Barron's 400 ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.5x P/Sales
ratio
1.9x
P/BV
ratio
2.7x 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) $112
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 397
Wgt avg mkt cap (mns) $51,283
Large cap (>$10bn) 52.3%
Mid cap ($2-10bn) 30.3%
Small cap (<$2bn) 17.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ACM RESEARCH, INC. CLASS A 0.8 %
MARINEMAX INC 0.6 %
SQUARE, INC. CLASS A 0.5 %
MERITAGE HOMES CORP 0.5 %
TRADE DESK, INC. CLASS A 0.5 %
PROPETRO HOLDING CORP. 0.5 %
LGI HOMES INC 0.5 %
YETI HOLDINGS, INC. 0.5 %
CROCS INC 0.5 %
CENTURY COMMUNITIES INC 0.5 %
Total 5.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
BERMUDA 1.3 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.1% 2.2% 5.5% -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.25 92%
MSCI EAFE 1.26 79%
MSCI Emg. Mkts. 0.88 64%

Technical Indicators
Recent close $42.45
30d moving avg. $40.26
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $136,563

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™: 6.1%


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 42.7 35 30 5.6 -0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.5 9 56 5.8 -0.3
RSP Invesco S&P 500 Equal Weight ETF 38.1 20 45 6.5 +0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 37.4 20 45 6.2 +0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 37.4 17 48 6.2 +0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 36.3 66 -1 2.2 -3.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 35.6 29 36 6.7 +0.7
FEX First Trust Large Cap Core AlphaDEX Fund 35.3 60 5 5.8 -0.2
EUSA iShares MSCI USA Equal Weighted ETF 35.0 15 50 6.0 -0.0
SIZE iShares Edge MSCI USA Size Factor ETF 34.3 15 50 6.1 +0.0
JHML John Hancock Multifactor Large Cap ETF 33.8 29 36 5.4 -0.7
SCIU Global X Scientific Beta US ETF 32.0 19 46 5.6 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 32.0 18 47 6.0 -0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.0 9 56 5.3 -0.7
VFMF Vanguard U.S. Multifactor ETF 31.7 19 46 6.8 +0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.4 17 48 6.3 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 31.2 42 23 5.5 -0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 31.2 35 30 5.2 -0.8
AVUS Avantis U.S. Equity ETF 30.3 15 50 5.5 -0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 29.6 61 4 2.6 -3.4
EXT WisdomTree U.S. Total Earnings Fund 28.2 28 37 5.0 -1.0
TUSA First Trust Total US Market AlphaDEX ETF 28.2 70 -5 5.7 -0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 27.4 4 61 5.4 -0.7
RNLC Large Cap US Equity Select ETF 27.4 60 5 6.1 -0.0
JMOM JPMorgan U.S. Momentum Factor ETF 27.3 12 53 3.5 -2.5
IWR iShares Russell Midcap ETF 27.1 19 46 5.5 -0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.1 30 35 6.3 +0.2
VFQY Vanguard U.S. Quality Factor ETF 27.0 13 52 5.8 -0.3
SCHK Schwab 1000 Index ETF 27.0 5 60 5.1 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.9 75 -10 3.8 -2.3
SCHX Schwab U.S. Large-Cap ETF 26.8 3 62 5.1 -1.0
IYY iShares Dow Jones U.S. ETF 26.8 20 45 5.0 -1.1
PBUS Invesco PureBeta MSCI USA ETF 26.8 4 61 5.1 -1.0
VONE Vanguard Russell 1000 ETF 26.8 8 57 5.0 -1.1
IWB iShares Russell 1000 ETF 26.8 15 50 4.9 -1.1
SCHB Schwab U.S. Broad Market ETF 26.7 3 62 5.0 -1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.7 3 62 5.0 -1.1
ETHO Etho Climate Leadership U.S. ETF 26.6 47 18 4.2 -1.9
SPTM SPDR Portfolio Total Stock Market ETF 26.6 3 62 5.3 -0.8
IWV iShares Russell 3000 ETF 26.5 20 45 4.8 -1.3
EQAL Invesco Russell 1000 Equal Weight ETF 26.5 20 45 5.4 -0.6
