Renaissance IPO ETF
ALTAR
Score™		 1.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 37.7x P/Sales
ratio		 5.6x
P/BV
ratio		 7.0x Div.
yield		 1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Renaissance IPO ETF is an exchange-traded fund incorporated in the USA. The ETF provides investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The ETF tracks the rules-based Renaissance IPO Index designed by leading IPO research firm Renaissance Capital.

FUND BASICS
Category US Equities
Fund Sponsor Renaissance Capital LLC
Website www.renaissancecapital.com
Inception date Oct 16, 2013
Assets (mns) $153
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $13,245
Large cap (>$10bn) 61.3%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 0.0%
Developed mkts 86.9%
Emerging mkts 13.1%

TOP TEN HOLDINGS
COREWEAVE INC-CL A 12.2 %
ARM HOLDINGS PLC 9.0 %
ASTERA LABS INC 8.9 %
KENVUE, INC. 8.7 %
REDDIT INC-CL A 7.4 %
MEDLINE INC-CL A 4.9 %
VIKING HOLDINGS LTD 4.7 %
CIRCLE INTERNET GROUP INC 3.8 %
CAVA GROUP INC 3.2 %
AMERICAN HEALTHC 3.0 %
Total 65.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 70.1 %
BRITAIN 9.0 %
KAZAKHSTAN 2.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.0% 33.1% -1.5% 11.1% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.81 55%
MSCI EAFE 1.06 31%
MSCI Emg. Mkts. 0.91 39%

Technical Indicators
Recent close $53.53
30d moving avg. $51.73
Annualized volatility 27.5%
Short interest (ETF) 5.6%
Short interest (Underlying) 6.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 36
Turnover 1.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $1,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 541 potential alternatives to the Renaissance IPO ETF ETF based on the alternatives' overlap in portfolio holdings with IPO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPO Expense: 60 bp ALTAR Score™: 1.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPO
Ticker Fund
Name		 Overlap1
vs IPO
(%)		 Expense
ratio
(bp)		 Savings
vs IPO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IPO
(%)
SMHX VanEck Fabless Semiconductor ETF 15.8 35 25 1.7 +0.1
SPRX Spear Alpha ETF 15.4 75 -15 -0.8 -2.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 14.0 70 -10 3.8 +2.2
FPX First Trust US Equity Opportunities ETF 10.4 61 -1 0.8 -0.8
FPXI First Trust International Equity Opportunities ETF 10.2 70 -10 3.7 +2.1
WAR U.S. Global Tech and Aerospace & Defense ETF 9.4 60 0 0.1 -1.5
CHAT Roundhill Generative AI & Technology ETF 9.4 75 -15 3.9 +2.3
ARKW ARK Next Generation Internet ETF 8.8 87 -27 0.7 -0.9
NBDS Neuberger Berman Disrupters ETF 7.5 55 5 0.7 -0.9
SOCL Global X Social Media ETF 7.4 65 -5 12.5 +10.9
LOUP Innovator Deepwater Frontier Tech ETF 7.2 70 -10 0.8 -0.8
ARTY iShares Future AI & Tech ETF 6.6 47 13 2.4 +0.8
CHPX Global X AI Semiconductor & Quantum ETF 6.5 50 10 1.6 -0.1
ARKK ARK Innovation ETF 6.3 75 -15 -3.0 -4.6
TOGA Tremblant Global ETF 5.7 69 -9 -0.2 -1.8
TRFK Pacer Data and Digital Revolution ETF 5.5 60 0 1.8 +0.2
TMFX Motley Fool Next Index ETF 5.4 50 10 3.0 +1.4
SKYY First Trust Cloud Computing ETF 5.3 60 0 2.7 +1.1
METV Roundhill Ball Metaverse ETF 5.0 59 1 8.1 +6.5
QTUM Defiance Quantum ETF 5.0 40 20 3.5 +1.9
BPAY BlackRock Future Financial and Technology ETF 4.8 70 -10 5.8 +4.2
XITK State Street SPDR FactSet Innovative Technology ETF 4.7 45 15 0.1 -1.5
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 4.6 41 19 4.0 +2.4
OGIG ALPS O'Shares Global Internet Giants ETF 4.6 48 12 2.5 +0.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.6 58 2 3.1 +1.5
MVAL VanEck Morningstar Wide Moat Value ETF 4.4 49 11 6.4 +4.8
FINX Global X FinTech ETF 4.4 68 -8 3.2 +1.6
DAPP VanEck Digital Transformation ETF 4.2 50 10 0.0 -1.6
BKCH Global X Blockchain ETF 4.2 50 10 -2.8 -4.4
IBLC iShares Blockchain and Tech ETF 4.2 47 13 -1.2 -2.8
BITQ Bitwise Crypto Industry Innovators ETF 4.2 85 -25 -2.1 -3.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 4.2 57 3 2.3 +0.7
XSD State Street SPDR S&P Semiconductor ETF 4.1 35 25 2.0 +0.4
AIS VistaShares Artificial Intelligence Supercycle ETF 3.9 75 -15 0.9 -0.7
CSMD Congress SMid Growth ETF 3.9 69 -9 3.5 +1.9
BEDZ AdvisorShares Hotel ETF 3.8 100 -40 5.0 +3.4
ARKF ARK Fintech Innovation ETF 3.8 75 -15 0.3 -1.3
IVRS iShares Future Metaverse Tech and Communications ETF 3.8 47 13 5.2 +3.6
