IQ Chaikin U.S. Large Cap ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.5x P/Sales
ratio
1.7x
P/BV
ratio
2.7x Div.
yield
2.0%


  • 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) $234
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) $119,535
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 2.4 %
SNAP, INC. CLASS A 1.6 %
PAYPAL HOLDINGS INC 1.5 %
SPLUNK INC 1.3 %
CINTAS CORP 1.3 %
SYNOPSYS INC 1.2 %
CADENCE DESIGN SYS INC 1.2 %
PALO ALTO NETWORKS INC 1.2 %
SERVICENOW INC 1.2 %
FACEBOOK 1.2 %
Total 14.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 3.0 %









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.
-13.3% -3.6% -- -- -1.5%

Market Correlations
versus... Beta R-squared
S&P500 1.18 95%
MSCI EAFE 1.21 86%
MSCI Emg. Mkts. 0.89 71%

Technical Indicators
Recent close $23.65
30d moving avg. $23.51
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.1%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $98,291

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™: 6.0%


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 40.8 49 -24 5.1 -0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 37.1 25 0 6.0 +0.0
DEF Invesco Defensive Equity ETF 36.1 55 -30 5.0 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 34.2 0 25 5.1 -0.9
FLLV Franklin Liberty U.S. Low Volatility ETF 34.1 29 -4 5.8 -0.2
FLQL Franklin LibertyQ U.S. Equity ETF 34.0 15 10 6.2 +0.2
MGC Vanguard Mega Cap Index Fund 33.9 7 18 5.2 -0.9
IWL iShares Russell Top 200 ETF 33.8 15 10 5.0 -1.1
PBP Invesco S&P 500 BuyWrite ETF 32.2 49 -24 5.0 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.2 7 18 5.1 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32.1 20 5 4.9 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 31.9 15 10 5.0 -1.0
HSPX Global X S&P 500 Covered Call ETF 31.9 65 -40 4.8 -1.2
VV Vanguard Large-Cap Index Fund 31.9 4 21 5.2 -0.8
SPY SPDR S&P 500 ETF Trust 31.7 9 16 5.3 -0.7
IVV iShares Core S&P 500 ETF 31.7 4 21 5.3 -0.7
SFY SoFi Select 500 ETF 31.7 0 25 5.2 -0.9
SPLG SPDR Portfolio Large Cap ETF 31.7 3 22 5.3 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.7 2 23 5.2 -0.8
VOO VANGUARD S&P 500 ETF 31.7 3 22 5.4 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.5 20 5 5.3 -0.7
IQSU IQ Candriam ESG US Equity ETF 31.4 9 16 5.0 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 31.4 27 -2 5.2 -0.8
PBUS Invesco PureBeta MSCI USA ETF 31.3 4 21 5.2 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 31.0 15 10 5.8 -0.2
SCHX Schwab U.S. Large-Cap ETF 31.0 3 22 5.2 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 30.9 8 17 6.4 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 30.6 27 -2 4.9 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.6 9 16 5.5 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 30.5 32 -7 5.0 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 30.5 29 -4 5.1 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 30.4 25 0 6.5 +0.5
DSI iShares MSCI KLD 400 Social ETF 30.2 25 0 5.1 -1.0
VONE Vanguard Russell 1000 ETF 30.2 8 17 5.2 -0.8
SCHK Schwab 1000 Index ETF 30.1 5 20 5.2 -0.8
IYY iShares Dow Jones U.S. ETF 30.0 20 5 5.1 -0.9
IWB iShares Russell 1000 ETF 30.0 15 10 5.1 -0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 29.9 30 -5 6.5 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 29.9 3 22 5.5 -0.6
USMV iShares Edge MSCI Min Vol USA ETF 29.8 15 10 5.5 -0.6
ESGV Vanguard ESG U.S. Stock ETF 29.8 12 13 5.1 -0.9
RWL Invesco S&P 500 Revenue ETF 29.7 39 -14 7.2 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.4 15 10 6.1 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 29.4 12 13 5.2 -0.8
