Invesco S&P SmallCap Low Volatility ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.5x P/Sales
ratio		 2.4x
P/BV
ratio		 1.6x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the S&P SmallCap 400 Low Volatility Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Feb 12, 2013
Assets (mns) $239
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 120
Wgt avg mkt cap (mns) $2,480
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 54.7%
Small cap (<$2bn) 45.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PHILLIPS EDISON & COMPANY, INC. 1.3 %
FOUR CORNERS PROPERTY TRUST, INC. 1.2 %
BROADSTONE NET LEASE, INC. 1.1 %
ELLINGTON FINANCIAL LLC 1.1 %
AVISTA CORP 1.1 %
NORTHWEST NATURAL GAS CO 1.1 %
ESSENTIAL PROPERTIES REALTY TRUST, 1.1 %
SAUL CENTERS INC 1.1 %
LTC PROPERTIES INC 1.1 %
CURBLINE PROPERTIES CORP 1.1 %
Total 11.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
PUERTO RICO 1.6 %
BERMUDA 1.0 %








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.
13.8% 12.5% 3.8% 5.4% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.28 8%
MSCI EAFE 0.29 12%
MSCI Emg. Mkts. 0.04 1%

Technical Indicators
Recent close $51.88
30d moving avg. $53.43
Annualized volatility 15.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $1,542

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 444 potential alternatives to the Invesco S&P SmallCap Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with XSLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSLV Expense: 25 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSLV
Ticker Fund
Name		 Overlap1
vs XSLV
(%)		 Expense
ratio
(bp)		 Savings
vs XSLV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XSLV
(%)
SMDV ProShares Russell 2000 Dividend Growers ETF 28.3 40 -15 6.8 -0.5
SIXS ETC 6 Meridian Small Cap Equity ETF 28.0 89 -64 7.7 +0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 27.7 80 -55 6.9 -0.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 27.5 36 -11 8.1 +0.8
KBE State Street SPDR S&P Bank ETF 23.3 35 -10 8.3 +1.1
KRE State Street SPDR S&P Regional Banking ETF 21.5 35 -10 8.3 +1.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 20.2 30 -5 13.7 +6.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 19.3 10 15 8.9 +1.6
SLYV State Street SPDR S&P 600 Small Cap Value ETF 19.2 15 10 8.9 +1.6
IJS iShares S&P Small-Cap 600 Value ETF 19.1 18 7 8.8 +1.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 19.0 15 10 6.2 -1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 18.1 35 -10 9.0 +1.7
FYT First Trust Small Cap Value AlphaDEX Fund 17.8 73 -48 9.4 +2.1
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 17.6 12 13 3.3 -4.0
SIXL ETC 6 Meridian Low Beta Equity ETF 17.3 80 -55 5.9 -1.4
VIOO Vanguard S&P Small-Cap 600 ETF 17.3 7 18 6.2 -1.1
XJR iShares ESG Screened S&P Small-Cap ETF 17.3 12 13 6.2 -1.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 17.3 60 -35 7.4 +0.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 17.2 3 22 6.4 -0.9
IJR iShares Core S&P Small Cap ETF 17.1 6 19 6.3 -1.0
GRPZ Invesco S&P SmallCap 600 GARP ETF 17.0 35 -10 5.9 -1.4
JPSV JPMorgan Active Small Cap Value ETF 15.9 74 -49 7.2 -0.1
TPSC Timothy Plan US Small Cap Core ETF 15.4 52 -27 6.7 -0.6
DES WisdomTree U.S. SmallCap Dividend Fund 15.3 38 -13 8.1 +0.8
ROSC Hartford Multifactor Small Cap ETF 15.2 34 -9 7.0 -0.3
XSHQ Invesco S&P SmallCap Quality ETF 15.2 29 -4 6.9 -0.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.1 10 15 3.7 -3.6
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 15.1 15 10 3.8 -3.5
IJT iShares S&P Small-Cap 600 Growth ETF 14.9 18 7 3.7 -3.6