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.8 65 -5 5.2 +3.6
BOUT Innovator IBD Breakout Opportunities ETF 3.6 81 -21 2.9 +1.3
DBSC Deepwater Beachfront Small Cap ETF 3.6 85 -25 1.1 -0.5
FMTM MarketDesk Focused U.S. Momentum ETF 3.5 45 15 4.6 +3.0
CBSE Clough Select Equity ETF 3.4 85 -25 0.3 -1.3
LRNZ TrueShares Technology, AI & Deep Learning ETF 3.3 69 -9 -0.8 -2.4
SAMM Strategas Macro Momentum ETF 3.3 66 -6 3.7 +2.1
IWP iShares Russell Mid-Cap Growth ETF 3.2 23 37 2.9 +1.3
SOXX iShares Semiconductor ETF 3.1 35 25 1.9 +0.3
FCLD Fidelity Cloud Computing ETF 3.1 39 21 3.0 +1.4
TRFM AAM Transformers ETF 3.1 49 11 1.0 -0.6
VERS ProShares Metaverse ETF 3.0 58 2 0.3 -1.3
WCBR WisdomTree Cybersecurity Fund 3.0 45 15 2.2 +0.6
SPAM Themes Cybersecurity ETF 3.0 35 25 2.0 +0.4
BUG Global X Cybersecurity ETF 3.0 51 9 2.5 +0.9
SCDV Bahl & Gaynor Small Cap Dividend ETF 3.0 70 -10 4.0 +2.4
USRD Themes US R&D Champions ETF 3.0 29 31 3.8 +2.2
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.9 60 0 5.1 +3.5
DIVZ TrueShares Low Volatility Equity Income ETF 2.9 65 -5 5.9 +4.3
XHS State Street SPDR S&P Health Care Services ETF 2.8 35 25 3.7 +2.1
GURU Global X Guru Index ETF 2.8 75 -15 2.4 +0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.7 70 -10 2.1 +0.5
IVES Wedbush ETFMG Global Cloud Technology ETF 2.7 68 -8 3.5 +1.9
DAT ProShares Big Data Refiners ETF 2.7 58 2 3.0 +1.4
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 2.7 60 0 2.7 +1.1
VBK Vanguard Small-Cap Growth ETF 2.7 7 53 1.2 -0.4
EKG First Trust Nasdaq Lux Digital Health Solutions ETF 2.7 65 -5 0.6 -1.0
HEAL Global X HealthTech ETF 2.7 50 10 -1.5 -3.1
BUZZ VanEck Social Sentiment ETF 2.7 75 -15 -0.7 -2.3
CAML Congress Large Cap Growth ETF 2.7 66 -6 2.4 +0.8
FMKT The Free Markets ETF 2.6 76 -16 4.2 +2.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.6 86 -26 0.3 -1.3
TMAT Main Thematic Innovation ETF 2.5 164 -104 -1.9 -3.5
MOAT VanEck Morningstar Wide Moat ETF 2.5 46 14 5.6 +4.0
OSCV Opus Small Cap Value ETF 2.4 79 -19 5.9 +4.3
FDCF Fidelity Disruptive Communications ETF 2.4 50 10 1.9 +0.3
DTEC ALPS Disruptive Technologies ETF 2.4 50 10 3.6 +2.0
AIRR First Trust RBA American Industrial Renaissance ETF 2.4 70 -10 3.4 +1.8
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF 2.3 40 20 7.1 +5.5
BJK VanEck Gaming ETF 2.3 65 -5 4.5 +2.9
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 2.3 55 5 3.2 +1.6
FMED Fidelity Disruptive Medicine ETF 2.3 50 10 -1.2 -2.8
RITA ETFB Green SRI REITs ETF 2.2 50 10 5.5 +3.9
SIXG Defiance Connective Technologies ETF 2.2 30 30 2.8 +1.2
XLP Consumer Staples Select Sector SPDR 2.2 8 52 5.7 +4.1
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 2.1 95 -35 -0.5 -2.1
FFF Founders 100 ETF 2.1 75 -15 2.4 +0.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 2.1 49 11 4.5 +2.9
SMH VanEck Semiconductor ETF 2.0 35 25 1.9 +0.3
WISE Themes Generative Artificial Intelligence ETF 2.0 35 25 -0.4 -2.0
CIBR First Trust NASDAQ Cybersecurity ETF 2.0 60 0 3.5 +1.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 21 1.1 -0.5
VXF Vanguard Extended Market ETF 2.0 5 55 3.7 +2.1
MFIG Motley Fool Innovative Growth Factor ETF 2.0 50 10 2.7 +1.1
AIPO Defiance AI & Power Infrastructure ETF 1.9 69 -9 0.7 -0.9
SMLF iShares U.S. SmallCap Equity Factor ETF 1.9 15 45 4.9 +3.3
HYP Golden Eagle Dynamic Hypergrowth ETF 1.9 85 -25 -0.8 -2.4
HELX Franklin Genomic Advancements ETF 1.9 50 10 -1.4 -3.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.9 68 -8 2.5 +0.9
WDNA WisdomTree BioRevolution Fund 1.9 45 15 -2.2 -3.8
SDOG ALPS Sector Dividend Dogs ETF 1.9 36 24 8.2 +6.6
REZ iShares Residential and Multisector Real Estate ETF 1.9 48 12 6.0 +4.4
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 1 3.3 +1.7
GRNJ Fundstrat Granny Shots US Small & Mid Cap ETF 1.8 75 -15 1.8 +0.2
BLOK Amplify Transformational Data Sharing ETF 1.8 75 -15 -0.1 -1.7
ISHP First Trust Nasdaq Retail ETF 1.8 60 0 5.5 +3.9
XSW State Street SPDR S&P Software & Services ETF 1.8 35 25 2.8 +1.2
IHF iShares U.S. Healthcare Providers ETF 1.8 40 20 7.1 +5.5
QDIV Global X S&P 500 Quality Dividend ETF 1.8 20 40 7.9 +6.3
ABLG Abacus FCF International Leaders ETF 1.8 59 1 6.4 +4.8
NUMV Nuveen ESG Mid-Cap Value ETF 1.7 31 29 5.5 +3.9
PSC Principal U.S. Small-Cap ETF 1.7 38 22 3.7 +2.1
WCLD WisdomTree Cloud Computing Fund 1.7 45 15 1.4 -0.2
