Invesco KBW Regional Banking ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.1x P/Sales
ratio		 3.9x
P/BV
ratio		 1.3x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco KBW Regional Banking Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Regional Banking Index (the "Underlying Index"). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index.

FUND BASICS
Category US Equities
Fund Sponsor Tax Exempt Securities Trust In
Website www.invesco.com
Inception date Nov 01, 2011
Assets (mns) $61
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 48
Wgt avg mkt cap (mns) $4,892
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 89.2%
Small cap (<$2bn) 10.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SOUTHSTATE BANK CORP 4.0 %
WEBSTER FINANCIAL CORP 3.9 %
UMB FINANCIAL CORP 3.7 %
WINTRUST FINANCIAL CORP 3.6 %
OLD NATL BANCORP/IN 3.5 %
EASTERN BANKSHARES, INC. 2.1 %
BOK FINANCIAL CORPORATION 2.1 %
VALLEY NATIONAL BANCORP 2.1 %
AMERIS BANCORP 2.1 %
BANCORPSOUTH BANK 2.1 %
Total 29.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
PUERTO RICO 4.0 %









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.
8.9% 22.4% 3.7% 7.4% 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 23%
MSCI EAFE 0.61 13%
MSCI Emg. Mkts. 0.37 8%

Technical Indicators
Recent close $71.27
30d moving avg. $70.64
Annualized volatility 30.0%
Short interest (ETF) 1.5%
Short interest (Underlying) 2.6%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.58%
ADV underlying (mns) $899

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 282 potential alternatives to the Invesco KBW Regional Banking ETF ETF based on the alternatives' overlap in portfolio holdings with KBWR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KBWR Expense: 35 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KBWR
Ticker Fund
Name		 Overlap1
vs KBWR
(%)		 Expense
ratio
(bp)		 Savings
vs KBWR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KBWR
(%)
KBE State Street SPDR S&P Bank ETF 43.9 35 0 8.7 +0.5
QABA First Trust NASDAQ ABA Community Bank Index Fund 36.5 60 -25 7.9 -0.3
FTXO First Trust Nasdaq Bank ETF 21.1 60 -25 7.6 -0.6
XMVM Invesco S&P MidCap Value with Momentum ETF 20.5 39 -4 7.5 -0.7
IAT iShares U.S. Regional Banks ETF 18.6 40 -5 8.2 +0.0
PSCF Invesco S&P SmallCap Financials ETF 17.5 29 6 8.5 +0.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 15.2 35 0 9.0 +0.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.9 36 -1 8.3 +0.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 12.2 40 -5 6.9 -1.3
GRPM Invesco S&P MidCap 400 GARP ETF 12.0 35 0 6.8 -1.4
DFSV Dimensional US Small Cap Value ETF 11.6 31 4 8.8 +0.7
FXO First Trust Financials AlphaDEX Fund 11.0 62 -27 8.3 +0.1
JPSV JPMorgan Active Small Cap Value ETF 9.9 74 -39 7.5 -0.7
TPSC Timothy Plan US Small Cap Core ETF 9.8 52 -17 6.6 -1.5
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 9.5 38 -3 9.1 +0.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 9.4 35 0 6.6 -1.6
PEY Invesco High Yield Equity Dividend Achievers ETF 9.1 52 -17 8.8 +0.7
SMDV ProShares Russell 2000 Dividend Growers ETF 9.0 40 -5 6.9 -1.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.5 60 -25 5.9 -2.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 8.4 25 10 7.7 -0.4