RIET Hoya Capital High Dividend Yield ETF 14.5 50 -25 14.5 +7.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 14.1 35 -10 6.8 -0.5
VTWV Vanguard Russell 2000 Value ETF 13.4 10 15 4.8 -2.5
IWN iShares Russell 2000 Value ETF 13.3 24 1 4.6 -2.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 12.7 39 -14 3.6 -3.7
FYX First Trust Small Cap Core AlphaDEX Fund 12.5 61 -36 5.2 -2.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 12.4 25 0 7.7 +0.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 11.7 35 -10 5.9 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.5 29 -4 6.4 -0.9
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 11.5 38 -13 9.0 +1.7
XSMO Invesco S&P SmallCap Momentum ETF 11.2 39 -14 3.9 -3.4
EES WisdomTree U.S. SmallCap Fund 10.6 38 -13 7.7 +0.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 10.0 39 -14 7.2 -0.1
AVSC Avantis U.S Small Cap Equity ETF 9.9 25 0 4.5 -2.8
STXK Strive Small-Cap ETF 9.8 18 7 5.2 -2.1
SMCF Themes US Small Cap Cash Flow Champions ETF 9.8 29 -4 9.6 +2.3
SVAL iShares US Small Cap Value Factor ETF 9.7 20 5 6.9 -0.4
RNMC First Trust Mid Cap US Equity Select ETF 9.5 60 -35 6.7 -0.6
BKSE BNY Mellon US Small Cap Core Equity ETF 9.5 4 21 15.7 +8.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 9.4 9 16 3.7 -3.6
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 9.4 29 -4 3.8 -3.5
BLDG Cambria Global Real Estate ETF 9.2 60 -35 11.1 +3.9
RDOG ALPS REIT Dividend Dogs ETF 8.9 35 -10 12.2 +4.9
ISMD Inspire Small/Mid Cap ETF 8.9 54 -29 5.0 -2.3
PPTY US Diversified Real Estate ETF 8.8 53 -28 7.7 +0.4
RSSL Global X Russell 2000 ETF 8.7 8 17 2.7 -4.6
IWM iShares Russell 2000 ETF 8.6 19 6 2.6 -4.7
VTWO Vanguard Russell 2000 ETF 8.5 7 18 2.8 -4.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 8.4 47 -22 7.4 +0.1
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 8.4 48 -23 7.9 +0.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 8.3 20 5 5.6 -1.7
SRET Global X SuperDividend REIT ETF 8.1 59 -34 13.3 +6.1
HAPS Harbor Human Capital Factor US Small Cap ETF 8.1 60 -35 3.2 -4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.9 39 -14 2.2 -5.1
FSCS First Trust SMID Capital Strength ETF 7.9 60 -35 7.1 -0.2
FNDA Schwab Fundamental US Small Co. Index ETF 7.8 25 0 6.2 -1.1
JHSC John Hancock Multifactor Small Cap ETF 7.4 42 -17 6.1 -1.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.4 60 -35 5.9 -1.4
KBWY Invesco KBW Premium Yield Equity REIT ETF 7.3 35 -10 8.8 +1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 7.3 35 -10 3.2 -4.1
AFSM First Trust Active Factor Small Cap ETF 7.2 75 -50 5.6 -1.7
ETHO Etho Climate Leadership U.S. ETF 7.2 47 -22 4.1 -3.2
OSCV Opus Small Cap Value ETF 7.2 79 -54 6.0 -1.3
DFSV Dimensional US Small Cap Value ETF 7.1 31 -6 8.6 +1.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 7.1 24 1 6.1 -1.2
VRAI Virtus Real Asset Income ETF 7.1 55 -30 8.2 +0.9
AVUV Avantis U.S. Small Cap Value ETF 7.0 25 0 7.8 +0.5
PSC Principal U.S. Small-Cap ETF 7.0 38 -13 3.6 -3.7
TMDV ProShares Russell US Dividend Growers ETF 6.8 35 -10 6.2 -1.1
SDIV Global X Superdividend ETF 6.7 58 -33 13.8 +6.6
ISCV iShares Morningstar Small Cap Value ETF 6.6 6 19 7.6 +0.3
DFAT Dimensional U.S. Targeted Value ETF 6.6 28 -3 8.4 +1.2
SQLV Royce Quant Small-Cap Quality Value ETF 6.5 60 -35 7.4 +0.1
SMOX Horizon Small/Mid Cap Core Equity ETF 6.4 75 -50 5.5 -1.8
RWR State Street SPDR Dow Jones REIT ETF 6.3 25 0 6.8 -0.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 6.2 11 14 7.2 -0.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.2 35 -10 6.9 -0.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.2 20 5 3.9 -3.4
