VictoryShares US Discovery Enhanced Volatility Weighted Idx ETF
ALTAR
Score™
8.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.1%


  • 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 Jul 31, 2014
Assets (mns) $37
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 442
Wgt avg mkt cap (mns) $1,212
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 29.0%
Small cap (<$2bn) 71.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MERIDIAN BIOSCIENCE INC 0.4 %
COLUMBIA FINANCIAL, INC. 0.3 %
WD-40 CO 0.3 %
ACUSHNET HOLDINGS CORP. 0.3 %
WEIS MARKETS INC 0.3 %
TOOTSIE ROLL INDS 0.3 %
CHESAPEAKE UTILITIES CORP 0.3 %
BJ'S WHOLESALE CLUB HOLDINGS, INC. 0.3 %
HOSTESS BRANDS, INC. CLASS A 0.3 %
CAPITOL FEDERAL FINANCIAL IN 0.3 %
Total 3.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.5 %
PUERTO RICO 0.5 %
BERMUDA 0.2 %
CAYMAN ISLANDS 0.2 %
NETHERLANDS 0.1 %






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.
-0.6% 5.0% 1.2% -- 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 65%
MSCI EAFE 0.77 47%
MSCI Emg. Mkts. 0.51 33%

Technical Indicators
Recent close $38.94
30d moving avg. $38.98
Annualized volatility 17.8%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 13
Turnover 1.4%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $7,887

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VictoryShares 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™: 8.3%


