AdvisorShares Focused Equity ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
3.0x
P/BV
ratio
3.3x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AdvisorShares Focused Equity ETF is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models.

FUND BASICS
Category US Equities
Fund Sponsor AdvisorShares
Website www.advisorshares.com
Inception date Sep 20, 2016
Assets (mns) $20
Currency USD
Expense ratio 85 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $37,476
Large cap (>$10bn) 77.7%
Mid cap ($2-10bn) 19.6%
Small cap (<$2bn) 2.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TREX COMPANY INC 5.5 %
FACTSET RESEARCH SYSTEMS INC 4.8 %
MOODY'S CORP 4.7 %
ANSYS INC 4.6 %
DANAHER CORP 4.6 %
HORMEL FOODS CORP 4.5 %
SILGAN HOLDINGS INC 4.5 %
CHURCH & DWIGHT CO INC 4.5 %
INTERCONTINENTALEXCHANGE INC 4.4 %
SHERWIN-WILLIAMS CO/THE 4.3 %
Total 46.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
ISRAEL 4.1 %









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.
-4.7% 8.5% -- -- 10.9%

Market Correlations
versus... Beta R-squared
S&P500 0.91 84%
MSCI EAFE 0.86 65%
MSCI Emg. Mkts. 0.59 47%

Technical Indicators
Recent close $35.87
30d moving avg. $33.88
Annualized volatility 16.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $7,284