FESM Fidelity Enhanced Small Cap ETF 6.0 28 -3 2.2 -5.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 6.0 59 -34 7.9 +0.6
USRT iShares Core U.S. REIT ETF 6.0 8 17 7.1 -0.2
SCHA Schwab U.S. Small-Cap ETF 6.0 4 21 4.4 -2.9
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.4 29 -4 8.1 +0.8
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 5.3 35 -10 6.5 -0.8
MORT VanEck Mortgage REIT Income ETF 5.3 43 -18 20.3 +13.0
NETL NETLease Corporate Real Estate ETF 5.2 60 -35 7.8 +0.5
SCDV Bahl & Gaynor Small Cap Dividend ETF 5.2 70 -45 4.2 -3.1
PSCI Invesco S&P SmallCap Industrials ETF 5.2 29 -4 4.9 -2.4
DFAR Dimensional US Real Estate ETF 5.2 19 6 7.4 +0.1
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 5.2 55 -30 8.6 +1.3
FPRO Fidelity Real Estate Investment ETF 5.1 59 -34 6.3 -1.0
DFAS Dimensional U.S. Small Cap ETF 5.1 26 -1 5.5 -1.8
GQRE FlexShares Global Quality Real Estate Index Fund 5.0 45 -20 7.6 +0.3
FVD First Trust Value Line Dividend Index Fund 4.9 65 -40 5.7 -1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 4.9 67 -42 8.3 +1.0
NURE Nuveen Short-Term REIT ETF 4.9 35 -10 7.2 -0.1
DIV Global X SuperDividend US ETF 4.9 45 -20 9.5 +2.2
FSMD Fidelity Small-Mid Multifactor ETF 4.9 15 10 6.6 -0.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 4.8 59 -34 4.3 -3.0
FRI First Trust S&P REIT Index Fund 4.7 50 -25 6.6 -0.7
ISCB iShares Morningstar Small-Cap ETF 4.7 4 21 5.4 -1.9
VBR Vanguard Small Cap Value ETF 4.7 7 18 7.8 +0.5
VFMV Vanguard U.S. Minimum Volatility ETF 4.7 13 12 5.7 -1.6
PSR Invesco Active U.S. Real Estate Fund 4.6 35 -10 7.2 -0.1
FREL Fidelity MSCI Real Estate Index ETF 4.6 8 17 7.2 -0.1
FTXO First Trust Nasdaq Bank ETF 4.6 60 -35 7.3 -0.0
WDIV SPDR S&P Global Dividend ETF 4.6 40 -15 8.8 +1.5
VFMF Vanguard U.S. Multifactor ETF 4.5 18 7 6.3 -1.0
PEY Invesco High Yield Equity Dividend Achievers ETF 4.5 52 -27 8.5 +1.2
VNQ Vanguard Real Estate ETF 4.4 13 12 7.0 -0.3
SCHH Schwab U.S. REIT ETF 4.4 7 18 7.4 +0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 4.4 70 -45 9.3 +2.0
CGW Invesco S&P Global Water Index ETF 4.4 57 -32 4.7 -2.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 4.3 17 8 4.9 -2.4
REM iShares Mortgage Real Estate ETF 4.3 48 -23 21.1 +13.8
WCEO Hypatia Women CEO ETF 4.2 85 -60 4.5 -2.8
VFQY Vanguard U.S. Quality Factor ETF 4.1 13 12 5.4 -1.9
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 4.1 15 10 6.3 -1.0
SMMD iShares Russell 2500 ETF 4.0 15 10 5.5 -1.8
DHS WisdomTree U.S. High Dividend Fund 4.0 38 -13 7.9 +0.6
DSMC Distillate Small/Mid Cash Flow ETF 4.0 55 -30 10.1 +2.8
HOMZ Hoya Capital Housing ETF 4.0 30 -5 10.7 +3.5
IWO iShares Russell 2000 Growth ETF 3.8 24 1 0.5 -6.8
REET iShares Global REIT ETF 3.8 14 11 7.2 -0.1
RWO SPDR Dow Jones Global Real Estate ETF 3.8 50 -25 6.4 -0.9
JRE Janus Henderson U.S. Real Estate ETF 3.8 65 -40 5.7 -1.6
VXF Vanguard Extended Market ETF 3.7 5 20 3.8 -3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 3.6 60 -35 6.3 -1.0
AFMC First Trust Active Factor Mid Cap ETF 3.5 65 -40 7.0 -0.3
EFRA iShares Environmental Infrastructure and Industrials ETF 3.4 47 -22 5.2 -2.1
AVRE Avantis Real Estate ETF 3.4 17 8 7.1 -0.2
SCDS JPMorgan Fundamental Data Science Small Core ETF 3.4 40 -15 3.7 -3.6
VB Vanguard Small-Cap ETF 3.4 5 20 5.3 -2.0
VFVA Vanguard U.S. Value Factor ETF 3.4 13 12 8.7 +1.4
FYC First Trust Small Cap Growth AlphaDEX Fund 3.3 71 -46 -0.6 -7.9
FIW First Trust Water ETF 3.3 53 -28 5.3 -2.0
AQWA Global X Clean Water ETF 3.3 50 -25 5.3 -2.0
PHO Invesco Water Resources ETF 3.3 60 -35 5.1 -2.2
DFGR Dimensional Global Real Estate ETF 3.3 22 3 7.2 -0.1
