ETF Research Center

Invesco S&P SmallCap Quality ETF

ALTAR
Score™

8.9%

Recommen-
dation

SPECULATIVE

2024E 2025E
P/E ratio	12.7x	P/Sales ratio	1.4x
P/BV ratio	2.2x	Div. yield	2.0%

Description
Performance
Comps
Fundamentals
Valuation
Rating

The Invesco S&P SmallCap Quality Portfolio tracks an index of US small-cap stocks selected by return on equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market cap.

FUND BASICS
Category	US Equities
Fund Sponsor	Invesco
Website	www.invesco.com
Inception date	Apr 03, 2017
Assets (mns)	$303
Currency	USD
Expense ratio	29 bp
Distributions	Quarterly

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

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	120
Wgt avg mkt cap (mns)	$3,818
Large cap (>$10bn)	0.0%
Mid cap ($2-10bn)	82.4%
Small cap (<$2bn)	17.0%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	23.0 %
MUELLER INDUSTRIES INC	3.8 %
JACKSON FINANCIAL INCORPORATION CL	2.8 %
ARMSTRONG WORLD INDUSTRIES	2.4 %
INSTALLED BUILDING PRODUCTS	2.1 %
BADGER METER INC	2.1 %
ALKERMES PLC	2.1 %
ARTISAN PARTNERS ASSET MA -A	2.1 %
KONTOOR BRANDS, INC.	2.0 %
BOISE CASCADE CO	1.8 %
FEDERAL SIGNAL CORP	1.7 %

TOP COUNTRY EXPOSURE
	UNITED STATES	95.8 %
	BERMUDA	2.9 %
	IRELAND	2.1 %
	PUERTO RICO	1.9 %

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.
7.1%	16.1%	11.7%	--	10.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.95	63%
MSCI EAFE	0.91	55%
MSCI Emg. Mkts.	0.62	24%

Technical Indicators
Recent close	$42.31
30d moving avg.	$41.14
Annualized volatility	21.5%
Short interest (ETF)	0.1%
Short interest (Underlying)	5.3%
Relative strength (RSI)	49

Liquidity measures
Avg. volume (thou.)	40
Turnover	0.6%
Bid/Ask (% of price)	0.29%
ADV underlying (mns)	$1,905

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 491 potential alternatives to the Invesco S&P SmallCap Quality ETF ETF based on the alternatives' overlap in portfolio holdings with XSHQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

XSHQ

Expense:

29 bp

ALTAR Score™:

8.9%

ALTERNATIVE ETFs BASED ON OVERLAP WITH XSHQ
Ticker	Fund Name	Overlap¹ vs XSHQ (%)	Expense ratio (bp)	Savings vs XSHQ (bp)	ALTAR Score™ (%)	ALTAR vs XSHQ (%)
XSMO	Invesco S&P SmallCap Momentum ETF	38.5	39	-10	7.6	-1.3
GRPZ	Invesco S&P SmallCap 600 GARP ETF	36.9	35	-6	10.5	+1.7
CALF	Pacer US Small Cap Cash Cows 100 ETF	33.3	59	-30	11.9	+3.1
IJT	iShares S&P Small-Cap 600 Growth ETF	32.1	18	11	6.4	-2.5
RZG	Invesco S&P Smallcap 600 Pure Growth ETF	30.9	35	-6	6.6	-2.2
SLYG	SPDR S&P 600 Small Cap Growth ETF	30.8	15	14	6.4	-2.4
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	30.7	15	14	6.4	-2.4
CAFG	Pacer US Small Cap Cash Cows Growth Leaders ETF	29.1	59	-30	6.7	-2.1
SIXS	ETC 6 Meridian Small Cap Equity ETF	24.7	89	-60	8.6	-0.3
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	24.7	15	14	7.7	-1.2
AFSM	First Trust Active Factor Small Cap ETF	23.7	75	-46	6.6	-2.3
ESIX	SPDR S&P SmallCap 600 ESG ETF	23.2	12	17	7.7	-1.2
PSCI	Invesco S&P SmallCap Industrials ETF	22.6	29	0	5.7	-3.2
XSVM	Invesco S&P SmallCap Value with Momentum ETF	22.4	36	-7	11.7	+2.8
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	22.3	35	-6	6.9	-2.0
SMCP	AlphaMark Actively Managed Small Cap ETF	22.1	90	-61	4.3	-4.5
XJR	iShares ESG Screened S&P Small-Cap ETF	22.1	12	17	7.2	-1.6
IJR	iShares Core S&P Small Cap ETF	21.9	6	23	7.4	-1.4
SPSM	SPDR Portfolio S&P 600 Small Cap ETF	21.1	3	26	7.5	-1.4
VIOO	Vanguard S&P Small-Cap 600 ETF	21.1	10	19	7.4	-1.5
PSCF	Invesco S&P SmallCap Financials ETF	21.0	29	0	8.9	+0.0
XSLV	Invesco S&P SmallCap Low Volatility ETF	20.5	25	4	6.9	-2.0
PSCD	Invesco S&P SmallCap Consumer Discretionary ETF	20.3	29	0	10.5	+1.6
SSLY	Syntax Stratified SmallCap ETF	19.2	40	-11	7.3	-1.6
SQLV	Royce Quant Small-Cap Quality Value ETF	19.1	60	-31	7.5	-1.3
DSMC	Distillate Small/Mid Cash Flow ETF	19.0	55	-26	11.9	+3.0
AVUV	Avantis U.S. Small Cap Value ETF	18.9	25	4	9.4	+0.5
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	18.1	39	-10	6.2	-2.7
TPSC	Timothy Plan US Small Cap Core ETF	18.0	52	-23	6.9	-1.9
ROSC	Hartford Multifactor Small Cap ETF	17.2	34	-5	8.9	+0.1
VAMO	Cambria Value & Momentum ETF	16.9	61	-32	9.3	+0.5
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	16.8	29	0	6.8	-2.1
CSA	VictoryShares US Small Cap Volatility Wtd ETF	16.6	35	-6	6.5	-2.3
CSF	VictoryShares US Discovery Enhanced Volatility Wtd ETF	16.6	42	-13	6.5	-2.4
PSC	Principal U.S. Small-Cap ETF	16.5	38	-9	6.2	-2.7
RWJ	Invesco S&P SmallCap 600 Revenue ETF	16.4	39	-10	8.5	-0.4
SVAL	iShares US Small Cap Value Factor ETF	14.6	20	9	10.5	+1.6
JSML	Janus Henderson Small Cap Growth Alpha ETF	14.2	30	-1	7.0	-1.9
DGRS	WisdomTree US Smallcap Quality Dividend Growth Fund	14.2	38	-9	5.4	-3.5
FYX	First Trust Small Cap Core AlphaDEX Fund	14.1	61	-32	5.8	-3.1
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	14.1	20	9	4.8	-4.1
FYC	First Trust Small Cap Growth AlphaDEX Fund	14.0	71	-42	0.4	-8.5
RNMC	First Trust Mid Cap US Equity Select ETF	13.7	60	-31	6.3	-2.6
FSCS	First Trust SMID Capital Strength ETF	13.5	60	-31	6.5	-2.4
FYT	First Trust Small Cap Value AlphaDEX Fund	13.4	73	-44	10.2	+1.3
FESM	Fidelity Enhanced Small Cap ETF	13.4	28	1	1.8	-7.0
CSML	IndexIQ ETF Trust IQ U.S. Small Cap ETF	12.8	35	-6	4.7	-4.2
AVSC	Avantis U.S Small Cap Equity ETF	12.7	25	4	4.9	-4.0
DES	WisdomTree U.S. SmallCap Dividend Fund	12.6	38	-9	7.1	-1.7
RNSC	Furst Trust Small Cap US Equity Select ETF	12.6	60	-31	7.1	-1.7
IJS	iShares S&P Small-Cap 600 Value ETF	11.9	18	11	8.4	-0.5
SLYV	SPDR S&P 600 Small Cap Value ETF	11.6	15	14	8.4	-0.5
VIOV	Vanguard S&P Small-Cap 600 Value ETF	11.6	15	14	8.4	-0.4
IWO	iShares Russell 2000 Growth ETF	11.4	24	5	0.7	-8.2
VTWG	Vanguard Russell 2000 Growth ETF	11.4	15	14	0.7	-8.1
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	11.3	9	20	3.5	-5.3
VFMF	Vanguard U.S. Multifactor ETF	11.2	18	11	8.7	-0.2
ECML	Euclidean Fundamental Value ETF	11.1	95	-66	13.0	+4.2
BFOR	ALPS Barron's 400 ETF	11.1	65	-36	6.4	-2.5
EES	WisdomTree U.S. SmallCap Fund	11.0	38	-9	9.4	+0.6
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	10.6	60	-31	9.6	+0.7
BKSE	BNY Mellon US Small Cap Core Equity ETF	10.4	4	25	5.0	-3.9
ZIG	Acquirers Fund	10.1	84	-55	14.4	+5.6
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	10.0	25	4	7.6	-1.3
DWAS	Invesco Dorsey Wright SmallCap Momentum ETF	10.0	60	-31	1.6	-7.2
