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ETFs ranked by X-Ray Score

Every stock in our S&P 500 coverage has an X-Ray Score from 0 to 100. This page applies those scores to what each ETF holds: the average score of a fund's stocks, weighted by how much of the fund each one makes up. 208 equity ETFs with at least 70% of their weight in scored stocks are ranked, from 60.2 (VFLO) to 42.1 (VCR); the median is 51.9. The score describes the holdings, not the fund: it ignores cost, tracking and price, which are shown beside it. Scores as of 23 Oct 2026. Educational, not advice.

Funds ranked208equity ETFs, 70%+ scored
Highest score60.2VFLO
Median score51.9middle of the 208 funds
Lowest score42.1VCR

All 208 ranked ETFs

#ETFGroupX-RayIn groupValuationGrowthProfitHealthDividendsScoredCost1Y return
1 VFLO VictoryShares Free Cash Flow Equity 60.2 – 72 62 55 54 49 81% 0.39% +45.0%
2 QGRO American Century U.S. Quality Gr... Growth 58.2 1 of 11 41 68 62 66 52 80% 0.29% +0.7%
3 GARP iShares MSCI USA Quality GARP Equity 57.5 – 45 67 59 64 52 92% 0.15% +17.7%
4 FELG Fidelity Covington Equity 57.0 – 41 68 59 65 54 85% 0.18% +4.2%
5 RPG Invesco S&P 500 Pure Growth S&P 500 56.9 1 of 22 46 71 56 61 50 97% 0.35% +10.5%
6 FTEC Fidelity MSCI Information Techno... Technology 56.2 1 of 11 45 60 61 62 54 88% 0.08% +25.8%
6 VOOG Vanguard S&P 500 Growth S&P 500 56.2 2 of 22 41 68 58 63 53 91% 0.05% +12.9%
8 IHI iShares U.S. Medical Devices Healthcare 56.1 1 of 7 47 65 55 60 51 88% 0.38% −11.2%
9 VGT Vanguard Information Technology Technology 56.0 2 of 11 46 61 60 61 54 87% 0.09% +25.6%
10 IHF iShares U.S. Healthcare Provider... Healthcare 55.9 2 of 7 69 54 53 44 60 74% 0.38% +20.1%
11 IVW iShares S&P 500 Growth S&P 500 55.9 3 of 22 41 68 57 63 53 91% 0.18% +12.8%
11 OMFL Oppenheimer Russell 1000 Dynamic... Total market 55.9 1 of 10 45 57 63 63 50 86% 0.29% +18.4%
11 SPYG SPDR Portfolio S&P 500 Growth S&P 500 55.9 3 of 22 41 68 57 63 53 91% 0.04% +13.0%
14 IUSG iShares Core S&P U.S. Growth Growth 55.9 2 of 11 41 68 57 63 53 87% 0.04% +13.0%
15 IXN iShares Global Tech Technology 55.7 3 of 11 45 61 59 62 53 75% 0.39% +30.6%
16 SPMO Invesco S&P 500 Momentum S&P 500 55.7 5 of 22 45 66 52 65 51 92% 0.13% +16.2%
17 USMC Principal U.S. Mega-Cap Equity 55.6 – 40 64 60 62 53 89% 0.12% +11.5%
18 IWY iShares Russell Top 200 Growth Growth 55.6 3 of 11 39 66 58 65 53 93% 0.20% +2.2%
19 QGRW WisdomTree U.S. Quality Growth Growth 55.5 4 of 11 39 70 57 61 54 89% 0.28% +13.6%
20 IYW iShares U.S. Technology Technology 55.5 4 of 11 42 61 60 62 52 89% 0.38% +25.1%
21 FEPI REX FANG & Innovation Equity Pre... Covered call / option income 55.5 1 of 10 40 66 55 66 56 70% 0.65% +8.1%
22 IWF iShares Russell 1000 Growth Total market 55.4 2 of 10 39 66 58 64 53 88% 0.18% +1.5%
