Aptus Drawdown Managed Equity ETF
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.9x P/Sales
ratio
3.5x
P/BV
ratio
5.1x Div.
yield
1.3%


  • 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) $143
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 45
Wgt avg mkt cap (mns) $368,213
Large cap (>$10bn) 96.1%
Mid cap ($2-10bn) 3.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.6 %
APPLE INC 5.3 %
AMAZON.COM INC 4.1 %
ALPHABET INC. CLASS C 3.6 %
PAYPAL HOLDINGS INC 2.7 %
HOME DEPOT INC 2.6 %
DOLLAR GENERAL CORP 2.5 %
POOL CORP 2.5 %
MSCI INC-A 2.4 %
AMERICAN TOWER CORP-CL A 2.2 %
Total 33.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.2% -- -- -- 6.3%

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

Technical Indicators
Recent close $31.92
30d moving avg. $30.59
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $88,039

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™: 3.8%


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 57.2 79 2 4.5 +0.7
OEF iShares S&P 100 ETF 47.3 20 61 5.0 +1.1
XLG Invesco S&P 500 Top 50 ETF 46.9 20 61 4.7 +0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 44.0 12 69 4.9 +1.0
IWL iShares Russell Top 200 ETF 43.8 15 66 5.2 +1.4
TMFC Motley Fool 100 Index ETF 43.6 50 31 4.0 +0.1
MGC Vanguard Mega Cap Index Fund 42.9 7 74 5.3 +1.5
PBP Invesco S&P 500 BuyWrite ETF 42.4 49 32 5.1 +1.3
IWY iShares Russell Top 200 Growth ETF 42.3 20 61 4.3 +0.5
HSPX Global X S&P 500 Covered Call ETF 42.2 65 16 5.0 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.9 20 61 5.1 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 41.7 4 77 4.5 +0.7
IVW iShares S&P 500 Growth ETF 41.7 18 63 4.3 +0.5
VOOG Vanguard S&P 500 Growth ETF 41.6 10 71 4.4 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.3 20 61 5.5 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 41.3 27 54 5.4 +1.6
IUSG iShares Core S&P US Growth ETF 40.5 4 77 4.5 +0.7
SPLG SPDR Portfolio Large Cap ETF 40.4 3 78 5.5 +1.7
IVV iShares Core S&P 500 ETF 40.4 4 77 5.5 +1.7
SPY SPDR S&P 500 ETF Trust 40.4 9 72 5.5 +1.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 40.2 29 52 4.3 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.1 12 69 5.1 +1.3
MGK Vanguard Mega Cap Growth ETF 40.1 7 74 4.3 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 40.0 4 77 4.3 +0.5
VOO VANGUARD S&P 500 ETF 40.0 3 78 5.5 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 39.6 15 66 5.2 +1.3
VONG Vanguard Russell 1000 Growth Index Fund 39.1 8 73 4.4 +0.6
IWF iShares Russell 1000 Growth ETF 39.1 19 62 4.3 +0.5
VV Vanguard Large-Cap Index Fund 39.0 4 77 5.4 +1.6
FDMO Fidelity Momentum Factor ETF 39.0 29 52 3.9 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 39.0 27 54 5.2 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 38.9 27 54 5.1 +1.3
SNPE Xtrackers S&P 500 ESG ETF 38.7 11 70 5.2 +1.4
PBUS Invesco PureBeta MSCI USA ETF 38.4 4 77 5.4 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 38.3 2 79 5.4 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 37.6 32 49 5.2 +1.4
SCHX Schwab U.S. Large-Cap ETF 37.5 3 78 5.4 +1.6
VUG Vanguard Growth Index Fund 37.5 4 77 4.2 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 37.3 3 78 5.6 +1.8
IWB iShares Russell 1000 ETF 36.6 15 66 5.3 +1.5
IQSU IQ Candriam ESG US Equity ETF 36.5 9 72 5.3 +1.5
ESGV Vanguard ESG U.S. Stock ETF 36.3 12 69 5.3 +1.5
VONE Vanguard Russell 1000 ETF 36.3 8 73 5.4 +1.6
SCHK Schwab 1000 Index ETF 36.3 5 76 5.4 +1.6
IGM iShares North American Tech ETF 36.2 46 35 4.0 +0.2
