ETF Research Center

SPDR S&P Telecom ETF

ALTAR
Score™

3.6%

Recommen-
dation

AVOID

2025E 2026E
P/E ratio	38.6x	P/Sales ratio	1.1x
P/BV ratio	2.4x	Div. yield	1.9%

Description
Performance
Comps
Fundamentals
Valuation
Rating

SPDR S&P Telecom ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Telecom Select Industry Index.

FUND BASICS
Category	US Equities
Fund Sponsor	SSGA Funds Management Inc
Website	www.spdrs.com
Inception date	Jan 26, 2011
Assets (mns)	$111
Currency	USD
Expense ratio	35 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	State Street Bank & Trust
Weighting	Equal
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	34
Wgt avg mkt cap (mns)	$49,337
Large cap (>$10bn)	41.1%
Mid cap ($2-10bn)	33.6%
Small cap (<$2bn)	25.4%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	47.0 %
AST SPACEMOBILE, INC. CLASS A	5.5 %
AT&T INC	5.2 %
T-MOBILE US, INC.	5.0 %
VERIZON COMMUNICATIONS INC	4.7 %
FRONTIER COMMUNICATIONS PARENT, IN	4.7 %
CISCO SYSTEMS INC	4.7 %
F5 NETWORKS INC	4.6 %
JUNIPER NETWORKS INC	4.4 %
IRIDIUM COMMUNICATIONS INC.	4.2 %
TELEPHONE AND DATA SYSTEMS, INC.	4.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	89.9 %

Standardized Annual Returns (thru March 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-6.6%	35.1%	12.1%	6.8%	6.2%

Market Correlations
versus...	Beta	R-squared
S&P500	1.11	55%
MSCI EAFE	0.87	33%
MSCI Emg. Mkts.	0.51	11%

Technical Indicators
Recent close	$88.85
30d moving avg.	$102.92
Annualized volatility	26.2%
Short interest (ETF)	0.2%
Short interest (Underlying)	7.1%
Relative strength (RSI)	33

Liquidity measures
Avg. volume (thou.)	19
Turnover	1.5%
Bid/Ask (% of price)	0.20%
ADV underlying (mns)	$3,235

FINDING ALTERNATIVE FUNDS

Below is a list of 652 potential alternatives to the SPDR S&P Telecom ETF ETF based on the alternatives' overlap in portfolio holdings with XTL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

XTL

Expense:

35 bp

ALTAR Score™:

