What it holdsRatio

43 funds whose companies owe as much as the equity behind them

43funds

The companies the fund holds, weighted, carry at least as much debt as the equity behind it, from their own filed year.

ETFs · Funds · n/a · Ranked by What the companies it holds owe against what they own in times, most indebted first · Rebuilt 2026-11-08 at 11:46 UTC

How this list is built

The rule: The companies the fund holds, weighted, carry at least as much debt as the equity behind it, from their own filed year. Debt to equity, from each held company's own newest filed year, weighted by its weight in the fund. A company whose equity is negative has no such ratio and carries none, so it is read as absent rather than as a large number. A fund is read only where at least half of its stored weight sits in companies we hold the figure for. Read from each fund's newest holdings snapshot (its largest holdings, as the fund reports them) joined to each held company's own filed figures, holdings snapshots dated 2026-10-07 to 2026-10-15, each fund's newest: 112 of the 990 funds in this rule's range could be measured. The other 878 funds are left out by name rather than counted as a match or a miss (820 under half of the fund's weight is in companies we hold a filed debt to equity for; 50 the fund's reported holdings add up to more than the fund, which is leverage or derivatives, so a share of it means nothing; 8 no holdings snapshot held).

The list

43 of 43 funds

Funds whose companies owe as much as they own, ranked by What the companies it holds owe against what they own, most indebted first
#	Fund	Market	Sector	What the companies it holds owe against what they own, in times	Share of the fund its stored holdings are, in percent	What the companies it holds earn on their capital, in percent	What the companies it holds owe against what they own over time	Source
1	AMLPAlerian MLP ETF	AMEX	Energy	15.4x	100.0%	n/a	n/a	Source n/a
2	XLPState Street Consumer Staples Select Sector SPDR ETF	AMEX	Consumer staples	11.0x	92.8%	18.8%	n/a	Source n/a
3	IYKiShares U.S. Consumer Staples ETF	AMEX	Equity	10.1x	91.2%	30.8%	n/a	Source n/a
4	FSTAFIDELITY MSCI CONSUMER STAPLES INDEX ETF	AMEX	Consumer staples	6.5x	83.4%	18.5%	n/a	Source n/a
5	VDCVanguard Consumer Staples ETF	AMEX	Consumer staples	6.4x	81.9%	19.5%	n/a	Source n/a
6	FBTFirst Trust NYSE Arca Biotechnology Index Fund	AMEX	Health care	4.5x	88.1%	n/a	n/a	Source n/a
7	XLCState Street Communication Services Select Sector SPDR ETF	AMEX	Communication	2.7x	99.8%	17.9%	n/a	Source n/a
8	PPAInvesco Aerospace & Defense ETF	AMEX	Industrials	2.5x	85.0%	14.4%	n/a	Source n/a
9	MLPXGlobal X - MLP & Energy Infrastructure ETF	AMEX	Energy	2.4x	98.3%	n/a	n/a	Source n/a
10	JETSU.S. Global Jets ETF	AMEX	Equity	2.4x	86.9%	8.3%	n/a	Source n/a
11	UTESVirtus Reaves Utilities ETF	AMEX	Alternatives	2.1x	100.0%	6.9%	n/a	Source n/a
12	DIAState Street SPDR Dow Jones Industrial Average ETF Trust	AMEX	Financials	2.0x	94.7%	24.5%	n/a	Source n/a
