VictoryShares US Large Cap High Dividend Volatility Wtd Idx ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.5x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares US Large Cap High Div Volatility Wtd ETF tracks the performance of the Compass EMP US Large Cap High Dividend 100 Volatility Weighted Index by investing in large dividend-paying US common stocks.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.compassempfunds.com
Inception date Jul 07, 2015
Assets (mns) $178
Currency USD
Expense ratio 35 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $44,291
Large cap (>$10bn) 76.6%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 2.0 %
GENERAL MILLS INC 1.5 %
MERCK & CO. INC. 1.5 %
COCA-COLA CO/THE 1.5 %
JM SMUCKER CO/THE 1.5 %
PFIZER INC 1.4 %
KELLOGG CO 1.4 %
ABBVIE INC 1.4 %
AT&T INC 1.3 %
3M CO 1.3 %
Total 14.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 2.2 %
BRITAIN 0.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.8% -6.5% 7.8% -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.99 88%
MSCI EAFE 1.05 83%
MSCI Emg. Mkts. 0.75 67%

Technical Indicators
Recent close $40.37
30d moving avg. $41.16
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $5,927

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VictoryShares US Large Cap High Dividend Volatility Wtd Idx ETF ETF based on the alternatives' overlap in portfolio holdings with CDL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CDL Expense: 35 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CDL
Ticker Fund
Name
Overlap1
vs CDL
(%)
Expense
ratio
(bp)
Savings
vs CDL
(bp)
ALTAR
Score™
(%)
ALTAR
vs CDL
(%)
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 76.0 35 0 8.7 +0.1
DVY iShares Select Dividend ETF 47.1 39 -4 9.7 +1.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 43.0 38 -3 8.0 -0.6
SPYD SPDR S&P 500 High Dividend ETF 41.1 7 28 11.4 +2.8
LVHD Legg Mason Low Volatility High Dividend ETF 40.1 27 8 8.3 -0.3
FTA First Trust Large Cap Value AlphaDEX Fund 38.0 60 -25 9.3 +0.7
TPHD Timothy Plan High Dividend Stock ETF 37.8 52 -17 7.6 -1.1
USDY Pacific Global US Equity Income ETF 37.7 29 6 7.2 -1.4
VYM Vanguard High Dividend Yield Index ETF 36.2 6 29 7.5 -1.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 35.2 30 5 9.6 +1.0
ESGS Columbia Sustainable U.S. Equity Income ETF 34.9 35 0 9.0 +0.4
DHS WisdomTree U.S. High Dividend Fund 33.0 38 -3 8.8 +0.2
RNDV US Equity Dividend Select ETF 33.0 50 -15 8.0 -0.6
SPDV AAM S&P 500 High Dividend Value ETF 33.0 29 6 10.1 +1.5
JKI iShares Morningstar Mid-Cap Value ETF 32.4 30 5 9.1 +0.5
SDOG ALPS Sector Dividend Dogs ETF 32.1 40 -5 10.3 +1.7
FDL First Trust Morningstar Dividend Leaders Index Fund 31.2 45 -10 10.4 +1.8
VTV Vanguard Value Index Fund 31.1 4 31 7.4 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 30.7 28 7 7.0 -1.7
MGV Vanguard Mega Cap Value ETF 30.6 7 28 7.2 -1.4
ONEY SPDR Russell 1000 Yield Focus ETF 30.2 20 15 9.1 +0.5
JDIV JPMorgan U.S. Dividend ETF 29.8 12 23 7.9 -0.7
NULV Nuveen ESG Large-Cap Value ETF 29.7 35 0 7.3 -1.3
GBDV Global Beta Smart Income ETF 29.6 29 6 8.5 -0.1
DTD WisdomTree U.S.Total Dividend Fund 29.6 28 7 7.1 -1.5
VOOV Vanguard S&P 500 Value ETF 29.3 10 25 7.3 -1.3
SCHD Schwab U.S. Dividend Equity ETF 29.3 6 29 8.0 -0.6
SPVM Invesco S&P 500 Value with Momentum ETF 29.1 39 -4 9.0 +0.4
IVE iShares S&P 500 Value ETF 29.1 18 17 7.2 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 29.0 4 31 7.4 -1.2
JKF iShares Morningstar Large Cap Value ETF 28.2 25 10 7.6 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 28.0 29 6 7.6 -1.0
IUSV iShares Core S&P U.S. Value ETF 27.9 4 31 7.5 -1.2
FDRR Fidelity Dividend ETF for Rising Rates 27.5 29 6 7.6 -1.1
MAGA Point Bridge GOP Stock Tracker ETF 27.5 72 -37 6.4 -2.2
HDV iShares Core High Dividend ETF 26.5 8 27 7.0 -1.7
DEW WisdomTree Global High Dividend Fund 26.3 58 -23 9.6 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 25.9 25 10 6.2 -2.5
