Core Insights - The SPDR S&P 600 Small Cap Value ETF (SLYV) is a passively managed ETF launched on September 25, 2000, with assets exceeding $3.89 billion, targeting the Small Cap Value segment of the US equity market [1][9] - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also higher risks, with value stocks generally outperforming growth stocks in the long term [2] - The ETF has an annual operating expense ratio of 0.15% and a 12-month trailing dividend yield of 2.26%, making it one of the least expensive options in its category [3] Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising approximately 23.9% of the portfolio, followed by Industrials and Consumer Discretionary [4] - Mr Cooper Group Inc (COOP) represents about 1.43% of total assets, with the top 10 holdings accounting for roughly 9.93% of total assets under management [5] Performance Metrics - SLYV aims to replicate the performance of the S&P SmallCap 600 Value Index, which includes U.S. common equities with market capitalizations between $250 million and $1.2 billion [6] - As of August 15, 2025, the ETF has experienced a year-to-date loss of approximately 1.23% but has gained about 7.01% over the past year, with a trading range between $67.03 and $95.14 in the last 52 weeks [7] - The ETF has a beta of 1.07 and a standard deviation of 22.48% over the trailing three-year period, indicating a medium risk profile [7] Alternatives - Other ETFs in the small cap value space include the iShares Russell 2000 Value ETF (IWN) with $11.32 billion in assets and an expense ratio of 0.24%, and the Vanguard Small-Cap Value ETF (VBR) with $30.76 billion in assets and a lower expense ratio of 0.07% [10] Conclusion - Passively managed ETFs like SLYV are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]

Core Viewpoint - The WisdomTree U.S. SmallCap ETF (EES) provides broad exposure to the Small Cap Value segment of the US equity market, with assets exceeding $624.15 million, making it a mid-sized ETF in this category [1]. Group 1: Small Cap Value Characteristics - Small cap companies are defined as those with market capitalizations below $2 billion, typically presenting higher potential but also higher risk compared to larger companies [2]. - Value stocks are characterized by lower price-to-earnings and price-to-book ratios, but they also exhibit lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in most markets, although growth stocks tend to perform better in strong bull markets [3]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.38%, which is competitive within its peer group, and it offers a 12-month trailing dividend yield of 1.31% [4]. - EES aims to match the performance of the WisdomTree U.S. SmallCap Earnings Index, which focuses on earnings-generating companies in the small-cap segment [7]. - As of August 14, 2025, the ETF has gained approximately 2.5% year-to-date and 13.06% over the past year, with a trading range between $42.54 and $58.78 in the last 52 weeks. It has a beta of 1.10 and a standard deviation of 22.14% over the trailing three years, indicating medium risk [8]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Energy sector, with the top three sectors being Energy, Industrials, and Materials [5]. - The top holdings include Valaris Ltd and Brighthouse Financial Inc, with the top 10 holdings accounting for approximately 106.07% of total assets under management [6]. Group 4: Alternatives and Market Position - The WisdomTree U.S. SmallCap ETF holds a Zacks ETF Rank of 3 (Hold), indicating a favorable option for investors seeking exposure to the Small Cap Value area [9]. - Alternative ETFs in this space include the iShares Russell 2000 Value ETF (IWN) with $11.46 billion in assets and the Vanguard Small-Cap Value ETF (VBR) with $31.09 billion in assets, both of which have lower expense ratios compared to EES [10]. Group 5: Investment Appeal - Passively managed ETFs like EES are popular among both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Viewpoint - The Invesco S&P SmallCap Value with Momentum ETF (XSVM) is a passively managed fund that aims to provide broad exposure to the Small Cap Value segment of the US equity market, with assets totaling over $583.48 million [1] Group 1: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, present higher potential returns but also increased risks [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates, yet have historically outperformed growth stocks in most markets [2] Group 2: Costs and Performance - The annual operating expenses for XSVM are 0.36%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 2% [3] - As of August 14, 2025, XSVM has gained approximately 3.96% year-to-date and 7.17% over the past year, with a trading range between $44.22 and $60.64 in the last 52 weeks [6] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 50.4% of the portfolio, followed by Consumer Discretionary and Industrials [4] - Spartannash Co (SPTN) represents about 1.93% of total assets, with the top 10 holdings accounting for approximately 14.88% of total assets under management [5] Group 4: Risk and Alternatives - XSVM seeks to match the performance of the S&P 600 High Momentum Value Index, which includes securities with strong value characteristics from the Russell 2000 Index, and has a beta of 1.07 and a standard deviation of 22.6% over the trailing three years [6][7] - Alternatives to XSVM include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), which have larger asset bases and lower expense ratios [9]

