Invesco S&P SmallCap Value with Momentum ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 16.7x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Value with Momentum ETF tracks the S&P 600 High Momentum Value Index which holds 120 securities in the S&P SmallCap 600 that have the highest value scores and momentum scores.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Mar 03, 2005
Assets (mns) $619
Currency USD
Expense ratio 36 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 119
Wgt avg mkt cap (mns) $2,478
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.7%
Small cap (<$2bn) 55.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VISHAY INTERTECHNOLOGY INC 3.0 %
STONEX GROUP INC 2.4 %
MARINEMAX INC 1.9 %
UNITED NATURAL FOODS INC 1.7 %
ANDERSONS INC/THE 1.6 %
SONIC AUTOMOTIVE INC-CLASS A 1.4 %
G-III APPAREL GROUP LTD 1.4 %
SCHOLASTIC CORP 1.3 %
SCANSOURCE INC 1.3 %
ALPHA & OMEGA SEMICONDUCTOR 1.3 %
Total 17.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
BERMUDA 1.9 %
IRELAND 1.1 %
PUERTO RICO 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.2% 23.0% 8.3% 12.4% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.73 31%
MSCI EAFE 0.58 29%
MSCI Emg. Mkts. 0.25 14%

Technical Indicators
Recent close $68.29
30d moving avg. $70.88
Annualized volatility 21.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 19.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 42
Turnover 0.5%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $1,984

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 445 potential alternatives to the Invesco S&P SmallCap Value with Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with XSVM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSVM Expense: 36 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSVM
Ticker Fund
Name		 Overlap1
vs XSVM
(%)		 Expense
ratio
(bp)		 Savings
vs XSVM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XSVM
(%)
RZV Invesco S&P Smallcap 600 Pure Value ETF 30.7 35 1 7.0 -1.2
XSLV Invesco S&P SmallCap Low Volatility ETF 27.5 25 11 7.4 -0.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 24.7 39 -3 7.3 -0.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 24.1 47 -11 7.4 -0.8
FYT First Trust Small Cap Value AlphaDEX Fund 23.4 73 -37 9.5 +1.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 21.9 10 26 8.9 +0.7
SLYV State Street SPDR S&P 600 Small Cap Value ETF 21.7 15 21 9.0 +0.7
IJS iShares S&P Small-Cap 600 Value ETF 21.5 18 18 8.9 +0.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 18.2 15 21 6.3 -1.9
SIXS ETC 6 Meridian Small Cap Equity ETF 18.2 89 -53 7.8 -0.4
ROSC Hartford Multifactor Small Cap ETF 17.9 34 2 7.1 -1.1
XSMO Invesco S&P SmallCap Momentum ETF 17.6 39 -3 3.9 -4.3
AVUV Avantis U.S. Small Cap Value ETF 17.1 25 11 7.9 -0.3
KBE State Street SPDR S&P Bank ETF 16.7 35 1 8.5 +0.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 16.5 25 11 7.8 -0.4
SVAL iShares US Small Cap Value Factor ETF 16.5 20 16 7.0 -1.2
KRE State Street SPDR S&P Regional Banking ETF 16.4 35 1 8.4 +0.2
GRPZ Invesco S&P SmallCap 600 GARP ETF 16.2 35 1 5.9 -2.3
FYX First Trust Small Cap Core AlphaDEX Fund 15.7 61 -25 5.2 -3.0
VIOO Vanguard S&P Small-Cap 600 ETF 15.4 7 29 6.2 -2.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 15.2 3 33 6.4 -1.8
VTWV Vanguard Russell 2000 Value ETF 14.7 10 26 4.8 -3.4
XJR iShares ESG Screened S&P Small-Cap ETF 14.6 12 24 6.3 -2.0
IWN iShares Russell 2000 Value ETF 14.6 24 12 4.7 -3.5
IJR iShares Core S&P Small Cap ETF 14.6 6 30 6.4 -1.8
DFSV Dimensional US Small Cap Value ETF 14.3 31 5 8.6 +0.4
EES WisdomTree U.S. SmallCap Fund 14.0 38 -2 7.8 -0.4
