NETLease Corporate Real Estate ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 7.0x
P/BV
ratio		 1.5x Div.
yield		 6.4%


  • 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) $49
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
WP CAREY INC 8.1 %
NATIONAL RETAIL PROPERTIES 8.0 %
VICI PROPERTIES INC 7.6 %
AGREE REALTY CORP 7.5 %
REALTY INCOME CORP 7.4 %
INNOVATIVE INDUSTRIAL PROPERTIES I 4.4 %
BROADSTONE NET LEASE, INC. 4.2 %
LEXINGTON REALTY TRUST 4.2 %
GLOBAL NET LEASE INC 4.0 %
GETTY REALTY CORP 4.0 %
Total 59.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %










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.
13.0% 14.0% 2.5% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.25 5%
MSCI EAFE 0.36 16%
MSCI Emg. Mkts. 0.15 5%

Technical Indicators
Recent close $26.29
30d moving avg. $26.21
Annualized volatility 17.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.8%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $752

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 387 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™: 7.4%


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 24.7 35 25 11.6 +4.1
BLDG Cambria Global Real Estate ETF 21.0 60 0 11.1 +3.7
RIET Hoya Capital High Dividend Yield ETF 18.6 50 10 13.6 +6.2
SRET Global X SuperDividend REIT ETF 17.7 59 1 12.6 +5.2
PPTY US Diversified Real Estate ETF 13.8 53 7 7.4 -0.1
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 13.3 11 49 7.0 -0.5
USRT iShares Core U.S. REIT ETF 13.2 8 52 6.9 -0.6
DFAR Dimensional US Real Estate ETF 13.1 19 41 7.1 -0.4
FRI First Trust S&P REIT Index Fund 13.0 50 10 6.4 -1.0
FPRO Fidelity Real Estate Investment ETF 12.5 59 1 6.0 -1.5
SCHH Schwab U.S. REIT ETF 12.1 7 53 7.1 -0.3
REAI Intelligent Real Estate ETF 10.8 59 1 5.6 -1.9
FREL Fidelity MSCI Real Estate Index ETF 10.6 8 52 6.9 -0.5
RWR State Street SPDR Dow Jones REIT ETF 10.5 25 35 6.6 -0.8
IYR iShares U.S. Real Estate ETF 10.4 40 20 6.8 -0.6
VNQ Vanguard Real Estate ETF 10.2 13 47 6.7 -0.8
GQRE FlexShares Global Quality Real Estate Index Fund 9.6 45 15 7.3 -0.2
ERET iShares Environmentally Aware Real Estate ETF 9.4 30 30 6.9 -0.6
REET iShares Global REIT ETF 9.1 14 46 7.0 -0.5
INDS Pacer Industrial Real Estate ETF 8.7 55 5 6.2 -1.3
DFGR Dimensional Global Real Estate ETF 8.6 22 38 7.0 -0.5
XMLV Invesco S&P MidCap Low Volatility ETF 8.4 25 35 6.9 -0.5
AVRE Avantis Real Estate ETF 8.2 17 43 6.8 -0.7
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 7.8 60 0 5.4 -2.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.5 80 -20 6.9 -0.6
BEDZ AdvisorShares Hotel ETF 7.5 100 -40 5.0 -2.4
ICF iShares Cohen & Steers REIT ETF 7.5 33 27 7.0 -0.4
VICE AdvisorShares Vice ETF 7.4 99 -39 5.8 -1.6
RWO SPDR Dow Jones Global Real Estate ETF 7.4 50 10 6.3 -1.1
XLRE Real Estate Select Sector SPDR 7.4 8 52 7.0 -0.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.7 30 30 13.7 +6.3
RSPR Invesco S&P 500 Equal Weight Real Estate ETF 6.5 40 20 7.4 -0.0
DESK VanEck Office and Commercial REIT ETF 6.1 50 10 13.8 +6.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 5.8 27 33 6.5 -0.9
JRE Janus Henderson U.S. Real Estate ETF 5.8 65 -5 5.8 -1.7
PSR Invesco Active U.S. Real Estate Fund 5.8 35 25 6.9 -0.6
TMFS Motley Fool Small-Cap Growth ETF 5.4 85 -25 1.3 -6.1
VRAI Virtus Real Asset Income ETF 5.4 55 5 8.3 +0.8
BYRE Principal Real Estate Active Opportunities ETF 5.3 65 -5 6.9 -0.6