3.6%

ALTERNATIVE ETFs BASED ON OVERLAP WITH XTL
Ticker	Fund Name	Overlap¹ vs XTL (%)	Expense ratio (bp)	Savings vs XTL (bp)	ALTAR Score™ (%)	ALTAR vs XTL (%)
IYZ	iShares U.S. Telecommunications ETF	43.3	40	-5	7.4	+3.8
SIXG	Defiance Connective Technologies ETF	29.4	30	5	5.3	+1.7
KNCT	Invesco Next Gen Connectivity ETF	19.7	40	-5	5.8	+2.2
FIVG	Defiance Next Gen Connectivity ETF	19.7	30	5	5.6	+2.0
RSPC	Invesco S&P 500 Equal Weight Communication Services ETF	19.6	40	-5	6.5	+2.9
IDGT	iShares U.S. Digital Infrastructure and Real Estate ETF	19.6	41	-6	3.2	-0.4
FCOM	Fidelity MSCI Communication Services Index ETF	15.6	8	27	5.8	+2.2
VOX	Vanguard Communication Services ETF	15.4	10	25	5.8	+2.2
XLC	Communication Services Select Sector SPDR Fund	14.9	8	27	6.2	+2.6
VLUE	iShares MSCI USA Value Factor ETF	13.8	15	20	11.4	+7.9
XPND	First Trust Expanded Technology ETF	13.3	65	-30	4.9	+1.3
TRFK	Pacer Data and Digital Revolution ETF	12.9	60	-25	4.6	+1.0
ACSI	American Customer Satisfaction ETF	12.6	65	-30	5.9	+2.3
PSCU	Invesco S&P SmallCap Utilities & Communication Services ETF	12.5	29	6	4.9	+1.3
IXP	iShares Global Comm Services ETF	12.3	42	-7	7.4	+3.8
SELV	SEI Enhanced Low Volatility U.S. Large Cap ETF	12.0	15	20	7.6	+4.0
UFO	Procure Space ETF	11.6	75	-40	-0.5	-4.0
TDIV	First Trust NASDAQ Technology Dividend Index Fund	11.4	50	-15	7.3	+3.7
AUSF	Global X Adaptive U.S. Factor ETF	10.2	27	8	10.3	+6.7
MDLV	Morgan Dempsey Large Cap Value ETF	10.1	58	-23	7.7	+4.1
WBIY	WBI Power Factor High Dividend ETF	9.9	100	-65	15.1	+11.5
SPDG	SPDR Portfolio S&P Sector Neutral Dividend ETF	9.8	5	30	8.0	+4.4
FITE	SPDR S&P Kensho Future Security ETF	9.8	45	-10	3.3	-0.3
DJD	Invesco Dow Jones Industrial Average Dividend ETF	9.5	7	28	8.2	+4.6
SIXA	ETC 6 Meridian Mega Cap Equity ETF	9.4	80	-45	8.2	+4.7
FDCF	Fidelity Disruptive Communications ETF	9.4	50	-15	3.8	+0.2
FDN	First Trust Dow Jones Internet Index Fund	9.3	52	-17	4.0	+0.4
FDND	FT Vest Dow Jones Internet & Target Income ETF	9.3	75	-40	3.7	+0.1
DIVZ	TrueShares Low Volatility Equity Income ETF	9.0	65	-30	7.2	+3.6
SKYY	First Trust Cloud Computing ETF	9.0	60	-25	3.9	+0.3
SPMV	Invesco S&P 500 Minimum Variance ETF	8.7	10	25	4.9	+1.3
SDOG	ALPS Sector Dividend Dogs ETF	8.7	36	-1	10.6	+7.0
NXTG	First Trust Indxx NextG ETF	8.7	70	-35	6.6	+3.0
SCHD	Schwab US Dividend Equity ETF	8.5	6	29	10.5	+7.0
CIBR	First Trust NASDAQ Cybersecurity ETF	8.5	60	-25	4.8	+1.2
DIVB	iShares Core Dividend ETF	8.4	5	30	8.6	+5.0
SEIV	SEI Enhanced U.S. Large Cap Value Factor ETF	8.4	15	20	12.4	+8.8
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	8.3	60	-25	3.5	-0.1
UTRN	Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	8.2	75	-40	-0.5	-4.0
ITAN	Sparkline Intangible Value ETF	8.1	50	-15	7.4	+3.8
USMV	iShares MSCI USA Min Vol Factor ETF	8.1	15	20	6.1	+2.5
USMF	WisdomTree U.S. Multifactor Fund	8.0	28	7	8.2	+4.6
ARB	AltShares Merger Arbitrage ETF	8.0	77	-42	4.1	+0.5
TBG	TBG Dividend Focus ETF	8.0	59	-24	8.2	+4.6
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	7.9	47	-12	6.1	+2.5
RAFE	PIMCO RAFI ESG U.S. ETF	7.8	29	6	8.2	+4.6
BRIF	FIS Bright Portfolios Focused Equity ETF	7.7	65	-30	5.5	+1.9
RSPT	Invesco S&P 500 Equal Weight Technology ETF	7.7	40	-5	7.2	+3.6
UDI	USCF Dividend Income Fund	7.6	65	-30	7.3	+3.7
PSCT	Invesco S&P SmallCap Information Technology ETF	7.5	29	6	7.1	+3.5
EDOW	First Trust Dow 30 Equal Weight ETF	7.2	50	-15	6.0	+2.4
VFMV	Vanguard U.S. Minimum Volatility ETF	7.1	13	22	6.0	+2.4
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	7.0	18	17	5.4	+1.8
FCFY	First Trust S&P 500 Diversified Free Cash Flow ETF	6.8	60	-25	1.5	-2.1
IHAK	iShares Cybersecurity & Tech ETF	6.8	47	-12	4.2	+0.6
REVS	Columbia Research Enhanced Value ETF	6.8	19	16	8.6	+5.0
OPTZ	Optimize Strategy Index ETF	6.7	50	-15	6.1	+2.5
SPVU	Invesco S&P 500 Enhanced Value ETF	6.7	13	22	12.8	+9.2
ACWV	iShares MSCI Global Min Vol Factor ETF	6.6	20	15	8.2	+4.6
WFH	Direxion Work From Home ETF	6.6	45	-10	5.5	+1.9
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	6.6	48	-13	6.6	+3.0
COWS	Amplify Cash Flow Dividend Leaders ETF	6.5	0	35	14.9	+11.3
SHE	SPDR MSCI USA Gender Diversity ETF	6.5	20	15	5.8	+2.2
IDAT	iShares Future Cloud 5G and Tech ETF	6.4	47	-12	5.6	+2.0
DFLV	Dimensional US Large Cap Value ETF	6.4	22	13	9.9	+6.3
EQAL	Invesco Russell 1000 Equal Weight ETF	6.3	20	15	7.9	+4.3
UPGD	Invesco Bloomberg Analyst Rating Improvers ETF	6.3	40	-5	7.0	+3.4
DYNF	BlackRock U.S. Equity Factor Rotation ETF	6.3	30	5	6.0	+2.4
LST	Leuthold Select Industries ETF	6.2	91	-56	6.9	+3.3
FLV	American Century Focused Large Cap Value ETF	6.2	42	-7	7.7	+4.1
DVND	Touchstone Dividend Select ETF	6.2	67	-32	6.4	+2.8
SPDV	AAM S&P 500 High Dividend Value ETF	6.2	29	6	11.2	+7.6
IVES	Wedbush ETFMG Global Cloud Technology ETF	6.1	68	-33	10.7	+7.1
OALC	OneAscent Large Cap Core ETF	6.0	86	-51	5.4	+1.8
AIVC	Amplify Bloomberg AI Value Chain ETF	6.0	59	-24	10.2	+6.6
EQIN	Columbia US Equity Income ETF	6.0	35	0	7.6	+4.0
SRHQ	SRH U.S. Quality ETF	6.0	35	0	8.5	+4.9
ROKT	SPDR S&P Kensho Final Frontiers ETF	5.9	45	-10	3.4	-0.2
DIV	Global X SuperDividend US ETF	5.9	45	-10	11.4	+7.8
DVOL	First Trust Dorsey Wright Momentum & Low Volatility ETF	5.9	60	-25	4.6	+1.0
ROUS	Hartford Multifactor US Equity ETF	5.8	19	16	8.7	+5.1
DFUV	Dimensional US Marketwide Value ETF	5.8	22	13	9.7	+6.1
FLQL	Franklin LibertyQ U.S. Equity ETF	5.7	15	20	6.9	+3.3
SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	5.6	30	5	8.2	+4.6
CRTC	Xtrackers US National Critical Technologies ETF	5.6	35	0	6.0	+2.4
GSPY	Gotham Enhanced 500 ETF	5.5	50	-15	6.5	+2.9
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	5.5	49	-14	5.4	+1.8
FDLO	Fidelity Low Volatility Factor ETF	5.5	15	20	6.0	+2.5
