ALPS Disruptive Technologies ETF
ALTAR
Score™
2.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
44.0x P/Sales
ratio
4.9x
P/BV
ratio
4.7x Div.
yield
0.6%


  • 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 28, 2017
Assets (mns) $150
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 100
Wgt avg mkt cap (mns) $39,424
Large cap (>$10bn) 69.8%
Mid cap ($2-10bn) 23.3%
Small cap (<$2bn) 5.1%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
XINJIANG GOLDWIND SCI&TEC-H 1.7 %
BROOKS AUTOMATION INC 1.5 %
SOLAREDGE TECHNOLOGIES, INC. 1.4 %
XINYI SOLAR HOLDINGS LTD 1.3 %
SQUARE, INC. CLASS A 1.3 %
XERO LIMITED 1.3 %
ALIGN TECHNOLOGY INC 1.3 %
STONECO LTD. CLASS A 1.3 %
AMS AG 1.3 %
BROOKFIELD RENEWABLE PARTNERS LP 1.3 %
Total 13.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 61.7 %
BRITAIN 5.7 %
JAPAN 5.2 %
CHINA 4.3 %
SWITZERLAND 2.6 %
BRAZIL 2.4 %
NETHERLANDS 1.9 %
FRANCE 1.9 %
GERMANY 1.6 %
NEW ZEALAND 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
33.5% 35.0% -- -- 20.4%

Market Correlations
versus... Beta R-squared
S&P500 1.16 88%
MSCI EAFE 1.10 76%
MSCI Emg. Mkts. 0.89 64%

Technical Indicators
Recent close $42.99
30d moving avg. $40.47
Annualized volatility 23.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.7%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $28,161

