VanEck Vectors Morningstar Durable Dividend ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.3x P/Sales
ratio
2.3x
P/BV
ratio
2.2x Div.
yield
5.1%


  • 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) $23
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 57
Wgt avg mkt cap (mns) $125,616
Large cap (>$10bn) 95.9%
Mid cap ($2-10bn) 4.0%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PFIZER INC 5.4 %
VERIZON COMMUNICATIONS INC 5.2 %
MERCK & CO. INC. 5.1 %
ALTRIA GROUP INC 5.0 %
JPMORGAN CHASE & CO 5.0 %
PHILIP MORRIS INTERNATIONAL 4.8 %
WELLS FARGO & CO 4.7 %
CHEVRON CORP 4.6 %
AT&T INC 4.5 %
PEPSICO INC 4.5 %
Total 48.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
IRELAND 1.0 %
SWITZERLAND 0.5 %
BRITAIN 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.8% -10.5% -- -- -5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.89 96%
MSCI EAFE 0.90 90%
MSCI Emg. Mkts. 0.69 70%

Technical Indicators
Recent close $23.22
30d moving avg. $24.97
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.4%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $31,036

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.4%


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 48.4 8 21 8.1 -0.3
DHS WisdomTree U.S. High Dividend Fund 44.3 38 -9 10.5 +2.0
FDL First Trust Morningstar Dividend Leaders Index Fund 39.4 45 -16 10.9 +2.5
SCHD Schwab U.S. Dividend Equity ETF 39.3 6 23 9.2 +0.8
VYM Vanguard High Dividend Yield Index ETF 38.7 6 23 8.9 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 36.8 48 -19 7.0 -1.5
JKF iShares Morningstar Large Cap Value ETF 34.0 25 4 9.5 +1.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 31.1 7 22 8.3 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 30.7 28 1 8.0 -0.4
PWV Invesco Dynamic Large Cap Value ETF 30.5 55 -26 10.6 +2.2
USDY Pacific Global US Equity Income ETF 30.3 29 0 10.5 +2.1
DGRO iShares Core Dividend Growth ETF 30.1 8 21 8.4 -0.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 29.5 37 -8 9.1 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 28.9 29 0 10.3 +1.9
SCHV Schwab U.S. Large-Cap Value ETF 28.9 4 25 9.0 +0.5
MGV Vanguard Mega Cap Value ETF 28.7 7 22 8.8 +0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 27.7 37 -8 7.9 -0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 27.5 28 1 8.2 -0.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 27.5 30 -1 11.9 +3.5
DTD WisdomTree U.S.Total Dividend Fund 27.5 28 1 8.5 +0.1
QDF FlexShares Quality Dividend Index Fund 27.4 37 -8 8.8 +0.4
DVOP Source Dividend Opportunity ETF 27.4 50 -21 11.2 +2.8
IWX iShares Russell Top 200 Value ETF 27.2 20 9 8.7 +0.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 26.8 49 -20 6.1 -2.3
EDOW First Trust Dow 30 Equal Weight ETF 26.2 50 -21 7.2 -1.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.1 38 -9 10.2 +1.8
VTV Vanguard Value Index Fund 25.8 4 25 9.1 +0.7
PFM Invesco Dividend Achievers ETF 25.7 54 -25 6.4 -2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 25.6 12 17 6.3 -2.1
DEW WisdomTree Global High Dividend Fund 25.4 58 -29 11.4 +3.0
NULV Nuveen ESG Large-Cap Value ETF 25.1 35 -6 9.3 +0.9
PEY Invesco High Yield Equity Dividend Achievers ETF 25.0 53 -24 9.8 +1.4
LVHD Legg Mason Low Volatility High Dividend ETF 24.2 27 2 8.6 +0.2
DVY iShares Select Dividend ETF 24.2 39 -10 10.9 +2.4
EQWL Invesco Russell Top 200 Equal Weight ETF 23.9 25 4 7.5 -0.9
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 23.6 35 -6 11.3 +2.9
SDOG ALPS Sector Dividend Dogs ETF 23.6 40 -11 13.9 +5.4
DIVB iShares U.S. Dividend & Buyback ETF 23.6 25 4 8.8 +0.4
VOOV Vanguard S&P 500 Value ETF 23.5 15 14 9.2 +0.7
SPHQ Invesco S&P 500 Quality ETF 23.4 15 14 6.4 -2.1
SPYV SPDR Portfolio S&P 500 Value ETF 23.4 4 25 9.2 +0.8
