ALPS Disruptive Technologies ETF
ALTAR
Score™		 3.5% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 36.3x P/Sales
ratio		 3.6x
P/BV
ratio		 3.5x Div.
yield		 0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DTEC tracks an index of 100 global companies that are involved in disruptive technologies across ten themes.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.alpsfunds.com
Inception date Dec 29, 2017
Assets (mns) $88
Currency USD
Expense ratio 50 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $36,298
Large cap (>$10bn) 62.2%
Mid cap ($2-10bn) 29.4%
Small cap (<$2bn) 8.4%
Developed mkts 98.6%
Emerging mkts 1.4%

TOP TEN HOLDINGS
ZSCALER, INC. 1.8 %
AMS AG 1.8 %
IROBOT CORP 1.5 %
OKTA, INC. CLASS A 1.4 %
FORTINET INC 1.4 %
PROTO LABS INC 1.3 %
SPLUNK INC 1.3 %
ADYEN NV 1.2 %
PALO ALTO NETWORKS INC 1.2 %
NEMETSCHEK AG 1.2 %
Total 14.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 60.8 %
BRITAIN 5.6 %
JAPAN 4.9 %
SWITZERLAND 4.6 %
GERMANY 3.0 %
DENMARK 2.9 %
NETHERLANDS 2.2 %
ISRAEL 2.0 %
FRANCE 1.9 %
AUSTRIA 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.0% 18.4% -- -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 1.19 87%
MSCI EAFE 1.20 75%
MSCI Emg. Mkts. 0.91 64%

Technical Indicators
Recent close $34.40
30d moving avg. $30.91
Annualized volatility 23.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $30,256

