VanEck Office and Commercial REIT ETF
ALTAR
Score™		 12.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.4x P/Sales
ratio		 4.1x
P/BV
ratio		 1.1x Div.
yield		 3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DESK tracks a tiered modified market-cap weighted index composed of US-listed Office and Commercial REITs. The fund targets the top 25 highest ranked Office and Commerical REITs based on market cap and liquidity.

FUND BASICS
Category US Equities
Fund Sponsor VanEck
Website www.vaneck.com/us/en/investments/office-and-commercial-reit-desk/overview/
Inception date Sep 19, 2023
Assets (mns) $13
Currency USD
Expense ratio 50 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $15,482
Large cap (>$10bn) 27.7%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 16.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COUSINS PROPERTIES INC 10.4 %
BOSTON PROPERTIES INC 10.0 %
VORNADO REALTY TRUST 9.9 %
SL GREEN REALTY CORP 7.9 %
KILROY REALTY CORP 7.8 %
HIGHWOODS PROPERTIES INC 4.8 %
CORPORATE OFFICE PROPERTIES 4.8 %
DOUGLAS EMMETT INC 4.2 %
SIMON PROPERTY GROUP INC 4.1 %
REALTY INCOME CORP 4.0 %
Total 68.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.4% 14.4% -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 0.57 13%
MSCI EAFE 0.52 16%
MSCI Emg. Mkts. 0.16 4%

Technical Indicators
Recent close $42.40
30d moving avg. $41.90
Annualized volatility 18.5%
Short interest (ETF) 1.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 42
Turnover 14.0%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,340

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 432 potential alternatives to the VanEck Office and Commercial REIT ETF ETF based on the alternatives' overlap in portfolio holdings with DESK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DESK Expense: 50 bp ALTAR Score™: 12.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DESK
Ticker Fund
Name		 Overlap1
vs DESK
(%)		 Expense
ratio
(bp)		 Savings
vs DESK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DESK
(%)
RWR State Street SPDR Dow Jones REIT ETF 22.2 25 25 6.5 -6.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 21.8 11 39 6.8 -6.1
USRT iShares Core U.S. REIT ETF 21.4 8 42 6.7 -6.2
FRI First Trust S&P REIT Index Fund 20.6 50 0 6.3 -6.7
DFAR Dimensional US Real Estate ETF 20.4 19 31 7.0 -6.0
SCHH Schwab U.S. REIT ETF 20.2 7 43 7.0 -5.9
IYR iShares U.S. Real Estate ETF 19.3 40 10 6.7 -6.2
FREL Fidelity MSCI Real Estate Index ETF 18.9 8 42 6.8 -6.1
VNQ Vanguard Real Estate ETF 18.6 13 37 6.6 -6.3
RWO SPDR Dow Jones Global Real Estate ETF 18.0 50 0 6.1 -6.9
GQRE FlexShares Global Quality Real Estate Index Fund 17.8 45 5 7.2 -5.8
ERET iShares Environmentally Aware Real Estate ETF 17.6 30 20 6.7 -6.3
REET iShares Global REIT ETF 17.4 14 36 6.7 -6.2
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 16.7 40 10 7.4 -5.5
ICF iShares Cohen & Steers REIT ETF 16.6 33 17 7.1 -5.9
DFGR Dimensional Global Real Estate ETF 16.2 22 28 6.8 -6.1
KBWY Invesco KBW Premium Yield Equity REIT ETF 16.2 35 15 8.3 -4.6
XLRE Real Estate Select Sector SPDR 16.0 8 42 7.0 -5.9
VGSR Vert Global Sustainable Real Estate ETF 15.5 47 3 6.8 -6.2
BLDG Cambria Global Real Estate ETF 14.6 60 -10 10.6 -2.3
JPRE JPMorgan Realty Income ETF 14.6 50 0 6.7 -6.2
AVRE Avantis Real Estate ETF 14.1 17 33 6.6 -6.3
FPRO Fidelity Real Estate Investment ETF 13.1 59 -9 5.9 -7.0
PSR Invesco Active U.S. Real Estate Fund 12.2 35 15 6.8 -6.2
RIET Hoya Capital High Dividend Yield ETF 11.5 50 0 13.8 +0.8
