Amplify YieldShares CWP Dividend & Option Income ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
2.4x
P/BV
ratio
3.3x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Amplify YieldShares CWP Dividend & Option Income ETF is an actively-managed ETF that aims to provide income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy.

FUND BASICS
Category US Equities
Fund Sponsor Amplify
Website www.amplifyetfs.com
Inception date Dec 13, 2016
Assets (mns) $37
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $359,814
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 5.6 %
APPLE INC 5.4 %
MICROSOFT CORP 5.4 %
VISA INC-CLASS A SHARES 5.4 %
NIKE INC -CL B 5.3 %
WAL-MART STORES INC 5.3 %
CATERPILLAR INC 5.1 %
MCDONALD'S CORP 5.0 %
PEPSICO INC 4.9 %
GOLDMAN SACHS GROUP INC 4.7 %
Total 52.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %










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.
-5.1% 2.1% -- -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 91%
MSCI EAFE 0.79 76%
MSCI Emg. Mkts. 0.57 62%

Technical Indicators
Recent close $28.27
30d moving avg. $28.51
Annualized volatility 14.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.1%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $48,577

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Amplify YieldShares CWP Dividend & Option Income ETF ETF based on the alternatives' overlap in portfolio holdings with DIVO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DIVO Expense: 49 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIVO
Ticker Fund
Name
Overlap1
vs DIVO
(%)
Expense
ratio
(bp)
Savings
vs DIVO
(bp)
ALTAR
Score™
(%)
ALTAR
vs DIVO
(%)
DIA SPDR Dow Jones Industrial Average ETF Trust 60.2 16 33 5.7 +0.8
EDOW First Trust Dow 30 Equal Weight ETF 56.8 50 -1 6.1 +1.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 45.6 7 42 7.1 +2.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.9 12 37 4.8 -0.1
PFM Invesco Dividend Achievers ETF 35.3 54 -5 5.5 +0.6
VIG Vanguard Dividend Appreciation Index Fund 35.0 6 43 5.4 +0.5
DGRO iShares Core Dividend Growth ETF 35.0 8 41 6.8 +1.9
XLG Invesco S&P 500 Top 50 ETF 33.9 20 29 4.4 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 33.8 28 21 6.5 +1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 33.2 37 12 5.9 +1.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 32.9 28 21 6.5 +1.6
OUSA O'Shares FTSE US Quality Dividend ETF 32.8 48 1 5.7 +0.8
FDVV Fidelity Core Dividend ETF 32.7 29 20 7.3 +2.4
SPHQ Invesco S&P 500 Quality ETF 32.7 15 34 4.6 -0.3
OEF iShares S&P 100 ETF 32.0 20 29 4.8 -0.2
YLDE ClearBridge Dividend Strategy ESG ETF 31.0 60 -11 5.1 +0.1
FDRR Fidelity Dividend ETF for Rising Rates 30.9 29 20 7.1 +2.2
DTD WisdomTree U.S.Total Dividend Fund 30.1 28 21 6.8 +1.9
FDLO Fidelity Low Volatility Factor ETF 29.3 29 20 5.2 +0.3
QDF FlexShares Quality Dividend Index Fund 28.9 37 12 6.2 +1.3
EPS WisdomTree U.S. Earnings 500 Fund 28.7 8 41 6.6 +1.6
ACIO Aptus Collared Income Opportunity ETF 28.6 79 -30 4.4 -0.5
IWL iShares Russell Top 200 ETF 28.1 15 34 5.0 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 28.1 29 20 8.0 +3.1
IOO iShares Global 100 ETF 28.1 40 9 4.7 -0.3
MGV Vanguard Mega Cap Value ETF 27.9 7 42 7.5 +2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.9 20 29 4.9 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 27.9 0 49 5.2 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 27.6 25 24 6.7 +1.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 27.5 29 20 7.4 +2.5
CCOR Core Alternative ETF 27.3 123 -74 4.4 -0.5
MGC Vanguard Mega Cap Index Fund 27.3 7 42 5.2 +0.3
QLV FlexShares US Quality Low Volatility Index Fund 27.3 22 27 4.9 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 27.3 75 -26 4.5 -0.4
JKF iShares Morningstar Large Cap Value ETF 27.2 25 24 7.8 +2.9
RECS Columbia Research Enhanced Core ETF 27.2 15 34 5.7 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.9 49 0 4.1 -0.9