FDG American Century Focused Dynamic Growth ETF 1.7 45 15 1.7 +0.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.7 61 -1 -0.7 -2.3
JSML Janus Henderson Small Cap Growth Alpha ETF 1.7 30 30 2.6 +1.0
IQM Franklin Intelligent Machines ETF 1.6 50 10 1.1 -0.5
IYK iShares U.S. Consumer Staples ETF 1.6 40 20 6.0 +4.4
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 1.6 40 20 1.7 +0.1
SDY State Street SPDR S&P Dividend ETF 1.6 35 25 6.1 +4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.6 86 -26 13.4 +11.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.6 61 -1 7.9 +6.3
HUMN Roundhill Humanoid Robotics ETF 1.6 75 -15 1.1 -0.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.6 10 50 3.7 +2.1
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.5 15 45 3.7 +2.1
IJT iShares S&P Small-Cap 600 Growth ETF 1.5 18 42 3.7 +2.1
AQEC AQE Core ETF 1.5 49 11 5.3 +3.7
XHE State Street SPDR S&P Health Care Equipment ETF 1.5 35 25 3.9 +2.3
RSHO Tema American Reshoring ETF 1.5 75 -15 3.4 +1.8
VB Vanguard Small-Cap ETF 1.5 5 55 5.2 +3.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 11.1 +9.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.4 9 51 5.2 +3.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.4 35 25 3.4 +1.8
FNX First Trust Mid Cap Core AlphaDEX Fund 1.4 60 0 6.2 +4.6
SOXQ Invesco PHLX Semiconductor ETF 1.4 19 41 1.9 +0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.4 64 -4 1.3 -0.4
BGRO iShares Large Cap Growth Active ETF 1.4 55 5 1.9 +0.3
XAR State Street SPDR S&P Aerospace & Defense ETF 1.3 35 25 1.7 +0.1
CGXU Capital Group International Focus Equity ETF 1.3 54 6 3.8 +2.2
BAI iShares AI Innovation and Tech Active ETF 1.3 55 5 0.9 -0.7
FXG First Trust Consumer Staples AlphaDEX Fund 1.3 63 -3 8.4 +6.8
GVLU Gotham 1000 Value ETF 1.3 50 10 8.3 +6.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.3 30 30 3.7 +2.1
SMMD iShares Russell 2500 ETF 1.2 15 45 5.5 +3.9
ROSC Hartford Multifactor Small Cap ETF 1.2 34 26 7.2 +5.6
IMCG iShares Morningstar Mid-Cap Growth ETF 1.2 6 54 3.3 +1.7
WLDR Affinity World Leaders Equity ETF 1.2 67 -7 5.8 +4.2
VALQ American Century U.S. Quality Value ETF 1.2 29 31 7.0 +5.4
SFYF SoFi Social 50 ETF 1.2 29 31 0.8 -0.8
IWR iShares Russell Midcap ETF 1.2 19 41 5.4 +3.8
VDC Vanguard Consumer Staples ETF 1.2 9 51 5.5 +3.9
FBCG Fidelity Blue Chip Growth ETF 1.2 59 1 2.1 +0.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.2 65 -5 1.4 -0.2
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 1.2 7 53 10.0 +8.4
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 1.2 8 52 5.5 +3.9
FDN First Trust Dow Jones Internet Index Fund 1.2 52 8 2.7 +1.1
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.2 65 -5 3.8 +2.2
PTL Inspire 500 ETF 1.2 9 51 4.4 +2.8
FDND FT Vest Dow Jones Internet & Target Income ETF 1.1 75 -15 2.6 +1.0
IWO iShares Russell 2000 Growth ETF 1.1 24 36 0.5 -1.1
VOT Vanguard Mid-Cap Growth ETF 1.1 7 53 3.1 +1.5
EUSA iShares MSCI USA Equal Weighted ETF 1.1 9 51 5.5 +3.9
HGRO Hedgeye Quality Growth ETF 1.1 70 -10 3.3 +1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -1 1.5 -0.1
ISCG iShares Morningstar Small-Cap Growth ETF 1.1 6 54 2.7 +1.1
VOX Vanguard Communication Services ETF 1.1 9 51 4.5 +2.9
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -16 3.3 +1.7
FTC First Trust Large Cap Growth AlphaDEX Fund 1.1 59 1 1.8 +0.2
STXM Strive Mid-Cap ETF 1.1 18 42 5.8 +4.2
FTXL First Trust Nasdaq Semiconductor ETF 1.1 60 0 1.9 +0.3
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 21 7.8 +6.2
FXL First Trust Technology AlphaDEX Fund 1.0 61 -1 4.9 +3.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.0 25 35 7.7 +6.1
BBH VanEck Biotech ETF 1.0 35 25 5.4 +3.8
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 8.0 +6.4
AFMC First Trust Active Factor Mid Cap ETF 1.0 65 -5 7.0 +5.4
FCOM Fidelity MSCI Communication Services Index ETF 1.0 8 52 4.5 +2.9
IMCB iShares Morningstar Mid-Cap ETF 1.0 4 56 5.2 +3.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 40 4.0 +2.4
VO Vanguard Mid-Cap ETF 1.0 4 56 21.0 +19.4
IETC iShares U.S. Tech Independence Focused ETF 0.9 18 42 3.0 +1.4
ICAP InfraCap Equity Income Fund ETF 0.9 171 -111 4.5 +2.9
SIZE iShares MSCI USA Size Factor ETF 0.9 15 45 5.4 +3.8
VTWG Vanguard Russell 2000 Growth ETF 0.9 10 50 0.6 -1.0