DES WisdomTree U.S. SmallCap Dividend Fund 8.3 38 -3 8.1 -0.1
DFAT Dimensional U.S. Targeted Value ETF 8.3 28 7 8.6 +0.5
SMCF Themes US Small Cap Cash Flow Champions ETF 8.2 29 6 9.9 +1.7
IWN iShares Russell 2000 Value ETF 7.8 24 11 4.8 -3.4
VTWV Vanguard Russell 2000 Value ETF 7.8 10 25 5.0 -3.2
SLYV State Street SPDR S&P 600 Small Cap Value ETF 7.6 15 20 9.0 +0.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 7.4 10 25 9.0 +0.8
IJS iShares S&P Small-Cap 600 Value ETF 7.4 18 17 8.9 +0.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 7.1 39 -4 3.5 -4.6
FNK First Trust Mid Cap Value AlphaDEX Fund 7.0 70 -35 9.7 +1.6
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 6.9 15 20 7.9 -0.2
IJJ iShares S&P Mid-Cap 400 Value ETF 6.9 18 17 7.9 -0.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.8 10 25 8.0 -0.2
AIRR First Trust RBA American Industrial Renaissance ETF 6.6 70 -35 3.4 -4.8
JHSC John Hancock Multifactor Small Cap ETF 6.3 42 -7 6.0 -2.2
DON WisdomTree U.S. MidCap Dividend Fund 6.2 38 -3 8.2 -0.0
ISCV iShares Morningstar Small Cap Value ETF 6.0 6 29 7.8 -0.4
STXK Strive Small-Cap ETF 6.0 18 17 5.2 -3.0
FTDS First Trust Dividend Strength ETF 6.0 70 -35 7.2 -1.0
BKSE BNY Mellon US Small Cap Core Equity ETF 5.8 4 31 5.2 -2.9
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 5.7 60 -25 6.6 -1.6
AVUV Avantis U.S. Small Cap Value ETF 5.7 25 10 8.0 -0.2
FYT First Trust Small Cap Value AlphaDEX Fund 5.6 73 -38 9.9 +1.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.5 47 -12 7.7 -0.5
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 5.2 55 -20 8.8 +0.7
XJR iShares ESG Screened S&P Small-Cap ETF 5.2 12 23 6.2 -2.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 5.0 15 20 6.2 -2.0
VFVA Vanguard U.S. Value Factor ETF 5.0 13 22 9.4 +1.2
FNDA Schwab Fundamental US Small Co. Index ETF 5.0 25 10 6.1 -2.1
ARB AltShares Merger Arbitrage ETF 5.0 77 -42 2.6 -5.6
VBR Vanguard Small Cap Value ETF 4.9 7 28 7.9 -0.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 4.8 15 20 6.1 -2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 4.8 9 26 3.7 -4.4
AVSC Avantis U.S Small Cap Equity ETF 4.7 25 10 4.7 -3.5
DVLU First Trust Dorsey Wright Momentum & Value ETF 4.7 60 -25 6.2 -2.0
DFAS Dimensional U.S. Small Cap ETF 4.6 26 9 5.6 -2.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 4.6 3 32 6.4 -1.8
EZM WisdomTree U.S. MidCap Fund 4.6 38 -3 8.0 -0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 4.6 60 -25 6.2 -2.0
VIOO Vanguard S&P Small-Cap 600 ETF 4.6 7 28 6.2 -2.0
FESM Fidelity Enhanced Small Cap ETF 4.6 28 7 2.3 -5.9
IJR iShares Core S&P Small Cap ETF 4.5 6 29 6.3 -1.9
HAPS Harbor Human Capital Factor US Small Cap ETF 4.5 60 -25 3.4 -4.8
EES WisdomTree U.S. SmallCap Fund 4.5 38 -3 7.9 -0.3
RSSL Global X Russell 2000 ETF 4.2 8 27 2.7 -5.5
IWM iShares Russell 2000 ETF 4.2 19 16 2.6 -5.6
PSC Principal U.S. Small-Cap ETF 4.1 38 -3 3.7 -4.5
SCHA Schwab U.S. Small-Cap ETF 4.1 4 31 4.4 -3.8
RFV Invesco S&P Midcap 400 Pure Value ETF 4.0 35 0 11.2 +3.0
XJH iShares ESG Screened S&P Mid-Cap ETF 4.0 12 23 5.9 -2.3