XSLV Invesco S&P SmallCap Low Volatility ETF 5.2 25 35 7.4 -0.0
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 4.7 12 48 5.6 -1.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.5 30 30 8.8 +1.4
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 31 8.5 +1.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 4.2 70 -10 4.7 -2.7
SIXL ETC 6 Meridian Low Beta Equity ETF 4.1 80 -20 6.0 -1.4
JHDV John Hancock U.S. High Dividend ETF 3.9 34 26 5.9 -1.6
ULVM VictoryShares US Value Momentum ETF 3.8 20 40 6.1 -1.4
BMVP Invesco Bloomberg MVP Multi-factor ETF 3.7 29 31 6.7 -0.8
JPRE JPMorgan Realty Income ETF 3.6 50 10 6.8 -0.7
WTRE WisdomTree New Economy Real Estate Fund 3.6 58 2 -0.3 -7.8
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 3.6 56 4 6.8 -0.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.6 20 40 5.8 -1.7
VFMV Vanguard U.S. Minimum Volatility ETF 3.5 13 47 5.7 -1.8
SIXS ETC 6 Meridian Small Cap Equity ETF 3.2 89 -29 8.1 +0.6
CVY Invesco Zacks Multi-Asset Income ETF 3.1 106 -46 10.0 +2.6
KONG Formidable Fortress ETF 3.1 89 -29 5.2 -2.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 3.0 40 20 6.9 -0.5
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.9 60 0 5.1 -2.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 2.8 12 48 3.4 -4.0
TBG TBG Dividend Focus ETF 2.8 59 1 6.2 -1.3
WTV WisdomTree US Value ETF 2.8 12 48 7.7 +0.3
IQRA IQ CBRE Real Assets ETF 2.6 65 -5 5.9 -1.6
SDY State Street SPDR S&P Dividend ETF 2.6 35 25 6.1 -1.4
FDVV Fidelity High Dividend ETF 2.6 15 45 6.6 -0.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.5 25 35 7.7 +0.3
DIVE Dana Concentrated Dividend ETF 2.4 65 -5 6.9 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.4 18 42 6.9 -0.6
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF 2.4 7 53 10.0 +2.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 2.3 25 35 4.9 -2.5
SPLV Invesco S&P 500 Low Volatility ETF 2.3 25 35 5.1 -2.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.3 24 36 7.1 -0.3
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 2.2 15 45 6.3 -1.1
SDIV Global X Superdividend ETF 2.2 58 2 13.8 +6.3
OSCV Opus Small Cap Value ETF 2.2 79 -19 5.9 -1.5
FCPI Fidelity Stocks for Inflation ETF 2.1 15 45 5.9 -1.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 2.0 20 40 8.6 +1.1
DIV Global X SuperDividend US ETF 2.0 45 15 9.8 +2.3
FUNL CornerCap Fundametrics Large-Cap ETF 2.0 50 10 6.3 -1.2
XMMO Invesco S&P MidCap Momentum ETF 2.0 34 26 3.3 -4.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.9 15 45 6.1 -1.4
SMOX Horizon Small/Mid Cap Core Equity ETF 1.9 75 -15 5.3 -2.1
AUSF Global X Adaptive U.S. Factor ETF 1.9 27 33 8.1 +0.7
XJH iShares ESG Screened S&P Mid-Cap ETF 1.9 12 48 5.9 -1.5
SMDV ProShares Russell 2000 Dividend Growers ETF 1.9 40 20 6.9 -0.5
RJDI RJ Eagle Dividend Select Income ETF 1.9 55 5 4.5 -2.9
DES WisdomTree U.S. SmallCap Dividend Fund 1.9 38 22 8.1 +0.7
AFMC First Trust Active Factor Mid Cap ETF 1.8 65 -5 7.0 -0.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.8 35 25 6.1 -1.3
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 1.8 15 45 7.9 +0.5
IJJ iShares S&P Mid-Cap 400 Value ETF 1.8 18 42 7.9 +0.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.7 10 50 8.0 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 1.7 23 37 5.9 -1.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.7 15 45 6.7 -0.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 31 6.4 -1.0
MGMT Ballast Small/Mid Cap ETF 1.7 110 -50 7.5 +0.0