23 FBCG Fidelity Blue Chip Growth Semiconductors 55.4 1 of 5 41 68 56 61 54 77% 0.57% +10.9%
24 QUAL iShares MSCI USA Quality Factor Equity 55.3 – 39 58 64 63 52 95% 0.15% +14.7%
25 RECS Columbia Research Enhanced Core Equity 55.2 – 49 55 60 59 53 86% 0.15% +13.6%
26 DUHP DFA Investment Dimensions Group... Equity 55.1 – 44 58 63 57 52 97% 0.20% +12.1%
27 SPHQ Invesco S&P 500 Quality S&P 500 55.0 6 of 22 40 57 62 65 49 99% 0.15% +12.6%
28 VONG Vanguard Russell 1000 Growth Total market 54.9 3 of 10 38 65 60 62 54 92% 0.06% +1.7%
29 RDVI FT Cboe Vest Rising Dividend Ach... Dividend 54.9 1 of 20 50 54 56 62 53 92% 0.75% +18.5%
30 VLUE iShares MSCI USA Value Factor Value 54.8 1 of 15 68 50 48 54 50 95% 0.15% +53.5%
31 COWZ Pacer US Cash Cows 100 Equity 54.8 – 67 50 51 50 51 93% 0.49% +25.3%
32 IGM iShares Expanded Tech Sector Technology 54.7 5 of 11 43 61 57 62 51 88% 0.39% +22.0%
32 RDVY First Trust Rising Dividend Achi... Dividend 54.7 2 of 20 48 54 56 63 53 92% 0.47% +17.9%
34 XLK Technology Select Sector SPDR Technology 54.6 6 of 11 44 59 57 61 53 100% 0.08% +27.4%
35 TOPT iShares Top 20 U.S. Stocks Equity 54.5 – 37 64 58 65 53 87% 0.20% +12.7%
36 FQAL Fidelity Quality Factor Equity 54.5 – 42 56 63 58 53 89% 0.15% +14.2%
37 SPUS SP Funds S&P 500 Sharia Industry... S&P 500 54.5 7 of 22 44 58 59 60 53 92% 0.45% +17.5%
38 MGK Vanguard Mega Cap Growth Growth 54.1 5 of 11 36 64 58 63 52 93% 0.05% +9.3%
39 CGGR Capital Group Growth Growth 54.0 6 of 11 42 64 54 61 52 78% 0.39% +3.1%
40 FTCS First Trust Capital Strength Equity 54.0 – 48 54 59 55 54 97% 0.53% +8.9%
40 VUG Vanguard Growth Growth 54.0 7 of 11 36 64 58 63 52 92% 0.03% +7.8%
42 SCHG Schwab U.S. Large-Cap Growth Growth 53.8 8 of 11 37 65 57 61 53 91% 0.04% +8.1%
43 PWB Invesco Dynamic Large Cap Growth Growth 53.8 9 of 11 34 62 59 65 52 95% 0.55% +16.2%
44 ROUS Hartford Multifactor US Equity Equity 53.7 – 51 52 57 56 50 76% 0.19% +21.1%
45 IEO iShares U.S. Oil & Gas Explorati... Energy 53.5 1 of 4 62 40 56 60 39 73% 0.38% +69.4%
46 XLG Invesco S&P 500 Top 50 S&P 500 53.5 8 of 22 38 60 58 62 54 92% 0.20% +7.9%
47 GQGU The Advisors’ Inner Circle Fund... Equity 53.5 – 57 49 54 52 56 85% 0.49% −0.2%
48 ONEQ Fidelity Nasdaq Composite Index Equity 53.5 – 38 61 57 63 52 82% 0.21% +14.0%
49 FELC Fidelity Covington Equity 53.4 – 42 59 55 60 52 86% 0.18% +15.9%
50 JQUA JPMorgan U.S. Quality Factor Equity 53.3 – 44 56 59 57 51 79% 0.12% +21.8%
50 TRFK Pacer Data and Digital Revolutio... Equity 53.3 – 42 69 51 56 53 75% 0.49% +23.3%
52 HELO Jpmorgan Hedged Equity Laddered... Equity 53.3 – 43 60 56 58 52 92% 0.50% +5.8%
53 SNPE Xtrackers S&P 500 ESG S&P 500 53.3 9 of 22 45 60 54 56 52 95% 0.10% +15.2%
54 GSLC Goldman Sachs ActiveBeta U.S. La... Equity 53.2 – 44 57 56 58 51 90% 0.09% +12.6%
