IQ Chaikin U.S. Large Cap ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
31.2x P/Sales
ratio
2.1x
P/BV
ratio
3.2x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The IQ Chaikin US Large Cap ETF tracks an equal-weighted index of large-cap US stocks. Holdings are selected based on a multi-factor model.

FUND BASICS
Category US Equities
Fund Sponsor IndexIQ
Website www.nylinvestments.com
Inception date Dec 12, 2017
Assets (mns) $278
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $128,255
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 3.8 %
SNAP, INC. CLASS A 2.7 %
PAYPAL HOLDINGS INC 1.5 %
CINTAS CORP 1.4 %
TARGET CORP 1.3 %
SYNCHRONY FINANCIAL 1.3 %
TWITTER INC 1.3 %
TRANSDIGM GROUP INC 1.3 %
SERVICENOW INC 1.3 %
AMPHENOL CORP-CL A 1.2 %
Total 17.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 3.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.0% -1.5% -- -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 1.15 94%
MSCI EAFE 1.21 87%
MSCI Emg. Mkts. 0.87 68%

Technical Indicators
Recent close $28.07
30d moving avg. $26.41
Annualized volatility 21.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.1%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $71,166

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the IQ Chaikin U.S. Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with CLRG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CLRG Expense: 25 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CLRG
Ticker Fund
Name
Overlap1
vs CLRG
(%)
Expense
ratio
(bp)
Savings
vs CLRG
(bp)
ALTAR
Score™
(%)
ALTAR
vs CLRG
(%)
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 38.0 49 -24 4.6 -0.6
FLQL Franklin LibertyQ U.S. Equity ETF 34.6 15 10 5.8 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 34.3 25 0 5.7 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 33.6 0 25 4.7 -0.4
MGC Vanguard Mega Cap Index Fund 33.4 7 18 4.8 -0.4
ESGV Vanguard ESG U.S. Stock ETF 33.3 12 13 4.7 -0.5
IWL iShares Russell Top 200 ETF 33.2 15 10 4.6 -0.6
FLLV Franklin Liberty U.S. Low Volatility ETF 32.6 29 -4 5.2 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.2 15 10 5.8 +0.6
SFY SoFi Select 500 ETF 31.5 0 25 4.7 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 31.4 7 18 4.8 -0.4
PBP Invesco S&P 500 BuyWrite ETF 31.2 49 -24 4.6 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 31.1 15 10 4.6 -0.6
HSPX Global X S&P 500 Covered Call ETF 31.1 60 -35 4.6 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.9 20 5 4.6 -0.6
IQSU IQ Candriam ESG US Equity ETF 30.9 9 16 4.7 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 30.9 2 23 4.8 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 30.8 60 -35 4.6 -0.6
VV Vanguard Large-Cap Index Fund 30.7 4 21 4.8 -0.4
PBUS Invesco PureBeta MSCI USA ETF 30.6 4 21 4.8 -0.4
SPY SPDR S&P 500 ETF Trust 30.5 9 16 4.9 -0.3
IVV iShares Core S&P 500 ETF 30.5 3 22 5.0 -0.2
SPLG SPDR Portfolio Large Cap ETF 30.5 3 22 5.0 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.4 20 5 4.9 -0.3
VOO VANGUARD S&P 500 ETF 30.2 3 22 5.0 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 30.1 27 -2 4.9 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.0 9 16 5.2 +0.0
SCHX Schwab U.S. Large-Cap ETF 29.9 3 22 4.8 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.8 60 -35 3.8 -1.4
DEF Invesco Defensive Equity ETF 29.8 55 -30 5.0 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 29.8 15 10 5.4 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 29.6 8 17 5.9 +0.7
DSI iShares MSCI KLD 400 Social ETF 29.5 25 0 4.7 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 29.4 27 -2 4.6 -0.6
SCHK Schwab 1000 Index ETF 29.4 5 20 4.8 -0.4
FDLO Fidelity Low Volatility Factor ETF 29.4 29 -4 4.9 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 29.3 15 10 5.3 +0.1