BGIG Bahl & Gaynor Income Growth ETF 1.7 45 15 4.5 -3.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.7 24 36 5.9 -1.5
IJH iShares Core S&P Mid-Cap ETF 1.7 5 55 6.1 -1.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 1.7 3 57 6.1 -1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 7 53 6.0 -1.4
FVD First Trust Value Line Dividend Index Fund 1.6 65 -5 5.8 -1.7
DIVG Invesco S&P 500 High Dividend Growers ETF 1.6 39 21 7.4 -0.1
IJK iShares S&P Mid-Cap 400 Growth ETF 1.6 17 43 4.0 -3.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.6 10 50 4.1 -3.4
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.6 15 45 4.1 -3.4
DON WisdomTree U.S. MidCap Dividend Fund 1.6 38 22 8.2 +0.7
WDIV SPDR S&P Global Dividend ETF 1.5 40 20 9.1 +1.6
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 54 7.8 +0.4
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 25 6.3 -1.1
VBR Vanguard Small Cap Value ETF 1.5 7 53 7.9 +0.4
SPVM Invesco S&P 500 Value with Momentum ETF 1.5 39 21 6.3 -1.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 25 11.1 +3.7
JPSV JPMorgan Active Small Cap Value ETF 1.4 74 -14 7.5 +0.1
ICAP InfraCap Equity Income Fund ETF 1.4 171 -111 4.5 -2.9
FMDE Fidelity Enhanced Mid Cap ETF 1.4 23 37 5.4 -2.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 1.4 4 56 5.6 -1.8
STXM Strive Mid-Cap ETF 1.4 18 42 5.8 -1.6
USMF WisdomTree U.S. Multifactor Fund 1.4 28 32 6.5 -0.9
BDIV AAM Brentview Dividend Growth ETF 1.3 49 11 3.7 -3.8
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 1.3 20 40 7.3 -0.1
IWS iShares Russell Mid-Cap Value ETF 1.3 23 37 6.0 -1.4
HDUS Hartford Disciplined US Equity ETF 1.3 19 41 4.7 -2.7
IWN iShares Russell 2000 Value ETF 1.3 24 36 4.8 -2.7
VTWV Vanguard Russell 2000 Value ETF 1.3 10 50 5.0 -2.5
FTA First Trust Large Cap Value AlphaDEX Fund 1.3 59 1 7.6 +0.2
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.3 15 45 9.0 +1.5
DEW WisdomTree Global High Dividend Fund 1.3 58 2 7.2 -0.2
IJS iShares S&P Small-Cap 600 Value ETF 1.2 18 42 8.9 +1.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.2 10 50 9.0 +1.5
IVRA Invesco Real Assets ESG ETF 1.2 59 1 6.2 -1.2
FSMD Fidelity Small-Mid Multifactor ETF 1.2 15 45 6.5 -1.0
FLDZ RiverNorth Patriot ETF 1.2 75 -15 5.6 -1.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 45 6.2 -1.2
AFSM First Trust Active Factor Small Cap ETF 1.2 75 -15 5.8 -1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 1.2 67 -7 8.7 +1.2
VOT Vanguard Mid-Cap Growth ETF 1.2 7 53 3.1 -4.4
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 54 7.0 -0.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.2 39 21 3.5 -3.9
EQAL Invesco Russell 1000 Equal Weight ETF 1.2 20 40 6.1 -1.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 1.1 39 21 9.5 +2.1
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -12 5.9 -1.6
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.1 30 30 7.6 +0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 1.1 70 -10 9.7 +2.3
SFYF SoFi Social 50 ETF 1.1 29 31 0.8 -6.7
ROSC Hartford Multifactor Small Cap ETF 1.1 34 26 7.2 -0.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 57 6.4 -1.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.1 73 -13 9.9 +2.5
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 7 53 6.2 -1.2
IWR iShares Russell Midcap ETF 1.0 19 41 5.4 -2.1
IJR iShares Core S&P Small Cap ETF 1.0 6 54 6.3 -1.1
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 18 6.0 -1.5