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.9 30 30 7.6 +6.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.9 9 51 3.7 +2.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.9 12 48 3.3 +1.7
FITE State Street SPDR S&P Kensho Future Security ETF 0.9 45 15 1.0 -0.6
KXI iShares Global Consumer Staples ETF 0.9 41 19 5.3 +3.7
GXPS Global X PureCap MSCI Consumer Staples ETF 0.9 25 35 4.8 +3.2
XDAT Franklin Exponential Data ETF 0.9 50 10 1.1 -0.5
RSSL Global X Russell 2000 ETF 0.9 8 52 2.7 +1.1
WGMI Valkyrie Bitcoin Miners ETF 0.9 75 -15 -2.5 -4.1
IWM iShares Russell 2000 ETF 0.9 19 41 2.6 +1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.9 4 56 5.6 +4.0
RWR State Street SPDR Dow Jones REIT ETF 0.8 25 35 6.6 +5.0
RNMC First Trust Mid Cap US Equity Select ETF 0.8 60 0 6.6 +5.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 57 6.4 +4.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 7 53 6.2 +4.6
FLDZ RiverNorth Patriot ETF 0.8 75 -15 5.6 +4.0
BYRE Principal Real Estate Active Opportunities ETF 0.8 65 -5 6.9 +5.3
IJR iShares Core S&P Small Cap ETF 0.8 6 54 6.3 +4.7
VOE Vanguard Mid-Cap Value ETF 0.8 7 53 6.8 +5.2
CHGX AXS Change Finance ESG ETF 0.8 49 11 4.2 +2.6
JPSV JPMorgan Active Small Cap Value ETF 0.8 74 -14 7.5 +5.9
MISL First Trust Indxx Aerospace & Defense ETF 0.8 60 0 1.7 +0.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.8 60 0 5.9 +4.3
AVMV Avantis U.S. Mid Cap Value ETF 0.8 20 40 7.2 +5.6
FDHT Fidelity Digital Health ETF 0.8 39 21 1.7 +0.1
LFSC F/m Emerald Life Sciences Innovation ETF 0.8 79 -19 0.0 -1.6
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 11 6.3 +4.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 56 5.2 +3.6
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 8 6.6 +5.0
AOTG AOT Growth and Innovation ETF 0.8 75 -15 1.2 -0.4
SHLD Global X Defense Tech ETF 0.8 50 10 3.1 +1.5
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.8 45 15 -1.4 -3.0
JHMM John Hancock Multifactor Mid Cap ETF 0.8 42 18 5.4 +3.8
FSCS First Trust SMID Capital Strength ETF 0.8 60 0 7.1 +5.5
VTWO Vanguard Russell 2000 ETF 0.8 7 53 2.8 +1.2
FBOT Fidelity Disruptive Automation ETF 0.8 50 10 2.9 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.8 7 53 5.3 +3.7
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 1 3.4 +1.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.7 38 22 3.9 +2.3
USRT iShares Core U.S. REIT ETF 0.7 8 52 6.9 +5.3
DFAR Dimensional US Real Estate ETF 0.7 19 41 7.1 +5.5
BFOR ALPS Barron's 400 ETF 0.7 65 -5 5.0 +3.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.7 43 17 4.9 +3.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.7 69 -9 1.8 +0.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 20 3.0 +1.4
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 15 4.4 +2.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.7 18 42 6.0 +4.4
VUSE Vident U.S. Equity Strategy ETF 0.7 50 10 3.7 +2.1
FXH First Trust Health Care AlphaDEX Fund 0.7 62 -2 4.7 +3.1
FSMD Fidelity Small-Mid Multifactor ETF 0.7 15 45 6.5 +4.9
SXQG ETC 6 Meridian Quality Growth ETF 0.7 100 -40 2.9 +1.3
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.7 15 45 3.0 +1.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.7 45 15 1.8 +0.2
BMED Future Health ETF 0.7 85 -25 1.3 -0.4
FRI First Trust S&P REIT Index Fund 0.7 50 10 6.4 +4.8
AFSM First Trust Active Factor Small Cap ETF 0.7 75 -15 5.8 +4.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.7 20 40 0.8 -0.8
AVRE Avantis Real Estate ETF 0.7 17 43 6.8 +5.2
JHSC John Hancock Multifactor Small Cap ETF 0.7 42 18 6.0 +4.4
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 47 1.7 +0.1
IGV iShares Expanded Tech-Software Sector ETF 0.6 41 19 3.2 +1.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 0 6.6 +5.0
TPHE Timothy Plan High Dividend Stock Enhanced ETF 0.6 54 6 5.9 +4.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.6 29 31 6.4 +4.8
IWS iShares Russell Mid-Cap Value ETF 0.6 23 37 6.0 +4.4
SFY SoFi Select 500 ETF 0.6 0 60 3.7 +2.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 0 3.4 +1.8
ISCB iShares Morningstar Small-Cap ETF 0.6 4 56 5.4 +3.8
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 34 5.1 +3.5
QGRO American Century U.S. Quality Growth ETF 0.6 29 31 3.9 +2.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 40 4.0 +2.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 13 5.0 +3.4
