NETLease Corporate Real Estate ETF
ALTAR
Score™		 7.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 6.6x
P/BV
ratio		 1.4x Div.
yield		 6.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NETLease Corporate Real Estate ETF seeks to track the performance before fees and expenses of the Fundamental Income Net Lease Real Estate Index. NETL seeks to provide investors access to sustainable income with predictable growth through investments

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts
Website netleaseetf.com
Inception date Mar 21, 2019
Assets (mns) $46
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $10,932
Large cap (>$10bn) 27.5%
Mid cap ($2-10bn) 40.6%
Small cap (<$2bn) 31.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REALTY INCOME CORP 8.3 %
WP CAREY INC 7.9 %
AGREE REALTY CORP 7.8 %
VICI PROPERTIES INC 7.3 %
STAG INDUSTRIAL INC 7.2 %
GETTY REALTY CORP 4.3 %
GLOBAL NET LEASE INC 4.3 %
NETSTREIT CORP. 4.1 %
BROADSTONE NET LEASE, INC. 4.1 %
NATIONAL RETAIL PROPERTIES 4.0 %
Total 59.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
13.9% 12.3% 4.7% -- 5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.34 17%
MSCI EAFE 0.50 27%
MSCI Emg. Mkts. 0.32 14%

Technical Indicators
Recent close $25.01
30d moving avg. $25.73
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.6%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 380 potential alternatives to the NETLease Corporate Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with NETL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NETL Expense: 60 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NETL
Ticker Fund
Name		 Overlap1
vs NETL
(%)		 Expense
ratio
(bp)		 Savings
vs NETL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NETL
(%)
RDOG ALPS REIT Dividend Dogs ETF 28.4 35 25 13.1 +5.3
RIET Hoya Capital High Dividend Yield ETF 19.3 50 10 14.3 +6.5
IRET iREIT - MarketVector Quality REIT Index ETF 18.7 60 0 6.4 -1.5
SRET Global X SuperDividend REIT ETF 18.2 59 1 13.0 +5.2
BLDG Cambria Global Real Estate ETF 16.6 60 0 11.9 +4.1
PPTY US Diversified Real Estate ETF 14.4 53 7 8.0 +0.2
USRT iShares Core U.S. REIT ETF 14.0 8 52 7.4 -0.4
FRI First Trust S&P REIT Index Fund 13.8 50 10 6.9 -0.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.5 11 49 7.5 -0.3
DFAR Dimensional US Real Estate ETF 13.4 19 41 7.6 -0.2
SCHH Schwab U.S. REIT ETF 12.6 7 53 7.6 -0.2
REAI Intelligent Real Estate ETF 11.5 59 1 5.9 -1.9
RWR State Street SPDR Dow Jones REIT ETF 11.1 25 35 7.1 -0.7
IYR iShares U.S. Real Estate ETF 11.0 40 20 7.2 -0.6
BJK VanEck Gaming ETF 10.9 65 -5 4.3 -3.5
VNQ Vanguard Real Estate ETF 10.9 13 47 7.1 -0.7
FREL Fidelity MSCI Real Estate Index ETF 10.2 8 52 7.3 -0.5
FPRO Fidelity Real Estate Investment ETF 10.0 59 1 6.3 -1.5
ERET iShares Environmentally Aware Real Estate ETF 9.9 30 30 7.1 -0.7
REET iShares Global REIT ETF 9.8 14 46 7.3 -0.5
DFGR Dimensional Global Real Estate ETF 9.1 22 38 7.4 -0.5
INDS Pacer Industrial Real Estate ETF 9.0 55 5 6.5 -1.3
DESK VanEck Office and Commercial REIT ETF 8.9 50 10 16.5 +8.7
BYRE Principal Real Estate Active Opportunities ETF 8.9 65 -5 7.4 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 8.7 45 15 7.6 -0.2
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 6.9 -0.9
AVRE Avantis Real Estate ETF 8.1 17 43 7.1 -0.7
XLRE Real Estate Select Sector SPDR 8.1 8 52 7.4 -0.4
RWO SPDR Dow Jones Global Real Estate ETF 7.8 50 10 6.6 -1.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.8 60 0 5.7 -2.1
ICF iShares Cohen & Steers REIT ETF 7.7 33 27 7.5 -0.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.7 80 -20 6.9 -0.9
BEDZ AdvisorShares Hotel ETF 7.4 100 -40 5.7 -2.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.7 30 30 14.1 +6.3
JRE Janus Henderson U.S. Real Estate ETF 6.6 65 -5 6.1 -1.7
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 8.0 +0.2
PSR Invesco Active U.S. Real Estate Fund 5.9 35 25 7.4 -0.4
TMFS Motley Fool Small-Cap Growth ETF 5.6 85 -25 1.3 -6.5
ICAP InfraCap Equity Income Fund ETF 5.2 171 -111 4.8 -3.0