AIS	VistaShares Artificial Intelligence Supercycle ETF	5.5	75	-40	5.8	+2.2
DSTL	Distillate US Fundamental Stability & Value ETF	5.4	39	-4	9.3	+5.7
ACVF	American Conservative Values ETF	5.4	75	-40	5.4	+1.8
LVOL	American Century Low Volatility ETF	5.4	29	6	5.2	+1.6
NIXT	Research Affiliates Deletions ETF	5.3	9	26	4.4	+0.8
VEGN	US Vegan Climate ETF	5.3	60	-25	5.3	+1.7
QLV	FlexShares US Quality Low Volatility Index Fund	5.3	22	13	6.4	+2.8
BBLU	EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF	5.3	15	20	7.5	+3.9
LOUP	Innovator Deepwater Frontier Tech ETF	5.2	70	-35	2.2	-1.4
TDV	ProShares S&P Technology Dividend Aristocrats ETF	5.2	45	-10	6.8	+3.2
ROE	Astoria US Quality Kings ETF	5.1	49	-14	8.5	+4.9
QTOP	iShares Nasdaq Top 30 Stocks ETF	5.1	20	15	5.4	+1.8
PEY	Invesco High Yield Equity Dividend Achievers ETF	5.1	52	-17	11.2	+7.6
HUSV	First Trust Horizon Managed Volatility Domestic ETF	5.0	70	-35	4.7	+1.1
XLK	Technology Select Sector SPDR Fund	5.0	8	27	6.0	+2.4
LYLD	Cambria Large Cap Shareholder Yield ETF	4.9	59	-24	11.2	+7.6
PWV	Invesco Large Cap Value ETF	4.8	55	-20	8.7	+5.1
MTUM	iShares MSCI USA Momentum Factor ETF	4.8	15	20	4.4	+0.8
VALQ	American Century U.S. Quality Value ETF	4.8	29	6	9.4	+5.8
IUS	Invesco RAFI Strategic US ETF	4.8	19	16	8.1	+4.5
IWX	iShares Russell Top 200 Value ETF	4.8	20	15	7.4	+3.8
FDL	First Trust Morningstar Dividend Leaders Index Fund	4.7	45	-10	10.3	+6.7
VLU	SPDR S&P 1500 Value Tilt ETF	4.7	12	23	8.4	+4.8
QUS	SPDR MSCI USA StrategicFactors ETF	4.7	15	20	6.7	+3.1
NBCC	Neuberger Berman Next Generation Connected Consumer ETF	4.7	56	-21	2.9	-0.7
AVLV	Avantis U.S. Large Cap Value ETF	4.6	15	20	9.3	+5.7
PTF	Invesco Dorsey Wright Technology Momentum ETF	4.6	60	-25	-0.1	-3.7
WCBR	WisdomTree Cybersecurity Fund	4.6	45	-10	2.2	-1.4
EQWL	Invesco S&P 100 Equal Weight ETF	4.5	25	10	7.7	+4.1
FNDX	Schwab Fundamental US Large Co. Index ETF	4.5	25	10	8.8	+5.2
DVY	iShares Select Dividend ETF	4.4	38	-3	10.4	+6.8
SEIQ	SEI Enhanced U.S. Large Cap Quality Factor ETF	4.4	15	20	8.1	+4.5
KVLE	KraneShares Value Line Dynamic Dividend Equity Index ETF	4.4	56	-21	7.0	+3.4
GQQQ	Astoria US Quality Growth Kings ETF	4.3	35	0	6.4	+2.8
PRF	Invesco FTSE RAFI US 1000 ETF	4.3	39	-4	8.4	+4.8
CZAR	Themes Natural Monopoly ETF	4.3	35	0	3.1	-0.5
FNDB	Schwab Fundamental US Broad Market Index ETF	4.2	25	10	8.6	+5.0
CDL	VictoryShares US Large Cap High Dividend Volatility Wtd ETF	4.2	35	0	8.6	+5.0
CDC	VictoryShares US EQ Income Enhanced Volatility Wtd ETF	4.2	38	-3	8.5	+5.0
AFLG	First Trust Active Factor Large Cap ETF	4.2	55	-20	7.8	+4.2
ARKQ	ARK Autonomous Technology & Robotics ETF	4.2	75	-40	0.4	-3.2
ARKX	ARK Space Exploration & Innovation ETF	4.2	75	-40	-0.3	-3.9
SRVR	Pacer Data & Infrastructure Real Estate ETF	4.2	55	-20	1.3	-2.3
WOMN	Impact Shares YWCA Women's Empowerment ETF	4.2	75	-40	5.9	+2.3
OCFS	Otter Creek Focus Strategy ETF	4.1	85	-50	5.3	+1.7
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	4.1	29	6	7.4	+3.9
JHDV	John Hancock U.S. High Dividend ETF	4.1	34	1	7.2	+3.6
BUZZ	VanEck Social Sentiment ETF	4.1	75	-40	-1.3	-4.9
KNGZ	First Trust S&P 500 Diversified Dividend Aristocrats ETF	4.1	50	-15	9.5	+5.9
QQMG	Invesco ESG NASDAQ 100 ETF	4.0	20	15	5.3	+1.7
IPDP	Dividend Performers ETF	4.0	122	-87	6.3	+2.7
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	4.0	19	16	6.8	+3.2
GCOW	Pacer Global Cash Cows Dividend ETF	4.0	60	-25	12.1	+8.5
JPUS	JPMorgan Diversified Return U.S. Equity ETF	4.0	18	17	8.7	+5.1
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	4.0	60	-25	4.9	+1.3
QQQS	Invesco NASDAQ Future Gen 200 ETF	3.9	20	15	-10.7	-14.3
IETC	iShares U.S. Tech Independence Focused ETF	3.9	18	17	5.3	+1.7
TIME	Clockwise Core Equity & Innovation ETF	3.9	95	-60	8.8	+5.2
SPMO	Invesco S&P 500 Momentum ETF	3.9	13	22	4.8	+1.2
SDEP	SFP Core Equity Strategy	3.9	10	25	2.8	-0.8
FTCS	First Trust Capital Strength ETF	3.9	55	-20	5.7	+2.2
DLN	WisdomTree U.S. LargeCap Dividend Fund	3.9	28	7	6.6	+3.0
STXV	Strive 1000 Value ETF	3.8	18	17	8.9	+5.3
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	3.8	29	6	8.4	+4.8
VFMO	Vanguard U.S. Momentum Factor ETF	3.8	13	22	3.9	+0.3
USRD	Themes US R&D Champions ETF	3.8	29	6	6.4	+2.8
BGDV	Bahl & Gaynor Dividend ETF	3.8	45	-10	5.5	+1.9
SNPV	Xtrackers S&P 500 Value ESG ETF	3.8	15	20	6.0	+2.5
XRLV	Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	3.8	25	10	5.4	+1.8
SPLV	Invesco S&P 500 Low Volatility ETF	3.8	25	10	5.3	+1.7
QQQ	Invesco QQQ Trust Series I	3.7	20	15	5.2	+1.6
ALTL	Pacer Lunt Large Cap Alternator ETF	3.7	60	-25	5.1	+1.5
QQQM	Invesco NASDAQ 100 ETF	3.7	15	20	5.2	+1.6
BLCV	iShares Large Cap Value Active ETF	3.7	53	-18	8.5	+4.9
FELV	Fidelity Enhanced Large Cap Value ETF	3.7	18	17	8.0	+4.4
IGM	iShares Expanded Tech Sector ETF	3.6	41	-6	5.3	+1.7
BMVP	Invesco Bloomberg MVP Multi-factor ETF	3.6	29	6	7.6	+4.0
VYM	Vanguard High Dividend Yield Index ETF	3.6	6	29	8.1	+4.6
FTEC	Fidelity MSCI Information Technology Index ETF	3.6	8	27	5.4	+1.8
MVPA	Miller Value Partners Appreciation ETF	3.6	60	-25	9.7	+6.1
ABFL	Abacus FCF Leaders ETF	3.6	59	-24	6.7	+3.1
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	3.6	75	-40	4.2	+0.6
HDV	iShares Core High Dividend ETF	3.6	8	27	7.4	+3.8
USSE	Segall Bryant & Hamill Select Equity ETF	3.6	65	-30	4.9	+1.3
FCTE	SMI 3Fourteen Full-Cycle Trend ETF	3.6	85	-50	9.8	+6.3
ARTY	iShares Future AI & Tech ETF	3.6	47	-12	4.7	+1.1
SPRX	Spear Alpha ETF	3.6	75	-40	0.1	-3.5
SSPX	Janus Henderson U.S. Sustainable Equity ETF	3.6	55	-20	4.7	+1.2
XDAT	Franklin Exponential Data ETF	3.6	50	-15	2.5	-1.1
SEIM	SEI Enhanced U.S. Large Cap Momentum Factor ETF	3.5	15	20	5.4	+1.8
PUI	Invesco Dorsey Wright Utilities Momentum ETF	3.5	60	-25	5.9	+2.3
DHS	WisdomTree U.S. High Dividend Fund	3.5	38	-3	8.6	+5.0