SCHM Schwab U.S. Mid-Cap ETF 1.0 4 56 5.8 -1.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.0 60 0 6.6 -0.8
EZM WisdomTree U.S. MidCap Fund 1.0 38 22 8.0 +0.5
FLRG Fidelity U.S. Multifactor ETF 1.0 15 45 5.8 -1.6
UDI USCF Dividend Income Fund 1.0 65 -5 6.6 -0.8
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 13 7.0 -0.5
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 48 6.2 -1.3
FLQL Franklin LibertyQ U.S. Equity ETF 1.0 15 45 4.5 -2.9
VXF Vanguard Extended Market ETF 1.0 5 55 3.7 -3.7
ISCB iShares Morningstar Small-Cap ETF 1.0 4 56 5.4 -2.0
REVS Columbia Research Enhanced Value ETF 1.0 19 41 6.6 -0.8
DHS WisdomTree U.S. High Dividend Fund 1.0 38 22 8.1 +0.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 45 5.1 -2.4
RCGE RockCreek Global Equality ETF 1.0 95 -35 6.2 -1.3
SCHA Schwab U.S. Small-Cap ETF 0.9 4 56 4.4 -3.1
AFLG First Trust Active Factor Large Cap ETF 0.9 55 5 5.0 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.9 39 21 2.3 -5.2
VB Vanguard Small-Cap ETF 0.9 5 55 5.2 -2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.9 30 30 3.8 -3.7
DEUS Xtrackers Russell US Multifactor ETF 0.9 17 43 6.4 -1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.9 7 53 5.3 -2.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 35 6.1 -1.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 10 50 3.7 -3.8
QDF FlexShares Quality Dividend Index Fund 0.9 37 23 5.3 -2.1
SPGP Invesco S&P 500 GARP ETF 0.9 34 26 5.7 -1.7
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.9 15 45 3.7 -3.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 42 3.7 -3.8
STXK Strive Small-Cap ETF 0.9 18 42 5.2 -2.2
ROE Astoria US Quality Kings ETF 0.9 49 11 5.2 -2.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.9 14 46 4.1 -3.3
VO Vanguard Mid-Cap ETF 0.8 4 56 21.0 +13.6
OEI Optimized Equity Income ETF 0.8 75 -15 3.6 -3.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 0 6.2 -1.2
ROUS Hartford Multifactor US Equity ETF 0.8 19 41 5.3 -2.1
VLUE iShares MSCI USA Value Factor ETF 0.8 15 45 6.2 -1.3
SMMD iShares Russell 2500 ETF 0.8 15 45 5.5 -1.9
RSSL Global X Russell 2000 ETF 0.8 8 52 2.7 -4.8
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 55 7.2 -0.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 -1 5.4 -2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 56 5.2 -2.2
SIZE iShares MSCI USA Size Factor ETF 0.7 15 45 5.4 -2.0
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 18 5.4 -2.0
EUSA iShares MSCI USA Equal Weighted ETF 0.7 9 51 5.5 -2.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 25 6.3 -1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -11 -0.6 -8.1
FDLO Fidelity Low Volatility Factor ETF 0.7 15 45 4.8 -2.6
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 56 5.2 -2.3
USMV iShares MSCI USA Min Vol Factor ETF 0.7 15 45 5.3 -2.1
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 48 6.7 -0.7
ETHO Etho Climate Leadership U.S. ETF 0.7 47 13 4.2 -3.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.7 59 1 4.9 -2.5
MAGA Point Bridge America First ETF 0.7 72 -12 5.2 -2.2
FELV Fidelity Enhanced Large Cap Value ETF 0.7 18 42 5.6 -1.9
EES WisdomTree U.S. SmallCap Fund 0.7 38 22 7.9 +0.5
PSC Principal U.S. Small-Cap ETF 0.7 38 22 3.7 -3.8
IWM iShares Russell 2000 ETF 0.6 19 41 2.6 -4.8
CGUS Capital Group Core Equity ETF 0.6 33 27 3.6 -3.9
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.6 12 48 6.2 -1.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 51 3.7 -3.7