IGPT Invesco AI and Next Gen Software ETF 0.6 60 0 2.4 +0.8
ABOT Abacus FCF Innovation Leaders ETF 0.6 69 -9 3.7 +2.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.6 6 54 7.0 +5.4
FREL Fidelity MSCI Real Estate Index ETF 0.6 8 52 6.9 +5.3
FESM Fidelity Enhanced Small Cap ETF 0.6 28 32 2.3 +0.7
VNQ Vanguard Real Estate ETF 0.5 13 47 6.7 +5.1
IGM iShares Expanded Tech Sector ETF 0.5 41 19 2.6 +1.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 43 4.9 +3.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 25 6.1 +4.5
VBR Vanguard Small Cap Value ETF 0.5 7 53 7.9 +6.3
IWN iShares Russell 2000 Value ETF 0.5 24 36 4.8 +3.2
KNCT Invesco Next Gen Connectivity ETF 0.5 40 20 2.9 +1.3
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 10 6.3 +4.7
VTWV Vanguard Russell 2000 Value ETF 0.5 10 50 5.0 +3.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.5 20 40 5.8 +4.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 39 2.9 +1.3
TAX Cambria Tax Aware ETF 0.5 49 11 4.1 +2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 36 7.1 +5.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.5 75 -15 1.7 +0.1
MNZL Manzil Russell Halal USA Broad MarketETF 0.5 40 20 3.7 +2.1
REET iShares Global REIT ETF 0.5 14 46 7.0 +5.4
IBB iShares Biotechnology ETF 0.5 45 15 -0.5 -2.1
DFGR Dimensional Global Real Estate ETF 0.5 22 38 7.0 +5.4
PAVE Global X U.S. Infrastructure Development ETF 0.5 47 13 4.1 +2.5
WCEO Hypatia Women CEO ETF 0.5 85 -25 4.7 +3.1
PPTY US Diversified Real Estate ETF 0.5 53 7 7.4 +5.8
WSML iShares MSCI World Small-Cap ETF 0.5 15 45 5.3 +3.7
VGT Vanguard Information Technology ETF 0.5 9 51 24.4 +22.8
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 40 5.5 +3.9
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 -8 2.7 +1.1
LRGF iShares U.S. Equity Factor ETF 0.4 8 52 4.6 +3.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.4 75 -15 2.9 +1.3
BCOR Grayscale Bitcoin Adopters ETF 0.4 59 1 2.0 +0.4
NIXT Research Affiliates Deletions ETF 0.4 9 51 6.6 +5.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 40 6.1 +4.5
SSPY Syntax Stratified LargeCap ETF 0.4 30 30 6.0 +4.4
LRGC AB US Large Cap Strategic Equities ETF 0.4 48 12 3.8 +2.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.4 11 49 7.0 +5.4
IYW iShares U.S. Technology ETF 0.4 40 20 2.9 +1.3
VHT Vanguard Health Care ETF 0.4 9 51 5.2 +3.6
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.4 38 22 9.1 +7.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -12 2.2 +0.6
VICE AdvisorShares Vice ETF 0.4 99 -39 5.8 +4.2
DSMC Distillate Small/Mid Cash Flow ETF 0.4 55 5 10.9 +9.3
AUSF Global X Adaptive U.S. Factor ETF 0.4 27 33 8.1 +6.5
SMOX Horizon Small/Mid Cap Core Equity ETF 0.4 75 -15 5.3 +3.7
FVD First Trust Value Line Dividend Index Fund 0.4 65 -5 5.8 +4.2
INRO iShares U.S. Industry Rotation Active ETF 0.4 42 18 3.5 +1.9
STXK Strive Small-Cap ETF 0.4 18 42 5.2 +3.6
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -10 2.2 +0.6
ITA iShares U.S. Aerospace & Defense ETF 0.4 40 20 1.5 -0.1
USMF WisdomTree U.S. Multifactor Fund 0.4 28 32 6.5 +4.9
UFO Procure Space ETF 0.4 75 -15 -0.1 -1.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.4 35 25 4.3 +2.7
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 7.3 +5.7
DFAS Dimensional U.S. Small Cap ETF 0.4 26 34 5.6 +4.0
IYC iShares U.S. Consumer Discretionary ETF 0.4 40 20 3.6 +2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 42 6.9 +5.3
SPHQ Invesco S&P 500 Quality ETF 0.3 15 45 4.5 +2.9
FTXR First Trust Nasdaq Transportation ETF 0.3 60 0 6.6 +5.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.2 +2.6
ERET iShares Environmentally Aware Real Estate ETF 0.3 30 30 6.9 +5.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.3 35 25 6.6 +5.0
FDFF Fidelity Disruptive Finance ETF 0.3 50 10 5.6 +4.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 48 3.4 +1.8
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -29 4.3 +2.7
IHAK iShares Cybersecurity & Tech ETF 0.3 47 13 3.5 +1.9
NATO Themes Transatlantic Defense ETF 0.3 35 25 1.9 +0.3
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.4 +1.8
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.3 59 1 4.3 +2.7
IWF iShares Russell 1000 Growth ETF 0.3 19 41 14.2 +12.6
VONG Vanguard Russell 1000 Growth ETF 0.3 7 53 3.5 +1.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 25 5.7 +4.1
