VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares US EQ Income Enhanced Volatility Wtd ETF tracks an index of 100 high-yield stocks pulled from the largest 500 US stocks, with an earnings screen and volatility weighting. The fund can hold up to 75% cash in downturns.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.compassempfunds.com
Inception date Jul 01, 2014
Assets (mns) $562
Currency USD
Expense ratio 35 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $34,445
Large cap (>$10bn) 74.6%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 1.4 %
GENERAL MILLS INC 1.4 %
WATSCO INC 1.3 %
CAMPBELL SOUP CO 1.3 %
PUBLIC SERVICE ENTERPRISE GP 1.3 %
DUKE ENERGY CORP 1.2 %
AMERICAN ELECTRIC POWER 1.2 %
DTE ENERGY COMPANY 1.2 %
CONSOLIDATED EDISON INC 1.1 %
KIMBERLY-CLARK CORP 1.1 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.5 %
IRELAND 1.5 %
BRITAIN 0.6 %








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.
-3.8% 5.5% 9.0% -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.71 71%
MSCI EAFE 0.66 54%
MSCI Emg. Mkts. 0.45 39%

Technical Indicators
Recent close $46.24
30d moving avg. $47.25
Annualized volatility 14.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $38,513

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF ETF based on the alternatives' overlap in portfolio holdings with CDC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CDC Expense: 35 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CDC
Ticker Fund
Name
Overlap1
vs CDC
(%)
Expense
ratio
(bp)
Savings
vs CDC
(bp)
ALTAR
Score™
(%)
ALTAR
vs CDC
(%)
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 75.6 35 0 8.7 0.0
DVY iShares Select Dividend ETF 39.8 39 -4 9.8 +1.1
TPHD Timothy Plan High Dividend Stock ETF 37.9 52 -17 7.8 -0.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 35.7 38 -3 8.1 -0.6
JDIV JPMorgan U.S. Dividend ETF 33.6 12 23 8.0 -0.8
LVHD Legg Mason Low Volatility High Dividend ETF 30.5 27 8 9.0 +0.3
USDY Pacific Global US Equity Income ETF 30.4 29 6 7.3 -1.4
FTA First Trust Large Cap Value AlphaDEX Fund 30.2 60 -25 9.4 +0.7
DHS WisdomTree U.S. High Dividend Fund 29.3 38 -3 8.8 +0.0
VYM Vanguard High Dividend Yield Index ETF 28.6 6 29 7.4 -1.3
ONEY SPDR Russell 1000 Yield Focus ETF 28.3 20 15 9.5 +0.8
JKI iShares Morningstar Mid-Cap Value ETF 27.1 30 5 9.3 +0.6
RNDV US Equity Dividend Select ETF 26.3 50 -15 7.7 -1.0
JVAL JPMorgan U.S. Value Factor ETF 25.8 12 23 8.8 +0.1
ESGS Columbia Sustainable U.S. Equity Income ETF 25.2 35 0 8.6 -0.1
SPVM Invesco S&P 500 Value with Momentum ETF 25.2 39 -4 9.3 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 25.0 4 31 7.2 -1.5
VALQ American Century STOXX U.S. Quality Value ETF 24.7 29 6 9.2 +0.5
VTV Vanguard Value Index Fund 24.4 4 31 7.5 -1.2
SPYD SPDR S&P 500 High Dividend ETF 24.4 7 28 10.6 +1.8
FDL First Trust Morningstar Dividend Leaders Index Fund 24.0 45 -10 10.3 +1.6
SCHD Schwab U.S. Dividend Equity ETF 23.8 6 29 8.3 -0.4
MAGA Point Bridge GOP Stock Tracker ETF 23.6 72 -37 6.7 -2.1
DLN WisdomTree U.S. LargeCap Dividend Fund 23.3 28 7 6.4 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 23.3 29 6 7.0 -1.7
MGV Vanguard Mega Cap Value ETF 23.2 7 28 7.3 -1.4
DTD WisdomTree U.S.Total Dividend Fund 23.1 28 7 6.7 -2.1
SDOG ALPS Sector Dividend Dogs ETF 23.1 40 -5 10.5 +1.8
DEW WisdomTree Global High Dividend Fund 22.8 58 -23 9.4 +0.7
VOOV Vanguard S&P 500 Value ETF 22.6 15 20 7.4 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 22.5 4 31 7.5 -1.3
IVE iShares S&P 500 Value ETF 22.5 18 17 7.3 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 22.1 15 20 6.3 -2.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 22.1 30 5 9.9 +1.2
ROUS Hartford Multifactor US Equity ETF 22.0 19 16 7.3 -1.4
RAFE PIMCO RAFI ESG U.S. ETF 21.8 29 6 7.8 -0.9
IUSV iShares Core S&P U.S. Value ETF 21.7 4 31 7.6 -1.2
RPV Invesco S&P 500 Pure Value ETF 21.6 35 0 11.4 +2.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 21.2 25 10 6.6 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 21.1 25 10 6.6 -2.1
