NETLease Corporate Real Estate ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.3x P/Sales
ratio		 7.2x
P/BV
ratio		 1.5x Div.
yield		 6.3%


  • 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) $55
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
NATIONAL RETAIL PROPERTIES 8.4 %
AGREE REALTY CORP 8.2 %
REALTY INCOME CORP 8.1 %
WP CAREY INC 7.8 %
VICI PROPERTIES INC 7.2 %
LEXINGTON REALTY TRUST 4.4 %
EPR PROPERTIES 4.2 %
BROADSTONE NET LEASE, INC. 4.2 %
NETSTREIT CORP. 4.1 %
STAG INDUSTRIAL INC 4.1 %
Total 60.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %










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.
17.6% 20.3% 1.8% -- 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.10 1%
MSCI EAFE 0.23 6%
MSCI Emg. Mkts. -0.01 0%

Technical Indicators
Recent close $26.94
30d moving avg. $27.13
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 374 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™: 7.3%


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
(%)
KBWY Invesco KBW Premium Yield Equity REIT ETF 25.7 35 25 8.3 +1.1
SRET Global X SuperDividend REIT ETF 19.0 59 1 12.5 +5.2
BLDG Cambria Global Real Estate ETF 17.4 60 0 10.6 +3.3
RIET Hoya Capital High Dividend Yield ETF 16.5 50 10 13.8 +6.5
PPTY US Diversified Real Estate ETF 14.0 53 7 7.2 -0.1
USRT iShares Core U.S. REIT ETF 13.4 8 52 6.7 -0.6
DFAR Dimensional US Real Estate ETF 12.8 19 41 7.0 -0.3
FRI First Trust S&P REIT Index Fund 12.6 50 10 6.3 -1.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 12.6 11 49 6.8 -0.5
SCHH Schwab U.S. REIT ETF 11.9 7 53 7.0 -0.3
REAI Intelligent Real Estate ETF 11.1 59 1 5.5 -1.8
RWR State Street SPDR Dow Jones REIT ETF 10.8 25 35 6.5 -0.8
IYR iShares U.S. Real Estate ETF 10.6 40 20 6.7 -0.6
FPRO Fidelity Real Estate Investment ETF 10.4 59 1 5.9 -1.4
FREL Fidelity MSCI Real Estate Index ETF 10.3 8 52 6.8 -0.5
VNQ Vanguard Real Estate ETF 10.2 13 47 6.6 -0.7
GQRE FlexShares Global Quality Real Estate Index Fund 9.7 45 15 7.2 -0.1
ERET iShares Environmentally Aware Real Estate ETF 9.6 30 30 6.7 -0.6
REET iShares Global REIT ETF 9.2 14 46 6.7 -0.6
INDS Pacer Industrial Real Estate ETF 9.1 55 5 5.8 -1.5
PSR Invesco Active U.S. Real Estate Fund 9.0 35 25 6.8 -0.5
XMLV Invesco S&P MidCap Low Volatility ETF 8.7 25 35 6.5 -0.8
DFGR Dimensional Global Real Estate ETF 8.5 22 38 6.8 -0.5
AVRE Avantis Real Estate ETF 8.0 17 43 6.6 -0.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.5 80 -20 6.5 -0.8
XLRE Real Estate Select Sector SPDR 7.5 8 52 7.0 -0.3
ICF iShares Cohen & Steers REIT ETF 7.5 33 27 7.1 -0.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.5 60 0 5.4 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 7.5 50 10 6.1 -1.2
DESK VanEck Office and Commercial REIT ETF 7.0 50 10 12.9 +5.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.8 30 30 13.1 +5.8
BEDZ AdvisorShares Hotel ETF 6.3 100 -40 4.8 -2.5
VICE AdvisorShares Vice ETF 6.3 99 -39 5.8 -1.5
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 5.7 40 20 7.4 +0.1
TMFS Motley Fool Small-Cap Growth ETF 5.7 85 -25 1.1 -6.2
JRE Janus Henderson U.S. Real Estate ETF 5.3 65 -5 5.6 -1.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 5.3 27 33 6.3 -1.0
BYRE Principal Real Estate Active Opportunities ETF 5.3 65 -5 6.9 -0.4
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 6.9 -0.4
VRAI Virtus Real Asset Income ETF 5.1 55 5 8.2 +0.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.8 30 30 8.5 +1.2
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 4.6 12 48 5.4 -1.9
PSCF Invesco S&P SmallCap Financials ETF 4.3 29 31 7.8 +0.5
SIXL ETC 6 Meridian Low Beta Equity ETF 4.0 80 -20 5.7 -1.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.0 70 -10 4.5 -2.8
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 3.8 60 0 7.8 +0.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.7 20 40 5.4 -1.9
ULVM VictoryShares US Value Momentum ETF 3.5 20 40 5.8 -1.5