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 7.7 -0.1
VICE AdvisorShares Vice ETF 4.8 99 -39 5.8 -2.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.5 30 30 8.8 +1.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 4.4 27 33 6.5 -1.3
VRAI Virtus Real Asset Income ETF 4.3 55 5 8.5 +0.7
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.2 70 -10 4.7 -3.1
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 31 9.0 +1.2
VFMV Vanguard U.S. Minimum Volatility ETF 4.0 13 47 5.8 -2.0
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 6.7 -1.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.6 20 40 5.7 -2.1
UDI USCF Dividend Income Fund 3.6 65 -5 6.8 -1.0
SIXL ETC 6 Meridian Low Beta Equity ETF 3.5 80 -20 5.9 -1.9
OSCV Opus Small Cap Value ETF 3.4 79 -19 6.0 -1.9
SIXS ETC 6 Meridian Small Cap Equity ETF 3.1 89 -29 8.2 +0.4
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 10.5 +2.6
JHDV John Hancock U.S. High Dividend ETF 3.1 34 26 6.6 -1.3
TBG TBG Dividend Focus ETF 2.9 59 1 6.5 -1.3
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.9 56 4 7.4 -0.4
SDY State Street SPDR S&P Dividend ETF 2.9 35 25 6.2 -1.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.9 25 35 8.3 +0.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.8 60 0 5.4 -2.4
KONG Formidable Fortress ETF 2.8 89 -29 5.4 -2.5
ULVM VictoryShares US Value Momentum ETF 2.7 20 40 6.4 -1.4
JPRE JPMorgan Realty Income ETF 2.7 50 10 7.2 -0.6
DIVE Dana Concentrated Dividend ETF 2.6 65 -5 7.1 -0.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.6 12 48 3.6 -4.2
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.5 7 53 10.4 +2.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.5 15 45 6.5 -1.3
ALTL Pacer Lunt Large Cap Alternator ETF 2.4 60 0 4.9 -3.0
FDVV Fidelity High Dividend ETF 2.3 15 45 7.1 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 4.9 -3.0
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.0 -2.9
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.2 20 40 9.0 +1.2
SDIV Global X Superdividend ETF 2.1 58 2 13.3 +5.5
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 2.1 12 48 5.5 -2.3
RJDI RJ Eagle GCM Dividend Select Income ETF 2.1 55 5 4.7 -3.1
XJH iShares ESG Screened S&P Mid-Cap ETF 2.1 12 48 6.3 -1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.1 24 36 7.4 -0.4
DIV Global X SuperDividend US ETF 2.1 45 15 9.7 +1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.1 18 42 7.0 -0.8
FUNL CornerCap Fundametrics Large-Cap ETF 2.0 50 10 6.1 -1.7
AUSF Global X Adaptive U.S. Factor ETF 2.0 27 33 8.1 +0.3
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 26 3.7 -4.2
MDY SPDR S&P Midcap 400 ETF Trust 1.9 23 37 6.2 -1.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 45 6.4 -1.4
AFMC First Trust Active Factor Mid Cap ETF 1.9 65 -5 7.5 -0.3
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.9 15 45 8.3 +0.5
SMDV ProShares Russell 2000 Dividend Growers ETF 1.9 40 20 7.2 -0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 1.9 18 42 8.3 +0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.9 10 50 8.4 +0.6
FCPI Fidelity Stocks for Inflation ETF 1.9 15 45 6.1 -1.7
DES WisdomTree U.S. SmallCap Dividend Fund 1.9 38 22 8.5 +0.7
SMAP Amplify Small-Mid Cap Equity ETF 1.8 60 0 4.7 -3.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 20 6.9 -0.9
BGIG Bahl & Gaynor Income Growth ETF 1.8 45 15 4.7 -3.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.8 3 57 6.5 -1.4
IJH iShares Core S&P Mid-Cap ETF 1.8 5 55 6.4 -1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 1.8 7 53 6.4 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 31 6.8 -1.0
SMOX Horizon Small/Mid Cap Core Equity ETF 1.7 75 -15 5.6 -2.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 25 6.4 -1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 43 4.3 -3.5
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.7 15 45 4.4 -3.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.7 10 50 4.4 -3.4
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 54 8.2 +0.4
VOT Vanguard Mid-Cap Growth ETF 1.6 7 53 3.3 -4.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.6 73 -13 10.4 +2.6
