Innovator IBD Breakout Opportunities ETF
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.8x P/Sales
ratio
3.7x
P/BV
ratio
4.0x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The innovator IBD Breakout Opportunities ETF tracks an index of US-listed stocks that are likely to breakout, as determined by technical analysis. Holdings are weighted by a mix of fundamental and technical factors. The fund may hold 50% T-bills based on technical market signals.

FUND BASICS
Category US Equities
Fund Sponsor Innovator Capital Management
Website www.innovatoretfs.com
Inception date Sep 13, 2018
Assets (mns) $4
Currency USD
Expense ratio 80 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $45,931
Large cap (>$10bn) 48.0%
Mid cap ($2-10bn) 37.1%
Small cap (<$2bn) 14.9%
Developed mkts 83.2%
Emerging mkts 16.8%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 7.8 %
AUDIOCODES LTD 7.2 %
TAIWAN SEMICONDUCTOR-SP ADR 7.1 %
TERADYNE INC 6.8 %
POWER INTEGRATIONS INC 6.6 %
KLA-TENCOR CORPORATION 6.4 %
AMERICOLD REALTY TRUST 6.0 %
NVIDIA CORP 5.9 %
DAQO NEW ENERGY CORP. SPONSORED AD 5.8 %
EDWARDS LIFESCIENCES CORP 5.8 %
Total 65.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 72.0 %
CHINA 9.7 %
ISRAEL 7.2 %
TAIWAN 7.1 %
JAPAN 2.0 %
BRITAIN 0.9 %
ITALY 0.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.5% -9.0% -- -- -7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.77 57%
MSCI EAFE 0.66 38%
MSCI Emg. Mkts. 0.41 21%

Technical Indicators
Recent close $17.37
30d moving avg. $18.36
Annualized volatility 20.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 5
Turnover 2.0%
Bid/Ask (% of price) 1.70%
ADV underlying (mns) $11,324