VFQY	Vanguard U.S. Quality Factor ETF	9.9	13	16	7.4	-1.5
SURE	AdvisorShares Insiders Advantage ETF	9.8	90	-61	10.1	+1.3
SYLD	Cambria Shareholder Yield ETF	9.8	59	-30	11.4	+2.6
FSMD	Fidelity Small-Mid Multifactor ETF	9.8	15	14	7.1	-1.7
NUSC	Nuveen ESG Small-Cap ETF	9.7	31	-2	5.2	-3.7
DEEP	Roundhill Acquirers Deep Value ETF	9.7	80	-51	14.9	+6.1
RSSL	Global X Russell 2000 ETF	9.6	8	21	2.8	-6.1
VTWO	Vanguard Russell 2000 ETF	9.5	10	19	3.1	-5.8
IWM	iShares Russell 2000 ETF	9.5	19	10	3.0	-5.9
SMDV	ProShares Russell 2000 Dividend Growers ETF	9.4	40	-11	6.7	-2.1
STXK	Strive Small-Cap ETF	9.2	18	11	4.9	-4.0
DFAS	Dimensional U.S. Small Cap ETF	9.1	26	3	5.8	-3.1
FNK	First Trust Mid Cap Value AlphaDEX Fund	9.1	70	-41	10.4	+1.5
SIXL	ETC 6 Meridian Low Beta Equity ETF	9.0	80	-51	4.4	-4.5
DFAT	Dimensional U.S. Targeted Value ETF	8.8	28	1	8.4	-0.5
PSCH	Invesco S&P SmallCap Health Care ETF	8.8	29	0	4.9	-4.0
ISMD	Inspire Small/Mid Cap ETF	8.7	54	-25	5.4	-3.4
OUSM	ALPS O'Shares US Small-Cap Quality Dividend ETF	8.6	48	-19	4.9	-3.9
KBE	SPDR S&P Bank ETF	8.3	35	-6	9.2	+0.4
FIW	First Trust Water ETF	8.2	53	-24	4.5	-4.4
JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	8.2	30	-1	5.7	-3.1
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	8.1	39	-10	4.3	-4.6
FNDA	Schwab Fundamental US Small Co. Index ETF	8.1	25	4	6.3	-2.6
IWN	iShares Russell 2000 Value ETF	7.8	24	5	5.0	-3.9
VTWV	Vanguard Russell 2000 Value ETF	7.8	15	14	5.1	-3.8
SMLV	SPDR SSGA US Small Cap Low Volatility Index ETF	7.7	12	17	7.6	-1.2
BSVO	EA Bridgeway Omni Small-Cap Value ETF	7.7	47	-18	9.0	+0.1
QVAL	Alpha Architect US Quantitative Value ETF	7.6	39	-10	11.0	+2.1
JHSC	John Hancock Multifactor Small Cap ETF	7.5	42	-13	6.8	-2.0
SMLF	iShares U.S. SmallCap Equity Factor ETF	7.5	15	14	5.2	-3.6
AIRR	First Trust RBA American Industrial Renaissance ETF	7.4	70	-41	5.2	-3.7
EZM	WisdomTree U.S. MidCap Fund	7.4	38	-9	7.8	-1.1
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd ETF	7.0	35	-6	5.7	-3.2
SCHA	Schwab U.S. Small-Cap ETF	6.9	4	25	4.3	-4.5
FNX	First Trust Mid Cap Core AlphaDEX Fund	6.9	60	-31	7.1	-1.8
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	6.7	24	5	7.3	-1.6
AFMC	First Trust Active Factor Mid Cap ETF	6.6	65	-36	7.1	-1.7
VUSE	Vident U.S. Equity Strategy ETF	6.5	50	-21	3.3	-5.6
DFSV	Dimensional US Small Cap Value ETF	6.5	31	-2	8.9	+0.1
ISCV	iShares Morningstar Small Cap Value ETF	6.2	6	23	7.6	-1.3
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	6.2	20	9	4.2	-4.7
RDVY	First Trust Rising Dividend Achievers ETF	6.2	50	-21	9.5	+0.7
KRE	SPDR S&P Regional Banking ETF	6.2	35	-6	9.4	+0.5
KCE	SPDR S&P Capital Markets ETF	6.1	35	-6	6.6	-2.3
PSCM	Invesco S&P SmallCap Materials ETF	6.1	29	0	8.7	-0.2
RZV	Invesco S&P Smallcap 600 Pure Value ETF	6.0	35	-6	9.7	+0.8
ISCB	iShares Morningstar Small-Cap ETF	5.9	4	25	5.0	-3.8
ETHO	Etho Climate Leadership U.S. ETF	5.9	47	-18	3.5	-5.4
FAB	First Trust Multi Cap Value AlphaDEX Fund	5.8	67	-38	9.1	+0.3
XRT	SPDR S&P Retail ETF	5.7	35	-6	9.7	+0.9
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	5.6	17	12	5.1	-3.7
ISCG	iShares Morningstar Small-Cap Growth ETF	5.5	6	23	2.4	-6.5
FNY	First Trust Mid Cap Growth AlphaDEX Fund	5.4	70	-41	2.9	-6.0
PHO	Invesco Water Resources ETF	5.4	60	-31	4.2	-4.7
GVLU	Gotham 1000 Value ETF	5.2	50	-21	7.2	-1.7
PSCT	Invesco S&P SmallCap Information Technology ETF	5.2	29	0	5.5	-3.4
QABA	First Trust NASDAQ ABA Community Bank Index Fund	5.2	60	-31	8.2	-0.7
VFMO	Vanguard U.S. Momentum Factor ETF	5.1	13	16	2.3	-6.6
PXI	Invesco Dorsey Wright Energy Momentum ETF	4.9	60	-31	6.4	-2.4
BOUT	Innovator IBD Breakout Opportunities ETF	4.7	81	-52	5.0	-3.9
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	4.7	95	-66	1.6	-7.3
IFRA	iShares U.S. Infrastructure ETF	4.7	30	-1	6.2	-2.7
FAD	First Trust Multi Cap Growth AlphaDEX Fund	4.6	64	-35	2.1	-6.8
XHB	SPDR S&P Homebuilders ETF	4.4	35	-6	9.7	+0.8
CGW	Invesco S&P Global Water Index ETF	4.3	57	-28	3.7	-5.1
HOMZ	Hoya Capital Housing ETF	4.1	30	-1	6.6	-2.2
VXF	Vanguard Extended Market ETF	3.9	6	23	4.0	-4.9
HSMV	First Trust Horizon Managed Volatility Small/Mid ETF	3.9	80	-51	6.1	-2.8
VBK	Vanguard Small-Cap Growth ETF	3.8	7	22	1.4	-7.5
EFRA	iShares Environmental Infrastructure and Industrials ETF	3.8	47	-18	4.6	-4.2
EBLU	Ecofin Global Water ESG Fund	3.8	40	-11	4.0	-4.9
VFVA	Vanguard U.S. Value Factor ETF	3.8	13	16	10.4	+1.5