JHDV John Hancock U.S. High Dividend ETF 3.4 34 26 5.7 -1.6
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 3.3 56 4 6.6 -0.7
SDIV Global X Superdividend ETF 3.3 58 2 13.6 +6.3
WTRE WisdomTree New Economy Real Estate Fund 3.2 58 2 -0.3 -7.6
VFMV Vanguard U.S. Minimum Volatility ETF 3.2 13 47 5.6 -1.7
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.1 29 31 6.5 -0.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 3.1 40 20 6.4 -0.9
SIXS ETC 6 Meridian Small Cap Equity ETF 3.0 89 -29 7.3 +0.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 3.0 60 0 4.8 -2.5
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.8 12 48 3.2 -4.1
WTV WisdomTree US Value ETF 2.8 12 48 7.5 +0.2
KONG Formidable Fortress ETF 2.6 89 -29 5.0 -2.3
SDY State Street SPDR S&P Dividend ETF 2.6 35 25 5.9 -1.4
TBG TBG Dividend Focus ETF 2.6 59 1 6.0 -1.3
IQRA IQ CBRE Real Assets ETF 2.6 65 -5 5.7 -1.6
FDVV Fidelity High Dividend ETF 2.4 15 45 6.4 -0.9
OSCV Opus Small Cap Value ETF 2.4 79 -19 5.6 -1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.3 18 42 6.6 -0.7
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.3 7 53 9.7 +2.4
DIVE Dana Concentrated Dividend ETF 2.3 65 -5 6.5 -0.8
SPLV Invesco S&P 500 Low Volatility ETF 2.2 25 35 4.9 -2.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.2 24 36 6.9 -0.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.1 25 35 7.2 -0.1
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.0 15 45 6.0 -1.3
FUNL CornerCap Fundametrics Large-Cap ETF 2.0 50 10 6.4 -0.9
DIVG Invesco S&P 500 High Dividend Growers ETF 2.0 39 21 7.0 -0.3
XJH iShares ESG Screened S&P Mid-Cap ETF 2.0 12 48 5.7 -1.6
FCPI Fidelity Stocks for Inflation ETF 2.0 15 45 5.7 -1.6
AUSF Global X Adaptive U.S. Factor ETF 2.0 27 33 7.8 +0.5
RJDI RJ Eagle Dividend Select Income ETF 2.0 55 5 4.4 -2.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.9 10 50 3.6 -3.7
JPRE JPMorgan Realty Income ETF 1.9 50 10 6.7 -0.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 1.9 20 40 8.3 +1.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.9 15 45 6.5 -0.8
SMOX Horizon Small/Mid Cap Core Equity ETF 1.9 75 -15 5.1 -2.2
DIV Global X SuperDividend US ETF 1.9 45 15 9.4 +2.2
AFMC First Trust Active Factor Mid Cap ETF 1.9 65 -5 6.7 -0.6
SMDV ProShares Russell 2000 Dividend Growers ETF 1.8 40 20 6.4 -0.9
CZA Invesco Zacks Mid-Cap ETF 1.8 72 -12 5.5 -1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 1.8 18 42 7.5 +0.2
MDY SPDR S&P Midcap 400 ETF Trust 1.8 23 37 5.7 -1.6
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.8 15 45 7.6 +0.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.8 35 25 5.6 -1.7
XMMO Invesco S&P MidCap Momentum ETF 1.8 34 26 3.5 -3.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.8 10 50 7.6 +0.3
SPVM Invesco S&P 500 Value with Momentum ETF 1.8 39 21 6.0 -1.3
IJH iShares Core S&P Mid-Cap ETF 1.7 5 55 5.9 -1.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 57 5.9 -1.4
MGMT Ballast Small/Mid Cap ETF 1.7 110 -50 7.1 -0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 7 53 5.9 -1.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.7 39 21 3.3 -4.0
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 54 7.2 -0.1
JPSV JPMorgan Active Small Cap Value ETF 1.7 74 -14 6.8 -0.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.7 15 45 5.9 -1.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.7 10 50 4.1 -3.2
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.7 15 45 4.0 -3.3
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 17 43 4.0 -3.3
DES WisdomTree U.S. SmallCap Dividend Fund 1.6 38 22 7.6 +0.3
WDIV SPDR S&P Global Dividend ETF 1.6 40 20 8.8 +1.5
FVD First Trust Value Line Dividend Index Fund 1.6 65 -5 5.5 -1.8
IWN iShares Russell 2000 Value ETF 1.6 24 36 4.4 -2.9
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 5.9 -1.4
VTWV Vanguard Russell 2000 Value ETF 1.5 10 50 4.6 -2.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.5 24 36 5.7 -1.6