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
(%)
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 77.5 35 0 8.3 -0.0
TPSC Timothy Plan US Small Cap Core ETF 73.1 52 -17 8.3 -0.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 37.2 40 -5 6.7 -1.5
EES WisdomTree SmallCap Earnings Fund 35.7 38 -3 11.6 +3.4
SLY SPDR S&P 600 Small Cap ETF 35.6 15 20 7.0 -1.2
SPSM SPDR Portfolio Small Cap ETF 35.6 5 30 7.1 -1.1
IJR iShares Core S&P Small Cap ETF 35.6 7 28 7.1 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 34.8 10 25 7.2 -1.1
FYX First Trust Small Cap Core AlphaDEX Fund 34.5 63 -28 6.6 -1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 33.6 29 6 5.6 -2.7
CSML IQ Chaikin U.S. Small Cap ETF 32.9 35 0 4.2 -4.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 32.2 20 15 6.0 -2.3
DES WisdomTree U.S. SmallCap Dividend Fund 31.6 38 -3 8.8 +0.5
IWN iShares Russell 2000 Value ETF 30.0 24 11 7.3 -1.0
RNSC Small Cap US Equity Select ETF 29.5 60 -25 7.7 -0.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 29.3 29 6 1.8 -6.5
IWM iShares Russell 2000 ETF 29.2 19 16 3.6 -4.7
PSC Principal U.S. Small Cap Index ETF 28.7 38 -3 7.1 -1.2
VTWV Vanguard Russell 2000 Value Index Fund 28.0 15 20 7.4 -0.8
VTWO Vanguard Russell 2000 Index Fund 26.9 10 25 3.7 -4.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 26.6 29 6 9.7 +1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.4 39 -4 4.2 -4.1
SLYG SPDR S&P 600 Small Cap Growth ETF 26.4 15 20 5.3 -3.0
IJT iShares S&P Small-Cap 600 Growth ETF 26.4 25 10 5.1 -3.2
SSLY Syntax Stratified SmallCap ETF 26.1 30 5 6.2 -2.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 26.0 16 19 5.2 -3.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 25.7 39 -4 7.7 -0.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 25.7 35 0 6.4 -1.9
ISMD Inspire Small/Mid Cap Impact ETF 25.6 60 -25 6.5 -1.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.5 30 5 7.8 -0.5
ROGS Hartford Multifactor Global Small Cap ETF 24.7 34 1 7.9 -0.3
SLYV SPDR S&P 600 Small Cap Value ETF 24.3 15 20 9.3 +1.0
IJS iShares S&P Small-cap 600 Value ETF 24.2 25 10 9.2 +1.0
AFSM First Trust Active Factor Small Cap ETF 24.1 75 -40 5.7 -2.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 24.0 12 23 7.8 -0.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 24.0 38 -3 9.0 +0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.8 25 10 6.7 -1.6
FYT First Trust Small Cap Value AlphaDEX Fund 23.8 72 -37 9.5 +1.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.7 15 20 9.6 +1.4
IUSS Invesco Strategic US Small Company ETF 22.7 23 12 5.5 -2.8
VTWG Vanguard Russell 2000 Growth Index Fund 22.4 15 20 0.8 -7.5
AVUV Avantis U.S. Small Cap Value ETF 22.1 25 10 9.3 +1.0
IWO iShares Russell 2000 Growth ETF 22.0 24 11 0.8 -7.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.2 24 11 7.2 -1.1
SCHA Schwab U.S. Small-Cap ETF 21.1 4 31 4.7 -3.6
BKSE BNY Mellon US Small Cap Core Equity ETF 20.7 4 31 5.7 -2.6
VFMF Vanguard U.S. Multifactor ETF 19.9 19 16 7.2 -1.1
FSMD Fidelity Small-Mid Factor ETF 19.6 29 6 7.0 -1.2
SQLV Legg Mason Small-Cap Quality Value 19.5 62 -27 7.8 -0.4
FYC First Trust Small Cap Growth AlphaDEX Fund 18.7 70 -35 2.5 -5.8
VBR Vanguard Small Cap Value Index Fund 18.0 7 28 8.4 +0.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.5 17 18 5.2 -3.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.4 6 29 5.3 -3.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 17.2 35 0 9.4 +1.2
VFQY Vanguard U.S. Quality Factor ETF 16.8 13 22 6.0 -2.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.9 20 15 4.7 -3.6
NUSC Nuveen ESG Small-Cap ETF 15.8 40 -5 5.4 -2.9
VFVA Vanguard U.S. Value Factor ETF 14.8 14 21 11.5 +3.2
FAB First Trust Multi Cap Value AlphaDEX Fund 14.2 71 -36 9.5 +1.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 13.9 39 -4 7.6 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 13.8 38 -3 9.2 +0.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 13.8 35 0 5.9 -2.3
VB Vanguard Small-Cap ETF 13.0 5 30 5.4 -2.9
XSHQ Invesco S&P SmallCap Quality ETF 12.9 29 6 6.7 -1.6
XSLV Invesco S&P SmallCap Low Volatility ETF 12.9 25 10 6.0 -2.3
JSML Janus Henderson Small Cap Growth Alpha ETF 12.8 30 5 7.6 -0.6
BFOR Barron's 400 ETF 12.4 65 -30 6.3 -2.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.4 20 15 9.4 +1.2
IWC iShares Micro-Cap ETF 11.6 60 -25 -3.8 -12.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.6 80 -45 5.6 -2.6
JKJ iShares Morningstar Small-Cap ETF 11.5 25 10 6.7 -1.6
VFLQ Vanguard U.S. Liquidity Factor ETF 11.4 14 21 4.7 -3.6
VXF Vanguard Extended Market Index Fund 11.0 7 28 3.7 -4.5
BUY USCF SummerHaven SHPEI Index Fund 11.0 80 -45 10.1 +1.9
DWAS Invesco DWA SmallCap Momentum ETF 10.6 60 -25 -1.1 -9.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 10.4 40 -5 7.2 -1.1
PXSG Invesco S&P SmallCap Momentum ETF 10.4 39 -4 5.0 -3.3
JHSC John Hancock Multifactor Small Cap ETF 9.9 42 -7 5.9 -2.4
JKL iShares Morningstar Small Cap Value ETF 9.9 30 5 10.4 +2.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.8 60 -25 10.8 +2.5
KRE SPDR S&P Regional Banking ETF 9.7 35 0 11.4 +3.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 9.4 39 -4 11.7 +3.5
PSCI Invesco S&P SmallCap Industrials ETF 9.3 29 6 6.6 -1.7
CALF Pacer US Small Cap Cash Cows 100 ETF 9.1 59 -24 13.2 +4.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 9.1 30 5 5.7 -2.6
JKK iShares Morningstar Small-Cap Growth ETF 9.1 30 5 1.1 -7.1
TUSA First Trust Total US Market AlphaDEX ETF 8.9 70 -35 5.9 -2.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 8.9 15 20 8.6 +0.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 8.9 29 6 9.4 +1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 8.7 15 20 8.7 +0.4
IJJ iShares S&P Mid-Cap 400 Value ETF 8.7 25 10 8.6 +0.3
SMDV ProShares Russell 2000 Dividend Growers ETF 8.7 40 -5 7.5 -0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.5 66 -31 2.5 -5.8
VBK Vanguard Small-Cap Growth Index Fund 8.5 7 28 2.4 -5.9
SMDY Syntax Stratified MidCap ETF 8.2 30 5 6.4 -1.9
VUSE Vident Core US Equity Fund 8.1 48 -13 8.3 0.0
RWK Invesco S&P MidCap 400 Revenue ETF 7.4 39 -4 8.1 -0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 7.3 10 25 6.5 -1.8
MDY SPDR S&P Midcap 400 ETF Trust 7.2 23 12 6.4 -1.8
IJH iShares Core S&P Mid-Cap ETF 7.2 6 29 6.6 -1.7

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 Discovery Enhanced Volatility Weighted 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 12.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.