BNY Mellon US Mid Cap Core Equity ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.7x P/Sales
ratio
2.1x
P/BV
ratio
3.1x Div.
yield
1.4%


  • 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) $45
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 481
Wgt avg mkt cap (mns) $21,251
Large cap (>$10bn) 83.5%
Mid cap ($2-10bn) 16.0%
Small cap (<$2bn) 0.2%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 1.1 %
SQUARE, INC. CLASS A 1.0 %
MERCADOLIBRE INC 0.9 %
TWILIO, INC. CLASS A 0.6 %
LULULEMON ATHLETICA INC 0.6 %
SNAP, INC. CLASS A 0.5 %
DOCUSIGN, INC. 0.5 %
KLA-TENCOR CORPORATION 0.5 %
IDEXX LABORATORIES INC 0.5 %
TE CONNECTIVITY 0.5 %
Total 6.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 2.2 %
BRITAIN 2.0 %
BERMUDA 0.9 %
ARGENTINA 0.9 %
SWITZERLAND 0.7 %
CAYMAN ISLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.9% -- -- -- 7.9%

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

Technical Indicators
Recent close $74.90
30d moving avg. $70.56
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $68,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.8%


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 78.5 19 -15 5.0 +0.2
VO Vanguard Mid-Cap Index Fund 67.7 4 0 4.7 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 63.6 42 -38 5.0 +0.2
IWS iShares Russell Mid-Cap Value ETF 61.0 24 -20 6.2 +1.4
SIZE iShares MSCI USA Size Factor ETF 59.6 15 -11 5.4 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 58.4 15 -11 5.5 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 56.6 9 -5 5.4 +0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 49.7 35 -31 5.3 +0.5
RSP Invesco S&P 500 Equal Weight ETF 49.7 20 -16 5.8 +1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 49.6 35 -31 5.3 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 48.6 20 -16 5.9 +1.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 46.8 17 -13 5.9 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 46.4 24 -20 5.6 +0.8
FEX First Trust Large Cap Core AlphaDEX Fund 45.9 60 -56 4.9 +0.1
TPLC Timothy Plan US Large Cap Core ETF 45.9 52 -48 4.7 -0.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 44.8 20 -16 6.4 +1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 42.3 29 -25 6.5 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 41.8 29 -25 6.2 +1.4
IWP iShares Russell Mid-Cap Growth ETF 40.6 24 -20 2.8 -2.0
EQAL Invesco Russell 1000 Equal Weight ETF 39.0 20 -16 5.2 +0.4
VOE Vanguard Mid-Cap Value Index Fund 38.5 7 -3 6.8 +2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 38.1 30 -26 6.0 +1.2
JKH iShares Morningstar Mid-Cap Growth ETF 37.7 30 -26 1.9 -2.9
JHML John Hancock Multifactor Large Cap ETF 37.7 29 -25 5.0 +0.2
TUSA First Trust Total US Market AlphaDEX ETF 36.2 70 -66 5.3 +0.5
RNLC Large Cap US Equity Select ETF 36.0 60 -56 5.5 +0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 36.0 17 -13 6.3 +1.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 35.6 15 -11 6.2 +1.4
VOT Vanguard Mid-Cap Growth Index Fund 35.4 7 -3 2.8 -2.0
RBUS Nationwide Risk-Based U.S. Equity ETF 34.4 30 -26 4.7 -0.2
STMB iShares Factors US Mid Blend Style ETF 34.2 30 -26 5.2 +0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 33.9 35 -31 5.1 +0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 33.2 60 -56 5.8 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 32.7 12 -8 3.2 -1.6
JKG iShares Morningstar Mid-Cap ETF 32.3 25 -21 4.9 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 31.3 18 -14 5.7 +0.9
FTC First Trust Large Cap Growth AlphaDEX Fund 30.7 61 -57 2.3 -2.5
VXF Vanguard Extended Market Index Fund 30.6 6 -2 2.8 -2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.5 9 -5 5.2 +0.4
JKI iShares Morningstar Mid-Cap Value ETF 29.7 30 -26 7.7 +2.9