VBR Vanguard Small Cap Value ETF 1.5 7 53 7.4 +0.1
DON WisdomTree U.S. MidCap Dividend Fund 1.5 38 22 7.8 +0.5
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.5 20 40 7.0 -0.3
IWS iShares Russell Mid-Cap Value ETF 1.5 23 37 5.7 -1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 31 6.1 -1.2
SFYF SoFi Social 50 ETF 1.4 29 31 0.8 -6.5
BDIV AAM Brentview Dividend Growth ETF 1.4 49 11 3.6 -3.7
VOT Vanguard Mid-Cap Growth ETF 1.4 7 53 3.0 -4.3
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.4 15 45 8.4 +1.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.4 10 50 8.4 +1.1
STXM Strive Mid-Cap ETF 1.4 18 42 5.9 -1.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 25 10.6 +3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 56 16.4 +9.1
FMDE Fidelity Enhanced Mid Cap ETF 1.3 23 37 5.1 -2.2
IJS iShares S&P Small-Cap 600 Value ETF 1.3 18 42 8.3 +1.0
HDUS Hartford Disciplined US Equity ETF 1.3 19 41 4.6 -2.7
FTA First Trust Large Cap Value AlphaDEX Fund 1.3 59 1 7.2 -0.1
XJR iShares ESG Screened S&P Small-Cap ETF 1.3 12 48 5.7 -1.6
DEW WisdomTree Global High Dividend Fund 1.2 58 2 6.9 -0.4
AFSM First Trust Active Factor Small Cap ETF 1.2 75 -15 5.3 -2.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 57 5.9 -1.4
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.4 -1.9
VIOO Vanguard S&P Small-Cap 600 ETF 1.2 7 53 5.7 -1.6
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 6.6 -0.7
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -46 9.6 +2.3
IJR iShares Core S&P Small Cap ETF 1.1 6 54 5.9 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 67 -7 8.1 +0.8
FSMD Fidelity Small-Mid Multifactor ETF 1.1 15 45 6.2 -1.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.1 73 -13 8.9 +1.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.1 30 30 7.3 -0.0
IWR iShares Russell Midcap ETF 1.1 19 41 5.1 -2.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.1 60 0 6.5 -0.8
FNDA Schwab Fundamental US Small Co. Index ETF 1.1 25 35 5.8 -1.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.1 20 40 5.9 -1.4
SCHM Schwab U.S. Mid-Cap ETF 1.1 4 56 5.7 -1.6
ROSC Hartford Multifactor Small Cap ETF 1.1 34 26 6.7 -0.6
CHGX AXS Change Finance ESG ETF 1.1 49 11 4.2 -3.1
VGSR Vert Global Sustainable Real Estate ETF 1.1 47 13 6.8 -0.5
VXF Vanguard Extended Market ETF 1.0 5 55 3.6 -3.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.0 10 50 3.4 -3.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.0 15 45 3.4 -3.9
BGIG Bahl & Gaynor Income Growth ETF 1.0 45 15 4.3 -3.0
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 5.1 -2.2
RCGE RockCreek Global Equality ETF 1.0 95 -35 5.7 -1.6
SCHA Schwab U.S. Small-Cap ETF 1.0 4 56 4.2 -3.1
ROE Astoria US Quality Kings ETF 1.0 49 11 5.1 -2.2
ICAP InfraCap Equity Income Fund ETF 1.0 171 -111 4.3 -3.0
DHS WisdomTree U.S. High Dividend Fund 1.0 38 22 7.8 +0.5
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 42 3.4 -3.9
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 18 5.7 -1.6
VB Vanguard Small-Cap ETF 1.0 5 55 5.0 -2.3
UDI USCF Dividend Income Fund 1.0 65 -5 6.4 -0.9
QDF FlexShares Quality Dividend Index Fund 1.0 37 23 5.1 -2.2
FLRG Fidelity U.S. Multifactor ETF 1.0 15 45 5.7 -1.6
RSSL Global X Russell 2000 ETF 1.0 8 52 2.5 -4.8
STXK Strive Small-Cap ETF 0.9 18 42 4.9 -2.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.9 70 -10 9.0 +1.7
AFLG First Trust Active Factor Large Cap ETF 0.9 55 5 4.8 -2.5
EZM WisdomTree U.S. MidCap Fund 0.9 38 22 7.6 +0.3
SMMD iShares Russell 2500 ETF 0.9 15 45 5.2 -2.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.9 15 45 4.5 -2.8
REVS Columbia Research Enhanced Value ETF 0.9 19 41 6.3 -1.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 45 4.9 -2.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 53 5.1 -2.2
OEI Optimized Equity Income ETF 0.9 75 -15 3.6 -3.7