TCV Towle Value ETF 3.3 85 -60 9.0 +1.7
VTWG Vanguard Russell 2000 Growth ETF 3.1 10 15 0.7 -6.6
BYRE Principal Real Estate Active Opportunities ETF 3.1 65 -40 7.3 -0.0
TBLU Tortoise Global Water ESG ETF 3.1 40 -15 4.7 -2.6
BFOR ALPS Barron's 400 ETF 3.1 65 -40 21.8 +14.5
KBWD Invesco KBW High Dividend Yield Financial ETF 3.1 384 -359 18.4 +11.1
FXO First Trust Financials AlphaDEX Fund 3.0 62 -37 7.8 +0.5
CVY Invesco Zacks Multi-Asset Income ETF 3.0 106 -81 9.8 +2.5
ERET iShares Environmentally Aware Real Estate ETF 3.0 30 -5 7.1 -0.2
SMLF iShares U.S. SmallCap Equity Factor ETF 3.0 15 10 5.0 -2.3
CVAR Cultivar ETF 3.0 87 -62 6.7 -0.6
EZM WisdomTree U.S. MidCap Fund 2.9 38 -13 8.1 +0.8
NUSC Nuveen ESG Small-Cap ETF 2.9 31 -6 5.0 -2.3
PFI Invesco Dorsey Wright Financial Momentum ETF 2.9 60 -35 4.7 -2.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.8 27 -2 6.5 -0.8
WSML iShares MSCI World Small-Cap ETF 2.8 15 10 5.4 -1.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.8 30 -5 4.0 -3.3
DEW WisdomTree Global High Dividend Fund 2.7 58 -33 7.0 -0.3
ISCG iShares Morningstar Small-Cap Growth ETF 2.7 6 19 2.8 -4.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.6 70 -45 2.2 -5.1
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 2.6 65 -40 5.2 -2.1
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 2.6 55 -30 3.4 -3.9
DON WisdomTree U.S. MidCap Dividend Fund 2.6 38 -13 8.1 +0.8
RSMC Rockefeller U.S. Small-Mid Cap ETF 2.5 75 -50 4.2 -3.1
SYLD Cambria Shareholder Yield ETF 2.4 59 -34 9.7 +2.4
ABLS Abacus FCF Small Cap Leaders ETF 2.4 59 -34 4.7 -2.6
DBSC Deepwater Beachfront Small Cap ETF 2.3 85 -60 1.2 -6.1
VAMO Cambria Value & Momentum ETF 2.3 61 -36 5.2 -2.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 2.2 29 -4 8.6 +1.4
AIRR First Trust RBA American Industrial Renaissance ETF 2.2 70 -45 4.4 -2.9
KCE State Street SPDR S&P Capital Markets ETF 2.2 35 -10 5.7 -1.6
DXUV Dimensional US Vector Equity ETF 2.1 28 -3 5.1 -2.2
WBIY WBI Power Factor High Dividend ETF 2.1 100 -75 11.5 +4.2
CALF Pacer US Small Cap Cash Cows 100 ETF 2.0 59 -34 8.1 +0.8
GVLU Gotham 1000 Value ETF 2.0 50 -25 7.9 +0.6
MBOX Freedom Day Dividend ETF 1.9 39 -14 6.6 -0.7
VPU Vanguard Utilities ETF 1.9 9 16 5.3 -2.0
PSCM Invesco S&P SmallCap Materials ETF 1.9 29 -4 10.7 +3.4
RITA ETFB Green SRI REITs ETF 1.9 50 -25 5.6 -1.7
CSD Invesco S&P Spin-Off ETF 1.9 65 -40 4.0 -3.3
DIVY Sound Equity Dividend Income ETF 1.8 45 -20 7.7 +0.4
KIE State Street SPDR S&P Insurance ETF 1.8 35 -10 6.4 -0.9
ALIL Argent Focused Small Cap ETF 1.8 74 -49 5.9 -1.4
DESK VanEck Office and Commercial REIT ETF 1.8 50 -25 14.4 +7.1
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 1.8 60 -35 0.9 -6.4
FUTY Fidelity MSCI Utilities Index ETF 1.7 8 17 5.3 -2.0
PUI Invesco Dorsey Wright Utilities Momentum ETF 1.7 60 -35 4.9 -2.4
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.7 60 -35 5.2 -2.1
FNCL Fidelity MSCI Financials Index ETF 1.7 8 17 5.8 -1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.6 24 1 7.2 -0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 -31 9.2 +1.9
VBK Vanguard Small-Cap Growth ETF 1.6 7 18 1.3 -6.0
JSML Janus Henderson Small Cap Growth Alpha ETF 1.6 30 -5 2.8 -4.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 1.6 60 -35 -0.9 -8.2
VFH Vanguard Financials ETF 1.6 9 16 5.9 -1.4
RNSC Furst Trust Small Cap US Equity Select ETF 1.6 60 -35 4.6 -2.7
PSCH Invesco S&P SmallCap Health Care ETF 1.6 29 -4 2.1 -5.2
ZIG Acquirers Fund 1.6 84 -59 21.1 +13.8
GLRY Inspire Faithward Mid Cap Momentum ETF 1.5 80 -55 4.3 -3.0
