Victory CEMP US Discovery Enhanced Volatility Weighted Idx ETF
ALTAR
Score™
10.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.5x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Compass EMP US Discovery 500 Enhanced Volatility Weighted Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that match the performance of the CEMP US Small Cap 500 Long/Cash Volatility Weighted Index before fees and expenses.

FUND BASICS
Category US Equities
Fund Sponsor Compass Efficient Model Portfo
Website www.compassempfunds.com
Inception date Aug 01, 2014
Assets (mns) $42
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian US Bank NA
Weighting Technical
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 455
Wgt avg mkt cap (mns) $260
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 83.6%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
TOOTSIE ROLL INDS 0.1 %
FIDELITY NATIONAL FINANCIAL INC - 0.1 %
COGENT COMMUNICATIONS HOLDINGS INC 0.1 %
SJW CORP 0.1 %
AMERISAFE INC 0.1 %
HOULIHAN LOKEY, INC. CLASS A 0.1 %
SHENANDOAH TELECOMMUNICATIONS COMP 0.1 %
WEIS MARKETS INC 0.1 %
CAPITOL FEDERAL FINANCIAL IN 0.1 %
NATIONAL HEALTHCARE CORP 0.1 %
Total 1.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 19.4 %
BERMUDA 0.1 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
NETHERLANDS 0.0 %






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.
-17.9% -16.6% -- -- -2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.77 55%
MSCI EAFE 0.64 37%
MSCI Emg. Mkts. 0.42 23%

Technical Indicators
Recent close $32.33
30d moving avg. $33.59
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.6%
Relative strength (RSI) 26

Liquidity measures
Avg. volume (thou.) 29
Turnover 2.2%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $7,278

