10 8.4 -4.7
EIPI FT Energy Income Partners Enhanced Income ETF 0.6 110 -80 6.4 -6.7
SCHH Schwab U.S. REIT ETF 0.6 7 23 8.1 -5.0
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.6 25 5 11.0 -2.1
FCOM Fidelity MSCI Communication Services Index ETF 0.6 8 22 4.3 -8.8
FSST Fidelity Sustainable U.S. Equity ETF 0.6 59 -29 4.3 -8.8
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -20 6.9 -6.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -40 10.9 -2.1
VLU SPDR S&P 1500 Value Tilt ETF 0.5 12 18 7.4 -5.7
VBK Vanguard Small-Cap Growth ETF 0.5 7 23 1.9 -11.2
DTD WisdomTree U.S. Total Dividend Fund 0.5 28 2 6.3 -6.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -16 5.6 -7.4
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 3 8.8 -4.3
SFYX SoFi Next 500 ETF 0.5 0 30 5.7 -7.4
FTXN First Trust Nasdaq Oil & Gas ETF 0.5 60 -30 12.3 -0.7
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 10 -4.0 -17.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 10 6.8 -6.3
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.5 38 -8 6.3 -6.8
VOX Vanguard Communication Services ETF 0.5 9 21 4.4 -8.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.5 27 3 7.1 -6.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.4 20 10 9.5 -3.5
DFGR Dimensional Global Real Estate ETF 0.4 22 8 7.4 -5.7
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -59 4.8 -8.3
OPTZ Optimize Strategy Index ETF 0.4 50 -20 4.6 -8.5
REET iShares Global REIT ETF 0.4 14 16 7.4 -5.6
ERET iShares Environmentally Aware Real Estate ETF 0.4 30 0 7.3 -5.8
HWAY Themes US Infrastructure ETF 0.4 29 1 6.2 -6.9
DVY iShares Select Dividend ETF 0.4 38 -8 9.2 -3.9
IGE iShares North American Natural Resources ETF 0.4 41 -11 7.4 -5.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 13 5.5 -7.6
DFUV Dimensional US Marketwide Value ETF 0.4 22 8 7.5 -5.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 5 7.2 -5.9
IDU iShares U.S. Utilities ETF 0.4 40 -10 4.8 -8.3
SEIQ SEI Enhanced U.S. Large Cap Quality Factor ETF 0.4 15 15 7.6 -5.5
VYM Vanguard High Dividend Yield Index ETF 0.4 6 24 7.0 -6.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.4 30 0 8.3 -4.8
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 5 7.3 -5.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 -20 5.3 -7.8
AVUS Avantis U.S. Equity ETF 0.3 15 15 5.7 -7.4
DCOR Dimensional US Core Equity 1 ETF 0.3 14 16 5.3 -7.8
MADE iShares U.S. Manufacturing ETF 0.3 40 -10 5.1 -7.9
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 7 5.7 -7.3
HART IQ Healthy Hearts ETF 0.3 45 -15 6.7 -6.4
PKW Invesco Buyback Achievers ETF 0.3 62 -32 7.2 -5.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 10 7.7 -5.4
AVRE Avantis Real Estate ETF 0.3 17 13 7.1 -5.9
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 22 4.5 -8.6
FENY Fidelity MSCI Energy Index ETF 0.3 8 22 9.0 -4.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 17 5.7 -7.3
SAGP Strategas Global Policy Opportunities ETF 0.3 65 -35 5.4 -7.7
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 15 5.9 -7.2
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 12 5.3 -7.8
VDE Vanguard Energy ETF 0.3 9 21 8.8 -4.2
SCHD Schwab US Dividend Equity ETF 0.3 6 24 9.8 -3.3
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 26 6.6 -6.5
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 13 7.1 -6.0
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.3 43 -13 6.1 -7.0
HDUS Hartford Disciplined US Equity ETF 0.2 19 11 5.6 -7.5
GNR SPDR S&P Global Natural Resources ETF 0.2 40 -10 10.8 -2.3
OCEN IQ Clean Oceans ETF 0.2 45 -15 6.0 -7.0
VIS Vanguard Industrials ETF 0.2 9 21 4.5 -8.5
JAVA JPMorgan Active Value ETF 0.2 44 -14 6.4 -6.7
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 10 8.7 -4.4
SMMD iShares Russell 2500 ETF 0.2 15 15 6.1 -6.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.2 15 15 6.0 -7.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 -17 5.8 -7.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 15 5.3 -7.8
SXQG ETC 6 Meridian Quality Growth ETF 0.2 100 -70 4.7 -8.4
VEGN US Vegan Climate ETF 0.2 60 -30 4.4 -8.7
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 -9 6.7 -6.4
DFAU Dimensional US Core Equity Market ETF 0.2 12 18 5.0 -8.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 25 8.0 -5.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -9 12.2 -0.9
FDWM Fidelity Women's Leadership ETF 0.2 59 -29 4.8 -8.3
