Invesco S&P SmallCap Momentum ETF
ALTAR
Score™		 8.9% info Recommen-
dation		 OVERWEIGHT
2023E    2024E
P/E
ratio		 10.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Small Cap Growth Portfolio seeks investment results that correspond generally to the price and yield of the Dynamic Small Cap Growth Intellidex Index, which seeks to provide

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $182
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 113
Wgt avg mkt cap (mns) $2,702
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 64.2%
Small cap (<$2bn) 35.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALLEGHENY TECHNOLOGIES INC 3.6 %
E.L.F. BEAUTY, INC. 2.9 %
RAMBUS INC 2.8 %
APPLIED INDUSTRIAL TECH INC 2.8 %
COMFORT SYSTEMS USA INC 2.3 %
ACADEMY SPORTS AND OUTDOORS, INC. 2.2 %
SPX TECHNOLOGIES INC 2.2 %
SANMINA CORP 2.2 %
AXCELIS TECHNOLOGIES, INC. 2.1 %
ENSIGN GROUP INC/THE 2.0 %
Total 25.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 1.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
4.3% -3.1% 9.4% 10.7% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 76%
MSCI EAFE 0.98 66%
MSCI Emg. Mkts. 0.75 44%

Technical Indicators
Recent close $45.16
30d moving avg. $47.35
Annualized volatility 24.8%
Short interest (ETF) 2.0%
Short interest (Underlying) 6.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.8%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,170

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 455 potential alternatives to the Invesco S&P SmallCap Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with XSMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSMO Expense: 39 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSMO
Ticker Fund
Name		 Overlap1
vs XSMO
(%)		 Expense
ratio
(bp)		 Savings
vs XSMO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XSMO
(%)
VIOG Vanguard S&P Small-Cap 600 Growth ETF 34.9 15 24 14.8 +5.8
IJT iShares S&P Small-Cap 600 Growth ETF 34.7 18 21 7.4 -1.5
SLYG SPDR S&P 600 Small Cap Growth ETF 34.6 15 24 7.5 -1.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 31.7 35 4 9.5 +0.6
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 28.6 19 20 8.7 -0.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 26.1 15 24 8.8 -0.1
XSHQ Invesco S&P SmallCap Quality ETF 25.5 29 10 12.3 +3.4
VIOO Vanguard S&P Small-Cap 600 ETF 24.9 10 29 17.0 +8.1
ESIX SPDR S&P SmallCap 600 ESG ETF 24.4 12 27 8.8 -0.1
SMLE Xtrackers S&P SmallCap 600 ESG ETF 24.3 15 24 8.7 -0.2
IJR iShares Core S&P Small Cap ETF 24.3 6 33 8.6 -0.4
SLY SPDR S&P 600 Small Cap ETF 24.2 15 24 8.5 -0.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 24.2 5 34 8.6 -0.4
XJR iShares ESG Screened S&P Small-Cap ETF 23.7 12 27 8.0 -0.9
PSCI Invesco S&P SmallCap Industrials ETF 23.1 29 10 8.4 -0.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 22.4 39 0 12.9 +3.9
DWAS Invesco DWA SmallCap Momentum ETF 22.0 60 -21 2.2 -6.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 20.7 39 0 9.1 +0.2
AFSM First Trust Active Factor Small Cap ETF 20.1 75 -36 10.1 +1.1
CALF Pacer US Small Cap Cash Cows 100 ETF 19.3 59 -20 15.8 +6.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 19.2 39 0 9.4 +0.5
SSLY Syntax Stratified SmallCap ETF 18.9 35 4 7.7 -1.2
FYC First Trust Small Cap Growth AlphaDEX Fund 18.4 70 -31 3.9 -5.0
ROSC Hartford Multifactor Small Cap ETF 17.1 34 5 12.8 +3.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.0 29 10 8.9 -0.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 16.8 25 14 11.0 +2.0
XSLV Invesco S&P SmallCap Low Volatility ETF 15.4 25 14 8.1 -0.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 15.1 35 4 9.4 +0.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 15.1 36 3 9.4 +0.5