MGMT Ballast Small/Mid Cap ETF 1.6 110 -50 7.7 -0.1
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 7.6 -0.3
VBR Vanguard Small Cap Value ETF 1.6 7 53 8.3 +0.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.6 15 45 7.2 -0.6
WDIV SPDR S&P Global Dividend ETF 1.6 40 20 9.4 +1.6
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 6.4 -1.4
IWN iShares Russell 2000 Value ETF 1.5 24 36 5.2 -2.6
IWS iShares Russell Mid-Cap Value ETF 1.5 23 37 6.4 -1.4
VTWV Vanguard Russell 2000 Value ETF 1.5 10 50 5.3 -2.5
BDIV AAM Brentview Dividend Growth ETF 1.5 49 11 3.8 -4.0
DON WisdomTree U.S. MidCap Dividend Fund 1.5 38 22 8.4 +0.5
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 6.6 -1.2
JHSC John Hancock Multifactor Small Cap ETF 1.5 42 18 6.4 -1.5
STXM Strive Mid-Cap ETF 1.4 18 42 5.7 -2.1
JPSV JPMorgan Active Small Cap Value ETF 1.4 74 -14 8.0 +0.2
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.7 -2.1
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.4 20 40 7.5 -0.3
MBOX Freedom Day Dividend ETF 1.4 39 21 7.2 -0.6
HDUS Hartford Disciplined US Equity ETF 1.4 19 41 5.1 -2.7
SFYF SoFi Social 50 ETF 1.4 29 31 0.9 -6.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.3 24 36 6.4 -1.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 25 5.5 -2.3
FYC First Trust Small Cap Growth AlphaDEX Fund 1.3 71 -11 -0.6 -8.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.3 4 56 5.9 -1.9
DEW WisdomTree Global High Dividend Fund 1.3 58 2 7.4 -0.4
FVD First Trust Value Line Dividend Index Fund 1.3 65 -5 5.7 -2.1
IMCV iShares Morningstar Mid-Cap Value ETF 1.3 6 54 7.3 -0.6
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 -1 5.9 -2.0
IVRA Invesco Real Assets ESG ETF 1.2 59 1 6.2 -1.7
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.8 -2.0
FSMD Fidelity Small-Mid Multifactor ETF 1.2 15 45 7.0 -0.9
USMF WisdomTree U.S. Multifactor Fund 1.2 28 32 6.7 -1.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 6.7 -1.1
AFLG First Trust Active Factor Large Cap ETF 1.2 55 5 5.4 -2.4
IWR iShares Russell Midcap ETF 1.2 19 41 5.7 -2.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 3.8 -4.0
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 6.3 -1.5
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 6.3 -1.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 21 9.9 +2.1
XJR iShares ESG Screened S&P Small-Cap ETF 1.1 12 48 6.7 -1.1
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -12 6.2 -1.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.1 60 0 7.2 -0.7
SCHA Schwab U.S. Small-Cap ETF 1.1 4 56 4.8 -3.0
RCGE RockCreek Global Equality ETF 1.1 95 -35 6.3 -1.5
ISCB iShares Morningstar Small-Cap ETF 1.1 4 56 5.7 -2.1
VXF Vanguard Extended Market ETF 1.1 5 55 4.1 -3.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.1 10 50 9.7 +1.9
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.1 15 45 9.7 +1.9
IJS iShares S&P Small-Cap 600 Value ETF 1.1 18 42 9.6 +1.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 1.0 14 46 4.5 -3.3
VLUE iShares MSCI USA Value Factor ETF 1.0 15 45 8.0 +0.2
VB Vanguard Small-Cap ETF 1.0 5 55 5.6 -2.3
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 30 7.6 -0.2
ROE Astoria US Quality Kings ETF 1.0 49 11 5.9 -1.9
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 7.4 -0.4
AFSM First Trust Active Factor Small Cap ETF 1.0 75 -15 6.4 -1.4
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 8.5 +0.6
REVS Columbia Research Enhanced Value ETF 1.0 19 41 7.1 -0.7
VIOO Vanguard S&P Small-Cap 600 ETF 1.0 7 53 6.7 -1.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 1.0 3 57 6.9 -0.9
IJR iShares Core S&P Small Cap ETF 1.0 6 54 6.8 -1.0
STXK Strive Small-Cap ETF 1.0 18 42 5.5 -2.3
VO Vanguard Mid-Cap ETF 1.0 4 56 5.5 -2.3
FNDA Schwab Fundamental US Small Co. Index ETF 1.0 25 35 6.6 -1.3
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 45 4.9 -2.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.0 7 53 5.7 -2.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 2.5 -5.3