AVSC Avantis U.S Small Cap Equity ETF 13.3 25 11 4.6 -3.6
AFSM First Trust Active Factor Small Cap ETF 13.1 75 -39 5.6 -2.6
SMCF Themes US Small Cap Cash Flow Champions ETF 13.1 29 7 9.7 +1.5
DES WisdomTree U.S. SmallCap Dividend Fund 12.3 38 -2 8.1 -0.1
TPSC Timothy Plan US Small Cap Core ETF 12.3 52 -16 6.7 -1.5
SMDV ProShares Russell 2000 Dividend Growers ETF 11.8 40 -4 6.9 -1.3
VAMO Cambria Value & Momentum ETF 11.5 61 -25 5.2 -3.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.4 29 7 6.5 -1.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 11.1 29 7 8.9 +0.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 11.1 35 1 9.1 +0.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 11.0 35 1 6.8 -1.4
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 10.9 38 -2 9.1 +0.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.6 80 -44 7.0 -1.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.6 60 -24 7.5 -0.7
DFAT Dimensional U.S. Targeted Value ETF 10.4 28 8 8.6 +0.3
HAPS Harbor Human Capital Factor US Small Cap ETF 10.2 60 -24 3.2 -5.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 10.0 35 1 6.0 -2.2
DSMC Distillate Small/Mid Cash Flow ETF 9.6 55 -19 10.2 +2.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 9.5 35 1 3.2 -5.0
SQLV Royce Quant Small-Cap Quality Value ETF 9.1 60 -24 7.5 -0.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 6 13.9 +5.6
SIXL ETC 6 Meridian Low Beta Equity ETF 9.1 80 -44 6.0 -2.2
PSC Principal U.S. Small-Cap ETF 8.9 38 -2 3.6 -4.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.9 39 -3 3.6 -4.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 8.8 9 27 3.7 -4.5
XRT State Street SPDR S&P Retail ETF 8.7 35 1 8.0 -0.2
XSHQ Invesco S&P SmallCap Quality ETF 8.6 29 7 7.0 -1.2
ISMD Inspire Small/Mid Cap ETF 8.6 54 -18 5.0 -3.2
RSSL Global X Russell 2000 ETF 8.2 8 28 2.7 -5.5
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 8.2 12 24 3.4 -4.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 8.2 15 21 3.8 -4.4
VTWO Vanguard Russell 2000 ETF 8.2 7 29 2.8 -5.4
VFMF Vanguard U.S. Multifactor ETF 8.1 18 18 6.4 -1.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 8.1 10 26 3.8 -4.5
IWM iShares Russell 2000 ETF 8.1 19 17 2.7 -5.6
TCV Towle Value ETF 8.1 85 -49 9.1 +0.9
IJT iShares S&P Small-Cap 600 Growth ETF 8.1 18 18 3.8 -4.4
PSCE Invesco S&P SmallCap Energy ETF 8.0 29 7 6.5 -1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.9 20 16 4.0 -4.2
FNDA Schwab Fundamental US Small Co. Index ETF 7.9 25 11 6.2 -2.0
VFVA Vanguard U.S. Value Factor ETF 7.6 13 23 8.9 +0.6
PSCT Invesco S&P SmallCap Information Technology ETF 7.5 29 7 3.3 -4.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 7.4 35 1 6.6 -1.6
PFI Invesco Dorsey Wright Financial Momentum ETF 7.2 60 -24 4.9 -3.3
BKSE BNY Mellon US Small Cap Core Equity ETF 7.1 4 32 15.9 +7.7
FESM Fidelity Enhanced Small Cap ETF 7.0 28 8 2.3 -6.0
STXK Strive Small-Cap ETF 6.9 18 18 5.3 -2.9
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 6.9 55 -19 8.7 +0.5
PSCC Invesco S&P SmallCap Consumer Staples ETF 6.8 29 7 8.1 -0.2
HYP Golden Eagle Dynamic Hypergrowth ETF 6.8 85 -49 -0.8 -9.0
ISCV iShares Morningstar Small Cap Value ETF 6.6 6 30 7.7 -0.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 6.6 24 12 6.1 -2.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 6.3 49 -13 7.0 -1.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.2 39 -3 2.2 -6.0
FAB First Trust Multi Cap Value AlphaDEX Fund 6.2 67 -31 8.5 +0.2
SYLD Cambria Shareholder Yield ETF 6.1 59 -23 9.8 +1.6
DFAS Dimensional U.S. Small Cap ETF 5.8 26 10 5.6 -2.6
FSMD Fidelity Small-Mid Multifactor ETF 5.7 15 21 6.7 -1.6
