VanEck Vectors Morningstar Durable Dividend ETF
ALTAR
Score™
8.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
2.9x
P/BV
ratio
3.3x Div.
yield
3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VanEck Vectors Morningstar Durable Dividend ETF tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation.

FUND BASICS
Category US Equities
Fund Sponsor VanEck
Website www.vaneck.com
Inception date Oct 30, 2018
Assets (mns) $40
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $125,038
Large cap (>$10bn) 95.9%
Mid cap ($2-10bn) 4.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ABBVIE INC 5.2 %
BRISTOL-MYERS SQUIBB CO 4.8 %
COCA-COLA CO/THE 4.7 %
PEPSICO INC 4.7 %
AT&T INC 4.7 %
PFIZER INC 4.7 %
VERIZON COMMUNICATIONS INC 4.7 %
JOHNSON & JOHNSON 4.5 %
PHILIP MORRIS INTERNATIONAL 4.3 %
MERCK & CO. INC. 4.2 %
Total 46.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.0 %
SWITZERLAND 2.7 %
IRELAND 1.5 %
BRITAIN 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.3% -5.1% -- -- 2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.82 94%
MSCI EAFE 0.88 86%
MSCI Emg. Mkts. 0.63 64%

Technical Indicators
Recent close $28.52
30d moving avg. $27.50
Annualized volatility 17.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $14,098