PSCT Invesco S&P SmallCap Information Technology ETF 14.7 29 10 6.6 -2.4
SIXS 6 Meridian Small Cap Equity ETF 14.5 100 -61 9.8 +0.8
TPSC Timothy Plan US Small Cap Core ETF 14.2 52 -13 9.3 +0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.1 15 24 19.2 +10.3
AVSC Avantis U.S Small Cap Equity ETF 14.1 25 14 5.6 -3.4
FYX First Trust Small Cap Core AlphaDEX Fund 14.0 61 -22 9.3 +0.4
SLYV SPDR S&P 600 Small Cap Value ETF 13.6 15 24 9.5 +0.6
IJS iShares S&P Small-cap 600 Value ETF 13.6 18 21 9.5 +0.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.5 35 4 9.1 +0.2
VAMO Cambria Value & Momentum ETF 13.4 64 -25 12.8 +3.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 13.3 9 30 5.1 -3.8
CSML IQ Chaikin U.S. Small Cap ETF 13.3 35 4 6.9 -2.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.1 20 19 8.5 -0.4
SQLV Legg Mason Small-Cap Quality Value 13.1 61 -22 12.4 +3.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.1 12 27 7.8 -1.1
PSC Principal U.S. Small Cap Index ETF 12.6 38 1 9.8 +0.9
AVUV Avantis U.S. Small Cap Value ETF 12.1 25 14 11.9 +2.9
RNSC Small Cap US Equity Select ETF 11.9 60 -21 9.0 +0.0
PSCH Invesco S&P SmallCap Health Care ETF 11.7 29 10 3.0 -5.9
DES WisdomTree U.S. SmallCap Dividend Fund 11.4 38 1 10.4 +1.5
PSCE Invesco S&P SmallCap Energy ETF 11.1 29 10 7.0 -2.0
EES WisdomTree SmallCap Earnings Fund 10.6 38 1 13.3 +4.4
PSCM Invesco S&P SmallCap Materials ETF 10.5 29 10 6.8 -2.2
SVAL iShares US Small Cap Value Factor ETF 10.2 20 19 12.6 +3.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 10.2 95 -56 2.7 -6.3
QVAL Alpha Architect U.S. Quantitative Value ETF 9.9 49 -10 14.8 +5.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 9.7 49 -10 7.3 -1.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.7 38 1 11.9 +2.9
FSMD Fidelity Small-Mid Factor ETF 9.6 29 10 8.6 -0.3
VFMO Vanguard U.S. Momentum Factor ETF 9.5 13 26 4.4 -4.5
VTWG Vanguard Russell 2000 Growth Index Fund 9.5 15 24 3.2 -5.8
IWO iShares Russell 2000 Growth ETF 9.5 23 16 3.1 -5.8
DFAS Dimensional U.S. Small Cap ETF 9.5 28 11 7.5 -1.5
DSMC Distillate Small/Mid Cash Flow ETF 9.4 55 -16 13.5 +4.6
PTF Invesco DWA Technology Momentum ETF 9.4 60 -21 4.6 -4.4
IWM iShares Russell 2000 ETF 9.4 19 20 4.9 -4.1
PSCC Invesco S&P SmallCap Consumer Staples ETF 9.4 29 10 6.1 -2.8
VTWO Vanguard Russell 2000 Index Fund 9.4 10 29 4.9 -4.0
DFAT Dimensional U.S. Targeted Value ETF 9.3 29 10 10.1 +1.2
DFSV Dimensional US Small Cap Value ETF 9.3 31 8 9.5 +0.6
IWN iShares Russell 2000 Value ETF 9.3 23 16 6.7 -2.2
VTWV Vanguard Russell 2000 Value Index Fund 9.2 15 24 6.7 -2.3
VFMF Vanguard U.S. Multifactor ETF 8.9 18 21 10.8 +1.9
PSCF Invesco S&P SmallCap Financials ETF 8.5 29 10 11.8 +2.8
SYLD Cambria Shareholder Yield ETF 8.2 59 -20 13.6 +4.6
STXK Strive Small-Cap ETF 8.2 18 21 6.4 -2.5
RAYD Rayliant Quantitative Developed Market Equity ETF 7.9 80 -41 9.5 +0.6
JSML Janus Henderson Small Cap Growth Alpha ETF 7.7 30 9 11.7 +2.8
PYZ Invesco DWA Basic Materials Momentum ETF 7.7 60 -21 9.2 +0.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 7.6 29 10 13.5 +4.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.6 25 14 7.4 -1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.5 39 0 5.8 -3.1
SIXL 6 Meridian Low Beta Equity Strategy ETF 7.5 82 -43 6.7 -2.2
PWC Invesco Dynamic Market ETF 7.3 60 -21 8.1 -0.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.2 20 19 6.5 -2.4
XME SPDR S&P Metals & Mining ETF 7.2 35 4 8.6 -0.4
FYT First Trust Small Cap Value AlphaDEX Fund 7.1 71 -32 13.4 +4.5
ISCG iShares Morningstar Small-Cap Growth ETF 7.1 6 33 2.3 -6.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.1 30 9 10.9 +2.0