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.5 49 -24 6.8 -0.5
EBLU Ecofin Global Water ESG Fund 1.5 40 -15 4.5 -2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 64 -39 1.4 -5.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.5 61 -36 6.4 -0.9
NIXT Research Affiliates Deletions ETF 1.4 9 16 6.1 -1.2
IWC iShares Micro-Cap ETF 1.4 60 -35 -1.3 -8.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.4 25 0 4.9 -2.4
XRT State Street SPDR S&P Retail ETF 1.4 35 -10 7.7 +0.4
SRHQ SRH U.S. Quality ETF 1.4 35 -10 5.8 -1.5
DEEP Roundhill Acquirers Deep Value ETF 1.4 80 -55 14.9 +7.6
FLDZ RiverNorth Patriot ETF 1.3 75 -50 6.2 -1.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.3 75 -50 5.8 -1.5
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 17 5.6 -1.7
HAUS Residential REIT ETF 1.3 60 -35 4.0 -3.3
SDY State Street SPDR S&P Dividend ETF 1.3 35 -10 6.1 -1.2
VDC Vanguard Consumer Staples ETF 1.3 9 16 5.6 -1.7
FDFF Fidelity Disruptive Finance ETF 1.3 50 -25 5.0 -2.3
IFRA iShares U.S. Infrastructure ETF 1.2 30 -5 6.0 -1.3
PKW Invesco Buyback Achievers ETF 1.2 62 -37 6.9 -0.4
ARB AltShares Merger Arbitrage ETF 1.1 77 -52 2.7 -4.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 1.1 12 13 6.1 -1.2
IAK iShares U.S. Insurance ETF 1.1 40 -15 6.6 -0.7
VGSR Vert Global Sustainable Real Estate ETF 1.1 47 -22 7.3 -0.0
TPYP Tortoise North American Pipeline Fund 1.1 40 -15 4.9 -2.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.1 45 -20 0.1 -7.2
DFAC Dimensional U.S. Core Equity 2 ETF 1.1 17 8 4.7 -2.6
ACSG American Century Small Cap Growth Insights ETF 1.1 49 -24 4.9 -2.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.0 20 5 0.8 -6.5
EBI Longview Advantage ETF 1.0 35 -10 5.8 -1.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.0 20 5 6.1 -1.2
DTD WisdomTree U.S. Total Dividend Fund 1.0 28 -3 5.6 -1.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 -14 8.0 +0.7
JVAL JPMorgan U.S. Value Factor ETF 1.0 12 13 6.6 -0.7
XHS State Street SPDR S&P Health Care Services ETF 0.9 35 -10 3.1 -4.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 18 5.3 -2.0
DFUV Dimensional US Marketwide Value ETF 0.9 22 3 5.9 -1.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.9 60 -35 5.6 -1.7
CSMD Congress SMid Growth ETF 0.9 69 -44 3.8 -3.5
INDS Pacer Industrial Real Estate ETF 0.9 55 -30 6.4 -0.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.9 55 -30 5.7 -1.6
WTRE WisdomTree New Economy Real Estate Fund 0.9 58 -33 -0.3 -7.6
TXS Texas Capital Texas Equity Index ETF 0.9 49 -24 4.8 -2.5
LST Leuthold Select Industries ETF 0.9 91 -66 4.7 -2.6
FXG First Trust Consumer Staples AlphaDEX Fund 0.9 63 -38 8.5 +1.2
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.9 5 20 7.4 +0.1
FXU First Trust Utilities AlphaDEX Fund 0.9 64 -39 5.7 -1.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.9 20 5 8.5 +1.2
PSCE Invesco S&P SmallCap Energy ETF 0.8 29 -4 6.5 -0.8
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 0.8 35 -10 8.7 +1.4
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 2 5.3 -2.0
JPRE JPMorgan Realty Income ETF 0.8 50 -25 7.1 -0.2
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.8 20 5 7.3 -0.0
REZ iShares Residential and Multisector Real Estate ETF 0.8 48 -23 6.0 -1.3
PKB Invesco Building & Construction ETF 0.8 62 -37 4.3 -3.0
PRN Invesco Dorsey Wright Industrials Momentum ETF 0.8 60 -35 1.7 -5.6
KBWP Invesco KBW Property & Casualty Insurance ETF 0.8 35 -10 6.9 -0.4
FDLS Inspire Fidelis Multi Factor ETF 0.8 76 -51 3.1 -4.2
FSGS First Trust SMID Growth Strength ETF 0.8 60 -35 4.8 -2.5