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -1 4.9 -2.4
VO Vanguard Mid-Cap ETF 0.9 4 56 20.3 +13.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.9 30 30 3.6 -3.7
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 43 6.2 -1.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 45 5.8 -1.5
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.2 -0.1
IWM iShares Russell 2000 ETF 0.8 19 41 2.5 -4.8
VLUE iShares MSCI USA Value Factor ETF 0.8 15 45 6.1 -1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 56 14.7 +7.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 21 2.1 -5.2
SIZE iShares MSCI USA Size Factor ETF 0.8 15 45 5.3 -2.0
ROUS Hartford Multifactor US Equity ETF 0.7 19 41 5.2 -2.1
ETHO Etho Climate Leadership U.S. ETF 0.7 47 13 3.9 -3.4
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 5.3 -2.0
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 56 5.0 -2.3
EQL Alps Equal Sector Weight ETF 0.7 25 35 5.0 -2.3
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 45 5.2 -2.1
VTWO Vanguard Russell 2000 ETF 0.7 7 53 2.6 -4.7
FDLO Fidelity Low Volatility Factor ETF 0.7 15 45 4.7 -2.6
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 5.2 -2.1
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 1 4.8 -2.5
EES WisdomTree U.S. SmallCap Fund 0.6 38 22 7.3 -0.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 3.4 -3.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.6 14 46 4.0 -3.3
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 48 6.5 -0.8
PSC Principal U.S. Small-Cap ETF 0.6 38 22 3.4 -3.9
MAGA Point Bridge America First ETF 0.6 72 -12 5.0 -2.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.6 12 48 6.0 -1.3
IWC iShares Micro-Cap ETF 0.6 60 0 -1.3 -8.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 0 5.9 -1.4
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 35 4.4 -2.9
PFI Invesco Dorsey Wright Financial Momentum ETF 0.6 60 0 4.4 -2.9
STXV Strive 1000 Value ETF 0.6 18 42 6.6 -0.7
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 45 5.5 -1.8
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.5 35 25 6.1 -1.2
DTD WisdomTree U.S. Total Dividend Fund 0.5 28 32 5.5 -1.8
FVAL Fidelity Value Factor ETF 0.5 15 45 5.7 -1.6
SMCF Themes US Small Cap Cash Flow Champions ETF 0.5 29 31 9.1 +1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 23 5.3 -2.0
XSMO Invesco S&P SmallCap Momentum ETF 0.5 39 21 3.5 -3.8
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 4.5 -2.8
WSML iShares MSCI World Small-Cap ETF 0.5 15 45 5.2 -2.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.5 20 40 5.8 -1.5
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 8.4 +1.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 43 4.7 -2.6
DIVB iShares Core Dividend ETF 0.5 5 55 6.4 -0.9
VOE Vanguard Mid-Cap Value ETF 0.5 7 53 6.5 -0.8
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 6.7 -0.6
IWD iShares Russell 1000 Value ETF 0.4 19 41 5.0 -2.3
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 56 5.4 -1.9
VONV Vanguard Russell 1000 Value ETF 0.4 7 53 5.1 -2.2
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.4 60 0 4.5 -2.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 54 2.6 -4.7
IUSV iShares Core S&P US Value ETF 0.4 4 56 5.7 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 51 5.0 -2.3
TMFX Motley Fool Next Index ETF 0.4 50 10 2.8 -4.5
RECS Columbia Research Enhanced Core ETF 0.4 15 45 5.2 -2.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 48 5.1 -2.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 4.7 -2.6
USMF WisdomTree U.S. Multifactor Fund 0.4 28 32 6.4 -0.9
FELV Fidelity Enhanced Large Cap Value ETF 0.4 18 42 5.2 -2.1
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.4 25 35 4.0 -3.3
BIBL Inspire 100 ETF 0.4 35 25 4.1 -3.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.4 50 10 7.8 +0.5
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.3 15 45 4.9 -2.4