VTI Vanguard Total Stock Market ETF 0.3 3 57 4.1 +2.5
IYH iShares U.S. Healthcare ETF 0.3 40 20 5.8 +4.2
OPTZ Optimize Strategy Index ETF 0.3 50 10 3.4 +1.8
DFLV Dimensional US Large Cap Value ETF 0.3 22 38 6.1 +4.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.3 61 -1 6.0 +4.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 10 50 4.1 +2.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 43 4.0 +2.4
CRTC Xtrackers US National Critical Technologies ETF 0.3 35 25 4.2 +2.6
NUSC Nuveen ESG Small-Cap ETF 0.3 31 29 4.9 +3.3
GXPT Global X PureCap MSCI Information Technology ETF 0.3 25 35 3.2 +1.6
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 52 3.0 +1.4
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.3 15 45 4.1 +2.5
GXLC Global X U.S. 500 ETF 0.3 2 58 4.1 +2.5
VEGN US Vegan Climate ETF 0.3 60 0 3.3 +1.7
STXG Strive 1000 Growth ETF 0.3 18 42 3.2 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 0.3 12 48 4.9 +3.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 48 5.9 +4.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.3 12 48 6.2 +4.6
IWV iShares Russell 3000 ETF 0.3 20 40 4.0 +2.4
STRV Strive 500 ETF 0.3 5 55 4.1 +2.5
FHLC Fidelity MSCI Health Care Index ETF 0.3 8 52 5.4 +3.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 4.1 +2.5
ILCG iShares Morningstar Growth ETF 0.3 4 56 3.0 +1.4
VTHR Vanguard Russell 3000 ETF 0.3 7 53 4.1 +2.5
AIEQ AI Powered Equity ETF 0.3 75 -15 3.6 +2.0
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 2 5.0 +3.4
AVUQ Avantis U.S. Quality ETF 0.3 15 45 3.6 +2.0
MDY SPDR S&P Midcap 400 ETF Trust 0.3 23 37 5.9 +4.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 51 4.2 +2.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 49 4.1 +2.5
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 57 6.1 +4.5
IJH iShares Core S&P Mid-Cap ETF 0.2 5 55 6.1 +4.5
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 53 6.0 +4.4
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.1 +2.5
IWB iShares Russell 1000 ETF 0.2 15 45 4.1 +2.5
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.2 +2.6
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 20 3.7 +2.1
DFAU Dimensional US Core Equity Market ETF 0.2 12 48 4.3 +2.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 51 4.3 +2.7
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.6 +4.0
WSGE Warren Street Global Equity ETF 0.2 80 -20 2.9 +1.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 42 3.9 +2.3
IYF iShares U.S. Financials ETF 0.2 40 20 5.8 +4.2
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.1 +2.5
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 1 4.9 +3.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 24 4.1 +2.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 4.1 +2.5
PGJ Invesco Golden Dragon China ETF 0.2 70 -10 15.2 +13.6
DFUV Dimensional US Marketwide Value ETF 0.2 22 38 6.1 +4.5
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 4.5 +2.9
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.1 +2.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 11 7.3 +5.7
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 37 5.4 +3.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 36 5.9 +4.3
PRXG Praxis Impact Large Cap Growth ETF 0.2 36 24 3.1 +1.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 43 4.7 +3.1
DFUS Dimensional U.S. Equity ETF 0.2 9 51 4.1 +2.5
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.2 15 45 7.9 +6.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 25 5.3 +3.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 20 5.3 +3.7
GXPC Global X PureCap MSCI Communication Services ETF 0.2 25 35 3.8 +2.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 42 7.9 +6.3
GINN Goldman Sachs Innovate Equity ETF 0.2 52 8 3.7 +2.1
ROUS Hartford Multifactor US Equity ETF 0.2 19 41 5.3 +3.7
MODL VictoryShares WestEnd U.S. Sector ETF 0.2 42 18 4.0 +2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 4.1 +2.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 48 5.4 +3.8
STXV Strive 1000 Value ETF 0.2 18 42 6.8 +5.2
IWD iShares Russell 1000 Value ETF 0.2 19 41 5.4 +3.8
VONV Vanguard Russell 1000 Value ETF 0.2 7 53 5.5 +3.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 50 8.0 +6.4
XOEF iShares S&P 500 ex S&P 100 ETF 0.2 20 40 4.6 +3.0
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 35 4.7 +3.1
