Innovator IBD Breakout Opportunities ETF
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
26.8x P/Sales
ratio
6.3x
P/BV
ratio
7.2x Div.
yield
0.6%


  • 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 12, 2018
Assets (mns) $6
Currency USD
Expense ratio 84 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) $149,687
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 19.3%
Small cap (<$2bn) 10.7%
Developed mkts 98.0%
Emerging mkts 2.1%

TOP TEN HOLDINGS
NVIDIA CORP 7.1 %
FORTINET INC 6.9 %
CHEGG INC 6.9 %
VERTEX PHARMACEUTICALS INC 6.8 %
PAYPAL HOLDINGS INC 6.3 %
TRADEWEB MARKETS, INC. CLASS A 6.2 %
PALOMAR HOLDINGS, INC. 6.1 %
POOL CORP 6.1 %
ABBVIE INC 6.0 %
PENNYMAC FINANCIAL SERVICE-A 5.9 %
Total 64.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
TAIWAN 2.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.6% 5.4% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.83 66%
MSCI EAFE 0.77 47%
MSCI Emg. Mkts. 0.50 29%

Technical Indicators
Recent close $22.41
30d moving avg. $21.72
Annualized volatility 21.5%
Short interest (ETF) 4.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.2%
Bid/Ask (% of price) 0.67%
ADV underlying (mns) $45,700