Core Viewpoint - The JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) is a passively managed fund targeting the Small Cap Value segment of the U.S. equity market, launched on November 16, 2020, with assets exceeding $556.46 million [1] Group 1: Small Cap Value Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, are considered high-potential stocks but carry higher risks compared to larger counterparts [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, but they also show lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in most markets, although they may underperform during strong bull markets [3] Group 2: Cost Structure - The BBSC ETF has an annual operating expense ratio of 0.09%, making it one of the least expensive options in its category. It also offers a 12-month trailing dividend yield of 1.24% [4] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising approximately 18.8% of the portfolio, followed by Industrials and Information Technology [5] - The top holdings include Jpmorgan Us Govt Mmkt Fun at 0.87% of total assets, with the top 10 holdings accounting for about 4.63% of total assets under management [6] Group 4: Performance Metrics - BBSC aims to match the performance of the Morningstar US Small Cap Target Market Exposure Extended Index. As of August 5, 2025, the ETF has lost about 0.57% year-to-date but is up approximately 8.26% over the past year. The 52-week trading range has been between $52.57 and $74.87 [7] - The ETF has a beta of 1.14 and a standard deviation of 23.02% over the trailing three-year period, indicating effective diversification with around 754 holdings [8] Group 5: Alternatives - BBSC holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected returns based on various factors. Other similar ETFs include the iShares Russell 2000 Value ETF (IWN) with $10.76 billion in assets and an expense ratio of 0.24%, and the Vanguard Small-Cap Value ETF (VBR) with $29.85 billion in assets and an expense ratio of 0.07% [9][10] Group 6: Investment Appeal - Passively managed ETFs like BBSC are increasingly popular among retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]

Core Viewpoint - The Vanguard Russell 2000 Value ETF (VTWV) is a passively managed fund that aims to provide broad exposure to the Small Cap Value segment of the US equity market, with assets exceeding $795.50 million since its launch in 2010 [1]. Group 1: Small Cap Value Overview - Small cap companies are defined as those with a market capitalization below $2 billion, typically presenting higher potential but also higher risk compared to larger companies [2]. - Value stocks are characterized by lower than average price-to-earnings and price-to-book ratios, as well as lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in long-term performance, although growth stocks may excel in strong bull markets [3]. Group 2: Costs and Performance - The annual operating expenses for VTWV are 0.1%, making it one of the least expensive ETFs in its category. It also has a 12-month trailing dividend yield of 1.86% [4]. - VTWV seeks to match the performance of the Russell 2000 Value Index, having added approximately 0.89% year-to-date and down about 1.11% over the past year as of July 30, 2025. The ETF has traded between $116.09 and $159.92 in the past 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Financials sector, comprising about 27.1% of the portfolio, followed by Industrials and Consumer Discretionary [5]. - Among individual holdings, Mktliq accounts for approximately 2.56% of total assets, with Slbbh1142 and Fluor Corp (FLR) also being notable [6]. Group 4: Risk and Alternatives - VTWV has a beta of 1.07 and a standard deviation of 22.07% over the trailing three-year period, categorizing it as a medium risk option. It holds about 1456 assets, effectively diversifying company-specific risk [8]. - The ETF holds a Zacks ETF Rank of 2 (Buy), indicating it is a strong option for investors interested in the Small Cap Value segment. Other alternatives include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), which have larger asset bases and different expense ratios [9][10]. Group 5: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11].

Core Insights - The Vanguard Small-Cap Value ETF (VBR) is a passively managed fund launched on January 26, 2004, with over $30.57 billion in assets, making it the largest ETF in the Small Cap Value segment of the US equity market [1] - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also come with higher risks [2] - Value stocks typically have lower price-to-earnings and price-to-book ratios, but also exhibit lower sales and earnings growth rates compared to growth stocks [3] Costs - The ETF has an annual operating expense ratio of 0.07%, positioning it as one of the least expensive options in its category [4] - It offers a 12-month trailing dividend yield of 2.03% [4] Sector Exposure and Top Holdings - The ETF's largest allocation is to the Financials sector, comprising approximately 21.70% of the portfolio, followed by Industrials and Consumer Discretionary [5] - Individual holdings include Slcmt1142 at about 1.08% of total assets, with NRG Energy Inc (NRG) and Emcor Group Inc (EME) also among the top holdings [6] Performance and Risk - VBR aims to match the performance of the CRSP U.S. Small Cap Value Index, having gained roughly 3.30% year-to-date and 6.60% over the past year as of July 23, 2025 [7] - The ETF has traded between $162.76 and $217.30 in the past 52 weeks [7] - With a beta of 1.03 and a standard deviation of 19.72% over the trailing three years, it is classified as a medium-risk investment [8] Alternatives - VBR holds a Zacks ETF Rank of 2 (Buy), indicating strong expected returns and favorable expense ratios [9] - Other comparable ETFs include the Schwab Fundamental U.S. Small Company ETF (FNDA) with $8.62 billion in assets and an expense ratio of 0.25%, and the iShares Russell 2000 Value ETF (IWN) with $11.09 billion in assets and an expense ratio of 0.24% [10] Bottom-Line - Passively managed ETFs like VBR are gaining popularity among both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]

