Qraft AI-Enhanced U.S. Large Cap Momentum ETF
ALTAR
Score™
2.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
47.4x P/Sales
ratio
5.4x
P/BV
ratio
13.6x Div.
yield
0.5%


  • 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 20, 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 50
Wgt avg mkt cap (mns) $311,751
Large cap (>$10bn) 90.1%
Mid cap ($2-10bn) 9.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.4 %
MICROSOFT CORP 6.6 %
TESLA MOTORS INC 4.1 %
NVIDIA CORP 4.0 %
SHOPIFY, INC. CLASS A 3.3 %
PEPSICO INC 3.1 %
ADOBE SYSTEMS INC 2.9 %
ELI LILLY & CO 2.8 %
COSTCO WHOLESALE CORP 2.6 %
S&P GLOBAL, INC. 2.1 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
CANADA 3.3 %
BRITAIN 2.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
15.2% -- -- -- 22.5%

Market Correlations
versus... Beta R-squared
S&P500 0.79 78%
MSCI EAFE 0.73 66%
MSCI Emg. Mkts. 0.51 50%

Technical Indicators
Recent close $31.36
30d moving avg. $28.89
Annualized volatility 19.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $73,082

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™: 2.0%


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
(%)
MTUM iShares Edge MSCI USA Momentum Factor ETF 37.1 15 60 4.1 +2.1
SPMO Invesco S&P 500 Momentum ETF 34.4 13 62 4.4 +2.4
PWB Invesco Dynamic Large Cap Growth ETF 33.5 55 20 3.3 +1.3
FDMO Fidelity Momentum Factor ETF 31.7 29 46 3.8 +1.8
JKE iShares Morningstar Large-Cap Growth ETF 31.2 25 50 2.8 +0.8
STLG iShares Factors US Growth Style ETF 30.7 25 50 3.6 +1.6
QYLD Global X NASDAQ 100 Covered Call ETF 30.0 60 15 3.5 +1.5
NUSI Nationwide Risk-Managed Income ETF 29.9 68 7 3.4 +1.4
SFYF SoFi 50 ETF 29.9 29 46 5.1 +3.1
QQQ Invesco QQQ Trust 29.5 20 55 3.8 +1.8
SYG SPDR MFS Systematic Growth Equity ETF 29.4 60 15 4.3 +2.3
IWF iShares Russell 1000 Growth ETF 28.5 19 56 4.1 +2.1
IWY iShares Russell Top 200 Growth ETF 28.3 20 55 4.1 +2.1
JHMT John Hancock Multifactor Technology ETF 27.7 40 35 4.9 +2.9
IYW iShares U.S. Technology ETF 27.2 42 33 4.0 +2.0
VONG Vanguard Russell 1000 Growth Index Fund 27.0 8 67 4.2 +2.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.9 49 26 4.1 +2.1
XLK Technology Select Sector SPDR Fund 26.1 13 62 4.7 +2.7
FTC First Trust Large Cap Growth AlphaDEX Fund 26.0 61 14 2.9 +0.9
FTEC Fidelity MSCI Information Technology Index ETF 25.8 8 67 4.5 +2.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 25.8 21 54 2.9 +0.9
VGT Vanguard Information Technology Index Fund 25.7 10 65 4.5 +2.5
QGRO American Century STOXX U.S. Quality Growth ETF 25.6 29 46 3.1 +1.1
VUG Vanguard Growth Index Fund 25.5 4 71 4.0 +2.0
IGM iShares Expanded Tech Sector ETF 25.4 46 29 3.7 +1.7
MGK Vanguard Mega Cap Growth ETF 25.3 7 68 4.1 +2.1
SCHG Schwab U.S. Large-Cap Growth ETF 25.3 4 71 4.1 +2.1
IVW iShares S&P 500 Growth ETF 25.1 18 57 4.1 +2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 25.1 4 71 4.3 +2.3
XNTK SPDR NYSE Technology ETF 25.0 35 40 3.6 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.9 12 63 4.9 +2.9
VOOG Vanguard S&P 500 Growth ETF 24.9 10 65 4.2 +2.2
IUSG iShares Core S&P US Growth ETF 24.9 4 71 4.3 +2.3
TMFC Motley Fool 100 Index ETF 24.5 50 25 3.7 +1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.5 60 15 4.3 +2.3
IETC iShares Evolved U.S. Technology ETF 24.5 18 57 3.8 +1.8
IQSU IQ Candriam ESG US Equity ETF 24.3 9 66 5.0 +3.0
NULG Nuveen ESG Large-Cap Growth ETF 24.2 35 40 3.5 +1.5
IXN iShares Global Tech ETF 23.9 46 29 4.4 +2.4
WOMN Impact Shares YWCA Women's Empowerment ETF 23.9 75 0 4.5 +2.5
SPHQ Invesco S&P 500 Quality ETF 23.8 15 60 4.6 +2.6
TECB iShares US Tech Breakthrough Multisector ETF 23.6 40 35 4.0 +2.0
SYE SPDR MFS Systematic Core Equity ETF 23.3 60 15 5.5 +3.5