LSLT Salt Low truBeta US Market ETF 21.1 29 6 6.1 -2.7
PEY Invesco High Yield Equity Dividend Achievers ETF 20.8 53 -18 9.3 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 20.8 25 10 6.1 -2.6
PRF Invesco FTSE RAFI US 1000 ETF 20.6 39 -4 6.9 -1.9
REVS Columbia Research Enhanced Value ETF 20.5 19 16 7.8 -0.9
SPDV AAM S&P 500 High Dividend Value ETF 20.3 29 6 11.1 +2.4
VFVA Vanguard U.S. Value Factor ETF 20.2 14 21 11.7 +3.0
FAB First Trust Multi Cap Value AlphaDEX Fund 20.2 71 -36 9.8 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.1 25 10 6.6 -2.2
HDV iShares Core High Dividend ETF 20.0 8 27 6.8 -1.9
QDF FlexShares Quality Dividend Index Fund 20.0 37 -2 6.1 -2.6
VLU SPDR S&P 1500 Value Tilt ETF 19.9 12 23 7.5 -1.2
FVD First Trust Value Line Dividend Index Fund 19.7 70 -35 6.5 -2.3
FVAL Fidelity Value Factor ETF 19.7 29 6 8.0 -0.7
CLRG IQ Chaikin U.S. Large Cap ETF 19.6 25 10 6.0 -2.7
JKF iShares Morningstar Large Cap Value ETF 19.6 25 10 7.6 -1.1
DGRO iShares Core Dividend Growth ETF 19.5 8 27 6.7 -2.1
QDIV Global X S&P 500 Quality Dividend ETF 19.5 20 15 7.8 -1.0
FEX First Trust Large Cap Core AlphaDEX Fund 19.4 60 -25 6.0 -2.7
JMIN JPMorgan U.S. Minimum Volatility ETF 19.4 12 23 5.9 -2.8
RNLC Large Cap US Equity Select ETF 19.3 60 -25 6.4 -2.4
VOE Vanguard Mid-Cap Value Index Fund 19.3 7 28 8.1 -0.7
GBDV Global Beta Smart Income ETF 19.1 29 6 9.1 +0.4
PY Principal Shareholder Yield Index ETF 19.1 29 6 9.7 +0.9
SPVU Invesco S&P 500 Enhanced Value ETF 19.1 13 22 11.6 +2.9
SPLV Invesco S&P 500 Low Volatility ETF 18.8 25 10 5.7 -3.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 18.8 37 -2 6.2 -2.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 18.6 29 6 7.3 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 18.6 8 27 6.5 -2.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.5 35 0 5.9 -2.8
RWL Invesco S&P 500 Revenue ETF 18.5 39 -4 7.3 -1.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.3 18 17 6.3 -2.5
OUSA O'Shares FTSE US Quality Dividend ETF 18.3 48 -13 5.7 -3.1
VONV Vanguard Russell 1000 Value Index Fund 18.2 8 27 7.3 -1.4
FDVV Fidelity Core Dividend ETF 18.2 29 6 7.2 -1.6
IWD iShares Russell 1000 Value ETF 17.8 19 16 7.2 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.8 15 20 6.2 -2.6
PWV Invesco Dynamic Large Cap Value ETF 17.6 55 -20 8.9 +0.2
NULV Nuveen ESG Large-Cap Value ETF 17.4 35 0 7.4 -1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 17.4 75 -40 6.2 -2.6
RSP Invesco S&P 500 Equal Weight ETF 17.3 20 15 6.8 -1.9
VLUE iShares Edge MSCI USA Value Factor ETF 17.2 15 20 11.5 +2.7
IUS Invesco Strategic US ETF 17.2 19 16 6.7 -2.0
AFLG First Trust Active Factor Large Cap ETF 17.0 55 -20 5.5 -3.2
SCIU Global X Scientific Beta US ETF 16.8 19 16 5.8 -2.9
IWX iShares Russell Top 200 Value ETF 16.6 20 15 7.2 -1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 16.5 37 -2 5.9 -2.9
DON WisdomTree U.S. MidCap Dividend Fund 16.5 38 -3 7.8 -0.9
AUSF Global X Adaptive U.S. Factor ETF 16.5 27 8 7.9 -0.8
QSY WisdomTree U.S. LargeCap Value Fund 16.4 38 -3 6.9 -1.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 16.3 20 15 7.7 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.3 17 18 6.6 -2.2
RECS Columbia Research Enhanced Core ETF 16.2 15 20 5.6 -3.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.1 30 5 6.5 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 16.1 15 20 5.8 -2.9
KRMA Global X Conscious Companies ETF 16.0 43 -8 5.1 -3.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.9 29 6 8.3 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 15.9 29 6 6.2 -2.5
SPXT ProShares S&P 500 Ex-Technology ETF 15.7 27 8 5.6 -3.1

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

  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:
VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF
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 13.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.