JRE Janus Henderson U.S. Real Estate ETF 10.7 65 -15 5.6 -7.4
BYRE Principal Real Estate Active Opportunities ETF 10.2 65 -15 6.9 -6.1
RDOG ALPS REIT Dividend Dogs ETF 9.1 35 15 11.7 -1.3
RITA ETFB Green SRI REITs ETF 8.5 50 0 5.3 -7.6
REAI Intelligent Real Estate ETF 7.9 59 -9 5.5 -7.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 7.6 10 40 3.6 -9.3
NETL NETLease Corporate Real Estate ETF 7.0 60 -10 7.3 -5.6
IQRA IQ CBRE Real Assets ETF 6.6 65 -15 5.7 -7.2
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 6.6 7 43 9.7 -3.3
XMLV Invesco S&P MidCap Low Volatility ETF 6.5 25 25 6.5 -6.4
INDS Pacer Industrial Real Estate ETF 6.4 55 -5 5.8 -7.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.3 30 20 8.5 -4.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.6 30 20 13.1 +0.1
SPLV Invesco S&P 500 Low Volatility ETF 5.2 25 25 4.9 -8.0
BIBL Inspire 100 ETF 5.0 35 15 4.1 -8.9
VRAI Virtus Real Asset Income ETF 4.6 55 -5 8.2 -4.7
LVDS JPMorgan Fundamental Data Science Large Value ETF 4.5 49 1 4.5 -8.4
WTRE WisdomTree New Economy Real Estate Fund 4.4 58 -8 -0.3 -13.3
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 4.4 60 -10 5.4 -7.5
DIV Global X SuperDividend US ETF 4.4 45 5 9.4 -3.5
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 4.2 12 38 5.4 -7.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 4.1 60 -10 4.4 -8.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.1 80 -30 6.5 -6.4
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 4.0 56 -6 6.6 -6.4
SRET Global X SuperDividend REIT ETF 4.0 59 -9 12.5 -0.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 4.0 27 23 6.3 -6.6
SPRE SP Funds S&P Global REIT Sharia ETF 3.9 55 -5 5.2 -7.7
DIVG Invesco S&P 500 High Dividend Growers ETF 3.8 39 11 7.0 -5.9
ABLD Abacus FCF Real Assets Leaders ETF 3.8 69 -19 6.6 -6.4
SPDV AAM S&P 500 High Dividend Value ETF 3.7 29 21 10.4 -2.6
TBG TBG Dividend Focus ETF 3.5 59 -9 6.0 -6.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.4 70 -20 4.5 -8.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 3.4 24 26 6.9 -6.0
ERTH Invesco MSCI Sustainable Future ETF 3.3 62 -12 3.2 -9.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 3.3 60 -10 4.2 -8.7
ULVM VictoryShares US Value Momentum ETF 3.3 20 30 5.8 -7.1
SDIV Global X Superdividend ETF 3.2 58 -8 13.6 +0.7
PFI Invesco Dorsey Wright Financial Momentum ETF 3.2 60 -10 4.4 -8.5
WDIV SPDR S&P Global Dividend ETF 3.1 40 10 8.8 -4.2
DIVL Madison Dividend Value ETF 3.1 65 -15 4.7 -8.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 3.1 15 35 4.9 -8.1
SWP SWP Growth & Income ETF 2.9 99 -49 4.2 -8.7
DON WisdomTree U.S. MidCap Dividend Fund 2.9 38 12 7.8 -5.2
NIXT Research Affiliates Deletions ETF 2.9 9 41 5.9 -7.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.9 18 32 6.6 -6.3
DEW WisdomTree Global High Dividend Fund 2.9 58 -8 6.9 -6.0
FDVV Fidelity High Dividend ETF 2.8 15 35 6.4 -6.6
BUYZ Franklin Disruptive Commerce ETF 2.7 50 0 2.4 -10.6
ISHP First Trust Nasdaq Retail ETF 2.7 60 -10 5.1 -7.9
DIVE Dana Concentrated Dividend ETF 2.7 65 -15 6.5 -6.4
IJJ iShares S&P Mid-Cap 400 Value ETF 2.6 18 32 7.5 -5.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 2.6 15 35 7.6 -5.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.6 10 40 7.6 -5.3
PSCF Invesco S&P SmallCap Financials ETF 2.6 29 21 7.8 -5.2
BEEX BeeHive ETF 2.6 84 -34 3.6 -9.4
VBR Vanguard Small Cap Value ETF 2.6 7 43 7.4 -5.5
ASLV Allspring Special Large Value ETF 2.5 35 15 4.9 -8.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.4 39 11 8.8 -4.1
