USCF SummerHaven SHPEN Index Fund
ALTAR
Score™
23.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
484.9x P/Sales
ratio
0.2x
P/BV
ratio
0.3x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The USCF SummerHaven SHPEN Index Fund tracks an equal-weighted index of roughly 80 micro-, small-, and midcap US stocks in the natural resources industry that exhibit similar return characteristics to those companies held by private equity firms.

FUND BASICS
Category Global Equities
Fund Sponsor USCF Advisers
Website www.uscfinvestments.com
Inception date Dec 01, 2017
Assets (mns) $0
Currency USD
Expense ratio 80 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 77
Wgt avg mkt cap (mns) $1,131
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 17.2%
Small cap (<$2bn) 82.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FUTUREFUEL CORP 3.3 %
MURPHY USA, INC. 3.2 %
CNX RESOURCES CORPORATION 3.2 %
MILLER INDUSTRIES INC/TENN 2.8 %
COMMERCIAL METALS CO 2.7 %
HURCO COMPANIES INC 2.5 %
VISTEON CORP 2.5 %
OSHKOSH CORP 2.5 %
STEEL DYNAMICS INC 2.3 %
ENCORE WIRE CORP 2.3 %
Total 27.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 1.1 %









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.
-54.2% -62.2% -- -- -38.9%

Market Correlations
versus... Beta R-squared
S&P500 1.84 70%
MSCI EAFE 1.95 73%
MSCI Emg. Mkts. 1.56 66%

Technical Indicators
Recent close $6.75
30d moving avg. $8.74
Annualized volatility 38.3%
Short interest (ETF) 1.7%
Relative strength (RSI) 25

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.44%
ADV underlying (mns) $1,492