Market Trends & Short Interest - Small cap value stocks, oil stocks, and building stocks have been heavily shorted, but this trend is reversing [1] - Institutions are currently underinvested in energy, building materials, and small cap value [2] - There is concern about excessive excitement surrounding large cap growth stocks, which dominate the S&P 500 [3] Company Performance & Valuation - 10 out of 14 companies in the Russell 3000 that have more than tripled since April 8 lows are not generating profits [1] - A dental implant company, Zimvi, experienced a 122% increase in stock price due to a takeover offer and high short interest [1] - Oracle's valuation, trading at approximately 35 times forward earnings, is causing some concern [4] - Oracle's backlog has increased by 100% year-over-year, positioning it as a major internet provider [5] Investment Strategy - It is advisable to own names that the market is short or underowned, while being cautious of overowned names [2] - Trimming the Oracle position is considered appropriate, but exiting entirely is not recommended due to the company's growth potential and strong position in data and AI [4][5] - Oracle's advantage in AI stems from corporations using its software to store and analyze data [6]

Core Viewpoint - The Invesco S&P SmallCap 600 Pure Value ETF (RZV) is a passively managed fund targeting the Small Cap Value segment of the US equity market, with assets exceeding $206.50 million, making it an average-sized ETF in this category [1]. Group 1: Small Cap Value Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, are considered high-potential stocks but carry higher risks compared to large and mid-cap companies [2]. - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates. Historically, value stocks have outperformed growth stocks in most markets, although they may underperform during strong bull markets [3]. Group 2: Costs and Performance - The ETF has an annual operating expense ratio of 0.35%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.96% [4]. - RZV aims to replicate the performance of the S&P SmallCap 600 Pure Value Index, having lost approximately -3.48% year-to-date and -0.25% over the past year as of July 17, 2025. The ETF has traded between $83.11 and $119.36 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Consumer Discretionary sector, comprising about 26.80% of the portfolio, followed by Financials and Energy [5]. - Par Pacific Holdings Inc (PARR) represents about 2.49% of total assets, with the top 10 holdings accounting for approximately 17.72% of total assets under management [6]. Group 4: Risk and Alternatives - RZV has a beta of 1.20 and a standard deviation of 24.57% over the trailing three-year period, indicating a higher risk profile. The ETF includes around 147 holdings, which helps mitigate company-specific risk [8]. - Alternatives to RZV include the iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR), which track similar indices and have larger asset bases of $10.92 billion and $29.95 billion, respectively [10].

Core Insights - The iShares S&P Small-Cap 600 Value ETF (IJS) is a passively managed ETF launched on July 24, 2000, with assets exceeding $6.39 billion, making it a significant player in the Small Cap Value segment of the US equity market [1] Investment Potential - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential but also come with elevated risks [2] - Value stocks typically exhibit lower price-to-earnings and price-to-book ratios, along with lower sales and earnings growth rates, but have historically outperformed growth stocks in most markets, although they may lag in strong bull markets [3] Cost Structure - The annual operating expenses for IJS are 0.18%, positioning it as one of the more cost-effective options in the ETF space, with a 12-month trailing dividend yield of 1.80% [4] Sector Allocation and Holdings - The ETF has a significant allocation to the Financials sector, comprising approximately 22.20% of the portfolio, followed by Industrials and Consumer Discretionary [5] - Mr Cooper Group Inc (COOP) represents about 1.46% of total assets, with the top 10 holdings accounting for roughly 3.81% of total assets under management [6] Performance Metrics - IJS aims to replicate the performance of the S&P SmallCap 600 Value Index, having experienced a year-to-date loss of approximately -2.64% and a one-year gain of about 10.11% as of July 11, 2025, with a trading range between $83.54 and $118.05 over the past 52 weeks [7] - The ETF has a beta of 1.06 and a standard deviation of 22.49% over the trailing three-year period, indicating a medium risk profile with effective diversification across 471 holdings [8] Alternatives - IJS holds a Zacks ETF Rank of 2 (Buy), indicating strong potential based on expected returns, expense ratios, and momentum, making it a favorable option for investors interested in the Small Cap Value segment [9] - Other comparable ETFs include the iShares Russell 2000 Value ETF (IWN) with $11.56 billion in assets and an expense ratio of 0.24%, and the Vanguard Small-Cap Value ETF (VBR) with $30.66 billion in assets and a lower expense ratio of 0.07% [10] Conclusion - Passively managed ETFs like IJS are gaining popularity among retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [11]