Invesco S&P SmallCap Value with Momentum ETF
ALTAR
Score™		 8.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 16.3x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Value with Momentum ETF tracks the S&P 600 High Momentum Value Index which holds 120 securities in the S&P SmallCap 600 that have the highest value scores and momentum scores.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Mar 03, 2005
Assets (mns) $1,373
Currency USD
Expense ratio 36 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 228
Wgt avg mkt cap (mns) $2,478
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.7%
Small cap (<$2bn) 55.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SALLY BEAUTY HOLDINGS INC 2.2 %
UNITED NATURAL FOODS INC 2.1 %
MARINEMAX INC 1.9 %
GENWORTH FINANCIAL INC-CL A 1.7 %
RESIDEO TECHNOLOGIES, INC. 1.6 %
LINCOLN NATIONAL CORP 1.6 %
CUSHMAN & WAKEFIELD PLC 1.6 %
G-III APPAREL GROUP LTD 1.4 %
STONEX GROUP INC 1.4 %
PRA GROUP INC 1.3 %
Total 16.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.6 %
BERMUDA 1.3 %








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.
17.1% 36.1% 6.8% 12.8% 9.0%

Market Correlations
versus... Beta R-squared
S&P500 0.97 38%
MSCI EAFE 0.72 34%
MSCI Emg. Mkts. 0.44 23%

Technical Indicators
Recent close $66.73
30d moving avg. $66.06
Annualized volatility 21.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 19.7%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.1%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $1,984

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 448 potential alternatives to the Invesco S&P SmallCap Value with Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with XSVM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XSVM Expense: 36 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XSVM
Ticker Fund
Name		 Overlap1
vs XSVM
(%)		 Expense
ratio
(bp)		 Savings
vs XSVM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XSVM
(%)
RZV Invesco S&P Smallcap 600 Pure Value ETF 33.1 35 1 7.2 -1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 27.2 39 -3 7.4 -0.8
XSLV Invesco S&P SmallCap Low Volatility ETF 24.1 25 11 7.4 -0.9
SLYV State Street SPDR S&P 600 Small Cap Value ETF 23.2 15 21 9.0 +0.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.2 10 26 9.0 +0.7
IJS iShares S&P Small-Cap 600 Value ETF 22.4 18 18 8.9 +0.6
FYT First Trust Small Cap Value AlphaDEX Fund 21.2 73 -37 9.9 +1.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 20.5 47 -11 7.7 -0.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 19.9 15 21 6.2 -2.1
KRE State Street SPDR S&P Regional Banking ETF 18.5 35 1 8.6 +0.3
ROSC Hartford Multifactor Small Cap ETF 17.7 34 2 7.2 -1.1
SIXS ETC 6 Meridian Small Cap Equity ETF 17.6 89 -53 8.1 -0.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 17.3 25 11 7.7 -0.5
KBE State Street SPDR S&P Bank ETF 17.0 35 1 8.7 +0.4
XJR iShares ESG Screened S&P Small-Cap ETF 17.0 12 24 6.2 -2.1
AVUV Avantis U.S. Small Cap Value ETF 16.5 25 11 8.0 -0.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 16.4 35 1 6.6 -1.7
VIOO Vanguard S&P Small-Cap 600 ETF 16.0 7 29 6.2 -2.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 15.9 3 33 6.4 -1.9
IJR iShares Core S&P Small Cap ETF 15.2 6 30 6.3 -1.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 14.7 30 6 13.7 +5.5
GRPZ Invesco S&P SmallCap 600 GARP ETF 14.2 35 1 6.2 -2.0
DFSV Dimensional US Small Cap Value ETF 13.8 31 5 8.8 +0.6
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 13.6 29 7 8.7 +0.4
VTWV Vanguard Russell 2000 Value ETF 13.5 10 26 5.0 -3.3
FYX First Trust Small Cap Core AlphaDEX Fund 13.3 61 -25 5.4 -2.9
