AI Powered Equity ETF
ALTAR
Score™
2.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
32.7x P/Sales
ratio
2.9x
P/BV
ratio
5.1x Div.
yield
0.6%


  • 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 17, 2017
Assets (mns) $96
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 151
Wgt avg mkt cap (mns) $286,840
Large cap (>$10bn) 79.7%
Mid cap ($2-10bn) 16.0%
Small cap (<$2bn) 4.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.0 %
ALPHABET INC. CLASS A 3.7 %
AMAZON.COM INC 3.3 %
ADVANCED MICRO DEVICES 3.1 %
TESLA MOTORS INC 2.1 %
MICROSOFT CORP 1.9 %
TELADOC INC 1.7 %
NVIDIA CORP 1.6 %
LIVONGO HEALTH, INC. 1.6 %
ROKU, INC. CLASS A 1.5 %
Total 24.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
CANADA 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.6% 18.2% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.15 94%
MSCI EAFE 1.16 80%
MSCI Emg. Mkts. 0.84 66%

Technical Indicators
Recent close $31.73
30d moving avg. $31.03
Annualized volatility 21.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $164,581

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™: 2.7%


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
(%)
FDMO Fidelity Momentum Factor ETF 38.5 29 58 3.2 +0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 34.4 15 72 4.1 +1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 33.6 60 27 3.9 +1.3
FTC First Trust Large Cap Growth AlphaDEX Fund 33.5 61 26 2.7 -0.0
SFY SoFi Select 500 ETF 33.0 0 87 4.9 +2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.8 9 78 5.3 +2.7
ESGV Vanguard ESG U.S. Stock ETF 32.8 12 75 4.9 +2.2
PBUS Invesco PureBeta MSCI USA ETF 32.3 4 83 5.0 +2.3
EXT WisdomTree U.S. Total Earnings Fund 32.2 28 59 5.4 +2.7
SCHX Schwab U.S. Large-Cap ETF 32.1 3 84 4.9 +2.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.1 2 85 5.0 +2.4
VV Vanguard Large-Cap Index Fund 32.1 4 83 5.0 +2.3
IWL iShares Russell Top 200 ETF 32.0 15 72 4.7 +2.1
MGC Vanguard Mega Cap Index Fund 32.0 7 80 4.9 +2.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.0 7 80 5.0 +2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 31.9 75 12 3.7 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.9 12 75 4.5 +1.9
HSPX Global X S&P 500 Covered Call ETF 31.9 60 27 4.8 +2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 31.8 0 87 4.9 +2.2
PBP Invesco S&P 500 BuyWrite ETF 31.8 49 38 4.8 +2.1
IWB iShares Russell 1000 ETF 31.7 15 72 4.9 +2.2
SCHK Schwab 1000 Index ETF 31.7 5 82 5.0 +2.3
IYY iShares Dow Jones U.S. ETF 31.6 20 67 4.8 +2.2
IWF iShares Russell 1000 Growth ETF 31.4 19 68 3.6 +0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 31.4 60 27 4.8 +2.1
VONE Vanguard Russell 1000 ETF 31.4 8 79 4.9 +2.3
IVV iShares Core S&P 500 ETF 31.2 3 84 5.2 +2.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.2 20 67 5.1 +2.4
SPY SPDR S&P 500 ETF Trust 31.1 9 78 5.1 +2.4
SPLG SPDR Portfolio Large Cap ETF 31.1 3 84 5.2 +2.5
ESGU iShares MSCI USA ESG Optimized ETF 31.1 15 72 4.8 +2.2
VTHR Vanguard Russell 3000 Index Fund 31.1 10 77 4.8 +2.1
SPXE ProShares S&P 500 Ex-Energy ETF 31.0 27 60 5.0 +2.4
VONG Vanguard Russell 1000 Growth Index Fund 31.0 8 79 3.7 +1.1
SCHB Schwab U.S. Broad Market ETF 31.0 3 84 4.9 +2.2
SPXN ProShares S&P 500 Ex-Financials ETF 31.0 27 60 4.7 +2.1
VOO VANGUARD S&P 500 ETF 30.9 3 84 5.2 +2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.9 3 84 4.8 +2.2
IWV iShares Russell 3000 ETF 30.9 20 67 4.7 +2.1
JMOM JPMorgan U.S. Momentum Factor ETF 30.7 12 75 3.3 +0.6
VOOG Vanguard S&P 500 Growth ETF 30.6 10 77 4.1 +1.5
SCHG Schwab U.S. Large-Cap Growth ETF 30.4 4 83 3.4 +0.7
VTI Vanguard Total Stock Market Index Fund 30.4 3 84 4.8 +2.2