ASCE Allspring SMID Core ETF 5.7 38 -2 3.1 -5.1
JHSC John Hancock Multifactor Small Cap ETF 5.6 42 -6 6.1 -2.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 5.6 79 -43 4.2 -4.0
SCHA Schwab U.S. Small-Cap ETF 5.5 4 32 4.5 -3.7
WCEO Hypatia Women CEO ETF 5.3 85 -49 4.6 -3.6
ECML Euclidean Fundamental Value ETF 5.2 95 -59 8.5 +0.2
JPSV JPMorgan Active Small Cap Value ETF 5.2 74 -38 7.3 -0.9
PSCI Invesco S&P SmallCap Industrials ETF 5.0 29 7 4.9 -3.3
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 5.0 59 -23 8.0 -0.2
FDLS Inspire Fidelis Multi Factor ETF 5.0 76 -40 3.2 -5.0
FNK First Trust Mid Cap Value AlphaDEX Fund 4.9 70 -34 9.5 +1.3
RNIN Bushido Capital US SMID Cap Equity ETF 4.9 70 -34 9.3 +1.0
KIE State Street SPDR S&P Insurance ETF 4.8 35 1 6.4 -1.8
SMOX Horizon Small/Mid Cap Core Equity ETF 4.8 75 -39 5.5 -2.7
DEEP Roundhill Acquirers Deep Value ETF 4.8 80 -44 15.1 +6.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 4.6 60 -24 -0.9 -9.1
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 4.6 55 -19 3.5 -4.8
FDM First Trust Dow Jones Select MicroCap Index Fund 4.3 60 -24 6.9 -1.4
ETHO Etho Climate Leadership U.S. ETF 4.3 47 -11 4.1 -4.1
VBR Vanguard Small Cap Value ETF 4.3 7 29 7.9 -0.3
PBJ Invesco Food & Beverage ETF 4.1 57 -21 8.3 +0.1
ISCB iShares Morningstar Small-Cap ETF 4.0 4 32 5.4 -2.8
BFOR ALPS Barron's 400 ETF 4.0 65 -29 22.0 +13.8
FYC First Trust Small Cap Growth AlphaDEX Fund 4.0 71 -35 -0.6 -8.8
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 4.0 60 -24 0.9 -7.3
FTXO First Trust Nasdaq Bank ETF 3.8 60 -24 7.5 -0.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 3.8 17 19 5.0 -3.2
PXJ Invesco Oil & Gas Services ETF 3.7 63 -27 2.5 -5.7
EZM WisdomTree U.S. MidCap Fund 3.6 38 -2 8.2 -0.1
SMMD iShares Russell 2500 ETF 3.5 15 21 5.6 -2.6
MORT VanEck Mortgage REIT Income ETF 3.5 43 -7 20.7 +12.4
DBSC Deepwater Beachfront Small Cap ETF 3.5 85 -49 1.2 -7.0
AFMC First Trust Active Factor Mid Cap ETF 3.5 65 -29 7.1 -1.1
RIET Hoya Capital High Dividend Yield ETF 3.4 50 -14 14.9 +6.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.4 60 -24 6.0 -2.2
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 3.4 60 -24 5.9 -2.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.3 20 16 5.7 -2.5
VXF Vanguard Extended Market ETF 3.3 5 31 3.8 -4.4
SDIV Global X Superdividend ETF 3.3 58 -22 14.0 +5.8
PXI Invesco Dorsey Wright Energy Momentum ETF 3.3 60 -24 4.8 -3.4
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 3.3 29 7 3.8 -4.4
ALIL Argent Focused Small Cap ETF 3.3 74 -38 6.0 -2.2
KBWD Invesco KBW High Dividend Yield Financial ETF 3.2 384 -348 18.6 +10.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 3.2 95 -59 -0.5 -8.7
VFQY Vanguard U.S. Quality Factor ETF 3.2 13 23 5.4 -2.8
HOMZ Hoya Capital Housing ETF 3.2 30 6 11.0 +2.8
IWC iShares Micro-Cap ETF 3.1 60 -24 -1.4 -9.6
MVPA Miller Value Partners Appreciation ETF 3.1 60 -24 9.6 +1.4
MGMT Ballast Small/Mid Cap ETF 3.1 110 -74 7.6 -0.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 3.0 59 -23 4.3 -3.9
DHS WisdomTree U.S. High Dividend Fund 3.0 38 -2 8.0 -0.2
SMLF iShares U.S. SmallCap Equity Factor ETF 3.0 15 21 5.0 -3.2
NUSC Nuveen ESG Small-Cap ETF 3.0 31 5 5.0 -3.2
CVY Invesco Zacks Multi-Asset Income ETF 2.9 106 -70 9.9 +1.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 2.9 40 -4 3.7 -4.5
PEY Invesco High Yield Equity Dividend Achievers ETF 2.9 52 -16 8.6 +0.4
FXO First Trust Financials AlphaDEX Fund 2.8 62 -26 7.9 -0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 2.8 60 -24 6.4 -1.8
DXUV Dimensional US Vector Equity ETF 2.8 28 8 5.2 -3.0
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 2.8 35 1 8.8 +0.6