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Innovator IBD Breakout Opportunities ETF ETF based on the alternatives' overlap in portfolio holdings with BOUT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOUT Expense: 80 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOUT
Ticker Fund
Name
Overlap1
vs BOUT
(%)
Expense
ratio
(bp)
Savings
vs BOUT
(bp)
ALTAR
Score™
(%)
ALTAR
vs BOUT
(%)
FFTY Innovator IBD 50 ETF 49.0 80 0 5.8 +0.2
SMH VanEck Vectors Semiconductor ETF 17.3 35 45 7.5 +1.9
ENTR Entrepreneur 30 Fund 16.9 49 31 3.5 -2.2
SOXX iShares PHLX Semiconductor ETF 15.3 46 34 7.2 +1.6
PSI Invesco Dynamic Semiconductors ETF 14.4 58 22 7.0 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.1 15 65 6.3 +0.7
TECB iShares US Tech Breakthrough Multisector ETF 11.6 40 40 5.5 -0.1
MOTO SmartETFs Smart Transportation & Technology ETF 11.2 68 12 12.3 +6.7
FTXL First Trust Nasdaq Semiconductor ETF 10.3 60 20 7.2 +1.6
XNTK SPDR Morgan Stanley Technology ETF 10.1 35 45 5.5 -0.1
LOUP Innovator Loup Frontier Tech ETF 9.6 70 10 5.3 -0.3
LNGR Global X Longevity Thematic ETF 9.5 50 30 4.5 -1.2
BOSS Global X Founder-Run Companies ETF 9.5 45 35 4.9 -0.8
CLOU Global X Cloud Computing ETF 9.0 68 12 1.8 -3.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 8.7 45 35 6.4 +0.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 8.5 18 62 7.4 +1.8
KOIN Innovation Shares NextGen Protocol ETF 8.4 95 -15 5.9 +0.3
IDNA iShares Genomics Immunology & Healthcare ETF 8.4 47 33 -3.4 -9.1
KNOW Direxion All Cap Insider Sentiment Shares 8.4 59 21 7.3 +1.7
IBB iShares NASDAQ Biotechnology ETF 8.2 47 33 0.8 -4.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.8 75 5 4.1 -1.5
FDN First Trust Dow Jones Internet Index Fund 7.8 52 28 3.9 -1.8
AIQ Global X Future Analytics Tech ETF 7.7 68 12 5.8 +0.2
RDVY First Trust Rising Dividend Achievers ETF 7.5 50 30 10.3 +4.7
XSD SPDR S&P Semiconductor ETF 7.5 35 45 5.7 +0.1
BBH VanEck Vectors Biotech ETF 7.4 35 45 4.5 -1.1
PXQ Invesco Dynamic Networking ETF 7.3 63 17 3.9 -1.7
ADME Aptus Drawdown Managed Equity ETF 7.3 81 -1 5.5 -0.1
PTF Invesco DWA Technology Momentum ETF 7.3 60 20 2.2 -3.5
FBT First Trust NYSE Arca Biotechnology Index Fund 7.2 57 23 -0.2 -5.8
FRDM Freedom 100 Emerging Markets ETF 7.1 49 31 9.2 +3.6
PTH Invesco DWA Healthcare Momentum ETF 7.1 60 20 -3.0 -8.6
GENY Principal Millennials Index ETF 7.0 45 35 6.4 +0.8
QGRO American Century STOXX U.S. Quality Growth ETF 7.0 29 51 4.6 -1.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 7.0 60 20 5.2 -0.4
BIBL Inspire ETF 6.6 35 45 6.3 +0.7
ARKQ Ark Industrial Innovation ETF 6.4 75 5 1.6 -4.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 6.3 35 45 5.9 +0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 6.3 60 20 5.7 +0.1
CNCR Loncar Cancer Immunotherapy ETF 6.2 79 1 -4.5 -10.1
PWB Invesco Dynamic Large Cap Growth ETF 6.2 55 25 4.6 -1.0
XITK SPDR FactSet Innovative Technology ETF 6.2 45 35 0.9 -4.7
RPG Invesco S&P 500 Pure Growth ETF 6.1 35 45 6.6 +1.0
FTC First Trust Large Cap Growth AlphaDEX Fund 6.1 61 19 4.5 -1.2
TTAC TrimTabs Float Shrink ETF 6.1 59 21 5.3 -0.3
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 6.0 60 20 5.3 -0.4
BUL Pacer US Cash Cows Growth ETF 5.9 60 20 8.1 +2.5
IDRV iShares Self-driving EV & Tech ETF 5.9 47 33 10.5 +4.8
BOTZ Global X Robotics & Artificial Intelligence ETF 5.9 68 12 4.5 -1.2
HERO Global X Video Games & Esports ETF 5.9 50 30 3.9 -1.7
ESPO VanEck Vectors Video Gaming & eSports ETF 5.9 55 25 3.6 -2.0
JHMT John Hancock Multifactor Technology ETF 5.9 40 40 6.9 +1.3
PNQI Invesco NASDAQ Internet ETF 5.8 62 18 3.2 -2.4
FXH First Trust Health Care AlphaDEX Fund 5.8 62 18 6.6 +1.0
IQM Franklin Intelligent Machines ETF 5.7 50 30 3.5 -2.1
FXL First Trust Technology AlphaDEX Fund 5.7 61 19 5.6 -0.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 5.5 30 50 8.0 +2.4
QYLD Global X NASDAQ 100 Covered Call ETF 5.5 60 20 5.0 -0.6
IGM iShares North American Tech ETF 5.4 46 34 5.5 -0.1
QTUM Defiance Quantum ETF 5.4 40 40 7.4 +1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 5.4 57 23 6.4 +0.8
JKK iShares Morningstar Small-Cap Growth ETF 5.3 30 50 2.2 -3.4
QQQ Invesco QQQ Trust 5.3 20 60 5.5 -0.2
WCLD WisdomTree Cloud Computing Fund 5.2 45 35 2.8 -2.8
NUSI Nationwide Risk-Managed Income ETF 5.2 68 12 5.0 -0.6
JKE iShares Morningstar Large-Cap Growth ETF 5.2 25 55 4.7 -0.9
PFI Invesco DWA Financial Momentum ETF 5.1 60 20 4.3 -1.3
XBI SPDR S&P BIOTECH ETF 5.1 35 45 -5.3 -10.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 5.1 18 62 4.5 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 5.0 49 31 9.4 +3.8
GBUY Goldman Sachs Motif New Age Consumer ETF 4.9 50 30 3.7 -1.9
PDP Invesco DWA Momentum ETF 4.9 62 18 3.8 -1.8
FDMO Fidelity Momentum Factor ETF 4.9 29 51 5.6 -0.0
IRBO iShares Robotics & Artificial Intelligence ETF 4.8 47 33 4.0 -1.6
JOYY Infusive Compounding Global Equities ETF 4.8 50 30 5.2 -0.5
ARKW ARK Web x.0 ETF 4.8 76 4 -0.7 -6.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 4.8 65 15 13.2 +7.6
GVIP Goldman Sachs Hedge Industry VIP ETF 4.8 45 35 6.7 +1.1
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 4.7 50 30 6.6 +0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.7 49 31 11.1 +5.5
LRNZ TrueMark Technology, AI & Deep Learning ETF 4.7 68 12 1.6 -4.0
IHI iShares U.S. Medical Devices ETF 4.6 43 37 4.5 -1.1
SPGP Invesco S&P 500 GARP ETF 4.6 35 45 10.9 +5.3
ETHO Etho Climate Leadership U.S. ETF 4.5 47 33 6.8 +1.2
TAN Invesco Solar ETF 4.5 71 9 3.5 -2.2
BLOK Amplify Transformational Data Sharing ETF 4.3 70 10 5.0 -0.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 4.3 65 15 4.5 -1.2
PSCT Invesco S&P SmallCap Information Technology ETF 4.3 29 51 7.8 +2.2
SPHB Invesco S&P 500 High Beta ETF 4.3 25 55 11.6 +6.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.3 70 10 8.9 +3.3
IWP iShares Russell Mid-Cap Growth ETF 4.3 24 56 6.1 +0.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 4.2 40 40 8.0 +2.4
KRMA Global X Conscious Companies ETF 4.2 43 37 7.5 +1.9
GDNA Goldman Sachs Motif Human Evolution ETF 4.2 50 30 0.5 -5.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 4.2 66 14 4.3 -1.3
IYW iShares U.S. Technology ETF 4.2 42 38 5.7 +0.1
DRIV Global X Autonomous & Electric Vehicles ETF 4.2 68 12 8.7 +3.1
KOMP SPDR Kensho New Economies Composite ETF 4.1 20 60 2.8 -2.9
JHCS John Hancock Multifactor Media & Communications ETF 4.1 40 40 7.7 +2.1
IYC iShares U.S. Consumer Services ETF 4.1 42 38 6.6 +1.0

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%.

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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:
Innovator IBD Breakout Opportunities ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.9 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 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.