OSCV	Opus Small Cap Value ETF	3.8	79	-50	6.0	-2.9
VB	Vanguard Small-Cap ETF	3.8	5	24	5.2	-3.7
KIE	SPDR S&P Insurance ETF	3.7	35	-6	6.3	-2.6
VBR	Vanguard Small Cap Value ETF	3.7	7	22	7.8	-1.0
ITB	iShares U.S. Home Construction ETF	3.7	40	-11	9.7	+0.8
XME	SPDR S&P Metals & Mining ETF	3.7	35	-6	8.9	+0.0
HLGE	Hartford Longevity Economy ETF	3.6	44	-15	6.0	-2.8
KBWD	Invesco KBW High Dividend Yield Financial ETF	3.6	384	-355	9.1	+0.3
SBIO	ALPS Medical Breakthroughs ETF	3.6	50	-21	-2.9	-11.8
FBT	First Trust NYSE Arca Biotechnology Index Fund	3.6	56	-27	2.7	-6.2
BSCFX	Baron Small Cap Retail	3.5	75	-46	3.4	-5.4
AQWA	Global X Clean Water ETF	3.4	50	-21	4.1	-4.7
IWTR	iShares MSCI Water Management Multisector ETF	3.4	47	-18	5.0	-3.9
NVIR	Horizon Kinetics Energy and Remediation ETF	3.4	85	-56	1.9	-6.9
XHS	SPDR S&P Health Care Services ETF	3.3	35	-6	5.9	-2.9
SNSR	Global X Internet of Things ETF	3.2	68	-39	4.6	-4.3
PKB	Invesco Building & Construction ETF	3.2	62	-33	5.6	-3.3
DON	WisdomTree U.S. MidCap Dividend Fund	3.2	38	-9	8.1	-0.7
PFI	Invesco Dorsey Wright Financial Momentum ETF	3.2	60	-31	6.9	-2.0
WCEO	Hypatia Women CEO ETF	3.2	85	-56	4.6	-4.2
CVY	Invesco Zacks Multi-Asset Income ETF	3.1	106	-77	11.4	+2.5
PAVE	Global X U.S. Infrastructure Development ETF	3.0	47	-18	5.6	-3.3
COWS	Amplify Cash Flow Dividend Leaders ETF	3.0	0	29	11.4	+2.5
IWC	iShares Micro-Cap ETF	2.9	60	-31	-5.2	-14.1
FLRG	Fidelity U.S. Multifactor ETF	2.9	15	14	7.5	-1.4
PRN	Invesco Dorsey Wright Industrials Momentum ETF	2.8	60	-31	2.9	-6.0
QQQS	Invesco NASDAQ Future Gen 200 ETF	2.8	20	9	-9.0	-17.8
PYZ	Invesco Dorsey Wright Basic Materials Momentum ETF	2.7	60	-31	6.3	-2.6
XPH	SPDR S&P Pharmaceuticals ETF	2.7	35	-6	5.1	-3.7
GDIV	Harbor Dividend Growth Leaders ETF	2.7	50	-21	5.6	-3.3
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	2.7	7	22	5.6	-3.2
VFMV	Vanguard U.S. Minimum Volatility ETF	2.7	13	16	5.0	-3.9
PEZ	Invesco Dorsey Wright Consumer Cyclicals Momentum ETF	2.6	60	-31	5.1	-3.7
TDV	ProShares S&P Technology Dividend Aristocrats ETF	2.5	45	-16	5.5	-3.4
FCPI	Fidelity Stocks for Inflation ETF	2.5	15	14	8.5	-0.4
IHE	iShares U.S. Pharmaceuticals ETF	2.5	40	-11	8.0	-0.8
DFRA	Donoghue Forlines Yield Enhanced Real Asset ETF	2.4	69	-40	8.5	-0.4
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETF	2.4	30	-1	10.6	+1.7
FXO	First Trust Financials AlphaDEX Fund	2.4	62	-33	8.0	-0.9
AUSF	Global X Adaptive U.S. Factor ETF	2.3	27	2	8.6	-0.2
MBOX	Freedom Day Dividend ETF	2.3	39	-10	7.4	-1.5
DHS	WisdomTree U.S. High Dividend Fund	2.2	38	-9	7.9	-1.0
MGMT	Ballast Small/Mid Cap ETF	2.2	110	-81	7.9	-1.0
KBWR	Invesco KBW Regional Banking ETF	2.2	35	-6	8.8	-0.0
SIMS	SPDR S&P Kensho Intelligent Structures ETF	2.1	45	-16	-7.3	-16.2
AHOY	Newday Ocean Health ETF	2.1	75	-46	5.7	-3.2
PSIL	AdvisorShares Psychedelics ETF	2.1	99	-70	-1.9	-10.7
IBRN	iShares Neuroscience and Healthcare ETF	2.1	47	-18	-5.0	-13.9
MEDX	Horizon Kinetics Medical ETF	2.1	85	-56	-0.4	-9.2
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	2.1	25	4	5.4	-3.5
TTAC	FCF US Quality ETF	2.1	59	-30	6.3	-2.5
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	2.0	79	-50	5.5	-3.3
XSW	SPDR S&P Software & Services ETF	2.0	35	-6	2.0	-6.8
FDHT	Fidelity Digital Health ETF	2.0	39	-10	-2.2	-11.1
AVUS	Avantis U.S. Equity ETF	2.0	15	14	5.8	-3.0
CCSO	Carbon Collective Climate Solutions US Equity ETF	2.0	35	-6	2.2	-6.7
FSMO	Fidelity Small-Mid Cap Opportunities ETF	2.0	60	-31	6.3	-2.6
XOP	SPDR S&P Oil & Gas Exploration & Production ETF	1.9	35	-6	10.2	+1.4
SMOG	VanEck Low Carbon Energy ETF	1.9	61	-32	2.6	-6.2
BPAY	BlackRock Future Financial and Technology ETF	1.9	70	-41	8.9	+0.0
AMID	Argent Mid Cap ETF Argent Mid Cap ETF	1.8	52	-23	6.6	-2.3
IPDP	Dividend Performers ETF	1.8	122	-93	5.2	-3.6
FVD	First Trust Value Line Dividend Index Fund	1.8	65	-36	5.9	-3.0
QDEF	FlexShares Quality Dividend Defensive Index Fund	1.8	37	-8	4.0	-4.8
IAK	iShares U.S. Insurance ETF	1.8	40	-11	5.9	-3.0
PSCU	Invesco S&P SmallCap Utilities & Communication Services ETF	1.8	29	0	5.4	-3.5
DFAC	Dimensional U.S. Core Equity 2 ETF	1.7	17	12	5.5	-3.3
RSHO	Tema American Reshoring ETF	1.7	75	-46	3.6	-5.3
QDF	FlexShares Quality Dividend Index Fund	1.7	37	-8	4.3	-4.6
FTXO	First Trust Nasdaq Bank ETF	1.7	60	-31	9.3	+0.4
PJP	Invesco Pharmaceuticals ETF	1.7	57	-28	7.6	-1.3