SNPE Xtrackers S&P 500 ESG ETF 26.3 11 38 5.1 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 26.2 32 17 5.1 +0.2
SPMO Invesco S&P 500 Momentum ETF 26.0 13 36 4.3 -0.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 25.9 37 12 6.3 +1.4
PBP Invesco S&P 500 BuyWrite ETF 25.9 49 0 5.0 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 25.8 19 30 5.7 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 25.8 27 22 5.0 +0.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 25.7 52 -3 5.0 +0.1
VYM Vanguard High Dividend Yield Index ETF 25.7 6 43 7.6 +2.6
QLC FlexShares US Quality Large Cap Index Fund 25.7 32 17 5.4 +0.5
BVAL Brand Value ETF 25.6 65 -16 6.2 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 25.6 75 -26 4.5 -0.4
SPY SPDR S&P 500 ETF Trust 25.5 9 40 5.4 +0.4
SPLG SPDR Portfolio Large Cap ETF 25.5 3 46 5.4 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 25.5 15 34 5.9 +1.0
IVV iShares Core S&P 500 ETF 25.5 4 45 5.4 +0.5
VOO VANGUARD S&P 500 ETF 25.5 3 46 5.4 +0.5
HSPX Global X S&P 500 Covered Call ETF 25.5 65 -16 4.9 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 25.3 27 22 5.3 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.2 20 29 5.4 +0.4
FQAL Fidelity Quality Factor ETF 25.2 29 20 5.5 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 25.2 7 42 5.2 +0.3
IWX iShares Russell Top 200 Value ETF 25.1 20 29 7.3 +2.4
VV Vanguard Large-Cap Index Fund 25.0 4 45 5.3 +0.4
FMK First Trust Mega Cap AlphaDEX Fund 25.0 70 -21 5.2 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.8 12 37 4.9 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.8 2 47 5.3 +0.4
VTV Vanguard Value Index Fund 24.7 4 45 7.6 +2.7
PBUS Invesco PureBeta MSCI USA ETF 24.6 4 45 5.3 +0.4
FVAL Fidelity Value Factor ETF 24.6 29 20 8.1 +3.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.6 15 34 6.2 +1.3
IQSU IQ Candriam ESG US Equity ETF 24.5 9 40 5.0 +0.1
ADME Aptus Drawdown Managed Equity ETF 24.4 81 -32 3.5 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 24.4 3 46 5.5 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.4 25 24 6.7 +1.8
SCHX Schwab U.S. Large-Cap ETF 24.3 3 46 5.3 +0.4
VEGN US Vegan Climate ETF 24.2 60 -11 5.2 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 24.2 27 22 5.0 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.1 10 39 5.3 +0.4
HIPR Direxion High Growth ETF 24.1 40 9 2.8 -2.1
VONE Vanguard Russell 1000 ETF 24.1 8 41 5.3 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 24.0 15 34 5.1 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 24.0 10 39 5.3 +0.4
QUAL iShares MSCI Usa Quality Factor ETF 24.0 15 34 5.4 +0.5
SPMV Invesco S&P 500 Minimum Variance ETF 23.9 10 39 5.9 +1.0
SCHK Schwab 1000 Index ETF 23.8 5 44 5.3 +0.4
IWB iShares Russell 1000 ETF 23.7 15 34 5.2 +0.3
IEDI iShares Evolved U.S. Discretionary Spending ETF 23.7 18 31 3.6 -1.3
IYY iShares Dow Jones U.S. ETF 23.6 20 29 5.2 +0.3
TMFC Motley Fool 100 Index ETF 23.6 50 -1 3.6 -1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 23.5 75 -26 6.2 +1.3
FDMO Fidelity Momentum Factor ETF 23.4 29 20 3.8 -1.2
JOYY Infusive Compounding Global Equities ETF 23.3 50 -1 3.7 -1.2
SCHV Schwab U.S. Large-Cap Value ETF 23.2 4 45 7.4 +2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.9 25 24 6.7 +1.8
VTHR Vanguard Russell 3000 Index Fund 22.9 10 39 5.2 +0.3
SCHB Schwab U.S. Broad Market ETF 22.8 3 46 5.3 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 22.7 3 46 5.2 +0.3
VTI Vanguard Total Stock Market Index Fund 22.6 3 46 5.2 +0.3
IWV iShares Russell 3000 ETF 22.5 20 29 5.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 22.3 12 37 5.2 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 22.2 60 -11 4.3 -0.6
IWY iShares Russell Top 200 Growth ETF 22.1 20 29 4.0 -0.9

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:
Amplify YieldShares CWP Dividend & Option Income ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.9 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.