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the AdvisorShares Focused Equity ETF ETF based on the alternatives' overlap in portfolio holdings with CWS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CWS Expense: 85 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CWS
Ticker Fund
Name
Overlap1
vs CWS
(%)
Expense
ratio
(bp)
Savings
vs CWS
(bp)
ALTAR
Score™
(%)
ALTAR
vs CWS
(%)
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 15.6 75 10 5.5 +0.1
IHI iShares U.S. Medical Devices ETF 12.3 43 42 3.3 -2.1
PDP Invesco DWA Momentum ETF 10.8 62 23 2.8 -2.6
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 10.7 60 25 3.4 -2.0
IEHS iShares Evolved U.S. Healthcare Staples ETF 10.5 18 67 5.5 +0.1
PSL Invesco DWA Consumer Staples Momentum ETF 10.3 60 25 4.0 -1.4
PRN Invesco DWA Industrials Momentum ETF 9.9 60 25 4.8 -0.6
TMDV ProShares Russell US Dividend Growers ETF 9.8 35 50 5.3 -0.1
FLLV Franklin Liberty U.S. Low Volatility ETF 9.1 29 56 5.7 +0.3
FDLO Fidelity Low Volatility Factor ETF 9.0 29 56 5.3 -0.1
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 8.9 40 45 6.3 +0.9
PSJ Invesco Dynamic Software ETF 8.8 58 27 2.8 -2.6
LGLV SPDR Russell 1000 Low Volatility ETF 8.7 12 73 5.7 +0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 8.4 70 15 4.8 -0.6
VSL Volshares Large Capital ETF 8.3 65 20 8.0 +2.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 8.2 99 -14 1.8 -3.6
SPLV Invesco S&P 500 Low Volatility ETF 8.2 25 60 5.7 +0.3
FTXG First Trust Nasdaq Food & Beverage ETF 7.9 60 25 5.7 +0.3
ALFA AlphaClone Alternative Alpha ETF 7.8 65 20 3.8 -1.6
PSET Principal Price Setters Index ETF 7.6 29 56 4.7 -0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.6 60 25 6.2 +0.8
USMV iShares Edge MSCI Min Vol USA ETF 7.5 15 70 5.7 +0.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 7.4 57 28 5.2 -0.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 7.4 75 10 5.8 +0.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.4 35 50 6.2 +0.8
KLCD KFA Large Cap Quality Dividend Index ETF 7.3 41 44 5.3 -0.1
LEAD Reality Shares DIVCON Leaders Dividend ETF 7.1 43 42 4.4 -1.0
FVL First Trust Value Line 100 Exchange-Traded Fund 7.1 70 15 4.9 -0.5
PBJ Invesco Dynamic Food & Beverage ETF 6.9 63 22 5.5 +0.1
KCE SPDR S&P Capital Markets ETF 6.9 35 50 8.2 +2.8
XLV Health Care Select Sector SPDR Fund 6.8 13 72 7.0 +1.6
JKE iShares Morningstar Large-Cap Growth ETF 6.6 25 60 3.5 -1.9
VIG Vanguard Dividend Appreciation Index Fund 6.5 6 79 5.2 -0.2
RYH Invesco S&P 500 Equal Weight Health Care ETF 6.3 40 45 6.3 +0.9
FXG First Trust Consumer Staples AlphaDEX Fund 6.2 64 21 7.0 +1.6
DEF Invesco Defensive Equity ETF 6.1 55 30 5.1 -0.3
VAW Vanguard Materials Index Fund 6.1 10 75 6.3 +0.9
FMAT Fidelity MSCI Materials Index ETF 6.0 8 77 6.2 +0.8
JHMA John Hancock Multifactor Materials ETF 6.0 40 45 7.0 +1.6
RYF Invesco S&P 500 Equal Weight Financials ETF 5.9 40 45 9.9 +4.5
GFIN Goldman Sachs Motif Finance Reimagined ETF 5.8 50 35 5.6 +0.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 5.8 40 45 6.2 +0.8
IYH iShares U.S. Healthcare ETF 5.8 43 42 6.0 +0.6
FHLC Fidelity MSCI Health Care Index ETF 5.8 8 77 5.6 +0.2
CCOR Core Alternative ETF 5.7 123 -38 4.3 -1.2
VHT Vanguard Health Care Index Fund 5.7 10 75 5.4 +0.0
PFI Invesco DWA Financial Momentum ETF 5.7 60 25 3.6 -1.8
CLRG IQ Chaikin U.S. Large Cap ETF 5.6 25 60 6.2 +0.8
EQWM Invesco S&P MidCap Quality ETF 5.6 25 60 5.1 -0.3
BIBL Inspire ETF 5.6 35 50 4.8 -0.6
TTAC TrimTabs Float Shrink ETF 5.6 59 26 3.6 -1.8
LNGR Global X Longevity Thematic ETF 5.5 50 35 3.0 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.5 19 66 6.3 +0.9
ABEQ Absolute Core Strategy ETF 5.5 85 0 4.7 -0.7
MILN Global X Millennials Thematic ETF 5.5 50 35 2.7 -2.7
IWP iShares Russell Mid-Cap Growth ETF 5.4 24 61 4.2 -1.2
SCHG Schwab U.S. Large-Cap Growth ETF 5.3 4 81 4.3 -1.1
IWX iShares Russell Top 200 Value ETF 5.2 20 65 7.1 +1.7
ITB iShares U.S. Home Construction ETF 5.2 42 43 8.5 +3.1
JMIN JPMorgan U.S. Minimum Volatility ETF 5.2 12 73 5.9 +0.5
DFND Reality Shares DIVCON Dividend Defender ETF 5.2 121 -36 3.6 -1.8
JHMS John Hancock Multifactor Consumer Staples ETF 5.1 40 45 5.9 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 5.1 61 24 3.0 -2.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 5.1 35 50 6.8 +1.4
SCIU Global X Scientific Beta US ETF 5.0 19 66 5.8 +0.4
XLF Financial Select Sector SPDR Fund 5.0 13 72 8.2 +2.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 5.0 29 56 4.4 -1.0
XHE SPDR S&P Health Care Equipment ETF 4.9 35 50 1.8 -3.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 4.8 30 55 6.0 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.8 60 25 4.2 -1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 4.8 35 50 4.4 -1.0
LVUS Hartford Multifactor Low Volatility US Equity ETF 4.8 19 66 6.0 +0.6
VFH Vanguard Financials Index Fund 4.8 10 75 8.8 +3.4
JHMF John Hancock Multifactor Financials ETF 4.7 40 45 7.8 +2.4
VFMV Vanguard U.S. Minimum Volatility ETF 4.7 13 72 3.8 -1.6
ETHO Etho Climate Leadership U.S. ETF 4.7 47 38 4.4 -1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 4.7 30 55 5.1 -0.3
PRNT The 3D Printing ETF 4.7 66 19 1.1 -4.3
JHMH John Hancock Multifactor Healthcare ETF 4.7 40 45 5.9 +0.5
IYC iShares U.S. Consumer Services ETF 4.7 42 43 4.2 -1.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.7 20 65 7.1 +1.7
IXJ iShares Global Healthcare ETF 4.6 46 39 6.2 +0.8
JKD iShares Morningstar Large-Cap ETF 4.6 20 65 6.0 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 4.6 35 50 5.9 +0.5
FNCL Fidelity MSCI Financials Index ETF 4.6 8 77 8.8 +3.4
VETS Pacer Military Times Best Employers ETF 4.6 60 25 6.4 +1.0
RPG Invesco S&P 500 Pure Growth ETF 4.6 35 50 4.5 -0.9
JOYY Infusive Compounding Global Equities ETF 4.6 50 35 3.9 -1.5
IEFN iShares Evolved U.S. Financials ETF 4.6 18 67 9.2 +3.8
CGW Invesco S&P Global Water Index ETF 4.6 62 23 4.3 -1.1
PIO Invesco Global Water ETF 4.6 75 10 4.2 -1.2
PHO Invesco Water Resources ETF 4.6 60 25 3.9 -1.5
FIW First Trust Water ETF 4.6 55 30 3.9 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 4.5 60 25 4.6 -0.8
ACSI American Customer Satisfaction Core Alpha ETF 4.5 66 19 6.2 +0.8
IAK iShares U.S. Insurance ETF 4.5 43 42 10.0 +4.6
QUAL iShares MSCI Usa Quality Factor ETF 4.4 15 70 5.5 +0.1
JMOM JPMorgan U.S. Momentum Factor ETF 4.4 12 73 3.9 -1.5
IQM Franklin Intelligent Machines ETF 4.4 50 35 2.2 -3.2
IAI iShares U.S. Broker-Dealers ETF 4.4 42 43 6.4 +1.0

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:
AdvisorShares Focused Equity 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 19.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.