ECML Euclidean Fundamental Value ETF 0.8 95 -70 8.4 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.8 18 7 6.9 -0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 -45 6.3 -1.0
DFSU Dimensional US Sustainability Core 1 ETF 0.8 18 7 4.6 -2.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.8 15 10 7.5 +0.2
IYR iShares U.S. Real Estate ETF 0.8 40 -15 7.1 -0.2
DGLO First Trust RBA Deglobalization ETF 0.8 70 -45 5.5 -1.8
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.8 95 -70 -0.5 -7.8
KROP Global X AgTech & Food Innovation ETF 0.8 50 -25 6.2 -1.1
NVIR Horizon Kinetics Energy and Remediation ETF 0.8 85 -60 5.1 -2.2
RUNN Running Oak Efficient Growth ETF 0.8 58 -33 4.9 -2.4
FPX First Trust US Equity Opportunities ETF 0.7 61 -36 0.9 -6.4
DCOR Dimensional US Core Equity 1 ETF 0.7 14 11 4.6 -2.7
AVSU Avantis Responsible U.S. Equity ETF 0.7 15 10 4.9 -2.4
FDM First Trust Dow Jones Select MicroCap Index Fund 0.7 60 -35 6.8 -0.5
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 0.7 45 -20 4.8 -2.5
DTEC ALPS Disruptive Technologies ETF 0.7 50 -25 3.4 -3.9
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.7 25 0 10.0 +2.7
QVAL Alpha Architect US Quantitative Value ETF 0.7 39 -14 8.8 +1.5
SNSR Global X Internet of Things ETF 0.7 68 -43 3.6 -3.7
AVUS Avantis U.S. Equity ETF 0.7 15 10 4.7 -2.6
SCHD Schwab US Dividend Equity ETF 0.7 6 19 7.7 +0.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 0.7 60 -35 4.5 -2.8
ASCE Allspring SMID Core ETF 0.7 38 -13 3.1 -4.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.7 25 0 6.0 -1.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 -21 5.4 -1.9
PJP Invesco Pharmaceuticals ETF 0.6 57 -32 6.4 -0.9
XPH State Street SPDR S&P Pharmaceuticals ETF 0.6 35 -10 -1.6 -8.9
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -37 3.5 -3.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.6 43 -18 5.1 -2.2
MVAL VanEck Morningstar Wide Moat Value ETF 0.6 49 -24 6.3 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 0.6 52 -27 8.0 +0.7
BCDF Horizon Kinetics Blockchain Development ETF 0.6 85 -60 3.7 -3.6
MOAT VanEck Morningstar Wide Moat ETF 0.6 46 -21 5.4 -1.9
KBWR Invesco KBW Regional Banking ETF 0.6 35 -10 8.5 +1.2
GURU Global X Guru Index ETF 0.6 75 -50 2.4 -4.9
PAVE Global X U.S. Infrastructure Development ETF 0.6 47 -22 4.6 -2.7
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 7 5.3 -2.0
VYM Vanguard High Dividend Yield Index ETF 0.6 6 19 6.1 -1.2
ONLN ProShares Online Retail ETF 0.6 58 -33 1.4 -5.9
IHF iShares U.S. Healthcare Providers ETF 0.6 40 -15 6.5 -0.8
SCHM Schwab U.S. Mid-Cap ETF 0.6 4 21 5.9 -1.4
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 12 1.8 -5.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.6 29 -4 5.6 -1.7
PBJ Invesco Food & Beverage ETF 0.6 57 -32 8.2 +0.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.5 49 -24 4.6 -2.7
IHE iShares U.S. Pharmaceuticals ETF 0.5 40 -15 4.4 -2.9
EMLP First Trust North American Energy Infrastructure Fund 0.5 95 -70 4.7 -2.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -64 4.4 -2.9
SMOT VanEck Morningstar SMID Moat ETF 0.5 49 -24 6.4 -0.9
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 -2 8.0 +0.7
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 0.5 56 -31 6.8 -0.5
VAW Vanguard Materials ETF 0.5 9 16 5.2 -2.1
SFGV Sequoia Global Value ETF 0.5 23 2 7.0 -0.3
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 0.5 40 -15 3.9 -3.4
DFAU Dimensional US Core Equity Market ETF 0.5 12 13 4.3 -3.0
TTAC FCF US Quality ETF 0.5 59 -34 6.0 -1.3
FPWR First Trust EIP Power Solutions ETF 0.5 96 -71 4.6 -2.7
FMAT Fidelity MSCI Materials Index ETF 0.5 8 17 5.2 -2.1
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 5 -3.4 -10.7
