Aptus Drawdown Managed Equity ETF
ALTAR
Score™
3.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.3x P/Sales
ratio
4.3x
P/BV
ratio
5.6x Div.
yield
1.0%


  • 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) $201
Currency USD
Expense ratio 79 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 67
Wgt avg mkt cap (mns) $517,270
Large cap (>$10bn) 97.9%
Mid cap ($2-10bn) 2.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.5 %
MICROSOFT CORP 5.1 %
AMAZON.COM INC 4.2 %
ALPHABET INC. CLASS C 3.3 %
LAM RESEARCH CORP 2.5 %
NEXTERA ENERGY GROUP 2.4 %
INTUITIVE SURGICAL INC 2.1 %
BLACKROCK INC 2.1 %
HOME DEPOT INC 2.1 %
UNITEDHEALTH GROUP INC 2.1 %
Total 32.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
NETHERLANDS 2.0 %
BRITAIN 1.0 %
IRELAND 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.2% 18.2% -- -- 18.8%

Market Correlations
versus... Beta R-squared
S&P500 0.55 89%
MSCI EAFE 0.47 74%
MSCI Emg. Mkts. 0.40 61%

Technical Indicators
Recent close $35.71
30d moving avg. $35.68
Annualized volatility 14.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $120,996

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 79 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 56.9 79 0 3.9 +0.7
XLG Invesco S&P 500 Top 50 ETF 51.2 20 59 4.2 +1.0
OEF iShares S&P 100 ETF 50.0 20 59 4.3 +1.1
IWL iShares Russell Top 200 ETF 48.6 15 64 4.5 +1.3
MGC Vanguard Mega Cap Index Fund 48.4 7 72 4.7 +1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 48.2 0 79 4.6 +1.4
PBP Invesco S&P 500 BuyWrite ETF 45.6 49 30 4.4 +1.2
ESGV Vanguard ESG U.S. Stock ETF 45.3 12 67 4.6 +1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 45.1 60 19 4.4 +1.2
VOOG Vanguard S&P 500 Growth ETF 45.0 10 69 4.1 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.0 20 59 4.7 +1.5
SPY SPDR S&P 500 ETF Trust 44.7 9 70 4.8 +1.6
SPLG SPDR Portfolio Large Cap ETF 44.7 3 76 4.8 +1.6
IVV iShares Core S&P 500 ETF 44.6 3 76 4.8 +1.6
VOO VANGUARD S&P 500 ETF 44.3 3 76 4.9 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 44.2 27 52 4.7 +1.5
IWY iShares Russell Top 200 Growth ETF 43.9 20 59 3.7 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.8 20 59 4.9 +1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 43.6 4 75 3.8 +0.6
IVW iShares S&P 500 Growth ETF 43.6 18 61 3.7 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 43.6 27 52 4.4 +1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 43.0 7 72 4.6 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 43.0 27 52 4.5 +1.3
SNPE Xtrackers S&P 500 ESG ETF 42.7 10 69 4.7 +1.5
EFIV SPDR S&P 500 ESG ETF 42.7 10 69 4.7 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 42.4 12 67 4.1 +0.9
IUSG iShares Core S&P US Growth ETF 42.3 4 75 3.8 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 42.1 2 77 4.7 +1.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 42.1 15 64 4.7 +1.6
VV Vanguard Large-Cap Index Fund 42.1 4 75 4.7 +1.5
TMFC Motley Fool 100 Index ETF 41.7 50 29 3.2 -0.0
PBUS Invesco PureBeta MSCI USA ETF 41.7 4 75 4.7 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 41.5 32 47 4.6 +1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.5 60 19 3.7 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 41.5 4 75 3.3 +0.1
MGK Vanguard Mega Cap Growth ETF 41.3 7 72 3.8 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 41.3 15 64 4.5 +1.3
IWF iShares Russell 1000 Growth ETF 41.0 19 60 3.6 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 40.8 3 76 4.9 +1.7
SCHX Schwab U.S. Large-Cap ETF 40.7 3 76 4.6 +1.5
HIPR Direxion High Growth ETF 40.6 40 39 4.0 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 40.6 8 71 3.7 +0.5