IWN iShares Russell 2000 Value ETF 13.2 24 12 4.8 -3.5
EES WisdomTree U.S. SmallCap Fund 13.0 38 -2 7.9 -0.4
KBWR Invesco KBW Regional Banking ETF 12.9 35 1 8.2 -0.1
DES WisdomTree U.S. SmallCap Dividend Fund 12.9 38 -2 8.1 -0.1
SVAL iShares US Small Cap Value Factor ETF 12.8 20 16 7.3 -1.0
AVSC Avantis U.S Small Cap Equity ETF 12.7 25 11 4.7 -3.6
TPSC Timothy Plan US Small Cap Core ETF 12.1 52 -16 6.6 -1.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 11.7 60 -24 7.9 -0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.4 29 7 6.4 -1.9
SMDV ProShares Russell 2000 Dividend Growers ETF 11.1 40 -4 6.9 -1.4
FESM Fidelity Enhanced Small Cap ETF 10.8 28 8 2.3 -6.0
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 10.7 38 -2 9.1 +0.8
VAMO Cambria Value & Momentum ETF 10.4 61 -25 5.3 -3.0
DFAT Dimensional U.S. Targeted Value ETF 10.3 28 8 8.6 +0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.3 80 -44 6.9 -1.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 10.2 9 27 3.7 -4.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 10.2 35 1 6.1 -2.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 10.1 35 1 9.0 +0.7
XSMO Invesco S&P SmallCap Momentum ETF 10.1 39 -3 3.6 -4.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 9.9 39 -3 3.5 -4.7
HAPS Harbor Human Capital Factor US Small Cap ETF 9.8 60 -24 3.4 -4.8
AFSM First Trust Active Factor Small Cap ETF 9.3 75 -39 5.8 -2.5
ISMD Inspire Small/Mid Cap ETF 9.1 54 -18 5.0 -3.3
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 9.0 35 1 6.3 -1.9
PSC Principal U.S. Small-Cap ETF 9.0 38 -2 3.7 -4.6
XSHQ Invesco S&P SmallCap Quality ETF 8.8 29 7 6.9 -1.4
WCEO Hypatia Women CEO ETF 8.8 85 -49 4.7 -3.6
SQLV Royce Quant Small-Cap Quality Value ETF 8.7 60 -24 8.0 -0.3
SIXL ETC 6 Meridian Low Beta Equity ETF 8.6 80 -44 6.0 -2.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 8.6 12 24 3.4 -4.9
VFVA Vanguard U.S. Value Factor ETF 8.5 13 23 9.4 +1.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 8.4 20 16 4.0 -4.3
JPSV JPMorgan Active Small Cap Value ETF 7.9 74 -38 7.5 -0.8
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 7.9 55 -19 8.8 +0.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 7.7 10 26 3.7 -4.6
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 7.6 15 21 3.7 -4.5
PSCI Invesco S&P SmallCap Industrials ETF 7.5 29 7 4.6 -3.7
IJT iShares S&P Small-Cap 600 Growth ETF 7.5 18 18 3.7 -4.6
STXK Strive Small-Cap ETF 7.4 18 18 5.2 -3.1
RSSL Global X Russell 2000 ETF 7.4 8 28 2.7 -5.6
XRT State Street SPDR S&P Retail ETF 7.4 35 1 7.8 -0.5
IWM iShares Russell 2000 ETF 7.2 19 17 2.6 -5.6
FNK First Trust Mid Cap Value AlphaDEX Fund 7.2 70 -34 9.7 +1.5
BKSE BNY Mellon US Small Cap Core Equity ETF 7.2 4 32 5.2 -3.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 7.1 24 12 5.9 -2.3
VFMF Vanguard U.S. Multifactor ETF 6.8 18 18 6.6 -1.7
HOMZ Hoya Capital Housing ETF 6.7 30 6 10.4 +2.1
FNDA Schwab Fundamental US Small Co. Index ETF 6.7 25 11 6.1 -2.2
FAB First Trust Multi Cap Value AlphaDEX Fund 6.7 67 -31 8.7 +0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.6 39 -3 2.3 -6.0
SYLD Cambria Shareholder Yield ETF 6.5 59 -23 10.4 +2.1
VTWO Vanguard Russell 2000 ETF 6.5 7 29 2.8 -5.5
ISCV iShares Morningstar Small Cap Value ETF 6.5 6 30 7.8 -0.5
JHSC John Hancock Multifactor Small Cap ETF 6.4 42 -6 6.0 -2.3
RIET Hoya Capital High Dividend Yield ETF 6.3 50 -14 13.6 +5.4
KIE State Street SPDR S&P Insurance ETF 6.2 35 1 6.9 -1.4
SMCF Themes US Small Cap Cash Flow Champions ETF 6.1 29 7 9.9 +1.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 6.0 35 1 3.1 -5.2
MORT VanEck Mortgage REIT Income ETF 5.8 43 -7 18.5 +10.3
REM iShares Mortgage Real Estate ETF 5.8 48 -12 19.8 +11.6
