IQ Chaikin U.S. Large Cap ETF
ALTAR
Score™
11.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
9.8x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
3.3%


  • 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 13, 2017
Assets (mns) $185
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 65
Wgt avg mkt cap (mns) $84,047
Large cap (>$10bn) 96.0%
Mid cap ($2-10bn) 4.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIOGEN IDEC INC 2.5 %
MICROSOFT CORP 2.5 %
MCKESSON CORP 2.2 %
APPLIED MATERIALS INC 2.2 %
CENTENE CORP 2.1 %
CIGNA CORP 2.1 %
CVS CAREMARK CORP 2.1 %
IDEXX LABORATORIES INC 2.0 %
FIDELITY NATIONAL INFORMATIO 2.0 %
DANAHER CORP 2.0 %
Total 21.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
IRELAND 3.6 %
SWITZERLAND 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.1% -16.5% -- -- -9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.18 94%
MSCI EAFE 1.18 86%
MSCI Emg. Mkts. 0.90 71%

Technical Indicators
Recent close $18.41
30d moving avg. $21.42
Annualized volatility 21.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.1%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $49,220

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™: 11.5%


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
(%)
SPVU Invesco S&P 500 Enhanced Value ETF 30.7 13 12 15.9 +4.4
SPYB SPDR S&P 500 Buyback ETF 27.6 35 -10 11.6 +0.1
RYF Invesco S&P 500 Equal Weight Financials ETF 27.3 40 -15 11.9 +0.4
RPV Invesco S&P 500 Pure Value ETF 26.7 35 -10 17.6 +6.1
PY Principal Shareholder Yield Index ETF 25.3 29 -4 12.6 +1.1
PWV Invesco Dynamic Large Cap Value ETF 25.1 55 -30 10.6 -0.9
FTA First Trust Large Cap Value AlphaDEX Fund 24.8 60 -35 12.1 +0.6
FVAL Fidelity Value Factor ETF 24.8 29 -4 11.0 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 24.4 25 0 8.8 -2.7
EQWL Invesco Russell Top 200 Equal Weight ETF 24.3 25 0 7.5 -4.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 24.0 40 -15 7.9 -3.6
IEFN iShares Evolved U.S. Financials ETF 23.6 18 7 12.1 +0.6
SYV SPDR MFS Systematic Value Equity ETF 23.4 60 -35 9.8 -1.7
VLUE iShares Edge MSCI USA Value Factor ETF 23.3 15 10 14.4 +2.9
MGV Vanguard Mega Cap Value ETF 23.1 7 18 8.8 -2.7
IWX iShares Russell Top 200 Value ETF 22.7 20 5 8.7 -2.8
RDVY First Trust Rising Dividend Achievers ETF 22.7 50 -25 10.1 -1.4
RWL Invesco S&P 500 Revenue ETF 22.5 39 -14 9.2 -2.3
JKF iShares Morningstar Large Cap Value ETF 22.0 25 0 9.5 -2.0
REVS Columbia Research Enhanced Value ETF 22.0 19 6 9.9 -1.7
EPS WisdomTree U.S. Earnings 500 Fund 21.9 8 17 8.5 -3.1
VLU SPDR S&P 1500 Value Tilt ETF 21.8 12 13 9.6 -1.9
USDY Pacific Global US Equity Income ETF 21.7 29 -4 10.5 -1.0
VTV Vanguard Value Index Fund 21.4 4 21 9.1 -2.4
RAFE PIMCO RAFI ESG U.S. ETF 21.1 29 -4 10.3 -1.2
JHMF John Hancock Multifactor Financials ETF 21.1 40 -15 10.7 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 21.1 29 -4 9.6 -1.9
JHMH John Hancock Multifactor Healthcare ETF 21.1 40 -15 7.2 -4.4
JVAL JPMorgan U.S. Value Factor ETF 21.1 12 13 11.9 +0.4
PKW Invesco Buyback Achievers ETF 21.1 62 -37 9.4 -2.1
ESGS Columbia Sustainable U.S. Equity Income ETF 20.6 35 -10 12.1 +0.6
VOOV Vanguard S&P 500 Value ETF 20.5 15 10 9.2 -2.4
SPYV SPDR Portfolio S&P 500 Value ETF 20.4 4 21 9.2 -2.3
IVE iShares S&P 500 Value ETF 20.4 18 7 9.1 -2.4
DLN WisdomTree U.S. LargeCap Dividend Fund 20.4 28 -3 8.0 -3.5
DGRO iShares Core Dividend Growth ETF 19.8 8 17 8.4 -3.2
VONV Vanguard Russell 1000 Value Index Fund 19.7 8 17 9.3 -2.3
XLV Health Care Select Sector SPDR Fund 19.6 13 12 8.1 -3.4
XLF Financial Select Sector SPDR Fund 19.6 13 12 10.8 -0.7
DSTL Distillate US Fundamental Stability & Value ETF 19.5 39 -14 7.7 -3.8