ISMD Inspire Small/Mid Cap ETF 3.8 54 -19 5.0 -3.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 3.8 60 -25 4.6 -3.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 3.7 15 20 6.7 -1.5
XSLV Invesco S&P SmallCap Low Volatility ETF 3.7 25 10 7.4 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 3.7 23 12 5.9 -2.3
DHS WisdomTree U.S. High Dividend Fund 3.7 38 -3 8.1 -0.0
VTWO Vanguard Russell 2000 ETF 3.7 7 28 2.8 -5.4
FYX First Trust Small Cap Core AlphaDEX Fund 3.7 61 -26 5.4 -2.8
IJH iShares Core S&P Mid-Cap ETF 3.6 5 30 6.1 -2.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 3.5 3 32 6.1 -2.1
IVOO Vanguard S&P Mid-Cap 400 ETF 3.5 7 28 6.0 -2.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 3.5 24 11 5.9 -2.2
OSCV Opus Small Cap Value ETF 3.5 79 -44 5.9 -2.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 3.5 17 18 4.9 -3.2
ISCB iShares Morningstar Small-Cap ETF 3.5 4 31 5.4 -2.8
SMOX Horizon Small/Mid Cap Core Equity ETF 3.5 75 -40 5.3 -2.9
BFOR ALPS Barron's 400 ETF 3.3 65 -30 5.0 -3.2
TMDV ProShares Russell US Dividend Growers ETF 3.3 35 0 6.3 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.2 20 15 4.0 -4.2
FAB First Trust Multi Cap Value AlphaDEX Fund 3.2 67 -32 8.7 +0.5
VFMF Vanguard U.S. Multifactor ETF 3.2 18 17 6.6 -1.6
WBIY WBI Power Factor High Dividend ETF 3.1 100 -65 12.2 +4.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.1 29 6 6.4 -1.8
FSCS First Trust SMID Capital Strength ETF 3.1 60 -25 7.1 -1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.1 39 -4 2.3 -5.9
RNMC First Trust Mid Cap US Equity Select ETF 3.1 60 -25 6.6 -1.6
FLDZ RiverNorth Patriot ETF 3.1 75 -40 5.6 -2.5
NUSC Nuveen ESG Small-Cap ETF 3.0 31 4 4.9 -3.3
AUSF Global X Adaptive U.S. Factor ETF 3.0 27 8 8.1 -0.1
SVAL iShares US Small Cap Value Factor ETF 3.0 20 15 7.3 -0.9
FSMD Fidelity Small-Mid Multifactor ETF 2.9 15 20 6.5 -1.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 2.9 35 0 6.3 -1.8
AFMC First Trust Active Factor Mid Cap ETF 2.9 65 -30 7.0 -1.2
VB Vanguard Small-Cap ETF 2.7 5 30 5.2 -3.0
SMMD iShares Russell 2500 ETF 2.7 15 20 5.5 -2.7
FNCL Fidelity MSCI Financials Index ETF 2.7 8 27 6.2 -2.0
VFH Vanguard Financials ETF 2.7 9 26 6.2 -2.0
VXF Vanguard Extended Market ETF 2.7 5 30 3.7 -4.4
VFQY Vanguard U.S. Quality Factor ETF 2.7 13 22 5.5 -2.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.6 80 -45 6.9 -1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 2.5 7 28 5.3 -2.9
CVY Invesco Zacks Multi-Asset Income ETF 2.3 106 -71 10.0 +1.9
STXM Strive Mid-Cap ETF 2.3 18 17 5.8 -2.4
RWK Invesco S&P MidCap 400 Revenue ETF 2.3 39 -4 7.8 -0.4
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.2 12 23 3.4 -4.8
TCV Towle Value ETF 2.2 85 -50 9.3 +1.1
SDY State Street SPDR S&P Dividend ETF 2.2 35 0 6.1 -2.1
SMLF iShares U.S. SmallCap Equity Factor ETF 2.1 15 20 4.9 -3.3
XMLV Invesco S&P MidCap Low Volatility ETF 2.1 25 10 6.9 -1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.1 4 31 5.6 -2.6
WDIV SPDR S&P Global Dividend ETF 2.1 40 -5 9.1 +0.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 2.1 5 30 7.2 -0.9
WSML iShares MSCI World Small-Cap ETF 2.0 15 20 5.3 -2.8
DXUV Dimensional US Vector Equity ETF 2.0 28 7 5.2 -2.9
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -41 3.3 -4.9
