VictoryShares US 500 Volatility Weighted Index ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.8x P/Sales
ratio
1.8x
P/BV
ratio
2.6x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Compass EMP US 500 Volatility Weighted Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the returns of the CEMP US Large Cap 500 Volatility Weighted Index before fees and expenses.

FUND BASICS
Category US Equities
Fund Sponsor Compass Efficient Model Portfo
Website www.compassempfunds.com
Inception date Jul 01, 2014
Assets (mns) $663
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian US Bank NA
Weighting Volatility
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 498
Wgt avg mkt cap (mns) $59,393
Large cap (>$10bn) 76.0%
Mid cap ($2-10bn) 24.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 0.4 %
CLOROX COMPANY 0.4 %
AMAZON.COM INC 0.4 %
CITRIX SYSTEMS INC 0.4 %
VERIZON COMMUNICATIONS INC 0.3 %
GENERAL MILLS INC 0.3 %
WEST PHARMACEUTICAL SERVICES 0.3 %
WESTAR ENERGY INC 0.3 %
PEPSICO INC 0.3 %
EVERSOURCE ENERGY 0.3 %
Total 3.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 1.7 %
BERMUDA 1.0 %
SWITZERLAND 0.7 %
CHINA 0.2 %
BRITAIN 0.1 %





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.
-9.8% -2.2% 8.0% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.08 97%
MSCI EAFE 1.08 84%
MSCI Emg. Mkts. 0.76 66%

Technical Indicators
Recent close $50.80
30d moving avg. $51.01
Annualized volatility 18.7%
Short interest (ETF) 0.5%
Short interest (Underlying) 3.9%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 69
Turnover 0.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $243,812