55 JGRO J.P. Morgan Exchange-Traded Fund... Growth 53.2 10 of 11 36 65 54 63 51 85% 0.44% −1.7%
56 ROCY JPMorgan Equity Premium Yield Covered call / option income 53.1 2 of 10 43 59 56 58 52 87% 0.35% –
57 FDG American Century Focused Dynamic... Growth 53.1 11 of 11 32 70 52 66 50 80% 0.45% +2.8%
57 USMV iShares MSCI USA Min Vol Factor Equity 53.1 – 48 59 55 52 53 92% 0.15% +10.6%
59 QQQM Invesco NASDAQ 100 Nasdaq-100 53.0 1 of 6 38 60 56 62 51 92% 0.15% +15.9%
60 JEPQ JPMorgan Nasdaq Equity Premium I... Covered call / option income 52.9 3 of 10 38 61 55 63 49 78% 0.35% +12.9%
61 QYLD Global X NASDAQ 100 Covered Call Covered call / option income 52.9 4 of 10 38 61 56 62 51 92% 0.60% +18.0%
62 DGRW WisdomTree U.S. Quality Dividend... Dividend 52.8 3 of 20 45 54 59 54 54 93% 0.28% +11.2%
63 MGC Vanguard Mega Cap Equity 52.8 – 40 59 56 59 53 93% 0.05% +14.5%
64 EFIV SPDR S&P 500 ESG S&P 500 52.8 10 of 22 44 59 54 56 52 94% 0.10% +15.4%
65 ESGV Vanguard ESG US Stock Equity 52.7 – 42 59 55 58 52 86% 0.09% +13.5%
66 OEF iShares S&P 100 Equity 52.7 – 40 59 56 60 53 92% 0.20% +13.2%
67 FDN First Trust Dow Jones Internet I... Technology 52.7 7 of 11 40 66 54 55 47 79% 0.49% +0.3%
68 ROCQ JPMorgan Nasdaq Equity Premium Y... Covered call / option income 52.7 5 of 10 38 61 54 63 49 94% – –
69 QQQ Invesco QQQ Nasdaq-100 52.6 2 of 6 37 60 55 63 51 91% 0.18% +15.9%
69 QQQI NEOS Nasdaq 100 High Income Nasdaq-100 52.6 2 of 6 37 60 55 63 51 91% 0.68% +11.2%
71 QNDX State Street SPDR Portfolio Nasd... Nasdaq-100 52.6 4 of 6 37 60 55 63 51 91% 0.10% –
72 AVUS Avantis U.S. Equity Equity 52.6 – 44 56 55 58 51 80% 0.15% +18.5%
73 GUSE Goldman Sachs Enhanced U.S. Equi... Equity 52.5 – 40 60 56 58 52 89% 0.30% –
73 XQQI NEOS Boosted Nasdaq-100 High Inc... Nasdaq-100 52.5 5 of 6 37 60 55 63 51 83% 0.98% –
75 DYNF iShares U.S. Equity Factor Rotat... Equity 52.5 – 42 58 54 59 53 95% 0.26% +15.5%
76 QLTY GMO U.S. Quality Equity 52.4 – 41 54 57 58 53 90% 0.50% +17.1%
77 AVLV Avantis U.S. Large Cap Value Value 52.4 2 of 15 48 52 55 56 50 80% 0.15% +30.0%
78 AVLC American Century ETF Equity 52.4 – 44 56 54 57 51 85% 0.15% +18.1%
79 CGUS Capital Group Core Equity Equity 52.3 – 41 63 53 55 53 83% 0.33% +11.5%
79 GPIQ Goldman Sachs Nasdaq-100 Core Pr... Covered call / option income 52.3 6 of 10 37 59 55 62 51 91% 0.29% +16.0%
81 DFAU Dimensional US Core Equity Marke... Equity 52.3 – 43 57 55 57 52 83% 0.12% +14.8%
82 IWL iShares Russell Top 200 Equity 52.2 – 40 59 55 58 52 93% 0.15% +13.5%
83 DFAC DFA Investment Dimensions Group... Equity 52.2 – 45 56 55 56 51 73% 0.17% +16.5%
84 SCHB Schwab U.S. Broad Market Total market 52.2 4 of 10 42 58 54 57 52 84% 0.03% +13.8%
84 SCHK Schwab 1000 Equity 52.2 – 42 58 54 57 52 87% 0.03% +13.9%