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 2.9%


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
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 20.3 61 -11 2.4 -0.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 19.6 49 1 4.7 +1.8
TECB iShares US Tech Breakthrough Multisector ETF 19.2 40 10 3.9 +1.0
ROBO Robo Global Robotics & Automation Index ETF 18.9 95 -45 2.8 -0.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.5 75 -25 4.0 +1.1
JKH iShares Morningstar Mid-Cap Growth ETF 18.4 30 20 1.9 -1.0
XSW SPDR S&P Software & Services ETF 18.0 35 15 4.1 +1.2
FXL First Trust Technology AlphaDEX Fund 17.8 61 -11 3.7 +0.8
RPG Invesco S&P 500 Pure Growth ETF 17.7 35 15 4.2 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 17.5 12 38 3.2 +0.4
NULG Nuveen ESG Large-Cap Growth ETF 17.3 35 15 3.6 +0.7
THNQ ROBO Global Artificial Intelligence ETF 16.9 68 -18 1.5 -1.4
RYT Invesco S&P 500 Equal Weight Technology ETF 16.1 40 10 6.1 +3.2
IGV iShares Expanded Tech-Software ETF 16.0 46 4 2.2 -0.7
SLT Pacer Salt High TruBeta US Market ETF 15.9 60 -10 3.1 +0.2
IRBO iShares Robotics & Artificial Intelligence ETF 15.7 47 3 2.4 -0.5
JHMT John Hancock Multifactor Technology ETF 15.5 40 10 4.4 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 15.2 8 42 4.2 +1.4
VGT Vanguard Information Technology Index Fund 15.1 10 40 4.2 +1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.1 59 -9 4.0 +1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.1 35 15 4.2 +1.4
IPAY ETFMG Prime Mobile Payments ETF 14.9 75 -25 6.4 +3.5
TPAY Tortoise Digital Payments Infrastructure Fund 14.9 40 10 5.3 +2.4
FINX Global X FinTech Thematic ETF 14.7 68 -18 3.0 +0.1
IQM Franklin Intelligent Machines ETF 14.7 50 0 1.6 -1.3
MMLG First Trust Multi-Manager Large Growth ETF 14.7 85 -35 2.0 -0.8
IWP iShares Russell Mid-Cap Growth ETF 14.6 24 26 2.8 -0.1
IGM iShares Expanded Tech Sector ETF 14.5 46 4 3.6 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 14.2 4 46 3.4 +0.5
IETC iShares Evolved U.S. Technology ETF 14.1 18 32 3.6 +0.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 14.0 65 -15 2.5 -0.4
VOT Vanguard Mid-Cap Growth Index Fund 13.7 7 43 2.9 -0.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 13.6 65 -15 2.7 -0.2
OGIG O'Shares Global Internet Giants ETF 13.4 48 2 0.7 -2.2
VUG Vanguard Growth Index Fund 13.2 4 46 3.7 +0.8
CLRG IQ Chaikin U.S. Large Cap ETF 13.2 25 25 5.3 +2.4
ECOZ TrueMark ESG Active Opportunities ETF 13.1 58 -8 3.3 +0.4
SFY SoFi Select 500 ETF 12.9 0 50 4.8 +1.9
ETHO Etho Climate Leadership U.S. ETF 12.8 47 3 4.0 +1.2
QGRO American Century STOXX U.S. Quality Growth ETF 12.7 29 21 3.1 +0.3
ANEW ProShares MSCI Transformational Changes ETF 12.7 45 5 3.1 +0.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 12.6 15 35 3.3 +0.5
MGK Vanguard Mega Cap Growth ETF 12.6 7 43 3.9 +1.0
XT iShares Exponential Technologies ETF 12.5 47 3 4.7 +1.8
FDMO Fidelity Momentum Factor ETF 12.3 29 21 3.2 +0.3
WUGI Esoterica NextG Economy ETF 12.3 75 -25 1.3 -1.6
IWF iShares Russell 1000 Growth ETF 12.2 19 31 3.6 +0.8
IXN iShares Global Tech ETF 12.2 46 4 4.1 +1.3
XITK SPDR FactSet Innovative Technology ETF 12.2 45 5 0.5 -2.4
VFMO Vanguard U.S. Momentum Factor ETF 12.1 13 37 0.3 -2.6
VONG Vanguard Russell 1000 Growth Index Fund 12.0 8 42 3.8 +0.9
TMFC Motley Fool 100 Index ETF 12.0 50 0 3.2 +0.4
ESGV Vanguard ESG U.S. Stock ETF 12.0 12 38 4.7 +1.9
JKE iShares Morningstar Large-Cap Growth ETF 11.9 25 25 2.9 -0.0
QQQN VictoryShares Nasdaq Next 50 ETF 11.8 18 32 2.9 +0.1
VEGN US Vegan Climate ETF 11.8 60 -10 4.7 +1.9
SNSR Global X Internet of Things Thematic ETF 11.8 68 -18 4.4 +1.6
USXF iShares ESG Advanced MSCI USA ETF 11.5 10 40 4.6 +1.8
PEXL Pacer US Export Leaders ETF 11.4 60 -10 5.5 +2.6
KOMP SPDR Kensho New Economies Composite ETF 11.3 20 30 2.2 -0.7
AIQ Global X Future Analytics Tech ETF 11.3 68 -18 3.8 +0.9
IHAK iShares Cybersecurity & Tech ETF 11.2 47 3 3.7 +0.8
FVL First Trust Value Line 100 Exchange-Traded Fund 11.2 70 -20 4.9 +2.1
BTEK BlackRock Future Tech ETF 11.1 88 -38 0.4 -2.5
XLK Technology Select Sector SPDR Fund 11.1 13 37 4.5 +1.6
VOOG Vanguard S&P 500 Growth ETF 11.0 10 40 4.1 +1.3
PDP Invesco DWA Momentum ETF 11.0 62 -12 2.0 -0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.9 66 -16 2.0 -0.9
IVW iShares S&P 500 Growth ETF 10.8 18 32 4.1 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 10.8 4 46 4.2 +1.3
IUSG iShares Core S&P US Growth ETF 10.7 4 46 4.2 +1.3
MTUM iShares MSCI USA Momentum Factor ETF 10.7 15 35 4.0 +1.2
PSET Principal Price Setters Index ETF 10.7 15 35 4.7 +1.8
USMF WisdomTree U.S. Multifactor Fund 10.6 28 22 5.6 +2.7
CACG ClearBridge All Cap Growth ETF 10.5 54 -4 4.1 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 10.5 75 -25 3.9 +1.0
IWY iShares Russell Top 200 Growth ETF 10.5 20 30 3.8 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 10.3 56 -6 3.3 +0.4
CIBR First Trust NASDAQ CEA Cybersecurity ETF 10.3 60 -10 3.1 +0.3
ENTR Entrepreneur 30 Fund 10.1 49 1 1.0 -1.9
HACK ETFMG Prime Cyber Security ETF 10.1 60 -10 3.1 +0.2
CATH Global X S&P 500 Catholic Values Custom ETF 10.1 29 21 4.7 +1.9
SPMO Invesco S&P 500 Momentum ETF 10.1 13 37 4.0 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 10.1 12 38 4.2 +1.3
PRNT The 3D Printing ETF 10.0 66 -16 1.2 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 10.0 9 41 5.3 +2.4
NULC Nuveen ESG Large-Cap ETF 10.0 20 30 4.7 +1.8
SKYY First Trust Cloud Computing ETF 10.0 60 -10 2.0 -0.9
IYW iShares U.S. Technology ETF 10.0 43 7 3.7 +0.8
PZD Invesco Cleantech ETF 9.9 65 -15 3.5 +0.6
BUYZ Franklin Disruptive Commerce ETF 9.9 50 0 -0.2 -3.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 9.8 68 -18 0.1 -2.8
ESGU iShares MSCI USA ESG Optimized ETF 9.8 15 35 4.7 +1.8
FDG American Century Focused Dynamic Growth ETF 9.7 45 5 1.5 -1.3
JHMF John Hancock Multifactor Financials ETF 9.7 40 10 6.9 +4.1
FEX First Trust Large Cap Core AlphaDEX Fund 9.7 60 -10 5.0 +2.1
BOTZ Global X Robotics & Artificial Intelligence ETF 9.7 68 -18 2.6 -0.3

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:
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 14.2 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.48
 
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.