13	RDIVInvesco S&P Ultra Dividend Revenue ETF	AMEX	Consumer staples	1.9x	83.1%	8.1%	n/a	Source n/a
14	TPZTortoise Electrification Infrastructure ETF	NYSE	Energy	1.9x	92.8%	10.3%	n/a	Source n/a
15	FUTYFIDELITY MSCI UTILITIES INDEX ETF	AMEX	Utilities	1.9x	82.8%	6.0%	n/a	Source n/a
16	FCOMFIDELITY MSCI COMMUNICATION SERVICES INDEX ETF	AMEX	Communication	1.9x	93.2%	18.8%	n/a	Source n/a
17	VOXVanguard Communication Services ETF	AMEX	Sector Equity	1.9x	88.7%	18.0%	n/a	Source n/a
18	VPUVanguard Utilities ETF	AMEX	Utilities	1.9x	82.8%	5.9%	n/a	Source n/a
19	XLUState Street Utilities Select Sector SPDR ETF	AMEX	Utilities	1.8x	92.2%	6.1%	n/a	Source n/a
20	SIXAETC 6 Meridian Mega Cap Equity ETF	AMEX	Consumer staples	1.8x	68.9%	23.9%	n/a	Source n/a
21	RSPUInvesco S&P 500 Equal Weight Utilities ETF	AMEX	Utilities	1.8x	81.6%	5.5%	n/a	Source n/a
22	DJDInvesco Dow Jones Industrial Average Dividend ETF	AMEX	Consumer discretionary	1.7x	97.6%	17.6%	n/a	Source n/a
23	IDUiShares U.S. Utilities ETF	AMEX	Equity	1.7x	83.7%	6.4%	n/a	Source n/a
24	SCHDSchwab U.S. Dividend Equity ETF	AMEX	Consumer staples	1.7x	80.7%	17.1%	n/a	Source n/a
25	FXUFirst Trust Utilities AlphaDEX Fund	AMEX	Utilities	1.6x	81.3%	6.4%	n/a	Source n/a
26	TPYPTortoise North American Pipeline Fund	NYSE	Energy	1.6x	91.5%	n/a	n/a	Source n/a
27	EMLPFirst Trust North American Energy Infrastructure Fund	AMEX	Utilities	1.5x	72.7%	n/a	n/a	Source n/a
28	OUSAALPS Funds O’Shares U.S. Quality Dividend ETF	AMEX	Technology	1.5x	65.8%	n/a	n/a	Source n/a
29	FDLFirst Trust Morningstar Dividend Leaders Index Fund	AMEX	Consumer staples	1.4x	75.7%	12.5%	n/a	Source n/a
30	DIVYSound Equity Dividend Income ETF	NYSE	Financials	1.4x	74.4%	n/a	n/a	Source n/a
31	IHEiShares U.S. Pharmaceuticals ETF	AMEX	Equity	1.4x	93.7%	29.8%	n/a	Source n/a
32	DIVOAmplify CWP Enhanced Dividend Income ETF	AMEX	Financials	1.4x	93.9%	26.5%	n/a	Source n/a
33	VHTVanguard Health Care ETF	AMEX	Health care	1.4x	72.0%	24.3%	n/a	Source n/a
34	XLVState Street Health Care Select Sector SPDR ETF	AMEX	Health care	1.4x	84.2%	24.0%	n/a	Source n/a
35	DVGRDAC 3D Dividend Growth ETF	NASDAQ	Equity	1.3x	82.4%	31.5%	n/a	Source n/a
36	FHLCFIDELITY MSCI HEALTH CARE INDEX ETF	AMEX	Health care	1.3x	73.7%	24.3%	n/a	Source n/a
37	XARState Street SPDR S&P Aerospace & Defense ETF	AMEX	Equity	1.3x	73.0%	10.1%	n/a	Source n/a
38	IYHiShares U.S. Healthcare ETF	AMEX	Equity	1.3x	79.9%	19.9%	n/a	Source n/a
39	OMAHVistaShares Target 15 Berkshire Select Income ETF	AMEX	Financials	1.2x	101.0%	26.0%	n/a	Source n/a
40	NUKXNicholas Nuclear Income ETF	AMEX	Utilities	1.2x	104.3%	n/a	n/a	Source n/a
41	XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF	AMEX	Energy	1.2x	68.1%	n/a	n/a	Source n/a
42	IXPiShares Global Comm Services ETF	AMEX	Equity	1.1x	88.6%	n/a	n/a	Source n/a
43	TMHToyota Motor Corporation ADRhedged	AMEX	Equity	1.1x	100.0%	5.4%	n/a	Source n/a

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.