Amplify YieldShares CWP Dividend & Option Income ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 NEUTRAL
2023E    2024E
P/E
ratio		 17.7x P/Sales
ratio		 2.5x
P/BV
ratio		 3.8x Div.
yield		 2.4%


  • 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) $2,896
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives Yes
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $504,616
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
CASH & OTHER 13.0 %
VISA INC. CLASS A 5.5 %
CHEVRON CORP 5.3 %
MICROSOFT CORP 5.3 %
PROCTER & GAMBLE CO/THE 5.3 %
UNITEDHEALTH GROUP INC 5.2 %
APPLE INC 5.0 %
MCDONALD'S CORP 4.8 %
JPMORGAN CHASE & CO 4.8 %
GOLDMAN SACHS GROUP INC 4.8 %
Total 59.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.3% 9.2% 10.2% -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.73 81%
MSCI EAFE 0.67 72%
MSCI Emg. Mkts. 0.41 25%

Technical Indicators
Recent close $35.60
30d moving avg. $35.97
Annualized volatility 14.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 0.9%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 321
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $42,272

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 34 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: 55 bp ALTAR Score™: 6.2%


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
(%)
DJIA Global X Dow 30 Covered Call ETF 51.0 60 -5 7.4 +1.2
DYLG Global X Dow 30 Covered Call & Growth ETF 50.9 60 -5 6.0 -0.2
CCOR Core Alternative ETF 28.9 107 -52 5.2 -1.0
XYLE Global X S&P 500 ESG Covered Call ETF 24.7 60 -5 5.4 -0.7
EFIV SPDR S&P 500 ESG ETF 24.6 10 45 6.0 -0.2
SFLR Innovator Equity Managed Floor ETF 24.3 89 -34 4.8 -1.4
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF 23.0 82 -27 7.3 +1.1
PBP Invesco S&P 500 BuyWrite ETF 23.0 49 6 5.5 -0.7
XYLD Global X S&P 500 Covered Call ETF 22.6 60 -5 5.4 -0.8
XRMI Global X S&P 500 Risk Managed Income ETF 22.6 60 -5 5.4 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 22.6 60 -5 5.4 -0.8
XTR Global X S&P 500 Tail Risk ETF 22.5 61 -6 5.6 -0.6
XCLR Global X S&P 500 Collar 95-110 ETF 22.4 60 -5 5.7 -0.5
ACIO Aptus Collared Income Opportunity ETF 22.3 79 -24 5.0 -1.2
FTHI First Trust High Income ETF 22.1 85 -30 5.7 -0.5
MMLG First Trust Multi-Manager Large Growth ETF 14.8 85 -30 2.7 -3.4
FTQI First Trust Nasdaq BuyWrite Income ETF 13.7 85 -30 4.3 -1.8
STLG iShares Factors US Growth Style ETF 12.2 25 30 6.8 +0.6
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 11.9 35 20 5.1 -1.0
QYLE Global X Nasdaq 100 ESG Covered Call ETF 10.3 60 -5 5.1 -1.1
QYLD Global X NASDAQ 100 Covered Call ETF 10.3 60 -5 4.9 -1.3
QTR Global X NASDAQ 100 Tail Risk ETF 10.3 61 -6 5.1 -1.1
NUSI Nationwide Risk-Managed Income ETF 10.3 68 -13 4.8 -1.3
QRMI Global X NASDAQ 100 Risk Managed Income ETF 10.3 60 -5 4.9 -1.3
QCLR Global X NASDAQ 100 Collar 95-110 ETF 10.3 60 -5 4.9 -1.3
TYLG Global X Information Technology Covered Call & Growth ETF 10.3 60 -5 5.4 -0.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 10.3 60 -5 4.9 -1.2
HYLG Global X Health Care Covered Call & Growth ETF 9.6 60 -5 7.9 +1.8
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 9.6 75 -20 6.1 -0.1
GRES IQ Global Resources ETF 9.4 30 25 8.6 +2.4
FYLG Global X Financials Covered Call & Growth ETF 9.0 60 -5 6.6 +0.4
LCG Sterling Capital Focus Equity ETF 4.3 59 -4 5.7 -0.5
XVOL Acruence Active Hedge U.S. Equity ETF 2.8 83 -28 6.1 -0.1
THNQ ROBO Global Artificial Intelligence ETF 2.1 68 -13 2.3 -3.9

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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:

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 21.5 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.50
 
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.