How Palance builds public rankings.
Clear eligibility, comparable measurements and no invented values. These rankings are informational and are not investment advice.
Publication
Rankings refresh monthly and always serve the latest complete snapshot. A partial or failed refresh never replaces the prior published table.
Performance
Palance collects up to two years of adjusted daily prices or NAVs and requires at least one year of usable history. Total return tables include 1M, YTD and 1Y together and default to 1Y. Best ranks from highest to lowest and Worst from lowest to highest for the selected horizon.
Factor scores
Value requires price-to-earnings, price-to-book and price-to-sales, with lower ratios scoring better. Stock growth requires earnings and sales growth; ETF and mutual-fund growth also requires projected growth. Quality requires return on equity, net margin and operating margin. An instrument must have the complete applicable input set. Scores range from 0 to 100 and are recomputed within each eligible asset universe at every snapshot.
Markets
Market rankings use a defined set of liquid investable proxies spanning major asset classes, sectors, countries and regions. The type filter changes which proxy groups are visible; it does not mix an unpublished universe into the results.
Stocks
Eligible stocks are listed in the United States, United Kingdom, Germany/Xetra, France, Japan, Hong Kong or Singapore, have at least $1bn in market capitalization, one year of price history and $1m in median 20-day traded value.
ETFs and mutual funds
Products are US-listed, have at least $100m in AUM or portfolio net assets and one year of history. Mutual funds require a stable ISIN so records can be identified reliably. ETFs also require at least $1m in median 20-day traded value. Leveraged, inverse, single-stock, volatility, daily-reset, ETN, money-market and closed-end structures are excluded. When a provider supplies consistent family and category identifiers, Palance retains the cheapest qualifying mutual-fund share class for each matching strategy. Value, growth and portfolio dividend-yield rankings require at least 80% equity exposure so a minority equity sleeve is not presented as representative of an entire mixed or bond portfolio. A ranking is published with its actual qualifying count when at least one instrument has the complete required input set.
Fixed income
The fixed-income universe uses eligible bond ETFs and mutual funds with at least 80% bond allocation. The Yield table ranks by published portfolio yield to maturity. TTM distribution rate is shown only as context and is not an expected return. Duration, coupon, share-class currency, disclosed hedging status and each fund characteristic's provider date are shown where available. Compare Treasury-bill funds only with similarly short-duration sovereign exposure on the same currency and hedging basis. Credit quality is withheld until a consistently comparable source is available.
Crypto
Eligible assets are active USD-quoted pairs with at least $100m in market capitalization, one year of history and $1m in median 20-day traded value. Stablecoins, wrapped or bridged duplicates, liquid-staking assets, tokenized securities and synthetic representations are excluded.
Market yield
Market proxies use the income measure appropriate to the exposure: portfolio dividend yield for equities, sectors, countries, regions and listed real estate; portfolio yield to maturity for fixed-income and Treasury-bill exposures. Commodities without an economic yield remain unavailable rather than being shown as zero. The table states each row's basis because dividend yield and YTM use different conventions and are not directly interchangeable.
Fund distributions
ETF and mutual-fund performance tables show the provider-reported trailing-twelve-month distribution rate for context. Distributions may contain dividends, interest, option proceeds, gains or return of capital. The rate is not the ranking measure, is not an expected return and must not be added to one-year total return, which already incorporates distributions where adjusted-price data permits.
Fund characteristics
ETF and mutual-fund valuation, growth, portfolio dividend yield and fixed-income measures use the product's published portfolio-level data. Palance does not reconstruct these measures from constituent holdings.
Missing information
An instrument is excluded from a specific ranking when its required metric is missing, stale or invalid. Palance does not estimate missing values for public rankings.
Currency
Market research uses USD-quoted ETF proxies. Stock performance uses each listing's quoted currency; mixed-currency return distributions and percentiles are omitted rather than implying common-currency investor returns. Market capitalization eligibility uses USD values. Listing currency remains visible.
Research context
Medians, quartiles and histograms use the complete qualifying population for the specific ranking, not just its Top 20. Peer percentiles require at least 20 observations and use stock sector or domicile, or fund category. Percentiles describe a measure, not suitability. Dividend-yield and YTM contexts are separate; country, sector, region and asset-class proxies are identifiable cohorts.
Research history
Country and sector total-return charts use cached adjusted prices of named USD-quoted ETF proxies, not historical ranking scores or cohort medians. Daily observations are used through 2Y, weekly for 5Y and monthly for MAX; MAX means available stored history, not necessarily inception. Comparisons are rebased on common dates. Fundamental history requires three verified provider observations spanning six calendar months; retrieval and legacy unverified dates do not qualify. Current ratios or forecasts are never used to invent older observations. Compact dated characteristics are retained for five years.
Research refresh
Named country and sector proxy prices are included in the existing US-market bulk updates. Their fundamental characteristics are checked monthly through the existing rankings job, without refreshing the whole fund universe's fundamentals monthly. Each measure retains its own observation date; checking unchanged data does not create a new historical point. Ranking snapshots retain their published monthly or quarterly schedule.
Country and sector pages
Country pages represent the named investable ETF, not an exhaustive national index. Sector pages use US sector ETFs, not a global sector index. Covered-stock lists show up to five qualifying companies by USD market capitalization and provider domicile or sector, not ETF holdings or revenue exposure. Pages require all three return horizons and at least two usable fundamental measures; missing measures are omitted.
Rankings describe historical or point-in-time information. They do not predict future returns, suitability, liquidity during stressed markets or the availability of an instrument to a particular investor.