ENHU iShares Enhanced Large Cap Core Active ETF 0.2 22 38 4.1 +2.5
VUG Vanguard Growth ETF 0.2 4 56 20.1 +18.5
DCOR Dimensional US Core Equity 1 ETF 0.2 14 46 4.6 +3.0
APIE ActivePassive International Equity ETF 0.2 45 15 6.4 +4.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.1 +2.5
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 52 3.6 +2.0
VT Vanguard Total World Stock ETF 0.2 6 54 5.0 +3.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 35 4.9 +3.3
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 8 4.9 +3.3
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 55 7.2 +5.6
HWAY Themes US Infrastructure ETF 0.2 29 31 4.6 +3.0
USEW Cambria US EW ETF 0.2 30 30 4.1 +2.5
VOTE TCW Transform 500 ETF 0.2 5 55 4.1 +2.5
VTV Vanguard Value ETF 0.2 4 56 5.8 +4.2
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 22 8.1 +6.5
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 40 5.9 +4.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 57 5.8 +4.2
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 45 5.3 +3.7
VV Vanguard Large-Cap ETF 0.2 4 56 4.1 +2.5
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 31 6.1 +4.5
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 35 8.0 +6.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 21 3.5 +1.9
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 40 6.0 +4.4
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 42 4.6 +3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 40 4.7 +3.1
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.3 +2.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 28 3.9 +2.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.1 80 -20 6.9 +5.3
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.1 15 45 9.0 +7.4
IJS iShares S&P Small-Cap 600 Value ETF 0.1 18 42 8.9 +7.3
URTH iShares MSCI World ETF 0.1 24 36 4.3 +2.7
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 42 5.6 +4.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.1 10 50 9.0 +7.4
DFSV Dimensional US Small Cap Value ETF 0.1 31 29 8.8 +7.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 54 6.0 +4.4
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.1 12 48 3.4 +1.8
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 45 4.9 +3.3
ILCV iShares Morningstar Value ETF 0.1 4 56 5.3 +3.7
APUE ActivePassive U.S. Equity ETF 0.1 45 15 3.9 +2.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 21 2.3 +0.7
GSPY Gotham Enhanced 500 ETF 0.1 50 10 4.4 +2.8
FDMO Fidelity Momentum Factor ETF 0.1 15 45 2.5 +0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 51 4.4 +2.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 45 4.2 +2.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 43 6.4 +4.8
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.6 +3.0
EQL Alps Equal Sector Weight ETF 0.1 25 35 5.1 +3.5
IUSV iShares Core S&P US Value ETF 0.1 4 56 5.8 +4.2
MTUM iShares MSCI USA Momentum Factor ETF 0.1 15 45 2.3 +0.7
IFRA iShares U.S. Infrastructure ETF 0.1 30 30 5.5 +3.9
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.1 4 56 5.7 +4.1
IVE iShares S&P 500 Value ETF 0.1 18 42 5.5 +3.9
BCDF Horizon Kinetics Blockchain Development ETF 0.1 85 -25 3.9 +2.3
VOOV Vanguard S&P 500 Value ETF 0.1 7 53 5.6 +4.0
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 48 3.6 +2.0
QQQ Invesco QQQ Trust Series I 0.1 20 40 3.2 +1.6
QQQM Invesco NASDAQ 100 ETF 0.1 15 45 3.2 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 22 8.2 +6.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 27 6.7 +5.1
DXUV Dimensional US Vector Equity ETF 0.1 28 32 5.2 +3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 4.9 +3.3
DFVX Dimensional US Large Cap Vector ETF 0.1 22 38 5.3 +3.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 54 7.8 +6.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.0 +2.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 50 4.2 +2.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 4.7 +3.1
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 50 4.2 +2.6
VIS Vanguard Industrials ETF 0.1 9 51 3.6 +2.0
RVRB Reverb ETF 0.1 30 30 3.8 +2.2
HLAL Wahed FTSE USA Shariah ETF 0.1 50 10 3.6 +2.0
GLOF iShares Global Equity Factor ETF 0.1 20 40 5.6 +4.0
ADME Aptus Drawdown Managed Equity ETF 0.1 79 -19 3.3 +1.7
AVUS Avantis U.S. Equity ETF 0.1 15 45 4.7 +3.1