VGT	Vanguard Information Technology ETF	3.5	10	25	5.4	+1.8
VFMF	Vanguard U.S. Multifactor ETF	3.5	18	17	9.6	+6.1
QWLD	SPDR MSCI World StrategicFactors ETF	3.5	30	5	6.6	+3.0
DTD	WisdomTree U.S. Total Dividend Fund	3.5	28	7	7.0	+3.4
FUNL	CornerCap Fundametrics Large-Cap ETF	3.4	50	-15	8.4	+4.8
PALC	Pacer Lunt Large Cap Multi-Factor Alternator ETF	3.4	60	-25	5.2	+1.6
BLCR	iShares Large Cap Core Active ETF	3.4	36	-1	4.9	+1.3
GVUS	Marketbeta Russell 1000 Value Equity ETF	3.4	12	23	7.6	+4.0
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	3.4	15	20	6.6	+3.0
IWD	iShares Russell 1000 Value ETF	3.3	19	16	7.5	+3.9
VONV	Vanguard Russell 1000 Value ETF	3.3	8	27	7.7	+4.1
NEWZ	StockSnips AI-Powered Sentiment US All Cap ETF	3.3	65	-30	5.6	+2.0
MGV	Vanguard Mega Cap Value ETF	3.3	7	28	8.1	+4.5
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	3.3	25	10	7.2	+3.6
ICAP	InfraCap Equity Income Fund ETF	3.3	171	-136	6.2	+2.6
RAYD	Rayliant Quantitative Developed Market Equity ETF	3.2	80	-45	5.4	+1.8
AGQI	First Trust Active Global Quality Income ETF	3.2	85	-50	7.4	+3.8
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	3.2	29	6	4.7	+1.1
EPS	WisdomTree U.S. LargeCap Fund	3.2	8	27	7.2	+3.6
NULV	Nuveen ESG Large-Cap Value ETF	3.2	26	9	6.9	+3.3
ETHO	Etho Climate Leadership U.S. ETF	3.2	47	-12	6.3	+2.7
DFVX	Dimensional US Large Cap Vector ETF	3.2	22	13	7.3	+3.7
AIQ	Global X Artificial Intelligence & Technology ETF	3.2	68	-33	5.5	+1.9
SNSR	Global X Internet of Things ETF	3.2	68	-33	6.0	+2.4
CHAT	Roundhill Generative AI & Technology ETF	3.1	75	-40	17.2	+13.6
XNTK	SPDR NYSE Technology ETF	3.1	35	0	5.1	+1.5
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	3.1	61	-26	1.7	-1.9
DFNV	Donoghue Forlines Innovation ETF	3.1	69	-34	5.8	+2.2
YLDE	ClearBridge Dividend Strategy ESG ETF	3.1	60	-25	6.1	+2.5
SXQG	ETC 6 Meridian Quality Growth ETF	3.1	100	-65	5.2	+1.6
VFVA	Vanguard U.S. Value Factor ETF	3.1	13	22	13.5	+9.9
SCHV	Schwab U.S. Large-Cap Value ETF	3.1	4	31	7.9	+4.3
SDY	SPDR S&P Dividend ETF	3.1	35	0	6.8	+3.3
BDIV	AAM Brentview Dividend Growth ETF	3.1	49	-14	4.8	+1.3
ILCV	iShares Morningstar Value ETF	3.0	4	31	7.7	+4.1
LEGR	First Trust Indxx Innovative Transaction & Process ETF	3.0	65	-30	9.7	+6.1
FLRG	Fidelity U.S. Multifactor ETF	3.0	15	20	7.9	+4.3
LGLV	SPDR SSGA US Large Cap Low Volatility Index ETF	3.0	12	23	6.0	+2.4
IXN	iShares Global Tech ETF	3.0	41	-6	5.2	+1.7
VOOV	Vanguard S&P 500 Value ETF	2.9	10	25	7.4	+3.8
IVE	iShares S&P 500 Value ETF	2.9	18	17	7.3	+3.7
FCTR	First Trust Lunt U.S. Factor Rotation ETF	2.9	65	-30	3.3	-0.3
SPYV	SPDR Portfolio S&P 500 Value ETF	2.9	4	31	7.4	+3.8
SPYD	SPDR Portfolio S&P 500 High Dividend ETF	2.9	7	28	9.2	+5.6
HDUS	Hartford Disciplined US Equity ETF	2.9	19	16	7.1	+3.5
BRNY	Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation	2.9	79	-44	6.0	+2.4
BIBL	Inspire 100 ETF	2.9	35	0	5.4	+1.8
PSET	Principal Quality ETF	2.9	15	20	6.8	+3.2
INRO	iShares U.S. Industry Rotation Active ETF	2.9	42	-7	4.6	+1.0
NULC	Nuveen ESG Large-Cap ETF	2.9	21	14	5.6	+2.1
XMAG	Defiance Large Cap ex-Mag 7 ETF	2.8	35	0	5.0	+1.4
IUSV	iShares Core S&P US Value ETF	2.8	4	31	7.6	+4.0
EVUS	iShares ESG Aware MSCI USA Value ETF	2.8	18	17	7.1	+3.5
VTV	Vanguard Value ETF	2.8	4	31	8.2	+4.6
DEW	WisdomTree Global High Dividend Fund	2.8	58	-23	8.6	+5.0
DIVS	SmartETFs Dividend Builder ETF	2.8	65	-30	5.5	+1.9
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	2.8	68	-33	3.2	-0.4
INCE	Franklin Income Equity Focus ETF	2.8	29	6	6.2	+2.7
QLC	FlexShares US Quality Large Cap Index Fund	2.8	25	10	7.3	+3.7
CAML	Congress Large Cap Growth ETF	2.8	66	-31	3.9	+0.3
SYLD	Cambria Shareholder Yield ETF	2.7	59	-24	13.7	+10.1
SAWG	AAM Sawgrass US Large Cap Quality Growth ETF	2.7	49	-14	4.9	+1.3
AMOM	Qraft AI-Enhanced U.S. Large Cap Momentum ETF	2.7	75	-40	4.0	+0.4
KONG	Formidable Fortress ETF	2.7	89	-54	6.2	+2.7
QDEF	FlexShares Quality Dividend Defensive Index Fund	2.7	37	-2	6.6	+3.0
FDLS	Inspire Fidelis Multi Factor ETF	2.7	76	-41	6.7	+3.1
FDRR	Fidelity Dividend ETF for Rising Rates	2.7	15	20	8.5	+4.9
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	2.7	75	-40	3.7	+0.1
RWL	Invesco S&P 500 Revenue ETF	2.7	39	-4	8.4	+4.8
FFND	Future Fund Active ETF	2.7	100	-65	5.4	+1.8
AVSU	Avantis Responsible U.S. Equity ETF	2.7	15	20	7.2	+3.7
KRMA	Global X Conscious Companies ETF	2.6	43	-8	7.0	+3.4
HKND	Humankind US Stock ETF	2.6	11	24	8.2	+4.7
RZV	Invesco S&P Smallcap 600 Pure Value ETF	2.6	35	0	12.6	+9.1
RFFC	ALPS Active Equity Opportunity ETF	2.6	48	-13	5.1	+1.6
FDMO	Fidelity Momentum Factor ETF	2.6	15	20	4.8	+1.2
JQUA	JPMorgan U.S. Quality Factor ETF	2.6	12	23	6.9	+3.3
FBCV	Fidelity Blue Chip Value ETF	2.6	59	-24	9.0	+5.4
SSPY	Syntax Stratified LargeCap ETF	2.5	30	5	8.0	+4.4
RJMG	FT Raymond James Multicap Growth Equity ETF	2.5	85	-50	3.0	-0.6
HAPY	Harbor Human Capital Factor Unconstrained ETF	2.5	50	-15	3.9	+0.3
LVHD	Franklin U.S. Low Volatility High Dividend Index ETF	2.5	27	8	6.7	+3.1
SHUS	Syntax Stratified U.S. Total Market Hedged ETF	2.5	65	-30	6.3	+2.7
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF	2.5	49	-14	2.6	-1.0
SPVM	Invesco S&P 500 Value with Momentum ETF	2.4	39	-4	10.7	+7.1
DIVD	Altrius Global Dividend ETF Altrius Global Divid ETF	2.4	49	-14	9.8	+6.2
FOVL	iShares Focused Value Factor ETF	2.4	25	10	11.5	+7.9
COWZ	Pacer US Cash Cows 100 ETF	2.4	49	-14	10.7	+7.2
DEUS	Xtrackers Russell US Multifactor ETF	2.4	17	18	8.1	+4.5
ULVM	VictoryShares US Value Momentum ETF	2.4	20	15	9.1	+5.5
JMOM	JPMorgan U.S. Momentum Factor ETF	2.4	12	23	5.6	+2.0
FLOW	Global X U.S. Cash Flow Kings 100 ETF	2.4	25	10	11.4	+7.8
WCEO	Hypatia Women CEO ETF	2.4	85	-50	-1.4	-5.0
BOUT	Innovator IBD Breakout Opportunities ETF	2.4	81	-46	5.5	+2.0
VUSE	Vident U.S. Equity Strategy ETF	2.4	50	-15	5.5	+1.9