DFAS Dimensional U.S. Small Cap ETF 5.8 26 10 5.6 -2.7
KBWD Invesco KBW High Dividend Yield Financial ETF 5.7 384 -348 17.5 +9.2
SCHA Schwab U.S. Small-Cap ETF 5.6 4 32 4.4 -3.9
FNX First Trust Mid Cap Core AlphaDEX Fund 5.5 60 -24 6.2 -2.1
FSMD Fidelity Small-Mid Multifactor ETF 5.3 15 21 6.5 -1.8
MVPA Miller Value Partners Appreciation ETF 5.2 60 -24 10.4 +2.2
SDIV Global X Superdividend ETF 5.0 58 -22 13.8 +5.5
VBR Vanguard Small Cap Value ETF 5.0 7 29 7.9 -0.4
ASCE Allspring SMID Core ETF 4.6 38 -2 2.9 -5.4
COPY Tweedy, Browne Insider + Value ETF 4.6 80 -44 14.9 +6.7
PSCC Invesco S&P SmallCap Consumer Staples ETF 4.6 29 7 8.3 +0.0
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.6 49 -13 8.0 -0.2
DSMC Distillate Small/Mid Cash Flow ETF 4.5 55 -19 10.9 +2.6
CVY Invesco Zacks Multi-Asset Income ETF 4.5 106 -70 10.0 +1.8
PSL Invesco Dorsey Wright Consumer Staples Momentum ETF 4.4 60 -24 5.6 -2.7
ECML Euclidean Fundamental Value ETF 4.4 95 -59 8.9 +0.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 4.3 60 -24 -0.9 -9.2
PEY Invesco High Yield Equity Dividend Achievers ETF 4.3 52 -16 8.8 +0.6
EZM WisdomTree U.S. MidCap Fund 4.3 38 -2 8.0 -0.3
ARB AltShares Merger Arbitrage ETF 4.2 77 -41 2.6 -5.7
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 4.2 29 7 3.7 -4.6
DEEP Roundhill Acquirers Deep Value ETF 4.1 80 -44 15.7 +7.5
ISCB iShares Morningstar Small-Cap ETF 4.1 4 32 5.4 -2.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 4.1 17 19 4.9 -3.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.1 60 -24 5.9 -2.4
ETHO Etho Climate Leadership U.S. ETF 4.1 47 -11 4.2 -4.0
NUSC Nuveen ESG Small-Cap ETF 4.0 31 5 4.9 -3.4
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 4.0 55 -19 3.2 -5.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 3.9 59 -23 8.5 +0.2
FTXO First Trust Nasdaq Bank ETF 3.8 60 -24 7.6 -0.7
PBJ Invesco Food & Beverage ETF 3.8 57 -21 7.9 -0.4
FDLS Inspire Fidelis Multi Factor ETF 3.8 76 -40 3.3 -5.0
SMOX Horizon Small/Mid Cap Core Equity ETF 3.8 75 -39 5.3 -3.0
AFMC First Trust Active Factor Mid Cap ETF 3.8 65 -29 7.0 -1.3
ITB iShares U.S. Home Construction ETF 3.6 40 -4 12.2 +4.0
TCV Towle Value ETF 3.5 85 -49 9.3 +1.1
VXF Vanguard Extended Market ETF 3.3 5 31 3.7 -4.5
VRAI Virtus Real Asset Income ETF 3.3 55 -19 8.3 0.0
FDM First Trust Dow Jones Select MicroCap Index Fund 3.3 60 -24 7.0 -1.2
SMMD iShares Russell 2500 ETF 3.3 15 21 5.5 -2.8
JSML Janus Henderson Small Cap Growth Alpha ETF 3.2 30 6 2.6 -5.6
VFQY Vanguard U.S. Quality Factor ETF 3.2 13 23 5.5 -2.7
XHB State Street SPDR S&P Homebuilders ETF 3.2 35 1 11.1 +2.9
CALF Pacer US Small Cap Cash Cows 100 ETF 3.1 59 -23 9.0 +0.8
GVLU Gotham 1000 Value ETF 3.1 50 -14 8.3 +0.0
DIV Global X SuperDividend US ETF 3.0 45 -9 9.8 +1.5
SCDS JPMorgan Fundamental Data Science Small Core ETF 3.0 40 -4 3.7 -4.6
VB Vanguard Small-Cap ETF 3.0 5 31 5.2 -3.1
FYC First Trust Small Cap Growth AlphaDEX Fund 2.9 71 -35 -0.6 -8.9
DHS WisdomTree U.S. High Dividend Fund 2.9 38 -2 8.1 -0.1
RNIN Bushido Capital US SMID Cap Equity ETF 2.8 70 -34 10.6 +2.4
XTN State Street SPDR S&P Transportation ETF 2.8 35 1 3.3 -5.0
DXUV Dimensional US Vector Equity ETF 2.8 28 8 5.2 -3.0
SMLF iShares U.S. SmallCap Equity Factor ETF 2.8 15 21 4.9 -3.3
DBSC Deepwater Beachfront Small Cap ETF 2.7 85 -49 1.1 -7.1
AIRL Themes Airlines ETF 2.7 35 1 1.6 -6.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.7 20 16 5.8 -2.5
PSCM Invesco S&P SmallCap Materials ETF 2.6 29 7 9.6 +1.3
IAK iShares U.S. Insurance ETF 2.6 40 -4 7.0 -1.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.6 70 -34 2.1 -6.2
ABLS Abacus FCF Small Cap Leaders ETF 2.6 59 -23 4.5 -3.7