84 VONE Vanguard Russell 1000 Total market 52.2 4 of 10 42 58 54 57 52 87% 0.06% +13.8%
87 ESGU iShares ESG Aware MSCI USA Equity 52.2 – 41 58 54 58 52 95% 0.15% +14.3%
88 MOAT VanEck Morningstar Wide Moat Equity 52.1 – 52 51 54 53 51 89% 0.46% +10.8%
89 SCHX Schwab U.S. Large-Cap Equity 52.1 – 42 58 54 57 52 89% 0.03% +13.7%
89 XLP Consumer Staples Select Sector S... Consumer 52.1 1 of 8 40 56 59 55 50 99% 0.08% +14.3%
91 DCOR DFA Investment Dimensions Group... Equity 52.1 – 44 56 55 56 51 77% 0.14% +16.6%
92 IVES Dan IVES Wedbush AI Revolution AI and robotics 52.0 – 38 69 51 55 53 71% – +16.5%
93 XYLD Global X S&P 500 Covered Call Covered call / option income 52.0 7 of 10 42 58 55 57 52 96% 0.60% +15.2%
94 BBUS JPMorgan BetaBuilders U.S. Equit... Equity 52.0 – 41 58 55 57 52 92% 0.02% +13.8%
94 VV Vanguard Large-Cap Equity 52.0 – 41 58 54 57 52 92% 0.03% +14.0%
96 SPYI NEOS S&P 500 High Income S&P 500 52.0 11 of 22 41 58 54 57 52 93% 0.68% +13.6%
97 DFUS Dimensional U.S. Equity Equity 52.0 – 41 58 55 57 52 86% 0.09% +14.3%
98 JEPI JPMorgan Equity Premium Income Covered call / option income 51.9 8 of 10 42 57 56 54 51 82% 0.35% +7.1%
99 BKLC BNY Mellon US Large Cap Core Equ... Equity 51.9 – 41 58 55 57 52 93% 0.00% +14.2%
100 FDVV Fidelity High Dividend Dividend 51.9 4 of 20 49 49 55 52 54 84% 0.15% +14.2%
100 VOO Vanguard S&P 500 S&P 500 51.9 12 of 22 41 58 54 57 52 93% 0.03% +14.4%
100 VTI Vanguard Total Stock Market Total market 51.9 6 of 10 41 58 54 57 52 83% 0.03% +14.0%
103 IVV iShares Core S&P 500 S&P 500 51.9 13 of 22 41 58 54 57 52 94% 0.03% +14.4%
103 SPYM State Street SPDR Portfolio S&P... S&P 500 51.9 13 of 22 41 58 54 57 52 94% 0.02% +14.5%
105 SMH VanEck Semiconductor Semiconductors 51.9 2 of 5 40 56 51 64 55 82% 0.35% +53.4%
105 SPTM SPDR Portfolio S&P 1500 Composit... Equity 51.9 – 41 58 54 57 52 86% 0.03% +14.3%
107 FSTA Fidelity MSCI Consumer Staples I... Consumer 51.9 2 of 8 35 58 61 56 51 84% 0.08% +12.9%
108 IGV iShares Expanded Tech-Software S... Software 51.9 – 43 67 53 46 58 81% 0.39% −3.6%
108 ITOT iShares Core S&P Total U.S. Stoc... Equity 51.9 – 41 58 54 57 52 83% 0.03% +13.9%
110 IWB iShares Russell 1000 Total market 51.8 7 of 10 41 58 54 57 52 86% 0.15% +13.8%
110 IWV iShares Russell 3000 Total market 51.8 7 of 10 41 58 54 57 52 83% 0.20% +13.8%
112 VDC Vanguard Consumer Staples Consumer 51.8 3 of 8 34 59 61 57 51 86% 0.09% +12.8%
113 GPIX Goldman Sachs S&P 500 Core Premi... Covered call / option income 51.7 9 of 10 42 57 54 56 52 92% 0.29% +15.2%
114 DSI iShares MSCI KLD 400 Social Equity 51.7 – 42 58 54 56 52 91% 0.25% +15.1%
115 TCAF T. Rowe Price Capital Appreciati... Equity 51.5 – 42 60 53 55 51 80% 0.31% +12.7%
116 IYK iShares US Consumer Staples Consumer 51.5 4 of 8 46 51 56 53 51 91% 0.38% +14.8%