SCHV Schwab U.S. Large-Cap Value ETF 19.5 4 21 9.0 -2.6
IUSV iShares Core S&P U.S. Value ETF 19.4 4 21 9.4 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 19.3 39 -14 9.2 -2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.3 25 0 8.3 -3.2
LRGF iShares Edge MSCI Multifactor USA ETF 19.2 20 5 9.0 -2.5
IWD iShares Russell 1000 Value ETF 19.1 19 6 9.1 -2.4
QLC FlexShares US Quality Large Cap Index Fund 19.1 32 -7 7.4 -4.1
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 19.1 35 -10 11.3 -0.2
IYH iShares U.S. Healthcare ETF 18.9 43 -18 7.1 -4.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 18.9 18 7 6.9 -4.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.8 30 -5 8.1 -3.5
SYLD Cambria Shareholder Yield ETF 18.8 59 -34 15.3 +3.8
RECS Columbia Research Enhanced Core ETF 18.6 15 10 7.5 -4.1
IUS Invesco Strategic US ETF 18.3 19 6 7.9 -3.6
DTD WisdomTree U.S.Total Dividend Fund 18.3 28 -3 8.5 -3.0
VHT Vanguard Health Care Index Fund 18.3 10 15 6.5 -5.0
CATH Global X S&P 500 Catholic Values Custom ETF 18.2 29 -4 7.0 -4.5
QSY WisdomTree U.S. LargeCap Value Fund 18.1 38 -13 9.6 -1.9
SYE SPDR MFS Systematic Core Equity ETF 18.1 60 -35 8.2 -3.3
FHLC Fidelity MSCI Health Care Index ETF 18.0 8 17 6.6 -4.9
ACIO Aptus Collared Income Opportunity ETF 18.0 79 -54 6.6 -4.9
VFH Vanguard Financials Index Fund 18.0 10 15 11.7 +0.2
NULC Nuveen ESG Large-Cap ETF 18.0 20 5 6.9 -4.6
HSPX Global X S&P 500 Covered Call ETF 18.0 65 -40 6.2 -5.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.0 25 0 8.4 -3.1
MGC Vanguard Mega Cap Index Fund 17.8 7 18 6.8 -4.7
PBP Invesco S&P 500 BuyWrite ETF 17.8 49 -24 6.5 -5.0
FLAG FLAG-Forensic Accounting Long Short ETF 17.7 152 -127 11.1 -0.4
FNCL Fidelity MSCI Financials Index ETF 17.6 8 17 11.7 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 17.6 75 -50 6.2 -5.3
VALQ American Century STOXX U.S. Quality Value ETF 17.6 29 -4 11.5 0.0
ESG FlexShares STOXX US ESG Impact Index Fund 17.5 32 -7 6.8 -4.8
RYT Invesco S&P 500 Equal Weight Technology ETF 17.5 40 -15 8.2 -3.3
FCPI Fidelity Stocks for Inflation ETF 17.5 29 -4 9.2 -2.3
SLT Salt TruBeta High Exposure ETF 17.4 29 -4 12.3 +0.8
IWL iShares Russell Top 200 ETF 17.4 15 10 6.6 -4.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 17.2 52 -27 7.9 -3.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.0 20 5 7.1 -4.4
QUS SPDR MSCI USA StrategicFactors ETF 17.0 15 10 7.3 -4.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.0 12 13 6.3 -5.2
VFVA Vanguard U.S. Value Factor ETF 16.9 13 12 16.5 +5.0
FDVV Fidelity Core Dividend ETF 16.9 29 -4 9.7 -1.8
SPXE ProShares S&P 500 Ex-Energy ETF 16.9 27 -2 7.0 -4.6
VOO VANGUARD S&P 500 ETF 16.7 3 22 7.1 -4.4
SPY SPDR S&P 500 ETF Trust 16.7 9 16 7.1 -4.5
SPLG SPDR Portfolio Large Cap ETF 16.7 3 22 7.1 -4.4
IVV iShares Core S&P 500 ETF 16.7 4 21 7.1 -4.4
WLDR Affinity World Leaders Equity ETF 16.6 47 -22 12.2 +0.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.5 49 -24 7.6 -3.9
TTFS AdvisorShares Wilshire Buyback ETF 16.5 91 -66 8.1 -3.4
OEF iShares S&P 100 ETF 16.4 20 5 6.3 -5.2
KBWB Invesco KBW Bank ETF 16.4 35 -10 14.1 +2.5
VV Vanguard Large-Cap Index Fund 16.3 4 21 7.0 -4.6
VYM Vanguard High Dividend Yield Index ETF 16.2 6 19 8.9 -2.6
RNLC Large Cap US Equity Select ETF 16.2 60 -35 8.2 -3.3
RNDV US Equity Dividend Select ETF 16.1 50 -25 10.5 -1.0
KRMA Global X Conscious Companies ETF 16.1 43 -18 7.3 -4.2
SPYD SPDR S&P 500 High Dividend ETF 16.0 7 18 14.3 +2.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.0 2 23 7.1 -4.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.0 9 16 7.3 -4.2

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 11.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.