Reality Shares Nasdaq NextGen Economy ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
2.0x
P/BV
ratio
2.0x Div.
yield
1.8%


  • 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 16, 2018
Assets (mns) $135
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 72
Wgt avg mkt cap (mns) $192,646
Large cap (>$10bn) 83.4%
Mid cap ($2-10bn) 11.4%
Small cap (<$2bn) 2.9%
Developed mkts 84.4%
Emerging mkts 15.6%

TOP TEN HOLDINGS
SQUARE, INC. CLASS A 2.1 %
MICROSOFT CORP 1.9 %
INTL BUSINESS MACHINES CORP 1.9 %
OVERSTOCK.COM INC 1.8 %
JD.COM INC-ADR 1.8 %
INTEL CORP 1.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.7 %
DAIMLER AG-REGISTERED SHARES 1.7 %
GMO INTERNET INC 1.7 %
ACCENTURE PLC-CL A 1.7 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.9 %
CHINA 13.7 %
JAPAN 11.4 %
GERMANY 5.9 %
BRITAIN 2.7 %
CANADA 2.6 %
IRELAND 1.7 %
SOUTH KOREA 1.6 %
TAIWAN 1.5 %
INDIA 1.4 %

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.
34.3% 49.5% -- -- 14.5%

Market Correlations
versus... Beta R-squared
S&P500 1.13 85%
MSCI EAFE 1.17 74%
MSCI Emg. Mkts. 0.93 72%

Technical Indicators
Recent close $34.95
30d moving avg. $34.45
Annualized volatility 22.8%
Short interest (ETF) 0.6%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 78
Turnover 2.0%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $80,859