117 TSPA T. Rowe Price US Equity Research Equity 51.4 – 40 58 54 58 51 91% 0.34% +13.8%
118 QTEC First Trust NASDAQ-100-Technolog... Technology 51.4 8 of 11 40 56 53 59 50 80% 0.55% +26.9%
119 GRNY Fundstrat Granny Shots US Large... Equity 51.3 – 38 62 52 56 53 96% 0.75% +6.1%
120 AIPI REX AI Equity Premium Income Covered call / option income 51.3 10 of 10 38 70 51 50 53 94% 0.65% +14.6%
120 XNTK SPDR Morgan Stanley Technology Technology 51.3 9 of 11 41 58 50 60 50 88% 0.35% +23.7%
122 RSPT Invesco S&P 500 Equal Weight Tec... Technology 51.2 10 of 11 52 52 52 50 50 100% 0.40% +41.6%
123 REZ iShares Residential and Multisec... Real estate 51.1 1 of 5 40 63 47 61 44 71% 0.48% +10.7%
124 CRTC Xtrackers US National Critical T... Equity 51.1 – 42 60 51 54 52 77% 0.35% +11.5%
125 VALQ American Century STOXX U.S. Qual... Value 51.1 3 of 15 55 41 56 49 51 84% 0.29% +13.5%
126 SCHD Schwab U.S. Dividend Equity Dividend 51.0 5 of 20 56 39 56 48 56 93% 0.06% +35.1%
127 SOXQ Invesco PHLX Semiconductor Semiconductors 50.9 3 of 5 42 55 48 64 51 83% 0.19% +58.0%
128 QQQE Direxion NASDAQ-100 Equal Weight... Nasdaq-100 50.9 6 of 6 41 57 53 55 50 83% – +13.9%
129 DIVB iShares U.S. Dividend and Buybac... Dividend 50.9 6 of 20 58 43 51 47 55 90% 0.05% +39.3%
130 TDIV First Trust NASDAQ Technology Di... Technology 50.9 11 of 11 52 47 53 48 55 77% 0.50% +15.3%
131 DLN WisdomTree U.S. LargeCap Dividen... Dividend 50.8 7 of 20 46 51 53 53 53 95% 0.28% +16.7%
132 SPLV Invesco S&P 500 Low Volatility S&P 500 50.7 15 of 22 44 53 54 53 51 96% 0.25% +6.3%
133 ITA iShares U.S. Aerospace & Defense Defense and aerospace 50.5 – 44 71 40 53 47 77% 0.38% −6.0%
134 VOT Vanguard Mid-Cap Growth Mid-cap 50.5 1 of 3 34 64 53 54 49 86% 0.05% −1.5%
135 RSPN Invesco S&P 500 Equal Weight Ind... Industrials 50.5 1 of 7 50 51 50 50 50 98% 0.40% +6.7%
136 VIG Vanguard Dividend Appreciation Dividend 50.4 8 of 20 40 52 56 53 53 95% 0.04% +13.8%
137 CGDV Capital Group Dividend Value Dividend 50.4 9 of 20 40 58 53 51 53 84% 0.33% +15.1%
138 RWL Invesco S&P 500 Revenue S&P 500 50.3 16 of 22 50 53 49 49 52 94% 0.39% +21.8%
139 VHT Vanguard Health Care Healthcare 50.3 3 of 7 43 55 53 49 54 86% 0.09% +24.0%
140 XLV Health Care Select Sector SPDR Healthcare 50.2 4 of 7 43 55 54 48 54 100% 0.08% +24.8%
141 SDY SPDR S&P Dividend Dividend 50.2 10 of 20 52 43 53 51 54 83% 0.35% +16.5%
142 RSP Invesco S&P 500 Equal Weight S&P 500 50.1 17 of 22 51 50 50 50 49 97% 0.20% +15.3%
143 WTV WisdomTree U.S. Quality Sharehol... Equity 50.1 – 56 47 48 47 51 76% 0.12% +18.9%
144 FDL First Trust Morningstar Dividend... Dividend 50.1 11 of 20 60 38 52 45 55 88% 0.43% +27.8%
145 FHLC Fidelity MSCI Health Care Index Healthcare 50.0 5 of 7 43 54 53 48 54 86% 0.08% +24.3%
146 IXJ iShares Global Healthcare Healthcare 50.0 6 of 7 43 54 53 48 54 71% 0.40% +19.7%