IJS	iShares S&P Small-Cap 600 Value ETF	2.4	18	17	10.9	+7.3
RWJ	Invesco S&P SmallCap 600 Revenue ETF	2.3	39	-4	11.4	+7.8
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	2.3	15	20	6.7	+3.1
GRNY	Fundstrat Granny Shots US Large Cap ETF	2.3	75	-40	4.4	+0.8
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	2.3	35	0	5.2	+1.6
QVML	Invesco S&P 500 QVM Multi-factor ETF	2.3	11	24	6.1	+2.5
USCA	Xtrackers MSCI USA Climate Action Equity ETF	2.3	7	28	5.9	+2.3
FELC	Fidelity Enhanced Large Cap Core ETF	2.3	18	17	6.4	+2.8
FGD	First Trust Dow Jones Global Select Dividend Index Fund	2.3	56	-21	14.0	+10.4
RPG	Invesco S&P 500 Pure Growth ETF	2.3	35	0	4.2	+0.6
AVUS	Avantis U.S. Equity ETF	2.3	15	20	7.5	+3.9
USCL	iShares Climate Conscious & Transition MSCI USA ETF	2.3	8	27	5.9	+2.3
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	2.3	58	-23	4.9	+1.4
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	2.3	24	11	8.6	+5.0
PFM	Invesco Dividend Achievers ETF	2.2	53	-18	6.0	+2.4
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	2.2	20	15	6.0	+2.4
VIOV	Vanguard S&P Small-Cap 600 Value ETF	2.2	15	20	10.6	+7.1
OEF	iShares S&P 100 ETF	2.2	20	15	5.9	+2.3
FVD	First Trust Value Line Dividend Index Fund	2.2	65	-30	6.7	+3.1
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	2.2	10	25	6.0	+2.4
SLYV	SPDR S&P 600 Small Cap Value ETF	2.2	15	20	10.9	+7.3
IWL	iShares Russell Top 200 ETF	2.2	15	20	5.9	+2.3
MISL	First Trust Indxx Aerospace & Defense ETF	2.2	60	-25	3.3	-0.3
FYT	First Trust Small Cap Value AlphaDEX Fund	2.2	73	-38	11.4	+7.8
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	2.2	14	21	6.0	+2.4
KOMP	SPDR S&P Kensho New Economies Composite ETF	2.2	20	15	4.3	+0.7
ESGV	Vanguard ESG U.S. Stock ETF	2.2	9	26	5.6	+2.1
JVAL	JPMorgan U.S. Value Factor ETF	2.2	12	23	9.7	+6.1
DGT	SPDR Global Dow ETF	2.1	50	-15	9.2	+5.6
RDVY	First Trust Rising Dividend Achievers ETF	2.1	50	-15	8.9	+5.3
XJR	iShares ESG Screened S&P Small-Cap ETF	2.1	12	23	7.5	+3.9
ISMD	Inspire Small/Mid Cap ETF	2.1	54	-19	5.4	+1.8
CVLC	Calvert US Large-Cap Core Responsible Index ETF	2.1	15	20	5.7	+2.1
ESIX	SPDR S&P SmallCap 600 ESG ETF	2.1	12	23	6.7	+3.1
KLMN	Invesco MSCI North America Climate ETF	2.1	9	26	5.9	+2.3
JAVA	JPMorgan Active Value ETF	2.1	44	-9	7.6	+4.0
XVV	iShares ESG Screened S&P 500 ETF	2.1	8	27	6.0	+2.4
EMOT	First Trust S&P 500 Economic Moat ETF	2.1	60	-25	6.3	+2.7
ZIG	Acquirers Fund	2.1	84	-49	23.7	+20.2
SPXN	ProShares S&P 500 Ex-Financials ETF	2.1	9	26	5.7	+2.1
AESR	Anfield U.S. Equity Sector Rotation ETF	2.1	108	-73	4.3	+0.7
SAGP	Strategas Global Policy Opportunities ETF	2.1	65	-30	5.8	+2.3
QVAL	Alpha Architect US Quantitative Value ETF	2.1	39	-4	11.7	+8.2
LRGF	iShares U.S. Equity Factor ETF	2.1	8	27	7.5	+3.9
DCOR	Dimensional US Core Equity 1 ETF	2.1	14	21	6.7	+3.1
ABEQ	Absolute Select Value ETF	2.1	85	-50	5.3	+1.7
ONEQ	Fidelity Nasdaq Composite Index ETF	2.1	21	14	4.9	+1.3
JSTC	Adasina Social Justice All Cap Global ETF	2.1	89	-54	5.1	+1.5
QGRO	American Century U.S. Quality Growth ETF	2.1	29	6	4.4	+0.8
CFA	VictoryShares US 500 Volatility Wtd ETF	2.1	35	0	7.4	+3.8
CFO	VictoryShares US 500 Enhanced Volatility Wtd ETF	2.1	40	-5	7.3	+3.7
IWN	iShares Russell 2000 Value ETF	2.1	24	11	6.6	+3.0
VTWV	Vanguard Russell 2000 Value ETF	2.0	15	20	6.8	+3.2
CHGX	AXS Change Finance ESG ETF	2.0	49	-14	9.6	+6.0
NUDV	Nuveen ESG Dividend ETF	2.0	26	9	7.5	+3.9
VAMO	Cambria Value & Momentum ETF	2.0	61	-26	7.0	+3.4
SPXV	ProShares S&P 500 Ex-Health Care ETF	2.0	9	26	4.6	+1.1
RVRB	Reverb ETF	2.0	30	5	2.9	-0.7
DSI	iShares MSCI KLD 400 Social ETF	2.0	25	10	5.8	+2.2
RECS	Columbia Research Enhanced Core ETF	2.0	15	20	6.9	+3.3
MMTM	SPDR S&P 1500 Momentum Tilt ETF	2.0	12	23	5.0	+1.4
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	2.0	25	10	8.8	+5.2
CATH	Global X S&P 500 Catholic Values Custom ETF	2.0	29	6	5.8	+2.2
SPYX	SPDR S&P 500 Fossil Fuel Reserves Free ETF	2.0	20	15	5.9	+2.3
SFYF	SoFi Social 50 ETF	2.0	29	6	0.2	-3.4
LRND	IQ U.S. Large Cap R&D Leaders ETF	2.0	14	21	7.6	+4.0
TMFC	Motley Fool 100 Index ETF	2.0	50	-15	4.4	+0.8
FTGS	First Trust Growth Strength ETF	2.0	60	-25	6.4	+2.8
RFDA	RiverFront Dynamic US Dividend Advantage ETF	2.0	52	-17	7.4	+3.8
IJR	iShares Core S&P Small Cap ETF	2.0	6	29	8.3	+4.7
ADME	Aptus Drawdown Managed Equity ETF	2.0	79	-44	5.0	+1.4
MGC	Vanguard Mega Cap ETF	1.9	7	28	6.0	+2.4
VOT	Vanguard Mid-Cap Growth ETF	1.9	7	28	4.2	+0.6
QUVU	Hartford Quality Value ETF	1.9	46	-11	7.8	+4.2
XT	iShares Exponential Technologies ETF	1.9	46	-11	6.3	+2.8
PBUS	Invesco MSCI USA ETF	1.9	4	31	6.1	+2.5
IVV	iShares Core S&P 500 ETF	1.9	3	32	6.3	+2.7
VOO	Vanguard S&P 500 ETF	1.9	3	32	6.4	+2.8
USXF	iShares ESG Advanced MSCI USA ETF	1.9	10	25	5.5	+1.9
SPLG	SPDR Portfolio S&P 500 ETF	1.9	2	33	6.2	+2.6
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	1.9	7	28	6.1	+2.5
PABU	iShares Paris-Aligned Climate MSCI USA ETF	1.9	10	25	4.7	+1.1
DFAC	Dimensional U.S. Core Equity 2 ETF	1.9	17	18	7.1	+3.5
SPY	SPDR S&P 500 ETF Trust	1.9	9	26	6.3	+2.7
JHML	John Hancock Multifactor Large Cap ETF	1.9	29	6	6.8	+3.2
XITK	SPDR FactSet Innovative Technology ETF	1.9	45	-10	0.7	-2.9
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	1.9	15	20	3.2	-0.4
SIXL	ETC 6 Meridian Low Beta Equity ETF	1.9	80	-45	6.2	+2.7
OUSM	ALPS O'Shares US Small-Cap Quality Dividend ETF	1.9	48	-13	9.3	+5.8
BSVO	EA Bridgeway Omni Small-Cap Value ETF	1.9	47	-12	11.2	+7.6
BKLC	BNY Mellon US Large Cap Core Equity ETF	1.9	0	35	6.2	+2.6
RSPE	Invesco ESG S&P 500 Equal Weight ETF	1.9	20	15	8.8	+5.2
SPTM	SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.9	3	32	6.4	+2.8
BBUS	JP Morgan Betabuilders U.S. Equity ETF	1.9	2	33	6.1	+2.6
HLGE	Hartford Longevity Economy ETF	1.9	44	-9	5.5	+1.9