VB Vanguard Small-Cap ETF 2.7 5 31 5.3 -2.9
FSCS First Trust SMID Capital Strength ETF 2.7 60 -24 7.2 -1.0
TXS Texas Capital Texas Equity Index ETF 2.7 49 -13 4.8 -3.4
OPTZ Optimize Strategy Index ETF 2.7 50 -14 3.6 -4.6
REM iShares Mortgage Real Estate ETF 2.7 48 -12 22.1 +13.9
WDIV SPDR S&P Global Dividend ETF 2.6 40 -4 8.9 +0.6
XES State Street SPDR S&P Oil & Gas Equipment & Services ETF 2.5 35 1 1.2 -7.0
DGLO First Trust RBA Deglobalization ETF 2.5 70 -34 5.5 -2.7
PSCM Invesco S&P SmallCap Materials ETF 2.5 29 7 10.6 +2.4
GVLU Gotham 1000 Value ETF 2.5 50 -14 8.0 -0.2
CALF Pacer US Small Cap Cash Cows 100 ETF 2.4 59 -23 8.2 +0.0
TMFG Motley Fool Global Opportunities ETF 2.4 85 -49 3.9 -4.3
TMFS Motley Fool Small-Cap Growth ETF 2.4 85 -49 1.3 -6.9
RSMC Rockefeller U.S. Small-Mid Cap ETF 2.4 75 -39 4.3 -3.9
TMFM Motley Fool Mid-Cap Growth ETF 2.4 85 -49 2.2 -6.0
PKW Invesco Buyback Achievers ETF 2.3 62 -26 7.0 -1.2
EBI Longview Advantage ETF 2.3 35 1 5.9 -2.3
LST Leuthold Select Industries ETF 2.3 91 -55 4.7 -3.5
WSML iShares MSCI World Small-Cap ETF 2.3 15 21 5.4 -2.8
KCE State Street SPDR S&P Capital Markets ETF 2.3 35 1 6.0 -2.3
CTEF Castellan Targeted Equity ETF 2.3 45 -9 3.0 -5.3
XME State Street SPDR S&P Metals & Mining ETF 2.2 35 1 5.7 -2.5
FTXR First Trust Nasdaq Transportation ETF 2.2 60 -24 7.2 -1.0
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 2.2 45 -9 -1.5 -9.8
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 2.2 48 -12 8.1 -0.2
DIV Global X SuperDividend US ETF 2.2 45 -9 9.6 +1.4
AIRR First Trust RBA American Industrial Renaissance ETF 2.1 70 -34 4.4 -3.8
FVD First Trust Value Line Dividend Index Fund 2.1 65 -29 5.7 -2.5
BOAT SonicShares Global Shipping ETF 2.1 69 -33 16.7 +8.5
IEZ iShares U.S. Oil Equipment & Services ETF 2.1 40 -4 2.9 -5.4
IAK iShares U.S. Insurance ETF 2.1 40 -4 6.7 -1.5
SRET Global X SuperDividend REIT ETF 2.0 59 -23 13.6 +5.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 2.0 25 11 4.9 -3.3
DON WisdomTree U.S. MidCap Dividend Fund 1.9 38 -2 8.2 +0.0
GLRY Inspire Faithward Mid Cap Momentum ETF 1.9 80 -44 4.4 -3.8
XTL State Street SPDR S&P Telecom ETF 1.9 35 1 1.8 -6.4
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -44 14.3 +6.1
VFMO Vanguard U.S. Momentum Factor ETF 1.7 13 23 1.8 -6.4
IWO iShares Russell 2000 Growth ETF 1.7 24 12 0.5 -7.7
FNCL Fidelity MSCI Financials Index ETF 1.7 8 28 5.9 -2.3
VFH Vanguard Financials ETF 1.7 9 27 6.0 -2.2
FINX Global X FinTech ETF 1.7 68 -32 3.0 -5.2
ACES ALPS Clean Energy ETF 1.6 55 -19 -3.1 -11.3
FFOX FundX Future Fund Opportunities ETF 1.6 100 -64 2.7 -5.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 -20 9.3 +1.1
AIRL Themes Airlines ETF 1.6 35 1 1.7 -6.5
TMDV ProShares Russell US Dividend Growers ETF 1.6 35 1 6.3 -2.0
STCE Schwab Crypto Thematic ETF 1.6 30 6 2.8 -5.4
NIXT Research Affiliates Deletions ETF 1.5 9 27 6.2 -2.1
OIH VanEck Oil Services ETF 1.5 35 1 2.6 -5.6
BCOR Grayscale Bitcoin Adopters ETF 1.5 59 -23 1.9 -6.3
VCR Vanguard Consumer Discretionary ETF 1.5 9 27 4.8 -3.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 1.5 12 24 6.1 -2.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.5 8 28 4.8 -3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.4 29 7 5.7 -2.5
QQQS Invesco NASDAQ Future Gen 200 ETF 1.4 20 16 -3.4 -11.6
VTWG Vanguard Russell 2000 Growth ETF 1.4 10 26 0.7 -7.5
DIVY Sound Equity Dividend Income ETF 1.4 45 -9 7.8 -0.5
ISCG iShares Morningstar Small-Cap Growth ETF 1.4 6 30 2.8 -5.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.4 20 16 0.9 -7.4
VRAI Virtus Real Asset Income ETF 1.3 55 -19 8.3 +0.1
