Aptus Drawdown Managed Equity ETF
ALTAR
Score™
3.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.5x P/Sales
ratio
4.2x
P/BV
ratio
5.5x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ADME is actively managed to select large-cap U.S. stocks that exhibit positive fundamental and momentum characteristics combined with a downside hedge. Securities are generally equally weighted.

FUND BASICS
Category US Equities
Fund Sponsor Aptus Capital Advisors
Website www.aptusetfs.com
Inception date Jun 09, 2016
Assets (mns) $156
Currency USD
Expense ratio 81 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $475,570
Large cap (>$10bn) 96.2%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.6 %
MICROSOFT CORP 5.9 %
AMAZON.COM INC 4.9 %
ALPHABET INC. CLASS C 3.3 %
HOME DEPOT INC 2.6 %
MSCI INC-A 2.5 %
FACEBOOK 2.4 %
PAYPAL HOLDINGS INC 2.4 %
LAM RESEARCH CORP 2.3 %
NETFLIX INC 2.3 %
Total 35.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 2.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.9% -- -- -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $34.00
30d moving avg. $33.35
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $87,498

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Aptus Drawdown Managed Equity ETF ETF based on the alternatives' overlap in portfolio holdings with ADME. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ADME Expense: 81 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ADME
Ticker Fund
Name
Overlap1
vs ADME
(%)
Expense
ratio
(bp)
Savings
vs ADME
(bp)
ALTAR
Score™
(%)
ALTAR
vs ADME
(%)
ACIO Aptus Collared Income Opportunity ETF 58.2 79 2 4.0 +0.8
XLG Invesco S&P 500 Top 50 ETF 50.1 20 61 4.3 +1.1
OEF iShares S&P 100 ETF 48.9 20 61 4.6 +1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 47.1 0 81 4.9 +1.7
IWL iShares Russell Top 200 ETF 46.9 15 66 4.7 +1.5
MGC Vanguard Mega Cap Index Fund 46.2 7 74 5.0 +1.8
PBP Invesco S&P 500 BuyWrite ETF 45.4 49 32 4.7 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.2 20 61 4.7 +1.5
HSPX Global X S&P 500 Covered Call ETF 44.9 65 16 4.6 +1.4
IWY iShares Russell Top 200 Growth ETF 44.1 20 61 3.7 +0.5
SPY SPDR S&P 500 ETF Trust 44.0 9 72 5.1 +1.9
SPXE ProShares S&P 500 Ex-Energy ETF 44.0 27 54 5.1 +1.9
SPLG SPDR Portfolio Large Cap ETF 44.0 3 78 5.2 +2.0
IVV iShares Core S&P 500 ETF 44.0 4 77 5.2 +2.0
TMFC Motley Fool 100 Index ETF 43.9 50 31 3.3 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.9 20 61 5.1 +1.9
VOOG Vanguard S&P 500 Growth ETF 43.8 10 71 4.1 +0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 43.8 4 77 4.2 +1.0
IVW iShares S&P 500 Growth ETF 43.8 18 63 4.0 +0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 43.8 12 69 4.6 +1.4
VOO VANGUARD S&P 500 ETF 43.7 3 78 5.2 +2.0
IUSG iShares Core S&P US Growth ETF 42.8 4 77 4.2 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 42.6 7 74 5.0 +1.8
SPXN ProShares S&P 500 Ex-Financials ETF 42.3 27 54 4.7 +1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 42.3 27 54 4.7 +1.5
SCHG Schwab U.S. Large-Cap Growth ETF 42.1 4 77 3.9 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.9 12 69 4.5 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.9 2 79 5.1 +1.9
ESGU iShares MSCI USA ESG Optimized ETF 41.8 15 66 4.9 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 41.7 8 73 3.7 +0.5
IWF iShares Russell 1000 Growth ETF 41.6 19 62 3.6 +0.4
SNPE Xtrackers S&P 500 ESG ETF 41.5 11 70 4.9 +1.7
VV Vanguard Large-Cap Index Fund 41.3 4 77 5.0 +1.8
PBUS Invesco PureBeta MSCI USA ETF 41.2 4 77 5.0 +1.8
MGK Vanguard Mega Cap Growth ETF 41.1 7 74 3.9 +0.7
SCHX Schwab U.S. Large-Cap ETF 40.8 3 78 5.1 +1.9
ESG FlexShares STOXX US ESG Impact Index Fund 40.7 32 49 4.8 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.7 60 21 3.9 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 40.6 3 78 5.3 +2.1