ETHO Etho Climate Leadership U.S. ETF 0.9 47 13 4.7 -3.1
DHS WisdomTree U.S. High Dividend Fund 0.9 38 22 8.3 +0.4
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 43 6.7 -1.1
QDF FlexShares Quality Dividend Index Fund 0.9 37 23 5.8 -2.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 45 5.4 -2.4
OEI Optimized Equity Income ETF 0.9 75 -15 3.6 -4.2
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 6.1 -1.7
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.9 12 48 7.2 -0.6
ROSC Hartford Multifactor Small Cap ETF 0.9 34 26 7.6 -0.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 10 50 4.0 -3.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 4.0 -3.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.9 30 30 4.1 -3.7
RSSL Global X Russell 2000 ETF 0.9 8 52 3.0 -4.8
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 42 4.0 -3.9
PSC Principal U.S. Small-Cap ETF 0.9 38 22 4.0 -3.8
CGUS Capital Group Core Equity ETF 0.8 33 27 3.9 -3.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.8 35 25 6.8 -1.1
SIZE iShares MSCI USA Size Factor ETF 0.8 15 45 5.8 -2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.8 70 -10 2.3 -5.6
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.9 +0.1
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 56 5.6 -2.2
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 51 5.8 -2.0
IWM iShares Russell 2000 ETF 0.8 19 41 2.9 -4.9
IQRA IQ CBRE Real Assets ETF 0.8 65 -5 5.9 -1.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 56 5.6 -2.2
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 45 5.3 -2.5
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 48 7.6 -0.3
MAGA Point Bridge America First ETF 0.7 72 -12 5.2 -2.6
CGDV Capital Group Dividend Value ETF 0.7 33 27 4.2 -3.6
VTWO Vanguard Russell 2000 ETF 0.6 7 53 3.1 -4.8
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 18 5.7 -2.1
EES WisdomTree U.S. SmallCap Fund 0.6 38 22 8.4 +0.6
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 42 6.1 -1.8
FDLO Fidelity Low Volatility Factor ETF 0.6 15 45 5.0 -2.8
ROUS Hartford Multifactor US Equity ETF 0.6 19 41 5.7 -2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 4.1 -3.7
STXV Strive 1000 Value ETF 0.6 18 42 7.1 -0.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.6 20 40 6.4 -1.4
FLRG Fidelity U.S. Multifactor ETF 0.6 15 45 6.2 -1.7
SMMD iShares Russell 2500 ETF 0.6 15 45 6.0 -1.8
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 47 8.9 +1.1
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.5 60 0 10.1 +2.3
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 5.0 -2.9
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 35 4.9 -2.9
DTD WisdomTree U.S. Total Dividend Fund 0.5 28 32 5.9 -1.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 -5 5.0 -2.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 17 5.3 -2.6
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 45 6.2 -1.6
VOE Vanguard Mid-Cap Value ETF 0.5 7 53 7.0 -0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -4 1.4 -6.4
WSML iShares MSCI World Small-Cap ETF 0.5 15 45 5.7 -2.1
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 38 5.1 -2.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 7.9 +0.1
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 9.2 +1.3
IWD iShares Russell 1000 Value ETF 0.5 19 41 5.8 -2.1
VONV Vanguard Russell 1000 Value ETF 0.5 7 53 5.9 -2.0
FVAL Fidelity Value Factor ETF 0.5 15 45 6.4 -1.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 54 2.9 -4.9
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 23 5.7 -2.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.5 12 48 6.6 -1.2
APUE ActivePassive U.S. Equity ETF 0.5 45 15 4.3 -3.5
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 56 6.0 -1.9
FELC Fidelity Enhanced Large Cap Core ETF 0.5 18 42 4.8 -3.0
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.4 60 0 5.0 -2.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 48 5.8 -2.0
IWC iShares Micro-Cap ETF 0.4 60 0 -1.5 -9.3
IUSV iShares Core S&P US Value ETF 0.4 4 56 6.1 -1.8