FXO First Trust Financials AlphaDEX Fund 2.5 62 -26 8.3 +0.0
TXS Texas Capital Texas Equity Index ETF 2.5 49 -13 5.0 -3.2
OUSM ALPS O'Shares US Small-Cap Quality Dividend ETF 2.5 48 -12 8.0 -0.3
BFOR ALPS Barron's 400 ETF 2.5 65 -29 5.0 -3.3
SURE AdvisorShares Insiders Advantage ETF 2.5 90 -54 7.8 -0.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 2.4 95 -59 -0.5 -8.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.4 30 6 3.7 -4.6
WSML iShares MSCI World Small-Cap ETF 2.3 15 21 5.3 -2.9
PSCE Invesco S&P SmallCap Energy ETF 2.3 29 7 6.9 -1.4
DON WisdomTree U.S. MidCap Dividend Fund 2.2 38 -2 8.2 -0.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 2.2 79 -43 4.1 -4.2
FTXR First Trust Nasdaq Transportation ETF 2.2 60 -24 6.6 -1.7
TMDV ProShares Russell US Dividend Growers ETF 2.1 35 1 6.3 -1.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 2.1 25 11 4.9 -3.4
EBI Longview Advantage ETF 2.1 35 1 5.9 -2.3
FVD First Trust Value Line Dividend Index Fund 2.0 65 -29 5.8 -2.5
CVAR Cultivar ETF 2.0 87 -51 7.2 -1.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.0 56 -20 9.8 +1.5
PSCT Invesco S&P SmallCap Information Technology ETF 2.0 29 7 3.0 -5.2
VFMO Vanguard U.S. Momentum Factor ETF 2.0 13 23 1.7 -6.6
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 1.9 60 -24 0.8 -7.5
LST Leuthold Select Industries ETF 1.9 91 -55 4.7 -3.5
FSGS First Trust SMID Growth Strength ETF 1.9 60 -24 4.9 -3.4
IWC iShares Micro-Cap ETF 1.9 60 -24 -1.4 -9.6
XHS State Street SPDR S&P Health Care Services ETF 1.9 35 1 3.7 -4.6
RNSC Furst Trust Small Cap US Equity Select ETF 1.8 60 -24 4.6 -3.6
VFH Vanguard Financials ETF 1.8 9 27 6.2 -2.0
FNCL Fidelity MSCI Financials Index ETF 1.8 8 28 6.2 -2.1
IWO iShares Russell 2000 Growth ETF 1.8 24 12 0.5 -7.8
XME State Street SPDR S&P Metals & Mining ETF 1.7 35 1 5.0 -3.3
ALIL Argent Focused Small Cap ETF 1.7 74 -38 5.6 -2.6
ISCG iShares Morningstar Small-Cap Growth ETF 1.7 6 30 2.7 -5.5
JETS U.S. Global Jets ETF 1.6 60 -24 2.5 -5.7
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 1.6 45 -9 4.3 -4.0
BLOK Amplify Transformational Data Sharing ETF 1.6 75 -39 -0.1 -8.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 1.6 60 -24 4.1 -4.2
IYT iShares US Transportation ETF 1.5 40 -4 4.4 -3.9
OSCV Opus Small Cap Value ETF 1.5 79 -43 5.9 -2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 64 -28 1.3 -7.0
VLU State Street SPDR S&P 1500 Value Tilt ETF 1.5 12 24 6.2 -2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.5 29 7 5.6 -2.7
WBIY WBI Power Factor High Dividend ETF 1.5 100 -64 12.2 +3.9
SRHQ SRH U.S. Quality ETF 1.4 35 1 6.2 -2.0
VTWG Vanguard Russell 2000 Growth ETF 1.4 10 26 0.6 -7.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.4 20 16 0.8 -7.5
PSCH Invesco S&P SmallCap Health Care ETF 1.4 29 7 2.4 -5.9
PKW Invesco Buyback Achievers ETF 1.4 62 -26 7.4 -0.9
KCE State Street SPDR S&P Capital Markets ETF 1.4 35 1 6.0 -2.2
TMFG Motley Fool Global Opportunities ETF 1.4 85 -49 3.7 -4.5
TMFM Motley Fool Mid-Cap Growth ETF 1.4 85 -49 2.1 -6.1
TMFS Motley Fool Small-Cap Growth ETF 1.4 85 -49 1.3 -6.9
RSMC Rockefeller U.S. Small-Mid Cap ETF 1.4 75 -39 4.0 -4.2
FFOX FundX Future Fund Opportunities ETF 1.4 100 -64 2.5 -5.7
AIRR First Trust RBA American Industrial Renaissance ETF 1.4 70 -34 3.4 -4.9
DIVY Sound Equity Dividend Income ETF 1.4 45 -9 8.1 -0.2
VCR Vanguard Consumer Discretionary ETF 1.4 9 27 4.5 -3.8
WDIV SPDR S&P Global Dividend ETF 1.3 40 -4 9.1 +0.8
SRET Global X SuperDividend REIT ETF 1.3 59 -23 12.6 +4.4
DEW WisdomTree Global High Dividend Fund 1.3 58 -22 7.2 -1.0
DFAC Dimensional U.S. Core Equity 2 ETF 1.3 17 19 4.7 -3.6