DFUS	Dimensional U.S. Equity ETF	1.9	9	26	6.2	+2.6
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	1.9	60	-25	6.1	+2.5
SPSM	SPDR Portfolio S&P 600 Small Cap ETF	1.9	3	32	8.4	+4.8
VOTE	TCW Transform 500 ETF	1.9	5	30	6.1	+2.5
VIOO	Vanguard S&P Small-Cap 600 ETF	1.9	10	25	8.2	+4.7
ILCB	iShares Morningstar U.S. Equity ETF	1.9	3	32	6.1	+2.5
RGEF	Rockefeller Global Equity ETF	1.8	55	-20	6.0	+2.4
DFAU	Dimensional US Core Equity Market ETF	1.8	12	23	6.4	+2.9
SPXE	ProShares S&P 500 Ex-Energy ETF	1.8	9	26	5.2	+1.6
APUE	ActivePassive U.S. Equity ETF	1.8	45	-10	6.0	+2.4
THRO	iShares U.S. Thematic Rotation Active ETF	1.8	90	-55	5.0	+1.4
TMFE	Motley Fool Capital Efficiency 100 Index ETF	1.8	50	-15	4.9	+1.3
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	1.8	11	24	6.2	+2.6
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	1.8	25	10	6.8	+3.2
RND	First Trust Bloomberg R&D Leaders ETF	1.8	60	-25	3.5	-0.1
FTA	First Trust Large Cap Value AlphaDEX Fund	1.8	59	-24	10.7	+7.2
IWB	iShares Russell 1000 ETF	1.8	15	20	6.1	+2.5
VONE	Vanguard Russell 1000 ETF	1.8	8	27	6.2	+2.6
DGRO	iShares Core Dividend Growth ETF	1.8	8	27	7.3	+3.7
IYY	iShares Dow Jones U.S. ETF	1.8	20	15	6.0	+2.4
VTHR	Vanguard Russell 3000 ETF	1.8	10	25	5.9	+2.3
IWV	iShares Russell 3000 ETF	1.8	20	15	5.8	+2.3
CAFG	Pacer US Small Cap Cash Cows Growth Leaders ETF	1.8	59	-24	6.9	+3.3
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	1.8	9	26	6.6	+3.0
FFLC	Fidelity Fundamental Large Cap Core ETF	1.8	38	-3	5.6	+2.0
ITOT	iShares Core S&P Total U.S. Stock Market ETF	1.8	3	32	6.0	+2.4
ONEO	SPDR Russell 1000 Momentum Focus ETF	1.8	20	15	8.1	+4.5
AVUV	Avantis U.S. Small Cap Value ETF	1.8	25	10	12.5	+8.9
STRV	Strive 500 ETF	1.8	5	30	6.0	+2.5
FQAL	Fidelity Quality Factor ETF	1.8	15	20	6.4	+2.8
DGRW	WisdomTree US Quality Dividend Growth Fund	1.8	28	7	6.4	+2.8
VV	Vanguard Large-Cap ETF	1.8	4	31	6.1	+2.5
WTV	WisdomTree US Value Fund of Benef Interest	1.8	12	23	10.8	+7.2
NZUS	SPDR MSCI USA Climate Paris Aligned ETF	1.8	10	25	3.7	+0.1
FESM	Fidelity Enhanced Small Cap ETF	1.8	28	7	4.4	+0.8
NUSC	Nuveen ESG Small-Cap ETF	1.8	31	4	6.1	+2.5
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	1.7	58	-23	6.2	+2.6
XSHD	Invesco S&P SmallCap High Dividend Low Volatility ETF	1.7	30	5	8.5	+4.9
SQLV	Royce Quant Small-Cap Quality Value ETF	1.7	60	-25	10.9	+7.3
VTI	Vanguard Total Stock Market ETF	1.7	3	32	6.0	+2.4
RSP	Invesco S&P 500 Equal Weight ETF	1.7	20	15	7.7	+4.1
SNPE	Xtrackers S&P 500 ESG ETF	1.7	10	25	6.1	+2.5
ESGU	iShares ESG Aware MSCI USA ETF	1.7	15	20	6.2	+2.6
VIG	Vanguard Dividend Appreciation ETF	1.7	6	29	6.6	+3.0
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.7	12	23	5.7	+2.2
CRBN	iShares MSCI ACWI Low Carbon Target ETF	1.7	20	15	7.1	+3.5
IQM	Franklin Intelligent Machines ETF	1.7	50	-15	3.1	-0.5
SCHX	Schwab U.S. Large-Cap ETF	1.7	3	32	6.2	+2.6
VBR	Vanguard Small Cap Value ETF	1.7	7	28	9.7	+6.1
AFMC	First Trust Active Factor Mid Cap ETF	1.7	65	-30	9.3	+5.7
MODL	VictoryShares WestEnd U.S. Sector ETF	1.7	42	-7	6.0	+2.4
SCHK	Schwab 1000 Index ETF	1.6	5	30	6.2	+2.6
SCHB	Schwab U.S. Broad Market ETF	1.6	3	32	6.1	+2.5
LEAD	Siren DIVCON Leaders Dividend ETF	1.6	43	-8	5.2	+1.6
NULG	Nuveen ESG Large-Cap Growth ETF	1.6	26	9	4.2	+0.6
TXS	Texas Capital Texas Equity Index ETF	1.6	49	-14	5.8	+2.3
LCLG	Logan Capital Broad Innovative Growth ETF	1.6	99	-64	5.4	+1.8
FEX	First Trust Large Cap Core AlphaDEX Fund	1.6	59	-24	8.1	+4.5
IJT	iShares S&P Small-Cap 600 Growth ETF	1.6	18	17	5.8	+2.2
TTAC	FCF US Quality ETF	1.6	59	-24	6.1	+2.5
PRAY	FIS Christian Stock Fund	1.6	69	-34	6.2	+2.6
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	1.6	39	-4	4.6	+1.0
VSLU	Applied Finance Valuation Large Cap ETF	1.6	49	-14	6.6	+3.0
XLG	Invesco S&P 500 Top 50 ETF	1.5	20	15	5.6	+2.0
SPGP	Invesco S&P 500 GARP ETF	1.5	34	1	12.5	+9.0
DIA	SPDR Dow Jones Industrial Average ETF Trust	1.5	16	19	6.3	+2.7
SWP	SWP Growth & Income ETF	1.5	99	-64	5.3	+1.7
WLDR	Affinity World Leaders Equity ETF	1.5	67	-32	9.1	+5.5
IWC	iShares Micro-Cap ETF	1.5	60	-25	-1.1	-4.7
SPXT	ProShares S&P 500 Ex-Technology ETF	1.5	9	26	6.4	+2.9
SLYG	SPDR S&P 600 Small Cap Growth ETF	1.5	15	20	5.8	+2.2
VIOG	Vanguard S&P Small-Cap 600 Growth ETF	1.5	15	20	6.1	+2.5
SUSA	iShares MSCI USA ESG Select ETF	1.5	25	10	5.6	+2.0
FDVV	Fidelity High Dividend ETF	1.5	15	20	8.4	+4.9
LRGC	AB US Large Cap Strategic Equities ETF	1.5	48	-13	5.4	+1.8
ISCV	iShares Morningstar Small Cap Value ETF	1.5	6	29	9.6	+6.0
NACP	Impact Shares NAACP Minority Empowerment ETF	1.5	49	-14	5.6	+2.0
SIZE	iShares MSCI USA Size Factor ETF	1.5	15	20	7.0	+3.4
KLMT	Invesco MSCI Global Climate 500 ETF	1.5	10	25	6.8	+3.2
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	1.5	35	0	6.7	+3.1
KOKU	Xtrackers MSCI Kokusai Equity ETF	1.5	9	26	6.3	+2.7
TOK	iShares MSCI Kokusai ETF	1.4	26	9	5.7	+2.1
GLOF	iShares Global Equity Factor ETF	1.4	20	15	7.8	+4.2
GINN	Goldman Sachs Innovate Equity ETF	1.4	52	-17	5.1	+1.5
GLBL	Pacer MSCI World Industry Advantage ETF	1.4	65	-30	5.7	+2.1
FYX	First Trust Small Cap Core AlphaDEX Fund	1.4	61	-26	6.7	+3.2
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	1.4	45	-10	5.6	+2.0
PWB	Invesco Large Cap Growth ETF	1.4	56	-21	3.7	+0.1
SFYX	SoFi Next 500 ETF	1.4	0	35	4.1	+0.5
EUSA	iShares MSCI USA Equal Weighted ETF	1.4	9	26	7.2	+3.6
WDIV	SPDR S&P Global Dividend ETF	1.4	40	-5	10.5	+6.9
SFY	SoFi Select 500 ETF	1.4	0	35	5.6	+2.0
CCMG	CCM Global Equity ETF	1.4	34	1	9.6	+6.0
QTUM	Defiance Quantum ETF	1.4	40	-5	8.9	+5.3
FDWM	Fidelity Women's Leadership ETF	1.4	59	-24	3.7	+0.1
DWAS	Invesco Dorsey Wright SmallCap Momentum ETF	1.4	60	-25	2.4	-1.2
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	1.4	32	3	6.0	+2.4
FTC	First Trust Large Cap Growth AlphaDEX Fund	1.4	59	-24	3.6	-0.0
