Barron's 400 ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.2x P/Sales
ratio
1.8x
P/BV
ratio
2.6x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Barron's 400 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barron's 400 Index.

FUND BASICS
Category US Equities
Fund Sponsor ALPS Advisors Inc
Website www.alpsetfs.com
Inception date Jun 03, 2013
Assets (mns) $114
Currency USD
Expense ratio 65 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 401
Wgt avg mkt cap (mns) $48,736
Large cap (>$10bn) 51.6%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 18.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
QUIDEL CORP 0.4 %
ENPHASE ENERGY INC 0.3 %
ALIGN TECHNOLOGY INC 0.3 %
PAYCOM SOFTWARE INC 0.3 %
META FINANCIAL GROUP INC 0.3 %
DARLING INTERNATIONAL INC 0.3 %
RENEWABLE ENERGY GROUP INC 0.3 %
CHART INDUSTRIES INC 0.3 %
MYR GROUP INC/DELAWARE 0.3 %
STERLING CONSTRUCTION CO 0.3 %
Total 3.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %
BERMUDA 0.5 %









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.
-1.8% 6.3% 8.0% -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.20 92%
MSCI EAFE 1.23 79%
MSCI Emg. Mkts. 0.90 67%

Technical Indicators
Recent close $44.78
30d moving avg. $43.08
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.6%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.2%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $143,125