FCPI Fidelity Stocks for Inflation ETF 2.4 15 35 5.7 -7.2
VFMV Vanguard U.S. Minimum Volatility ETF 2.4 13 37 5.6 -7.4
FYT First Trust Small Cap Value AlphaDEX Fund 2.3 73 -23 8.9 -4.0
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.3 20 30 8.3 -4.6
FNK First Trust Mid Cap Value AlphaDEX Fund 2.3 70 -20 9.0 -3.9
SDY State Street SPDR S&P Dividend ETF 2.2 35 15 5.9 -7.1
EQL Alps Equal Sector Weight ETF 2.2 25 25 5.0 -7.9
FNDA Schwab Fundamental US Small Co. Index ETF 2.2 25 25 5.8 -7.2
EQAL Invesco Russell 1000 Equal Weight ETF 2.2 20 30 5.9 -7.0
CHGX AXS Change Finance ESG ETF 2.1 49 1 4.2 -8.8
IWP iShares Russell Mid-Cap Growth ETF 2.1 23 27 2.9 -10.1
JHDV John Hancock U.S. High Dividend ETF 2.1 34 16 5.7 -7.2
XJH iShares ESG Screened S&P Mid-Cap ETF 2.1 12 38 5.7 -7.2
STXM Strive Mid-Cap ETF 2.0 18 32 5.9 -7.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.0 15 35 6.0 -6.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.0 4 46 16.4 +3.5
ICAP InfraCap Equity Income Fund ETF 2.0 171 -121 4.3 -8.6
RJDI RJ Eagle Dividend Select Income ETF 2.0 55 -5 4.4 -8.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 2.0 15 35 6.5 -6.4
MDY SPDR S&P Midcap 400 ETF Trust 1.9 23 27 5.7 -7.2
FLDZ RiverNorth Patriot ETF 1.9 75 -25 5.4 -7.6
YALL God Bless America ETF 1.9 65 -15 4.4 -8.5
IJH iShares Core S&P Mid-Cap ETF 1.8 5 45 5.9 -7.1
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 46 5.7 -7.3
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.8 3 47 5.9 -7.0
WCEO Hypatia Women CEO ETF 1.8 85 -35 4.3 -8.6
DEMZ Democratic Large Cap Core ETF 1.8 45 5 3.7 -9.3
IVOO Vanguard S&P Mid-Cap 400 ETF 1.8 7 43 5.9 -7.1
XSLV Invesco S&P SmallCap Low Volatility ETF 1.8 25 25 6.9 -6.0
FSMD Fidelity Small-Mid Multifactor ETF 1.8 15 35 6.2 -6.7
ISCV iShares Morningstar Small Cap Value ETF 1.8 6 44 7.2 -5.7
IWR iShares Russell Midcap ETF 1.8 19 31 5.1 -7.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.8 15 35 5.9 -7.1
BLES Inspire Global Hope ETF 1.7 61 -11 5.5 -7.4
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.7 29 21 6.5 -6.5
SMLF iShares U.S. SmallCap Equity Factor ETF 1.7 15 35 4.7 -8.2
QUVU Hartford Quality Value ETF 1.6 46 4 5.3 -7.6
IWS iShares Russell Mid-Cap Value ETF 1.6 23 27 5.7 -7.2
FVD First Trust Value Line Dividend Index Fund 1.6 65 -15 5.5 -7.5
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.6 20 30 5.3 -7.6
DTD WisdomTree U.S. Total Dividend Fund 1.6 28 22 5.5 -7.5
PTL Inspire 500 ETF 1.6 9 41 4.3 -8.6
CVAR Cultivar ETF 1.6 87 -37 6.7 -6.2
ISMD Inspire Small/Mid Cap ETF 1.6 54 -4 4.6 -8.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.6 60 -10 6.5 -6.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.6 6 44 6.6 -6.3
SIXL ETC 6 Meridian Low Beta Equity ETF 1.6 80 -30 5.7 -7.2
FYX First Trust Small Cap Core AlphaDEX Fund 1.5 61 -11 4.9 -8.1
FNX First Trust Mid Cap Core AlphaDEX Fund 1.5 60 -10 5.9 -7.0
VB Vanguard Small-Cap ETF 1.5 5 45 5.0 -8.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.5 17 33 4.7 -8.2
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.5 20 30 7.0 -5.9
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.5 55 -5 8.3 -4.6
GOP Unusual Whales Subversive Republican Trading ETF 1.5 50 0 4.1 -8.8
DGT State Street SPDR Global Dow ETF 1.5 50 0 5.5 -7.5
XMMO Invesco S&P MidCap Momentum ETF 1.5 34 16 3.5 -9.5
MDLV Morgan Dempsey Large Cap Value ETF 1.5 58 -8 5.8 -7.2
SFYF SoFi Social 50 ETF 1.4 29 21 0.8 -12.2
HGRO Hedgeye Quality Growth ETF 1.4 70 -20 3.4 -9.6