147 EUSA iShares MSCI USA Equal Weighted Equal weight 49.9 – 48 52 50 51 49 84% 0.09% +12.5%
148 SPHB Invesco S&P 500 High Beta S&P 500 49.8 18 of 22 45 56 47 54 47 101% 0.25% +20.6%
149 XLE Energy Select Sector SPDR Energy 49.8 2 of 4 49 45 51 53 52 77% 0.08% +60.3%
150 IYH iShares U.S. Healthcare Healthcare 49.8 7 of 7 42 54 53 49 54 91% 0.38% +24.0%
150 KNG FT Cboe Vest S&P 500 Dividend Ar... Dividend 49.8 12 of 20 48 46 52 53 52 99% 0.74% +13.4%
150 NOBL ProShares S&P 500 Dividend Arist... Dividend 49.8 12 of 20 48 46 52 53 52 97% 0.35% +15.6%
153 XLRE The Real Estate Select Sector SP... Real estate 49.8 2 of 5 43 57 49 53 48 97% 0.08% +3.7%
154 SOXX iShares Semiconductor Semiconductors 49.6 4 of 5 38 50 49 65 52 81% 0.34% +64.8%
155 IYJ iShares U.S. Industrials Industrials 49.6 2 of 7 42 55 52 51 50 86% 0.38% +5.9%
156 RSPS Invesco S&P 500 Equal Weight Con... Consumer 49.6 5 of 8 50 49 50 50 50 97% 0.40% +9.1%
157 VTV Vanguard Value Value 49.6 4 of 15 48 50 50 50 51 92% 0.03% +22.7%
158 ICF iShares Cohen & Steers REIT Real estate 49.4 3 of 5 41 58 50 52 48 89% 0.32% +8.4%
159 IYR iShares U.S. Real Estate Real estate 49.4 4 of 5 41 59 48 53 48 78% 0.38% +2.9%
160 XLB Materials Select Sector SPDR Materials 49.4 – 45 51 52 50 48 95% 0.08% +16.9%
161 FUTY Fidelity MSCI Utilities Index Utilities 49.4 1 of 4 48 51 47 52 49 88% 0.08% −3.3%
162 IDU iShares U.S. Utilities Utilities 49.3 2 of 4 47 52 48 51 49 92% 0.38% −1.9%
162 VO Vanguard Mid-Cap Mid-cap 49.3 2 of 3 46 53 49 51 48 90% 0.03% +11.7%
164 XLU Utilities Select Sector SPDR Utilities 49.3 3 of 4 48 51 47 52 49 97% 0.08% −3.1%
165 VPU Vanguard Utilities Utilities 49.3 4 of 4 48 51 47 52 49 88% 0.09% −3.3%
166 DIVO Amplify CWP Enhanced Dividend In... Dividend 49.3 14 of 20 41 49 55 50 54 90% 0.56% +13.2%
167 DGRO iShares Core Dividend Growth Dividend 49.2 15 of 20 43 49 53 51 53 94% 0.08% +18.8%
168 SCHV Schwab U.S. Large-Cap Value Value 49.2 5 of 15 47 49 50 51 51 87% 0.04% +19.9%
169 MGV Vanguard Mega Cap Value Value 49.1 6 of 15 45 49 52 50 52 93% 0.05% +23.0%
170 VIS Vanguard Industrials Industrials 49.1 3 of 7 44 56 49 49 49 78% 0.09% +6.2%
171 XLF Financial Select Sector SPDR Financials 49.0 1 of 3 43 53 47 53 53 87% 0.08% +8.1%
172 SCHH Schwab U.S. REIT Real estate 48.9 5 of 5 41 58 48 52 48 72% 0.07% +8.1%
172 VYM Vanguard High Dividend Yield Dividend 48.9 16 of 20 48 47 50 49 52 91% 0.04% +17.4%
174 XLI Industrial Select Sector SPDR Industrials 48.9 4 of 7 42 57 49 49 49 99% 0.08% +7.6%
175 FNDX Schwab Fundamental U.S. Large Co... Equity 48.9 – 47 46 51 52 51 83% 0.25% +24.7%
176 VONV Vanguard Russell 1000 Value Total market 48.9 9 of 10 46 50 48 52 50 82% 0.06% +27.7%
177 NULV Nuveen ESG Large-Cap Value Value 48.9 7 of 15 45 50 50 50 51 96% 0.26% +24.4%