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Barron's 400 ETF ETF based on the alternatives' overlap in portfolio holdings with BFOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BFOR Expense: 65 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BFOR
Ticker Fund
Name
Overlap1
vs BFOR
(%)
Expense
ratio
(bp)
Savings
vs BFOR
(bp)
ALTAR
Score™
(%)
ALTAR
vs BFOR
(%)
CFA VictoryShares US 500 Volatility Weighted Index ETF 44.5 35 30 5.5 -0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 44.5 35 30 5.5 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 38.4 9 56 5.7 -0.5
RSP Invesco S&P 500 Equal Weight ETF 36.5 20 45 6.3 +0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 36.0 17 48 6.1 -0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 35.2 20 45 6.2 -0.1
FEX First Trust Large Cap Core AlphaDEX Fund 34.9 60 5 5.6 -0.6
VFMF Vanguard U.S. Multifactor ETF 34.3 19 46 7.1 +0.8
TPLC Timothy Plan US Large Cap Core ETF 34.1 52 13 5.1 -1.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 33.6 66 -1 2.2 -4.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 33.1 17 48 6.6 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 32.4 29 36 6.6 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 32.4 15 50 5.9 -0.4
SIZE iShares MSCI USA Size Factor ETF 32.1 15 50 5.8 -0.4
JHML John Hancock Multifactor Large Cap ETF 31.7 29 36 5.3 -1.0
SCIU Global X Scientific Beta US ETF 31.7 19 46 0.0 -6.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 31.6 35 30 5.3 -1.0
ROUS Hartford Multifactor US Equity ETF 31.5 19 46 6.3 +0.0
TUSA First Trust Total US Market AlphaDEX ETF 30.1 70 -5 5.5 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.1 9 56 5.3 -0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.1 18 47 6.0 -0.3
EXT WisdomTree U.S. Total Earnings Fund 29.6 28 37 5.3 -0.9
AVUS Avantis U.S. Equity ETF 29.4 15 50 5.4 -0.9
VFQY Vanguard U.S. Quality Factor ETF 29.3 13 52 6.2 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 29.2 42 23 5.3 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.6 75 -10 3.7 -2.5
USMF WisdomTree U.S. Multifactor Fund 28.4 28 37 5.6 -0.6
RBUS Nationwide Risk-Based U.S. Equity ETF 27.4 30 35 4.6 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.3 29 36 5.8 -0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 26.3 4 61 5.1 -1.2
IWR iShares Russell Midcap ETF 26.2 19 46 5.3 -1.0
ETHO Etho Climate Leadership U.S. ETF 26.0 47 18 4.2 -2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 25.9 61 4 2.6 -3.6
RNLC Large Cap US Equity Select ETF 25.9 60 5 5.9 -0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.8 24 41 5.9 -0.4
ESGV Vanguard ESG U.S. Stock ETF 25.6 12 53 4.9 -1.4
JMOM JPMorgan U.S. Momentum Factor ETF 25.5 12 53 3.3 -3.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.0 30 35 6.4 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 25.0 3 62 5.3 -1.0
VTHR Vanguard Russell 3000 Index Fund 24.9 10 55 4.8 -1.5
IYY iShares Dow Jones U.S. ETF 24.9 20 45 4.8 -1.4
SCHK Schwab 1000 Index ETF 24.8 5 60 5.0 -1.3
IWV iShares Russell 3000 ETF 24.7 20 45 4.7 -1.5
IWB iShares Russell 1000 ETF 24.7 15 50 4.8 -1.4
SCHB Schwab U.S. Broad Market ETF 24.7 3 62 4.9 -1.4
SCHX Schwab U.S. Large-Cap ETF 24.7 3 62 4.9 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 24.6 3 62 4.8 -1.4
HSPX Global X S&P 500 Covered Call ETF 24.6 60 5 4.7 -1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 24.5 25 40 6.0 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 24.5 12 53 5.2 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.5 12 53 4.5 -1.8
AFLG First Trust Active Factor Large Cap ETF 24.5 55 10 5.2 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 24.5 15 50 6.0 -0.3
PBUS Invesco PureBeta MSCI USA ETF 24.5 4 61 5.0 -1.3
PBP Invesco S&P 500 BuyWrite ETF 24.4 49 16 4.7 -1.5
VONE Vanguard Russell 1000 ETF 24.4 8 57 4.9 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 24.3 60 5 4.8 -1.5
EPS WisdomTree U.S. Earnings 500 Fund 24.2 8 57 6.2 -0.1
IVV iShares Core S&P 500 ETF 24.2 3 62 5.1 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.2 20 45 5.1 -1.2
SPY SPDR S&P 500 ETF Trust 24.2 9 56 5.1 -1.2
SPLG SPDR Portfolio Large Cap ETF 24.2 3 62 5.1 -1.1
VTI Vanguard Total Stock Market Index Fund 24.1 3 62 4.8 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.0 27 38 5.0 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.0 2 63 5.0 -1.3
VOO VANGUARD S&P 500 ETF 23.9 3 62 5.2 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.9 7 58 5.0 -1.3
VV Vanguard Large-Cap Index Fund 23.8 4 61 5.0 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 23.5 15 50 4.8 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 23.4 15 50 5.6 -0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.3 20 45 6.7 +0.4
IUSG iShares Core S&P US Growth ETF 23.1 4 61 4.2 -2.1
SPXN ProShares S&P 500 Ex-Financials ETF 23.0 27 38 4.7 -1.5
SFY SoFi Select 500 ETF 22.8 0 65 4.9 -1.3
QGRO American Century STOXX U.S. Quality Growth ETF 22.8 29 36 3.7 -2.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 22.3 29 36 7.2 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 22.3 29 36 4.9 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 22.2 71 -6 9.2 +2.9
VOOG Vanguard S&P 500 Growth ETF 22.0 10 55 4.1 -2.1
IWP iShares Russell Mid-Cap Growth ETF 22.0 24 41 2.8 -3.4
EQAL Invesco Russell 1000 Equal Weight ETF 22.0 20 45 5.7 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 21.9 12 53 7.1 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 21.9 4 61 4.2 -2.1
IVW iShares S&P 500 Growth ETF 21.9 18 47 16.6 +10.4
FSMD Fidelity Small-Mid Factor ETF 21.8 29 36 6.0 -0.2
VFMO Vanguard U.S. Momentum Factor ETF 21.7 13 52 0.7 -5.6
PRF Invesco FTSE RAFI US 1000 ETF 21.4 39 26 6.6 +0.3
IUS Invesco Strategic US ETF 21.4 19 46 6.3 +0.0
SPXT ProShares S&P 500 Ex-Technology ETF 21.4 27 38 5.3 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.3 25 40 6.5 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 21.1 20 45 4.7 -1.5
VO Vanguard Mid-Cap Index Fund 21.0 4 61 5.0 -1.3
USXF iShares ESG Advanced MSCI USA ETF 20.9 10 55 4.7 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.9 60 5 3.9 -2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.8 25 40 6.5 +0.2
PSET Principal Price Setters Index ETF 20.8 15 50 4.7 -1.5
TPSC Timothy Plan US Small Cap Core ETF 20.6 52 13 7.7 +1.4
IWF iShares Russell 1000 Growth ETF 20.4 19 46 3.6 -2.7
TOK iShares MSCI Kokusai ETF 20.4 25 40 5.4 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 20.4 9 56 5.5 -0.8

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:
Barron's 400 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.5 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.