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: 84 bp ALTAR Score™: 3.2%


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 38.9 80 4 3.5 +0.3
JKE iShares Morningstar Large-Cap Growth ETF 21.9 25 59 2.9 -0.4
QGRO American Century STOXX U.S. Quality Growth ETF 20.4 29 55 3.2 -0.1
TECB iShares US Tech Breakthrough Multisector ETF 18.4 40 44 4.0 +0.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 18.3 75 9 2.1 -1.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 18.3 15 69 4.2 +1.0
ENTR Entrepreneur 30 Fund 18.1 49 35 2.6 -0.7
RPG Invesco S&P 500 Pure Growth ETF 17.8 35 49 4.4 +1.2
SYG SPDR MFS Systematic Growth Equity ETF 17.6 60 24 4.3 +1.1
XNTK SPDR NYSE Technology ETF 16.6 35 49 3.7 +0.5
IETC iShares Evolved U.S. Technology ETF 16.4 18 66 3.8 +0.6
KOIN Innovation Shares NextGen Protocol ETF 16.2 95 -11 4.4 +1.2
IGM iShares Expanded Tech Sector ETF 16.1 46 38 3.8 +0.6
QYLD Global X NASDAQ 100 Covered Call ETF 16.0 60 24 3.5 +0.3
AIQ Global X Future Analytics Tech ETF 16.0 68 16 3.9 +0.7
NUSI Nationwide Risk-Managed Income ETF 15.8 68 16 3.5 +0.2
GDAT Goldman Sachs Motif Data-Driven World Etf 15.8 50 34 5.0 +1.8
QQQ Invesco QQQ Trust 15.8 20 64 3.9 +0.6
PWB Invesco Dynamic Large Cap Growth ETF 15.6 55 29 3.4 +0.2
IWY iShares Russell Top 200 Growth ETF 15.4 20 64 4.2 +0.9
IVW iShares S&P 500 Growth ETF 15.2 18 66 4.2 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 15.2 4 80 4.4 +1.1
VOOG Vanguard S&P 500 Growth ETF 15.2 10 74 4.3 +1.1
ADME Aptus Drawdown Managed Equity ETF 15.0 81 3 3.6 +0.4
TMFC Motley Fool 100 Index ETF 15.0 50 34 3.8 +0.6
MGK Vanguard Mega Cap Growth ETF 14.9 7 77 4.2 +0.9
CACG ClearBridge All Cap Growth ETF 14.8 54 30 4.4 +1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 14.8 61 23 2.9 -0.3
IWF iShares Russell 1000 Growth ETF 14.7 19 65 4.2 +0.9
IUSG iShares Core S&P US Growth ETF 14.7 4 80 4.4 +1.1
VONG Vanguard Russell 1000 Growth Index Fund 14.6 8 76 4.3 +1.0
VUG Vanguard Growth Index Fund 14.6 4 80 4.1 +0.8
NULG Nuveen ESG Large-Cap Growth ETF 14.5 35 49 3.6 +0.4
VEGN US Vegan Climate ETF 14.5 60 24 5.2 +2.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14.4 59 25 3.7 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 14.0 4 80 4.2 +0.9
HIPR Direxion High Growth ETF 13.9 40 44 2.9 -0.4
DSI iShares MSCI KLD 400 Social ETF 13.9 25 59 5.2 +1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.7 75 9 3.8 +0.6
ESG FlexShares STOXX US ESG Impact Index Fund 13.7 32 52 5.1 +1.9
IYW iShares U.S. Technology ETF 13.7 42 42 4.0 +0.8
XLG Invesco S&P 500 Top 50 ETF 13.7 20 64 4.5 +1.3
PTF Invesco DWA Technology Momentum ETF 13.7 60 24 1.2 -2.0
JMOM JPMorgan U.S. Momentum Factor ETF 13.6 12 72 3.9 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.5 60 24 4.4 +1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 13.5 21 63 3.0 -0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 13.2 45 39 4.7 +1.5
PWC Invesco Dynamic Market ETF 13.0 59 25 4.9 +1.6
PDP Invesco DWA Momentum ETF 12.7 62 22 2.8 -0.5
ALFA AlphaClone Alternative Alpha ETF 12.6 65 19 3.4 +0.2
SPMO Invesco S&P 500 Momentum ETF 12.6 13 71 4.4 +1.2
FDMO Fidelity Momentum Factor ETF 12.5 29 55 3.9 +0.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 12.5 49 35 2.2 -1.1
XLK Technology Select Sector SPDR Fund 12.4 13 71 4.8 +1.5
VGFO Virtus WMC Global Factor Opportunities ETF 12.2 49 35 6.0 +2.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.2 65 19 3.4 +0.1
LRGE ClearBridge Large Cap Growth ESG ETF 12.1 59 25 3.8 +0.6
OEF iShares S&P 100 ETF 12.1 20 64 4.8 +1.6
FDN First Trust Dow Jones Internet Index Fund 12.0 52 32 2.2 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 11.9 29 55 5.3 +2.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 11.8 12 72 5.0 +1.7
AIEQ AI Powered Equity ETF 11.8 87 -3 3.7 +0.5
EXT WisdomTree U.S. Total Earnings Fund 11.6 28 56 5.3 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 11.6 27 57 5.0 +1.8
BKLC BNY Mellon US Large Cap Core Equity ETF 11.5 0 84 5.3 +2.0
IWL iShares Russell Top 200 ETF 11.5 15 69 5.1 +1.8
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 11.5 99 -15 2.3 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 11.5 12 72 5.3 +2.0
LEAD Reality Shares DIVCON Leaders Dividend ETF 11.4 43 41 4.4 +1.2
FMK First Trust Mega Cap AlphaDEX Fund 11.4 70 14 5.2 +2.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.3 49 35 4.1 +0.9
NULC Nuveen ESG Large-Cap ETF 11.3 20 64 5.0 +1.8
ECOZ TrueMark ESG Active Opportunities ETF 11.2 58 26 4.4 +1.1
MGC Vanguard Mega Cap Index Fund 11.2 7 77 5.3 +2.0
FTEC Fidelity MSCI Information Technology Index ETF 11.2 8 76 4.6 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 11.2 27 57 5.4 +2.1
ESGU iShares MSCI USA ESG Optimized ETF 11.2 15 69 5.2 +1.9
SNPE Xtrackers S&P 500 ESG ETF 11.2 11 73 5.2 +1.9
ESGV Vanguard ESG U.S. Stock ETF 11.2 12 72 5.2 +2.0
VGT Vanguard Information Technology Index Fund 11.1 10 74 4.6 +1.3
PBP Invesco S&P 500 BuyWrite ETF 11.1 49 35 5.0 +1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.1 20 64 5.4 +2.2
SPY SPDR S&P 500 ETF Trust 11.0 9 75 5.4 +2.2
IVV iShares Core S&P 500 ETF 11.0 4 80 5.5 +2.2
OGIG O'Shares Global Internet Giants ETF 11.0 48 36 0.7 -2.5
SPLG SPDR Portfolio Large Cap ETF 11.0 3 81 5.5 +2.2
VOO VANGUARD S&P 500 ETF 11.0 3 81 5.5 +2.2
HSPX Global X S&P 500 Covered Call ETF 10.9 65 19 4.9 +1.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 10.9 18 66 2.9 -0.3
IXN iShares Global Tech ETF 10.9 46 38 4.5 +1.3
LEGR First Trust Index Digital Transaction & Process Technology E 10.9 65 19 7.3 +4.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.8 68 16 4.2 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 10.8 7 77 5.3 +2.0
SFY SoFi Select 500 ETF 10.8 0 84 5.3 +2.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.8 68 16 0.8 -2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 10.7 2 82 5.4 +2.1
VV Vanguard Large-Cap Index Fund 10.7 4 80 5.3 +2.1
STLG iShares Factors US Growth Style ETF 10.7 25 59 3.7 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 10.7 27 57 5.1 +1.8
FQAL Fidelity Quality Factor ETF 10.7 29 55 5.5 +2.3

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:
Innovator IBD Breakout Opportunities ETF
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 26.3 %
Divided by: Fwd. P/BV 6.4 x
Less: Expense ratio 84 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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