ISMD Inspire Small/Mid Cap Impact ETF 7.1 48 -9 6.8 -2.1
OSCV Opus Small Cap Value Plus ETF 6.9 79 -40 7.1 -1.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.8 35 4 13.8 +4.9
BFOR Barron's 400 ETF 6.7 65 -26 10.7 +1.7
PSL Invesco DWA Consumer Staples Momentum ETF 6.6 60 -21 5.8 -3.1
AIRR First Trust RBA American Industrial Renaissance ETF 6.6 70 -31 6.8 -2.2
SCHA Schwab U.S. Small-Cap ETF 6.5 4 35 6.0 -2.9
SLX VanEck Steel ETF 6.4 55 -16 24.8 +15.9
ISCB iShares Morningstar Small-Cap ETF 6.4 4 35 5.6 -3.3
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 6.1 108 -69 4.0 -5.0
IWC iShares Micro-Cap ETF 6.1 60 -21 -4.6 -13.5
JHSC John Hancock Multifactor Small Cap ETF 6.0 42 -3 7.4 -1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.0 30 9 10.3 +1.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 5.9 24 15 9.3 +0.3
DBLV AdvisorShares DoubleLine Value Equity ETF 5.9 91 -52 13.1 +4.2
VFQY Vanguard U.S. Quality Factor ETF 5.8 13 26 9.1 +0.2
ISCV iShares Morningstar Small Cap Value ETF 5.7 6 33 9.0 +0.0
SMDV ProShares Russell 2000 Dividend Growers ETF 5.7 41 -2 7.0 -2.0
PXJ Invesco Dynamic Oil & Gas Services ETF 5.6 63 -24 0.1 -8.8
IEZ iShares U.S. Oil Equipment & Services ETF 5.6 39 0 1.6 -7.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 5.6 35 4 -1.9 -10.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.6 6 33 5.9 -3.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.5 30 9 12.6 +3.6
BKSE BNY Mellon US Small Cap Core Equity ETF 5.2 4 35 6.5 -2.4
FFTY Innovator IBD 50 ETF 5.2 80 -41 2.3 -6.6
OIH VanEck Oil Services ETF 5.2 35 4 0.7 -8.2
PTH Invesco DWA Healthcare Momentum ETF 5.1 60 -21 -3.7 -12.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.0 17 22 5.9 -3.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.9 80 -41 7.1 -1.8
ERSX ERShares NextGen Entrepreneurs ETF 4.9 75 -36 6.8 -2.1
VBR Vanguard Small Cap Value Index Fund 4.9 7 32 9.6 +0.6
MAKX ProShares S&P Kensho Smart Factories ETF 4.9 58 -19 3.8 -5.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 4.8 63 -24 5.3 -3.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 4.8 35 4 9.5 +0.5
WGRO WisdomTree U.S. Growth & Momentum Fund 4.7 55 -16 7.7 -1.2
PRN Invesco DWA Industrials Momentum ETF 4.4 60 -21 6.1 -2.9
FDWM Fidelity Women's Leadership ETF 4.4 59 -20 6.4 -2.6
EZM WisdomTree U.S. MidCap Earnings Fund 4.3 38 1 12.2 +3.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 4.2 127 -88 3.1 -5.9
IFRA iShares U.S. Infrastructure ETF 4.2 30 9 7.1 -1.8
RNMC Mid Cap US Equity Select ETF 4.2 60 -21 10.0 +1.0
QQQS Invesco NASDAQ Future Gen 200 ETF 4.1 20 19 -8.3 -17.2
NUSC Nuveen ESG Small-Cap ETF 4.0 30 9 5.9 -3.0
XPH SPDR S&P Pharmaceuticals ETF 4.0 35 4 3.1 -5.8
PXI Invesco DWA Energy Momentum ETF 4.0 60 -21 6.5 -2.5
PSJ Invesco Dynamic Software ETF 4.0 56 -17 4.4 -4.5
ZIG The Acquirers Fund 3.9 89 -50 16.5 +7.6
HLGE Hartford Longevity Economy ETF 3.9 44 -5 8.6 -0.4
VB Vanguard Small-Cap ETF 3.9 5 34 6.4 -2.5
VFVA Vanguard U.S. Value Factor ETF 3.8 13 26 13.0 +4.0
GVLU Gotham 1000 Value ETF 3.7 50 -11 12.1 +3.2
XHS SPDR S&P Health Care Services ETF 3.7 35 4 1.3 -7.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.7 60 -21 12.4 +3.5
VXF Vanguard Extended Market Index Fund 3.6 6 33 4.5 -4.4
BOUT Innovator IBD Breakout Opportunities ETF 3.6 80 -41 7.0 -2.0
IHE iShares U.S. Pharmaceuticals ETF 3.6 39 0 8.8 -0.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 3.6 35 4 13.2 +4.3
EATV VegTech Plant-based Innovation & Climate ETF 3.5 75 -36 5.1 -3.9
AFMC First Trust Active Factor Mid Cap ETF 3.5 65 -26 10.3 +1.4
KOMP SPDR Kensho New Economies Composite ETF 3.4 20 19 -1.3 -10.2