178 MTUM iShares MSCI USA Momentum Factor Equity 48.8 – 36 54 50 59 49 95% 0.15% +15.2%
179 DFLV Dimensional US Large Cap Value Value 48.8 8 of 15 51 48 46 50 51 94% 0.21% +27.9%
180 FIDU Fidelity MSCI Industrials Index Industrials 48.8 5 of 7 42 57 49 49 49 78% 0.08% +6.2%
181 PRF Invesco FTSE RAFI US 1000 Equity 48.7 – 46 46 51 51 51 82% 0.34% +24.7%
182 DFUV Dimensional US Marketwide Value Value 48.7 9 of 15 50 48 46 51 52 78% 0.21% +27.2%
183 PWV Invesco Dynamic Large Cap Value Value 48.7 10 of 15 51 45 47 50 53 100% 0.55% +25.1%
184 VOE Vanguard Mid-Cap Value Mid-cap 48.5 3 of 3 55 45 45 48 48 93% 0.05% +21.6%
185 IWD iShares Russell 1000 Value Total market 48.4 10 of 10 44 50 50 51 50 85% 0.18% +27.5%
186 JAVA JPMorgan Active Value Value 48.3 11 of 15 45 51 48 51 50 88% 0.44% +20.2%
187 IYE iShares U.S. Energy Energy 48.3 3 of 4 42 41 52 56 54 90% 0.38% +57.9%
188 BKDV BNY Mellon Dynamic Value Value 48.2 12 of 15 48 49 47 49 49 90% 0.60% +23.8%
188 SPYD SPDR Portfolio S&P 500 High Divi... Dividend 48.2 17 of 20 58 39 48 45 53 96% 0.07% +16.0%
190 MFSV MFS Active Value Value 48.2 13 of 15 46 49 48 47 51 94% 0.44% +14.7%
191 IWX iShares Russell Top 200 Value Value 48.1 14 of 15 41 50 51 51 51 93% 0.20% +29.7%
192 FENY Fidelity MSCI Energy Index Energy 48.0 4 of 4 42 40 52 55 54 82% 0.08% +57.8%
193 IYF iShares U.S. Financials Financials 47.8 2 of 3 44 51 45 51 52 77% 0.38% +8.4%
194 VOOV Vanguard S&P 500 Value S&P 500 47.7 19 of 22 43 46 51 50 51 96% 0.07% +16.1%
195 IYT iShares Transportation Average Industrials 47.5 6 of 7 55 40 49 43 44 82% 0.38% +15.0%
196 SPHD Invesco S&P 500 High Dividend Lo... Dividend 47.4 18 of 20 55 41 45 45 55 89% 0.30% +11.3%
197 HDV iShares Core High Dividend Dividend 47.3 19 of 20 44 40 55 45 55 97% 0.08% +29.1%
198 IFRA iShares U.S. Infrastructure Industrials 47.3 7 of 7 41 51 49 47 50 74% 0.30% +7.5%
198 IVE iShares S&P 500 Value S&P 500 47.3 20 of 22 42 46 51 50 50 96% 0.18% +15.9%
198 SPYV SPDR Portfolio S&P 500 Value S&P 500 47.3 20 of 22 42 46 51 50 50 96% 0.04% +16.1%
201 IUSV iShares Core S&P U.S. Value Value 47.2 15 of 15 42 46 51 50 50 91% 0.04% +15.9%
202 DVY iShares Select Dividend Dividend 47.1 20 of 20 55 38 46 45 53 77% 0.38% +18.1%
203 RPV Invesco S&P 500 Pure Value S&P 500 47.1 22 of 22 61 40 40 44 49 95% 0.35% +23.8%
204 FTXL First Trust Nasdaq Semiconductor Semiconductors 46.6 5 of 5 38 46 45 61 50 86% 0.60% +77.7%
205 KBWB Invesco KBW Bank Financials 44.8 3 of 3 45 42 32 58 54 92% 0.35% +18.7%
206 FDIS Fidelity MSCI Consumer Discretio... Consumer 43.4 6 of 8 30 54 40 54 50 76% 0.08% −3.2%
207 XLY Consumer Discretionary Select Se... Consumer 43.3 7 of 8 31 51 41 53 50 100% 0.08% −4.3%
208 VCR Vanguard Consumer Discretionary Consumer 42.1 8 of 8 28 52 39 54 51 79% 0.09% −3.2%