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 11 4.8 +3.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 45 5.0 +3.4
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 42 3.3 +1.7
FLCH Franklin FTSE China ETF 0.1 19 41 18.0 +16.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 15 3.5 +1.9
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 45 4.1 +2.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.4 +2.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 51 4.9 +3.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.4 +2.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.1 3 57 4.3 +2.7
KLMN Invesco MSCI North America Climate ETF 0.1 9 51 4.3 +2.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 32 8.6 +7.0
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 5.7 +4.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 40 4.2 +2.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 35 5.5 +3.9
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 42 4.4 +2.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 49 4.3 +2.7
IUS Invesco RAFI Strategic US ETF 0.1 19 41 5.6 +4.0
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.0 +2.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 51 4.0 +2.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 51 3.9 +2.3
MCDS JPMorgan Fundamental Data Science Mid Core ETF 0.1 35 25 4.9 +3.3
TOPC iShares S&P 500 3% Capped ETF 0.1 15 45 4.4 +2.8
VFMF Vanguard U.S. Multifactor ETF 0.1 18 42 6.6 +5.0
GXC SPDR S & P China ETF 0.1 59 1 18.6 +17.0
EBI Longview Advantage ETF 0.1 35 25 5.9 +4.3
RAUS RACWI US ETF 0.1 15 45 4.1 +2.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 50 5.0 +3.4
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.0 +2.4
PBUS Invesco MSCI USA ETF 0.1 4 56 4.2 +2.6
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.1 48 12 5.6 +4.0
SPY SPDR S&P 500 ETF 0.1 9 51 4.1 +2.5
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.2 +2.6
VOO Vanguard S&P 500 ETF 0.1 3 57 4.2 +2.6
IVV iShares Core S&P 500 ETF 0.1 3 57 4.2 +2.6
MADE iShares U.S. Manufacturing ETF 0.1 40 20 3.4 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.0 +3.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.1 15 45 5.1 +3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.4 +2.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 26 5.6 +4.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 31 5.6 +4.0
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 45 5.7 +4.1
IYJ iShares U.S. Industrials ETF 0.0 40 20 4.0 +2.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.0 10 50 3.6 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 30 3.8 +2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 45 8.8 +7.2
REVS Columbia Research Enhanced Value ETF 0.0 19 41 6.6 +5.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 15 6.8 +5.2
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 53 9.2 +7.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 21 6.8 +5.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 49 7.9 +6.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 24 7.6 +6.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 5.2 +3.6
SFGV Sequoia Global Value ETF 0.0 23 37 7.1 +5.5
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 40 7.3 +5.7
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 56 3.1 +1.5
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 53 9.5 +7.9
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 42 5.6 +4.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 32 5.7 +4.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 41 7.1 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 1 8.6 +7.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 42 6.4 +4.8
RECS Columbia Research Enhanced Core ETF 0.0 15 45 5.3 +3.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 56 6.7 +5.1
VXUS Vanguard Total International Stock ETF 0.0 5 55 6.7 +5.1
GEW Cambria Global EW ETF 0.0 29 31 5.4 +3.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 46 4.1 +2.5
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -30 3.1 +1.5

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:		 Renaissance IPO ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 6.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 1.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 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.