BNY Mellon US Small Cap Core Equity ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
34.4x P/Sales
ratio
1.4x
P/BV
ratio
2.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BKSE tracks a market-cap weighted index of US small-cap stocks that covers the bottom 3-10% 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) $42
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 707
Wgt avg mkt cap (mns) $4,194
Large cap (>$10bn) 3.1%
Mid cap ($2-10bn) 84.9%
Small cap (<$2bn) 9.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MATCH GROUP, INC. 1.4 %
DATADOG INC CLASS A 0.8 %
SOLAREDGE TECHNOLOGIES, INC. 0.6 %
ENPHASE ENERGY INC 0.5 %
MYOKARDIA, INC. 0.5 %
CARVANA CO. CLASS A 0.5 %
QUIDEL CORP 0.5 %
BOSTON BEER COMPANY INC-CL A 0.5 %
NUANCE COMMUNICATIONS INC 0.4 %
CHEGG INC 0.4 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
BERMUDA 1.0 %
BRITAIN 0.7 %
SINGAPORE 0.3 %
SWITZERLAND 0.3 %
PUERTO RICO 0.2 %
IRELAND 0.2 %
NETHERLANDS 0.2 %
CAYMAN ISLANDS 0.1 %
CANADA 0.1 %

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.
5.0% -- -- -- 5.0%

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

Technical Indicators
Recent close $69.20
30d moving avg. $68.01
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $29,799

