Qraft AI-Enhanced U.S. Large Cap Momentum ETF
ALTAR
Score™
4.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
2.4x
P/BV
ratio
7.4x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence.

FUND BASICS
Category US Equities
Fund Sponsor Cottonwood ETF Holdings LLC
Website qraftaietf.com
Inception date May 21, 2019
Assets (mns) $3
Currency USD
Expense ratio 75 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 49
Wgt avg mkt cap (mns) $280,471
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 15.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.4 %
APPLE INC 8.0 %
FACEBOOK 7.1 %
WAL-MART STORES INC 5.4 %
HOME DEPOT INC 3.6 %
NVIDIA CORP 3.2 %
COSTCO WHOLESALE CORP 2.8 %
QUALCOMM INC 2.0 %
COLGATE-PALMOLIVE CO 1.9 %
INTUIT INC 1.8 %
Total 44.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
BRITAIN 1.2 %
IRELAND 1.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

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

Technical Indicators
Recent close $22.09
30d moving avg. $23.56
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.98%
ADV underlying (mns) $76,984

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Qraft AI-Enhanced U.S. Large Cap Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with AMOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AMOM Expense: 75 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AMOM
Ticker Fund
Name
Overlap1
vs AMOM
(%)
Expense
ratio
(bp)
Savings
vs AMOM
(bp)
ALTAR
Score™
(%)
ALTAR
vs AMOM
(%)
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.9 75 0 5.0 +0.9
FDMO Fidelity Momentum Factor ETF 30.5 29 46 5.5 +1.4
QYLD Global X NASDAQ 100 Covered Call ETF 29.7 60 15 4.9 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 29.7 55 20 4.6 +0.5
MGK Vanguard Mega Cap Growth ETF 29.4 7 68 5.6 +1.5
VUG Vanguard Growth Index Fund 29.2 4 71 5.5 +1.4
NUSI Nationwide Risk-Managed Income ETF 29.1 68 7 4.8 +0.7
QQQ Invesco QQQ Trust 28.9 20 55 5.4 +1.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 28.7 49 26 5.5 +1.3
TMFC Motley Fool 100 Index ETF 28.5 50 25 5.1 +1.0
IGM iShares North American Tech ETF 28.2 46 29 5.3 +1.2
IYW iShares U.S. Technology ETF 28.2 42 33 5.6 +1.5
VOOG Vanguard S&P 500 Growth ETF 28.0 10 65 5.7 +1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 27.9 4 71 5.8 +1.7
IVW iShares S&P 500 Growth ETF 27.9 18 57 5.6 +1.5
SCHG Schwab U.S. Large-Cap Growth ETF 27.9 4 71 5.6 +1.5
IUSG iShares Core S&P US Growth ETF 27.8 4 71 5.8 +1.7
IWF iShares Russell 1000 Growth ETF 27.8 19 56 5.7 +1.6
IWY iShares Russell Top 200 Growth ETF 27.8 20 55 5.5 +1.4
VONG Vanguard Russell 1000 Growth Index Fund 27.7 8 67 5.8 +1.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 27.1 29 46 5.6 +1.5
IETC iShares Evolved U.S. Technology ETF 27.0 18 57 5.4 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 26.8 21 54 4.4 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.4 12 63 6.7 +2.6
LRGE ClearBridge Large Cap Growth ESG ETF 26.0 60 15 5.4 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.8 60 15 6.0 +1.9
OEF iShares S&P 100 ETF 25.0 20 55 6.3 +2.2
XLG Invesco S&P 500 Top 50 ETF 24.2 20 55 5.9 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.9 15 60 6.9 +2.8
IEDI iShares Evolved U.S. Discretionary Spending ETF 23.9 18 57 5.8 +1.7
JKE iShares Morningstar Large-Cap Growth ETF 23.4 25 50 4.7 +0.6
RECS Columbia Research Enhanced Core ETF 23.4 15 60 7.5 +3.4
XLK Technology Select Sector SPDR Fund 23.3 13 62 6.3 +2.2
FTEC Fidelity MSCI Information Technology Index ETF 23.3 8 67 6.2 +2.1
VGT Vanguard Information Technology Index Fund 23.3 10 65 6.2 +2.1
SYG SPDR MFS Systematic Growth Equity ETF 23.1 60 15 6.3 +2.2
JHMT John Hancock Multifactor Technology ETF 22.9 40 35 6.8 +2.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 22.9 52 23 7.9 +3.8
JOYY Infusive Compounding Global Equities ETF 22.0 50 25 5.1 +1.0
IXN iShares Global Tech ETF 22.0 46 29 6.2 +2.1