SPTM SPDR Portfolio Total Stock Market ETF 30.2 3 84 5.3 +2.6
IVW iShares S&P 500 Growth ETF 30.2 18 69 16.7 +14.0
SPYG SPDR Portfolio S&P 500 Growth ETF 30.2 4 83 4.2 +1.5
JHML John Hancock Multifactor Large Cap ETF 30.0 29 58 5.3 +2.6
VUG Vanguard Growth Index Fund 29.9 4 83 3.8 +1.1
IQSU IQ Candriam ESG US Equity ETF 29.7 9 78 4.9 +2.2
IUSG iShares Core S&P US Growth ETF 29.7 4 83 4.2 +1.5
TECB iShares US Tech Breakthrough Multisector ETF 29.4 40 47 3.9 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.8 20 67 4.7 +2.1
IWY iShares Russell Top 200 Growth ETF 28.8 20 67 3.8 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 28.6 29 58 4.9 +2.3
QYLD Global X NASDAQ 100 Covered Call ETF 28.1 60 27 3.4 +0.7
SNPE Xtrackers S&P 500 ESG ETF 28.1 10 77 4.9 +2.2
EFIV SPDR S&P 500 ESG ETF 28.1 10 77 4.9 +2.2
MGK Vanguard Mega Cap Growth ETF 28.0 7 80 3.9 +1.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 28.0 34 53 4.5 +1.9
SPMO Invesco S&P 500 Momentum ETF 28.0 13 74 3.9 +1.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 28.0 60 27 3.4 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.9 30 57 6.4 +3.7
SFYF SoFi 50 ETF 27.8 29 58 2.0 -0.7
QQQ Invesco QQQ Trust 27.7 20 67 3.7 +1.0
QQQM Invesco NASDAQ 100 ETF 27.7 15 72 3.9 +1.2
AVUS Avantis U.S. Equity ETF 27.6 15 72 5.4 +2.7
KRMA Global X Conscious Companies ETF 27.6 43 44 5.0 +2.3
NUSI Nationwide Risk-Managed Income ETF 27.3 68 19 3.2 +0.6
OEF iShares S&P 100 ETF 27.2 20 67 4.6 +1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.2 15 72 6.0 +3.4
SPXV ProShares S&P 500 Ex-Health Care ETF 26.9 27 60 4.8 +2.1
KOKU Xtrackers MSCI Kokusai Equity ETF 26.9 9 78 5.5 +2.8
EPS WisdomTree U.S. Earnings 500 Fund 26.8 8 79 6.2 +3.6
TOK iShares MSCI Kokusai ETF 26.8 25 62 5.4 +2.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 26.7 21 66 3.0 +0.3
AFLG First Trust Active Factor Large Cap ETF 26.7 55 32 5.2 +2.6
SPQQ Siren Large Cap Blend Index ETF 26.6 20 67 4.7 +2.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.6 25 62 6.1 +3.4
ESG FlexShares STOXX US ESG Impact Index Fund 26.4 32 55 4.9 +2.2
ECOZ TrueMark ESG Active Opportunities ETF 26.2 58 29 3.6 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.2 49 38 3.9 +1.2
TMFC Motley Fool 100 Index ETF 26.0 50 37 3.3 +0.6
MMLG First Trust Multi-Manager Large Growth ETF 25.7 85 2 2.0 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.7 29 58 5.8 +3.1
URTH iShares MSCI World ETF 25.5 24 63 5.5 +2.8
FEX First Trust Large Cap Core AlphaDEX Fund 25.5 60 27 5.7 +3.0
IETC iShares Evolved U.S. Technology ETF 25.4 18 69 3.7 +1.0
VFMO Vanguard U.S. Momentum Factor ETF 25.4 13 74 0.7 -2.0
IUS Invesco Strategic US ETF 25.2 19 68 6.3 +3.6
HIPR Direxion High Growth ETF 25.2 40 47 4.4 +1.8
IGM iShares Expanded Tech Sector ETF 25.2 46 41 3.7 +1.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 25.0 65 22 2.9 +0.2
XLG Invesco S&P 500 Top 50 ETF 24.7 20 67 4.3 +1.6
STLC iShares Factors US Blend Style ETF 24.7 25 62 5.1 +2.5
USXF iShares ESG Advanced MSCI USA ETF 24.3 10 77 4.8 +2.1
RBUS Nationwide Risk-Based U.S. Equity ETF 24.3 30 57 4.6 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 24.2 15 72 5.7 +3.0
NACP Impact Shares NAACP Minority Empowerment ETF 24.2 75 12 4.6 +2.0
SPXT ProShares S&P 500 Ex-Technology ETF 24.1 27 60 5.4 +2.7
FTHI First Trust High Income ETF 24.0 85 2 4.9 +2.2

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:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.0 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 87 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.51
 
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.