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 45 5.7 -1.8
VTWO Vanguard Russell 2000 ETF 0.6 7 53 2.8 -4.7
DTD WisdomTree U.S. Total Dividend Fund 0.6 28 32 5.7 -1.8
QLC FlexShares US Quality Large Cap Index Fund 0.6 25 35 4.5 -2.9
SPVU Invesco S&P 500 Enhanced Value ETF 0.5 13 47 8.1 +0.7
STXV Strive 1000 Value ETF 0.5 18 42 6.8 -0.7
FVAL Fidelity Value Factor ETF 0.5 15 45 5.9 -1.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.5 20 40 6.0 -1.5
VOE Vanguard Mid-Cap Value ETF 0.5 7 53 6.8 -0.6
SMCF Themes US Small Cap Cash Flow Champions ETF 0.5 29 31 9.9 +2.4
FELC Fidelity Enhanced Large Cap Core ETF 0.5 18 42 4.3 -3.1
XOEF iShares S&P 500 ex S&P 100 ETF 0.5 20 40 4.6 -2.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 25 7.2 -0.3
RPV Invesco S&P 500 Pure Value ETF 0.5 35 25 8.8 +1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 23 5.4 -2.1
WSML iShares MSCI World Small-Cap ETF 0.4 15 45 5.3 -2.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 48 5.4 -2.1
IWD iShares Russell 1000 Value ETF 0.4 19 41 5.4 -2.1
VONV Vanguard Russell 1000 Value ETF 0.4 7 53 5.5 -2.0
RECS Columbia Research Enhanced Core ETF 0.4 15 45 5.3 -2.2
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 56 5.6 -1.9
SVAL iShares US Small Cap Value Factor ETF 0.4 20 40 7.3 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 51 5.2 -2.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 54 2.7 -4.7
IWC iShares Micro-Cap ETF 0.4 60 0 -1.4 -8.8
ISMD Inspire Small/Mid Cap ETF 0.4 54 6 5.0 -2.4
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 40 5.9 -1.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -10 2.1 -5.4
BIBL Inspire 100 ETF 0.4 35 25 4.2 -3.3
NUMV Nuveen ESG Mid-Cap Value ETF 0.4 31 29 5.5 -2.0
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.4 25 35 4.1 -3.3
IUSV iShares Core S&P US Value ETF 0.4 4 56 5.8 -1.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 43 4.9 -2.5
EQL Alps Equal Sector Weight ETF 0.4 25 35 5.1 -2.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 45 4.9 -2.5
TMFX Motley Fool Next Index ETF 0.4 50 10 3.0 -4.5
WLDR Affinity World Leaders Equity ETF 0.4 67 -7 5.8 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 32 5.4 -2.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 25 3.1 -4.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.3 12 48 3.6 -3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 40 4.0 -3.4
FTCE First Trust New Constructs Core Earnings Leaders ETF 0.3 60 0 4.4 -3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -4 1.3 -6.2
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.3 50 10 8.0 +0.5
PFM Invesco Dividend Achievers ETF 0.3 53 7 4.6 -2.8
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.3 15 45 5.0 -2.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 50 4.2 -3.2
SPYV State Street SPDR Portfolio S&P 500 Value ETF 0.3 4 56 5.7 -1.8
IVE iShares S&P 500 Value ETF 0.3 18 42 5.5 -1.9
FQAL Fidelity Quality Factor ETF 0.3 15 45 4.8 -2.6
VOOV Vanguard S&P 500 Value ETF 0.3 7 53 5.6 -1.8
DIVB iShares Core Dividend ETF 0.3 5 55 6.9 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 0.3 34 26 5.6 -1.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 48 3.3 -4.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 35 4.9 -2.6
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -5 3.4 -4.1
KLMN Invesco MSCI North America Climate ETF 0.3 9 51 4.3 -3.2