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DTEC Expense: 50 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DTEC
Ticker Fund
Name		 Overlap1
vs DTEC
(%)		 Expense
ratio
(bp)		 Savings
vs DTEC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DTEC
(%)
TECB iShares US Tech Breakthrough Multisector ETF 20.8 40 10 4.1 +0.6
IRBO iShares Robotics & Artificial Intelligence ETF 19.9 47 3 2.6 -0.9
ROBO Robo Global Robotics & Automation Index ETF 19.3 95 -45 3.4 -0.1
RPG Invesco S&P 500 Pure Growth ETF 18.8 35 15 4.4 +0.9
NULG Nuveen ESG Large-Cap Growth ETF 18.6 35 15 3.4 -0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 18.3 61 -11 3.0 -0.5
XSW SPDR S&P Software & Services ETF 17.7 35 15 3.4 -0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 17.7 49 1 5.5 +2.0
GFIN Goldman Sachs Motif Finance Reimagined ETF 17.5 50 0 5.6 +2.1
QGRO American Century STOXX U.S. Quality Growth ETF 17.0 29 21 3.1 -0.4
FXL First Trust Technology AlphaDEX Fund 17.0 61 -11 3.3 -0.2
RYT Invesco S&P 500 Equal Weight Technology ETF 16.9 40 10 7.4 +3.9
JKE iShares Morningstar Large-Cap Growth ETF 16.6 25 25 3.5 -0.0
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 16.4 50 0 4.2 +0.7
IGV iShares North American Tech-Software ETF 16.3 46 4 2.6 -1.0
JKH iShares Morningstar Mid-Cap Growth ETF 16.0 30 20 2.4 -1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 15.8 50 0 5.2 +1.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 15.4 65 -15 3.8 +0.3
JMOM JPMorgan U.S. Momentum Factor ETF 15.4 12 38 3.9 +0.4
IQM Franklin Intelligent Machines ETF 15.2 50 0 2.2 -1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.1 60 -10 4.1 +0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.0 35 15 4.4 +0.9
JHMT John Hancock Multifactor Technology ETF 14.8 40 10 5.1 +1.6
VOT Vanguard Mid-Cap Growth Index Fund 14.7 7 43 3.6 +0.1
OGIG O'Shares Global Internet Giants ETF 14.6 48 2 0.5 -3.0
FINX Global X FinTech Thematic ETF 14.4 68 -18 4.3 +0.8
VGT Vanguard Information Technology Index Fund 14.4 10 40 4.8 +1.3
FTEC Fidelity MSCI Information Technology Index ETF 14.3 8 42 4.9 +1.4
IGM iShares North American Tech ETF 14.1 46 4 4.0 +0.5
CIBR First Trust NASDAQ CEA Cybersecurity ETF 14.0 60 -10 3.0 -0.5
IETC iShares Evolved U.S. Technology ETF 13.9 18 32 4.1 +0.6
CLRG IQ Chaikin U.S. Large Cap ETF 13.9 25 25 6.1 +2.6
IHAK iShares Cybersecurity & Tech ETF 13.8 47 3 3.6 +0.1
IWP iShares Russell Mid-Cap Growth ETF 13.7 24 26 4.2 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 13.7 4 46 4.3 +0.8
VGFO Virtus WMC Global Factor Opportunities ETF 13.7 49 1 6.2 +2.6
VUG Vanguard Growth Index Fund 13.6 4 46 4.2 +0.7
XITK SPDR FactSet Innovative Technology ETF 13.6 45 5 0.4 -3.1
ARKF ARK Fintech Innovation ETF 13.3 75 -25 0.8 -2.7
HACK ETFMG Prime Cyber Security ETF 13.0 60 -10 3.0 -0.5
IXN iShares Global Tech ETF 12.9 46 4 4.8 +1.3
IWF iShares Russell 1000 Growth ETF 12.9 19 31 4.3 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 12.9 8 42 4.4 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 12.5 75 -25 3.7 +0.2
XT iShares Exponential Technologies ETF 12.3 47 3 5.2 +1.7
VEGN US Vegan Climate ETF 12.2 60 -10 5.3 +1.8
BOTZ Global X Robotics & Artificial Intelligence ETF 12.1 68 -18 2.9 -0.6
MGK Vanguard Mega Cap Growth ETF 12.1 7 43 4.3 +0.8
ETHO Etho Climate Leadership U.S. ETF 12.1 47 3 4.4 +0.9
SFY SoFi Select 500 ETF 12.0 0 50 5.4 +1.9
ECOZ TrueMark ESG Active Opportunities ETF 11.8 58 -8 4.4 +0.9
XLK Technology Select Sector SPDR Fund 11.8 13 37 5.0 +1.5
ARKW ARK Web x.0 ETF 11.7 76 -26 -0.8 -4.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.7 75 -25 2.2 -1.3
BUG Global X Cybersecurity ETF 11.7 50 0 1.2 -2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 11.5 4 46 4.5 +1.0
IVW iShares S&P 500 Growth ETF 11.5 18 32 4.3 +0.8
SNSR Global X Internet of Things Thematic ETF 11.3 68 -18 4.7 +1.2
IUSG iShares Core S&P US Growth ETF 11.3 4 46 4.5 +1.0
VOOG Vanguard S&P 500 Growth ETF 11.2 10 40 4.4 +0.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.2 15 35 4.8 +1.3
IPAY ETFMG Prime Mobile Payments ETF 11.2 75 -25 6.4 +2.9
TPAY Tortoise Digital Payments Infrastructure Fund 11.2 40 10 5.5 +2.0
AIQ Global X Future Analytics Tech ETF 11.1 68 -18 4.2 +0.7
CACG ClearBridge All Cap Growth ETF 11.0 54 -4 4.5 +1.0
SPMO Invesco S&P 500 Momentum ETF 10.8 13 37 4.5 +1.0
KOMP SPDR Kensho New Economies Composite ETF 10.8 20 30 1.6 -1.9
IWY iShares Russell Top 200 Growth ETF 10.7 20 30 4.3 +0.8
GVIP Goldman Sachs Hedge Industry VIP ETF 10.6 45 5 5.0 +1.5
PWB Invesco Dynamic Large Cap Growth ETF 10.6 55 -5 3.5 -0.0
PSET Principal Price Setters Index ETF 10.5 29 21 4.6 +1.1
TMFC Motley Fool 100 Index ETF 10.3 50 0 4.0 +0.5
JHMF John Hancock Multifactor Financials ETF 10.3 40 10 7.7 +4.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.3 66 -16 2.6 -0.9
PDP Invesco DWA Momentum ETF 10.3 62 -12 2.8 -0.7
PRNT The 3D Printing ETF 10.3 66 -16 1.1 -2.4
LRGE ClearBridge Large Cap Growth ESG ETF 10.1 60 -10 4.0 +0.5
VO Vanguard Mid-Cap Index Fund 10.1 4 46 5.5 +2.0
NULC Nuveen ESG Large-Cap ETF 10.0 20 30 5.3 +1.8
ESGV Vanguard ESG U.S. Stock ETF 10.0 12 38 5.3 +1.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 9.9 63 -13 7.0 +3.5
FDMO Fidelity Momentum Factor ETF 9.9 29 21 3.9 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 9.5 60 -10 4.5 +1.0
FITE SPDR Kensho Future Security ETF 9.4 45 5 3.7 +0.2
PBP Invesco S&P 500 BuyWrite ETF 9.4 49 1 5.1 +1.6
KOIN Innovation Shares NextGen Protocol ETF 9.4 95 -45 4.4 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 9.3 15 35 5.2 +1.7
CATH Global X S&P 500 Catholic Values Custom ETF 9.3 29 21 5.3 +1.8
FEX First Trust Large Cap Core AlphaDEX Fund 9.3 60 -10 6.1 +2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 9.3 9 41 5.6 +2.1
PBUS Invesco PureBeta MSCI USA ETF 9.3 4 46 5.4 +1.9
VV Vanguard Large-Cap Index Fund 9.2 4 46 5.4 +1.9
BOSS Global X Founder-Run Companies ETF 9.2 45 5 3.8 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 9.2 12 38 5.1 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 9.2 2 48 5.4 +1.9
HSPX Global X S&P 500 Covered Call ETF 9.2 65 -15 5.0 +1.5
SCHX Schwab U.S. Large-Cap ETF 9.2 3 47 5.4 +1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 9.1 27 23 5.2 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 9.1 75 -25 4.6 +1.1
IWB iShares Russell 1000 ETF 9.0 15 35 5.3 +1.8

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 ALPS Disruptive Technologies 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 13.2 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.