VictoryShares US Small Cap High Dividend Volatility Wtd Idx ETF
ALTAR
Score™
9.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
4.6%


  • 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 08, 2015
Assets (mns) $70
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 100
Wgt avg mkt cap (mns) $1,275
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 23.0%
Small cap (<$2bn) 77.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WEIS MARKETS INC 2.3 %
ACUSHNET HOLDINGS CORP. 1.9 %
WILEY (JOHN) & SONS -CL A 1.7 %
NATIONAL HEALTHCARE CORP 1.7 %
UNITIL CORP 1.7 %
SAFETY INSURANCE GROUP INC 1.6 %
UNITED BANKSHARES INC 1.6 %
OTTER TAIL CORP 1.5 %
INVESTORS BANCORP INC 1.5 %
JOHN B. SANFILIPPO & SON INC 1.5 %
Total 16.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 1.2 %
NETHERLANDS 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.0% -11.2% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.12 81%
MSCI EAFE 1.16 75%
MSCI Emg. Mkts. 0.84 59%

Technical Indicators
Recent close $35.87
30d moving avg. $33.54
Annualized volatility 21.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.7%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $2,014

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.6%


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
(%)
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 24.0 38 -3 9.1 -0.5
DES WisdomTree U.S. SmallCap Dividend Fund 23.6 38 -3 8.7 -0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 22.1 35 0 8.4 -1.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 18.8 39 -4 6.3 -3.3
RNSC Small Cap US Equity Select ETF 18.0 60 -25 7.7 -1.9
FYT First Trust Small Cap Value AlphaDEX Fund 17.9 72 -37 9.4 -0.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 17.2 35 0 8.4 -1.2
SQLV Legg Mason Small-Cap Quality Value 16.6 62 -27 7.0 -2.6
ROGS Hartford Multifactor Global Small Cap ETF 16.0 34 1 8.1 -1.5
TPSC Timothy Plan US Small Cap Core ETF 15.9 52 -17 7.9 -1.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 14.8 30 5 11.9 +2.2
XSLV Invesco S&P SmallCap Low Volatility ETF 13.3 25 10 6.0 -3.7
AVUV Avantis U.S. Small Cap Value ETF 12.6 25 10 9.1 -0.5
FYX First Trust Small Cap Core AlphaDEX Fund 12.0 63 -28 6.7 -3.0
PSC Principal U.S. Small Cap Index ETF 11.8 38 -3 7.2 -2.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.1 39 -4 10.4 +0.8
SMDV ProShares Russell 2000 Dividend Growers ETF 11.1 40 -5 7.1 -2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 10.7 60 -25 8.5 -1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.5 35 0 6.3 -3.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 10.4 48 -13 6.4 -3.2
EES WisdomTree SmallCap Earnings Fund 10.4 38 -3 11.5 +1.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.2 12 23 8.2 -1.4
AFSM First Trust Active Factor Small Cap ETF 10.2 75 -40 5.8 -3.9
KBWR Invesco KBW Regional Banking ETF 10.2 35 0 11.0 +1.4
CSML IQ Chaikin U.S. Small Cap ETF 10.1 35 0 4.7 -4.9
SLYV SPDR S&P 600 Small Cap Value ETF 10.0 15 20 9.3 -0.3
IJS iShares S&P Small-cap 600 Value ETF 10.0 25 10 9.2 -0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.9 15 20 9.2 -0.5
ISMD Inspire Small/Mid Cap Impact ETF 9.8 61 -26 6.9 -2.8
CALF Pacer US Small Cap Cash Cows 100 ETF 9.6 59 -24 11.6 +2.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 9.5 29 6 9.0 -0.6
JKL iShares Morningstar Small Cap Value ETF 9.2 30 5 9.9 +0.2
FDM First Trust Dow Jones Select Microcap Index Fund 9.1 60 -25 7.9 -1.8
WBIY WBI Power Factor High Dividend ETF 8.9 70 -35 13.7 +4.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 8.8 29 6 6.0 -3.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.6 80 -45 5.5 -4.1
BUY USCF SummerHaven SHPEI Index Fund 8.4 80 -45 10.6 +1.0
PEY Invesco High Yield Equity Dividend Achievers ETF 8.4 53 -18 8.8 -0.9