SCHK Schwab 1000 Index ETF 39.7 5 74 4.7 +1.5
IWB iShares Russell 1000 ETF 39.7 15 64 4.6 +1.4
CATH Global X S&P 500 Catholic Values Custom ETF 39.3 29 50 4.7 +1.5
IYY iShares Dow Jones U.S. ETF 39.2 20 59 4.5 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.6 15 64 5.8 +2.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.4 12 67 5.0 +1.8
VUG Vanguard Growth Index Fund 38.2 4 75 3.6 +0.5
VTHR Vanguard Russell 3000 Index Fund 38.1 10 69 4.5 +1.3
SPQQ Siren Large Cap Blend Index ETF 38.0 20 59 4.3 +1.1
FDMO Fidelity Momentum Factor ETF 37.2 29 50 2.5 -0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 37.1 75 4 3.6 +0.5
IWV iShares Russell 3000 ETF 37.0 20 59 4.4 +1.2
SCHB Schwab U.S. Broad Market ETF 36.9 3 76 4.5 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.6 3 76 4.5 +1.3
VONE Vanguard Russell 1000 ETF 36.6 8 71 4.6 +1.5
SFY SoFi Select 500 ETF 36.4 0 79 4.6 +1.5
IQSU IQ Candriam ESG US Equity ETF 36.3 9 70 4.6 +1.4
SPMO Invesco S&P 500 Momentum ETF 36.3 13 66 4.0 +0.8
FQAL Fidelity Quality Factor ETF 35.9 29 50 5.1 +1.9
VTI Vanguard Total Stock Market Index Fund 35.9 3 76 4.5 +1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 35.9 9 70 4.9 +1.7
IGM iShares Expanded Tech Sector ETF 35.1 46 33 3.4 +0.3
QLC FlexShares US Quality Large Cap Index Fund 34.9 32 47 4.5 +1.3
DFAU Dimensional US Core Equity Market ETF 34.8 12 67 4.7 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 34.7 49 30 4.8 +1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 34.7 49 30 3.5 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 34.5 60 19 3.2 -0.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 34.5 60 19 3.2 +0.0
QQQ Invesco QQQ Trust 34.4 20 59 3.6 +0.4
QQQM Invesco NASDAQ 100 ETF 34.4 15 64 3.7 +0.5
NUSI Nationwide Risk-Managed Income ETF 34.4 68 11 3.1 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 34.1 8 71 6.0 +2.8
QUS SPDR MSCI USA StrategicFactors ETF 33.7 15 64 5.3 +2.1
IETC iShares Evolved U.S. Technology ETF 33.3 18 61 3.6 +0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.2 42 37 4.7 +1.5
SYG SPDR MFS Systematic Growth Equity ETF 32.6 60 19 3.6 +0.4
FVAL Fidelity Value Factor ETF 32.5 29 50 6.9 +3.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 32.5 19 60 5.4 +2.2
SPXT ProShares S&P 500 Ex-Technology ETF 32.5 27 52 4.9 +1.7
LRGE ClearBridge Large Cap Growth ESG ETF 31.9 59 20 3.4 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 31.8 25 54 5.6 +2.5
JKE iShares Morningstar Large-Cap Growth ETF 31.6 25 54 2.3 -0.9
RECS Columbia Research Enhanced Core ETF 31.6 15 64 5.2 +2.0
SYE SPDR MFS Systematic Core Equity ETF 31.6 60 19 4.9 +1.7
FLRG Fidelity U.S. Multifactor ETF 31.1 29 50 6.0 +2.8
STLG iShares Factors US Growth Style ETF 30.8 25 54 4.0 +0.9
RFFC RiverFront Dynamic US Flex-Cap ETF 30.7 52 27 4.5 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 30.7 25 54 5.9 +2.7
YLDE ClearBridge Dividend Strategy ESG ETF 30.6 60 19 4.5 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 30.6 21 58 3.0 -0.2
ECOZ TrueMark ESG Active Opportunities ETF 30.5 58 21 3.1 -0.1
SUSA iShares MSCI USA ESG Select ETF 30.3 25 54 4.3 +1.1
DSI iShares MSCI KLD 400 Social ETF 30.2 25 54 4.7 +1.5
KRMA Global X Conscious Companies ETF 30.1 43 36 4.9 +1.7
IOO iShares Global 100 ETF 30.0 40 39 4.4 +1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 30.0 9 70 5.1 +1.9
TOK iShares MSCI Kokusai ETF 29.9 25 54 5.0 +1.8

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 19.5 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.49
 
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.