SNSR Global X Internet of Things Thematic ETF 3.4 68 -29 5.0 -3.9
PBJ Invesco Dynamic Food & Beverage ETF 3.3 63 -24 6.2 -2.7
AZTD Aztlan Global Stock Selection DM SMID ETF 3.2 75 -36 7.2 -1.7
FSMO Fidelity Small-Mid Cap Opportunities ETF 3.2 64 -25 8.2 -0.7
DEEP Roundhill Acquirers Deep Value ETF 3.2 80 -41 18.3 +9.3
PAVE Global X U.S. Infrastructure Development ETF 3.2 47 -8 7.7 -1.2
PJP Invesco Dynamic Pharmaceuticals ETF 3.1 58 -19 10.4 +1.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 3.0 70 -31 4.0 -4.9
XAR SPDR S&P Aerospace & Defense ETF 3.0 35 4 1.8 -7.2
MISL First Trust Indxx Aerospace & Defense ETF 3.0 60 -21 4.5 -4.5
XRT SPDR S&P Retail ETF 2.9 35 4 1.3 -7.6
FNX First Trust Mid Cap Core AlphaDEX Fund 2.9 59 -20 9.6 +0.7
XSD SPDR S&P Semiconductor ETF 2.8 35 4 6.8 -2.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 2.8 60 -21 11.2 +2.3
SBIO ALPS Medical Breakthroughs ETF 2.7 50 -11 -1.9 -10.9
VUSE Vident Core US Equity Fund 2.7 50 -11 9.2 +0.3
FDM First Trust Dow Jones Select Microcap Index Fund 2.7 60 -21 10.1 +1.1
SAGP Strategas Global Policy Opportunities ETF 2.7 65 -26 7.7 -1.2
PXE Invesco Dynamic Energy Exploration & Production ETF 2.6 63 -24 16.6 +7.6
ACTV LeaderShares Activist Leaders ETF 2.6 75 -36 12.1 +3.2
RYJ Invesco Raymond James SB-1 Equity ETF 2.6 81 -42 5.9 -3.0
ROKT SPDR S&P Kensho Final Frontiers ETF 2.6 45 -6 1.8 -7.2
PPA Invesco Aerospace & Defense ETF 2.6 61 -22 4.5 -4.4
VFMV Vanguard U.S. Minimum Volatility ETF 2.5 13 26 6.9 -2.0
VBK Vanguard Small-Cap Growth Index Fund 2.5 7 32 1.8 -7.1
IBRN iShares Neuroscience and Healthcare ETF 2.4 47 -8 -3.4 -12.4
AMID Argent Mid Cap ETF 2.4 52 -13 10.7 +1.8
BRNY Burney U.S. Factor Rotation ETF 2.4 79 -40 9.3 +0.4
IPDP Dividend Performers ETF 2.3 89 -50 7.2 -1.7
FNK First Trust Mid Cap Value AlphaDEX Fund 2.3 70 -31 13.7 +4.8
GURU Global X Guru Index ETF 2.3 75 -36 5.0 -3.9
FITE SPDR Kensho Future Security ETF 2.3 45 -6 3.5 -5.5
FIW First Trust Water ETF 2.2 53 -14 4.5 -4.4
PHO Invesco Water Resources ETF 2.2 60 -21 5.0 -3.9
MGMT Ballast Small/Mid Cap ETF 2.2 110 -71 8.8 -0.2
BFIT Global X Health & Wellness ETF 2.2 50 -11 6.0 -2.9
KIE SPDR S&P Insurance ETF 2.2 35 4 9.0 +0.0
FAB First Trust Multi Cap Value AlphaDEX Fund 2.1 69 -30 11.9 +2.9
PSI Invesco Dynamic Semiconductors ETF 2.1 56 -17 7.4 -1.5
TINY ProShares Nanotechnology ETF 2.1 58 -19 1.8 -7.2
XBI SPDR S&P BIOTECH ETF 2.0 35 4 0.0 -8.9
IHF iShares U.S. Healthcare Providers ETF 2.0 39 0 6.7 -2.2
XTL SPDR S&P Telecom ETF 2.0 35 4 6.7 -2.3
ITA iShares U.S. Aerospace & Defense ETF 2.0 39 0 4.4 -4.5
CVY Invesco Zacks Multi-Asset Income ETF 2.0 100 -61 13.6 +4.7
FLRG Fidelity U.S. Multifactor ETF 1.9 29 10 8.5 -0.5
KRE SPDR S&P Regional Banking ETF 1.9 35 4 14.1 +5.2
RFFC RiverFront Dynamic US Flex-Cap ETF 1.8 52 -13 7.1 -1.8
XSW SPDR S&P Software & Services ETF 1.8 35 4 3.2 -5.8
KCAL Subversive Food Security ETF 1.8 75 -36 10.2 +1.2
UAV AdvisorShares Drone Technology ETF 1.7 99 -60 5.7 -3.2
FSTA Fidelity MSCI Consumer Staples Index ETF 1.7 8 31 6.1 -2.9
FMAT Fidelity MSCI Materials Index ETF 1.7 84 -45 7.1 -1.8
PFI Invesco DWA Financial Momentum ETF 1.7 60 -21 8.6 -0.4
VDC Vanguard Consumer Staples Index Fund 1.7 10 29 6.1 -2.8
DON WisdomTree U.S. MidCap Dividend Fund 1.7 38 1 10.3 +1.3
DFAC Dimensional U.S. Core Equity 2 ETF 1.7 19 20 7.5 -1.4
NVQ QRAFT AI-Enhanced US Next Value ETF 1.7 75 -36 13.4 +4.5
BLDG Cambria Global Real Estate ETF 1.6 59 -20 10.6 +1.6
VAW Vanguard Materials Index Fund 1.6 10 29 7.8 -1.2
MBOX Freedom Day Dividend ETF 1.6 39 0 9.1 +0.1
RDVY First Trust Rising Dividend Achievers ETF 1.6 50 -11 9.9 +0.9
