NYSE Pickens Oil Response
ALTAR
Score™
3.5% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
25.5x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BOON tracks an index of equally weighted US large-cap companies with significant correlation to the price of Brent crude oil.

FUND BASICS
Category US Equities
Fund Sponsor ETF Series Solutions
Website www.tboonetf.com/our-etf
Inception date Feb 28, 2018
Assets (mns) $3
Currency USD
Expense ratio 85 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 83
Wgt avg mkt cap (mns) $41,160
Large cap (>$10bn) 38.2%
Mid cap ($2-10bn) 48.1%
Small cap (<$2bn) 13.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 3.2 %
SOLAREDGE TECHNOLOGIES, INC. 2.7 %
ORMAT TECHNOLOGIES INC 2.3 %
BORALEX INC -CL 'A' 2.3 %
PATTERN ENERGY GROUP INC 2.3 %
INNERGEX RENEWABLE ENERGY 2.3 %
BROOKFIELD ASSET MANAGE-CL A 2.3 %
EDISON INTERNATIONAL 2.2 %
WABTEC CORP 2.2 %
EATON CORP PLC 2.2 %
Total 24.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.4 %
CANADA 29.5 %
IRELAND 2.2 %








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.
7.7% -10.1% -- -- -8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.47 79%
MSCI EAFE 1.72 79%
MSCI Emg. Mkts. 1.27 62%

Technical Indicators
Recent close $21.05
30d moving avg. $20.44
Annualized volatility 24.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $29,737

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the NYSE Pickens Oil Response ETF based on the alternatives' overlap in portfolio holdings with BOON. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOON Expense: 85 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOON
Ticker Fund
Name
Overlap1
vs BOON
(%)
Expense
ratio
(bp)
Savings
vs BOON
(bp)
ALTAR
Score™
(%)
ALTAR
vs BOON
(%)
XKCP SPDR Kensho Clean Power 26.3 45 40 3.0 -0.5
ACES ALPS Clean Energy 23.7 65 20 0.7 -2.8
ICLN iShares S&P Global Clean Energy 17.6 46 39 4.0 +0.5
YLCO Global X YieldCo & Renewable Energy Income 17.1 65 20 4.9 +1.4
QCLN First Trust NASDAQ Clean Edge Green Energy 15.8 60 25 1.5 -2.0
PBW Invesco WilderHill Clean Energy 15.7 70 15 -1.8 -5.3
PUI Invesco DWA Utilities Momentum 14.6 60 25 4.3 +0.8
GEX VanEck Vectors Global Alternative Energy 14.5 63 22 4.1 +0.6
JHMU John Hancock Multifactor Utilities 12.9 40 45 5.1 +1.7
FUTY Fidelity MSCI Utilities 12.8 8 77 5.1 +1.7
VPU Vanguard Utilities ETF 12.7 10 75 5.1 +1.6
IDU iShares DJ US Utilities 12.1 43 42 4.9 +1.4
SUSA iShares MSCI USA ESG Select 11.9 25 60 5.2 +1.8
FAN First Trust Global Wind 11.5 60 25 5.6 +2.1
RYU Invesco S&P Equal Weight Utilities 11.2 40 45 5.1 +1.6
XLUY Cushing Utility & MLP 11.1 65 20 4.9 +1.4
FVD First Trust Value Line Dividend 11.0 70 15 5.8 +2.3
PBD Invesco Gbl Clean Energy 10.8 75 10 -1.5 -5.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility 10.7 60 25 4.4 +1.0
ESGU iShares MSCI USA ESG Optimized 10.6 15 70 5.6 +2.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
NYSE Pickens Oil Response
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.55
 
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.