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.3 8 28 5.7 -2.5
FPX First Trust US Equity Opportunities ETF 1.3 61 -25 0.9 -7.3
DEW WisdomTree Global High Dividend Fund 1.3 58 -22 7.1 -1.1
DFAC Dimensional U.S. Core Equity 2 ETF 1.3 17 19 4.7 -3.5
VDC Vanguard Consumer Staples ETF 1.3 9 27 5.7 -2.5
ZIG Acquirers Fund 1.3 84 -48 21.5 +13.3
XSD State Street SPDR S&P Semiconductor ETF 1.3 35 1 2.6 -5.7
VDE Vanguard Energy ETF 1.2 9 27 6.2 -2.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.2 30 6 4.0 -4.2
CVAR Cultivar ETF 1.2 87 -51 6.8 -1.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.2 60 -24 4.5 -3.7
PRNT 3D Printing ETF 1.2 66 -30 1.2 -7.0
FENY Fidelity MSCI Energy Index ETF 1.2 8 28 6.2 -2.0
PAVE Global X U.S. Infrastructure Development ETF 1.2 47 -11 4.6 -3.6
DRIV Global X Autonomous & Electric Vehicles ETF 1.2 68 -32 3.6 -4.6
JSML Janus Henderson Small Cap Growth Alpha ETF 1.2 30 6 2.8 -5.4
CGV Conductor Global Equity Value ETF 1.2 130 -94 7.7 -0.5
CRAK VanEck Oil Refiners ETF 1.2 61 -25 6.8 -1.4
PXE Invesco Energy Exploration & Production ETF 1.2 60 -24 10.3 +2.1
OSCV Opus Small Cap Value ETF 1.2 79 -43 6.1 -2.1
ARB AltShares Merger Arbitrage ETF 1.1 77 -41 2.7 -5.6
AVUS Avantis U.S. Equity ETF 1.1 15 21 4.8 -3.4
FNDB Schwab Fundamental US Broad Market Index ETF 1.1 25 11 6.1 -2.1
AZTD Aztlan Global Stock Selection DM SMID ETF 1.1 75 -39 4.4 -3.8
FFTY Innovator IBD 50 ETF 1.1 80 -44 0.1 -8.1
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.1 75 -39 5.9 -2.4
FDFF Fidelity Disruptive Finance ETF 1.1 50 -14 5.2 -3.0
GDIV Harbor Dividend Growth Leaders ETF 1.1 50 -14 4.1 -4.1
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -3 7.3 -0.9
IEO iShares U.S. Oil & Gas Exploration & Production ETF 1.1 40 -4 8.4 +0.2
DFUV Dimensional US Marketwide Value ETF 1.1 22 14 6.0 -2.3
BLOK Amplify Transformational Data Sharing ETF 1.1 75 -39 -0.1 -8.3
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 1.1 40 -4 4.1 -4.1
AUSF Global X Adaptive U.S. Factor ETF 1.1 27 9 8.1 -0.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 -3 8.1 -0.2
WBIY WBI Power Factor High Dividend ETF 1.0 100 -64 11.8 +3.6
AOTG AOT Growth and Innovation ETF 1.0 75 -39 1.3 -7.0
DCOR Dimensional US Core Equity 1 ETF 1.0 14 22 4.6 -3.6
XHS State Street SPDR S&P Health Care Services ETF 1.0 35 1 3.1 -5.1
AVSU Avantis Responsible U.S. Equity ETF 1.0 15 21 5.0 -3.2
MOTO SmartETFs Smart Transportation & Technology ETF 1.0 68 -32 5.9 -2.3
AVIE Avantis  Inflation Focused Equity ETF 1.0 25 11 5.8 -2.4
SURE AdvisorShares Insiders Advantage ETF 1.0 90 -54 7.7 -0.5
CSD Invesco S&P Spin-Off ETF 1.0 65 -29 4.0 -4.2
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -53 4.4 -3.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.0 27 9 6.7 -1.6
BWEB Bitwise Web3 ETF 0.9 85 -49 -0.1 -8.3
MNRS Grayscale Bitcoin Miners ETF 0.9 59 -23 -2.4 -10.6
DAPP VanEck Digital Transformation ETF 0.9 50 -14 0.0 -8.2
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.9 39 -3 -1.2 -9.4
BKCH Global X Blockchain ETF 0.9 50 -14 -3.2 -11.4
WTRE WisdomTree New Economy Real Estate Fund 0.9 58 -22 -0.3 -8.5
BITQ Bitwise Crypto Industry Innovators ETF 0.9 85 -49 -2.2 -10.4
WGMI Valkyrie Bitcoin Miners ETF 0.9 75 -39 -3.2 -11.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -25 -0.7 -8.9
IBLC iShares Blockchain and Tech ETF 0.9 47 -11 -1.3 -9.5
YALL God Bless America ETF 0.9 65 -29 4.6 -3.6
NVIR Horizon Kinetics Energy and Remediation ETF 0.9 85 -49 5.2 -3.0
DFSU Dimensional US Sustainability Core 1 ETF 0.9 18 18 4.7 -3.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.9 60 -24 5.3 -2.9
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.9 70 -34 4.2 -4.0