TMFS Motley Fool Small Cap Growth ETF 1.6 85 -46 4.1 -4.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 1.6 25 14 7.4 -1.6
AVUS Avantis U.S. Equity ETF 1.6 15 24 7.8 -1.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 68 -29 2.7 -6.2
IPO Renaissance IPO ETF 1.6 60 -21 -49.6 -58.6
TTAC TrimTabs US Free Cash Flow Quality ETF 1.5 59 -20 8.2 -0.8
KCE SPDR S&P Capital Markets ETF 1.5 35 4 9.6 +0.7
FTXG First Trust Nasdaq Food & Beverage ETF 1.5 60 -21 6.4 -2.5
PXQ Invesco Dynamic Networking ETF 1.5 63 -24 5.2 -3.8
IGN iShares North American Tech-Multimedia Networking ETF 1.5 40 -1 8.0 -1.0
XHE SPDR S&P Health Care Equipment ETF 1.5 35 4 0.7 -8.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.5 7 32 6.2 -2.8
PRNT The 3D Printing ETF 1.5 66 -27 -3.2 -12.2
VDE Vanguard Energy Index Fund 1.4 10 29 8.3 -0.6
FIDU Fidelity MSCI Industrials Index ETF 1.4 8 31 6.4 -2.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 1.4 39 0 11.2 +2.3
SMOT VanEck Morningstar SMID Moat ETF 1.4 49 -10 9.4 +0.5
DFUV Dimensional US Marketwide Value ETF 1.4 23 16 9.5 +0.6
VIS Vanguard Industrials Index Fund 1.4 10 29 6.1 -2.9
FENY Fidelity MSCI Energy Index ETF 1.3 8 31 8.5 -0.5
HART IQ Healthy Hearts ETF 1.3 45 -6 6.2 -2.8
FCPI Fidelity Stocks for Inflation ETF 1.3 29 10 10.3 +1.3
FCG First Trust Natural Gas ETF 1.3 60 -21 12.4 +3.4
FPX First Trust US IPO Index Fund 1.3 57 -18 3.2 -5.8
USVT US Value ETF 1.3 49 -10 12.8 +3.9
DHS WisdomTree U.S. High Dividend Fund 1.3 38 1 10.3 +1.4
TRFM AAM Transformers ETF 1.3 49 -10 2.0 -6.9
VLU SPDR S&P 1500 Value Tilt ETF 1.2 12 27 8.8 -0.1
WBIY WBI Power Factor High Dividend ETF 1.2 70 -31 13.3 +4.4
NETL NETLease Corporate Real Estate ETF 1.2 60 -21 8.8 -0.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 1.2 35 4 17.2 +8.3
WDIV SPDR Global Dividend ETF 1.2 40 -1 11.8 +2.9
NDIV Amplify Natural Resources Dividend Income ETF 1.2 59 -20 15.8 +6.9
BTEC Principal Healthcare Innovators Index ETF 1.2 42 -3 -3.7 -12.7
VICE AdvisorShares Vice ETF 1.1 99 -60 7.9 -1.0
PPTY PPTY-U.S. Diversified Real Estate ETF 1.1 49 -10 7.7 -1.2
FAN First Trust Global Wind Energy ETF 1.1 62 -23 5.0 -3.9
CNRG SPDR S&P Kensho Clean Power ETF 1.1 45 -6 2.9 -6.0
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.1 60 -21 11.5 +2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.1 29 10 8.8 -0.1
PBE Invesco Dynamic Biotechnology & Genome ETF 1.1 59 -20 2.9 -6.1
DKRB Subversive Decarbonization ETF 1.1 75 -36 5.1 -3.9
DRIV Global X Autonomous & Electric Vehicles ETF 1.1 68 -29 5.0 -3.9
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 1.1 60 -21 11.2 +2.3
VRAI Virtus Real Asset Income ETF 1.1 55 -16 8.4 -0.5
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 1.1 48 -9 8.2 -0.7
AGNG Global X Aging Population ETF 1.1 50 -11 4.4 -4.5
MILN Global X Millennial Consumer ETF 1.0 50 -11 3.5 -5.4
LOUP Innovator Loup Frontier Tech ETF 1.0 70 -31 2.1 -6.9
ARKQ Ark Autonomous Tech. & Robotics ETF 1.0 75 -36 2.0 -7.0
ARKX ARK Space Exploration & Innovation ETF 1.0 75 -36 2.2 -6.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.0 65 -26 2.4 -6.6
BNE Blue Horizon BNE ETF 1.0 87 -48 5.2 -3.7
DTEC ALPS Disruptive Technologies ETF 1.0 50 -11 4.5 -4.4
DIV Global X SuperDividend US ETF 1.0 45 -6 8.8 -0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 0 12.8 +3.9
FIVG Defiance Next Gen Connectivity ETF 1.0 30 9 8.0 -0.9
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 -6 -5.4 -14.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 1.0 12 27 7.3 -1.7
IBBQ Invesco Nasdaq Biotechnology ETF 1.0 19 20 1.1 -7.8
IAK iShares U.S. Insurance ETF 1.0 39 0 8.4 -0.5
PKW Invesco Buyback Achievers ETF 0.9 64 -25 10.3 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -50 6.7 -2.3