BDIV AAM Brentview Dividend Growth ETF 1.4 49 1 3.6 -9.3
SMMD iShares Russell 2500 ETF 1.4 15 35 5.2 -7.7
VOT Vanguard Mid-Cap Growth ETF 1.4 7 43 3.0 -9.9
DES WisdomTree U.S. SmallCap Dividend Fund 1.4 38 12 7.6 -5.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.4 24 26 5.7 -7.3
SIXA ETC 6 Meridian Mega Cap Equity ETF 1.4 80 -30 5.4 -7.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 15 10.6 -2.4
XOEF iShares S&P 500 ex S&P 100 ETF 1.3 20 30 4.5 -8.4
FAB First Trust Multi Cap Value AlphaDEX Fund 1.3 67 -17 8.1 -4.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.3 29 21 6.1 -6.8
DLN WisdomTree U.S. LargeCap Dividend Fund 1.3 28 22 5.2 -7.7
ISCB iShares Morningstar Small-Cap ETF 1.3 4 46 5.1 -7.9
VO Vanguard Mid-Cap ETF 1.3 4 46 20.3 +7.4
AUSF Global X Adaptive U.S. Factor ETF 1.3 27 23 7.8 -5.2
USMF WisdomTree U.S. Multifactor Fund 1.3 28 22 6.4 -6.5
NULV Nuveen ESG Large-Cap Value ETF 1.3 26 24 5.0 -8.0
SMOX Horizon Small/Mid Cap Core Equity ETF 1.2 75 -25 5.1 -7.8
STXK Strive Small-Cap ETF 1.2 18 32 4.9 -8.1
HDUS Hartford Disciplined US Equity ETF 1.2 19 31 4.6 -8.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.2 49 1 7.6 -5.4
SIZE iShares MSCI USA Size Factor ETF 1.2 15 35 5.3 -7.7
VOE Vanguard Mid-Cap Value ETF 1.2 7 43 6.5 -6.4
EUSA iShares MSCI USA Equal Weighted ETF 1.2 9 41 5.3 -7.7
RSP Invesco S&P 500 Equal Weight ETF 1.2 20 30 5.6 -7.3
SCHA Schwab U.S. Small-Cap ETF 1.2 4 46 4.2 -8.8
STXD Strive 1000 Dividend Growth ETF 1.2 35 15 4.2 -8.7
IMCB iShares Morningstar Mid-Cap ETF 1.2 4 46 5.0 -8.0
FVAL Fidelity Value Factor ETF 1.2 15 35 5.7 -7.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.1 30 20 3.6 -9.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.1 7 43 5.1 -7.9
FLQL Franklin LibertyQ U.S. Equity ETF 1.1 15 35 4.5 -8.5
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 11 6.9 -6.0
RFV Invesco S&P Midcap 400 Pure Value ETF 1.1 35 15 10.5 -2.4
SCHV Schwab U.S. Large-Cap Value ETF 1.1 4 46 5.4 -7.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.1 20 30 5.4 -7.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.1 10 40 4.1 -8.9
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.1 15 35 4.0 -8.9
IJK iShares S&P Mid-Cap 400 Growth ETF 1.1 17 33 4.0 -8.9
BKSE BNY Mellon US Small Cap Core Equity ETF 1.1 4 46 14.7 +1.8
GSPY Gotham Enhanced 500 ETF 1.1 50 0 4.2 -8.7
IUSV iShares Core S&P US Value ETF 1.1 4 46 5.7 -7.3
CGDV Capital Group Dividend Value ETF 1.0 33 17 3.6 -9.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.0 14 36 4.0 -8.9
FMDE Fidelity Enhanced Mid Cap ETF 1.0 23 27 5.1 -7.8
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 5.2 -7.7
FUNL CornerCap Fundametrics Large-Cap ETF 1.0 50 0 6.4 -6.6
DIVB iShares Core Dividend ETF 1.0 5 45 6.4 -6.5
PRXV Praxis Impact Large Cap Value ETF 1.0 36 14 5.3 -7.7
TMFS Motley Fool Small-Cap Growth ETF 1.0 85 -35 1.1 -11.8
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.0 60 -10 4.8 -8.1
USXF iShares ESG Advanced MSCI USA ETF 1.0 10 40 3.7 -9.2
UDI USCF Dividend Income Fund 1.0 65 -15 6.4 -6.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 20 7.3 -5.7
GVUS Marketbeta Russell 1000 Value Equity ETF 1.0 12 38 5.1 -7.9
IVE iShares S&P 500 Value ETF 1.0 18 32 5.4 -7.5
VOOV Vanguard S&P 500 Value ETF 1.0 7 43 5.5 -7.4
VLUE iShares MSCI USA Value Factor ETF 1.0 15 35 6.1 -6.9
SPYV State Street SPDR Portfolio S&P 500 Value ETF 1.0 4 46 5.5 -7.4
NUMV Nuveen ESG Mid-Cap Value ETF 1.0 31 19 5.2 -7.7