ISMD Inspire Small/Mid Cap ETF 0.3 54 6 4.6 -2.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.3 35 25 6.5 -0.8
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 40 5.6 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.3 28 32 5.2 -2.1
FQAL Fidelity Quality Factor ETF 0.3 15 45 4.7 -2.6
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 3.7 -3.6
IVE iShares S&P 500 Value ETF 0.3 18 42 5.4 -1.9
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 5.5 -1.8
PFM Invesco Dividend Achievers ETF 0.3 53 7 4.5 -2.8
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 5.5 -1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 3.7 -3.6
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.3 -4.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -11 -0.6 -7.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.1 -3.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 4.7 -2.6
WLDR Affinity World Leaders Equity ETF 0.3 67 -7 5.5 -1.8
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 54 3.2 -4.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 4.2 -3.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 48 3.2 -4.1
ILCV iShares Morningstar Value ETF 0.3 4 56 5.1 -2.2
RITA ETFB Green SRI REITs ETF 0.3 50 10 5.3 -2.0
SCHB Schwab U.S. Broad Market ETF 0.3 3 57 4.1 -3.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 25 4.1 -3.2
APUE ActivePassive U.S. Equity ETF 0.2 45 15 3.8 -3.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 57 4.0 -3.3
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.0 -3.3
IWV iShares Russell 3000 ETF 0.2 20 40 3.9 -3.4
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.0 -3.3
BLES Inspire Global Hope ETF 0.2 61 -1 5.5 -1.8
GSPY Gotham Enhanced 500 ETF 0.2 50 10 4.2 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.2 34 26 5.4 -1.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 4.2 -3.1
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 4.3 -3.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 21 7.3 +0.1
PTL Inspire 500 ETF 0.2 9 51 4.3 -3.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 4.8 -2.5
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.2 60 0 9.0 +1.7
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.0 -3.3
SCHK Schwab 1000 Index ETF 0.2 5 55 4.1 -3.2
NUSC Nuveen ESG Small-Cap ETF 0.2 31 29 4.6 -2.7
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.1 -3.2
IWB iShares Russell 1000 ETF 0.2 15 45 4.0 -3.3
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.0 -3.3
VTV Vanguard Value ETF 0.2 4 56 5.6 -1.7
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 41 4.6 -2.7
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 42 4.2 -3.1
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.2 -6.1
VEGN US Vegan Climate ETF 0.2 60 0 3.3 -4.0
STOX Horizon Core Equity ETF 0.2 70 -10 3.4 -3.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.2 39 21 8.8 +1.5
SFTY Horizon Managed Risk ETF 0.2 77 -17 3.4 -3.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 5.9 -1.4
WSGE Warren Street Global Equity ETF 0.2 80 -20 2.8 -4.5
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.2 -3.1
PBUS Invesco MSCI USA ETF 0.2 4 56 4.1 -3.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.0 -3.3
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.3 -2.0
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 4.2 -3.1
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 8.1 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 4.6 -2.7
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.2 12 48 3.8 -3.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.1 -3.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 3.8 -3.5
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 4.3 -3.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.2 70 -10 2.0 -5.3
FDMO Fidelity Momentum Factor ETF 0.2 15 45 2.4 -4.9
FFF Founders 100 ETF 0.2 75 -15 2.4 -4.9