TXS	Texas Capital Texas Equity Index ETF	1.7	49	-20	5.2	-3.7
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	1.6	8	21	4.8	-4.1
PXE	Invesco Energy Exploration & Production ETF	1.6	60	-31	14.0	+5.1
ERTH	Invesco MSCI Sustainable Future ETF	1.6	62	-33	3.1	-5.7
VCR	Vanguard Consumer Discretionary ETF	1.6	10	19	4.7	-4.2
SFYX	SoFi Next 500 ETF	1.6	0	29	4.9	-4.0
ROUS	Hartford Multifactor US Equity ETF	1.6	19	10	6.7	-2.1
SAGP	Strategas Global Policy Opportunities ETF	1.6	65	-36	5.2	-3.6
FIVG	Defiance Next Gen Connectivity ETF	1.6	30	-1	6.2	-2.7
SIXG	Defiance Connective Technologies ETF	1.6	30	-1	6.3	-2.6
UDI	USCF Dividend Income Fund	1.6	65	-36	7.4	-1.5
PXJ	Invesco Oil & Gas Services ETF	1.6	63	-34	3.6	-5.3
ROBO	ROBO Global Robotics & Automation Index ETF	1.5	95	-66	3.7	-5.2
DFUV	Dimensional US Marketwide Value ETF	1.5	22	7	7.5	-1.4
FTXN	First Trust Nasdaq Oil & Gas ETF	1.5	60	-31	8.3	-0.6
BECO	BlackRock Future Climate and Sustainable Economy ETF	1.5	70	-41	11.2	+2.4
KOMP	SPDR S&P Kensho New Economies Composite ETF	1.5	20	9	1.1	-7.7
FMAT	Fidelity MSCI Materials Index ETF	1.4	8	21	6.4	-2.5
FCG	First Trust Natural Gas ETF	1.4	60	-31	13.4	+4.5
FTIF	First Trust Bloomberg Inflation Sensitive Equity ETF	1.4	60	-31	8.7	-0.1
MADE	iShares U.S. Manufacturing ETF	1.4	40	-11	5.7	-3.1
FFTY	Innovator IBD 50 ETF	1.4	80	-51	-0.1	-8.9
DFSU	Dimensional US Sustainability Core 1 ETF	1.4	18	11	5.6	-3.3
BOTZ	Global X Robotics & Artificial Intelligence ETF	1.3	69	-40	2.6	-6.2
DCOR	Dimensional US Core Equity 1 ETF	1.3	14	15	5.5	-3.4
RUNN	Running Oak Efficient Growth ETF	1.3	58	-29	4.8	-4.0
PBJ	Invesco Food & Beverage ETF	1.3	57	-28	5.2	-3.7
JSTC	Adasina Social Justice All Cap Global ETF	1.3	89	-60	4.8	-4.1
FIDU	Fidelity MSCI Industrial Index ETF	1.2	8	21	4.6	-4.2
GLRY	Inspire Faithward Mid Cap Momentum ETF	1.2	80	-51	8.1	-0.8
SLX	VanEck Steel ETF	1.2	56	-27	21.8	+13.0
PTH	Invesco Dorsey Wright Healthcare Momentum ETF	1.2	60	-31	-2.4	-11.2
ACSI	American Customer Satisfaction ETF	1.2	65	-36	4.5	-4.4
IHF	iShares U.S. Healthcare Providers ETF	1.2	40	-11	5.9	-3.0
CGV	Conductor Global Equity Value ETF	1.2	130	-101	10.9	+2.0
VAW	Vanguard Materials ETF	1.2	10	19	6.3	-2.6
QLV	FlexShares US Quality Low Volatility Index Fund	1.2	22	7	3.8	-5.1
FTXR	First Trust Nasdaq Transportation ETF	1.2	60	-31	5.2	-3.7
FSTA	FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF	1.2	8	21	5.8	-3.1
VIS	Vanguard Industrials ETF	1.1	10	19	4.3	-4.5
MOO	VanEck Agribusiness ETF	1.1	53	-24	9.5	+0.6
DAT	ProShares Big Data Refiners ETF	1.1	58	-29	2.4	-6.5
VERS	ProShares Metaverse ETF	1.1	58	-29	-16.3	-25.2
PKW	Invesco Buyback Achievers ETF	1.1	62	-33	6.9	-2.0
LSAF	LeaderShares AlphaFactor US Core Equity ETF	1.1	75	-46	7.0	-1.8
OIH	VanEck Oil Services ETF	1.1	35	-6	2.4	-6.5
IEZ	iShares U.S. Oil Equipment & Services ETF	1.1	40	-11	2.4	-6.5
XES	SPDR S&P Oil & Gas Equipment & Services ETF	1.1	35	-6	-0.2	-9.1
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.1	29	0	6.5	-2.4
XBI	SPDR S&P BIOTECH ETF	1.1	35	-6	-3.3	-12.2
SMIG	AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.1	60	-31	5.8	-3.0
FNCL	Fidelity MSCI Financials Index ETF	1.1	8	21	6.1	-2.8
XITK	SPDR FactSet Innovative Technology ETF	1.1	45	-16	2.7	-6.2
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	1.1	40	-11	10.2	+1.3
VLU	SPDR S&P 1500 Value Tilt ETF	1.0	12	17	6.9	-1.9
VFH	Vanguard Financials ETF	1.0	10	19	6.1	-2.7
SCHD	Schwab US Dividend Equity ETF	1.0	6	23	9.1	+0.3
VDC	Vanguard Consumer Staples ETF	1.0	10	19	5.8	-3.1
PUI	Invesco Dorsey Wright Utilities Momentum ETF	1.0	60	-31	5.7	-3.2
HDUS	Hartford Disciplined US Equity ETF	1.0	19	10	6.0	-2.8
FDIV	MarketDesk Focused U.S. Dividend ETF	1.0	35	-6	4.9	-4.0
FTXH	First Trust Nasdaq Pharmaceuticals ETF	1.0	60	-31	8.1	-0.7
QGRO	American Century U.S. Quality Growth ETF	1.0	29	0	4.7	-4.2
FENY	Fidelity MSCI Energy Index ETF	1.0	8	21	7.3	-1.5
ACES	ALPS Clean Energy ETF	0.9	55	-26	-3.4	-12.2
FLDZ	RiverNorth Patriot ETF	0.9	75	-46	5.5	-3.4
FVAL	Fidelity Value Factor ETF	0.9	15	14	7.2	-1.6
SXQG	ETC 6 Meridian Quality Growth ETF	0.9	100	-71	4.0	-4.9
TMFX	Motley Fool Next Index ETF	0.9	50	-21	3.0	-5.9
AVLV	Avantis U.S. Large Cap Value ETF	0.9	15	14	7.4	-1.5
FPX	First Trust US Equity Opportunities ETF	0.9	61	-32	2.1	-6.8
VDE	Vanguard Energy ETF	0.9	10	19	7.3	-1.6
CZA	Invesco Zacks Mid-Cap ETF	0.9	72	-43	6.3	-2.6