JPSV JPMorgan Active Small Cap Value ETF 1.0 74 -24 6.8 -6.2
STXV Strive 1000 Value ETF 1.0 18 32 6.6 -6.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.0 25 25 7.2 -5.7
EZM WisdomTree U.S. MidCap Fund 1.0 38 12 7.6 -5.3
IWN iShares Russell 2000 Value ETF 0.9 24 26 4.4 -8.5
VTWV Vanguard Russell 2000 Value ETF 0.9 10 40 4.6 -8.3
NUSC Nuveen ESG Small-Cap ETF 0.9 31 19 4.6 -8.3
VXF Vanguard Extended Market ETF 0.9 5 45 3.6 -9.4
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -56 9.6 -3.4
VEGN US Vegan Climate ETF 0.9 60 -10 3.3 -9.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 14 4.0 -9.0
VTV Vanguard Value ETF 0.9 4 46 5.6 -7.4
OEI Optimized Equity Income ETF 0.9 75 -25 3.6 -9.4
QUAL iShares MSCI USA Quality Factor ETF 0.9 15 35 4.3 -8.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.9 20 30 5.8 -7.2
WTV WisdomTree US Value ETF 0.9 12 38 7.5 -5.5
JVAL JPMorgan U.S. Value Factor ETF 0.9 12 38 6.5 -6.5
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.9 12 38 6.0 -7.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.8 6 44 2.6 -10.3
IWD iShares Russell 1000 Value ETF 0.8 19 31 5.0 -7.9
VONV Vanguard Russell 1000 Value ETF 0.8 7 43 5.1 -7.8
QDF FlexShares Quality Dividend Index Fund 0.8 37 13 5.1 -7.8
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 35 5.5 -7.5
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.8 25 25 10.2 -2.7
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 4.5 -8.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 41 3.4 -9.5
JHSC John Hancock Multifactor Small Cap ETF 0.8 42 8 5.7 -7.3
DEUS Xtrackers Russell US Multifactor ETF 0.8 17 33 6.2 -6.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.8 70 -20 2.0 -10.9
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -15 3.3 -9.7
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.8 15 35 8.4 -4.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 40 8.4 -4.5
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 21 3.7 -9.3
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 8.3 -4.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.8 9 41 4.8 -8.2
PFM Invesco Dividend Achievers ETF 0.8 53 -3 4.5 -8.4
ETHO Etho Climate Leadership U.S. ETF 0.8 47 3 3.9 -9.1
ZECP Zacks Earnings Consistent Portfolio ETF 0.8 55 -5 4.0 -9.0
KLMN Invesco MSCI North America Climate ETF 0.8 9 41 4.2 -8.8
STOX Horizon Core Equity ETF 0.8 70 -20 3.4 -9.5
SFTY Horizon Managed Risk ETF 0.8 77 -27 3.4 -9.6
NUDV Nuveen ESG Dividend ETF 0.8 26 24 5.9 -7.0
IMCG iShares Morningstar Mid-Cap Growth ETF 0.8 6 44 3.2 -9.8
ILCV iShares Morningstar Value ETF 0.8 4 46 5.1 -7.8
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 8 5.2 -7.7
JPEF JPMorgan Equity Focus ETF 0.8 50 0 3.7 -9.3
RAYD Rayliant Quantitative Developed Market Equity ETF 0.7 80 -30 3.5 -9.4
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.7 19 31 4.6 -8.4
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 35 5.2 -7.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.7 35 15 4.1 -8.8
FQAL Fidelity Quality Factor ETF 0.7 15 35 4.7 -8.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.7 15 35 4.1 -8.9
RSSL Global X Russell 2000 ETF 0.7 8 42 2.5 -10.4
FEGE First Eagle Global Equity ETF 0.7 79 -29 5.8 -7.1
AFMC First Trust Active Factor Mid Cap ETF 0.7 65 -15 6.7 -6.3
DSPY Tema S&P 500 Historical Weight ETF 0.7 18 32 4.3 -8.7
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 4.0 -8.9
MAGA Point Bridge America First ETF 0.7 72 -22 5.0 -7.9
