VictoryShares Developed Enhanced Volatility Weighted Index ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.4x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Compass EMP Developed 500 Enhanced Volatility Weighted Index ETF is an exchange traded fund incorporated in the USA. The Fund seeks to provide investment results that match the performance of the CEMP International 500 Long/Cash Volatility Weighted Index before fees and expenses.

FUND BASICS
Category International Equities
Fund Sponsor Compass Efficient Model Portfo
Website www.compassempfunds.com
Inception date Sep 30, 2014
Assets (mns) $48
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 500
Wgt avg mkt cap (mns) $15,326
Large cap (>$10bn) 76.0%
Mid cap ($2-10bn) 24.0%
Small cap (<$2bn) 0.0%
Developed mkts 95.9%
Emerging mkts 4.1%

TOP TEN HOLDINGS
NATIONAL BANK OF CANADA 0.2 %
FORTIS INC 0.2 %
SOFTBANK CORP. 0.2 %
HYDRO ONE LTD. 0.2 %
BANK OF NOVA SCOTIA 0.2 %
ROYAL BANK OF CANADA 0.2 %
METRO INC -A 0.2 %
EMERA INC 0.2 %
LOBLAW COMPANIES LTD 0.2 %
SWISSCOM AG 0.2 %
Total 1.9 %

TOP COUNTRY EXPOSURE
JAPAN 11.3 %
CANADA 5.9 %
BRITAIN 4.9 %
FRANCE 4.4 %
SWITZERLAND 3.9 %
GERMANY 3.1 %
AUSTRALIA 2.8 %
SWEDEN 2.2 %
SOUTH KOREA 1.8 %
HONG KONG 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.0% -11.2% -4.3% -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.65 66%
MSCI EAFE 0.81 88%
MSCI Emg. Mkts. 0.60 75%

Technical Indicators
Recent close $26.85
30d moving avg. $25.77
Annualized volatility 13.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.9%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $47,208