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.3 15 21 6.3 -1.9
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF 1.2 35 1 10.1 +1.8
AVSU Avantis Responsible U.S. Equity ETF 1.2 15 21 4.9 -3.4
DFUV Dimensional US Marketwide Value ETF 1.2 22 14 6.1 -2.2
PAVE Global X U.S. Infrastructure Development ETF 1.2 47 -11 4.1 -4.1
AKAF The Frontier Economic Fund 1.1 20 16 5.2 -3.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 28 4.5 -3.8
ERTH Invesco MSCI Sustainable Future ETF 1.1 62 -26 3.0 -5.3
XTL State Street SPDR S&P Telecom ETF 1.1 35 1 1.6 -6.7
AVUS Avantis U.S. Equity ETF 1.1 15 21 4.7 -3.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.1 7 29 5.3 -3.0
SAGP Strategas Global Policy Opportunities ETF 1.1 65 -29 4.9 -3.4
FNDB Schwab Fundamental US Broad Market Index ETF 1.1 25 11 6.1 -2.1
BETZ Roundhill Sports Betting & iGaming ETF 1.1 75 -39 3.5 -4.8
OPTZ Optimize Strategy Index ETF 1.0 50 -14 3.4 -4.9
PXJ Invesco Oil & Gas Services ETF 1.0 63 -27 2.8 -5.5
FFTY Innovator IBD 50 ETF 1.0 80 -44 -0.0 -8.3
FPX First Trust US Equity Opportunities ETF 1.0 61 -25 0.8 -7.5
DCOR Dimensional US Core Equity 1 ETF 1.0 14 22 4.6 -3.7
VFMV Vanguard U.S. Minimum Volatility ETF 1.0 13 23 5.7 -2.6
MOTO SmartETFs Smart Transportation & Technology ETF 1.0 68 -32 5.2 -3.1
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 -9 -1.4 -9.6
GLRY Inspire Faithward Mid Cap Momentum ETF 1.0 80 -44 3.8 -4.5
AUSF Global X Adaptive U.S. Factor ETF 1.0 27 9 8.1 -0.1
CSD Invesco S&P Spin-Off ETF 0.9 65 -29 3.5 -4.8
MGMT Ballast Small/Mid Cap ETF 0.9 110 -74 7.5 -0.8
FVAL Fidelity Value Factor ETF 0.9 15 21 5.9 -2.4
MFVL Motley Fool Value Factor ETF 0.9 50 -14 5.8 -2.5
FSTA FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF 0.9 8 28 5.5 -2.7
DFSU Dimensional US Sustainability Core 1 ETF 0.9 18 18 4.6 -3.6
VDC Vanguard Consumer Staples ETF 0.9 9 27 5.5 -2.7
XES State Street SPDR S&P Oil & Gas Equipment & Services ETF 0.9 35 1 1.2 -7.1
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.9 27 9 6.5 -1.7
QDF FlexShares Quality Dividend Index Fund 0.9 37 -1 5.3 -2.9
CGV Conductor Global Equity Value ETF 0.9 130 -94 7.7 -0.6
CTEF Castellan Targeted Equity ETF 0.9 45 -9 2.8 -5.5
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 -7 4.9 -3.4
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 -3 7.7 -0.6
FLDZ RiverNorth Patriot ETF 0.8 75 -39 5.6 -2.6
GURU Global X Guru Index ETF 0.8 75 -39 2.4 -5.8
KBWP Invesco KBW Property & Casualty Insurance ETF 0.8 35 1 7.3 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 0.8 34 2 5.6 -2.7
AVMV Avantis U.S. Mid Cap Value ETF 0.8 20 16 7.2 -1.0
STCE Schwab Crypto Thematic ETF 0.8 30 6 2.4 -5.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 31 7.2 -1.0
MAKX ProShares S&P Kensho Smart Factories ETF 0.8 58 -22 1.1 -7.2
FITE State Street SPDR S&P Kensho Future Security ETF 0.8 45 -9 1.0 -7.3
BOUT Innovator IBD Breakout Opportunities ETF 0.8 81 -45 2.9 -5.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 0.8 39 -3 1.1 -7.2
ROE Astoria US Quality Kings ETF 0.8 49 -13 5.2 -3.0
TAX Cambria Tax Aware ETF 0.8 49 -13 4.1 -4.2
SGRT SMART Earnings Growth 30 ETF 0.8 59 -23 2.3 -6.0
GRNJ Fundstrat Granny Shots US Small & Mid Cap ETF 0.8 75 -39 1.8 -6.5
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.8 15 21 7.7 -0.5
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 0.8 40 -4 4.0 -4.3
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 0.7 60 -24 5.1 -3.2
SCDV Bahl & Gaynor Small Cap Dividend ETF 0.7 70 -34 4.0 -4.2
FCPI Fidelity Stocks for Inflation ETF 0.7 15 21 5.9 -2.4
FMET Fidelity Metaverse ETF 0.7 39 -3 4.3 -4.0
VERS ProShares Metaverse ETF 0.7 58 -22 0.3 -8.0