IVE iShares S&P 500 Value ETF 23.3 18 11 9.1 +0.7
DIV Global X SuperDividend US ETF 22.8 45 -16 15.1 +6.6
SPDV AAM S&P 500 High Dividend Value ETF 22.7 29 0 14.5 +6.1
QDIV Global X S&P 500 Quality Dividend ETF 22.4 20 9 10.8 +2.3
FMK First Trust Mega Cap AlphaDEX Fund 22.3 70 -41 7.0 -1.4
IUSV iShares Core S&P U.S. Value ETF 22.3 4 25 9.4 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 22.1 29 0 9.6 +1.2
IECS iShares Evolved U.S. Consumer Staples ETF 21.9 18 11 6.4 -2.0
CCOR Core Alternative ETF 21.7 123 -94 5.3 -3.2
FLQL Franklin LibertyQ U.S. Equity ETF 21.5 15 14 8.0 -0.4
FDVV Fidelity Core Dividend ETF 21.3 29 0 9.7 +1.3
JKD iShares Morningstar Large-Cap ETF 21.1 20 9 7.4 -1.0
REVS Columbia Research Enhanced Value ETF 20.6 19 10 9.9 +1.4
VONV Vanguard Russell 1000 Value Index Fund 20.2 8 21 9.3 +0.8
YLDE ClearBridge Dividend Strategy ESG ETF 20.2 60 -31 6.2 -2.3
OEF iShares S&P 100 ETF 20.1 20 9 6.3 -2.1
IWD iShares Russell 1000 Value ETF 19.7 19 10 9.1 +0.7
MOAT VanEck Vectors Morningstar Wide Moat ETF 19.5 49 -20 8.1 -0.3
XLG Invesco S&P 500 Top 50 ETF 19.4 20 9 5.9 -2.5
PRF Invesco FTSE RAFI US 1000 ETF 19.3 39 -10 9.2 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 19.1 8 21 8.5 +0.0
SPYD SPDR S&P 500 High Dividend ETF 19.0 7 22 14.3 +5.9
FSTA Fidelity MSCI Consumer Staples Index ETF 18.9 8 21 6.0 -2.4
QLV FlexShares US Quality Low Volatility Index Fund 18.9 22 7 6.4 -2.0
VETS Pacer Military Times Best Employers ETF 18.9 60 -31 8.5 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 18.8 27 2 7.3 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 18.8 12 17 6.6 -1.8
GBDV Global Beta Smart Income ETF 18.8 29 0 16.2 +7.8
ACIO Aptus Collared Income Opportunity ETF 18.7 79 -50 6.6 -1.8
QUAL iShares MSCI Usa Quality Factor ETF 18.7 15 14 6.9 -1.5
JOYY Infusive Compounding Global Equities ETF 18.7 50 -21 5.1 -3.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.7 25 4 8.3 -0.1
IYK iShares U.S. Consumer Goods ETF 18.6 42 -13 6.9 -1.6
VDC Vanguard Consumer Staples Index Fund 18.5 10 19 6.0 -2.4
XLP Consumer Staples Select Sector SPDR Fund 18.4 13 16 5.9 -2.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.4 15 14 8.9 +0.5
BVAL Brand Value ETF 18.2 65 -36 8.9 +0.5
STLV iShares Factors US Value Style ETF 18.1 25 4 10.1 +1.6
RNDV US Equity Dividend Select ETF 18.0 50 -21 10.5 +2.1
JHMS John Hancock Multifactor Consumer Staples ETF 17.9 40 -11 6.8 -1.6
JDIV JPMorgan U.S. Dividend ETF 17.9 12 17 10.7 +2.3
DIA SPDR Dow Jones Industrial Average ETF Trust 17.9 16 13 7.3 -1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.5 25 4 8.4 -0.0
IWL iShares Russell Top 200 ETF 17.4 15 14 6.6 -1.8
XLV Health Care Select Sector SPDR Fund 17.4 13 16 8.1 -0.4
IEIH iShares Evolved U.S. Innovative Healthcare ETF 17.4 18 11 4.5 -3.9
QUS SPDR MSCI USA StrategicFactors ETF 17.4 15 14 7.3 -1.2
SHE SPDR SSGA Gender Diversity Index ETF 17.2 20 9 7.4 -1.0
PJP Invesco Dynamic Pharmaceuticals ETF 17.2 56 -27 12.5 +4.0
FLLV Franklin Liberty U.S. Low Volatility ETF 17.1 29 0 7.1 -1.3
IYH iShares U.S. Healthcare ETF 17.0 43 -14 7.1 -1.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 17.0 35 -6 7.9 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 17.0 32 -3 6.8 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.9 29 0 8.2 -0.2
RECS Columbia Research Enhanced Core ETF 16.8 15 14 7.5 -1.0
MGC Vanguard Mega Cap Index Fund 16.8 7 22 6.8 -1.6
HSPX Global X S&P 500 Covered Call ETF 16.7 65 -36 6.2 -2.3
FVD First Trust Value Line Dividend Index Fund 16.6 70 -41 8.0 -0.4
SNPE Xtrackers S&P 500 ESG ETF 16.4 11 18 6.8 -1.6

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:

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 18.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.