Which ETFs look cheap, and which look expensive, against their own history
1,367 US-listed equity ETFs measured daily against their own valuation history: which screen well on value and quality, and which have run ahead.
Updated October 28, 2026
What each step keeps
These counts are recomputed every trading day and every one of them is ours — our universe, our screen, our thresholds.
| Stage | Funds | Share of the universe |
|---|---|---|
| equity ETFs we track | 1,367 | 100.0% |
| had the data to be scanned | 1,321 | 96.6% |
| cleared the first screen | 647 | 47.3% |
| passed every gate in their lane | 32 | 2.3% |
| went through to the shortlist | 32 | 2.3% |
| were scored against each other | 27 | 2.0% |
| were selected | 10 | 0.7% |
| were published | 10 | 0.7% |
The other side of the same screen — 10 funds looking stretched
The same run names 10 funds on the other side: priced high against their own history and weak on quality or on growth. They are published for the same reason the shortlist is — a screen that can only ever say yes is not a screen.
- EWS — Asia Pacific: Expensive vs its 10-year history; Below-average growth
- AIRR — Industrials & Materials: Expensive vs its 10-year history; Below-average quality
- PBDC — Financials: Expensive vs its 3-year history; Below-average quality
- SMIN — Asia Pacific: Expensive vs its 10-year history; Below-average growth
- IHF — Health & Biotech: Expensive vs its 10-year history; Below-average quality
- XHB — Real Estate & Infra: Expensive vs its 10-year history; Below-average growth
- IBB — Health & Biotech: Expensive vs its 10-year history; Below-average quality
- XAR — Industrials & Materials: Expensive vs its 10-year history; Below-average quality
- EFV — Developed ex-US: Expensive vs its 10-year history; Below-average growth
- EDIV — Dividend Global ex-US: Expensive vs its 10-year history; Below-average growth
The 10 funds screening well today
Each is shown with what the screen actually found in it, computed from the fund's own holdings. The written case for each fund is part of the paid product and is not published here.
- VONG — US Large Cap Growth: Top-tier growth; Highly profitable — ROIC 36%
- FFOG — US Large Cap Growth: Near its cheapest in 3-year history; Top-tier growth
- QGRW — Multi-factor: Valuation below 4-year median; Highly profitable — ROIC 32%
- CGUS — US Total Market: Top-tier growth; Highly profitable — ROIC 26%
- UMMA — Emerging Markets: Top-tier growth; Highly profitable — ROIC 25%
- NULG — ESG: Top-tier growth; Highly profitable — ROIC 31%
- CGDV — Dividend US: Top-tier growth; Highly profitable — ROIC 24%
- IGPT — Deep Tech: Near its cheapest in 3-year history; Top-tier growth
- CGGO — Global Large Cap: Valuation below 4-year median; Top-tier growth
- JIG — Developed ex-US: Near its cheapest in 6-year history; Top-tier growth
Because a fund only has to clear two of the three factors, 6 of these 10 sit below the bar on the third — that is the screen working, not a fund failing it.
How the screen works
A fund does not have to be good at everything: it qualifies on two of value, growth and quality rather than all three, and must also trade in enough volume to be liquid, carry no unusual risk, and not be riding a single run-up.
Today's shortlist qualified as 5 on growth and quality, 1 on value and quality, 4 on value and growth.
It spans 9 of our categories: Deep Tech, Developed ex-US, Dividend US, ESG, Emerging Markets, Global Large Cap, Multi-factor, US Large Cap Growth, US Total Market.
The shortlist is capped: never fewer than 3 and never more than 10. A day that throws up more candidates does not produce a longer list; it produces a higher bar.
What this page does not publish
The reasoning written for each fund — why it screened well, what would change it — is the paid product and stays behind the login. What is on this page is the screen and its output: how many funds each step keeps, which funds came through today and which look stretched. Nothing on this page is investment advice, a recommendation, or a forecast of returns.
Cite this
ETF Copilot, “US equity ETFs measured against their own valuation history”, as of October 28, 2026.
https://etf-copilot.com/insights/ideas