BNY Mellon US Mid Cap Core Equity ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.1x P/Sales
ratio
1.8x
P/BV
ratio
2.7x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BKMC tracks a market-cap weighted index of US midcap stocks that covers the bottom 10-30% capitalization.

FUND BASICS
Category US Equities
Fund Sponsor The Bank of New York Mellon
Website im.bnymellon.com
Inception date Apr 09, 2020
Assets (mns) $36
Currency USD
Expense ratio 4 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 487
Wgt avg mkt cap (mns) $19,366
Large cap (>$10bn) 82.2%
Mid cap ($2-10bn) 17.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
MERCADOLIBRE INC 0.8 %
SQUARE, INC. CLASS A 0.7 %
DEXCOM INC 0.6 %
LULULEMON ATHLETICA INC 0.6 %
TWILIO, INC. CLASS A 0.6 %
VEEVA SYSTEMS INC-CLASS A 0.6 %
SPLUNK INC 0.5 %
IDEXX LABORATORIES INC 0.5 %
COSTAR GROUP INC 0.5 %
IHS MARKIT LTD. 0.5 %
Total 5.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 2.1 %
BRITAIN 1.8 %
BERMUDA 0.9 %
ARGENTINA 0.8 %
SWITZERLAND 0.7 %
CAYMAN ISLANDS 0.1 %




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.
5.7% -- -- -- 5.7%

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

Technical Indicators
Recent close $65.57
30d moving avg. $62.86
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $75,638