VTHR Vanguard Russell 3000 Index Fund 26.5 10 55 4.9 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.5 2 63 5.1 -1.0
PBP Invesco S&P 500 BuyWrite ETF 26.4 49 16 4.8 -1.2
ROUS Hartford Multifactor US Equity ETF 26.4 19 46 7.0 +1.0
VTI Vanguard Total Stock Market Index Fund 26.3 3 62 4.9 -1.2
SPXE ProShares S&P 500 Ex-Energy ETF 26.3 27 38 5.1 -1.0
HSPX Global X S&P 500 Covered Call ETF 26.2 65 0 4.7 -1.4
VV Vanguard Large-Cap Index Fund 26.2 4 61 5.0 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 26.1 7 58 5.0 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 26.0 20 45 5.1 -0.9
SPY SPDR S&P 500 ETF Trust 26.0 9 56 5.2 -0.9
SPLG SPDR Portfolio Large Cap ETF 26.0 3 62 5.2 -0.8
IVV iShares Core S&P 500 ETF 26.0 4 61 5.2 -0.9
VOO VANGUARD S&P 500 ETF 25.9 3 62 5.2 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.9 29 36 5.8 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 25.8 27 38 4.8 -1.3
SFY SoFi Select 500 ETF 25.6 0 65 5.0 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 25.5 15 50 4.9 -1.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 25.4 35 30 5.7 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 25.4 25 40 6.3 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 25.3 12 53 4.4 -1.6
ESGV Vanguard ESG U.S. Stock ETF 25.1 12 53 4.9 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 24.8 8 57 6.3 +0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.8 24 41 6.0 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 24.7 15 50 5.7 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 24.5 29 36 5.0 -1.1
IUSG iShares Core S&P US Growth ETF 24.3 4 61 4.2 -1.9
RBUS Nationwide Risk-Based U.S. Equity ETF 24.3 30 35 4.6 -1.5
AFLG First Trust Active Factor Large Cap ETF 24.2 55 10 5.3 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 23.8 20 45 6.8 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 23.8 12 53 5.2 -0.9
USMF WisdomTree U.S. Multifactor Fund 23.6 28 37 5.3 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 23.3 15 50 6.0 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.3 20 45 4.7 -1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 23.2 4 61 4.2 -1.9
VOOG Vanguard S&P 500 Growth ETF 23.2 10 55 4.1 -2.0
IVW iShares S&P 500 Growth ETF 23.1 18 47 4.0 -2.1
VO Vanguard Mid-Cap Index Fund 23.1 4 61 5.1 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 22.5 27 38 5.4 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.5 25 40 6.2 +0.2
PSET Principal Price Setters Index ETF 22.4 29 36 4.6 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 22.2 9 56 5.5 -0.5
TOK iShares MSCI Kokusai ETF 22.1 25 40 5.4 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 22.1 25 40 6.2 +0.2
IUS Invesco Strategic US ETF 21.9 19 46 6.3 +0.2
QGRO American Century STOXX U.S. Quality Growth ETF 21.7 29 36 3.0 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 21.7 39 26 6.6 +0.5
MGC Vanguard Mega Cap Index Fund 21.7 7 58 5.0 -1.1
IWF iShares Russell 1000 Growth ETF 21.6 19 46 3.6 -2.5
VONG Vanguard Russell 1000 Growth Index Fund 21.6 8 57 3.7 -2.4
VLU SPDR S&P 1500 Value Tilt ETF 21.6 12 53 7.2 +1.1
VFMO Vanguard U.S. Momentum Factor ETF 21.5 13 52 0.1 -5.9
SPXV ProShares S&P 500 Ex-Health Care ETF 21.4 27 38 4.8 -1.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.3 29 36 7.8 +1.8
URTH iShares MSCI World ETF 21.3 24 41 5.5 -0.5
IQSU IQ Candriam ESG US Equity ETF 21.0 9 56 4.9 -1.2
IWL iShares Russell Top 200 ETF 21.0 15 50 4.8 -1.3
IWP iShares Russell Mid-Cap Growth ETF 20.9 24 41 2.8 -3.2
VUG Vanguard Growth Index Fund 20.8 4 61 3.8 -2.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.