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 4.2 -3.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.0 -3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 31 5.4 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.1 -3.2
XVV iShares ESG Screened S&P 500 ETF 0.2 8 52 4.0 -3.3
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 3.8 -3.5
GXLC Global X U.S. 500 ETF 0.2 2 58 4.0 -3.3
VOTE TCW Transform 500 ETF 0.2 5 55 4.0 -3.3
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 3.9 -3.4
VT Vanguard Total World Stock ETF 0.1 6 54 4.9 -2.4
SPY SPDR S&P 500 ETF 0.1 9 51 4.0 -3.3
IVV iShares Core S&P 500 ETF 0.1 3 57 4.1 -3.2
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.1 -3.2
VV Vanguard Large-Cap ETF 0.1 4 56 4.0 -3.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.3 -3.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 53 4.0 -3.3
RVRB Reverb ETF 0.1 30 30 3.6 -3.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 49 4.2 -3.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 60 12.2 +4.9
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 51 3.9 -3.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 51 4.3 -3.0
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.1 43 17 4.6 -2.7
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 4.8 -2.5
VOO Vanguard S&P 500 ETF 0.1 3 57 4.1 -3.2
RAUS RACWI US ETF 0.1 15 45 4.0 -3.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 42 3.8 -3.5
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.2 -3.1
URTH iShares MSCI World ETF 0.1 24 36 4.2 -3.1
SSPY Syntax Stratified LargeCap ETF 0.1 30 30 5.8 -1.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 53 4.3 -3.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 5.9 -1.4
SFY SoFi Select 500 ETF 0.1 0 60 3.7 -3.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 4.6 -2.7
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.5 -2.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 21 6.7 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 3.9 -3.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -4 1.2 -6.1
VUG Vanguard Growth ETF 0.1 4 56 20.3 +13.1
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 3.8 -3.5
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 20 3.4 -3.9
STXG Strive 1000 Growth ETF 0.1 18 42 3.2 -4.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 4.9 -2.4
OPTZ Optimize Strategy Index ETF 0.1 50 10 3.3 -4.0
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 3.0 -4.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 3.9 -3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.3 -3.0
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 50 4.2 -3.1
ILCG iShares Morningstar Growth ETF 0.1 4 56 3.1 -4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.0 -2.3
AIEQ AI Powered Equity ETF 0.1 75 -15 3.6 -3.7
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 24 3.1 -4.2
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 4.7 -2.6
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 5.5 -1.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 3.9 -3.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 4.7 -2.6
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.5 -6.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 35 5.4 -1.9
TEXN iShares Texas Equity ETF 0.0 20 40 5.1 -2.2
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 0.6 -6.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 2.9 -4.4
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 4.8 -2.5
ACVF American Conservative Values ETF 0.0 75 -15 3.6 -3.7
SFGV Sequoia Global Value ETF 0.0 23 37 6.9 -0.4
FESM Fidelity Enhanced Small Cap ETF 0.0 28 32 2.1 -5.2
EBI Longview Advantage ETF 0.0 35 25 5.7 -1.6

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

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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 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.3 %
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.