VONV Vanguard Russell 1000 Value Index Fund 28.1 8 -4 6.4 +1.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 27.9 20 -16 7.0 +2.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 27.7 66 -62 2.0 -2.9
SCHM Schwab U.S. Mid-Cap ETF 27.5 4 0 5.4 +0.6
IWD iShares Russell 1000 Value ETF 27.4 19 -15 6.2 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 27.4 4 0 6.2 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.1 75 -71 3.9 -0.9
ETHO Etho Climate Leadership U.S. ETF 27.0 47 -43 4.0 -0.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 27.0 34 -30 4.4 -0.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 26.7 30 -26 5.2 +0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 26.4 71 -67 8.2 +3.4
AFLG First Trust Active Factor Large Cap ETF 26.3 55 -51 4.9 +0.1
VOOV Vanguard S&P 500 Value ETF 25.9 10 -6 6.7 +1.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 25.8 65 -61 2.4 -2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.7 29 -25 5.2 +0.4
FTA First Trust Large Cap Value AlphaDEX Fund 25.5 60 -56 7.7 +2.9
BFOR Barron's 400 ETF 25.4 65 -61 6.0 +1.2
AVUS Avantis U.S. Equity ETF 25.3 15 -11 5.1 +0.3
JVAL JPMorgan U.S. Value Factor ETF 25.0 12 -8 7.5 +2.7
ACWF iShares FactorSelect MSCI Global ETF 25.0 35 -31 7.4 +2.6
USXF iShares ESG Advanced MSCI USA ETF 24.6 10 -6 4.6 -0.2
ROUS Hartford Multifactor US Equity ETF 24.4 19 -15 6.1 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 24.3 4 0 6.7 +1.9
IVE iShares S&P 500 Value ETF 24.3 18 -14 6.6 +1.8
ESGV Vanguard ESG U.S. Stock ETF 24.1 12 -8 4.7 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 23.9 12 -8 6.5 +1.7
IUSV iShares Core S&P U.S. Value ETF 23.8 4 0 6.8 +2.0
BLES Inspire Global Hope Large Cap ETF 23.6 52 -48 5.7 +0.9
VTV Vanguard Value Index Fund 23.4 4 0 6.7 +1.9
DFAU Dimensional US Core Equity Market ETF 23.3 12 -8 4.9 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 23.0 39 -35 6.1 +1.3
EXT WisdomTree U.S. Total Earnings Fund 22.9 28 -24 5.2 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 22.6 25 -21 6.0 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 22.6 12 -8 5.1 +0.3
RWL Invesco S&P 500 Revenue ETF 22.4 39 -35 6.5 +1.7
SCHX Schwab U.S. Large-Cap ETF 22.4 3 1 4.8 -0.1
IUS Invesco Strategic US ETF 22.3 19 -15 5.7 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.2 25 -21 6.0 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 22.0 15 -11 5.4 +0.6
HLAL Wahed FTSE USA Shariah ETF 21.9 50 -46 4.1 -0.7
LRGF iShares Edge MSCI Multifactor USA ETF 21.9 20 -16 6.8 +2.0
ESGU iShares MSCI USA ESG Optimized ETF 21.9 15 -11 4.6 -0.2
ONEY SPDR Russell 1000 Yield Focus ETF 21.8 20 -16 7.6 +2.8
IYY iShares Dow Jones U.S. ETF 21.8 20 -16 4.6 -0.2
SCHK Schwab 1000 Index ETF 21.8 5 -1 4.8 -0.0
IWB iShares Russell 1000 ETF 21.7 15 -11 4.7 -0.1
VEGN US Vegan Climate ETF 21.6 60 -56 4.7 -0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 21.6 12 -8 5.3 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 21.5 15 -11 5.8 +1.0
PBUS Invesco PureBeta MSCI USA ETF 21.4 4 0 4.8 -0.0
REVS Columbia Research Enhanced Value ETF 21.4 19 -15 7.1 +2.3
VTHR Vanguard Russell 3000 Index Fund 20.9 10 -6 4.6 -0.2
SCHB Schwab U.S. Broad Market ETF 20.6 3 1 4.7 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 20.6 3 1 4.6 -0.2
SFY SoFi Select 500 ETF 20.5 0 4 4.7 -0.1
IWV iShares Russell 3000 ETF 20.4 20 -16 4.5 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 20.3 29 -25 4.7 -0.1
RNDV US Equity Dividend Select ETF 20.3 50 -46 7.7 +2.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 20.3 2 2 4.8 +0.0

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

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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 14.0 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.49
 
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.