Distillate US Fundamental Stability & Value ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.8x P/Sales
ratio
2.1x
P/BV
ratio
4.8x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Distillate U.S. Fundamental Stability & Value ETF tracks an index of 100 US large-cap stocks that score highly for financial indebtedness, fundamental stability, and valuation. The portfolio is equally weighted, modified by free cash flow.

FUND BASICS
Category US Equities
Fund Sponsor Distillate Capital Partners
Website distillatefunds.com
Inception date Oct 23, 2018
Assets (mns) $182
Currency USD
Expense ratio 39 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $266,325
Large cap (>$10bn) 96.1%
Mid cap ($2-10bn) 3.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALPHABET INC. CLASS A 4.1 %
JOHNSON & JOHNSON 2.6 %
UNITEDHEALTH GROUP INC 2.5 %
WAL-MART STORES INC 2.4 %
PROCTER & GAMBLE CO/THE 2.0 %
HOME DEPOT INC 1.8 %
INTEL CORP 1.8 %
CISCO SYSTEMS INC 1.7 %
ORACLE CORP 1.6 %
BROADCOM INC. 1.5 %
Total 22.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 2.8 %
SWITZERLAND 0.8 %
NETHERLANDS 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.3% 18.3% -- -- 15.7%

Market Correlations
versus... Beta R-squared
S&P500 1.01 97%
MSCI EAFE 1.07 86%
MSCI Emg. Mkts. 0.76 67%

Technical Indicators
Recent close $32.56
30d moving avg. $33.01
Annualized volatility 21.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.5%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $62,594