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 31 7.6 -0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.8 64 -28 1.4 -6.8
ITB iShares U.S. Home Construction ETF 0.8 40 -4 13.3 +5.1
FITE State Street SPDR S&P Kensho Future Security ETF 0.8 45 -9 1.1 -7.2
PRF Invesco FTSE RAFI US 1000 ETF 0.8 34 2 5.5 -2.7
IBUY Amplify Online Retail ETF 0.8 65 -29 2.4 -5.8
IUS Invesco RAFI Strategic US ETF 0.7 19 17 5.4 -2.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.7 70 -34 4.3 -3.9
HERO Global X Video Games & Esports ETF 0.7 50 -14 5.7 -2.5
DTD WisdomTree U.S. Total Dividend Fund 0.7 28 8 5.7 -2.5
XHB State Street SPDR S&P Homebuilders ETF 0.7 35 1 12.3 +4.1
GURU Global X Guru Index ETF 0.7 75 -39 2.4 -5.8
MFVL Motley Fool Value Factor ETF 0.7 50 -14 5.5 -2.7
ABLD Abacus FCF Real Assets Leaders ETF 0.7 69 -33 6.6 -1.6
FTXG First Trust Nasdaq Food & Beverage ETF 0.7 60 -24 7.7 -0.6
MOO VanEck Agribusiness ETF 0.7 53 -17 8.6 +0.4
AVMV Avantis U.S. Mid Cap Value ETF 0.6 20 16 7.6 -0.7
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 14 5.0 -3.2
KBWP Invesco KBW Property & Casualty Insurance ETF 0.6 35 1 7.0 -1.2
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.6 65 -29 5.2 -3.0
FSGS First Trust SMID Growth Strength ETF 0.6 60 -24 4.9 -3.4
SFGV Sequoia Global Value ETF 0.6 23 13 7.0 -1.2
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.6 38 -2 5.1 -3.1
VBK Vanguard Small-Cap Growth ETF 0.6 7 29 1.3 -6.9
GINN Goldman Sachs Innovate Equity ETF 0.6 52 -16 3.7 -4.5
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.6 43 -7 5.2 -3.0
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 23 5.8 -2.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.6 15 21 6.4 -1.8
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.6 45 -9 0.1 -8.2
PTF Invesco Dorsey Wright Technology Momentum ETF 0.6 60 -24 -1.1 -9.3
EIPX FT Energy Income Partners Strategy ETF 0.6 95 -59 5.7 -2.5
DFAU Dimensional US Core Equity Market ETF 0.6 12 24 4.4 -3.9
PSI Invesco Semiconductors ETF 0.6 57 -21 1.8 -6.4
VERS ProShares Metaverse ETF 0.6 58 -22 0.4 -7.8
IDRV iShares Self-driving EV & Tech ETF 0.6 47 -11 1.6 -6.6
AKAF The Frontier Economic Fund 0.6 20 16 5.4 -2.8
JETS U.S. Global Jets ETF 0.6 60 -24 2.7 -5.5
XTN State Street SPDR S&P Transportation ETF 0.6 35 1 3.7 -4.5
XSW State Street SPDR S&P Software & Services ETF 0.6 35 1 2.5 -5.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.6 25 11 6.1 -2.1
FLDZ RiverNorth Patriot ETF 0.5 75 -39 6.2 -2.0
DVY iShares Select Dividend ETF 0.5 38 -2 8.1 -0.2
VYM Vanguard High Dividend Yield Index ETF 0.5 6 30 6.1 -2.1
IGE iShares North American Natural Resources ETF 0.5 41 -5 5.4 -2.8
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.5 85 -49 0.0 -8.2
PSCH Invesco S&P SmallCap Health Care ETF 0.5 29 7 2.1 -6.2
IYT iShares US Transportation ETF 0.5 40 -4 4.9 -3.3
FVAL Fidelity Value Factor ETF 0.5 15 21 5.9 -2.3
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 21 5.8 -2.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 32 17.5 +9.3
QDF FlexShares Quality Dividend Index Fund 0.5 37 -1 5.4 -2.8
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -36 5.9 -2.3
FCPI Fidelity Stocks for Inflation ETF 0.5 15 21 5.8 -2.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.4 20 16 8.7 +0.4
TEXN iShares Texas Equity ETF 0.4 20 16 5.0 -3.2
TPYP Tortoise North American Pipeline Fund 0.4 40 -4 5.0 -3.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.4 12 24 4.0 -4.2
TMFX Motley Fool Next Index ETF 0.4 50 -14 2.8 -5.4
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 -6 5.6 -2.6
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -29 4.9 -3.3
