IQ Chaikin U.S. Large Cap
ALTAR
Score™
7.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
14.0x P/Sales
ratio
1.2x
P/BV
ratio
2.1x Div.
yield
2.1%


  • 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) $287
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) $94,186
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLIED MATERIALS INC 2.1 %
TRANSDIGM GROUP INC 2.1 %
MICROSOFT CORP 1.9 %
CVS CAREMARK CORP 1.9 %
MICRON TECHNOLOGY INC 1.8 %
MORGAN STANLEY 1.8 %
AMERIPRISE FINANCIAL INC 1.8 %
MCKESSON CORP 1.8 %
CIGNA CORP 1.7 %
MEDTRONIC PLC 1.7 %
Total 18.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 3.3 %
SWITZERLAND 1.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.5% 29.5% -- -- 5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.12 91%
MSCI EAFE 1.17 77%
MSCI Emg. Mkts. 0.80 59%

Technical Indicators
Recent close $27.50
30d moving avg. $26.98
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 106
Turnover 1.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $25,971

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the IQ Chaikin U.S. Large Cap 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™: 7.7%


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 Value 32.8 13 12 10.0 +2.3
RYF Invesco S&P Equal Weight Financials 30.9 40 -15 6.9 -0.8
PWV Invesco Dynamic Large Cap Value 27.7 55 -30 8.1 +0.3
RPV Invesco S&P 500 Pure Value ETF 26.1 35 -10 10.3 +2.6
PY Principal Shareholder Yield 25.5 29 -4 7.7 -0.1
FTA First Trust Large Cap Value 25.2 62 -37 8.1 +0.4
IEFN iShares Evolved U.S. Financials 25.0 18 7 7.1 -0.6
EQWL Invesco Fundamental Pure Large Core 24.6 25 0 6.0 -1.8
DIVB iShares U.S. Dividend & Buyback 24.3 25 0 6.4 -1.4
FVAL Fidelity Value Factor 24.2 29 -4 7.6 -0.1
ESGL Invesco ESG Revenue ETF 24.1 40 -15 7.5 -0.2
SPYB SPDR S&P 500 Buyback 24.0 35 -10 7.0 -0.7
JHMF John Hancock Multifactor Financials 23.8 40 -15 6.3 -1.4
VLUE iShares MSCI USA Value Factor 23.8 15 10 10.4 +2.7
MGV Vanguard Mega Cap 300 Value 23.6 7 18 6.8 -1.0
SPVM Invesco S&P 500 Value with Momentum 23.6 39 -14 7.9 +0.2
IWX iShares Russell Top 200 Value 23.6 20 5 6.6 -1.1
RDVY First Trust Nasdaq Rising Dividend Achievers 23.6 50 -25 6.8 -0.9
REVS Columbia Research Enhanced Value 23.3 19 6 7.2 -0.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 15.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.55
 
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.