SPHB	Invesco S&P 500 High Beta ETF	1.4	25	10	6.2	+2.6
STXM	Strive Mid-Cap ETF	1.4	18	17	4.1	+0.6
FLDZ	RiverNorth Patriot ETF	1.4	75	-40	6.7	+3.1
DES	WisdomTree U.S. SmallCap Dividend Fund	1.4	38	-3	9.8	+6.2
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	1.4	20	15	5.2	+1.6
RSSL	Global X Russell 2000 ETF	1.4	8	27	4.1	+0.5
FAB	First Trust Multi Cap Value AlphaDEX Fund	1.4	67	-32	11.6	+8.0
BKMC	BNY Mellon US Mid Cap Core Equity ETF	1.4	4	31	7.0	+3.4
URTH	iShares MSCI World ETF	1.4	24	11	6.2	+2.6
IWM	iShares Russell 2000 ETF	1.3	19	16	4.1	+0.5
DFSU	Dimensional US Sustainability Core 1 ETF	1.3	18	17	6.6	+3.0
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	1.3	35	0	7.7	+4.1
AIVL	WisdomTree U.S. AI Enhanced Value Fund	1.3	38	-3	7.0	+3.4
VFLO	VictoryShares Free Cash Flow ETF	1.3	39	-4	12.2	+8.6
PDP	Invesco Dorsey Wright Momentum ETF	1.3	62	-27	4.1	+0.5
VTWO	Vanguard Russell 2000 ETF	1.3	10	25	4.3	+0.7
AVSC	Avantis U.S Small Cap Equity ETF	1.3	25	10	7.4	+3.9
DFAT	Dimensional U.S. Targeted Value ETF	1.3	28	7	11.5	+7.9
DVLU	First Trust Dorsey Wright Momentum & Value ETF	1.3	60	-25	8.4	+4.8
SMMV	iShares MSCI USA Small-Cap Min Vol Factor ETF	1.3	20	15	5.8	+2.2
FVAL	Fidelity Value Factor ETF	1.3	15	20	8.7	+5.1
PTL	Inspire 500 ETF	1.3	9	26	6.1	+2.6
HLAL	Wahed FTSE USA Shariah ETF	1.3	50	-15	5.9	+2.3
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	1.3	17	18	6.5	+2.9
VB	Vanguard Small-Cap ETF	1.3	5	30	6.5	+2.9
FDTX	Fidelity Disruptive Technology ETF	1.3	50	-15	3.6	-0.0
ONEV	SPDR Russell 1000 Low Volatility Focus ETF	1.3	20	15	8.2	+4.6
JHSC	John Hancock Multifactor Small Cap ETF	1.3	42	-7	7.9	+4.3
RPV	Invesco S&P 500 Pure Value ETF	1.3	35	0	12.0	+8.5
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	1.3	20	15	6.3	+2.7
DEMZ	Democratic Large Cap Core ETF	1.3	45	-10	5.2	+1.6
DGRS	WisdomTree US Smallcap Quality Dividend Growth Fund	1.2	38	-3	11.6	+8.0
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.2	9	26	7.3	+3.7
ANEW	ProShares MSCI Transformational Changes ETF	1.2	45	-10	7.9	+4.3
CGDG	Capital Group Dividend Growers ETF	1.2	47	-12	7.0	+3.4
ACWI	iShares MSCI ACWI ETF	1.2	32	3	6.8	+3.3
BKSE	BNY Mellon US Small Cap Core Equity ETF	1.2	4	31	6.7	+3.1
BBSC	JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.2	9	26	4.6	+1.0
ISCB	iShares Morningstar Small-Cap ETF	1.2	4	31	6.4	+2.8
TMAT	Main Thematic Innovation ETF	1.2	164	-129	-1.5	-5.1
MGK	Vanguard Mega Cap Growth ETF	1.2	7	28	5.1	+1.5
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	1.1	15	20	8.4	+4.8
SCHA	Schwab U.S. Small-Cap ETF	1.1	4	31	6.0	+2.5
FYC	First Trust Small Cap Growth AlphaDEX Fund	1.1	71	-36	1.3	-2.3
FAD	First Trust Multi Cap Growth AlphaDEX Fund	1.1	64	-29	3.0	-0.6
SPHQ	Invesco S&P 500 Quality ETF	1.1	15	20	5.9	+2.3
AIEQ	AI Powered Equity ETF	1.1	75	-40	4.9	+1.3
DFAS	Dimensional U.S. Small Cap ETF	1.1	26	9	7.9	+4.3
FCPI	Fidelity Stocks for Inflation ETF	1.1	15	20	9.0	+5.4
VT	Vanguard Total World Stock ETF	1.1	7	28	7.2	+3.6
STXK	Strive Small-Cap ETF	1.1	18	17	6.3	+2.7
SCHM	Schwab U.S. Mid-Cap ETF	1.1	4	31	7.6	+4.0
BFOR	ALPS Barron's 400 ETF	1.1	65	-30	7.1	+3.5
LSAF	LeaderShares AlphaFactor US Core Equity ETF	1.1	75	-40	8.7	+5.1
RNMC	First Trust Mid Cap US Equity Select ETF	1.1	60	-25	7.7	+4.1
HAIL	SPDR S&P Kensho Smart Mobility ETF	1.1	45	-10	2.4	-1.2
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	1.1	30	5	9.0	+5.4
NANC	Unusual Whales Subversive Democratic Trading ETF	1.1	75	-40	4.8	+1.2
TMFX	Motley Fool Next Index ETF	1.1	50	-15	3.7	+0.1
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	1.0	9	26	6.7	+3.1
FSCS	First Trust SMID Capital Strength ETF	1.0	60	-25	7.2	+3.7
QQQJ	Invesco NASDAQ Next Gen 100 ETF	1.0	15	20	6.5	+2.9
FMDE	Fidelity Enhanced Mid Cap ETF	1.0	23	12	6.6	+3.0
GVLU	Gotham 1000 Value ETF	1.0	50	-15	10.4	+6.8
DARP	Grizzle Growth ETF	1.0	75	-40	5.7	+2.1
EES	WisdomTree U.S. SmallCap Fund	1.0	38	-3	10.4	+6.8
SMDV	ProShares Russell 2000 Dividend Growers ETF	1.0	40	-5	7.8	+4.2
MGMT	Ballast Small/Mid Cap ETF	1.0	110	-75	10.0	+6.4
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	1.0	60	-25	6.7	+3.1
DFSV	Dimensional US Small Cap Value ETF	1.0	31	4	12.6	+9.0
JHMM	John Hancock Multifactor Mid Cap ETF	1.0	42	-7	7.4	+3.8
IJJ	iShares S&P Mid-Cap 400 Value ETF	1.0	18	17	9.9	+6.3
GINX	SGI Enhanced Global Income ETF	1.0	98	-63	8.3	+4.7
WRND	IQ Global Equity R&D Leaders ETF	1.0	18	17	8.9	+5.3
MDYV	SPDR S&P 400 Mid Cap Value ETF	1.0	15	20	9.9	+6.3
TAX	Cambria Tax Aware ETF	1.0	49	-14	8.9	+5.3
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	1.0	15	20	10.0	+6.4
FSMD	Fidelity Small-Mid Multifactor ETF	1.0	15	20	7.9	+4.3
MIDE	Xtrackers S&P MidCap 400 ESG ETF	1.0	15	20	4.9	+1.3
ZECP	Zacks Earnings Consistent Portfolio ETF	1.0	55	-20	5.5	+1.9
IVW	iShares S&P 500 Growth ETF	0.9	18	17	5.1	+1.6
SPYG	SPDR Portfolio S&P 500 Growth ETF	0.9	4	31	5.3	+1.7
VOOG	Vanguard S&P 500 Growth ETF	0.9	10	25	5.2	+1.7
XSMO	Invesco S&P SmallCap Momentum ETF	0.9	39	-4	6.0	+2.4
VUG	Vanguard Growth ETF	0.9	4	31	4.9	+1.3
NUMV	Nuveen ESG Mid-Cap Value ETF	0.9	31	4	7.2	+3.6
IUSG	iShares Core S&P U.S. Growth ETF	0.9	4	31	5.4	+1.8
BBMC	JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	0.9	7	28	7.1	+3.5
EGUS	iShares ESG Aware MSCI USA Growth ETF	0.9	18	17	5.1	+1.5
FNDA	Schwab Fundamental US Small Co. Index ETF	0.9	25	10	7.5	+3.9
SMLF	iShares U.S. SmallCap Equity Factor ETF	0.9	15	20	6.8	+3.2
KOCG	FIS Knights of Columbus Global Belief ETF	0.9	75	-40	6.9	+3.3
CSB	VictoryShares US Small Cap High Dividend Volatility Wtd ETF	0.9	35	0	10.5	+7.0
VO	Vanguard Mid-Cap ETF	0.9	4	31	6.4	+2.8
GRPZ	Invesco S&P SmallCap 600 GARP ETF	0.9	35	0	3.6	+0.0
ISCG	iShares Morningstar Small-Cap Growth ETF	0.9	6	29	3.1	-0.5
STXG	Strive 1000 Growth ETF	0.9	18	17	4.5	+0.9