XSD State Street SPDR S&P Semiconductor ETF 0.7 35 1 2.0 -6.2
TMFX Motley Fool Next Index ETF 0.7 50 -14 3.0 -5.3
STXM Strive Mid-Cap ETF 0.7 18 18 5.8 -2.4
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 24 6.7 -1.6
DTD WisdomTree U.S. Total Dividend Fund 0.7 28 8 5.7 -2.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.7 38 -2 5.2 -3.1
TMAT Main Thematic Innovation ETF 0.7 164 -128 -1.9 -10.2
FTXG First Trust Nasdaq Food & Beverage ETF 0.7 60 -24 7.6 -0.6
MOO VanEck Agribusiness ETF 0.7 53 -17 9.2 +0.9
ABLD Abacus FCF Real Assets Leaders ETF 0.7 69 -33 6.7 -1.6
ZIG Acquirers Fund 0.7 84 -48 20.7 +12.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.7 4 32 5.6 -2.7
IBUY Amplify Online Retail ETF 0.6 65 -29 2.3 -5.9
VPU Vanguard Utilities ETF 0.6 9 27 4.9 -3.3
FUTY Fidelity MSCI Utilities Index ETF 0.6 8 28 4.9 -3.3
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -53 4.3 -3.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.6 25 11 6.2 -2.1
AVIE Avantis  Inflation Focused Equity ETF 0.6 25 11 6.0 -2.2
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 14 5.0 -3.2
KBWY Invesco KBW Premium Yield Equity REIT ETF 0.6 35 1 8.6 +0.3
RDOG ALPS REIT Dividend Dogs ETF 0.6 35 1 11.6 +3.3
DESK VanEck Office and Commercial REIT ETF 0.6 50 -14 13.8 +5.5
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -22 7.4 -0.9
BOAT SonicShares Global Shipping ETF 0.6 69 -33 21.3 +13.1
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 -6 5.4 -2.9
BNGE First Trust S-Network Streaming and Gaming ETF 0.6 70 -34 3.1 -5.2
FXU First Trust Utilities AlphaDEX Fund 0.6 64 -28 5.3 -3.0
CUT Invesco MSCI Global Timber ETF 0.6 61 -25 8.6 +0.4
BRF VanEck Brazil Small-Cap ETF 0.6 66 -30 11.5 +3.2
NDIV Amplify Natural Resources Dividend Income ETF 0.6 59 -23 11.5 +3.2
WOOD iShares Global Timber & Forestry ETF 0.6 42 -6 11.7 +3.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.6 45 -9 -0.1 -8.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.6 70 -34 3.8 -4.5
TPYP Tortoise North American Pipeline Fund 0.6 40 -4 4.9 -3.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 16 6.1 -2.2
DFAU Dimensional US Core Equity Market ETF 0.6 12 24 4.3 -4.0
VYM Vanguard High Dividend Yield Index ETF 0.5 6 30 6.0 -2.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 12 7.1 -1.2
DGLO First Trust RBA Deglobalization ETF 0.5 70 -34 5.3 -3.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.5 61 -25 6.0 -2.3
HART IQ Healthy Hearts ETF 0.5 45 -9 5.8 -2.5
IEZ iShares U.S. Oil Equipment & Services ETF 0.5 40 -4 2.6 -5.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -3 8.1 -0.2
SMOT VanEck Morningstar SMID Moat ETF 0.5 49 -13 6.3 -1.9
TTAC FCF US Quality ETF 0.5 59 -23 5.6 -2.7
NIXT Research Affiliates Deletions ETF 0.5 9 27 6.6 -1.7
IFRA iShares U.S. Infrastructure ETF 0.5 30 6 5.5 -2.8
SHPP Pacer Industrials and Logistics ETF 0.5 60 -24 6.6 -1.7
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 21 5.7 -2.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 16 -3.6 -11.9
SFGV Sequoia Global Value ETF 0.4 23 13 7.1 -1.2
DVY iShares Select Dividend ETF 0.4 38 -2 8.1 -0.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.4 12 24 3.6 -4.7
VBK Vanguard Small-Cap Growth ETF 0.4 7 29 1.2 -7.0
HWAY Themes US Infrastructure ETF 0.4 29 7 4.6 -3.7
IUS Invesco RAFI Strategic US ETF 0.4 19 17 5.6 -2.7
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 1 3.3 -5.0
VIS Vanguard Industrials ETF 0.4 9 27 3.6 -4.7
DFUS Dimensional U.S. Equity ETF 0.4 9 27 4.1 -4.2
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 -1 5.4 -2.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.4 3 33 4.3 -3.9