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 7.9 +0.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 5.3 -2.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 5.3 -2.5
RECS Columbia Research Enhanced Core ETF 0.4 15 45 5.7 -2.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 8.9 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 51 5.5 -2.3
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 6.2 -1.6
BIBL Inspire 100 ETF 0.4 35 25 4.6 -3.2
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 5.7 -2.1
TMFX Motley Fool Next Index ETF 0.4 50 10 3.2 -4.6
NUMV Nuveen ESG Mid-Cap Value ETF 0.4 31 29 5.9 -1.9
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.3 15 45 5.2 -2.6
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 4.3 -3.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 3.3 -4.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -7 8.9 +1.1
IVE iShares S&P 500 Value ETF 0.3 18 42 5.8 -2.0
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 5.9 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 4.4 -3.4
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 5.9 -1.9
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.9 -4.0
DLN WisdomTree U.S. LargeCap Dividend Fund 0.3 28 32 5.7 -2.2
PFM Invesco Dividend Achievers ETF 0.3 53 7 4.9 -2.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.7 -3.1
DIVB iShares Core Dividend ETF 0.3 5 55 7.6 -0.2
ILCV iShares Morningstar Value ETF 0.3 4 56 5.6 -2.2
PRF Invesco FTSE RAFI US 1000 ETF 0.3 34 26 6.1 -1.7
FDMO Fidelity Momentum Factor ETF 0.3 15 45 2.7 -5.1
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.3 25 35 4.5 -3.3
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.7 -3.1
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 8.3 +0.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 5.3 -2.5
FQAL Fidelity Quality Factor ETF 0.3 15 45 5.1 -2.7
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.3 19 41 5.2 -2.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 4.7 -3.1
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 4.6 -3.2
GSPY Gotham Enhanced 500 ETF 0.3 50 10 4.8 -3.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 57 4.5 -3.3
VTI Vanguard Total Stock Market ETF 0.3 3 57 4.5 -3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 5.1 -2.7
VTHR Vanguard Russell 3000 ETF 0.3 7 53 4.5 -3.3
IWV iShares Russell 3000 ETF 0.3 20 40 4.4 -3.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 54 3.7 -4.1
JHML John Hancock Multifactor Large Cap ETF 0.3 29 31 4.8 -3.0
WLDR Affinity World Leaders Equity ETF 0.3 67 -7 6.6 -1.2
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.4 -6.5
VEGN US Vegan Climate ETF 0.2 60 0 4.3 -3.5
SCHK Schwab 1000 Index ETF 0.2 5 55 4.6 -3.2
IWB iShares Russell 1000 ETF 0.2 15 45 4.5 -3.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 4.7 -3.1
PTL Inspire 500 ETF 0.2 9 51 4.8 -3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 0 6.6 -1.2
VTV Vanguard Value ETF 0.2 4 56 6.1 -1.7
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.6 -3.2
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.6 -3.2
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.4 -3.4
BLES Inspire Global Hope ETF 0.2 61 -1 6.1 -1.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 48 3.8 -4.1
NUSC Nuveen ESG Small-Cap ETF 0.2 31 29 5.3 -2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 51 4.7 -3.1
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 4.9 -2.9
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.6 -3.2
WSGE Warren Street Global Equity ETF 0.2 80 -20 3.1 -4.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 5.0 -2.8
RITA ETFB Green SRI REITs ETF 0.2 50 10 5.8 -2.0
PBUS Invesco MSCI USA ETF 0.2 4 56 4.6 -3.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.5 -3.3
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.9 -1.9
FFF Founders 100 ETF 0.2 75 -15 2.9 -5.0
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 4.7 -3.1
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.4 -2.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 6.6 -1.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 4.3 -3.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 48 3.9 -3.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.7 -3.2
