Reality Shares Nasdaq NextGen Economy ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Reality Shares Nasdaq NexGen Economy ETF seeks long-term growth by tracking the investment returns, before fees and expenses, of the Reality Shares NASDAQ Blockchain Index.

FUND BASICS
Category Global Equities
Fund Sponsor Reality Shares
Website www.realityshares.com
Inception date Jan 17, 2017
Assets (mns) $62
Currency USD
Expense ratio 68 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 68
Wgt avg mkt cap (mns) $179,709
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 3.8%
Developed mkts 84.2%
Emerging mkts 15.8%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 2.5 %
ZHONGAN ONLINE P&C INSURANCE CO., 2.5 %
NVIDIA CORP 2.4 %
SQUARE, INC. CLASS A 2.2 %
FUJITSU LTD 2.1 %
MICROSOFT CORP 2.0 %
JD.COM INC-ADR 2.0 %
INTEL CORP 2.0 %
LINE CORP. SPONSORED ADR 1.9 %
BAIDU INC - SPON ADR 1.9 %
Total 21.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 45.8 %
CHINA 15.5 %
JAPAN 13.6 %
GERMANY 5.7 %
CANADA 2.6 %
IRELAND 1.8 %
SOUTH KOREA 1.7 %
TAIWAN 1.7 %
BRITAIN 1.6 %
SWITZERLAND 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.3% 21.2% -- -- 3.5%

Market Correlations
versus... Beta R-squared
S&P500 1.15 94%
MSCI EAFE 1.21 79%
MSCI Emg. Mkts. 0.86 63%

Technical Indicators
Recent close $24.85
30d moving avg. $26.53
Annualized volatility 16.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.5%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $52,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Reality Shares Nasdaq NextGen Economy ETF ETF based on the alternatives' overlap in portfolio holdings with BLCN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BLCN Expense: 68 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BLCN
Ticker Fund
Name
Overlap1
vs BLCN
(%)
Expense
ratio
(bp)
Savings
vs BLCN
(bp)
ALTAR
Score™
(%)
ALTAR
vs BLCN
(%)
BLOK Amplify Transformational Data Sharing ETF 46.6 70 -2 4.3 -0.9
LEGR First Trust Index Digital Transaction & Process Technology E 42.8 65 3 6.7 +1.6
KOIN Innovation Shares NextGen Protocol ETF 31.0 95 -27 4.6 -0.5
GDAT Goldman Sachs Motif Data-Driven World Etf 29.1 50 18 6.3 +1.2
XNTK SPDR Morgan Stanley Technology ETF 28.1 35 33 4.6 -0.5
AIQ Global X Future Analytics Tech ETF 28.0 68 0 4.8 -0.3
IETC iShares Evolved U.S. Technology ETF 24.3 18 50 4.7 -0.4
IGM iShares North American Tech ETF 24.3 46 22 4.6 -0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.2 12 56 5.6 +0.5
PLAT WisdomTree Modern Tech Platforms Fund 23.5 45 23 2.1 -3.1
OEF iShares S&P 100 ETF 22.9 20 48 5.6 +0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 22.5 40 28 6.8 +1.7
TECB iShares US Tech Breakthrough Multisector ETF 22.3 40 28 4.8 -0.4
XLG Invesco S&P 500 Top 50 ETF 22.1 20 48 5.3 +0.2
XLK Technology Select Sector SPDR Fund 21.4 13 55 5.6 +0.4
OMOM Invesco Russell 1000 Momentum Factor ETF 21.3 19 49 4.9 -0.3
VGT Vanguard Information Technology Index Fund 21.3 10 58 5.4 +0.3
IXN iShares Global Tech ETF 21.2 46 22 5.4 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 21.2 27 41 5.8 +0.6
IWL iShares Russell Top 200 ETF 21.2 15 53 5.8 +0.7

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%.

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:
Reality Shares Nasdaq NextGen Economy 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 12.7 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.56
 
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.