DSI iShares MSCI KLD 400 Social ETF 0.7 25 25 4.0 -8.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.7 10 40 4.1 -8.8
MGV Vanguard Mega Cap Value ETF 0.7 7 43 5.2 -7.7
FDMO Fidelity Momentum Factor ETF 0.7 15 35 2.4 -10.5
WSML iShares MSCI World Small-Cap ETF 0.6 15 35 5.2 -7.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.6 64 -14 1.2 -11.7
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.6 5 45 7.2 -5.7
LRGF iShares U.S. Equity Factor ETF 0.6 8 42 4.5 -8.5
PRF Invesco FTSE RAFI US 1000 ETF 0.6 34 16 5.4 -7.6
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 32 5.2 -7.8
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 25 4.4 -8.6
SPVM Invesco S&P 500 Value with Momentum ETF 0.6 39 11 6.0 -6.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 15 5.6 -7.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.6 12 38 3.8 -9.2
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 13 5.3 -7.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 41 5.0 -7.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.6 8 42 4.3 -8.7
NULC Nuveen ESG Large-Cap ETF 0.6 21 29 3.8 -9.1
EES WisdomTree U.S. SmallCap Fund 0.6 38 12 7.3 -5.7
TOPC iShares S&P 500 3% Capped ETF 0.6 15 35 4.2 -8.7
FTC First Trust Large Cap Growth AlphaDEX Fund 0.6 59 -9 1.8 -11.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.6 7 43 4.3 -8.7
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.6 20 30 4.2 -8.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.6 15 35 5.8 -7.2
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 71 -21 -0.6 -13.6
XVV iShares ESG Screened S&P 500 ETF 0.6 8 42 4.0 -8.9
SCHB Schwab U.S. Broad Market ETF 0.6 3 47 4.1 -8.8
VONE Vanguard Russell 1000 ETF 0.6 7 43 4.1 -8.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.6 3 47 4.2 -8.7
IWB iShares Russell 1000 ETF 0.6 15 35 4.0 -8.9
CATH Global X S&P 500 Catholic Values Custom ETF 0.6 29 21 3.9 -9.0
IWV iShares Russell 3000 ETF 0.6 20 30 3.9 -9.0
IYY iShares Dow Jones U.S. ETF 0.5 20 30 4.0 -9.0
VTI Vanguard Total Stock Market ETF 0.5 3 47 4.0 -8.9
VTHR Vanguard Russell 3000 ETF 0.5 7 43 4.0 -8.9
BLCV iShares Large Cap Value Active ETF 0.5 53 -3 5.8 -7.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.5 3 47 4.0 -8.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.5 75 -25 3.1 -9.8
SCHK Schwab 1000 Index ETF 0.5 5 45 4.1 -8.8
CHRI Global X S&P 500 Christian Values ETF 0.5 29 21 3.8 -9.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 25 4.7 -8.2
IWX iShares Russell Top 200 Value ETF 0.5 20 30 4.7 -8.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.5 25 25 5.9 -7.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.5 9 41 3.8 -9.1
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 40 4.8 -8.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 3.9 -9.0
QVML Invesco S&P 500 QVM Multi-factor ETF 0.5 11 39 4.2 -8.8
SCHX Schwab U.S. Large-Cap ETF 0.5 3 47 4.2 -8.8
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.5 20 30 3.9 -9.1
MNZL Manzil Russell Halal USA Broad MarketETF 0.5 40 10 3.8 -9.2
VOO Vanguard S&P 500 ETF 0.5 3 47 4.1 -8.8
IVV iShares Core S&P 500 ETF 0.5 3 47 4.1 -8.8
SPY SPDR S&P 500 ETF 0.5 9 41 4.0 -8.9
SPYM State Street SPDR Portfolio S&P 500 ETF 0.5 2 48 4.1 -8.8
JHML John Hancock Multifactor Large Cap ETF 0.5 29 21 4.3 -8.6
SPXE ProShares S&P 500 Ex-Energy ETF 0.5 9 41 3.9 -9.0
PBUS Invesco MSCI USA ETF 0.5 4 46 4.1 -8.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 4.3 -8.6
IWM iShares Russell 2000 ETF 0.5 19 31 2.5 -10.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.5 12 38 3.2 -9.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.5 11 39 4.0 -8.9