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Distillate US Fundamental Stability & Value ETF ETF based on the alternatives' overlap in portfolio holdings with DSTL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DSTL Expense: 39 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DSTL
Ticker Fund
Name
Overlap1
vs DSTL
(%)
Expense
ratio
(bp)
Savings
vs DSTL
(bp)
ALTAR
Score™
(%)
ALTAR
vs DSTL
(%)
FUNL CornerCap Fundametrics Large-Cap ETF 31.8 50 -11 8.3 +2.1
FQAL Fidelity Quality Factor ETF 31.1 29 10 5.4 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 30.6 15 24 6.1 -0.0
REVS Columbia Research Enhanced Value ETF 30.3 19 20 7.8 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.2 75 -36 3.8 -2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.8 19 20 6.0 -0.1
QLC FlexShares US Quality Large Cap Index Fund 29.8 32 7 5.1 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 29.6 12 27 5.4 -0.8
PFM Invesco Dividend Achievers ETF 29.1 53 -14 5.3 -0.8
FVAL Fidelity Value Factor ETF 29.1 29 10 7.7 +1.6
FDLO Fidelity Low Volatility Factor ETF 29.0 29 10 5.2 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 28.8 48 -9 5.8 -0.3
DGRO iShares Core Dividend Growth ETF 28.7 8 31 6.7 +0.6
RECS Columbia Research Enhanced Core ETF 28.2 15 24 5.6 -0.6
VIG Vanguard Dividend Appreciation Index Fund 28.2 6 33 5.2 -0.9
FLRG Fidelity U.S. Multifactor ETF 28.1 29 10 6.4 +0.2
QDF FlexShares Quality Dividend Index Fund 28.0 37 2 5.9 -0.2
MGV Vanguard Mega Cap Value ETF 27.9 7 32 7.3 +1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 27.8 37 2 6.0 -0.2
LRGF iShares Edge MSCI Multifactor USA ETF 26.6 20 19 7.1 +1.0
DIVB iShares U.S. Dividend & Buyback ETF 26.5 25 14 6.9 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 26.2 8 31 6.4 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.1 17 22 6.8 +0.7
FTCS First Trust Capital Strength ETF 26.1 58 -19 4.8 -1.3
VTV Vanguard Value Index Fund 25.8 4 35 7.4 +1.3
VOOV Vanguard S&P 500 Value ETF 25.7 10 29 7.3 +1.2
FDRR Fidelity Dividend ETF for Rising Rates 25.7 29 10 6.8 +0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 25.6 28 11 6.5 +0.3
ROUS Hartford Multifactor US Equity ETF 25.6 19 20 6.4 +0.3
CCOR Core Alternative ETF 25.5 109 -70 4.7 -1.5
QUS SPDR MSCI USA StrategicFactors ETF 25.4 15 24 5.8 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.4 60 -21 4.0 -2.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 25.3 10 29 5.3 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 25.2 10 29 5.2 -0.9
USDY Pacific Global US Equity Income ETF 25.1 29 10 7.0 +0.9
IWX iShares Russell Top 200 Value ETF 25.0 20 19 6.8 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 25.0 28 11 6.5 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 24.8 49 -10 3.9 -2.2
IVE iShares S&P 500 Value ETF 24.7 18 21 7.2 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 24.7 4 35 7.4 +1.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 24.7 75 -36 6.0 -0.1
SPHQ Invesco S&P 500 Quality ETF 24.7 15 24 4.5 -1.6
SCHV Schwab U.S. Large-Cap Value ETF 24.5 4 35 6.8 +0.7
JVAL JPMorgan U.S. Value Factor ETF 24.5 12 27 8.4 +2.3
QUAL iShares MSCI Usa Quality Factor ETF 24.1 15 24 5.3 -0.8
VALQ American Century STOXX U.S. Quality Value ETF 24.1 29 10 8.9 +2.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.1 9 30 5.4 -0.7
PSET Principal Price Setters Index ETF 24.0 15 24 4.8 -1.3
RNLC Large Cap US Equity Select ETF 23.8 60 -21 6.1 -0.1
VYM Vanguard High Dividend Yield Index ETF 23.6 6 33 7.5 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.4 15 24 6.2 +0.1
JKD iShares Morningstar Large-Cap ETF 23.3 20 19 5.6 -0.6
IUSV iShares Core S&P U.S. Value ETF 23.3 4 35 7.5 +1.3
RAFE PIMCO RAFI ESG U.S. ETF 23.3 29 10 7.7 +1.6
DTD WisdomTree U.S.Total Dividend Fund 23.1 28 11 6.7 +0.6
FVL First Trust Value Line 100 Exchange-Traded Fund 23.1 70 -31 5.3 -0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 23.0 25 14 6.3 +0.1
IUS Invesco Strategic US ETF 23.0 19 20 6.5 +0.3
DSI iShares MSCI KLD 400 Social ETF 22.5 25 14 5.0 -1.1
NULC Nuveen ESG Large-Cap ETF 22.4 20 19 5.0 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 22.1 27 12 4.8 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 22.0 27 12 5.5 -0.7
AFLG First Trust Active Factor Large Cap ETF 22.0 55 -16 5.3 -0.8
FLLV Franklin Liberty U.S. Low Volatility ETF 21.9 29 10 5.5 -0.7
KLCD KFA Large Cap Quality Dividend Index ETF 21.9 42 -3 5.5 -0.7
QSY WisdomTree U.S. LargeCap Value Fund 21.8 38 1 6.7 +0.6
USXF iShares ESG Advanced MSCI USA ETF 21.7 10 29 4.9 -1.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 21.5 60 -21 6.4 +0.3
JKF iShares Morningstar Large Cap Value ETF 21.5 25 14 7.8 +1.6
JHMI John Hancock Multifactor Industrials ETF 21.4 40 -1 5.7 -0.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 21.4 35 4 7.2 +1.0
SPQQ Siren Large Cap Blend Index ETF 21.3 20 19 4.8 -1.4
IWD iShares Russell 1000 Value ETF 21.2 19 20 6.9 +0.8
RWL Invesco S&P 500 Revenue ETF 21.2 39 0 7.2 +1.1
HSPX Global X S&P 500 Covered Call ETF 21.2 60 -21 4.8 -1.3
VONV Vanguard Russell 1000 Value Index Fund 21.2 8 31 7.0 +0.9
SUSA iShares MSCI USA ESG Select ETF 21.1 25 14 4.7 -1.5
MGC Vanguard Mega Cap Index Fund 21.1 7 32 5.0 -1.1
SCIU Global X Scientific Beta US ETF 21.0 19 20 0.0 -6.1
FCPI Fidelity Stocks for Inflation ETF 20.9 29 10 6.3 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.9 29 10 5.9 -0.2
OEF iShares S&P 100 ETF 20.9 20 19 4.7 -1.5
PBP Invesco S&P 500 BuyWrite ETF 20.8 49 -10 4.9 -1.3
SYV SPDR MFS Systematic Value Equity ETF 20.8 60 -21 7.5 +1.3
JHML John Hancock Multifactor Large Cap ETF 20.8 29 10 5.4 -0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 20.7 60 -21 4.9 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.7 25 14 6.7 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 20.7 27 12 5.1 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.7 20 19 5.2 -0.9
RFFC RiverFront Dynamic US Flex-Cap ETF 20.7 52 -13 4.9 -1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 20.6 75 -36 5.4 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 20.6 0 39 5.0 -1.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 20.6 37 2 6.0 -0.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 20.5 30 9 5.5 -0.6
SPY SPDR S&P 500 ETF Trust 20.5 9 30 5.2 -0.9
IVV iShares Core S&P 500 ETF 20.4 3 36 5.3 -0.9
SPLG SPDR Portfolio Large Cap ETF 20.4 3 36 5.3 -0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 20.2 40 -1 6.7 +0.6
VEGN US Vegan Climate ETF 20.2 60 -21 5.0 -1.1

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:
Distillate US Fundamental Stability & Value 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 27.0 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.51
 
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.