AI Powered Equity ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.0x P/Sales
ratio
1.9x
P/BV
ratio
4.4x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AI Powered Equity ETF seeks to provide investment results that exceed broad U.S. Equity benchmark indices at equivalent levels of volatility. The fund typically invests in 40-70 names but analyzes and compares thousands of U.S. companies on a daily basis to find and optimize exposures within the portfolio.

FUND BASICS
Category US Equities
Fund Sponsor ETF Managers Group
Website www.equbotetf.com
Inception date Oct 18, 2017
Assets (mns) $90
Currency USD
Expense ratio 87 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 128
Wgt avg mkt cap (mns) $201,763
Large cap (>$10bn) 81.0%
Mid cap ($2-10bn) 16.3%
Small cap (<$2bn) 2.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 3.9 %
ALPHABET INC. CLASS A 3.7 %
TELADOC INC 3.1 %
MODERNA, INC. 2.9 %
GILEAD SCIENCES INC 2.5 %
MICROSOFT CORP 2.2 %
THERMO FISHER SCIENTIFIC INC 1.7 %
NETFLIX INC 1.7 %
BOX, INC. CLASS A 1.7 %
ABBOTT LABORATORIES 1.5 %
Total 24.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
CANADA 0.4 %









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.
-3.0% 11.8% -- -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.17 95%
MSCI EAFE 1.17 81%
MSCI Emg. Mkts. 0.87 66%

Technical Indicators
Recent close $27.27
30d moving avg. $26.47
Annualized volatility 21.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.6%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $114,555