RAUS RACWI US ETF 0.5 15 35 4.0 -8.9
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 38 5.7 -7.2
EVUS iShares ESG Aware MSCI USA Value ETF 0.5 18 32 5.4 -7.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 -9 4.8 -8.2
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 47 4.0 -8.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 11 3.3 -9.6
DHS WisdomTree U.S. High Dividend Fund 0.5 38 12 7.8 -5.1
SNPV Xtrackers S&P 500 Value ESG ETF 0.5 15 35 5.3 -7.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 48 4.1 -8.9
SNPE Xtrackers S&P 500 ESG ETF 0.5 10 40 4.2 -8.7
SSPY Syntax Stratified LargeCap ETF 0.5 30 20 5.8 -7.1
ACVF American Conservative Values ETF 0.4 75 -25 3.6 -9.4
VTWO Vanguard Russell 2000 ETF 0.4 7 43 2.6 -10.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 47 5.9 -7.0
VV Vanguard Large-Cap ETF 0.4 4 46 4.0 -8.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 43 5.7 -7.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.4 15 35 4.9 -8.1
VOTE TCW Transform 500 ETF 0.4 5 45 4.0 -8.9
GXLC Global X U.S. 500 ETF 0.4 2 48 4.0 -9.0
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 4.1 -8.9
TOV JLens 500 Jewish Advocacy U.S. ETF 0.4 18 32 3.8 -9.1
IJR iShares Core S&P Small Cap ETF 0.4 6 44 5.9 -7.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 40 4.1 -8.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 41 4.1 -8.9
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 21 5.9 -7.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 43 4.0 -9.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.4 0 50 12.2 -0.8
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.4 60 -10 4.5 -8.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 30 3.7 -9.2
ROUS Hartford Multifactor US Equity ETF 0.4 19 31 5.2 -7.7
STXG Strive 1000 Growth ETF 0.4 18 32 3.2 -9.8
RVRB Reverb ETF 0.4 30 20 3.6 -9.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.4 20 30 4.1 -8.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.4 25 25 5.9 -7.0
TOK iShares MSCI Kokusai ETF 0.4 26 24 4.2 -8.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.4 39 11 7.3 -5.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 5 3.6 -9.4
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 -9 7.2 -5.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 4.7 -8.2
FDLO Fidelity Low Volatility Factor ETF 0.4 15 35 4.7 -8.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 4.3 -8.7
URTH iShares MSCI World ETF 0.4 24 26 4.2 -8.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.4 49 1 3.6 -9.4
LCDS JPMorgan Fundamental Data Science Large Core ETF 0.4 30 20 3.9 -9.0
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 0 7.8 -5.1
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 5.5 -7.4
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.3 60 -10 9.0 -4.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 30 4.6 -8.3
VT Vanguard Total World Stock ETF 0.3 6 44 4.9 -8.1
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 38 4.7 -8.2
LOWV AB US Low Volatility Equity ETF 0.3 48 2 4.2 -8.7
SFY SoFi Select 500 ETF 0.3 0 50 3.7 -9.3
REVS Columbia Research Enhanced Value ETF 0.3 19 31 6.3 -6.7
ACWI iShares MSCI ACWI ETF 0.3 32 18 4.5 -8.4
ENHU iShares Enhanced Large Cap Core Active ETF 0.3 22 28 4.0 -9.0
APUE ActivePassive U.S. Equity ETF 0.3 45 5 3.8 -9.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 11 2.1 -10.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 21 5.4 -7.5