FTXG First Trust Nasdaq Food & Beverage ETF 0.5 60 -35 7.6 +0.3
OPTZ Optimize Strategy Index ETF 0.5 50 -25 3.6 -3.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 10 5.0 -2.3
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 -14 7.2 -0.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.4 20 5 6.0 -1.3
VTI Vanguard Total Stock Market ETF 0.4 3 22 4.1 -3.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.4 3 22 4.4 -2.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 22 4.1 -3.2
VIS Vanguard Industrials ETF 0.4 9 16 3.9 -3.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.4 30 -5 7.5 +0.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 4 3.0 -4.3
IWV iShares Russell 3000 ETF 0.4 20 5 4.0 -3.3
VTHR Vanguard Russell 3000 ETF 0.4 7 18 4.1 -3.2
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 0 5.7 -1.6
FIDU Fidelity MSCI Industrial Index ETF 0.4 8 17 3.9 -3.4
SCHB Schwab U.S. Broad Market ETF 0.4 3 22 4.2 -3.1
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 16 4.2 -3.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.4 12 13 3.9 -3.4
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 -17 5.6 -1.7
PFM Invesco Dividend Achievers ETF 0.4 53 -28 4.7 -2.6
HWAY Themes US Infrastructure ETF 0.4 29 -4 4.7 -2.6
IWS iShares Russell Mid-Cap Value ETF 0.4 23 2 5.9 -1.4
DFUS Dimensional U.S. Equity ETF 0.3 9 16 4.1 -3.2
ZAP Global X U.S. Electrification ETF 0.3 50 -25 3.7 -3.6
CZA Invesco Zacks Mid-Cap ETF 0.3 72 -47 5.8 -1.5
VIG Vanguard Dividend Appreciation ETF 0.3 5 20 5.0 -2.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.3 8 17 4.7 -2.6
VCR Vanguard Consumer Discretionary ETF 0.3 9 16 4.7 -2.6
AGNG Global X Aging Population ETF 0.3 50 -25 4.2 -3.1
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 8 6.4 -0.9
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 13 3.4 -3.9
PSCT Invesco S&P SmallCap Information Technology ETF 0.3 29 -4 3.3 -4.0
LOWV AB US Low Volatility Equity ETF 0.3 48 -23 4.4 -2.9
POWR iShares U.S. Power Infrastructure ETF 0.3 40 -15 4.4 -2.9
IWR iShares Russell Midcap ETF 0.3 19 6 5.4 -1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 21 17.3 +10.0
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.3 40 -15 8.3 +1.0
AVUQ Avantis U.S. Quality ETF 0.3 15 10 3.8 -3.5
IYF iShares U.S. Financials ETF 0.3 40 -15 5.5 -1.8
IDU iShares U.S. Utilities ETF 0.3 40 -15 4.8 -2.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 -13 3.9 -3.4
APUE ActivePassive U.S. Equity ETF 0.2 45 -20 3.9 -3.4
MILN Global X Millennial Consumer ETF 0.2 50 -25 4.1 -3.2
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 5 7.4 +0.1
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -45 6.8 -0.5
AKAF The Frontier Economic Fund 0.2 20 5 5.3 -2.0
VALQ American Century U.S. Quality Value ETF 0.2 29 -4 7.1 -0.2
SXQG ETC 6 Meridian Quality Growth ETF 0.2 100 -75 3.1 -4.2
PRF Invesco FTSE RAFI US 1000 ETF 0.2 34 -9 5.5 -1.8
VT Vanguard Total World Stock ETF 0.2 6 19 5.0 -2.3
BLES Inspire Global Hope ETF 0.2 61 -36 5.7 -1.6
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -40 4.8 -2.5
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.2 12 13 5.7 -1.6
STXM Strive Mid-Cap ETF 0.2 18 7 6.0 -1.3
DIVB iShares Core Dividend ETF 0.2 5 20 6.3 -1.0
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 10 5.7 -1.6
IYJ iShares U.S. Industrials ETF 0.1 40 -15 4.2 -3.1
IYG iShares US Financial Services ETF 0.1 40 -15 5.0 -2.3
REVS Columbia Research Enhanced Value ETF 0.1 19 6 6.3 -1.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 7 6.2 -1.1
PTL Inspire 500 ETF 0.1 9 16 4.6 -2.7