VEGI iShares MSCI Global Agriculture Producers ETF 0.9 39 0 9.0 +0.0
SRHQ SRH U.S. Quality ETF 0.9 35 4 9.1 +0.1
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.9 69 -30 8.2 -0.7
PBW Invesco WilderHill Clean Energy ETF 0.9 61 -22 -7.9 -16.8
FTXL First Trust Nasdaq Semiconductor ETF 0.9 60 -21 7.7 -1.3
WFH Direxion Work From Home ETF 0.9 45 -6 0.0 -8.9
HKND Humankind US Stock ETF 0.9 11 28 8.4 -0.5
BTEK BlackRock Future Tech ETF 0.9 88 -49 0.8 -8.2
SANE Subversive Mental Health ETF 0.9 75 -36 6.3 -2.7
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.9 60 -21 8.7 -0.2
YUMY VanEck Future of Food ETF 0.9 69 -30 4.1 -4.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.9 70 -31 6.6 -2.3
SRET Global X SuperDividend REIT ETF 0.9 58 -19 9.9 +0.9
RIET Hoya Capital High Dividend Yield ETF 0.9 50 -11 12.7 +3.8
FXO First Trust Financials AlphaDEX Fund 0.9 61 -22 13.8 +4.8
KVLE KFA Value Liner Dynamic Core Equity Index ETF 0.8 55 -16 7.3 -1.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -6 7.7 -1.3
DFAU Dimensional US Core Equity Market ETF 0.8 12 27 6.9 -2.0
STCE Schwab Crypto Thematic ETF 0.8 30 9 -3.9 -12.9
IAI iShares U.S. Broker-Dealers ETF 0.8 39 0 8.9 0.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.8 25 14 8.2 -0.7
KBWR Invesco KBW Regional Banking ETF 0.8 35 4 11.9 +2.9
IGE iShares North American Natural Resources ETF 0.8 40 -1 8.0 -1.0
WOOD iShares Global Timber & Forestry ETF 0.8 40 -1 11.3 +2.3
CUT Invesco MSCI Global Timber ETF 0.8 60 -21 9.8 +0.9
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.8 79 -40 0.0 -8.9
ETHO Etho Climate Leadership U.S. ETF 0.8 47 -8 5.3 -3.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.7 50 -11 3.7 -5.3
CBSE Changebridge Capital Sustainable Equity ETF 0.7 85 -46 2.2 -6.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.7 21 18 4.7 -4.2
FMIL Fidelity New Millennium ETF 0.7 59 -20 6.9 -2.1
FSST Fidelity Sustainability U.S. Equity ETF 0.6 59 -20 6.3 -2.6
SXQG 6 Meridian Quality Growth ETF 0.6 100 -61 5.6 -3.3
CGW Invesco S&P Global Water Index ETF 0.6 57 -18 4.6 -4.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 -8 5.3 -3.6
EBLU Ecofin Global Water ESG Fund 0.6 40 -1 4.5 -4.4
KBE SPDR S&P Bank ETF 0.6 35 4 14.1 +5.2
SFYX Sofi Next 500 ETF 0.6 0 39 7.3 -1.7
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 0.6 35 4 3.5 -5.5
PKB Invesco Dynamic Building & Construction ETF 0.6 60 -21 10.8 +1.9
SPTM SPDR Portfolio Total Stock Market ETF 0.6 3 36 7.0 -1.9
BAD B.A.D. ETF 0.6 75 -36 3.2 -5.7
MJ ETFMG Alternative Harvest ETF 0.6 75 -36 0.0 -8.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 -13 8.8 -0.2
FVD First Trust Value Line Dividend Index Fund 0.6 67 -28 6.9 -2.1
IWV iShares Russell 3000 ETF 0.5 20 19 6.4 -2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 36 6.5 -2.4
VTHR Vanguard Russell 3000 Index Fund 0.5 10 29 6.5 -2.4
VTI Vanguard Total Stock Market Index Fund 0.5 3 36 6.5 -2.4
XT iShares Exponential Technologies ETF 0.5 46 -7 3.8 -5.2
FTXR First Trust Nasdaq Transportation ETF 0.5 60 -21 5.3 -3.6
FVAL Fidelity Value Factor ETF 0.5 29 10 10.1 +1.2
VHT Vanguard Health Care Index Fund 0.5 10 29 7.3 -1.7
FHLC Fidelity MSCI Health Care Index ETF 0.5 8 31 7.2 -1.8
SCHB Schwab U.S. Broad Market ETF 0.5 3 36 6.6 -2.3
DFUS Dimensional U.S. Equity ETF 0.5 11 28 6.7 -2.2
SHOC Strive U.S. Semiconductor ETF 0.5 40 -1 7.4 -1.6
DTD WisdomTree U.S.Total Dividend Fund 0.5 28 11 8.3 -0.7
STLV iShares Factors US Value Style ETF 0.5 25 14 10.7 +1.7
PSCU Invesco S&P SmallCap Utilities ETF 0.5 29 10 3.5 -5.5
XTN SPDR S&P Transportation ETF 0.5 35 4 -1.2 -10.2
RWR SPDR Dow Jones REIT ETF 0.5 25 14 7.7 -1.2