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CIZ Expense: 45 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CIZ
Ticker Fund
Name
Overlap1
vs CIZ
(%)
Expense
ratio
(bp)
Savings
vs CIZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs CIZ
(%)
CIL VictoryShares International Volatility Weighted Index ETF 51.6 45 0 6.9 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 39.8 30 15 7.2 +0.2
SCHF Schwab International Equity ETF 36.7 6 39 7.6 +0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 35.7 20 25 7.8 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 35.6 4 41 7.4 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.0 25 20 7.0 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 34.7 5 40 7.5 +0.5
VEA Vanguard FTSE Developed Markets ETF 34.7 5 40 7.6 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 34.1 7 38 7.8 +0.8
EFA iShares MSCI EAFE ETF 33.8 32 13 7.4 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.7 35 10 7.2 +0.2
TPIF Timothy Plan International ETF 32.9 62 -17 7.2 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 32.8 32 13 7.7 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 32.8 20 25 7.5 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 32.5 40 5 7.6 +0.6
IEFA iShares Core MSCI EAFE ETF 32.3 7 38 7.5 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 32.1 45 0 9.2 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 31.6 8 37 8.0 +1.0
JHMD John Hancock Multifactor Developed International ETF 31.6 45 0 7.6 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 31.6 25 20 9.0 +2.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 31.3 24 21 7.4 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.5 39 6 6.9 -0.1
IXUS ishares Core MSCI Total International Stock ETF 30.5 9 36 7.8 +0.8
VXUS Vanguard Total International Stock Index Fund 30.2 8 37 7.9 +1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 30.0 30 15 6.9 -0.0
PDEV Principal International Multi-Factor Core Index ETF 29.9 25 20 8.1 +1.2
CWI SPDR MSCI ACWI ex-US ETF 29.1 30 15 7.9 +0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 28.9 45 0 7.4 +0.4
DWM WisdomTree International Equity Fund 28.3 48 -3 8.5 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 28.0 39 6 9.4 +2.4
VSGX Vanguard ESG International Stock ETF 27.7 17 28 7.6 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.5 35 10 8.8 +1.8
ESGD iShares MSCI EAFE ESG Optimized ETF 27.3 20 25 7.4 +0.4
AVDE Avantis International Equity ETF 27.1 23 22 8.2 +1.2
IQSI IQ Candriam ESG International Equity ETF 26.2 15 30 7.5 +0.6
IQIN IQ 500 International ETF 25.3 25 20 9.3 +2.3
RNDM Developed International Equity Select ETF 24.6 65 -20 6.5 -0.4
ISDX Invesco Strategic Developed ex-US ETF 24.5 23 22 7.7 +0.7
EFG iShares MSCI EAFE Growth ETF 24.4 40 5 4.8 -2.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.3 29 16 8.3 +1.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 23.3 30 15 7.1 +0.1
FLEE Franklin FTSE Europe ETF 23.1 9 36 7.2 +0.3
FLEH Franklin FTSE Europe Hedged ETF 23.1 9 36 7.3 +0.4
BBEU JPMorgan BetaBuilders Europe ETF 22.8 9 36 7.6 +0.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 22.8 16 29 7.3 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 22.7 45 0 6.9 -0.1
IEUR iShares Core MSCI Europe ETF 22.7 9 36 7.6 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.5 25 20 6.9 -0.1
JPGE JPMorgan Diversified Return Global Equity ETF 22.5 29 16 7.5 +0.5
FEU SPDR Portfolio Europe ETF 22.4 9 36 7.6 +0.6
VGK Vanguard FTSE Europe ETF 22.3 8 37 7.6 +0.6
SCID Global X Scientific Beta Europe ETF 21.7 38 7 7.2 +0.2
IEV iShares Europe ETF 21.4 59 -14 7.1 +0.1
QINT American Century Quality Diversified International ETF 21.3 39 6 6.1 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.2 14 31 7.2 +0.2
URTH iShares MSCI World ETF 20.4 24 21 5.9 -1.1
DOL WisdomTree International LargeCap Dividend Fund 20.3 48 -3 8.8 +1.8
JPEU JPMorgan Diversified Return Europe Equity ETF 19.5 37 8 7.0 +0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 19.4 48 -3 0.0 -7.0
QWLD SPDR MSCI World StrategicFactors ETF 19.0 30 15 6.2 -0.8
RBIN Nationwide Risk-Based International Equity ETF 18.8 42 3 6.5 -0.4
ACWI iShares MSCI ACWI ETF 18.8 32 13 6.2 -0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 18.8 20 25 6.5 -0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 18.7 30 15 6.4 -0.6
JPIN JPMorgan Diversified Return International Equity ETF 18.7 38 7 8.1 +1.1
VYMI Vanguard International High Dividend Yield ETF 18.6 32 13 10.6 +3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 18.4 20 25 6.5 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.2 29 16 8.9 +1.9
EFV iShares MSCI EAFE Value ETF 18.2 39 6 10.4 +3.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 18.2 42 3 5.7 -1.3
IDY Pacific Global International Equity Income ETF 17.9 39 6 8.3 +1.3
VPL Vanguard FTSE Pacific ETF 17.8 8 37 8.0 +1.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.8 20 25 6.0 -1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.5 30 15 5.0 -2.0
VT Vanguard Total World Stock Index Fund 17.3 8 37 6.4 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 16.8 9 36 6.3 -0.6
IPAC iShares Core MSCI Pacific ETF 16.2 9 36 7.6 +0.6
IGRO iShares International Dividend Growth ETF 15.8 22 23 8.3 +1.3
TOK iShares MSCI Kokusai ETF 15.7 25 20 5.8 -1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 15.7 35 10 8.8 +1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 15.5 83 -38 6.5 -0.5
FDEV Fidelity Targeted International Factor ETF 14.8 39 6 6.7 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.4 32 13 6.6 -0.4
IDLV Invesco S&P International Developed Low Volatility ETF 14.3 25 20 7.0 -0.0
DWMF WisdomTree International Multifactor Fund 13.7 38 7 6.9 -0.1
DIM WisdomTree International MidCap Dividend Fund 13.3 58 -13 7.9 +0.9
IDMO Invesco S&P International Developed Momentum ETF 13.2 25 20 4.7 -2.2
EUMV iShares Edge MSCI Min Vol Europe ETF 13.1 25 20 5.6 -1.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.8 45 0 7.0 +0.1
EURZ Xtrackers Eurozone Equity ETF 12.6 9 36 7.4 +0.4
IDHQ Invesco S&P International Developed High Quality ETF 12.5 29 16 5.5 -1.5
DTH WisdomTree DEFA Equity Income Fund 12.4 58 -13 9.9 +3.0
EZU iShares MSCI Eurozone ETF 12.3 49 -4 7.1 +0.1
DEW WisdomTree Global High Dividend Fund 11.9 58 -13 9.4 +2.4
IVLU iShares Edge MSCI Intl Value Factor ETF 11.5 30 15 11.6 +4.6
FDT First Trust Developed Markets ex-US Alphadex Fund 11.3 80 -35 7.9 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.2 45 0 7.5 +0.5
EWJ iShares MSCI Japan ETF 11.2 49 -4 7.4 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 11.1 30 15 7.6 +0.7

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 Developed Enhanced Volatility Weighted Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.59
 
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.