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 35 4.0 -8.9
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 1 4.8 -8.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 11 6.7 -6.2
MGC Vanguard Mega Cap ETF 0.3 7 43 3.8 -9.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.3 59 -9 8.1 -4.8
EPS WisdomTree U.S. LargeCap Fund 0.3 8 42 4.6 -8.4
AFLG First Trust Active Factor Large Cap ETF 0.3 55 -5 4.8 -8.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 18 3.8 -9.1
FELC Fidelity Enhanced Large Cap Core ETF 0.3 18 32 4.2 -8.8
IWL iShares Russell Top 200 ETF 0.3 15 35 3.8 -9.2
JAVA JPMorgan Active Value ETF 0.2 44 6 5.2 -7.8
PSC Principal U.S. Small-Cap ETF 0.2 38 12 3.4 -9.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 43 3.7 -9.3
ROSC Hartford Multifactor Small Cap ETF 0.2 34 16 6.7 -6.3
IWF iShares Russell 1000 Growth ETF 0.2 19 31 14.7 +1.7
DAK Dakota Active Equity ETF 0.2 43 7 3.6 -9.3
ADME Aptus Drawdown Managed Equity ETF 0.2 79 -29 3.3 -9.7
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.2 35 15 4.6 -8.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 4.9 -8.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 41 4.2 -8.7
FESM Fidelity Enhanced Small Cap ETF 0.2 28 22 2.1 -10.9
GEW Cambria Global EW ETF 0.2 29 21 5.2 -7.7
WSGE Warren Street Global Equity ETF 0.2 80 -30 2.8 -10.2
ILCG iShares Morningstar Growth ETF 0.2 4 46 3.1 -9.9
OEF iShares S&P 100 ETF 0.2 20 30 3.7 -9.2
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 5.5 -7.4
OPTZ Optimize Strategy Index ETF 0.2 50 0 3.3 -9.7
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 8 3.4 -9.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.4 -7.5
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 46 3.0 -9.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 21 3.9 -9.1
RECS Columbia Research Enhanced Core ETF 0.1 15 35 5.2 -7.8
GLOF iShares Global Equity Factor ETF 0.1 20 30 5.4 -7.5
SUSA iShares MSCI USA ESG Select ETF 0.1 25 25 3.9 -9.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.0 -7.9
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 10 3.4 -9.5
VUG Vanguard Growth ETF 0.1 4 46 20.3 +7.4
IVW iShares S&P 500 Growth ETF 0.1 18 32 2.9 -10.1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF 0.1 4 46 3.0 -9.9
VOOG Vanguard S&P 500 Growth ETF 0.1 7 43 18.2 +5.3
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.1 15 35 3.4 -9.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 38 3.5 -9.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 10 40 3.4 -9.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 32 3.4 -9.6
AIEQ AI Powered Equity ETF 0.1 75 -25 3.6 -9.4
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 14 3.1 -9.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 3.9 -9.0
IWO iShares Russell 2000 Growth ETF 0.0 24 26 0.5 -12.5
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 40 0.6 -12.3
PKW Invesco Buyback Achievers ETF 0.0 62 -12 6.9 -6.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 2.9 -10.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.0 35 15 6.1 -6.9
VBK Vanguard Small-Cap Growth ETF 0.0 7 43 1.2 -11.7
EBI Longview Advantage ETF 0.0 35 15 5.7 -7.3

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:		 VanEck Office and Commercial REIT 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 14.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 12.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.77 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.