NANR SPDR S&P North American Natural Resources ETF 0.4 35 1 5.9 -2.3
USMF WisdomTree U.S. Multifactor Fund 0.4 28 8 6.8 -1.4
CIBR First Trust NASDAQ Cybersecurity ETF 0.4 60 -24 3.1 -5.1
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 21 7.6 -0.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 -1 5.4 -2.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.4 3 33 4.4 -3.8
ACSG American Century Small Cap Growth Insights ETF 0.4 49 -13 4.9 -3.3
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -34 6.9 -1.4
DFUS Dimensional U.S. Equity ETF 0.4 9 27 4.1 -4.1
IWV iShares Russell 3000 ETF 0.4 20 16 4.1 -4.1
FDL First Trust Morningstar Dividend Leaders Index Fund 0.4 45 -9 8.9 +0.7
VTI Vanguard Total Stock Market ETF 0.4 3 33 4.2 -4.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 33 4.2 -4.0
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 28 3.1 -5.1
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 24 6.7 -1.5
VTHR Vanguard Russell 3000 ETF 0.4 7 29 4.2 -4.0
SCHB Schwab U.S. Broad Market ETF 0.4 3 33 4.3 -3.9
STXM Strive Mid-Cap ETF 0.4 18 18 6.0 -2.2
HWAY Themes US Infrastructure ETF 0.3 29 7 4.7 -3.5
VPU Vanguard Utilities ETF 0.3 9 27 5.4 -2.8
SCHD Schwab US Dividend Equity ETF 0.3 6 30 7.9 -0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -10 7.5 -0.7
FCOM Fidelity MSCI Communication Services Index ETF 0.3 8 28 4.6 -3.6
FUTY Fidelity MSCI Utilities Index ETF 0.3 8 28 5.4 -2.8
IFRA iShares U.S. Infrastructure ETF 0.3 30 6 6.1 -2.1
FMAT Fidelity MSCI Materials Index ETF 0.3 8 28 5.3 -3.0
ZAP Global X U.S. Electrification ETF 0.3 50 -14 3.7 -4.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 18 6.3 -2.0
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 32 6.0 -2.2
AIPO Defiance AI & Power Infrastructure ETF 0.3 69 -33 1.0 -7.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 29 5.4 -2.8
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 -9 4.3 -4.0
FTXN First Trust Nasdaq Oil & Gas ETF 0.3 60 -24 7.8 -0.4
VUSE Vident U.S. Equity Strategy ETF 0.3 50 -14 3.9 -4.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 16 6.2 -2.1
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 18 5.3 -2.9
VAW Vanguard Materials ETF 0.3 9 27 5.3 -3.0
BUYZ Franklin Disruptive Commerce ETF 0.3 50 -14 2.6 -5.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 21 5.1 -3.1
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 27 4.2 -4.0
VOX Vanguard Communication Services ETF 0.3 9 27 4.6 -3.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 15 3.0 -5.2
VIS Vanguard Industrials ETF 0.3 9 27 4.0 -4.3
VGT Vanguard Information Technology ETF 0.3 9 27 25.5 +17.3
IYF iShares U.S. Financials ETF 0.3 40 -4 5.6 -2.6
MFMO Motley Fool Momentum Factor ETF 0.3 50 -14 2.2 -6.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 24 3.4 -4.8
AVUQ Avantis U.S. Quality ETF 0.2 15 21 3.8 -4.4
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 13 5.4 -2.8
POWR iShares U.S. Power Infrastructure ETF 0.2 40 -4 4.5 -3.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 18 6.9 -1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -3 8.2 +0.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.2 24 12 7.3 -1.0
WSGE Warren Street Global Equity ETF 0.2 80 -44 2.9 -5.3
IWS iShares Russell Mid-Cap Value ETF 0.2 23 13 6.0 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 7 5.9 -2.3
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 28 3.9 -4.3
VT Vanguard Total World Stock ETF 0.2 6 30 5.0 -3.2
FDN First Trust Dow Jones Internet Index Fund 0.2 52 -16 2.6 -5.6
FDND FT Vest Dow Jones Internet & Target Income ETF 0.2 75 -39 2.6 -5.6
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 16 7.4 -0.8