ROUS Hartford Multifactor US Equity ETF 0.2 19 11 7.0 -6.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 12 7.7 -5.4
TXS Texas Capital Texas Equity Index ETF 0.2 49 -19 5.6 -7.5
AFLG First Trust Active Factor Large Cap ETF 0.2 55 -25 6.3 -6.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 27 4.8 -8.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 27 5.1 -8.0
IWV iShares Russell 3000 ETF 0.2 20 10 4.7 -8.4
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -32 3.6 -9.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 7 6.8 -6.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 27 4.9 -8.1
VTI Vanguard Total Stock Market ETF 0.1 3 27 4.8 -8.3
VTHR Vanguard Russell 3000 ETF 0.1 7 23 4.8 -8.3
PFM Invesco Dividend Achievers ETF 0.1 53 -23 5.2 -7.9
ITB iShares U.S. Home Construction ETF 0.1 40 -10 10.5 -2.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 10 7.0 -6.1
REVS Columbia Research Enhanced Value ETF 0.1 19 11 7.6 -5.5
DFUS Dimensional U.S. Equity ETF 0.1 9 21 4.7 -8.3
REZ iShares Residential and Multisector Real Estate ETF 0.1 48 -18 6.5 -6.6
LRGF iShares U.S. Equity Factor ETF 0.1 8 22 5.4 -7.7
IWR iShares Russell Midcap ETF 0.1 19 11 5.8 -7.3
IYJ iShares U.S. Industrials ETF 0.1 40 -10 4.7 -8.4
DGRO iShares Core Dividend Growth ETF 0.1 8 22 6.5 -6.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 26 6.1 -7.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 9 3.6 -9.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 21 4.6 -8.4
VALQ American Century U.S. Quality Value ETF 0.1 29 1 7.7 -5.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 -5 1.0 -12.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 22 4.3 -8.8
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -15 10.6 -2.5
DIVB iShares Core Dividend ETF 0.1 5 25 8.2 -4.9
VIG Vanguard Dividend Appreciation ETF 0.1 5 25 5.5 -7.6
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 6.9 -6.2
VCR Vanguard Consumer Discretionary ETF 0.1 9 21 4.3 -8.8
VFH Vanguard Financials ETF 0.1 9 21 6.4 -6.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 18 4.5 -8.6
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 18 5.9 -7.2
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 15 7.8 -5.3
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -12 6.4 -6.7
STXV Strive 1000 Value ETF 0.1 18 12 8.0 -5.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 5 7.1 -6.0
VT Vanguard Total World Stock ETF 0.1 6 24 5.8 -7.3
RECS Columbia Research Enhanced Core ETF 0.1 15 15 5.6 -7.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 18 4.5 -8.6
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -17 7.3 -5.8
VHT Vanguard Health Care ETF 0.1 9 21 6.2 -6.9
CCMG CCM Global Equity ETF 0.1 34 -4 8.3 -4.7
STXM Strive Mid-Cap ETF 0.1 18 12 6.1 -7.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 21 5.6 -7.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 11 6.3 -6.8
DSI iShares MSCI KLD 400 Social ETF 0.1 25 5 4.8 -8.3
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 22 6.4 -6.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 18 6.5 -6.6
IWD iShares Russell 1000 Value ETF 0.0 19 11 6.4 -6.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 23 6.5 -6.6
IGPT Invesco AI and Next Gen Software ETF 0.0 60 -30 4.1 -9.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 15 4.6 -8.5
IUS Invesco RAFI Strategic US ETF 0.0 19 11 6.8 -6.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 2 5.4 -7.7
PTL Inspire 500 ETF 0.0 9 21 5.1 -7.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 15 4.8 -8.2
IEDI iShares U.S. Consumer Focused ETF 0.0 18 12 5.3 -7.8
IWB iShares Russell 1000 ETF 0.0 15 15 4.8 -8.3
VONE Vanguard Russell 1000 ETF 0.0 7 23 4.8 -8.2
IYY iShares Dow Jones U.S. ETF 0.0 20 10 4.7 -8.3
STXD Strive 1000 Dividend Growth ETF 0.0 35 -5 4.8 -8.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 19 4.8 -8.3
AVUQ Avantis U.S. Quality ETF 0.0 15 15 4.3 -8.8
SCHK Schwab 1000 Index ETF 0.0 5 25 4.9 -8.2
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 26 6.7 -6.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 10 5.0 -8.1
SCHX Schwab U.S. Large-Cap ETF 0.0 3 27 4.9 -8.2
ACVF American Conservative Values ETF 0.0 75 -45 4.3 -8.7
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 12 5.1 -8.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 18 4.4 -8.7

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 13.1 %
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.