X-Ray = weighted average X-Ray Score (0 to 100) of the fund's scored stocks. The five lens columns are the same weighted average for each lens. Scored = share of the fund's weight in stocks we score. Cost = expense ratio from SEC filings. 1Y return = total return. Rank 1 = highest score; "in group" ranks a fund against ranked funds of its own group when the group has three or more. Weights are from each fund's latest SEC holdings report.

Scores by group

GroupFunds rankedAverage scoreHighestLowest
Equity5252.9 VFLO 60.2 PRF 48.7
S&P 5002252.2 RPG 56.9 RPV 47.1
Dividend2050.2 RDVI 54.9 DVY 47.1
Value1549.4 VLUE 54.8 IUSV 47.2
Growth1154.7 QGRO 58.2 FDG 53.1
Technology1153.6 FTEC 56.2 TDIV 50.9
Total market1052.3 OMFL 55.9 IWD 48.4
Covered call / option income1052.6 FEPI 55.5 AIPI 51.3
Consumer848.2 XLP 52.1 VCR 42.1
Healthcare751.8 IHI 56.1 IYH 49.8
Industrials748.8 RSPN 50.5 IFRA 47.3
Nasdaq-100652.4 QQQM 53.0 QQQE 50.9
Semiconductors550.9 FBCG 55.4 FTXL 46.6
Real estate549.7 REZ 51.1 SCHH 48.9
Energy449.9 IEO 53.5 FENY 48.0
Utilities449.3 FUTY 49.4 VPU 49.3
Mid-cap349.4 VOT 50.5 VOE 48.5
Financials347.2 XLF 49.0 KBWB 44.8

Groups are assigned by StocksXray rules from the fund name. A group's average describes what its funds hold; it is not a verdict on the group. Groups with a single ranked fund are left out.

How to read the ranking

The score rewards what the X-Ray Score rewards: companies that look cheap on valuation measures, grow faster, earn better margins, carry less debt and pay dividends, each judged against the other companies in its own sector. A fund scores high when the companies it holds do, and a fund that owns the whole market scores close to the middle. That makes the ranking a map of what funds hold, which is useful for comparing, say, two growth funds or two dividend funds, and less useful for choosing between a growth fund and a dividend fund, because the lenses weigh them differently.

Two things to keep next to the score. First, coverage: only stocks in our S&P 500 coverage are scored, so a fund with 75% scored weight is judged on three quarters of its holdings. Second, cost and tracking: two funds on the same index get nearly the same score, so the cost column is where they differ. Sector ETFs are compared on their own page: the 11 US sectors side by side.

Frequently asked questions

What is the look-through X-Ray Score of an ETF?

It is the average X-Ray Score of the stocks an ETF holds, weighted by how much of the fund each stock makes up (the SEC holdings weights). A stock's X-Ray Score combines five lenses scored 0 to 100: valuation 25%, growth 20%, profitability 25%, financial health 20% and dividends 10%. The fund's five lens averages are worked out the same way, so you can see which lens drives a fund's score.

Which ETFs are ranked and which are not?

A fund is ranked when it is an equity fund, at least 70% of its weight is in stocks we score and it holds at least 10 of them. We score the stocks in our S&P 500 coverage, so funds that hold mostly foreign, small-cap or private-market assets fall below that line, as do bond, leveraged, inverse and volatility funds, commodity and crypto funds, and funds that do not file holdings with the SEC (for example SPY and DIA, which are unit investment trusts). Those funds show a score on their own page from 25% coverage but no rank.

Why are the scores so close together?

A diversified fund averages many stocks whose individual scores range widely, so the fund's score settles near the middle. Among the 208 ranked funds the scores run from 42.1 to 60.2 with a median of 51.9. A fund that simply owns the market sits near that median, and a gap of a point or two between two funds is small. Bigger gaps come from funds that deliberately tilt toward one kind of company.

Does a higher X-Ray Score mean a better ETF?

No. The score only describes how the companies in the fund score today on our five lenses. It says nothing about what the fund costs, how closely it tracks its index, how easily it trades, how much tax it creates or what its price will do. That is why cost, coverage and the one-year return are shown beside each score, and why the ranking is a way to sort funds by what they hold, not a recommendation to buy one.

How often is the ranking updated?

The stock scores are refreshed every night and the ranking is rebuilt after that; this page shows scores as of 23 Oct 2026. The holdings weights come from each fund's latest quarterly SEC filing (Form N-PORT), so a fund's weights can be a few months old; the holdings date is on every fund page.

Can I see how a fund's holdings are scored?

Yes. Each fund page has an X-Ray look-through section that shows the share of the fund we score, the split of its holdings into undervalued, fair and overvalued by our fair-value method, and its sector mix. The method behind the stock scores is on the methodology page.

Related

All ETFsSector ETFs comparedTop ETFs by cost and returnHow the X-Ray Score worksQuality at a fair price

Educational information, not financial advice. The X-Ray Score is a model output that describes the holdings of a fund; it is not a rating of the fund, a forecast or a recommendation. Funds can lose value, and past performance does not guarantee future results.