TTAC TrimTabs Float Shrink ETF 21.9 59 16 5.2 +1.0
FQAL Fidelity Quality Factor ETF 21.8 29 46 7.0 +2.9
SPXN ProShares S&P 500 Ex-Financials ETF 21.8 27 48 6.6 +2.5
IWL iShares Russell Top 200 ETF 21.5 15 60 6.6 +2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 21.4 27 48 6.8 +2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 21.3 19 56 7.6 +3.4
SYE SPDR MFS Systematic Core Equity ETF 21.3 60 15 8.2 +4.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 20.9 9 66 7.3 +3.2
GARD Reality Shares DIVCON Dividend Guard ETF 20.7 129 -54 4.7 +0.6
HSPX Global X S&P 500 Covered Call ETF 20.6 65 10 6.2 +2.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.5 50 25 7.6 +3.5
LEAD Reality Shares DIVCON Leaders Dividend ETF 20.5 43 32 5.7 +1.5
MGC Vanguard Mega Cap Index Fund 20.5 7 68 6.8 +2.7
TECB iShares US Tech Breakthrough Multisector ETF 20.5 40 35 5.4 +1.3
SNPE Xtrackers S&P 500 ESG ETF 20.5 11 64 6.8 +2.7
PBP Invesco S&P 500 BuyWrite ETF 20.2 49 26 6.5 +2.4
ADME Aptus Drawdown Managed Equity ETF 20.2 81 -6 5.4 +1.3
DSTL Distillate US Fundamental Stability & Value ETF 20.2 39 36 7.7 +3.6
IQSU IQ Candriam ESG US Equity ETF 20.0 9 66 6.7 +2.6
VEGN US Vegan Climate ETF 20.0 60 15 7.1 +3.0
DIA SPDR Dow Jones Industrial Average ETF Trust 19.9 16 59 7.3 +3.1
SUSA iShares MSCI USA ESG Select ETF 19.7 25 50 6.2 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 19.7 29 46 7.0 +2.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 19.6 57 18 6.3 +2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.5 20 55 6.6 +2.5
ESGV Vanguard ESG U.S. Stock ETF 19.5 12 63 7.0 +2.9
SFY SoFi Select 500 ETF 19.4 0 75 6.7 +2.6
RFFC RiverFront Dynamic US Flex-Cap ETF 19.3 52 23 7.6 +3.5
ESGU iShares MSCI USA ESG Optimized ETF 19.3 15 60 6.7 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 19.3 27 48 7.0 +2.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.3 20 55 7.1 +3.0
QLC FlexShares US Quality Large Cap Index Fund 19.2 32 43 7.4 +3.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 19.2 37 38 9.1 +5.0
NACP Impact Shares NAACP Minority Empowerment ETF 19.1 75 0 6.2 +2.1
FCPI Fidelity Stocks for Inflation ETF 19.1 29 46 9.2 +5.1
XNTK SPDR Morgan Stanley Technology ETF 19.0 35 40 5.4 +1.3
QUAL iShares MSCI Usa Quality Factor ETF 18.9 15 60 6.9 +2.8
DSI iShares MSCI KLD 400 Social ETF 18.9 25 50 6.7 +2.6
SPY SPDR S&P 500 ETF Trust 18.8 9 66 7.1 +2.9
VOO VANGUARD S&P 500 ETF 18.8 3 72 7.1 +3.0
SPLG SPDR Portfolio Large Cap ETF 18.8 3 72 7.1 +3.0
IVV iShares Core S&P 500 ETF 18.7 4 71 7.1 +3.0
SPMO Invesco S&P 500 Momentum ETF 18.7 13 62 5.3 +1.2
IYC iShares U.S. Consumer Services ETF 18.6 42 33 6.5 +2.4
DFND Reality Shares DIVCON Dividend Defender ETF 18.6 121 -46 4.8 +0.7
LRGF iShares Edge MSCI Multifactor USA ETF 18.5 20 55 9.0 +4.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 18.5 12 63 6.3 +2.2
FLQL Franklin LibertyQ U.S. Equity ETF 18.5 15 60 8.0 +3.9
JQUA JPMorgan U.S. Quality Factor ETF 18.5 12 63 6.6 +2.5
IUS Invesco Strategic US ETF 18.5 19 56 7.9 +3.8
VV Vanguard Large-Cap Index Fund 18.4 4 71 7.0 +2.9
JMOM JPMorgan U.S. Momentum Factor ETF 18.4 12 63 5.2 +1.1
IOO iShares Global 100 ETF 18.3 40 35 6.1 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.2 2 73 7.1 +3.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 18.2 49 26 5.1 +1.0
PBUS Invesco PureBeta MSCI USA ETF 18.1 4 71 7.2 +3.1
KNOW Direxion All Cap Insider Sentiment Shares 18.1 59 16 7.2 +3.1
DRIV Global X Autonomous & Electric Vehicles ETF 18.0 68 7 8.6 +4.5
VONE Vanguard Russell 1000 ETF 18.0 8 67 7.0 +2.9
SCHX Schwab U.S. Large-Cap ETF 18.0 3 72 7.0 +2.9

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:
Qraft AI-Enhanced U.S. Large Cap Momentum 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 33.5 %
Divided by: Fwd. P/BV 6.9 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.1 %
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.