DIVB iShares U.S. Dividend & Buyback ETF 25.8 25 10 7.1 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 25.8 4 31 7.1 -1.5
SPVU Invesco S&P 500 Enhanced Value ETF 25.7 13 22 11.9 +3.3
DGRO iShares Core Dividend Growth ETF 25.5 8 27 6.9 -1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.0 25 10 7.3 -1.3
JVAL JPMorgan U.S. Value Factor ETF 24.9 12 23 8.9 +0.3
LSLT Salt Low truBeta US Market ETF 24.8 29 6 6.0 -2.7
VFVA Vanguard U.S. Value Factor ETF 24.5 14 21 11.3 +2.7
AUSF Global X Adaptive U.S. Factor ETF 24.4 27 8 9.3 +0.7
PEY Invesco High Yield Equity Dividend Achievers ETF 24.3 52 -17 10.1 +1.5
PRF Invesco FTSE RAFI US 1000 ETF 24.1 39 -4 7.2 -1.4
FVD First Trust Value Line Dividend Index Fund 23.9 70 -35 6.3 -2.3
IWX iShares Russell Top 200 Value ETF 23.5 20 15 6.8 -1.8
REVS Columbia Research Enhanced Value ETF 23.5 19 16 7.5 -1.1
QDIV Global X S&P 500 Quality Dividend ETF 23.4 20 15 7.7 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 23.4 25 10 7.3 -1.3
SDY SPDR S&P Dividend ETF 23.3 35 0 7.2 -1.4
OUSA O'Shares FTSE US Quality Dividend ETF 23.2 48 -13 6.6 -2.1
IWD iShares Russell 1000 Value ETF 22.9 19 16 6.9 -1.7
RWL Invesco S&P 500 Revenue ETF 22.8 39 -4 7.4 -1.2
PWV Invesco Dynamic Large Cap Value ETF 22.7 56 -21 8.2 -0.4
VONV Vanguard Russell 1000 Value Index Fund 22.6 8 27 7.0 -1.6
RPV Invesco S&P 500 Pure Value ETF 22.6 35 0 11.1 +2.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 22.5 29 6 7.1 -1.5
VLU SPDR S&P 1500 Value Tilt ETF 22.1 12 23 7.6 -1.0
VALQ American Century STOXX U.S. Quality Value ETF 21.9 29 6 9.0 +0.4
CLRG IQ Chaikin U.S. Large Cap ETF 21.7 25 10 5.8 -2.8
FDVV Fidelity Core Dividend ETF 21.5 29 6 7.6 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 21.5 8 27 7.1 -1.5
VOE Vanguard Mid-Cap Value Index Fund 21.4 7 28 7.8 -0.8
FEX First Trust Large Cap Core AlphaDEX Fund 21.3 60 -25 6.0 -2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 21.3 71 -36 10.0 +1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 21.2 37 -2 6.9 -1.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 21.1 35 0 6.1 -2.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 21.1 75 -40 5.6 -3.0
PY Principal Shareholder Yield Index ETF 21.0 15 20 9.8 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 21.0 15 20 7.0 -1.6
ROUS Hartford Multifactor US Equity ETF 20.6 19 16 6.5 -2.1
QUS SPDR MSCI USA StrategicFactors ETF 20.5 15 20 6.2 -2.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 20.3 37 -2 7.0 -1.7
JHMF John Hancock Multifactor Financials ETF 19.8 40 -5 7.8 -0.8
RNLC Large Cap US Equity Select ETF 19.7 60 -25 6.3 -2.3
VLUE iShares Edge MSCI USA Value Factor ETF 19.7 15 20 11.5 +2.9
RYF Invesco S&P 500 Equal Weight Financials ETF 19.6 40 -5 9.8 +1.2
JMIN JPMorgan U.S. Minimum Volatility ETF 19.6 12 23 5.5 -3.1
SCIU Global X Scientific Beta US ETF 19.6 19 16 6.0 -2.7
ESG FlexShares STOXX US ESG Impact Index Fund 19.0 32 3 5.6 -3.0
IEFN iShares Evolved U.S. Financials ETF 18.9 18 17 9.4 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 18.8 27 8 5.5 -3.1
FLLV Franklin Liberty U.S. Low Volatility ETF 18.7 29 6 5.9 -2.8
IUS Invesco Strategic US ETF 18.6 19 16 7.0 -1.6
FXO First Trust Financials AlphaDEX Fund 18.5 63 -28 13.1 +4.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 18.5 35 0 5.8 -2.8
RSP Invesco S&P 500 Equal Weight ETF 18.4 20 15 6.6 -2.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 18.2 9 26 6.0 -2.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.2 35 0 5.8 -2.8
ALTL Pacer Lunt Large Cap Alternator ETF 18.2 60 -25 5.1 -3.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.1 17 18 6.5 -2.1
LVUS Hartford Multifactor Low Volatility US Equity ETF 18.1 19 16 0.0 -8.6
SPLV Invesco S&P 500 Low Volatility ETF 18.1 25 10 5.4 -3.2
NULC Nuveen ESG Large-Cap ETF 18.1 20 15 5.0 -3.6

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 Large Cap High Dividend Volatility Wtd Idx 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 1.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.