Highest Active Share Value ETFs

Last Updated: 6/3/2023

The value exposure indicates how cheap the holdings of the ETF are relative to all other ETFs using a series of value metrics. Each ETF is evaluated using the PE Ratio, Price/Sales, Price/Book, Price/Cash Flow, EV/EBITDA and Shareholder Yield. The combined score is calculated using a combination of all the metrics.

Active share shows you how different an ETF is from a benchmark index. Being different is not necessarily good or bad, but anything that is different from a benchmark can be expected to produce a very different return stream. Active share is calculated by comparing the holdings of an ETF and the holdings of the benchmark. It does this by looking at the holdings that are in the ETF, but not in the benchmark, the holdings that are in the benchmark, but not in the ETF, and the differences in position weights for the holdings they both have in common. Active share can range from 0% to 100%. An ETF with an active share of 0% has the same holdings as the benchmark, held at the same weights, while an ETF with an active share of 100% has no holdings in common with the benchmark and is completely different.

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ETFs with High Value Exposure and High Active Share

Ticker	ETF Name	Total Assets	Expense Ratio	Total Holdings	Active Share vs. S&P 500	Active Fee	Active Share vs. Russell 2000	Size Exposure	Value Exposure	Quality Exposure	Momentum Exposure	Low Volatility Exposure
DEEP	Roundhill Deep Value ETF	$35,944,520	0.80%	101	100.00%	0.80%	96.66%	99	95	44	27	13
CALF	Pacer US Small Cap Cash Cows 100 ETF	$2,115,786,000	0.59%	101	100.00%	0.59%	92.94%	95	97	47	84	7
FDM	First Trust DJ Select MicroCap ETF	$135,126,000	0.60%	156	100.00%	0.60%	97.88%	99	93	32	20	15
FYT	First Trust Small Cap Value AlphaDEX ETF	$149,701,300	0.73%	263	100.00%	0.73%	82.76%	94	96	26	17	23
MLPA	Global X MLP ETF	$1,317,390,000	0.45%	21	100.00%	0.45%	99.89%	68	91	26	84	17
RFV	Invesco - Guggenheim (Rydex) S&P MidCap 400 Pure Value ETF	$213,328,900	0.35%	75	100.00%	0.35%	97.45%	81	96	7	9	7
ROSC	Hartford Multifactor Small Cap ETF	$26,178,640	0.34%	317	100.00%	0.34%	84.11%	94	95	49	67	40
RWK	Invesco S&P MidCap 400 Revenue ETF	$420,727,500	0.39%	401	100.00%	0.39%	86.84%	76	91	18	26	17
RZV	Invesco - Guggenheim (Rydex) S&P SmallCap 600 Pure Value ETF	$238,173,200	0.35%	150	100.00%	0.35%	93.53%	99	96	5	7	5
SIXS	6 Meridian Small Cap Equity ETF	$61,350,160	0.89%	87	100.00%	0.89%	94.31%	96	92	29	41	47

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