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.5 -3.3
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.5 -3.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 4.7 -3.1
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 4.8 -3.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 9.7 +1.9
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 20 4.2 -3.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 8.1 +0.3
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 40 4.4 -3.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 52 4.7 -3.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 4.3 -3.5
FESM Fidelity Enhanced Small Cap ETF 0.2 28 32 2.6 -5.2
SFY SoFi Select 500 ETF 0.2 0 60 4.2 -3.7
VV Vanguard Large-Cap ETF 0.2 4 56 4.5 -3.3
IVV iShares Core S&P 500 ETF 0.2 3 57 4.6 -3.2
SPY SPDR S&P 500 ETF 0.2 9 51 4.5 -3.3
SPYM State Street SPDR Portfolio S&P 500 ETF 0.2 2 58 4.6 -3.2
RAUS RACWI US ETF 0.2 15 45 4.5 -3.3
VOO Vanguard S&P 500 ETF 0.2 3 57 4.6 -3.2
VT Vanguard Total World Stock ETF 0.2 6 54 5.4 -2.4
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 42 4.3 -3.5
GXLC Global X U.S. 500 ETF 0.2 2 58 4.4 -3.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.5 -3.3
VOTE TCW Transform 500 ETF 0.2 5 55 4.5 -3.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 4.7 -3.1
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 6.3 -1.5
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.6 -3.2
STRV Strive 500 ETF 0.1 5 55 4.5 -3.4
RVRB Reverb ETF 0.1 30 30 4.3 -3.5
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 45 4.7 -3.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 4.5 -3.3
URTH iShares MSCI World ETF 0.1 24 36 4.7 -3.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 4.5 -3.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.5 -3.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 4.4 -3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 31 6.0 -1.8
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.1 -2.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.7 -3.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.3 -3.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 6.6 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.4 -3.4
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 4.3 -3.5
AIEQ AI Powered Equity ETF 0.1 75 -15 4.1 -3.8
VUG Vanguard Growth ETF 0.1 4 56 3.7 -4.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.3 -2.5
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.2 -2.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 5.2 -2.7
STXG Strive 1000 Growth ETF 0.1 18 42 3.6 -4.3
OPTZ Optimize Strategy Index ETF 0.1 50 10 4.1 -3.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 4.0 -3.8
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 3.5 -4.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.8 -3.0
STXD Strive 1000 Dividend Growth ETF 0.1 35 25 4.7 -3.2
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 5.4 -2.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.3 -2.5
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.4 -4.4
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 24 3.5 -4.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 6.2 -1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 5.2 -2.6
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 5.2 -2.7
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.6 -7.2
TEXN iShares Texas Equity ETF 0.0 20 40 5.3 -2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.3 -4.6
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 0.7 -7.1
ACVF American Conservative Values ETF 0.0 75 -15 4.0 -3.8
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 18 3.9 -3.9
EBI Longview Advantage ETF 0.0 35 25 6.3 -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:		 NETLease Corporate Real Estate 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 11.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.