What are some ETFs that may be undervalued?

Here are some undervalued ETFs that you may consider:

1. **SPDR Portfolio S&P 500 Value ETF (SPYV)**:
- This ETF screens stocks in the S&P 500 for value metrics and has a low expense ratio of 0.04%.
- It holds a significant market cap of $355 billion and has a dividend yield of 1.87%.
- It has a 10-year average annual return of 10.00%, outperforming its category peers.
2. **Fidelity Value Factor ETF (FVAL)**:
- With an expense ratio of 0.29%, this ETF offers a dividend yield of 1.66%.
- It has an average annual return since inception (Sept. 2016) of 13.34%.
- Recent market volatility has created opportunities for value stocks, and FVAL is well-positioned to capitalize on these opportunities.
3. **Vanguard Value ETF (VTV)**:
- This ETF seeks to track the performance of the CRSP U.S. Large Cap Value Index.
- It has a low expense ratio and a good dividend yield, making it an attractive option for value investors.
4. **iShares Russell 1000 Value ETF (IWD)**:
- It has a moderate expense ratio of 0.19% and offers a dividend yield of 1.66%.
- It invests in the Russell 1000 Value Index, which includes large-cap value stocks that have proven to be undervalued.
5. **Vanguard Small-Cap Value ETF (VBR)**:
- This ETF is focused on small-cap value stocks, which are currently undervalued according to Morningstar's fair value estimates.
- It has a low expense ratio and provides exposure to a segment of the market that has historically outperformed its larger-cap counterparts.

These ETFs are not only undervalued based on their expense ratios and historical performance but also on the current market conditions, which favor value stocks over growth stocks.