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the USCF SummerHaven SHPEN Index Fund ETF based on the alternatives' overlap in portfolio holdings with BUYN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BUYN Expense: 80 bp ALTAR Score™: 23.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BUYN
Ticker Fund
Name
Overlap1
vs BUYN
(%)
Expense
ratio
(bp)
Savings
vs BUYN
(bp)
ALTAR
Score™
(%)
ALTAR
vs BUYN
(%)
RFV Invesco S&P Midcap 400 Pure Value ETF 17.4 35 45 16.9 -6.8
XOP SPDR S&P Oil & Gas Exploration & Production ETF 15.3 35 45 6.0 -17.7
BUY USCF SummerHaven SHPEI Index Fund 14.9 80 0 17.6 -6.1
PXE Invesco Dynamic Energy Exploration & Production ETF 13.6 63 17 4.0 -19.7
PSCE Invesco S&P SmallCap Energy ETF 11.6 29 51 -7.8 -31.5
RWK Invesco S&P MidCap 400 Revenue ETF 10.8 39 41 12.0 -11.7
XME SPDR S&P Metals & Mining ETF 10.4 35 45 12.7 -11.1
AVUV Avantis U.S. Small Cap Value ETF 9.6 25 55 13.9 -9.8
FCG First Trust Natural Gas ETF 8.9 60 20 13.7 -10.1
IEO iShares U.S. Oil & Gas Exploration & Production ETF 8.6 42 38 6.6 -17.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.1 35 45 13.3 -10.5
FYT First Trust Small Cap Value AlphaDEX Fund 8.0 72 8 14.1 -9.7
VALX Validea Market Legends ETF 8.0 79 1 19.2 -4.5
AIRR First Trust RBA American Industrial Renaissance ETF 7.6 70 10 10.1 -13.7
PXI Invesco DWA Energy Momentum ETF 7.4 60 20 8.0 -15.8
EES WisdomTree SmallCap Earnings Fund 7.4 38 42 18.6 -5.1
XKST SPDR Kensho Smart Mobility ETF 7.2 45 35 5.5 -18.3
FXZ First Trust Materials AlphaDEX Fund 7.2 65 15 10.6 -13.1
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 7.0 35 45 12.8 -10.9
SYLD Cambria Shareholder Yield ETF 6.8 59 21 15.5 -8.2
PYZ Invesco DWA Basic Materials Momentum ETF 6.7 60 20 9.0 -14.8
SLX VanEck Vectors Steel ETF 6.7 56 24 22.8 -0.9
FNK First Trust Mid Cap Value AlphaDEX Fund 6.7 70 10 16.4 -7.3
FLAG FLAG-Forensic Accounting Long Short ETF 6.5 152 -72 12.1 -11.6
PXMV Invesco S&P MidCap Value with Momentum ETF 5.8 39 41 14.2 -9.6
FTXR First Trust Nasdaq Transportation ETF 5.8 60 20 15.5 -8.2
EZM WisdomTree U.S. MidCap Earnings Fund 5.7 38 42 14.2 -9.6
FTXN First Trust Nasdaq Oil & Gas ETF 5.6 60 20 7.3 -16.4
SQLV Legg Mason Small-Cap Quality Value 5.6 62 18 11.7 -12.0
FXN First Trust Energy AlphaDEX Fund 5.6 65 15 8.3 -15.5
FRAK VanEck Vectors Unconventional Oil & Gas ETF 5.4 54 26 4.2 -19.5
JKL iShares Morningstar Small Cap Value ETF 5.1 30 50 15.4 -8.3
PXJ Invesco Dynamic Oil & Gas Services ETF 5.1 63 17 -4.1 -27.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.8 60 20 13.1 -10.7
VUSE Vident Core US Equity Fund 4.6 48 32 11.3 -12.5
MDYV SPDR S&P 400 Mid Cap Value ETF 4.6 15 65 12.4 -11.3
IJJ iShares S&P Mid-Cap 400 Value ETF 4.6 25 55 12.3 -11.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 4.5 15 65 12.5 -11.2
CRAK VanEck Vectors Oil Refiners ETF 4.3 60 20 18.4 -5.4
PAVE Global X U.S. Infrastructure Development ETF 4.2 47 33 8.4 -15.4
FYX First Trust Small Cap Core AlphaDEX Fund 4.1 63 17 9.2 -14.6
AFMC First Trust Active Factor Mid Cap ETF 4.1 65 15 10.0 -13.8
PSCM Invesco S&P SmallCap Materials ETF 4.0 29 51 13.9 -9.8
VFVA Vanguard U.S. Value Factor ETF 4.0 13 67 16.9 -6.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 3.9 29 51 16.1 -7.7
PY Principal Shareholder Yield Index ETF 3.9 29 51 12.9 -10.9
FOVL iShares Focused Value Factor ETF 3.9 25 55 14.6 -9.2
ROGS Hartford Multifactor Global Small Cap ETF 3.8 34 46 12.0 -11.8
VRAI Virtus Real Asset Income ETF 3.8 55 25 15.7 -8.1
IFRA iShares U.S. Infrastructure ETF 3.8 40 40 7.9 -15.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 3.8 40 40 10.0 -13.7
IWN iShares Russell 2000 Value ETF 3.7 24 56 10.4 -13.4
VTWV Vanguard Russell 2000 Value Index Fund 3.6 15 65 10.5 -13.2
OIH VanEck Vectors Oil Services ETF 3.6 35 45 -8.7 -32.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.6 29 51 8.6 -15.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 3.5 64 16 13.6 -10.1
TPSC Timothy Plan US Small Cap Core ETF 3.4 52 28 11.2 -12.5
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 3.4 35 45 11.8 -12.0
DVP Deep Value ETF 3.3 59 21 22.7 -1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 3.3 71 9 13.7 -10.0
VAMO Cambria Value & Momentum ETF 3.3 64 16 9.7 -14.0
SLT Salt TruBeta High Exposure ETF 3.3 29 51 12.6 -11.1
CVY Invesco Zacks Multi-Asset Income ETF 3.3 97 -17 18.8 -4.9
COWZ Pacer US Cash Cows 100 ETF 3.3 49 31 14.0 -9.7
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.2 60 20 4.5 -19.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 3.1 39 41 9.9 -13.8
FNX First Trust Mid Cap Core AlphaDEX Fund 3.1 61 19 10.5 -13.2
DVLU First Trust Dorsey Wright Momentum & Value ETF 3.1 60 20 14.7 -9.0
DES WisdomTree U.S. SmallCap Dividend Fund 3.0 38 42 12.7 -11.0
MOTO SmartETFs Smart Transportation & Technology ETF 3.0 68 12 12.3 -11.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 3.0 35 45 -17.1 -40.8
VBR Vanguard Small Cap Value Index Fund 3.0 7 73 12.3 -11.4
RNSC Small Cap US Equity Select ETF 2.9 60 20 9.7 -14.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 2.9 40 40 9.2 -14.6
IEZ iShares U.S. Oil Equipment & Services ETF 2.9 42 38 -6.8 -30.6
EQAL Invesco Russell 1000 Equal Weight ETF 2.8 20 60 7.7 -16.1
RDVY First Trust Rising Dividend Achievers ETF 2.8 50 30 10.3 -13.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 2.8 38 42 13.6 -10.1
VDE Vanguard Energy Index Fund 2.8 10 70 6.1 -17.7
FDM First Trust Dow Jones Select Microcap Index Fund 2.8 60 20 11.9 -11.8
MDY SPDR S&P Midcap 400 ETF Trust 2.7 23 57 9.1 -14.6
SPMD SPDR Portfolio Mid Cap ETF 2.7 5 75 9.3 -14.4
IJH iShares Core S&P Mid-Cap ETF 2.7 6 74 9.3 -14.4
IVOO Vanguard S&P Mid-Cap 400 ETF 2.7 10 70 9.3 -14.5
ISMD Inspire Small/Mid Cap Impact ETF 2.7 61 19 9.8 -13.9
PLCY EventShares U.S. Legislative Opportunities ETF 2.7 75 5 5.5 -18.2
CSML IQ Chaikin U.S. Small Cap ETF 2.7 35 45 7.9 -15.8
PSC Principal U.S. Small Cap Index ETF 2.6 38 42 11.0 -12.7
ONEY SPDR Russell 1000 Yield Focus ETF 2.6 20 60 12.4 -11.3
SLYV SPDR S&P 600 Small Cap Value ETF 2.6 15 65 12.6 -11.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 2.6 39 41 15.4 -8.4
IJS iShares S&P Small-cap 600 Value ETF 2.6 25 55 12.4 -11.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 2.6 25 55 9.9 -13.9
PSCI Invesco S&P SmallCap Industrials ETF 2.5 29 51 10.2 -13.6
SMDY Syntax Stratified MidCap ETF 2.5 30 50 9.4 -14.4
QSY WisdomTree U.S. LargeCap Value Fund 2.5 38 42 9.9 -13.9
PEXL Pacer US Export Leaders ETF 2.5 60 20 9.2 -14.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.5 15 65 12.6 -11.2
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 2.5 35 45 11.8 -12.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 2.5 39 41 8.9 -14.8

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:
USCF SummerHaven SHPEN Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 0.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 23.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.