QABA First Trust NASDAQ ABA Community Bank Index Fund 8.4 60 -25 10.5 +0.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 8.3 40 -5 6.5 -3.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.2 29 6 10.3 +0.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 8.0 39 -4 6.9 -2.7
IWN iShares Russell 2000 Value ETF 7.8 24 11 7.3 -2.4
VTWV Vanguard Russell 2000 Value Index Fund 7.5 15 20 7.4 -2.3
XSHQ Invesco S&P SmallCap Quality ETF 7.5 29 6 6.1 -3.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 7.3 35 0 9.4 -0.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 7.2 40 -5 6.2 -3.5
PSCM Invesco S&P SmallCap Materials ETF 7.1 29 6 9.7 +0.1
RFV Invesco S&P Midcap 400 Pure Value ETF 7.0 35 0 9.8 +0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.7 25 10 6.5 -3.1
SYLD Cambria Shareholder Yield ETF 6.7 59 -24 9.2 -0.4
IJR iShares Core S&P Small Cap ETF 6.7 7 28 7.2 -2.5
SPSM SPDR Portfolio Small Cap ETF 6.7 5 30 7.2 -2.4
SLY SPDR S&P 600 Small Cap ETF 6.6 15 20 7.1 -2.5
VIOO Vanguard S&P Small-Cap 600 ETF 6.5 10 25 7.1 -2.6
PSCF Invesco S&P SmallCap Financials ETF 6.2 29 6 11.9 +2.2
IFRA iShares U.S. Infrastructure ETF 6.1 40 -5 5.7 -3.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 6.1 30 5 7.7 -2.0
IUSS Invesco Strategic US Small Company ETF 6.1 23 12 6.0 -3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.9 39 -4 4.4 -5.2
PXMV Invesco S&P MidCap Value with Momentum ETF 5.8 39 -4 9.5 -0.1
SMDY Syntax Stratified MidCap ETF 5.6 30 5 6.3 -3.3
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.6 29 6 5.2 -4.4
VBR Vanguard Small Cap Value Index Fund 5.5 7 28 8.5 -1.1
KBWD Invesco KBW High Dividend Yield Financial ETF 5.5 158 -123 15.2 +5.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 5.4 40 -5 6.8 -2.8
BUYN USCF SummerHaven SHPEN Index Fund 5.4 80 -45 9.6 -0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.3 20 15 6.2 -3.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 5.3 29 6 1.9 -7.8
PSCI Invesco S&P SmallCap Industrials ETF 5.3 29 6 6.9 -2.8
VAMO Cambria Value & Momentum ETF 5.2 64 -29 7.4 -2.3
XRT SPDR S&P Retail ETF 5.2 35 0 6.8 -2.8
VFVA Vanguard U.S. Value Factor ETF 5.2 13 22 12.0 +2.3
MDYV SPDR S&P 400 Mid Cap Value ETF 5.2 15 20 8.4 -1.2
IJJ iShares S&P Mid-Cap 400 Value ETF 5.2 25 10 8.3 -1.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 5.0 15 20 8.5 -1.1
DIV Global X SuperDividend US ETF 5.0 45 -10 9.9 +0.3
TMDV ProShares Russell US Dividend Growers ETF 5.0 35 0 5.3 -4.3
KRE SPDR S&P Regional Banking ETF 4.9 35 0 10.9 +1.3
IWM iShares Russell 2000 ETF 4.9 19 16 3.7 -6.0
KBE SPDR S&P Bank ETF 4.8 35 0 10.9 +1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 4.7 71 -36 9.7 +0.1
VTWO Vanguard Russell 2000 Index Fund 4.7 10 25 3.7 -5.9
KSCD KFA Small Cap Quality Dividend Index ETF 4.5 51 -16 6.3 -3.3
VFMF Vanguard U.S. Multifactor ETF 4.2 18 17 7.4 -2.3
SCHA Schwab U.S. Small-Cap ETF 4.2 4 31 4.9 -4.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.1 35 0 6.4 -3.3
FSMD Fidelity Small-Mid Factor ETF 4.1 29 6 7.0 -2.6
EZM WisdomTree U.S. MidCap Earnings Fund 4.1 38 -3 9.3 -0.3
VFMV Vanguard U.S. Minimum Volatility ETF 4.1 13 22 3.8 -5.9
JKJ iShares Morningstar Small-Cap ETF 4.1 25 10 6.5 -3.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 4.0 20 15 6.0 -3.6
RWK Invesco S&P MidCap 400 Revenue ETF 4.0 39 -4 7.6 -2.1
PYZ Invesco DWA Basic Materials Momentum ETF 4.0 60 -25 6.1 -3.6
VUSE Vident Core US Equity Fund 4.0 48 -13 7.8 -1.8
PXSG Invesco S&P SmallCap Momentum ETF 4.0 39 -4 5.3 -4.4
NUSC Nuveen ESG Small-Cap ETF 3.9 40 -5 5.0 -4.6
CVY Invesco Zacks Multi-Asset Income ETF 3.9 97 -62 12.6 +2.9
IJT iShares S&P Small-Cap 600 Growth ETF 3.8 25 10 5.2 -4.4

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:
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 12.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 CATEGORY
AVERAGE
1.53
 
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.