VictoryShares US Small Cap High Dividend Volatility Wtd Idx ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.6x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares US Small Cap High Div Volatility Wtd Index ETF tracks the performance of the Compass EMP US Small Cap High Dividend 100 Volatility Weighted Index by investing in small-cap dividend-paying US common stocks.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.compassempfunds.com
Inception date Jul 07, 2015
Assets (mns) $81
Currency USD
Expense ratio 35 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $1,507
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 70.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SENSIENT TECHNOLOGIES CORP 1.7 %
UNIVERSAL CORP/VA 1.5 %
WEIS MARKETS INC 1.5 %
SYSTEMAX INC 1.5 %
NORTHWEST BANCSHARES INC 1.4 %
KONTOOR BRANDS, INC. 1.4 %
WR GRACE & CO 1.4 %
SAFETY INSURANCE GROUP INC 1.3 %
NATIONAL PRESTO INDS INC 1.3 %
VECTOR GROUP LTD 1.3 %
Total 14.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
BERMUDA 1.3 %
LUXEMBOURG 0.9 %








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.
-14.0% -9.5% 6.6% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.05 78%
MSCI EAFE 1.11 73%
MSCI Emg. Mkts. 0.83 62%

Technical Indicators
Recent close $46.31
30d moving avg. $41.74
Annualized volatility 21.2%
Short interest (ETF) 0.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.5%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $1,338

