Distillate US Fundamental Stability & Value ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.2x 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) $132
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 101
Wgt avg mkt cap (mns) $244,724
Large cap (>$10bn) 96.0%
Mid cap ($2-10bn) 4.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.1 %
ALPHABET INC. CLASS A 3.0 %
FACEBOOK 2.3 %
JOHNSON & JOHNSON 2.2 %
ABBVIE INC 2.1 %
UNITEDHEALTH GROUP INC 2.0 %
WAL-MART STORES INC 1.9 %
PROCTER & GAMBLE CO/THE 1.7 %
CISCO SYSTEMS INC 1.6 %
HOME DEPOT INC 1.5 %
Total 24.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 2.6 %
SWITZERLAND 0.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 15.7% -- -- 15.8%

Market Correlations
versus... Beta R-squared
S&P500 1.02 98%
MSCI EAFE 1.07 86%
MSCI Emg. Mkts. 0.75 68%

Technical Indicators
Recent close $32.45
30d moving avg. $31.17
Annualized volatility 22.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.1%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $52,496

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.9%


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
(%)
FQAL Fidelity Quality Factor ETF 40.0 29 10 5.4 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 38.2 19 20 5.9 -0.0
FLQL Franklin LibertyQ U.S. Equity ETF 35.8 15 24 6.0 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 35.7 12 27 5.2 -0.7
RECS Columbia Research Enhanced Core ETF 35.5 15 24 5.4 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 35.3 8 31 6.3 +0.4
QLC FlexShares US Quality Large Cap Index Fund 35.1 32 7 5.2 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 34.4 25 14 6.4 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 34.1 49 -10 3.8 -2.0
OUSA O'Shares FTSE US Quality Dividend ETF 34.0 48 -9 5.5 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 33.3 75 -36 3.8 -2.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 32.7 60 -21 4.0 -1.9
FVAL Fidelity Value Factor ETF 32.5 29 10 7.7 +1.9
FDLO Fidelity Low Volatility Factor ETF 32.4 29 10 5.0 -0.9
FDRR Fidelity Dividend ETF for Rising Rates 32.3 29 10 6.8 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 32.2 27 12 4.8 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 32.2 28 11 6.3 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 31.8 15 24 6.0 +0.2
QUAL iShares MSCI Usa Quality Factor ETF 31.7 15 24 5.3 -0.6
JKD iShares Morningstar Large-Cap ETF 31.6 20 19 5.3 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.2 9 30 5.3 -0.5
PBP Invesco S&P 500 BuyWrite ETF 31.0 49 -10 4.8 -1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 31.0 37 2 5.7 -0.2
IWL iShares Russell Top 200 ETF 30.9 15 24 4.8 -1.1
DGRO iShares Core Dividend Growth ETF 30.9 8 31 6.5 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 30.9 27 12 5.1 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 30.9 0 39 4.9 -0.9
MGC Vanguard Mega Cap Index Fund 30.8 7 32 5.0 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.7 20 19 5.1 -0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.7 28 11 6.3 +0.5
IUS Invesco Strategic US ETF 30.5 19 20 6.3 +0.4
HSPX Global X S&P 500 Covered Call ETF 30.5 65 -26 4.7 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 30.4 15 24 5.7 -0.2
OEF iShares S&P 100 ETF 30.4 20 19 4.6 -1.3
AFLG First Trust Active Factor Large Cap ETF 30.3 55 -16 5.3 -0.5
SPY SPDR S&P 500 ETF Trust 30.3 9 30 5.2 -0.7
SPLG SPDR Portfolio Large Cap ETF 30.2 3 36 5.2 -0.6
IVV iShares Core S&P 500 ETF 30.2 4 35 5.2 -0.7
VOO VANGUARD S&P 500 ETF 30.1 3 36 5.2 -0.6
QDF FlexShares Quality Dividend Index Fund 30.1 37 2 6.0 +0.1