FPRO	Fidelity Real Estate Investment ETF	0.9	59	-30	4.5	-4.4
IBBQ	Invesco Nasdaq Biotechnology ETF	0.9	19	10	0.8	-8.1
EIPX	FT Energy Income Partners Strategy ETF	0.8	95	-66	6.9	-2.0
FDWM	Fidelity Women's Leadership ETF	0.8	59	-30	4.7	-4.2
DTD	WisdomTree U.S. Total Dividend Fund	0.8	28	1	6.1	-2.7
FNDB	Schwab Fundamental US Broad Market Index ETF	0.8	25	4	6.8	-2.1
HKND	Humankind US Stock ETF	0.8	11	18	7.0	-1.9
CNRG	SPDR S&P Kensho Clean Power ETF	0.8	45	-16	2.7	-6.2
SOCL	Global X Social Media ETF	0.8	65	-36	-6.5	-15.4
CSD	Invesco S&P Spin-Off ETF	0.8	65	-36	9.2	+0.4
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.7	61	-32	6.4	-2.5
ONLN	ProShares Online Retail ETF	0.7	58	-29	3.5	-5.3
DFAU	Dimensional US Core Equity Market ETF	0.7	12	17	5.2	-3.6
VIDI	Vident International Equity Strategy ETF	0.7	61	-32	10.5	+1.6
FDFF	Fidelity Disruptive Finance ETF	0.7	50	-21	4.6	-4.2
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.7	65	-36	1.2	-7.6
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	0.7	40	-11	5.1	-3.7
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.7	39	-10	-2.0	-10.9
ISRA	VanEck Israel ETF	0.7	59	-30	8.7	-0.2
FINX	Global X FinTech ETF	0.7	68	-39	3.2	-5.7
ITEQ	BlueStar Israel Technology ETF	0.7	75	-46	1.3	-7.6
AIEQ	AI Powered Equity ETF	0.7	75	-46	1.8	-7.1
IEDI	iShares U.S. Consumer Focused ETF	0.7	18	11	5.1	-3.7
LUXX	Roundhill S&P Global Luxury ETF	0.7	45	-16	3.1	-5.7
ONEQ	Fidelity Nasdaq Composite Index ETF	0.7	21	8	4.0	-4.9
EVX	VanEck Environmental Services ETF	0.6	55	-26	3.4	-5.5
SDY	SPDR S&P Dividend ETF	0.6	35	-6	5.8	-3.1
WBIY	WBI Power Factor High Dividend ETF	0.6	100	-71	10.4	+1.5
RFDA	RiverFront Dynamic US Dividend Advantage ETF	0.6	52	-23	5.8	-3.1
GURU	Global X Guru Index ETF	0.6	75	-46	1.8	-7.1
VALQ	American Century U.S. Quality Value ETF	0.6	29	0	7.3	-1.6
CVAR	Cultivar ETF	0.6	87	-58	6.6	-2.3
ROKT	SPDR S&P Kensho Final Frontiers ETF	0.6	45	-16	2.7	-6.1
GINN	Goldman Sachs Innovate Equity ETF	0.6	52	-23	2.9	-6.0
DRLL	Strive U.S. Energy ETF	0.5	41	-12	8.5	-0.4
DIVY	Sound Equity Dividend Income ETF	0.5	45	-16	10.2	+1.3
PBE	Invesco Biotechnology & Genome ETF	0.5	58	-29	-0.5	-9.4
SPTM	SPDR Portfolio S&P 1500 Composite Stock Market ETF	0.5	3	26	5.3	-3.6
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.5	39	-10	13.2	+4.4
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.5	68	-39	-0.1	-9.0
XHE	SPDR S&P Health Care Equipment ETF	0.5	35	-6	1.5	-7.4
DFNV	Donoghue Forlines Innovation ETF	0.5	69	-40	4.8	-4.1
DFUS	Dimensional U.S. Equity ETF	0.5	9	20	5.0	-3.8
FDM	First Trust Dow Jones Select MicroCap Index Fund	0.5	60	-31	7.4	-1.5
ITOT	iShares Core S&P Total U.S. Stock Market ETF	0.5	3	26	5.0	-3.9
BBP	Virtus LifeSci Biotech Products ETF	0.5	79	-50	0.0	-8.9
FELV	Fidelity Enhanced Large Cap Value ETF	0.5	18	11	6.5	-2.3
IWV	iShares Russell 3000 ETF	0.5	20	9	4.8	-4.1
VTI	Vanguard Total Stock Market ETF	0.5	3	26	4.9	-3.9
KBWP	Invesco KBW Property & Casualty Insurance ETF	0.5	35	-6	5.8	-3.1
BDFIX	Baron Discovery	0.5	75	-46	0.2	-8.6
VTHR	Vanguard Russell 3000 ETF	0.5	10	19	4.9	-4.0
MMTM	SPDR S&P 1500 Momentum Tilt ETF	0.5	12	17	4.6	-4.2
SCHB	Schwab U.S. Broad Market ETF	0.5	3	26	5.0	-3.8
TINY	ProShares Nanotechnology ETF	0.5	58	-29	1.7	-7.2
PSI	Invesco Semiconductors ETF	0.5	57	-28	4.8	-4.1
VYM	Vanguard High Dividend Yield Index ETF	0.5	6	23	7.0	-1.9
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	0.5	15	14	4.4	-4.5
FDL	First Trust Morningstar Dividend Leaders Index Fund	0.5	45	-16	8.8	-0.0
BOAT	SonicShares Global Shipping ETF	0.4	69	-40	33.9	+25.1
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.4	85	-56	9.1	+0.2
IBB	iShares Biotechnology ETF	0.4	45	-16	0.4	-8.4
PRF	Invesco FTSE RAFI US 1000 ETF	0.4	39	-10	7.0	-1.9
IGE	iShares North American Natural Resources ETF	0.4	41	-12	7.0	-1.9
STCE	Schwab Crypto Thematic ETF	0.4	30	-1	-1.0	-9.8
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	0.4	68	-39	2.4	-6.5
BLOK	Amplify Transformational Data Sharing ETF	0.4	75	-46	0.2	-8.6
BCDF	Horizon Kinetics Blockchain Development ETF	0.4	85	-56	4.7	-4.2
ESGV	Vanguard ESG U.S. Stock ETF	0.4	9	20	4.9	-4.0
BUG	Global X Cybersecurity ETF	0.4	51	-22	2.2	-6.7
IHAK	iShares Cybersecurity & Tech ETF	0.4	47	-18	3.2	-5.7
FITE	SPDR S&P Kensho Future Security ETF	0.4	45	-16	2.4	-6.5
SPAM	Themes Cybersecurity ETF	0.4	35	-6	2.0	-6.9