ALIL Argent Focused Small Cap ETF 2.0 74 -39 5.6 -2.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.0 39 -4 7.4 -0.7
SCHM Schwab U.S. Mid-Cap ETF 2.0 4 31 5.8 -2.4
DVY iShares Select Dividend ETF 2.0 38 -3 8.1 -0.1
CSMD Congress SMid Growth ETF 2.0 69 -34 3.5 -4.7
QDEF FlexShares Quality Dividend Defensive Index Fund 2.0 37 -2 5.4 -2.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 1.8 25 10 4.9 -3.3
DEW WisdomTree Global High Dividend Fund 1.8 58 -23 7.2 -0.9
FFOX FundX Future Fund Opportunities ETF 1.8 100 -65 2.5 -5.6
FLRG Fidelity U.S. Multifactor ETF 1.6 15 20 5.8 -2.4
MBOX Freedom Day Dividend ETF 1.6 39 -4 6.7 -1.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.6 15 20 5.1 -3.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.6 10 25 3.7 -4.5
IYG iShares US Financial Services ETF 1.6 40 -5 5.3 -2.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.6 15 20 3.7 -4.5
IJT iShares S&P Small-Cap 600 Growth ETF 1.6 18 17 3.7 -4.5
FFSM Fidelity Fundamental Small-Mid Cap ETF 1.6 43 -8 4.9 -3.3
JHDV John Hancock U.S. High Dividend ETF 1.6 34 1 5.9 -2.3
FLV American Century Focused Large Cap Value ETF 1.5 42 -7 6.0 -2.2
ROSC Hartford Multifactor Small Cap ETF 1.4 34 1 7.2 -1.0
DIVY Sound Equity Dividend Income ETF 1.4 45 -10 8.1 -0.1
AVMV Avantis U.S. Mid Cap Value ETF 1.4 20 15 7.2 -0.9
SCDS JPMorgan Fundamental Data Science Small Core ETF 1.4 40 -5 3.7 -4.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 1.4 60 -25 5.1 -3.1
SCDV Bahl & Gaynor Small Cap Dividend ETF 1.4 70 -35 4.0 -4.2
AFSM First Trust Active Factor Small Cap ETF 1.4 75 -40 5.8 -2.4
MGMT Ballast Small/Mid Cap ETF 1.3 110 -75 7.5 -0.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 1.3 60 -25 4.4 -3.8
IYF iShares U.S. Financials ETF 1.3 40 -5 5.8 -2.4
ETHO Etho Climate Leadership U.S. ETF 1.3 47 -12 4.2 -3.9
JVAL JPMorgan U.S. Value Factor ETF 1.2 12 23 6.7 -1.5
KBWD Invesco KBW High Dividend Yield Financial ETF 1.2 384 -349 17.5 +9.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.2 27 8 6.5 -1.7
DFUV Dimensional US Marketwide Value ETF 1.2 22 13 6.1 -2.1
JHMM John Hancock Multifactor Mid Cap ETF 1.2 42 -7 5.4 -2.8
FQAL Fidelity Quality Factor ETF 1.1 15 20 4.8 -3.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 1.1 20 15 8.6 +0.4
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 1.1 15 20 7.7 -0.4
DFAC Dimensional U.S. Core Equity 2 ETF 1.1 17 18 4.7 -3.5
SQLV Royce Quant Small-Cap Quality Value ETF 1.0 60 -25 8.0 -0.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.0 35 0 7.2 -1.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.0 35 0 6.1 -2.1
VAMO Cambria Value & Momentum ETF 1.0 61 -26 5.3 -2.9
SYLD Cambria Shareholder Yield ETF 1.0 59 -24 10.4 +2.2
XSHQ Invesco S&P SmallCap Quality ETF 1.0 29 6 6.9 -1.3
FDL First Trust Morningstar Dividend Leaders Index Fund 1.0 45 -10 9.0 +0.8
ASCE Allspring SMID Core ETF 1.0 38 -3 2.9 -5.3
AVSU Avantis Responsible U.S. Equity ETF 1.0 15 20 4.9 -3.3
QDF FlexShares Quality Dividend Index Fund 1.0 37 -2 5.3 -2.8
AVMC Avantis U.S. Mid Cap Equity ETF 1.0 18 17 6.0 -2.2
ROE Astoria US Quality Kings ETF 0.9 49 -14 5.2 -2.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.9 39 -4 9.5 +1.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 29 2.7 -5.4