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.4 20 16 8.6 +0.3
IWV iShares Russell 3000 ETF 0.4 20 16 4.0 -4.3
VTI Vanguard Total Stock Market ETF 0.4 3 33 4.1 -4.2
TEXN iShares Texas Equity ETF 0.4 20 16 4.9 -3.3
VTHR Vanguard Russell 3000 ETF 0.4 7 29 4.1 -4.2
VAW Vanguard Materials ETF 0.4 9 27 5.1 -3.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 33 4.1 -4.2
FFF Founders 100 ETF 0.4 75 -39 2.4 -5.8
FBCG Fidelity Blue Chip Growth ETF 0.4 59 -23 2.1 -6.1
SCHB Schwab U.S. Broad Market ETF 0.4 3 33 4.2 -4.1
FLRG Fidelity U.S. Multifactor ETF 0.4 15 21 5.8 -2.4
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.4 59 -23 4.3 -4.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 15 2.9 -5.4
FDL First Trust Morningstar Dividend Leaders Index Fund 0.3 45 -9 9.0 +0.7
ZAP Global X U.S. Electrification ETF 0.3 50 -14 3.4 -4.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.3 18 18 6.0 -2.3
FMAT Fidelity MSCI Materials Index ETF 0.3 8 28 5.1 -3.2
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 32 5.8 -2.5
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 28 3.6 -4.7
FCOM Fidelity MSCI Communication Services Index ETF 0.3 8 28 4.5 -3.8
MILN Global X Millennial Consumer ETF 0.3 50 -14 4.2 -4.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 21 5.1 -3.2
NANR SPDR S&P North American Natural Resources ETF 0.3 35 1 6.4 -1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -10 7.8 -0.5
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 27 4.1 -4.2
ENHU iShares Enhanced Large Cap Core Active ETF 0.3 22 14 4.1 -4.2
VOX Vanguard Communication Services ETF 0.3 9 27 4.5 -3.8
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -16 3.7 -4.6
IHF iShares U.S. Healthcare Providers ETF 0.3 40 -4 7.1 -1.2
SDY State Street SPDR S&P Dividend ETF 0.3 35 1 6.1 -2.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 -9 7.3 -1.0
IDU iShares U.S. Utilities ETF 0.3 40 -4 4.5 -3.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 -3 8.0 -0.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -34 6.7 -1.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.3 40 -4 9.9 +1.7
FBCV Fidelity Blue Chip Value ETF 0.3 59 -23 5.8 -2.5
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 28 3.0 -5.3
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 18 5.6 -2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 18 6.9 -1.4
ITAN Sparkline Intangible Value ETF 0.2 50 -14 5.8 -2.5
POWR iShares U.S. Power Infrastructure ETF 0.2 40 -4 3.9 -4.4
VGT Vanguard Information Technology ETF 0.2 9 27 24.4 +16.2
SNSR Global X Internet of Things ETF 0.2 68 -32 3.2 -5.1
LRGF iShares U.S. Equity Factor ETF 0.2 8 28 4.6 -3.7
IWS iShares Russell Mid-Cap Value ETF 0.2 23 13 6.0 -2.2
PFM Invesco Dividend Achievers ETF 0.2 53 -17 4.6 -3.6
VUSE Vident U.S. Equity Strategy ETF 0.2 50 -14 3.7 -4.6
IYF iShares U.S. Financials ETF 0.2 40 -4 5.8 -2.5
VT Vanguard Total World Stock ETF 0.2 6 30 5.0 -3.3
SCHD Schwab US Dividend Equity ETF 0.2 6 30 8.0 -0.2
WSGE Warren Street Global Equity ETF 0.2 80 -44 2.9 -5.4
IGE iShares North American Natural Resources ETF 0.2 41 -5 5.7 -2.5
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 16 7.3 -1.0
IWR iShares Russell Midcap ETF 0.1 19 17 5.4 -2.9
FENY Fidelity MSCI Energy Index ETF 0.1 8 28 6.8 -1.5
VDE Vanguard Energy ETF 0.1 9 27 6.8 -1.5
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.1 11 25 7.0 -1.3
DIVB iShares Core Dividend ETF 0.1 5 31 6.9 -1.4
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 19 6.4 -1.9
ROUS Hartford Multifactor US Equity ETF 0.1 19 17 5.3 -3.0
VALQ American Century U.S. Quality Value ETF 0.1 29 7 7.0 -1.2
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 13 5.4 -2.9