PPTY	US Diversified Real Estate ETF	0.4	53	-24	5.5	-3.4
DEW	WisdomTree Global High Dividend Fund	0.4	58	-29	8.5	-0.3
FTXG	First Trust Nasdaq Food & Beverage ETF	0.4	60	-31	6.2	-2.6
SCAP	InfraCap Small Cap Income ETF	0.4	135	-106	8.9	+0.1
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.4	70	-41	9.7	+0.8
PEJ	Invesco Leisure and Entertainment ETF	0.4	58	-29	0.3	-8.5
AGNG	Global X Aging Population ETF	0.4	50	-21	3.8	-5.0
FHLC	Fidelity MSCI Health Care Index ETF	0.4	8	21	5.4	-3.5
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	0.4	15	14	9.6	+0.8
SSPX	Janus Henderson U.S. Sustainable Equity ETF	0.4	55	-26	4.2	-4.7
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	0.4	15	14	6.7	-2.2
FBCG	Fidelity Blue Chip Growth ETF	0.4	59	-30	2.9	-5.9
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	0.3	15	14	5.9	-3.0
GQRE	FlexShares Global Quality Real Estate Index Fund	0.3	45	-16	5.8	-3.0
VHT	Vanguard Health Care ETF	0.3	10	19	5.2	-3.7
APUE	ActivePassive U.S. Equity ETF	0.3	45	-16	4.9	-4.0
FQAL	Fidelity Quality Factor ETF	0.3	15	14	5.8	-3.0
FUTY	Fidelity MSCI Utilities Index ETF	0.3	8	21	5.5	-3.4
LRGF	iShares U.S. Equity Factor ETF	0.3	8	21	5.8	-3.1
FLQL	Franklin LibertyQ U.S. Equity ETF	0.3	15	14	5.9	-3.0
VIG	Vanguard Dividend Appreciation ETF	0.3	6	23	5.6	-3.3
TRFM	AAM Transformers ETF	0.3	49	-20	1.4	-7.5
FILL	iShares MSCI Global Energy Producers ETF	0.3	39	-10	10.5	+1.6
USMF	WisdomTree U.S. Multifactor Fund	0.3	28	1	7.4	-1.5
JRNY	ALPS Global Travel Beneficiaries ETF	0.3	65	-36	-1.3	-10.1
RNEW	VanEck Green Infrastructure ETF	0.3	45	-16	-1.5	-10.4
PBW	Invesco WilderHill Clean Energy ETF	0.3	66	-37	-12.9	-21.8
ICLN	iShares Global Clean Energy ETF	0.3	41	-12	4.7	-4.2
VEGI	iShares MSCI Agriculture Producers ETF	0.3	39	-10	9.4	+0.6
MEDI	Harbor Health Care ETF	0.3	80	-51	1.1	-7.7
FTAG	First Trust Indxx Global Agriculture ETF	0.3	70	-41	9.2	+0.4
PFM	Invesco Dividend Achievers ETF	0.3	53	-24	5.3	-3.6
FTEC	Fidelity MSCI Information Technology Index ETF	0.3	8	21	4.8	-4.1
VGT	Vanguard Information Technology ETF	0.3	10	19	4.8	-4.1
CRED	Columbia Research Enhanced Real Estate ETF	0.3	33	-4	6.7	-2.2
BMED	Future Health ETF	0.3	85	-56	-0.3	-9.1
DEUS	Xtrackers Russell US Multifactor ETF	0.3	17	12	7.0	-1.9
ONEO	SPDR Russell 1000 Momentum Focus ETF	0.3	20	9	7.0	-1.9
FELC	Fidelity Enhanced Large Cap Core ETF	0.3	18	11	5.4	-3.4
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.3	30	-1	8.0	-0.9
IGV	iShares Expanded Tech-Software Sector ETF	0.3	41	-12	2.8	-6.1
VT	Vanguard Total World Stock ETF	0.3	7	22	5.6	-3.2
IUS	Invesco RAFI Strategic US ETF	0.2	19	10	6.9	-1.9
DGRO	iShares Core Dividend Growth ETF	0.2	8	21	6.3	-2.6
MILN	Global X Millennial Consumer ETF	0.2	50	-21	2.9	-6.0
ACTV	LeaderShares Activist Leaders ETF	0.2	75	-46	6.5	-2.4
WISE	Themes Generative Artificial Intelligence ETF	0.2	35	-6	2.2	-6.7
SMMD	iShares Russell 2500 ETF	0.2	15	14	5.9	-3.0
RWR	SPDR Dow Jones REIT ETF	0.2	25	4	5.9	-3.0
FNDX	Schwab Fundamental US Large Co. Index ETF	0.2	25	4	6.9	-2.0
JAVA	JPMorgan Active Value ETF	0.2	44	-15	6.0	-2.9
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	0.2	24	5	7.5	-1.4
DIVB	iShares Core Dividend ETF	0.2	5	24	7.6	-1.3
SCHM	Schwab U.S. Mid-Cap ETF	0.2	4	25	6.1	-2.7
VPU	Vanguard Utilities ETF	0.2	10	19	5.4	-3.4
PPH	VanEck Pharmaceutical ETF	0.2	36	-7	8.4	-0.5
BBRE	JPMorgan BetaBuilders MSCI U.S. REIT ETF	0.2	11	18	6.1	-2.7
FCOM	Fidelity MSCI Communication Services Index ETF	0.2	8	21	4.8	-4.1
TDIV	First Trust NASDAQ Technology Dividend Index Fund	0.2	50	-21	5.2	-3.6
HDV	iShares Core High Dividend ETF	0.2	8	21	7.9	-1.0
FRI	First Trust S&P REIT Index Fund	0.2	50	-21	5.7	-3.1
CIBR	First Trust NASDAQ Cybersecurity ETF	0.2	60	-31	4.3	-4.6
USRT	iShares Core U.S. REIT ETF	0.2	8	21	6.2	-2.7
BKMC	BNY Mellon US Mid Cap Core Equity ETF	0.2	4	25	5.8	-3.0
EIPI	FT Energy Income Partners Enhanced Income ETF	0.2	110	-81	5.6	-3.3
VOX	Vanguard Communication Services ETF	0.2	10	19	4.7	-4.2
JVAL	JPMorgan U.S. Value Factor ETF	0.2	12	17	8.0	-0.9
DFAR	Dimensional US Real Estate ETF	0.2	19	10	6.1	-2.8
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.2	9	20	5.6	-3.3
CLOD	Themes Cloud Computing ETF	0.2	35	-6	2.9	-6.0
SCHH	Schwab U.S. REIT ETF	0.2	7	22	6.2	-2.6
EQAL	Invesco Russell 1000 Equal Weight ETF	0.2	20	9	6.4	-2.5
ONEV	SPDR Russell 1000 Low Volatility Focus ETF	0.2	20	9	7.6	-1.3