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: AIEQ Expense: 87 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIEQ
Ticker Fund
Name
Overlap1
vs AIEQ
(%)
Expense
ratio
(bp)
Savings
vs AIEQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIEQ
(%)
PBP Invesco S&P 500 BuyWrite ETF 33.5 49 38 5.1 +1.7
FDMO Fidelity Momentum Factor ETF 33.3 29 58 4.0 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.1 12 75 5.1 +1.7
HSPX Global X S&P 500 Covered Call ETF 33.1 65 22 4.9 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 32.7 27 60 5.1 +1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 32.7 60 27 4.6 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 32.6 27 60 5.4 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.4 20 67 5.5 +2.1
SPLG SPDR Portfolio Large Cap ETF 32.2 3 84 5.5 +2.1
IVV iShares Core S&P 500 ETF 32.2 4 83 5.5 +2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.2 9 78 5.6 +2.2
SPY SPDR S&P 500 ETF Trust 32.2 9 78 5.4 +2.0
PBUS Invesco PureBeta MSCI USA ETF 31.9 4 83 5.3 +2.0
VOO VANGUARD S&P 500 ETF 31.8 3 84 5.5 +2.1
VV Vanguard Large-Cap Index Fund 31.8 4 83 5.3 +2.0
MGC Vanguard Mega Cap Index Fund 31.8 7 80 5.3 +1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.6 2 85 5.4 +2.0
IWL iShares Russell Top 200 ETF 31.6 15 72 5.1 +1.8
SFY SoFi Select 500 ETF 31.6 0 87 5.3 +2.0
SCHX Schwab U.S. Large-Cap ETF 31.5 3 84 5.4 +2.0
SPTM SPDR Portfolio Total Stock Market ETF 31.0 3 84 5.6 +2.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.0 15 72 4.8 +1.5
SCHK Schwab 1000 Index ETF 31.0 5 82 5.3 +2.0
IWB iShares Russell 1000 ETF 31.0 15 72 5.2 +1.9
IYY iShares Dow Jones U.S. ETF 30.8 20 67 5.2 +1.9
VONE Vanguard Russell 1000 ETF 30.7 8 79 5.3 +2.0
VTI Vanguard Total Stock Market Index Fund 30.1 3 84 5.2 +1.8
SCHB Schwab U.S. Broad Market ETF 30.0 3 84 5.3 +1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.0 3 84 5.2 +1.9
IWV iShares Russell 3000 ETF 30.0 20 67 5.1 +1.7
OEF iShares S&P 100 ETF 29.8 20 67 4.9 +1.6
VTHR Vanguard Russell 3000 Index Fund 29.8 10 77 5.2 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.7 15 72 6.2 +2.9
ESGU iShares MSCI USA ESG Optimized ETF 29.5 15 72 5.1 +1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 29.3 20 67 5.0 +1.7
SPXT ProShares S&P 500 Ex-Technology ETF 29.3 27 60 5.6 +2.2
JHML John Hancock Multifactor Large Cap ETF 29.2 34 53 5.5 +2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 28.7 4 83 4.5 +1.1
SNPE Xtrackers S&P 500 ESG ETF 28.7 11 76 5.2 +1.8
IUS Invesco Strategic US ETF 28.7 19 68 6.2 +2.8
IVW iShares S&P 500 Growth ETF 28.7 18 69 4.3 +1.0
VOOG Vanguard S&P 500 Growth ETF 28.4 10 77 4.4 +1.1
IUSG iShares Core S&P US Growth ETF 28.3 4 83 4.5 +1.1
ECOZ TrueMark ESG Active Opportunities ETF 27.9 58 29 4.5 +1.1
IWF iShares Russell 1000 Growth ETF 27.7 19 68 4.3 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 27.7 8 79 4.4 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 27.6 8 79 6.4 +3.0
IQSU IQ Candriam ESG US Equity ETF 27.6 9 78 5.3 +1.9
EXT WisdomTree U.S. Total Earnings Fund 27.6 28 59 5.7 +2.4
KRMA Global X Conscious Companies ETF 27.2 43 44 5.2 +1.9
ESGV Vanguard ESG U.S. Stock ETF 27.2 12 75 5.3 +1.9
RWL Invesco S&P 500 Revenue ETF 27.1 39 48 6.7 +3.3
AFLG First Trust Active Factor Large Cap ETF 26.9 55 32 5.6 +2.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 26.7 12 75 4.9 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 26.7 75 12 4.5 +1.1
IWY iShares Russell Top 200 Growth ETF 26.6 20 67 4.3 +1.0
CATH Global X S&P 500 Catholic Values Custom ETF 26.6 29 58 5.3 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 26.6 4 83 4.3 +1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 26.5 30 57 5.1 +1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 26.4 27 60 5.1 +1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.2 25 62 6.1 +2.7
FTC First Trust Large Cap Growth AlphaDEX Fund 26.1 61 26 3.0 -0.3
XLG Invesco S&P 500 Top 50 ETF 26.1 20 67 4.7 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.0 75 12 3.7 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 25.8 32 55 5.2 +1.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.6 34 53 5.2 +1.8
FQAL Fidelity Quality Factor ETF 25.6 29 58 5.4 +2.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 25.5 70 17 4.8 +1.4
SPLV Invesco S&P 500 Low Volatility ETF 25.4 25 62 5.7 +2.3
AVUS Avantis U.S. Equity ETF 25.3 15 72 5.7 +2.4
TECB iShares US Tech Breakthrough Multisector ETF 25.2 40 47 4.1 +0.8
TOK iShares MSCI Kokusai ETF 25.0 25 62 5.7 +2.4
JKE iShares Morningstar Large-Cap Growth ETF 24.9 25 62 3.5 +0.1
FVAL Fidelity Value Factor ETF 24.8 29 58 8.0 +4.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.7 25 62 6.4 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 24.6 39 48 6.6 +3.3
WOMN Impact Shares YWCA Women's Empowerment ETF 24.4 75 12 4.5 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 24.4 15 72 5.8 +2.4
FLQL Franklin LibertyQ U.S. Equity ETF 24.4 15 72 6.2 +2.9
TTAC TrimTabs Float Shrink ETF 24.3 59 28 3.6 +0.2
VUG Vanguard Growth Index Fund 24.2 4 83 4.2 +0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.9 52 35 5.9 +2.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 23.9 25 62 6.4 +3.0
EQWL Invesco Russell Top 200 Equal Weight ETF 23.8 25 62 5.9 +2.5
JQUA JPMorgan U.S. Quality Factor ETF 23.7 12 75 5.2 +1.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.5 49 38 4.2 +0.8
URTH iShares MSCI World ETF 23.5 24 63 5.8 +2.4
FDLO Fidelity Low Volatility Factor ETF 23.5 29 58 5.2 +1.8
TMFC Motley Fool 100 Index ETF 23.4 50 37 4.0 +0.6
ADME Aptus Drawdown Managed Equity ETF 23.3 81 6 3.9 +0.5
RECS Columbia Research Enhanced Core ETF 23.3 15 72 5.6 +2.3
QYLD Global X NASDAQ 100 Covered Call ETF 23.2 60 27 3.7 +0.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 23.2 60 27 6.2 +2.8
NUSI Nationwide Risk-Managed Income ETF 23.0 68 19 3.7 +0.3
MGK Vanguard Mega Cap Growth ETF 23.0 7 80 4.3 +1.0
QQQ Invesco QQQ Trust 22.9 20 67 4.1 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 22.8 28 59 6.3 +2.9
RFFC RiverFront Dynamic US Flex-Cap ETF 22.6 52 35 5.4 +2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 22.5 30 57 6.6 +3.3
ACIO Aptus Collared Income Opportunity ETF 22.5 79 8 4.5 +1.2

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:
AI Powered 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 17.7 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 87 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.