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 16 6.0 -2.3
PPTY US Diversified Real Estate ETF 0.1 53 -17 7.4 -0.9
REVS Columbia Research Enhanced Value ETF 0.1 19 17 6.6 -1.7
FREL Fidelity MSCI Real Estate Index ETF 0.1 8 28 6.9 -1.4
DGRO iShares Core Dividend Growth ETF 0.1 8 28 5.5 -2.8
AVUQ Avantis U.S. Quality ETF 0.1 15 21 3.6 -4.7
RWR State Street SPDR Dow Jones REIT ETF 0.1 25 11 6.6 -1.7
USRT iShares Core U.S. REIT ETF 0.1 8 28 6.9 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 21 4.5 -3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -10 5.0 -3.2
VIG Vanguard Dividend Appreciation ETF 0.1 5 31 4.9 -3.4
VNQ Vanguard Real Estate ETF 0.1 13 23 6.7 -1.6
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -11 7.0 -1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 27 4.9 -3.4
RECS Columbia Research Enhanced Core ETF 0.1 15 21 5.3 -3.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 22 4.1 -4.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 24 3.3 -5.0
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 -6 3.5 -4.8
MFMO Motley Fool Momentum Factor ETF 0.1 50 -14 2.0 -6.3
IGM iShares Expanded Tech Sector ETF 0.1 41 -5 2.6 -5.7
DFAR Dimensional US Real Estate ETF 0.1 19 17 7.1 -1.2
FRI First Trust S&P REIT Index Fund 0.1 50 -14 6.4 -1.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 24 5.4 -2.9
STXV Strive 1000 Value ETF 0.1 18 18 6.8 -1.5
SCHH Schwab U.S. REIT ETF 0.1 7 29 7.1 -1.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 -14 4.6 -3.7
IEDI iShares U.S. Consumer Focused ETF 0.1 18 18 5.2 -3.0
SCHK Schwab 1000 Index ETF 0.1 5 31 4.2 -4.0
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 18 4.3 -3.9
DSI iShares MSCI KLD 400 Social ETF 0.1 25 11 4.1 -4.2
IYG iShares US Financial Services ETF 0.1 40 -4 5.3 -3.0
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -64 2.9 -5.3
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -14 6.3 -2.0
REET iShares Global REIT ETF 0.1 14 22 7.0 -1.3
IWD iShares Russell 1000 Value ETF 0.1 19 17 5.4 -2.9
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 6 6.9 -1.4
VONV Vanguard Russell 1000 Value ETF 0.1 7 29 5.5 -2.8
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.1 30 6 7.6 -0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 25 4.1 -4.2
DFGR Dimensional Global Real Estate ETF 0.1 22 14 7.0 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 0.1 29 7 6.1 -2.2
PTL Inspire 500 ETF 0.1 9 27 4.4 -3.9
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 28 5.4 -2.9
VHT Vanguard Health Care ETF 0.0 9 27 5.2 -3.1
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.0 50 -14 3.4 -4.8
IYC iShares U.S. Consumer Discretionary ETF 0.0 40 -4 3.6 -4.6
MFIG Motley Fool Innovative Growth Factor ETF 0.0 50 -14 2.7 -5.5
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 8 4.9 -3.3
VONE Vanguard Russell 1000 ETF 0.0 7 29 4.2 -4.1
IWB iShares Russell 1000 ETF 0.0 15 21 4.1 -4.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 -11 5.0 -3.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 21 4.2 -4.1
RAUS RACWI US ETF 0.0 15 21 4.1 -4.1
IYJ iShares U.S. Industrials ETF 0.0 40 -4 4.0 -4.2
IYY iShares Dow Jones U.S. ETF 0.0 20 16 4.1 -4.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 16 4.2 -4.1
ACVF American Conservative Values ETF 0.0 75 -39 3.7 -4.6
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 -4 3.7 -4.5

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:		 Invesco S&P SmallCap Value with Momentum 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 9.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 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.