FDMO Fidelity Momentum Factor ETF 40.4 29 52 3.7 +0.5
SCHK Schwab 1000 Index ETF 39.5 5 76 5.0 +1.8
VONE Vanguard Russell 1000 ETF 39.3 8 73 5.0 +1.8
IWB iShares Russell 1000 ETF 39.2 15 66 4.9 +1.7
IYY iShares Dow Jones U.S. ETF 39.0 20 61 4.9 +1.7
VUG Vanguard Growth Index Fund 38.7 4 77 3.8 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 38.5 29 52 5.0 +1.8
IQSU IQ Candriam ESG US Equity ETF 38.1 9 72 4.9 +1.7
ESGV Vanguard ESG U.S. Stock ETF 37.8 12 69 4.9 +1.7
IGM iShares Expanded Tech Sector ETF 37.7 46 35 3.7 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.6 15 66 6.0 +2.8
SCHB Schwab U.S. Broad Market ETF 37.4 3 78 5.0 +1.8
HIPR Direxion High Growth ETF 37.3 40 41 4.3 +1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.2 3 78 4.9 +1.7
IWV iShares Russell 3000 ETF 37.0 20 61 4.8 +1.6
VTHR Vanguard Russell 3000 Index Fund 37.0 10 71 4.8 +1.6
SYG SPDR MFS Systematic Growth Equity ETF 36.5 60 21 4.2 +1.0
QYLD Global X NASDAQ 100 Covered Call ETF 36.1 60 21 3.3 +0.1
NUSI Nationwide Risk-Managed Income ETF 36.0 68 13 3.3 +0.1
VTI Vanguard Total Stock Market Index Fund 36.0 3 78 4.9 +1.7
SFY SoFi Select 500 ETF 35.9 0 81 5.0 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 35.8 9 72 5.3 +2.1
QQQ Invesco QQQ Trust 35.8 20 61 3.7 +0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 35.5 15 66 4.1 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 35.3 25 56 2.8 -0.5
IETC iShares Evolved U.S. Technology ETF 35.1 18 63 3.7 +0.5
FDLO Fidelity Low Volatility Factor ETF 35.0 29 52 4.9 +1.7
NACP Impact Shares NAACP Minority Empowerment ETF 34.6 75 6 4.6 +1.4
FQAL Fidelity Quality Factor ETF 34.3 29 52 5.3 +2.1
STLG iShares Factors US Growth Style ETF 33.9 25 56 3.5 +0.3
RECS Columbia Research Enhanced Core ETF 33.9 15 66 5.4 +2.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.8 49 32 3.8 +0.6
SPMO Invesco S&P 500 Momentum ETF 33.4 13 68 4.1 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 33.2 8 73 6.2 +3.0
ECOZ TrueMark ESG Active Opportunities ETF 33.0 58 23 3.9 +0.7
YLDE ClearBridge Dividend Strategy ESG ETF 32.9 60 21 4.7 +1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 32.4 21 60 3.0 -0.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 32.3 42 39 5.2 +2.0
LRGE ClearBridge Large Cap Growth ESG ETF 32.1 59 22 3.6 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 32.0 15 66 5.6 +2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.8 19 62 5.8 +2.6
FVAL Fidelity Value Factor ETF 31.7 29 52 7.6 +4.4
QLC FlexShares US Quality Large Cap Index Fund 30.8 32 49 5.2 +2.0
CCOR Core Alternative ETF 30.8 123 -42 4.1 +0.9
GVIP Goldman Sachs Hedge Industry VIP ETF 30.3 45 36 4.3 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 30.2 27 54 5.4 +2.2
SUSA iShares MSCI USA ESG Select ETF 30.1 25 56 4.6 +1.4
IOO iShares Global 100 ETF 30.0 40 41 4.6 +1.4
VEGN US Vegan Climate ETF 30.0 60 21 5.0 +1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 29.9 25 56 5.9 +2.7
AVUS Avantis U.S. Equity ETF 29.8 15 66 5.4 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 29.6 40 41 4.0 +0.8
TOK iShares MSCI Kokusai ETF 29.6 25 56 5.3 +2.1
AFLG First Trust Active Factor Large Cap ETF 29.5 55 26 5.3 +2.1
KOKU Xtrackers MSCI Kokusai Equity ETF 29.4 9 72 5.5 +2.3
KRMA Global X Conscious Companies ETF 29.4 43 38 4.9 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 29.3 75 6 4.2 +1.0
SFYF SoFi 50 ETF 29.1 29 52 1.7 -1.5
EXT WisdomTree U.S. Total Earnings Fund 29.0 28 53 5.0 +1.8
DSI iShares MSCI KLD 400 Social ETF 28.9 25 56 5.0 +1.8
SYE SPDR MFS Systematic Core Equity ETF 28.8 60 21 5.5 +2.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Aptus Drawdown Managed Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.3 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 81 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.