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BKSE Expense: 4 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BKSE
Ticker Fund
Name
Overlap1
vs BKSE
(%)
Expense
ratio
(bp)
Savings
vs BKSE
(bp)
ALTAR
Score™
(%)
ALTAR
vs BKSE
(%)
SCHA Schwab U.S. Small-Cap ETF 64.1 4 0 4.7 -0.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 61.2 6 -2 5.1 -0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 58.6 17 -13 4.8 -0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 53.7 7 -3 5.1 -0.5
VBR Vanguard Small Cap Value Index Fund 53.0 7 -3 8.0 +2.4
VB Vanguard Small-Cap ETF 50.8 5 -1 5.2 -0.4
EZM WisdomTree U.S. MidCap Earnings Fund 50.0 38 -34 8.7 +3.1
IJH iShares Core S&P Mid-Cap ETF 48.6 5 -1 6.5 +0.9
SPMD SPDR Portfolio Mid Cap ETF 48.6 5 -1 6.5 +0.9
MDY SPDR S&P Midcap 400 ETF Trust 48.6 23 -19 6.3 +0.7
IVOO Vanguard S&P Mid-Cap 400 ETF 48.1 10 -6 6.3 +0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 46.9 61 -57 6.4 +0.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 46.8 40 -36 7.3 +1.6
IWM iShares Russell 2000 ETF 45.5 19 -15 3.3 -2.3
VTWO Vanguard Russell 2000 Index Fund 45.4 10 -6 3.5 -2.1
FSMD Fidelity Small-Mid Factor ETF 44.3 29 -25 6.2 +0.6
JHSC John Hancock Multifactor Small Cap ETF 43.1 42 -38 5.5 -0.1
SFYX Sofi Next 500 ETF 42.9 0 4 5.8 +0.1
VBK Vanguard Small-Cap Growth Index Fund 40.5 7 -3 2.2 -3.4
SMDY Syntax Stratified MidCap ETF 40.1 30 -26 6.7 +1.1
JKK iShares Morningstar Small-Cap Growth ETF 39.7 30 -26 1.0 -4.6
RNMC Mid Cap US Equity Select ETF 39.0 60 -56 7.5 +1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 37.3 20 -16 4.8 -0.8
SCHM Schwab U.S. Mid-Cap ETF 37.0 4 0 5.9 +0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 36.5 25 -21 7.3 +1.6
VXF Vanguard Extended Market Index Fund 35.0 6 -2 3.5 -2.1
IJJ iShares S&P Mid-Cap 400 Value ETF 34.8 25 -21 8.3 +2.6
RWK Invesco S&P MidCap 400 Revenue ETF 34.7 39 -35 8.1 +2.4
IUSS Invesco Strategic US Small Company ETF 34.5 23 -19 5.2 -0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 34.5 15 -11 8.4 +2.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 33.7 15 -11 8.3 +2.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 32.5 20 -16 9.2 +3.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 32.0 70 -66 2.1 -3.6
IJK iShares S&P Mid-Cap 400 Growth ETF 31.5 24 -20 4.9 -0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.4 15 -11 5.0 -0.7
NUSC Nuveen ESG Small-Cap ETF 31.1 40 -36 4.7 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 31.1 29 -25 5.0 -0.7
IWO iShares Russell 2000 Growth ETF 31.0 24 -20 -0.1 -5.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 30.9 15 -11 4.9 -0.8
VTWG Vanguard Russell 2000 Growth Index Fund 30.6 15 -11 0.1 -5.6
JKJ iShares Morningstar Small-Cap ETF 30.0 25 -21 6.4 +0.7
JKL iShares Morningstar Small Cap Value ETF 29.4 30 -26 10.0 +4.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 28.2 29 -25 9.4 +3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.2 39 -35 4.5 -1.1
AFMC First Trust Active Factor Mid Cap ETF 27.6 65 -61 6.3 +0.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 26.6 24 -20 6.5 +0.8
DON WisdomTree U.S. MidCap Dividend Fund 26.3 38 -34 7.6 +1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.5 66 -62 2.3 -3.4
STSB iShares Factors US Small Blend Style ETF 25.3 35 -31 3.6 -2.0
SMMD iShares Russell 2500 ETF 25.0 15 -11 5.7 +0.0
FAB First Trust Multi Cap Value AlphaDEX Fund 24.5 71 -67 9.6 +4.0
EQAL Invesco Russell 1000 Equal Weight ETF 23.8 20 -16 5.9 +0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 23.0 70 -66 10.8 +5.2
AFSM First Trust Active Factor Small Cap ETF 22.4 75 -71 5.5 -0.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.4 29 -25 6.8 +1.2
TUSA First Trust Total US Market AlphaDEX ETF 22.3 70 -66 5.7 +0.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 22.0 29 -25 0.2 -5.5
JHMM John Hancock Multifactor Mid Cap ETF 20.7 42 -38 5.5 -0.2
IWN iShares Russell 2000 Value ETF 20.7 24 -20 6.8 +1.1
VFVA Vanguard U.S. Value Factor ETF 20.4 14 -10 11.0 +5.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 20.1 25 -21 6.2 +0.6
VTWV Vanguard Russell 2000 Value Index Fund 19.9 15 -11 6.9 +1.3
VFQY Vanguard U.S. Quality Factor ETF 19.8 13 -9 6.3 +0.7
VFLQ Vanguard U.S. Liquidity Factor ETF 19.8 14 -10 4.2 -1.5
VFMF Vanguard U.S. Multifactor ETF 18.5 19 -15 7.3 +1.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.9 20 -16 4.6 -1.0
ONEY SPDR Russell 1000 Yield Focus ETF 17.9 20 -16 9.0 +3.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.6 24 -20 6.0 +0.4
VFMO Vanguard U.S. Momentum Factor ETF 17.3 13 -9 0.7 -4.9
IWS iShares Russell Mid-Cap Value ETF 17.1 24 -20 6.9 +1.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 16.3 30 -26 7.5 +1.9
STMB iShares Factors US Mid Blend Style ETF 16.1 30 -26 5.6 -0.0
BFOR Barron's 400 ETF 16.1 65 -61 6.4 +0.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 15.9 35 -31 7.8 +2.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 15.8 35 -31 7.9 +2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 15.5 20 -16 6.3 +0.7
IWR iShares Russell Midcap ETF 15.2 19 -15 5.4 -0.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.1 35 -31 5.9 +0.3
CSML IQ Chaikin U.S. Small Cap ETF 15.1 35 -31 3.9 -1.8
JVAL JPMorgan U.S. Value Factor ETF 14.9 12 -8 8.4 +2.8
FYX First Trust Small Cap Core AlphaDEX Fund 14.9 63 -59 6.1 +0.5
TPSC Timothy Plan US Small Cap Core ETF 14.7 52 -48 7.9 +2.3
PSC Principal U.S. Small Cap Index ETF 14.7 38 -34 6.8 +1.2
AVUV Avantis U.S. Small Cap Value ETF 14.6 25 -21 8.0 +2.3
ISMD Inspire Small/Mid Cap Impact ETF 14.1 60 -56 4.9 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.8 20 -16 6.9 +1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 13.4 30 -26 5.5 -0.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.2 12 -8 7.5 +1.9
VIOO Vanguard S&P Small-Cap 600 ETF 13.2 10 -6 6.9 +1.3
DES WisdomTree U.S. SmallCap Dividend Fund 13.1 38 -34 8.4 +2.8
IJR iShares Core S&P Small Cap ETF 13.0 6 -2 7.0 +1.4
SPSM SPDR Portfolio Small Cap ETF 13.0 5 -1 7.0 +1.4
SLY SPDR S&P 600 Small Cap ETF 13.0 15 -11 6.9 +1.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 12.9 29 -25 5.7 +0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 12.9 40 -36 7.2 +1.6
VUSE Vident Core US Equity Fund 12.7 48 -44 9.0 +3.3
VCR Vanguard Consumer Discretionary Index Fund 12.7 10 -6 3.7 -1.9
JHMC John Hancock Multifactor Consumer Discretionary ETF 12.6 40 -36 3.9 -1.8
AVUS Avantis U.S. Equity ETF 12.4 15 -11 5.5 -0.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 12.1 35 -31 3.9 -1.7

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 Small 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 10.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.6 %
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.