FREL	Fidelity MSCI Real Estate Index ETF	0.2	8	21	5.9	-3.0
EBIZ	Global X E-Commerce ETF	0.2	50	-21	2.3	-6.6
IBUY	Amplify Online Retail ETF	0.2	65	-36	1.5	-7.4
HELX	Franklin Genomic Advancements ETF	0.2	50	-21	0.3	-8.6
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	0.2	45	-16	3.4	-5.5
QOWZ	Invesco Nasdaq Free Cash Flow Achievers ETF	0.2	39	-10	4.2	-4.7
RWO	SPDR Dow Jones Global Real Estate ETF	0.2	50	-21	5.7	-3.2
VNQ	Vanguard Real Estate ETF	0.2	12	17	6.0	-2.9
FDLO	Fidelity Low Volatility Factor ETF	0.2	15	14	5.2	-3.7
ONEY	SPDR Russell 1000 Yield Focus ETF	0.2	20	9	9.4	+0.6
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	0.2	56	-27	6.1	-2.7
IDGT	iShares U.S. Digital Infrastructure and Real Estate ETF	0.2	41	-12	11.0	+2.2
IYF	iShares U.S. Financials ETF	0.2	40	-11	5.9	-3.0
TRFK	Pacer Data and Digital Revolution ETF	0.2	60	-31	3.9	-5.0
REET	iShares Global REIT ETF	0.2	14	15	5.9	-2.9
IWS	iShares Russell Mid-Cap Value ETF	0.1	23	6	6.5	-2.4
CUT	Invesco MSCI Global Timber ETF	0.1	61	-32	8.3	-0.6
WOOD	iShares Global Timber & Forestry ETF	0.1	42	-13	9.8	+0.9
IGM	iShares Expanded Tech Sector ETF	0.1	41	-12	4.5	-4.4
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	0.1	27	2	6.9	-1.9
DFGR	Dimensional Global Real Estate ETF	0.1	22	7	5.9	-3.0
IWR	iShares Russell Midcap ETF	0.1	19	10	5.7	-3.2
MISL	First Trust Indxx Aerospace & Defense ETF	0.1	60	-31	3.1	-5.8
SHLD	Global X Defense Tech ETF	0.1	50	-21	4.9	-3.9
XAR	SPDR S&P Aerospace & Defense ETF	0.1	35	-6	2.4	-6.5
TMFE	Motley Fool Capital Efficiency 100 Index ETF	0.1	50	-21	4.3	-4.5
JHMM	John Hancock Multifactor Mid Cap ETF	0.1	42	-13	6.3	-2.6
RAFE	PIMCO RAFI ESG U.S. ETF	0.1	29	0	7.2	-1.7
IYG	iShares US Financial Services ETF	0.1	40	-11	5.6	-3.3
STXV	Strive 1000 Value ETF	0.1	18	11	7.5	-1.3
DGRW	WisdomTree US Quality Dividend Growth Fund	0.1	28	1	5.9	-2.9
ERET	iShares Environmentally Aware Real Estate ETF	0.1	30	-1	6.1	-2.7
SCHK	Schwab 1000 Index ETF	0.1	5	24	5.1	-3.7
IYJ	iShares U.S. Industrials ETF	0.1	40	-11	4.7	-4.2
PAWZ	ProShares Pet Care ETF	0.1	50	-21	3.4	-5.4
PNQI	Invesco NASDAQ Internet ETF	0.1	60	-31	2.5	-6.3
ITA	iShares U.S. Aerospace & Defense ETF	0.1	40	-11	2.2	-6.7
DSI	iShares MSCI KLD 400 Social ETF	0.1	25	4	5.1	-3.7
IWP	iShares Russell Mid-Cap Growth ETF	0.1	23	6	3.3	-5.5
JMOM	JPMorgan U.S. Momentum Factor ETF	0.1	12	17	4.7	-4.2
REVS	Columbia Research Enhanced Value ETF	0.1	19	10	7.6	-1.3
GCLN	Goldman Sachs Bloomberg Clean Energy Equity ETF	0.1	45	-16	5.8	-3.1
TECB	iShares U.S. Tech Breakthrough Multisector ETF	0.1	40	-11	4.0	-4.8
IWD	iShares Russell 1000 Value ETF	0.1	19	10	6.3	-2.6
VONV	Vanguard Russell 1000 Value ETF	0.1	8	21	6.4	-2.4
PTL	Inspire 500 ETF	0.1	9	20	5.7	-3.2
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	0.1	20	9	5.0	-3.9
GVUS	Marketbeta Russell 1000 Value Equity ETF	0.1	12	17	6.4	-2.5
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.1	11	18	5.1	-3.8
IYY	iShares Dow Jones U.S. ETF	0.0	20	9	4.9	-4.0
JPUS	JPMorgan Diversified Return U.S. Equity ETF	0.0	18	11	7.2	-1.6
STXG	Strive 1000 Growth ETF	0.0	18	11	4.2	-4.6
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	0.0	29	0	4.3	-4.6
RECS	Columbia Research Enhanced Core ETF	0.0	15	14	5.6	-3.2
IWB	iShares Russell 1000 ETF	0.0	15	14	5.0	-3.9
STXD	Strive 1000 Dividend Growth ETF	0.0	35	-6	5.0	-3.9
VONE	Vanguard Russell 1000 ETF	0.0	8	21	5.1	-3.8
FNDC	Schwab Fundamental International Small Co. Index ETF	0.0	39	-10	7.1	-1.8
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	0.0	14	15	5.1	-3.7
BTHM	BlackRock Future U.S. Themes ETF	0.0	60	-31	4.2	-4.6
IWF	iShares Russell 1000 Growth ETF	0.0	19	10	4.5	-4.3
VONG	Vanguard Russell 1000 Growth ETF	0.0	8	21	4.7	-4.2
PSCC	Invesco S&P SmallCap Consumer Staples ETF	0.0	29	0	7.7	-1.2
PSCE	Invesco S&P SmallCap Energy ETF	0.0	29	0	5.1	-3.8

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

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RESULTS & ESTIMATES

	2019	2020	2021	2022	2023	2024E	2025E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2023	2024E	2025E
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 Quality 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	18.2	%
Divided by: Fwd. P/BV	2.0	x
Less: Expense ratio	29	bp
Equals: ALTAR Score	8.9	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.72	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.