CVAR Cultivar ETF 0.9 87 -52 7.2 -1.0
IWO iShares Russell 2000 Growth ETF 0.9 24 11 0.5 -7.7
DCOR Dimensional US Core Equity 1 ETF 0.9 14 21 4.6 -3.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -21 9.8 +1.6
DTD WisdomTree U.S. Total Dividend Fund 0.9 28 7 5.7 -2.5
VYM Vanguard High Dividend Yield Index ETF 0.8 6 29 6.0 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.8 20 15 6.1 -2.1
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 -4 3.6 -4.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.8 12 23 6.2 -2.0
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.7 30 5 7.6 -0.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.7 60 -25 -0.9 -9.1
IWS iShares Russell Mid-Cap Value ETF 0.7 23 12 6.0 -2.1
AVUS Avantis U.S. Equity ETF 0.7 15 20 4.7 -3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.7 30 5 3.7 -4.5
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 25 0.6 -7.5
EBI Longview Advantage ETF 0.6 35 0 5.9 -2.3
DFSU Dimensional US Sustainability Core 1 ETF 0.6 18 17 4.6 -3.5
OPTZ Optimize Strategy Index ETF 0.6 50 -15 3.4 -4.8
IWR iShares Russell Midcap ETF 0.6 19 16 5.4 -2.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 11 7.1 -1.1
TXS Texas Capital Texas Equity Index ETF 0.6 49 -14 5.0 -3.1
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -45 14.9 +6.8
XMHQ Invesco S&P MidCap Quality ETF 0.5 25 10 5.9 -2.3
STXV Strive 1000 Value ETF 0.5 18 17 6.8 -1.4
FVAL Fidelity Value Factor ETF 0.5 15 20 5.9 -2.3
FCPI Fidelity Stocks for Inflation ETF 0.5 15 20 5.9 -2.3
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -44 4.1 -4.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 18 4.0 -4.1
DFAU Dimensional US Core Equity Market ETF 0.5 12 23 4.3 -3.9
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.5 15 20 4.1 -4.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 10 25 4.1 -4.1
PRF Invesco FTSE RAFI US 1000 ETF 0.4 34 1 5.6 -2.6
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 22 1.7 -6.5
PTL Inspire 500 ETF 0.4 9 26 4.4 -3.8
USMF WisdomTree U.S. Multifactor Fund 0.4 28 7 6.5 -1.7
SCHD Schwab US Dividend Equity ETF 0.4 6 29 8.0 -0.1
FVD First Trust Value Line Dividend Index Fund 0.4 65 -30 5.8 -2.4
TEXN iShares Texas Equity ETF 0.4 20 15 4.9 -3.2
PFM Invesco Dividend Achievers ETF 0.4 53 -18 4.6 -3.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.4 25 10 6.1 -2.0
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 0 3.3 -4.9
IUSV iShares Core S&P US Value ETF 0.4 4 31 5.8 -2.4
DGRO iShares Core Dividend Growth ETF 0.4 8 27 5.5 -2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 14 2.9 -5.3
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 26 4.1 -4.1
DEUS Xtrackers Russell US Multifactor ETF 0.3 17 18 6.4 -1.8
DFUS Dimensional U.S. Equity ETF 0.3 9 26 4.1 -4.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 17 6.9 -1.3
DIVB iShares Core Dividend ETF 0.3 5 30 6.9 -1.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.3 12 23 3.6 -4.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 15 6.0 -2.2
VTHR Vanguard Russell 3000 ETF 0.3 7 28 4.1 -4.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 32 4.2 -4.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 32 4.1 -4.1