IOO	iShares Global 100 ETF	0.9	41	-6	6.1	+2.5
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	0.9	24	11	8.7	+5.1
SMMD	iShares Russell 2500 ETF	0.8	15	20	7.1	+3.5
XJH	iShares ESG Screened S&P Mid-Cap ETF	0.8	12	23	8.0	+4.4
VXF	Vanguard Extended Market ETF	0.8	6	29	5.2	+1.6
FELG	Fidelity Enhanced Large Cap Growth ETF	0.8	18	17	5.9	+2.4
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	0.8	45	-10	4.1	+0.5
ARKK	ARK Innovation ETF	0.8	75	-40	-3.7	-7.3
CSA	VictoryShares US Small Cap Volatility Wtd ETF	0.8	35	0	5.3	+1.7
CSF	VictoryShares US Discovery Enhanced Volatility Wtd ETF	0.8	42	-7	5.7	+2.1
HAPS	Harbor Human Capital Factor US Small Cap ETF	0.8	60	-25	5.1	+1.5
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	0.8	10	25	5.9	+2.3
AFSM	First Trust Active Factor Small Cap ETF	0.8	75	-40	7.9	+4.3
VBK	Vanguard Small-Cap Growth ETF	0.8	7	28	2.0	-1.6
SUSL	iShares ESG MSCI USA Leaders ETF	0.8	10	25	5.9	+2.3
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	0.8	60	-25	7.3	+3.7
MDY	SPDR S&P Midcap 400 ETF Trust	0.8	24	11	8.2	+4.6
FXL	First Trust Technology AlphaDEX Fund	0.8	61	-26	6.7	+3.1
IJH	iShares Core S&P Mid-Cap ETF	0.8	5	30	8.4	+4.8
TPSC	Timothy Plan US Small Cap Core ETF	0.8	52	-17	8.2	+4.6
QUAL	iShares MSCI USA Quality Factor ETF	0.7	15	20	6.0	+2.4
SPMD	SPDR Portfolio S&P 400 Mid Cap ETF	0.7	3	32	8.4	+4.8
IVOO	Vanguard S&P Mid-Cap 400 ETF	0.7	10	25	8.4	+4.8
ILCG	iShares Morningstar Growth ETF	0.7	4	31	4.7	+1.1
CLOD	Themes Cloud Computing ETF	0.7	35	0	2.5	-1.1
TRFM	AAM Transformers ETF	0.7	49	-14	2.2	-1.4
DUHP	Dimensional US High Profitability ETF	0.7	21	14	7.4	+3.8
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	0.7	15	20	8.3	+4.7
MAGA	Point Bridge America First ETF	0.7	72	-37	8.7	+5.1
JOET	Virtus Terranova US Quality Momentum ETF	0.7	29	6	6.0	+2.4
FNY	First Trust Mid Cap Growth AlphaDEX Fund	0.7	70	-35	3.2	-0.4
IWO	iShares Russell 2000 Growth ETF	0.6	24	11	1.7	-1.9
VTWG	Vanguard Russell 2000 Growth ETF	0.6	15	20	1.8	-1.8
BGIG	Bahl & Gaynor Income Growth ETF	0.6	45	-10	6.0	+2.5
QGRW	WisdomTree U.S. Quality Growth Fund	0.6	28	7	5.4	+1.8
TPLC	Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund	0.6	52	-17	6.4	+2.8
TPLE	Timothy Plan Us Large/Mid Cap Core Enhanced ETF	0.6	58	-23	6.4	+2.8
CALF	Pacer US Small Cap Cash Cows 100 ETF	0.6	59	-24	14.0	+10.4
JGRO	JPMorgan Active Growth ETF	0.6	44	-9	4.6	+1.0
ROSC	Hartford Multifactor Small Cap ETF	0.6	34	1	10.0	+6.4
CGGR	Capital Group Growth ETF	0.6	39	-4	4.2	+0.6
IWS	iShares Russell Mid-Cap Value ETF	0.6	23	12	7.4	+3.8
GGUS	Marketbeta Russell 1000 Growth Equity ETF	0.6	12	23	5.5	+1.9
RZG	Invesco S&P Smallcap 600 Pure Growth ETF	0.5	35	0	4.3	+0.7
DEEP	Roundhill Acquirers Deep Value ETF	0.5	80	-45	22.5	+18.9
ONEY	SPDR Russell 1000 Yield Focus ETF	0.5	20	15	10.2	+6.7
IJK	iShares S&P Mid-Cap 400 Growth ETF	0.5	17	18	6.9	+3.3
LQPE	PEO AlphaQuest Thematic PE ETF	0.5	125	-90	7.8	+4.2
RWK	Invesco S&P MidCap 400 Revenue ETF	0.5	39	-4	11.6	+8.0
DON	WisdomTree U.S. MidCap Dividend Fund	0.5	38	-3	9.5	+5.9
SCHG	Schwab U.S. Large-Cap Growth ETF	0.5	4	31	5.0	+1.4
MDYG	SPDR S&P 400 Mid Cap Growth ETF	0.5	15	20	6.9	+3.3
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	0.5	15	20	6.9	+3.3
IWY	iShares Russell Top 200 Growth ETF	0.5	20	15	5.6	+2.0
SMLV	SPDR SSGA US Small Cap Low Volatility Index ETF	0.5	12	23	9.0	+5.4
STXD	Strive 1000 Dividend Growth ETF	0.5	35	0	5.6	+2.0
DSMC	Distillate Small/Mid Cash Flow ETF	0.5	55	-20	15.6	+12.0
EZM	WisdomTree U.S. MidCap Fund	0.5	38	-3	10.7	+7.1
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.5	42	-7	5.8	+2.2
IWF	iShares Russell 1000 Growth ETF	0.4	19	16	5.4	+1.8
VONG	Vanguard Russell 1000 Growth ETF	0.4	8	27	5.5	+1.9
IWR	iShares Russell Midcap ETF	0.4	19	16	6.5	+3.0
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	0.4	95	-60	0.9	-2.7
FPX	First Trust US Equity Opportunities ETF	0.4	61	-26	1.6	-2.0
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	0.4	39	-4	6.2	+2.6
IMCV	iShares Morningstar Mid-Cap Value ETF	0.4	6	29	9.0	+5.4
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.4	65	-30	4.1	+0.5
VFQY	Vanguard U.S. Quality Factor ETF	0.4	13	22	7.4	+3.8
BLES	Inspire Global Hope ETF	0.4	61	-26	7.8	+4.2
SFLO	VictoryShares Small Cap Free Cash Flow ETF	0.4	49	-14	14.9	+11.3
TECB	iShares U.S. Tech Breakthrough Multisector ETF	0.4	40	-5	4.5	+0.9
PPA	Invesco Aerospace & Defense ETF	0.3	58	-23	3.4	-0.2
QDF	FlexShares Quality Dividend Index Fund	0.3	37	-2	7.0	+3.4
JEPI	JPMorgan Equity Premium Income ETF	0.3	35	0	6.2	+2.6
FNX	First Trust Mid Cap Core AlphaDEX Fund	0.3	60	-25	9.5	+5.9
PAVE	Global X U.S. Infrastructure Development ETF	0.3	47	-12	7.1	+3.5
IQSU	IQ Candriam U.S. Large Cap Equity ETF	0.3	9	26	5.6	+2.0
IMCB	iShares Morningstar Mid-Cap ETF	0.3	4	31	6.8	+3.2
FBCG	Fidelity Blue Chip Growth ETF	0.2	59	-24	4.1	+0.5
PKW	Invesco Buyback Achievers ETF	0.1	62	-27	9.2	+5.6
IYW	iShares U.S. Technology ETF	0.1	40	-5	5.4	+1.8
IGPT	Invesco AI and Next Gen Software ETF	0.1	60	-25	5.8	+2.2
IMCG	iShares Morningstar Mid-Cap Growth ETF	0.1	6	29	4.7	+1.1
PSC	Principal U.S. Small-Cap ETF	0.1	38	-3	7.8	+4.2
FSST	Fidelity Sustainable U.S. Equity ETF	0.1	59	-24	5.0	+1.4
GGME	Invesco Next Gen Media and Gaming ETF	0.0	60	-25	5.8	+2.2
IWP	iShares Russell Mid-Cap Growth ETF	0.0	23	12	4.2	+0.6

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%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

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

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

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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	SPDR S&P Telecom ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

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