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VanEck Vectors Morningstar Durable Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with DURA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DURA Expense: 29 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DURA
Ticker Fund
Name
Overlap1
vs DURA
(%)
Expense
ratio
(bp)
Savings
vs DURA
(bp)
ALTAR
Score™
(%)
ALTAR
vs DURA
(%)
HDV iShares Core High Dividend ETF 46.9 8 21 6.6 -1.4
DHS WisdomTree U.S. High Dividend Fund 38.4 38 -9 8.0 -0.0
FDL First Trust Morningstar Dividend Leaders Index Fund 34.2 45 -16 9.4 +1.4
PWV Invesco Dynamic Large Cap Value ETF 33.8 56 -27 7.6 -0.5
OUSA O'Shares FTSE US Quality Dividend ETF 33.5 48 -19 5.5 -2.5
VYM Vanguard High Dividend Yield Index ETF 30.0 6 23 6.9 -1.2
SCHD Schwab U.S. Dividend Equity ETF 29.7 6 23 7.2 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 26.7 12 17 4.5 -3.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 26.6 18 11 3.3 -4.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 26.4 7 22 6.6 -1.5
MGV Vanguard Mega Cap Value ETF 26.3 7 22 6.7 -1.4
LVHD Legg Mason Low Volatility High Dividend ETF 26.1 27 2 7.7 -0.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 26.0 35 -6 6.7 -1.4
USDY Pacific Global US Equity Income ETF 25.6 29 0 7.7 -0.4
DEW WisdomTree Global High Dividend Fund 25.2 58 -29 8.9 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 24.9 28 1 6.0 -2.1
IECS iShares Evolved U.S. Consumer Staples ETF 24.7 18 11 5.2 -2.8
JKF iShares Morningstar Large Cap Value ETF 24.2 25 4 7.0 -1.1
NULV Nuveen ESG Large-Cap Value ETF 24.1 35 -6 6.6 -1.5
PPH VanEck Vectors Pharmaceutical ETF 23.4 36 -7 10.8 +2.8
XLV Health Care Select Sector SPDR Fund 23.2 13 16 7.2 -0.9
EDOW First Trust Dow 30 Equal Weight ETF 23.1 50 -21 5.2 -2.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 23.0 60 -31 6.8 -1.3
SDOG ALPS Sector Dividend Dogs ETF 22.9 40 -11 8.7 +0.6
DTD WisdomTree U.S.Total Dividend Fund 22.7 28 1 6.2 -1.9
DGRO iShares Core Dividend Growth ETF 22.6 8 21 6.2 -1.9
PFM Invesco Dividend Achievers ETF 22.5 53 -24 5.0 -3.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.5 38 -9 7.3 -0.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 22.4 49 -20 4.3 -3.8
IYH iShares U.S. Healthcare ETF 22.1 43 -14 6.2 -1.8
PJP Invesco Dynamic Pharmaceuticals ETF 22.1 56 -27 12.6 +4.6
VTV Vanguard Value Index Fund 22.1 4 25 6.7 -1.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 21.8 28 1 6.1 -2.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 21.5 35 -6 7.9 -0.1
GBLO Global Beta Low Beta ETF 21.5 29 0 7.1 -1.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 21.3 75 -46 5.5 -2.6
QLV FlexShares US Quality Low Volatility Index Fund 21.3 22 7 4.6 -3.4
VOOV Vanguard S&P 500 Value ETF 21.3 10 19 6.7 -1.4
IWX iShares Russell Top 200 Value ETF 20.9 20 9 6.2 -1.8
FHLC Fidelity MSCI Health Care Index ETF 20.7 8 21 5.5 -2.6
XLP Consumer Staples Select Sector SPDR Fund 20.2 13 16 5.2 -2.9
DIA SPDR Dow Jones Industrial Average ETF Trust 20.2 16 13 5.1 -3.0
VHT Vanguard Health Care Index Fund 20.0 10 19 5.4 -2.7
SPYV SPDR Portfolio S&P 500 Value ETF 19.8 4 25 6.7 -1.3
IVE iShares S&P 500 Value ETF 19.8 18 11 6.6 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 19.7 29 0 7.0 -1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 19.6 25 4 5.7 -2.4
FSTA Fidelity MSCI Consumer Staples Index ETF 19.5 8 21 5.2 -2.9
REVS Columbia Research Enhanced Value ETF 19.4 19 10 7.1 -1.0
USMV iShares Edge MSCI Min Vol USA ETF 19.3 15 14 5.3 -2.8
VDC Vanguard Consumer Staples Index Fund 19.0 10 19 5.1 -2.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 18.9 30 -1 8.4 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 18.8 4 25 6.2 -1.8
IUSV iShares Core S&P U.S. Value ETF 18.7 4 25 6.8 -1.3
JHMS John Hancock Multifactor Consumer Staples ETF 18.6 40 -11 5.5 -2.5
MOAT VanEck Vectors Morningstar Wide Moat ETF 18.6 49 -20 6.2 -1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 18.4 37 -8 5.7 -2.3
GBDV Global Beta Smart Income ETF 18.4 29 0 9.1 +1.1
RNDV US Equity Dividend Select ETF 18.2 50 -21 7.7 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 18.1 29 0 6.3 -1.8
IYK iShares U.S. Consumer Goods ETF 18.1 43 -14 4.5 -3.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 17.8 35 -6 8.2 +0.1
FLLV Franklin Liberty U.S. Low Volatility ETF 17.8 29 0 5.2 -2.9
IXJ iShares Global Healthcare ETF 17.8 46 -17 6.3 -1.8
JHMH John Hancock Multifactor Healthcare ETF 17.8 40 -11 6.0 -2.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 17.7 70 -41 5.6 -2.5
IHE iShares U.S. Pharmaceuticals ETF 17.7 42 -13 5.2 -2.9
CCOR Core Alternative ETF 17.6 109 -80 4.4 -3.7
XPH SPDR S&P Pharmaceuticals ETF 17.4 35 -6 3.7 -4.4
FLV American Century Focused Large Cap Value ETF 17.4 42 -13 5.8 -2.3
FLQL Franklin LibertyQ U.S. Equity ETF 17.3 15 14 5.8 -2.2
FTCS First Trust Capital Strength ETF 17.1 58 -29 5.0 -3.0
SPLV Invesco S&P 500 Low Volatility ETF 17.0 25 4 5.5 -2.6
QDIV Global X S&P 500 Quality Dividend ETF 16.8 20 9 6.8 -1.3
DIV Global X SuperDividend US ETF 16.6 46 -17 5.5 -2.6
FDLO Fidelity Low Volatility Factor ETF 16.6 29 0 4.9 -3.1
FVD First Trust Value Line Dividend Index Fund 16.5 70 -41 5.8 -2.3
SPMV Invesco S&P 500 Minimum Variance ETF 16.5 10 19 5.5 -2.6
JQUA JPMorgan U.S. Quality Factor ETF 16.5 12 17 5.1 -3.0
STLV iShares Factors US Value Style ETF 16.4 25 4 6.8 -1.3
KXI iShares Global Consumer Staples ETF 16.2 46 -17 5.2 -2.9
DIVB iShares U.S. Dividend & Buyback ETF 15.9 25 4 6.1 -1.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 15.9 56 -27 6.1 -1.9
DVY iShares Select Dividend ETF 15.8 39 -10 8.4 +0.3
FQAL Fidelity Quality Factor ETF 15.7 29 0 5.1 -3.0
YLDE ClearBridge Dividend Strategy ESG ETF 15.7 60 -31 4.5 -3.5
QUS SPDR MSCI USA StrategicFactors ETF 15.6 15 14 5.4 -2.7
VLUE iShares MSCI USA Value Factor ETF 15.4 15 14 10.2 +2.1
SPXT ProShares S&P 500 Ex-Technology ETF 15.2 27 2 5.1 -2.9
VONV Vanguard Russell 1000 Value Index Fund 15.2 8 21 6.4 -1.7
OEF iShares S&P 100 ETF 15.1 20 9 4.5 -3.6
LSLT Salt Low truBeta US Market ETF 15.1 60 -31 5.6 -2.5
SPDV AAM S&P 500 High Dividend Value ETF 15.0 29 0 8.8 +0.7
AUSF Global X Adaptive U.S. Factor ETF 15.0 27 2 8.4 +0.3
NACP Impact Shares NAACP Minority Empowerment ETF 15.0 75 -46 4.5 -3.6
SUSL iShares ESG MSCI USA Leaders ETF 14.8 10 19 4.9 -3.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 14.8 10 19 4.9 -3.2
IWD iShares Russell 1000 Value ETF 14.8 19 10 6.2 -1.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 14.8 25 4 5.6 -2.4

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:
VanEck Vectors Morningstar Durable Dividend 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 25.3 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.