VTI Vanguard Total Stock Market ETF 0.3 3 32 4.1 -4.1
IWV iShares Russell 3000 ETF 0.3 20 15 4.0 -4.2
VIG Vanguard Dividend Appreciation ETF 0.3 5 30 4.9 -3.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.3 3 32 4.3 -3.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -35 2.1 -6.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 23 5.4 -2.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 20 4.2 -4.0
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 22 5.7 -2.5
IWD iShares Russell 1000 Value ETF 0.2 19 16 5.4 -2.8
REVS Columbia Research Enhanced Value ETF 0.2 19 16 6.6 -1.6
VONV Vanguard Russell 1000 Value ETF 0.2 7 28 5.5 -2.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.2 95 -60 -0.5 -8.7
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 15 7.3 -0.9
VT Vanguard Total World Stock ETF 0.2 6 29 5.0 -3.2
GOP Unusual Whales Subversive Republican Trading ETF 0.2 50 -15 4.3 -3.9
SCHK Schwab 1000 Index ETF 0.2 5 30 4.2 -4.0
IYY iShares Dow Jones U.S. ETF 0.2 20 15 4.1 -4.1
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 4.9 -3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 6 5.6 -2.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -54 4.3 -3.8
DURA VanEck Durable High Dividend ETF 0.1 29 6 6.4 -1.8
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 20 5.7 -2.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 4.1 -4.1
RECS Columbia Research Enhanced Core ETF 0.1 15 20 5.3 -2.9
IWB iShares Russell 1000 ETF 0.1 15 20 4.1 -4.0
VONE Vanguard Russell 1000 ETF 0.1 7 28 4.2 -4.0
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 4.5 -3.7
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 12 5.4 -2.8
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 31 5.6 -2.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 7 4.9 -3.3
GVLU Gotham 1000 Value ETF 0.1 50 -15 8.3 +0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -29 1.3 -6.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 21 4.1 -4.0
SFGV Sequoia Global Value ETF 0.1 23 12 7.1 -1.1
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.1 -4.1
SCHX Schwab U.S. Large-Cap ETF 0.0 3 32 4.2 -3.9
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 17 5.6 -2.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.2 -2.0
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 12 2.9 -5.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 3.1 -5.1
STXD Strive 1000 Dividend Growth ETF 0.0 35 0 4.4 -3.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 15 4.2 -4.0
STXG Strive 1000 Growth ETF 0.0 18 17 3.2 -5.0
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.6 -4.6
DFLV Dimensional US Large Cap Value ETF 0.0 22 13 6.1 -2.1
VONG Vanguard Russell 1000 Growth ETF 0.0 7 28 3.5 -4.6
IWF iShares Russell 1000 Growth ETF 0.0 19 16 14.2 +6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 4.9 -3.3
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -55 3.1 -5.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 3.4 -4.8

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 Invesco KBW Regional Banking 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 10.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.