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Victory CEMP US Discovery Enhanced Volatility Weighted Idx ETF ETF based on the alternatives' overlap in portfolio holdings with CSF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CSF Expense: 35 bp ALTAR Score™: 10.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CSF
Ticker Fund
Name
Overlap1
vs CSF
(%)
Expense
ratio
(bp)
Savings
vs CSF
(bp)
ALTAR
Score™
(%)
ALTAR
vs CSF
(%)
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 19.6 35 0 10.9 0.0
TPSC Timothy Plan US Small Cap Core ETF 18.5 52 -17 10.9 -0.0
VTWO Vanguard Russell 2000 Index Fund 17.0 10 25 5.8 -5.1
IWM iShares Russell 2000 ETF 17.0 19 16 5.7 -5.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.9 20 15 9.7 -1.2
SCHA Schwab U.S. Small-Cap ETF 16.1 4 31 7.5 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.1 39 -4 6.4 -4.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 14.8 6 29 8.0 -2.9
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 13.5 39 -4 8.7 -2.3
EES WisdomTree SmallCap Earnings Fund 13.1 38 -3 19.2 +8.3
FYX First Trust Small Cap Core AlphaDEX Fund 13.1 63 -28 9.1 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.5 29 6 8.5 -2.4
IUSS Invesco Strategic US Small Company ETF 12.4 23 12 9.0 -2.0
DES WisdomTree U.S. SmallCap Dividend Fund 12.3 38 -3 12.7 +1.8
IWN iShares Russell 2000 Value ETF 12.1 24 11 10.3 -0.6
VTWV Vanguard Russell 2000 Value Index Fund 12.1 15 20 10.5 -0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 11.9 25 10 9.6 -1.3
VB Vanguard Small-Cap ETF 11.6 5 30 8.1 -2.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 11.5 40 -5 8.7 -2.2
SPSM SPDR Portfolio Small Cap ETF 11.5 5 30 9.6 -1.3
IJR iShares Core S&P Small Cap ETF 11.5 7 28 9.6 -1.4
VIOO Vanguard S&P Small-Cap 600 ETF 11.5 10 25 9.6 -1.4
SLY SPDR S&P 600 Small Cap ETF 11.5 15 20 9.5 -1.5
VXF Vanguard Extended Market Index Fund 11.4 7 28 5.9 -5.0
ISMD Inspire Small/Mid Cap Impact ETF 10.9 61 -26 7.6 -3.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 10.8 39 -4 9.7 -1.3
RNSC Small Cap US Equity Select ETF 10.2 60 -25 9.5 -1.5
PSC Principal U.S. Small Cap Index ETF 10.0 38 -3 11.1 +0.1
VBR Vanguard Small Cap Value Index Fund 10.0 7 28 12.0 +1.1
VTWG Vanguard Russell 2000 Growth Index Fund 9.7 15 20 1.8 -9.1
IWO iShares Russell 2000 Growth ETF 9.7 24 11 1.6 -9.4
VFQY Vanguard U.S. Quality Factor ETF 9.6 13 22 8.5 -2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 9.1 17 18 7.3 -3.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.4 29 6 12.6 +1.7
ROGS Hartford Multifactor Global Small Cap ETF 8.3 34 1 11.7 +0.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 8.3 29 6 0.0 -10.9
SLYG SPDR S&P 600 Small Cap Growth ETF 8.2 15 20 7.5 -3.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 8.2 16 19 7.5 -3.4
IJT iShares S&P Small-Cap 600 Growth ETF 8.2 25 10 7.4 -3.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 8.1 35 0 9.1 -1.8
FAB First Trust Multi Cap Value AlphaDEX Fund 8.0 71 -36 13.3 +2.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 7.8 38 -3 13.4 +2.5
SLYV SPDR S&P 600 Small Cap Value ETF 7.8 15 20 12.2 +1.3
IJS iShares S&P Small-cap 600 Value ETF 7.8 25 10 12.1 +1.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 7.8 15 20 12.2 +1.3
FSMD Fidelity Small-Mid Factor ETF 7.8 29 6 9.9 -1.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.7 30 5 10.7 -0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 7.7 12 23 10.6 -0.3
TUSA First Trust Total US Market AlphaDEX ETF 7.7 70 -35 9.4 -1.6
FYT First Trust Small Cap Value AlphaDEX Fund 7.6 72 -37 13.6 +2.7
VFMF Vanguard U.S. Multifactor ETF 7.5 18 17 10.9 0.0
VFLQ Vanguard U.S. Liquidity Factor ETF 7.0 13 22 5.5 -5.4
AVUV Avantis U.S. Small Cap Value ETF 6.6 25 10 13.8 +2.9
AFSM First Trust Active Factor Small Cap ETF 6.3 75 -40 10.6 -0.3
VFVA Vanguard U.S. Value Factor ETF 6.3 13 22 16.5 +5.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.3 20 15 10.3 -0.6
NUSC Nuveen ESG Small-Cap ETF 6.2 40 -5 7.6 -3.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.1 24 11 11.1 +0.2
FYC First Trust Small Cap Growth AlphaDEX Fund 5.7 70 -35 3.7 -7.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 5.7 66 -31 4.2 -6.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.7 25 10 8.6 -2.3
EZM WisdomTree U.S. MidCap Earnings Fund 5.4 38 -3 13.8 +2.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.1 20 15 7.8 -3.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.9 48 -13 8.8 -2.1
JKJ iShares Morningstar Small-Cap ETF 4.5 25 10 9.0 -1.9
VBK Vanguard Small-Cap Growth Index Fund 4.5 7 28 3.9 -7.0
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 4.4 35 0 12.2 +1.3
SQLV Legg Mason Small-Cap Quality Value 4.4 62 -27 12.2 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 4.2 13 22 4.7 -6.2
SCAP AdvisorShares Cornerstone Small Cap ETF 4.2 90 -55 8.1 -2.9
AVUS Avantis U.S. Equity ETF 4.2 15 20 8.0 -3.0
XSHQ Invesco S&P SmallCap Quality ETF 4.1 29 6 8.0 -3.0
VIS Vanguard Industrials Index Fund 3.7 10 25 8.0 -2.9
CSML IQ Chaikin U.S. Small Cap ETF 3.6 35 0 13.4 +2.4
JSML Janus Henderson Small Cap Growth Alpha ETF 3.6 35 0 9.5 -1.4
FIDU Fidelity MSCI Industrials Index ETF 3.6 8 27 7.8 -3.1
VFH Vanguard Financials Index Fund 3.6 10 25 11.7 +0.8
IEFN iShares Evolved U.S. Financials ETF 3.6 18 17 12.1 +1.2
FNCL Fidelity MSCI Financials Index ETF 3.5 8 27 11.7 +0.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 3.5 35 0 9.8 -1.2
BFOR Barron's 400 ETF 3.4 66 -31 9.1 -1.8
XSLV Invesco S&P SmallCap Low Volatility ETF 3.3 25 10 11.6 +0.7
IWC iShares Micro-Cap ETF 3.2 60 -25 -5.5 -16.4
JKL iShares Morningstar Small Cap Value ETF 3.2 30 5 14.8 +3.9
DWAS Invesco DWA SmallCap Momentum ETF 3.1 60 -25 1.1 -9.9
QABA First Trust NASDAQ ABA Community Bank Index Fund 3.0 60 -25 13.5 +2.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.0 35 0 7.9 -3.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 2.9 21 14 4.4 -6.6
JHSC John Hancock Multifactor Small Cap ETF 2.9 50 -15 8.6 -2.4
PXSG Invesco S&P SmallCap Momentum ETF 2.8 39 -4 7.4 -3.5
BUY USCF SummerHaven SHPEI Index Fund 2.7 80 -45 18.4 +7.5
PSCI Invesco S&P SmallCap Industrials ETF 2.6 29 6 9.7 -1.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 2.6 40 -5 9.7 -1.2
SMDY Syntax Stratified MidCap ETF 2.5 30 5 9.1 -1.8
PSCF Invesco S&P SmallCap Financials ETF 2.5 29 6 15.1 +4.2
SPMD SPDR Portfolio Mid Cap ETF 2.5 5 30 9.1 -1.8
IJH iShares Core S&P Mid-Cap ETF 2.5 6 29 9.1 -1.9
MDY SPDR S&P Midcap 400 ETF Trust 2.5 23 12 8.9 -2.0
IVOO Vanguard S&P Mid-Cap 400 ETF 2.5 10 25 9.0 -1.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 2.5 25 10 8.4 -2.5

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:
Victory CEMP US Discovery Enhanced Volatility Weighted Idx 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 13.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.