OEF iShares S&P 100 ETF 29.4 20 5 4.7 -1.3
RECS Columbia Research Enhanced Core ETF 29.3 15 10 5.6 -0.4
SNPE Xtrackers S&P 500 ESG ETF 29.3 11 14 5.0 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.3 12 13 4.8 -1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.2 60 -35 4.3 -1.7
IUS Invesco Strategic US ETF 29.1 19 6 6.6 +0.6
FDLO Fidelity Low Volatility Factor ETF 29.0 29 -4 5.1 -0.9
SCHB Schwab U.S. Broad Market ETF 29.0 3 22 5.2 -0.8
JHML John Hancock Multifactor Large Cap ETF 28.9 29 -4 5.5 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.9 25 0 6.5 +0.5
FQAL Fidelity Quality Factor ETF 28.9 29 -4 5.4 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.9 3 22 5.1 -0.9
VTHR Vanguard Russell 3000 Index Fund 28.8 10 15 5.1 -0.9
VEGN US Vegan Climate ETF 28.8 60 -35 5.1 -0.9
VTI Vanguard Total Stock Market Index Fund 28.8 3 22 5.1 -0.9
QLC FlexShares US Quality Large Cap Index Fund 28.7 32 -7 5.3 -0.7
IWV iShares Russell 3000 ETF 28.7 20 5 5.0 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.4 29 -4 6.2 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.3 10 15 5.2 -0.8
NULC Nuveen ESG Large-Cap ETF 28.3 20 5 4.9 -1.1
SUSL iShares ESG MSCI USA Leaders ETF 28.3 10 15 5.2 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 28.2 4 21 7.4 +1.3
VOOV Vanguard S&P 500 Value ETF 28.2 15 10 7.3 +1.3
IVE iShares S&P 500 Value ETF 28.2 18 7 7.2 +1.2
EXT WisdomTree U.S. Total Earnings Fund 28.0 28 -3 5.2 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 27.8 27 -2 5.6 -0.4
XLG Invesco S&P 500 Top 50 ETF 27.8 20 5 4.4 -1.6
ROUS Hartford Multifactor US Equity ETF 27.8 19 6 7.3 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 27.7 28 -3 6.3 +0.3
PSET Principal Price Setters Index ETF 27.6 29 -4 4.6 -1.4
ECOZ TrueMark ESG Active Opportunities ETF 27.4 58 -33 4.2 -1.8
AFLG First Trust Active Factor Large Cap ETF 27.4 55 -30 5.5 -0.5
TMFC Motley Fool 100 Index ETF 27.4 50 -25 3.6 -2.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.3 25 0 6.5 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.3 19 6 5.6 -0.5
IWX iShares Russell Top 200 Value ETF 27.3 20 5 7.1 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 27.2 27 -2 4.9 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 27.1 29 -4 7.7 +1.7
PRF Invesco FTSE RAFI US 1000 ETF 27.0 39 -14 6.8 +0.7
IUSV iShares Core S&P U.S. Value ETF 27.0 4 21 7.4 +1.4
VOOG Vanguard S&P 500 Growth ETF 26.7 10 15 4.2 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 26.7 4 21 4.3 -1.8
IVW iShares S&P 500 Growth ETF 26.6 18 7 4.1 -1.9
IWY iShares Russell Top 200 Growth ETF 26.6 20 5 4.0 -2.0
VLU SPDR S&P 1500 Value Tilt ETF 26.5 12 13 7.4 +1.4
FVAL Fidelity Value Factor ETF 26.5 29 -4 7.9 +1.9
VONG Vanguard Russell 1000 Growth Index Fund 26.3 8 17 4.2 -1.8
USDY Pacific Global US Equity Income ETF 26.3 29 -4 7.2 +1.2
MGV Vanguard Mega Cap Value ETF 26.2 7 18 7.2 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 26.1 12 13 3.8 -2.2
WOMN Impact Shares YWCA Women's Empowerment ETF 26.1 75 -50 4.4 -1.6
NACP Impact Shares NAACP Minority Empowerment ETF 25.9 75 -50 4.5 -1.6
SCHG Schwab U.S. Large-Cap Growth ETF 25.8 4 21 4.0 -2.0
DTD WisdomTree U.S.Total Dividend Fund 25.8 28 -3 6.6 +0.6
IUSG iShares Core S&P US Growth ETF 25.7 4 21 4.3 -1.7
DGRO iShares Core Dividend Growth ETF 25.7 8 17 6.6 +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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 2.6 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.