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VictoryShares US 500 Volatility Weighted Index ETF ETF based on the alternatives' overlap in portfolio holdings with CFA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CFA Expense: 35 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CFA
Ticker Fund
Name
Overlap1
vs CFA
(%)
Expense
ratio
(bp)
Savings
vs CFA
(bp)
ALTAR
Score™
(%)
ALTAR
vs CFA
(%)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 67.2 9 26 5.9 -0.0
RSP Invesco S&P 500 Equal Weight ETF 66.9 20 15 6.8 +0.8
EUSA iShares MSCI USA Equal Weighted ETF 64.9 15 20 6.3 +0.4
SIZE iShares Edge MSCI USA Size Factor ETF 64.2 15 20 6.3 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 63.3 29 6 6.8 +0.9
TPLC Timothy Plan US Large Cap Core ETF 62.9 52 -17 5.5 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 59.5 17 18 6.4 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 56.7 20 15 6.5 +0.6
JHML John Hancock Multifactor Large Cap ETF 56.6 29 6 5.5 -0.4
SCIU Global X Scientific Beta US ETF 56.3 19 16 5.8 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 54.0 35 0 6.0 +0.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 54.0 35 0 5.4 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 52.9 18 17 6.3 +0.3
JHMM John Hancock Multifactor Mid Cap ETF 51.5 42 -7 5.8 -0.1
FEX First Trust Large Cap Core AlphaDEX Fund 50.8 60 -25 6.0 +0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 49.1 17 18 6.6 +0.6
RNLC Large Cap US Equity Select ETF 48.9 60 -25 6.4 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 48.4 20 15 5.7 -0.2
IWR iShares Russell Midcap ETF 48.3 19 16 5.6 -0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 48.0 4 31 5.8 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.9 9 26 5.5 -0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.9 30 5 6.5 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 46.5 20 15 7.1 +1.2
AVUS Avantis U.S. Equity ETF 46.4 15 20 5.7 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 44.2 15 20 5.8 -0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 44.1 30 5 5.0 -0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 42.9 29 6 8.3 +2.4
BFOR Barron's 400 ETF 42.7 65 -30 6.4 +0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 42.3 24 11 6.3 +0.3
SCHX Schwab U.S. Large-Cap ETF 42.2 3 32 5.2 -0.7
SCHK Schwab 1000 Index ETF 41.9 5 30 5.2 -0.7
PBUS Invesco PureBeta MSCI USA ETF 41.9 4 31 5.2 -0.7
IWB iShares Russell 1000 ETF 41.8 15 20 5.1 -0.8
PBP Invesco S&P 500 BuyWrite ETF 41.7 49 -14 5.0 -1.0
IYY iShares Dow Jones U.S. ETF 41.7 20 15 5.1 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 41.6 8 27 6.5 +0.5
VONE Vanguard Russell 1000 ETF 41.6 8 27 5.2 -0.7
HSPX Global X S&P 500 Covered Call ETF 41.5 65 -30 4.9 -1.1
IWD iShares Russell 1000 Value ETF 41.4 19 16 7.2 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 41.3 3 32 5.5 -0.5
SPY SPDR S&P 500 ETF Trust 41.2 9 26 5.3 -0.6
SPLG SPDR Portfolio Large Cap ETF 41.2 3 32 5.4 -0.6
IVV iShares Core S&P 500 ETF 41.2 4 31 5.4 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.1 2 33 5.3 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.1 20 15 5.3 -0.7
VV Vanguard Large-Cap Index Fund 40.9 4 31 5.2 -0.7
VOO VANGUARD S&P 500 ETF 40.9 3 32 5.4 -0.6
IWS iShares Russell Mid-Cap Value ETF 40.9 24 11 7.3 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 40.9 27 8 5.3 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 40.8 25 10 6.6 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.7 7 28 5.2 -0.8
ROUS Hartford Multifactor US Equity ETF 40.7 19 16 7.3 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 40.7 39 -4 6.9 +0.9
SCHB Schwab U.S. Broad Market ETF 40.7 3 32 5.2 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.6 3 32 5.1 -0.8
IWV iShares Russell 3000 ETF 40.5 20 15 5.0 -0.9
TUSA First Trust Total US Market AlphaDEX ETF 40.4 70 -35 6.0 +0.1
VTI Vanguard Total Stock Market Index Fund 40.4 3 32 5.1 -0.8
VTHR Vanguard Russell 3000 Index Fund 40.3 10 25 5.1 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.1 25 10 6.6 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 40.1 29 6 5.2 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 39.9 12 23 7.5 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 39.9 27 8 5.6 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 39.9 15 20 5.1 -0.9
SFY SoFi Select 500 ETF 38.9 0 35 5.2 -0.8
RWL Invesco S&P 500 Revenue ETF 38.7 39 -4 7.3 +1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.2 25 10 6.6 +0.7
IUS Invesco Strategic US ETF 38.0 19 16 6.7 +0.7
EXT WisdomTree U.S. Total Earnings Fund 38.0 28 7 5.2 -0.8
AFLG First Trust Active Factor Large Cap ETF 37.9 55 -20 5.5 -0.4
IUSV iShares Core S&P U.S. Value ETF 37.8 4 31 7.6 +1.6
VOOV Vanguard S&P 500 Value ETF 37.8 15 20 7.4 +1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.8 29 6 6.2 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 37.7 4 31 7.5 +1.5
IVE iShares S&P 500 Value ETF 37.7 18 17 7.3 +1.4
VO Vanguard Mid-Cap Index Fund 37.3 4 31 5.4 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 37.3 27 8 4.9 -1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 37.0 27 8 4.9 -1.0
ESGV Vanguard ESG U.S. Stock ETF 36.8 12 23 5.1 -0.8
VONV Vanguard Russell 1000 Value Index Fund 36.7 8 27 7.3 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 36.4 25 10 6.6 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.9 75 -40 3.7 -2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.4 20 15 4.9 -1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 35.3 12 23 5.9 -0.0
JQUA JPMorgan U.S. Quality Factor ETF 35.0 12 23 5.2 -0.7
ETHO Etho Climate Leadership U.S. ETF 34.8 47 -12 4.4 -1.6
JMOM JPMorgan U.S. Momentum Factor ETF 34.6 12 23 3.8 -2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.4 12 23 4.9 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 34.3 4 31 7.2 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 34.3 9 26 5.7 -0.3
TOK iShares MSCI Kokusai ETF 34.2 25 10 5.5 -0.4
DTD WisdomTree U.S.Total Dividend Fund 33.8 28 7 6.7 +0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 33.5 66 -31 2.5 -3.5
DGRO iShares Core Dividend Growth ETF 33.3 8 27 6.7 +0.7
MGC Vanguard Mega Cap Index Fund 33.2 7 28 5.2 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 33.0 15 20 6.3 +0.3
VTV Vanguard Value Index Fund 32.8 4 31 7.5 +1.6
IQSU IQ Candriam ESG US Equity ETF 32.8 9 26 5.0 -1.0
URTH iShares MSCI World ETF 32.8 24 11 5.6 -0.3
IUSG iShares Core S&P US Growth ETF 32.7 4 31 4.3 -1.7

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 500 Volatility Weighted Index 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 15.4 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.9 %
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.