Arrow Dogs of the World ETF
ALTAR
Score™
13.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.6x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
5.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DOGS tracks an index of global stocks, investing in the five worst performing countries by relative strength, excluding the US.

FUND BASICS
Category Global Equities
Fund Sponsor Arrow Investment Advisors
Website arrowfunds.com
Inception date Jan 03, 2018
Assets (mns) $3
Currency USD
Expense ratio 134 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 143
Wgt avg mkt cap (mns) $24,560
Large cap (>$10bn) 20.2%
Mid cap ($2-10bn) 43.7%
Small cap (<$2bn) 36.2%
Developed mkts 3.0%
Emerging mkts 97.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 6.5 %
TELECOM ARGENTINA SA SPONSORED ADR 4.5 %
PAMPA ENERGIA SA-SPON ADR 3.1 %
BANCO MACRO SA-ADR 2.4 %
TRANSPORTADOR GAS SUR-SP ADR 2.4 %
CD PROJEKT S.A. 2.2 %
PAKISTAN PETROLEUM LTD 2.1 %
IRSA -SP ADR 2.1 %
YPF S.A.-SPONSORED ADR 2.1 %
POWSZECHNY ZAKLAD UBEZPIECZE 1.9 %
Total 29.5 %

TOP COUNTRY EXPOSURE
ARGENTINA 22.6 %
SOUTH KOREA 20.5 %
CHILE 18.6 %
POLAND 17.5 %
PAKISTAN 14.2 %
CANADA 1.5 %
LUXEMBOURG 1.1 %
UNITED STATES 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.
-37.4% -34.7% -- -- -20.3%

Market Correlations
versus... Beta R-squared
S&P500 1.10 50%
MSCI EAFE 1.24 57%
MSCI Emg. Mkts. 1.10 61%

Technical Indicators
Recent close $30.40
30d moving avg. $35.31
Annualized volatility 27.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 5.53%
ADV underlying (mns) $4,838