SPHQ Invesco S&P 500 Quality ETF 29.8 15 24 4.5 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.5 7 32 5.0 -0.9
DTD WisdomTree U.S.Total Dividend Fund 29.3 28 11 6.5 +0.6
PBUS Invesco PureBeta MSCI USA ETF 29.1 4 35 5.1 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.1 2 37 5.1 -0.8
XLG Invesco S&P 500 Top 50 ETF 28.8 20 19 4.3 -1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.7 20 19 4.7 -1.1
VV Vanguard Large-Cap Index Fund 28.6 4 35 5.0 -0.8
ACIO Aptus Collared Income Opportunity ETF 28.6 79 -40 4.1 -1.8
FCPI Fidelity Stocks for Inflation ETF 28.5 29 10 6.7 +0.8
ROUS Hartford Multifactor US Equity ETF 28.4 19 20 7.0 +1.2
SCHX Schwab U.S. Large-Cap ETF 28.4 3 36 5.1 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 28.4 3 36 5.3 -0.6
PFM Invesco Dividend Achievers ETF 28.3 54 -15 5.3 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.3 12 27 4.4 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 28.2 27 12 4.8 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 28.2 15 24 4.9 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.2 25 14 6.2 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 28.0 4 35 4.2 -1.7
VOOG Vanguard S&P 500 Growth ETF 28.0 10 29 4.1 -1.8
SUSA iShares MSCI USA ESG Select ETF 28.0 25 14 4.6 -1.2
IVW iShares S&P 500 Growth ETF 28.0 18 21 4.0 -1.8
VIG Vanguard Dividend Appreciation Index Fund 27.7 6 33 5.2 -0.6
KRMA Global X Conscious Companies ETF 27.7 43 -4 5.0 -0.8
SCHK Schwab 1000 Index ETF 27.6 5 34 5.1 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.5 29 10 5.8 -0.0
VONE Vanguard Russell 1000 ETF 27.4 8 31 5.0 -0.9
VEGN US Vegan Climate ETF 27.4 60 -21 5.0 -0.9
IWB iShares Russell 1000 ETF 27.3 15 24 4.9 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 27.3 29 10 5.0 -0.9
IYY iShares Dow Jones U.S. ETF 27.3 20 19 5.0 -0.9
IQSU IQ Candriam ESG US Equity ETF 27.2 9 30 4.9 -1.0
FDMO Fidelity Momentum Factor ETF 27.2 29 10 3.7 -2.2
IUSG iShares Core S&P US Growth ETF 27.2 4 35 4.2 -1.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.2 37 2 6.0 +0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.1 17 22 6.3 +0.5
JHML John Hancock Multifactor Large Cap ETF 27.1 29 10 5.4 -0.5
LRGF iShares Edge MSCI Multifactor USA ETF 27.1 20 19 7.1 +1.3
CCOR Core Alternative ETF 27.0 123 -84 4.3 -1.6
IWY iShares Russell Top 200 Growth ETF 26.9 20 19 3.7 -2.2
JVAL JPMorgan U.S. Value Factor ETF 26.9 12 27 8.5 +2.6
SNPE Xtrackers S&P 500 ESG ETF 26.9 11 28 4.9 -1.0
EXT WisdomTree U.S. Total Earnings Fund 26.9 28 11 5.0 -0.8
RNLC Large Cap US Equity Select ETF 26.8 60 -21 6.1 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.6 25 14 6.2 +0.4
USDY Pacific Global US Equity Income ETF 26.6 29 10 7.1 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.6 10 29 5.2 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 26.5 10 29 5.2 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 26.5 25 14 6.0 +0.1
PSET Principal Price Setters Index ETF 26.3 29 10 4.6 -1.3
REVS Columbia Research Enhanced Value ETF 26.3 19 20 7.3 +1.4
MGV Vanguard Mega Cap Value ETF 26.3 7 32 7.2 +1.3
DSI iShares MSCI KLD 400 Social ETF 26.2 25 14 5.0 -0.9
SCHB Schwab U.S. Broad Market ETF 26.1 3 36 5.0 -0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 26.1 75 -36 3.9 -2.0
VONG Vanguard Russell 1000 Growth Index Fund 26.0 8 31 3.7 -2.2
IWF iShares Russell 1000 Growth ETF 26.0 19 20 3.6 -2.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.0 3 36 5.0 -0.9
IWV iShares Russell 3000 ETF 25.8 20 19 4.8 -1.1
VTHR Vanguard Russell 3000 Index Fund 25.8 10 29 4.9 -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:
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 26.9 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.