IWB iShares Russell 1000 ETF 29.3 15 10 4.7 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 29.1 25 0 6.1 +1.0
IYY iShares Dow Jones U.S. ETF 29.1 20 5 4.6 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.1 29 -4 5.2 0.0
ESG FlexShares STOXX US ESG Impact Index Fund 28.9 32 -7 4.7 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 28.9 29 -4 4.7 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.9 19 6 5.5 +0.3
RWL Invesco S&P 500 Revenue ETF 28.8 39 -14 6.5 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 28.7 3 22 5.1 -0.1
VEGN US Vegan Climate ETF 28.6 60 -35 4.7 -0.5
VTHR Vanguard Russell 3000 Index Fund 28.5 10 15 4.6 -0.6
NULC Nuveen ESG Large-Cap ETF 28.3 20 5 4.6 -0.6
VOOV Vanguard S&P 500 Value ETF 28.3 10 15 6.7 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.2 30 -5 6.0 +0.9
OEF iShares S&P 100 ETF 28.0 20 5 4.5 -0.7
SCHB Schwab U.S. Broad Market ETF 27.8 3 22 4.7 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.8 10 15 4.9 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 27.8 10 15 4.9 -0.3
IWV iShares Russell 3000 ETF 27.8 20 5 4.5 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.7 3 22 4.6 -0.6
ROUS Hartford Multifactor US Equity ETF 27.7 19 6 6.1 +0.9
JHML John Hancock Multifactor Large Cap ETF 27.6 29 -4 5.0 -0.2
IUS Invesco Strategic US ETF 27.5 19 6 5.7 +0.5
VTI Vanguard Total Stock Market Index Fund 27.2 3 22 4.6 -0.6
VONE Vanguard Russell 1000 ETF 27.1 8 17 4.7 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 27.1 25 0 6.0 +0.8
EFIV SPDR S&P 500 ESG ETF 27.1 10 15 4.7 -0.5
SNPE Xtrackers S&P 500 ESG ETF 27.1 10 15 4.7 -0.5
IVE iShares S&P 500 Value ETF 26.9 18 7 6.6 +1.4
SPYV SPDR Portfolio S&P 500 Value ETF 26.9 4 21 6.7 +1.6
SPXT ProShares S&P 500 Ex-Technology ETF 26.9 27 -2 5.1 -0.1
IWY iShares Russell Top 200 Growth ETF 26.8 20 5 3.7 -1.5
ECOZ TrueMark ESG Active Opportunities ETF 26.8 58 -33 3.2 -1.9
DFAU Dimensional US Core Equity Market ETF 26.8 12 13 4.9 -0.2
TMFC Motley Fool 100 Index ETF 26.7 50 -25 3.2 -2.0
JQUA JPMorgan U.S. Quality Factor ETF 26.7 12 13 5.1 -0.1
VOOG Vanguard S&P 500 Growth ETF 26.6 10 15 4.1 -1.1
PSET Principal Price Setters Index ETF 26.5 15 10 4.6 -0.6
XLG Invesco S&P 500 Top 50 ETF 26.4 20 5 4.2 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 26.3 28 -3 6.0 +0.8
FVAL Fidelity Value Factor ETF 26.3 29 -4 7.1 +2.0
IWX iShares Russell Top 200 Value ETF 26.2 20 5 6.2 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 26.1 27 -2 4.6 -0.6
EXT WisdomTree U.S. Total Earnings Fund 26.0 28 -3 5.2 -0.0
IVW iShares S&P 500 Growth ETF 25.9 18 7 4.0 -1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 25.9 4 21 4.1 -1.1
KRMA Global X Conscious Companies ETF 25.8 43 -18 4.8 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 25.8 75 -50 3.7 -1.4
JKD iShares Morningstar Large-Cap ETF 25.7 20 5 5.3 +0.2
IUSV iShares Core S&P U.S. Value ETF 25.7 4 21 6.8 +1.6
MGV Vanguard Mega Cap Value ETF 25.6 7 18 6.7 +1.5
SPQQ Siren Large Cap Blend Index ETF 25.6 20 5 4.4 -0.8
USXF iShares ESG Advanced MSCI USA ETF 25.5 10 15 4.6 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 25.5 12 13 4.1 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 25.4 39 -14 6.1 +0.9
RNLC Large Cap US Equity Select ETF 25.4 60 -35 5.5 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 25.4 29 -4 7.0 +1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 25.4 25 0 6.0 +0.8
IWF iShares Russell 1000 Growth ETF 25.4 19 6 3.6 -1.6
AFLG First Trust Active Factor Large Cap ETF 25.4 55 -30 4.9 -0.3
JVAL JPMorgan U.S. Value Factor ETF 25.3 12 13 7.5 +2.3
DGRO iShares Core Dividend Growth ETF 25.2 8 17 6.2 +1.0
MGK Vanguard Mega Cap Growth ETF 25.1 7 18 3.8 -1.4

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:
IQ Chaikin U.S. Large Cap 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 16.2 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.