BOAT SonicShares Global Shipping ETF 0.5 69 -30 18.3 +9.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 0.5 45 -6 0.1 -8.8
FTXO First Trust Nasdaq Bank ETF 0.5 60 -21 14.8 +5.8
TMDV ProShares Russell US Dividend Growers ETF 0.5 36 3 6.6 -2.3
FEMA Procure Disaster Recovery Strategy ETF 0.5 75 -36 5.9 -3.1
DRLL Strive U.S. Energy ETF 0.5 41 -2 7.9 -1.0
ROUS Hartford Multifactor US Equity ETF 0.5 19 20 8.7 -0.2
TPYP Tortoise North American Pipeline Fund 0.5 40 -1 5.7 -3.2
USAI Pacer American Energy Independence ETF 0.5 75 -36 3.7 -5.2
MLPX Global X MLP & Energy Infrastructure ETF 0.5 45 -6 5.4 -3.6
DFAR Dimensional US Real Estate ETF 0.4 19 20 7.6 -1.3
FRI First Trust S&P REIT Index Fund 0.4 50 -11 7.6 -1.4
BBP BioShares Biotechnology Products Fund 0.4 79 -40 -3.2 -12.2
SDIV Global X SuperDividend ETF 0.4 58 -19 19.7 +10.7
ICAP InfraCap Equity Income Fund ETF 0.4 80 -41 11.2 +2.3
RDOG ALPS REIT Dividend Dogs ETF 0.4 35 4 13.1 +4.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.4 11 28 8.0 -1.0
USRT iShares Core U.S. REIT ETF 0.4 8 31 8.0 -1.0
FINX Global X FinTech Thematic ETF 0.4 68 -29 5.2 -3.8
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.4 18 21 6.4 -2.5
HAP VanEck Natural Resources ETF 0.4 49 -10 9.4 +0.4
CGV Conductor Global Equity Value ETF 0.4 128 -89 13.4 +4.5
VFH Vanguard Financials Index Fund 0.4 10 29 9.9 +0.9
VCR Vanguard Consumer Discretionary Index Fund 0.4 10 29 5.9 -3.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.4 8 31 5.9 -3.1
FLDZ RiverNorth Volition America Patriot ETF 0.4 70 -31 7.3 -1.6
FNCL Fidelity MSCI Financials Index ETF 0.4 8 31 9.9 +0.9
FILL iShares MSCI Global Energy Producers ETF 0.4 39 0 10.5 +1.6
REZ iShares Residential Real Estate Capped ETF 0.4 48 -9 6.8 -2.2
PDP Invesco DWA Momentum ETF 0.4 62 -23 5.9 -3.0
TRFK Pacer Data and Digital Revolution ETF 0.4 60 -21 5.8 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 0 8.3 -0.7
TMFX Motley Fool Next Index ETF 0.4 50 -11 4.0 -4.9
SCHH Schwab U.S. REIT ETF 0.4 7 32 7.8 -1.2
CZA Invesco Zacks Mid-Cap ETF 0.4 69 -30 7.8 -1.1
GENY Principal Millennials Index ETF 0.4 45 -6 6.7 -2.2
BYTE Roundhill IO Digital Infrastructure ETF 0.3 76 -37 5.3 -3.6
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -11 7.1 -1.9
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 30 6.5 -2.4
FREL Fidelity MSCI Real Estate Index ETF 0.3 84 -45 7.0 -1.9
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 31 6.1 -2.9
VGT Vanguard Information Technology Index Fund 0.3 10 29 6.1 -2.9
SHPP Pacer Industrials and Logistics ETF 0.3 60 -21 10.9 +1.9
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -31 10.3 +1.4
CGGR Capital Group Growth ETF 0.3 39 0 5.0 -4.0
REET iShares Global REIT ETF 0.3 14 25 7.5 -1.5
VNQ Vanguard REIT Index Fund 0.3 12 27 7.8 -1.2
IBB iShares NASDAQ Biotechnology ETF 0.3 44 -5 0.6 -8.3
USMF WisdomTree U.S. Multifactor Fund 0.3 28 11 9.4 +0.4
IGV iShares Expanded Tech-Software ETF 0.3 40 -1 4.6 -4.4
IDRV iShares Self-driving EV & Tech ETF 0.3 47 -8 1.0 -8.0
IGM iShares Expanded Tech Sector ETF 0.3 40 -1 5.7 -3.2
MVPS Amplify Thematic All-Stars ETF 0.3 49 -10 2.1 -6.8
AVRE Avantis Real Estate ETF 0.3 17 22 6.7 -2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.3 25 14 8.3 -0.7
JRNY ALPS Global Travel Beneficiaries ETF 0.3 65 -26 0.8 -8.1
EATZ AdvisorShares Restaurant ETF 0.2 99 -60 -2.9 -11.8
VT Vanguard Total World Stock ETF 0.2 7 32 7.3 -1.7
OCEN IQ Clean Oceans ETF 0.2 45 -6 6.8 -2.2
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.2 65 -26 7.7 -1.3
CGUS Capital Group Core Equity ETF 0.2 33 6 6.7 -2.2
IYT iShares Transportation Average ETF 0.2 39 0 4.4 -4.5
SCHD Schwab U.S. Dividend Equity ETF 0.2 6 33 9.7 +0.7