IYY iShares Dow Jones U.S. ETF 35.9 20 61 5.3 +1.4
ECOZ TrueMark ESG Active Opportunities ETF 35.6 58 23 4.4 +0.6
NACP Impact Shares NAACP Minority Empowerment ETF 35.6 75 6 4.6 +0.8
JKE iShares Morningstar Large-Cap Growth ETF 35.6 25 56 3.5 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 35.3 60 21 3.7 -0.1
NUSI Nationwide Risk-Managed Income ETF 35.0 68 13 3.7 -0.2
LRGE ClearBridge Large Cap Growth ESG ETF 34.9 60 21 4.0 +0.1
RECS Columbia Research Enhanced Core ETF 34.9 15 66 5.7 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 34.9 15 66 4.8 +1.0
QQQ Invesco QQQ Trust 34.8 20 61 4.1 +0.3
IWV iShares Russell 3000 ETF 34.4 20 61 5.2 +1.3
SCHB Schwab U.S. Broad Market ETF 34.4 3 78 5.4 +1.5
SFY SoFi Select 500 ETF 34.4 0 81 5.4 +1.5
FDLO Fidelity Low Volatility Factor ETF 34.4 29 52 5.2 +1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.3 3 78 5.3 +1.4
VTI Vanguard Total Stock Market Index Fund 34.2 3 78 5.3 +1.4
VTHR Vanguard Russell 3000 Index Fund 34.2 10 71 5.3 +1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.1 60 21 4.5 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 33.9 15 66 6.4 +2.5
WOMN Impact Shares YWCA Women's Empowerment ETF 33.9 75 6 4.6 +0.7
IETC iShares Evolved U.S. Technology ETF 33.7 18 63 4.1 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 33.7 29 52 5.3 +1.5
GVIP Goldman Sachs Hedge Industry VIP ETF 33.0 45 36 5.0 +1.2
FQAL Fidelity Quality Factor ETF 33.0 29 52 5.5 +1.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 33.0 52 29 6.0 +2.2
CCOR Core Alternative ETF 32.9 123 -42 4.3 +0.4
YLDE ClearBridge Dividend Strategy ESG ETF 32.7 60 21 5.0 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.6 9 72 5.6 +1.8
SYG SPDR MFS Systematic Growth Equity ETF 32.4 60 21 4.6 +0.8
VEGN US Vegan Climate ETF 32.4 60 21 5.3 +1.5
SPMO Invesco S&P 500 Momentum ETF 32.0 13 68 4.5 +0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.8 19 62 5.7 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 30.9 21 60 3.2 -0.6
RFFC RiverFront Dynamic US Flex-Cap ETF 30.6 52 29 5.5 +1.7
EPS WisdomTree U.S. Earnings 500 Fund 30.6 8 73 6.5 +2.7
QUS SPDR MSCI USA StrategicFactors ETF 30.3 15 66 5.9 +2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 29.6 25 56 6.0 +2.2
FVAL Fidelity Value Factor ETF 29.6 29 52 8.1 +4.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 29.5 49 32 4.2 +0.3
IOO iShares Global 100 ETF 29.0 40 41 4.9 +1.1
PFM Invesco Dividend Achievers ETF 28.6 54 27 5.4 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.5 10 71 5.5 +1.6
SUSL iShares ESG MSCI USA Leaders ETF 28.5 10 71 5.4 +1.6
DSI iShares MSCI KLD 400 Social ETF 28.4 25 56 5.3 +1.5
EXT WisdomTree U.S. Total Earnings Fund 28.3 28 53 5.8 +2.0
QLC FlexShares US Quality Large Cap Index Fund 28.3 32 49 5.6 +1.8
SPXT ProShares S&P 500 Ex-Technology ETF 28.2 27 54 5.7 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 28.1 55 26 3.5 -0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 28.0 28 53 6.6 +2.8
CACG ClearBridge All Cap Growth ETF 27.9 54 27 4.5 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 27.9 42 39 5.7 +1.8
FTHI First Trust High Income ETF 27.9 85 -4 5.5 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 27.2 28 53 6.4 +2.6
IUS Invesco Strategic US ETF 27.0 19 62 6.2 +2.4
TOK iShares MSCI Kokusai ETF 26.9 25 56 5.8 +1.9

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 21.9 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 81 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.53
 
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.