Inspire ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
2.1x
P/BV
ratio
3.0x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Inspire 100 ETF tracks a market-cap-weighted index of large-cap US stocks, selected based on the firms proprietary definition of biblical values.

FUND BASICS
Category US Equities
Fund Sponsor Northern Lights
Website www.inspireetf.com
Inception date Oct 30, 2017
Assets (mns) $67
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $52,468
Large cap (>$10bn) 97.6%
Mid cap ($2-10bn) 2.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 4.7 %
DANAHER CORP 3.6 %
NEXTERA ENERGY GROUP 3.6 %
AMERICAN TOWER CORP-CL A 3.2 %
UNION PACIFIC CORP 3.1 %
HONEYWELL INTERNATIONAL INC 2.9 %
TESLA MOTORS INC 2.4 %
LOWE'S COS INC 2.2 %
FISERV INC 2.1 %
DOMINION RESOURCES INC/VA 1.9 %
Total 29.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 3.5 %
SWITZERLAND 1.1 %
BRITAIN 0.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.7% 6.8% -- -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 95%
MSCI EAFE 1.02 80%
MSCI Emg. Mkts. 0.78 65%

Technical Indicators
Recent close $25.15
30d moving avg. $27.40
Annualized volatility 15.4%
Short interest (ETF) 1.1%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.7%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $55,442