JMOM JPMorgan U.S. Momentum Factor ETF 23.1 12 63 3.8 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.7 75 0 3.8 +1.8
SUSA iShares MSCI USA ESG Select ETF 22.6 25 50 4.8 +2.8
ACIO Aptus Collared Income Opportunity ETF 22.3 79 -4 4.3 +2.3
HIPR Direxion High Growth ETF 22.3 40 35 2.8 +0.8
ESG FlexShares STOXX US ESG Impact Index Fund 22.1 32 43 5.0 +3.0
IGV iShares North American Tech-Software ETF 22.1 46 29 2.4 +0.4
IWL iShares Russell Top 200 ETF 22.0 15 60 5.0 +3.0
FXL First Trust Technology AlphaDEX Fund 21.9 61 14 3.1 +1.1
SNPE Xtrackers S&P 500 ESG ETF 21.8 11 64 5.1 +3.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 21.6 49 26 2.1 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 21.5 0 75 5.2 +3.2
DRIV Global X Autonomous & Electric Vehicles ETF 21.5 68 7 5.4 +3.4
XLG Invesco S&P 500 Top 50 ETF 21.3 20 55 4.4 +2.4
IQM Franklin Intelligent Machines ETF 21.2 50 25 2.0 +0.0
RPG Invesco S&P 500 Pure Growth ETF 21.0 35 40 4.3 +2.3
SPXN ProShares S&P 500 Ex-Financials ETF 21.0 27 48 4.9 +2.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 20.8 9 66 5.5 +3.5
OEF iShares S&P 100 ETF 20.8 20 55 4.7 +2.7
FMK First Trust Mega Cap AlphaDEX Fund 20.7 70 5 5.1 +3.1
MGC Vanguard Mega Cap Index Fund 20.7 7 68 5.2 +3.2
CATH Global X S&P 500 Catholic Values Custom ETF 20.6 29 46 5.2 +3.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.5 12 63 4.8 +2.8
PTF Invesco DWA Technology Momentum ETF 20.5 60 15 1.2 -0.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 20.5 65 10 3.3 +1.3
FQAL Fidelity Quality Factor ETF 20.4 29 46 5.4 +3.4
ESGV Vanguard ESG U.S. Stock ETF 20.3 12 63 5.1 +3.1
ESGU iShares MSCI USA ESG Optimized ETF 20.2 15 60 5.1 +3.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.1 28 47 6.4 +4.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 20.1 7 68 5.2 +3.2
ADME Aptus Drawdown Managed Equity ETF 20.0 81 -6 3.6 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.9 20 55 4.9 +2.9
AIQ Global X Future Analytics Tech ETF 19.6 68 7 3.8 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 19.6 12 63 5.2 +3.2
VEGN US Vegan Climate ETF 19.6 60 15 5.1 +3.1
SPXV ProShares S&P 500 Ex-Health Care ETF 19.6 27 48 5.0 +3.0
PWC Invesco Dynamic Market ETF 19.6 59 16 4.8 +2.8
SPXE ProShares S&P 500 Ex-Energy ETF 19.5 27 48 5.3 +3.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.5 59 16 4.1 +2.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.5 35 40 4.3 +2.3
HLAL Wahed FTSE USA Shariah ETF 19.5 50 25 4.6 +2.6
RECS Columbia Research Enhanced Core ETF 19.5 15 60 5.6 +3.6
ECOZ TrueMark ESG Active Opportunities ETF 19.4 58 17 4.3 +2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.4 20 55 5.3 +3.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 19.4 43 32 4.3 +2.3
PBP Invesco S&P 500 BuyWrite ETF 19.3 49 26 5.0 +3.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 19.2 49 26 5.1 +3.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 19.2 57 18 4.8 +2.8
PBUS Invesco PureBeta MSCI USA ETF 19.2 4 71 5.2 +3.2
AFLG First Trust Active Factor Large Cap ETF 19.2 55 20 5.5 +3.5
NACP Impact Shares NAACP Minority Empowerment ETF 19.2 75 0 4.5 +2.5
NULC Nuveen ESG Large-Cap ETF 19.1 20 55 5.0 +3.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 19.1 2 73 5.3 +3.3
SPY SPDR S&P 500 ETF Trust 19.0 9 66 5.3 +3.3
HSPX Global X S&P 500 Covered Call ETF 18.9 65 10 4.8 +2.8
SPLG SPDR Portfolio Large Cap ETF 18.9 3 72 5.4 +3.4
VOO VANGUARD S&P 500 ETF 18.9 3 72 5.4 +3.4

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 32.1 %
Divided by: Fwd. P/BV 11.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.52
 
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.