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DOGS Expense: 134 bp ALTAR Score™: 13.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DOGS
Ticker Fund
Name
Overlap1
vs DOGS
(%)
Expense
ratio
(bp)
Savings
vs DOGS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DOGS
(%)
AGT iShares MSCI Argentina & Global Exposure ETF A 27.0 59 75 10.5 -3.4
ARGT Global X MSCI Argentina ETF 27.0 59 75 10.5 -3.4
FRDM Freedom 100 Emerging Markets ETF 25.4 49 85 9.2 -4.7
EMXC iShares MSCI Emerging Markets ex China ETF 20.4 49 85 10.3 -3.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.4 49 85 10.3 -3.6
FLKR Franklin FTSE South Korea ETF 20.3 9 125 12.5 -1.4
EWY iShares MSCI South Korea ETF 19.3 59 75 12.0 -1.9
ECH iShares MSCI Chile ETF 17.7 59 75 9.1 -4.8
EPOL iShares MSCI Poland Capped ETF 17.0 61 73 12.9 -1.0
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 15.0 45 89 10.3 -3.6
XCEM Columbia EM Core ex-China ETF 14.7 16 118 9.7 -4.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.5 30 104 10.4 -3.5
PAK Global X MSCI Pakistan ETF 13.3 87 47 18.2 +4.4
JHEM John Hancock Multifactor Emerging Markets ETF 13.3 55 79 10.8 -3.1
AIA iShares Asia 50 ETF 13.2 50 84 10.1 -3.8
EEMA iShares MSCI Emerging Markets Asia ETF 13.0 50 84 10.1 -3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.8 32 102 8.5 -5.4
EEM iShares MSCI Emerging Markets ETF 12.0 68 66 10.0 -3.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.8 65 69 10.0 -3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 11.7 49 85 11.1 -2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.7 45 89 10.3 -3.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.7 68 66 9.4 -4.5
ESGE iShares ESG MSCI EM ETF 11.5 25 109 11.6 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 11.3 19 115 10.0 -3.9
FKO First Trust South Korea AlphadDEX Fund 11.3 80 54 12.6 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.0 59 75 13.2 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 11.0 14 120 10.5 -3.4
AXJL WisdomTree Asia Pacific ex-Japan Fund 10.6 48 86 11.0 -2.9
BICK First Trust BICK Index Fund 10.2 64 70 6.4 -7.5
ROAM Hartford Multifactor Emerging Markets ETF 10.1 44 90 17.8 +3.9
DVEM WisdomTree Emerging Markets Dividend Fund 10.0 32 102 11.0 -2.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 9.5 32 102 9.2 -4.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.0 45 89 16.3 +2.4
VPL Vanguard FTSE Pacific ETF 8.8 8 126 9.9 -3.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.8 80 54 11.6 -2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 8.5 45 89 11.6 -2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.7 30 104 10.8 -3.1
FLLA Franklin FTSE Latin America ETF 7.7 19 115 9.4 -4.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.4 32 102 11.4 -2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.8 95 39 12.3 -1.6
IDRV iShares Self-driving EV & Tech ETF 6.8 47 87 10.5 -3.4
FLN First Trust Latin America AlphaDEX Fund 6.4 80 54 8.7 -5.2
AVEM Avantis Emerging Markets Equity ETF 6.1 33 101 11.7 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 6.0 25 109 11.2 -2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.0 29 105 12.5 -1.4
ISDX Invesco Strategic Developed ex-US ETF 6.0 23 111 10.0 -3.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.8 64 70 7.7 -6.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.8 40 94 8.9 -5.0
ILF iShares Latin America 40 ETF 5.7 48 86 9.8 -4.0
FEM First Trust Emerging Markets AlphaDEX Fund 5.5 80 54 14.7 +0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.5 20 114 9.2 -4.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 5.4 25 109 9.7 -4.1
DRIV Global X Autonomous & Electric Vehicles ETF 5.3 68 66 8.7 -5.1
JPGE JPMorgan Diversified Return Global Equity ETF 5.3 29 105 9.3 -4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 5.2 45 89 9.3 -4.6
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 5.2 51 83 13.8 -0.1
GVAL Cambria Global Value ETF 5.1 69 65 13.9 +0.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 4.9 45 89 11.8 -2.1
HFXI IQ 50 Percent Hedged FTSE International ETF 4.8 20 114 9.5 -4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.6 45 89 11.5 -2.4
TPIF Timothy Plan International ETF 4.5 62 72 8.9 -5.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.3 7 127 9.6 -4.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 4.3 45 89 8.8 -5.1
EMFM Global X MSCI Next Emerging & Frontier ETF 4.2 55 79 10.2 -3.7
VIGI Vanguard International Dividend Appreciation ETF 4.2 25 109 7.2 -6.7
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 4.0 50 84 12.6 -1.3
SCHF Schwab International Equity ETF 4.0 6 128 9.4 -4.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.0 51 83 20.4 +6.5
IXN iShares Global Tech ETF 3.9 46 88 6.3 -7.6
AIQ Global X Future Analytics Tech ETF 3.8 68 66 5.8 -8.1
CIL Victory CEMP International Volatility Weighted Index ETF 3.8 45 89 9.3 -4.6
FDT First Trust Developed Markets ex-US Alphadex Fund 3.7 80 54 11.4 -2.5
VIDI Vident International Equity Fund 3.7 59 75 15.1 +1.2
JPIN JPMorgan Diversified Return International Equity ETF 3.7 38 96 9.9 -3.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.6 29 105 14.7 +0.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.6 80 54 2.2 -11.7
VEA Vanguard FTSE Developed Markets ETF 3.4 5 129 9.5 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 3.4 32 102 9.4 -4.5
SDEM Global X SuperDividend Emerging Markets ETF 3.4 67 67 26.0 +12.1
YLCO Global X YieldCo Index ETF 3.4 65 69 5.3 -8.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.3 40 94 9.2 -4.7
BLOK Amplify Transformational Data Sharing ETF 3.2 70 64 5.0 -8.9
CRAK VanEck Vectors Oil Refiners ETF 3.1 60 74 18.4 +4.5
IXUS ishares Core MSCI Total International Stock ETF 3.1 9 125 9.5 -4.4
RNDM Developed International Equity Select ETF 3.0 65 69 8.2 -5.7
VSGX Vanguard ESG International Stock ETF 3.0 17 117 9.2 -4.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.9 65 69 15.3 +1.4
VXUS Vanguard Total International Stock Index Fund 2.9 8 126 9.7 -4.2
SDIV Global X SuperDividend ETF 2.7 58 76 25.1 +11.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.7 60 74 13.1 -0.8
RNEM Emerging Markets Equity Select ETF 2.7 75 59 11.6 -2.2
GAMR ETFMG Video Game Tech ETF 2.5 75 59 4.8 -9.1
ESPO VanEck Vectors Video Gaming & eSports ETF 2.5 55 79 3.6 -10.3
DEM WisdomTree Emerging Markets High Dividend Fund 2.5 63 71 16.6 +2.7
GXG Global X MSCI Colombia ETF 2.5 61 73 10.5 -3.4
ICOL iShares MSCI Colombia ETF 2.5 61 73 10.0 -3.9
GDAT Goldman Sachs Motif Data-Driven World Etf 2.4 50 84 7.0 -6.9
VEU Vanguard FTSE All-World ex-US Index Fund 2.4 8 126 9.7 -4.2
IRBO iShares Robotics & Artificial Intelligence ETF 2.3 47 87 4.0 -9.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 2.3 20 114 13.0 -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:
Arrow Dogs of the World 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 9.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 134 bp
Equals: ALTAR Score 13.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.