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BIBL Expense: 35 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BIBL
Ticker Fund
Name
Overlap1
vs BIBL
(%)
Expense
ratio
(bp)
Savings
vs BIBL
(bp)
ALTAR
Score™
(%)
ALTAR
vs BIBL
(%)
IYJ iShares U.S. Industrials ETF 29.6 42 -7 7.4 +1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 25.6 15 20 5.3 -0.6
TPLC Timothy Plan US Large Cap Core ETF 24.9 52 -17 6.9 +1.0
XLI Industrial Select Sector SPDR Fund 24.6 13 22 7.4 +1.5
VIS Vanguard Industrials Index Fund 24.6 10 25 7.7 +1.8
FIDU Fidelity MSCI Industrials Index ETF 24.6 8 27 7.4 +1.5
JHMI John Hancock Multifactor Industrials ETF 24.2 40 -5 8.1 +2.2
TPHD Timothy Plan High Dividend Stock ETF 22.7 52 -17 8.9 +2.9
SPLV Invesco S&P 500 Low Volatility ETF 22.4 25 10 6.2 +0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 21.9 60 -25 8.5 +2.5
EXI iShares Global Industrials ETF 21.7 46 -11 8.0 +2.1
SCIU Global X Scientific Beta US ETF 21.6 19 16 7.1 +1.2
RGI Invesco S&P 500 Equal Weight Industrials ETF 21.2 40 -5 7.9 +1.9
SPMO Invesco S&P 500 Momentum ETF 21.1 13 22 5.0 -0.9
KRMA Global X Conscious Companies ETF 21.0 43 -8 7.0 +1.1
VO Vanguard Mid-Cap Index Fund 20.7 4 31 7.1 +1.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 20.5 35 0 5.6 -0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 20.4 60 -25 5.4 -0.6
RSP Invesco S&P 500 Equal Weight ETF 20.4 20 15 8.3 +2.3
USMV iShares Edge MSCI Min Vol USA ETF 20.2 15 20 6.5 +0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 20.2 9 26 7.7 +1.7
DEF Invesco Defensive Equity ETF 20.1 55 -20 6.1 +0.1
VIG Vanguard Dividend Appreciation Index Fund 20.0 6 29 6.1 +0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 19.6 61 -26 4.1 -1.8
JKD iShares Morningstar Large-Cap ETF 19.3 20 15 7.1 +1.2
BLES Inspire Global Hope Large Cap ETF 19.2 61 -26 8.0 +2.1
LGLV SPDR Russell 1000 Low Volatility ETF 19.0 12 23 6.6 +0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 18.8 30 5 6.8 +0.9
NULG Nuveen ESG Large-Cap Growth ETF 18.8 35 0 4.5 -1.5
NULC Nuveen ESG Large-Cap ETF 18.7 20 15 6.6 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.6 30 5 7.6 +1.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.3 15 20 8.3 +2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 17.9 19 16 7.9 +2.0
JKE iShares Morningstar Large-Cap Growth ETF 17.9 25 10 4.4 -1.5
IWR iShares Russell Midcap ETF 17.8 19 16 7.5 +1.6
RNLC Large Cap US Equity Select ETF 17.7 60 -25 7.7 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 17.7 60 -25 7.6 +1.7
IWS iShares Russell Mid-Cap Value ETF 17.6 24 11 9.3 +3.4
JMIN JPMorgan U.S. Minimum Volatility ETF 17.5 12 23 6.8 +0.9
DSTL Distillate US Fundamental Stability & Value ETF 17.4 39 -4 7.3 +1.4
PWB Invesco Dynamic Large Cap Growth ETF 17.3 55 -20 4.3 -1.7
AUSF Global X Adaptive U.S. Factor ETF 17.1 27 8 9.7 +3.8
SPMV Invesco S&P 500 Minimum Variance ETF 17.1 10 25 7.0 +1.0
MAGA Point Bridge GOP Stock Tracker ETF 17.0 72 -37 8.9 +3.0
SIZE iShares Edge MSCI USA Size Factor ETF 16.9 15 20 7.8 +1.8
PSET Principal Price Setters Index ETF 16.7 29 6 6.7 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 16.7 10 25 6.7 +0.7
CFA Victory CEMP US 500 Volatility Weighted Index ETF 16.7 35 0 7.7 +1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 16.6 10 25 6.7 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 16.5 15 20 8.0 +2.0
DSI iShares MSCI KLD 400 Social ETF 16.3 25 10 6.5 +0.5
FVD First Trust Value Line Dividend Index Fund 16.3 70 -35 7.6 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 16.1 15 20 7.7 +1.8
IWP iShares Russell Mid-Cap Growth ETF 16.0 24 11 5.6 -0.3
RYT Invesco S&P 500 Equal Weight Technology ETF 15.9 40 -5 7.7 +1.8
JHML John Hancock Multifactor Large Cap ETF 15.9 34 1 7.1 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 15.9 15 20 6.4 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 15.7 29 6 6.7 +0.8
ETHO Etho Climate Leadership U.S. ETF 15.7 47 -12 6.3 +0.4
VUG Vanguard Growth Index Fund 15.7 4 31 5.3 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.6 17 18 8.4 +2.5
RPG Invesco S&P 500 Pure Growth ETF 15.6 35 0 6.1 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 15.4 15 20 7.0 +1.0
HSPX Global X S&P 500 Covered Call ETF 15.3 65 -30 6.1 +0.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 15.1 20 15 9.7 +3.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.0 25 10 7.2 +1.3
PBP Invesco S&P 500 BuyWrite ETF 15.0 49 -14 6.5 +0.6
JMOM JPMorgan U.S. Momentum Factor ETF 14.9 12 23 4.9 -1.1
PFM Invesco Dividend Achievers ETF 14.9 54 -19 6.2 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 14.9 47 -12 7.5 +1.5
CACG ClearBridge All Cap Growth ETF 14.8 54 -19 5.4 -0.6
MGK Vanguard Mega Cap Growth ETF 14.8 7 28 5.4 -0.6
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 14.8 49 -14 10.8 +4.9
FLLV Franklin Liberty U.S. Low Volatility ETF 14.7 29 6 6.8 +0.8
DRIV Global X Autonomous & Electric Vehicles ETF 14.7 68 -33 8.5 +2.5
SPHB Invesco S&P 500 High Beta ETF 14.7 25 10 10.9 +4.9
SUSA iShares MSCI USA ESG Select ETF 14.6 25 10 6.0 +0.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 14.6 29 6 9.9 +4.0
VOOG Vanguard S&P 500 Growth ETF 14.4 10 25 5.5 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 14.4 4 31 5.5 -0.4
IVW iShares S&P 500 Growth ETF 14.4 18 17 5.4 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 14.4 27 8 7.1 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 14.3 12 23 6.4 +0.5
IQSU IQ Candriam ESG US Equity ETF 14.3 9 26 6.4 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.3 9 26 7.0 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 14.2 27 8 6.4 +0.5
KLCD KFA Large Cap Quality Dividend Index ETF 14.2 41 -6 6.3 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.1 20 15 6.8 +0.8
VV Vanguard Large-Cap Index Fund 14.1 4 31 6.7 +0.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 14.1 60 -25 5.7 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 14.1 27 8 6.5 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 14.1 12 23 6.4 +0.5
FDMO Fidelity Momentum Factor ETF 14.1 29 6 5.2 -0.7
SFY SoFi Select 500 ETF 14.0 0 35 6.4 +0.5
VEGN US Vegan Climate ETF 14.0 60 -25 6.7 +0.7
VOO VANGUARD S&P 500 ETF 14.0 3 32 6.8 +0.9
IVV iShares Core S&P 500 ETF 14.0 4 31 6.8 +0.9
YLDE ClearBridge Dividend Strategy ESG ETF 14.0 60 -25 5.9 -0.0
SPY SPDR S&P 500 ETF Trust 14.0 9 26 6.8 +0.8
FTA First Trust Large Cap Value AlphaDEX Fund 13.9 60 -25 11.5 +5.6

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:
Inspire ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.3 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.9 %
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.