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VictoryShares US Small Cap High Dividend Volatility Wtd Idx ETF ETF based on the alternatives' overlap in portfolio holdings with CSB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CSB Expense: 35 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CSB
Ticker Fund
Name
Overlap1
vs CSB
(%)
Expense
ratio
(bp)
Savings
vs CSB
(bp)
ALTAR
Score™
(%)
ALTAR
vs CSB
(%)
DES WisdomTree U.S. SmallCap Dividend Fund 21.7 38 -3 7.6 -1.1
FYT First Trust Small Cap Value AlphaDEX Fund 21.5 72 -37 9.4 +0.8
SMDV ProShares Russell 2000 Dividend Growers ETF 21.0 41 -6 5.9 -2.7
TPSC Timothy Plan US Small Cap Core ETF 19.4 52 -17 6.6 -2.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 19.4 35 0 6.9 -1.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 19.0 38 -3 7.7 -1.0
RNSC Small Cap US Equity Select ETF 17.3 60 -25 6.9 -1.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 15.8 35 0 7.1 -1.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 15.6 30 5 8.0 -0.7
WBIY WBI Power Factor High Dividend ETF 14.3 70 -35 9.2 +0.6
ROGS Hartford Multifactor Global Small Cap ETF 14.2 34 1 7.4 -1.3
DEEP Roundhill Acquirers Deep Value ETF 13.2 80 -45 8.5 -0.2
FYX First Trust Small Cap Core AlphaDEX Fund 13.2 63 -28 6.5 -2.1
PSC Principal U.S. Small Cap Index ETF 12.5 38 -3 5.4 -3.2
IFRA iShares U.S. Infrastructure ETF 12.4 40 -5 5.0 -3.6
ISMD Inspire Small/Mid Cap Impact ETF 11.7 60 -25 4.3 -4.3
KBWR Invesco KBW Regional Banking ETF 11.2 35 0 9.0 +0.4
AVUV Avantis U.S. Small Cap Value ETF 11.1 25 10 7.0 -1.6
AFSM First Trust Active Factor Small Cap ETF 10.9 75 -40 5.2 -3.5
SQLV Legg Mason Small-Cap Quality Value 10.5 62 -27 5.6 -3.0
EES WisdomTree SmallCap Earnings Fund 9.8 38 -3 9.0 +0.4
CSML IQ Chaikin U.S. Small Cap ETF 9.7 35 0 3.5 -5.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.7 60 -25 6.7 -1.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.6 35 0 5.4 -3.2
IWN iShares Russell 2000 Value ETF 9.1 24 11 5.8 -2.8
QABA First Trust NASDAQ ABA Community Bank Index Fund 8.8 60 -25 8.6 0.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 8.7 12 23 6.7 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 8.6 29 6 4.5 -4.1
PXMV Invesco S&P MidCap Value with Momentum ETF 8.5 39 -4 8.4 -0.2
JKL iShares Morningstar Small Cap Value ETF 8.5 30 5 8.5 -0.2
XSLV Invesco S&P SmallCap Low Volatility ETF 8.5 25 10 5.1 -3.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 8.4 15 20 7.6 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 8.4 25 10 6.3 -2.3
IJS iShares S&P Small-cap 600 Value ETF 8.1 25 10 7.7 -0.9
SLYV SPDR S&P 600 Small Cap Value ETF 8.1 15 20 7.8 -0.8
BUY USCF SummerHaven SHPEI Index Fund 7.9 80 -45 8.9 +0.3
RFV Invesco S&P Midcap 400 Pure Value ETF 7.8 35 0 8.0 -0.6
SYLD Cambria Shareholder Yield ETF 7.5 59 -24 7.5 -1.1
SSLY Syntax Stratified SmallCap ETF 7.5 30 5 5.7 -2.9
VTWV Vanguard Russell 2000 Value Index Fund 7.3 15 20 5.9 -2.7
STSB iShares Factors US Small Blend Style ETF 7.2 35 0 3.0 -5.6
MDYV SPDR S&P 400 Mid Cap Value ETF 7.0 15 20 7.4 -1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 7.0 25 10 7.3 -1.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.0 80 -45 5.2 -3.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 6.9 29 6 7.4 -1.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 6.9 39 -4 5.8 -2.8
PEY Invesco High Yield Equity Dividend Achievers ETF 6.8 52 -17 8.7 +0.1
KRE SPDR S&P Regional Banking ETF 6.8 35 0 8.7 +0.1
IUSS Invesco Strategic US Small Company ETF 6.8 23 12 4.5 -4.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.7 29 6 5.5 -3.1
SPSM SPDR Portfolio Small Cap ETF 6.7 5 30 6.4 -2.2
SLY SPDR S&P 600 Small Cap ETF 6.7 15 20 6.3 -2.3
IJR iShares Core S&P Small Cap ETF 6.7 6 29 6.4 -2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 6.7 40 -5 6.3 -2.4
VIOO Vanguard S&P Small-Cap 600 ETF 6.7 10 25 6.1 -2.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 6.6 16 19 4.8 -3.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 6.4 40 -5 6.2 -2.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 6.4 30 5 6.9 -1.7
CALF Pacer US Small Cap Cash Cows 100 ETF 6.4 59 -24 8.1 -0.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 6.2 48 -13 5.9 -2.8
PSCC Invesco S&P SmallCap Consumer Staples ETF 6.2 29 6 4.9 -3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 6.2 39 -4 4.8 -3.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.0 15 20 7.4 -1.2
KBE SPDR S&P Bank ETF 6.0 35 0 9.2 +0.5
VFVA Vanguard U.S. Value Factor ETF 5.9 14 21 9.6 +1.0
PSCF Invesco S&P SmallCap Financials ETF 5.9 29 6 9.7 +1.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.9 20 15 4.4 -4.2
VAMO Cambria Value & Momentum ETF 5.9 63 -28 5.9 -2.7
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 5.9 41 -6 5.7 -2.9
FAB First Trust Multi Cap Value AlphaDEX Fund 5.7 71 -36 8.4 -0.2
XME SPDR S&P Metals & Mining ETF 5.6 35 0 5.7 -2.9
SMDY Syntax Stratified MidCap ETF 5.6 30 5 5.9 -2.7
PSCM Invesco S&P SmallCap Materials ETF 5.6 29 6 7.7 -0.9
VBR Vanguard Small Cap Value Index Fund 5.5 7 28 7.2 -1.4
DIV Global X SuperDividend US ETF 5.5 46 -11 5.5 -3.1
FOVL iShares Focused Value Factor ETF 5.5 25 10 8.8 +0.2
IWM iShares Russell 2000 ETF 5.4 19 16 3.0 -5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.4 20 15 4.3 -4.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.3 39 -4 8.1 -0.5
VTWO Vanguard Russell 2000 Index Fund 5.3 10 25 3.0 -5.6
IJT iShares S&P Small-Cap 600 Growth ETF 5.3 25 10 4.9 -3.7
XSHQ Invesco S&P SmallCap Quality ETF 5.3 29 6 6.1 -2.5
SLYG SPDR S&P 600 Small Cap Growth ETF 5.3 15 20 5.0 -3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.2 39 -4 4.1 -4.5
EZM WisdomTree U.S. MidCap Earnings Fund 5.2 38 -3 7.7 -0.9
FXO First Trust Financials AlphaDEX Fund 5.2 63 -28 10.5 +1.9
KBWD Invesco KBW High Dividend Yield Financial ETF 5.1 158 -123 11.1 +2.5
NIFE Direxion Fallen Knives ETF 5.0 50 -15 4.7 -3.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 4.9 24 11 5.9 -2.7
SCHA Schwab U.S. Small-Cap ETF 4.9 4 31 4.2 -4.4
RWK Invesco S&P MidCap 400 Revenue ETF 4.8 39 -4 6.9 -1.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.7 59 -24 10.7 +2.1
AFMC First Trust Active Factor Mid Cap ETF 4.7 65 -30 5.8 -2.8
PXSG Invesco S&P SmallCap Momentum ETF 4.4 39 -4 4.2 -4.5
VFQY Vanguard U.S. Quality Factor ETF 4.4 13 22 5.9 -2.7
FVD First Trust Value Line Dividend Index Fund 4.3 70 -35 5.9 -2.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 4.1 29 6 -0.4 -9.0
TPYP Tortoise North American Pipeline Fund 4.1 40 -5 5.8 -2.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.1 20 15 7.9 -0.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.0 17 18 4.3 -4.3

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 US Small Cap High Dividend Volatility Wtd Idx ETF
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 12.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.50
 
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.