OCEN IQ Clean Oceans ETF 0.1 45 -20 4.7 -2.6
DGRO iShares Core Dividend Growth ETF 0.1 8 17 5.5 -1.8
FENY Fidelity MSCI Energy Index ETF 0.1 8 17 6.2 -1.1
MADE iShares U.S. Manufacturing ETF 0.1 40 -15 3.8 -3.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 0 6.0 -1.3
STXV Strive 1000 Value ETF 0.1 18 7 6.6 -0.7
FFF Founders 100 ETF 0.1 75 -50 2.4 -4.9
TEXN iShares Texas Equity ETF 0.1 20 5 5.0 -2.3
VDE Vanguard Energy ETF 0.1 9 16 6.1 -1.2
FDL First Trust Morningstar Dividend Leaders Index Fund 0.1 45 -20 8.7 +1.4
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 13 4.9 -2.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 10 4.3 -3.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 13 5.1 -2.2
VONV Vanguard Russell 1000 Value ETF 0.1 7 18 5.2 -2.1
IWD iShares Russell 1000 Value ETF 0.1 19 6 5.1 -2.2
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 7 4.3 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -22 5.0 -2.3
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 17 5.0 -2.3
RECS Columbia Research Enhanced Core ETF 0.1 15 10 5.2 -2.1
NANR SPDR S&P North American Natural Resources ETF 0.1 35 -10 5.9 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 10 4.7 -2.6
VHT Vanguard Health Care ETF 0.1 9 16 4.8 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 16 4.8 -2.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 -4 4.0 -3.3
SCHK Schwab 1000 Index ETF 0.1 5 20 4.3 -3.0
IUS Invesco RAFI Strategic US ETF 0.1 19 6 5.3 -2.0
DURA VanEck Durable High Dividend ETF 0.1 29 -4 6.2 -1.1
XT iShares Exponential Technologies ETF 0.1 46 -21 4.0 -3.3
IWB iShares Russell 1000 ETF 0.1 15 10 4.2 -3.1
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 2 3.1 -4.2
VONE Vanguard Russell 1000 ETF 0.1 7 18 4.2 -3.1
IYK iShares U.S. Consumer Staples ETF 0.1 40 -15 5.9 -1.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 0 4.1 -3.2
IYY iShares Dow Jones U.S. ETF 0.0 20 5 4.1 -3.2
STXD Strive 1000 Dividend Growth ETF 0.0 35 -10 4.5 -2.8
IGE iShares North American Natural Resources ETF 0.0 41 -16 5.3 -2.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 4.2 -3.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 11 4.2 -3.1
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 -15 3.9 -3.4
STXG Strive 1000 Growth ETF 0.0 18 7 3.3 -4.0
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 21 5.6 -1.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 -25 4.8 -2.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.0 40 -15 2.8 -4.5
HDV iShares Core High Dividend ETF 0.0 8 17 28.7 +21.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 6 5.0 -2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 5 4.2 -3.1
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 7 3.5 -3.8
ACVF American Conservative Values ETF 0.0 75 -50 3.8 -3.5
SCHX Schwab U.S. Large-Cap ETF 0.0 3 22 4.3 -3.0
VGT Vanguard Information Technology ETF 0.0 9 16 25.4 +18.1
FTEC Fidelity MSCI Information Technology Index ETF 0.0 8 17 3.1 -4.2
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -24 4.9 -2.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 13 3.7 -3.6
IWF iShares Russell 1000 Growth ETF 0.0 19 6 15.6 +8.3
RAUS RACWI US ETF 0.0 15 10 4.1 -3.2
VONG Vanguard Russell 1000 Growth ETF 0.0 7 18 3.9 -3.4
IGM iShares Expanded Tech Sector ETF 0.0 41 -16 2.7 -4.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 -5 3.7 -3.6

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 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 11.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 CATEGORY
AVERAGE		 1.58
 
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.