Brand Value ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
41.1x P/Sales
ratio
1.4x
P/BV
ratio
3.1x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Brand Value ETF is an exchange-traded fund incorporated in the USA. The fund is designed to identify undervalued publicly-traded US companies based on the value of their brand.

FUND BASICS
Category US Equities
Fund Sponsor Exponential
Website
Inception date Jun 12, 2017
Assets (mns) $16
Currency USD
Expense ratio 65 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $292,392
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 8.5%
Small cap (<$2bn) 3.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.6 %
AMAZON.COM INC 3.2 %
MICROSOFT CORP 3.1 %
CLOROX COMPANY 2.8 %
EBAY INC 2.7 %
BRISTOL-MYERS SQUIBB CO 2.6 %
INTEL CORP 2.6 %
FACEBOOK 2.5 %
ALPHABET INC. CLASS C 2.5 %
MORGAN STANLEY 2.4 %
Total 27.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
-13.1% -4.2% -- -- 2.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 90%
MSCI EAFE 1.01 77%
MSCI Emg. Mkts. 0.71 59%

Technical Indicators
Recent close $15.59
30d moving avg. $15.71
Annualized volatility 18.2%
Short interest (ETF) 1.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 33
Turnover 3.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $81,497

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BVAL Expense: 65 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BVAL
Ticker Fund
Name
Overlap1
vs BVAL
(%)
Expense
ratio
(bp)
Savings
vs BVAL
(bp)
ALTAR
Score™
(%)
ALTAR
vs BVAL
(%)
XLG Invesco S&P 500 Top 50 ETF 41.6 20 45 4.5 -1.6
OEF iShares S&P 100 ETF 39.5 20 45 4.8 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.2 12 53 4.9 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 37.4 32 33 5.1 -1.1
NACP Impact Shares NAACP Minority Empowerment ETF 37.3 75 -10 4.6 -1.6
ACIO Aptus Collared Income Opportunity ETF 35.0 79 -14 4.4 -1.8
IWL iShares Russell Top 200 ETF 35.0 15 50 5.1 -1.1
SNPE Xtrackers S&P 500 ESG ETF 34.3 11 54 5.2 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 34.0 0 65 5.3 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.8 20 45 5.0 -1.2
EDOW First Trust Dow 30 Equal Weight ETF 33.8 50 15 6.0 -0.1
MGC Vanguard Mega Cap Index Fund 33.8 7 58 5.3 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 33.3 15 50 6.3 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 32.7 28 37 6.4 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 32.5 29 36 7.9 +1.7
EPS WisdomTree U.S. Earnings 500 Fund 32.5 8 57 6.5 +0.4
FVAL Fidelity Value Factor ETF 32.3 29 36 8.1 +1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 31.7 27 38 5.1 -1.1
PBP Invesco S&P 500 BuyWrite ETF 31.5 49 16 5.0 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 31.3 27 38 5.0 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 31.2 25 40 6.7 +0.5
SPY SPDR S&P 500 ETF Trust 31.2 9 56 5.4 -0.8
VOO VANGUARD S&P 500 ETF 31.2 3 62 5.5 -0.7
IVV iShares Core S&P 500 ETF 31.2 4 61 5.5 -0.7
SPLG SPDR Portfolio Large Cap ETF 31.2 3 62 5.5 -0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 31.1 75 -10 4.6 -1.6
ACSI American Customer Satisfaction Core Alpha ETF 31.1 66 -1 5.8 -0.4
HSPX Global X S&P 500 Covered Call ETF 31.0 65 0 4.9 -1.3
IOO iShares Global 100 ETF 30.9 40 25 4.7 -1.4
DTD WisdomTree U.S.Total Dividend Fund 30.9 28 37 6.7 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 30.8 15 50 5.2 -1.0
RECS Columbia Research Enhanced Core ETF 30.7 15 50 5.7 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 30.6 7 58 5.3 -0.9
DIA SPDR Dow Jones Industrial Average ETF Trust 30.5 16 49 5.7 -0.5
VV Vanguard Large-Cap Index Fund 30.5 4 61 5.3 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 30.4 15 50 5.9 -0.3
MGV Vanguard Mega Cap Value ETF 30.3 7 58 7.3 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 30.3 27 38 5.4 -0.8