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 24 9.4 +0.5
EMLP First Trust North American Energy Infrastructure Fund 0.2 95 -56 5.9 -3.1
VDNI V-Shares US Leadership Diversity ETF 0.2 29 10 6.8 -2.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -6 6.0 -3.0
GDOC Goldman Sachs Future Health Care Equity ETF 0.2 75 -36 1.8 -7.2
LRGF iShares Edge MSCI Multifactor USA ETF 0.2 8 31 7.9 -1.1
PFM Invesco Dividend Achievers ETF 0.2 53 -14 7.0 -1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 -7 10.0 +1.1
IUS Invesco Strategic US ETF 0.2 19 20 8.1 -0.8
FDMO Fidelity Momentum Factor ETF 0.2 29 10 6.7 -2.3
VYM Vanguard High Dividend Yield Index ETF 0.2 6 33 8.8 -0.2
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 27 10.2 +1.3
VIG Vanguard Dividend Appreciation Index Fund 0.2 6 33 7.1 -1.9
ERET iShares Environmentally Aware Real Estate ETF 0.2 30 9 7.6 -1.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 0.2 8 31 6.4 -2.6
VOX Vanguard Telecommunication Services Index Fund 0.2 10 29 6.4 -2.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 -11 7.7 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 30 7.0 -1.9
ROOF IQ US Real Estate Small Cap ETF 0.1 60 -21 7.2 -1.7
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 12 8.0 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 0.1 41 -2 8.3 -0.6
DEW WisdomTree Global High Dividend Fund 0.1 58 -19 11.0 +2.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.1 24 15 9.6 +0.7
LVHD Legg Mason Low Volatility High Dividend ETF 0.1 27 12 8.4 -0.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.1 30 9 9.3 +0.3
DIVB iShares Core Dividend 0.1 5 34 9.5 +0.6
DGRO iShares Core Dividend Growth ETF 0.1 8 31 8.0 -1.0
IYF iShares U.S. Financials ETF 0.1 39 0 9.1 +0.1
TECB iShares US Tech Breakthrough Multisector ETF 0.1 40 -1 5.4 -3.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.1 28 11 7.2 -1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -8 6.3 -2.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 19 9.3 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 19 7.2 -1.7
DSI iShares MSCI KLD 400 Social ETF 0.1 25 14 6.7 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 19 11.0 +2.1
SMMD iShares Russell 2500 ETF 0.1 15 24 6.8 -2.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 27 7.5 -1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 22 8.7 -0.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.1 63 -24 5.1 -3.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 25 6.6 -2.4
IWS iShares Russell Mid-Cap Value ETF 0.0 23 16 7.9 -1.0
SCHK Schwab 1000 Index ETF 0.0 5 34 6.7 -2.2
BTHM BlackRock Future U.S. Themes ETF 0.0 60 -21 6.6 -2.4
AIEQ AI Powered Equity ETF 0.0 75 -36 -6.1 -15.0
IWR iShares Russell Midcap ETF 0.0 18 21 6.9 -2.1
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -20 2.9 -6.1
DFIS Dimensional International Small Cap ETF 0.0 39 0 6.4 -2.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 19 8.7 -0.2
VONV Vanguard Russell 1000 Value Index Fund 0.0 8 31 8.1 -0.8
IWD iShares Russell 1000 Value ETF 0.0 18 21 8.0 -1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 24 6.4 -2.6
IYY iShares Dow Jones U.S. ETF 0.0 20 19 6.5 -2.4
IWB iShares Russell 1000 ETF 0.0 15 24 6.6 -2.4
VONE Vanguard Russell 1000 ETF 0.0 8 31 6.7 -2.3
ACVF American Conservative Values ETF 0.0 75 -36 5.9 -3.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.0 40 -1 8.0 -0.9
IUSS Invesco Strategic US Small Company ETF 0.0 23 16 7.5 -1.4

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 Invesco S&P SmallCap Momentum ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.52
 
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.