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 50 3.8 -3.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.3 9 51 4.3 -3.1
RWK Invesco S&P MidCap 400 Revenue ETF 0.3 39 21 7.8 +0.4
ILCV iShares Morningstar Value ETF 0.3 4 56 5.3 -2.1
PTL Inspire 500 ETF 0.3 9 51 4.4 -3.0
NUSC Nuveen ESG Small-Cap ETF 0.3 31 29 4.9 -2.5
BLES Inspire Global Hope ETF 0.3 61 -1 5.7 -1.7
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 0 6.0 -1.4
APUE ActivePassive U.S. Equity ETF 0.2 45 15 3.9 -3.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 25 4.3 -3.2
RITA ETFB Green SRI REITs ETF 0.2 50 10 5.5 -1.9
SCHB Schwab U.S. Broad Market ETF 0.2 3 57 4.2 -3.2
JHML John Hancock Multifactor Large Cap ETF 0.2 29 31 4.5 -3.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 51 4.9 -2.6
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 41 4.7 -2.7
VTI Vanguard Total Stock Market ETF 0.2 3 57 4.1 -3.3
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.2 60 0 9.3 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 4.7 -2.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 57 4.1 -3.3
IWV iShares Russell 3000 ETF 0.2 20 40 4.0 -3.5
VTHR Vanguard Russell 3000 ETF 0.2 7 53 4.1 -3.3
GSPY Gotham Enhanced 500 ETF 0.2 50 10 4.4 -3.1
VTV Vanguard Value ETF 0.2 4 56 5.8 -1.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.2 3 57 4.3 -3.1
VBK Vanguard Small-Cap Growth ETF 0.2 7 53 1.2 -6.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 49 4.1 -3.3
SCHK Schwab 1000 Index ETF 0.2 5 55 4.2 -3.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 28 3.9 -3.5
CALF Pacer US Small Cap Cash Cows 100 ETF 0.2 59 1 9.0 +1.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.2 6 54 3.3 -4.1
IWB iShares Russell 1000 ETF 0.2 15 45 4.1 -3.3
VONE Vanguard Russell 1000 ETF 0.2 7 53 4.2 -3.2
PBUS Invesco MSCI USA ETF 0.2 4 56 4.2 -3.3
IYY iShares Dow Jones U.S. ETF 0.2 20 40 4.1 -3.4
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 51 4.1 -3.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.2 15 45 4.2 -3.3
PY Principal Value ETF 0.2 15 45 7.0 -0.4
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 50 5.0 -2.5
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.2 20 40 4.2 -3.2
STOX Horizon Core Equity ETF 0.2 70 -10 3.6 -3.9
SCHX Schwab U.S. Large-Cap ETF 0.2 3 57 4.2 -3.2
SFTY Horizon Managed Risk ETF 0.2 77 -17 3.5 -4.0
PRXV Praxis Impact Large Cap Value ETF 0.2 36 24 5.6 -1.9
WSGE Warren Street Global Equity ETF 0.2 80 -20 2.9 -4.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 35 6.1 -1.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 49 4.3 -3.2
VEGN US Vegan Climate ETF 0.2 60 0 3.3 -4.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 58 4.1 -3.3
VOTE TCW Transform 500 ETF 0.2 5 55 4.1 -3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 31 5.6 -1.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 21 7.4 -0.0
TOPC iShares S&P 500 3% Capped ETF 0.2 15 45 4.4 -3.1
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.2 43 17 4.9 -2.6
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 57 4.1 -3.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 60 4.1 -3.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 53 4.1 -3.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 51 4.0 -3.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 51 3.9 -3.6
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 42 4.4 -3.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 53 4.4 -3.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 4.4 -3.1