QLC FlexShares US Quality Large Cap Index Fund 30.3 32 33 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.3 20 45 5.4 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 30.2 2 63 5.4 -0.8
IQSU IQ Candriam ESG US Equity ETF 29.9 9 56 5.1 -1.1
PBUS Invesco PureBeta MSCI USA ETF 29.9 4 61 5.3 -0.8
QUAL iShares MSCI Usa Quality Factor ETF 29.6 15 50 5.4 -0.7
SCHX Schwab U.S. Large-Cap ETF 29.5 3 62 5.3 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 29.5 3 62 5.6 -0.6
DGRO iShares Core Dividend Growth ETF 29.4 8 57 6.7 +0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 29.3 52 13 5.1 -1.1
IWB iShares Russell 1000 ETF 29.2 15 50 5.2 -0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 29.2 25 40 6.2 -0.0
VONE Vanguard Russell 1000 ETF 29.1 8 57 5.3 -0.9
SCHK Schwab 1000 Index ETF 28.9 5 60 5.3 -0.9
FDRR Fidelity Dividend ETF for Rising Rates 28.7 29 36 7.0 +0.9
IYY iShares Dow Jones U.S. ETF 28.7 20 45 5.2 -1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.6 19 46 5.7 -0.5
VTV Vanguard Value Index Fund 28.6 4 61 7.5 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.5 25 40 6.6 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 28.4 39 26 6.9 +0.7
ESGV Vanguard ESG U.S. Stock ETF 28.2 12 53 5.2 -1.0
IWV iShares Russell 3000 ETF 28.0 20 45 5.1 -1.1
VTHR Vanguard Russell 3000 Index Fund 28.0 10 55 5.2 -1.0
VYM Vanguard High Dividend Yield Index ETF 28.0 6 59 7.4 +1.3
FQAL Fidelity Quality Factor ETF 27.9 29 36 5.5 -0.7
SCHB Schwab U.S. Broad Market ETF 27.9 3 62 5.3 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.8 3 62 5.2 -1.0
IWX iShares Russell Top 200 Value ETF 27.8 20 45 7.2 +1.1
VTI Vanguard Total Stock Market Index Fund 27.8 3 62 5.2 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 27.7 12 53 5.3 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.7 29 36 6.3 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 27.5 29 36 5.3 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 27.5 4 61 7.2 +1.1
TMFC Motley Fool 100 Index ETF 27.5 50 15 3.8 -2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 27.4 49 16 4.1 -2.1
QLV FlexShares US Quality Low Volatility Index Fund 27.4 22 43 4.9 -1.3
ADME Aptus Drawdown Managed Equity ETF 27.4 81 -16 3.6 -2.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.2 10 55 5.3 -0.9
OUSA O'Shares FTSE US Quality Dividend ETF 27.2 48 17 5.7 -0.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 27.2 70 -5 4.8 -1.4
SUSL iShares ESG MSCI USA Leaders ETF 27.1 10 55 5.3 -0.8
VOOG Vanguard S&P 500 Growth ETF 27.1 10 55 4.3 -1.9
SPYG SPDR Portfolio S&P 500 Growth ETF 26.9 4 61 4.4 -1.8
IVW iShares S&P 500 Growth ETF 26.9 18 47 4.2 -2.0
SPXT ProShares S&P 500 Ex-Technology ETF 26.8 27 38 5.7 -0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 26.8 42 23 5.5 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.8 9 56 5.6 -0.6
SPMV Invesco S&P 500 Minimum Variance ETF 26.8 10 55 5.9 -0.3
SFY SoFi Select 500 ETF 26.7 0 65 5.3 -0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 26.7 37 28 5.9 -0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.6 25 40 6.6 +0.4
IUS Invesco Strategic US ETF 26.6 19 46 6.7 +0.5
JKF iShares Morningstar Large Cap Value ETF 26.6 25 40 7.6 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.5 12 53 5.0 -1.2
YLDE ClearBridge Dividend Strategy ESG ETF 26.4 60 5 5.0 -1.2
IUSG iShares Core S&P US Growth ETF 26.3 4 61 4.4 -1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.3 60 5 4.4 -1.7
QDF FlexShares Quality Dividend Index Fund 26.2 37 28 6.2 +0.0
EXT WisdomTree U.S. Total Earnings Fund 26.2 28 37 5.3 -0.9
DSI iShares MSCI KLD 400 Social ETF 26.2 25 40 5.2 -1.0
AVUS Avantis U.S. Equity ETF 26.1 15 50 5.8 -0.4
KRMA Global X Conscious Companies ETF 26.1 43 22 5.3 -0.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
Brand Value 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 19.5 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.