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the BNY Mellon US Mid Cap Core Equity ETF ETF based on the alternatives' overlap in portfolio holdings with BKMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BKMC Expense: 4 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BKMC
Ticker Fund
Name
Overlap1
vs BKMC
(%)
Expense
ratio
(bp)
Savings
vs BKMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs BKMC
(%)
IWR iShares Russell Midcap ETF 79.0 19 -15 5.5 +0.1
JHMM John Hancock Multifactor Mid Cap ETF 67.3 42 -38 5.5 +0.1
VO Vanguard Mid-Cap Index Fund 64.7 4 0 5.1 -0.3
IWS iShares Russell Mid-Cap Value ETF 62.3 24 -20 7.0 +1.6
SIZE iShares Edge MSCI USA Size Factor ETF 59.3 15 -11 6.1 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 59.0 15 -11 6.0 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 56.8 9 -5 5.8 +0.4
RSP Invesco S&P 500 Equal Weight ETF 50.2 20 -16 6.5 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 49.4 20 -16 6.2 +0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 49.0 35 -31 5.6 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 47.8 17 -13 6.2 +0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 47.7 24 -20 6.0 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 46.6 20 -16 6.8 +1.4
SCIU Global X Scientific Beta US ETF 46.2 19 -15 5.6 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 46.1 60 -56 5.8 +0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 43.6 29 -25 7.8 +2.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 43.2 29 -25 6.7 +1.4
EQAL Invesco Russell 1000 Equal Weight ETF 42.4 20 -16 5.4 +0.1
IWP iShares Russell Mid-Cap Growth ETF 41.0 24 -20 2.8 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 38.8 70 -66 5.7 +0.3
RNLC Large Cap US Equity Select ETF 37.5 60 -56 6.1 +0.7
VOT Vanguard Mid-Cap Growth Index Fund 36.7 7 -3 3.1 -2.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 36.2 35 -31 5.2 -0.1
JKH iShares Morningstar Mid-Cap Growth ETF 36.1 30 -26 2.1 -3.2
RBUS Nationwide Risk-Based U.S. Equity ETF 36.0 30 -26 4.6 -0.8
JHML John Hancock Multifactor Large Cap ETF 36.0 29 -25 5.4 -0.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 35.6 17 -13 6.3 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 35.4 66 -62 2.2 -3.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 34.1 15 -11 6.7 +1.3
VOE Vanguard Mid-Cap Value Index Fund 34.1 7 -3 7.6 +2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.9 30 -26 6.3 +0.9
JKG iShares Morningstar Mid-Cap ETF 33.8 25 -21 5.3 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 32.3 18 -14 6.0 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 32.0 12 -8 3.5 -1.8
FTC First Trust Large Cap Growth AlphaDEX Fund 32.0 61 -57 2.6 -2.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.8 35 -31 5.7 +0.3
SCHM Schwab U.S. Mid-Cap ETF 31.0 4 0 6.0 +0.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 30.1 20 -16 7.4 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.8 9 -5 5.3 -0.0
JKI iShares Morningstar Mid-Cap Value ETF 29.6 30 -26 8.9 +3.5
VXF Vanguard Extended Market Index Fund 29.6 7 -3 3.5 -1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 29.3 75 -71 3.8 -1.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 28.2 30 -26 5.5 +0.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 27.6 34 -30 4.7 -0.7
BFOR Barron's 400 ETF 27.4 65 -61 6.1 +0.7
ETHO Etho Climate Leadership U.S. ETF 27.2 47 -43 4.2 -1.2
VONV Vanguard Russell 1000 Value Index Fund 26.9 8 -4 6.9 +1.5
IWD iShares Russell 1000 Value ETF 26.9 19 -15 6.8 +1.4
ACWF iShares FactorSelect MSCI Global ETF 26.5 35 -31 7.7 +2.3
SCHV Schwab U.S. Large-Cap Value ETF 25.3 4 0 7.1 +1.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 25.3 65 -61 2.9 -2.5
AVUS Avantis U.S. Equity ETF 25.0 15 -11 5.5 +0.1
JVAL JPMorgan U.S. Value Factor ETF 24.6 12 -8 8.5 +3.1
BLES Inspire Global Hope Large Cap ETF 24.4 52 -48 6.5 +1.1
EXT WisdomTree U.S. Total Earnings Fund 24.1 28 -24 5.0 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.1 29 -25 5.8 +0.5
ROUS Hartford Multifactor US Equity ETF 24.0 19 -15 7.0 +1.7
AFLG First Trust Active Factor Large Cap ETF 23.9 55 -51 5.3 -0.0
RNDV US Equity Dividend Select ETF 23.7 50 -46 8.0 +2.6
FTA First Trust Large Cap Value AlphaDEX Fund 23.7 60 -56 9.2 +3.8
JMIN JPMorgan U.S. Minimum Volatility ETF 23.6 12 -8 5.4 -0.0
VLU SPDR S&P 1500 Value Tilt ETF 23.5 12 -8 7.2 +1.8
SPYV SPDR Portfolio S&P 500 Value ETF 23.4 4 0 7.3 +1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 23.3 71 -67 9.7 +4.3
IVE iShares S&P 500 Value ETF 23.3 18 -14 7.1 +1.7
VOOV Vanguard S&P 500 Value ETF 23.3 15 -11 7.1 +1.8
LRGF iShares Edge MSCI Multifactor USA ETF 23.2 20 -16 7.1 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 23.1 15 -11 6.0 +0.6
IUSV iShares Core S&P U.S. Value ETF 23.1 4 0 7.3 +1.9
USMF WisdomTree U.S. Multifactor Fund 22.6 28 -24 5.3 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 22.6 39 -35 6.6 +1.2
RWL Invesco S&P 500 Revenue ETF 22.4 39 -35 7.0 +1.6
VTV Vanguard Value Index Fund 22.1 4 0 7.3 +1.9
HLAL Wahed FTSE USA Shariah ETF 22.1 50 -46 4.3 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 22.0 15 -11 5.7 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 22.0 25 -21 6.2 +0.9
IUS Invesco Strategic US ETF 21.9 19 -15 6.3 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.7 25 -21 6.2 +0.9
REVS Columbia Research Enhanced Value ETF 21.6 19 -15 7.3 +1.9
ONEY SPDR Russell 1000 Yield Focus ETF 21.5 20 -16 9.0 +3.7
JQUA JPMorgan U.S. Quality Factor ETF 21.4 12 -8 5.2 -0.2
VEGN US Vegan Climate ETF 21.2 60 -56 5.0 -0.4
VONE Vanguard Russell 1000 ETF 21.0 8 -4 5.0 -0.4
IWB iShares Russell 1000 ETF 20.9 15 -11 4.9 -0.5
PSET Principal Price Setters Index ETF 20.8 29 -25 4.6 -0.8
SCHK Schwab 1000 Index ETF 20.8 5 -1 5.1 -0.3
SCHX Schwab U.S. Large-Cap ETF 20.8 3 1 5.1 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 20.7 15 -11 4.9 -0.5
IYY iShares Dow Jones U.S. ETF 20.6 20 -16 5.0 -0.4
PBUS Invesco PureBeta MSCI USA ETF 20.6 4 0 5.1 -0.3
SMMD iShares Russell 2500 ETF 20.0 15 -11 5.6 +0.3
SCHB Schwab U.S. Broad Market ETF 19.9 3 1 5.0 -0.4
IWV iShares Russell 3000 ETF 19.9 20 -16 4.8 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 19.8 3 1 5.0 -0.4
VTHR Vanguard Russell 3000 Index Fund 19.8 10 -6 4.9 -0.5
USDY Pacific Global US Equity Income ETF 19.8 29 -25 7.1 +1.7
MAGA Point Bridge GOP Stock Tracker ETF 19.8 72 -68 6.3 +0.9
VTI Vanguard Total Stock Market Index Fund 19.6 3 1 4.9 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 19.4 29 -25 5.0 -0.4
VFQY Vanguard U.S. Quality Factor ETF 19.4 13 -9 5.8 +0.4

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:
BNY Mellon US Mid Cap Core Equity 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 13.7 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.