SSPY Syntax Stratified LargeCap ETF 0.2 30 30 6.0 -1.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 52 4.1 -3.3
FFF Founders 100 ETF 0.1 75 -15 2.4 -5.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.1 59 1 1.8 -5.7
RVRB Reverb ETF 0.1 30 30 3.8 -3.7
GXLC Global X U.S. 500 ETF 0.1 2 58 4.1 -3.4
FDMO Fidelity Momentum Factor ETF 0.1 15 45 2.5 -5.0
TXS Texas Capital Texas Equity Index ETF 0.1 49 11 5.0 -2.4
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 40 4.0 -3.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 52 4.4 -3.1
VV Vanguard Large-Cap ETF 0.1 4 56 4.1 -3.4
SPY SPDR S&P 500 ETF 0.1 9 51 4.1 -3.3
SPYM State Street SPDR Portfolio S&P 500 ETF 0.1 2 58 4.2 -3.3
IVV iShares Core S&P 500 ETF 0.1 3 57 4.2 -3.3
VT Vanguard Total World Stock ETF 0.1 6 54 5.0 -2.4
TOK iShares MSCI Kokusai ETF 0.1 26 34 4.3 -3.2
RAUS RACWI US ETF 0.1 15 45 4.1 -3.3
VOO Vanguard S&P 500 ETF 0.1 3 57 4.2 -3.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 42 3.9 -3.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 31 4.0 -3.5
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 45 4.4 -3.0
URTH iShares MSCI World ETF 0.1 24 36 4.3 -3.1
STRV Strive 500 ETF 0.1 5 55 4.1 -3.4
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 20 3.7 -3.8
EPS WisdomTree U.S. LargeCap Fund 0.1 8 52 4.7 -2.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 35 6.2 -1.3
SFY SoFi Select 500 ETF 0.1 0 60 3.7 -3.7
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.6 -2.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 31 4.0 -3.4
CHRI Global X S&P 500 Christian Values ETF 0.1 29 31 3.9 -3.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 41 5.0 -2.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 18 4.0 -3.4
VUG Vanguard Growth ETF 0.1 4 56 20.1 +12.7
OPTZ Optimize Strategy Index ETF 0.1 50 10 3.4 -4.0
STXG Strive 1000 Growth ETF 0.1 18 42 3.2 -4.3
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 56 3.1 -4.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.1 10 50 3.6 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 48 4.4 -3.0
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 48 4.9 -2.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 30 5.2 -2.2
RWL Invesco S&P 500 Revenue ETF 0.1 39 21 5.7 -1.7
ILCG iShares Morningstar Growth ETF 0.0 4 56 3.0 -4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 4.9 -2.6
PRXG Praxis Impact Large Cap Growth ETF 0.0 36 24 3.1 -4.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 35 5.5 -1.9
TEXN iShares Texas Equity ETF 0.0 20 40 4.9 -2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 2.9 -4.6
IWO iShares Russell 2000 Growth ETF 0.0 24 36 0.5 -7.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 50 0.6 -6.8
ACVF American Conservative Values ETF 0.0 75 -15 3.7 -3.8
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 11 4.8 -2.6
SFGV Sequoia Global Value ETF 0.0 23 37 7.1 -0.3
DFAS Dimensional U.S. Small Cap ETF 0.0 26 34 5.6 -1.9
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 32 8.6 +1.2
DFAU Dimensional US Core Equity Market ETF 0.0 12 48 4.3 -3.2
DFSV Dimensional US Small Cap Value ETF 0.0 31 29 8.8 +1.4
DFUS Dimensional U.S. Equity ETF 0.0 9 51 4.1 -3.4
EBI Longview Advantage ETF 0.0 35 25 5.9 -1.5
FESM Fidelity Enhanced Small Cap ETF 0.0 28 32 2.3 -5.2

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 7.4 %
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.