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.5%


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 41.7 70 -2 4.3 -1.1
LEGR First Trust Index Digital Transaction & Process Technology E 37.9 65 3 9.8 +4.4
KOIN Innovation Shares NextGen Protocol ETF 31.5 95 -27 4.4 -1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 25.4 50 18 4.6 -0.9
XNTK SPDR NYSE Technology ETF 25.0 35 33 3.4 -2.1
AIQ Global X Future Analytics Tech ETF 24.8 68 0 4.0 -1.5
IGM iShares Expanded Tech Sector ETF 22.8 46 22 3.7 -1.8
TECB iShares US Tech Breakthrough Multisector ETF 22.3 40 28 3.9 -1.6
IETC iShares Evolved U.S. Technology ETF 22.0 18 50 3.7 -1.8
QTUM Defiance Quantum ETF 21.7 40 28 5.5 0.0
SPQQ Siren Large Cap Blend Index ETF 21.6 20 48 4.7 -0.8
XLG Invesco S&P 500 Top 50 ETF 21.4 20 48 4.3 -1.1
RYT Invesco S&P 500 Equal Weight Technology ETF 21.3 40 28 6.5 +1.1
OEF iShares S&P 100 ETF 21.2 20 48 4.6 -0.8
GVIP Goldman Sachs Hedge Industry VIP ETF 21.2 45 23 3.7 -1.8
EPS WisdomTree U.S. Earnings 500 Fund 20.3 8 60 6.3 +0.8
IWL iShares Russell Top 200 ETF 20.0 15 53 4.8 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 20.0 0 68 4.9 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 19.9 27 41 4.8 -0.7
FMK First Trust Mega Cap AlphaDEX Fund 19.8 70 -2 4.4 -1.0
MGC Vanguard Mega Cap Index Fund 19.7 7 61 5.0 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.7 20 48 4.8 -0.7
VEGN US Vegan Climate ETF 19.6 60 8 4.9 -0.6
FTEC Fidelity MSCI Information Technology Index ETF 19.6 8 60 4.3 -1.2
VGT Vanguard Information Technology Index Fund 19.5 10 58 4.3 -1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 19.4 25 43 6.1 +0.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 19.4 57 11 5.0 -0.5
XLK Technology Select Sector SPDR Fund 19.3 13 55 4.6 -0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 19.2 52 16 4.9 -0.6
IXN iShares Global Tech ETF 19.1 46 22 4.3 -1.2
THNQ ROBO Global Artificial Intelligence ETF 19.0 68 0 1.6 -3.9
ESGV Vanguard ESG U.S. Stock ETF 19.0 12 56 4.9 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.9 60 8 4.0 -1.5
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 18.8 59 9 3.8 -1.7
HSPX Global X S&P 500 Covered Call ETF 18.6 60 8 4.8 -0.7
PBP Invesco S&P 500 BuyWrite ETF 18.6 49 19 4.8 -0.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 18.6 46 22 4.8 -0.7
GIGE SoFi Gig Economy ETF 18.6 59 9 -0.8 -6.3
EFIV SPDR S&P 500 ESG ETF 18.5 10 58 4.9 -0.6
SNPE Xtrackers S&P 500 ESG ETF 18.5 10 58 4.9 -0.6
JQUA JPMorgan U.S. Quality Factor ETF 18.4 12 56 5.2 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 18.3 27 41 5.1 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 18.3 32 36 5.0 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.3 20 48 5.1 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 18.2 60 8 4.8 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 18.2 25 43 6.7 +1.2
SPY SPDR S&P 500 ETF Trust 18.1 9 59 5.1 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 18.1 12 56 4.7 -0.8
IVV iShares Core S&P 500 ETF 18.1 3 65 5.2 -0.3
SPLG SPDR Portfolio Large Cap ETF 18.1 3 65 5.2 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.0 7 61 5.0 -0.5
DSI iShares MSCI KLD 400 Social ETF 17.9 25 43 5.0 -0.5
VOO VANGUARD S&P 500 ETF 17.9 3 65 5.2 -0.3
FLLV Franklin Liberty U.S. Low Volatility ETF 17.8 29 39 5.4 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 17.8 15 53 5.7 +0.2
XT iShares Exponential Technologies ETF 17.8 47 21 4.8 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 17.7 2 66 5.1 -0.4
VV Vanguard Large-Cap Index Fund 17.6 4 64 5.0 -0.5
PBUS Invesco PureBeta MSCI USA ETF 17.6 4 64 5.0 -0.5
GFIN Goldman Sachs Motif Finance Reimagined ETF 17.5 50 18 5.3 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 17.5 15 53 4.9 -0.6
SFYF SoFi 50 ETF 17.5 29 39 2.0 -3.5
CATH Global X S&P 500 Catholic Values Custom ETF 17.4 29 39 5.0 -0.5
SCHX Schwab U.S. Large-Cap ETF 17.2 3 65 5.0 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 17.2 75 -7 4.7 -0.8
SFY SoFi Select 500 ETF 17.2 0 68 4.9 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 17.1 3 65 5.3 -0.2
NXTG First Trust Indxx NextG ETF 17.1 70 -2 5.9 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 17.0 60 8 3.4 -2.1
ARKF ARK Fintech Innovation ETF 17.0 75 -7 0.3 -5.2
SCHK Schwab 1000 Index ETF 16.9 5 63 5.0 -0.5
IWB iShares Russell 1000 ETF 16.9 15 53 4.9 -0.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 16.9 60 8 3.4 -2.1
IYY iShares Dow Jones U.S. ETF 16.8 20 48 4.9 -0.6
VOOG Vanguard S&P 500 Growth ETF 16.8 10 58 4.1 -1.3
QQQ Invesco QQQ Trust 16.7 20 48 3.7 -1.8
VONE Vanguard Russell 1000 ETF 16.7 8 60 5.0 -0.5
NUSI Nationwide Risk-Managed Income ETF 16.6 68 0 3.2 -2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 16.6 4 64 4.2 -1.3
IVW iShares S&P 500 Growth ETF 16.6 18 50 16.8 +11.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 16.6 9 59 5.8 +0.3
IYW iShares U.S. Technology ETF 16.5 43 25 3.8 -1.7
RAFE PIMCO RAFI ESG U.S. ETF 16.5 29 39 7.6 +2.1
NULC Nuveen ESG Large-Cap ETF 16.4 20 48 4.9 -0.6
VTHR Vanguard Russell 3000 Index Fund 16.4 10 58 4.8 -0.7
MGK Vanguard Mega Cap Growth ETF 16.3 7 61 3.9 -1.5
IUSG iShares Core S&P US Growth ETF 16.3 4 64 4.2 -1.2
IWV iShares Russell 3000 ETF 16.2 20 48 4.8 -0.7
SCHB Schwab U.S. Broad Market ETF 16.2 3 65 4.9 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 16.2 3 65 4.9 -0.6
RDVY First Trust Rising Dividend Achievers ETF 16.1 50 18 7.7 +2.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.1 19 49 5.9 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 16.1 27 41 4.8 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 16.1 15 53 6.0 +0.5
FQAL Fidelity Quality Factor ETF 16.0 29 39 5.3 -0.2
QLC FlexShares US Quality Large Cap Index Fund 15.9 32 36 5.0 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 15.9 12 56 4.5 -1.0
IWY iShares Russell Top 200 Growth ETF 15.9 20 48 3.8 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.9 9 59 5.4 -0.1
ACIO Aptus Collared Income Opportunity ETF 15.8 79 -11 4.2 -1.3

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:
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 11.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.