FBCV Fidelity Blue Chip Value ETF 0.1 59 -23 5.5 -2.7
IGV iShares Expanded Tech-Software Sector ETF 0.1 41 -5 3.1 -5.1
IYG iShares US Financial Services ETF 0.1 40 -4 5.1 -3.1
SDY State Street SPDR S&P Dividend ETF 0.1 35 1 6.2 -2.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 -14 5.0 -3.3
IWR iShares Russell Midcap ETF 0.1 19 17 5.4 -2.8
REVS Columbia Research Enhanced Value ETF 0.1 19 17 6.4 -1.8
MADE iShares U.S. Manufacturing ETF 0.1 40 -4 3.9 -4.4
DIVB iShares Core Dividend ETF 0.1 5 31 6.4 -1.8
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 16 6.1 -2.1
OCEN IQ Clean Oceans ETF 0.1 45 -9 4.7 -3.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -10 5.5 -2.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 21 4.7 -3.5
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 18 4.4 -3.9
PFM Invesco Dividend Achievers ETF 0.1 53 -17 4.8 -3.5
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 19 6.5 -1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -11 5.1 -3.1
RECS Columbia Research Enhanced Core ETF 0.1 15 21 5.3 -2.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 1 1.1 -7.1
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -64 3.1 -5.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 27 4.9 -3.3
STXV Strive 1000 Value ETF 0.1 18 18 6.7 -1.5
IGM iShares Expanded Tech Sector ETF 0.1 41 -5 2.8 -5.5
ACVF American Conservative Values ETF 0.1 75 -39 3.8 -4.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 24 5.2 -3.0
VIG Vanguard Dividend Appreciation ETF 0.1 5 31 5.0 -3.2
DGRO iShares Core Dividend Growth ETF 0.1 8 28 5.6 -2.7
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 14 4.2 -4.0
VONV Vanguard Russell 1000 Value ETF 0.1 7 29 5.3 -3.0
DSI iShares MSCI KLD 400 Social ETF 0.1 25 11 4.2 -4.0
SCHK Schwab 1000 Index ETF 0.1 5 31 4.3 -3.9
IWD iShares Russell 1000 Value ETF 0.1 19 17 5.2 -3.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 21 4.3 -3.9
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 -14 3.5 -4.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 25 4.2 -4.0
PTL Inspire 500 ETF 0.0 9 27 4.7 -3.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 22 4.2 -4.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 18 3.5 -4.7
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.0 40 -4 2.8 -5.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 6 3.8 -4.5
TRFK Pacer Data and Digital Revolution ETF 0.0 60 -24 2.0 -6.2
RAUS RACWI US ETF 0.0 15 21 4.2 -4.0
IWB iShares Russell 1000 ETF 0.0 15 21 4.2 -4.0
VONE Vanguard Russell 1000 ETF 0.0 7 29 4.3 -3.9
IYY iShares Dow Jones U.S. ETF 0.0 20 16 4.1 -4.1
AVDS Avantis International Small Cap Equity ETF 0.0 30 6 5.9 -2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -39 3.2 -5.0
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 18 3.2 -5.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 16 4.3 -3.9
FHLC Fidelity MSCI Health Care Index ETF 0.0 8 28 5.0 -3.2
LRGF iShares U.S. Equity Factor ETF 0.0 8 28 4.6 -3.6
VHT Vanguard Health Care ETF 0.0 9 27 4.8 -3.4
DFIS Dimensional International Small Cap ETF 0.0 39 -3 6.1 -2.2
AVDV Avantis International Small Cap Value ETF 0.0 36 0 7.5 -0.7
AVDE Avantis International Equity ETF 0.0 23 13 6.2 -2.1
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -54 3.2 -5.0
AVSD Avantis Responsible International Equity ETF 0.0 23 13 5.9 -2.3

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 Value with Momentum 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 9.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 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.
 

 

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.